Full Show Podcast: 26 June 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Bailey's real Estate, doing real estate differently since
nineteen seventy three, news togs Dead b Noving and Welcome.

Speaker 2 (00:11):
Today's scandal around Farna or our education and Rugby. Nicola
Willis has written another letter to the supermarkets. James may
Is in for a word after Right, Joe McKenna's and
Venice with a Big Wedding, and Rod Little he Does
written for us asking this day morning, welcome to its
seven past six. The Antoinette latoof Case in Australia probably
worth looking at if you're interested in the media and
in law. She was sacked by the ABC because she

(00:34):
posted an opinion on the Israel gars of Warnow prizes
for getting which side she's on. The irony here is
she was on a five day fill in contract. She
was a no noise maker, so you could argue she
probably should not have even been hired in the first place.
Because public radio have these weird rules. You're not allowed
an opinion, or at least you need to pretend you're
not have an opinion. She was told not to post

(00:54):
stuff socially. She ignored that so their sector trouble is
the Fair Work Actor in Australia says you can aunt
ZAC someone for an opinion. Hence they lost. So they
pay seventy thousand dollars and there's another hearing it a
later at eight four pecuniary matters. Now this is bad
for the ABC because one, this isn't their first rodeo.
They're a bit hopeless in this area. Two, it's all
taxpayers money. Three the Fair Work Act isn't complicated, so

(01:15):
they should have seen this coming and bailed on the
case early given the legals to this point standard a
million dollars in rising. But it does once again bring
into question in this absurd business of so called impartiality
or indeed impartiality in different places. Miss latoof as far
as I know, remembering she only had a five day
contract and I think she had only completed two of
the five days, didn't actually do anything wrong on air

(01:38):
at the ABC. Her social media is not the domain
of her part time employer, or is it. And if
it is, where's the line in a social media world
what is work and what is not? When it comes
to profile? Can you be pro Palestinian on the weekend
but neutral during the week. This is the absurdity of
what we deal with. Authenticity, I think is the key here.

(01:58):
You can be balanced in reportage and hold an overt
view the same way you can hold an overt view
and be imbalanced. The great fraud that has been exposed
in media all over the world, but especially here in
the labor COVID years, is the idea that you can
pretend you hold no view and whatever you produce is balanced,
even when most of the consumers see it for what
it really is. That essentially is why so much media

(02:19):
and credibility has been destroyed. And that's the stuff that
didn't even make it to court. News of the world
in ninety seconds, Can I toe where they talk war
and Jackson five percent? Oh, and the business of the
Sea spire.

Speaker 3 (02:32):
They're both tired, exhausted. They've fought very very hard and
very viciously, very violently, and they were both satisfied to
go home and get out and can it start? And again,
I guess someday it can. It could maybe start soon.

Speaker 2 (02:48):
Still some fascination from the media that a president might swear.

Speaker 4 (02:51):
Let him fight for about two or three minutes.

Speaker 3 (02:54):
Then it's easier to start.

Speaker 2 (02:55):
Up, and then daddy has sometimes to do a strong
language in school.

Speaker 4 (02:58):
Strong you have to use a certain word.

Speaker 2 (03:01):
Deaddie has to do strong language. That guy's the head
of NATO, by the way. He's got like an important job.
Has Zakiya, who's busy telling his fellow Brits at the
moment they need to be ready for war. He's all
over more spinding.

Speaker 5 (03:15):
We estimate that we will reach at least four point
one percent of GDP in twenty twenty seven, keeping the
British people safe and strengthening our leadership in NATO.

Speaker 2 (03:28):
Even further back in around the cease fires a bit
of a misfire.

Speaker 6 (03:31):
We will crush their mic he says, will throw a
punch into the mouths of the United States and Desigonists.
Now we're obeying the commands of the Supreme Leader, she says.
If he orders jihad, we will follow. We should have
finished the story. We should have totally wiped out Israel Jeez.

Speaker 2 (03:48):
In Kenya, they're marking a year since they stormed the parliament.
They stormed the parliament because they're really unhappy. So a
year on there. No, it's not a celebration.

Speaker 1 (03:55):
For the job that we don't have the for everything
that we don't have.

Speaker 7 (03:59):
We are having economic raise up.

Speaker 1 (04:02):
Man.

Speaker 6 (04:03):
We are youths for the youths man. I'm talking about
for the youths man.

Speaker 1 (04:07):
I'm talking about job bless We are job bless man.

Speaker 2 (04:09):
Jeez, it's uplifting this morning so far, isn't it? Then?
In New York, hold my beer a boil over, we're
not talking about the weather. Democratic primary yesterday for me,
this is a terrific story. I've got lots more on
it later. Democratic primary for MEA Cuomo looking to make
a comeback against a radical nut job. Radical nut job wins.

Speaker 8 (04:27):
Eight months after launching this campaign.

Speaker 4 (04:32):
With the vision of a city that every New Yorker
could afford.

Speaker 2 (04:39):
We have one. He's going to run state run grocery
shops and put everyone's text up. Finally, another of these
what's filthy and you don't know it? Studies micro Consulting
the UK found khakis can contain four times more bacteria
than a cell phone or a keyboard, because keys are
unlikely ever to be cleaned. On average, a lab pound

(04:59):
two hundre pretty one different bacteria on cark. He's only
sixty six on cell phone screens and sixty eight on
the keyboards. What car owners are your dirty, filthy little
people misinonus? I knew it. If you'd asked me, I
would to go to missonous, Volkswagon and Skoda BMW drivers
the cleanest news.

Speaker 8 (05:16):
Of the world.

Speaker 2 (05:17):
In ninety Trump vows to make Spain angry. Trump this morning,
Spain's not agreed to the five percent. It's terrible, quote
unquote as what Trump said, We're negotiating with Spain on
a trade deal, and we're going to make them pay,
going to make them paid twice as much. A He's
also said he's going to meet a rhum next week.
Twelve past six.

Speaker 1 (05:36):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, How
It My News Talks, Evy.

Speaker 2 (05:43):
Glasto gates have opened overnight Worthy Farm. Two hundred thousand
people are going to wade through. What more do you want?
Rod Stewart, Neil Young and Cobo Alto. It's going to
be huge. Fifteen past six Jmi Welf Andrew Kellerho good morning,
Very good morning, Mike. That inflation in Australia yesterday was
a very very good one, wasn't it.

Speaker 5 (06:03):
Yeah?

Speaker 9 (06:03):
It was it was. Hey, my son's at Glastonbury apparently,
so I'm going to hear all about it. Hey, yeah,
not much happening in New Zealm.

Speaker 10 (06:09):
Yesterday we had some good trade numbers, just confirming that
strong environment for our exports and week inports. So a
good trade simplis, yes, But across the Tasman might a
good inflation number. It fell by more than expected across
the ditch, so equaling the lowest rate in I think
almost four years now. This is the monthly figure, it's
not the more sort of important quarterly figure. So the

(06:31):
monthly figure for May released by Australian Bureau of Statistics,
so May two point one percent annual inflation in April
that was at two point four, so quite a material
shift lower, and inflation well under market expectations of two
point three percent.

Speaker 11 (06:46):
Now.

Speaker 10 (06:46):
The Reserve Bank of Australia, their preferred measure is what
they call the trimmed mean measure, which smooths out volatile items,
also fell three and a half year low.

Speaker 9 (06:55):
That went to two point four from two point eight.

Speaker 10 (06:58):
So the interesting thing here, Mike is that they're sort
of our inflation figure at the moment is.

Speaker 9 (07:02):
Moving in the other direction, so.

Speaker 10 (07:04):
We're sort of looking at our inflation drifting back up
towards three percent, that's falling over there, you got big
falls and discretionary goods things like garments, recreation, fuel prices
were lower that a couple of categories they even saw deflation.
Insurance prices are moderating. So it does point to downside
risk in forecast estimate forecasts for Q two inflation. And

(07:26):
what it does do, Mike, is it opens the door
to a higher possibility of an interest rate cut to
the RBA cash rate sitting at three point eight five
percent bit higher than ours, a number of the bigger
banks now forecasting a rate cut in July.

Speaker 9 (07:39):
And the back the backdrop, I think, Mike, you might
have been talking about this a few days ago.

Speaker 10 (07:43):
The economy over there starting to look a little bit
weaker and we're sort of seeing that in demand as well.
So they're in inflation falling while ours is sort of
creeping up now zero.

Speaker 2 (07:52):
I still like to think, O, there's New Zealand, But
is it a bit far lap pablover or are they
still genuinely in New Zealand.

Speaker 9 (07:59):
I don't know.

Speaker 10 (08:00):
We could debate this one, couldn't we I mean, it
may not be listed on the ENDS Index anymore. It
decamped to the ASX back in twenty eighteen. But I
still think we very much view Zero as being in
New Zealand business and big news out there for them yesterday.

Speaker 9 (08:13):
Key area of growth was there.

Speaker 10 (08:14):
Obviously, they dominate in New Zealand and Australia and they've
been trying to expand this global expansion, but the US
market very key and they've even now got the CEO
and other senior leadership PIP actually based up in California.

Speaker 8 (08:27):
Now.

Speaker 10 (08:27):
Yesterday they announced their intention to purchase a business called
Medio Payments. Now it's a Silicon Valley startup. It provides
payment software to small businesses and food, beverage, construction industries.
This is all about alerating their growth into the US market.
The reason we're talking about is Mike. It is a
big deal. This is an audacious move. It is a

(08:48):
two and a half billion US two and a half
billion dollar transaction. To do this, Zero is conducting a
two billion dollar institutional placement of shares over there. This
is a very chunky placement and bearing in mind Medio
it's only I think the business is only seven years old,
so being sold for two and a half billion dollars.

(09:10):
It doesn't generate a profit. They're paying a multiple on
revenue to buy this. So they've got to place ten
and a half million new zero shares out into the
institutional market. Adds around seven percent of the shares on issue.
They're doing it at a sort of a nine point
four percent discount to the closing price in June twenty
four that was one hundred nine and lots of New
Zealanders will still be zero shareholders. Much that was one

(09:31):
hundred and ninety four dollars. They puting them out one
hundred and seventy six. There's gonna be a lot of
focus on this because this is a this is a
big move.

Speaker 9 (09:39):
This is a big move.

Speaker 10 (09:40):
Hopefully it accelerates their their expansion into the US.

Speaker 9 (09:43):
Will watch this one with a great deal of.

Speaker 2 (09:45):
Interest, I hope so to in virgin Well I mentioned
briefly yesterday, but I assume they carried on yesterday. I mean,
all things considered, timing wise, not bad.

Speaker 10 (09:53):
Yeah, you think about it, You launch your IPO and
then all of a sudden their space gets closed in
the Middle East and bearing.

Speaker 9 (09:58):
On these guys. Actually they flight, they fly it into
that area.

