Full Show Podcast: 31 July 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities, the big names. Talk to
Mike Breakfast with our Veda retirement, communities, life, your way
news talk said v is.

Speaker 2 (00:12):
The end of the game.

Speaker 3 (00:13):
Frame seven side wins goals. They beat Canada nineteen twelve.
Two good in Tokyo, perfect in Paris. New Zealand win
gold the first of these Olympic Games. Scenes of triumph,

(00:35):
edulation New Zealands. They embrace for at least two of them.
Woodman Mackcliffin King. It is the Inns and modern theme.
Tyler King. Who that's who you're yelling and cheering and
wolfing in our sound effects. She's lying on Star de France,
elated if ial acted the Stevens Flyers to win a

(00:58):
gold medal for a country, Hosking.

Speaker 2 (01:01):
Here we go, morning and welcome today. We've got democracy
back in the mari Wards. We're going to talk to
the head of triathle on New Zealand. That's a complete
shambles in New Zealand bailing on their climate targets. Mark
and Jenny will do politics Wednesday after eight, of course.
Mitch mccannon the States and Steve Price for Us in Australia,
pasking so in eight minutes past six, So welcome also
to tax cut Day. Been a while since we've been

(01:22):
able to say that. And the tax cuts arrived to
an uncertain sort of debate as to what exactly they
do I mean, do they add to inflation? Do they
change lives to the extent that they are material to
most people? Do they get lost a bit in what
has been a tsunami of changing upheavle since the new
government arrived. Nicola will is very bullish about it all
and tells question Time most days that well over half
a million people have gone to the tax calculated to

(01:44):
work out what the numbers mean to them. The bit
for me that counts today, though, is the message. If
we learned anything over the past few years, it's the
simple truth that there is no amount of money a
government can spend to quell demand. You can take gargantuan
amounts of cash, whether in real time terms, will borrow
to print it, and throw them all over the place,
and still you will find more hands with more needs.

(02:05):
It is a dangerous and slippery slope that we went down,
and we're still here this morning paying the price for
it all. What government should do is take as little
as possible from you and me, and whatever they do
get spend wisely and frugally. We are not a bank,
and yet we have been treated as such. The debate
over the so called wealthy not needing money is pointless.
The debate over those who are in need still being

(02:26):
in need as pointless because it is predicated on the
idea that one government's console hall problems and to a
finite amount of money. Does that Neither are true. What
is true is workers need to keep as much of
their income as possible, and that is a rule that
is too often forgotten and broken. The top rate in
this country is thirty nine cents in the dollar add
fifteen for GST. You're paying well in excess of half

(02:48):
of every single dollar you earn to the government. And
that's before you get to the tax on the tax
and the road users and the acc and all the
other money grabs. So tax cut day counts because it's
a small win for those of us who graft in
paid this country's bills. The knit contributors is opposed to
the knit ditters, and wins a few these days. So
therefore wins are important.

Speaker 4 (03:11):
News of the world.

Speaker 2 (03:12):
In ninety seconds, you're still reading in Southport after yesterday's
detecht to Pilham arrived to show respects.

Speaker 5 (03:17):
As Prime Minister on behalf of the country. We are
grateful for what they did. They of course say that
they will respond their professionals to anything, but there's no
pretending that what they had to respond to yesterday was ordinary.
It was very, very difficult of them.

Speaker 2 (03:32):
We have a witness.

Speaker 6 (03:33):
There's just this guy there at the top of the stairs,
just in a full tracksuit with this hood up with
a knife and it's like it's like he maybe didn't
realize that I was going to be in there, but
we've looked, We've looked at each other. Then he's scurried
off to the side.

Speaker 2 (03:46):
We have a dead He.

Speaker 7 (03:47):
Always can feeld help.

Speaker 8 (03:48):
When it happens so locally to you on the streets,
you know potentially people.

Speaker 7 (03:53):
Then you may know you want to do something.

Speaker 9 (03:55):
And I don't know what else you can do at
the moment other than just try and pay your respects
in some way.

Speaker 2 (04:00):
And then a couple of things from the sites that well,
they're still asking questions about Butler and the shooting cruise
VID the Secret Service.

Speaker 10 (04:07):
Is that right that repeatedly the Trump detail asked for
more resources and repeatedly Secret Service leadership turned that down.

Speaker 2 (04:15):
That is not accurate.

Speaker 7 (04:16):
Senator assets are requested. There's a process that has made.

Speaker 2 (04:21):
Then the Donald has gone into defense might of aage
id in cats.

Speaker 11 (04:24):
I mean for him, he likes family.

Speaker 12 (04:26):
I think a lot of people like family, and sometimes
it doesn't work out, and you know why, you don't
meet the right person, or you don't meet any person.
But you're just as good in many cases, a lot
better than a person that's in a family situation.

Speaker 2 (04:38):
He's a philosopher ist. Hegan Kamal has been on Zoom Calls,
Rising Money, one Call, four million.

Speaker 13 (04:43):
Donald Trump is a thirty four time convicted felon, an
adjudicated rapist, and a congenital liar.

Speaker 4 (04:50):
He's a fraud and JD Vance is his mini me.

Speaker 2 (04:56):
Finally, Cambridge Dictionary's added some gin z slang to the
land wuage This morning, what have we got, We've got
the yck, We've got that eck when you get a
bit disgusted by someone that you're dating and doing something
you don't approve of. Examples in the dicty include being
root to wait staff and eating noisily. Second they've added
is boop A boop, a gentle tap on someone's nose,
cambroducing an example of a golden retrie. They're doing it

(05:17):
a boop. Third, we've got Chip's kiss, which is when
you think something, usually food, is perfect. It's the chef's kiss.
News of the World with ninety by the way, just
breaking at about twenty to six this morning, the Israelis
have gone into well not literally gone, and they've thrown
a bomb or two into Bayroot, Southern bay Roots, so
that response has begun, so we'll keep an eye on

(05:37):
that throughout the morning. Twelve past six, the my Costing
Breakfast Eero Zone numbers out overnight zero point three percent
growth on the second quarter. They thought zero point two,
so they're doing okay. We'll take that. Fifteen pars six
from jam I Well Names with Keller Hurt.

Speaker 11 (05:52):
Good morning, very good, Bonnie, mind you.

Speaker 2 (05:55):
Wears update as what's going on?

Speaker 14 (05:57):
Oh, start off at the start, Michael, What is going
to be quite a pivotal two to three days, not
only for the share market, but for interest rate direction
as well, because starting from now.

Speaker 11 (06:07):
This week we have got a whole raft of.

Speaker 14 (06:11):
Economic announcements of company announcements of central bank announcements that
I think are going.

Speaker 11 (06:17):
To move market.

Speaker 14 (06:18):
So buckle in for a bit of volatility between now
and the end of the week, because first up you've
got a lineup of the central banks. You got Bank
of Japan, you've got Bank of England. And then Thursday morning,
our time, we've got the most important one of this
Federal Reserve because it's key for interest.

Speaker 11 (06:32):
Rates around the world.

Speaker 14 (06:33):
Now, they're probably going to hold that Fed funds rates steady,
so no move, but markets are looking for confirmation of
where that Fed funds rate is going to go between
now and the end of the year.

Speaker 11 (06:44):
That could move.

Speaker 14 (06:44):
US interest rates, and particularly long term rates here are
sensitive to moves in US long term rates, so we've
got to cover that.

Speaker 11 (06:52):
Then we've got economic data that's important between now and
the end of the week.

Speaker 14 (06:55):
A key piece of data outfright of not US non
farm payrolls. US labor market data very important for the
Fed because we've been talking about this soft landing for
the US economy. The labor market is important component that
overnight MIC we've had what are called jolts, well, that's
the job opening data. That number sort of a precursor
to non fum paril Sin's coming higher than expected, which

(07:18):
means which suggests strength in the US labor market, which
is kind of not consistent with the recent softening of
data that we've seen over eight million open positions over there.

Speaker 11 (07:28):
The previous month was a rise higher.

Speaker 14 (07:30):
As well, but the unemployment rate was a little bit
higher than expected.

Speaker 11 (07:34):
So you know a little bit of both sides there.

Speaker 14 (07:36):
And to keep us on our toes mote, these company
results keep rolling in and it's packed over the next.

Speaker 11 (07:41):
Couple of days.

Speaker 14 (07:42):
You've got four of the magnificent seven reporting. You got Amazon, Apple, Microsoft,
and Facebook, so we're going to have to cover those
as well. In the Nasdaq, the Tech index, as we
look at it overnight, it's quite a bit lower.

Speaker 11 (07:54):
It was getting up to sort of one and a
half percent. Fall has brought.

Speaker 7 (07:58):
That back of it.

Speaker 14 (07:58):
That's because in Nvidia, another one of those big tech megacaps,
that's currently down six percent in trading overnight, dragging the
whole tech sector down.

Speaker 11 (08:06):
So a lot going on and will keep you posted
over the next couple of days.

Speaker 2 (08:09):
Which stuff. Then we come to the hard landing from
me and you use a little bit of a reality check.

Speaker 14 (08:13):
Yeah, exactly, So, so pivot away from US and offshore
markets and we come to these emission targets. Interesting development
as on yesterday announced that it's withdrawn from its twenty
thirty carbon intensity reduction target. It will also withdraw from
what I call the Science Based Targets Initiative. So that's
a UK based initiative. It promotes science based targets for

(08:35):
companies with what it says is a clearly defined path
to reduce emissions in line with the Paris Agreement goals.
According to their website, they got over five thousand businesses
around the world working with that initiative. Now, basically what
ends in saying Mike, is that it can't manage the
factors that it needs to be able to manage to
achieve those targets. And it's quoting factors such as availability

(08:57):
of new aircraft that can't control that ability and availability
of alternative jet fuels, global and domestic regulatory and policy support.
So there's all outside of their control and remained challenging. Now,
challenging is the highlighted word of the year in business commentary.
We're seeing it everywhere. But this follows on from a
recent decision in Australia by Forteskew basically pulling back from

(09:21):
its green hydrogen development as well. So look in a
nutshell might what both of these decisions are highlighting is
this transition to green technology, to low carbon emissions, to
making those targets.

Speaker 11 (09:35):
It's complicated and it's hard.

Speaker 14 (09:38):
And the other thing though, this transition if they want
to make those targets, and you probably don't want to
hear this, it may need further regulatory support and potentially
further government investment to actually hit those targets. Which, yeah,
exactly which and who pays for that?

Speaker 10 (09:54):
Right?

Speaker 2 (09:55):
Who pays for What are the numbers?

Speaker 14 (09:57):
Okay, the dow Jones is the down jones actually going
the opposite way from the NASDAK because it's got less
impact of the tech comes. It's up two hundred and
seventy points half a percent forty thousand, seven.

Speaker 11 (10:08):
Hundred and forty seven.

Speaker 14 (10:10):
The S and P five hundred down thirty five point
six percent five four two eight, the NASDAK down one
hundred and eighty six points as we look at it,
seventeen thousand, one hundred and eighty four, the fort to
one hundred down eighteen point sever night. That's about point
two percent eight to seven four. The NIKA gained point
one five three eight five two five was to close there.
Shanghai Composite down point four percent to eight seven nine

(10:33):
the ossis yesterday they lost just under half a percent
on the A six two hundred seven nine five three,
but we went the other way. We gained points six
percent on the ins of X fifty, closing up seventy
seven points twelve thousand, three hundred and ninety one. Kimi
dollar has bounced a little bit point five nine zero
zero against the US point nine zero two to one
against the OSSI point five four five six euro point

(10:55):
four five nine eight against the pound ninety point three nine.
Japanese Yen gold is training twenty four hundred and five
dollars and break Crude continues to just drift lower seventy
eight dollars and eighty seven cents.

