Full Show Podcast: 02 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're trusted home for news, Sport, Entertainment, opinion and Mike
the Mic asking Breakfast with a Veda, Retirement, Communities, Life
Your Way, News, Togsdad.

Speaker 2 (00:12):
B Well you welcome to our new moves and social
housing as money deals to struck with banks. Speaking of
House's new statu show the market is moving on the up.
We talked to the new pharmac CEO, the R three
sixty Rugby. This is the one out of Saudi seems real.
The player raid is on Mardia limbsback in for a
catch up after eight jos and Italy and de Brady
does the UK asking welcome to Thursday seven past six.

(00:34):
Now forget the detail of the power reforms we dealt
with them yesterday. Let's deal with the politics of this
and a habit the government has that is hurting them.
There's a pattern here. The patterns the government tell us
there's something wrong. Could be banks, could be supermarkets, could
be power companies, could be airlines. The last government had
the same problem they took on petrol stations. The concern
is partially real. It's real because one there might be,
you know, bits and pieces of the sector that could

(00:56):
do with some tightening. Or tidying, and two thres almost
always consume concerned. Now, the consumer angst is part of
the problem, because the consumer will always see a problem,
whether there is one or not. That's why lazy journalists
do vox pops. Is butter too expensive? The answer will
always be yes. Doesn't mean that's a problem the government
can solve. So having stated the problem, you've then created
the expectation that you will do something about it. Trouble

(01:18):
with yesterday's power deal was the obligatory report suggested more
than actually eventuated by the time they got around making
a final decision. Hence the reputation and the reputation is
of a government that talks a lot, does a lot,
but the lot doesn't amount to much. Yesterday was your
classic example. The EA gets clearer writing instructions big deal.
The industry had a perception removed that the government don't

(01:40):
want to get into big projects. While a phone call
would have sorted that one, I would have thought, we
are to import in several years some LPG great. Nothing
wrong with any of that, and it would have landed
well if they hadn't given you the sense that reform
capital letters was on the way. Personally I've never thought
the industry is that broken. I mean labor and the
oil and gas debarkle for several years while we wait

(02:01):
for the windmills. But at Coldbridge is that gap. Like
butter and indeed airlines, there is generally logic as to
why things are the way they are. The report fell flat,
not because what was in it made no sense or
hurt an industry, but because it had a is that
it kind of feel about it, and it had that
feel about it because the government haven't worked out the
balance between hype and reality of their passion projects. Where

(02:25):
trouble sits allegedly banks, airlines, supermarkets, or power, namely the
one that materially is different because of what they did,
not what they said politically, that's their failing.

Speaker 3 (02:39):
News of the world. In ninety seconds, you.

Speaker 2 (02:41):
Were shutdowns on The next bit is the game of blame?
Does this look partisan?

Speaker 4 (02:48):
Does this look dirty to you?

Speaker 5 (02:51):
Twenty four pages to fund the government, nothing more, nothing laws,
nothing else.

Speaker 2 (02:57):
Chuck. It was in the meeting with Trump. Look up
the photo. By the way, if you haven't seen that,
the Trump twenty twenty eight hits are really funny. Anyway,
you know who he blames.

Speaker 6 (03:03):
The Republicans thought that they could barrel us into a
shutdown because they didn't want to protect the healthcare of
the American people.

Speaker 3 (03:13):
Well now they've seen they can't bully us.

Speaker 2 (03:16):
A few hours up the road in New York, we
got a building collapse in the Bronx.

Speaker 7 (03:19):
This time, we have no loss of life or no injuries.
Frosty's finders quickly arrived on the scene and investigation is
currently under way to determine the cause of the incident.
We're still investigating to make that determination.

Speaker 2 (03:33):
Then and broken a couple of things both from courts.
One the creeps from the Rochdale grooming gang got sentence
which will hopefully bring some form of closure for the victims.

Speaker 8 (03:41):
Both women not only gave evidence during the trial, but
have assisted the court further by providing victim personal statements
describing in tragic detail the trauma they have parage for decades.

Speaker 2 (03:52):
And Baroni is mine Michelle Mohne, who got her not
for services to lingerie. You can't make that up anyway.
She provided Dodgy ppe Ppe gear to the hospitals during COVID,
so the court is making her play one hundred and
twenty million quid Chancellor Thrill.

Speaker 9 (04:06):
The previous government gave out contracts through a vip lane,
which we were very critical of at the time, and
the ppe provided by that company was not up to
the standards, and that's why we have pursued this in
the courts to get the money back.

Speaker 2 (04:22):
Now the problem is moans appear and Rachel, as much
as she would like to, would like to get rid
of her peerage, but I don't think she can. We'll
talk to Indre about that later. In all sorts of
upset in Hollywood, of course over Tilly, Nor would Tilly's
in thespiring actress, except she isn't. She's AI.

Speaker 10 (04:36):
We have to protect what we look like, not just actors,
but we have to protect our faces, our voices from
anyone taking them and using them in whatever way they wish.

Speaker 2 (04:47):
Emily Blunts particularly exercise letters News of the World in
ninety loss at the Supreme Court for Trump. Lisa Cook,
who's the Fed Governor. She remains in her job until
they can do oral arguments in January, so that hasn't
gone well. Also overnight, interestingly, we don't know why the
bloke that Trump nominated to hit the Bureau of Labor statistics,
E J and Tony. He's pulled the nomination. A lot

(05:10):
of people said, this guy doesn't have a clue what
he's doing. He's not remotely qualified, so that might have
something to do with it, but the White House has
not given a reason for it. Twelve past six.

Speaker 1 (05:19):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 11 (05:24):
Talks EB.

Speaker 2 (05:26):
From our Fun Numbers Game, I can tell you this
morning that in video yesterday crashed through four and a
half trillion by way of a market cap, And it
seemed like just a couple of weeks ago we were
getting excited that three million was the thing. Now it's
four and a half, just like that six fifteen. He
gets a business, I'm sure in partners this Thursday morning.
Andrew Callahan, good morning, yeah, very good morning. Right, building consents,

(05:47):
are we building a hammers swinging?

Speaker 11 (05:49):
Well? Well they are.

Speaker 12 (05:51):
I see catality of release their latest property sort of
residential property figures and the house sprice is still going
pretty much nowhere.

Speaker 11 (05:58):
But if you're channeling the glass half.

Speaker 12 (06:00):
Full starting position, which I suggest we need to do
if we're going to go anywhere in twenty twenty six,
I think I should suggest that we recognize that the
residential sector sort of in a number of senses.

Speaker 11 (06:13):
Is stable, Mike. And stable is.

Speaker 12 (06:15):
Good because predictable is good. It creates dependable expectations, doesn't it.
And I think that characterization is very appropriate for the
building consent number. So the number of consents gives basically,
it gives visibility and predictability to what's going to happen
in residential construction in the months ahead, because he can't build,
at least legally without a consent. So yet another case

(06:36):
here of sort of building the base, mic building the base.
For twenty twenty six and the twelve months to the
end of August twenty twenty five, thirty four thousand and
seventy eight new homes were consented. So that's a one
point three increase on the twelve months to August twenty
twenty four, still massively down, of course, on the crazy
times of twenty one and twenty two. That small up

(07:00):
driven by multi unit developments in Auckland and Otago. We
know that sort of day are lumpy and they come
and go. But August twenty five was notably better than
August twenty four. But Mike, what's really striking to me
is just how consistent these numbers have become. If I
look at the twelve month rolling total, it's been sitting

(07:20):
between thirty three thousand and thirty four thousand since.

Speaker 11 (07:23):
June or July of last year, so it's just rock solid.

Speaker 12 (07:27):
And if I look at the season the adjusted monthly numbers,
they have been sitting so for month to month, been
sitting between two and a half thousand and three thousand
since the middle of twenty twenty three, So that's almost
two years where the numbers just stayed completely stable. Now,
if I look at the two regions that kept that
number up Auckland fourteen and half thousand pretty much or

(07:47):
sort of roughly homes consented in the twelve months, that's
up five and a half per five point four percent.

Speaker 11 (07:52):
The Tager is up sixteen percent. I don't know what's
going on.

Speaker 2 (07:54):
In Central Attager. Is that Duneedin or Central Attager.

Speaker 11 (07:58):
That will include the Central Lakes district? I guess, So
I guess that's where you get the lift.

Speaker 12 (08:03):
That's where you're getting the lift, isn't it, because it's
in that Central Lakes area?

Speaker 11 (08:06):
But I think what would happen?

Speaker 12 (08:08):
What does happen here, Mike, is that that stability that
we're seeing will mean that the construction sector will be
it will be right sizing, it will be adjusting. I
suppose to that very stable consistent demand. So in other words,
you've got predictability.

Speaker 2 (08:23):
And that's good, okay. And then we come to the
power reform of certainly the share market light it.

Speaker 11 (08:28):
Well, it did and in sort of places.

Speaker 12 (08:32):
I'm assuming that you'll have plenty of country on this today,
so we'll keep it at a pretty high level.

Speaker 11 (08:36):
Quick look at those market reactions.

Speaker 12 (08:37):
The main recommendations, so these are for listeners out there,
if you're having that water coller or coffee conversation.

Speaker 11 (08:43):
Here we go.

Speaker 12 (08:43):
We're trying to keep those listeners well informed. Bike And
here's the here's the main guts of it. An energy
import terminal bring stuff into the country. The government will
start a formal procurement process. They're prepared to underwrite a
small scale import facility. Mars and Point and Taranaki are
being talked about. There government participation in any capital race
by the gentails where they already have a stake. So

(09:06):
a reminder, the government owns states and some of these
gentiles except Contact. I guess there's been some uncertainty over
what it's long term intentions are. They're basically putting a
foot in the ground. They will say a stake in
the ground, say they will maintain their current position, removes
some uncertainty. They will use what they've got as government
ENERGYMND to potentially sign long term purchase agreements. This happens

(09:28):
in other countries as well. They're using their suggesting stronger
powers for the electricity authority, and the one that.

Speaker 11 (09:34):
Hasn't got a lot of got a lot of press.
They're going to what they say they're going to.

Speaker 12 (09:38):
Try and boost the electricity distribution businesses efficiency.

Speaker 11 (09:42):
These are the lines companies now.

Speaker 12 (09:44):
The Frontier report actually recommended quite a lot more drastic reaction.

Speaker 11 (09:47):
There's twenty nine of these.

Speaker 12 (09:49):
They're saying this should be less so the market reaction
might positive, but not massive.

Speaker 11 (09:54):
Meridian the most positive reaction, up four point sixte percent.
That's a good move.

Speaker 12 (09:57):
Contact point eight eight percent, up one point three five,
Genesis two point one three percent. I would make the
comment like this is this doesn't feel transformative, does it.

Speaker 11 (10:08):
It's because I'm trying to find a sort of a
word for it. I see the words being used a
bit in the press. Incremental.

Speaker 12 (10:14):
I think that's a good description methodical, But it doesn't
feel earth shatteringly different, does it.

Speaker 2 (10:20):
No, it doesn't, and that's because it doesn't. We'll talk
to Mercury shortly. Give me the numbers.