Speaker 10 (10:02):
And all of a sudden, it's not the most it's
not the most sort of it's not the best way
you want to have an IPO. But irrespective of that,
it seems to be plenty of demand of trading. And
two dollars ninety was the issue price. They're trading at
three dollars thirty four now, so investors still backing it.

Speaker 9 (10:17):
There was plenty of demands for the shares, so good
on them.

Speaker 2 (10:19):
Exactly what are the numbers?

Speaker 10 (10:21):
So it's fairly quiet in the US over the last
twenty first the Dow Jones's weakened off a little bit.
It's down one hundred and eighty five points, just over
a point four to three percent fall forty two thy
nine hundred and six. The S and P five hundred
barely moved. It's down four points six soh eight seven,
and the nawstack slightly highs uper point one six percent.
There's thirty two points nineteen thousand, nine hundred and forty

(10:44):
four overnight. The foot seer one hundred lost forty points
eight seven point eight, the nicket was up point thirty
nine percent three eight nine four to two. The clothes
there one percent rise in the Shanghai comps at overnight
to three four five five.

Speaker 9 (10:58):
As I said Ozzie yesterday, there.

Speaker 10 (11:00):
It gained four points eight five five nine and the
insects fifty lost seven points. Twelve thousand, four hundred and
sixty key we dollar back over sixty cents point six
oh two nine point nine two seven one against the
Aussie point five one seven eight euro point four to
four one again.

Speaker 9 (11:14):
Against a pound eighty seven point six seven.

Speaker 10 (11:17):
Japanese yen gold is trading at three thousand, three hundred
and twenty eight dollars.

Speaker 9 (11:21):
All quiet on the oil front, sixty eight dollars and fourteen.

Speaker 2 (11:24):
Sent nice stuff, See you tomorrow, Andrew kelliher Jmiwealth dot co
dot Nzsky cruising is so heart rate now accountable second
quarter results, record profitability and record demand. They've raised their
full year guidance as well. Is their money in cruising?
How about the revenue this one company six point three
billion US So you're talking what ten eleven billion dollars

(11:46):
worth of dollars worth of money adjusted net income forty
percent higher than twenty twenty four. The demand for cruising
doesn't seem to show any sign of abating. Six twenty
one on the Mike Hosking.

Speaker 1 (11:58):
Breakfast, The Vike Asking Breakfast Full Show podcast on iHeartRadio
Power By News Talks.

Speaker 2 (12:05):
It'd be Chris Bushop is supposed to be on this
program talking about infrastructure this morning, but got on board
with infrastructure. Are you bored with infrastructure? As I am?
Thirty year plan, got another thirty year plan as Minister
of Sport, which he isn't but was. I don't know
where to start with this, but if you'll be catching
up on this because this is all breaking news to

(12:26):
us this morning as well. Moana Pacifica, it's entirely possible
is going to fall off the cliff because they will
no longer exist because they're no longer getting money. Why
are they no longer getting money because the government was
giving the money. Did you know this? The government was
giving the money through Farna Aura. Now what else is
Farna Aura in the news for in the last twenty
four hours? Well, Tama, wake up and do your job.

(12:47):
Potacker suddenly yesterday decides that a thirty minute add telling
people to get on the mary roll is electioneering and
he might want to do something about it, so he
thinking advice. So then not only that, but fara Ora
is giving money to the Pacifica Medical Association group. What
do they do while they fund Mwana Pacifica a rugby team?
Should they be funding a sports team? No? Why are they?

(13:09):
These are all excellent questions, aren't they?

Speaker 12 (13:11):
So?

Speaker 2 (13:11):
Chris Bishop on that and if I don't finish with him,
I'll do it again with Nikola Willis Later Sex twenty.

Speaker 1 (13:16):
Five Trending now with Chemist Warehouse Celebrate Big Friends and
Bigger Savings.

Speaker 2 (13:22):
New movie story of Jeffrey Manchester and as crime Spree.
This is the late nineties early two thousands in America.
He's a former army soldier. He robbed sixty McDonald's by
putting staff in the freezer, never resorted to violence, and
every now and again he go, you look a bit
cold in the freezer. Would you like my coat? When
he was eventually caught, he escaped, ended up living in
a Toys r us for months. I'm not making this up.

(13:44):
He was known as Roofman because all his crime sprees
began by going through the roof.

Speaker 13 (13:49):
It's been six months and still no leaves on the
whereabouts of the escaped convict known as the roof Man.

Speaker 2 (13:58):
I was never very good at life.

Speaker 4 (13:59):
Good warning team.

Speaker 2 (14:01):
Oh no, no, don't be scared.

Speaker 4 (14:03):
Kind of like I was not good at hurting people. Duanne,
get your coach, I don't have one.

Speaker 2 (14:07):
Are you serious here?

Speaker 4 (14:09):
Yeah?

Speaker 14 (14:11):
A man hunt tonight for an escaped prismer.

Speaker 4 (14:14):
Fine to see Plice the hide for a few months.

Speaker 2 (14:16):
He's a very smart individual, super intelligent.

Speaker 4 (14:19):
I never knew we had an intelligence unit here in Charlotte.

Speaker 2 (14:23):
Oh are you law enforcement?

Speaker 6 (14:24):
Yes?

Speaker 13 (14:25):
I am.

Speaker 2 (14:25):
Wow, that's amazing. Police believe the Ruthman may still be
in the area. So Channing Tatum is ruth Man. Peter
Dinklich and Kirsten Dunstein. I think I've seen her for
a while. There'll be a welcome return. If it is
a welcome return, maybe she's done fifteen movies on Cinema's
October tenth is what we're dealing with, big call. I'll

(14:48):
tell you what the government did do well. This fifteen
stories thing for Auckland around train stations. Get the council
out of the way, start making some bold decisions. Fifteen
stories You can go around train stations in Auckland. Is
this good? If you build it? Will they come more
on this after the news, which is.

Speaker 1 (15:03):
Next Mike Hoskey will be insightful, engaging and vital. The Mike
Hosking Breakfast with a Vida, Retirement, Communities, Life Your Way, News, Togsdad, be.

Speaker 2 (15:19):
Joe mckennon's and Venice for the Bezos wedding. Not a
guest but an observer. As I suppose we all are
in a weird and wonderful sort of vibe that will
go there shortly twenty three minutes away from seven. Big
call from the government as they override the Augland Council
around future building. So as part of the CRL which
is the big you know train and new train stations
that come with it, they want up to fifteen story
buildings around them so we can all train to work

(15:41):
and live like we're in New York. John Tooki is
the professor of Future Environments at aut and.

Speaker 7 (15:45):
Is with us.

Speaker 2 (15:46):
John Morning, Good morning. So a couple of stories here
won the height and you know whether or not you
want to go out or up. And two the fact
that now central government seems to be running a city
and overriding a local council. Deal with the first one first.
If they build it, will they come.

Speaker 7 (16:02):
I suspect, so certainly it helps. I mean, all you've
got to do is look at many of the European
city examples, places like Glasgow in London and so on,
where you know, you get these little community groups built
around these train stations that yeah, they create a microcosm
of existence in the city and they facilitate smooth travel.

Speaker 2 (16:25):
All right. The other part of the fact Wellington's running
Auckland not Auckland running Auckland. Is that an issue.

Speaker 7 (16:31):
Oh, that's a massive political issue for sure, racing certainty.
I mean that you just know that it's going to
cause problems when because we're going to end up with
the classic sort of Nimbi type of arguments that are
going to hove interview straight away. Why have we got
to have it here? You know, who's going to fund this,
How is it going to impact everybody else in the area,

(16:51):
what's going to happen to local house prices, et cetera,
et cetera.

Speaker 2 (16:54):
And then we go down the text argument, which I
think label into I'm not sure this current lot are
that if you lose in close proximity to something they
would regard as magic, like a train, you get text.
More is that where we're hitting.

Speaker 7 (17:08):
My strong suspicion is that it's likely to go that way.
You know that there is no doubt about the fact
that there is massive utility associated with being close to
a railway station, with easy access to the city center
and all those sorts of things. There is no doubt
about that. Inevitably that's going to you know, put pressure
on taxation levels. You know, obviously I was going to

(17:34):
say council tax not council tax rating rating. Sorry, And
you know that's that's inevitably going to be a consideration
and a concern.

Speaker 2 (17:44):
Do you have any sense of a timeframe on this,
because I'm sure we've been talking about infrastructure in thirty
year plans and tall buildings and railway stations and living
like Wilburam Paris forever.

Speaker 7 (17:55):
Well, let's put this way, just the simple proposition of consent,
a fifteen story building in the middle of a city
is not something that's a five minute undertaking, and even
and then when you build it, you know you're talking
a couple of years. So my suspicion is that this
is going to be at least a decade type of
undertaking to see any sort of measurable mass urban identification

(18:19):
around these sort of railheads.

Speaker 2 (18:21):
So don't hold your brith. John appreciate. John Tookey, Professor
of Future Environments at aut My ONEA Pacific of MIC
also received funding from m FAT to strength and Pacific
Tithe through sport. Yeah that was Nanaiama Hooter four and
a half million dollars through in FAT. You can't blame
this government for the previous government's largest but boy, this
is I don't know about you, but there's there's something

(18:42):
this government's gone fundamentally off the rails on that there's
still a year and a half into power having promised
that race based funding stops, and we're still unearthing race
based funding, and not only race based funding, but it
seems from the s Mornings revelations scandalous race based funding

(19:03):
nineteen to two.

Speaker 1 (19:04):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (19:10):
B Bailey's Real Estate, Love them proudly, one hundred percent
que we owned, love that too, operated and more. Well,
it's more than just the legacy, obviously, it's their promise
to you. It means putting people first. That's what they do.
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(19:30):
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(19:51):
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That's the old Bailey's Real Estates Storry. What a story
it is, So learn more about what they can do
for you. Bailees dot Co dot NZ licensed under the
Area Act of two thousand and eight. That's Bailey's dot
Co dot nz asking. So many texts coming in, I've

(20:14):
missed the one that I wanted to read, but it
was about the business of the America's Cup funding and
for rich white guys. What you've got to understand, The
America's Cup funding was for sport. It was a sporting
event recognized as a sporting event, if not a tourism event.
This funding is a welfare fund designed to uplift poor

(20:35):
people in ethnic communities. What that has to do with
Ardi Savia running around the field before he heads off
to Japan, I don't know, but it is our money
and it's not tagged for sport. The same way the
four and a half million dollars through m FAT was
somehow tagged for a sport. When foreign relations is it's all,

(20:59):
there's something not right here. Anywayble took to Nichola Willison
Chris Bishop about it later six forty.

Speaker 12 (21:03):
Five International correspondence with Ends and Eye Insurance Peace of
Mind for New Zealand Business in Italy.

Speaker 2 (21:09):
Joe McKenna, good morning to you, Good morning. Make Have
you spotted them? Have you spotted somebody famous?