Speaker 2 (11:07):
You go well, mate, Andrew Kelleherjmiwealth dot co dot m
Z posking is HARENI postmatch.

Speaker 15 (11:12):
To be honest, I'm bloody, sore, my face hurts, but
I'm so happy. I don't even know how to put
that into words. Literally, what this crowd has done for
us over the last few days, what Altia or it
does for us on the daily they get up in
the middle of the night to watch us. We feel you,
we hear you, we see you. This one's for you, guys. Huh,

(11:33):
we're bringing that gold medal back to Altia Or.

Speaker 2 (11:35):
Let's go very articulate. We like your style will cover
the ceremony when it unfolds as well. Six twenty one
on the mic, asking breakfast forget about a place.

Speaker 4 (11:49):
The mic hosking breakfast.

Speaker 2 (11:51):
Good feedback this morning so far, Mike, I think the
text cuts are great. It's a shame that mine will
go straight to the local and regional councils thanks to
their increases. That's the great problem, that's the great dilemma
we're currently facing. John, its insurance and its council rates.
Will talk more about that, because ironically, the councils of
whining yet again about their relationship with central government. Mike,
the tax cut is simply giving us back more of
what we earn instead of taking more of what they earn.

(12:13):
It won't create inflation, but it'll be used to purchase essentials,
or if you're a rate payer, it'll be used to
pay your rates. Well, everyone's pretty much a rate payer,
aren't they, one way or another. But centers, it's not inflationary,
this argument that it's inflationary. Treasury even Treasury says not inflationary.
The government have saved enough money to make it not inflationary.
Make Why is New Zealand media ignoring the rex aviation collapse? Collapses?

(12:34):
Probably at this point too strong a word administration. But
we'll cover it off with Steve. Don't you worry. We'll
cover it off with Steve later on this morning, six
twenty five.

Speaker 1 (12:43):
Trending now with Chemist Warehouse, great savings every day.

Speaker 2 (12:48):
All sorts of interesting stories to come out of the
game so far. What about Jess Fox, the Olympic flag
bearer for Australia. She's in the canoeing, she claims her
first gold at the game. James, who's the commentator to
Dead Richard for Channel nine.

Speaker 16 (13:04):
So here's Jess Fox. She's fluent in canoe slalom chasing
this missing piece in the trophy. Cabinet support is strong
as his, Yess, She's on her way.

Speaker 17 (13:17):
Come on, Jess, let's go fine on Gate on her
way to a finish.

Speaker 3 (13:20):
The time is going to be fast.

Speaker 17 (13:21):
Have a look at that ninety six alights thumbs up
from our college next door, flags waving in the crowd,
and Jessica Fox has claimed the missing piece to win
the Olympic gold in the kwan.

Speaker 4 (13:38):
Let's have a hundred monsieur kude. Oh my god, unbelievable,
what a running, Oh my gosh. Okay, go you go.

Speaker 16 (13:47):
I'm done.

Speaker 2 (13:52):
He's off to see his daughter and good on him.
By the way. The other international story this morning, you
need to give an eye. Apart from bay Rout, which
the Israelis have just gone into is Venner's Tala. More
and more people are deciding that what happened in Venezuela
on Sunday their time Monday our time isn't kosher, and
Maduro is not the winner. In fact, one of the
reports I was reading yesterday it suggested that the opposition
of claiming they got in excess of seventy percent of

(14:13):
the vote, and so any number of international communities are
getting diplomatic about this. Certainly the South American excuse me, countries, Chile,
Costa Rica, Panama, Paru, dom Dominica, Republic, Uruguay, they're all
withdrawing foreign affairs people and they're all demanding that numbers
get released and ballot boxes get opened, and somehow Maduro
proves that he has actually won the election. Meantime, half

(14:34):
the populations on the street and the military is there
as well, So that's unfolding at a rate of knots
and in not a good way. So something to keep
your eye on there as well. Meantime news is next.

Speaker 1 (14:46):
The Breakfast Show You Can Trust, the Mic Hosking Breakfast
with Jaguar, the Art of Performance News.

Speaker 2 (14:52):
TOGS had been about to hand out the gold medal,
so we'll have a little bit of something for that
for you in just a couple of moments. A lot
going on in the States at the moment. The Secret
Service rulled once again over the ineptitudes some of the
paperwork that was released yesterday as regards what the Secret
Service were watching with that kid crooks. What they knew
and what they didn't do is just astonishing to read.
So anyway, more from Rich mccahn. Shortly meantime, A and

(15:14):
Z have made a couple of revised looks at the economy,
or off at a couple of revised looks at the economy.
Three key forecasts won the national house prices they think
will be going down one percent for this year. It
was up one percent. They now think down one percent.
It's going to look better next year significantly. They did
think it would increase house prices by four percent. They're

(15:34):
now saying four and a half percent for next year.
They're now going from and this was almost inevitable. The
Reserve Bank, when do they cut? They were saying February,
They now say November. Let's see if they're right. Twenty
two to seven s when your houses homelans another lending
should become a little bit easier. As of today, we've
got changes to the flame Triple CFA, that cock up

(15:55):
from David Clark, the Credit Contracts and Consumer Finance Act COMMA,
some Consumer Affairs Minister these days. Andrew Bailey's well, it's Andrew,
very good morning to you. Hey, good morning, Mike. It's
not like this hasn't been messed with over and over
and over again. Have we messed with it one last time?

Speaker 18 (16:11):
Well, yes, I think so. We're removing eleven pages of
overly prescriptive stuff out of the requirements and that's going
to make it easier for people to be able to
get finances that's the bottom line of what we want
to try and achieve.

Speaker 2 (16:24):
Are you still protecting those who were supposed to be
protected in theory in the first place.

Speaker 18 (16:29):
Oh yeah, that's always been the case. I've always been
concerned about making sure that people are not getting ripped off,
and so you know, there's still this strong underlying requirement
that people have to do proper affordability tests if they
think it's necessary. They can't get away without. There's high penalties.
And I've also looked to strengthen up the dispute mechanisms.

(16:50):
I've standardized or dispute mechanisms can now ward damages up
to five hundred thousand. So we're and I'm looking to
do a little bit more around that. But it is
a balancing out between making sure people can get access
to credit easily and also making sure that people are
not getting subject to bad practices.

Speaker 2 (17:08):
Are the banks on board because the bank screened and
said this isn't going to work, Clack didn't listen. Are
they on board now?

Speaker 6 (17:14):
Oh?

Speaker 2 (17:14):
Very much so.

Speaker 18 (17:15):
And also during the process, I've involved a lot of
the consumer advocacy and budgeting people. I've actually had them,
They've been party to developing the Responsible Learning Code, which
we've updated. So you know, I've always tried. I've tried
to balance it across across post areas. So people want
finance people or lending people want this. I'll give you

(17:37):
an example. I went to tear I moved to a
great protruential town and I spoke to a land of
there and I said, how long does it take you
the process of five hundred dollars a loone? And they said,
what is to take one to two hours? Now it
takes eight to ten hours. And the last time I
spoke to them a couple of months ago, they had
put their minimum amount that you could borrow three thousand bucks.
So you mentioned a few you can't breaks down overnight

(17:58):
and you've got to get the kids to scooed and
you need six hundred backs. With the hell did you go?
You couldn't go to and you wanted to get that
small amount of money. And we're not talking about people
like you don't need it. We're not talking about people
who have got more overdrift facilities sitting around. They can
just call on these vulnerable news leanders. So that was
the worst thing. That was a pernicious thing that these

(18:19):
rules did. They actually made it hard for the most
vulnerable key people at a time when they really need it.

Speaker 2 (18:24):
Finance exactly. Glad you fixed it. Hopefully it works. Andrew,
appreciate your time. Andrew Badley, the Commerce and Consume Affairs Minister,
with us this morning. Let's get to the stage shortly twenty.

Speaker 4 (18:32):
Two the mic Costing Breakfast.

Speaker 2 (18:36):
Now, as you went closer to retirement, it's natural to
start thinking about your finances. Of course, those questions that
you know pop up from time to time, especially with
the day's cost of living. How much am I going
to need? Have I got enough? How long will it last?
They're pretty confronting questions, of course, but you're not alone.
So they're on most people's minds as retirement approaches. And
while it's difficult to answer the questions, for sure, the
expert team at Milford can help guide you in the

(18:57):
right direction. Because Milford's award winning investment expertise, their focus
is on risk management and the years of experience and
financial advice, you can be well on your way to
making the most of your savings. So why would you
want to wait? Talk to the experts to learn more.
See their financial advice provided disclosure statement. Here's where it's
at Milford asset dot com slash retire well. So just

(19:17):
think about that and write it down. You got it,
Milford Asset dot com slash retire well. Asking this is
what a gold medal ceremony for New Zealand sounds like.

Speaker 3 (19:39):
He's hell and stands on the Olympic Daisies Champions Porscha
Woodman Wetcliffe now retired closers with a gold medal. She
inspects it, She smiles.

Speaker 19 (19:56):
She can't.

Speaker 3 (19:57):
You can't wipe the grin off your face.

Speaker 1 (20:00):
It's a national correspondence with ends and eye insurance, peace
of mind for New Zealand business six forty five states.

Speaker 2 (20:05):
So much mccamn morning to your mate.

Speaker 20 (20:07):
Morning Mike, How I am?

Speaker 2 (20:08):
You're still in New Zealander? You got a green cart
never coming back? You still like a gold medal ceremony?

Speaker 19 (20:13):
I do?

Speaker 21 (20:14):
And finally I tell you what yesterday the American colleagues
that we celebrate bronze medals in New Zealand, and they
laughed at me.

Speaker 2 (20:22):
How big of do you'll just off the top of
your head? Is the Olympic state side on a daily basis,
If you're wandering down Madison Avenue.

Speaker 21 (20:28):
It is a lot bigger than I thought. And I've
been surprised at the amount of shops that get on
board with selling Olympic branded clothing. Everywhere I work opposite
in Macy's and Herald Square, they are selling so so
much USA teen USA merchandise.

Speaker 2 (20:43):
Okay, Now, Secret Service, we heard a little bit from
the back and forth that they're back. Have you read
the grassy stuff that got released yesterday? I mean, what
a bunch of incompetent buffoons.

Speaker 21 (20:52):
Yeah, and look, the Secret Service acting director has been
back in front of the Senate today. You'll remember that
meeting they had last week with the director that saw
her resign. There was little information, if any offer there.
Today we've seen a little more information shouldn't emerge and
this has been a fiery hearing this morning. Donald row Junior,
he's the acting head of the Secret Service. He told

(21:14):
lawmakers he's been back to the roof where this shooting happened,
and he said what I saw made me ashamed. And
when it comes to the question where were those Secret
Service snipers, why weren't they on that roof? He's really
passed the buck to local law enforcement. He said, they
made an assumption and that we assume that the state
and locals had it sorted, which obviously they didn't.

Speaker 2 (21:35):
Make no exactly. Then we come to kalm La and
her phone calls how much I don't want to be
seen as a conspiracy theorist here. How much of this
money is genuinely new versus money that was just blocked
up until Biden got out of the way and then
suddenly they started giving it again.

Speaker 21 (21:52):
Well, the Democrats say sixty percent of this money is
new money from first time donors, people that haven't donated
before that have been re energized by this Kamala Harris campaign.
Yesterday they came out and said that she's now raised
two hundred million dollars in the first week of her candidacy.
And we've seen these different groups gather on zoom. So
there's been black women for Karma, there's been black men,

(22:14):
South Asian Americans have all come together. And last night
there was a bit of unusual fundraiser are sixty thousand
people logged into a Zoom called white Dudes for Harris
and they raised these White Dudes Mike raised four million
dollars for her, and they believe it's a moment to
prove that Donald Trump doesn't own the votes of white men.