Speaker 12 (10:24):
Yeah, our US government shut down. We four warned this yesterday,
so there was some jobs. I'm so it's talking very
unlikely that we'll get non fun pay rolls. I think
they've furloughed everybody at the Bureau of Labors except one person,
so he'd be a busy boy or she or she
would be a busy boy.

Speaker 11 (10:38):
Tran to release those numbers.

Speaker 12 (10:39):
The Dale Jones forty six thy four hundred and one,
it's up four points stable. The S and P five
hundred and sixty six nine eight it's up ten points
zero point one five percent stable. Then as that twenty
two thousand, seven hundred and thirty four, it's up a
third of a percent, so that's good.

Speaker 11 (10:55):
The Forts one hundred gained over one percent overnight, so strong.
They're nine four four six.

Speaker 12 (10:59):
The close nick A fell point eighty five percent. The
Shanghai composite up half a percent three eight eight two
the A six two hundred down three points yesterday, eight
eighty four five in his next fifty because that strong
move on Meridian up one point.

Speaker 11 (11:14):
Seven percent, thirty thousand, four hundred and thirty.

Speaker 12 (11:16):
Three key we dollar point five to eighty one three
against the US, point eight seven nine, eight point four
ninety six against the Euro, eight sevent nine against the
Ossie of course, point four to three one five against
the pound, eighty five point five four Japanese.

Speaker 11 (11:27):
Yeah, gold still strong. Three thousand, eight hundred and seventy
one dollars. You're like this one. They might be sixty
five dollars and sixty one cents for Brent.

Speaker 2 (11:34):
Crude, take it, take it all day long. Andrew Keller
has Sure and partners. Ski Ford had a good time.
Sales up eight point two percent four q three, lot
of bvs there, but they're front loading the sales because
of course the seven and a half thousand dollars subsidy
has gone. But the rest of the car sold were
f one fifties, because that's what Americans like. Nike. They
had a reasonable result. I mean, it wasn't that good,

(11:54):
but it was better than everyone thought, so they thought,
oh sure. Anyway, they're part of a turnaround because Nike
ain't what it used to be in North America are
up significantly, but they're down in China significantly. So at
all balances out sex twenty one and a half, you're
at Newstalks EDB.

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

Speaker 2 (12:17):
EDB tell you who is doing well at the moment
of Spain Because Fitch, Moody's, Nests and p all raise
their assessments of Spain. Favorable growth, labor market improvements, madridis booming,
foreign investments booming, immigrations booming. The Central Bank recently upgraded
their twenty five growth forecaster Fitch have gone from A
minus to A Productivity gains, moderate wage growth, low energy prices.

(12:42):
Expect Spain's economy to remain resilient, limit exposure to US tariffs,
ongoing net external deliveraging. The only thing they don't like
as tourism, which is also booming, and of course the
locals don't like tourists. But Peez Spain seems to be
the place six twenty.

Speaker 3 (12:55):
Five trending now with chemist ware house things every day.

Speaker 2 (13:01):
By the way, vance and leave at are briefing America
currently on the shutdown. But given it shut down, there's
nothing much to brief you on apart from the fact
it's shut down and there's you know, there will be
some finger wagging, so I can't be bothered bringing that
to you. Bit if it changes all that you know. Later,
series of Reluctant Traveler I Love It dropped on Apple
season three. This is Eugene Levy, less reluctant these days.

(13:22):
He almost seems like an enthusiastic traveler anyway. This particular
series is about a bucket list. He's drawn up a
bucket list of crazy stuff you want to do before
you kick the bucket. So India's featured, Mexico's featured, and
then living like a royal. This is the one that's
got all the noise. Of course, enter Prince William, whose
presence on the show is being promotionally milk for all
that's worth.

Speaker 11 (13:41):
Do you measu your grandmother?

Speaker 13 (13:43):
I do, Actually I do miss for my grandmother and
my grandfather. Yeah, it's been quite bit a change, so
you do sort of you think about them not being
here anymore, and particularly being a Windsor for me. Windsor
is hurt, so she loved it here. She spent most
of her time here. Showing you around today is very
much case. I'm trying to make sure I'm doing it
the way she'd want you to say. This shad a
horses here as well as you imagine, was a big
deal for her, so that's why she loved it her.

Speaker 2 (14:05):
Well, they can't work out because I haven't seen it,
because it hasn't dropped yet. It drops tomorrow. Is either
William is enamored with Levy, hence he's been because the
primos on this have been extraordinary, particularly in Britain. He's
talked in a way he's never talked before. So either
Levy's a genius, or William had a couple of beers
with him and got a bit pissed and told too
many stories. Anyway, the thing seems amazing. So the series

(14:27):
is out on Apple or a first few episodes are
it's eight episodes and tital beautifully shot. The whole series
is beautifully shot because they've got a big budget for
that stuff. And Eugene Levy, by the way, who's seventy eight,
he's the epitome of living well. I mean, that's a
guy if you want to aspire to be living well
at the age of seventy eight. Look at Eugene Levy.
That Royal episode, as I say, is out tomorrow. Well,

(14:48):
they say Friday could be America's Friday cause he said that.
Who knows. So the Power Reforms Mercury, they're one of
the big players in the market. They're one of the
gen Taylor's. They're one of the people who apparently were
blocked by the government from doing anything. That's all changed
as a result of yesterday's announcement. Is any of that true?
We talked to them next.

Speaker 1 (15:05):
The newsmakers and the personalities, the big names. Talk to
Mike the Mic asking breakfast with the land Rover, Defender,
embrace the impossible news, togs dead be.

Speaker 2 (15:15):
There are some original elections in Italy at the moment
which are testing Maloney's popularity, or there is a test
of them, so we'll get some details on. That's where
you're with Joe shortly, and of course all the EU
heads are a meeting and ten market ansting about rushing
it again, so more shortly twenty three minutes away from
seven back here though, there's Power Reform. Where do we
land Yesterday? Where we seemed reaction wise to get everything
from it was missed opportunity through to it being bold

(15:37):
the go ahead for three big gent tailors to raise
capital for projects. We got some LPG importation, eventually some
more powers for the electricity authority. Ste Hamilton is the
Mercury Energy boss and is with us Stue morning. Out
of ten ten they couldn't have done more one they
barely touched the sides. What do you give it?

Speaker 14 (15:55):
I think generally the intent is good, like it's covering
the key things around secure already of supply and creme
transparency in the market. It was a pretty extensive investigation
that took place, and it considered a massively wide range
of factors, but ultimately comes back to saying, look, the
market is working pretty well at building projects. It really

(16:16):
needs to focus more on delivering firming Okay.

Speaker 2 (16:19):
Clarity is what the business community seemed to suggest came
out of that, is that some of the subtlety in
the announcement yesterday that the wider public or the media
might have missed. In other words, what you wanted from
the government was some roadscape and that's what you got.

Speaker 14 (16:34):
Yes, I think that's right. Actually, I think we've got
some form of clarity it now lets us continue to
keep building at pace, and actually we're now building at
twenty five percent faster than during the Think Big period,
so that puts things into context, and actually delivering in
the last eighteen months more power projects than we did
in the previous fifteen years. So we're on the right track.

(16:55):
Now we've got some clarity just to keep going and
investing in those right things.

Speaker 2 (16:59):
Which makes it interesting because their key or their signature
piece yesterday was apparently you guys of which you are one,
are not doing enough because you thought that they weren't
interested in it. Is any of that true?

Speaker 14 (17:13):
Well, we're actually at the moment we're investing one billion
dollars into project, so certainly it's not something that we initiated.
We the focus on continue to invest, but we've got
a strong balance sheet. As I mentioned, we're spending about
a billion dollars at the moment on three power projects.
We've got a really strong Portfoilio ahead of us, and
so for us, we don't really see that as been

(17:34):
a key blocker at the moment. We certainly welcome the
sort of signal to keep investing, but we'll keep going.

Speaker 2 (17:41):
Do you actually need the government? I mean, can you
Can you go out to the marketplace and do your
own thing? And can the other gen tailors as owned
by the government on the shear market, can they do
their own thing? And are they doing their own thing?

Speaker 14 (17:53):
There's two ways you can get money. You can go
out to raise equity, as a government talked about you today.
The other way we can get money is to go
out and raise debt. So go out and get basically
bond holders to give us, give us money. And so
at the moment we've got headroom to keep investing, so
we don't see that as a current blockaut for us
to keep going.

Speaker 2 (18:11):
Yeah. I don't want to get you in trouble the government.
I just can't. What you're telling me is what I thought,
and that is you're doing your own thing. And what
they're trying to explain to the public is that there
was some sort of massive blockage that by making yesterday's
announcement they let you loose. And that doesn't appear to
me to be remotely true.

Speaker 11 (18:28):
Yeah.

Speaker 14 (18:28):
I think in terms of building renewables, we're absolutely getting
on at pace. So the issue probably that really came
out of the report yesterday and the government talked to
was how do we go about building thermal firming or
how do we provide firming?

Speaker 11 (18:40):
And at the.

Speaker 14 (18:41):
Moment that Gen Taylor's and along with the Big Four
have basically worked with Huntley to put in place of
firming option to help with that firming. So there are
a number of options which actually progressing quite well, and
it's just trying to work out what else they could
be to fill that gap. So when the range rain's
not falling, we can cover that drive period.

Speaker 2 (18:58):
No, I get that, but I'm simple man, so let's
keep it simple for everybody. So what we got is
that the oil and gas thing that we all know of.
We shouldn't have done it. But here's where we are.
We've got a gap before the windmills and all the
other stuff comes online, and I understand there's plenty coming
online over a period of time. So the gap has
been filled forget the climate for a moment by the coal.
We've got the coal deal. We're kind of sorted, aren't we.

Speaker 13 (19:20):
Yeah.

Speaker 14 (19:20):
I think we're hitting in the right direction absolutely. I mean,
you see wholesale prices have stabilized. I clearly we want
them to be much bigger than what they are. And
a big part of it as well is that if
you look at a household power bill, is only about
half of the household power bill actually comes from the
generation in retail. So there are other factors that need
to be worked on. But in terms of what's happening
in the oursis industry, I think you're right. We are

(19:43):
building at a good pace. And we keep going at
this rate and we firm it, then things will get
much better.

Speaker 2 (19:48):
The LPG part of that equation is that is that
a biggie As far as.

Speaker 14 (19:51):
You can see, it's going to be challenging. There's been
a number of studies that have taken place to look
at what the options are actually a number of options
that the L and G is one, but there are others,
including the Huntley Fermi option and expanding that. Maybe some
diesel pecking, but we do need some form of firming
support for those tripe periods. But there are other options

(20:14):
in addition to L and G.

Speaker 2 (20:15):
All right, appreciate your insight, Stuart Hamilton. Who is the
firming term? If you're not aware of, it's just that
it's the gap, it's what you need in between what
you want and what you've got so cold the coal
Huntly deal is currently it's so in other words, when
things don't blow and the sun doesn't shine and it
doesn't rain, you fire up the cold. That's firming. Stuart
Hamilton out of Mercury. Let's go to Rome. Shortly eighteen to.

Speaker 1 (20:37):
Two the Mic Hosking Breakfast Full Show podcast on I
Heard Radio powered by News Talks.

