The Mike Hosking Breakfast Full Show Podcast: 02 September 2024

Episode Transcript
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Speaker 1 (00:01):
Setting the news agenda and digging into the issues. The
Mic Hosking breakfast with Bailey's real Estate, your local experts
across residential, commercial and rural news togs.

Speaker 2 (00:11):
D be well.

Speaker 3 (00:12):
You welcome today. Child support issues as more and more
parents to fold, We've got new ideas around tax and
retirement to deal with this country's debt. Are the Health
Minister on more and more electives being canceled? If a
coffee cost eight dollars, would you pay it? Are the
lads in the commentary box of course being a Monday,
Richard Arnold, Steve Price, they're pooning up as well.

Speaker 4 (00:29):
Pasky, Welcome to the week.

Speaker 3 (00:30):
Seven pass six right the interview Friday are six out
of ten for Karmela, four out of ten for ten,
five out of ten for CNN. CNN made a mistake
allowing it to be pre recorded. They made a mistake
allowing Uncle Tim to be present, although they did their
best to ignore them. And as far as I can
work out, the only people left in America who are
remotely interested in voting, remembering a lot don't, of course,
are those who may or may not be voting. Democrat

(00:53):
Trump support appeers locked in the reason the polls have
moved is because there are some Democrats who weren't going
to vote because of Biden who now might because of Harris. Now,
the advantage we in New Zealand had if you saw
this interview was we lived through the experiment that was
just Cinda A. Durn Harris is her or adournas Harris
sisters from another mother words salad. Experts thought bubble exponents

(01:15):
ideologue steeped in reality, well not in reality, but books
that they've read somewhere that might make a good way
to run a country. If we could get the undecided
Democrats and give them a quick lesson in adournism, it
would probably seal it for Trump. Dana Bash, who asked
the questions I think was under instruction. Ask a question
three times and if she still won't answer it, move on.
That seemed to be a sort of a theme. Harris

(01:38):
answers hardly anything by the time we were finished, and
let's be honest, it wasn't actually that long an interview.
But America was booming. The border was open, the border
was closed, money was flying, tax relief was everywhere. Bums
were being wiped and problems were solved in America was
the shining city on the hill. Ifony Reagan hadn't said
at first, she is essentially a fraud. But as I say,
Americans never had a durn, so haven't lived through it.

(01:59):
We did, we fell for it, and then twenty twenty
voted for more of it in record numbers. So that's
an example of how you fool the people. Herisism with
a real shot.

Speaker 1 (02:11):
News of the world in ninety seconds.

Speaker 3 (02:13):
Under the Middle East of the war. That's taken another
turn as more hostages, of course, have found dead in
the protests against the government grow.

Speaker 2 (02:19):
They are calling for a deal from the Israeli government.

Speaker 5 (02:23):
They have waited three hundred and thirty.

Speaker 2 (02:25):
One days for their loved ones to come.

Speaker 3 (02:27):
Out of Gaza. PM still talking tougher.

Speaker 4 (02:30):
We will not give up.

Speaker 2 (02:31):
The Israeli government is committed and I am personally committed
to continue striving for a deal that will return all
of our hostages and guarantee our security in existence.

Speaker 3 (02:41):
In the West Bank. They've been under assultant. You'd have
to think now, given what happened over the weekend, Moore's coming.

Speaker 4 (02:46):
What's the goal of all of this.

Speaker 1 (02:47):
There's no need for this intentional sabotage. They are making
us pay our price because we support resistance For.

Speaker 4 (02:54):
Me, Israeli forces are telling us you'd need to make
a choice. You either surrender to our genders and policies
or face mess of destruction.

Speaker 3 (03:01):
Middle East has found as why of the US right
as well, where they having to roll out clarifications on
the Heris view of a Palestinian state.

Speaker 6 (03:07):
He stands by the Palestinian people and their right to
self determination and that a two state solution where Israelis
and Palestinians can live by side in peace with their
Middle East neighbors.

Speaker 3 (03:22):
Then in the UK couple of things, Scotland has one
of those fiscal cliffs they've discovered, so cups are coming
in the blame is light at London's doorstep.

Speaker 7 (03:29):
And in eed of Westminster cuts. We're going to have
to work hard and smarter if we're to deliver on
other ambitions for Scotland. But this party has never ever
been a free to work hard in pursuit of a
better Scotland.

Speaker 3 (03:42):
And to the government to move to bend smoking in
places like pub gardens. That needs a lot of justification
as anger grows.

Speaker 5 (03:47):
When we spanned smoking in public places indoors in the
last labor government, which actually has led All evidence show
that actually has to an increase in people tending round
pubs at the time.

Speaker 3 (04:00):
Growth industry for you in Japan. So given the work
culture in that particular part of the world, it's often
nine to nine, as in nine in the morning till
nine at night. People become a little bit afraid to quit,
So into companies that will be rich for you, you
hire a resignation expert. Now they did exist before COVID,
but increased dramatically as the companies that struggle during COVID push.
Work is even harder. So the companies act as youre proxy.

(04:22):
So if you a little bit timid, a little bit scared,
you don't have to front the boss. You don't risk
being convinced to stay, and most offer a fifty percent
discount for the second time around. You love resigning so
much the first time, you do it again and again.
Here's the world in ninety seconds. By the way, inflation
well and truly under control in the Eurozone. We got
these numbers over the weekend, two point two percent for August.
So that's done basically, isn't it. Two point two are

(04:42):
their core rate a little bit higher. That takes the energy,
the food, the alcohol, blah blah blah out, so two
point eight percent. The point of that being everybody is
priced in another cut from the ECB they went in June.
They see another one coming shortly, so that's fifty and
they reckon another one by the end.

Speaker 2 (04:57):
Of the year.

Speaker 3 (04:57):
That'll be seventy five points by a Christmas. Twelve past six.

Speaker 1 (05:04):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 3 (05:09):
Talks Be Good and Bad News. Story out of Indieu
over the weekend economic growth six point seven percent, and
you go, my god, that's a lot of growth. It is.
It's not as much as it was. It was seven
point eight. They held the elections. This is for the
April June quarter and during the election, which is a
massive exercise of course, given us over a billion of them,
government spending was down. So they're down or running at
six point seven percent. They thought it would be six

(05:31):
point nine. It's still a decent number. Fifteen past six,
big numbers, deven funds management, Grig Smith, Morning to You,
Morning to Mike, and zero point two for July will
have pleased everyone stateside I'm assuming.

Speaker 8 (05:43):
Yes, certainly did Jones at a record high, So a
favorable read on the Fed's preferred measure of inflation says
miss point two on a monthly basis, two point six annually,
and that was softened the Smith's for two point seven.
And if you look it on a monthly basis, you
take out housing was even live was that just point
one percent for the month. The report also pointed might
to a fairly resilient consumers spinning up half percent in July,

(06:06):
personal win come up point three percent. All goes towards
a bit of a soft economic landing. And also the
Atlanta they've raised their real time growth Trekker for September
quarter to two and a half percent. Now a week
ago there was two percent, so that's quite a big jump.
So world's largest economy doing pretty well. Expectations around inflation.
That's also for a University of Michigan survey consume inflation

(06:28):
out look at the lowest since December twenty twenty. By
the way you talk about the election, the survey also
had fifty four percent expecting a Harris win the election,
up from thirty five percent when Biden was running. Even
that does all pretty relevant FED meets in a few
weeks time. They said they'll be cutting rates as long
as the data continues to play ball, which it looks
to be doing. So in terms of where it's twenty

(06:49):
five or fifty markets pricing in a sixty seven percent
probably have a twenty five basis point cut thirty three
percent of the fifty. As you mentioned, inflation also do
lower cross the Atlantic and Europe, and the European indices
will hire on that. So yeah, after the panic attack
we had at the start of the month, the global
markets leanded on high that did quite well s and
P five hundred up two point three percent for the month.

Speaker 3 (07:11):
Right, So Fletcher's after months of saying it's not us,
it's installation, now they're writing a check.

Speaker 8 (07:18):
Yeah they are, so, yeah, you're quite right. So they're
covering eighty percent of the direct cost. So this is
the plumbing issue that came up, was addressed earlier last year.
Effects around about fifteen thousand homes in WA, so that
I've allowed for a plumbing failure rate of around about
thirty five percent, so Tom will tell there. So, yeah,

(07:39):
they're covering quite a bit of the costs, aren't there.
So that the WA guvernment are covering twenty percent, so
it's going to cost features around one hundred and fifty
five million Australian dollars. That's AROUNDO one hundred and sixty
eight million ki we. The positive part of that mic
was that it doesn't involve a product recall, which there
have been some concerns about that doing even more expensive
and arduus, but yeah, that good news is moderated. Also,
and if you have a outs, Yeah, there's no time limit,

(08:02):
so I am homers Insurance can take their time to claim.
They're changing the law for the time to lodge complaints
on part failures from six years currently to fifteen years.
And also the costs aren't cap so this could really
drag on and you know, of course could go up
a lot more. And also the other big point is
the agreement doesn't include local construction firm BGC. They're still

(08:25):
suing Fletchers siri iPLEX and they built fifty to sixty
percent of the affected homes, so it's somewhat curious that
they chose not to participate. The speculation that are in
financial distress and as you say, Fletcher just can continue
to say that it's an installation issue, but you wonder
about that it is confined to Wist Australiay looks of it.
But yeah, this story looks like it might keep on

(08:48):
giving Mike. But we did have a partial solution that
was appreciated by investors. The years were up seven percent
to three bucks, so seven but we're still down around
at thirty five percent.

Speaker 9 (08:56):
Year to day.

Speaker 3 (08:57):
Speaking of housing and we building any seems.

Speaker 1 (08:59):
Like we are.

Speaker 8 (09:00):
It seems like there was there's a few green shoots,
but there's a few sort of caveats there. So construction
activity we know that's been under pressure. Fine straights and
economy slow. Annual number of consents in the year of
July was through three thousand, nine hundred and twenty one,
so that was twenty two percent lower on twenty twenty three.
It was thirty three percent lower on twenty twenty two
when things were humming with low rates. Walk on my

(09:21):
cower down twenty seven percent, Wellington down thirty five percent,
can be down at least of twelve percent. High density building,
say with the worst tip. We know that MOLDI unit
homes down twenty eight percent. But the worm turned in July,
so the number of homes concented arose nine point six
percent to three thousand.

Speaker 10 (09:36):
Three and fifty two.

Speaker 8 (09:38):
July was up twenty six percent on June on a
seasonally adjusted basis, and that was after a seventeen percent
four in June. But yeah, before we get too exided, Mike,
there were a couple of important drivers. First, we had
three more working days in July this year and more
time busue consents. Also, there's a big project in queen
the Queen Sound Lakes district that drove a forty two
percent jump and standalone houses. It shows at a conference

(10:00):
Queenston last week, and things are certainly humming there. There's
lots of building, lots of cranes. But yeah, different from
the local economy. A few restaurant owners who said that
takings were down thirty percent plus year the date. So yeah,
overseas tourists are spending keys aren't. But anyway, doctor consents,
we'll see if this jump is a one off and
we need a few more right cuts before we get
some decent green shoots. But yeah, probably sales ip'll be

(10:21):
picking up, but from quite challenged levels.

