Full Show Podcast: 26 September 2024

Episode Transcript
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Speaker 1 (00:01):
Your trusted source for news and views, the Mic Hosking
Breakfast with Bailey's Real Estate, your local experts across residential, commercial,
and rural news.

Speaker 2 (00:11):
Togs Head been billing and welcome today more money to
help teachers with the new math's curriculum. We've got a
free trade deal with the UAE that's been done in
record time. Transpower tell us all about the pylons that
fall over and what they make of the report. Mark Manson,
you know the name subtle art of not giving an
f He's back with us after eight Rod does the UK.
Joe McKenna is in Italy for us as well, asking

(00:32):
now it is seven past six. Officially charter schools are back.
The third reading of the bill passed yesterday. That means
it's now law and we stand by, I guess for
round two of an idea that one should never have
been killed off in the first place, because two ideology,
for too long is stood in the way of good
education in this country. The irony, or at least one
of the ironies, of the re emergence of charter schools
is that the education system is now worse than it

(00:54):
was when they were first introduced. It was pretty bad
back then. It still amazes me that we can have
the statistics we have on schooling and somehow defend them
as acceptable, And even those who rightly don't defend them
as acceptable because they aren't. They then somehow still defend
the status quo if only it had more money, And
that's education in this country. Isn't it performing poorly and
the sole solution is always less teacher time and more money.

(01:17):
Charter schools are not for everybody. They don't claim to be.
All they claim to be is a recognition that a
one stop shop is not the only way to do things,
and a one stop shop does not fit all because
it indisputably doesn't. Few aspects of our lives revolve around
no choice markets and things, whether services or goods, evolve
based on demand. Our needs vary. Why is it's so

(01:38):
hard to understand that it's no different in schools. I
hated school personally. My guess is I probably would have
achieved more in a different environment. Communities and he is
an irony one of the biggest fans of charter schools.
You know who, Mari. Communities no better than the Ministry
of Education. Not every bright idea comes out of Wellington.
Charter schools are held to account in attendance, finances and results,

(02:00):
and indeed in a more rigorous way than the public schools.
The demand outstripped supply on application. Put simply, if they work,
if there is a demand, if some kids prosper, how
can you possibly talk them down.

Speaker 1 (02:14):
News of the world in ninety seconds right, the.

Speaker 2 (02:17):
War still full of heat and bombs. Israel once again
point out that there after the weapons, and those weapons
are often in people's living room.

Speaker 3 (02:24):
Images have proven that Resbela are hiding arms caches inside
civilian homes. We see secondary explosions of Resbela weapons stockpiles, munitions,
long range cruise missiles, drones, rocket launchers.

Speaker 2 (02:38):
By now, just about every government has told these citizens
to get out of Lebanon. Easier said than done.

Speaker 4 (02:43):
Well, we've been struggled with the airlines because only Middle
East is running my flight, Why it was yesterday, so
I have to cancel, not myself, the airlines, they cancel
all the flight apart from Middle East, and middlest has
got fully voted.

Speaker 2 (02:57):
The Iranians have widened with their theory by dragging others
into the conflict, they could expand the world probably bring.

Speaker 5 (03:03):
The United States in and change the dynamics of the situation.

Speaker 2 (03:08):
Sakias left Britain his conference and various donation scandals to
travel to New York too. Might the usual play.

Speaker 6 (03:14):
We need a political route which provides a bridge to
a better future, a credible and irreversible path towards a
viable Palestinian state alongside a safe and secure state of Israel.

Speaker 2 (03:29):
Zelenski's also there, but talking about a different war. Do
not divide the world.

Speaker 7 (03:34):
I ask the same of you.

Speaker 8 (03:36):
Do not divide the world, be united nations.

Speaker 2 (03:42):
And then to the markets, where Americans working through the
dichotomy of watching the market state records and yet their
back pockets don't seem any fuller.

Speaker 9 (03:49):
The FED cut has made a difference, and I think
that we now with that latest consumer data yesterday, now
traders are potentially pricing in another fifty basis point cut,
which is even more than people were expecting a few
weeks ago, and that does give stocks a boost.

Speaker 2 (04:04):
Yes, finally we have our color of the year, and
now it comes to us from PPG. They owned you
Lux among many other brands around the world, They've decided
this year it's purple basil. It's a refreshingly bold, yet soothing,
dusty violet hue that represents adaptability in times of change.
It's picked by a dozens of experts and takes into
account the social, the culturally political dynamics that influenced trends worldwide.

(04:27):
It describes it as an elegant color that is warm
enough to be inviting, but cool enough to create an
air of mystery, while the tension between red and blue
and parts of kinetic energy. I went and looked it
up and there's a beautiful shot of It's a lounge,
come snug, come study that they've done it, and it's
absolutely very Ralph Laurence, shut up about verb, very very

(04:51):
Ralph lauren vibes. Anyway, it's a step up from last year,
which was called Limitless. That was a honey beige.

Speaker 10 (04:57):
Oh I love that one.

Speaker 2 (04:58):
Yeah, So wh role in ninety zero the bloke who
I told you about the other day, who won the
presidential election in Sri Lanka Desaniaka. Anyway, first thing he's
done is dissolve parliament. Two hundred and twenty five memb
of Parliament gone and dissolved that snap elections on fourteenth
of November. What I didn't know at the time I
told you he won the election was he's run before
and last time he got three percent. This time he's

(05:19):
run the whole thing. And one the other thing he's
doing is trying to renegotiate the two point nine billion
dollar bail art deal with the IMF. So that's a
man all a mission. So we'll we'll keep watch twelve
past six.

Speaker 1 (05:30):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, how
ad By News Talks be.

Speaker 2 (05:37):
You think Starmer's in trouble and we'll have more on
that later on. The Greens are in real trouble in Germany.
Their two leaders all Green Party seem to have two
leaders these days, Nudapour and Lang not that that matters.
They both quit overnight because of these regional elections. They've
got done like a dinner. They're part of the coalition
the government, of course, so they got to find a
couple of leaders. So that's unfolding as we speak. Fifteen
past six, Ye talking JMI Wealth Andrew Keller had good.

Speaker 11 (05:59):
More Good morning, Mike, I love you love Fonterras, Yeah,
Fonterra and results and look before we look at some
of the detail. Mic I did want to make the
comment that how good is it to be talking effusively
about it Fonterra. I mean, yeah, you don't have to
cast your mind back sort of too far to recall,
you know, poor capital allocation, underperforming offshore investments, balance sheet problems,

(06:22):
management issues. So New Zealand Bigness, biggest business, it's in
a different place now, and that, mic, is cause for celebration,
isn't it good?

Speaker 2 (06:29):
Agree more? And I would any credence to Miles Hurrying
for doing all of that.

Speaker 11 (06:34):
Well you have to, Miles, you have to. So yeah, yesterday,
So just looking at some of the detail announced yesterday,
strong results of net profit one point one billion dollars.
Balance sheet is in very good shape. So some of
that strategic those directions that have been taken by the
now current management and board has effectively contributed to that

(06:55):
balance sheet health net debt two point six billion dollars.
Now it sounds an awful lot, but it is. It's
a very big company. So the market tends to look
at the comparison of the debt to the earnings, and
on that metric, I think it's the lowest it's ever been.
So balance sheet is in fine fettle. The dividend the
announced final divdent yesterday of twenty five cents plus a

(07:16):
special dividend of fifteen cents, so total for the fifty
five cents it was fifty last year fifty five cents.
I also think that's the second largest dividend since Fonterra
was formed. Look profit is a little lower than twenty
twenty three, but overall performance looks good. Guidance for earnings
next year forty to sixty cents per share, so that's

(07:37):
a similar performance to twenty twenty four forecast. Farm gate
milk payot has been lifted, so further cause for cheer
for farmers. It's been lifted by fifty cents, so midpoint
of the twenty five year financier forecast is now nine
dollars per kilogram milk solids. The twenty twenty four year
pay it has now been finalized at seven dollars eighty

(07:58):
three a kilogram of milk solids. There's sort of an
inbuilt conundrum here, and that a higher payout that's good
for the supplier for the farmer, but that's also an
input cost for Fonteraira itself. So there's that sort of
structural tension there in the industry. No updates yesterday, and
what's happening with the sale of their consumer division. We
expect to hear something soon. They are making an announcement

(08:18):
and strategy next week. We wait that with interest. Sort
of Fonterra much now in this sort of this sort
of good news cycle of announcements. So it's been a
significant turnaround. Business looks in better shape, and you know,
you do also make the comment when you look across
the business landscape in New Zealand, parts of agri do
stand out, don't they when you compare them to retail

(08:40):
or manufacturing construction. So yeah, positive, we like that good
we do.

Speaker 2 (08:44):
Indeed, speaking of retail K m D. My read of
this was things haven't gone well, but they're they're semi optimistic.
Is that fair?

Speaker 11 (08:52):
Yeah, there are there are little there are green shoots.
That's the That's the cliche, isn't it. There are green shoots.
So result yesterday, Look, I did see a broker comment
which said the first eight weeks of the twenty five
financial year were incrementally less worse. So if you're looking
for a positive that there's a start isn't it. But
the result was well signaled to the market. Sales down

(09:13):
eleven just over eleven percent. In terms of new news.
The Oh Boss business this is the American hiking footwear brand,
which I don't think it's very well known in New Zealand.
But they've taken a forty million dollar impairment against that business,
and that's due to their view on US wholesale market conditions,
which is telling no final dividend. I think the market
will be interested in those trading For the first eight

(09:34):
weeks the financial year, Australia was actually up up two percent.
Now New Zealand was down twenty three percent, but I
think there's an issue there with comparing it to strong
clearance sales at the same time last year. We can
looking through the detail see evidence of less discounting. Now,
we do know that retail in New Zealand in general
has been trying to reduce inventory, so we're looking for

(09:55):
evidence that that's fading. You possibly see that there, But
there are some positive smike sales trends are improving. Their
margin has been quite resilient, so that's good. They're managing
their operating expense as well, which is good. They really
just do need to see a stronger underlying operating environment,
and they're also facing some reasonably strong competition from Macpak.

(10:15):
Share price remains in what I would call a subdued state,
but yeah, there are some pockets of light there.

Speaker 2 (10:22):
Type say, what are the numbers?

Speaker 11 (10:23):
So the Dow Jones is under a little bit of pressure,
just about two thirds of percent two hundred and seventy
two points forty one, nine hundred and thirty four, the
S and P five hundreds down ten points five seven
two to two, and the Nasdaq down eleven points eighteen
thousand and sixty three overnight. Small loss for the foots
of one hundred forteen points eight two six eight. Also

(10:46):
a small loss for the nickey. It was down point
one nine percent thirty seven eight hundred and seventy. Shanghai
Composite was up one point one six percent, So still
basking in the globe of the monetary policy stimulus measure.
The A six two hundred down sixteen points eight one
two six, the NZNEX fifty we lost point six five percent.