Speaker 2 (20:44):
It be if you haven't heard of Happy Pet. Name
sums up the business. Basically, if you've got a pit,
you need to know about Happy Pet's family owned business
which we always lovely based in Wonnakah, which we love
as well. A Happy Pet offers a delicious full range
of natural products. You got your dog chews, your cat treats,
your dog treats, you got pet supplements, all one hundred
percent venison based, by the way, all made in small
factory just outside Wanaka. The dog and cat treats, they

(21:07):
are special for many reasons from now. For a start,
nothing's added, nothing's taken away, which means you pets get
the highest level of nutritional goodness and you get incredible
value for money. So the Wanaka connection is super important
too because you've got your clean mountaineer being perfect for
the cold drying Happy Pets, Venison treats and chooday love
them cold drying. It retains that gamey flavor and smell
and texture of the real deal, which the pets lap

(21:29):
up of course, So give Happy Pet to go. You
can find them at your favorite pet store. Happy Pet
can be delivered to your door direct from Beautiful Wanaka
and you go to Happy Pet dot Co dot inzet
simple as that Happy Pet dot co dot inz. You
go and treat them with happiness and one hundred percent
venison treats at Happy Pet dot co dot in z
very Goan News got a nice email yesterday. I remember

(21:50):
I told you about the Starship Supercar show a couple
of weeks ago at Giltraps and Auckland. A lot of
people came in from around the country given the school
holidays and all the money raised going to Starship Foundation.
And for this year they raised two hundred and thirty
two thousand dollars. So well done if you went along
and you made a contribution two hundred and thirty two
thousand dollars. So since twenty one they've had three shows
they've raised six hundred and thirty five thousand dollars. Not bad.

(22:13):
A fourteen to.

Speaker 15 (22:14):
Two international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (22:20):
Bie Time joined the Keenna Morning.

Speaker 16 (22:23):
Good money made now just.

Speaker 2 (22:24):
I was reading about this the other day, so do
do correct me if I've cocked this up. But the
regional elections, I think there are seven this year regions
and Lamark I might have been the main one because
that tests Maloney. Maloney wanted to do well and I
think she has. Am I correct ish.

Speaker 17 (22:40):
She has done well. I'm not sure if there are
seven this year. I know we've had the Mark election,
We've got Umbria, Umbria and Sardinia was last year, and
we've got a couple coming up in Colubria and Tuscany.
But anyway, she's done really well in Markee, that's considered
really a bell weather, a lot of support for Maloney
in that region and the regional governor there, Francesco A. Coroli,

(23:05):
from her party, was re elected with fifty two percent
of the vote. It's good news for Maloney as she
comes up to her third anniversary.

Speaker 2 (23:12):
So how regional is that? Would you have expected her
to do well there or does this suggestion's traveling well nationally.

Speaker 17 (23:20):
Look, I think she's always had very strong support in
that region, and at the same time, I think there's
still quite a lot of support for her nationwide. Her
Brother's of Italy party governs fourteen of Italy's twenty regions
and is certainly easily the most popular party in the country.

Speaker 2 (23:37):
Right now, we're into local body elections at the moment
in New Zealand and no one's turning up. Does anyone
turn up? In Italy?

Speaker 17 (23:44):
I think they had about fifty percent of a turnout,
which wasn't that impressive.

Speaker 2 (23:50):
Woh, that's interesting. We've got currently we're running at about
ten so, oh, okay, well done. You Now this Denmark thing,
is anything material going to come out of it? Or
we just gathered around for another meeting.

Speaker 16 (24:05):
It's hard to say.

Speaker 17 (24:06):
I think it's important to note a sense of panic
among some of the leaders, and we've certainly seen that
from the Danish Prime Minister Meta Frederickson, worried about these
drone attacks apparently coming from Russia inside Denmark. The Prime
Minister Georgia Maloney says, don't react to provocations. We need

(24:26):
to build up our defense, remember though NATO is such
a huge.

Speaker 16 (24:31):
Area, and don't forget us on the southern.

Speaker 2 (24:33):
Side, okay, because he says Frederickson says, we need a
very strong answer back. And I just wonder how many
meetings you have before there is a strong answer back
as opposed to just yet another meeting.

Speaker 16 (24:42):
But we may not see a response.

Speaker 17 (24:46):
But I think all of them are taking this as
a note to really do something more quickly about building
up defense. And that's the message we're getting from the
Italian Defense Minister Guido Crosseto.

Speaker 16 (24:56):
Italy is not prepared. They need to do more.

Speaker 2 (24:58):
Okay. I know that, Maloney, you're speaking out about this
flotilla as they head towards Gaza, as she particularly worried
about Greta, is she?

Speaker 17 (25:05):
I think she's worried about obviously some sort of violent
incident tonight. We're seeing reports that there's some kind of
state of emergency on board. As Israeli ships are now
approaching this flotilla, the Turkish navy apparently has intervened and
removed eleven Turkish activists from the flotilla. And as we
edge closer to Gaza, the Prime Minister doesn't want to

(25:28):
see anything that's going to provoke any kind of conflict
or threaten the peace proposals coming from the US President
Donald Trump.

Speaker 2 (25:35):
You I'm not surprised, actually speaking, you have fifty percent
turn up to bite. What about the fifty percent of
the pay text. I would have said half of people
paying tax was quite good for Italy given its reputation.

Speaker 16 (25:44):
It's not a good look at the moment.

Speaker 17 (25:46):
I thought that the Italians had done a lot more
to improve the tax collection.

Speaker 16 (25:51):
But the latest figures show that only.

Speaker 17 (25:53):
Half of Italians pay income tax.

Speaker 2 (26:00):
When they legitimately or it should be ninety percent. But
you know, they don't have a system that tracks everybody down.

Speaker 17 (26:07):
Well, I think people are underestimating their income and that's
what gets them through. But now the experts are questioning
that credibility.

Speaker 2 (26:15):
Nice to catch up Joe scene next Thursday. Appreciate it
very much. Joe mckenner out of Rome and Italy the Dutch.
Just while I'm in that particular part of the world,
Zasa Chance. It's famous, very picturesque sort of place. Nobody
lives there. There's got a population of about one hundred people,
but two and a half million people visited every year.
It's got a lot of windmills, very pretty. So they've

(26:37):
started to charge people for that and think that's a
good idea, So about thirty five forty quid to go there.
Most people don't think. Apparently, the tourists don't think because
the population is so small. They think it's just like
a movie set. So they wandering through the gardens and
they walk into people's houses, and they urinate in the gardens,
and they knock on the doors, and they take pictures.
When they use selfie sticks to peek insite the houses,

(26:58):
they're surprises if you low. So the locals are a
bit sick about that, so they start charging people. Nine
away from seven.

Speaker 1 (27:05):
The Lake, locking breakfast with Bailey's real estate news dogs, they'd.

Speaker 2 (27:09):
Be welly, Mike, I can't help but think I'm missing something.
Hopkins and Meghan Wood can obviously see the carnage they've
created by their poor decision to stop gas exploration, Yet
they continue to be belligerent in holding this country to ransom.
No business person would stand by a decision like this,
yet they think it's okay. Graham, I'm not sure that
they are missing something, or you're missing something. It's called politics.
It's not business. Business people own up to poor decisions.

(27:30):
Politicians don't. Necessarily. I noted Megan came out yesterday. You
don't see much of her anymore, do you really? She
came out yesterday and thought one of the things they
could have done is put solar on schools, as though
that's kind of going to materially change the energy landscape
of New Zealand. That's the problem with these people. And
of course they're hiding or they're doing the dirty work
for Jacinda who's left the country of course and left

(27:50):
them to pick up the mess. But you can't. I mean,
what are they going to do other than go, yep,
absolute cock up, sorry about that. And you're never going
to hear that from politicians, are you, by the way,
from Bastards Incorporated? How about Snapchat this morning? If you're
storing photos they call them memories, photos and videos, are
you being able to do that for nothing? Now they're
going to charge you. They get you every which way,

(28:12):
don't they, And then once they've charged you, once they're
going to charge you some more. You watch where this
goes five minutes away from seven, all.

Speaker 15 (28:19):
The ins and the ouse, it's the fizz with business favor,
take your business productivity to the next level.

Speaker 2 (28:26):
Employment hero. This is Global Annual Jobs Reports. So we
got two and a half million employees, three hundred and
fifty thousand businesses around the planet, thirty three percent of venues.
Zealand does now have multiple jobs. The third of us
have multiple jobs more than one job. Makes us the
second highest country for multiple jobs only behind Australia. We're
at thirty four percent, so they're thirty four we're thirty
three of those here, thirty percent, so third of the third.

(28:49):
So they're doing it just to earn enough money. And
is it young, Well sort of, maybe forty seven percent.
So we're down to forty seven percent of the third,
so not a third of the third, but we're a
forty seven percent of the third eighteen to twenty four
year olds. They're working. Mind you, one of our kids
has got four jobs at the moment. And they've got
four jobs. I mean, yes, to make ends meet, because
all young people have jobs to make ends meat obviously,

(29:10):
but four jobs because that's what they want to do
and it gives them variety and flexibility. It's the gig economy.
They said the other day, I am the gig economy,
so they're doing it voluntarily and happily. So so just
because you've got more than one job doesn't automatically dovetailed them.
Is the fact you're miserable because a lot of people aren't. Anyway,
Where was I forty seven percent of eighteen to twenty
fours working your second job for financial reason. That's the

(29:32):
biggest percentage for a group. But they also say twenty
percent of people out of fifty five are working extra jobs.
And if you aren't working your second job, are you
putting an overtime? Forty three percent of us, so we're
working over time to cover living costs. But I mean,
then again, if you're a nurse, do you work over
time because you're desperate? Or do you work over time
because that's the sort of job it is, and you

(29:53):
know the hours are always there and you never get
the job done, and so on and so forth. I
don't know how much use that was. If I was
making a govern and a government announcement on this, I'd ban
these sort of reports and say that that was a
four out of ten in terms of usefulness and in sight.
We're going to meet the new head of FARMAC. The
big turnarounds on She's with us shortly.

Speaker 1 (30:12):
Credible, compelling, the breakfast show you can't best It's the
Mic Hosking Breakfast with Bailey's Real Estate covering all your
real estate needs news togstead be.

Speaker 2 (30:22):
Only seven past seven to the next stage of the
governments social housing approach involves providers being able to borrow
at discounted rates, with the Crown guaranteeing eighty percent of
that money. This involves nine hundred million in total new
lending up eighty million or up to eighty million per provider.
Chris Bishop is Housing Minister, is back with us morning
to you, Good morning. What sort of discount is it
interest rate wise for these people.

Speaker 18 (30:43):
Can be to one hundred and one hundred and fifty
basis points. Well, what which one to do here is
when we do social housing through Kying or Aura, right,
they just borrow through us. So they just borrow it
the low rates that the Crown gets rough that gives
ky or or a competitive advantage because their cost of
borrowing is a lot lower than and community housing providers
like the Salvation Army.

Speaker 19 (31:02):
Right.