Speaker 3 (10:24):
Okay, numbers, yeah.

Speaker 8 (10:26):
Down up turned twenty eight points to a record forty
one five six three. Isn't people I've hunded at one percent,
nay take up one point one percent foot see flat,
Nicola aut points seven percent thirty eight six four seven
and A six two hundred up point six percent eight
zero nine one. Retail sales and both Australia and Japan
were low than expected data the INSIX fifty up point

(10:46):
eight percent twelve four to four seven, go back away
from record levels down point seven percent two thousand and
four and two, and announced US all down two forty
seventy three spot fifty five. And the currency markets Kevy
solis so against the US sixty two point five. We
were up slightly against the eight dollar ninety two point four,
as well as being up against sterling forty seven point six.

(11:08):
This week, Mike, we've got Ozzie sink quarter GDP data,
We've got the Bank of Candle rate decision. We've got
TRY and USPMI. We've got non farm payrolls and more
data for the Fed for the decision a couple weeks time. Locally,
no innings seasons done, but we've got terms of trade
data and another GDT print.

Speaker 3 (11:25):
Very nice, go well, catch up soon appreciated very much.
Greg Smith, Devin Funds Management POSKY New Zealand Rural Land
in z L twelve point four million dollar profit, which
is up from last year's two point five good. We'll
take that. They started off and dairy, but they moved
into forestry and on orchards, which is good diversification as
always to be welcomed and they're paying it evidence. So
another good news story. Who wrapped the earning season for

(11:46):
New Zealand six to twenty one hered Newstalk z BO.

Speaker 1 (11:55):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio Power US.

Speaker 3 (12:00):
Talks' NEWPOLLI and America I'll have for you shortly and
there's a woman called Sarah Vagan Neck who I read
about over the weekend. She's participating or parties participating in
some regional elections in Germany which are literally just finishing.
It's a disaster for the government. So more shortly six twenty.

Speaker 1 (12:15):
Four trending now with warehouse boxing day sales on Now.

Speaker 3 (12:21):
David Beckham, he stood up on hot Ones. First we feast.
This is where guests eat those chicken wings and different
sources and it gets hotter and hotter. Anyway, For the
most part, Beckham did well handle the three hottest sauces
much better than most, including the bomb, which is the
source that gets all the viral reactions. Anyway, they covered
the culture shock when he moved to the Emails back
in two thousand and seven, and how different it was

(12:41):
to the EPL where a team provided meals pre game.
That wasn't a thing in America. So he ended up
at the cheesecake factory.

Speaker 2 (12:47):
All the young kids had gone to MacDonalds or whatever
and they'd saved there per dim Whereas I kind of
walked out and a saw of a cheesecake factory and
that was my pre match meal, which, yeah, Sir Alex
Ferguson would have quaked in his boots at that.

Speaker 3 (13:02):
As big a star as he was, he describe what
playing alongside Zadan was like in one of the best
moments of his career.

Speaker 2 (13:09):
He walks in and I'm sat there, I'm getting changed,
and all of a sudden I see him out of
the corner of my eye getting up and he's walking
towards me, and I'm like, I start sweating, like I
am now a little bit, and Sizu doesn't say much.
He sits down and he said, David, I just want
to say it's been a pleasure playing.

Speaker 1 (13:24):
With you for the last few years.

Speaker 2 (13:26):
He then went in to get treatment and I jumped up.
I ran outside. I took my phone and I was like,
a couple of my mates, you're never going to get
what just happened. I called my dad.

Speaker 1 (13:35):
I was like, Dad, Zizu just said this to me,
So that has.

Speaker 3 (13:39):
To be That has to be the moment and the
story behind. The big moment out of the documentary, the
most recent documentary, when he tells Victoria to be honest
about a religious working class background and the director's reaction.

Speaker 1 (13:50):
And he was angry with me.

Speaker 2 (13:51):
He apparently wanted me out the house. And that particular
day was Victoria's first day of filming. I saw as
spare set of headphones, so I put the headphones on
and then all of a sudden, I heard I say,
you know which is we're working class. In that moment,
I was like okay. I headed to the door. I
opened the door and I saw Fisher's face and he

(14:13):
was not happy.

Speaker 4 (14:14):
I was like, be honest.

Speaker 2 (14:16):
The camera guys were so amazing because they literally canned
over to me at the door.

Speaker 4 (14:20):
Fisher was really not happy.

Speaker 3 (14:22):
Tell you what was interesting about it. I happened to
see the whole thing.

Speaker 7 (14:25):
One.

Speaker 3 (14:25):
He's not affected by the heat at all, so it
wasn't even a thing about eating chicken wings too. It's
a fantastic concept, is an idea for a podcast. And three,
he comes across as just absolutely delightful. He's impossible not
to like. Well worth watching housing. It's coming back to life.
I told you this would happen. People are desperate to

(14:46):
feel good. New numbers around the real estate business.

Speaker 1 (14:49):
Shortly you're trusted home the news, Entertainments, opinion and the
my casking breakfast with al Vida, retirement Communities, Life Your
Way News, Tog said.

Speaker 3 (15:01):
Polling from the State Survey USA with a bunch of
local television stations in Minnesota are the lead that she had.
Harris had over Trump has been harped. It was fifty
to forty. It's down to forty eight. Forty three. Other
states are at the moment. Nevada tied. Harris is up
by a point in Arizona, so well within the margin barer,
of course, Wisconsin, Harrison is up by four. Michigan Harris

(15:22):
is up by three. Pennsylvania Harris up by one. Georgia
Trump is up by a couple. More from Richard Arnold
Shorty twenty three to seven, lit Housing talk for you.
Are we seeing life in the housing market?

Speaker 7 (15:34):
Does it?

Speaker 3 (15:34):
Spring? Is that the Reserve Bank, the mortgage ray cuts
in the coromantal one roof September outlook tells us demands
increased one hundred and thirteen percent year on year. General
manager of Bailey's Corimental Shawan Patterson's will A Shawn, very
good morning to you, you very well, indeed, thank you.
So how's this manifesting itself? I mean, does this off
a very very low and quiet base and so suddenly

(15:56):
you're busy or you run off your feet?

Speaker 11 (15:58):
Now, you're absolutely right, and we're coming from a pretty
low base there, Mike.

Speaker 12 (16:02):
You got to turn around.

Speaker 11 (16:03):
And although we don't like to dwell on it, think
about where we were a year ago, post storms and
no road roads and and things like that, which is
certainly making us an outlier. But that said, there's definitely
been a drastic change, said oser reduction. So one roof
absolutely right that we have seen a drastic change off
that low base, and I think that's been driven you know,

(16:25):
really by a lot of cashed up people who have
been waiting nervously in the wings for a bit of confidence,
and perhaps this has just given them a bit of
confidence they need to make the leap and get rid
of that fear of overpaying.

Speaker 3 (16:36):
Is this all from people out of town or is
it people within the market swapping houses?

Speaker 11 (16:42):
A little bit of a mixture, though, seventy four percent
of our buyers last year in the Corimandel came from
outside the region, so that's quite normal for us. I'd
say the biggest group that we're seeing at the moment
is a continuation of people relocating from the city and
making permanent relocation. And Mike, I'm a big believer that
that's still you know, the trend of people looking for

(17:05):
a better work life balance and looking to locations like ours,
you know, where they can find a bit of lifestyle.

Speaker 3 (17:12):
Saw a big jump in business confidence last week around
the whole country, not just the Coramandel. And you've seen
the Central Bank, the Reserve Bank move. How much weight
do you place on just these individual, little small movements.
Are people desperate to feel better?

Speaker 2 (17:27):
Yeah?

Speaker 12 (17:27):
They are, Mike.

Speaker 11 (17:28):
I think everyone's looking for that. Everyone's looking for that
little silver lining and absolutely you know that everyone's been
watching that obviously r and it's been talked about a lot,
and you know, it's certainly had that impact on confidence
that we hoped it would have.

Speaker 3 (17:44):
Yeah, what's your sense of spring and summer? Does it
take off or is it a slow burn?

Speaker 11 (17:50):
Well, what we've got at the moment is a whole
lot of inquiry, Mike, and it's starting to transact into deals,
you know. I mean we would usually, although we're not
at sea now as we used to be, we would
usually see July and August being our quietest two months
of the year, and you know, year to date, July
and August have been our biggest months of the year.

(18:11):
So that's certainly showing that some of that confidence is
turning into transactions. And spring, spring in the back end
of summer are usually have to selling seasons. So I'd
hope that this confidence would continue and we'd see some
more stock traded, because I think the the other key
part in our market at the moment, of course, like

(18:31):
a lot of places around the country, is we've collected
of a lot of stock while have been up and
there's a lot of choice out there for buyers at
the moment, and you know there's a lot of stock
to be absorbed, so it's going to take some serious
gross in that demand curve to absorb some of that
stock before we see any sort of impact on pricing

(18:52):
good stuff.

Speaker 3 (18:53):
I hope it goes well with you, mate, Sean Patterson,
who's the general manager of Baileyes and the Currimental speaking
Whi's nineteen away from seven get we've got big lookings.
New listings up eight point one percent year on year
in August sixteen and nineteen. Regions of scene increases in
listings Marlborough through the Roof about forty one percent increase
in listings one of A two Wong and Ibi thirty nine,
a Tigo thirty four. Auckland barely moves zero point two,

(19:14):
but there's a lot of houses on the market in
Auckland have been for a while. Why Cattow three point one,
Wellington three point five, Cantory fourteen actually let's call it fifteen,
West Coast thirty three. Incredible, Nelson, I'm afraid to tell
you Nelson North and Corimandel backwards decreases of eighteen eleven
and five. The figures we've dipped in the national asking price.
Asking is not a sale, but asking is asking eight

(19:35):
hundred and forty four thousand. So there's a lot of
data out there at the moment. In spring is upon us.
And if you experienced some of the weather. My daughter,
one daughter flew down to the Kneed and back home
over the weekend, had to try and land twice. Not
that she was flying the plane, but was on a
plane that had difficulty landing because of the wind. So
it's weird weather. Another daughters in Queensland at the moment
on a contract. She's sitting in thirty two degrees in spring.
It's just ridiculous. And I was sitting in about twenty

(19:57):
two to twenty three in the country. So something weird's
going on. Eighteen to two The.

Speaker 1 (20:01):
Mic Hosking Breakfast Full Show podcast on iHeartRadio, part by News.

Speaker 3 (20:06):
Talks, it be reality check on housing Mike. Without productive
games leading to real increases in wealth, any green shoots
will be cashed, vendors trading with cash purchases. Ellen your
spot on, of course, which is one of the many
problems we have with the economy in this country. Speaking
of which, the former Reserve Bank economist Michael Ddell's with
us after comments from the outgoing See of the Treasury
once again, apparently we need to talk tax or do

(20:30):
we six forty.

Speaker 1 (20:30):
Five international correspondence with ends and eye insurance. Peace of
mind for New Zealand business is with the conter.

Speaker 3 (20:37):
Seven o'clock meantime, states Richard Arnold. Morning Morning, MA Right,
Middle East six hostages? Did what do we do with us?

Speaker 9 (20:44):
Well?