(11:06):
Yesterday twelve two hundred and twenty four Kiwi dollar came
off the boil a little bit. It's now point six
two sixty six remembers over sixty three cents when we
spoke yesterday against the US point nine one eighty two
against the Ossie point five six to eight euro point
four to seven oh four pounds ninety point five seven
Japanese end gold still strong as an ox two thousand,

(11:27):
six hundred and sixty two dollars. I think that's another
record high and breatcrud has come off a little bit.
Seventy three dollars and twenty three cents.

Speaker 2 (11:34):
Take it see you tomorrow. Andrew kellihert Jmiwealth dot co
dot m.

Speaker 1 (11:37):
Z Pascal got a car for you.

Speaker 2 (11:39):
It's at auction this Saturday at the Classic Car Auctions
online so you can buy it in the UK. It
is a nineteen fifty five feet at eleven hundred pickup,
no reserve. It's got a number plate of sixty seven
seven YUM. It's only down forty three thousand k's. It's
an original condition, unrestored left hand drive because it came

(12:00):
in from Italy in nineteen seventy three. If you're looking
it up, it's Lot seven six to two original steel wheels,
yellow highlights, classic chrome hub caps, contrasting with the olive
green body, so it's a good looking truck. Rustic wooden
tray in the load area, rearhinge, suicide doors which were
standard but beautiful, classic white on black circular gauges, green
painted metal dashboard, brown vinyl seats, spare wheel stowed behind them,

(12:23):
three spoke wooden rimmed steering wheel, beautiful four speed manual
thirty five break horse power, eleven hundred cc four cylinder engine,
live axle, rear end with drum brakes. Original grade eighty
out of one hundred and thirty five, which makes it
good condition. You excited. You can get it for about
twelve thirteen, fourteen thousand dollars. It's Jamie Oliver's he's selling

(12:44):
six twenty two. He refused talks open, But what do I.

Speaker 1 (12:49):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (12:54):
Talks at B Inflation, good number out of Australia yesterday
August two point seven, and prices in August alone, prices
were down and they've not increased since June, so that's
a good track. I've got two brand new polls out
of America stand by six twenty five.

Speaker 12 (13:11):
Trending now thest warehouse, the home of Big Brand skincare.

Speaker 2 (13:16):
Now Netflix are into their horror shoes at the moment,
because we got the lead up to Halloween. One of
them's got a little bit of buzz going. It's the
Manhattan Alien Abduction, based on the true story of Linda
Napolitano nineteen eighty nine, allegedly abducted by aliens, made to
float in the Manhattan sky as you do, until she
entered a UFO.

Speaker 7 (13:34):
There were twenty three witnesses.

Speaker 2 (13:37):
I thought it was a more special effects and not
the wine in keeping it from the public, but not
a long It would become the greatest abduction case ever seen.

Speaker 8 (13:49):
But was there any evidence that this thing had actually happened?

Speaker 13 (13:54):
When people hear this, did they tell you you're nuts?

Speaker 7 (13:56):
I'll tell you ja Angrisharoto' psychotic.

Speaker 13 (13:59):
At least this tree For.

Speaker 2 (14:00):
That, Glinda is simply telling the truth.

Speaker 7 (14:02):
It's as easy as that.

Speaker 5 (14:04):
You'd have to be associate path or a genius to
commit a HAWKX like this.

Speaker 8 (14:12):
I will continue to ask questions, Glinda, and I won't
stop doing that.

Speaker 3 (14:18):
Bring it on.

Speaker 2 (14:19):
Yeah, It's considered the single most conclusive slash the visit
of alien abduction story going. It's out Netflix October thirty,
given Halloween's thirty one. By the way, I ran across
a Disclaimers the program it's called Disclaimer, it's got Kate Winslet.
It's what they called a seven part event, so it
has to be good. It's either on Apple or Disney.

(14:42):
I can't remember in October as well, and I'd recommend
that over what I've just played, because that's what I've
just played sounds like complete not a crap education announcement
coming shortly from the government today. Answer the Minister on that,
and we've got the free trade deal with the UAE,
fastest one we've ever done. Is any good?

Speaker 1 (15:02):
Setting the news agenda and digging into the issues. The
Mic Hosking Breakfast with Alveda, Retirement Communities, Life your Way
news togs'd.

Speaker 2 (15:11):
Be the funniest story. It could only come out of Italy.
Spyglasses update for your shortly spyglasses they're real apparently anyway,
Joe's with us those poles I alluded to wap North
Carolina Trump fifty. This is a couple of hours old now,
North Carolina Trump fifty, Harris forty seven, So within the
margin of era but only just it's a material. I
would suggest Pennsylvania. And this is really interesting because I

(15:32):
think I was reading an article yesterday somewhere from around
the world. Can't remember. The argument is not just the
swing states, but the swing state of swing states is Pennsylvania.
So the Monmouth University polling Harris forty seven, Trump forty five.
How about their apples twenty three to seven from the

(15:54):
Infrastructure Commissioner on one our future will costs. As it stands,
we got assets worth about two hundred and eighty seven
billion dollars. That's up to around fifty five thousand dollars
per New Zealand apparently, which is the average for the OECD. Apparently. Anyway,
the issue here to keep up a greater proportion of
GDP is needed. The Infrastructure Commission's Acting General Manager of Strategy,
Peter Nuns, is with us on all this.

Speaker 14 (16:14):
Peter morning, gooday Mike, thanks for having me.

Speaker 2 (16:17):
Not at all am I being slightly weird and suggesting
this is all a bit esoteric because it's based on
the idea that what might or might not happen, and
given we don't really know what that is, therefore we
can't plan with any definitive nature, what the future is.

Speaker 14 (16:31):
Well, we can think about what we have more and
less certainty about. One thing that we've got a lot
of certainty about. If we've got infrastructure today and we
want to keep using it, we have to be maintaining
and renewing, right, Yep, that's something that if we've got
if we understand what we've got well and what condition
it's in, we can forecast that really well, build an
investment program around it. Then there's some other things that

(16:52):
are harder to forecast, like how fast is the population
can grow, how many people are going to migrate in
a given year. Yeah, and so we can think about
think about sort of what we've got certainty on, what
we don't have certainty on, and plan accordingly.

Speaker 15 (17:05):
Right.

Speaker 2 (17:05):
So I couldn't agree with you more. And I'm glad
you raised that aspect of it. So maintenance, Yes, I
get it, We've got it. Let's keep it up to speed.
I've got all of that. Yesterday I'm reading a report.
Did you see business cases for large roading projects disconnected
from reality? This is the Ministry of Transport In other words,
in that particular area maintenance, we're useless if we're useless.
Do we have any hope?

Speaker 14 (17:26):
I think we need to recognize that the challenges that
we've got and we're on a plan to get better. Right,
disconnected from reality is a pretty strong language, I've got
to say. But what that highlights is the challenges that
we face and planning, planning major infrastructure projects and scoping

(17:47):
them up in a way so that they don't run
away most in terms of cost and delivery time frames. Right,
we know we've got issues there. We know we can
do better a lot of other people do.

Speaker 2 (17:56):
How do we because I'm increasingly coming to the conclusion
that we're not able to do it. I mean, the
business of announcing a project and it blowing out is
just life, and I don't know what we do to
get around there.

Speaker 14 (18:11):
I mean people see this in their homes, right, you
know what's the average kitchen renovation cost?

Speaker 5 (18:15):
Blow?

Speaker 16 (18:16):
Right?

Speaker 14 (18:16):
Significant? That being said, what we can do in this
area is tighten up the practices a little bit. One
of the things that we've been advocating for at the
Commission is a bit better discipline around the project planning
and announcement phases. Right, So, in other words, rather than
saying at the outset when you've had the bright idea
when you've recognized you've got a problem to solve. Right,

(18:37):
we're going to build this thing and it's going to
cost X. Heay, we never got a problem here. We
need to do the work, We need to do the
geotechnical investigations. We need to get some people to design
this thing, figure out what it will cost to build
and whether it's feasible, and then we'll come back and
tell you about what's next. Right.

Speaker 2 (18:55):
Yeah, but that was part of the story I read yesterday. See,
one of the plans I had consultants, we're paid one
point one seven million bayons inta at more than two
thousand dollars a day for the work that included a
state highway investment business case, while another received two hundred
and twenty thousand dollars a third almost seven hundred thousand dollars.
So the first thing we do is going on, we'll
ne have a clue what it's going to cost. Let's
hire some people to do that, and then they come

(19:16):
back with a number that may or may not be right.

Speaker 14 (19:19):
Yeah, Yeah, And I think that we've got when we
look at those things, we've got to look at the
value we're getting from those investigating investigation processes. Right, some
of that money will be well spent because we're dealing
with major issues. Spending a few million dollars up front
on a project might cost hundreds of millions of dollars

(19:39):
can be good money, right, just in terms of understanding
what you're doing before you set out to do it.
You can save yourself money if you if you run
the right investigations. But I think the question that people
sometimes ask is are we sort of looping on this right?
Are we getting into a cycle where we're sort of
iterating on these things without getting more information? And that's
maybe question that those.

Speaker 16 (20:00):
For his pups.

Speaker 2 (20:01):
Well, I wish you the best with it, Peter, Peter Nunns,
who's worth the infrastructure Commission? It is a convoluted old business,
I can tell you for nothing. Nineteen minutes away from
seven pasking Mike Clarkson's farm makes money from the farm
shop and the pub sadly not from farming. I hope
that's not a lesson for Fonterra as it sells off
its value add businesses. I know what the point is
you're making, but unfortunately statistically you're wrong. He doesn't make

(20:22):
money from the farm shop all the pub he said
the other days losing ten pounds per punter, so he
doesn't make any money on the farm. He's not making
any money on the pub. But it's not the same
story for Fontier, who I would at this particular point
in time, given their track record, venture to suggest they
have a pretty good idea of what they're doing. Eighteen
to two The.

Speaker 1 (20:43):
Mic Hosking Breakfast Full Show podcast on iHeartRadio, Power It
by News.

Speaker 2 (20:47):
Talks It be tell you who I do like the
sort of the version of the Comcommon America's the Justice Department,
who when they don't like what's going on in business circles,
they go around suing people. The latest people are suing
a Visa. They're claiming they're propped up in a legal
monopoly over debit payments. They're imposing exclusionary agreements on partners,
smothered upstart firms. These companies, Visa and MasterCard are worth

(21:09):
a trillion dollars and consumers and merchants are paying billions
every year in additional fees. We allege that Visa has
unlawfully amassed the power to extract fees that far exceed
what it could charge in a competitive market. This is
our friend, Merrick Garlant. Merchants and banks pass along these
cost to consumers, either by raising prices or reducing quality
of service. As a result, Visa's unlawful conduct affects not

(21:31):
just the price of one thing, but the price of
nearly everything. See in Court six forty five.

Speaker 12 (21:37):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (21:42):
Baily Time, Joe mcckennon, Morning, Good Money man. I would
imagine this confession thing, and I'm not sure how many
people have followed it has been fascinated to watch. So
the guy confesses about murdering his mother. I'm assuming this
is blown up.