Speaker 18 (31:03):
What I'm trying to do is create a housing system
where it doesn't matter who owns. The house could be
ko by either government, could be the sallies, could be
an EWE, could be a whole range of different providers.
Doesn't actually matter who owns it. The key point is
we get new, warm, dry social houses for vulnerable people.
So we've got this loan guarantee working with the banks
on that. We're standing behind a thing called the Community

(31:25):
Housing Funding Agency, which is a separate thing which is
basically a loan aggregator, and we're standing behind that as well,
and that is lowering the cost of borrowing for the
community housing sector. The effect of lowering the cost of
borrowing is actually really good for the Crown because ultimately
we're the funder of all of this stuff in the
first place. So we're getting basically cheaper social housing, cheaper

(31:46):
borrowing and cheaper social housing, which means we can do
more social housing with the same amount of money.

Speaker 2 (31:51):
Where's the risk you carry all of it? Or the banks?
I mean, the banks don't carry any risks, do they,
because you'd tick them off before they came to you,
and therefore they know they're getting the money from you,
so you carry the care I take it.

Speaker 20 (32:01):
Yeah.

Speaker 18 (32:01):
I mean the point that the community has in set
has been making to us for a long time. They've
been complaining about this is that they're basically borrowing on
commercial terms, when in reality they are far sounder propositions
than any other sort of commercial lender, and so it's
taken some time to get the banks around to persuading
them of that point of view. That's why we're doing
the low guarantee scheme as a short term set of

(32:22):
intervention or we sort out the actual funding system. But yeah,
I mean, basically, you're right, we are taking a little
bit of risk, but it's a minimum amount.

Speaker 2 (32:29):
Does it seem to buy people to borrow more, build
more or we don't know.

Speaker 18 (32:35):
It will lower the cost of borrowing for the building
that they're already doing because we've contracted to you.

Speaker 2 (32:40):
That's my point. Will they borrow less to do what
they were doing, or will they borrow more to do more?
If we fund them to do more, then they will.

Speaker 18 (32:48):
And to give you an example in the budget twenty
twenty four, places that we funded that fifteen hundred or so.

Speaker 3 (32:55):
With the lower cost of borrowing.

Speaker 18 (32:57):
The net effect of that is that we can actually
turn what was we thought was going to be about
fifteen hundred into about seventeen hundred seventeen fifty. Actually, now
there's a bit of complexity to that because it's got
to wash through and its new loans and everything's a
little bit different. But the short point is by doing
this we can actually deliver more social housing for less money.

Speaker 3 (33:17):
It's great, great news.

Speaker 2 (33:18):
Good the Dickson Street Department thing you up on that?

Speaker 3 (33:22):
Yes, yes.

Speaker 2 (33:23):
Explain to me how a state owned agency sells something
for a million the people who buy it under a
first preference deal then flick it for three How does
that work?

Speaker 18 (33:32):
Well, the land's got a right of refirse refusal on it,
which means they got to offer it to the local eweed.
They did that and they negotiated them up. They went
out to the market before that and sort of tested
it a bit. Yep, it's on the box that I
think it's about three to four. But there was a
lot of interest in the market and actually buying it.
This is an earthquake prone building, it's a heritage listed.

Speaker 2 (33:54):
But the market paid three million dollars for it about
three minutes up right for one?

Speaker 11 (34:00):
Is that with that? Well?

Speaker 18 (34:02):
I get that, but we ultimately don't control what the
people who buy properties, do with it once they've bought it.

Speaker 2 (34:08):
But should I know, it's not your personal fault, but
I mean this business or first right of refusal line,
and I understood it to be when it came to
the Mari that you know there was something culturally historically significant. Sure,
but a duney old building that you can make a
couple of million dollars on by Wednesday? Is that part
of the treaty negotiation settlement process.

Speaker 20 (34:28):
Is it?

Speaker 18 (34:29):
Yeah, it was negotiated as part of the settlement with
Portneck Tarnik Fano back in I think it's two thousand
and seven. So they've got access to a whole lot
of land in Wellington that you know that they that's.

Speaker 3 (34:40):
Part of their deal.

Speaker 18 (34:41):
And where it periodically comes up, they get offered it
and sometimes they say yes, sometimes they say no. In
this case they said yes, Chao negotiated with it. I
get people's frustration, but at the end of the day,
like you're dealing with basically an old dunger and you've
got someone who wants to spend a little bit of
money to who you could potentially do it up, and

(35:01):
that is ultimately a good outcome for Wellington.

Speaker 11 (35:03):
But I appreciate the frustration on the way through.

Speaker 2 (35:05):
Nice to talk to you is always Chris Bishop, who's
the housing minister. Twelve and it's past seven pasking speaking
of housing markets moving. We're up zero point one for
the month, so don't break out the champagne just yet.
But it does break five months of decline as usual.
It depends on where you are in the country, so
it's a crunch a few markets and get a vibe.
Kelvin Davidson's Cartelity is to your property economist and is
back with there's Calvin Morning, Good Morning. One month does

(35:28):
not a summer of profit, make.

Speaker 19 (35:30):
No, No, that's right now, and you've got to put
it in the context of five previous falls. So I
mean the market's pretty flat and just reflecting, yes, and
straight down. But economies why people still feel a bit cautious.

Speaker 2 (35:43):
So at zero point one, what do we see spring
interest rates? Foreign buyers? Mar I mean, I.

Speaker 19 (35:48):
Think, yeah, I think, I mean confidence in the economy.
I guess can be a little bit circular in which
drives the other, you know it can it can probably
be a bit both ways. But you know, I think
that there's signs, there's signs of some hints and green
shoots coming through in the economy. We know infrastrates are down.
It'll pass through to borrowers more as we progress through.

(36:08):
So yeah, I think twenty twenty six is looking better,
but just right now things are pretty slat.

Speaker 2 (36:12):
Well, how much way do you place on the next
couple of meetings before the end of the year from
the RB, so let's call it fifty points before the
end of the year. Are we all sitting, you know,
coiled springs of anticipation waiting for this to happen.

Speaker 19 (36:23):
Yeah, I think it could be pretty significant. I mean,
I've heard the word circuit breakers being bandied about a
little bit. I think it just needs a sort of
shock treatment for lack of a better word, and I think,
you know, get them to get into the next year,
get into summer.

Speaker 14 (36:36):
You know.

Speaker 19 (36:36):
I think there's some some cause for optimism coming through,
but we also need the economy to turn around. And
it can be a bit circular, of course, but people
start to see some better economic news, confidence picks up
and it flows right through good stuff.

Speaker 2 (36:49):
Calvin, appreciate your insight. Kelvin Davidson, Ount of Captality Auckland
down a bit this for the month of Auckland. Hamilton
Flat Tower is up, Wellington's down, christ Uche up quite
a lot and need up as well. So the further
south you go, the better it gets.

Speaker 15 (37:02):
Fourteen past the Mike Asking Breakfast Fall Show podcast on
iHeartRadio powered by News Talks at b.

Speaker 2 (37:10):
Tell you what this our three sixty things seems more
real by the day. Starting next year. It's the Saudi
backed rugby tournament. They're dragging some NRL players out of
Australia too. I've asked Scheck here was linked, but the
Australian's got a bit angsty yesterday, not just the NRL
but the Australian Rugby looking to move to block Wallaby.
So we'll tell you more about that before eight o'clock. Meantime,

(37:32):
it's sixteen past. New stats this morning shows what an
ugly plays prison can be. We've got one thousand and
eighty prisoner on staff assaults in the past year. Is
that a lot, Yes, it is. It's more it's almost
double what it was in twenty seventeen. Twenty eighteen, that
was the last time the prison population was about where
it is now. Lee Marsh's the corrections Custodial Services Commissioner
and is with us Lee morning.

Speaker 20 (37:51):
Good morning mate.

Speaker 2 (37:52):
So you got prisoner on prisoner and prisoner on staff.
I'm assuming you're more worried about prisoner on staff. Is
that what's materially changed if you got the same sort
of pop population, what's materially changed in terms of the violence.

Speaker 21 (38:03):
Well, the population has changed incredibly of the last few years.
So whilst our overall net population is similar to what
it was in kind of twenty eight twenty nineteen, what
we're seeing is increasing gang membership and complexity of gang membership.
We're seeing a little more violence coming in off the
streets into our prisons. We're seeing the effects of meth
use within our communities and that sort of coming into

(38:25):
our prison.

Speaker 2 (38:26):
Environment must be a hell of a job.

Speaker 21 (38:29):
Well, it's I'll tell you what. Our officers are absolutely incredible.
They're dealing with the people that our courts say should
not be in the community, and they get up of
every day, come to work and they deal with those
people in our prisons trying to affect change to make
sure they get out safe, and they do an absolutely
incredible job.

Speaker 2 (38:44):
All that stuff we've talked about before, Body cameras and stuff.
Has any of that helped materially?

Speaker 20 (38:50):
I think it has.

Speaker 21 (38:51):
I truly believe it has. If we look at the
assault stats, there's a little bit in the numbers there.
So while the net numbers has increased, we've done an
incredible amount of work alongside our partners to improve not
only the safety equipment, but the reporting. We want to
send a clear message that any violence against our staff
is not tolerated, and so this encouragement of reporting has

(39:11):
seen a significant increase in the reporting of non injury assaults,
and that's where the biggest number lies. So our serious
assaults have actually gone down. We're actually seeing a reduction
in the use of things like weapons. We are seeing
an increase in prison on prisoner kind of pack assaults,
and that's gang related really, But the majority of this increase,
in fact, the bulk of this increase that's caused the

(39:33):
net number to go up, is actually non injury assaults.
And they're basically a bit of a push or a shover,
a cup of water being thrown or an apple being
thrown at, you know that sort of thing.

Speaker 2 (39:41):
Right, And does it affect recruiting.

Speaker 21 (39:44):
Our recruiting has gone incredibly well. We've still got cues
of people wanting to come and join us. We offer
a fantastic career, a very rewarding career. Our turnover is
over halved in the last couple of years, and I
think we've had well in excess of one hundred and
thirty thousand applications since our latest campaign last in twenty
twenty four.

Speaker 2 (40:00):
Good good stuff, Lee NICs and Lee Marsh see not
all bad news Corrections Custodial Services Commissioner with us this morning.
Justin by the way, doctor Jane Goodall, one of the
world's greats, has passed away natural courses. She's in California
working till the end, which I think is probably the
best way to be in California. On speaking to It
ninety one, What a fantastic life. She was last on
the program in twenty seventeen. At the moment, I mean,

(40:21):
the world seems a fraction and fragile place, doesn't it.
And when that happens, people's attention goes elsewhere.

Speaker 22 (40:27):
Yeah, it does. And you know, I think the big
problem is that as the problems get worse, and you know,
the attacks on the environment was so ordinary, people just
feel there's nothing they can do, and so they lose
hope and do nothing and that's the disaster.

Speaker 2 (40:46):
From twenty seventeen, her work they say revolutionized science. A
great life, Doctor Jane Goodall in ninety one seven twenty.

Speaker 1 (40:57):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, gow
it by News talksb.