Speaker 13 (20:44):
President Biden and Vice Verdon Harris, both of them have
reached out to the family of Israeli American Hirsch Goldbook Polland,
who is one of the six who have been all
the shot in the head killed by Hermas. He was
murdered in a tunnel under rougher Ninghaza, killed a short
time before Israeli troops got the Hirsch was twenty three.
He had already lost his arm while helping some of

(21:05):
his friends who were captured at the Israeli music festival
when Hamas when October the seventh, moved in and attack,
killing what eleven hundred and sixty three people. Since then,
some forty thousand Palestinians have died in the Israeli response
and Garza the ongoing war. President Biden says he is
devastated and outraged by this latest and says he will
work around the clock to drive to to cure the

(21:25):
release of the remaining hostages and to end this war.

Speaker 3 (21:28):
Along with Hirsh, three of those just.

Speaker 13 (21:31):
Killed were in their twenties. There were also Alexander Labanov
thirty three and Carmel gut forty, both of whom helped
others during the attack at that music festival. Hirsch Polland's
parents spoke at the recent Democratic Convention in Chicago's father
John saying, in part.

Speaker 14 (21:48):
There is a surplus of agony on all sides of
the tragic conflict in the Middle East. In a competition
of pain, there are no winners. We know the one
thing that can most immediately release pressure and bring calm
to the entire region. A deal that brings this diverse

(22:12):
group of one hundred and nine hostages home and ends
the suffering of the innocent civilians in Gaza.

Speaker 13 (22:20):
One hundred and nine remaining captives. Well, that no longer applies,
does it. Some say it one hundred and one. Others
indicate that dozens of these hostages may also have been killed.

Speaker 1 (22:29):
It's a horror story.

Speaker 13 (22:30):
A Democratic Congress member Madam Schiff, who is Jewish, says
of this situation.

Speaker 15 (22:35):
It's just devastating, and these sons of bitches who did
this ought to be hunted down and brought to justice,
no matter how long that takes, so that it.

Speaker 13 (22:45):
Is part of the situation. This latest tragedy also has
spreed widespread protests in Israel right now against the Prime
Minister net Yahoo. Lana Grittewski, who was held hostage for
time but was one of the handful release too.

Speaker 9 (23:00):
Who says that those who murder hostages do not want
a deal, but he repeatedly puts a spoke in the
wheel and refuses a deal. He murders the hostages. Every
day that passes is a death sentence for our hostages.
I know this because I was there and survived this
hell well.

Speaker 13 (23:17):
Jonathan dakal Kin, whose son Saguy is one of the
hostages still unaccounted for, also is critical of the Israelips have.

Speaker 16 (23:25):
No explanation, a reasonable explanation, why our government is refusing
to deeply engage in these negotiations and complete them when
our entire senior military establishment and intelligence community has been
saying publicly and openly for weeks and months that the
time has come to end the fighting in Gaza.

Speaker 13 (23:49):
Free the one hundred and one. He says again, how
many of those individuals still are alive?

Speaker 1 (23:52):
We simply do not know.

Speaker 3 (23:54):
And then we come to yr and Tom Hanks, Yeah,
the beloved Tom Hanks.

Speaker 13 (23:58):
Later I thought he would start to concerns about AI fates,
he says, his image and voice of being used to
peddle some medical miracle cures he knows nothing about and
certainly does not endorse. He says, quote, do not be fooled,
do not be swindled. So that follows the skeleton Handso
fuo back a bit when she claimed that chat GPT
had recreated her voice, even as they said no, they didn't,

(24:18):
despite having approached her initially to use her voice anyway.
State polleys in California have laid out some new legislation
to ban deep fakes and regulate AI. This weekend is
the deadline for Governor Gavin Newsen to sign on. Not
clear how this will go. News from has said and
the pasties and want to destroy this new technology just
as it's emerging. So we'll see the other question is
what could you actually do? The ideas at social media

(24:41):
would need to become way more aggressive and remove political
deep fakes one hundred and twenty days before an election day.
That's one of the one of the ideas.

Speaker 10 (24:49):
I don't know.

Speaker 13 (24:49):
When it comes to photography, I see loads of fake
photos on the internet these days. Rainbows in the midst
of tornadoes seems to be a common one. Then the
other week the New York Times had a photo quiz. Yes,
which photo graph is reel and which is a fake?
I'm a photographer. I think I am moderately intelligent. I
got forty percent right.

Speaker 3 (25:07):
Might see whence they presci out of very much? Actually,
my wife asked chat GPT over the weekend, when do
Oasis come on stage? What time? Chat GPT came back
and said Oasis broke up. Whenever Oasis broke up. Chat
GBT doesn't even know Oasis back together. Now, why would
my wife be asking chat GBT why they're coming on stage?

Speaker 1 (25:27):
What time?

Speaker 3 (25:28):
Ah, there's a story for later, by the way, just
a reminder of San Francisco and what a hell hole
it's become. As the NFL season kicks off this weekend,
guy called Ricky Purcell, who plays for the forty nine ers,
was shot, so he's in hospital, shot in the chest.
He's in a serious but stable condition. They've rounded up
a seventeen year old who was looking to rob him.

(25:49):
He was looking to rob him with a gun at
three point thirty in the afternoon in Union Square. And
if that doesn't paint a picture of what's going on
when that place, nothing does.

Speaker 1 (26:01):
Ten to seven the Mike Castle Breakfast with Vida Retirement
Communities News.

Speaker 3 (26:06):
Tom said, b I'm reading about Sarah Vagenecht in Germany
and she didn't like any of the political parties, so
she decided she'd found her own, which she did. BSW.
It's called and they've had some elections over the weekend.
They've just literally ended now and she's part of what
you'd loosely call the right. The left ended up alienating
itself from its voters and important social issues, good wages,

(26:29):
good pensions, and we're no longer their focus. Instead woke
identity politics have done them in. And if you look
at the result of these regional elections this morning in Saxony,
the Christian Democratic Union thirty one percent, the Alternative the AfD,
the far right thirty one percent, her party eleven percent.
If you looked to Trenia the alternative AfD thirty three percent.

(26:50):
In other words, what's happened? Her party, by the way,
came at fifteen percent, she's polling at fifteen to twenty percent.
She started a new party and all of a sudden
she's polling like that fifteen to twenty percent. The old
parties are falling apart. This has been a catastrophic disaster
for Schultz and his three parties currently running federally Germany.

(27:11):
He will be sweating bricks this morning as a result
of what is unfolding in front of his eyes. In
Sunday afternoon and evening in Germany, five away from seven.

Speaker 1 (27:22):
And the ouse. It's the biz with business fiber, take
your business productivity to the next level.

Speaker 3 (27:28):
Real estate, more real estate this time. Retirement village has
got a study here to show you just how big
that particular industry is. The agency JLL. This is their
annual Retirement Village study. It's found that more than fifty
three thousand New Zealand doer's live in a retirement village.
Fifty three thousand, which is up. This is the interesting
thing for me. In a couple of years from twenty
twenty two, it's gone from thirty nine thousand to fifty three.

(27:49):
It's a lot of people. Forty one hundred and one
village units in around four hundred and seventy villages across
the country. Some insects listed businesses. They're selling properties at
the moment, adjusting expansion plans in the tougher old market.
That'll turn around the There are more than twenty two
thousand more units planned, with under ten thousand under construction currently.
Auckland's got the most villages, twelve thousand, six hundred units

(28:11):
and one hundred and six villages. They're home to about
sixteen thousand residents. As far as operators, we got the
big six in this country. Ryman's got eight and a
half percent of villages around the country, MetLife Care seven
point nine, booper at seven point seven, Somerset NACAN here
at seven point four hour, mates atur v to six
point eight percent of the other major players. The growth areas,
where are we building. We're building in the Bay of Plenty,

(28:32):
of course in Auckland and in Hawks Bay. There you
run the top three region. I mean it's a number
of people involved in that aren't there Now After seven
o'clock we've got the old business of child support. This
has been a cataclysmic cockup as far as I can
work out, for decades. And so the claim now is
that IOD don't chase you up if you don't pay no,

(28:52):
and seems to care you certainly don't end up in court.
I'll give you the specific numbers, but they're a joke.
Also the claim from the head of Treasury outgoing that
we need to fundamentally deal with debt, which I've been
saying in this country for years. The structural debt in
this country is chronic, it's crippling, and all we ever
do is rack up more debt. And then to solve
the problem when we panic a bit is come up
with a new idea. Let's have more tax, let's have

(29:14):
and her idea as we need a capital gains tax.
So we'll have a look at this in the next
half hour. Then the business of health is literally everyone
sick in this country. Is that the problem is literally
every single person lined up for some sort of elective surgery.
Because I don't know what the hell's going on. So
we'll ask the Health Minister, Shane Retty, when he's with
us here on the Mike Hosking. Business with the news next.

Speaker 1 (29:36):
The newsmakers and the personalities the big names talk to,
like the my costing breakfast with the range Rover, the
la designed to intrigue and use.

Speaker 3 (29:46):
Togs b Welling seven past seven. So trouble in the
area of child support. Of the ninety one thousand or
so who paid child supports, sixty six thousand are in default.
How many have ended up in court thirty six that's
in the past twelve months, which is about half of
one percent. And that figure, by the way, from my
ID is in fact an increase family law barriers. To
Sharon Chandras will the Sharon morning.

Speaker 17 (30:04):
To you, Good morning, Mark.

Speaker 3 (30:06):
This has been a mess forever. Is that fair?

Speaker 18 (30:10):
Well, it seems that they have not had a policy
in place, and that is the problem here, because what
they've said is that they assess each case on its
own merits, on a case by case basis, without any
general policy or thresholds in place to take enforcement action.
And therein lies the problem.

Speaker 17 (30:30):
Is there a.

Speaker 3 (30:30):
Problem that can be fixed because this literally, in my experience,
has been going on for decades. I don't know how
many interviews I've done about this. People the fault. No
one gets chased up there's acrimony and angst all over
the place, and it's been a problem forever. Well.

Speaker 18 (30:44):
I think the reason that they've attributed to their lack
of enforcement action. First they said it's because of COVID
and also a change in government priority. So it may
very well be a resourcing issue, because it's not that
they don't have the power to take action. The legislation
does give them powers to obtain warrants, succeed and charging

(31:05):
orders and the light.

Speaker 17 (31:07):
It just seems that.

Speaker 18 (31:07):
They don't actually take steps and use the options that
are available to them.

Speaker 3 (31:12):
Those are big number, sixty six thousand people in default.
What do you need to do to be in default?
Have you missed one month? Are you in default?

Speaker 18 (31:20):
You wouldn't be. I expect that that number would bundle
up all the different balances of debts, regardless of what
the debt balance is. But I think the number does
increase exponentially because of the interest and penalty. So the
numbers can look a bit secured in terms of debt
balances when it includes interesting exactly.

Speaker 3 (31:38):
What I wanted to raise, because once you're in default,
you're in default. Default the fault and interest if you've
scarped to Australia and you're never going to pay that
just builds and builds, doesn't it?

Speaker 18 (31:47):
Absolutely, that's right, and that's what that six hundred and
sixty three million number includes, all of those interests and
penalties on top of the principal balance.

