Full Show Podcast: 30 July 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Breakfast Show You Can Trust The Mic Hosking Breakfast
with Bailey's Real Estate, doing real estate differently since nineteen
seventy three, News togsadb Well you welcome.

Speaker 2 (00:10):
Today we have new printing around AI for the country.
We've got concerns about the government's gun reform laws. The
Warriors have officially sold out their entire season. That makes
them the first NRAL club ever to do so. It's
PM Tuesday. Callum Hedge is home for the midseason break
in Indy, so we catch up with him. Our Katherine's
in France.

Speaker 3 (00:28):
Rod is in the UK rules as well, pasking.

Speaker 2 (00:31):
Excuse me, Welcome to the day seven past six home ownership.
Home ownership stats If you haven't seen them look really
bad or do they? Ownerships drop below sixty percent. That's
the lowest since nineteen forty five. By twenty forty eight,
it's claimed they will drop another ten percent, which of
course means there will be more renters than there are owners.
So here's the trouble with all of this. The coverage

(00:52):
is written up as though it's bad news. The inference
is owning as good. Renting is bad, and that is
because well, that is the way it has always been
its own bad if we decide it's bad. People who
don't own a home want to own one but can't.
Also within that category are the ones who want to
but can't, but in reality we're never going to be
able to versus the ones who should be able to
but can't. See lots of things at play here. I mean,

(01:15):
do you buy a home so you can build wealth
or just because it's more fun to own than rent
and you can paint the walls any color you want.
How many people who could own but don't because they
don't get to live where they want or have the
quality of house they would like. What role had the
banks played in all of this with deposits and loan
to income ratios. What role does the government play and
rules around key you saber and first home loans and grunts?

(01:35):
How many people who can't afford a home are in
Auckland or Queenstown or Toweronga and locked out because the
markets are different to everywhere else in the country. See,
ownership is not a right, but it shouldn't be a privilege.
It should be hard like it has always been, but
doable if you really want it. Banks are looking at
new products like group loans, split ownership, rent to buy

(01:55):
looks like a decent IDEA long term rental projects where
you sign up to rent for thirty years could be
an answer for those not obsessed about ownership. See I
could suggest a lot of major cities all over the world,
from Rome to New York are not affordable and haven't
been for decades. But in New Zealand we like to
think we're a bit different, more egalitarian maybe though the
simple truth as we aren't. And this is the future,

(02:16):
whether you welcome.

Speaker 3 (02:17):
It or not.

Speaker 1 (02:19):
News of the World in ninety second tail a.

Speaker 2 (02:22):
Couple of governments for your first Venezuela and the Duro
says he's won.

Speaker 4 (02:25):
They couldn't win the spate sanctions, they couldn't win the
spade aggressions, they couldn't win the spate threats. They couldn't
now and they will never do so against the dignity
of the people of Venezuela.

Speaker 2 (02:37):
And then in Britain, the new Mob have found the
old Mob made a lot of promises with no money
behind them. So you have a Stephen Joyce esque for Skillhole.

Speaker 5 (02:45):
I will restore our country's economic stability. I will make
the tough choices. I will fix the foundations of our
economy so we can rebuild Britain and make every part
of our country better off.

Speaker 2 (02:57):
The Tories are having none of that.

Speaker 6 (02:58):
Those public finances were audited by the OBR just ten
weeks before the election was called. We're now expected to
believe that in that short period a twenty billion pound
black hole has magically emerged.

Speaker 2 (03:12):
And then we have a dance workshop where anata got
loose with a knife.

Speaker 7 (03:16):
And there was a woman who was screaming saying that
a child's she can't find a child, and they let
her into the.

Speaker 8 (03:22):
Cordon and she ran down and mom.

Speaker 9 (03:25):
So as she could hear with screaming and cry and
saying that's my child.

Speaker 3 (03:27):
That's my child.

Speaker 2 (03:28):
Home Secretary gave the update in the Commons.

Speaker 10 (03:30):
I have been in contact with the Merseyside Police and
Crime Commissioner and the Merseyside Mayor to convey my support
to the police and our thanks to the police and
Emergency Services for their swift and courageous response.

Speaker 2 (03:46):
Leaders We have on that two did nine are injured.
More with rod later on, of course, and a new
week in Washington where childless cat ladies is filled. The
topic du jour.

Speaker 11 (03:55):
He was talking about how the Democratic Party has abandoned
the traditional family. They have trying to marginalize GD and
make him some kind of bad Person's not gonna work
because he's not a bad person.

Speaker 2 (04:06):
He's a good person. Finally, the power of love. Scientists
on Columbia University spoted fast raging and people who had
lost a parent or a partner, or sibling or a
child before they turned eighteen. Signs weren't there on those
who had not lost someone close to them. Aging process
involved poor a mental health, cognitive impairment, heart metabolic issues.
The hope is that data can be used to better
pin point once sort of counseling is needed to help

(04:28):
people out the other side and let us news of
the world. In ninety second year, Miduros potentially got some
problems because the dancing in the streets was all choreographed.
As soon as the numbers are coming in, he said,
thanks very much, I won have won a third term
in office. At the exact same time the opposition claimed no, no, no,
they had won. So the international community and a number

(04:49):
of opposition groups are saying, you'll need to explain the numbers.
So we continue to watch and wait on that. Twelve
past six, come my costume breakfast. Hugh Edwards here, remember
the name, one of the most trusted names in British broadcasting.
His life has turned to shite child porn images this
morning thirty seven and Decent Images allegedly shared them on WhatsApp,
facing three charges making in decent images of children between

(05:11):
December twenty and April twenty two. Much more with Rod later.
Fourteen past six.

Speaker 12 (05:18):
Jm.

Speaker 2 (05:19):
Lph Andrew callaher good.

Speaker 13 (05:20):
Morning, very good morning, Mike.

Speaker 2 (05:22):
Update me on the labor market. We're getting worse. What's
going on?

Speaker 14 (05:25):
Yeah, Look, this is the monthly employment indicators release yesday
by Stats New Zealand. These are numbers for June twenty four.
We do keep an eye on the start a series, Mike,
when trying to sort of relay any trends, any themes
we might see in there to you. Now, this data
comes from the Inland Revenue Information so this is factual,
it's real. It's not a survey, it's not people's thoughts

(05:46):
and opinions. It's actually who is being paid, who's paying
taxes at the headline level. Lower numbers for June and
April and May that had previously announced they were revised lower.
So what you've got here, Mike, is more evidence that
the labor market is moving in the direction one that
the Arby and Z was forecasting it was going to

(06:07):
move in two unfortunately necessary in terms of monetary policy context.
So sort of trying to calm the labor market down
hopefully get inflation down.

Speaker 13 (06:18):
Now we don't get the.

Speaker 14 (06:20):
Drop of official sort of labor market data until early August.
So the seasonally adjusted number of jobs filled fell in
June by zero point one percent, which isn't much, but
that's oney seven hundred and sixty six jobs. April was
originally released at minus point one, that was revised down
to minus point two. May was originally reported as flat

(06:43):
that was revised down to minus point three.

Speaker 13 (06:46):
Thing is, Mike, we.

Speaker 14 (06:47):
Haven't seen three consecutive monthly falls since the GFC, so
this continues another bit of data where we're actually the comparative.
The relative comparative is the g We're seeing this all
the time. So the total number of full jobs is
now up zero point two percent if we look at

(07:08):
compare it to the same time last year. But we've
had strong growth in the working ash population like of
around sort of three percent.

Speaker 13 (07:14):
So the real effect of jobs.

Speaker 14 (07:17):
Has actually fallen since last year if we look at
the actual numbers because people, you know, people do relate
more to actual numbers.

Speaker 13 (07:23):
So this quarter, on a.

Speaker 14 (07:24):
Seasonally adjusted basis, you've got fourteen three hundred fewer jobs.
If we look at the raw data, so not seasonally adjusted,
you've got thirty thousand fewer jobs. So unfortunately, I think
these numbers will continue in that vein, if not accelerate
between now and the end of this year.

Speaker 2 (07:43):
Problem then we come to flatchers. Do they have troubles
like on all fronts.

Speaker 13 (07:48):
Now They've just got they've got boat problems.

Speaker 14 (07:50):
We've got boat problems everywhere now, so they've got problems
with cement. Not worth making it, but getting it where
it needs to go. So this is their subsidiary, Golden
based ament. It's a ship problem. To the copst Ferents
aren't the only problematic boats out there.

Speaker 13 (08:03):
The ships that the ship that.

Speaker 14 (08:04):
Transports cement around the North Island from Golden Based manufacturing
facility at the top of the South Island there has
got a mechanical issue. It's currently docked at Northport. It's
not going anywhere it needs repairs. Golden base c event
does have contingency plans, got coastal barges grade use of
road transport. Unfortunately, that costs more and it's going to
have an impact on their forecast earnings for FY for

(08:27):
financial year twenty five. At the moment, they're forecasting that
to be in the ten to thirty million dollar range
of quite a wide range because it costs more to
get it where it needs to go. That's an estimate,
though the final number will depend on a number of factors,
including just how long this problem goes on, what's the
problem with the ship, albums that take to get fixed,
all of that sort of stuff. The share price fell

(08:48):
yesterday just under six percent, so it was a reasonable
impact on the share price five point seventy percent.

Speaker 13 (08:53):
Another little challenge for Fletcher building continuation of a challenging period.

Speaker 14 (08:57):
They did get some good news though recently they've got
a new director, so they're rebuilding the board in that
and the new director doesn't look a good appointment. So
can the new director moves some mental Probably not in
the short term.

Speaker 13 (09:08):
It wasn't on his cv cement moving skills was going
to know.

Speaker 2 (09:12):
And then we come to honey. So how bad is
it for a compter?

Speaker 13 (09:16):
It's not good.

Speaker 14 (09:17):
And unfortunately you've got one of these series of so
it's convened as a listed company that sales honey and
honey products.

Speaker 13 (09:22):
But we've talked before about this night.

Speaker 14 (09:24):
When you get one bad announcement, then you get another one,
you tend to then start to get into sort of
a flow. They're very dependent on China announcement, you say,
on their result for this year. Look words, we've become
quite accustomed to now weakness in China trading conditions. We're
seeing that a lot that's continuing. There was a cancelation
of a festival, the six eighteen shopping festival that affected them.

Speaker 13 (09:45):
Then you've got actually got the fact that when you've got.

Speaker 14 (09:47):
Weak China, that flows into other related Asian markets.

Speaker 13 (09:50):
Their fourth quarter sales below expectations.

Speaker 14 (09:52):
They're guidance for the financial year FY twenty four for
the twenty four financial year.

Speaker 13 (09:58):
It's now lower than the guidance that they gave in May.

Speaker 14 (10:01):
Then they were saying two hundred and eleven to two
hundred and eighteen million of revenues, now two hundred and
four earnings now forecast at seventeen million that's fallen from
a range of twenty three to twenty eight chare perce
down eight percent. Share price now at the lowest level
since when Mike, since the GFS.

Speaker 2 (10:16):
So yeah, yeah, what are the number?

Speaker 3 (10:19):
No? I know?