Speaker 2 (41:04):
Now, when you're looking to invest your hard earned you
want an established bank with solid foundation. Surely somewhere you
know you may not have explored as SBS Bank. Now
they've been in business in this country for over one
hundred and fifty six years and not only pride themselves
on providing those great rates for investors, they're passionately invested
in the community as well, proudly keeping the profits right
here in the country. And SBS basically they call it
conserving the KWI dream, Helping Key we save for their

(41:27):
dream futures, maybe helping the first home buyers into the
dream home. Key is helping Keywi's basically is what this is,
which has got a very nice ring to it, don't
you think so? If you've got grand dreams, and don't
we all really investing in the future, purchasing a holiday home,
helping the kids through uni saving for a comfortable retirement,
choose the bank investing in New Zealand's future. So whatever
you're saving for, SBS Bank have got a range of

(41:48):
investment options to help you get great returns on those savings.
And if you want to learn about their latest special rates,
you search SBS bank and start banking with heart. Asking
through the new head of a couple of weeks to
get a feet under the table, see what's what, and
she's with us after seven thirty CE. We were heading
with that particular department. It's a troubled department, of course,

(42:08):
and has been reformed. We had the chair on ironically
yesterday about this new procurement thing, so we'll get back
to that. So she's about fifty minutes away anyway. Treasury right,
Treasury have done one of their long term reports. They
look out forty years and the thrust of what they
say is important. But the big question is what, if anything,
is to be done about it. So in civil terms,
we spend too much as a country, we owe too much,

(42:29):
and no one is really doing much about any of that.
Even this government, a conservative government, is running a deficit.
They spend more than they make. Not just that, but
each year they said that they would change that they haven't.
We're out to twenty eight twenty nine currently before we
get back to an annual surplus, and even then it's
touch and go. Oh they've got excuses. Of course, they've
got excuses. We always have excuses, As Treasury says, in

(42:49):
the past twenty years, we have had favorable tail winds economically,
and yet the debt is still higher than forecast. One
economist said this report should be on the reading list
of every one of us. It won't be. He also
says he doesn't think politicians are going to be able
to make these changes needed until the voting public is
behind those choices. So two problems they are. One we
aren't reading the report, and two I suspect even if

(43:11):
we did read it, many wouldn't really be into the
sort of fiscal discipline required to sort ourselves out. We
pay closing in on ten billion dollars a year on
interest on our debt, just on the interest, twenty eight
million dollars a day. Every day debt goes nowhere, just
the interest in Yet every time a government goes to
save you can hear the screams, can't you count those

(43:32):
complaining here the endless excuses as to why it shouldn't
be them. If we don't change this, the report says
we will have debt rising to two hundred percent of
GDP by twenty sixty five. It's currently forty five, so
we're going from forty five to two hundred percent. Two
hundred percent would literally ruin us. So it's one of
life's great quandaries, isn't it. We've got a problem, a
growing problem. We know about the problem, We actually know

(43:53):
what the solutions of the problem is. Do we ignore
it or tackle it? If we do, how are we
even capable of trying, who's going to lead that charge?
Or do we simply wait for next year's report to
confirm that between now and then nothing will change? PASKI
were struggling to understand how Bishop can dismiss the EWE
profiteering once again at taxpayers expense. Clearly Ko either didn't
explore the market and couldn't be bothered to get the

(44:15):
best result for taxpayers, or simply negligent. Well, all of
those things could be true. What I was trying to
point out I did this at the very start of
the program, And Chris knows it's true, is that whoever
negotiated these settlements with various ee around the country, the
first writer refusal clearly doesn't have some cultural slash historic
connection clause to it. In other words, what I would

(44:38):
have done in drawing up the contract is no problem.
If a piece of land or something significant to your
EWE comes up, you should, as part of this deal
get first right and refusal on the understanding that you
pay market rates and you hold it in perpetuity. Because
your argument is it's deeply personal, and deeply cultural and

(44:58):
deeply historic. Right, So we're putting a past wrong right,
which is what the whole treaty process was supposed to
be about. It's not about real estate speculation, which is
clearly where this has gone. I still struggled because the
development company of which Ian Castle's was one of the people,
very experienced developer. How is it he finds three million

(45:19):
dollars worth of value in it a couple of days
after somebody goes on, now we're looking for it as
one million. It doesn't add up. Yeah, new job. Another
another offshore person, Natalie comes to us from Canada to
run far MEC. Things seem to be going well slowly
being turned around, so we'll talk about that. Nadia O
Limp would hatch up in the studio after eight still
to come this morning on the mic Hosking Breakfast where

(45:40):
the news is next.

Speaker 3 (45:42):
No fluff, just facts and fierce debate.

Speaker 1 (45:45):
The mic Hosking Breakfast with Vida, Retirement, Communities, Life Your Way, News,
togs hed been Nadia.

Speaker 2 (45:52):
Limb back and quicksh up after eight o'clock this morning.
End of Brady is doing the business on the other
side of the world in Britain right to farm Ock,
our drug funding agent which is and has been undergoing
some sort of reasonably large reform just yesterday talking to
the chair of course about the new procurement rules. The
chair is new, there is some more funding has announced
by the government of the previous budget and the CEO
is new as well. Natalie McMurtry, Farmac's CEO is with us.

(46:15):
Natalie morning, good morning, welcome to the country. Enjoying it
so far.

Speaker 23 (46:21):
I love it, thanks, thanks so much. Everyone's been so lovely.

Speaker 2 (46:25):
How did it work for you? Without getting too personal
about it all, I mean, what did you know of
New Zealand and Farmac and what brought you here?

Speaker 23 (46:33):
Well, Farmac. I've been working in the pharmacy and drug
sector for my whole career over twenty five years. Farmac
has always been a model that we looked to and
known about, so it's always been in the circle of
my professional life. I guess for me, I had the
opportunity come forward for me to consider, and it was

(46:56):
a good fit lifestyle and lovely country and an amazing
model to work in.

Speaker 2 (47:03):
The model as you saw what we would will see,
it has challenged in recent years. Did you see it
as challenged and in need of some reform or was
that reform in place to the extent that you were
happy with and could dub titlan and get on with it.

Speaker 23 (47:16):
I think that you know, there was an opportunity to
be able to make an impact, which I'm really thrilled
with with the right leadership, the board that has a
great plan in place and something that I could get
behind and happy to keep moving forward. The momentum on
the on the reset plan that's been in place.

Speaker 2 (47:34):
Where do you see it at currently versus where it
could be would be in a couple of years time.

Speaker 23 (47:41):
Well, I think you know, it's hard to really comment
on the past, but moving forward. I think we have
the right things in place. We've started to engage patients
and families more. We have a Consumer Advisory Group Working
group chaired by Malcolmholland that's working really closely hand in
glove with our RESET team, and I think I think
that will be able to set a framework that will

(48:02):
be able to move forward in a positive way.

Speaker 2 (48:04):
Is it same in places like Canada? In other words,
the government gives you money. There's never enough money. The
world is full of drugs and inventions and science and excitement,
and there's always a demand que of people saying how
about this?

Speaker 23 (48:16):
Well, yeah, I think that's a challenge of anyone who's
been in executive leadership and healthcare in any public system,
and there's always the trade offs that you have to manage,
and we try to do the best job that we
can with the money available.

Speaker 2 (48:29):
Where are you at in my current fascinations, I means
everyone GLP wones. So your Minister David Seymour has an
argument that if you spend dollars now, you can save
dollars in the future somewhere else. So, in other words,
GLP ones would be a very good example. If you
can cure obesity, think about what you could save in
the health system going down the track. Do you subscribe

(48:49):
and buy into that and is it real?

Speaker 23 (48:52):
Well, I think there's definitely opportunities where drugs and new
technologies can improve lives and livelihoods into the future. And
telling that story and getting the right data to make
that case around is it capacity, is it better livelihoods,
people have better productivity? Some of that math is a
bit tricky, but we're working on the best way to

(49:13):
tell that story, okay. And I certainly think there's a
real story there.

Speaker 2 (49:17):
The procurement thing that we had the chair on about yesterday.
You do some of it in Health New Zealand. Does it?
Does all of that make sense? And we better off
for that?

Speaker 22 (49:26):
Oh?

Speaker 23 (49:26):
I think that this has been a great moving forward
step for the organization after many years of confusion and
making the best of both Health New Zealand and FARMAC
working together to be able to get those the right
innovations available to New Zealand. So I'm really happy about that.

Speaker 2 (49:44):
Good to talk to you and welcome to the country
and enjoy the job. And I'm sure we'll talk again.
Betleie McMurtrie, who's the new CEO of Farmic nineteen away
from seven asking let me spending a bit of time
next week there the whole country is going to be
moderately exercised on what are the Reservement going to do?
It's Wednesday, it is the second last meeting of the year.
Christian Hawksby still in charge, although he knows now he
doesn't get the job and he's leaving the bank. I

(50:05):
don't know whether that sort of effects his mood and
the Monetary Committee's mood, but nevertheless they're going to come
with certainly twenty five. The debate is now on as
to whether it's fifty. So who says what? Nick Tuffley,
who's at the ASB, he raises quite rightly the fact
that the New Zealand dollars fall into a multi year low,
and that has got to be of concern to the

(50:26):
Monetary Policy Committee. I would have thought recovery is taking longer.
The economy feels, says Nick, like it needs a bit
of a circuit breaker. No kidding. You could have argued
that back in June and July when the Reserve Bank
we're doing nothing. So have they suddenly panicked? Have they
suddenly gone? Jeez? Were taking heat here? Can we go fifty?

(50:48):
The RB needs to hit the gas harder, he says,
and I think on that he's right. B and Zi
dug Steel he says, the right cuts are done. Deal,
we're sticking with our central view of two more twenty fives.
There's a very real risk that abut that'll shire Reserve
banks suffers stick a shock from Q two GDP. Good point.
Not willing to wait for the Q three GDP outturn
to be published. So cuts the rate fifty? Now? Is

(51:10):
that a risk? Or do you go go for it?
Key piece of data they're going to be waiting for
is the NZED Economic Research, the Institute of quarterly Survey
of Business Opinion, that comes out the day before, so
this coming Tuesday. In other words, what's that say. I
can tell you what it's going to say, and if
it says what we think it's going to say, which
is it's miserable, they need to do something about A
and Z. Sharon Zolas she says, both options have pros

(51:32):
and cons, which is true. That's the economy overall. We
see the value of optionality at twenty five. So from
those three economists you got two twenty five In fifty.
We wait and see seventeen to two the.