Speaker 2 (22:32):
Yeah, it's a very big it's a large amount of money.
Roy Cooper, by the way, pulled out in the VP
race yesterday. When are we expecting that announcement and does
she still have a quality feel to choose from well
in the coming days.

Speaker 21 (22:46):
We're expecting it because it's been reported now she's going
to go on a background state tour next week with
her VP nominee, so we can expect possibly the next day,
the next two days. The front runners at this stage
Mark Kelly Arizona, Josh Shapiro Pennsylvanya. He's getting a lot
of credit. These are both sort of reasonably well known people,

(23:07):
especially Shapiro in Pennsylvania. This is a state that Democrats
really need to win, and they feel that if they
pick Shapiro he could be the one to take them
over in that state.

Speaker 2 (23:17):
All right, good stuff, make go well, catch up soon,
Match McCann out of the states bru's this morning, And
in doing my reading as I have been, every one
of the vps is a very good fundraiser. So they're
placing a tremendous amount of emphasis on money. Money doesn't
buy you in an election, but it helps Roy Cooper goes.
I strongly support VP Harris. I know she's going to win.
I was honored to be considered. This just wasn't the

(23:37):
right time for North Carolina or for me to be
potentially on a national ticket. What I can't work out is,
though you're not on the national ticket because you think
you're going to lose in reality and you don't want
to be tainted by that. Or do you get on
the national ticket if you can, knowing that the party
will thank you for it no matter which way it goes.
But then we get to the business of this paperwork
from Chuck Grassley's office, text messages and radio chatter between

(23:59):
law enforcement on the day of the shooting. This is crooks.
I mean, you never underestimate. Here's what I've decided post COVID.
Never underrested. This is global, never run and you can
do it with the Seine River as well in the
French and all their cardboard beds and all the other
crap that's going on at the moment. Never underestimate, just
plain incompetence and laziness. If you're looking for some sort

(24:21):
of sophisticated plot as to why things didn't happen. Never
rule out just idiots are running the place, So what
grassly released? Yesterday? Enforcement officers knew of and raise the
shooter's presence at the rally more than ninety minutes before
he climbed on the roof five fourteen pm Local time.
Officer takes photos of them. They take photos of crooks

(24:42):
sitting outside kid around the building we're in. I did
see him with a range finder looking towards stage. FYI,
if you want to notify SS snipers to look out,
I lost sight of him. Five point thirty eight. Beaver
County sniper sends the photos of crook's to Beaver Butler
and Washington Snipers group Chat five forty. Call it into

(25:06):
command and have a uniform check it out five fifty one.
Ten minutes later, an officer sends the images to a
second group chat, tells the other members to ford it.
If you want to send this to whoever at command.
Someone responds at five fifty one cent lost track where
crooks had gone just fifteen minutes before shooting. They're asking
for a direction of travel five fifty nine. Someone responded

(25:28):
a minute later, not sure he was up against the building.
If I had to guess towards the back away from
the event, and you wonder why it all went wrong.

Speaker 1 (25:37):
Ten to seven The Mike Hostle Breakfast with Flies, Real
Estate Hughes Talks indeed backs up what.

Speaker 2 (25:44):
I have been saying for a number of years in
this country, Mike. The afour airlines are rex Avigation. In
Australia's gone into administration. There are four airlines quantus including Jetstar,
Virgin Rex and bondser two airline groups for twenty six
million people's twenty seven now. Hence we're unlikely to see
any further airlines in New Zealand with five million people.
And to suggests the same applies to the supermarket. It's
what I'm saying in many areas despite everyone going there

(26:04):
must be a problem, there must be a problem. The
only actual problem is we don't have enough people. Then
we come to this myopic obsession some of the media
have at the moment over whether Retty was right around
health is a fourteen layers of management is at twelves
at thirteen. I don't care. I don't care, and stop
being so bloody my oper and staring at your belly
button and cover the actual story. What's the actual story?

(26:26):
The actual story is.

Speaker 22 (26:28):
Outlined by the Prime Minister this way that a patient
it interacts with a team member. The team member reports
the team supervisor, who reports the team leader.

Speaker 7 (26:36):
A team leader reports to the assistant manager.

Speaker 22 (26:38):
The assistant manager reports to the manager, who reports the
service manager, who then reports.

Speaker 7 (26:42):
The general manager. The general manager.

Speaker 22 (26:44):
You might be asking who do they report to, Well,
they report to the group director of operations, and of
course they report to the regional director, the national director,
eventually the chief of staff, then the chief executive, and
of course they reports the chair and the board.

Speaker 2 (26:55):
Now, the fact that that's fourteen doesn't matter. What matters
is when you listen to that and this is the
real story. When we spend thirty billion dollars on health
in this country, does that list of people strike you
as good, cutting edge frontline healthcare or a shambles five
away from seven, the ins.

Speaker 4 (27:14):
And the outs.

Speaker 1 (27:15):
It's the fiz with business fiber, take your business productivity
to the next level.

Speaker 2 (27:20):
Right rents, they're up being a landlord, ain't easy. Census
darted this morning. So what that tells us over two
million dwellings in this country of those two million, six
hundred and sixty thousand are rented, is about one point
three million tenants in those rental accommodations. Reason there isn't
more is because of what they call the yield gap.
Now this is coming to us from core Logic this morning.

(27:41):
Average rental property yield is three percent, while your mortgage
for the average two year rate is currently seven percent.
You see we were going here, that's four percent gap.
That gap is the widest it's been since two thousand
and eight. So it ain't easy being a landlord at
the moment. Currently twenty one percent of residential buyers or
investors are whereas the norms between twenty five and thirty.
So it's hard work being a residential investor at the moment.

(28:02):
Hence they're not so Rents where are they going?

Speaker 13 (28:04):
Up?

Speaker 2 (28:04):
Westland up twenty three percent, rote A Ruer up eleven,
up a hut Nelson Palms to the North up ten, Hastings
up nine, New Plymouth up eight, christ Ditch up seven.
Rents on average went up six percent in May, which
is almost double the long term average increase of three
point two. So you've got this sort of this betwixt
between business you're screaming about your rent, and quite rightly,
who wants rents going up? Because there it's inflationary. Every

(28:26):
time your rent goes up beyond the rate of inflation,
it's inflationary. Meantime, you got your poor old landlord who's
busy paying seven percent plus on the mortgage and not
getting a return. So you think, well, I'm better off
just sticking cash in the bank. I'll click the property,
stick the cash in the bank. And that's part of
the housing dilemma slash dichotomy at the moment. Right, then
we come to speaking of local governments and rents and

(28:47):
rates and all that sort of thing. Then we come
to the bitch session we have currently between local government
and central government, and local government going yeah, you can't
in again any extentive and so they want to run
more of their own lives until you you come, of
course to the Maury Wards Bill, which got passed into
law yesterday, at which point the local councils then go,
why don't you leave us alone? Just leave us alone

(29:08):
and let her do our own thing. When it comes
to money, help us out, but when it comes to
other decisions, leave us alone. So there's another dilemma come dichotomy.
Simming and Brown on this in the next half hour
of the program. And then the head of Try New
Zealand or Triathlon New Zealand. And when I say Triathlon
New Zealand, it could actually be Duathlon New Zealand, so
his title make change in the next half hour. Anyway,

(29:30):
all of that after the News, which is next.

Speaker 1 (29:33):
The Big News, Bold Opinions, the mic Hosking Breakfast with
Bailey's Real Estate doing real estate differently since nineteen seventy
three news togsad.

Speaker 2 (29:44):
Be only seven past seven. The central local government angst
continues this morning. We have any report it's by the
Institute of Economic Research that finds millions of dollars of
being imposed on council through a one size fits all approach.
Are the organization's calling for unfunded rules and responsibilities to
win the local government Minister Simeon Brown is in charge
all this, of course needs with us. Good morning. Do
they have a point?

Speaker 23 (30:05):
I think in some areas they do. But the other
point I'd make is local government needs to do what
or the central government has just done, which is go
line by line through their expenditure and find savings to
stop passing on such significant rate increases to rate paths,
which is what we're seeing this year.

Speaker 2 (30:20):
And is that part of the problem. They've shot themselves
on the foot and they don't actually have a leg
to stand on at the moment.

Speaker 23 (30:24):
Well, the reality is on the same day that we
as a government are providing tax relief to New Zealanders
local government New Zealanders coming out where the report yes
to some good points around the imposition of costs, but
they're still advocating for more speed, for more speed limit reductions.
They're still advocating for speed bumps everywhere. They're still advocating
for the stiper lands everywhere. So they need to get
their priorities in order, some core business and stop wasting

(30:47):
money is one of.

Speaker 2 (30:48):
The points they make. In the previous government they said
change all the science for speeds and stuff, and now
you're going backwards. So there's a bit of back and
forward depending on what central government of the day does
they incur cost Well, I wrote.

Speaker 23 (30:59):
To alls just after the election, I said, look, we're
going to change the rules so you know, tie hoe
on slowing people down. And some councils continue to put
speed limit reductions in place, that's a choice they made.
I made a repair and look we're going to make
funding available through the Land Transport Fund the support councils
are to reverse those speedingments. But ultimately we're afflicting what
New Zealanders voted for at the last election and delivering

(31:22):
on our promises.

Speaker 2 (31:23):
What about things like fines and their ability to set finds?
Is that fair or not?

Speaker 23 (31:27):
I think that's a fair point. And there I think
is cost recovery for particularly some of the areas around
our local alcohol policies and rules, having cost recovery is
an important principle. There's things we can look at and
I think there are some fair points raised in that report.

Speaker 19 (31:40):
But I just bringing it back to this point.

Speaker 23 (31:42):
Local government needs to do exactly what central government does
has just done, and go line by line through expenditure,
focusing on the must haves, not the nice to have
and cutting out the waste.

Speaker 2 (31:51):
Yeah. What I find ironic is they can't get into
your face enough when it comes to money. But when
you did the maor Reward thing which passed last night,
they said leave us alone and let us do our
own things. So do they want you to leave you
alone or get any foe, which is it.

Speaker 23 (32:05):
Well, they call themselves local government New Zealand, but I
think the most local form of local government is letting
local communities individuals make decisions through the ballot boxed. They
are opposed to that, and so they're opposed to actual
what we believe in as localism, and so they've literally
lost touch to me in Auckland's not a member, christ
which is not a member. A bunch of other councils

(32:26):
have left local government New Zealand. They've gone woke on
a number of issues. They actually need to reflect the
priorities of New Zealanders, focusing on core business rather than
simply just trying to advocate the left wing agenda of
the last government.

Speaker 2 (32:39):
Well see simm And Brown, who's the local government also
the Transport Minister of course. Ten minutes past seven, I
quite agree. Read the media's obsession with fourteen layers. It's pathetic.
Chris lux And owned Hipkins in the house yesterday. Yeah
he did two and a half thousand more middle management.
I am genuinely perplexed with the media at the moment.
Good on you, Mike. The real story is the multiple
levels of management and the health system our reporters are
almost criminal in the way they choose to pursue their

(33:01):
political gender. Yeah, I'm genuinely perplexed at the moment people
seem to be honing in on Recky as though there's
some sort of scandal brewing fourteen thirteen, twelve eleven. What's
it matter? What's important is a thirty billion dollars system
that is not spending money adequately, frugally and sensibly at
the front end of the spectrum. Surely that's the story.

(33:23):
Or I could play you Chris Luxen again, which might
remind you just how bad it actually is.

Speaker 22 (33:29):
That a patient it interacts with a team member. A
team member reports the team supervisor, who reports the team leader.

Speaker 7 (33:35):
A team leader reports to the assistant manager.

