Full Show Podcast: 26 November 2024

Episode Transcript
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Speaker 1 (00:01):
Setting the news agenda and digging into the issues. The
Mic Hosking.

Speaker 2 (00:05):
Breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news talks head been.

Speaker 3 (00:11):
I mean, welcome today the Lord Police Commissioner on his
first day gets to open a new police station. That's
not bad going change coming to NCEA level one. The
Prime Minister's in s's John Grisham along with Catherine Field
who's in France, and Ron Little who's hunkered down from
bert in Britain. Asking it is seven past six. Welcome
to the day. I know the Prime minist has been
giving the obligatory round of one on one interviews to

(00:32):
various media outlets to mark one year of the coalition.
It contains the usual stuff you would expect it to contain.
For what it's worth, I give them an easy seven
out of ten. This is the first proper MMP government,
of course, that we've had. Labour pretended the twenty seventeen
through twenty deal was the real thing, when in reality
the Greens weren't properly part of it. So three parties
all signed up, all fully engaged. Has it worked? Answer? Yes?

(00:55):
What about the treaty bill? I hear a few of
the more hysterical cry out. Even if you get carried
away by that, you can't argue that mainly this lot
get on fine. In Germany, their three party deal, of course,
has collapsed. Our three party deals rock solid. It's never
stopped surprising me. The media busy themselves still looking for
cracks and not giving appropriate weight to the idea that
the reason there are three parties is because they don't

(01:18):
all agree on the same stuff. Otherwise they wouldn't be
three parties. MMP has suffered because of two main issues,
one party's not getting on, two smaller parties vanishing while
in government. So far in this arrangement, neither seems to
be happening. All three parties continue to poll roughly where
they started. All three parties have adhered to the agreement.
Perhaps if you're handing out prizes, you could argue in

(01:41):
New Zealand, first are the best performers for Noah the
reason than they actually look not just like they aren't
going to blow the place up, but there I suggest
constructive Peter's is outstanding as Foreign Minister Jones as a
revelation in a variety of areas, act have real heft
in the workplace, reform, children's matters, the Treaty debate, schools
and regulation. The NATS have very good performers and education,

(02:01):
trade and infrastructure. Downside, things aren't moving at the pace
they should be or more importantly, need to be more, more,
more needs to be done. This country is in shocking
shape and needs urgent surgery, more doing, fewer announcements, but
one year in overall there is a lot more on
the upside than the other side.

Speaker 1 (02:24):
News of the world in ninety.

Speaker 4 (02:26):
Six, Yes is the talking point in the UK and
what we are doing as an organization is continuing to
warning and informing the communities across the country. So I
urge people to keep up to date with the warnings
that we are putting out.

Speaker 3 (02:39):
Remarkably they're managed to make them.

Speaker 5 (02:40):
With the political this government inherited from the previous government
flood defenses that are in the worst condition on record.
Now we've allocated in the budget two point four billion
pounds to upgrade our flood defenses.

Speaker 3 (02:54):
Bedwell, that doesn't stop the crime though. The shooting in London,
the thirty four year old.

Speaker 6 (02:58):
Male for sustained for tent life changing injuries, whilst the
eight year old girl remains in surgery, although we do
not believe her injuries to be life threatening.

Speaker 7 (03:08):
At this time.

Speaker 3 (03:09):
And to the war where the Russians look like they've
grabbed Britt fighting for the Ukrainian.

Speaker 8 (03:12):
He says he formerly served in the British Army and
that he signed up to fight in Ukraine's international legion.
He appears to have his hands tied behind his back
in this footage, and at one point he actually appears
with tape over his eyes.

Speaker 3 (03:25):
Higher up, the pushes on to keep the support flowing.

Speaker 5 (03:28):
It's hugely important at this G seven that all colleagues
across the G seven continue to stand with Ukraine for
as long as it lasts.

Speaker 3 (03:38):
Then to the rebuild of the Tories. Then you leader
was out espousing the value of hard work and success.

Speaker 9 (03:43):
Capitalism is not a dirty word. Wealth is not a
dirty word. Profit is not a dirty word. But we
need to start explaining how these things deliver for the
people out there.

Speaker 3 (03:56):
Finally, to the Court of California, Lyle and Eric Menendez
there are today. They're currently in prison, of course for
murdering their parents. But the Lada a couple of weeks back,
you remember recommended they be recent. Instead, this is pricking
your interest. Netflix Abil a little something for you. Neither
of them have been seen in public since nineteen ninety six.
The sixteen seats by the Way in the public gallery
offered via a lottery. There will be no cameras, no

(04:18):
cell phones allowed in the court. The status hearing as
their well it's a status. We'll see what actually happens.
That schedule for seven o'clock this morning our time, ten
o'clock California time. That is news of the world in
nineteen couple of quickies. Singapore's inflation is training the right direction.
Then number out this morning one point four four October
September was two. So car prizes are dropping, Rental properties

(04:39):
are easing a little bit there, so that's good. The
EU is going after the Chinese on that brandy business
as well. They're going straight to the wto. So we'll
see you in ten years and see what happens. Twelve
past six.

Speaker 2 (04:52):
The Mic Asking Breakfast Full Show podcast on iHeartRadio how
It By News talks.

Speaker 3 (04:58):
B Breadford that he was the other news I need
to give you best selling novelist. Of course, she's died
out forty novels over the years. A Woman of Substance,
probably the most famous, that sold thirty million copies, seven sequels,
TV adaption the whole thing. Anyway, she died over night
at the age of ninety one. Good life, fourteen past six.
You having funds management, Greg Smith, morning to you, morning

(05:19):
you Mike. You gotta feel sorry for you in New Zealand.
I mean, if you've got no engines that work, I
mean you can't do a lot of flying, can you really? Oh?

Speaker 10 (05:24):
Absolutely? And you know Boeing's problems or in New Zealand's
problems be a little bit different with evers. So yeah,
they had their half year earnings update you, so it
was actually better than fed. They also had their investor
day and then veiled a few inities. But yeah, certainly
been facing some turbunce and some headwinds. So looking for
the first half of twenty twenty five natural year, they
see pretext unions in the age of one hundred and

(05:46):
twenty two hundred and sixty million dollars. So to give
you an idea a year ago, in the first half
of it was one hundred and eighty five million, so
obviously down quite a bit. But yeah, aircraft shortage has
been a real problem maintenance delay. So they've actually had
sixteen percent of their entire fleet out of action at
some point during the first half of the financial year.
So pretty hard when you're facing that. And unfortunately, I

(06:07):
don't see these availability issues getting any better at least
until twenty twenty six, so they're probably going to have
to lease some more aircraft, you would imagine. So yeah,
hit by a self economic environment. You look at corporate
travel that's down double digit percentage over the past year.
But there's some good news here. They're seeing some signs
of recovery recently. Government spending no surprise, that's fawn down

(06:28):
by twenty five percent on a year ago cutbacks. Travel
demand is subdued. It's hard to see that getting much better.
But look on the good news side of things. They
are looking other ways to drive the bottom line and
a big initiative Mike is upgrading and remodeling their long
haul cabin So there's basically going to be more premium economy,
more business class seats. So it's going to reduce overall

(06:50):
capacity when you look at the dream miners, but it's
going to add thirty percent more business in premium economy.
Seats by twenty thirty. Obviously they'll be chidding a bit
more for those also looking to sort of improve things
as relates to cargoes to the targeting five and a
million dollars worth of games by twenty eight and also
looking obviously to invest in more fuel efficient aircraft, so

(07:11):
that should help as well with the They're facing some
costs increases and higher landing charges, but the basic message
was that the loss making days are over, there's brightness
on the horizon, and the updates seemed to be better
than fair. The shares rose two point eight percent, of
of course, started down heavily since pre COVID and down
around about fifteen percent year to day.

Speaker 3 (07:30):
What about retail sales? I got the word flat? Is
that fair?

Speaker 10 (07:34):
Pretty fair and a bit of very much a mixed bag.
That's probably being a little bit kind, So set us
on this. Reported numbers yesterday in retail sales for the
September quarter, so on a nominal basis, they were down
zero point seven percent from June to thirty billion dollars.
Volumes were down zero point one percent, so pretty flat.
There the ninth consecutive quarterly drop, but yeah, a bit
better than expected. But you look at it on a

(07:56):
regional basis, here not a lot to be positive about.
Fifteen of the sixteen regions had falls Aukhan down point
nine percent, Wellington down one point three percent. Most industries,
Mike and doing it tough. Ten of the fifteen industries
had lower sales volumes in September twenty four quarter compared
with June. Was a little bit of brightness. Mode of
vehicles and parts retailing, it was up four point three percent.

(08:19):
It can be a bit lumpy. Electronics and electrical goods retail,
and that was up four point six percent, but grocery
spend lower, food and beverage's lower, department stores lower, that
was down around two percent. So you just look at
it on a year ago basis, that shows you how
soft things have been. So actual retail sales down almost
three percent compared with the September twenty twenty three quarter. So, Mike,

(08:40):
we've got Black Friday coming up, Henry, so there might
be a bit riding on that. It looks like consumers
haven't got their wallets out just yet. Quite a few
saying that the September quarter might be the low point.
We've got the tax carts we've got cost of living
pressures easing, and of course we've got those lower interest
rates feeding through. But yeah, it might be a bit
early to call that, but time will tell. One I
think it does suggest is that GDP growth is likely

(09:02):
to be challenged at least in the their term, although
we won't get those September called a GDP numbers till
just before Christmas.

Speaker 3 (09:09):
How about that Kiwi fruit?

Speaker 10 (09:11):
Oh absolutely, so these are this is trade does this
is really good news to sort of close out on.
So kiwi fruit exports they rose one hundred and thirty
three million in October, should say, to one hundred and
forty six million dollars. That's up one thousand and seventy
eight percent. So you look at the export values so
far the season three point four billion dollars. You look

(09:35):
at the year ago two point four billions, so a
billion a here, just amazing. And overall, fred exports did
pretty well. Other export commodities doing well, milk, powder, butter
and cheese that was up sixteen percent, no surprise there.
And yeah, exports rose seven and a half percent month
on month to five point eight billion dollars. In ports
they rose a bit as well, by three percent over opshot.

(09:56):
What might was that the monthly trade deficit for October
was one point five billions. That's down around about six
hundred million from September. So that was good news. And
you look at it on a country basis, China's doing
pretty well, up eight percent there compared to a year ago.
In terms of exports, Australia, EU was up as well,
Japan was up, and on the imports front, year was

(10:17):
a bit of a nicked bag. We're important to just
speaking on any news, and there's lots of sort of
aircraft and parts imports coming through, but yeah, lower motor
vehicles and parts, particularly from Japan.

Speaker 1 (10:27):
But looking at an.

Speaker 10 (10:28):
Annual basis, exports were sixty nine point seven billions. It
was at one point three million from year ago. Imports
were down five point nine billion from previous years. Annual
trade deficit was nine billion, and it compares to October
twenty twenty three when it was fourteen point eight. So
good news there and we might see him some more
improvement MIC with a weakening currency.

Speaker 3 (10:50):
Give me the other numbers. So we're talking.