Speaker 15 (21:17):
I have been scouring the city today, the city of Venice.
I'm in Venice for the Bezos wedding. I was camped
outside their hotel. The beautiful Amman Hotel overlooking the Grand
Hotel at the Grand Canal, and they showed up as
soon as I left, so I missed their arrival. But
I have to say that hotel has completely shrouded in
secrecy and the security guards are working over time to

(21:40):
keep the media far away.

Speaker 2 (21:41):
Okay, if it's Venus small enough that if I just
happen to be there wandering around, I would see something
associated with this event or not.

Speaker 15 (21:51):
Well, so far we've really seen too much. I noticed
that the water taxis are fully booked and the gondoliers
are very busy on their gondolas, but there are also
plenty of regular tourists here, so it hasn't been really
evident so far seeing the HOYPELOI dare I say, except
for the superyochts. We're seeing those massive superyachts docked in

(22:12):
the Judeca Canal in front of Saint Mark's Square, and
some of those are just worth millions, hundreds of millions
of dollars, and it's quite spectacular to see them.

Speaker 2 (22:22):
See how much? What do you reckon? What's your observation? See?
But the thing that upsets me, I mean, look, I'm
I don't know Jeff b souces with a girlfriend from
a bar recite. But what I do know is Venice
is a tourist town, and they are tourists, and they
are spending like the snow tomorrow. And yet we see
these pro and they're not only that, but leware gifts,
they're giving, donating large amounts of money to various organizations

(22:42):
around the Venetian area. And yet we see these protesters.
You know, what, who do they represent? How many people
do they represent?

Speaker 15 (22:50):
Yeah, well, you know, I don't know whether it's rent
a crowd, you know, but some of these protesters did
campaign to stop the big cruise ships coming into the canal,
and I think that was probably a positive. But they're
saying that the little people have been forgotten here, that
people are struggling to survive on those lower wages, they
struggle to get some public housing. The current mayor is Brunaro,

(23:15):
is under investigation for corruption. So they're just they're feeling
a little bit disconvoluted with some of the deals that
have been done to bring this wedding here. Having said that,
you're absolutely right, they're bringing hundreds of millions of dollars
worth of business into Venice right now and at that
luxury level.

Speaker 2 (23:33):
Now, let's talk about the war, the world and all
its woes and worries. NATO five percent? Can Italy do it?

Speaker 15 (23:42):
Georgia Maloney, the Italian Prime Minister, says it is possible,
It is affordable for Italy and there is flexibility to
achieve those goals. That means raising defense spending to five
percent by twenty thirty five. I noticed that Spain got
a bit of a free kick there. They don't have
to seem to meet though targets. It wouldn't surprise me

(24:02):
if the Italians are going to did all the figures
a little bit to prove that they're actually meeting these goals.
But for right now, she says it is doable and
she's willing to be flexible.

Speaker 2 (24:10):
Joe, you have a very fine So how long you're there?
Put your hanging out? When is actually the wedding? When's
the actual wedding day?

Speaker 15 (24:16):
Nobody is telling us, but we think it might be Friday.

Speaker 2 (24:19):
Okay, so you're there. It's Wednesday there at the moment,
So you're there for another couple of days.

Speaker 15 (24:23):
Yeah, it's great.

Speaker 2 (24:25):
How hot?

Speaker 15 (24:25):
It's great, very hot, it's very humid, and you know,
it's very swampy in Venice, as we all know. And
at least we have a little bit of a breeze,
but I think come July that breeze is going to
disappear completely.

Speaker 2 (24:36):
Okay, nice to talk, have a good time, James Lay,
who is in Venice for us this morning. I've got
to get to This New York story is not going
to get covered here the way it should. But I
was deeply affected by being in San Francisco a couple
of years ago. I've been in San Francisco a number
of times and watched it over the years basically disintegrate
into what really is a third world backwater. And it's

(24:56):
been made to third World backwater by the fact that
they elected one again democracy. The fascinating subject of they
elect far left radicals who defund the police, allow drugs
to go rampant, crime to go rampant, and everyone just
basically packs up in leaves town. So I was very
sad to read yesterday from the Telegraph in Britain the
headline New York is flirting with an economic catastrophe, and

(25:18):
it looked as a result of the election yesterday that
catastrophe is about to come real, So I'll crunch the numbers.
But in a moment ten to seven.

Speaker 1 (25:25):
The Mike Hosking breakfast with Alveda Retirement Communities News.

Speaker 2 (25:29):
Togstad be Zoran Mandami is his name. And yesterday they
had the primary for the Democratic side of the equation
for the New York meryoral race. Cuomo, former governor Crooked,
was making a comeback. He lost forty four to thirty six.
Just to explain briefly, they rank candidates the eleven of them.
You get to rank your top five in the first

(25:51):
round forty four to thirty six. He lost. He conceded defeat.
They will now over the next week count the rest.
In other words, three four and five, distribute those votes
around the place. Cuomo will still have lost. This guy's won.
Who is this guy? Well, extra two percent income tax
on anyone earning more than a million bucks. He's doubling
down on rent controls that are already very tight, raises
the minimum wage, pushes up the city's top rate of

(26:13):
the corporate tax, the top federal tax from seven point
twenty five to eleven point five percent. Is going to
launch government run grocery shops, introduce free childcare across the city.
He is from not just the left, but the left
of the left of the left. He was endorsed by
Bernie Sanders, Letitia James. She's a very large black woman
who's the attorney general, who was after Trump or Carsio

(26:34):
Cortez loves are cannot get enough of this guy. So
he looks to be because New York's democratic city, the
winner of a race that's going to be held in November.
The only saving grace could be that Cuomo may probably
won't but may try to run as an independent. So
New York will be run by a radical nut job.

(26:56):
And you look to Portland, you look to San Francisco.
He might be about to watch a lot of business
leave New York. He might be about to watch a
lot of New Yorkers continue to leave New York and
head to Florida. He might be about to ruin one
of the great cities of the world. Hence, you should
read the piece yesterday from the Telegraph that it's on
the edge New York of a financial catastrophe. But it

(27:17):
is democracy. And they had the opportunity to vote for
a radical nut job yesterday, and they blind up and
they did so five minutes away from seven.

Speaker 4 (27:25):
Well, the inns are the outs. It's the bizz with
business fiber. Take your business productivity to the next level.

Speaker 2 (27:32):
Now do some good news when New Zealand andk or
reasonably good news. They've had to look around the directors
of this country. They think our economic green shoots are real.
This is the Institute of Director's Pulse Check survey. Fourteen
hundred directors, so over half fifty five say they're optimistic
about the economy and the recovery is on saying I'm
very pleased to hear that, because there are a lot
of question marks around this. At the moment, confidence is

(27:52):
tempered to a degree. Only thirty percent of boards have
budgeted for an improved financial performance this year. Thirty seven
percent expected a similar result of last year. Twenty three
percent say their financial position would get worse. Government impact.
What do they make of the government impact on the economy?
Majority are on the fence half forty nine percent Government's
legislative program neutral, thirty five percent say it will help
the economy, sixteen percent say it's having a nevigat and

(28:15):
negative effect. Who will it help the most primary sector?
Of course, everyone loves a farmer fire. I mean they're booming.
Seventy percent say the primary sector will continue to be
the driver of economic recovery. The other thirty percent, so
manufacturing in urban industries will be. So that's that's your
economy check or economic check. This morning, right after seven o'clock,
we will be dealing with a couple of things Farner

(28:37):
Aura and there's business of electioneering and paying Tama Eaty
to sit there for thirty minutes and convince you to
go on the Mari roll once again. Farna Aura is
supposed to be uplifting the Mari community. And that's before
we get to the developing scandal, which is Farna Aura,
through one of their agencies as funding professional rugby. How
that uplifts an impoverished community. I've got no idea, but

(29:00):
nevertheless you and I are payingful this nonsense. So we'll
deal with that. Chris Bushop will talk to him in
part about that because he used to be the Minister
of Sport. James May is back on the program and
we were right when we left you yesterday. I said,
I am how long have been since James May was
on the program, And I said two to three years?
And as Glenn quite rightly pointed out that almost certainly
means it was six, because that's how my mind works.

(29:21):
And as it turns out, it was six, it was
twenty nineteen. So we'll well overed you for a catch up.
James May with us after eight o'clock. News is next
on the Mike Hosking Breakfast.

Speaker 4 (29:36):
News, Opinion and everything in between.

Speaker 1 (29:40):
The mic hosting breakfast were the Defender Doctor the most
Powerful Defender ever made, and News togs Head been.

Speaker 2 (29:46):
Tip and past seven. So here we go again. The
Finance Minister's written this morning another letter to the supermarket's
food stuff says plead guilty as I'm sure you're aware
of a couple of breaches of inaccurate pricing. Warlworths is
facing apparently similar charges. Nicola Willis's with us a very
good morning to you. Good morning, I you the Finance
minister who cried wolf.

Speaker 13 (30:03):
No. I have the same basic expectation that every keyw
shopper has, which is some pretty basic things you have
to do under the law as a retailer. One is
make sure that the prices that you say on the
shelf are the prices that pay at the till. Our
supermarkets are some of the most sophisticated, well funded retailers
that there are. And the fact that in twenty twenty

(30:26):
five they are pleading guilty in the case of some
food stuff's North Island pack and saves to not meeting
there's pricing obligations under the Fair Trading Act. To me
just isn't good enough. And I shouldn't have to point
that out marketing, No, you should. I shouldn't be having
to write a letter to say, come on, guys, sort
it out.

Speaker 2 (30:45):
Are you leveraging this? I mean, look, I'm not defending
the supermarkets, but I mean these are It's a very
complex business pricing a million different products. It doesn't excuse it,
but I'm just saying, this is not your main point.
Your main point is competition in the supermarket area. Are
you leveraging this thing for your own political gain?

Speaker 13 (31:02):
The reason I am doing this is because the supermarkets
have said to me again and again, and they've said
publicly that they do everything they can to be good
providers of a supermarket service. So when I see that
it doesn't look like that, I think I should call
it out because actually my responsibility under the Grocery Act

(31:24):
is to make sure that they're doing all of the
right things you'd expect of a competitive player and a
well functioning market. Now this to me doesn't look right,
and so I am calling it out. And I think
that you know, sunlight is great disinfectant, which is let's
talk about it. They can explain it. They can come
on your show and tell you why it's fine that
someone is paying a different price than they were told
they were going to pay. But I've said to them, look,

(31:45):
tell me what you're doing to sort it out. Sort
it out quickly. And by the way, the fines under
the Fear Trading Act in New Zealand are a lot
lower than they are in Australia, and I've been advised
that it can be quite hard to do a prosecution
under our future Act. So it's only sensible that I
look at that and say, well, do we need to
lift the fines to be more like other countries? Do

(32:06):
we need to make it easier to prosecute you for
breaches of them?

Speaker 2 (32:09):
But it's these regulatory leaders you talk of in the letter.
You talk a lot of threats. Do you threaten too
much and act not enough?