Speaker 22 (33:37):
service manager, who then reports the general manager.

Speaker 7 (33:43):
The general manager might be asking who do they report to?

Speaker 22 (33:45):
Well, they report to the group director of operations, and
of course they report to the regional director, the national director,
eventually the chief of staff, then the chief executive, and
of course they reports the chair.

Speaker 11 (33:54):
And the board.

Speaker 2 (33:55):
Husky even pass seven new data on accommodation of Queenstown.
Story so far, who've got reports of tourism operators this
week buying up empty hotels to help house staff. Because
this is not a new problem, of course, And this
morning one roof has an average house price now topping
two million dollars average. Queenstow Lake's Community Housing Trust chief
executive Julie Scott's with us on this July Very good
morning to you.

Speaker 24 (34:15):
Good morning Mike.

Speaker 2 (34:16):
So in totality you're winning or losing.

Speaker 24 (34:19):
Well, we would probably have to say that we're losing.
At the moment. We're thirteen hundred households on our waiting list.
It's a pretty tough ask when property prices are coming
in at two million on average.

Speaker 2 (34:30):
Yeah, the Airbnb story, is that a major factor in
all of this or not? In other words, houses largely empty?

Speaker 24 (34:36):
Yeah, absolutely it is. So. The last census STARTA told
us that twenty seven percent of homes in our district
are unoccupied. So we can certainly say that Airbnb and
those other visitor accommodation platforms are having an impact on
long term rental properties for our local families.

Speaker 2 (34:52):
That purchasing of you know, old hotels or whatever, large
bits of accommodation by tourism operators is that a model
is that in some way, shape or form the future,
do you think, Look.

Speaker 24 (35:02):
It definitely forms part of the future. So it has
had a positive impact on the seasonal worker accommodation, certainly
if you look at some of the businesses in town,
likes of Bended Ski Really indeed in Skyline have all
bought motels and backpackers and been contributing and providing accommodation
for their own stuff, So that can only be a
positive impact.

Speaker 2 (35:23):
How many rentals are available do you know right here,
right now this morning, and do people have the money
for them?

Speaker 24 (35:28):
Look, I don't have those details on me. I don't care.

Speaker 2 (35:31):
But is everything tight? In other words, if I turned
up tomorrow to be a guy who works the ski
lift at bucker Parpa, it's hard work.

Speaker 24 (35:39):
Yeah, you might find yourself down at the Frankton Beach
for a couple of nights before you sort out accommodation.
It is very tough, all.

Speaker 2 (35:48):
Right, mind you, it's not I can't see how it changes. Duly,
because you're one of the most beautiful parts of the world,
and in all beautiful parts of the world, whether it
be Aspen or the Italian or French helps life's expensive.
That's what happens, isn't it.

Speaker 24 (36:00):
That's right, But it's also about supply and deman so
we do need to ensure that this more housing supply
is available to those workers and the district who need it.
So there is a number of levers and tools that
we can use to achieve that. We've always argued that
there's no one silver bullet. There are different tools that
we can use.

Speaker 2 (36:18):
Good on you, Julie, have a good day. Appreciate it.
Julie Scott, Queenstowne Lakes Community Housing, fifteen plus seven. Ask
all of these weird stories. I'm sort of pleased for
Smith and Coey downsize and going online. I'm not sure
that's really your recipe to save yourself at Paper Plus
Seaman trouble and it's you know, it's certainly lots of
businesses close and fold, most of which we've never heard of.
But then you hear Smith and Coey's. Then you hear

(36:39):
an SPQR in Auckland, very well known resident. Then you
hear Paper Plus they've breached their deal with the banks,
negative working capital of two point two million, two and
a half million in loans with the B and Z.
That net loss means they've breached there. They're going to
have to raise some money. So they're in a pile
of trouble. And it's that household name stuff that sort
of affects you, doesn't it. It becomes emotional when you

(37:00):
got geez paper. Plus where am I going to go now?
If you know? If it all turns pear shape? So
like so many other businesses, we wish them, we wish
them well. Fourteen passed the mic hosting rakers seventeen past seven.
So the try in Paris is turning into a shambles.
The rivers do dirty. The events been delayed, of course,
So where are we actually at? Triansler in New Zealand?
Boss Peat the wets weathers from Paris morning.

Speaker 13 (37:23):
Hey, Mike Good's say, what are your feelings on this?

Speaker 4 (37:26):
Is this a mess?

Speaker 13 (37:28):
It's a fairly big distraction, to be honest with you.
But I think at the end of the day, we've
we've known that there have been some challenges, So it's
just about trying to adapt in the moment and ensure
that we're as prepared as.

Speaker 4 (37:39):
We can be.

Speaker 2 (37:40):
And how literal, where literally are we at? When's the
decision made? And will the decision be final.

Speaker 13 (37:46):
So there's a three thirty am meeting every morning to
discuss the the quality of the water and we normally
get communication after that between four and four fifteen ams,
so and that's local times. So at four fifteen tomorrow
we all know what the plan is for tomorrow.

Speaker 2 (38:04):
When does it get turned into a duathlon?

Speaker 13 (38:07):
If it does so, if they have to postpone tomorrow,
they do have another reserve day, which is the second
of August, which is Friday, so they'll do the same thing.
There'll be a meeting on Friday morning at three point
thirty and at four fifteen they'll let us know whether
the quality of the water is give enough to swimming,
and if it isn't, then it'll change to chiathlon.

Speaker 2 (38:26):
Given what we know about the sin historically speaking, was
this always going to be trouble.

Speaker 13 (38:32):
I think we expected that it might be, But if
you consider the amounts of investment that they've made in
trying to improve the quality of the water through all
the filtration systems that they've put in, we were pretty
hopeful that it might sort itself out. But yet it
certainly hasn't helped. That we've had the weather that we
had which was kind of unexpected given they hadn't REDI
had that level grain in July, So yeah, I mean

(38:55):
it's yeah, we're we're just trying to focus on what
we can control and providing a good environment for athletes,
and you know, that's really what we're trying to do
on the ground.

Speaker 2 (39:06):
How do you explain to an athlete who's trained their
whole life for this moment that, sorry, mate, there's only
two events instead of three. It's a duo, not a try.

Speaker 4 (39:14):
Yeah.

Speaker 13 (39:14):
I think the athletes are pretty aware of that. It
wouldn't be the first time that they've had opportunities where
water quality hasn't been good and events been turned to
a jaffline. Obviously, it's not an Olympic Games, so that's
pretty unprecedented and they'd certainly be disappointed. But at the
end of the day, we know what's in front of us.
I'm hoping that the athletes will accept that if that's

(39:36):
what comes their way. But yeah, we've got to remain
positive and hope that tomorrow we get these two triathlons.

Speaker 2 (39:43):
Underway and really go well. Peter DeWitt, who's the head
of Trifle on New Zealand Morning Mike here on the
Edmund layers and health hubbies a GP and all the
layers cause of waste of time, Mike, I'm a lowly
admint and health system. The layer of revelations relayers of
management is absolutely true, Mike. The fact nobody can tell
whether it's twelve thirteen or one hundred and fifty is
proof enough. There are too many layers. They're right seven

(40:03):
twenty on my cost will Breakfairs Chemists Warehouse August catalog
that sales on now. By the way, you can do
it in store. You can do it online. A huge
range of winter deals across the Barntaman's Cosmetics, fragrance and
much more. You've got the Swiss Beauty range of supplements
now twenty percent off. You've got the Dove Antipersprit two
hundred and twenty mil range twenty five percent off for
just five ninety nine. If you're looking to reduce the wrinkles,

(40:26):
and who isn't Laurel Paris reviter a lift laser nights
here in thirty mils currently forty percent off, so you're
paying thirty two thirty nine Organic cotton Baby where that's
perfect for the sleep time, the playtime, the regal time.
The regal time. The Bambie Mini range exclusive to Chemist's Warehouse,
so there's some savings there. Also, you can shop the
Nature's Way range of supplements now twenty percent off. But
that's not all. The Chemist Warehouse commitment to deliver affordable

(40:48):
and accessible healthcare continues through their guarantee of free prescriptions
in every store, every day. So stop paying too much
head and store online. Check out these great chemist Warehouse
August catalog offers. That sale must end the seventh of
August SKI seven twenty four hour. New Zealand, of course
came in for a hard climate landing by announcing their

(41:08):
twenty thirty emissions targets are two hearts, so they're not
doing them. They are withdrawing from the International science based
Target's Initiative. Now this is not their fault, other than
to say they probably, like so many other businesses, should
not have made the promise in the first place. The
reason for dropping the plan is simple. Not a lot
of what they thought might happen has They can't get
new planes because the people who build planes have their
own troubles. The fuel alternatives that may or may not

(41:30):
have been produced by now haven't been. There's a lot
of policy and regulatory work, both locally and globally that
hasn't been done. In other words, like so many of
these aspirations signed up to at so many of these
meetings in summits, good intent overrode common sense until the
real world came calling. It's not, unlike AI, another modern
day fizz bomb that will change everything until it changes

(41:51):
not a lot. We live in a world where power
production barely keeps the lights on FAI less a crypto
data center. AI generated future are The French have made
the athletes, as you just heard, you know, lie on
cardboard beds while they can't swim in the river. Indonesia's
wrecking their landscape, not to mention their environment, mining nickel
for evs and other of the modern world's absurd ironies.
Twenty thirty is the new twenty twenty. The world was

(42:14):
going to be like the Jetsons in twenty twenty until
it wasn't. Now twenty thirty is barely five years away.
That's a bit close to make grandiose promises. I know
down New Zealand are sticking with their twenty to fifty
net zero promise. Small side bet a lot of people
who said they would be net zero by twenty fifty
won't be. But we'll have to wait until at least
twenty forty five before they announce it. The trouble is

(42:34):
blind optimism and collective jollys doesn't a goal reach. Signing
the signing the Paris Accord was fun and easy. The
next bit was where we started to get a bit
tripped up. Pasking the Prime Minister reciting that list of
management levels, Mike sounded like a John Clark's speed. Well,
that's the absurdity. It's so absurd you can't make this up.

(42:55):
Hence my frustration with the Prime Miniscu yesterday. It's like,
can you believe the crap you've inherited? Average house price
is the wrong measure and QT Mike, with a reasonable
number of ultra high end housing skewing the average. Actually
that's a very good point. By the time you look
at the ten plus million dollar houses, it does skew
it upwards, Mike. Councils are full of lefty socialists and
bureaucrats overriding the elected representatives. My rates and Tasman, you

(43:18):
have gone up thirteen percent or seven hundred and fifty
one dollars this year, on top of the six percent
and the eleven percent the previous two years. Yeah, if
they just ty hoe on the old cost plus accounting bollocks,
then maybe, just maybe we'd get somewhere. Morning Mike's sad
news and f one overnight Red Bull have given up
trying to win. Time for Liam to find an Audi.
I don't think it's that bad, simon, if you've missed

(43:39):
the news. They've confirmed that Sugio Peries will stay with
them for the season. I say for the season, not
necessarily beyond that. Hence the hope for Liam. Liam's probably
going to end up in VCARB the second team. Will
they jettison Ricardo out and so you'll end up with
Sonoda and Liam. You don't want to go to Audi.
The reason you don't want to go to Audi is
because Science didn't go to Audi. Science could have on

(44:00):
pretty much anywhere. He wanted full factory backing millions upon
millions upon millions of dollars to stick into engines and
production and all that sort of stuff. Why didn't he?
And half the people are running OUTI he knows personally
from Ferrari days. Why didn't he go to Audi and
why has he ended up at Williams, which is a
side that you think Jesus, are they going anywhere? Well,
James Valles would argue, yes, they are speaking of evs,

(44:23):
a global expert on battery technologies in the country at
the moment, talking to all the people who are loving
the evs. Where are we at with these batteries? Where
are they going? What's the technology, how much mining's going on,
how difficult environmentally is it? So sort of a bring
you up to speed with a wonderful world of the
future of I don't know what do you call it
science or I don't know, maybe just playing batteries. In

(44:45):
the next half hour after the news which is next
to here at news talks.