Speaker 8 (21:56):
Well it has. Actually it's a bit of an ethics
role in Italy because Lorenzo Carbone, fifty year old, made
his confession under duress outside his home up in a
small town near Moderna in the Emilio Romagna region, during
a TV interview that was aired on Media Set, the
Berlusconi channel. He said that his mother had been living

(22:17):
with dementia and he couldn't take it anymore and he
strangled her and then Media Set the TV channel tagged
this is an exclusive interview, while at the same time
reporting the murder suspect to police.

Speaker 2 (22:30):
So where does it go? What do they do?

Speaker 7 (22:33):
Yeah?

Speaker 8 (22:33):
Well, I mean I think there's just a huge political
outcry about it at the moment. Can the station be
charged or in some way identified for wrongdoing? I'm not
quite sure about that at this point, but it certainly
created plenty of debate.

Speaker 2 (22:50):
Then, I just this story is so cooled. So he
has the affair, she gets the job. We've talked about
this for the last several weeks. He resigns, he goes
on television, cries, they raid her house and she's got spyglasses.

Speaker 8 (23:07):
Yes, I think the spyglasses had been mentioned before, but
it's certainly interesting. The police have raided the home of
Maria Rosario Boccha. She's the one who had the affair
with the now ex minister. They've seized her computer, her
mobile phone, and her pair of spy glasses, which are
of course ray Ban smart glasses, which I didn't think

(23:28):
we're all that popular, but they're certainly getting a lot
of publicity now. She apparently used these glasses to record
video of herself walking through the corridors of power in
the Lower House of Parliament, and this should be a
cause for concern in terms of security.

Speaker 2 (23:42):
I would say, exactly, because you're not allowed to do.
It's against the law, isn't it.

Speaker 8 (23:46):
I'd say it was against the law. So she's facing
an investigation and all sorts of charges also because of
the threats she made to the minister, I think as well.

Speaker 2 (23:54):
Exactly Now these demonstrations correct me if I'm wrong. So
the Security Bill is designed to increase the punishment for
people who glue themselves to roads and walls and cars
and all that sort of stuff. So why are people
demonstrating against that. We don't want that's great causing themselves
to stuff, do we?

Speaker 8 (24:12):
Yeah, Well it does sound a little intense. I mean,
this bill has passed the Lower House of Parliament, it's
going to the Senate. It's being considered as the latest
move by the Georgia Maloney government to get tough on
law and order. They want to stop people blocking roads
and railways, severe penalties for people trying to interrupt public

(24:34):
works like Italy France high speed rail project that's still underway. Well,
it does give police the power to enforce wider surveillance
and prisons and migrant detention centers. And one thing I
thought was interesting, Mike. They want to criminalize businesses that
sell SIM cards to people who don't have ID documents

(24:55):
or residents permits. And I think that's a bit heavy handed.

Speaker 2 (24:58):
The old Bona phone. Yeah, Okay, Now I was reading
earlier as the OECD report Britain's up They've upgraded Britain
on growth China. Where where's Italy fit into this? In
the G seven?

Speaker 8 (25:11):
Well, Italy is not as bad as we expected. The GDP,
according to OECD, will rise by zero point eight percent
in twenty twenty four against one percent last year, one
point one percent predicted in twenty twenty five. I haven't
checked the figures, but that sounds actually better than what
Germany's predictions are at this point.

Speaker 2 (25:29):
Germany's a basketcase, absolute basket case. At the moment, you're
getting cooler, there is autumn.

Speaker 7 (25:34):
Struck, autums struck.

Speaker 8 (25:36):
We're getting core mornings and very nice sunny days.

Speaker 2 (25:39):
Oh beautiful. You enjoy, We'll catch up. So appreciated. Breath much.
Joe McKenna out of Britain on every Thursday morning here
on the Mic Hosking Breakfast where it's ten to seven.

Speaker 1 (25:48):
The mic costing Breakfast with our Vida Retirement community News
togs head b like.

Speaker 2 (25:53):
Ree project costs blowouts. Many times, the client's already decided
whether a project is going ahead before the feasibility study,
So even if that study suggests a lot of unknowns
and potential blowouts, there is high pressure to proceed anyway.
Then when a high contingency suggested, there's pushback resulting in
the cost blowouts that we're all familiar with one hundred percent.
And that's why these reports is sort of I don't

(26:13):
know if they're even useful, but I mean the politics
at play here a light rail and Auckland. It was
a dog of an idea from day one, the cycle
bridge over the harbor, dog of an idea from day one.
What's the point? Do read the story? I referred to
the headline's business cases for large roading projects disconnected from reality,
and that is the Ministry of Transport saying that.

Speaker 10 (26:34):
What they going to do, they're trying to build a
bridge to reality.

Speaker 2 (26:37):
Very good Palm. Jeep Palm is still on to the
business of the aut and their racist policy around travel expenses.
Her latest is an email she's writing to the various
people at AUT. I found your email address on the
AUT website, so I hope I don't mind you contacting
me contacting you this way. I've recently been sent AUT's

(26:58):
points system for travel fund. This is where you get
extra points if you're MARI, which is designed to fund
disproportionately allocated towards travel for Maria and Pacific staff for researchers.
I'm interested in the views of AUT staff, so all
that's fine. Then she ends the email. I also understand
that AUT staff who are members of the union have

(27:19):
received an email from the union's branch president requesting they
do not reply to my correspondence. This is disappointing, no kidding,
And that's the way that unions operate in this country.
Heaven forbid, you should ask a question, and heaven forbid
you should feel free enough to respond. But no, we
don't like democracy and the free flow of ideas. So

(27:40):
palme Jet's on it, and good on her. Five minutes
away from seven.

Speaker 7 (27:45):
Bill, the ins and the outs.

Speaker 17 (27:47):
It's the biz.

Speaker 1 (27:48):
With business fiber, take your business productivity to the next level.

Speaker 2 (27:52):
Yeah, as I mentioned with Joe, Marminagum, I have a
little bit of good news for the UK, Ki as
starman as kid. Are you not up on that story?
Key a starman, I mean, come on, as it's scandal
upon scandal upon scandal. Anyway, More shortly back to the UK,
so Saki is busy talking the place down at the moment.
He says, we've got to turn our collar up and
face the storm, and everything's miserable and well and all
that sort of stuff. Anyway, the OECD latest report economic

(28:13):
growth is going to be in the UK one point
one percent this year and one point two percent next year.
Is that good? Well, it's better because it was zero
point four, so it's gone zero point four to one
point one and from one to one point two. So
the update now puts the UK second only to the
US for overall growth this year. Now the worst of
the G seven. This is the US, Canada, France, Italy, UK, German.

(28:36):
In Japan is Japan. They potentially, I don't think it
will happen, but they potentially are going to see negative
growth this year. China, of course, as always, they're are
four point nine for this year and four point five
for next year. Although for China watches, which is New Zealand.
This is not what it should be and a lot
of us are paying the price for all of that,
of course, and that was the stimulus package over the
last forty eight hours from the central banks, so they're

(28:57):
worried as well. Overall, the world economy is expected to
grow by three point two percent this year, so that's
up from three point one. Unfortunately New Zealand not really
part of that growth club. They also predict the Fed's
main interest rates would ease eventually the three point five
by the end of next year, and the European Central
Bank would be at two point twenty five by the

(29:19):
end of next year. So that's the global situation. Yeah,
so Keia's kid Eddy, I want to study in silence
and you're running as prime minister and everything's noisy because
the paps are outside. Where do I go? Goes, Well,
I've got a friend called Wi Leaed and while Lead's
giving you his house, and you guy state while Leeds
house for a while, and I'll put it down on

(29:39):
the paper workers a bit of a gift and we'll
we'll pretend none of that's a problem. So anyway, when
that gets to be public, Kia just doesn't quite get it.
So Rod's all over this as you can well imagine,
and we'll do that later on this morning. Still a
come Ministry of Education announcement on the MAT's curriculum. More
money heading that way to solve the perceived problems. The
bloke who's running Transparent and Watch It is on fall Over.

(30:00):
The report came out on that yesterday. What else is
going to tell you? Mark Manson, he's back on the
program as well.

Speaker 1 (30:08):
You're trusted home for News, for Entertainments, Opinion and Mike
the Mike asking breakfast with the Jaguar f base cut
from a different class News TOGSD.

Speaker 2 (30:19):
Seven past seven to another thirty million heading towards the classroom. Today,
the government is announcing further support for teachers worried about
new Math's curriculum. The finding has been reprioritized. The funding
has been reprioritized from a scheme that offered free to
Rayo lessons for teachers. The funny thing about that was
it was unaccredited and cost double that of some of
the courses, So a little bit of a waste of money,

(30:39):
it seems. Education Minister Erica Stanford with us good morning,
good morning. That money you've found. How much of that's
out there if you look hard enough, that's just sloshing
around doing god knows what.

Speaker 18 (30:51):
I think there's plenty of money in education for us
to reprioritize and to things like literacy and numerous eat
makes sure that our cuts to getting the very best
raising achievement. I go through line by line the last budget.
I'm doing it again this budget to reprioritize into EVINCED
based initiatives that work for our kids.

Speaker 2 (31:09):
And what's the thirty million this time?

Speaker 16 (31:10):
By well, we.

Speaker 18 (31:12):
Said back in August with those pretty awful Maths results
that came out in the twenty percent of our kids
are at curriculum for Maths by the time they leave intermediate.
We set at that point were launching our new campaign.
We're bringing forward the Maths, the new Math curriculum for
next year. We're investing in professional learning and development. But
we always knew that we needed to provide high quality

(31:34):
curriculum alan resources to school. So I'm talking about lesson
plans and teacher guides for the teachers, and high quality
workbooks for our kids. Many schools who can afford them
already buy them. We are now making them free of
charge for every single child in every single school.

Speaker 2 (31:50):
The specialist nature if you like, of maths. How difficult
is this potentially making it for you?

Speaker 18 (31:59):
It is difficult for our primary school teachers to be
experts and everything mathematics and science and art, music and English.
It's a monumental effort every day for them to deliver
those multiple curricular areas. And we need to make sure
that we're supporting them with high quality PLD and all
of these high quality curriculum aligned resources. And that's what

(32:20):
we don't know.

Speaker 2 (32:20):
So what you're seem to be saying, correct me if
I'm wrong, is that if you need it, you will
get it if they're genuine. And what I can't work
out is how much of what they need is based
on need versus the Union's going, I just want more money.
I just want more money. I just want more money.
And that's my singular solution to everything.

Speaker 18 (32:37):
Well, look there's multiple parts of this. He just need
lots of support from the government and from the Ministry
of Education, whether that's PLD or resources. Of course, they
we'll always talk about teacher pay and we've made sure
that we've said every teacher bargaining around while we'll pay
teachers more, but it's also important because they also talk
about their day and the workload on there, and I

(33:00):
want to take that away. That's why we have a
curriculum that is year by year, that is highly specific
about what needs to be taught, so that they don't
have to create that themselves. We're providing them should they
need it, with lesson plans and high quality resources so
they don't have to go and spend hours and hours
after school every day finding their own. So this is

(33:20):
all designed to support them and to take away some
of that load because they, as I.