Speaker 13 (32:16):
No, It's been my experience in life that when you
give people an opportunity to fix things themselves before you
force them to do it, when they've got good intent,
they take that opportunity. And in this case, the surfermarkets
have set again and again, look, we've got good intent,
we're trying to do the right things. Don't come at
us with the red tape. And I said, okay, well
I'll meet you where you are and i will take

(32:38):
that approach. And so in this case, I've set out
my concerns very clearly. I've just said basic things, Mike.
I've said, look, make sure that you've got actually modern
technology in your shops so that there aren't these pricing discrepancies.
Make sure you've got a proper refund policy and advertise
it now and will worth case, the policy is meant
to be if you get overcharged, not only do you
get a refund, but you get to keep whatever it

(32:59):
you want i'ver charged for. Well, advertise that policy and
everyone should have that policy. And then a pretty basic thing,
which is do some staff training so that if someone
makes a complaint about having been overcharged, that there is
actually a correction for that overcharging for everyone else who
might be impacted, not just the individual right, simple stuff.

Speaker 2 (33:19):
Yes, it is other matters. Are you aware of the
second leg of the farner or a scandal around professional
rugby this morning?

Speaker 13 (33:26):
Look, I have only briefly read that piece this morning.
I have not been read on it. But at first blush,
there seem to be two things to me. One, sport
in New Zealand under the last government chose to give
that entity some loans. I don't know much about that.
But then second, it appears that the funer or a
commissioning agency has been using its funds to sponsor this

(33:52):
rugby team. And for me, same question I have of
every social service provider what is the impact for the
people whose lives that money is meant to proof?

Speaker 2 (34:00):
Why are they allowed to do it?

Speaker 13 (34:03):
Well, as I say, I have literally read that piece
this morning in real time, and I think you're asking
a very good question.

Speaker 2 (34:12):
Why is Mary Pecker Rokawa Take still in work? And
this goes back to yesterday's scandal she's also involved with
with tama et Mari. Issues don't come to the fore
and mainstream political parties. Hence we need to spend more
of our taxpayers money convincing people to be on the
Maori roll. How does she hold a job down like that?

Speaker 13 (34:31):
Well, in terms of yesterday's revelations, you'll be aware that
the Minister forefuno Aura has asked immediately for an investigation
to happen into that, and so well, I'll await ats findings.

Speaker 2 (34:46):
Do we need an investigation into sponsoring professional rugby teams?

Speaker 7 (34:51):
Ah?

Speaker 13 (34:51):
Look suddenly, it was my plan to get on the
phone to come up Attaka this morning and say, right,
tell me about this.

Speaker 2 (34:58):
Is he asleep at the wheel?

Speaker 13 (35:00):
No he is not. Actually, he's made pretty significant changes
to farno Ura which I think are going to strengthen
that program considerably, essentially putting much more of an emphasis
on demonstrating the outcomes that occur as a result of
those contracts in ways that are more evidence and data.

Speaker 2 (35:18):
Basically, could we just join some dots for now, though
even though you've just read the story, I only just
read it this morning as well, that the chances of
the Pacific community being materially, medically, financially or in any
other way uplifted by the sponsorship of Moana Pacifica is zero.
We know it's zero, and yet they spent millions of

(35:38):
dollars on it.

Speaker 13 (35:40):
Well, I'm sure that there are lots of people who
love Wana pacifica. It's possible it inspires some people to
play rugby and playing sport and doing stuff is healthy.
But I want to see Farno or a money resulting
in people in jobs, attending school, getting training, not ending
up in court, getting their kids immunised, having less family violence,

(36:01):
all of the things we know cost individuals, families in society.

Speaker 2 (36:05):
But here's your problem, Yes they are, here's your problem politically.
You said you get rid of this race based nonsense
and you haven't. You're a year and a half and
we're still uncovering this. This is a scandal.

Speaker 13 (36:17):
Well, Mike, here's the thing. Here is an organization which
in that article it is revealed has been receiving funds
and we found out about how they are using those funds.
This is a few steps removed immediately from the minister.
There is now information needs to be dealt with properly.
But as the thing is, we're eighteen months in. We
haven't turned every rock over yet, and I guarantee you

(36:40):
there is going to be more stuff like this because
the last lot we're absolutely spraying the money hose around
Nicola at some point.

Speaker 2 (36:48):
My patient, Look, my patient's running is starting to run
thin on this this whole let's blame the previous government
is wearing thin. You've had a year and a half.
There are millions of dollars at stake in a country
that has no money, and this is this is a joke,
and you're doing the old well the laws, government fire
hose line. How about you own some of this and
do something about it.

Speaker 13 (37:08):
Well, if this was a direct decision by a government agency,
I take your point. Actually this is a step removed.
I read about it in the paper today. Test us,
Mike on how we react to it and what the
next steps are we've just found out today.

Speaker 2 (37:21):
All right, appreciate time. Nichola willis so what I don't
know what hat she was wearing on that senior government
minister in charge of wasting our money. Fourteen past seven.

Speaker 1 (37:31):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk, said.

Speaker 2 (37:37):
B James May for catch up after right on the
program eighteen past seven. Now, the government has more trouble
around the race issues, as you've just heard a moment ago,
not only the rugby this morning, but yesterday it was
a business Afarner, or of the Marii Roll. Graham Edgeler
is a constitutional law expert and is with us Graham morning.

Speaker 16 (37:51):
To you, good morning.

Speaker 2 (37:53):
We've got some good clear law around this or not really?

Speaker 16 (37:57):
Well, yes and no, the law isn't really complicated about this.

Speaker 8 (38:02):
The question is.

Speaker 16 (38:03):
What money actually is this. This is the funnel or
commissioning agency, which is private. It's not part of the government,
and so can spend its own money how it likes.
The question is is it spending its own money? And
that's the question we don't have the answer to.

Speaker 2 (38:17):
Will we get to the bottom of that. Do you
think can public money become private money or whatever?

Speaker 8 (38:23):
Maybe?

Speaker 16 (38:24):
Possibly, depending they've got a contract with various government agencies
to provide certain things, and they've got to use their
money for those things and not use it for certain things.
I don't know what those contracts say, but hopefully that's
what Time of Partaker is looking into. You know what
money is actually used here? Because if the answer is well,
this private organization is using its own money, you know,

(38:44):
to fund this, well, if anyone's allowed.

Speaker 2 (38:46):
To do that, sure, exactly, But if it's public money.
Rokaua Tite argues that Marii issues are not raised or
come to the fore in a major party. Therefore you
should be on the political role of the man party.
That's electioneering, isn't it? No trying to convince somebody, it's

(39:07):
trying to convince somebody in the electoral process. Is not electioneering.

Speaker 7 (39:13):
Or it is?

Speaker 16 (39:14):
But do you're allowed to action there? You know, people
spend money, vote for me, vote for them, don't vote
for them all the time.

Speaker 2 (39:21):
So what you're arguing is because they're private, they can
do it. If if they were a public enterity with
public money. Government departments can't electioneer.

Speaker 16 (39:29):
Correct, And so the question is whose money is this
and what agreements did they have? You know, we're using
this money to fund your vaccines or we're using this
money to fund an enrollment drive. You know, because the
Maori option thing closes with nearly three months until the
local elections, and so at that point you can't switch
role anymore. And so when that happens that the government,

(39:50):
the Electoral Comission's got something going on. Change your role
by ten July I think it is three months before
the election.

Speaker 2 (39:57):
Okay, So we will find out within the contracts. The
detail will be in the contracts. Appreciate your expertise as always,
Graham Mitcheler, who's constitutional law expert. That's before we come
to another problem that was raised this week by the
Retirement Commissioner. More shortly seven twenty.

Speaker 1 (40:11):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk ZIB.

Speaker 2 (40:19):
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But if you're not exactly sure what it is or
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(41:00):
So basically, say yes to DVS. Your healthy home is
not complete without it. Eight hundred VSDBS Easy to Remember
eight hundred DBSDBS or online at DBS dot co dot
nz on Ski Tiven twenty four from the We Can't
Get Out of Our Own wavefile comes The question has
posed this week by the Retirement Commissioner as to whether
the people who have money in the bank should get

(41:21):
the pension. Now, the first part that is wrong with
that is I thought we'd decided many a decade ago,
rightly or wrongly, super is an entitlement. It's trigger rightly
or wrongly is age. Therefore, the other criteria that you
might like to at a later stage add to the equation,
I don't know, height, weight, job, brain power, or savings

(41:41):
are null and void because age is what triggers it.
So are we changing that? Are we all of a
sudden because that's the inference in the question. The inference
is also the sneering socialist bent that some people have
around success. Well, don't be too successful, and that's what
savings generally are. You had a plan, you worked hard,
you put a few dollars aside. Interestingly, the numbers are depressing.

(42:02):
This is where the question comes from. There are three
or thirty three thousand who were in each year between
one hundred and two hundred thousand dollars a year, nine
more than two hundred thousand. Now that's actually not a
lot of people. It shows you how poorly paid we
are in this country, how bad at saving we are,
how expensive life is. To stop your saving in the
first place. Whole bunch of stuff leads us to not
being a very well off sort of country. Personally, I've

(42:23):
said this many many times. I'm not fast to do
whatever you want with superannuation. I didn't join KEYI saver.
I'm not relying on a pension. Why Because when I
started working nineteen eighty two it was very well established
even then that the pension may or may not be
around at all. So why I take the risk in
a nineteen eighty two as I was on the minimum wage,
as I basically worked out, I had forty fivesh years

(42:46):
to get my act together and do something about it.
The problem with keeping on asking these questions is it
messes with people and their intentions. Government has been bad
enough already with their constant changing of the rules and
their contributions. Last thing we need is thought bubbles on
what should be really a long term leave it alone,
get out of the way understanding among us all that

(43:06):
the pension is our society's recognition of a life's work.
Change the age if you want, but penalizing success is
the opposite of what we want to actually promote.

Speaker 8 (43:17):
Mike.

Speaker 2 (43:17):
As a reminder, we still have not heard any outcome
on the Manaea Mariah investigation. Michael. We got news on
that a couple of weeks ago, was it two or
three weeks ago? That's gone to the Serious Fraud Office.
So we await that one with a great deal of interest. Mike,
your way off the mark with Nichola. They're uncovering and
dealing with this. It doesn't all come out and the like,
well they're not this did you not hear the interview?
They're not uncovering any of it. The media, God bless

(43:38):
Kate McNamara yet again for the Herald, and she worked
with Liam Napier on this one. But the Herald uncovered this.
The government didn't uncover any of it. And as you heard,
from Nikola Willis. A moment ago it was breaking news
to her her argument that they're one step removed. I'm
not buying either. Tama Potarker, who seems a likable bloke
I think, is increasingly being caught out in the whole.

(44:01):
What when did that start? I need an investigation kind
of fashion. So yesterday's bad enough. You cannot tell me
that's not electioneering. And if there's any government money involved
in that, heads need to roll. And I think, as
I've said earlier on the program, I think the Moana
pacifica thing is actually even worse because farner Or at
its core, is designed to uplift the impoverished, and sponsoring

(44:25):
a rugby team to the tune of millions does not
and cannot do that anyway. Chris Bishop was the Minister
of Sport and he's with us after the News, which
is next James May, of course after eight as well.