Speaker 3 (31:55):
How many clients do you sit across the desk from
San Sharon and simply go, look, it is the way
it is. I'm sorry, I don't know.

Speaker 18 (32:01):
What to do well because I do a lot of
relationship property. But what I try to do is bundle
up the child support within any settlement around the division
of relationship property. It's not a full proof way of
dealing with it, but at least if you can incorporate
it into the settlement and get some kind of voluntary

(32:23):
agreement in places part of the overall property division, then
I find that that tends to amelia to the issues
that we're.

Speaker 3 (32:29):
Talking about, because how much of a problem is anger
and fury and frustration the family court and no one
wins and everyone's a loser, et cetera, and hence there's
the start of the problem.

Speaker 18 (32:41):
Well, I think card support seems to be one of
those one of those sensitive topics for the majority of parents,
and I think it must stem from them. I mean,
you're dealing with children here, and that usually the most
important thing in most parents' lives, and so it's a
very sensitive topic. And when you've got a system that's
completely broken, that well on its way to being broken,

(33:03):
then a Devin.

Speaker 3 (33:04):
Maxwell, Sharon, appreciate your time, Verty much, Sharon Chandra. Ongoing
problem of course, ninely one thousand people pay child support,
sixty six thousand are in defil Ten minutes past seven
scar speaking of other problems Health Service and the Minister
of Shane Retty with us after seven thirty rare insight
from the chief executive. Before that though Chief Executive of
Treasury leaving a job shortly exit interview. This is Caroly McLeish,

(33:27):
doctor says changes are required to address the Crown's structural deficit.
She's arguing for a higher retirement age and introducing a
capital gains tax. The former Reserve Bank economist Michael Riddell's
with us on this Michael morning, is she broadly right?

Speaker 12 (33:41):
I was just probably wrong about the structural deficit. And
structural deficits don't fix themselves. They need hard choices about
things that governments don't want to do. You can't just
nip and tuck cut a fewback off of staff out
to solve those problems. It's become quite a serious issue
in the last few years.

Speaker 3 (33:58):
What is the structural deficit?

Speaker 12 (34:00):
Jectural deficit just means one that won't go away by itself.
So you have when the economy turns down and we
have a recession like you have at the moment, it's
natural that revenue tax revenue drops away the recession temporarily.
A structural deficit is when the economy recovers, are you
back to dalance or back to surplus. If it's deficite,
you're not. And that's the situation that we're in now.

(34:21):
The economy could recover back to trend growth and we'd
still be left with a large deficit, and one that
only is going to get worse next decade. There's the
precious of an aging population on health and superannuations spending worse.

Speaker 3 (34:34):
Why don't governments run their lives the way we run
our lies?

Speaker 12 (34:37):
Broadly well, Gerily, governments had a pretty good record for
twenty years of doing so under both national and labor
and it's really hard to understand the last five or
six years you know, a Dernam Robertson before COVID was
still running surpluses. COVID displaced things. There was a lot
of spending that had to happen because of the COVID shutdown.

(34:58):
But then we never got back to discipline spending after that.
And once you lose that discipline, it's really hard to
regain it. And Treasury is partly at fault for that.
I mean, their advice until too late in the piece
to Grant Robertson was that it was okay, there was
room for further increases in spending even after the worst
of COPD was over.

Speaker 3 (35:17):
Right, So when you talk about a capital gains tax
and the retirement age, you're talking not only fiscal but politics.
Is anyone bold enough if they were going to run
the argument, to actually run it and go for a
vote and take that risk or not well?

Speaker 12 (35:29):
I mean National has campaigned in the last two or
three elections for very slowly raising retirement age. New Zealand
first is the block. They're an absolute no on this.
Later back in twenty fourteen, campaigned on it. I think
almost everyone recognizes in sort of policy circles that it's good,
insensible and necessary and overdue adjustment. What will enable someone

(35:51):
finally to make the move, I'm not sure. Maybe it
takes into the crisis. Cameral gains tax is one of
those where there's sort of a lot more genuine difference
of view as whether it's fair and right and also
whether revenue. A lot of the capital gains in the
last few years has been House of Christ inflation. But
Christ Bishop tells us the hit housing reforms are going
to cut out prices, so they might not be much

(36:13):
revenue there.

Speaker 3 (36:13):
Well, we'll see what happens. As a pleasure Michael Michael Riddell,
former Reserve Bank economist. As thirteen past seven, they had
a letter in front of me. It starts tena koto,
as so many letters these days tend to. But it
is from a grouping of people involved broadly in the
energy sector. Gas New Zealand Major Electricity Users Group, Major

(36:34):
Gas Listers Group. Electricity Networks are tier Roer Energy Resources
are tier Row Business New Zealand Energy Council, et cetera.
The right of the government, as a collective representing New
Zealand's energy and resources sector, we righte to advocate a
return to cross party consensus. Not sure where they think
they had cross party consensus, but apparently they want to
return to it. They point out, probably obviously keeping the

(36:56):
lights on our homes, schools and hospitals warm and our
factories operate shouldn't be a part of an issue, no kidding,
A New Zealand Inc. Approach is required. They conclude with
their words A useful way to help start to frame
up a cross party consensus. A. The importance of policy
stability to unlock long live private sector investments fair enough.

(37:18):
B the resilience of New Zealand's energy system to climate
in other shocks. See the strength of an energy system
that has access to diverse technologies and fuels, and the
sector playing its fair part in our journey to a
net zero carbon emissions future. So, in other words, they
want everyone to get on together, or build roads together,
or build infrastructure together, and all provide power together.

Speaker 4 (37:37):
Mique problem solved.

Speaker 3 (37:39):
Yeah, yeah exactly. So my question is what chance you
reckon that's going to happen? Quart to past.

Speaker 1 (37:46):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by newstalksb.

Speaker 3 (37:52):
Use Talks AB seventeen minutes past seven. Health Minister Shane
reading the Sports after right.

Speaker 17 (37:56):
Of course.

Speaker 3 (37:56):
Another idea to help the environment to do with tires.
We import six and a half million tires every year.
Three point nine million of those end up on the
landfill or dumped. So tire Wise, private scheme supported by
the government, is here to help. Apparently Adel roses with
us on or this adele morning.

Speaker 19 (38:11):
To you morning Mike.

Speaker 3 (38:14):
How many of us even think about it given we
just go down to wherever and you know when you
do the warrant and they flip the tire across and
we just drive a new tire away.

Speaker 19 (38:24):
Well, I think that that's a good point. And so
what Tirewise does is make sure that once you leave
the store you can be sure that your tire gets
to where you think it's going to go to an
end of life. So by their saving the phase actually
collected by the regulator at point of import on both

(38:47):
tires or MZTA on vehicles and so that money is
then controlled through the supply chain and tire Wise pays
for that collection make sure that the tie gets to
the processor.

Speaker 3 (39:00):
Where do they actually go.

Speaker 19 (39:02):
Yeah, so they go to various these about seven different
places around New Zealand where they go to that processes
shred and chap and to tires and a crumb rubber
and the largest proportion goes to Golden based in Portland
is tied to I feel most of the processings in Auckland,

(39:22):
of course Aukland, Cambridge around that area.

Speaker 3 (39:25):
Does any of it end up on roads? I thought
they were making it into roads.

Speaker 19 (39:28):
Well, that's what we want. So that's the holy grail
for New Zealand really is being able to put it
back into roading as they do just about everywhere else
in the world. Yeah.

Speaker 3 (39:40):
Yeah, imagine if we could fill the potholes with old tires.

Speaker 19 (39:45):
Well, imagine this that our roads last thirty percent longer,
twice as nearly twice as durable, they cost a bit
more that the money is not be made and going
back and filling the potholes and radioing their road.

Speaker 17 (40:03):
So that's that's what we want.

Speaker 19 (40:05):
And kind of meeting with the MZTA and early teamder
to try and push that, but only hold up as
procurement we can do it in New Zealand. Yeah, So yeah,
that's where we want our tires and news ou and
going back and to roading.

Speaker 3 (40:18):
I hope it goes well for you. Adele appreciate it
very much, Adele Rose. Tire wise, how many of us
think about where they go and what they end up
and you can always use them for the little planters.
You take a tire, you fill it with some soil,
you put some potted color in. If you want a
bit of height, you put two or three tires in,
so you've got elevated potted color. Just ideas. Seven twenty.

Speaker 1 (40:42):
The Mike Asking Breakfast Full Show podcast on iHeart Radio
powered by News Talks.

Speaker 3 (40:48):
It'd be now listen as we age issues like you know,
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But they're available at eight hundred triple nine, three oh nine.
Asking now seven twenty four. Now, with the news last
week that a lot of people are changing banks as
they refinance their mortgages, we once again ask ourselves whether

(41:53):
the problem we think we have is actually a problem.
We seen at least than part in this country to
be caught up with the idea that if you're one
big and two profitable, there might be an issue. Banks
have taken heat, of course for years, so much so
that the government's passed and indeed this current one are
asking some fairly serious questions about the way they do
business now. The rural sector not shorter than opinion on

(42:14):
the way they're being treated at the moment. But the
recent Commerce Commission report into the sector tells us very
clearly there isn't enough competition, despite the fact that there
are in fact no shortage of actual banks with which
to do business. Open banking has been touted as a
good move forward, and in theory might well be, but
the Australians will tell you it's hardly a game changer.
Technically it's easier to swap banks. Good do they well?

(42:36):
Seems no more than previously. So the figures produced last
week by the Reserve Bank are instructive because they're a
real world example of banking and action at the moment.
The banks are busy offering deals. Of course, they want
money out the door. They're cutting rates multiple times so far,
and that story, by the way, isn't over. There are
plenty more where that came from. And as a result
of the deals on offer, people are shopping around, people

(42:56):
are moving, people are taking the arrangement that best suits them.

Speaker 2 (43:00):
Now.

Speaker 3 (43:00):
That is what's called the market working. Now, if you
run a poll and ask whether people are happy or
you're paying too much. We like things to be cheaper,
you'll always get the predictable answer. I mean, even at
supermarkets as prices drop, people will tell you they're not.
Once again, I offer the rider that this is not
a defense of banks or banking or big business, but
it is an observation of the real world based on

(43:21):
real facts and real events. So just how bad is
the perceived problem versus what's actually happening? Asking swing, Glenn says,
a swing for your tires. Quite wrong. I should have
gone swing over potted color, but it's too late now.
My child support threshold, the system seriously flawed because it
incentivizes parents is to go for financial gain over best
interest to the child. If I've got my child one

(43:43):
hundred and two nights per year, which is twenty six percent,
I paid the same amount in child support as I
would if I had them zero nights a year. One
hundred and three nights or twenty seven percent changes the
amount paid considerably. Don't even get me started on every
single one of us over the years has been involved
or knows somebody who is being in some way, shape
or form, part of this complete and utter cluster of

(44:03):
a system. Mike and defense of the many honest and
functional split families. This is a very good point. Many
parents have child support arrangements without IRD. In fact, when
you refer to the IID website, they make it clear
their preference is not to be involved if things can
be agreed and managed mutually. That's an excellent point.

Speaker 9 (44:19):
Mike.