Speaker 13 (10:20):
What do you do?

Speaker 14 (10:22):
The dal Jones is down five points as we look
at it, so not much change. Their forty thousand, five
hundred and eighty four S and P five hundreds up
ten points five four six eight. The Nasdaq is up
thirty points, so about point one six percent. Seventeen thy
three hundred and eighty six overnight. Small move in the
foots one hundred up six eight two nine two. The
Nikkay had a two percent game, which is quite good.

(10:43):
Thirty eight thoy, four hundred and sixty eight Shanghai Compost
didn't really move yesterday. The Aussie's gained point eight six
percent on the ASEX two hundred and seventy nine eight nine,
but we fell just zero point two nine percent. Twelve
thy three hundred and thirteen. Kiwi dollar is still very
weak point five eight eight seventy five against the US,
It's under ninety six against the Aussie point eight nine

(11:04):
seven eight point five four to two seven against the
euro point four five sixty seven against the pound ninety
point four eight. Japanese end gold is trading at two thousand,
three hundred and seventy eight dollars and a little a
little bit of good news here Branker's seventy nine dollars
as sixty four cents.

Speaker 2 (11:20):
Will take it go well, jmiwealth dot co dot ins
at Andrew kellerher Psky Lamborghini never sold more cars record
number of deliveries for the first half of twenty twenty four.
No disruption coming in the second half either. Thirty one
hundred euroses two thousand and forty three hurricans eight leftover
evented dors. Revenue increased fourteen percent, the margin was twenty

(11:41):
nine percent. They made half a billion euros in operating profit.
Flash cars and lots of money. Six twenty one, Here
afew was.

Speaker 13 (11:49):
Talk CEV.

Speaker 3 (11:52):
The Mic Hosking breakfast.

Speaker 2 (11:54):
Oh you're out with the fundings of this morning, Mike,
Did the Warriors fans go to games dressed as blue
plastic seat bs on the out season? You do realize
very funny, by the way, You do realize that once
you buy a season ticket, if you don't go to
the game, or indeed you're off getting a hearty beverage
at halftime. The sale has still gone through. It is
still a seller. You don't need to be in the

(12:16):
seat at every moment you happen to be watching the television. Mike,
have you seen the Manchester report police footage? Yes, always
two sides to a story, Shane. The MSN only report
that side, Well they don't. I mean they've reported both sides.
Andy Byrne, who's the mayor of Manchester, has been sort
of dancing on the head of a pin over the
last couple of days trying to explain exactly that. Then

(12:36):
we come to this horrific business that we alluded to
at the start of the show. There's some nutjobs got
loose with a knife. Again, this was at a children's
dance class. As Starr's weighed.

Speaker 7 (12:48):
The events today are just truly awful, and I know
the whole country is deeply shocked at what they've seen
and what they've heard. And I know I speak for
a body in the whole country and saying our thoughts
and condolences with the victims, their families, their friends, and

(13:09):
the wider community. And it's almost impossible to imagine the
grief that they're going through and the trauma that they're
going through.

Speaker 15 (13:17):
Trending now with chemist Warehouse great savings every day.

Speaker 2 (13:22):
I have a risted a seventeen year old. I don't
have a motive, Yate. But we'll get to Rod later
in the program. If you follow the UFC by the way,
you know the name Paddy Pimblet. He's a fan favorite, desirish.
He's one as about At the UFC three or four
and Manchester first round submission, he was an underdog. He
went in as an underdog, keeps him undefeated. Post the fight,
he said, people underestimate him because he looks like a
fourteen year old girl. And then there's his weight, because

(13:43):
he's well known for eating whatever he wants, gets fat
and then goes in sheds in camp. Anyway, reporter has
a question for him after the fight while he's eating pizza.

Speaker 16 (13:52):
This is probably a stupid question because I can see
the pizza in front of you, But do you ever
miss the six pack when you flow up between fights.

Speaker 14 (13:58):
I'm glad to be fat and after them rip them
like these people who are ripped all year around are
an uppy in my ass.

Speaker 13 (14:04):
I don't care what they say.

Speaker 17 (14:05):
Just six packs sound I look great?

Speaker 14 (14:07):
Or I'd rather be fat and uppy love.

Speaker 2 (14:09):
Isn't it interesting?

Speaker 3 (14:10):
Though?

Speaker 2 (14:10):
It's I think ultimately the best thing is to be
able to be fat and then have a six pack,
so you can be fat with a six pack. That's
a skill. AI are going to have to put the
hard questions to Madeline, who's our guest after six thirty.
They've come together with this group of people about how
we can improve our productivity in this country and boost
our GDP, and AI is going to do it. I

(14:30):
don't know how they do it. Do they just go
check GPT? How do I boost productivity for New Zealand
and it gives the answer. I don't know how this
works anyway more? AI questions for you? Or is this
more just you know, people sitting around coming up with
strange ideas about AI? Anyway more? After the news for.

Speaker 1 (14:45):
You, big news, bold opinions, the my Asking, Breakfast with
a Vida, Retirement, communities, Life your Way, news, togs d B.

Speaker 2 (14:55):
I don't know what's so difficult here. Every time we
go and hunt out a couple of television numbers from
the television networks particularly sky around something like the Olympics,
because i'mkind of keen as anyone watching the Olympics at
the moment, how interested are we? And the reason I
raise this is we've got numbers out of Australia and
what we find is that they always sort of I
don't know whether they do it deliberately or they don't
count the numbers, or they don't know how to count
the numbers. But whenever we go, oh, there's so many

(15:17):
channels and it's difficult to know whether it's on social
media or on anyway. We don't know how many people
are watching and listening to the Olympics in this country yet.
But in Australia it's massive. And I also that's my
next point. I can't work out is it massive because
it's the Olympics and therefore we'll see similar numbers here,
or is it massive because the Australians are actually doing
quite well. Half the country's been watching, half the country.

(15:41):
In fact, on the opening day the figure was so
a good night on Australian television is if you crack
a million, you've done extremely well. Remembering the population's twenty
six twenty seven million. If you crack a million. You've
done extremely well. Channel nine crack ten million people. I mean,
you can't argue with those numbers. We'll try our best
to get some numb for you here tomorrow and c
how we go twenty two minutes away from seven Speaking

(16:03):
of the Olympics, I think that sends off in terms
of the triathle and they had a practice today that
didn't go ahead because too many pools in the waters.
So we'll get to Catherine shortly and see what's going
on there. Meantime, back here, we've got a blueprint that
lays out this country's AI targets. This is from the
committee made up of you know, your Amazon's, your A
and Z Zero's whole bunch of others who think AI
can boost GDP and productivity. AI Forum New Zealand executive

(16:26):
director Madaline Newman is with us. Medlin, good morning to you,
Good morning. I'm just looking at your website. You've got
nine thousand people working for you. Everyone's on board. What's
going on there.

Speaker 18 (16:38):
Actually, you don't have very many people working for us
at all, but we do have a lot of a
lot of members. So we've got made up of probably
about seven percent government, about seven percent academia and the
balancer businesses, so creators, implementers, advisors and users of technology.

Speaker 2 (16:54):
How many people in the group sit there and go,
you know what, this might just be more hype than
it is real versus how many people in the group go,
this is going to take us to places we never imagined.

Speaker 18 (17:06):
I think that you join AI for one, because of
the latter. You recognize the power and the potential power
of it to help New Zealand become a world leading
hub basically for responsible AI for the benefit of everyone,
and to help leak that productivity gap is.

Speaker 2 (17:24):
The level of individuality with an AI for us to
be world leading in anything versus everyone to be world
leading because we all recognize the same advantages no matter
where in the world we are.

Speaker 18 (17:38):
Well, we've got some really globally valuable strategic assets that
sit alongside. So people often think that, for example, that
New Zealand's a bit of a back quarter, and I
don't want people to think that from an AI perspective,
we are really good at this stuff. We have some
absolutely excellent research to developers in this country and we've
grown some amazing companies across a number of different sectors

(18:02):
as a result of that. Some of those things and
they're possibly a bit boring as tost people to think about.
But data. So we've got really nationally significant data sets
that are accurate, complete, reliable, relevant, timely that are super
valuable I mean later this morning, but personal that is
this morning. I'm going from mammogram. Now our mammogram test

(18:25):
results and pictures have been used to train or are
being used, sorry, to train artificial intelligence that can help
to take cancer empressed much earlier and much more effectively
help our esteeent radiongists to do their job better and faster.

Speaker 2 (18:45):
That's now, that's a very good example. Can it do
that now? Or will it be able to do it?
Or it might be able to do it.

Speaker 18 (18:53):
So there are working examples of both of those. So
Volpara is an organization out of New Zealand that recently
I think it's been it's been told but I can't
move it to home, which has done exactly that. There
is another one called Frontline Diagnostics again done that. It's
in clinical trials in the US.

Speaker 2 (19:14):
Apparently do we know when this is going to hit us?
In a look at this, this is how materially different
it is or has it already.

Speaker 18 (19:24):
I think for some people that already has, and for
others we're sort of staying well ourse key messages, get
on board and take the productivity gains that can it
can potentially give you. And I talk to a lot
of teachers, for example. Now, the average for somebody just
using Generator, the I, the usual tools that's sort of
freely available out there in a kind of way, the average,

(19:49):
according to Deloitte is something like five point four hours
a week. You can you can save in time. Else
we can give teachers back five hours a week. How
amazing is that? You know you spend that time building
a bitter human.

Speaker 2 (20:00):
What's the vibe on bad actors and how this is
going to go wrong? In some sectors.

Speaker 18 (20:06):
There are always bad actors, and our emphasis is on
the good actors. So if it's a fight between good
and evil, we want we obviously want more good actors
in New Zealand. We don't seem to have. There don't
seem to be terribly many homegrown bad actors, which is great.
But this is an international an international technology, so we

(20:29):
do need to be keenly aware of things for that.

Speaker 2 (20:31):
Most interesting times go well, appreciate it. Very much, Medline Newman,
who is the AI Forum New Zealand executive director. It's
eighteen minutes away from seven. I don't have time to
give you the details, but in hours I'm going to
work it through. In an hour's time, going to work
it through with the Prime Minister from our You cannot
make this stuff up file thirty three million dollar Ministry
of Foreign Affairs and Trade cloud I T project nearly

(20:52):
tripled and cost since twenty twenty one, has been a
failure for all of its existence, and the wider ministry
was made aware of it before millions of dollars were misspent.
And it can be traced back to a moment where
somebody packed a sad and who was that person who
packed a sad? Miss j Adern and from doubt, from

(21:14):
there it went downhill. Anyway, you don't want to miss
the details because you can't make this stuff up. Seventeen
to two.

Speaker 3 (21:23):
The Mike Costing Breakfast.

Speaker 2 (21:25):
You raise a very good point on the text, Mike.
The challenge with AIS energy it uses heaps, so although
incredible in terms of what it can achieve, wonder how
this works for an already struggling country with energy costs Indeed,
by the time you do the evs and the data
centers and the crypto and the AI, you've got a
classic example of theory meeting reality. The theory is what
we might be able to do. The reality is we

(21:46):
don't have the power.