Speaker 1 (44:37):
New Zealand's home for trusted news and views, the Mic
Hosking Break Bend with Bailey's Real Estate doing real estate
differently since nineteen seventy three.

Speaker 2 (44:46):
News Togsdad be Morning, So another crack at the big
picture infrastructure this morning from the Infrastructure Commission, who's latest
report tells us we spend too much for very little return.
This is a thirty year draft plan. Chris Bishop, Infrastructure
Ministers with us, good morning, Good morning. The comments yesterday
about how useless we are, do you reckon in your
capacity here and now you can actually move the needle?

Speaker 17 (45:10):
Yes, I do, and I'm intending to do that over
the next eighteen months. In fact, we've done quite a
lot already to improve the system, but there's a long
way to go. As you said, it's a thirty year problem.
We're in the top ten percent for spend. Everyone says
we don't spend enough. We actually spend a truckload on
infrastructure across local and central government. We get very bad
value for money from that spind We're in the bottom
teen percent for value for money in the OECD.

Speaker 7 (45:30):
So we've got to improve.

Speaker 2 (45:31):
So the trams government thing that you talked about yesterday
as well, do you think that's real that someone's going
to pick up and run with your idea? So it's
not your idea, it's everyone's idea. Do you think that's
real or altruistic?

Speaker 10 (45:41):
No?

Speaker 7 (45:41):
I think we can do it.

Speaker 17 (45:42):
And one of the things I talked about yesterday was
moving away from the sort of rhetoric that we needed
by partisan pipeline. We do need that, but I pointed
out at the summer yesterday, and I pointed out all
the next the things we're going to start in the
next six months.

Speaker 7 (45:55):
If you look at the list, I.

Speaker 17 (45:56):
Don't reckon any political party in Parliament would disagree with
anything that one spending money on. You've got Maling, You've
got Otechi to north of them starting, You've got a
couple of government capital projects starting. Everyone's going to agree
on that.

Speaker 7 (46:08):
The issue is not that.

Speaker 17 (46:09):
The issue is reck So the issue is let me.

Speaker 2 (46:12):
Just counter it for one moment, and I don't want to,
but I have to. They will say I want some
trains and some trolleys and some cycle lanes and I'll
leg the money for that. And once I'd love to
build your road, but now that I've got all that stuff,
I can't afford your road. And that's how it's going
to unfold, isn't it.

Speaker 7 (46:27):
I reckon.

Speaker 17 (46:27):
There'll be a bit of debate between the Greens and
National and things like that, and labor on on things
like cycle ways. Right, so national government is never going
to be as into cycle ways as a green government is,
for example. So but eighty ninety percent of the part
one week can agree on. What we do need to
agree on are things that the people have been saying
for thirty years we need to do. Focus on a
set maintenance. We have neglected that that fl We have

(46:49):
rotten hospitals, we've got mold in our schools. You know,
police station's falling apart around the country because we don't
look after what we've already built. So there's the whole
range of recommendations in there around that. I'll tell you
one thing that shocked me that I learned half of
central government capital intensive agencies do not have an asset register.
What I mean by that is they don't even know
what they own and they don't know what the state

(47:10):
of what they own is. Now it's ridiculous when you
think about it, because we say the local government and
they get a bad rap. But we say to local government,
this is legislated. You've got to do a ten year
capital plan, you've got to do a long term asset
maintenance plan, and there are some performance standards you've got
to meet. We don't even do this, do that for
ourselves in central government.

Speaker 7 (47:30):
So things like that. It's got to change.

Speaker 2 (47:31):
Tell you what is changing, and congratulations this fifteen stories
in Auckland. That's sort of overriding councils. Get them out
of the way, get on with this stuff. But is
someone wanting to live on floor thirteen next to a
railway station? If you build it, will they come?

Speaker 17 (47:47):
Absolutely, there's a huge demand out there. It's not going
to happen straight away like it's you know, we're going
to make the council do it, and they'll do it
by October, which is good progress by the way, But
it's not like, you know, next next week or something,
there's going to be like a bigger apartment by Kingsland
train station. But over the next three, five, ten years,
this is the way people want to live, or at
least the way some people want to live, right. Some

(48:09):
people want to live in a single story house in
the suburbs. That's all good, We need more houses like that.
Some people want to live in a terrace house, that's fine.
Some people, young people, older couples, the kids have moved out.
They just want a nice apartment by a train station.
And here's the thing. We're building this five billion dollars
Sea rail Link. It's going to be rapid transit for Auckland.
But Kingsland Train station is going to have trains running
through it every five minutes at peak. It's going to

(48:30):
be phenomenal. People are going to want to live near
the station, get a coffee on the way of the train.

Speaker 2 (48:33):
Chris, you said you've taken the pills. Have you seen
the trains in Auckland lately? They don't run. There are
no trains in Auckland. They're permanently not on.

Speaker 9 (48:40):
Well.

Speaker 17 (48:40):
The part of the reason for that is that they're
getting ready for city rail links. So I'm not pretending
it's going to be perfect right away from day one,
but there's a huge investment going into upgrading the lines
and the train so we can get ready for it.

Speaker 2 (48:51):
Right, are you ready for this morning scandal?

Speaker 4 (48:55):
Hit me?

Speaker 2 (48:55):
Hit me with that far No Aura, right, farner Aura
give money to pacifica Medical association group. What do they
do with that money? Chris, I'm sure you to tell
me they fund Moana Pacifica the rugby team. Now I'll
ask you this in your capacity as Minister formerly of
Minister of Sport. What the hell is an agency that's
supposed to uplift the community. Firstly, it's a race based funding,

(49:18):
which you said you'd stop. Why are they funding professional sport?

Speaker 17 (49:23):
Yeah, it's a complex. Is this funding picture a because well,
because you've got fun of war, that's the fun of war.
Groups do all sorts of different things and sometimes it's
quite difficult to untangle the contracts at a delivery from
everything house. So is it I'm with you.

Speaker 2 (49:38):
Well, well, you're in charge of Chris, You're the government
who is going to fix all of this a year
and a half and why are we discovering this this morning.

Speaker 17 (49:45):
I'm not a judge that, but I know that my
colleagues are looking at it because I agree with you
in principle, and I'm sure they are looking at it.

Speaker 2 (49:52):
But as Minister of Sport, which you were, did it
not bother you or did you not know that professional
rugby teams in a country with no money were being
funded by an agency that's supposed to on a race
based way it will process uplift their community.

Speaker 7 (50:08):
Yeah? I found it strange.

Speaker 2 (50:10):
Well what did you do it about it?

Speaker 17 (50:12):
Well, as I say, there are contracts in place, and
as I say, disentangling all of the various different funding
streams that go into final or from some of the
money that goes out the door. As we've discovered in
other areas I'm thinking of with the other issues that
we've cropped up. Is not as easy as it sounds.

Speaker 2 (50:31):
I appreciate your time, Chris Bishop, and you got caught
there slightly.

Speaker 13 (50:37):
Now.

Speaker 2 (50:37):
The other aspect of this is the charity aspect. So
the company or the business or the charity specific and
medical association group is a charity, so they don't are
they charity? When you fund a professional rugby team, are
you a charity still? And if that rugby team didn't
exist without your funding, are you still a charity? Dez,
There's a lot of questions on this. Morney. Mics of

(50:59):
the Tniger continues with Maray getting more and more money
to do well. It's not just Mary' specifica to do
what they want. When is it going to stop? Not
a bad question, it's I think, as you heard Chris say,
it's small difficult than you think. Seventeen to eight.

Speaker 1 (51:15):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by the News Talks.

Speaker 8 (51:20):
It'd be.

Speaker 2 (51:22):
Part of the problem, Mike, is the public servants are
ignoring directives. I've said that, Judith. I think you're right.
I've said this on the program. I think that's increasingly
what it is now. You can, partially to a degree,
argue that Farna Ora is one step removed. They're not
directly a government department. They are funded by the state,
but they're contracted to do certain things. And you've got
to ask yourself the question also the broader question. The

(51:43):
reason this is a story this morning, apart from the funny,
is specific a medical association their contract has been stopped.
Another version of pacifica medical association is the Wipe Perrera Trust,
the famous Wipeerrera trusts head by John Tammahirie. Of course
they've lost their contract as well. I believe he's taking
them court. I don't know how you take the government
to court over a contract that you you know, when

(52:04):
you've got the money, you give it to whoever you want.
But you've got that aspect of it as well. Without
digging in even deeper hole. I'm getting a lot of
emails and I can't work out whether this is just
a sort of a very minor, broad based conspiracy by
a few angsty people who spend a lot of time
on the email and send me far too much correspondence.
But section one two seven has that triggered. You just

(52:27):
listen to this section one to section one two seven.
This is education. We raised it very briefly on the
program the other day. This is race based as well,
and it's part of the it's actually officially the Education
and Training Amendment Bill number two, which is in front
of a select committee at the moment. The claim from
the many, many, many correspondents I get is that this
is race based. It's tatyty, it's the Treaty of WAYTANGI.

(52:50):
It's what we're teaching kids in school, and you're accusing
Erica Stanford. The latest email this morning, the most woke
while everyone was distracted. The National's wocist minister, Erica Stanford,
where you get that from, I don't know, quietly introduced
a radical rewrite of our school governance laws and now
it has been pushed to a select committee with barely
a whisper of public attention. Education and Training Amendment Bill

(53:12):
number two. Changes buried within it rewritten section one two
seven represent one of the boldest attempts yet to enrich
or entrench rather co governance and identity politics in the classroom. Now.
We went to Stanford's office the other day and they
said that's not true. I've read their explanation. If I

(53:33):
can be honest, their explanation if I'm being generous kind
of makes sense. If I'm being conspiratorial doesn't. So we'll
probably need to get her on the program tomorrow to
get some clarification because there's clearly a frassant building up
in the emailing community of this country that will need

(53:56):
to address. H I'm worn out. Can I just say
that this morning, just like days like this, pissed me off,
no end, not badly, but I'm just sick of this
country being the waiters. So I need to talk about wine.
And if I had some, i'd drink it at the
same time, but I don't, so at least I can
talk about it next ten to way.

Speaker 1 (54:16):
The News Talks d be on Mike Hosking, Breakfast with
the Defender, Octurn News Talks Dead b.

Speaker 2 (54:23):
So if you're into wine and into awards, then the ones
you want are the Decanta World Wine Awards, of course,
and Craigie Range and the Martin Broupin and Wire has
taken home Best in Show that would put it in
the top zero zero point three percentable wines in the world.
Now Ben Times is the cheap wine maker at Craggi
Range and as well, there's been very good morning.

Speaker 11 (54:40):
Good morning Mike, thanks for having me on.