Speaker 1 (44:48):
Are demanding the answers from the decision makers. The mic
asking breakfast with a vida, retirement, communities, life your way,
News talks.

Speaker 2 (45:00):
Let me ask you this Elbanezy as in the Australian
Prime Minister wants Barnaby Joyce, the name you will know, sacked.
Why does he want him sacked? Well, Barnaby's over the
weekend at a rally. He's talking about he's in lake Illa,
Warren and it's rally against wind turbines. And he says
this to the crowd. Their greatest weapon, the crowd. The
crowd's greatest weapon to oppose the turbines was to quote,

(45:21):
turn up in numbers in Canberra and Sydney. And the
bullet you have is that little piece of paper and
it goes into that magazine called the voting box, and
it's coming up. Get ready to load that magazine. Go
goodbye Chris, goodbye Stephen, goodbye elbow. And when they see that,
they'll let you in their office for a meeting. And
as a result of that, they want Barnaby sacked. Is

(45:43):
that a sackable offense? We'll talk to Stephen at our
twenty three to eight Politics Wednesday VI, Jimmy Anderson and
Mark Mitchell. Of course, we'll check and see how Mark's
injury is. According to Andrew Sebil on Monday, he made
one tackle and put his back out. And I don't
think I was watching Question Time yesterday. He was there,
not that she was playing rugby, but I don't think
I saw Mark there. So Mark could be joining us

(46:05):
in traction here.

Speaker 24 (46:06):
Reckon.

Speaker 25 (46:06):
There's a lot of that sort of thing that went
on in that game. Quite a bit of that thing
hat quite a few reserves, to be fair.

Speaker 2 (46:12):
I was watching, as I say, question time, Shane Jones
was asked a question and he got up and he
sat down, and he got up, and he sat down,
and he got up and he sat down with fluidity.
Extraordinary flexibility for a large man, I thought to myself.
And anyway, more on that later on. Where are we
back to wear? In New Zealand? As I said before
the news, they pulled the pen on this twenty thirty
carbon emissions target due to the resources needed being unaffordable, unavailable,

(46:33):
not to mention regulation, all sorts of things. Professor and
applied mathematics specializing in climate change, Robert McLaughlin is with
us on this. Robert, very good morning to you.

Speaker 8 (46:42):
Good morning.

Speaker 2 (46:43):
So this has got international coverage the BBC, for example,
le New Zealand becomes first major EA ligne in the
world to drop twenty thirty climate goal. Are we setting
a bad precedent here?

Speaker 8 (46:53):
Yeah?

Speaker 23 (46:53):
I think so.

Speaker 8 (46:54):
I was surprised by this. I didn't see it coming,
so surprised and disappointed of it. And one made a
lot of hay out of this when they signed up
in twenty twenty two. It's not so long ago. So yeah,
I think it's a bit soon to be pulling out
of a twenty thirty target.

Speaker 2 (47:10):
If you can't do something, you can't do something, what
else should they do?

Speaker 8 (47:15):
Well, the many other airlines, big airlines around the world
are still in this system. It's called the Science Based
Targets Initiative. So it's a private initiative, voluntary initiative, but
it is backed by the UN. It's pretty credible, and
other airlines are sticking to it, so China Airlines, Delta United.
So it can be done. But yep, as you said,

(47:36):
it is difficult. It's going to require some investment in
more efficient planes and new low carbon aviation fuels.

Speaker 2 (47:44):
But when you say they're sticking to it, are they
sticking to it or are they just they're going to
announce in the next week or so exactly what any
New Zealands announced. In other words, everyone's working out they
can't stick to it.

Speaker 8 (47:56):
Yes, So the purpose of these voluntary corporate initiatives, it's
kind of a commitment mechanism. You state to claim publicly,
you say, yep, we've got this credible target, and we
will stand up and be tracked against it. So that
is the purpose of how this is.

Speaker 25 (48:13):
Supposed to work.

Speaker 8 (48:15):
Outside a lot of other large New Zealand companies are
in the same initiative Fonterra, Fletcher Building Contact, and that
is how it's supposed to work. That everyone gets to
examine how they're tracking and see if they're achieving their goals.

Speaker 2 (48:31):
Are we just getting a reality check? I mean, if
you're an airline you can't buy planes because they can't
make them fast enough and there is no aviational fuel
that's suitable at this present point in time, then that's
your reality check, isn't it.

Speaker 4 (48:43):
Yeah.

Speaker 8 (48:43):
It is a tricky sector, and some of the claims
by the sector, like zero twenty fifty are a little
bit implausible and not credible. So that's why we really
want to see a bit of short term progress. It
doesn't have to be revolutionary, We just want small, steady steps.

Speaker 2 (49:01):
Really in that should we temper our excitement because I
was suggesting before the news the reality here as a
lot of these people jumped on, there's a bit of
green washing going on here among Court and me. I'm
nunn ay corporate Muzealan at the whole world, everyone wants
to be on a bandwagon. What's the point of being
on a bandwagon if you've got a backtrack because it's
not real.

Speaker 8 (49:19):
Well, there is greenwashing, of course, and there's companies do
make sometimes make unrealistic claims, but there's also genuine progress.
And I think the government will be disappointed by this,
because if you hear the messaging this same thing, they
do want the industries and business world to step up
a bit more and not have everything just done by

(49:40):
government regulation, which is true, it does require a partnership.
So I think the government would be disappointed by this.

Speaker 2 (49:47):
Good on your Robert, appreciate your time. Robert McLaughlin, Professor
and applied mathematics specializing in climate change, nineteen minutes away
from seven Tasking, ninety minutes away from I always remember
Barry Sopher got upset with me a number of years
ago because he was on a trip to Hawaii with
their New Zealand and they went to a nut farm
and the nuts were going to be made into this

(50:07):
special new fuel.

Speaker 20 (50:09):
That was sorry, you mean an actual, no, no.

Speaker 2 (50:11):
Real nut farm, And so I said on air, perhaps
in a moment of loose tongueness, I said Barrie's on
another junket. And Barry took exception to that, and he
said it wasn't It wasn't a junket. It was a
scientific research project from which they would squeeze the nuts
and make planes fly. And I suggested to Barry Hill
have conveniently forgotten all this. Of course I suggested to

(50:33):
Barry at the time. I said, Barry, they're never going
to be making that sort of fuel, and in New
Zealand they're never going to be flying with nut juice,
and just give it up. And it's not And here
I am, in twenty twenty four, proven to be right.
It is eighteen to two cost breakfast. I'm just trying
to work out where I found this piece of work yesterday,
and I can't. I could be the herald David Seymour

(50:54):
My letter to the organizations who wrote yes this time
yesterday our news service was running an open letter from
yet more people who were whining about David Seymour is
white Tangy Treaty's Bill or Treaty bill. Politics seems uniquely
set up rights David in reply, Politics seems uniquely set

(51:14):
up to magnify differences, but somehow misses what unites us,
even though the latter is much bigger. On an excellent line, traditionally,
universal human rights have been a touchstone of our nation
and all the good historical movements elsewhere as well. Votes
for women, civil rights movement in America, end of apartheid
in South Africa, and the right to be yourself and
who you love, regardless of sexuality. These two themes come

(51:37):
together in Tatidity Oh Our Tangi, and in the government's
Treaty Principle's Bill. The bill emphasizes the universal human rights
that appear throughout Tatidity and invites an open debate on it.
The Treaty Principle's Bill will present a version of the
Principles more closely linked to what the Treaty says. We
all have the same rights and duties. There's another one

(51:58):
of these arguments. I can't quite get my head around.
It's like that bloke we just talked to a moment ago.
We're talking off here. I mean, he's in you know,
I'm sure he's a nice guy, but he's in fantasy land.
He knows full well.

Speaker 26 (52:10):
That I said to you that he's not in fantasy land.
He's sort of the conduit between you and fantasy land.

Speaker 2 (52:16):
It is just he knows, doesn't he?

Speaker 26 (52:18):
Or you knows he can speak both languages almost.

Speaker 2 (52:22):
Exactly anyway where I was with this, this is the thing.
So the same rights and duties? Now, why are we
even having an argument in this country about the same
rights and duties, about having a country where everybody, no
matter what their races, has the same rights and duties.
Why are we having that argument unless there are people
so deluded that they can't see the wood for the truth,
and that, unfortunately is the truth. All New Zealanders have

(52:44):
tina rangetia tanga right today. But the right to self
determine not only married. Does that not make just plain,
good old fashioned common sense. So the people, he says,
who wrote the open letter to the Prime Minister yesterday's
News demanded that we debate the debates shouldn't even take place.
New Zealand needs this debate, he says. Don't try to
deny others open debate. You're entitled to hold your own opinions,

(53:07):
of course, but not to suppress others. Don't deny someone
in an opinion because they're not an expert. Don't accuse
people of racism for not agreeing with you. New Zealand
should be a place where anyone can flourish, and that
to me is the weirdest thing in the world. What
Seymour and Seymour's argument, because national are not supporting, is
they'll support it to the first reading and beyond that

(53:28):
they're not. That's their mistake. But at Seymour's argument on
this bill is let's have the discussion, and by having
the discussion you might be surprised at the number of
people who come on board with it. That's all he's
asking to have the discussion. But the people who wrote
the letter yesterday, they don't even want the discussion because
they're right. We're wrong, because we're thick and we don't

(53:50):
deserve a say. That's essentially what they're saying, and so
Seymour tries to counterbalance them that and then that I
wish them all the very best. Eleven Away from eight.

Speaker 1 (53:59):
Cost visited with a Vida Retirement, Communities News to sad Base.

Speaker 2 (54:03):
How do I from We've got a world leading bettery
electrochemist in the country. Despective of the ev industry. The
Imist provide an international perspective on the availability of raw
materials for batteries. Have a look at the current technology
and where it's all hitting. Doctor Ewan McTurk is his name,
and he's with us. Good morning to you, sir, Good
morning Mike. I was reading an article of the other
Din Australia fund raising at the moment for you know

(54:24):
these gargentuan betteries for storage, not for cars, but for
storage in general. That's sort of technology. Is it the
same in evse? In other words, where betteries go, all
betteries go.

Speaker 9 (54:36):
There's there's actually quite a broad church of battery chemistries now,
and when it comes to grid scale energy storage, they
tend to be using lithium iron phosphate, which is basically
lithium rust and a bit of fertilizer in It is
incredibly cheap, abundant, safe, long lasting. And the good news
is that that kind of chemistry is being used in
modern electric vehicles too, so the likes of byd MG,

(54:58):
the standard range Tesla Model three and one, they use
that as well. But there are other chemistries that are
used in other electric vehicles. There's also an increasing number
of different types of chemistries that are are far flung
and totally different from lithium ion that can be used
in large scale grid stories too, So there's a great
diversification of chemistries and of the materials that are used.

(55:19):
So yeah, it's not just one size fits all this
there's quite a lot of interesting development at the moment.

Speaker 2 (55:23):
Are you talking to me as a scientist or do
you also love batteries and lobbbes.

Speaker 9 (55:29):
So I didn't choose the plug life. The plug life
chose me.

Speaker 2 (55:32):
Basically.