Speaker 14 (33:25):
Say, it's a.

Speaker 18 (33:27):
Huge effort to be across all of those curricular areas,
find resources for all those areas. We're making it easier
so we've got better outcomes for our kids.

Speaker 2 (33:34):
Good stuff, Good luck with the Erica Stamford Education Minister
since twenty nineteen. By the way, the one hundred million
dollar funded this initiative isn't accredited more than double the
cost of similar courses available, and evaluation of the program
found no evidence it directly impacted progress or achievement for students.
The review also couldn't quantify what impact the program had
on Tayo Mara use in the classroom, one hundred million

(33:55):
dollars ten minutes past seven tasking. So we're expecting the
FTA Free Trail arrangement with the UAE to be wrapped up,
possibly signed off this afternoon. Australia got these across the
line a week ago. Our negotiations only began in May,
so today is the day it's been done at record pace,
forming New Zealand trade negotiated. Charles phinneysback, Well, there's Charles
morning to you.

Speaker 17 (34:14):
Good morning, Mike.

Speaker 2 (34:14):
Are the UAE the goods are they there? These are
the sort of people we want to deal with. Is
this got that gold standard UK vibe about it?

Speaker 5 (34:22):
Yeah?

Speaker 17 (34:22):
I think this is quite exciting. Hopefully the rumors are
true and there will be an announcement maybe today. If
all signs are that this would be a really high
quality free trade agreement with pretty much all our trade
covered and pretty much everything being liberalized by entry into force.

(34:43):
It's already a billion dollar market for US and there's
kids potential for growth?

Speaker 2 (34:47):
Are and is that not the key in all FTAs?
What is the potential? How do you see it growing
and buy how much?

Speaker 17 (34:55):
Well, it's always hard to quantify. It getmists to make predictions.
Usually these are to shoot by a huge marriage and
that's been the case in pretty much all our free
trading premutes. In this case, UE is fairly liberal, so
we're looking at for five percent tariffs on some dairy
products and frozen meat, beef and lamb. Take that off.

(35:18):
That's going to be really, really useful. The other point
is that the UREE is not just negotiating with US,
as you noted, they've done a deal with Australia, they're
negotiating with the EU. They actually I think undergotiating or
have completed agreements with twenty six other parties. So if
we're not part of that list, we're in trouble. Our
exploits will start using market share. We will be.

Speaker 2 (35:38):
Able similar do you think or no with Australia. So
it's like the like with Australia. Because Australia head a
tremendous it will still do with the EU deal we
signed ours off.

Speaker 17 (35:49):
Well, I think this will be of higher quality than
in terms of agriculture then we achieved with the EU
and the problems Australia is facing with the EU will
not be there. In this agreement.

Speaker 2 (36:04):
No, is this just what like minds. If you're aligned ideologically,
you can do business really efficiently and really fast. And
that's what this boils down to.

Speaker 14 (36:14):
Yeah.

Speaker 17 (36:15):
I think that THEAE is desperately dean to diversify its
sources of wealth away from oil and gas, and they're
trying to build a whole whole new economy and being
open to investment and trade with multiple parties or part
of that mix.

Speaker 16 (36:35):
I like it.

Speaker 2 (36:35):
Let's hope it comes to pass. This afternoon, Charles Finny,
former New Zealand trade negotiator, thirty minutes past seven. Rent news.
Do you want good news? I've got reasonable news. Couple
of consecutive months of declines on rent are stabilized. For August.
Numbers out this morning average around the country of six
hundred and forty dollars three point two percent on the year,
So she's coming back slowly but surely. Listings are down

(36:56):
again but still up thirty eight percent year on year.
Demand is down again, down thirteen percent between July and
August and down thirty six percent and since last year.
August of last year remarkably quiet on the month. Biggest
fall was Southland at one percent. Biggest gain was four
point eight in Otago Auckland down zero point seven, Canterbury
up at one point seven. What else is going to

(37:17):
tell you? The Capital dead flat is your rental news?
This morning, fourteen past.

Speaker 1 (37:23):
The mic asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b Mark.

Speaker 2 (37:29):
Witz transpower and his pylon fell over. Then they did
a report, So he'll work us through all of that.
Mark manson the subtle art, not giving any f He's
back with us after eight o'clock seventeen past seven. What
about Canterbury? I can we do anything wrong at the moment?
The Wellington Phoenix they've joined the Warriors in locking in
fixtures at christ Church's new stadium, which I suppose raises
the question will we see an a leg or an
NRL create franchises in that particular part of the world anyway?

(37:51):
Chief Executive of Venues Attataki Are Carolyn Harvey tears with
us on all of this. Carolyn, morning to you, Good
morning Mike. Does it feel I mean, this is a
soft ball question, but does it feel like christ Church
slash Canterbury is on a bit of a roll at
the moment and everything you touch turns to something that
equates to money.

Speaker 19 (38:10):
Yeah, it kind of does, really, But it's kind of
our time, hasn't it. We's been through a bit, so
I guess what's happening at the minute is we're sort
of hopefully bearing the fruits of a pretty tough few years.
So we can't wait for the next eighteen months and
to see the new stadium open. But it really just
adds to this, to the whole kind of set of
infrastructure that we have now here in Canterbury and.

Speaker 2 (38:31):
In doing these deals with the A League in NRL,
what's the how do you deal with the timeline? Because
I mean you're not building the thing. What if it
blows out? What if it's delayed? You know, when's the
opening date? Do they get some sort of surety? How
do you handle all that?

Speaker 19 (38:45):
Yeah, we're lucky because we're really close. We're a CEO,
so we're part of the design and construction program, so
we have pretty much confidence in terms of look, it's
on track at the minute. We're in a pretty high time,
so they're building the roof, which you know what spring
wins the light down here in christ Us. It's a
tricky time, but early next year March April, we will

(39:09):
have far greater confidence of that opening date. But in
terms of doing these deals, you know, we're doing long
term partnerships, so we know in twenty twenty six will
be open. April is the date, and we're hoping that
that's about right, and we've got pretty much confidence in that.
But it means we can traverse both the Tempery Stadium
and the new stadium, which shows not just a commitment

(39:29):
to the new stadium, but actually confidence in christ Use generally.

Speaker 2 (39:32):
Exactly, do you see yourself on a path from being
a place that attracts events like a couple of games
a year or whatever, to potentially you build that infrastructure
and you become the hometown for new teams permanently.

Speaker 19 (39:47):
Look, I think that's the aim. You know, we want
to see that. We want to leverage the opportunity that
is one New Zealand Stadium and all of the other
investment that the city's made in new infrastructure that makes
sense for us to be the home of new teams.
We're going to have the best infrastructure in the country
and we've got a wonderful portfolio of it. You know,
you look at the town Hall you look at the arena,

(40:07):
you look at the stadium, the new sports facility. TIPI,
you know, we really are setting ourselves up to be
the events capital of New Zealands.

Speaker 2 (40:15):
Fantastic, Carolin go Well, Carolyn Harvey to t here Venues Otatari
nineteen minutes past seven, tasking so Starmer yesterday said this
the return of the Sassage, the return of the sausages,
and online he has been roasted in Britain. I've got
a pack of Cumberland sausages in the freezer and they've
just been granted asylum and a free council house here

(40:37):
in the UK. But my favorite one was from the
gravy to the p the sausages will be free. It's
not bad ah. The Return of the Sassage seven.

Speaker 1 (40:49):
The Mike Hosking Breakfast Full Show podcast on Aheart Radio
par it By News Talks.

Speaker 2 (40:54):
Ab aren't sausages weapons of mash destruction, calling for two
stakes solution. I'm not sure people understand the gravy of
the situation. The first thing that he could say, and
so and so it went, it is a pathosagre seven
twenty three. Now listen, I can't help but think the
Transpower report into the Pylon falling over and we'll talk
about it shortly is one of those reports that has

(41:17):
to find things to say because the real reason for
the report was obvious. Nevertheless, there are twenty six recommendations
now to recap the company that Transpower hires to maintain
the pilon's hired a couple of clowns and didn't train them.
They undid a lot of bolts, and the pylon fell over.
The report suggests that ultimately is Transpower's fault. I don't

(41:37):
see how you hire a painter he paints your house
the wrong color. Your wife tells you you're an idiot
for hiring the painter. As long as Transpower had checked
that a Mixim was a proper company, What is it
they're supposed to be doing. Are they supposed to bet
the company every time they do any work? Do they
run through the CB of everyone who touches a bolt?
Or is that the contractor's job the way it's the

(41:57):
contractor's job for everyone you hire in your life life
to do anything for you. Certainly the issue raised in
twenty twenty one when an engineer four Transpower told the
maintenance issues were a thing that is on Transpower. Now
they were alerted and yet they did nothing. That I
suspect goes in some way to the fact that Transpower
are a monopoly, and monopolies tend to be a little
bit lax around these things. The report recommends Transpower improved

(42:20):
processes for maintenance work on base plates. What's that mean?
I mean it's water blasting something. Do you need to
hire a rocket scientist to unscrew some bolts and have
a laminated sign on every tower saying only undo one
bolt at a time. Surely this is getting all a
little bit forensic and smacks of a report author making
stuff up. Basically that the sake of it, the simple

(42:42):
truth is the beginning, the middle, and the end of
it is a Maxim are a fault. They are the
ones that didn't do the job. The original report told
us all this. None of this is complicated. They weren't
building the Hadron collide. They were cleaning a tower, and
Maxim hired fools didn't train them, and untrained fools make mistakes.
A Maxim should be sacked. They should be sued or

(43:03):
made to pay for the damage. The report says anywhere
between thirty seven and eighty million dollars, and that should
be that transpower are not devoid of complete responsibility given
pylons are on them. But the reason the CEO doesn't
clean the building, do the correspondence, and make all the
boxes is it's not possible, it's not reasonable, and that's
why you hire people to do stuff you can't. At

(43:23):
some point in the hiring process, the level of responsibility
transfers from the hirer to the higher E end of
report asking Mike, a number of progressive countries don't have
a CGT. The A Z CEO can easily afford a CGT,
but she hasn't obviously thought it out properly and as
part and apart from being annoying and annoying a lot

(43:45):
of amz's customers, this would obviously impact bottom line profits
for the banks, as it would take a lot of
money out of the system. Phil you make an interesting point,
So potentially, and if you've missed this, Antonia who runs
the A and Z came out yesterday and she said
the time is right for a CGT in this cut.
And I tell you what I like about that. I
like it what she's wrong, obviously, but I like the
fact she's got an opinion, And I told her a

(44:08):
person who was running a bank once and we're in
a meeting, and I said, I'll tell you what, if
you want a piece of advice, take it or leave it.
As it turns out, the person left it. I said,
what the banking sector needs is a spokesperson. Is a
go to is somebody you can ring on a regular basis.
It's like economics. When you want somebody to go to Bradley, right,
you go to Bradley It informetrics. Is Bradley available, Yes
he is. Is he on the phone, Yes he is.