Speaker 2 (54:41):
Not at all and can warmers. Congratulations. Now, without getting
into the weeds too much, I know you make a
number of pen and wars. Is this your Tamuna Road
pen and noir? And is it your Tamuna Road arrowha
pen and wah.

Speaker 11 (54:52):
No, this is actually a martin broopin and wa which
is actually an entry level It's our first pin and
why to be bottled out of twenty two twenty twenty
four vintage. So yeah, it's an incredible achievement.

Speaker 2 (55:03):
Does it taste like something that would win when you
sent it off?

Speaker 11 (55:08):
Yeah, yeah, we knew there was something pretty special coming
out of the twenty twenty four vintage. Yeah, it just
shows this unique kind of provenance to Martinborough. But it's
ultimately yeah, just delicious. So yeah, we knew we had
something pretty cool there.

Speaker 2 (55:23):
Twenty four seemed to be a good vintage around the
whole country. Is that fair or you're not across the
whole country.

Speaker 11 (55:28):
Yeah, no, no, it was a great vintage throughout New Zealand.
Fortunately we had a pretty dry spell throughout the summer
in autumn, so got like a really long hangtime to
develop lots of concentration. So yet the stunner for New Zealand,
which is I think evidence in those you know, three
hundred and three medals that were awarded to New Zealand.
So yeah, it's a great achievement for the country.

Speaker 2 (55:49):
When you're tasting the peanut, it's somewhere like those awards
given it. I mean twenty twenty four Would you drink
a twenty oh you put it away for a year
or two? Can you taste what are they tasting? What
can be or what it is?

Speaker 11 (56:01):
It's a mixture of both actually, So they do like
to see there's some age worthiness and the longevity in
these wines, but ultimately it has to be delicious on
the day of tasting. And yeah, with this Peno and mine,
like we want that to be approachable and ready to
drink from when it's released, which is.

Speaker 2 (56:22):
Now so from a Hawk's Bay company, which is what
you are. How much of your wine's made out of
the region out of the Bay.

Speaker 11 (56:29):
Well, actually it's about or less than fifty percent. So
most of our identity is down in Marsborough, now, is
that's where our Cevion Blanc comes from and also noir.
So yeah, it's a huge part.

Speaker 2 (56:40):
Of our martink.

Speaker 7 (56:42):
Yes, it's fantastic.

Speaker 11 (56:44):
Yeah, yeah, a bit of a pudding difference.

Speaker 2 (56:45):
Yeah, I don't see. My problem is I'm a massive
wine fan, Ben, but I don't drink white wine at all.

Speaker 11 (56:51):
And oh, we've got to give you a bottle, mate.

Speaker 2 (56:53):
No, I don't want a bottle. I'm just thinking that
Martin bro as a profiles. I mean, so the last
time I drank white wine was I drink of obviously
Marlborough serving on blank and I never like the Hawk's
Bay serving on what tastes completely different? What does Martin
but taste like in comparison to those two.

Speaker 11 (57:09):
Yeah, it's actually it's actually a lot cooler than than
Marlborough despite being further north. But it's not as like
obvious as sort of grassy or capsican or sort of
herbal is probably the two. And it's actually more like
when it's greener, it's actually more more greener, citrus, more
that sort of Yuzu spectrum, so it's really fresh and
really salty. So yeah, it's got thicker skin from more

(57:32):
wind there as well. So yeah, it's quite quite a
salivating sevyon blanc. Because it's nice as opposed to something
quite obvious.

Speaker 2 (57:37):
Good description. People will think you're a wine maker the
peen and noile that you've won with. Do you do
you have the product because presumably people are going to
want to prome all over the world.

Speaker 11 (57:47):
Yeah, yeah we do. It's it's available in most good
wine stores throughout New Zealand and it's actually one that
we do stock in some supermarkets too, so it's it's
available at the moment, just sort of wild stock class.

Speaker 2 (57:59):
I guess, good on you. Well, congratulations. It's the big
one to canter Wine Awards if you want something really
special from Craigie range is not an ad. Sophia is
my favorite wine of all time. It was the Quarry,
but then at Sophia it is Sofia. Now I will
probably go to my grave with a bottle of Sofia
just saying I do feel better. Actually I talked about wine,
lifted myself up a little bit. That was good and
it's going to get even better because James May is

(58:22):
back on the program. He's coming to the country. I'll
tell you why he's coming to the country, but watching
him online, I still watch him online a lot. He
did a very nice thing with Jay Leno the other
day that I've got to talk to him about. He
drove a very nice ferrari the other day, which is
the V twelve Ferrari, which I've got to talk to
him about. I'll probably talk to him about Grand Tour,
and I don't know that I'm going to have my
time for any of this, but anyway, James May after

(58:43):
the News, which is.

Speaker 1 (58:44):
Next setting me agenda and talking the big issues, the
Mike Costing, Breakfast with Vida, Retirement, communities, Life Your Way, News,
togs Head Besiven Past Day.

Speaker 2 (59:04):
Well, James May not only back, Who's heading our Way?
If you haven't seen as Our Man in series, it's
well worth watching Japan, India and Italy. He also has
the pub. He's got his own gin, but it's the
theater that brings him here explorers the Age of Discovery.
It will be arriving in August. James May is with
this Good morning, Good morning, sir. We last had you
on the program in twenty nineteen, and that was just

(59:28):
ahead of season three of the Grand Tour. This will
be the only Grand Tour question I ask. But given
it's been six years, has that contribution to your side
of television, both top Gear and Grand Tour settled in
your mind? Are you at peace with yourself and life
moves on?

Speaker 18 (59:46):
That's very nice of you to put it that way,
because I think, yes, you are right. I am largely
at peace with myself. I'm very happy with what happened,
and I am ready to move on to a broad
Sunday's upland very busy.

Speaker 2 (01:00:01):
Are you deliberately busy?

Speaker 18 (01:00:03):
No, quite the opposite. This year was going to be
my what I called a dry run at retirement to
see how much I liked it that I've ended up
doing a live tour, a couple of TV shows, various
other odds and sods. It's actually the busiest year I've
had for probably a decade in terms of demands on
my time. But maybe that's a good thing, you know,

(01:00:25):
maybe if I was left of my own devices, i'd
sit in the garden and rot.

Speaker 2 (01:00:28):
Because what I wanted to know is is post your
ground to a top Gear thing was the work you
wanted to do, ideas you wanted to explore and you're
now doing that, or has it just happened.

Speaker 18 (01:00:43):
It's a boringly predictable answer, but it's a bit of both.
There were some things I wanted to do, none of
those have come to fruition. And there were things that
other people wanted me to do that I've agreed to.

Speaker 2 (01:00:55):
And have you enjoyed them and enriched yourself through the process.

Speaker 18 (01:01:00):
Well, actually yes, I think. I mean I try to
deny it. I'm sure a lot of us do, but
I quite like being busy, and I like having I
like having things to do and an objective and I mean,
let's be honest, a sense of purpose and self worth.
We're all needy underneath, especially people in TV, in the media,

(01:01:22):
We're all just crying for help.

Speaker 2 (01:01:26):
Our man in I enjoyed them all, but I particularly
like Japan. It struck me that that could go for river,
couldn't it. There's one hundred and ninety six countries you
could be our man in.

Speaker 18 (01:01:38):
Yes, I think you're right. Amazon didn't think so, though,
so they binned it. I was quite cooking to do
our Man in the UK because I thought The one
thing none of us ever does is explore our own countries.
We always think I must go if you live in Britain,
for example, I must go to New Zealand, or I
must go to the Maldives, or I must go and
explore India. But why not go and explore miles down

(01:02:00):
the road?

Speaker 2 (01:02:01):
Exactly? And so well, why not make it an independent
production James may incorporate it brings you our man in
oh Man at home. Yes, precisely. We might have just
whiteboarded a half decent idea other things exactly. The show
you're bringing to the country is that fraught given its
live and from what I can understand of it, it's scripted

(01:02:25):
but technically involved as well. So the potential for chaos
is there, is it?

Speaker 18 (01:02:31):
Not that that's a very polite way of putting out.
I think the potential for cocking it up is enormous.
I'm not really very experienced at live things. We used
to do top Gear Live and then Cluts and Hammond
and May live. But there were three of us doing it,
plus our stunt driving team and various other circus performers.

(01:02:54):
And it was I mean, it wasn't it was quite
It was quite nerve wracking at times, but it wasn't
really technically very different. This one is quite intimidating because
it's just me. If it goes wrong, I can't just
turn to Richard Hammond and go, so, Richard, what do
you think you know? And completely throw it to him
and watching the squirm. I don't have that option. I

(01:03:16):
have to I have to keep going, which on the
whole I don't have a problem with. I mean, I'm
quite good at keeping going. But yes, it's I'm slightly
nervous about it, if I'm honest, But that's also quite
a good thing because it's it's stimulating. You know, it's exciting.
You have a live audience. You can't you can't rewind,

(01:03:36):
you can't edit. You just have to go out there
and feel either the love or the hate, depending on
which comes out of the audience.

Speaker 2 (01:03:42):
Is this entirely your show? You wrote it, Therefore you
put the parameters around it. Who's the discoverer, what you
say about them or as they More to it than.

Speaker 18 (01:03:50):
That, it's a bit, it's a it's a slightly more
complicated process than that. The organizers came up with the
bare bones of the show and then I've added a
few bits, and we've taken a few bits out, and
then I've turned it into my own words, and I
have written the entire script. But I mean it's two
hours long. I don't think since I'm not part of

(01:04:10):
the Royal Shakespeare Company or anything like that, I don't
think I can actually remember it word for word. I've
got to. I have to remember the gist of it,
what is often referred to as the narrative arc. There's
a terrible expression that we all hate it. But I
have to essentially remember that and just stand there and
tell the stories. There are there special effects. We've got

(01:04:32):
an artist on the stage. We've got lights and projections
of pictures and dry eyes and fog and the power
of the ship and all these things, so it'll be,
you know, it'll be good to look at, but ultimately
I have to stand there and tell stories.

Speaker 2 (01:04:46):
Have you actually done it yet in terms of it's
coming to Australia in New Zealand? Have you run it
through Britain as a bit of a taste trial to
warm it up for us? Or is this are we
the guinea pigs.

Speaker 18 (01:04:54):
We're actually running it through Australia in New Zealand and
then Singapore doing it in Britain. I don't think it's
because we're regarding the antivities as a guinea pig. I
think it's more because the way that the timing of
the thing is such that we come to you in
your winter, ESSENSI, and by the time we bring the
show back to Britain, it will be winter here and

(01:05:16):
people will be you know, depressed, drunk, no money or
what episode I'll consider going to watch me in a
theater show.

Speaker 2 (01:05:24):
All right, hey, listen, I've got to talk to you
about cars. Let me do that in just a couple
of months. James May isn't Brittain for us this morning
more in a moment thirteen past the.

Speaker 1 (01:05:33):
Mike Asking Breakfast Full Show podcast on Ihard Radio powered
by News Talks.