Speaker 15 (21:47):
Fourteen to two International Correspondence with ends in eye Insurance
Peace of mind for New Zealand Business mart Captainfield.

Speaker 9 (21:55):
How are you?

Speaker 19 (21:56):
I'm good, Thank you, Mike, thank you for asking.

Speaker 2 (21:58):
Not at all? Reassure me that are the phones working?
Are the trains going? Have you fixed at all?

Speaker 19 (22:04):
They say it is all fixed.

Speaker 16 (22:06):
Yes.

Speaker 19 (22:06):
These two acts of sabotage, one the major one last Friday,
just before the opening ceremony of the Olympic Games. That
was the one that really got them got concern because
at the moment the authorities are leaning towards far left extremers.
Who carried out the sabotage. They knocked out three of

(22:27):
the main high speed train links to Paris, one to
the west, the east, one to the north, and was
only by luck that they managed to foil the one
the attack that was planned against the one to the south.
So they do say that the trains are up and
running again. Some eight hundred thousand people had their holiday
departure times completely messed up, but they are saying that

(22:50):
it looks as though it could be someone in the
ultra left. And then, of course Monday mornings news was
that there was vandalism on the fiber optic cables in
the network in the south of the country across four
or five different regions. So no one yet might linking
that vandalism to the between the telecoms and the trains,

(23:12):
but certainly it's a concern when being told to look
out for terrorism here in Paris and all this is
happening outside.

Speaker 2 (23:18):
Last Supper was touch and go. I think there was
always going to be a bit touch and go. But overall,
what's the vibe of that that I think Sire did.
Did the locals love it?

Speaker 19 (23:26):
Love it? Eighty five percent of French people thought it
was a great success, thought it was a great way
to show the world about French history, art culture. And
there was a bit of grumbling that the Olympic organizers
apologized to the church because of course they're the bishops
here in France and also in Italy complained they reckon
that that Last Supper was actually a sycology but in fact,

(23:50):
the choreographer came up yesterday, in fact on television, said
it had nothing to do with the Laspa. It represented
Greek gods in ancient Greece, the home of the Olympi,
and them having their religious festival, nothing to do with
the Last Supper.

Speaker 3 (24:04):
He said.

Speaker 2 (24:04):
Okay, now the Sin doesn't look good and the forecast
doesn't look good to either. What are they going to do?

Speaker 19 (24:11):
Oh, they're playing this hour by hour might Yes, they've
had to cancel those familiarization dips into the sand for
the triathletes. Had to cancel it Sunday, had to cancel
it Monday. The latest we've heard is that the coal
i is between three and five times above the acceptable level.

(24:31):
The big question mark really is you did everything go
according to playing? Okay, Yes, they couldn't predict that there
was going to be so much rain during the opening ceremony,
But they say one of the biggest money wastages came
actually with that reservoir that they built at the end
of the Sin going out of Paris, where all of

(24:53):
the sewage was meant to go, and it was meant
to go in there and not into the river. They
say that was just a waste of money, just too
many pipes connected up, too much could have gone wrong,
And in fact, the plumbing of homes and Paris should
have been dealt with decades ago, and not just a
couple of years ago as the Olympics was approaching.

Speaker 2 (25:11):
Okay, this business of the rain. Is it unusual to
rain this much in Paris in the latter part of July?
It is, yeah, really unusual.

Speaker 19 (25:19):
I haven't had this sort of heavy rain for at
least twenty years.

Speaker 9 (25:23):
The reason the locals.

Speaker 19 (25:24):
Aren't complaining, Mike, is because we've had so many drums lately,
the climate change. We've had that, so the locals think
it's great, you know, yes, let it rain, because then
the rain stops and we get the temperatures that we've
now got for today and tomorrow, which is about thirty
five degrees. It's great heat waves. So if the rains come,
then enjoy it, because the heat will come after it.

Speaker 2 (25:44):
What as a pleasure, Catherine, go, well, we'll catch up
next week. Catherinfield and France. My daughter has been literally
at the moment she said, was twenty five the other day.
It doesn't seem to be the sort of the summer
the last couple of summers we've experienced in Europe, those
high thirties, early forties, and the stories of elderly people
dying and stuff. It seems to be a wet and
coolish sort of summer. If you watch the f one
in Belgium. Got a son in London, he says, it's

(26:05):
permanently raining and cold in that part of the world
at the moment. So Europe seems to be having a
very mild, i not wet summer. Night Away from seven
on the.

Speaker 1 (26:12):
Cost Geel Breakfast with Alveda Retirement Communities News togs.

Speaker 2 (26:17):
Had been like the French obtained to the whole affair
with ideological idiocy. There's an element of truth to that,
because I'm reading a report this morning out of Australia.
The Olympic village is turning into a major, major problem
the vegan diets. There's a lot of vegan in there,
and a lot of athletes don't actually like vegan or
indeed want vegan, or as far as your dietary requirements

(26:37):
are concerned, their body needs something more than that. There
a lot of green washing going on, so there's a
lot of complaints not only about the food but the
cardboard beds and the transport that doesn't get them to
where they want to go. Australia's brought their own air
conditioning units, brought their own chefs and barristas Cocoa Goff
and her fellow Tennis's they checked out and went into

(26:58):
a hotel for a regular fud widely reported to be
dominated by the vegan diet. And if you're not vegan,
you're not interested. By the way, speaking of not interested,
I haven't given you much time on Biden today and
his ophed piece about reforming the This is a sad end,
it really is. What he's going to do now is
basically write op ed pieces and thought bubbles about things
he wants to do. And one of the things he

(27:18):
alluded to the other day was, of course, reformed the
Supreme Court. So obviously the first question to ask is
how does one reform the Supreme Court? And the answer
is before you get to any ideas as to how
he may or may not do it. Three of which
he's put forward today is would you require the support
of quite a lot of people in the Congress, And
the answer is yes, you would. Indeed, you would require

(27:43):
a two thirds majority next question, what do you think
the chances of Biden getting a two thirds majority? That's right, zero,
end of story. Five to seven.

Speaker 3 (27:54):
The ins and the outs, it's the biz.

Speaker 1 (27:57):
With business fiber, take your business from activity to the
next level.

Speaker 2 (28:01):
I told you about Lamborghini and their record sales. I
can tell you about McDonald's and they're not doing so
well at all. This is globally. Second quarter runings missed
all marks. This morning, they had a Q two income
of three point four billion dollars, down from three point nine.
Same store sales and every single division were also down
a one percent instead of the zero point four percent
growth they thought they were going to get. First time

(28:23):
sales have fallen since COVID. You maybe think one percent
is that a big deal? Well, it is because it
compares with a ten point three percent increase in same
store sales this time last year. So what's going on?
Too expensive and protesters. They got protesters and it's too expensive.
Average price of a big Mac in the States now
is nine dollars in New Zealand, which is up twenty
one percent since twenty nineteen. That's inflation for you. The

(28:43):
layers made to serve on the US showed sixty percent
of people are cutting back on how much they spend
on fast food, so it's no wonder compeople are complaining
about a nine dollar big Mac. They also lost money
because people protesting in their franchises in Israel, so the
executives are now looking at ways to lower the price
of their products and to try and get back into profit.
Four Q three and we can only I recommend they

(29:05):
bring back that port thing. Was that pork sandwich thing
they did for a while many years ago. They did
a pork sandwich, Yeah, pork rib sandwich. That was one
of those we'll bring it in and toy with you
and then take it away and then bring it back
and take it away. And you know, one of those
things I reckon the other winners. I mean I never
had one, but I was told that they were quite good.
And no, exactly never I hate pork. But anyway, apparently,

(29:31):
you know, people thought it was the go to. Anyway, guns,
let's talk about guns after the news, shall we?

Speaker 1 (29:38):
Demanding the answers from the decision makers.

Speaker 3 (29:41):
The mic Hosking.

Speaker 1 (29:42):
Breakfast with Jaguar The Art of Performance News TOG said
b in.

Speaker 2 (29:46):
The quarter finals and the sevens twelve five. As we
we got the conversion doesn't really matter twelve fourteen five
one or the other. We're beating China at the moment.
The Justice Select Committee believes police may have too much
power when it comes to warrantless searchers. So several changes
have been recommended to soften the Firearms Prohibition Amendment Bill.
So where does this lead the government's crack down on gangs?
For example, the Police Association president Chris Carr Hill's back. Well,

(30:08):
this is Chris, very good morning to you.

Speaker 12 (30:10):
Good morning.

Speaker 2 (30:11):
If this goes through, does it make your life harder
if you can't search where you want to search?

Speaker 20 (30:15):
Now, look, when the firearms prohibition orders were boorded by labor,
they had no search pairs at all, and that was
always we said that toothlus without it. So national change
that or this government change that said that we're going
to have search pairs. They probably pushed their luck going
that you could use it with suspect rather than believe.
You know, that's a subtle thing to some, but when

(30:37):
you're actually excising that pair, having the belief throw and
just suspicion is important. And then just limiting exactly where
you can search us is probably fair enough. You've got
to get the mixed right when you're using coersive pairs.
So I think we can still do a job pretty well.
That's what they've come up with.

Speaker 2 (30:52):
So you would back yourself to in whatever circumstance you
need to go and search for something, you will be
able to have the law that backs.

Speaker 3 (31:00):
You up to do it.

Speaker 20 (31:01):
As long as you believe the person you're dealing with
has a firearms prohibition order now and the majority of
the times you're going to know you can do a
computer check straight away. But if you don't, the person
gives you a false name and you think I believe
your line and I think I know who you really are,
you can still use it. But if you're just suspicious

(31:22):
that he is, you could And I think that's your
next when you're using pass like this.

Speaker 2 (31:26):
Okay, is this? I read some of the stuff that
the committee's looking at. The committee to a point seems
to have wandered into the weeds, and they've got a
lot of red tape coming and you're second guessing everything
and you might be able to do this, but then
you can't do that, And what if you're over there
but not over here. Is it got that about it
or not?

Speaker 20 (31:44):
It has a little bit. But I think the challenge
they've got is they know the courts are going to
scrutinize this really closely. The Bill of Rights is going
to come into play, so I think they're trying to
get that mix right. And but what police have always learned,
you can pass whatever all you like. In the end,
it's how the courts entern but it so these are
things that are going to heavily challenged in the court,
probably all the way to the Supreme Court. So we'll
just have to see how that unfolds. But I think

(32:06):
they've got the mix right on paper, and then we'll
just have to see how the theory works. But it's
certainly better than what we had with no search pairs whatsoever.

Speaker 2 (32:13):
Okay, you got to be on Andrew Costa. Moving on.

Speaker 20 (32:17):
Oh look, I think nothing against Andrew, but I think
time for a change. You know. I think we've got
a new government with a different focus, and I think
they probably want to see someone different there. I think
everyone really for a bit of a change for five years.