Speaker 9 (55:32):
When I was an undergrad, I was always interested in
green technology and what would become my first TV happened
to pull up outside the Physics building at the University
of Dundee. It was a nineteen ninety nine Puguo one
O six electric with NICAB batteries in it, and at
that point I knew I want to do something with this.
This seems cool. I didn't know they existed back then.
So yeah, fast forward however many years, that is fifteen years,

(55:56):
and I've now got my own consultancy working on anything
to do with technical stateg for public outreach, whether it's
battery electric emistry. I've done my time in the lab
working on new chemistries and improving existing ones.

Speaker 2 (56:07):
And also, sorry to other article, Radius guy was China's
I have attaking Indonesia in the nickel business, and they
are digging nickel like this now tomorrow versus somebody like
Elon is busy saying let's do it and borrow. Mentally,
where are we at with that? Is it ever going
to be clean, green and acceptable or not?

Speaker 18 (56:24):
Oh?

Speaker 9 (56:25):
Is it definitely getting cleaner basically elemented by element. And
on that note, New Zealand is in a cracking position
because you've actually got your own nickel deposits, You've got
phosphate reserves, you've got lithium brines as well, not just
any old brines, geothermal brines. And the advantage of that
is you can use a very clever technique called direct
lithium extraction to very quickly and efficiently remove lithium from

(56:46):
that geothermal fluid. And you can also use the heat
from that fluid, because funnily enough, it's near abolcano, it's
very hot to power the extraction process. So there's really
clean ways that you can extract raw materials. Nickel does
have its environmental concerns depending on where it comes from.
Indonesia does need to clean up its game. It acknowledges
that it's improving that. That said, global nickel producers are

(57:09):
now calling for a separate market for sustainable nickel, So
the free market is actually trying to resolve that by itself,
and there are huge strides being made.

Speaker 2 (57:17):
Will we ever get to the point where I plugged
my car and I fill it up as fast as
I can with petrol?

Speaker 9 (57:23):
Well yes, but actually it's worth pointing out the paradoxically,
the slowest way to charge car is actually the fastest.
So for example, I plugged my car in when I
came home from work tonight. It's just going to be
sitting on the driveway overnight anyway, it will be fully
charged in the morning, and that only took a few
seconds of my time. But there have been some chemistries
demonstrated recently that have managed to rapid charge from near

(57:46):
enough empty to full in about five minutes so and
that's multiple different types of chemistry from multiple different companies.
So it's coming. But what you'll probably find, and I
would implore anyone who's never driven an EV before to
take one out for a teen a stray for a
couple of days to get a feel of this yourself,
is that actually you don't need that five minute charge tame.
The average dwell tame at a UK motorway service station,

(58:08):
for example, it's twenty five minutes and that's more than
enough for a rapper charge.

Speaker 2 (58:12):
Okay, good to talk to you. I could talk to
you forever night. Have a good time in the country.
Doctor ew And McTurk, a world leading battery electro chemist
at Geothermal Bryan's hope Shane Jones has.

Speaker 4 (58:21):
Heard of those.

Speaker 2 (58:21):
As soon as he hears of the Geothermal Bryan's, he's
going to be wetting his pants with excitement. Mike, you
might might have seen the news, but Carls Junior I
have seen the news. Carls Junior in Australia has gone
into liquidation, affecting hundreds of jobs. Yeah, the Australian economic
story at the moment is an increasingly fascinating one because
next Wednesday, the Reserve Bank's got what they're calling the

(58:42):
decision of a generation. They've got enough life in the
economy to potentially put up their interest rates. But in
putting up their interest rates, they're probably going to crash
the economy into recession. But Carl's Junior might be an
individual story. I've not heard of the Carls Junior story
this side of the Tasman so hopefully they're own politics Wednesday,
Mark my back's a little bit. Steph Mitchell along with

(59:05):
Jinny Anderson.

Speaker 1 (59:06):
Next your trusted source for news and fuse the Mic
Hosking Breakfast with Jaguar, The Art of Performance News Talks
d B.

Speaker 14 (59:22):
Can see.

Speaker 2 (59:26):
Can you play Wrapped Around your Another?

Speaker 25 (59:29):
Can I play it?

Speaker 2 (59:33):
Because I haven't heard that Blagos. So what we've got
here is I reckon. This is a laydown the Christmas gift.
So this is the police synchronicity and you go a
whole haven't we been here before?

Speaker 4 (59:45):
Yes?

Speaker 6 (59:45):
We had.

Speaker 2 (59:46):
This is the super Deluxe edition just release it is
actually I edit it up eighty five tracks, eighty five tracks,
and it's the songs you thought you knew, versions of
the songs, some previously unreleased songs you've never heard and

(01:00:12):
all sorts. Is this rapper and my finger that that's
not the song I thought it wasn't unfortunate sounds like rubbing.
It's got, for example, oh my God demo, Oh my God,
out take, oh my God, OBX version, oh my God,
alternate mix. It's got instrumental versions. Synchronicity, demo, synchronicity, outtake, synchronicity,
extended version, synchronous, the alternative mix, synchronicity, instrumental. This is

(01:00:36):
so up, my alee.

Speaker 20 (01:00:37):
One of the things to forget with the live versions
that are on Therriag've.

Speaker 2 (01:00:39):
Got live versions. One of the things I do is
when I discover a song, is I then go and
download all the other versions of the same song by
every other artist and don't look at me, say me
and go why, because then I get an interpretation of
the song by other artists. And so, for example, not
Dark Yet is my latest obsession by Bob. I've downloaded

(01:01:01):
a whole bunch of other versions from other people who
have done it, and I go, oh, he is that?
How do you do it? That's really interesting. That's what
makes me such a fascinating complex kind of guy. Or
a pain in the ass one or the other nine
minutes past as over the Police synchronicity, you got to
get it. It's brilliant Movementues Past eight Politics Wednesday, Mark
Mitchell and Ginny Anderson are both well, that's goodnity, Mike
now Mark, Mark Ye, the pain level that you're feeling

(01:01:27):
at the moment is it's still there because the reportage was,
first of all, was Andrew Saville. This is Ginny if
you don't know this, this is the rugby of the weekend.
So we're at a charity rugby event in Russell andrew Seville,
the sports reporters there, Mark's there. The claim from Andrew
Saville was you made one tackle, put your back out
and walked off.

Speaker 10 (01:01:47):
There's half a truth in that. Look, No it wasn't me.
He got me mixed up with Jonesy Jonesy without after
the first ruck. But my first tinger was with Tane Randall.
You always come away feeling that. But now I played
about probably twenty twenty five minutes. It was a great game.
Huge shout out to Ricky Jane from the Duke of Marlboro.
I mean they were the driving force behind this. It

(01:02:08):
was a fantastic weekend for Northland and you know we
just want to do it again.

Speaker 2 (01:02:12):
Did you pull up all right?

Speaker 10 (01:02:14):
Yeah? I did. I mean I was told that if
I played, I wasn't allowed to complain about injuries, right,
so but yes, no I did. The ribs are a
little bit particularly betther than that.

Speaker 2 (01:02:23):
I'm fine, Well, are you fit are you? I looked
at those people. Let's be honest, back, and I'm not
being sexist about that. There's some pretty fat out of
fit looking at you. I mean, honestly, there were some
people there that shouldn't be doing physical exercise and at
a certain age, isn't.

Speaker 10 (01:02:36):
It like you can include me at that break? Don't
worry about that. I know that I've got a bit
of fitness. But look, it was it was actually a
really good game. We had quite a few weeks all
picks in't there and the crowd seemed to really enjoy it,
and of course the hometown heroes had a good one,
so that was great.

Speaker 2 (01:02:53):
Okay, cool, Now serious matters, Costa. He's on his way out.
Did you get rid of them at last?

Speaker 10 (01:02:57):
Or not? I know, I just think that he's He
and I had a conversation that will remain confidential and
out of respect for him, but he's clearly come out
and indicated that he won't be sending seeking an extension
on his term which finishes in April next year.

Speaker 2 (01:03:13):
Fair enough, Ginny or not? Sorry, I can't get your
back fair enough or not that cost is going well.

Speaker 27 (01:03:20):
I don't think they made a good match. They have
different different perspectives on how to resolve Lauren or in
New Zealand. I think they worked together as this they could,
but fundamentally they come from quite different points of view
and so I think it was always going to be
a tough match.

Speaker 2 (01:03:36):
Would you still defend him as a police commissioner? I
mean it wasn't your appointment. It was a dourn slash nash.
You came in afterwards. But did you see it at
the time as a solid appointment or not.

Speaker 27 (01:03:45):
Yeah, he's a smart guy and he had the best
interests of New Zealand at heart, and things like refrained
that he wanted to see in place would have set
the police up for another ten years. For shame that
he wasn't able to achieve that right.

Speaker 2 (01:03:57):
Talk to me, try and keep this as a political
as possible. And this is health and this is the
layers and management and all the problems in health at
the moment. But what Luxem said on Monday about not
having an understanding or getting an understanding of numbers, expenditure
line of sight on an astonishing amount of money, can
you understand that or explain how the public service gets that?

(01:04:19):
Jerry manned backward and hopeless.

Speaker 27 (01:04:26):
First look, I think that they've had to come claim
that that's what they've seen is not true, that there's
not fourteen layers they're including.

Speaker 2 (01:04:36):
Sorry forget the fourteen, twelve, eleven or whatever. It is
the fact that it's a mess. It's an indisputable mess.
How does it become a mess like that?

Speaker 27 (01:04:45):
Well, you had multiple different dhvs across New Zealand that
really were a mess. You had different standards of healthcare
and different parts of New Zealand because you had a
regionally based system, and to bring it under one and
try and have consistency no matter where someone gets cancer,
they get the same level of treatment. That has to
be brought together. And that's what the reforms that we

(01:05:08):
did that were underwaigh and in place. And it's a
real shame that some of that work is being unpicked
and the problem is they just haven't funded it.

Speaker 23 (01:05:16):
If you want to.

Speaker 27 (01:05:16):
Talk about what's what's a mess. A mess is putting
a hiring freeze on doctors and they're not being enough
doctors in HM.

Speaker 2 (01:05:24):
That's thirty billion dollars. How much more do you want?

Speaker 27 (01:05:30):
We have had record numbers of immigration and most people
have come into New Zealand and New Zealand's history over
the last year, and we are trying to provide services
to more people with the same amount of funding when
they're coming in. And this is what's putting massive pressure
on our health system. It was just coming to terms

(01:05:50):
worth getting through a global pandemic and then we've got
slammed with additional people who require services, and so how
you do that is a difficult solution. Having the budget
as not the answer.

Speaker 2 (01:06:01):
All right, we'll get Mark's out of the story in
the moment. Jinny Anderson, Mark Mitchell thirteen past.

Speaker 4 (01:06:06):
The make Hosking Breakfast Talks.

Speaker 2 (01:06:08):
There'll be sixteen past a Politics Wednesday. Ginny Anderson, Mark Mitchell,
Mark You's side of the hell story.

Speaker 10 (01:06:13):
So, I just think that Labor created a behemoth. I
think Labor's very good at creating bureaucracy with his massive
layers of management and their nastys comes in and has
to recalibrate and get services and investment backing up to
the front lines. Labor don't know how to deliver the
services to people. When you look at the caucus, they
don't have anyone that you've actually had to do that
in real life, so you know this was and now

(01:06:35):
we're having to unrevel it all and it's difficult, and right,
we're just getting on with it.

Speaker 2 (01:06:39):
Jinny, Listen to this. This is lux and working you
through the fourteen layers.

Speaker 22 (01:06:42):
Listen that a patient it interacts with a team member.
A team member reports the team supervisor, who reports the
team leader. The team leader reports to the assistant manager.
service manager, who then reports.

Speaker 7 (01:06:55):
The general manager. The general manager, you might be asking
who do they report to?

Speaker 22 (01:06:58):
Will they report to the group director of operations, and
of course they report to the regional director, the national director,
eventually the chief of staff and the chief executive, and
of course they report to the chair on the board.