Speaker 10 (10:52):
About another record high for the Dow. So there's been
a very positive response to Trump's pick for the Treasury Secretary.
It seems he might water down some was protectionist policies.
So the Dow is that point seven percent, forty four
six one, A S and P five hundred up point
three percent, as is the Narstak. The Footsea is up
point four percent, the nick Eye is up one point
three percent. Talking record highs the asex two hundred across

(11:15):
the tairs and also hit one point three percent eight
four one seven ins in X fifty we had another
great day, up one point two percent, thirteen one ninety six,
Gold down eighty two dollars two six three three announce
oil down two dollars thirteen sixty nine spot one point one.
Just in the currency is key. We up slightly against
the US dollar fifty eight point four, up slightly against
the A eighty nine point nine, and pretty flat against

(11:37):
sterling forty six point five.

Speaker 3 (11:39):
Good on you go, well, appreciate it. See you tomorrow, Gregsmith,
Devon Funds Management, pass Ki Property Group. Decent result the
Observie Park, among other things. Bunnings came in yesterday here
they've their profit is up, so that's good. We're buying
all the stuff we'd like to buy it Bunnings and
Turners keep on keeping on, so they've had a very
good result as well. So there's a little bit light
at the end of the old economic as they say.

(12:00):
Six twenty one, he reduced talks 'bug Money Now.

Speaker 2 (12:08):
The Mike Asking Breakfast, a full show podcast on iHeartRadio
powered by the News Talks AB Mike.

Speaker 3 (12:15):
Agree about the coalition. I gave him seven out of
ten Prime Minister with us in an hour in the studio.
He's in the studio because of course parliament's not open
yet again for a government that's got so much to do,
as I keep pointing out to him every time he's
in the studio, not that we don't like having him
in the studio, but he's only in the studio because
he's not in Wellington, and he's not in Wellington because
the parliament's not open. Agree about the coalition and all
Labour seems interested in his wealth and capital gains tax.

(12:36):
Talked David Cutlip about that very shortly. They've got the
big agm this weekend the Labor Party and they're going
to have a vote on capital gains tax. Mike, I
don't think the government could get a six regarding finance,
as Nicola Willis has spent way more than Grant Robertson.
Just to correct you, that's simply not true. You reference
to the needon hospital, which is another problem, of course,
in the great deal of banks in that part of

(12:56):
the world. Over at morning, Mike, the government is more
closed than working. That's why a nothing gets done, mikey
kidding me? How can you give seven out of ten
for a government in a country going backwards and back
from Sydney after eight months? Nothing seems to be working
here six twenty.

Speaker 2 (13:09):
Five trending now quin Chemist Warehouse, the home of big
brand Fight of me?

Speaker 3 (13:14):
Isn't that a bus this morning? With a science project
from a team at Leeds University. The research paper actually
stems from twenty twenty, but it's only been recently unearthed.
What has been found is that scientists were able to
successfully three D print the mouth and vocal cords of
a mummy who is believed to have died in ten
sixty nine BC. So they made their best attempt to

(13:35):
recreate the voice and spent just over six million dollars
doing it.

Speaker 6 (13:41):
Eh, it's the way, It's the way, he tells them, Mummy.

Speaker 3 (14:01):
I've got the stupidest poll of the year just before seven.
This is right up there with it. Anyway, It's got
King Richard vibes that we told you about the other day.
I remember King Richard. They recreated King Richard's voice. That
was crap as well. So it's the first project if
it's kind to recreate the voice of a dead person.

Speaker 6 (14:17):
It takes out a word there to successfully recreate the
voice of it.

Speaker 11 (14:24):
Oh that's on, Kenny.

Speaker 3 (14:26):
So I've changed two million for that. I'm just saying.
So I've taked you four million dollars, all right, two
point five min They think they can recreate full sentences
with his voice in the next decade, right, Oh, David
candl If haven't heard from him for ages, so we'll
get a get a vibe. So the vote on the taxes,

(14:47):
whether they move forward with the idea and then sort
of finesse it. That's what they're looking at this weekend anyway.
Capital gains tax more in a moment after the news,
which is next to news Talk, d.

Speaker 2 (14:57):
Be You're dis Trusted, h the News for Entertainments, Opinion
and the my casking Breakfast with a Veta, Retirement, Communities,
Life your Way, News, togs.

Speaker 3 (15:09):
Head be Wicked's done well over the weekend in Britain,
top grossing opening weekend of any Broadway musical adaptation ever
in the UK and Island, so that story is going
to be told all over the world. I suspect forecasts
about thirty million for the weekend, so that would be
a top grossing opening weekend for twenty twenty four. North America,
they had the strongest weekend at the box office before
Thanksgiving holiday since twenty thirteen, so that's encouraging. Movies are

(15:32):
back very heavily skewed female. Seventy two percent of the
people who went to were female. Third biggest opening in
the US this year, behind Dead Paul and Inside Out.
To soundtrack is top of the pop so it's going well.
Twenty three to seven G seven's on. Of course in Italy,
our Castle, hild and plants will cover that off for us.
And I know that the pen's threatened. You would bring

(15:52):
the government down by Christmas. I thought she was busy
in court, so she's obviously able to do a number
of different things at different times. So catherin Field with
us on that shortly meantime back here, Labor Party have
their annual party conferences weekend, there'll be a vote apparently
on the capital gains tax. The vote will decide whether
to move forward with the idea and if so how
I'm now former leader and Finance spokesperson David Cunliff is

(16:13):
with us on this David, morning to you, good morning.
Make the history of it and the various attempts within
the Labor Party over the years to get it enacted.
How will that play do you think this weekend?

Speaker 12 (16:25):
As you say, it's an idea that's been around a
long time. New Zealand's almost year can develop world and
not having a capital gains tax, so it's prettymature debate now.
It's almost I would have thought a no brainer. But
let's just see it the.

Speaker 3 (16:39):
Mat for the members, what do you reckon will happen?

Speaker 13 (16:44):
I don't have any.

Speaker 12 (16:45):
Side knowledge on this, but my sense is that both
the finance spokesperson Barbara Edmunds and the really new sposed
person Debra will probably favor CGT. But I think that
they'll leave it to the members to kick the boarder around.
There's a lot of reasons why you do the CGT.

(17:06):
It's fair, it takes a little bit of the heat
of property speculation that evens up in centers between asset
classes to help business work and capital go forward. And
you can use it for it can come tax offset
and you know, if you want a broad based, low
rate tax system, you probably want to cut all sorts
of incoumbers. They're from labor or from capital, and it's

(17:28):
just the smart and fair thing to do.

Speaker 3 (17:29):
And love you do you offset it with some sort
of compromise elsewhere or do you just sell it the
way you've just sold it.

Speaker 12 (17:38):
I think it's very possible to over time use it
off sets and income tax. So you know, you teach
us doctors your farm and your farmers can take less
growth of or a cut in income tax in exchange
for realized capital gains usually excluding the family home being
brought in at some.

Speaker 7 (17:55):
Sort of rate.

Speaker 12 (17:55):
Just bordance tax basement means can give off sets elsewhere.

Speaker 3 (17:58):
What about the politics of it, Say you're going and
if the pollcasters are right, you've got some real growth
back in the economy. By twenty twenty six, You've got
a national lead government that goes, not only do we
not increase taxes, we're looking to cut them. The economy's rolling.
How do you sell that in an election?

Speaker 12 (18:11):
You Well, firstly, this is new. In the last couple
of elections, CGT's actually poled really well, and one might,
with a wry smile on your case, say the CGT
poll better than the Labor Party, so it's unlikely to
be a net vote loser, and most middle grand national

(18:34):
voters I know would also support a CGT. Not so
a wealth tax. I mean a wealth tax has got
a retrospective element sometimes because it goes to accumulated wealth
and high wealth individuals might vote with their feet. So
I think that's a much risky proposition. I think Labour
should be moderate here and just do a sensible, relatively
low rate board based CGT.

Speaker 3 (18:56):
Good insight, appreciate it. David Candler, former Labour Party leader,
of course, ninety minute away from seven, Mike, how do
you fix a country with no money? Previous government spent
money we didn't have for six years. Be very careful
what you wish for, Mike. When the Labour Party justifies
introducing attacks like CGT because of other countries having it,
I find that a week and lazy excuse, Mike. I
can get out of the capital gainst tax. I just
leave the country. Well, the problem with that, Keith is

(19:17):
you've just heard most countries have a CGT, so you'd
leave the country to walk into a CGT. Mike, maybe
some of your correspondences who gave this government a six
out of ten or worse, need to remember that you
can't make chicken salad out of chicken. You know what.

Speaker 2 (19:29):
Nineteen to two The Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 3 (19:35):
EP CGT's been well received. Mike's CGT is certainly a
no brainer if you want to ensure this country loses
what's left of its First World status. Mike. Of course,
Label will vote for a CGT. That's all they know
is tax. Mike. Labour's issue with raising revenue by whatever
sort of tax has nothing to do with how they
gather the revenue. Their repeated record shows they will squander
ineffectively whatever they managed to extort. Mike, all Labour can

(19:56):
strategize about is how to take more of the pie,
not how to grow the pie.

Speaker 14 (20:00):
Sixteen to two International Correspondence with ins and Eye Insurance
Peace of mind for New Zealand.

Speaker 3 (20:06):
Business chasin feel very good. Choose them only for you
very good, which is right, Give the uptick if you
want in the War House. The G seven handling all
of this.

Speaker 15 (20:16):
Oh, the G seven Foreign Ministers meeting at the moment,
initially just outside of Rome. There is real concern that
Ukraine is now entering what it's third winter of the war.
We're seeing the American sector of state. Lincoln's the meeting,
trying to push thing through because this, of course will
be his last meetings as a member of the G

(20:38):
seven Foreign Ministers. Today, well, Monday, in fact, the big
focus was on another flashpoint of course we're dealing with here,
which is Israel's Middle East. They're hoping that they could
come up with some sort of ceasfire agreement. They've been
joined at the meeting by various representatives of Middle East nations.
Haven't heard anything from that yet.

Speaker 1 (20:58):
But also I.

Speaker 15 (20:58):
Think we're going to at Tuesday, which is going to
be the big day when they look at Ukraine. They've
got certainly looking through different eyes, Mike, because it's not
forget last week that President Putin said that Keith's use
of those American and British longer range missiles had completely
changed the dimension of the conflict in Ukraine. It said

(21:19):
that was now a sort of a war, let's say,
a war that's got the characteristics of a global war.
So they're going to be looking at that, looking at
how they can possibly maintain the military and economic supplies
to Ukraine, bearing a mind that in early twenty twenty five,
Donald Trump will return to the Oval Office and then

(21:41):
the cards will be shuffled around. Our meantime, Europe has
Ukraine on its doorstep exactly.

Speaker 3 (21:48):
So last week we were talking about the ferns and
swedes and all of that, and they're handing out brochures
to get ready for a war and how to survive
for three weeks and all that sort of Now we've
got bunkers and shelters in Germany. Is there really that
over the level of genuine fear?

Speaker 15 (22:03):
There's a fear among a lot of people that not
enough as being seen to be done against the possible threat.
And I think this is coming more not so much
from what's actually happening in Ukraine, but more from what
a lot of the military people are telling us about
that this is a different type of war now that

(22:25):
Western Europe is having to deal with all sorts of
attacks against critical infrastructure. It just looked last week two
telecom cables were severed in the Baltics. We're seeing what
just a couple of months ago was in July and
Leipzig and Germany, and scendury devices hidden in pustles and warehouses,
disinformation campaigns. There's just a lot of people thinking, Wow,

(22:49):
there's a lot going on. The French head of the
Armed Forces has said quite clearly in an interview that
NATO doesn't have the tools for this type of what
he called a sort of gray zone competition, which involves
critical infrastructure. So I think that is where we're looking at,
and which is why, of course, in the last couple
of days we've see the Germans admitt that they're going

(23:11):
to come up with an app that people will be
able to look at on the telephones, which will show
places they can go bunkers, underground train stations in case
they need urgent shelter.