Speaker 2 (32:31):
Good on, hYP nice to talk to you, appreciate it
very much. And it was sort of my view yesterday wasn't
it was a nice enough guy. But Chris Carhill of
the Police Association. Ten minutes past seven skip back to
the hospital industry where we discovered that despite and we
spent a bit of time on this yesterday, we discovered
that despite the narrative that things are dreadful are the
numbers actually tell a different story. We are seeing the
industry breaking over fifteen billion dollars, which is growth of

(32:53):
five point eight percent. That's nationally places like Queen Stanle
and Time, and from feedback, First Table seems to be
as popular as ever. First Table's local invention basically half
price or special deals when dining it off Pick Times anyway,
The founder and CEO, Matt Wi is with us on
this Matt Morning to you.

Speaker 16 (33:08):
Good morning, Mike, thanks for having me on the show
this morning.

Speaker 2 (33:10):
Not at all ten years and booming is that a
fair description?

Speaker 16 (33:14):
Yeah, ten years. It's been a long journey, but yeah,
things for tracking well over a million accounts.

Speaker 2 (33:20):
What does that mean? Half a million accounts. It's half
a million New Zealanders who have an account, open and
use it.

Speaker 16 (33:28):
That's right. That's over half a million people who have
signed up on the website or the app over the
last ten years, and.

Speaker 2 (33:33):
Are they one offs or regulars or what?

Speaker 16 (33:37):
A lot of them are one offs, but then there
are certainly people that are using the platform on a
regular basis. There are customers that are monthly using First Table.

Speaker 2 (33:46):
What's your read on the I mean, the reason I'm
interested is because we have this picture at the moment
where everything is absolutely miserable, and yet when you actually
look at the stats, the money's up, the number of
people are up, the number of outlets up. What's going on?

Speaker 16 (34:02):
Well, I think that's I think some restaurants are experienced
in chart challenges right, and some are doing well. So
it's not just a plain story of everyone's having a
hard time at the moment. So it's something that we're
very much aware of and we're very very much focused
on helping restaurants solve a small part of their problems.

Speaker 2 (34:21):
And so are people. Is there still an awareness thing
around this or is everybody know? And if you know,
you use it?

Speaker 16 (34:29):
So First Table. I mean, as we said, there's five
hundred thousand people who have created an account, but we're
doing it. We're doing a lot in sales and marketing
at the moment, So we're bringing on a lot more
restaurants and a lot more diners. And also the word
of mouth element is one of our strongest referral channels.
So people are definitely talking about First Table at the moment.

Speaker 2 (34:49):
Good stuff. Nice to talk to you, Matt. Appreciate it
and go well with it. Matt Weia whose First Table
founder and CEO. And I'm just looking through the argiest
places in christ You're strawbly fair in christ WI. You
count beat that if you can get that for the
high price. You're laughing the bunker, fantastic Queenstown. How for us?
Not bad going? It's thirteen minutes past seven. Speaking of
functions and money this business. Cape McNamara strikes again in

(35:12):
the Herald Well done her film Commission. There's something not
right with the public service. You've got to be of
a certain ilk to work in the public service, and
so many people have been laid off. Thousands and thousands
of people have been laid off. Meantime at the New
Zealand Film Commission, a couple of parties. It's party time
at the Film Commission sixteen four hundred and thirty one
dollars worth of parties, two parties eight thousand dollars a

(35:33):
party eight thousand, two hundred dollars A party incoming. CEO
Annie Murray needed a party eighty six hundred and twenty
seven dollars for her party. There was a person leaving.
I'm not against a person leaving, especially a long serving,
well respected person leaving. You have a party. Nothing wrong
with that, I get it. Venue Higher. But she had
two parties. She had won in Auckland one and Wellington.
You just go around the country when I leave here.

(35:54):
I well, first of all, I'm not going to have
a party as a hate party.

Speaker 21 (35:56):
Oh I will have a party.

Speaker 2 (35:57):
You have a party, You have a party. You just
won't be there exactly. They'll be celebrating me leaving. But
having said that, you won't be all over the country.
And this is where the public service go dreadfully wrong.
Venue hire chef can I can almost say categorically that
we don't do chefs here.

Speaker 21 (36:15):
Well, when you leave, will it not be like you
know that time when we won the America's carp and
then they had like parades in different towns in New Zealand.

Speaker 2 (36:22):
And you know, modesty prevents me from talking about those
details at this particular point in time, but not far wrong.
Glenn Staff costs nineteen hundred and twenty eight alcohol, eleven
hundred and seventy eight catering air fares up and down
the country. But this welcome to the workplace thing worries
the but Jesus out of me a party to say
you've arrived. What's going on there in the public service

(36:46):
that you can even begin to justify this anyway? Between
that and the thirty three million dollars at the Ministry
of Foreign Affairs and Trade for their computer program. Chris
Luxinton for a good time on the Mike, asking breakfast
this morning, fourteen past seven, the make hosty breakers thirty
six five and the sevens with two minutes to go,
so I think we can bank that one seventeen minutes

(37:06):
past seven. Speaking of sport, fresh off the back of
the Tigers, when we've got news from the Warriors this
morning that the club's officially sold out their entire season.
That makes them the first team in our real history
to do that. The Warrior's chief executive Cameron George is withs. Cameron,
very good morning to you morning. What's that actually mean
when you've sold out the season? Does that mean I
can't get a ticket for your remaining home games.

Speaker 22 (37:27):
That's right. Yeah, So we sold out yesterday officially for
the last two games. So I think at one stage
I was talking to guys had three tickets left and
they got stapped up there in front of us. So,
you know, it's a fantastic effort by our fan base
and members and just very appreciative of the privilege of
the situation we're in.

Speaker 2 (37:47):
Yeah, it's an amazing story. What's the split do you
know between the season ticket holder and the walk Cup.

Speaker 22 (37:53):
So full season ticket holders, we have about eight thousand
of full season in total, seventeen thousand and members across
the season with various membership packages, so we're selling about,
you know, thirteen to fourteen thousand seats per game. Wow,
And look they've just been they've been the highest ticket

(38:13):
in town for a long time now. And just a
little proud of our staff for the show and the
event that they put on, because that's been a big
focus of ours, and you know, people just don't want
to miss out and it's just so good to see
so many kids there and families there, so hopefully they're
fans for a long time.

Speaker 2 (38:28):
Do you have data on other clubs in the NFL,
could they tell you where they're at and how far
ahead of the game you are in this department.

Speaker 22 (38:36):
Yeah, we do get benchmarking data and all that sort
of stuff and that's all great. But Mike, at the
start of the year, you know, we just wanted a
real effort as a footag club here to be the
best we can be in the New Zealand market, because
trying to compare ourselves to the Australian market and different
states is quite difficult. But they all had different shapes

(38:56):
and sizes and stadiums. But we just want to be
the best in New Zealand and want to be number one,
and hopefully we've achieved that now and now we'll start
to compare to other markets in Australia and the NRL
and sport For the.

Speaker 2 (39:08):
Bottom line, I mean, you've got to be a pretty
healthy looking club financially, mustn't you. I mean, you can't
do any more than sell out.

Speaker 22 (39:16):
Yeah, that's right, we can't do any more than that. Yeah,
So we've done well. We're reinvesting a lot of it
back in our footy programs. With five teams now in
the NRLW coming on next year, so we're finding a
place to put the money. But look, it does do well,
but it seriously goes back in the club, and that's
great for Mark Robinson, our owner, that's his commitment. He

(39:39):
just wants to see it reinvested and grow our brand
and our club.

Speaker 2 (39:43):
Congratulations on it, well done, Cameron George CEO sold out
only club and NURL history to sell out in the
entire season. Mike, who cares about sixteen k onspit pennies
and pounds? My friend, pennies and pounds. Mike ree Hospo,
you're overlooking margin squeeze. No I'm not. Once again, let
me reiterate this. No one's arguing about margin squeeze or profits. Yes,

(40:04):
everyone's squeezed at the moment. Profits aren't what the world.
What I'm saying is what's being presented to us versus
what is reality. Are two different things. Are things tight?
Of course they are. We've been in a recession, for
God's sake. But this whole idea that no one goes
out anymore, that the doors are closing simply isn't true.
Mike just tuned in. My wife and I went to
the food show loved at Packed spent two hundred dollars

(40:24):
on takeaway treats, so people are out and about in
that sense, seven twenty.

Speaker 3 (40:29):
My costkil breakfast.

Speaker 2 (40:30):
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five to five in the sevens semi and final will
be played in the early hours of tomorrow morning. Thank god,

(41:33):
we'll get a medal at that particular point in time.
Now the way Tangy Tribunal strikes again at a time
when the office looks that actually you know, looks after
the money that gets handed out to the murray to
head off to court. They're in real trouble financially because
they've basically run out of money. The Tribunal is busy,
though at the same time pumping out report after report,
costing Lord knows how much to achieve virtually nothing. The

(41:55):
latest report deals with the government's actions around tomorrow's schools review,
in which the tribute Unial has decided they breached treaty principles. Now,
the report, by the way, is a first in the
sense it's printed entirely in Maori. There are English versions
of chapters three through seven apparently, which is very nice
of them. But the approach gives you some indication of
where their heads in the world viewer is at. It
also deals with the review that happened over the period

(42:17):
twenty eighteen to twenty twenty two, So a couple of
things about that. That was another government. That government is
no longer running the place, So what was it the
Tribunal was expecting labor to do about all. The second
fairly significant point is that not only does it deal
with the government that no longer exists, it, like all
its other reports, is not binding. In other words, it's
an opinion and that's about it. So given what we

(42:39):
saw last week from the government with the customary rights
decision by the Court of Appeal, which is an actual
court that makes binding decisions, You've got to wonder just
how hard the Tribunal is pushing the envelope and asking
for trouble. All of this, of course, is taxpayer funded,
and in a country that is less than no money
and the purse rings are constantly looking to be tightened,
how much longer can urgent hearings be held that offer
taxpayer funded opinions with little of any standing and deal

(43:02):
to a time that has passed with absolutely no chance
of anything coming out of it at all. The tribunal
fifty years ago set up to deal with historic grievance,
made some sense and did some good work and righted
some very large wrongs. The modern day Wacamole report gravy
train isn't so inspiring fasking but on the calculator, so

(43:26):
reported to this morning, as the government has set aside
a couple of angsty things that people are mean. The
boot camps is one that all the opponents of the
government really sort of exercised about. Boot camps as one.
Tobacco is another. Gun reform, So we dealt with gun
reform a moment ago. Tobacco and Casey Costello. The Labour
Party seem obsessed with Casey Costello and her presumed links
to tobacco. Anyway, the government has set aside two hundred

(43:48):
and sixteen million dollars to pay for the tax cuts
around the heated tobacco products. When I say tax cuts,
it'll be because they're alluring the excise. It means money
they don't get. So they've set aside a contingency of
two hundred and sixteen million dollars. Now, we had a
bloke on the program the other day that said, look,
it's probably worth a crack if you want to get
people not smoking in this country, heat to tobacco products
might be worth a crack. He reckoned they could help

(44:09):
about seven thousand people. So outcomes from a calculator, and
I'm looking at this, the government loses two hundred and
sixteen million dollars in excise to help seven thousand people.
Do the math. Well, I've done the math. Don't do
the math. I've done the math for you. Thirty thousand
apeece thirty thousand dollars per man, woman and child to
help them theoretically, allegedly somehow give up smoking.