Speaker 1 (51:46):
Vike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (51:51):
It'd be this's our three to sixty thing. We'll talk
to Jim Dollan in Australia because they seem if we
missed the boat on this in this country. I mean
as the New Zealand Rugby Union like sitting there yesterday
the Australian Rugby Union said we're going to look at
blocking Wallaby's. So if you want to play our through sixty,
go for gold. Once we've sued you in taking to court,
by the way, after that you can go play, but

(52:11):
you're never going to be a Wallaby again. Now have
we heard that from the New Zealand Rugby Union? Do
they even is this a thing? Could it be a thing?
Do we take it seriously? This thing's launching next to
you normal circumstances. You go, hmm, could be a thing.
But the Saudis make stuff happen. By the way, the
Herne brothers, not the horn brothers, father and son, Barry
and see the other guy's named Barry Hearne and whatever
his name is, Eddie. There's a Netflix thing on them,

(52:34):
it's I won't recommend it because it's got that classic
stage thing going on, where like Eddie sits in the
office with Barry and Barry goes, so, Eddie, what's going
on then? And Eddie goes, well, not a lot, Dad
at the moment, got to boxing, got aj comming in
for a meeting. Oh, that will be good. Then let
me know when he gets There's a lot of that anyway,

(52:55):
The point being, as far as promotion is concerned in
sport and ffessionals, they're very heavily tied up with the
Saudis in the snooker and the boxing, and so when
the Saudis want to make something happen, they're going to
make it happen. So ask three sixties real. So we'll
talk more about that than just a couple of moments.
By the way, if this means anything to you, the

(53:16):
stats Department provided us with a reminder of how rich
we're not if you want to be in the top
fifty percent, which I would have thought is just such
a depressing if you're in the top fifty percent. So,
in other words, is just half of you half you are,
half you aren't. I mean, I'll get to the top
one percent, that's quite exciting. But the top fifty percent,
guess what I am. I'm in the top fifty percent?
Are you how exciting you need to be worth? And this,

(53:37):
once again is this, Sell everything you've got, get rid
of all your debt. How much you got left. To
be in the top fifty percent, you need one hundred
and thirty eight hundred and fifty dollars. If you don't
have that, you're in the bottom fifty percent. That'll be
a thoroughly depressing day. Top ten percent you need one
point two two six million. Top five percent you need
one point eight eighty three. Now that's interesting. I would

(53:58):
have thought that's not a big gap between the top
ten and the top five. One point two to one
point eight. Top one's a whole different kettle fish.

Speaker 11 (54:05):
Though.

Speaker 2 (54:05):
To be in the top one percent, you need four
point seven three five million dollars the median of the
top one percent. This is where you get to the heavyweights.
The median of the top one percent to seven point
one three years ago. Tho, that was eleven point two.
So to say the richer getting richer is simply not true.
They're not, but at least they're not in the bottom

(54:26):
fifty percent. Anyway, Let's get to the rugby in the
moment I leave it away from it.

Speaker 1 (54:29):
So Mike Costing breakfast with a Vita retirement, Communities News,
togs Head been.

Speaker 2 (54:34):
Away from the new Saudi backdar through sixty looks real,
as I've just been saying. NRL allegedly facing losing at
least ten key players, Rugby Australia looking to block any
Wallabies of their jump. Jim Dollars and Australian sports journalists
back with us. Jim Morning Today, Mike, how much fizz
has there been around this in the last few months?
Are people taking this seriously? Or are we just start
of waking up to this now?

Speaker 4 (54:55):
It pubbles to the surface a lot and then sort
of goes back yesterday. It's certainly with the starting date
apparently locked in for next year, it certainly did come
back to the surface with the talk of ten blazers
from the NRL, and somebody went on the record, Clinton Schifofski,
who's a player manager. He's a former player, played for
a number of clubs, Canberra and Paramatta and also played

(55:17):
State of origin for Queensland. He has confirmed that he
has spoken to people from three point sixty, which no
one else has said so far, and he also manages
the three players who the most mentioned, Zach Lomas, also
Melbourne's Ryan Pappenhausen and Jay Gray from South Sydney. Now
Zach Lomax. There's been all sorts of rumor saying that

(55:39):
he played his last game for paramatter as he was
very keen despite being contracted until the end of twenty
twenty eight. Well, Zach pot paid to that last night
at the Dallyms when he said, no, my focus is
on Paramatta next year. It's not right that I'm going right.

Speaker 2 (55:53):
So what we know allegedly is this thing begins October two,
twenty twenty six, so we're less technically a year ago.
They actually haven't got a player, have they. There's just
a lot of heat we're talking to. There's no one
signed and said I'm.

Speaker 4 (56:05):
Off no, and no coaches that don't have any venues yet.
There's been some thrown up and there's plenty of talk
to's money coming from all around the world, but no
one's actually put their hand up and said yes, I'm
investing in this.

Speaker 2 (56:17):
Right. So when I read about the Australian rugby people going, well,
you can't be a Wallaby if you're going to do this.
So this is kind of the shadow boxing. Will say
this and you do that and we'll see where it
shakes down.

Speaker 4 (56:30):
Oh yeah, Australian rugby is in a very strong position
because of the home World Cup in twenty twenty seven.
Strange timing trying to do it a year out from
a Rugby oler Cap. If this was happening a year
after the Rugby World Cap, I think a lot more
around Alumbells would be ringing.

Speaker 2 (56:45):
Yeah, does it appeal to you, Jim? I'm looking at
these so based in London, Miami, Tokyo, to Baya, Boston,
Cape Town, Lisbon, Madrid. Who cares? Like, I mean, why
am I watching that?

Speaker 24 (56:55):
What for?

Speaker 4 (56:56):
And it's just like the rugby World seven's that we
already have. So there's some talk of the Saudi involvement,
maybe pitch for Saudi or Katsa to host the future
Rugby World Cap. And this could be very big bargaining
chip because they've saw what happened with golf and yeah,
it's the players can live wherever they want as long

(57:17):
as they play and what will eventually firstly be six
to eight week tournament and then after that it will
run for a couple of months. But like the seventh
Circus so, and there's no talk of anywhere in South Africa,
Australia or New Zealand, which would pretty much be rugby
heartlands you would need to win over.

Speaker 2 (57:35):
So yeah, and we've already got too much rugby, haven't.

Speaker 20 (57:37):
Well okay, well not enough for these people. But yeah,
it's it's going to be very costly exercise. And I
don't see where the positives are yet.

Speaker 2 (57:49):
What okay, so reputation on the line this morning, Jim,
I ring you August September next year? Is this real?
Is it going to start? And in the ensuing period
of twenty twenty six have they signed some gobs making
names and we're all going, oh my god, look at this.

Speaker 20 (58:06):
No, I wouldn't think so.

Speaker 4 (58:07):
They wouldn't need to get so many players out of
their contracts because in Australia rugby league and rugby contracts
run from November one to October thirty one, so they
would or even the players are off contract next year
in the NRL and rugby would still be under contract
when its ornament starts the year from today.

Speaker 2 (58:26):
Interesting, all right, might go, well, appreciate you getting up
early in the morning, Jim Dolan out of Australia, so
just if you're interested. So this time next year it
starts six male teams, four female teams. Twenty twenty seven,
as you mentioned, Real Rugby Cup year twelve event competition
runs from April to September, include semis and a final.
Men's competition will expand to eight teams. By twenty twenty eight.

(58:47):
Competition will include sixteen events from April to September. The
franchise locations, as I mentioned, their sort of glamour Northern
Hemisphere type spots. I guess. Teams will be registered to
the United Arab Emirates Rugby Federation. Players will be granted
full release to play international rugby. But that's the problem,
of course, you can't be a wallowby. You can be
released to do what The players will own their IP,

(59:11):
not be owned by their team or are three sixty.
A player draft July of next year will take place.
All players will be able to choose their country of residents,
won't be asked to reside in their franchise location. So
I suppose we'll see where that goes. The names business
class tickets, Yes, yes, yes, accommodation for two in Melbourne,
fabulous two premium hospitality Melbourne Race weekend passes. Yes, this

(59:31):
is March next year, Friday, Saturday, Sunday six seven or
eight track experience for two round the beautiful Albert Park.
Two thousand dollars in spending money. Today's winner will have
five hundred dollars in cash and you'll go in the
draw the drawers next Friday tomorrow week. And I mean,
what else can I tell you other than to give
you today's three names, which I'm not going to do now. Well,

(59:52):
I will do sometime between now at nine o'clock this morning.
But we welcome into the studio again. After the news,
naddi elimb. That's after the news, which is next.

Speaker 3 (01:00:03):
Asking the questions? Others won't the mic asking breakfast.

Speaker 1 (01:00:07):
With the land Rover defender, embrace the impossible news, togs
dead be.

Speaker 2 (01:00:16):
It is seven past eights at time, once again to
celebrate the genius of farming in the sector that is
right now holding this economy of ours up. Of course,
Nadia Limb has done books, but her latest has been
a number of years in gestation. It is a tribute
to the farmers and land and sustainable food in general,
and Nadia Limbas backwards. Lovely to see you. I do know,
do you know you are the first? I think I'm

(01:00:36):
correct in saying this. You are the first guest we've
had on this program that has asked for one of
our coffees. Oh really, I believe so.

Speaker 25 (01:00:43):
I know that's funny because you know I don't normally
drink coffee. I gave it up in solidarity for my
husband Carlos because he was having too many. And this
is probably the first one I've had in months.

Speaker 2 (01:00:53):
Wow, I can own I'm going to be disappointed. I
am trepidacious at what it tastes like as it takes.

Speaker 26 (01:01:00):
That's pretty average. But it's fine. Thank you Sam, Thank
you very much. Sam. It's the it's the thought that goes.

Speaker 2 (01:01:09):
Do you know when he wrought it in, because I'm
a coffee snob. When he brought it in, I smelt
it and I thought, oh, Nadia, what are you doing?

Speaker 26 (01:01:17):
You are a coffee snop.

Speaker 2 (01:01:18):
So well, the thing is, I'm just here to say
you don't have to drink any more of it because
it's quite a big cup.

Speaker 26 (01:01:24):
So if you want to do I have a few steps.

Speaker 25 (01:01:26):
I wasn't feeling that sharp this morning, not as sharp
as I normally do.

Speaker 26 (01:01:30):
Maybe this No, No, definitely not. I've been working too hard.

Speaker 2 (01:01:35):
No good on you. No, just a little bit of
the old down memory lane. If we can what you
thought talking about your property and your journey in the country,
what you thought it was going to be and what
it is.

Speaker 25 (01:01:50):
Probably yeah, if I'm honest, probably pretty different. I would
describe the whole journey if I could sum it up
as starting from quite an idealistic place, you know, oh,
we're going to be on this farm, and we're going
to diversify, and we're going to have a full farm
to plate model, to being chipped away, chipped away at

(01:02:10):
slowly over the years, to definitely becoming a lot more
realistic and going, shit, this whole farming thing is not
as bloody easy or as predictable as what we were hoping. Yeah,
it's a it's really a game of you win some,
you lose some. Yeah, I'd say it's about fifty to
fifty to be honest. I mean, what's great at the

(01:02:32):
moment with sheep farming For the sheep farmers, they're they're
the lamb price is the best it's been in decades,
Like in ages like, that's fantastic for the sheep farmers.

Speaker 26 (01:02:42):
We are sheep farmers.

Speaker 25 (01:02:43):
However, we just get store lambs in now because we
have our own brand of lamb and to to meet
the demand of the market, we needed to upscale. So
instead of having all the use on the farm and
lambing on the farm, we moved to a store lamb model.
So we raise them after weaning and then they go
through our own micro abatoire on the farm and butchery,

(01:03:04):
which is very unique, Like we don't there's only a
couple of farms in the country that are a micro abatuar.