Speaker 3 (23:22):
Wow, how's Lopin going to bring down the government? I
thought she's busy in court.

Speaker 15 (23:26):
Ah, she's busy in court too. Final down that is
going to be Friday, what she's said. And she came
out of a meeting with the Prime Minister on Monday morning,
saying that there are certain red lines she's got with
next year's budget, and she said that the Prime Minister
didn't seem to be listening to her, that the Prime
Minister just told her back what was going to be
in the budget. So here's what happens back. They're not

(23:48):
going to get through the budget through Parliament, so they're
going to have to put it through on a decree.
Lapen has said if they try and put it through
on a decree, she will vote a centsire motion as
she'll go for a cential motion again the government. Now
that could also be agreed with the far Laft who
are also anti this particular government, anti this budget, and

(24:08):
they have said if he tries to push it on
a decree, they of course will vote for an essential motion.
So all eyes on December eighteenth, which is when this
budget has to go through.

Speaker 3 (24:17):
By fantastic, you are so good, we'll get you back Thursday.
Catherine Field in France Boris this morning, just before we
leave Europe. By the way, in Romania they been having
a vote for the presidency. There's a guy called Jiugescu
who has won the first round of the elections. Is
this surprising. Oh yes it is, because most pre election
polls have projected he would receive single digit support. What

(24:37):
he ended up with was twenty two point nine four
let's call that twenty three percent, and he's won it.
He's an ultranationalist, he opposes military aid for the Ukraine.
He's mainly campaigned on TikTok and he's popular. Fell short
of the fifty percent. So he's up against a woman
called Lasconi, who's the leader of the opposition center right
Union Save Romania USR party, who came second at nineteen

(24:59):
point one seven percent of the vote, and they will
have a runoff in December the eighth. So another one
of these interesting elections to watch. Eleven away from seven.

Speaker 2 (25:07):
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Speaker 3 (25:12):
It's interesting. It's reading a very good piece yesterday on
the success of Putin's war from the Russian point of view,
and a bit of polling's been done and there's a
growing well, a couple of things happening. One, a good
number of people want some sort of initiation of peace talks,
but equally, at the same time, the number of people
who accept the use of nuclear weapons is rising. So
almost half of these people surveyed in Russia found the

(25:34):
use of nuclear weapons unacceptable, and that's a slight increase
since last year, wh the number who considered it acceptable
was thirty four percent. So of course they don't hear
a lot of it, you know. They what's really going
on versus what Putin tells him is going on is
two different things. What exactly is you're share of the
money someone else has worked hard to earn. Labour seems
to think it's the majority of it. Well, that's true.

(25:56):
Look at the top tax rate in this country. It's
thirty nine cents add GST on front that you're well
in excess of half of everything you and you're handing
over to the government. It's always interesting how labor want tax, Mike,
don't tell me what it's for, just we just want it.
If we trusted labor with capital gains, it might be fine,
but we certainly don't. The role model of Singapore or
Hong Kong, the Switzerland, no CGT, simple tax and as
little as possible is the answer. Sex away from seven

(26:20):
all the ins and the ouse.

Speaker 1 (26:22):
It's the fizz with business favor.

Speaker 2 (26:24):
Take your business productivity to the next level, right.

Speaker 3 (26:27):
Buttle up, This is insane. Tourism industry is calling. Next
year twenty twenty five, economies start to pick back up
and we start to apparently start to travel. So booking
dot Com has asked us what we're looking at doing
next year. Nine key things. One I don't even know
that I'll get through nine because one I'll run out
of time, will be on my head, I'll explode.

Speaker 2 (26:45):
One.

Speaker 3 (26:45):
The first is called noc tourism. We're fascinated with space
and the universe and we want to do more around that.
So first of all, we can't. There's no ability to
go anywhere, so that's a complete nutter waste of time.
Two immortality. We are increasingly prioritizing wellness. Fifty nine percent
want to go on a longevity retreat. Forty eight percent
they do a holiday that has the sole purpose of

(27:07):
extending your life. Thirty six percent would travel for cryotherapy.
Once again, complete crap. I understand the extending your life
going to a wellness place, I fully get that, but
cryotherapy is not a holiday destination. Three AI itineries sixty
eight percent of us apparently going to use AI to
help plan the trip. Four multi gen mega trips. So

(27:29):
we're shifting our focus from saving for the future to
creating lasting memories with trips. Your memories are a thing.
Travel Tuesday, so youve got Black Friday, Cyber Monday. Travel
Tuesday is now increasingly a thing. So people want to
buy experiences. So fifty four percent of baby boom has
already displashed the cash sixty five percent, so they pay
for their kids or grandkids to come along as well.
Boys to zen as number five rise in men only trips.

(27:52):
I mean that's an age old thing, isn't it really
going off with the blokes sex ageless adventures. We don't
like the idea of a quiet retirement. Twenty five percent.
They want to push the boundaries of their comfort zones
and their older age. Neuro seven neuro inclusive navigation. This
is taking trips that help neurodivergent travelers not to have
a negative experience. Whatever eight vintage voyaging fifty say. They

(28:18):
intend to be thrifty or on the trip. That was
the guy from her who died the other day. He was,
you know, the Fromer's guy he died. He said, the
less you spend, the more you enjoy it. I found
that to be completely the opposite. Fifty three percent say
they're also looking to upgrade and change their wardrobe on
the next trip. See, I thought that was just me,
and I don't say that out loud because that makes
me sound really weird. I go on holiday to buy

(28:39):
new clothes, mainly because I don't shop during the year,
and I think while I'm here on the as well
buying new clothes. But fifty three percent, so that's actually
the majority of us go shopping on holiday, So not
weird at all. Nine The Great Escape. We want to
explore airports. We want to explore airports with new, unique experience.

(29:01):
Sixty three percent of US want to experience a new airport.
Fifty six percent say now this, but it's true. Fifty
six percent say we feel less stressed before a trip
of the airport's better. That is true, and that's why
Auckland Airport is going to go well this summer. Twenty
four percent say there would take a trip to a
country specifically if their airport is known to be good.
That's not as wacky as you think, because you will.

(29:23):
A lot of people I know, including myself, avoid La
for that exact reason. I flew to America last year
to New York via San Francisco for exactly that reason,
to avoid LA. And that's why CHANGI so popular. It's
why do buy so popular? The seamless experience. Anyway, the
police commissioner two interviews in about one week. What's going
on here, lads? Anyway, the police commissioner with this new

(29:45):
police station, after the news which is next?

Speaker 2 (29:49):
The newsmakers and the personalities the big names talk to,
like my costing breakfast with the range Rover, the LA
designed to intrigue and use.

Speaker 3 (29:59):
Tom said, morning seven past seven is not a bad
first day for the new police commissioner with the announcement
of a new police station downtown Aorkland, the country's biggest
central city, has of course, had a shocking number of
bad headlines around crime and safety. Commissioner Richard Chambers back
with us morning, Good morning, Mike. Was this part of
your contract negotiation on day one you had to open
a police station?

Speaker 13 (30:19):
No, it wasn't, Mike, But how wonderful for me to
be able to do this on my vertest day and
the job as a place commission.

Speaker 1 (30:24):
Exact on city.

Speaker 3 (30:26):
Is it a no brainer in the sense that if
you put a station plank in the middle of the city.
People feel better about life.

Speaker 13 (30:33):
Absolutely, visibility, our presence in the Central Business District is
absolutely critical to safety and it's a real pleasure that
we were able to make the announcement yesterday. Am Very
soon we'll have fifty one beats working twenty four to
seven around the CBD and it's a passionate community and
it's a commute to be able to provide them with
a better police service.

Speaker 3 (30:52):
I watched the press conference live yesterday. I thought what
Mark Mitchell said was true. Having been a beat cop himself.
The role in the power of the beat cop from
your point of view as what well, exactly.

Speaker 13 (31:04):
The same as a minister. Actually, because I also spent
time walking to bet here in Auckland City when I
began my career nineteen ninety six. Is just one of
the things that we do as police officers. It's back
to basic policing in the sense they're walking the beach,
ting to know the people around town and didn't having
them get to know that us is good policing. And
so we're very focused on making sure we improve our

(31:24):
visibility IM presents across the country. Here in Auton City and.

Speaker 3 (31:27):
What about the argument that crime simply moves elsewhere the
more present you are downtown Auckland, they'll just go elsewhere.

Speaker 13 (31:33):
No, So look the city as in you know, hundreds
of thousands of people every day here, So the presence
of us is very important to be It's very important
twenty pour seven. It's important to have a public counter.
Just because we're here in the city doesn't let people
are going to leave.

Speaker 3 (31:49):
Right the stabbing you'll be aware of the other day,
the garden new Market which is sort of in downtown Auckland.
For people listening around the rest of the country. That
reminds us still that there's something desperately wrong with us,
doesn't it.

Speaker 13 (32:02):
Oh, look, you know, the reality is crime is always
going to exists in one way or another, and that's
a very tragic instant of course. And have presence here
in the city is important to help deal with those,
particularly across the transport network as the infrastructure here in
Autan city expands. So yeah, our presence everywhere is critical
and will work very very.

Speaker 3 (32:23):
Hard to for the safety person appreciate it very much.
Richard Chambers, new police commissioned in nine minutes past seven
pasking other potential tinker with THENCEEA. This time we've got
Level one which is in need of substantial reform. Their words,
not mine. The Education Review Office doesn't think the current
curriculum is a fair or reliable measure of knowledge and skills.
A report was requested by the government back in April.

(32:43):
Those findings arout this morning. The ero's Deputy Chief Executive
rout Shanoda back with us, good morning. Your view generally
of this whole Level one thing, we don't seem to
have got it right. There's a lot of mucking around,
many people don't like it. Where are we at with it?

Speaker 16 (32:58):
We only need to have reformat. It's just not yet
a reliable, credible or fair measure of students knowledge.

Speaker 3 (33:04):
Is that the problem with the schools who don't use it,
or no matter what you do, some won't use it.

Speaker 16 (33:11):
So schools are opting out as you said, next year,
lesson three quarters nationally are going to be using it
in an arm or afflent communities. It's less than half.
What they're saying to us is it's not a reliable
measure of schools and knowledge. Sixty percent of teachers say
that an example that's fairness point is three quarters of
leaders say that the credit students get aren't an equal
amount of work, aren't equally difficult. Schools offer a real

(33:32):
variety of number of credits. Some kids can be offered
sixty just what they need. Some got one hundred and twenty,
so that doesn't give them an equal chance. And then
when it comes to assessment, it's not equally difficult. If
you did an internal assessment something marked in your school,
you're twice as likely to get a good grade like
an excellence. Then if he did something externally so that
other schools are dropping it because of the issue around burnout,

(33:53):
just too much assessment three years in a row.

Speaker 3 (33:56):
Okay, so a couple of things there, this business of
getting an excellent smark, you're more likely internally than externally.
Is that NCAA level one or is that the teacher's
not doing the JAR properly.

Speaker 16 (34:06):
It's a bit how NCA one's designed. So there's a
lot of different things that can be offered that different
ways of being different standards, And what teachers and leaders
are telling us is they're not equally hard, and that
means it's not equally difficult for students or equally easy
for students, they don't have an equal chance at it.
Teachers are also really concerned about it not setting up
students well for NTA level two, because most students do

(34:29):
continue into school into level two and it's just not
setting them up with the knowledge they need.