Speaker 3 (44:31):
Is that worth it?

Speaker 2 (44:33):
I take the two sixteen lit people. You know you
want to ruin your health in your life, go do it?
Mind you. That counter argument is you end up in
the health system. We pay for that as well. I
get all of that anyway. Christophalaction's got a bit on
us plate this morning. I got a I've got a
tsunami of expenditure wastage that we need we're going to
need to get into directly after the news, which is
next here, A news talk said, beat.

Speaker 1 (44:57):
Your trusted source for news and for use the Mic
Hosking breakfast with Bailey's real Estate doing real estate differently.

Speaker 3 (45:05):
Since nineteen seventy three, News togs had been.

Speaker 2 (45:08):
Keels back in the country mid season. He's Indy next.
Of course, last time we had him on the program
at the beginning of the year, he'd come off as
success last year was heading off to Windy currently fourth
in the standing seasons. Taking a break. He's back home,
so we'll take the chance of a catch up after eight. Meantime,
choose the morning Prime Minister christpher lections. But it was
very good morning to you.

Speaker 17 (45:26):
Good morning, Mike.

Speaker 2 (45:27):
Now, I've got a lot of wastage going on. I
hope you're aware of this. Are you up on the
New Zealand Film Commission? And there are many and varied
parties that the taxpayers funding.

Speaker 3 (45:37):
A little bit?

Speaker 22 (45:37):
Yep, what are you gonna talk about?

Speaker 2 (45:39):
The part that it's allowed to happen and when does
it stop?

Speaker 17 (45:44):
Sorry, I just said it again, the part.

Speaker 2 (45:46):
That it happens and when does it stop?

Speaker 17 (45:49):
The film commission.

Speaker 2 (45:51):
Have we got a bad phone line or something we
might do?

Speaker 22 (45:55):
Sorry about that.

Speaker 17 (45:55):
You're breaking up a little bit, but but yes, you
start again, okay.

Speaker 2 (46:00):
Film Commission are hosting parties for people who are leaving,
and they're hosting parties for people who are arriving, and
it's costing us tens of thousands of dollars. Is that acceptable?

Speaker 17 (46:10):
Well, again, I'm not aware of what they're doing exactly
in terms of their operational details. So they're trying to attract.

Speaker 22 (46:15):
People to actually do projects here. We've got a good.

Speaker 17 (46:18):
Amount of projects coming into New Zealand, which is good
for our industry in the sector here. That's been a
good thing. I'm not exactly sure what's appropriate or what
level they've been doing hosting and trying to attract projects
to New Zealand. I think it's good that they do
do that.

Speaker 2 (46:32):
But when a CEO arrives and they say, let's have
a party for an arriving CEO and they spend eight
thousand dollars doing that, is that typical of the public service?

Speaker 17 (46:41):
Well, that wouldn't seem appropriate to me. I mean, I
think you want to be able to have high level
engagement to welcome a CEO and to talk about the
project they want to get involved with. When I was
in California, for example, when I met with Apple, they
want to do a number of productions here in New Zealand.

Speaker 22 (46:55):
They don't need a party for that, and they just need.

Speaker 17 (46:57):
To know that I'm aware of what's going on, and
I'm encouraging them to choose US over Ireland or Yugoslavia
or some other place to do the project.

Speaker 2 (47:04):
So is there a message from the government top down
going to the government departments that we're not having parties
and they're unacceptable or has that message been ignored or
was there no message at all.

Speaker 17 (47:15):
No, that message is being applied on a regular basis,
and I've made it really really clear. I'm expecting every
single public sector CEO to deliver within their budgets. You
would have seen us make big interventions on say Health
New Zealand recently Housing New Zealand Disability Services. When we
give you a budget, we expect you to deliver it
and manage within the funds that we've got Health to

(47:36):
classic right, thirty billion dollars of spend a year, sixteen
point seven billion, going more, and then all of a
sudden the deficit emerges because there's very poor financial control
and understanding of what's going on. Unacceptable. That's why I
put a commissioner in. So I think you know, the
message is pretty clear.

Speaker 13 (47:50):
I don't know.

Speaker 17 (47:50):
I make it clear every day of my interactions with
CEOs and different officials about what we're expecting to do,
you know, and imagine there'll be some dumb stuff, yes,
and people want to make sure that that's corrected very
very quickly.

Speaker 3 (48:04):
Right.

Speaker 2 (48:04):
What about the thirty three million that the Ministry of
Foreign Affairs and Trade it project? It nearly tripled in
costs since it started in twenty twenty one. It's been
a failure for all of its existence, and the wider
ministry was made aware of it before millions of dollars
more were misspent. How does that happen?

Speaker 22 (48:20):
Yeah, yeah, we'll come away.

Speaker 17 (48:22):
That's a project that was think was picked off under
our jurn government and yet there was over spending in there.
And there's been interventions made from the top of him
fact to make sure that's gripped up.

Speaker 22 (48:32):
And when St.

Speaker 17 (48:32):
Peter's Minister Foreign Affairs was briefed about it, and he's
laid little down pretty firmly, and obviously it's been quite
a lot of change happening as a result of that.
So you know, again those are things that are happening.
I mean, there is literally in public spending important that
they understand that is taxpayers money. There has to be
spent really prudently, and you spend it as if it's
your own money, as if you know, you do your

(48:53):
own family budget. So we're building that culture back into Wellington.
We have to build it back in. But yeah, that's
a good example of project that's run and it can't
be let the if products are over running. We want
that surface very quickly. We want to know about it,
and we want more an action plan to get it
back on track again and on time.

Speaker 2 (49:08):
So what's your observation of this? And this comes out
of your POSTCAB press conference, which once again I waited
my way through for forty minutes yesterday, as you.

Speaker 22 (49:16):
Real I appreciate you listening to that, like I really do.

Speaker 2 (49:18):
I mean, you're telling us yesterday that members of boards
and executives and health couldn't get basic financial information. I mean, yes,
is that possible?

Speaker 22 (49:30):
I don't know.

Speaker 17 (49:31):
That's why we've made the interventions we have because when
you told everything's fine and then it finds out, you
find out there's actually not very good cash flow analysis.
There's twenty one different accounts payoff systems. You know what
actually happened, Let's be honest about it was a really
botched merger. We've seen it now in tpoo King, we've
seen in disability services, We've seen it in KO, We've

(49:52):
seen it in Health New Zealand, where Actually, when you
I remember mergers and acquisitions, well, if you buy a
new company, you really quickly identify this, get out the
duplication and make sure it's imbedded properly into the organization,
and you build a proper organization. In this case, twenty
one DHB is basically carried on big slack of a
big layer of management over the top of it, and

(50:12):
no financial reporting and literacy to the board provided to
the board, and the board not able and didn't ask
questions about information they needed to know. And so I
no longer a board, no longer a deven, a commissioner
with very big powers to act and move very very quickly,
un less to living and he'll be great. I think
you might have had him.

Speaker 22 (50:30):
On the show.

Speaker 17 (50:30):
But yeah, he's a pretty straight talker. And I meet
with him now with Nicola, Willis Shamdia, myself and him
and his commissioners, and we go on a regular meeting
to say, right, oh, what is happening this week? What
are we doing, and what are the challenges that you're
encountering with In a matter of a week and a bit,
low and behold, for the first time there's been in
decent cash flow analysis, which is when you're trying to
run a large organization eighty five thousand people, thirty billion

(50:52):
dollars worth of spending and more money coming into it.

Speaker 22 (50:55):
It's kind of a basic, right it is.

Speaker 2 (50:58):
I just despair what you're having to deal with. Then
I'm reading yesterday about the National Disaster Coordination System. Right,
So a COP a common operating platform. So New Zealand's
latest attempt to build a COP was abandoned weeks ago.
The country lacks even a proper foundation for one. Spatial
data infrastructure is what we're talking about. This is despite

(51:18):
Cabinet ordering an SDI to be built in twenty fourteen,
saying it would boost the economy by billions of dollars,
organizations didn't want to share their data. Not only has
an SDI never been built, the National Geospatial Office, which
has only ever had two or three people in it
any way, folded in twenty eighteen and we wonder when
it rains, why the same crap happens over and over

(51:40):
and over again.

Speaker 17 (51:44):
Data management is a major major issue, right, And if
you don't collect the data, you can't analyze it, and
then you can't take action on it. And it's not
about just collecting data. You've got to have action and
insights from that data that then changes the way you
do things.

Speaker 22 (51:56):
And so you're right, whether it's.

Speaker 17 (51:58):
In the spatial planning space end land that we know
that floods and doesn't flood and then is consented at
local government level, frankly, whether it's things in the way
that local governments respond to common systems around emergency management.
You know, we were very fortunate in christ Church that
christ Church and Sell and why Mack had the same
system to deal with porthills fires. But actually across the

(52:19):
country sixty two different district councils have different systems and
so but in your government, I don't personally believe is
very good at building our t systems. Are the right
people to do that stuff, and we do too much customization.
We should take off the shelf products in the digital
space because it's meaning billions and billions of dollars on
it projects and so we're trying to get our hands around.

Speaker 22 (52:39):
That as well.

Speaker 2 (52:40):
Jeez, there's a report this morning. You've set aside to it, and.

Speaker 17 (52:43):
I want to depress your mike.

Speaker 16 (52:44):
It's like wet potential.

Speaker 20 (52:47):
But we have to sort this mess out.

Speaker 22 (52:49):
And this is what we're going to do.

Speaker 17 (52:50):
This is a turn when I say turn around job,
this is the stuff that I'm talking about. And this
is why New Zealanders can't take good management for granted.
You know, you can have all the slogans you want,
you can talk all combined are mush as much as
you like, but you've actually got to run stuff well
and deliver it well.

Speaker 2 (53:06):
You've set aside two hundred and sixteen million, it's reported
this morning contingency on these heat to tobacco products is one.
Is that true? If you've set aside two hundred and
sixteen million, as in the money you won't be getting
and it helps thirty seven thousand people, that's thirty thousand
dollars per person. Is that worth it?

Speaker 3 (53:23):
Yeah?

Speaker 17 (53:24):
There was a few things going on there. One is
lot there's a new cagory of products called heated tobacco.
You know, there's a whole bunch of new innovations in
that space. It's not that better products, we believe for
you than people being on cigarettes. We know what vaping's
done to lower smoking rates. If there's another way in
which we get people away from cigarette, that's good. So
we don't actually formally know what the growth of that

(53:46):
sector will look like over the next twelve months or so.
Having said that, we put the maximum contingency away in case,
and what we've done is what we've done is have
the excise tax on those kinds of products, so there's
still excise tax being paid, but we're trying to incent
people move away from cigarette so we can get our
daily smoking rates down to five percent. I've gone down
from eight point six to six point eight. We think

(54:07):
we're actually on track to deliver smoke Free twenty twenty five,
which is the five percent daily smoking rate, and we're
going to try it for twelve months and let's.

Speaker 22 (54:14):
See how it goes and put a review in place.