(44:28):
Can he help you out, yes he can. Does he
speak in plain English? Yes he does. I said, what
the banking industry needs is a go to person who's
readily available, who can come on and talk to people
and explain things the way they see it from a
bank's perspective. Because the bank's industry, the industry in general's
got a fairly poor reputation in terms of communication. So
I congratulate in Tonia for coming out and having an

(44:49):
opinion on something, and good on her for having an opinion.
And she must have known when she said it wouldn't
necessarily be popular with everybody and she must have expected
potentially some pushback, but nevertheless she stood up, she said
something and she stands by it, and good on her
and more people and I learned this lesson, particularly in COVID,
where so many people at the upper echelons of business

(45:09):
in this country lost their spine, forgot where their balls
were and never had an opinion and never came out,
never see the damn thing about what was unfolding in
front of our very eyes. So good on her for
going public with that. Right, speaking of the pylon, Mark's
in charge of that, and Mark's works works at Transparent.
He's expecting our call any moment now, so we'll have
a work with him after the news which is next

(45:30):
here at Newstalks EDB.

Speaker 1 (45:34):
The newsmakers and the personalities the big names talk to,
like my costing breakfast with Bailey's real Estate, your local
experts across residential, commercial and rural news talks.

Speaker 2 (45:46):
dB need to keep an eye on Gareth Ward. He's
a new South Wales MP. So this happened back in July,
but it's only being made public now. He denied being
drunk showing up at Parliament House at four am on
a Sunday morning back in July, he claims he had
locked himself out of his apartment. He's an independent MP

(46:07):
for Kema. He arrived at Parliament wearing a T shirt,
underwear and socks and a gash on his head. The
more serious part of the equations next year is facing
caught over a series of alleged sexual abuse offenses dating
back several years. He denies this. He denies everything. By
the way, he wasn't drunk, he wasn't wearing socks, and
he didn't have a gash on his head, and he
didn't turn up to parliament, and he didn't sexually assault anybody.
He also says he wasn't drunk, said the characterization of

(46:29):
his state of undress was not correct. He was woken
by a noise in the middle of the night, locked
himself out of his pots Point apartment. So upon locking
himself out and given it was freezing, was four am
in July, no prospect of getting a locksmith. Didn't have
his phone and with my property around eight minutes walk
or jog. He looks like a guy who walked more
than jogged. He went to Parliament to get a spare key.

(46:51):
I did not see anyone in Parliament other than the
security guard. He gave me access to the building. He
denied he was drunk. This is the sort of guttered
journalism that sees the faith and journalist to an all
time life. So that's bubbling as we speak. So let's
see where that goes today. Twenty ten minutes away from eight,
Ken hands them back with us after late. If you
don't know the name, immediate or exclaim more shortly. But
we got the report into the Pilon. The barkle lays

(47:13):
the blame at the feet of Transpower, which, as I
said before the new strikes me as slightly old. The
argument is too much reliance on contractors and the fact
too many volts have been removed more than once, and
the fact of Transpower employee had of course raised the
issues back in two thousand and one, but seemingly was
ignored anyway. Trustpowers Executive general Manager of grid Delivery Mark
Ryle is with us.

Speaker 16 (47:30):
Mark.

Speaker 2 (47:30):
Good morning to you, morning Mike. The twenty twenty one warning.
First of all, why do you know wasn't that acted on?

Speaker 15 (47:38):
Yeah, Look, I'll put some facts out there around that.
For some of the rhetoric from the press conference isn't
quite accurate. So we've a t Hunred engineers for context,
and you know we run a continuous improvement culture, So
then making a recommendation around an improvement as something that's
quite common. In this case, the recommendation was around a
coating's practices course a how you apply the coating product

(47:59):
to a foundation was made through the Grid Skills manager
at the time. Now, the decision was obviously made not
to take that forward. That person's left the business, so
I can't ask them, But that decision makes sense the
responsibility of our contractual framework if the staff being competent
in trains sits with the service providers, in this case
a mex On. We have Grid Skills, which provides transmission

(48:22):
specific competency training, how people access equipment, how they can
be safe around high voltage, all those sort of specific things,
out to paint a tower out of pain, to foundation,
how to drive an e WP, even basic supervisor training
that sits with the service providers as expected, because that's
their competency. We're not skilled in playing coteins. So this
course it wasn't a warning around taking two million nuts off.

(48:45):
It wasn't a warning around unsafe practices. If that had
been raised, that would have gone down a different shot
in the company, and iither one hundred percent confidence that
it would have been escalated to me or through my
business very quickly. From an operational and safety perspective. You know,
all the information we've looked at does not confirm this
practice is common. In fact, the exact opposite. That hasn't
been common apart from this one small group over four

(49:06):
jobs in Northland between late May and early June, and
obviously we saw the unfortunate circumstances of that coming together.

Speaker 2 (49:13):
Correct. Have you talked in the ensuing period since the
day it happened with a MIXIM and got to your
satisfaction and explanation as to why they hired people they
didn't train.

Speaker 15 (49:25):
Yes, yes, of course we have. We released our investigation
report six weeks ago and all this information was contained
within it. We've worked with a mix on, They've done
an independent investigation. They've got a long list of recommendations
that they are working actively on as well, focused on
our recommendations. The reality is you do need to be
able to train people on the job, otherwise no one

(49:46):
can ever become competent. But as someone that is a trainee,
they need to be under direct supervision. In this case,
the trainee wasn't adequately supervised. The work order approved the job.
The information transper had was that a competent supervisor and
to people with foundation competency, we're going to do the task.
What turned up on the job was a competent supervisor
in two trainees. This was an adequate and this is

(50:08):
one of the key findings. The root cause of the
event were not following procedures and practices. If that follows
their proscedures, how I would have never fallen.

Speaker 2 (50:17):
Come to so both the reports and I just wonder
if we're convoluting too much here because it's not actually
that complex. You people who didn't do their job properly.
I and from the text everyone disagrees with me, but
I argue it's it's I mean, ultimately it is your
fault because you hire these people, and your your ultimately
responsible buck stops at the top.

Speaker 15 (50:35):
I get that we're not avoiding that.

Speaker 2 (50:38):
At some point, when you hire people to do something,
you've got to have a level of trust that they're
going to do it, don't you. Therefore it's on them, Yes.

Speaker 19 (50:47):
You do.

Speaker 15 (50:48):
We have a robus quality assurance program and we do
hundreds and hundreds of independent audits of work throughout every year.
We have thousands of interactions where our job manager out
there inspecting site. Unfortunately, in a small package of work,
nobody visited that site. The service providers have their own
assurance programs that should have picked it up. So look,
we have taken that on board and we are reviewing
all our assurance programs seeing do we need to do more.

(51:09):
We're looking at how we can get better. Obviously, you
need to stop on one of these investigations at the people.
You look right through your organization and right through ser
prose organization and identify those things we can improve. And
we're focused on doing that.

Speaker 2 (51:20):
Okay, have a mixed some sacked in your body.

Speaker 15 (51:24):
They haven't sacked these people at the moment. They are
supporting them through the process. They're not through the processing
on our assets. Well, I guess I mean the crew
lescens never go out to do something like this, right,
They don't into have an outcome like this. The training
is need training before they can do work.

Speaker 16 (51:43):
That task.

Speaker 2 (51:43):
This must have occurred to you. I have no training
in doing this, but I can tell you something for nothing.
I wouldn't undo all the bolts for what I would
argue are pretty bloody obvious reasons.

Speaker 15 (51:54):
Yes, look I've arrived on the site from the next
and one look at that tower arrangement and absolutely should never.
And that is one of the things we to work through.
How could a fully supervisor Lyon mckinnick been trained on loading, rigging,
all those kind of things leading a crew that this
could happen. And that's, you know, one.

Speaker 2 (52:15):
Of the fundamental He wasn't playing attention. He was in
the cab having a sandwich. I bet wasn't he.

Speaker 15 (52:19):
Well, he was water blasting at the time, so he
had a mask on water blasking and the trainee continued
to take nuts off unsupervised and went too far, as
the findings from the investigation.

Speaker 2 (52:31):
So dis guy's on the water blaster, standing the watching
a guy and do nuts, and at no points does
he go that's quite a lot of nuts. I wonder
if that's too many.

Speaker 15 (52:42):
Well, he's blasting the tower. He's got a mask on,
So that explanation is he's not actually supervising this. The
member of the time, he's focused on the water blasting.
So the trainee's gone and removed nuts without supervision, which
is you know the fundamental failing here that led to
the tower.

Speaker 2 (52:58):
Well where are we at with compensation for the Northland region?

Speaker 15 (53:02):
Yeah, look, as you know electricity, Well, first of all,
impossible to guarantee supply one hundred percent of the time.
We really loved and we try very hard across the
the three to do that. Okay, ially agree and we
understand that. But I guess it's the value you have Sard.
Some of the numbers are coming out from the investigation

(53:23):
potential loss. You know, the value that electricity adds is
hugely higher than what we actually charged for the service.
So what that conversation it will be there's no mechanism
with than the existing framework to provide that. THEA report
looked into conversations and makes no recommendation to change anything.

(53:44):
You know, in essence, if we paid conversation, the cost
will have to be picked up by other consumers.

Speaker 5 (53:48):
And you've got evidence of the governance.

Speaker 15 (53:53):
Or reduced dividence government. Yes, of course we have insurance
and do that. Well. We are working actively and some
of my colleagues are hidden meetings in Northern today. We've
been working with the community out there. We are looking
to put some investment into the community. Tragedy, Sorry about
this event.

Speaker 2 (54:16):
Now you're dodging me. So if you've got insurance and
you're cocked it up, you've got to put it right,
because it's the putting right that counts.

Speaker 16 (54:25):
Yeah.

Speaker 15 (54:27):
Yeah, Look, we just obviously have insurance or businesses do
that as the mechanism we have under existing frameworks. As
you know, we are looking to put some community care
funding into the community. We don't have an ability within
our framework to pay compensation. That's practical.

Speaker 2 (54:46):
Ideas about I've done some way, Why don't you make
a claim with the insurance company. They already told you
they're not going to pay.

Speaker 15 (54:55):
No, I'm not aware.

Speaker 14 (54:56):
Of that fact.

Speaker 2 (54:57):
So you haven't even inquired.

Speaker 15 (55:00):
No, I'm not letting the insurance part of the business.
But no, I don't believe that's the case.

Speaker 2 (55:04):
So wouldn't wouldn't that be the next route you'd want
to follow if you wanted to do the right thing?

Speaker 15 (55:09):
Yes? Well, well a we're obviously working through those outcomes.
We're looking to work with the community on putting some
avestment into Northland around that.

Speaker 2 (55:19):
Okay, what's the time frame?

Speaker 15 (55:20):
Is the effect the effect of the money into the
effect of the guest to make that. But then our
tepe mechanism, but the electricity authority put together and we're
working through way we capture our costs. We don't have
a mechanism to do this, so you know that change
could come from the ultroscy Authority or from government.