Speaker 2 (01:07:08):
Can you defend that?

Speaker 27 (01:07:10):
I can certain that they should have funded it in
March when they knew it ran out of money, and
that would be a better send in giving text cuts
to the tobacco lobby.

Speaker 2 (01:07:17):
You so you're still arguing that more money is required,
even when you've got that line that lineup, I.

Speaker 27 (01:07:25):
Think you need to look at how the health system works.
And if you're going to do it in one minute
and question time, then it's a joke. So there's complexities,
but the point is that there's no doctors in the
Hut Valley because of the cuts, and we have people
queuing up for a Cali hul session for need medical attention.

Speaker 2 (01:07:40):
That the answer, but isn't the answer to that though,
Ginny fewer managers and more actual doctors and nurses.

Speaker 27 (01:07:49):
Well, let's see how they do with that, because with
less money and trying to cut services, it's the frontline
because you need people in place to be able to
put that support if you want doctors operating, and you're
going to cuttle that away and cut I think about
up to two thousand jobs already in health. Let's see
how they go. Because I had the prominent bo that

(01:08:11):
frontline is not going to be done. But he used
run an airline. I'm sure you do a great job
at reforming as Oh.

Speaker 10 (01:08:17):
Yes, that's right, that's right. He has running the line
and he understands into the ground three times, and he
understands the responsibility customers that actually held a deliver and
he just laid out and articulated very well. Layers and
layers and layers of managers. We'd rather have doctors and
nurses on the front lawn.

Speaker 27 (01:08:34):
We'll keep them back, go and get the doctors there
because they're always something.

Speaker 10 (01:08:37):
Well and you want to best more money into more managers,
which is exactly Labour's approach was exactly why we find
ourselves in the current position that we do as a country.

Speaker 2 (01:08:46):
Quick comment mark on emergency response. I'm ready a report
yesterday and I can't for the life and we remember
what it was called. But back when, when late twenty
fourteen they were going to have some sort of group
Victoria and Australia's got it, they never got around to it.
Local agencies didn't want to share information. The upshot is
that they are claiming in Hawk's Bay that have Gabriel
happened again, there would be no difference in response because

(01:09:08):
basically emergency response can't get their act together. Is that true?

Speaker 10 (01:09:13):
No, I don't agree with that. Since I've been in
Ministers in the last seven months, I've had four local
states of emergency. We've had we've had floods, we've had fires,
we've had earthquakes, we've had space weather, we've had CrowdStrike,
and no one's waiting. I received a report from Sigurary
Matter pry in terms of the work that we need
to do to make our system more resilient. But no
one's waiting for that. And I've been on the ground

(01:09:34):
every single one of those and the response has been outstanding.
So no, We've got amazing people that do this work.
We need to get the legislation done and that will
codefine support that the entire ecosystem in terms of how
we respond. But there's been really good progress made over
the last seven months, certainly, you know That's what I'm
sing and seen, right from the mayors and the chief

(01:09:56):
executives right through the whole emergency management sort of sector.
Everyone is working really well together, all right.

Speaker 2 (01:10:03):
Encouraging to hear Marke appreciate time, Jinny Anderson appreciate yours
as well. Politics Wednesday, eight twenty.

Speaker 4 (01:10:08):
One, Costing Breakfast with Jaguar. Use to.

Speaker 2 (01:10:14):
Jaguar about to make history all over again. Since nineteen
thirty five, Jaguar have been the epitome of British innovation
and luxury and now they're embracing the future with an
all electric vision and before they do, there's time to
own a piece of the legendary lineup. So what you
do is imagine yourself in the driver's seat of a Jag.
Every detail from the pairer, of the engine, of the
sleect line speaks of performance and prestige. They're not just
vehicles Jaguars, of course, they're a testament to exceptional heritage. Basically,

(01:10:38):
if you've ever dreamed of driving a Jag, and most
of us have, might have started with the E type
back to the mark to all of that. This is
your last chance to own a piece of automotive history
with an exclusive finance offer too good to miss, zero
percent interest for up to twenty four months, third of
the price upfront, and two more easy payments down the line.
So it's your chance to be part of Jaguar's legacy,
supported by their top notch service and retailer network. The

(01:10:59):
offerers extended to the end of September September thirty or
while stocks last. They're not going quietly into the future Jaguar.
They are leading the charge to visit your local retailer today,
make history yours, and get behind the wheel of a
brand new Jaguar. Cosking Mike Ginny would have more credibility
if she knew when to hit the mat sometimes rather
than argue the inarguable. I think health care like everyone.

(01:11:21):
I like health care like everybody, but trying to defend
the health bureaucracy was folly. I think there's an element
of truth to that. We've had two of those this morning.
We had the climate change guy earlier on and Ginny
arguing that somehow thirty billion dollars isn't enough and if
we just if we just just have a little bit more,
somehow it's And she's right, I mean, there's no doctor
overnight and darka bill. It's not good enough. But I

(01:11:43):
just think, and I'm not sure why this is an
even in complex argument, I just think if you had
a look at some of that management that Chrystalla Luxen
so eloquently outlined and got rid of a few of those,
took that money and put it into a doctor and
a nurse and some syringes and some bandages, you might
actually be able to solve the problem. Mike discussing comment
from Ginny Anderson regarding lux An airline into the ground

(01:12:03):
one demonstrably false. Ye, We're just I know he didn't
run it into the ground three times. In fact, I
don't think he ran into the ground once. To be
perfectly honest with you. So I'm wondering if an apology
is going to be coming there one demonstrably false and
too extremely off color of mark give an Air New
Zealand's history, feel for the families and friend of the erabis.
I think that you text are taking that a little

(01:12:24):
bit too far. But I don't think you can blame
the financial which is what she was talking about the
financial problems of Air New Zealand on Christopher luxem because
correct me if I'm wrong. I don't think they had
any physical troubles under his tutelage, but we are confirming
that just to just to make sure quick praise. I
talked about paper plus earlier, which I mean, I'm worried

(01:12:45):
about the whole economy at the moment. I'm worried about
everyone is doing business, opening a door and actually trying
to turn them down. At the wine shop yesterday, probably
shouldn't actually tell you the story because I did actually
to cover myself off. I did say to Katie, I said,
I'm now off to the wine shop, and I thought
that was the best thing I could do, because normally
when I try and sneak it in the door, it
goes badly for me. So I said, I'm off to

(01:13:07):
the wine shop, and I had two bottles that I
was able to pick up, and to her credit, and
this is why I love it so deeply, she goes, oh,
two bottles, my ass. What normally happens is that old
Sebastian just goes, right, try this, take one of those.
I've only got one of those. There's one in the
cupboard just for you. And you come home with more
wine than you know what to do with. All of

(01:13:29):
which is true. And so yesterday the point of the
story was Sebastian's telling me that business a bit type
based on the restaurant. You know, they don't order as
much as they are, which goes to what we were
talking about in hospitality. But anyway, yesterday he goes, have
you tried this? And he opened a bottle, and we
went upstairs to the special taste the wine upstairs place,

(01:13:50):
and we swirled and we sniffed, and I went, oh,
it's quite nice. I said, okay, because you opened that
bottling in about half a dozen and he said, thank
you very much. Now that's the first time I've told
y publicly, including at home. So I'm hoping I'll be
able to get in the door about ten minutes past nine.

Speaker 1 (01:14:07):
Setting the news agenda and digging into the issues the
Mic Hosking breakfast with Bailey's real Estate, doing real estate
differently since nineteen seventy three.

Speaker 2 (01:14:17):
News tog said, be okay, I'll be honest. The reason
I told you the wine story before the news is
I was anticipating my wife being in an appointment at
eight o'clock and it wasn't true. It was eight thirty,
so she was still there tuned in at the time
of the story.

Speaker 26 (01:14:31):
Totally bustard, totally busted. When you said the two of
you went upstairs and swirled.

Speaker 2 (01:14:37):
Yeah, opened up.

Speaker 20 (01:14:40):
I'm just.

Speaker 25 (01:14:44):
For some reason, I'm picturing some kind of gramophone goes on. No,
so one of you, I don't know which one is
it in a sort of a ball gown's dancing dancing.

Speaker 2 (01:14:55):
There's no dancing.

Speaker 20 (01:14:56):
There wasn't that kind of swirling.

Speaker 2 (01:14:57):
No, there wasn't text OMG, exclamation marks. I didn't know
this to exclamation marks and upstairs wine tasting question mark,
exclamation mark bracket w TF exclamation mark question mark? I
text back a swear word. Thought you'd be in by now.

Speaker 4 (01:15:16):
Whoops.

Speaker 2 (01:15:17):
Also, I think you should be honest about how many
bottles of wine you actually buy. You made it sound
like two or three.

Speaker 20 (01:15:25):
When you were when you said two or three, you
men cases right.

Speaker 2 (01:15:29):
Thereabouts twenty two to nine International correspondence with ends and
Eye Insurance, Peace of mind for New Zealand business. Great,
your bouncy plants. Very good morning to you.

Speaker 4 (01:15:40):
Good morning directs.

Speaker 19 (01:15:41):
Get out of this or not, we'll find out this morning.
This is, of course, the regional airline that started flying
save aircraft between regional routes and then decided some bright
spark on the board decided, well why don't we take
on Conduce and Virgin and starts flying at least seven
to three sevens but between Sydney Melbourne, Melbourne, Brisbane, Brisbane

(01:16:02):
Sydney and that hasn't ended well. They went into administration yesterday.
Whether they completely fall over like BONDSA Airlines did a
couple of months back, is yet to be seen. We'll
find out this morning. They're going to make a statement
of the Stock Exchange before it opens on the East
Coast of Australia. Found it in two thousand and two,

(01:16:23):
and then in March twenty twenty one started flying between
the capital cities. Now the Prime Ministers had a crack
at them and said, one of the things that I
expressed concern about was that REX moved away from their
traditional role of being a regional airline into flights between
Sydney and Melbourne. Now, what do you think happens when
an upstart like Rex, who aren't a bad airline by
the way, start flying those major routes. Well, the big boys,

(01:16:47):
the big boys, Countesson and Virgin go hang in a minute.
So they put on more capacity, dropped the flight costs,
as you point out, and suddenly it all turns to
custard for Rex. It's a pity because regional Australia very expensive.
I'm not sure about New Zealand these days, but to
fly between say, you know, Sydney and Wogga, or Melbourne

(01:17:08):
and mill Dura, or Brisbane and Townsville, it's extremely expensive
and so regional people cop it in the neck.

Speaker 2 (01:17:15):
So what they also runs the part of Academy and
Wogga and bell Rat. They've got a propeller maintenance organization,
they've got a stake and jet Express they're a fly
and fly out charter operator for mines and stuff. Does
all of that go under as well or we still
don't know, and if it does, how big an issue
is that we won't know?

Speaker 19 (01:17:31):
It is a huge issue if it happens. But what
we're what everyone is hoping, is that they will just
draw up the drawbridge, go back to their traditional roots
in Region Australia and become a slim down airline. In
the background of all this might there's been a board
a ruction, the chairman's been overthrown, the CEO has gone,

(01:17:52):
someone else has come in. So it's all a bit
of a message.

Speaker 2 (01:17:55):
So that was my next question. How much of it's
an individual story versus just Australia doesn't have room for
that many airlines.

Speaker 19 (01:18:03):
I don't think Stralia has that room for that many airlines.
I mean this is history. I mean Hanseid fell over.
You've had a bunch of budget airlines come and go
Bonds it was the latest. You had Tiger airlines before that.
The population's not big enough and the big airlines, as
in Contison, Virgin and Jetstar are just too big for

(01:18:24):
a smaller airline to compete against.