Speaker 3 (44:19):
A new plant's under construction to make a product that's
being used in Tarsal from recycled tires. This is the
first plant of its type in the country. They will
recycle eight thousand tons of tires per year. Brilliant, Mike.
And the roads in Marlboro blasted lasted thirty percent longer.
That would make their life span about six months.

Speaker 17 (44:38):
Very good.

Speaker 3 (44:38):
And then we come to the vexed issue of health.
So more and more electives are being dropped. Why are
because they require the theaters and the people in the
theaters to do more important urgent stuff, which then leads
you to the question, why is there so much urgent
medicine going on? Is less dis solving this problem? Do
Shane know what's going on? Questions and answers on health

(45:00):
right after the news, which.

Speaker 1 (45:01):
Is next the Breakfast Show. You can trust the Mike
Hosking Breakfast with Bailey's Real Estate, your local experts across residential,
commercial and rural news togsad be.

Speaker 3 (45:13):
It's some concern. I tell you that Stat's New Zealand's
investigation into the census data allegedly misused during the election campaign.
That particular investigation has been extended and we don't have
a new deadline. So the argument was to party Mari's candidate,
this is tash Kemp, Takatai Tash Kemp. Sort of they

(45:34):
were all at the Mariah. She was the CEO of
the Mariah. She was a candidate in the area. You
go along and you might be filling out your senses,
you might be filling out your entry form to participate
in the election, and it all got a bit so
hence we have an investigation. Multiple agencies are investigating. Quote,
it's vital the people in New Zealand can trust that
when they provide their information to us, it's held securely,

(45:56):
no kidding. Findings would be shared with the police, the
Public Service Commission, in the wider public. All that's good,
but we just don't know how long it's going to
take and what we're going to find. Twenty two minutes
away from it, support a course after right with the
lads in the commentary box. Meantime, there's a business of
Health New figures this morning nearly one in five elected
surgeries have been canceled, and that's because they get bumped

(46:16):
due to the acute or emergency patients in great in need.
Now the Health New Zealand's been investigating this particular problem
at the request of the Minister, and the Minister is,
of course, Sir doctor Shane Rittie, who is with us.
Very good morning to you.

Speaker 20 (46:27):
Good morning Mike.

Speaker 3 (46:28):
You've got any answers.

Speaker 20 (46:32):
Look, we've certainly got solutions, but this is a key
issue that twenty percent to are canceled due to acute surgery.
Of course we want that if you're urgent, you do
take a priority. But the consequences if you've been planned
for weeks, months or whatever, you get bumped off. And
so the most immediate solution is a model of care
that separates the issues and electives. That is that one
hospital little More for example, does the acutes and counties

(46:54):
Monakal does the elective. Then you don't get bumped off
with what's coming in through the front door.

Speaker 3 (46:58):
Yep. That's good on a major city like Auckland. What
about every other city that doesn't have quite the same
facilities as Auckland does.

Speaker 20 (47:05):
Yeah, so this is part of the models of care
that we're looking to roll out across the country. How
we can separate either physically or functionally acute from electives
so that the electives are not canceled out enough. There's
a number of things to do here. We need to
look at that workflow into theater, so a theater utilization,
are we starting on time? Are people turning up with

(47:26):
their consents all done? And then of course making sure
we've got the right people in theater to do these cases.
Six five hundred more cases done to the end of
June twenty four. So that's pleasing, but a lot of
work to do.

Speaker 3 (47:36):
Good do you have the facilities and the people And
isn't that fundamentally what the problem is.

Speaker 20 (47:43):
Yes, it is a couple of things. One of the
pinch points for the last eighteen months has been something
called anesthetic technicians, which are a really specialized group of
people that actually were holding up or not enough of them.
We're holding up some of our ambitions around planning care.
So building up that workforce and then if you stay
more beds like Totadahomo who the new building with more beds.

Speaker 3 (48:04):
Okay, by the way, a couple of things before I
forget because I haven't interviewed you since there was a problem.
A couple of weekends ago. There was a massive jobs
fare for nurses and the queue was a mile long.
And there's all these unemployed nurses in this country who
have got visas who came into the country, but they
can't be employed. How come we got so many one?
How many? We got so many people coming into the
country on a visa for a career that we're short of,

(48:25):
and yet they don't get jobs. How does that work?

Speaker 21 (48:29):
Yeah?

Speaker 20 (48:29):
Great question. And in fact I'm overready asked for briefings
and receive some of them around our immigration settings, because
if we just don't have places for these iqns, these
international qualified nurses, then we shouldn't be offering them pathways
through what's now and Osky into New Zealand. Furthermore, the
risk we run that we're then unable to take on

(48:49):
our own domestically trained graduates. You know, part of the issue.
We've got here now, So have got that piece of
worker looking at the immigration leaders, looking at the nursing
council leaders, because I think we need to be honest
with some of these nurses. There is a place or
there is not a place.

Speaker 3 (49:02):
Yeah, exactly good. Then the next question is this emergency
stuff that's bumping electives off? Is it an emergency because
they didn't go to the GP in the first place,
because they can't get to a GP things have got bad,
then they're an emergency or are we just getting sicker?

Speaker 20 (49:18):
It's a combination of both. Or to the first point, though,
I have seen some papers suggesting that it's not always
that everyone turning up at ED are people who could
be seen in primary care because to your second point,
people are presenting much more ill than they previously would.
So is a combination of the boat both. There are
some who do turn up at ED who could be

(49:39):
seen in primary care, and in places where we have
a primary care facility alongside the ED, they go there.
But it's not quite the answer that people would think, Oh,
just turn on more primary care and it'll solve our
ED turn ups. Some of them are turning up so
ill just the nature of being an older population getting
more ill that actually they were unsuitable for primary care
as well.

Speaker 3 (49:57):
Is it just age or are we not looking up
for ourselves. We're eating too much crap, we're too fat,
and we're ending up ill and that's going to burden
us for years to come.

Speaker 20 (50:07):
Combination of things, because if we look at all around
the world that aging population. As you get older, regardless
of the perfect lifestyle, age will for you and so
you will be more susceptible to getting ill. Your immune
system naturally runs down. You'll become more susceptible to getting
ill and that is more likely to place you in hospital. Undoubtedly,

(50:27):
the lifestyle choices that we make can enhance that can
further run down your immune system, but age will do
that regardless.

Speaker 3 (50:34):
Okay, Lester Levy, do you have a sense of how
he's going.

Speaker 20 (50:39):
Yeah, making good progress. This is a hard job. Just
remember this is the biggest organization in New Zealand and
as we've lifted back the covers has been financial surprises,
as you'll be aware of, He's making really good progress.
We've appointed the four regional deputy chief executives, so passing
those decisions making out of Wellington back into the regions
they will been appointed. Most of them have already started,

(51:00):
so making good progress. This is a long, slow haul
to lift this up.

Speaker 3 (51:04):
Fix the wholes Okay, given the size of the problem
you face and the money involved, how is it. I'm
watching the news last night and we're having a debate
about toast and pregnant women, and how has it got
so bad that toast is a debate.

Speaker 20 (51:19):
I completely agree with you. These are adult women who
can make choices. And a furthermore, toast is an easy
comfort food after having a baby. So, as I expressed,
too healthy is in seriously reconsider your positions on this
makes no sense to me.

Speaker 3 (51:33):
Good nice to talk to you, appreciate it. Doctor Shane Retti,
health Minister, seventeen away from eight.

Speaker 1 (51:38):
Cool the Mike Asking Breakfast, a full show podcast on
iHeartRadio powered by News Talks at Me.

Speaker 3 (51:45):
It is fourteen minutes away from it. I was just
thinking about the health system and we'll find out tomorrow
whether or not it's driving people to health insurance because
I haven't for some reason. We were doing some Madmond
the other day and my health insurance bill was presented
in front of me and I looked at it and
I thought, man, that's a lot of money. I've never
claimed health insurance in my life, and I thought, that's

(52:06):
a lot of dough to be paying for something that
may or may not happen. Of course, when I get
to sixty nine and I suddenly need I'll, you know,
there'll be a great I assume I'll be grateful for it.
Who knows, Mike, government that can print and fund money
its own currency, which New Zealand does, can run the
economy differently than households. This goes back to our conversation
with Michael dellen Moore tax and I said, why don't
we why doesn't the government run this country the way

(52:27):
we run our lives? Imagine if you could print your
own money totally different management. I don't think so. I
thought about your Texicans it came, and I don't think so.

Speaker 4 (52:33):
You can.

Speaker 3 (52:34):
You can, to a degree, print your own money to
the extent you've got access to credit, and you've probably
got more access to credit than you think you do,
and you've probably got enough access to credit that if
you tapped out all your credit, you'd be in a
position where you think, bugger, I've probably borrowed too much
money and I owe too much and you'd be sweating it.
And so therefore you can run your life the way

(52:54):
we run the country. But you don't, well most of
us don't anyway, right life lesson over the weekend, our
youngest is involved in a relationship with the boy's got
a band that's actually a whole another story that I've
come to at another time. Anyway, the band is named
after the Oasis, not Oasis, but they were a band
called the Fire, the Rain, the Fire, the Rain, whatever

(53:15):
they were called. They were called something before they were
called Oasis, so they named their band after Oasis before
they became Oasis. So their fans of Oasis. So on Saturday,
they're all online. It's about half a dozen of them,
friends and family and stuff like that, hunting down the
magic tickets for Manchester and next year. So one of them,
I think a friend of a friend, actually got in.
So you go to the waiting room. If you're lucky,

(53:37):
you go beyond the waiting room into the queue. If
you're super lucky, you go up the queue to the
front of the queue to get some tickets. Then you
go to the checkout. One of them got to the checkout,
at which point the site crashed. This apparently is not uncommon.
No one else got anywhere close, including a person I'm
married to who sat online for several hours. In fact,

(53:57):
sat online for so long she fell asleep and woke
up the next morning. But she never got into the queue.
She was only ever in the waiting room. Our youngest
got into the queue, entered the qu at sixty nine
thousand and something. So you're thinking to your so, h yeah,
sixty nine thousand is something. Ticket Masters a scam, and
so what happens is they sell tickets based on demand.

(54:20):
So I'm convinced that what they do is they slow
the queue up electronically, so the demand builds more and
more people are in the queue, and then that of
course pushes the price up. So she was after some
general admission tickets one hundred and fifty quid. She ended
up paying three hundred and fifty quid because yes, she
got tickets, got four of them. Manchester Wednesday July or whatever,

(54:41):
fifteenth or sixteenth, I think the sixteenth of July Hampton Park,
which turns out to be a dump because Manchester is
a dump. And what we were thinking is when do
they come on stage? Because it's a weekday. The tram
stop at about nine o'clock, so you can't you can't
get there, you can't get back they're charging one thousand
dollars for a camping ground ticket camping ground one thousand dollars.

(55:05):
So the life lesson we've learned is when you buy
tickets to overseas concerts, what then happens is you need
to fund that. You need to fund the airfare, you
need to fund the transport, you need to fund the accommodation,
not to mention the concert tickets. So they've got between
now and July next year to work out how they're
going to do that. But I cannot put into words

(55:26):
properly just how much excitement there was that they are
heading to Manchester next year to see the reunification.