Speaker 2 (55:35):
All right, what any time frame around sorry, well, the
timeframe so it doesn't drag on for months on and
and you keep coming up out programs like this going
oh yeah, we're still talking about it.

Speaker 15 (55:46):
Yeah, well, the meetings to the north Land I think
over the next couple of days and then we should
have an announcement around that.

Speaker 2 (55:51):
Eminently fantastic. All right, we'll stay in touch. Mark appreciate it.
Mark Ryle, who's the Transpwer executive general manager and loving
every minute of his job. Thirteen Away from eight.

Speaker 1 (56:04):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks V The Mic Hosking Breakfast with the
Jaguar f Base News Talks.

Speaker 2 (56:17):
EDB given away from it. So the trip Advisor Travelers
Choice Awards are out. This is in Hospital and Grove
Restaurant in Auckland turns out to be the ninth best
in the world in its category. Of the eight million
listings worldwide, fewer than one percent achieve this particular milestone. Anyway,
the Groves owner is Michael Death who was with us. Michael,
very good morning to you.

Speaker 14 (56:34):
Good morning Mike.

Speaker 16 (56:35):
So you're having me.

Speaker 2 (56:36):
No worries it all. So you're in the fine dining
space for this particular one. How would you describe fine
dining generally at the moment in healthy spirits or not
so good?

Speaker 16 (56:46):
Well, worldwide, it's pretty banged up. In New Zealand, it's
it's really rough.

Speaker 2 (56:52):
So to get something like this is fantastic.

Speaker 16 (56:54):
Yeah, we're Yeah, we have an attention to detail. We
work closely with some fantastic or is in producers and yeah,
we have a big team. It takes a big team
to pull this off.

Speaker 2 (57:06):
How does the trip advisory thing actually work. It's people
who are in and go there and and fill out
the forms or the answer the questions or whatever.

Speaker 16 (57:16):
Yeah, so that's it's an online platform for people that
travel the world. So when people from someone might be
from Egypt, one person might be from the Ukraine, one
person will be from Atlanta, Georgia. So people around the world.
They'll dine and then they'll leave some comments about your restaurant.

Speaker 2 (57:35):
Would that be a fair representation, do you think? See?
Because I've been to a lot of restaurants, so I've
never left an online comment in my life, So would
this be a fair representation of the people who come
to your place?

Speaker 14 (57:48):
I think so.

Speaker 16 (57:48):
A lot of times when people leave, when they leave
the restaurant, they're just gushing there with compliments and they
love the place.

Speaker 14 (57:56):
And most people book online these days.

Speaker 16 (58:00):
We always send out a little message after they die
and saying we appreciate that you've dined with us. If
you like to provide us any feedback, here's our email
you get in touch with us, or if you'd like
to leave a review, here's something on trip Advisor with
a link. And people go on and leave leave their thoughts. Fantastic,
And you know, the growth has been This is our
twentieth year. We celebrated our twentieth year in business this year,

(58:23):
so we've had a big year, a lot of celebration,
So I think we've been it's been consistent. We've been
consistent for a long time.

Speaker 2 (58:30):
That's the trick. And I know, do you still do
baduci you're still running.

Speaker 14 (58:34):
Boduci, Yep, still have Yep.

Speaker 16 (58:36):
I'm there several times a day. Then I'm back at
the Grove several times a day. I have the shortest
distance between Baduci and the Grove. A few little minor illegal.

Speaker 2 (58:45):
U turns there you go, because I'm Baduci's in the
casual category as well. So you're obviously doing something hospo
quickly you'll take on it. In this economic environment at
the moment in this country, where are we at with that?

Speaker 16 (58:59):
It's pretty brutal. I won't lie, and now I'll tell
you do feel like sometimes there's a conspiracy to kind
of kick us when we're down, you know, everything from
the bridge being out for a year connecting the viaduct
to the Windard Quarter. It's a bit ridiculous. How long
it takes, you know, a great nation like New Zealand,
we can't see them to get this bridge done, for example,

(59:22):
really just hurts us in a situation where it's already
a challenge.

Speaker 2 (59:26):
Well, you're doing your best, Michael, and he won a
couple of great awards, and I congratulate you, Michael Durth,
who's the Grove restaurant also, but It's see the Top
ten Fine Dining in the Country, by the Way, the
Grove Sales and Auckland, Jerbois, steakhount In, Queenstown, Logan Brown, Wellington,
Craigie Range, Havelock Writer and Queenstown are He Auckland, sid
Art Auckland, Paris, Butter Auckland, Mudbrick on Wahiki Island. So

(59:47):
there's some there's all some flesh dining to be done
in this beautiful country of ours. News for You in
a couple of Moments, and The Subtle Art of Not
Giving an f How a book changed a person's life Mark.

Speaker 7 (01:00:00):
And next.

Speaker 1 (01:00:02):
The Breakfast Show You Can Trust, The Mic Hosking Breakfast
with al Vida, Retirement Communities, Life Your Way, News Togs
ed b.

Speaker 2 (01:00:11):
It is seven past day, So a catch up with
an author whose book changed his life. The Subtle Art
of Not Giving an It was published back in twenty sixteen,
gone on to sell more than twenty million copies in
counting and that, along with a couple of couple of
other self help books New York Times best sellers. He's
coming back here in November as part of his The
Subtle Art of Not Giving An It tour and Mike

(01:00:32):
Mansin's with us morning, good morning. Now that I've got
you in Los Angeles. Last time we talked to you,
you were on the other side of the country, but
in Los Angeles, what's your Because Los Angeles is one
of my favorite cities in the world, what's your observation
of Los Angeles and its reputation post covid.

Speaker 13 (01:00:47):
H Los Angeles is a mixed bag because I think
what most people don't realize is that it's not one
big city. It's like ten small cities all crammed together.
So you can have there can be one experience in
one place, and then you just go three or four
blocks in one direction and the city completely changes. So

(01:01:08):
it's a very like heterogenerous experience being here.

Speaker 2 (01:01:13):
Okay, so good and bad. I was going to say,
because the reputation from the side of the world is
Los Angeles is not what it was. You would argue
differently if you go to the right bit of.

Speaker 13 (01:01:23):
It, Well, define what was I mean, Hollywood's broke, So
that's that's definitely one thing.

Speaker 2 (01:01:33):
Yeah, that's true. They've had the strike since I was
last year, and listen, I was looking I was looking
at you with Stephen Bartlett on his Diary of a CEO.
I think that is as a podcast is absolutely fantastic.
Correct me if I'm wrong. You were playing poker with
your friends, they wanted to get into finance. You thought
I might do that as is that how your life

(01:01:55):
was unfolding before this whole book thing came along pretty much.

Speaker 13 (01:02:00):
I mean when I was in Universe and when I
was in university, Yeah, I thought I was going to
go in the finance because I love playing poker. I
was really good at it. All my poker buddies were
going in the finance. But I think when you're that age,
you don't think much further than that. You just kind
of like, well, I like this thing, I'm good at it,
it makes some money, let's go do that. And then

(01:02:20):
you know, lo and behold it's uh. I hated every
second of it. I couldn't wait to get out. So
so yeah, it was a nice little experiment in my twenties.

Speaker 2 (01:02:31):
As an exercise in writing a book, getting famous and
transforming your life. How's it gone for you?

Speaker 13 (01:02:40):
No complaints, no complaints. It's one of those things where
you know, in some ways it the reality lives up
to your dreams and your expectations, but in a lot
of ways, it doesn't play out the way you expect,
you know. I think there's it's a it's a natural
human tendency to have this big dreamer goal and assume like, oh,

(01:03:02):
if I can just accomplish that, then everything will be amazing.
And and don't get me wrong, it is amazing, but
it never plays out the way you expect. It's always
messier and different and and all sorts of challenges that
you didn't you didn't expect along the way. So I'm
very blessed and grateful, but it's it's been kind of

(01:03:23):
a crazy ride.

Speaker 2 (01:03:24):
Okay, So would you change it if you could or not?

Speaker 7 (01:03:30):
No? No, no, I wouldn't. I wouldn't take anything back.

Speaker 2 (01:03:33):
Now because the idea was And once again, correct me
if I'm wrong. I think you wanted to get famous,
didn't you. You wanted to write a book that was
going to turn your life around. That was a goal.

Speaker 13 (01:03:43):
My goal was to be a best selling author. My
goal was, you know, I wanted to be on the
New York Times list. I wanted to sell a bunch
of books. I never fathomed that, as much as that
has would happen like this was completely out of the
realm of possibility to my young, innocent mind.

Speaker 2 (01:04:08):
Where did you get Where did you get the idea from?

Speaker 13 (01:04:12):
So I had been blogging for about six years online,
I'd built a pretty steady audience, and you know, I
when I was young, I consumed a lot of self
help material, and I was kind of disillusioned with it.

Speaker 7 (01:04:28):
I thought a lot of it was very just.

Speaker 13 (01:04:32):
Bs and Pollyanna and just like really tell like it
was designed to make you feel good about your life
and not actually like do anything about your life. And
so in the early twenty tens, I started asking myself, like, Okay,
what would actually like if there was a form of
self help that was just very honest about how difficult

(01:04:54):
life's problems can be and how difficult the solutions to
life's problems can be. What would that look like and
what would it sound like? And how would you have
to write it so that people would actually enjoy reading it?
And that was kind of I guess. So my own
frustrations with the industry was the starting point for what
eventually became my books.

Speaker 2 (01:05:15):
Were you surprised when it happened?

Speaker 7 (01:05:21):
I was surprised The extent of it.

Speaker 15 (01:05:24):
You know.

Speaker 13 (01:05:25):
I I was pretty optimistic when the book came out
that it was going to do well and that it
would it would resonate and sell well. But you know,
I think it was number one in thirteen different countries.
It sold seventeen million copies worldwide. At this point, you know,
I'm going back to New Zealand again to do a

(01:05:47):
speaking event eight years later, you know.

Speaker 7 (01:05:50):
So it's just all of these things are.

Speaker 13 (01:05:54):
It's the it's the extent of it that was just
so mind blowing and still to this day is kind
of surprising.

Speaker 2 (01:06:00):
To me exactly. Or hold on, Mike, We'll come back
in just a couple of moments. Mike Manson of the
subtle art of not giving an f or in a
moment thirteen past.

Speaker 1 (01:06:09):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, cowed
by News Talk.

Speaker 2 (01:06:15):
Zippy News Talks caught a past eight Mike Mansin's with
us out of Los Angeles Now, without getting too existential
about it, is what drove all of the success in
the book and all of that sort of thing. I
I want to be an author, a successful author, versus
say I was going to do this no matter what.
I just happened to get famous.

Speaker 13 (01:06:33):
No, I mean my I've never been primarily motivated by
like fame or money. It's to me, it's like fame
and money are useful ways to measure your progress in
this field. You know, for me it was I was
very much driven I still am driven by, for lack

(01:06:55):
of a better term, like cleaning up the self help industry,
like like fixing you know, putting out good advice that
actually works and it's actually useful for people, and and
and is practical and the scientifically based. Like that's always
been the motivation. I think just in the process of
doing that. A good way to measure the impact that

(01:07:19):
you're having is, Okay, how many books am I selling?
How many people are reading my my newsletter each week?