Speaker 2 (01:05:38):
It be News Talks. It'll be sixteen past that. James
May is the gift. Now listen, James, We've got to
talk about cars. I watched you the other day. I
saw you think with Jay Lino. Now I'm assuming he's
on a zimpagre. He's on a diet because he's literally vanished.

Speaker 18 (01:05:53):
It's a lot thinner than he used to be. I mean,
I didn't ask him about it because that would be
terribly indiscreet, and rather, rather, let's be honest, I thought.
I mean, some people have commented saying, oh, Jay looks
so thin, but I actually thought he looked quite healthy.

Speaker 2 (01:06:08):
But it's just I was just concerned. But he wasn't
done well the Triumph though the tr This is what
I got out of your video with Jay, and people
should watch it. Your relationship with the Triumph TR six
Is it about the car or is it about your
time and place in life and therefore your relationship with
with what happened to be there at the time.

Speaker 18 (01:06:30):
Yeah, what you see, that's the That's the sort of
question that earns you the big bucks because I think
it is quite a complicated thing. There are there are
aspects of the of the TR six that connect with
my teenage years, well even with my childhood. I suppose
it was the first It was the first car I
drove that wasn't my own car. As a solo review

(01:06:53):
on top Gear, I've always admired it. I always wanted one,
So is it I mean, I do like them as well.
Even though I'm not a massive fan of classic cars,
I tend to think that you know you're better off
of the model, but I do really like the TR six.
Is it about the car? Is it about my yearning
for the past? Is it about some unresolved personal trauma

(01:07:18):
or crisis. I don't really know. I think that's for
someone else to decide. Yeah, there that you're mad?

Speaker 2 (01:07:27):
Are you riveling as much as I am? In the
I mean, I don't say this in a nasty way.
In the back down of the motor industry on internal
combustion engines and what we have seen, what we thought
was going to happen and what is happening are two
completely different things. And I reference your review the other
day with the Ferrari, the chill Andre twelve cylinders. Who

(01:07:47):
would have thought, Yeah, I know it was.

Speaker 18 (01:07:51):
It was surprisingly delicious. It shouldn't have been surprising. I know,
I know what that sort of thing is like, and
I know I still have a soft spot for it.
You're meaning that the electric car revolution hasn't quite we
thought it, but well, I mean I don't rejoice in it.
I'm open minded about it. I have I have a Tesla.

(01:08:12):
I've been driving electrically for over a decade because I
sort of I mean, the way I've always put it
is I feel I should take part in the experiment.
I'm a car enthusiast. I'm in the fortunate position of
being able to so I ought to be interested in
where the cars going or not going, So I should

(01:08:32):
I should join in. There's no point in sort of,
you know, digging a trench and sticking your head over
in a tin hat and going bar electric cars, bugger off.
I'm going to have this flat six until I die.
You've got to You've got to look at a bit
of both and and sort of. You don't have to
make a decision so much, but you have to. You
have to be. The way I always put it is

(01:08:55):
absorbent to possibilities.

Speaker 2 (01:08:57):
But you would be. It would be fairce tosu, would
it not that the Ferrari does more for you emotionally
than an electric car ibber will.

Speaker 18 (01:09:10):
Mechanically. Yes, I think I believe in I don't really
believe the argument that cars or any machines have soul.
I think that's a that's a slight cop out for
people who can't articulate what it is they like about something.
But I do believe in machine character and the character
of electric motors everywhere, not just in cars, is fairly

(01:09:31):
uniform because they simply spin round around and whine. The
thing that makes internal combustion engines interesting and full of
character is ultimately because they are flawed. But of course
so are we, so therefore maybe we can relate to
them better and explore their their foibles and their strengths
and their weaknesses, and either sympathize with them or exploit them.

Speaker 2 (01:09:53):
List when I tell you what we're looking forward to
having you in the country, turning a month or so
away and the show.

Speaker 18 (01:09:58):
I've been terribly pompoused, then I should apologize.

Speaker 2 (01:10:00):
No, no, you never, never, You're not not pompous, and
there's no need to apologize. It's always a joy. And
I just hope it's not another six years before we
get you back on the program.

Speaker 18 (01:10:09):
No, well, I'll gladly come on. It was you know
when I'm there, which is only let me work out
how many weeks away it is, six, five, six, six
or seven. Well, I can't do that calculating exactly.

Speaker 2 (01:10:19):
There's a waste of lovely James may lovely to see
you again, nice to talk.

Speaker 18 (01:10:24):
And you, sir, very nice, as I ever see you again?

Speaker 2 (01:10:26):
Soon there we go, and we'll get him in the
studio when he turns up in August. James may always
a pleasure eight twenty one.

Speaker 1 (01:10:33):
The Make Asking Breakfast with Bailey's Real Estate News Talks
did be.

Speaker 2 (01:10:38):
Now no doubt. Amiga three from fish oil is one
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(01:10:58):
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(01:11:18):
code breakfast you'll get ten percent off your order. Read
the label, take only as directed eight hundred triple nine
three oh nine or about health dot co dot nz pasking.
We'll have more details in the news at eight thirty.
But the MP Takata tash Kemp has died and so
we'll tell you the implications of that, one of which

(01:11:41):
are obviously is in a by election in the Tamickimacara receept.
So that's literally just unfolding in front of us and
what has already been a fairly busy morning. Mike also
inter you with jame Z e very kind. I've always thinking,
having done them all over the years, several times, I'm
just winking I would come close to saying he's the

(01:12:01):
nicest of them. He certainly that I think the most thoughtful,
But you can't escape the luminosity of the clarks and name.
But I think I enjoyed James as much as any,
if not more. Mike only drink red wine. I can't
decide whether that makes you a snob or bargain Well,
it makes me neither. I just find white wine just
a little bit of cidic. And you can only consume
so much wine in life. But to capsicker me for

(01:12:23):
you wine no, no, just a cidic. And I'm thinking,
you know, if you only have a glass a week,
then you might as well have the glass that you
actually want. Agree with you on, Sophia, Mike as in
the wine drunk a bottle of the twenty fifteen last night,
jeez nice or some just whole bottle? Was it twenty fifteen?
I hear you on the craggy Range, Sofia. However, I

(01:12:44):
enjoyed a very delicious tomato twenty nineteen bull Noose, which
is a Sarah outstanding wine. And the grapes have grown
in the bay and the gimlet gravels. Thanks for the
story showcasing one of the many great things about Hawk Spain.
Mom My great, Please do no worries at all. Starmer's
in Europe talking about NATO, talking about planes, talking about war.

(01:13:05):
Back home, he's got a revolt on his hands over
welfare and it's big trouble. So we'll get the details
from Rod Little when we go to Britain directly after
the News, which is next under Mike Husking brickst.

Speaker 1 (01:13:25):
The Breakfast Show, Kiwi's Trust to stay in the know,
The Mike Hosking Breakfast with the Defender Doctor the most
powerful Defender ever made, and news Togs dead be getting.

Speaker 2 (01:13:35):
Too I was just thinking back to Nicola Willis this
morning and the various issues that we raised with her.
But there was a release under the Official Information Act
yesterday of some correspondents that Christian Hawksby, who's the villa
and governor at the Reserve Bank, wrote back to her.
She's in a battle with the Reserve Bank at the
moment over the capital funding and the amount of money
you have to put aside for the retail banks and
she wants less of it and they need to have it,
and there's a review currently, but Hawksby's arguing against it,

(01:13:59):
which is not surprise him because he was Deputy under
Or and Ore was all over it. But I'll come
to that later of ar get time. But so between
the banks that she's going to fix and the supermarkets
she's going to fix, and the RB which she's allegedly
going to fix, and that's before we get to today's scandal,
she's busy twenty three minutes away from.

Speaker 12 (01:14:17):
Nine International Correspondence with ends an eye insurance peace of
mind for New Zealand Business.

Speaker 2 (01:14:25):
Britain immediately Rodert Little as well as morning.

Speaker 8 (01:14:27):
Mate, good morning to you mate.

Speaker 2 (01:14:29):
I do want to get to Keir Starmer and NATO
and all this this this seeming, this hyperbole about you.
You're going to war at any moment, will need some
nuclear jets. But first of all, while he's sitting there
in Europe at the moment it seems to be the
number around the welfare debate in the so called revolt grows.
Is he in real trouble here?

Speaker 8 (01:14:46):
Yes he is. He's in trouble ab loosing the vote.
There are at least one hundred and twenty labor MPs
who are threatening to rebel. Now you might assume that
some of those can be talked round, but the trouble
is a t sectuary has always has been over the
last few weeks in the direction of more complaints rather
than fewer. And he's got a real problem on his hands.

(01:15:10):
And then the alternatives. He could kick the debate down
the road into autumn we are coming to the end
of the parliamentary term of the year, or he could concede,
or he could plow ahead and risk defeat. It's not easy,
and there's some very very angry people, particularly amongst those

(01:15:32):
labor MPs elected on perhaps very slim margins, indeed who
reckon they're only going to be there for four or
five years anyway, So why not complain? Why not cause trouble?

Speaker 2 (01:15:43):
This was always going to be the problem with a
large caucus, wasn't it.

Speaker 8 (01:15:46):
Yeah it was, Yes, it was. And it's also always
going to be a problem with a labor party which
is elected to look after the poorest, even if it
doesn't immediately picking on the very poorest in society penalize
that being said, you know, there is a five billion
quids worth of welfare exactly, it doesn't even touch the size,

(01:16:07):
you know.

Speaker 9 (01:16:08):
Well, that's what I want.

Speaker 2 (01:16:10):
To know from the one twenty. Do they say, look,
we'll find them five billiona elsewhere and here are my ideas,
or do they just say the rich, Yeah, that's.

Speaker 8 (01:16:19):
All they say. That's all they say. It's the answer
to everything.

Speaker 2 (01:16:23):
Right but.

Speaker 8 (01:16:25):
Left in the country.

Speaker 2 (01:16:26):
No exactly. But from his point of view, Starmer's point
of view, politically among the public, is he doing the
right thing and they're out of step?

Speaker 8 (01:16:36):
I don't think. Well, I don't know the answer. The
honest answer is I don't know. It isn't a massive
public issue in the way that immigration is, for example,
in a way that the winter fuel payments were. I
don't think that either it's the same residence as either

(01:16:57):
of those. So my guess is a temptoe will be
that he will climb down a little bit. But how
much you know, five billion pound cuts end up being
two billion found cuts. How is she going to pay
for everything else, such as our brand new, spanking nuclear
jets to bomb everyone with AH.

Speaker 2 (01:17:13):
Which brings me to NATO and so uk must prepare
for the war scenario. It's is this any and you
are buying these these these jets that can carry don't
have to but can twelve new fighter jets. Is there
an alarmism about what we're hearing at the moment.