Speaker 3 (34:34):
Why isn't it top down instructed to do it all
the same all over the country, only a third offer
all four parts of a course. Why why don't you
just sit the rules, do it and then that will
partially won't it solve your problem?

Speaker 16 (34:45):
So that's one of the things we're saying we need
to perform. We're saying, Look, first of all, let's have
a look at NA level one, two and three together.
There's the last three years of schooling, so we really
want three years of back to back assessment. We look
at other countries they don't do that. And then if
we do want an assessment here, as you said, let's
have greater consistency of what students are taught. So let's
get that curriculum right first and then assess it, and

(35:07):
then let's reduce this variability so it's equal amounts of work,
equal chances of success.

Speaker 3 (35:11):
All right, appreciate it. Ruth Shanoda. The Ro's Deputy Chief
Executive twelve minutes past seven. Sound like you've gone off
on the CGT thing. I've argued this all along that
if they go to the my big thing is well,
all the forecast are are suggesting that growth next year
is a problem, unfortunately, and we'll talk a bit about
that with the Prime Minister, because of course we would
have thought by now we're starting to see the light

(35:32):
at the end of the tunnel. We are, but not
enough anyway, So next year's a bit flat growth wise.
But twenty twenty six election year gamebusters apparently, according to
the experts, three percent plus. So you've got an economy
that's rolling. People start to feel good about life, and
then along comes labor dumpty doo in election year with
and by the way, can we introduce you to a
new tax at the same time where the current government

(35:54):
I'm assuming will at least be doing no tax cuts,
no tax increases, maybe even tax cuts anyway, Mike Labour
get it. More taxesn't the answer. Can't get good people
to stay here and good people to come. Why make
it even less attractive? Mike the Great Cunners believes that
capital gains tax is a vote winner. That's a decade
of center right government right there, Mike, contrary to Kunnler
for cgteam is grossly unfair to New Zealanders who have worked,

(36:16):
saved and made something of their lives, only to watch
that money taken off them to benefit those who prefer
to live off the state. Kimmie Badenock I noticed earlier
on We played a little piece was out basically saying
the same thing she busies herself trying to rebuild the tories,
that wealth and success is not a bad word. And
there's a lot of New Zealanders, middle New Zealanders who

(36:36):
actually quite like working hard, do reasonably well and would
like to keep a little bit more of their money.
Housing very good news this morning. Confidence on the rise,
that is the good part of the economy. I can
deliberately the asp Data Confidence Survey and net twenty four
percent of respondents expect house prices will rise up from
a net thirteen, so thirteen to twenty four. That's good.

(36:56):
Net twenty percent believe now is a good time to buy,
that's gone from eight to eight twenty. That's good. A
net fifty seven percent expect lower interest rates still to
come I'm not one hundred percent convinced about that, because
I mean, yes, the cash rate's going to go down tomorrow,
but banks and markets have priced a lot of that
in already. That is the highest rate that net fifty
seven percent. By the way, that's the highest rate recorded

(37:20):
since the survey began in nineteen ninety six. So there's
a lot of expectation there. Fourteen past.

Speaker 2 (37:27):
The like asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 3 (37:32):
B Prime Minister with a shortly John Grisham for you
after eight o'clock meantime at seventeen past seven. Further up
the old education chain from the primary schools which we
were just talking about, universities are seeing as spike and
students looking at AI are Masters of Artificial Intelligence degrees
and are being offered at many campuses. At Victoria, numbers
are up fifty percent year on year. The program director
there is Andrew Linson is with us. Andrew, very good

(37:53):
morning to you.

Speaker 17 (37:54):
Good morning Mike.

Speaker 3 (37:55):
Is this a fad or not?

Speaker 17 (37:57):
No, I don't think it's a sad. I think there's
a lot of hype for sure, but there's certainly a
big change going on in our society with AI coming
to the forefront, and I think students are on to
it and want to study it.

Speaker 3 (38:07):
And from your point of view, at university, is there
a structured pathway for students to go If I study that,
there's where I'm going to end up in? Oh?

Speaker 17 (38:16):
Yeah, definitely. So at Victoria we've got a first undergraduate
degree in AI, and so students do that degree, they
can have all sorts of interesting jobs. I've been a
data scientist. Where can portray me zero all these big,
big name companies?

Speaker 3 (38:28):
Right? And so how do you teach something successfully that's
unfolding at the rate it is?

Speaker 17 (38:35):
Yeah, it's a really good question, even though it's unfolding
quite quickly. There's a lot of core fundamentals that have
been around for sort of ten twenty thirty years, and
so focus on teaching those first and now sort of
first and second year and then sort of third year,
fourth year. We look more at the advanced stuff more
than the most recent things, and we do be quite
adapt adaptive there for sure.

Speaker 3 (38:52):
Do they have to bring anything from high school by
way of learning or can they pick it up from
scratch given it's all so new?

Speaker 17 (38:59):
Yes, So redesign a chriptrum to be pretty approachable. So
the first course they do it is no PREI because
it's but having a bit of mass, having a bit
of digital technology is always helpful, of course.

Speaker 3 (39:09):
Right do you know what a charted structural engineer is?

Speaker 17 (39:11):
By the way, not in detail. I couldn't say that now.

Speaker 3 (39:17):
No, No, it's just reading a fascinating article yesterday about
all the jobs we can't fill in this country. And
some of them are for obvious like plumbers and drain layers.
But a charted structural engineer in one hundred and forty
thousand dollars a year, I don't even know what that is.
There's clearly a lot of jobs out there like that,
No wonder we don't have any of them.

Speaker 17 (39:34):
Yeah, it's a bit strange. I mean, the thing of
ai as rollover is that there's lots of new jobs
coming out as well. So even though you're going to
the program now, you might not be as many options,
lots of options, but it will be always a new
jobs by the time people graduate. So maybe it'll be
our engineers as well someday.

Speaker 3 (39:49):
Stuff you haven't even thought of. That's all part of it,
isn't it. Andrew appreciated Andrew Linson, Victoria University program directly. Yeah,
it's just that the story made no sense to me
in the sense that these are the jobs we can't
so applications per job. This is basic stuff like diesel mechanics, electricians, plumbers.
Applications per job are seventeen percent high year on year
for electricians, right, and over three times as high as

(40:10):
pre COVID. So you think they're applying light. There's not tomorrow.
Why can't you fill the job? How can you got
so many people you can't fill the job. Plumbers have
three percent more applications per job year on year, almost
four times as high as pre COVID levels. We do
know that there are some roles that are always particularly
hard to fill. And then they cite the example of
a charted structural engineer, and the question I would ask

(40:32):
you is, how do you become a charted structural engineer?
Do you know you're going to be a charted structural
engineer or do you enter engineering in the broadest of
ways to become a charteds structural engineer in later life?
Financial controllers too, by the way, very hard to get
hold of a financial control.

Speaker 6 (40:47):
I know when I was a kid. Another kids say
I want to be a fireman or a jet pilot
structural I was thinking charted structural engineer for me.

Speaker 3 (40:56):
Thanks, and yet you ended up here?

Speaker 15 (40:58):
I know.

Speaker 3 (40:58):
Seven twenty.

Speaker 2 (41:01):
The Mike Hosking Breakfast Full Show podcast on Aheart radio
powered by newstalksp Now listen.

Speaker 3 (41:08):
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(41:52):
it is one net. It is grizzly AI. They are
your partners in productivity Pasky e. Seven twenty four. Right,
if you're run arguing true democracy, then I suppose there
is nothing stopping somebody submitting a positive report when councils
call for input. But as I look at the numbers,
as I have been around the Wanaka McDonald's stout, it

(42:12):
is no surprise to see those who are against it
outweigh those who are for it three hundred and thirty
nine to twenty one. But then think about it, most
people don't care. Most people will get on with life.
So it's a false economy, really, isn't. I mean, people
who don't like stuff will always complain.

Speaker 11 (42:26):
More.

Speaker 3 (42:26):
Why Wanaka thinks it's so different or special? I got
no idea. I mean, I love Wonaicer, It's probably my
pick of Central O Tigo towns, but not because it
doesn't have a McDonald's. The district council is having a
look at the application, and for the life of me,
I can't see why it won't go ahead. You don't
have to like fast food to accept the McDonald's is
just another business, and people should want businesses doing business

(42:47):
because they employ people, they put money into the community,
and they pay tax. Places like Wontaker have always suffered
from a sense of snobbery, and it generally comes at
some point post the initial discovery by the outside world,
as long time locals start to resent the incursion. It's
not a brothel, it's not a gang pad, it's not illegal.

(43:07):
It sells hamburgers. One complaint objects to the fact it's
highly visible, small clue, that's actually what business is aimed for.
Another says it would have an adverse effect on the
visual and esthetic values. Very good submission sounds important, says nothing.
Everything's aesthetic if you want to see the esthetic as

(43:27):
esthetic as of value. Otherwise it's just known as the
surrounding area. We can't stop a law abiding business just
because we don't like it, or because we're a bit uppity.
And given that, and given the story isn't actually even new,
This application has been bubbling away for a while. We
covered it earlier on this year, you can question whether
all this process is actually just an exercise and waste.
Given the outcome I would have thought as a fore

(43:49):
gone conclusion cosking my charted structured engineer similar to a
charted accountant professional accreditation. See, there's not a question the
audience of this program can't answer engineer. There are such
a broad term, Mike, structural, civil, electrical. Each one is
a unique qualification without overlap. Structural engineer basically designed structures. Mike,
me up, but I think I could.

Speaker 6 (44:08):
Probably for the reason I wanted to be a charted
one was so I could laud it over the uncharted exactly.

Speaker 3 (44:12):
No, not structure charted. I'm charted. Oh you're only structured still,
but charted soon. Maybe go labor, don't hold back on
the CGT guaranteed to be an opposition for a generation.
I think they believe the polls. When they do those
weird polls and you ask people questions, they want to
say the right thing, But deep down people don't want
to give even more of the money they've worked hard
to do, and that's why they've misread it so badly. Mike.

(44:33):
I really hope we get a policy like China use
to have until recently, where there's only one rental allowed
per person. I'm not sure that coming on this program
in quoting is rules in China. In fact, I think
that might be the first text I've ever received quoting
or espousing the wonders that is China from China. What
you never know these days, Glenn, you never know, Prime

(44:54):
Minister for you in a couple of moments, hold bunch
of stuff to cover off there for you and John Grisham.
Yes there's a new but he's not dealing with fiction.
He's dealing with real life and it's a fascinating project
that he's been involved with and he's getting some fantastic results.
So we'll give you more details after eight, when John
Grisham returns to the Mike Hosking Breakfast.

Speaker 2 (45:18):
The Breakfast Show You Can Trust, The Mic Hosking Breakfast
with Bailey's Real Estate, your local Experts across residential, commercial
and rural news talks.

Speaker 3 (45:28):
He'd been twenty three minutes away from it. John Grishen
back on the program after late this morning meantime being
a Tuesday morning, the Prime Minister is Weberspory.

Speaker 11 (45:36):
Good morning to the Union's Morning.

Speaker 10 (45:37):
Mike.

Speaker 7 (45:37):
Get to be with you.

Speaker 3 (45:38):
We've been talking. We had David Cunliff on the program
earlier on and Lay's going to vote this weekend on
whether they move forward with a CGT and then what
sort of shape or form You would be happy to
see an opposition party come to the election in twenty
twenty six espousing more tax, wouldn't you.