Speaker 7 (01:07:24):
How many interviews am I doing?

Speaker 13 (01:07:27):
It? Like those become useful metrics on the way, but
they were never the point. Like I can honestly say that,
you know, I probably would have done the same thing
even if it if it the book didn't do nearly
as well.

Speaker 2 (01:07:43):
Does the white of expectations sit hitvily on your shoulders
these days because of your success?

Speaker 10 (01:07:49):
Uh?

Speaker 13 (01:07:50):
It did for a number of years. I think there
there's like this. You know, in the in showbiz they
call it a sophomore slump, which is when your debut
thing is just massively successful. There's all of this expectation
and pressure that's put on you for like the next thing,
and I definitely suffered quite a bit from that. I

(01:08:11):
think at this point though, I'm like, I'm far enough
removed in my career to well not given f to
realize to realize that that I'm going to create a
lot of things over the course of my life, and
I'm going to do a lot of things, and some
of them are going to be really successful, and some
of them are gonna bomb horribly, and that's okay. I

(01:08:33):
don't get to choose which ones turn out which, So
I just need to do the best work I possibly can.
It took me a number of years to get yeah
to that point, but I am there today.

Speaker 2 (01:08:46):
I think you're very lucky. How old are you? I
just turned forty, Okay, so you turn forty. I'm fifty nine, right,
So I feel that I'm like you, I've been around
a long time. It doesn't matter anymore. I just have
the best time, and it is what it is. But
that took me a long time to get where I
am at. Whereas if you if you try, which is
my question, do you truly believe what you just said

(01:09:07):
is true?

Speaker 6 (01:09:10):
Uh?

Speaker 7 (01:09:10):
Yeah, for sure, for sure.

Speaker 13 (01:09:11):
I mean it's some of that is just having enough
experience to trust to yourself, I think, and not depend
so much on like, oh my god, are people gonna
like me? Are they going to like my new thing?
It's you have to kind of you need to do
enough work in the world to, like, I guess, earn
the confidence to stay on the path. But I mean

(01:09:34):
some of it too, is just uh, you know, financial security.

Speaker 7 (01:09:39):
Like it's if the.

Speaker 13 (01:09:41):
Next thing bombs, like, I'm gonna be okay, so I
don't it. Actually the sixth there was a real mindset
shift for me when I stopped thinking of the subtle
art and not giving it enough as something that I
needed to live up to, and started thinking of it
as something that like bought me creative freedom for the rest.

Speaker 7 (01:10:00):
Of my life.

Speaker 2 (01:10:00):
Yeah exactly. And so you did you come to that
conclusion by yourself or did somebody point that out to you?

Speaker 8 (01:10:07):
Uh?

Speaker 13 (01:10:08):
I mean, I'm I'm sure it Like it was a
multi year process, and I talked to a lot of
people in my life, you know, as I struggled through it,
so but it ultimately, Yeah, it was something that I
had to like.

Speaker 7 (01:10:24):
Fashi into my thick skull.

Speaker 14 (01:10:26):
Uh at some.

Speaker 2 (01:10:27):
Point, how have you turned it into a show?

Speaker 7 (01:10:33):
What do you mean when you're coming to New.

Speaker 2 (01:10:34):
Zealand you're going to be presenting it as a shot
like like, well, what's on stage that wasn't on in
the book? Or is it what's on stage what was
in the book?

Speaker 13 (01:10:43):
Uh? No, it's completely different. I mean it will be uh,
you know, inspired by the philosophy of the book, but
essentially what's on stage is uh, it's ninety percent new material,
it's new ideas, it's stuff that I've been working on
the past few years. It'll be part talk, lots of jokes,
some fun stories, audience, Q and A. They'll be meeting

(01:11:06):
greets afterwards. So it would just be a fun night
and for people who you know, want to learn something,
want to improve something in their lives, want to meet
other people who are on a similar path.

Speaker 2 (01:11:16):
Fantastic, it'll be great. Fantastic that your view on TikTok
I couldn't agree more. If if you do nothing else
in the world, get people off TikTok.

Speaker 13 (01:11:28):
Yes please, and we can advertise that down there and
Arkland and well to you know, it's like come to
the Mark Manson show.

Speaker 7 (01:11:37):
It's better than TikTok.

Speaker 2 (01:11:38):
Yes, well exactly, and you're not actually saying much by
saying that, but anyway, it's going to be. It's going
to be a good chunk here. Listen, lovely to talk
with you. Go well and we'll maybe talk when you
get here.

Speaker 7 (01:11:47):
Thank you so much.

Speaker 2 (01:11:48):
There we go. Mike mentioned now at Los Angeles who show,
by the way, is Friday, November the fifteenth in Auckland
if you're interested in that twenty one breakfast with the
real Estate newstalg ZIV got some good news. If you're
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(01:12:10):
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you buy from About Health by the way back with

(01:12:53):
a mannairback guarantee, so it's all good. Eight hundred triple
nine three are nine from About Health, Mark Manson. Great
interview Mike, Mike, I read both subtle art books. Just
brilliant they are, aren't they?

Speaker 19 (01:13:05):
Mike.

Speaker 2 (01:13:05):
Great interview with Mike. I've read that book and I'm
now going to get it out and read it again.
Well done, Peter, glad you enjoyed it. Speaking of people
who had a book changed their lives. Malcolm Gladwell hasn't
been on the program for a good number of years,
so we thought he would get him back. So he's
on in the next week or two. Mike Transpower is
a total fault. It hired contractors. It's responsible for all

(01:13:28):
the contractor's faults. A lot of you texted that and
disagreed with me. I know what you're saying, and ultimately,
of course you're right. I mean, the buck stops at
the top. You can't avoid that. But all I was
trying to explain is at some point you've got to
place some level of responsibility on the people you are
paying money to do a job. And so you've got

(01:13:50):
to have a little bit of faith in a little
bit of trust in that, and they've got to carry
some of the can. Having said all of that, I'm partially,
not totally, so this isn't my fault, but I'm partially
in charge of a tower. And on that tower is
the AM transmission of this particular radio station, and that's

(01:14:11):
ten eighty on the mighty AM dial. And once again
I reiterate to those of you who are having trouble
listening to me on ten eighty this morning, get off AM.
That is my message. If you do nothing else today,
get AM out of your life. Listening to me on
AM is only a half baked experience. You get the
full HOSK on the FM.

Speaker 10 (01:14:30):
So that's unless you happen to be listening to us
somewhere where we aren't on an FM frequency.

Speaker 2 (01:14:35):
Well ten eighty is in Auckland.

Speaker 10 (01:14:36):
Yes, yes, but I'm just saying you think you don't.
Don't tell everybody to leave everywhere.

Speaker 2 (01:14:40):
No, I don't leave everywhere. If you haven't got if
you haven't got an FM to go to, if you
haven't got an FM to go to, don't go anywhere.
But if you've got an FM to go to, a
better looking FM, a slim attract of looking FM, don't
the AM move on anyway. Ten eighty has got problems,
but we've got a crack squad of people. Either that
or the engineering department look looking at it and it

(01:15:00):
will be fixed.

Speaker 1 (01:15:04):
Big News Bold opinions, the mic Hosking breakfast with the
Jaguar f base cut from a different cloth.

Speaker 2 (01:15:12):
News togs edb like we're an Utiphi five minutes from
the city. As a Nelson have spoken to numerous textas.
We cannot get you on FM. Would like to put
you through the soundbar. You're not the only one. I'm
in fung array using my trusty twenty year old stereo.
I cannot get you on FM. It's not good enough.
I need to do something about this before I retire.

(01:15:32):
It's impossible to get the full HOSK along the Capity
coast on the FM. Possibly get the engineers to check
their intenor alignment or install a repeater. I'm getting a
repeater in the barn in the country. By the way,
that's an exercise. I didn't realize it was quite I
was full on starlink and the starlink I can see
from the barn. I can see the starlink. If I

(01:15:52):
can see the starlink, surely I can get a bit
of signal into the barn. And yet I can't. So
I'm having to get a What will I begin?

Speaker 10 (01:16:01):
It's because a repeating Neither the dish that you're looking at, yeah,
nor you as a person. Yes, neither of those things
are met wi FI. So I would hope I know.
Actually you got veccinated, didn't you, So you probably don't know.

Speaker 5 (01:16:18):
I am.

Speaker 2 (01:16:18):
I feel I am imagining something, Yeah, yeah, yeah, yeah,
it could be just yes, twenty two minutes away from.

Speaker 12 (01:16:23):
Nine international correspondence with Insieye Insurance Peace of Mind for
New Zealand business.

Speaker 2 (01:16:29):
Before I go, I'm going to play you this, this
is this is slam and defending his kid and all
the money.

Speaker 6 (01:16:33):
And we had a situation where the election was called
not when we expected it. I think most people my
son happened to be in the middle of his GCSEs.
That means there are a lot of journalists outside the
front door and in the street. I'm not complaining about that.
So I said, we're going to get you out of
here and get you somewhere where you can just study
and get to school them back without having to go

(01:16:54):
through all of that. And that's when someone says, well,
in which case, I can make this flat available to you.
It's safe, secure, he can get on with it. No
money exchanged hands. We didn't know money exchanged hands.

Speaker 2 (01:17:09):
Anyway, we'll cover all off Rod's weather this morning.

Speaker 5 (01:17:11):
Makee good ball into you mate.

Speaker 2 (01:17:12):
Right, he's busy, you can say that about him. So
he gives the conference speech. The keynote talks about sausages.
Then he then defends his kid going for more Ali
Wah lead money, and then he goes to New York
and he talks to the UN So we got a
lot on the Labor conference speech. The conference itself has
keynote address.

Speaker 5 (01:17:30):
How do you think it went six out of ten?
Five out of ten. Maybe he's not a great orator.
He said nothing of substance. He made one massive gas,
which is just a slip of the tongue, but there's
nonetheless dominated all the headlines ever since, which was referring
to the Israeli hostages as sausages, as you alluded. And

(01:17:53):
he said nothing of any substance apart from to slightly
tweak the message that everything in the country is gasping
and it's going to get worse. He said, everything's grassly,
but it's going to get a bit better sometime in
the future perhaps, And then of course he went he
went up to the un and whilst he was doing so,
the Conference voted against him, which is it is quite

(01:18:15):
unusual in a labor leader for such a review to happen,
especially one who has just taken office as Prime Minister.
So the Conference voted to reverse the enter the winter
fuel payments which Starr and Reeves had announced. It's not binding,
it doesn't matter, but it's just an indication of where

(01:18:37):
the Labor Party lies.