Speaker 8 (01:17:32):
Yes, you could call it alarmism, you could call it realism.
I suppose we are you know where we are with
Ukraine and Russia. There's also problems with Iran, and there
is the distinct possibility, even though this was a successful
NATO meeting and Trump seemed very happy and pleased with
what have been agreed, that that NATO really is going

(01:17:55):
to be without the USA, which will do what it
wants when it wants, regardless one anyone else wants. So
there is a feeling that we're more on our own
now and that times are more dangerous than they've been
for perhaps I don't know, forty years. I would guess.

Speaker 2 (01:18:09):
When we talked on Tuesday, we were busy discussing the
Palestine Action Group and the head of the police was
exasperated of what he could or couldn't do. Where are
we at with them?

Speaker 8 (01:18:18):
Well, they have now been listed as a terrorist organization,
but there is still a large trump of people in
the country, including eleven MPs who were saying they stand
with Palestine Action. That includes several labor MPs and formal
labor EMPs such as Jeremy Corby Diyan Abbott. Usual suspects,

(01:18:40):
you might say, a woman called Zara Sultana who has
said that she stands with Palestine Action, which would of
course be breaking the law if they were a terrorist group,
as well as Pritcomery and Green MPs, and indeed a
voice from the Crypt, one of Tony Player's former advisors

(01:19:03):
has come up and said that he doesn't think that
the prescribing the Palestine Action is the right thing to do.
So there is going to be a debate over this,
but I think the vast majority of the public is
on the side, is on the side of Kirstarma on

(01:19:26):
this and not on the side of that. Blair advisor,
Lord Falconer.

Speaker 2 (01:19:29):
Nice to talk to you, Rod. We'll see you next week,
Rod Little Tuesdays and Thursdays. If thirty five Ay's They
are these jets, twelve of them equipped with nuclear bombs.
They don't have to carry nuclear bombs, they can carry
regular bombs. But nevertheless they've they're going to be part
of the NATO force. They've also confirmed the five percent
this morning, as we heard from the Kiyostarma earlier on
in the program. But this talk about war in Britain.

(01:19:52):
UK must actively prepare for the possibility of the UK
coming under direct threat, potentially in a wartime scenario, call
for in all of society effort to make the UK
more secure, adding the country would have to pull together.
They'd have to pull together. This is the Cabinet Office
minutes ago called Pat McFadden strategy offered a plan that

(01:20:13):
is both clear eyed and hard edged about the challenges
we face that real Lamas of seventeen to two.

Speaker 1 (01:20:21):
The Hike Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks, a.

Speaker 2 (01:20:26):
B bulting away from nine Microme wasn't built in today.
What the government inherited is going to take time to
fix the shambles. No need to get off your high
horse just yet. I'm not sure that's grammatically correct, but
I know what you're saying. A similar line. You got
to admire the intention of Willis Stafford Stanford and Bishop
at Hell and try to address and or change things
they consider in the country's best interest. Unfortunately, you can't
change overnight the attitudes of all those well and sconced

(01:20:48):
bureaucrats who've been indoctrinated by six years the previous administration.
This is starting to be an old argument. I've got
sympathy with it, but if you look at the polls,
a lot of people don't. And that's your philosophy versus
urraal politic. There's no point in you and I are
sitting here going yeah, that makes sense when the polls
say what the Poles say. All the Poles at the
moment do have the government returning, but it's tight and national,

(01:21:12):
particularly in trouble, and the Prime Minister in trouble as well,
and the IPSOS issues poll I think that'll change. I
mean it's too weird for words. I mean labor not
that it's their fault. You don't have policies in the
year before an election year. But they have no policies. Therefore,
you can't possibly conclude that they would be better at
seventeen of the twenty issues because you don't know what
they would do. So therefore, in that sense it's null

(01:21:33):
and void. However, it does provide a perception, and the
perception is growing, and this is where the alarmism needs
to enter the behire fairly quickly. The perception is growing
that these guys do a lot of talking, and some
of the stuff they're doing work. So I mean, just
little things pseudo effortrine, fantastic about time, common sense, melatonin,

(01:21:54):
nice and simple about time, common sense. But hold on
speed limits, road cones. We're still talking about that, Maori funding.
We're still talking about it. You know, it's whack a mole.
You said you would, You said you would, said somebody
in the news. How many letters does Niicola will just
want to write about the supermarkets? I mean, surely he
gets boring after while writing letters. Do something. If you've
got some magic for supermarkets, do it. If you've got

(01:22:14):
some magic for the banks, do it. If you've got
something you want to get done at the RB do it,
don't talk about it, don't write letters, don't threaten, don't
wag your finger.

Speaker 1 (01:22:23):
Do it.

Speaker 2 (01:22:24):
And that's what people, I think elected them to do.
Then we come to the Middle East where we have
a plane there, they seem reluctant to tell us what
the plane is doing. As reading in Australia, the Australian
plane went in land, had got some Australians and flew
home again. I don't know why it's so secret here anyway,
turns out no one wants to leave, which then begs
the question why do we send the plane. So this

(01:22:48):
is Israel. M Fat said yesterday they are not receiving
requests from New Zealanders to depart. Now that doesn't surprise me.
If you've set up a life in Israel, and you're
living in Israel, and you've made your own decisions as
to why you want to live in that particular part
of the world, things team to have settled down as
quickly as they fired up. And if you don't want
to come back to New Zealand, you don't want to
come back to New Zealand. We got one hundred and

(01:23:08):
thirty nine in Iran. Apparently in one hundred and ten
registered in Israel, but no one's to go, So I'm interested.
Did we send a plane for no particular reason? Eleven
away from nine.

Speaker 1 (01:23:17):
The make Hosking Breakfast with a Vida Retirement Communities News
Togsdad Be Mike.

Speaker 2 (01:23:23):
As much as I want to see things change faster,
I can't help but think the past government did their
changes over two consecutive terms. So maybe it's easy, not
so easy to reve it that's true. All I'm arguing
is that an election which comes around every three years,
as a first time government, you don't want to go
back to the people and go, look, give us more time,
give us more time, give us more time. It was
more complicated than we thought. That's a weaker argument than go, hey,

(01:23:44):
there's what we did. See that and that, and that's
what they're facing. Is Miami point. Christian hawks be back
to him and Nicola's problem with the Reserve Bank official
memo to the Finance Minister. He says this around about
what the capital required by retail banks is and whether
or not that makes lending in this country more expensive
some commentators, writes Christian Turniicola suggests that our requirements are

(01:24:08):
not in line with international norms. For example, S and
p AS and the Ratings Agency sometimes cited as stating
that we have the most restrictive settings in the world.
We consider this to be incorrect, as they are comparing
our total capital requirements where a subcomponent of other countries' requirements.
Retail banks in New Zealand were well advanced in their
plans to meet the new requirements. It would mean greater
risk of bank failure. Now, this is the whole point

(01:24:29):
of all these people holding money or and obviously hawksby thought,
rightly or wrongly, I argue wrongly that somehow our banks
are at risk of falling over. Surely the GFC, surely
the COVID period are two of the best possible examples
you would want. That our banks not only didn't fall over,
but they boomed, so therefore the chances of a bank

(01:24:50):
falling over is about zero. It would mean greater risk
of a bank failure, increasing the risks that the economic
and social costs associated with banking failures would fall on
New Zealand households and bus businesses. That's an alarmist view
of the world. And if I was willis I'd do
something about it. I'll tell you what. If I was Willis,
i'd write a letter. Tesla sales out this morning. By

(01:25:11):
the way, I didn't raise this with James Mayer's tempted though.
Tesla sales out this morning in Europe just down the
twenty eight percent on the year. Chinese manufacturer is not
having quite the same problem. They're up again, and those
sales are down for the fifth month in a row.
One thing I did, and I will talk about with
James of Eve comes to the studio when he's here
in August, is because he said he had a Tesla.

Speaker 7 (01:25:32):
Is.

Speaker 2 (01:25:32):
I still haven't been able to get my head around
the idea that you would buy a car based on
who owns the company and runs the company. It's the
weirdest thing because you're not buying a Tesla now because
you had you hate Elon? Tell me who runs I
don't know Hyundai? Are you buying a Hundo because of
who runs you don't even know? Or Toyota or Nissen
or any Can you name the head of any car
company anywhere in the world outside of Elon? And you

(01:25:54):
don't buy a car or not buy a car because
of who runs a company or their corporate culture or
anything to do with it. What you do is you
buy it because it might look good and go broom.
And it's read five minutes away from nine.

Speaker 1 (01:26:05):
Trending now with Chemist's Warehouse the Real House of Vitamins.

Speaker 2 (01:26:10):
So JD's out as advance and he's at a dinner
Republican party dinner in Ohio, and he's trying to tell
a he's trying to show a different side to Trump,
and so he's been JD sitting beside Trump when he's
on the phone. So so he is JD's little story
of his good buddy Dawn.

Speaker 14 (01:26:29):
And the President looks over at me, puts the foreign
leader on mute and says this is not going very well,
and he presses the red button and and my eyes
get really big, and I'm like, mister President, you know
what what just happened?

Speaker 4 (01:26:45):
And he's he looks at me and he goes nuclear.

Speaker 1 (01:26:50):
Clear.

Speaker 4 (01:26:52):
And two minutes later.

Speaker 14 (01:26:53):
A guy walks in with the diet coke and he
looks back at me and he.

Speaker 4 (01:26:56):
Says, it wasn't nuclear, It's just the diet coke button.

Speaker 2 (01:26:59):
And that's.

Speaker 8 (01:27:04):
So that's the.

Speaker 9 (01:27:05):
Kind of guy.

Speaker 14 (01:27:05):
My fellow Republicans that we have as the president of
the United.

Speaker 2 (01:27:09):
States, and they presumably let that up and loved it
until it was fantastic. Who is Lara So Lara Trump
is the wife of one of them, and I can't
work out who had wife of Eric. Anyway, I saw
her yesterday. She's got a cooking show on Fox. Now

(01:27:30):
I'm thinking what happened there? So she was trying to
split and she said with her manicured fingers in her
large diamonds on her hands, oh, it's been a while,
as she tried to split open a vanilla pod.

Speaker 6 (01:27:42):
And we were doing pilates on Fox.

Speaker 2 (01:27:44):
Well, this is like I mean, I mean, you're watching pilates,
I'm watching the cooking. But Lara Trump's got a good
job on Fox. And she didn't look All I'm saying
is she didn't look comfortable in the kitchen. When she
said it had been a while, I took it to
mean she didn't even know what room she was in
and she didn't recognize it because there are people in
her life that do that stuff in that room. But anyway,

(01:28:05):
God bless.

Speaker 7 (01:28:05):
Her and good life.

Speaker 2 (01:28:06):
Back tomorrow morning from six Happy Days, she said this.

Speaker 1 (01:28:11):
Lafey forever and so he's to get through them.

Speaker 9 (01:28:15):
Let'st be it over.

Speaker 1 (01:28:17):
We Could Dance.

Speaker 18 (01:28:18):
We Could Dance on nine.

Speaker 1 (01:28:21):
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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