Speaker 17 (54:15):
But we've put mess of money aside from a conngingency
point of view, not knowing what the uptake ultimately of
these products will look and feel like. Currently it's low,
and then we'll review it.

Speaker 2 (54:25):
In twelve months, right, I got to go, But give
me thirty seconds on this. The one hundred school building
projects that have been put on hold, how many of
them is because they're bespoke and cutting edge and expensive
versus how many actually be mold.

Speaker 17 (54:38):
Big part of it, big part of it hopelessly local,
lots of customization, lots of this spokeness. And what we
need is stand in classrooms. You can sex it up
around the outside with some better landscaping, for sure, but actually,
for goodness sake, let's just do things in one way,
same way, every way, standardized way, get the cost down
and deliver better quality buildings across our school infrastructure.

Speaker 2 (55:00):
Share your time, Christopher Lackson, the Prime Minister, I'd recommend
you go listen to yesterday's press conference one because it
was became a bitch first after a while, But more importantly,
when a prime minister talks about a grouping of people,
i e. Health that spends thirty billion dollars a year
and you've got people, whether on the board or the executive,

(55:20):
that literally cannot find what's spent, where it's spent, how
it's spent, why it's spent. This country is bugget thirteenth Way,
Mike Costing Breakfast, genuinely feel sorry for him at times,
and the amount of stuff he's had to deal Mike
good and to be thank goodness, we've got national leadership
with Christopher Lackxson at the helm. What the Blazers were

(55:41):
Adern and Robinson's smoking so useless. This goes back to
and it was Adern who packed a big sad when
she couldn't get a proper connection. So this was apeck
no technical capability to this twenty twenty one, no technical
capability to get a Microsoft team's call up running with
world leaders you might remember it had sort of made

(56:01):
the story at the time. Caused the Dern to voice
who had annoyance. She was pretty fed off. One source
set a Mickey Mouse set up from m fat. So
they start this thirty three million dollar mb cloud it project,
which nearly tripled in costs since twenty twenty one. It's
a failure for all of its existence. A workaround was

(56:22):
eventually found after she complained. Inquiries into what had gone
wrong led to the creation of a whole new project.
People close to the resulting cloud project did not have
much positive to say about that. Experience, one source referring
to their time on nfat's cloud project as quote the
single worst experience in my entire professional career. The report's

(56:45):
release prompted m FAT to apologize for the mismanagement of
public funds. It's just thirty three million dollars, don't worry
about it. The estimate in July of twenty one nine
point three four eight million in its earlier stages, revised
to thirteen point five million in May of twenty two.
By June of last year, it was estimated to be
sixteen point seven two million. Further estimates of the project's
budget had balloon two thirty three million dollars. So what

(57:09):
started out at nine ended at thirty three before the
whole thing. It's very inter irel and fairy, isn't it.
And we're trying to mop all this stuff up ate
away from it.

Speaker 1 (57:21):
The Mike Castle breakfast with Jaguar Us tomb.

Speaker 12 (57:26):
Wow.

Speaker 2 (57:27):
Speaking of civil defense, look that up, by the way.
It's the same thing every time, and we always look
at civil defense to go how come the same thing
happens every time? And that's because the office closed because
the government departments didn't want to share information and because
we've been trying to fix something since twenty fourteen, and
somebody said, yesterday Gabriel happened again. The exact same thing
would happen, and I'm not remotely surprised. And then we

(57:48):
get to the bloke who ran Hawks Bay Civil Defense,
guy called Ian McDonald, who was on holiday when Gabriel arrived.
The question is is it unfair? A lot of people
I know very angsty in the Bay in terms of
his profile and what he did or didn't do. Anyways, resigned,
and I suspect from my understanding of the area that
a lot of people are going to be pretty pleased
about that he leaves at the end of August. If

(58:10):
you're on holiday over summer, that's not unusual. We're all
on holiday over summer. If you're on holiday over summer
and you're the Hawks Bay simple Defense coordinator or controller
and you see a cyclone in the Pacific, do you
cancel your holiday and come back? His argument was when
he left on holiday, I'm comfortable I made the call
because that was the Wednesday before the cyclone. At that
stage the cyclone was up in Vanauer too. Fair enough,

(58:32):
But if you're the controller of the area, do you
then go right, I'm going to need to just put
a contingency plan in place that should something untoward happened,
because there's plenty of talk about what was happening up
in the Bunawertou area and it was heading our way.
Do you put a contingency in place that says I
might have to cut my holiday short? At what point
do you do that? What point is it fair? Or

(58:52):
if you're on leave, are you on leave and somebody
else is taking your place and they will control it?
Or as it gets close to the country, do you
then go right now, this looks serious. I'm going to
come back from my holiday and take charge of things.
Or do you excuse him because it wasn't supposed to
hit the Hawks Bay the way it was. It was
only supposed to hit the top of the island. See
what's right and what's wrong? And the answer is there
is no right and there is no wrong. But people

(59:13):
have decided they didn't like what he did and his
Quidney's on his way. Kellum Hedge fourth in the Indian Necks,
which is good because he only just started it this year,
so I think he's going extremely well. We get an
update for you in a couple of moments after the news,
which is next.

Speaker 1 (59:27):
Setting the news agenda and digging into the issues the
Mic Hosking breakfast with Alveda, Retirement Communities, Life Your Way
News tog said b.

Speaker 2 (59:43):
A seven parass looking border catching up with Keller Hedge
when he was last year, he was coming off the
back of winning the Porsche Career A Cup and being
the Formula Regional America's champion, so he headed off to
Indy Next the developmental series of course for indyicare halfway
through the season. He's currently fourth and he's back for
a mid season break, so he is, well, it's very
good morning and good to see.

Speaker 9 (01:00:01):
You morning, Mike. Thanks for having me on.

Speaker 2 (01:00:03):
Are you loving it?

Speaker 9 (01:00:04):
Absolutely? As a dream come true to the racing there
a part of the big IndyCar circus and going around
to all these races and having a blast.

Speaker 2 (01:00:12):
Did you know what you were getting into versus what
you're experiencing now or not?

Speaker 9 (01:00:18):
No, I was very very underprepared, coming from obviously the
Porsche background, not being able to do the preseason testing
at the start of the year. So I went into
the first weekend just kind of like Okay, I don't
really know what's to expect here, so you go out learn.
Been learning consistently over the course of the year and
the results have been getting better and better and better

(01:00:40):
as the year's gone on.

Speaker 2 (01:00:41):
Fantastic. So the difference between for people who don't necessarily
follow motor racing and a description from yourself. The difference
between a production car, even though it's a race car
as a Porsche, versus this which is custom built.

Speaker 3 (01:00:55):
What is it?

Speaker 2 (01:00:55):
How big? Is how big a leap?

Speaker 9 (01:00:57):
Well, it's actually surprisingly of like a very very fast car.
If you put into perspective, there's only four race cars
on the Earth which are actually faster than an Indie
lights car, which would be probably a Daytona prototype, a
Formula one car, an Indy car, and a super Formula car.
Other than that, we're right there. So to get acclimated

(01:01:18):
with a car like that, especially coming from a background
with not a lot of single seat experience, has been
quite a challenge. And then we go and race on
ovals as well. So been learning that new game as well.

Speaker 2 (01:01:29):
Oh, I was going to ask. We had Scottie Mack
on the program a couple of weeks ago. I a
hit of Indy and I watched a lot of I
haven't watched a lot of Indie racing, but on that oval,
the speed that you do and the line between that
in disaster must be so fine.

Speaker 9 (01:01:47):
Yeah, well at that speed. I haven't had any moments
or anything really on the overlope. Been taking it quite cautious,
quite steady, just trying to learn and grow my experience
before I really start to push the limits of the
car and start to get it a bit loose and
really free. But I do feel that as soon as
you it gets away from me slightly and that speed,

(01:02:09):
there is no coming back from her. You just go
in the wall. You don't really have any other option.

Speaker 2 (01:02:14):
Exactly what are their expectations of you? Do they say? Look,
you know, we know you'll hit the speed, or you'll
do this, or we think you'll come fifth, or you're
still there? What do they tell you for the Oval?

Speaker 9 (01:02:25):
I don't really think there was any expectation or any
pressure on me to perform. I think at the start
of the year for the for the road courses was
very similar. Just trying to go out learn and do
all my learning on a race weekend was really really challenging.
So to get the good results we had and then
go into an oval. I actually found it easier than
I did learning the road course because I didn't have

(01:02:47):
any bad habits from driving other cars that I had before.
So I went out. I did my first test day,
which I kind of sucked, but I needed this. I
needed this piece of trim on my helmet to stop
my head from lifting up, so I was actually looking
at the sky before I was turning in. So I
went to the next one with this, with this piece
of trim on my helmet, and I watched the guy

(01:03:09):
from last year and I said, Okay, if this guy
can do it, I'll just go and do exactly that.
And that's how it was.

Speaker 2 (01:03:16):
And there it was. What I like about is you
do you do track oval and of course road. Do
you favor one over the other? Does it matter or not?

Speaker 3 (01:03:24):
No?

Speaker 9 (01:03:24):
I didn't think so. I actually probably had some of
the most fun I've ever had in a race car.
Doing the Iowa race about three weeks ago was really
really awesome.

Speaker 2 (01:03:33):
How sophisticated are the cars themselves in terms of tech
and speed and all that.

Speaker 9 (01:03:39):
Quite quite sophisticated in some ways, but also in other
ways not as much like the aerodynamics package is. There's
really really big wings, lots of power. The floor isn't
very powerful, but there's a lot of power. That's probably
the biggest thing to get get used to. It's got
five hundred horse and ways about six hundred kilos. It's

(01:04:02):
a really really grunty car and you've got big tires.
There's a lot to learn with it.

Speaker 2 (01:04:08):
How limited by budget are you in terms of tie
usage and you know, spear parts and new engines and
all that.

Speaker 9 (01:04:16):
Yeah, budget's been tight for us all year. We've been
really scraping the barrel trying to make our way through
the season. But we've been going really well where I've
been really fortunate to have the support of Honda, the
Tony Quinn Foundation, Giltrap Group, and a whole bunch of
other people that have come on board to help me out,
especially Steve Horn as well. I know he's listening right now.

(01:04:37):
So thank you to everyone that's got me here. Yeah,
it's been an absolute.

Speaker 2 (01:04:41):
Blast, fantastic. So the team itself explain who they are,
how good they are, and where they project themselves to be.

Speaker 9 (01:04:48):
So HMD Motorsports is the team I'm driving for. They're
relatively new and into the whole motor racing scene that
come on, come about about five or six years go
with the with their now IndyCar driver David Malucas so
his father Henry owns it owns the team gave them
a little bit of money to start up, and ever

(01:05:10):
since then, the guys at the top, Mike Marini, Henry
aj and Luke Valley, they've all put together a really
good package, got a big new shop and ended up
with ten cars in Indie.

Speaker 2 (01:05:22):
Next Wow, So where do you are you with the team?
Do you stay with the team or you don't know?
Where do they go next year? They don't know? Is
there a plan?

Speaker 22 (01:05:32):
Yeah?