Speaker 2 (01:03:09):
Which is one of the main Christion. Before I forget,
I'll ask that, how much have you spent on your
farm that you could argue you didn't need to in
terms of what you were specifically looking to do.

Speaker 25 (01:03:21):
Goshure you're onto it, Mike, These types of Christions probably
quite a lot. Yeah, Like, if we could go back
in time, there's definitely things we would have done pretty differently,
and some things that we wouldn't have even gone into.
I mean, we ended up closing our organic market garden
down last year because it just was losing money every month.
You know, we just couldn't make it work. Our chickens,

(01:03:45):
for example, the eggs do really really well, but there
there's always kind of problems cropping up with them. Yeah,
it would have been easier probably to just crop the
whole farm and keep things maybe a bit more simple.
But at the same time we have had some amazing wins,
like going back to the Abata, so that's game changing
what we've done there. We're pioneers and that and that's

(01:04:05):
going well. But of course because we're buying in store lambs,
we're not making the money off the actual sheep farming.
But so not such a good market for us at
the moment. However, the product that we create is incredible,
like actual it really is amazing.

Speaker 2 (01:04:20):
How much of and without getting too personal about it,
how much of what you've done is about the u
side of it, the nadilimb side of it, making books
and doing the television shows and stuff. And therefore, if
you'd only been a crop farmer, the television show would
have been boring because on once you'd shown the corn,
that was it.

Speaker 13 (01:04:38):
Yeah.

Speaker 25 (01:04:38):
No, I think that's a very valid point, and that's
Carlos and I often talk about that. We're like, well,
if we hadn't done all this, then all of these
opportunities wouldn't have come about, and vice versa. So they're
kind of very intertwined. Yeah, yeah, you can't really untangle
the two of them.

Speaker 2 (01:04:55):
Do you recommend scale because yours is a massive place?
Does it work at scale?

Speaker 25 (01:05:00):
Well, I think there is such a thing as overshooting
the sweet point. I think you're gonna like, if you
look at a bowl shaped curve, right, you know, you've
got to get to the top of that curve, and
when you get to the top of that curve, then stop,
don't don't keep going.

Speaker 26 (01:05:13):
And I think in some cases we did.

Speaker 25 (01:05:15):
We were like scale, scale, scale, and we overshot the
sweet point. But we are kind of pulling back now,
so we can't. We're getting to a much better place
where it is. You know, parts of it are profitable
and then some some of it is barely profitable. But
it's part of the whole story. So it's all, like
I was saying, it's so intertwined. You can't just pull one.
Of course, if you pull one thread then it kind
of unravels the whole.

Speaker 2 (01:05:36):
How many paddocks are passion Well.

Speaker 26 (01:05:38):
How many paddocks are passion? Oh?

Speaker 20 (01:05:41):
Now?

Speaker 25 (01:05:41):
Less less of them now. Carlos is going on the
cropping side this year. He's going big on like Ballei
for his swifty Bear product, which is working. Yeah, so
definitely less of them now.

Speaker 2 (01:05:55):
I'd say, really, and where are you at in the journey?
Do you think giving it hasn't happened yet as to
where you want to be ideally or are you there already?

Speaker 25 (01:06:07):
No? No, definitely not there already. But then that's an
interesting question because I feel like wherever you are, you'll
still kind of want to tweak and adjust things. And yeah,
but yeah, I mean i'd say we're not. We love
living down there. It's it might not be the best
financial return, but I can tell you it is the

(01:06:29):
best lifestyle return will be and you can't beat that.

Speaker 2 (01:06:32):
That's worth it's weight in gold. Let's come back and
talk about some of the food and the recipes at
the moment. Nadia Olymp thirteen past eight.

Speaker 1 (01:06:38):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Be.

Speaker 2 (01:06:45):
New Talks Are Be sixteen minutes past eight. Nadia Limba's
our guest one more down memory lane question. One of
the things that I probably bored you with the story previously,
but one of the things I've always liked and admired
about you is that that you came out of Master Chef,
and it was back in the days where I think
you're still the only one who's genuinely taken that singular

(01:07:05):
opportunity and turned it into something quite profound. Before you know,
realosy television became a thing about people wanting to enhance
their Instagram following, as opposed to you wanted to do
something and that was the thing you were and it
worked out. Does it still feel like a dream come
true in that sense.

Speaker 25 (01:07:24):
When I think back to it as a twelve year
old and what my dream was back then, then yes,
I go, wow, it's pretty amazing. How lucky am I
that I'm getting to do what I always dreamed of doing?

Speaker 26 (01:07:35):
And more?

Speaker 2 (01:07:36):
It's incredible? And when was that? When was mastership? I
mean fifteen years?

Speaker 13 (01:07:41):
Was it?

Speaker 2 (01:07:42):
Fifteen?

Speaker 7 (01:07:43):
Ye?

Speaker 26 (01:07:43):
I'm so young.

Speaker 25 (01:07:43):
I was twenty four, twenty four to twenty five from forty.

Speaker 3 (01:07:47):
Now are you?

Speaker 5 (01:07:48):
Yeah?

Speaker 2 (01:07:48):
Jeez, not as old as me?

Speaker 24 (01:07:51):
Yeah?

Speaker 26 (01:07:52):
How old does that make you?

Speaker 11 (01:07:54):
Oh?

Speaker 26 (01:07:54):
The way she laughed, way she's laughed.

Speaker 2 (01:08:00):
The seasons. What's your favorite? In Central attacks See, here's
my thing about Central Attiger. Winter's too harsh and unless
your ski.

Speaker 26 (01:08:07):
That is true. But have you ever seen a complete
white out?

Speaker 24 (01:08:10):
Yeah?

Speaker 14 (01:08:10):
I have?

Speaker 26 (01:08:11):
Oh so beautiful is it it is?

Speaker 25 (01:08:14):
But then when it gets when it melts and it
goes with slush exactly.

Speaker 2 (01:08:17):
So I've seen that. So sure, obviously spring would be
a thing, wouldn't it Spring?

Speaker 25 (01:08:21):
I think for me it's the shoulder seasons, yes, Spring
and autumn. Yeah, they're stunning. Autumn especially, you know, it's
just like a show stopper, all those colors.

Speaker 2 (01:08:30):
Arrowtown, those sort of places. So when it comes to
this particular book, which we should spend some time thinking
about it, it's one of these coffee table type books too.

Speaker 8 (01:08:38):
Yeah.

Speaker 25 (01:08:39):
Yeah, it's a beautiful hardcover I self published, so I
kind of get to make the calls on what the
book looks like and how much investment goes into the photography.

Speaker 2 (01:08:47):
And is that why you're on the cover.

Speaker 25 (01:08:49):
Yes, yes, as well, because because on the cover against
do you have rabbits hanging from the top of the door,
well on the cover yes, normally no, we wouldn't hang
them from the door. Normally we'd im quickly skin and
gut them and chuck them in.

Speaker 2 (01:09:04):
How much did you in your time down there, the
dealing with animals, the slicing off of the heads, the
removal of the organs.

Speaker 25 (01:09:11):
I knew quite a bit of it before moving down
because Carlos has always been begin to hunting. But I've
definitely learned more ye since since we've moved down.

Speaker 26 (01:09:20):
Do you like rabbit? Have you tried it before? You haven't.

Speaker 2 (01:09:23):
I've tried it. Of course I've tried it. You don't
want to have a conversation with me about my my
habits of eating. I'm a tragic You are pretty conservative,
very very very conservative as far but as far as
the seasons go. Do you eat seasonally and cook so seasonally?

Speaker 25 (01:09:39):
Very very much so, even way more so since we
moved down there, Like you're actually if you really eat
kind of off the land, you actually you actually end
up been quite limited with what you can have. So
we and when we first moved down, I was so adamantised,
like I'm going to live one hundred percent off the
land other than dairy because we don't have a milking

(01:10:00):
and I was like, I'm going to do this, and
it was a bit of a challenge to me. I
stuck to it for a couple of years. I've relaxed
quite a bit now because it is really hard. But
our diet did become quite limited. Like we'd have tomatoes
every day, three meals a day, for like three months,
and then we wouldn't have tomatoes for the remaining nine months.
And then we'd go through a period through winter where

(01:10:20):
we didn't have many vegetables and it was just pumpkin
and kale, And like, you get so sick of it.

Speaker 2 (01:10:27):
No kidding, do you pumpkin and kale? Who would have thought?

Speaker 24 (01:10:30):
So?

Speaker 2 (01:10:31):
Do you eat anything processed at all?

Speaker 26 (01:10:33):
Occasionally? But I prefer real food. I think it just
tastes so much better.

Speaker 25 (01:10:37):
The thing is, when you get used to eating a
real food diet with minimal refined sugar and that kind
of thing, like your taste buds actually change and you
don't want it. You try it, you go, oh, I
don't feel good.

Speaker 2 (01:10:52):
So what I have every day is with lunch, just
a small ramiican of fruit.

Speaker 26 (01:10:56):
Nice.

Speaker 2 (01:10:56):
So I have some strawberries and some blueberries.

Speaker 26 (01:10:59):
Not in winter.

Speaker 2 (01:11:00):
I hope all year round. Yes, no, that was my question.
So I'm not I'm not against bringing food from anywhere
in the world.

Speaker 26 (01:11:07):
You know they're going to be sprayed, right, of.

Speaker 2 (01:11:09):
Course I give to that. But I would rather have
a blueberry all year round than eat seasonally. Do you
think less of me because of this?

Speaker 11 (01:11:17):
Yes?

Speaker 25 (01:11:19):
You know what I'm thinking is your taste buds aren't
great because those strawberries and those blueberries aren't.

Speaker 26 (01:11:24):
Tasting that good.

Speaker 2 (01:11:25):
They're not the same as coming out of the garden,
of course they're not.

Speaker 25 (01:11:28):
Could we not tempt you to have like a tamarillo?

Speaker 3 (01:11:30):
And no?

Speaker 2 (01:11:31):
No, See this is this is the limitation of my diet.
If everyone I could eat literally anything, then sure, I
call Katie No, well she's actually I blame her. She
serves it. It's not my fault. But so you're you're
against food Miles and you know, well purely.

Speaker 25 (01:11:44):
Because to me it just doesn't really make sense. I mean,
a when you're importing the produce is going to be sprayed,
it has to be fumigated. Then it doesn't taste great.
So what's the point If it doesn't taste good, it's
been cold storage. And then I guess see on top
of that, you got the food miles, all the extra
fuel and everything, and then we're not also not supporting
the New Zealand farmers and producers, which I know that.

Speaker 26 (01:12:03):
You would love it.

Speaker 3 (01:12:03):
I do.

Speaker 2 (01:12:04):
I support I support them in season and you're right.
So we grow our we grow berries and stuff at
our place, and when you pick them, there is nothing.
There is nothing like garden to table. Yeah, is there?

Speaker 26 (01:12:14):
Yeah?

Speaker 2 (01:12:15):
In the will?

Speaker 22 (01:12:15):
Oh?

Speaker 26 (01:12:15):
Absolutely?

Speaker 25 (01:12:16):
I mean you compare a peach when it's at its
peak ripeness and it's been it's still warm from the
sun and you pick that off the tree and eat that.
Compare that to something in cold storage and winter that's been.