Speaker 4 (55:35):
Oh bo ways, it's assuming they haven't broken up again
before then.

Speaker 3 (55:39):
Well it's early in the tour, so at this stage
we're moderately confident. Ten away from eight the.

Speaker 1 (55:46):
Mike Hosking breakfast with the range rover of the line, news.

Speaker 3 (55:49):
Talks had been Mike four ticket six hours and the
queue checked out. Accommodation hardly anything under five k New
Zealand or non refundable for two adults and two nights.
Well good luck with that. Seven away from a coffee debate.
That's back what we pay what we should be paying,
it has argued, is two different things. By the time
you deal with your inflation, you're overheads. You decline, but
that all that stuff, it should be eight dollars eight
dollars for coffee flat coffee companies managing director Richard Corney

(56:11):
is whether it's Richard morning to you.

Speaker 10 (56:14):
Michael's are going very well?

Speaker 3 (56:15):
Indeed, what sort of company you write? Your multi outlet company.

Speaker 10 (56:19):
One retail site in central Wellington, But we sell wholesale
throughout one hundred year in dis cafes of this throughout the.

Speaker 3 (56:26):
Country, right, So as the wholesale part of the equation,
that's what keeps you a float of you with just
a bloke on a corner selling coffees, would you be
gone by now?

Speaker 11 (56:34):
Yeah?

Speaker 10 (56:34):
Well, generally speaking, with less than please force us in
architects profit margins, it's pretty hard out there. A lot
of operators operate the cafes on a vocational base. Obviously
there are there others that make try and make those
business elders. But similarly, the last four years as a

(56:54):
hospitality operator has been nothing like the previous team.

Speaker 3 (56:57):
Means be sure no and as yours are Wellington story
for obvious reasons and therefore you might be hurting more
than others or not.

Speaker 10 (57:04):
No, I think I think what we're experiencing is quite
consistent across the country. Definitely, Central Auckland, the inner city
has with the city rail link and the current organ
transport works is hurting as much as part of Wellington
and other major things we're government was based. So certainly

(57:25):
not a Wellington unique situation.

Speaker 3 (57:29):
Right if you put it at eight bucks, what do
you reckon would happen?

Speaker 17 (57:33):
Oh?

Speaker 10 (57:34):
Yeah, well the market would react, wouldn't it. No, it's
I don't think eight dollars are sustainable. I think.

Speaker 12 (57:41):
I think what's important for people.

Speaker 10 (57:44):
To understand is that if if cup coffee cup pricing
kept up with in our example of our rings increases
and other overhead increases over the last felve years relative
to what we were charging back in twenty twelve when
we opened, it would be eight dollars nine cup.

Speaker 3 (58:00):
Wow.

Speaker 10 (58:01):
And you know, I'm not saying that people should be
paying eight doors only a cup. I think what's important
is people understand that, you know, a couple of coffee
is greater than the sum of its part, and you know,
like we've had one hundred and thirty four percent increase
in our rent since twenty twelve, paying one hundred and
six percent more in wages since twenty twelve, relatively speaking.

(58:25):
So yeah, it's really the value has got to come
from somewhere, and cafe operators, hospitality operators are certainly needing
to pass on those costs to you know, to have
a business.

Speaker 3 (58:39):
And at all, Yeah, you're trapped. It's the problem, aren't you, Richard.
At the end of the day, you cannot pass on
the costs that have been thrust upon. You appreciate your insight,
Richard Corney, who's flight coffee company? And I think he
was Was that a trainer a plane? Difficult to tell
on the background, but nevertheless he's on the move. If
one unbelievably exciting in Monza, what else can I tell you? Warriors,

(59:03):
good way for Sean to go out on sort of
be high, but the season's still a bust. You can't
argue with that. And the big question, of course, what's
the point at the highest level of sport if the
officialdom isn't up to it? And that surely is the
all black story. So the commentary box next.

Speaker 1 (59:21):
Big news fold. Opinions the Mic Hosking Breakfast with a
Vita Retirement, Communities, Life your Way, News, togs Head, be.

Speaker 22 (59:31):
Sp rooms, no rum, no run comes, bring box crumpteen
right down, climb back and beat the.

Speaker 10 (59:41):
Od Lakes teny one twenty seven at Alan Park and
you had a.

Speaker 8 (59:47):
Birding whiting waiting.

Speaker 22 (59:54):
After full time down by six said that's bright and
they get home under climb when five one can see
rights out script written, produced, directed.

Speaker 1 (01:00:15):
By Short Johnson.

Speaker 4 (01:00:17):
The movie He's Last.

Speaker 1 (01:00:18):
Jame Winsard for the Warriors. The Monday Morning commentary barks
on the Mike Husking breakfast.

Speaker 3 (01:00:28):
We're at a seven past day, Andrew Sevill whether it's
along with guy he helped fellows. Good morning to you
morning Mike, So Andrew, question for you, what's the point
at the highest level? And there is no excuse we
should have won, But what's the point at the highest
level of sport if the official then aren't up to
it when they've got the technology available to them, Why
do these sort of mistakes happen?

Speaker 10 (01:00:48):
We seem to have this conversation every Monday morning, whether
it's the var and Football, whether it's the Bunker and League,
now the TMO in rugby union once again. And the
irony is that, of course, the TMO pretty much ruined
that World Cup final between the All Blacks and South
Africa last year. Look, it clearly wasn't a try. I
don't know why on Earth it was replayed on the

(01:01:08):
big screen, I'm sure and the ground wine Earth. The
TMO didn't interject he did earlier for a confusing call
or a miscall over a player stepping with his foot
on the outline for a line kick. So whine Earth,
wouldn't you call into the referees air? Look at this
doubt about this try. Let's go upstairs or let's review it. Unbelievable.

(01:01:31):
There can be nobody if they hadn't, if they hadn't
have given the try with the spring box, still have won. Probably.

Speaker 3 (01:01:37):
Yeah, but what there's no one arguing Andrew is there?
But when you look at that video that it's debatable.
It's not even debatable, is it.

Speaker 10 (01:01:46):
No, it's not debatable. He lost contact between himself and
the ball.

Speaker 3 (01:01:48):
Yeah, do you see it that way?

Speaker 12 (01:01:50):
Guy?

Speaker 17 (01:01:51):
Oh? Of course, I mean I've got eyes. Yeah. I
think I said it last week or maybe the week
before that. If you if you're going to have all
the technology, You've either got to get people to be
able who are able to use it properly, or just
get rid of it. It seems that we are so
often debasing incorrect calls of the use of from the

(01:02:13):
use of technology, and it's just frankly not good enough.
I mean, that was so obvious. I was under the
impression that it was the TMO who actually made the call.

Speaker 12 (01:02:20):
But maybe I'm wrong.

Speaker 17 (01:02:21):
But if it wasn't the TMO who made the call,
who's been jumping in? As Stev says, they jump in
on the most minor of high tackles or something like that.
They jump in and the most minor of knock ons.
They jump in about eight phases before a tries awarded. Sorry,
they go back about eight phases. So why can't they

(01:02:42):
get calls like that?

Speaker 2 (01:02:43):
Right?

Speaker 10 (01:02:43):
It's just unfathom We were told recently by World Rugby
you make up for that World Cup debarkle that the
tmo's powers are being peered back with the amount of
times that the TMO is going to be using the
game would be peered back. Okay, well and good, but
just leave it for trice scoring decisions in and obvious
fat play hope. When you're not going to review a
try like that, but you're reviewing players stepping on the

(01:03:06):
outline or the tan, it's ridiculous.

Speaker 3 (01:03:09):
It's part of the why.

Speaker 17 (01:03:11):
But during the week we watched the replay of the
All Blacks against the Wallabies from Sydney two thousand, the
full match, because Georgie and my wife had never seen it,
and I said, this is the greatest game in rugby
you'll ever watch. And the reason why I bring this
up is because it was so fast. Line outs took
twenty seconds for them to throw the ball and scrums
took the same There was no dilly deallying around TMO decisions.

(01:03:31):
The referee made the call. Sometimes you got it wrong,
but you just got on with it and it was
such a much better product to watch. Yes, it was
a great game, but it was still just a better
product because the game was the ball was in play
so much more than what we see now.

Speaker 3 (01:03:44):
Did Georgie agree with you at the end of the bed.

Speaker 17 (01:03:47):
I think she thoroughly enjoyed it.

Speaker 2 (01:03:49):
Yeah.

Speaker 17 (01:03:49):
I think it was a big That was a big note.
It wasn't a household well, there wasn't really much else
to watch until I think we were waiting for the
Paralympics to start.

Speaker 3 (01:03:58):
Did you did you want to talk to each other?

Speaker 12 (01:04:00):
Much?

Speaker 3 (01:04:00):
Georgeous? Just put something old on the tele.

Speaker 17 (01:04:04):
We were flicking through YouTube, I think it was, and
it just happened to be there and asked.

Speaker 21 (01:04:10):
Rugby.

Speaker 3 (01:04:12):
Hey, she's a long even married six months.

Speaker 17 (01:04:15):
I think she loved me even more Mike, Okay, if.

Speaker 3 (01:04:19):
You say so, so say at four to two for
the Razor Era, which is what by my account, we're at.
Are we worried?

Speaker 10 (01:04:31):
I think there's still look. For the majority of that game,
the All Blacks played some of the best rugby of
the season, so that's encouraging. Leo McDonald going the odd
move or the odd period of play, being at a
sync on the field still a little bit concerning. I'm
sure the coaches and management are still settling into that
team into the brave, brave, big old world of Test

(01:04:54):
match football. But the signs are encouraging. I look like
I think most of us would have picked Your Black
to win one, lose one in South Africa. They've now
lost one. Now they've got to turn around Ztown. If
they're going winning Cape Town, then I think that pressure
does ease. Look, I still cannot believe why at twenty
seven seventeen up they didn't kick for gold to make
it thirty seventeen and apply more scoreboard pressure. I don't

(01:05:16):
understand that in that game.

Speaker 3 (01:05:17):
All right, brief break more in a moment, Andrew Sevil guy,
he helped the team past.

Speaker 1 (01:05:21):
The Mic Hosking Breakfast Full Show podcast on I heard
Radio car it by News.

Speaker 3 (01:05:26):
Talk Zippy s Talk Zibit quarter past eight, the.

Speaker 1 (01:05:29):
Monday morning commentary barks on the Mic Husking Breakfast Guy.

Speaker 3 (01:05:34):
The Warrior is so sean passed. As Leslie scores, we
win the game, he's happy and God bless him because
he's a good bloke and all of that, but it
sort of doesn't save anything else.

Speaker 10 (01:05:43):
Weren't The Warrior is always going to win that game.

Speaker 3 (01:05:45):
Though, always seas that right, Yeah, and I reckon they'll
get a couple of points this coming weekend as well,
so that'll end up well, well, they won't lose, no, exactly.

Speaker 17 (01:05:53):
Your Your pointer is dang on though. I mean, yes,
it was great to see him go out, and yes
it kind of felt like he was always going to
be there in the last play, but the overriding emotion
is that they finished thirteenth and well outside of the
top eight and a team that should know where near
be where they are at the moment, there should be
a top six, top four maybe team and they're nowhere
near it. And I think if you're a hardcore Warriors fan,

(01:06:15):
that's probably the overriding emotion that you have right now.
They're not going to be in finals football again, and
that's pretty weak.