Speaker 9 (01:05:32):
So I guess their their goal is to get an
IndyCar team. For me, like they they really want an
IndyCar team. They've got the people to do it. They've
got the expertise, they've got the brains to do it,
and they've got the facility to do it as well.
And I do think that should they get an opportunity
to go IndyCar racing, they'd be able to do do

(01:05:53):
really great things.

Speaker 2 (01:05:54):
Right currently, your fourth we'll have a look at some
of your results and see where you're going for the
rest of the season. In the moment, Kelvim Hetret's thirteen
past eight.

Speaker 3 (01:06:01):
The Mike Hosking breakfast a.

Speaker 2 (01:06:03):
Sixteen past day Killum here is with a season the
break He's got four races to go. You've done a
bunch of races you've done. I don't want to dwell
on this, but you've come fourth a lot.

Speaker 9 (01:06:12):
Yeah, I know, tell me.

Speaker 2 (01:06:14):
About it is I mean, obviously fourth is better than fifth,
but it's not as good as third.

Speaker 3 (01:06:19):
Is it?

Speaker 2 (01:06:20):
Like the podium?

Speaker 19 (01:06:21):
No.

Speaker 9 (01:06:22):
I had a little taste of the podium at Detroit
and it wasn't enough. I want more than that. I'm
really not content with coming third and fourth. For me,
the goal is to go out there and be fighting
for wins.

Speaker 2 (01:06:36):
How much of it is on the day luck. So
I look at some of your results, So you're fourth overall,
I mean, you've got to be pleased with that for
a start.

Speaker 9 (01:06:43):
Yeah, I think that's kind of exactly where I expected
myself to be. I didn't expect to be fighting for
the championship. I was an experience compared to the guys
ahead of me, had a lot to learn, had a
lot to develop, both on and off the track. But fourth,
I'm relatively pleased.

Speaker 2 (01:07:02):
With how many people that you race have raced there before.
Therefore are veterans, if you like business, guys like you
were in their first season.

Speaker 9 (01:07:10):
So there's there's quite a lot of rookies in the
in the championship this year, but a lot of them
have a lot more experience than a single seedar so
they have the full what was called the Road to
Indie program which is now USF Pro Championships, which young
limb Skeets and a couple other Kibi guys have come through,
so that program can last four or five or six years.

(01:07:32):
Even so, some of the guys might be coming into
their first Indie next season, but have raced in this
paddock and on these tracks four or five years already.
So to come in and try and catch up my
learning has been really difficult.

Speaker 2 (01:07:44):
Okay, four races remain in the season for you. Can
you do much with your fourth place with good results
in those four races?

Speaker 9 (01:07:53):
I think so, I think with if the overs continue
to go the way they do, I'd really like to
put some pressure on Collette and third, he's he's quite
a fair few points ahead of me. But if I
can put some pressure on him. Towards the end of
the year, maybe I'll be able to close that gap
down and get the Rookie of the Year.

Speaker 2 (01:08:12):
But the gap to the.

Speaker 9 (01:08:14):
Other cars behind me is fairly comfortable. So the goal
is to definitely consolidate fourth and try and put some
pressure on those guys in front.

Speaker 2 (01:08:21):
What about the other guys Scotty Mack and Dixon and
Armstrong and I mean it's the paddock is festooned with
Keiweis these days, isn't it. Do you run into them
a lot or not?

Speaker 9 (01:08:31):
You see Key, He's everywhere in this paddock, So it's
quite cool to go around and rub shoulders with guys
that are from where I'm from and have been there
for ten twenty years.

Speaker 2 (01:08:43):
I saw on a documentary not so long ago. I
can't remember where, but it was on Indy and the
number of New Zealanders behind the scenes that we wouldn't
realize aren't using it. It's extraordinary.

Speaker 9 (01:08:52):
How many news not just drivers, pitt crew engineers, people
that are living in Indy who did some indiecar stuff
and started up a life there and never came back
in the end.

Speaker 2 (01:09:04):
Fantastic. So do you write they are they helpful as
what I'm asking you know, Dixon, Scottie, Mac and stuff.

Speaker 9 (01:09:09):
I haven't really asked too much advice from any of them.
I tell a funny story like I was telling you
just before I met my racing one of my racing
heroes Scott Dixon and im Andy's while I was in
the ice bath at Pittford Training, which is where a
lot of the Indy Cars and Indy Next guys train.
So it's cool to be in there doing similar all

(01:09:29):
the same workouts as they are and been able to
benchmark myself against them.

Speaker 2 (01:09:33):
Fantastic that you never get used to an ice bath,
do you?

Speaker 9 (01:09:36):
No, never gets better, That's so true.

Speaker 2 (01:09:39):
So you're not sure you finish off the season, you're
not sure what next season holds for you yet, or
you do.

Speaker 3 (01:09:45):
Well.

Speaker 9 (01:09:45):
For me, the goal is to try and come back
to Indy Next and race with HMD Motorsports again. For me,
that that's a big thing is to be able to
come back in year two. Not a lot of guys
have managed to come through in year one and actually
put together a championship run, and for me it was
it was no different. I had a lot to learn,
a lot to develop or the testing that I missed

(01:10:07):
at the start of the year. I'll be able to
build on my season, hopefully get a slightly better preseason
and come out swinging next year.

Speaker 2 (01:10:14):
Because that was it was append of scientist. Was it
was appendix?

Speaker 19 (01:10:16):
Was it?

Speaker 3 (01:10:16):
Yeah?

Speaker 9 (01:10:17):
Yeah, his appendix and.

Speaker 2 (01:10:18):
That that that caused your problems. Did you see the
F one yesterday? George Russell? Tell me he got he
got the position taken away. He won the race, right, yeah,
he got the position taken away because the car came
in underweight. Put yourself in that position for a moment.
You've just won the race. It's the greatest race of
your life. You've just won it. They weighed the car

(01:10:39):
and it's underweight. What do you do?

Speaker 9 (01:10:41):
Not a lot you can do.

Speaker 2 (01:10:43):
I'd pack a sad I.

Speaker 9 (01:10:44):
Would I would be pretty pretty grumpy, but it is.
There's nothing really you can do.

Speaker 2 (01:10:50):
It is what it istimes.

Speaker 9 (01:10:51):
That's just how it is.

Speaker 2 (01:10:52):
Good luck with the final four races. You love America.
By the way, you're enjoying America.

Speaker 9 (01:10:57):
America has been a blast. You get to see so
much stuff that you wouldn't be able to see back
home in New Zealand. It's so different. But I think
the first time I saw a beach in the last
three months was in New Zealand. Here so as Vera
Clyde and adjustment, but loving it over there, love in
the place, love in the racing.

Speaker 2 (01:11:17):
Good well, lovely to catch up with your good luck
for the rest of the season. We'll get you in
again soon, Jess. Make good to see Kellum Hedge. It's
a twenty one the mic Hosking Breakfast.

Speaker 3 (01:11:25):
It's with Bailey's Real Estate News Talk Sippy.

Speaker 2 (01:11:29):
Now, if you're in business, you know it's all about
the money and if customers can't find you, you are
not making money. So this is where Speedy Signs come in.
They're in the business of helping customers find you with clear,
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(01:12:32):
dot m ZSKI. Greaties, good guys. Nickellum here. I hope
he does well for the rest of the season. Living
your dream getting out in newse New Zealander is getting
out in the world and living their dream. You can't
beat it. The latest three year cruise is running two
months late. This is a model that hasn't worked. So
these are the cruise ships they've launched. Somebody came up
with an idea a number of years ago and they said,

(01:12:53):
what do we put a boat out on the water
and people will buy it and they'll basically spend the
rest of their lives just going run around the world.

Speaker 21 (01:13:00):
I blew all my savings on that lifetime one, and
that never happened exactly, and I've just saved enough for
this three year one.

Speaker 2 (01:13:06):
Well the three year ones two months late. But they
do think they will go by the end of this month,
as in a couple of days time. This isn't Belfast.
But here's my problem. It's called First of all, it's
called Villavilleces, so small clue anyone who goes and calls
them villavis watch out.

Speaker 21 (01:13:27):
For did they come up with that name?

Speaker 2 (01:13:28):
It happier stuck in Belfast. Here's my problem with these cruises.
The boat looks crap. It's not one of those you know,
the modern cruise ship that you whether you like cruising
or not. I hate cruising. But if you look at
the modern cruise ship, it's gargantuan. It looks like a
floating city. There are thousands of people on board, there

(01:13:49):
are thousands of stuff. There are swimming pools and bars
and casinos and theaters, and you look like you could
potentially entertain yourself literally forever. But this one I'm looking
at Villa Via Residences, looks a lot like the inter
island theory, and it looks like after about a week
to a week and a half you'd go, there's not
much else to do on this boat, and I'm stuck

(01:14:11):
here for another two years and eleven months better, I
think is part of the problem. The model's wrong news
for you. In a couple of moments. Then we will
get into Kay and Rod Little.

Speaker 1 (01:14:22):
You're Trusted Home the News for Entertainments Opinion and Mike
Hosking Breakfast with Jaguar, The Art of Performance News Talks.

Speaker 2 (01:14:31):
He'd be twenty three minutes away from nine, the the
big talking point in Britain overnight as there stabbing. We'll
get to rodin just a couple of moments with some
of the final details. Here's a witness to it though.

Speaker 8 (01:14:40):
Hi, John, I'm any girls were left in that building
he was still in and I thought, I'm just gonna
kill him. All a nightmare, the biggest horrific thing you
could have a witness on your life, seeing that the
kids like that, and the parents come in and cry
and scream, and.

Speaker 2 (01:14:59):
So to de nine injured. Serena Kennedy is with the
Merseyside Police.

Speaker 23 (01:15:04):
My offices were called to reports of a stabbing at
eleven forty seven this morning and at address in Southport.
When they arrived, they were shocked to find that multiple people,
many of whom were children, had been subjected to a
ferocious attack and had suffered serious injuries. It is understood

(01:15:24):
that the children were attending a Taylor Swift event at
a dance school when the offender, armed with a knife,
walked into the premises and started to attack inside.

Speaker 15 (01:15:34):
International correspondence with Insurn Eye Insurance, Peace of mind for
New Zealand business.

Speaker 2 (01:15:39):
Here's twenty two minutes A wife and mine. Let's get
a brook Rod morning to you.

Speaker 12 (01:15:42):
Yeah, good morning tune.

Speaker 2 (01:15:43):
Give us the update on the stabbing. I mean, I
know they've got a seventeen year old.

Speaker 12 (01:15:47):
Do we have any sort of motive love whatsoever? So
far need to say, rumors are flying around on social media. Lastly,
because has been given. No background has been given about
the seventeen year old in question, and that always gets
tongues wagging. That being said, the last there was an
incident a little bit like this, which was a couple

(01:16:09):
of weeks ago, though by no means as serious as this.
It turned out that it was a member of the
Roma community and that was in Leeds this time. It's
difficult to know. These were kids. I mean they weren't teenagers.
They were six to ten year olds. And two of
them are dead, nine of them are injured, six are

(01:16:30):
in a critical condition. The police say it was a
ferocious attack. There was a Taylor Swift Them dance workshop
in Southport, which is a posh suburb of Liverpool, and
no indication whatsoever as to what the motive might have been.
A couple of parents who were there watching their kids

(01:16:51):
are also injured, and they're also in hospital. It's just
a grotesque and horrible event, but one which we're kind
of becoming increasingly used to in this country, much as
the Americans became the houstern in their country. Of course.