Speaker 2 (01:18:25):
Now Dunton's off to Israel. That'll put the heat on elbow,
won't it?

Speaker 28 (01:18:29):
It will?

Speaker 19 (01:18:29):
He's there now. He's got a three day trip Monday
through Thursday, or four days that is. I guess it'll
involve him meeting hostages that were impacted by that attack.
On the seventh of October. He also is going to
eat Israeli Foreign Minister Israel Katz and the Israeli President
is Isaac Urzok, and he's going to go this is

(01:18:50):
the important point about this, to the kibbutzas that have
come under Hama's fire and to where that music festival
took place. Why is that important for now? But easy, Well,
the Prime Minister has not been there at all. He
sent his Foreign Minister Penny Wong. She went to none
of those sites at all. And I think what's going
on here is that Peter Dutton is showing in the

(01:19:11):
lead up to the election that there is a difference
in policy between the Coalition and the Labor Party. The
Labor Party is desperate to hang on to a number
of inner city seats in Melbourne and Sydney where there
is a large Muslim population and a very large pro
Palestinian group of voters. There's even that talk of a
Muslim Votes party being started somewhere like the Teals in

(01:19:33):
maybe Sydney and Melbourne. So this is quite a clever
move by Peter Dutton. I don't want it to be
seen that he has been completely politically astute about this.
He's going there obviously for the reasons that he is
concerned about what happened on the seventh.

Speaker 2 (01:19:48):
We won a gold this morning, Steve in what sevens?

Speaker 19 (01:19:53):
Are well done? Men or women?

Speaker 2 (01:19:55):
Are the women? Are the men bombed? Unfortunately? We should
have won two golds. Men bombed the women and they
played Canada in the final. They should have played Australia,
but Australia got beaten by Canada, which was a major
boil over. So that's an.

Speaker 19 (01:20:09):
Australia fell apart. That was very sad for those girls.
They were playing extremely well. We're third on the medal
Telly over World, did you know that?

Speaker 23 (01:20:16):
Yeah?

Speaker 2 (01:20:19):
Is it scene? I saw the ratings the other day.
Ten plus million people have tuned in, so she's a smash.

Speaker 19 (01:20:26):
Oh yeah, people are really Look I would like the
Olympics to last for a week, not two weeks, because
we can't run, we can't jump, we're no good at
all of that other stuff that happens like marathons and
all that we should just have a swimming event and
then I'd be a very happy man. Skadian McKee and
one one hundred meter breast straight. This morning, just quickly,

(01:20:46):
Anika Wells, the Federal Sports Minister, went over to France.
She was there for the opening ceremony and then left,
so she didn't watch any of the events at all,
but she has this is one of the most stupid
comments I've ever and when asked if she was disappointed
that sports like swimming have two few female coaches, she
said that she's considering bringing in quotas they have more female.

Speaker 2 (01:21:10):
Coaches than God.

Speaker 19 (01:21:11):
So the Australian swimming team. Can I point out the
sports minister the Dean Boxel, who coaches the two fastest
women in the world and is considered the best swimming
coach on the planet, is a man? I mean? Is
that a problem?

Speaker 2 (01:21:28):
All right?

Speaker 29 (01:21:29):
Mate?

Speaker 2 (01:21:29):
Go well, we'll catch up next week's toe Price out
of Australia for another Wednesday morning. Let's get to the
games and just a couple of a couple of moments
and talk to a gold medal of sixteen to two
the make hockey racist thirteen minutes away from the gold
medal is celebrating. So nineteen twelve it was in the

(01:21:57):
end the gold middle is ours back to back Olympic golds.
Send off for a couple of the greats of course
Push and Woodman Wickliffe. He is on her way to
retirement along with Tyler King. Tyler King as well this morning.

Speaker 23 (01:22:06):
More than Mike.

Speaker 21 (01:22:07):
How's it going very well?

Speaker 2 (01:22:08):
Is the medal still around your neck?

Speaker 29 (01:22:10):
The metal storm?

Speaker 24 (01:22:11):
I make the jersey and the shorts and.

Speaker 2 (01:22:13):
The socks are still onto fantastic. What's the metal look like?

Speaker 11 (01:22:16):
Oh?

Speaker 2 (01:22:17):
It is beautiful.

Speaker 29 (01:22:18):
It's kind of like it's got the Goddess mikey on
it gold plated, and then you turn it around and
it's got a piece of the Eiffel Tower.

Speaker 2 (01:22:26):
That's brilliant, isn't it?

Speaker 6 (01:22:27):
Hey?

Speaker 2 (01:22:27):
I watched the start of the game and you looked
so dominant. I thought this is going to be a
thrashing and then they came back at you. How did
it feel for you?

Speaker 29 (01:22:38):
But we didn't help ourselves.

Speaker 24 (01:22:39):
I was giving the yellow car.

Speaker 29 (01:22:40):
So it's always a hard when you're up against quality sides.
But we're practicing training going down to slix and we
held them out long enough just for them only to
secure one try and then we're back to our full compliment.
And then we knew it was only our mistakes that
were keeping them in that game. So if we tied
it up our own eras and to struck hard on attack,

(01:23:01):
made sure we stayed in our threes, and then on defenses,
keep coming forward and keep applying pressure. We knew will
get the job done, and that.

Speaker 23 (01:23:07):
What we did.

Speaker 2 (01:23:08):
Were you pleased it was Canada not Australia or it didn't.

Speaker 29 (01:23:11):
Matter, It didn't matter who we were going to face.
We knew that we were going to give it everything
that we had, and it ended up being Canada. They
played amazing. They had an incredible quarter final I think
it was against France, being in a home team on
home soil, and then they went in to the job
against when it counted against Australia. So all the teams
in the circuit are amazing, and you know, you just

(01:23:33):
got to show up when it counts, and we were
able to do that.

Speaker 2 (01:23:36):
How was the pressure leading and given the expectation you
were supposed to win a medal if not gold, Yeah.

Speaker 29 (01:23:43):
There's always going to be pressure, and we knew that
was there and we addressed it so early on and
then at the end of the day, we.

Speaker 24 (01:23:48):
Just said, we just need to focus on ourselves and
that's what we did.

Speaker 29 (01:23:52):
And I think I'm just so proud of the performances
that we put in as a team from day one
all the way through to the final, because if I
look back to Tokyo, that gold medal moment was incredible,
but we never hit our full potential. Some of those
games were absolutely scrappy. You know, we had the whole
entire country on the edge of the seat when we
played the semi final against Fiji in overtime. But this tournament,

(01:24:13):
this Olympics, everything came together. We found our flow and
we just went out there and played the brand of
footy that I know.

Speaker 2 (01:24:21):
I knew we will keep a bull of fantastic. Do
you want to reconsider retiring?

Speaker 29 (01:24:28):
Nope, I am good. I've had my time in this
black jersey, and you know, I've grown up in this
in this team, in this environment. I've been here since
I was seventeen. For the last thirteen years, this has
been a big and huge part of my life. It's
going to be definitely we'd leaving it behind.

Speaker 24 (01:24:45):
But I know, I know it's time.

Speaker 29 (01:24:47):
Physically I probably could, you know, play on for another
couple of years, but there's just this feeling you get
and it's my time to you know, pass this jersey
on the number seven, which I've been in sered by
debut back in twenty twelve. It's time to pass it
on for someone else. Although I do trick with some
of the girls that now now you can't ever sorry
they're retiring it.

Speaker 2 (01:25:08):
Warmer's congratulations, go well, lovely to talk to you. Appreciate
it very much.

Speaker 29 (01:25:12):
Thank you so much. Thank you for your supporting all
of our country getting behind us. This means a lot.

Speaker 2 (01:25:17):
Fantastic Tyler, go well. Tyler King out of Paris, speaking
of people who have retired. Samuel Whitelocke, first word from
him tomorrow on the program after eight o'clock. Excuse me,
so look forward to catch up nine away from nine the.

Speaker 4 (01:25:30):
Mike Hosking Breakfast with Bailey's Real Estate News Talks.

Speaker 2 (01:25:33):
There'd be so the Gimmy Anderson claimed that Crystal Lackson
might have driven in New Zealand into the ground three
times is already established as not true, but some facts.
He came to the airline twenty thirteen as CEO. Left
in twenty nineteen before Luction's first full year net profit
was seventy one million. Under Luxeon had peaked at four
to sixty three million close to four hundred million in

(01:25:56):
each of the next two years. Under Luckson's tenure, the
value in New Zealand grew by two hundred and twenty
four percent, and one point seven billion was paid to shareholders,
including nine hundred and fifteen million dollars to the government.
In New Zealand share price more than doubled under Luxe.

Speaker 10 (01:26:12):
And so.

Speaker 2 (01:26:16):
He might know what he's talking about. Ginny five minutes
away from nine.

Speaker 4 (01:26:22):
Trending now with chemist ware House stop paying too much?

Speaker 28 (01:26:27):
Right.

Speaker 2 (01:26:27):
So We've got a blow called Roger who lives in
Howick and he was listening to the show yesterday. Loves
his motorsport like me, and so what he did, and
God bless him for doing it. He's put together what
he calls a country rock composition done with AI and
he's called it Mike's fast Lane.

Speaker 4 (01:26:46):
Skim on me a for.

Speaker 28 (01:26:48):
So Sharp Black Colty, Dreams of Airfang fun speeding on
lad distance shows eights e car's hole put in his
heart engine troll tracks of Glory, Crypto Bride, chasing laughs, thuday.

Speaker 23 (01:27:11):
And kidding me.

Speaker 28 (01:27:12):
This is been testing my hosting sixteed racing. So he
needs engine roll dreams at nine in his world everythings right?

Speaker 2 (01:27:26):
How do you rate this five and a half out
of ten?

Speaker 19 (01:27:29):
I know I see it.

Speaker 20 (01:27:30):
It's way too high.

Speaker 2 (01:27:31):
So did Sammy gives a five and a half out
of ten? What do you give it?

Speaker 20 (01:27:35):
Minus three?

Speaker 2 (01:27:36):
This is brilliant?

Speaker 4 (01:27:37):
I give a nine.

Speaker 23 (01:27:38):
Rac Yeah, so.

Speaker 26 (01:27:40):
They confirmed to what Sam and I s, because we
all know you've got no tasting music.

Speaker 2 (01:27:45):
In his world everything and that's a la generated So
if he just put the woods in, he would have
gone Mike Hosking Racing cars right, Mike Hosking racing car song?
Do you reckon? Do you reckon? He did that? Or
do you did more? I reckon? He just put Mike
Hosking race car song? How good is that? Play it
one more time? Blen go right from the start.

Speaker 4 (01:28:03):
Here we go here we got.

Speaker 28 (01:28:08):
Engine roll tracks of Glory Crypto Bride, she said, laughs,
lyrics that.

Speaker 4 (01:28:17):
It's the downfall.

Speaker 20 (01:28:18):
We're witnessing it as it happens.

Speaker 2 (01:28:20):
Holy If that's actually really good text, I give it ten. Mike,
she is terry. Next text, it's brilliant.

Speaker 20 (01:28:33):
Is there another radio station that we can just shove
all these people over to?

Speaker 2 (01:28:37):
Belt? Definitely number one on the chants, Mike brilliant, fantastic
Mike another gold medal, Mike Tin very very good, so goes.
I know when I said, this is the song of summer,
by the way, for the Christmas this year, this is
the song of summer. Anyway back tomorrow, Happy Days.

Speaker 1 (01:28:59):
For more from the Mic Asking Breakfast, listen live to
news Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Crime Junkie

24/7 News: The Latest

Stuff You Should Know

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 31 July 2024

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Crime Junkie

24/7 News: The Latest

Stuff You Should Know

All Episodes

Full Show Podcast: 31 July 2024

Crime Junkie