Speaker 3 (01:06:21):
Are you following it all Andrew the America's Cup yet
or not?

Speaker 10 (01:06:27):
Well a little bit?

Speaker 3 (01:06:31):
Are you great? There seems to me at this just
a cursory glance, a tremendous number of technical failures and
a lack of wind. And having been involved with it
a couple of times over the years and sort of
been there following it, you think, you know, it's always
been difficult gotting. But there seem to be a lot
of stuff here that there's not a lot going on,

(01:06:52):
a lot of people turning up and not turning up,
and races that are held, you know what I mean.
It's just got a kind of interest.

Speaker 10 (01:06:57):
Once we get to the America's Company of the match
at the interest will increase. But yeah, some of the
looking at some of this, the c States look a
bit rough, and then you have no wind, and then
there's the technical issues. I think maybe the technology has
gone too far. So watching a couple of remote control
boats within the round, I.

Speaker 3 (01:07:15):
Mean it's spectacular when it works. I mean, they're all theilble,
it's absolutely brilliant.

Speaker 17 (01:07:21):
But the big thing that's missing largely is competition. I mean,
yesterday it sounded like there was I haven't seen it,
but it sounded like there was a close race between
teen He's in and American Magic. Outside of that, though
teen is Eland has not been challenged. They're going to
get to the America's Cup and probably win, by the
looks of things, pretty easily exactly. And and I just

(01:07:41):
feel like, I mean, I watch a little bit of
sale GP. I'm not an Ardent fan, but what I
like about that is you've got ten boats on the
course most of the time and carnage half the time,
and you don't want it to be tarnage, like full
on carnage, but you want some sort of what's the
word you want exactly, and there's just none of that

(01:08:03):
right now.

Speaker 10 (01:08:04):
And the first day or two of the of the
regatta itself, or the prelim. Maybe I was driving past
west Haven then onto the Harbor Bridge, thinking if that
was here, would be going on, the country would be
going after be millions being poured into the country by
the other teams and by visitors because of what happened
last time. And it ain't here. That's true, And I

(01:08:25):
can understand why, blah blah, money and we can't beat
the F one teams, the big ogres, and we need
hundreds of millions of dollars in on have you, But
the fact that's not here is so disappointing.

Speaker 3 (01:08:36):
Still, it's true. Did you watch the F one guy?

Speaker 17 (01:08:40):
I've seen highlights and it looked like probably the best
race of the season.

Speaker 3 (01:08:44):
Maybe probably. But what we know is there were then
eight points. Now McLaren were the night points of Red
Bull and Red Bull. I don't know how to ask,
but they are shitting themselves.

Speaker 17 (01:08:55):
As they should be. Exactly if Norris had of one
from Pole, would they have.

Speaker 3 (01:08:59):
Now been quite pol Well? Yeah, quite possibly, because Norris
came third, so it was a material change for Piastre
to beat him off the line.

Speaker 10 (01:09:07):
The way, here's the question of for you, Mike, if
Red Bull is panicking, are they going to Chuck Liam Lawson,
here's the sty of their four cars next year.

Speaker 3 (01:09:15):
Ask yourself, why is Lawson not at Williams.

Speaker 17 (01:09:20):
Because he's going to be in a Red Bull?

Speaker 3 (01:09:22):
Correct? And when will he be at When's he going
to be in a Red Bull? Guy?

Speaker 17 (01:09:27):
Well, I would say next year, but possibly before the
end of the year, after Mexico, because yeah, that's a
good point. I was about to say, pires has got
to go, like the fact he's not even finishing anywhere
near the podium at the moment in a full Red
Bull car, proper Red Bull car. That's all you really
need to know.

Speaker 3 (01:09:44):
The experts all seemed to think that Lawson's going to
end up in the RB, not the Red Bull Red Bull,
which means that Ricardo's in the Red Bull, which is
a mistake beyond mistakes.

Speaker 17 (01:09:54):
Yeah, that's a that's a risk and a half.

Speaker 3 (01:09:57):
Yeah, but they are in deep, deep trouble. But what
that all means to.

Speaker 17 (01:10:00):
Last week, Horner is the one who's on the line.
I would have thought, so, yeah, he's got to be
if they don't win the Constructors Championshipship from where they were,
he's got to go.

Speaker 3 (01:10:09):
I would have thought so. So that the upshot of
all of that is it makes it fantastically interesting. Now
to end this, I think I also said last week,
and I hope you too followed instructions. Have both of
you watched Hard Knocks? No, not even another episode with
Georgie over a pizza.

Speaker 10 (01:10:25):
Guy, guys, guys obviously busy watching all black reruns. Mike,
I've actually been busy most evenings watching the Paralympics.

Speaker 17 (01:10:33):
Great, we've watched as well.

Speaker 3 (01:10:37):
On you well, watch as always what happens is in
the episode for the final episode, because the season starts
this week. Watch the guy Ian Wheeler, who he is,
what he gave up to be there, and the story
and how it's unfolds it is. It is spellbinding television.

Speaker 17 (01:10:53):
We'll do hey, just just very quickly back to the rugby.
The two the two problems for me, the two concerns.
One is discipline. They can't their discipline out in the
second is that I think the bench is quite up
to it. I've got good depth in the starting fifteen,
but the bench just is a bit far behind Sedley.

Speaker 3 (01:11:08):
You'd agree with that, Zep.

Speaker 12 (01:11:09):
Yeah.

Speaker 10 (01:11:10):
And how you get yourself in a winning position like
that and score four? Trice to serve against the spring
Box add Hours park and lose the game. That's yeah,
that's that is a concern.

Speaker 3 (01:11:20):
It's quite the atmosphere. Isn't it Good to see you guys?
Catch up next week? Andrew Selpill go have LDA twenty two.

Speaker 1 (01:11:26):
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taken to depositing our eight thousand dollars a year into
a personal account. We've got fifty grand. I know a
number of people have done that, and once you get
into the tens of thousands of dollars, you're thinking, you know,
a lot needs to go wrong before you're sort of
going backwards. Mike had Z petrol station coffee seven dollars

(01:12:53):
these days?

Speaker 2 (01:12:54):
Is it?

Speaker 3 (01:12:54):
Jees? Problem is if you stuck a sign up Mike
flat White eight ninety, you may as will close up shop.
Is no one's going to pay that?

Speaker 17 (01:13:01):
Do you know what?

Speaker 3 (01:13:02):
I didn't have time to talk to the bloke about
it because I wanted to Richard, But I just wonder
if coffee is not like flying. I mean, the prices
they've been charging for flying post COVID have been extortionate,
and they will argue blue in the face capacity and
fuel prices and all that sort of stuff, but nevertheless
they have been through the roof and yet people have

(01:13:25):
paid them. And I reckon coffee might fall might be
one of those things that it might fall into one
of these Ah, you paid eight ninety for a coffee.
I know, what a scandal. But you know you're going
to have your coffee, That's what.

Speaker 21 (01:13:36):
Yeah.

Speaker 4 (01:13:37):
Is it not just like going to the pub for
a beer and you're not going to not get a bit?
Get Are you paying too much?

Speaker 3 (01:13:44):
You'll go, yes, I am, and I'll go. But you
still are, aren't you? And you'll go, yes, I am.

Speaker 12 (01:13:48):
Yeah.

Speaker 4 (01:13:48):
Are you going to go to the cafe and not
have a coffee?

Speaker 3 (01:13:50):
Precisely, Mike, I've had medical insurance in seventy four, hardly
used it. I'm seventy seven counter Ford. It now canceled.
So there's the next interesting thing. If you've been paying
insurance you're entire life and you've never used it, and
you get to the point where you now no longer
can afford it. What do you make of that?

Speaker 15 (01:14:06):
Is that?

Speaker 3 (01:14:06):
Have you been ripped off? Or have you do you
comfort yourself knowing I was covered for that period of
time and that essentially is what insurance is. Therefore I
covered off my risk. Are you happy with interesting things,
money and life in them?

Speaker 1 (01:14:22):
Your trusted source for news and fuse the mic Hosking
breakfast with the range Rover, the la designed to intrigue
and use togs dB.

Speaker 3 (01:14:31):
Mike wise, you can get a coffee in Rome for
one or two euros.

Speaker 17 (01:14:34):
Brian.

Speaker 3 (01:14:34):
It's a very very good question and the answers you can.
I think it's two euros these days. That's an espresso,
and it's a you know, it's a little, you know,
tiny little espresso and you're standing up and generally you're outside.
So you pay a lot more if you want to
put a bit of milk in it and call it
something different, and certainly you pay a lot more if
you want to sit down. But that's a well time
honored tradition of Itly, twenty three minutes away from.

Speaker 1 (01:14:56):
Nine International correspondence with ends and I Insurance peace of
mind for New Zealand business.

Speaker 3 (01:15:02):
Who's fraidy we go see very morning to you, Good
morning this. I was look at these numbers a couple
of moments ago, this poll it's out this morning on
a primary vote. I mean, the Coalition are killing them,
aren't they?

Speaker 10 (01:15:12):
Yes, they are.

Speaker 21 (01:15:13):
And the sad thing about this, though, is we have
a two party preferred system in this country where preferences
then flow on and Labour always picks up most of
the preferences from the Greens party. So even though it
looks like on a primary vote the Coalition would be successful,
it's probably the worst case scenario, which is and I've
mentioned it to you before, Mike, about heading for a

(01:15:36):
hung parliament, which is what this looks like. Just on
those numbers two party preferred, it's fifty to fifty. But
you look a bit deeper. One nation's result is a
primary vote of seven percent, the Greens twelve, and the
Teals are up at around eleven percent, So a lot
of those Greens and Teals preferences would flow to Labor.

(01:15:57):
So if we're going to have an election, even though
it looks like fifty to fifty, on a glance at it,
you'd say that Anthony Albanez, he would survive. The big
problem though for him is his approval rating has dropped again.
It's the lowest it's been since the election. It's gone
down another two points. It's down at forty one percent.
Unless Labor change the rules, so you can't get rid

(01:16:19):
of a leader. If they hadn't done that, he would
be on very dangerous ground right now. I think he
would be pushed out the door.

Speaker 3 (01:16:25):
Just explain for those who haven't covered. I've become fascinated
by it. But his Captain's call on the census question
around culture, let's call it culture sex well around sex,
how is it you can be that phenomenally nighive to
make this into something that wasn't.

Speaker 21 (01:16:44):
It is very naive and it is. I mean, we
have a census every four years. There's a question in
there normally about what your sexual orientation is. And the
government decided via the people who run the census, that
they were going to take that out for some unusual reason,
and the Prime Minister endorsed the fact that that was

(01:17:04):
going to happen. And then he was asked a question
about it on radio and he said, oh no, maybe
it might be back in there, and He just looks
like he's flip flopping on all sorts of things at
the moment. I don't think he's heads in the game.
He blew up at the New Zealand journalist, as you know,
when he was in the South Pacific Forum for no
good reason, just because she happened to overhear a conversation
and record it. He's very wobbly at the moment, and look,

(01:17:27):
I think the party themselves are going to have to
pull him inside and tell him, look, you've got to
get your act together otherwise we're in real trouble here.
But that was just crazy. That was a non story
that he made it into one.