Speaker 11 (45:52):
Well, look, I mean we've just gone through six years
where we've seen more tax, more spending, more borrowing, and
it didn't work. And we're now dealing with all the
hang ups around inflation and interest rates and recession and
people losing their jobs. So you know, if labor wants
to keep going back to that, well, you know, good
on them. But the reality is, you know, this is
a country where we need to actually we need more
capital in this country, not less, and we also need

(46:13):
to grow our way out of the recession, not actually
tax that way out of the recession. So you know,
that's why we oppose it. There's a lot more that
we need to be doing to get this country moving.

Speaker 3 (46:21):
Their argument is most people do, which is true.

Speaker 11 (46:24):
Yeah, may well be, but I mean, you know that
horse has bolted. You know, the decision for New Zealand
is really around making sure we get this country growing.
And you know, we have seen what happened you know, borrowing.
You know, we're now paying eight to nine to ten
billion dollars in interest rates because our borrowing went from
five to one hundred billion dollars. You know, a tax
went up. See, effectively, there's no tax relief for working
New Zealanders for fourteen years, which we've delivered. And you know,

(46:47):
we just know taxing away is not the way to
deal with it. You've got to grow the pie, not
just move the slices around.

Speaker 3 (46:52):
Okay, So this morning, the story is that some schools
will not be receiving their maths resources. Why I'm not.

Speaker 11 (46:59):
Aware of that. I know Erica is working really hard
to make sure everyone's got the maths resources they need.
That's why, well follow that up to make sure that
they do.

Speaker 3 (47:07):
But is there any reason why they wouldn't.

Speaker 11 (47:10):
I'm not aware of any issues. I don't know the story,
to be honest.

Speaker 3 (47:12):
Okay, basically, the union are claiming that a bunch of
schools aren't going to get the resources. The You've got
the cart in front of the horse. You've rushed this,
it's too fast and they're not ready.

Speaker 11 (47:20):
No I disagree. Look, I mean we got a set
of results that said four out of five of our
kids going into high school and not where they need
to be. I'm sorry. We could sit around having consultation
and comboy all year, but we actually need to make
an intervention. We did that within a week. We've put
forward a new maths curriculum, pulled it forward by a
year to be ready to go for January next year.
Eric is Standards one an exceptionally good job making sure

(47:41):
that they've got all the digital tools and resources, support books,
all that stuff that they're gonna need. We're supporting the teachers.
The Teaching Council came out which I thought was very
good and said, if you're going to be a teacher
in New Zealand, you've got to have six four maths.
Your twelve maths seems like a novel idea, but that
because teachers confidence to teach maths properly. So you know,
we have to do this because you know, there's also
poured out today talking about NCAA right and are how

(48:02):
busmal it is and whether a parent or an employer
or a teacher, it's not kind of working well, no
surprise when kids show up for the third form and
they're doing you know, four out of five can't aren't
at the stand they need to be on mass one
out of two, an't where they need to be on reading,
and wonder they lose interest in school and it's pretty
poor results for NCAA.

Speaker 3 (48:18):
Okay, so just for the record, then if people are
short of material for next year for the new Maths curriculum,
that will be addressed.

Speaker 11 (48:25):
Yeah, I mean Erica, I know she's put a lot
of effort into making sure we've got the materials available
so that teachers can go. I know we're pushing hard,
but we need to push hard for the sake of
pearance and most importantly for our kids.

Speaker 3 (48:36):
Okay, are we missing something in the economy because when
the first cut's coming, tomorrown probably fifty points. When the
first cut started getting announced, there might have been a
little bit of buzz around the place. The worst was over.
But if you listen to what Dominic Stevens said the
other day from the Reserve Bank, things aren't firing. What's
going wrong?

Speaker 7 (48:53):
Well?

Speaker 11 (48:53):
No, I mean, I think you've got people who have
a bunch of ecloists, we have a bunch of forecasts
going forward, and I get all that, but you know
the reality is, yes, we've still got a lot of
turbulence to navigate. But I would just say to you, look,
you know, we've got inflation back in the band. We've
got you know what, hopefully we three interest rate cuts
after twelve interest rate rises. We've got confidence building that
now needs to translate into growth into jobs. And that's

(49:14):
really where we move from cost to living, you know,
with inflation, interest rates coming down and get sorted more.
Now it's all about how we grow and how we
move forward from We've got forecast next year saying we
could be anywhere from you know, you know, two to
three percent.

Speaker 3 (49:25):
Who's saying that I haven't. I've said one, I've got one,
you've got one of it. I've got I've got one
from from the banks. They say three percent in twenty
twenty six.

Speaker 11 (49:34):
Yeah, well, I mean building, But I mean I think
every quarter you'll start to see growth start to improve.
But what I would say is also I also acknowledge
that it will be bumpy. You know, there is we're
still not out of the woods as we as you've
got the you know, essentially the rule of economics is
if you spend lots, you get inflation, you get interest rates.
We get that that put the economy into recession for
the last three years. We've have to haul it out
of that now and then the last time that gets

(49:56):
sorted as employment. And that's got quite a lag effect,
because if you're a business that's hung in there through
high cost and high interest rates and suppressed demand, the
last thing you're doing is laying off workers. And that's
what we've been seeing.

Speaker 3 (50:05):
Is it possible that we are so shell shocked that
the orthodoxy doesn't work? So, in other words, when Adrian
goes worst is over. Here are some cuts. We don't
believe it and it's not right Hents. We're not spending hints,
the mood isn't right, Hents. Things aren't moving the way
they should.

Speaker 18 (50:19):
No.

Speaker 11 (50:20):
I think, you know, those are immutable laws of economics
which we completely are lost that we learned thirty five
years ago in this generation of political leadership just thought,
if I keep spending, if I keep borrowing, if I
keep taxing, that's what I need to do. And that's
caused the mess that we're in. We're in this, you know,
there were lots of opportunities earlier. As I said when
I first became leader of the National Party there are

(50:41):
amberlites on that dashboard. Start adjusting now, because when you don't,
you've got a lot of pain and suffering coming at you.
With employment.

Speaker 3 (50:46):
I don't want to go down a rabbit hole. But
as I look at the numbers, I mean, Q three
is almost certainly going to be negative. That's three recessions
in two years. You can't name me a country that's
as bad as that. Can you?

Speaker 11 (50:55):
Well, we're coming out. We did it pretty tough, there's no.

Speaker 3 (50:58):
Doubt about it. We did it tougher than anybody.

Speaker 11 (50:59):
Well, we had monetary policy where we were printing a
lot of cash, a lot of money.

Speaker 3 (51:04):
But the guy who's delivering it tomorrow is the guy
who did it. Well, if you got it that wrong
going in, is it possibly he's got it wrong going out.

Speaker 11 (51:11):
Well, I think he's got a partner with fiscal policy,
with a government that's actually saying we've got to get
these books in order and get some financial discipline into
the joint. You and I have had tough conversations around
Dunedin Hospital and other other places. The reason we're being
disciplined about that stuff is for this very reason. It's
easy to say you'd like to spend more. I'd like
to borrow more, I'd like to tax more, but that
isn't the way forward.

Speaker 3 (51:30):
Peter saw the house last week that December thirteen is
the day, if not before that, you're going to announce
the fairy deal.

Speaker 11 (51:36):
We're going to make sure. Yeah, that'll be a year
since we've announced that we were stopping Irex, which was
the old project, and so we're working.

Speaker 3 (51:43):
Hard on so an announcement's coming by December thirteen.

Speaker 11 (51:46):
He's correct, and we'd get this announcement out by the
end of the year.

Speaker 3 (51:48):
So given it to the end of November in two
weeks time, you're not going to close the deal within
two weeks on something that large. You've clearly done the
deal already. Correct. Well, we'll have more.

Speaker 11 (51:56):
To say about that, Mike.

Speaker 3 (51:56):
So I know I know you're say no answer. I'm
all I'm saying is you've clearly can't make a commitment.
We're talking about the theories before the end of the
d the deal. The deal is clearly in place. Is
that fear to say that because you can't close a
deal between now and December thirteen, it's clearly in place.

Speaker 11 (52:11):
Well, all I'd say is that we are going to
get a solution in place. It's important we get a
good one in place, and.

Speaker 15 (52:16):
We'll do that.

Speaker 3 (52:17):
Have you got it in place, we'll have more to
say about it, very surely. No, just just humorous all
to the extent. I don't want to know the detail.
I just want to know, is there a deal? Has
it been done? And you will announce it by the thing,
we will announce it for the end of the year.
And there's always ongoing conversation. So is it still live?

Speaker 11 (52:34):
I just say to you it's coming, Mike. That's I
just tell you it'll be fine. You'll you'll know when
you know.

Speaker 3 (52:40):
Has it got some rails involved? You'll know. Can you
get a train on and off?

Speaker 11 (52:44):
You definitely can. You can't get a train, you can
get it, well, you can get you can get it's rail.
It'll be rail compatible. Put it that way, not rail enable,
it'll be rail compatible. But as it is today, yeah, okay, very.

Speaker 3 (52:54):
Well, well, it require a lot of infrastructure.

Speaker 11 (52:57):
I can tell you it's going to be done a
lot cheaper than three point two billion dollars.

Speaker 3 (53:00):
Is it three or four hundred million dollars?

Speaker 11 (53:02):
Again, Mike, we'll have to wait and say will in.

Speaker 3 (53:04):
The December of the thirteenth. He's a good question. Well,
I've got a text already saying, hey, Mike, how about
it being a bit nicer to the Prime Minister. So
that's gone out the door. How about being nicer to
the providence? How about being nice at the Prime Minister?
So by December thirteen will we know the exit cost
of cancelation.

Speaker 11 (53:21):
We will have a full announcement, as we've committed to
by the end of the year, but.

Speaker 3 (53:24):
It will be here's here's what we're doing going forward,
plus here's what it costs.

Speaker 11 (53:27):
You have to just wait and see. Mike, I'm so sorry,
Okay Wednesday, is.

Speaker 3 (53:31):
There a stabuished building between you and David T. Moorrow?
But Wykatto and the medical school.

Speaker 11 (53:35):
No, look, I mean we've got you know, we're in
this stage of wanting a detailed business case for that.
It's important it gets a really good commercial appraisal and
run over. But all respect David seam was not the
Minister of Health. He's the Minister of Regulation. He needs
to focus on that. Shane Ready's the Minister of Health.

Speaker 3 (53:50):
And here you hung up on why Katta or could
you expand by Otiger.

Speaker 11 (53:54):
Well, we've always said we're subject to a commercial appraisal
and we've done an initial business case. We want a
detailed business case.

Speaker 3 (54:00):
You're happy with the initial business case because that was
Seymour's problem. He said the cost per student's too high.

Speaker 11 (54:05):
Yeah, well look, I mean again, no disrespect. I mean
David's the Minister of Regulation. He ain't the Minister of Health.
And so Shane Ready is leading us through that process.
We're making sure there's good commercial appraise over it. We understand,
you know, it's a big investment and like everything, we
want to make sure we've got more rigorous, robust business cases.
And that's been part of the problem and what we've
seen and what we've inherited. So we'll work our way
through that and we'll come to a conclusion once we

(54:26):
see those numbers and.

Speaker 3 (54:27):
Talk to me about August. Has anything happened on August
since what we've been involved for about three or four
years now. You keep saying, oh, we're looking at it,
how long you're looking at it?

Speaker 11 (54:33):
I have to say it's going slowly, and that's because
you've got you know, you've had change of leadership in
the UCUST countries themselves, I suspect, but our officials are
still continuing to talk.