Speaker 2 (01:18:38):
Well, where does the Labor Party lie? And the reason
I asked that question is he did an interview on
the Today program and he believes the people like that.
And this is my ongoing thing that you and I
talk about, Rod, I can't work out where the Labor
Party we're at. So the heating it's very conservative, it's
not traditional labor. But he believes that people claiming long
term sickness benefits should be expected to work. But then
he goes quite often, I think what lies behind this

(01:19:01):
is a fear for someone who's been long term sickness
that they can't get back to the workplace. Are they
going to be able to cope? Is it all going
to go hopelessly wrong? What does he want to do
wipe their bumps? Is he a left leaner? Is he
a conservative?

Speaker 5 (01:19:13):
What is he? Well? It's very very difficult, isn't it,
Because what he's trying to do is to tick the
right wing boxes, which is, you know, we have nine
point four million people who don't do a day's work
and have no intention of doing so. And he realizes
that to the right that is a really big issue
and he needs to not towards it. But the Labor
Party generally, it's heart is not in that particular war.

(01:19:39):
Its heart is far more in clamping down on tax
evasion by the well off rather than in tightening up
benefits so that people actually see a difference between what
happens when they go up to work and when they
sit at home on their backsides. So he tries to play,
He tries to write two trains at the same time,
and of course succeeds in staying on the of them,

(01:20:00):
and that's going to be a real problem for him
and a big problem for him and within his party
as well. Meanwhile, you know, at the UN he wasn't bad.
At the UN. He was very very resolute on Russia
and very outspoken on Russia, the worst application of the

(01:20:21):
Charter in a generation, and that Russia shouldn't even be
in the room here to listen to this. And he
was quite harsh on Israel as well, saying, you know,
no more, no more excuses to stop, and let's get
the hostages back as well. So all things to all
men in very many ways.

Speaker 9 (01:20:41):
Mate, I guess so.

Speaker 2 (01:20:42):
But and probably glad to be in New York because
back home, once again, Lord ar Lee strikes when he
talks about Ali giving his kid the accommodation. Does he
have any indication of how fantastically out of touch he sounds.

Speaker 5 (01:20:57):
No, I don't think. I don't think that. I don't
think the Labor Party really grasps how badly the voters
take this stuff. Because the Labour Party thinks that they're
decent human beings because they're on the left and therefore
cannot be venal and grasping. But of course they are
venal and grasping just as much as the Conservatives are,

(01:21:20):
if not more. And no, they don't really understand it
at all. And you know, trouble dogged him even as
he went to New York to the UN with a
spat between the Trump camp and Angela Eagle, a long
term half wit from the party. We've had Angela Eagle

(01:21:40):
around for thirty years, who said that Donald Trump had
been guilty of antagonizing the right by talking of the
immigration problems and therefore fueling racism. And Trump of course said,
who the hell are you get lost?

Speaker 2 (01:21:57):
Exactly precisely I had promised him. Faithfully. He refers to
his son that I would give them an environment in
which he could calmly get on. His one chance to
do is gc ses. And therefore we relocated somewhere else.
So no hotel, no motel, no Uncle Gary's, no cousin's place,
no nothing, just Lord while Ali comes to the party again.

Speaker 5 (01:22:20):
Yes, it's incredible. And you think of all the kids
who were trying to do their two CSCs in a
you know, two up to down council is stated Manchester,
and how they will react towards hearing that it's shocking.
It's and he does not grasp how deeply it is
felt by the public.

Speaker 2 (01:22:39):
No, not all right, Mike, have a good weekend, will
catch up so Rod little out of Britain for a
sixteen to nine already the.

Speaker 1 (01:22:45):
Mic Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks at.

Speaker 2 (01:22:51):
Be listeners to the rescue as always, Mike. If you've
got a signal to your house already, use low cost
microwave point to point link. It's the line of sight
transmitter to the receiver. Little box breaks it back out
to an FM signal straight into your receiver. Can also
parallel transmit network signals for computers in the light. I
thought it'd be something like that.

Speaker 7 (01:23:10):
Yeah, that's what I thought it was.

Speaker 2 (01:23:11):
I'd do it myself. I thought we'd thought i'd need
to get a professional.

Speaker 10 (01:23:15):
But now you put it like, so, hang on, we
get the microwave, We get the microwave, is it we
put it on defrost or yeah?

Speaker 2 (01:23:24):
For six minutes? Yeah, power setting seven. That'll do it.
Another one of these surveys where you ask the question,
why do you bother? Because none of it's true? Robert.
Half have put out their survey this morning about how
we're all taking a second job. Forty nine percent of
us are considering taking a second job. What crap? What
complete and utter crap.

Speaker 10 (01:23:45):
Well, it's about two thirds of us, and this.

Speaker 2 (01:23:50):
Forty two percent second jobs necessary to meet their financial needs.
So if if almost half are looking for a second job,
what about the people are unemployed? Are they looking for
a first job? I mean, if you can don't make
ends meet with you one job and you want two jobs?
What about the people have no jobs? Why aren't they
looking for one job? How hard can it be? Thirty
two percent say they would do so for some extra

(01:24:11):
funds for discretionary spinning. Fair enough, that's the gig economy,
isn't it.

Speaker 13 (01:24:15):
You know?

Speaker 2 (01:24:15):
Side hustle, Fifty six percent believe their employer would be
supportive of them taking a second job. I hadn't thought
about it that way. I might go get a job
on the Breeze. Why don't I do that? Why don't
I go to afternoons on the Breeze.

Speaker 10 (01:24:30):
Well, your current employer may be happy about it. I'm
not sure about the people at the Breeze whether that'd
be there any welcome meet.

Speaker 2 (01:24:36):
Don't you worry hosk with the hits? With is that
what they do with the hits? Six in a row?
How many of that up to h the Breeze like
nine and a row? What do they do for even
still the station? Oh fantastic?

Speaker 5 (01:24:47):
Do you know?

Speaker 2 (01:24:47):
One of my most successful radio programs was at four
x O Underneaeden, which doesn't rate, doesn't exist anymore, not
because I was there.

Speaker 10 (01:24:55):
Are you very quick to put that out there?

Speaker 2 (01:24:57):
Anyway? I did mid day till four and I worked
out that the trick, if you're playing music on the radio,
the trick has not to say anything, And so I didn't,
And so I'd play four to five in a row
before I'd say anything, and only then it was to
tell the time and go into an ad break, then
play another four and five in a row, and they
were amazed at how well I rated, and I thought, ah,
I'm barely doing anything too, I'm rating through the roof.

(01:25:17):
It was fantastic. Then z B ragnid and even the
whole thing started and played from there. Where was I
fifty six percent believe their employer would be supportive of
them taking a second job. Well, there you go, Jason
will be into that. Wady a backup job in case
of layoff. This said probably applicable now given what I
just said. And seven percent, Now this is the best

(01:25:38):
one to fulfill personal goals.

Speaker 19 (01:25:40):
There you go.

Speaker 2 (01:25:41):
That's well worth getting a second job for Top tips
for Life from Mike nine Away from nine.

Speaker 1 (01:25:48):
The Mike Costing Breakfast with a Veda Retirement Communities News.

Speaker 2 (01:25:52):
Tom said, b speaking of people with jobs, we have
to congratulate this morning Aluro Healthcare, A Louro Healthcare, which
is where I get my toothpaste, isn't it? Yes, so
I have special toothpaste.

Speaker 10 (01:26:10):
Nobody surprised to hear that. I mean, it's like it's
the least surprising thing that they've heard from the show today.

Speaker 2 (01:26:17):
I have special toothpaste because I'm a weirdo. Anyway, A
Louro Healthcare. And this is why a Louro Healthcare. They
supply me with my special toothpaste. And they won last
night the under twenty Employees Best Company, Best Places to
Work award in the country. So isn't that exciting? And

(01:26:39):
the GM is it GM. The GM of that particular
company is none other than the person who decided to
marry Glenn.

Speaker 10 (01:26:49):
So she's made one terrible decision and decisions good company.

Speaker 2 (01:26:55):
Other one hmm. Sex Away from nine Trending now.

Speaker 1 (01:27:02):
The home of big brand cosmetics.

Speaker 2 (01:27:03):
And when I say company, I mean the stuff she sells,
not what she keeps. Now we've got the You've made
that super clear. Now, Okay, Rock and Roll Hall of
Fame have unveiled their lineup. So it's Sunday, October twenty
here if you're interested in that, it's on Disney Plus.
It's at the Rock at Mortgage Field in Cleveland, classy.

(01:27:27):
So this list is who the hosts or the people
people performing? Oh, they're performing? So doctor Dre is performing?
Is did he going to be there?

Speaker 14 (01:27:36):
No?

Speaker 2 (01:27:37):
Demi Lovato, du a Leaper, Ellen May, Ellen may I've
never heard her. James Taylor, he was at the he
was with Old Harris the other day at the convention.
He does the conventions. He's brilliant. Jelly Roll, Julia Roberts,
Julia Roberts, she going to do Keith Urban, Kenny Chesney,

(01:27:57):
we love her method Man, Roger Daltrey, Slash Love, Slash
the Roots. They're going to be introducing who's going to
be in the Hall of Fame. This is where it
gets a bit thin round the edges, doesn't it, to
be honest? I mean a lot of people are in
the Hall of Fame, clearly. Mary J. Blige, I mean, okay,
fair enough share Now that's I would argue over you.
Given what she's done. I would have thought you'd be

(01:28:18):
the Dave Matthews band. Dave Matthews, I had one hit band.

Speaker 15 (01:28:22):
What was this it?

Speaker 2 (01:28:23):
It was only one of them anyway, Foreigner, they're good.
Peter Frampton, he was excellent. Cool in the Gang, Cool
call on the Gang were at the Singapore gron Privi
other day and they looked like guys who used to
sing music in nightclubs in the seventies, and they had
sleeveless bests with glittery emblems on the front, and they

(01:28:45):
were drinking red Bull and I thought, now there's has
been banned A bed didn't think that's rock and roll. Now,
I didn't think that's rock and roll. I just thought
there's a couple of old guys in the garage. Anyway,
they were in Singapore the other day, but they're turning
up for the rock and rolls. All the fame and
Aussie Osborne. Remember Ossie on the show Haney? Those were

(01:29:06):
the days? Was that the high point of our program?
Is it when we peaked?

Speaker 4 (01:29:12):
Yeah?

Speaker 7 (01:29:12):
I guess you could describe it as that.

Speaker 2 (01:29:14):
I felt pretty good at the time. A tribe called
quest visit a tribe called quest is a quest, whereas
the whole thing's a tribe called quist to night.

Speaker 10 (01:29:25):
Don't you know that a tribe called quiest free ever
shifted the hip hop landscape and expanded the creative possibilities
for the genres.

Speaker 2 (01:29:31):
Could they get me FM and the bar?

Speaker 10 (01:29:33):
Can you tell that their freedom of expression, ingenuity and
minimalist brilliance continue to inspire generations of hip hop artists
and fans.

Speaker 2 (01:29:40):
Do they sell special to the place? I'm not interested
in them anyway, it's all on Disney Plus. We're back
tomorrow morning with what we'll resemble a program until when
Happy Days.

Speaker 1 (01:29:51):
For more from the mic Asking Breakfast, listen live to
news talks that'd be from six am week days, or
follow the podcast on iHeartRadio

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