Speaker 2 (01:17:04):
Yeah, it's shocking. Rachel reeves the twenty eight and twenty
eight billion dollars in terms of a whole how much
Just let me ask you this before we get to
the crunchy of the numbers. How much of this beck
and forward is going on between labor. Oh my god,
I didn't realize how bad it was. Those Tories are dreadful.
They've lift us as a disaster and we're going to

(01:17:24):
have to do something. At how much of BET's going on, Well.

Speaker 12 (01:17:26):
Quite a lot of it. It's a little bit cheap.
Despite the extraordinary good will with which I think most
people currently need the present government, the new government, they
do have a tailwind. They have a lot of kind
of relief that we're out of that eternal circle of

(01:17:47):
competence with the Tories. And I suppose I think they
get away with it thinking that well, yes, that's exactly
what we'd expect the Tories to have done. I'm not
so sure about this, and I think she may be
caught out at some point by the by the various
budget overseers and so on, because I think there is

(01:18:08):
a there is a problem lead to blead the Tories
for announcing schemes and basically cutting and running. That being said,
it's pretty much with one exception a Tory budget which
is an It is quite remarkable that it took a

(01:18:29):
labor government which soon they mean cuts the winter fuel
payments for the elderly. That is quite remarkable and it
shows firstly how far which has a fiscal levers and
technically that they feel they can take these what will

(01:18:52):
be very very unpleasant decisions and very unpopular decisions and
get away with it because it got five more years
to go and a majority of you know, two hundred
or whatever. So I think there's a will. What will
might get more hackles risen. It's the twenty two percent
pay rise to young doctors. It was obviously crucial for

(01:19:14):
this Lib government, but they weren't going to suffer the
same continual strikes and threats of strikes from public sector workers.
And don't forget it was public sector workers who voted
labor into power. They are the party of public sector workers,
middle class public sector workers. It's no longer anything to

(01:19:34):
do with red walls or miners or people in men's stuff.
It's about doctors, teachers and so on, and they are
obviously going to be the focus of the government's large
deaths over the next couple of years. Twenty two percent
for the doctors. They'd asked for thirty odd twenty two
percent since to me, very.

Speaker 2 (01:19:53):
Generous, You reckon, you don't think there's going to be
a domino effective he got twenty two. I want twenty
two in the make next to me once twenty two
as well, and so we go.

Speaker 12 (01:20:02):
I think there's bound to be some sort of domino effect,
bound to be not so much around the twenty two
percent level, because the doctors really were out on a
limb asking for that, but there will be nurses, teachers
and all the care workers. Public sector workers will be

(01:20:24):
asking for pay increases which are probably rather more than
they would have expected to get. Frankly, they will obviously
ask for more money as a consequence of it. And
you know, the government is that it be known the
public sector workers are going to see a rise, so
it's a bonus for them. Meanwhile, the rest of the
country looks on a little warily, given that public sector

(01:20:50):
wages have risen far more quickly than private sector wages
over the last ten years, and indeed the balance between
the public sector and the private sector is tilted hugely
in favor of the private sector. The public sector runner.

Speaker 2 (01:21:04):
Exactly, mate, We'll see you Thursday.

Speaker 13 (01:21:06):
Appreciate it.

Speaker 2 (01:21:07):
Rod a little out of Britain. Just update you on
the Tory leadership race. Pretty Betels and mel Strides. And
since we last talked about it last Thursday, so pretty
Betels and mel Strides Injenrick Robert, Jenrick Tutenhat who is
one of Rod's mates, and James Cleverly, they're all in
and Kemy bad Knock can add her name to that
particular list. And also, since we last talked about it

(01:21:27):
last week, Eleanard Morgan is the new Welsh Leader. You
remember the old Welsh Leader guy called Gething, who Rod
described as completely and utterly useless, not to mention compromise
in a number of different areas. He quit after about
three and a half minutes in the job. So this
woman Morgan's got the new job. She's the Welsh Leader
and she first thing she did was apologize to the
Welsh people. We have not made a good fist of

(01:21:48):
things in the past few weeks and the Welsh people
are owed an apology and she gave one sixteen to
two THESS certain away from nine. Couple of questions for you.
So the news is running the story this morning from
the Financial Umberdsmen are the Financial Services Complaints, which is
a service of the Armbudsman Complaints and Financial Services. The
whole idea is apparently times are tied economically, therefore people

(01:22:10):
complain more. In theory makes sense, but their complaints are
only up six percent. How many complaints a year do
they receive? The answer is fourteen hundred and twenty six.
Not many complaints. You think about how many times we
do something financial. I mean we do something financial every
single day. Every single one of us does something financially
every single day. So to cumulatively come up with one
four hundred and twenty six complaints in the year is

(01:22:31):
hardly a big deal, is it. New disputes are up
ten percent to three hundred and fifty nine. It's less
than one a day. So in other words, I don't
think there's actually a problem. Largest proportion of complaints were
about consumer credit products, credit cards, and mortgage lines, so
I'm just not sure how busy they army is probably
good to have one, and when things go seriously wrong,

(01:22:51):
they can look into it and do something about it,
I guess, but I wouldn't have thought it's actually a
major story. Then we come to Fletchers, and Andrew alerted
us calliher money earlier on alert at us and am
I being unfair? So Fletcher Building, one of the biggest
companies in the country, have got problem with their cement
at the byment and they went to the market yesterday
and they said, look, we're going to be hit by

(01:23:11):
between somewhere between ten and thirty million bucks this year.
Why moving cement around the country is turning out to
be a problem. They've got a thing called the marine
vessel Alteriro a chief MBAC. It's owned and operated by
a third party provider. That in itself I would have
thought it's a bit of a problem. It's got mechanical problems,
it's stuck in Northport and they don't know when it's

(01:23:33):
going to be fixed. So your ability to move one
of your products around the country is now sort of
stuck because somebody you pay to do something isn't doing
it now. Is that, in and of itself a bit
of an issue you might want to think about. They're
thinking about other things apart from not knowing how long
it's going to take to fix. They're looking at greater
use of rail and roads you reckon as well as
coastal barging you reckon. Don't they have a backup plan?

(01:23:55):
Doesn't a large company? Am I just naive if I
was running a large company and one of the key
things involved in the running of that company was the
movement of a certain product, in this case, cement. Would
I not have some sort of contingency plan that should
that contractor ring me up one day and go, hey, Mike,

(01:24:15):
bit of a problem with the old movement here, I'd
have a plan. I'd go, well, first of all, you're sacked.
Second of all, here's my contingency plan, or here's where
I'm going and how I'm doing it, and here's what
I've thought of also looking at getting alternative cement supplies
from local or foreign producers, as well as looking for
a replacement ship, in other words, doing it themselves. I
assume that means does that just strike you as just

(01:24:36):
a little bit Jerry manned? Or as I say, am
I being unfair? Nine away from thee.

Speaker 1 (01:24:43):
The Mic Hosking Breakfast with a Vida, Retirement, Communities News,
togsad be.

Speaker 2 (01:24:48):
Look, here's the reality when it comes to business funding.
Other big banks hold all the cards. Of course, they
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So pay your provisional tax through taxi by the twenty

(01:25:30):
eighth of August and get ready to grow your business
the smart way. Here's you go. Here's where you go
for all the details. Go taxi dot co dot NZ,
Go taxi dot co dot n Z. Pasking Mike, you're
a hard man. I think that's the quote of the day.
Sack them. NA probably wouldn't sack them. It's probably a
contact that prevents them from sacking them.

Speaker 22 (01:25:50):
Mike.

Speaker 2 (01:25:50):
You might even think a third party contract would have
planned b. That's not a bad point. By scoring a
third party, Mike transport supply, they're more likely to say
thirty million every year, so one of twenty year problem.
I get what you're trying to say, which then brings
me to the other Fletcher's side of the story. Fletcher Building,
the subsidiary Fletcher Construction, is suing the two waterproofers. This
is the convention center. God, it will be amazing when

(01:26:11):
the convention center is open. I mean it's been I
think they started the convention Center in Auckland about the
same time as they started the coliseum in Rome. I
think it was about the same day or certainly within
the same way.

Speaker 21 (01:26:21):
Quite a long time after they started the CURL.

Speaker 2 (01:26:23):
Yeah, quit quite a long time after the CRL goes
back to BC. No, well back before BC anyway. So
they've got the convention Center in Auckland. So there's going
to be a fourteen week trial. They're chasing three hundred
and twenty one million dollars. There's a couple of companies involved.
This is more contracting subcontracting. There's a company called MPM Waterproofing,
and there's a company called JEL Waterproofing, and so they

(01:26:44):
hired MPM, but then MPM went and hired JL and
then when they went to sue them, the two companies went, oh,
what we needed two different trials, and so the judge
had a look at that when and I think we
need two different trials, Thanks very much.

Speaker 16 (01:26:55):
Yeah.

Speaker 2 (01:26:56):
So fourteen weeks of this and the convention, it's just like, geez,
how complicated do you want to make life? Get yourself
a breakfast show? For God's sake, All you gotta do
is tell the time five minutes away from nine trending.

Speaker 15 (01:27:08):
Now we have Gills Warehouse, stop paying too much.

Speaker 2 (01:27:12):
Now, Amazon, they're back with another crack at Lord of
the Rings The Rings of Power, which is the most
expensive television show ever. Season one bark like a dark
hou Only thirty seven percent of people who started the
show ended up finishing it. What's the number for it?
This show? It's ninety is still ninety eight plus per morning?
Yeah exactly, I think it was. Last time I checked,
it was ninety eight point ninety seven percent of people

(01:27:33):
who start the show at six finishes at nine. You're
there for the long haul. I Love You to Death
of You Lot Season one flop, complete flop, but they're
still spending another four hundred and eighty million dollars on
season two.

Speaker 11 (01:27:46):
I have walked across mountains and deserts.

Speaker 10 (01:27:51):
To help my friend find his destiny. One of the
feet of the world may depend on.

Speaker 3 (01:27:56):
Is it my task to stop the fire?

Speaker 24 (01:28:00):
To my task to face so long, to try and
cheat to death, my tea to an even better catastasy.

Speaker 3 (01:28:12):
Father, take off the ring.

Speaker 9 (01:28:14):
There are always so who guys off.

Speaker 3 (01:28:20):
For shame. You will give me the night.

Speaker 2 (01:28:30):
That's what four hundred and eighty million dollars sounds like.
Twenty ninth of August, season two, that was the one
that was pulled out of this country. Remember when they
decided to up one day and just leave and they
went off to they were of about that probably rubbish.
Right up, You can leave now because this last couple

(01:28:55):
of seconds isn't that good? Back tomorrow morning at six days.

Speaker 1 (01:29:02):
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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