Speaker 3 (54:43):
So is it live still in the way it has
been live or has Trump changed everything?

Speaker 11 (54:47):
No, No, that that hasn't been the change. What it
has been is just acknowledging that you've probably you know
with Ko Starmer and it's in the Albaniz. You have
a change of leadership at the UK of the Australian end.
But more importantly you know that it's been slive and
it always going to be, you know, and there's no
real change from with.

Speaker 3 (55:02):
A view to what we'll know more when this year
next week, the year.

Speaker 11 (55:06):
After we're started moving at the pace that August countries
want to be able to work with and they've got
obviously well the last those Canada.

Speaker 3 (55:13):
Wanted something tangible done by the time he left office,
which is January.

Speaker 11 (55:18):
Yeah, well that's not happening. And so you know you've
got claims in there from also Canada and also I
think from Japan and New Zealand, and so you know,
we're working it through with those officials, but no real
change from what.

Speaker 3 (55:31):
Okay, super quick the cop thing with this carbon trading
that that Simon was involved with there in some big
international market. Given we're so useless at trading carbon here
and our auctions don't work, is this international model going
to be any different?

Speaker 7 (55:45):
Yeah?

Speaker 11 (55:45):
Look, I think he's actually done a really good job.
He's worked with the Singaporeans have actually done you know,
we tend to do as interesting. You say that because
I was meaning with the Singaporean Prime Minister and Apeck again.
I've promium it them four or five times this year.
And actually there's a lot that New Zealand is Singer
Paul want to do together more and often we are
the guys that started CPTPP. For example, we've done a

(56:06):
whole bunch of stuff and free trade and as small countries,
I think we can model this out, but there is
actually a need for us to get carbon markets working better.
Simon Watts is doing a great job. It's probably the
one thing of cop that I can see that sort
of came through pretty cleanly and articulately. And he's got
a finance background and increasingly climate change is an economic portfolio,
not just an environmental thing, and so he's all over

(56:28):
that and I think he'll do very well.

Speaker 3 (56:30):
All right, good to see Christoper Luxan twelve away from.

Speaker 2 (56:33):
Eight The Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by the News Talks.

Speaker 15 (56:40):
It be.

Speaker 3 (56:42):
Morning Mike and your analysis of New Zealand doing it
typer economically than elsewhere in the world. You need to
remember the size of our recessions has been much smaller comparably,
I'd see it minus one point.

Speaker 10 (56:51):
Yeah.

Speaker 3 (56:51):
I get that it's been a pretty soft landing. I
don't accept that for a minute. Ninety nine percent of
other countries have much larger recessions. I don't agree. So
I look at a place like Australia, for example, has
had no recession at all. Americas had no recession at all.
If you look at the countries that have dipped in
are you look at a place like say Germany, you
look at a place like Japan, you look at a
place like the UK. They've gone zero point one zero

(57:14):
point two at worst, and they certainly haven't had three
recessions in two years. Furthermore, and this is why I
raised it with the Prime Minister. The feeling is that
Q four, which is what we're in right now, may
well be backwards as well. So that is of eight
quarters in the last two years, seven of them are
backwards and that to my mind and no one's correct

(57:35):
to me yet, that to my mind is unheard of
anywhere in the world. And then we get boy, you
went off on McDonald's. My god, you're right. Most of
us welcome McDonald's. It's jobs for people in the district.
As for the esthetic, I hardly think a spot on
a roundabout under a hill with no lake views at
all between two state highways is the place with the
highest aesthetic appeal. Esthetic appeal andicam more on that in

(57:56):
just a moment date away from.

Speaker 1 (57:57):
Eight the make Hosking Breakfast with the range rovere A Villa.

Speaker 3 (58:03):
Mike grew the PM that was some shopping list. Can
you imagine anyone in the opposition covering off those questions?
It's not a fair plant, not an unfair point, Terry Mike.
The problem with McDonald's isn't this a tremendous number of
texts around this, and you're completely missing the point. The
problem with McDonald's isn't necessarily the restaurant itself, but the
people who frequent it. You can't stop a restaurant or

(58:23):
a business opening because you've decided that somehow the people
aren't up to scratch. It is a ridiculous thing.

Speaker 6 (58:30):
People are going to come from where I don't know,
to go to that McDonald's that aren't already there.

Speaker 3 (58:35):
And it's all the people who drop the rubbish. So
every business in some way, shape or form is involved
in rubbish. Mike Mark here and Wonaica. We can't wait
for McDonald's to land Wanker's so that's good. So I've
had two texts positive Mike. It's the rubbish that people
throw around the countryside. It's not McDonald's, Mike, it's the
customers that There is no way in the world a

(58:57):
council can prevent a business opening because the customers aren't
good looking enough, or the customers a low rent, or
the customers toss the wrapper out of a window. It
is not the business's responsibility of what you do with
the box when you buy a product, whether it's a
television or a car, or a car part or a hamburger.

(59:17):
And if every business wasn't allowed to open because everyone
was going, well, it's sort of next to a mountain
and that won't look any good. And also when they
buy whatever it is they buy, they'll tip it, not
use a rubbish bin. I mean, if that's what it's
come down to. Literally, as I tried to seduce earlier on,
the council is wasting their time.

Speaker 6 (59:34):
They've probably got rubbish bins down there.

Speaker 3 (59:36):
It's not Auckland. I wonder if they've thought of that.
John Grisham is next.

Speaker 1 (59:43):
They use bold opinions. The mic Hosking Breakfast with a.

Speaker 2 (59:49):
Vita, Retirement Communities, Life Your Way News togsad been at.

Speaker 3 (59:53):
A seven Cars day the AAC party. Were listening to
the Primingstan's interviewing and got a couple of interesting things
to say. Jack Smith has moved in America. The federal
judge to dismiss the case listens to Jan's sixth case.
Constitution requires that this case be dismissed before the defendant
is inaugurating, so that box has been text meantime, Speaking
of American John Grisham is back with a twister. He's

(01:00:14):
written fifteen consecutive number ones, of course, most of them
legal Drillers. Framed though, is only a second non fiction
piece of work. Part of his life these days is
working with the Innocents Project and Centurion Ministries, helping innocent
people get out of prison. That is what framed us
about ten extraordinary real accounts of people wrongfully convicted. John
Grisham is with us morning, happy to be here, a

(01:00:35):
good scene again, And as far as Jim McCloskey is concerned,
tell us all about him.

Speaker 19 (01:00:42):
He's a great American hero.

Speaker 18 (01:00:43):
He's spent the last forty five years exonerating innocent people
who were in prison. And he worked by himself for
many years, and now he has a nice organization, Centurion Ministries.
They have exonerated seventy two people, two women, I think

(01:01:03):
the rest men who were wrongfully convicted and stashed away
in prisons for as long as thirty years thirty seven years,
and Jim got him out. He got him out through
by accommodation of hard work, investigative prowess, and leaning on
people to give him money and lawyers to work for free.
And he's an amazing person.

Speaker 3 (01:01:21):
How did you hook up with him?

Speaker 18 (01:01:23):
I wrote a book called Innocent Man that came out
in two thousand and six. My first work of nonfiction
is about a wrongfully convicted man, and Jim and I
met over that book and became very close friends for
the past fifteen years.

Speaker 19 (01:01:36):
And I'm on his board now. We've talked about doing
this book for a.

Speaker 18 (01:01:40):
Number of years because these stories are so they're so terrible,
but they're also very compelling and really gripping stories.

Speaker 3 (01:01:49):
Is it cathotic work.

Speaker 18 (01:01:54):
I don't know about that. I think I approached it
from a point of view. First of all, it's good storytelling.
I always look for a good story. It's also trying
to make a change, trying to raise awareness, trying to
get people and lawmakers to look at the problem. We
have so many huge problems in America and our criminal
justice system, and it's not a.

Speaker 19 (01:02:14):
Top ten issue anywhere. It's just criminal.

Speaker 18 (01:02:17):
You know, there are criminals, So trying to raise awareness,
trying to raise a few bucks for the innocence of
advocates in the country. So yeah, it's just you know,
there's a purpose behind it.

Speaker 3 (01:02:27):
Does it get any better? I mean, we've had similar troubles,
nothing like America obviously, but similar troubles. But it was
a time and place like it was in the eighties,
and things have got better. Has that happened in America
or not?

Speaker 5 (01:02:42):
Yes?

Speaker 18 (01:02:42):
And no crime is down, violent crime is down. There
are fewer executions this year than last year. The trend
is really down. There are fewer death penalty verdicts in America.
The death penalty is dying a slow death in America,
which is good from now using DNA to solve crimes.

(01:03:03):
So we're making slow progress, you know, we're trying to
pass laws and make wrongful convictions harder and harder to
come by. So yeah, that's say, we're making a little
small progress, a little progress.

Speaker 3 (01:03:15):
Is it hard if you set out and you started
today to find an innocent person in jail that faces
the death penalty? Is it hard to find a case?

Speaker 19 (01:03:25):
Not at all, Not at all, note at all.

Speaker 18 (01:03:29):
There have been one hundred and sixty people in America
in the last thirty years sent to death row who
were later exonerated. That's why the death penalty has got
to go. It's so unfair and it's not it's not correct.
It's not applied smartly or evenly.

Speaker 19 (01:03:43):
So yeah, you can, you can.

Speaker 18 (01:03:45):
There There are about fifty different innocence projects around the country,
all sort of related but all independent. You can volunteer
at an innocence project anywhere in this country. There are
three here in Virginia and sign up as a volunteer.
They've got a list their cases, and they got a
list of their clients in prison. You can find innocent
people real fast. In prison are those who claim to

(01:04:08):
be innocent. Do your own investigation, look at the facts,
and there they're easy to find.

Speaker 3 (01:04:13):
Does it not work where you get an innocent person,
they're exonerated and the system goes, this must not happen again,
and therefore something improves.

Speaker 18 (01:04:24):
Well, that's happened so many times in the last thirty years.
These horrible exonerations are these horrible, wrawful convictions. And you
see a guy walk out after thirty years and somebody,
the real killer was never found because the cops botched
this case.

Speaker 19 (01:04:38):
Are bad and we wring our hands and say, how
can this happen?

Speaker 18 (01:04:40):
How could this happen? Well, one purpose of the book
is to show you how it happens. But you know,
we we never say, oh, it can never happen again,
because we know it's going to happen again.

Speaker 19 (01:04:50):
There are just too many in denocent people in prison.

Speaker 3 (01:04:52):
Is it botched through incompetence or is it botched through
things like racism?

Speaker 19 (01:04:59):
That both of those are huge factors.

Speaker 18 (01:05:02):
The ten stories we feature Inframed deal with willful misconduct,
bad conduct by the police, the prosecutors, and the experts.
It was just almost intentional what they did, how they
ignored real evidence.

Speaker 19 (01:05:16):
You can't believe these cases.

Speaker 18 (01:05:17):
When Jim and I were writing a book, we'd finish
the story and send it off to New York and
our editor would call every time and say, this cannot
be true. These cases can't be true. I guarantee you
they're all true. But it's Racism is a huge factor
in confidence is a huge factor, and old fashioned, downright
what we say meanness, willful misconduct, is any.

Speaker 3 (01:05:39):
Some of the people in law enforcement in America are
elected to office. Is that part of the problem or
not huge part, huge part.

Speaker 18 (01:05:47):
We elect our prosecutors, most of them, We elect most
of our judges, most of them, and politics gets involved
in the campaigns. Everything is so politicized over here. It's
bound to be. It's bound to infect races for prosecutors
and judges that we should not elect any judge anywhere
in America, or any prosecutor.