Speaker 3 (01:17:40):
Yeah, exactly. Now the Glasgow Games Melbourne literally going to
have to put the bill. This is Dan Andrews and
being Isn't this one of the great frustrations of life.
The people who make the most cataclysmic cockups are the
ones who have left office and can't be held accountable and.

Speaker 21 (01:17:53):
Living on a lifetime pension tax free of some hundreds
of thousands of dollars. So, just briefly in background, we
bid for the two twenty six comic games. Dan Andrews
thought it was a smart idea, to hold it in
regional Victoria. It was costed at two billion, and then
he came claimed it was going to cost seven billion.

(01:18:15):
Now that's a huge amount of money for an event
that no one cares about. So he decided he had
can it. Now, A lot of people suggest that he
did that so he could pick up votes in those
regional cities and was always going to cancel it after
an election. I suspect that was the case. But we
forked out two hundred million dollars to some crowd called

(01:18:36):
the Commonwealth Games Foundation or Federation as a penalty to
having canceled the games. Now, the people who are running
the games now in Glasgow in Scotland, they picked them
up there at were caught last week boasting that one
hundred million pound which is about two hundred and twenty
million dollars of Victorian government's money, will cover almost the

(01:18:58):
entire cost of our games. They're not building any new venues.
They're just going we'll run it here and where we
had it last time. And those mugs in Victoria, those
taxpayers are our mate, Dan Andrews. They'll fund the whole thing.
I mean, of all the things he did, that's almost.

Speaker 3 (01:19:15):
The worst, I reckon the five year old's the library.
Which library a law?

Speaker 21 (01:19:20):
State libraries, every taxpayer funded state library will now Library
staff have been told they will need to ask children
what their preferred pronouns are to avoid gendered language and
to offer pronoun badgers pinzel lanyards as part of a
government funded rainbow toolkit launched on Friday. If you can

(01:19:44):
believe it, start at public libraries. I'm not making this up.
Being given new guidelines wait for this on how to
be LGBTQIA plus friendly. The state government announced this on
Friday on lgbtq IA Plus Awareness Day. One section, labeled

(01:20:08):
non gendered Interactions proposes that staff ask primary school children
what would you like to be?

Speaker 3 (01:20:15):
Known as unbelievable This Rory Arman Aiman whatever his name is,
New South Wales MP who's got charged with sexual offenses
despite the fact he claims innocence. The question marks around
scanning for people's backgrounds and what they may or may
not have said they were or weren't prior to making them.

Speaker 21 (01:20:35):
MPs should be probably, I mean we should point out
that he's denied this, but the allegations leveled out against
him by New South Wales police are extremely serious. He's
quit his seat. He's not obviously going to stay in
the Parliament, and he'll go before the courts. But yes,
you reckon background checks could be a bit better than that.

Speaker 3 (01:20:54):
Good on mate, Nice to see you see Wednesday. Steve
Price out of Australia, by the way, just before we
leave that very fine country at seventeen minutes away from
nine Pasky. I note that Albanezi and Jody is I
think he's asked to marriage. She says yes, So therefore, fiancee,
the wedding's off until after the election. A lot of
speculation he was going to pull go during the election campaign.

(01:21:14):
They've got to hold an election, as you well know,
by May of next year, so the summer would have
been nice February January February. But no Prime minister, by
the way, has ever been married while in office, so
that's officially off until after the election. And as Steve
points out, the way things are going, once he has
the election, he may well have a lot of time
on his hands because he's going to lose it and
therefore no longer be leader of the opposition because they'll

(01:21:37):
boot him out after that as well. Sixteen two.

Speaker 1 (01:21:40):
The Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 3 (01:21:45):
At b It's away from nine Mike, this piece of rubbish,
the library announcement is enough to make me put a
pin in my eye. What's wrong with this? Well, see
it's many a time in this program. So for all
the teams of thousands who trundled across to Australia thinking
that something's bigger, brighter and more fantastic, there's a lot
of weird stuff goes on in that country. Mike visited
Cambridge Saturday. No recession in that town. Every eatery full

(01:22:06):
one owner I know, did three hundred meals on Saturday,
fully booked for Sunday, last five years, up sixty percent
on the previous five years. Walking her down to the boom. Fantastic.
Elon Musk, if you missed it, he's got a major
scrap going on with Brazil at the moment the Supreme Court.
I alluded to it about a week or so ago.
Threat was coming from the Court and it's all to
do with the freedom of speech, or what Elon Musk

(01:22:29):
would see as the freedom of speech. The immediate and
complete suspension of the operation of X throughout the national
territory until the court's judicial decisions are complied with and
the fines applied are paid until a representative of the
company in the country is appointed. Their argument being that
under Brazil's law, social media companies operating there must employ

(01:22:50):
somebody locally to handle government takedown notices about political misinformation
and incitements to violence. They got an election coming up,
of course, and there's nobody there locally, and Elon does
his whole free wheeling, you know, say what you want to,
and they don't like that in Brazil, so they've banned him,
and he's not particularly happy about it because last time
I looked at Brazil, there's quite a few people in

(01:23:10):
that country and they're called customers. Now, let me just
briefly come to the zyplex thing with Fletcher Building. Now,
you may or may not have followed this. I've followed
it because it's been bubbling away and you're thinking, where's
this going to end? So Fletcher Building, who and what?
Interests me as much about the individual case as the
broader case. Fletcher Building, over the last handful of years

(01:23:32):
have had any number of problems. They seem to have
just an ongoing series of issues. Now they've got themselves
a new CEO, and I don't know whether things are
coming right. The convention center in Auckland, which has been
one of their major headaches, is coming to a conclusion
and they'll be so glad that that particular nightmare is over.

(01:23:52):
They're making not a cent on that if not less
than a cent board members have been booted out or resigned,
reputations have been ruined them something fundamentally or has been
something fundamentally wrong with Fletchers. Now. The iPLEX thing is
a piping system. It suddenly bubbled up in Western Australia
where people went, there's something wrong with the product. Up

(01:24:14):
until this point Fletchers are gone nut. It's not products
perfectly fine, it's the installation. So that's where the scrap's been,
installation versus quality of the product. So you're thinking back
and forth. They go all of a sudden on Friday
it has announced that iPLEX Pipelines, which is a subsidiary
of course of Fletchers, is writing a check for one
hundred and sixty eight million dollars. And you think, well,

(01:24:34):
what for, And the answer is to pay for the
perth Leaky Pipe's Debarcle struck a deal with the Western
Australian government. Why is the government vault Fletcher first estimated
the issue would cost about two million, so it's gone
from two million to one hundred and sixty eight million,
still blaming the poor installation. The response will be made

(01:24:57):
available to all Western Australian homes and which profit pipe
manufactured with Tiplex or typlex Resen was installed, whether that
home is owned by the original purchases or not. So,
as was pointed out by Greg earlier on in the program,
this is an open ended thing. In other words, there's
no timeline and you can be claiming forever, so Lord
knows how much it's actually going to cost. But if
you have done nothing wrong and there is nothing wrong

(01:25:20):
with your product, and it's only when the hands of
the installers it goes wrong, then why are you writing
a check for one hundred and sixty eight million dollars?
And how come these things keep happening to the same company.
Nine away from nine the my costing.

Speaker 1 (01:25:35):
Rekast with a Vida Retirement Communities newsbmight.

Speaker 3 (01:25:39):
Gree the coffee prices. Let's not forget the up cells
that go with them, such as the eight dollars cones
and the ten dollar slice of cake, which surely covers
all the perceived increase expensible It depends what you paid
for the cake, or if you made the cake yourself.
But I think that people who just hold on the wall,
you know, with the machine and coffee, they the ones
who might be struggling. If you convince people to sit
down for an extended period, be all right. By the way,

(01:26:00):
you read the guy in Western Australia, so he runs
a company and he doesn't like he made headlines all
over the world. I notice he doesn't want anyone once
they arrivee at work leaving the office, and they did
some numbers. Apparently when people go out for coffee it's
just a waste of time and we can't have it.
And so when you look at his company, actually he
has installed some some fantastic things. There's a daycare center
within the company, so you can drop the kids off

(01:26:22):
and just spend all day at work. I told you
about Japan earlier on, and they've got people you can
hire to get you out of your job because you
work too long ar hours. Although I do note in
Japan they're looking increasingly at four day weeks, and then
of course we come to and will to is Rod
back Tomorrow is at Ender Rod. So when we talk
to Rod tomorrow, not only are the UK looking at
a four day week, it looks like from my reading,

(01:26:43):
this labor government, the new labor government imposes too strong
a word. But in other words, if you work out
you want a four day week, you'n habit that end.
There's no negotiation. It's not like, you know, let's all
have a collective. It's just like we've decided we want
a four day week, and the employer must provide it
to you, which seems companies instead legally obliged to offer

(01:27:04):
flexible working from day one, except where there is quote
unquote not reasonably feasible. Now the debate is what's reasonably
feasible Anyway, we'll talk a lot about that tomorrow. Five
minutes away from nine.

Speaker 1 (01:27:15):
Trending Now with him were House, the home of Big
Brand Cosmetics.

Speaker 3 (01:27:20):
They're celebrating eighty five years of Marvel. Stan Lee, Jack Kirby,
Steve Dictoe spawned this Movie's games, the whole thing. So
they've got a big celebration special going on to mark
the eighty five years. It is narrated by Stanley himself.

Speaker 1 (01:27:34):
Here's our special guest, stan Lee, which one is your favorite?

Speaker 13 (01:27:40):
Oh gee, you know that's almost like asking a parent
who's his favorite child.

Speaker 23 (01:27:44):
I often look back at the early sixties in a
famous Marvel bullpen with stan Lee, Jack Kirby and Steve
dickgirl creating Spider Man, the Avengers, the X Men, and
the Fantastic Four.

Speaker 10 (01:28:00):
In the comic books and in the movies, story is
always the most important element. Marvel is this massive canvas
through which all of our humanity is explored.

Speaker 23 (01:28:13):
And of course I can't leave without saying Eggs Celsia.

Speaker 3 (01:28:20):
Eighty five billion so far on comics they've made. That's
an old number. The last time they did it was
twenty twenty one, so that'll be updated. Eighty five billion.
As far as movies are concerned, forty eight billion in
counting because Deadpool's not in it, so they've made a
billion all by itself, so that's forty nine and counting.
Games one hundred million copies have been sold. Spider Man

(01:28:41):
games they sell over behalf of that. And then you
come to the mobile games, and they've only been round
since twenty fourteen and four hundred million dollars, so that
is that's a good business. Speaking of good business, Luke
Holmes would be the biggest name in country music anywhere
in the world, and he's a stadium act these days,
and I think he's coming back to the country next

(01:29:01):
year along with Chris Stopelan. Actually, anyway, more importantly, tomorrow
on the program after write, Luke Comb's exclusive to The
Mic Hosking Breakfast and we look forward to your company
from six as always, Happy days.

Speaker 1 (01:29:23):
For more from the Mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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