Speaker 3 (01:06:09):
All right, listen, hold on. John will come back in
a couple of moments. He's with us from his home
in Virginia. John Grisham more shortly thirteen past the.

Speaker 2 (01:06:16):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talk Zippy.

Speaker 3 (01:06:22):
Sixteen past eight John Grisham with us out of Virginia
this morning. The book is framed teen real account lives
of people wrongfully convicted. Listen, what what do you hope
to get out of this book? Because I mean, once
your name gets associated with something, I'm assuming you want
some wheels to do well.

Speaker 18 (01:06:38):
We would love to obviously raise awareness. We hope that
somebody somewhere, some lawmakers, some judge, somebody will read the
book and have an awakening. We would love for it
to inspire others to get involved with innocence work. We'd
love to raise a few bucks because innocence projects around
the country operate on shoe strings.

Speaker 19 (01:06:58):
And it's it's a proven it's an easy fact.

Speaker 1 (01:07:01):
We all know it.

Speaker 18 (01:07:02):
The more money you have for innocence work, the more
innocent people you can get out to hire experts and
testing and lawyers and all that. So they're all desperate
for cash. Every instance project in America is strapped for cash,
and we're trying to raise a few bucks.

Speaker 3 (01:07:15):
Is it also true to say that if you are
arrested and you do have money, you can afford better
legal representation, and maybe if you are innocent, you don't
end up on death row.

Speaker 19 (01:07:26):
I have never met a wealthy person on death row.
They're not there.

Speaker 3 (01:07:31):
Okay, they're not there, So you can get if you
get a good lawyer. The case I was reading the
day a guy called Roubison, Robert Robinson. He was due
for execution. You were involved in this case. He was
due for execution seventeen October. Was he executed.

Speaker 18 (01:07:45):
No, he got a miracle to stay at the last moment,
but ninety minutes to go. This is Texas, Okay, so
the deck is stacked against him. We're still in court
his law. He has a huge legal team because he's
innocent and we have experts to prove it. We're trying
to get the Texas course to take another look, and
they don't want to, so we're fighting. He is about

(01:08:06):
to probably get another execution date, which will be setting
ninety days down the road. So we're about to go
through the whole process again. We had a miracle last time.
We'll try it again. Missouri had a guy a few
years ago who had his last meal three times. Okay,
he was given his last meal talk about cruel, cruel.
Poor guy's about to die, it's.

Speaker 19 (01:08:28):
His last meal.

Speaker 18 (01:08:28):
Three times, last minute's day goes back to his cell.
That happens all the time over here. It's a crazy system.

Speaker 3 (01:08:34):
How do you not become I mean, I'm sure you are,
but how do you not become sort of consumed with
emotion once you evolve yourself with these cases.

Speaker 18 (01:08:46):
I'm not emotional, so I don't get emotional over things
I can't control. I've never witnessed an execution. I'm sure
that would have a huge impact on me. I've talked
to lawyers who have, and they all say, don't do it, Just.

Speaker 3 (01:08:59):
Don't do it.

Speaker 18 (01:09:00):
If you could avoid it, that would be very emotional.
I get emotional when they walk out of PRISM. When
these guys walk out after twenty five years and their
mothers are waiting on them, and their mothers never lost hope,
that mothers always knew they were innocent, and they and
we finally proved that. Somebody proves it on me, some
in this instance, groups, some lawyer proves it. They get

(01:09:20):
the DNA testing, they walk out of PRISM and there's
not a dry eye anywhere. Once a year at Centurion ministries.
Jim mccloskey's group in Princeton, he has a family weekend.
All of his exoneries come back and they bring their
wives and kids and what their grandkids, and it's a
huge it's a huge weekend. I've been there several times,
and there are times there's not a dry eye anywhere.

(01:09:41):
You just you know, you're all wrapped up in these
guys who have suffered so much and now they're free.

Speaker 19 (01:09:46):
So it's a there's a lot of emotion at certain times.

Speaker 3 (01:09:49):
Fantastic. Well, I hope the book goes well, and I
hope it draws a lot of attention to the issue.
While we've got you, I cannot go past what's happened
in the last couple of weeks, and you'll find country.
What do you ma in Cabitoal, I.

Speaker 18 (01:10:03):
Don't know where to start. I mean, it's we're all traumatized.
We uh, we we're just kind of sleep walking through
the aftermath of a nightmare. And you know, my friends
and I we were we're sort of tired of talking
about all the things that went wrong, and now we're
braced for another chaotic day in the world of American government,

(01:10:25):
and it hadn't even really started yet. To have to
have for one man to have this much power with
the Congress and the courts, and to have such a
lack of common sense, it's going to be a disaster.
Uh So we're kind of bracing ourselves for like four
years we've never seen before.

Speaker 19 (01:10:43):
I feel sorry for.

Speaker 18 (01:10:44):
The rest of the world because you know, the rest
of the world kind of depends on us to be
the democratic uh not savior but monitor of the world,
the heartbeat of the world.

Speaker 19 (01:10:54):
And we know our democracy is really really in danger
right now.

Speaker 3 (01:10:58):
So you would argue sixteen through twenty versus twenty four
through twenty eight. Twenty four through twenty eight, it's going
to be worse than sixteen through twenty.

Speaker 18 (01:11:07):
Much worse because back then, at sixteen through twenty, he
was facing reelection, so he had to at least think
about what he was doing and how it might affect
his chances to get reelected.

Speaker 19 (01:11:18):
Now he's not, He doesn't have that burden anymore. He
is free to do whatever he wants, and he wants
to be a dictator.

Speaker 18 (01:11:24):
He said that he wants to be a fascist dictator,
that he admires those people and he will try We
have no idea of this stuff.

Speaker 19 (01:11:32):
He's gonna try.

Speaker 18 (01:11:33):
He will try in many ways to get filthy rich,
and he probably will. He'll punish his enemies, He'll purge
the government. You know it's going to be They're going
to round up around up a lot of illegal immigrants.

Speaker 19 (01:11:44):
And ship them somewhere know where they're going.

Speaker 18 (01:11:47):
That could have a huge impact on the economy because
those people are the workers.

Speaker 19 (01:11:52):
It's you know, it's a nightmare. It's a total nightmare.

Speaker 3 (01:11:55):
It is a great pleasure as always to have you
on the program. By the way, before we took next time,
I have you with a significant birthday in the early
part of next year.

Speaker 19 (01:12:04):
The Big seven zero you got.

Speaker 18 (01:12:06):
My wife used to plan a birthday party, and I'm
not sure I want to do that. I have to
pass quietly. You know, I don't celebrate birthday. I'm happy
for them now. I'm happy for birthdays because I've lost
so many friends who didn't make it to seventy.

Speaker 19 (01:12:18):
But you know, I'll be happy, but I just keep
it quiet.

Speaker 3 (01:12:21):
Go well. John Grisham Framed is the book at say
twenty two.

Speaker 1 (01:12:27):
The mic Hosking Breakfast with Dailey's Real Estate and News talks.

Speaker 3 (01:12:30):
Be living independently in a retirement community doesn't mean that
you know, can't have a little bit of extra help
from time to time, and our Vida's service department that's
perfect for when you're living independently. You might like a
few extra services that are tailored to suit you. Maybe
you'd like, you know, some home cleaning once a month,
the beating wash once a week, delicious hot meal every
Monday night. These are tailored services that work around your routine.

(01:12:54):
Can include laundry and meals and cleaning, with some care
assistance options there as well. If you want, a service
department can give you more time to focus on the
important things like your interests in your family and friends
of course, so keep living independently in an our Vedas
service department with reassurance that you're getting a little bit
of help behind the scenes when you need it. So
our Veda they got this range of lifestyle opportunities available.
So it's a terrific time to be thinking about where

(01:13:16):
you'd like to be living in twenty twenty five. So
to find our Vida communities with service departments near you,
Vida Arvda, Vida dot Co dot NZ has kept hey
twenty six week talk with the Prime Minister about the
business of because we have SIMA on the program last
week visa Wykato. More doctors in the country need to

(01:13:37):
train more doctors Waikato's options the third Medical School. Seymour
suggested he wasn't particularly keen on it. He's seeing the paperwork.
The Prime Minister doesn't seem to be agreeing with him,
says he's not. The Minister of Health well active suppliers
with the Treasury document on Wayikato Hospital. So one of
the things they said was as follows, the Treasury does
not support this Cabinet paper and the recommendation to progress

(01:13:58):
to detailed business case. We instead recommen and you ask
the Minister of Health to seek broader cost alternative options.
Another point they made is New Zealand is experiencing, yes,
increasing shortage of doctors, but we do not consider that
progressing with this investment pathway represents the best value for money. Now,
obviously governments don't have to take treasure or advice, and
half the time they don't. But Seymour's point as Minister

(01:14:19):
of Regulation is that if it's going to cost a
million dollars a student surely there are better ways to
go about doing it, and you don't have to eat
the cost of all the hardware that comes with it.
So anyway that stashes yet to unfold them just waving
the flag. So when it becomes news, you can go
hang on wherever heard that before? And the answer is
on the mic asking breakfast weather bad bad weather. Rod's
in the middle of it. He's with us directly after

(01:14:39):
the news, which is next.

Speaker 2 (01:14:44):
Your trusted source for news and fuse the mic hosking
breakfast with the range Rover vi La designed to intrigue,
can use togs.

Speaker 3 (01:14:53):
Dead be half past nine Monday night in Israel. The
only reason I mentioned that is tomorrow, which is Tuesday.
There time the cabinet is going to be voting on
a cease fire deal with Lebanon Netnya, who signaled his approval.
It's with Hezbollah, obviously because it's Lebanon. They've got reservations
apparently Israel, don't they always. They're still working through those bits.

(01:15:17):
There will be no vote and no deal unless they
can get those last minute things sorted. But if they
can get those last minute things sorted, the feeling is
certainly they're going to have a crack and it may
well come to past tomorrow. So this time tomorrow it
might well be something we're talking about. Twenty three minutes
away from.

Speaker 14 (01:15:33):
Nine International correspondence with ends in eye Insurance, peace of
mind for New Zealand business in Britain, the Great.

Speaker 7 (01:15:39):
Roderick little morning to you, Good morning, may how you
doing so?

Speaker 3 (01:15:43):
I was just mentioning Israel, as you probably heard that thing,
the inference over the weekend from the UK out of
the ICC decision that if Netna whoever lands at Heathrow,
they might nab them, and of course the Americans went
nuts at all of that. Was that evelvertally articulated by
the government or was that just an inference that I

(01:16:03):
picked up somewhere along the way.

Speaker 7 (01:16:05):
In my reading, it was an inference. What the government
has said is nothing. They've said. We totally support the
ICC and all of its jurisdictions, but of course usually
they have nothing to do with anybody who would come
to Britain. We just hope for peace in Gaza. That
was the quote from the flailing hapless Uvette Cooper, our

(01:16:25):
Home Secretary. I think what their position on it is
now is and I think they'll be a bit more explicit,
probably at some point, because it's hard not to be.
Is that, yeah, we support the ICC ruling and then
pray to hell that BB doesn't want to come and

(01:16:47):
do some Christmas shopping in Nightsbridge.

Speaker 3 (01:16:52):
Rachel reeves. I'll get onto an amendment before just give
us the meteorological update. How have we all handled Bert?

Speaker 7 (01:17:01):
Kind of badly? I think, and I see why. It
is every time any weather front of any description, homes interview,
the Meteorological Office say we're all going to die, and
they say it's going to be appalling. There's going to
be weather warnings. You're either going to burn to death
or drown or freeze to death. And as a consequence,

(01:17:24):
it's like the Boy who Cried Wolf. There was no
special attention given to storm bird because basically it was
more of the same old, same old from the Weather Office,
and so all these places, particularly in the southwest of England,
but also London and the Midlands as suddenly, oh my god,
this actually is quite bad. We are always, i mean,

(01:17:48):
the met Office ought to remember this as a country,
it is always flooding, which is a problem. We're a
crowded country. We've built on flood plains. We've got a
lot of rivers. That is always a big and that's
where the Met Office should direct its warnings in future.
But they won't learn from that.

Speaker 3 (01:18:07):
Right rightel rapes, text increases inherent and tax farmers protests
and brilliant business generally. How much trouble is she in
politically when she turns up to a thing like the
Confederation of British Industry.

Speaker 7 (01:18:22):
She's in quite a lot of trouble, certainly for a
chancellor in her first four months of office, you know,
with a new government just coming in, she is in
real trouble. She's partly in trouble because she died on
her CV about all the things she hadn't done and
so on, which has given rise to a whole bunch
of very funny Internet means about her claiming that she

(01:18:44):
won the gold medal for rowing the Tokyo Olympics and
so on. But she's also in trouble for the budget
and has been forced now to say there will be
no more borrowing and no more taxes. Are tax rises,
That's what she said to the Confederation of British Industry,

(01:19:05):
which of course gabra roasting, so her hands are being tied.
She understands. I think that the budget was massively unpopular,
and I think she's now in a fairly vulnerable position.

Speaker 3 (01:19:21):
Is do people get it to I've been, as you know,
fascinated by it because a lot of what they did
in that, like cutting the winter heating payment. See we
have a winter heating payment here, right, but we claim
we can't sort of manipulate it in any way, shape
or form for people who actually need it as opposed
to multimillionaire retirees. We just hand it out and it's

(01:19:43):
too complicated. So you guys, as a labor government are
doing stuff that we, as a conservative government haven't done.
Do people understand that things are dire and they do
need to do stuff and that's just the price you
pay when you don't balance the books.

Speaker 7 (01:19:57):
Yes, I think people do get it a little bit.
I think there's a number of those things. I mean,
I think this hasn't been a successful four months for
labor by any stretch of the imagination. But you know,
as I've said to you before, identity the farmer's protest,
for example, resonates with the public one little bit. And
I also think this is a certain understanding and I

(01:20:20):
think there's an anger amongst pensioners about the fact that
their money was withdrawn for the winter fuel allowance and
yet the doctors and the train drivers could be bun
a whole bunch of cash. There is that annoyance, but
I think the rest the public's rather more understanding than
most people think.

Speaker 3 (01:20:41):
Although having said that, this petition is interesting because it's
not short of signatures, is it.

Speaker 7 (01:20:47):
Well, isn't it. I don't know. You know, twenty years
ago when you had a petition one hundred thousand names on,
it was a big deal. Ten years ago maybe two
hundred thousand names was a big deal. Now it's a million.
Because everyone's on the internet and science petitions when they
don't like something. I find it repellent, if I'm absolutely honest.

(01:21:09):
You know, I remember the petitions which were got up
to reverse a Brexit vote, and I thought that was
a huge betrayal of democracy, and I think this is
exactly the same. It's now got one and a half
million names on the latest that I've seen, and as
KOs Darma rightly says, these are people who didn't vote Labor.

(01:21:30):
But you know, it's just the opposition, and I find
it I find it nasty, terribly undemocratic and edging towards
the sort of chaos you found in America where people
refuse to accept verdicts. And it worries me to tell
you the truth.

Speaker 3 (01:21:48):
Mate, it's very well put. So the interesting thing for
me is that, I mean, obviously the online thing solves
a lot of problems, but it was only three and
a half minutes ago. You had your election, and you
do have five terms, and if you were you know,
four years and eight months and then you know, maybe
you might have been. There was a lot of corruption
and scandal. Having seen all of that, don't people work

(01:22:09):
out what they are? My suspicion as most people just
hated the Tories, voted for Labor and suddenly went out
that's not what I wanted.

Speaker 7 (01:22:17):
Yes, I think that's true, but that's the nature of
the democratic system. They voted for it, they've got it.
You know, it's very difficult to say, you know, to
say bias remorse. That's what we did. We voted for
the Labor for the Labor Party, and it's not been
very good. But they have a five year term, possibly

(01:22:38):
a ten year term. Who knows, we get a chance
in five years to vote for them. It really rankles
this kind of undercutting of democracy. You know, our democracy
is not unflawed, no question about that, there are problems,
but this this is is a kind of betrayal of it.
And I'm surprised to see so many people who usually

(01:23:01):
travel against this while it's done by the left, and
the left us itself more than the right, suddenly is
the same tactics.

Speaker 3 (01:23:07):
Yeah, very interesting, All right, mat go, we'll see your Thursday.
Rod Little out of Britain Tuesdays and Thursdays on the
MYC Hosking Breakfast Date forty five, the.

Speaker 2 (01:23:15):
Hi Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks at be.

Speaker 3 (01:23:21):
Twelve Ay from nine. The other thing in Britain that
I find interesting is that Liz Kendall was out yesterday.
Over the weekend, young people who refuse to work will
face having their benefits cup So once again this is
a labor government, and once again we get the realization
that in Britain, and there's a lot of them, that
if you don't want to work and you can't really
be bothered finding a job, then they'll still pay you.

(01:23:43):
It's the most extraordinary thing in return for those new opportunities,
young people will have a responsibility to take them up.
There's nearly a million young people out of education, employment
and training between July and September. A million literally doing
nothing and actively doing nothing. And even when given the
opportunity and you still want to do nothing, they are
still prepared to pay you some money. It's amazing, isn't

(01:24:06):
Mike Rod doesn't like petitions, But isn't that just democracy
in action? Not sure where he's coming from, DeBie, where
he's coming from. I mean, obviously, in a democracy, if
you want to start a petition, you to start a petition.
But what you've got to understand is that when you
do it, about three minutes after the contract you entered
into as a member of the citizenry i e. A

(01:24:28):
vote often called an election, you've got to accept the
result of that election. And they have a government. It's
called the Labor government, and they've got a five year term. Now,
if you want to sit around wasting your time signing
a petition, then go for gold. But to genuinely think
it can go anywhere fruit is pointless, fruitless, because the
deal is the deal. You have an election, you have

(01:24:49):
spreaky policies. Everyone has a vote and the result is
the results. So trying to overturn the result is what
he was suggesting, is where he has a problem. Mike,
I've just got back from the US and the GOP
will be good for the US and not bad for
the will the Dems are so far left, so woke,
it's a joke. And the funny thing is the Americans
have worked it out. Having said that, I was thinking,
it's not a bad point you make. It's not the

(01:25:10):
party itself, it's the style of the party. So the
Democrats of today are not the Democrats of Clinton or Carter.
The same way the Labor Party of New Zealand is
not the Labor Party of Mike Moore or Phil Goff
or David Longi or Roger Douglas. It's a completely different version,
and that's why people react differently. By the way, tomorrow
on the program, we're going to be talking about the

(01:25:31):
business of the cash rape. Very important day, increasingly important
given that we need desperately for the next fifty point cut.
I'm assuming it's fifty. Everyone seems to agree it's fifty.
I know Greg argues from Devon that it should be
seventy five, and I think Greggs one hundred percent right,
but unfortunately it's not going to go his way tomorrow.
I hope it does, but it won't. A and Z,

(01:25:53):
A is B, Westpac B and Z kwibank they all
say fifty down to four point twenty five neutral rates
about three point five three three seven five, So say
it's three to five, we've got three quarters of a
point to go?

Speaker 6 (01:26:04):
Is that?

Speaker 12 (01:26:05):
What was that?

Speaker 3 (01:26:05):
Three lots to twenty five feed March and April something
like that, and then we're at neutral and that's kind
of where it's over. And the Reserve Bank probably won't
do anymore unless after what they've done there, the economy
still doesn't fire. And if it doesn't fire, then what
do they do? Do they cut further to stimulate the economy?
Could you believe that could be a scenario we're talking

(01:26:27):
about in twenty twenty five anyway, But for tomorrow it's
a cash rate day. Were the full monetary policy statement,
by the way, which means that everyone's going to be
running through the running through the fine wording, running into
the weeds to work out what's going on in Adrian's
head and That's quite a story all by itself, isn't it?
Eight minutes away from nine the make Hostle.

Speaker 1 (01:26:46):
Rapist with al Vida retirement communities.

Speaker 3 (01:26:50):
Sticks away from eight mosaic brands which you may or
may not know the name of. They went into this
out of Australia, but it also involves us. They went
into voluntary administration, let's say a month ago October twenty eight. Anyway,
KPMG is in charge of them. They fell over completely yesterday.
Three hundred employees, twenty three Bangladeshi garment factories rode more

(01:27:10):
than thirty million dollars. Are these names we know? Yes,
Autograph b Me, cross Roads, Rockman's w Lane, Katie's, Miller's
Non d Rivers. In total here in Australia they've got
more than seven hundred stores and ten online shops. So
they were once upon a time a big deal in fashion.
But I don't know whether it's an individual story and

(01:27:32):
they're not very good at what they do, or it's
a sign of the Australian slash New Zealand economy in
terms of retail. But to go to administration, to completely
fall over two hundred and fifty million dollars that, as
they say, is a mess five away from nine.

Speaker 2 (01:27:47):
Trending now with Chemist ware House, Great savings every.

Speaker 3 (01:27:52):
Day, Bright Golf. So they do this thing called the Match.
First one was between Tiger and Phil big deal. Then
it was Tom Brady Peyton Manning. They've raised forty one
million dollars for charity since it began back in twenty eighteen.
The latest edition was a tournament. You had eight names.
You had Wayne Gritzky, Michael Phelps, Mike Woolberg, Bill Murray,
Blake Griffin, Charles Bikelay, Ken Griffy Junior, and a comedian

(01:28:14):
called Nate Bargates. Came down to the end at Gritzky v. Phelps.
Gritzky won, but Blake Griffin, who was the commentator. While
Bi Clay was playing, he was sitting in a golf
cart that was way too small for him, sweating profusely,
and just.

Speaker 20 (01:28:29):
Got out and took a deep breath of there, smelling
like Italian BMTs from subway. I can't imagine what that
cart smells like right now, Ken goes, can I walk
from here on it?

Speaker 1 (01:28:44):
There's all sorts of olive oil of the sea.

Speaker 3 (01:28:48):
I heard him earlier.

Speaker 20 (01:28:49):
He's like, yeah, you know I'll do the Italian. Yeah,
I love owing him.

Speaker 1 (01:28:55):
I love.

Speaker 3 (01:28:59):
That is spot on, very funny. Wayne Gretzky won Brady,
by the way, is still they're still talking. I told
you remember the other day. He's a co owner of
one of the football teams, and they've got rules around
what you can do and what you can't do. And
he did an interview with one of the players of
another team the other day and everyone won. Hold on, well,

(01:29:20):
what have you gave him secret details behind the scene
and he's an owner of the team and he went back.
So they still haven't worked out how you're a commentator
and how you're an owner all at the same time.
So that's still being worked through. Anyway, that's enough of
me for the day. Back tomorrow morning FU six Have You.

Speaker 19 (01:29:37):
Alone?

Speaker 2 (01:29:41):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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