Speaker 26 (01:12:27):
Imported from America.

Speaker 2 (01:12:28):
Couldn't agree. Chalk and cheese right now, I drag grapefruit
from our trees up to the kitchen and cold press them.

Speaker 26 (01:12:34):
Beautiful.

Speaker 2 (01:12:35):
Absolutely, couldn't agree more. Listen, what a joy to talk
with you.

Speaker 13 (01:12:39):
Yeah, you too.

Speaker 26 (01:12:39):
I always love talking to you. You ask good Christians.

Speaker 2 (01:12:42):
You are very nice to say. So we're recording that,
but we'll put that into a primer Loveliness and the book.
Good luck with that as well.

Speaker 26 (01:12:48):
Thank you so much.

Speaker 2 (01:12:49):
Nice to see you again. Nadia limit Is eight twenty two.

Speaker 1 (01:12:52):
The mic Hosking Breakfast with the land Rover Defender and
news Togs dead b now in.

Speaker 2 (01:12:57):
New Zealand's medium to large enterprises and government agencies of course,
racing this critical challenge at the moment doing more with less.
So tech technology essential tool that you can leverage to
enhance both. Spark Business helping organizations drive real productivity and
resilience through their expertise in cloud, IoT automation, mobile solutions,
call center technology, data centers, managed services, network security that

(01:13:18):
got all the boxes TechEd and the thing that sets
Spark apart is their team of top New Zealand based experts.
They understand the unique challenges we face. They're not just
tech consultants, they are problems solvers who know what it
takes to deliver results through tech. So if you're looking
to boost your organization's capabilities, explore what Spark Business has
to offer. The track record speaks for itself. They're leaders

(01:13:39):
in many spaces and know how to get the job done.
So for more information check out Spark Business online. That
is Spark Business.

Speaker 1 (01:13:49):
When the ultimate VIP race experience in Melbourne with Visa
and New stalksv.

Speaker 2 (01:13:55):
Yes Bitches, are Claire Fletcher, Jason Jackman and Anthony Simpson.
And are the names so quoting? What was the song
on quitting broom bitches, swim Shed's Creek or something? Guy
there clear.

Speaker 26 (01:14:11):
Clear.

Speaker 2 (01:14:12):
If they hadn't been laughing so much, I wouldn't be
laughing at myself. Claire Fletcher, Jason Jackman and Anthony Simpson.
First person oring through five hundred bucks for the day
and we'll put the winner in the draw so it'll
be one of nine for the business class tickets, the
accommodation of course, the premium hospitality Melbourne Race weekend passes.
It'll be fantastic. This is early March, the track experience

(01:14:33):
for two couple of thousand dollars in spending money. By
the way, if you haven't registered yet, you're a full
in z news talk zb dot co dot nz Forward
slash Visa news talk ZMB dot co dot nz ford
slash Visa. Well, the Labor Party conference is wrapped up
and they're still busy, haunted if you like, by one
farage and to the asylum seekers that another matters with

(01:14:53):
end of Brady who was in for Rod Little this
morning from the UK. We go there directly after the news,
which is next. You're on the my co Hosking Breakfast.

Speaker 1 (01:15:05):
Opinion edit, informed, unapologetic, the Mike asking breakfast with Bailey's
Real Estate covering all your real estate needs use.

Speaker 2 (01:15:14):
Togs head be Congratulations Claire Fletcher first name through this morning,
five hundred dollars with our compliments and Visa's compliments, and
of course going into the dwarf for the next Friday
for the fabulous Melbourne experience Friday six, Saturday seven, Sunday eight,
which is race Day, of course, and news took zib
dot co dot in zed forward slash Visa will draw
another name tomorrow. Mike, Isn't Nadia the most entertaining, enthusiastic

(01:15:35):
ambassador for our country issues? Lovely, There's no doubt about that.
There are just some New Zealanders, Mike, that we're just
lucky to have in Nadia as one of those.

Speaker 3 (01:15:41):
Mike.

Speaker 2 (01:15:42):
I could listen to you and Nadia talk all day.
She is a true national treasury. You love Nadia Eland
twenty three minutes away.

Speaker 15 (01:15:47):
From nine International correspondence with ends and eye insurance, Peace
of mind for New Zealand business with your people.

Speaker 27 (01:15:54):
We love in the Brady's back moying mate, Haha, good
on your make good to speak to you again.

Speaker 2 (01:15:58):
And you two, how did that for k? I mean,
how do you run your party conference when everyone's sitting
around talking about this Black Burnham from Manchester.

Speaker 27 (01:16:07):
Yeah, everyone was waiting for a challenge. Andy Burnham gave
a lot of interviews and he spoke a lot of
sense actually, but I think I think they've come out
of it a little bit more unified. And Starmer didn't
want to focus on Burnum or any potential leadership challenge
down the line. He has focused squarely on Nigel Farage
and he says the UK is at a fork in

(01:16:28):
the road, and he said choosing Labor the next election
will mean the country continues as a united kingdom of
decency and fairness. And he said if they all go
off on the right hand fork, the far right, some
would say Nigel Forrage. He described him as a snake
oil merchant and he said that he doesn't even like
the UK or believe in Britain.

Speaker 2 (01:16:49):
Isn't it interesting though, that in this conversation the Prime
Minister is going after somebody who's billy in Parliament, whereas
the once large opposition Patty I e. The Tories seemingly
and no longer in the conversation.

Speaker 27 (01:17:01):
It's fascinating. They don't get a mentioned, they don't get
any media coverage. Kemmy Badenoch their leader, she just doesn't
feature anywhere. For as is a master media performer. His
problem is right now he has enough MPs, including himself.
If they were to call a five a side soccer
tournament in Parliament, he would get five players on the pitch.

(01:17:22):
That's how many he has. And that War's problem.

Speaker 2 (01:17:25):
Is I was going to say it wasn't Isn't that
The most interesting thing about your system, Ipp is if
he takes his thirty in the polls, does it trendslight
to seats on the day given the system, or does
you fall flat?

Speaker 27 (01:17:41):
I don't think it will. I don't think it will
because Reform does not have the political deep routes. And
I'm talking about a communications team, a strategy team, donors funding,
vetting of candidates will be key. I think right now
of Reform, some of the people they were to put up,
and people went through social media, you would find a
lot of questionable opinions about foreigners. And I think the

(01:18:06):
majority of people in this the one thing I will
say about Farage and the whole Briggs.

Speaker 11 (01:18:10):
At the date, Mike.

Speaker 27 (01:18:11):
It has emboldened people to come up to you and
tell you your opinions. I had a guy a few
months ago, a gentleman in the seventies, come up to
me quite brazenly and asked me when I was going home,
And I said, well, I live five down, five miles
down the road, mates, so in a big house, bigger
than yours probably that's where I'm going home to. Sorry,

(01:18:32):
I alwished to boast, but he has embolden these idiots
to come and attack foreigners verbally. It's not good.

Speaker 2 (01:18:38):
Amazing this baroness Mound what she called a brass bro
the Queen of Bras or the Baroness of Bras or
whatever she is.

Speaker 27 (01:18:46):
Yeah, so she invented. She was a very successful businesswoman,
but tonight here her reputation is in the gutter. So
she made her own money. I have to and I
do know her. I've known her through my time at Sky.
She was a panelist on show we had. I socialized
with her. She's an interesting character. But look, she made
a lot of money to begin with, and then she

(01:19:08):
married a guy who was even richer Doug Barrelman, and
they became this very wealthy power couple. Now why they're
in the news tonight here a High Court judgment has
gone against her. This company, a PPE company that was
formed magically overnight during COVID and was pushed into the
vip lane of the government for fast tracking. They got
somewhere in the region a two hundred and forty four

(01:19:30):
million dollars for PPE kit which she sourced from China.
She denied anything to do with this company, and then
it all came out and ultimately she had to hold
her hand up and say that they were linked to it.
They've been told today in the High Court that two
hundred and forty four million dollars that that company got
from the UK government when the country was on its
knees and people were screaming out for Ppe. The equipment

(01:19:52):
that came from China, the gowns and everything in the
surgical stuff, it wasn't of a very good quality. Now
she's going to have to pay back or PPE MedPro,
which has moved to wind up this week, they're going
to have to pay back two hundred and forty four
million dollars. Michelle Mohan has taken the social media and
her Lady Moan of mayfair to give her a title
to social media. She's screaming about an establishment win and

(01:20:16):
she says Starmer's first fifteen months in government had been
a disgrace. That's her response.

Speaker 2 (01:20:22):
When they and I know Rachel Reeves would like to
take a peerage off, I don't think technically they can.
Can they? But my more important question to you Inda,
is it possible to have received a peerage through quote
unquote services to lingerie? And when that was rid out
publicly when she got that, did they do that with
a straight face?

Speaker 27 (01:20:41):
Well, well, I'll tell you what. She the main reason
she got that, and I know the person involved, David
Cameron gave her that peerage, and I know the story.
She was very Cameron Cameron needed. This is my reading
of us, and I said it to her face as well.
I felt the whole Scottish independence argument should have gone
the other way, that Scotland should have broken away and

(01:21:02):
Scotland has enough about it to be independent and a
Republic of Scotland, and that you know, Scotland had an
amazing future. Michelle Mohan campaigned for Scotland to stay in
the United Kingdom. Cameron needed. Cameron needed a very wealthy,
working class Scottish person to put the frighteners up the
rich in Scotland basically, and to say to the poor, look,

(01:21:24):
all these very wealthy people are worried about losing their
money if Scotland goes independent. Michelle Mohan was that voice
and I think the Ladyship or the peerage was a
payoff basically from Cameron for doing something he couldn't do
because people in Scotland were not going to listen. Listen
to very plummy English guy from Oxfordshire.

Speaker 2 (01:21:44):
I'm very pleased with divid Bickham on a mess of
divid vick and Fen. I like his wife as well.
But is it seventy three million He's doing all right
for him Sovny.

Speaker 27 (01:21:53):
Yeah hugely. So this is a dividend from the rights company.
And he has signed deal after deal after deal here
this year. So there's a Belgian larger brand he represents.
There's a brand of air Friers gets to the stage now.
I'm watching Champions League soccer here in Europe tonight and
it gets to the stage when you go through the
adverts at halftime. It's like what's Beckham flogging next? But

(01:22:14):
good luck to him is at a very very good year.

Speaker 2 (01:22:17):
It's not bad eye. And this storm is this the
real deal? Is this the first of the first of
the winters?

Speaker 27 (01:22:25):
First of the winters? So we now name our storms
in alphabetical order. So Storm Amy is coming our way
Friday night into Saturday. All we're being told so far
is a yellow alert for the weather one hundred and
twenty nine kilometers per hour wind speed, so it will
be significant. But look, I think we're getting so used
to Storm A followed by Storm BCD one of them.

(01:22:46):
Eventually we'll do a lot of damage. But I think
it's too early in the season. I mean the sun
is still shining.

Speaker 2 (01:22:51):
Here now that's good. Hey, listen what I've just got
to you quick? What do you reckon this Middle East
thing with Tiny Blair? If you took a poll of
Brits right now, the percentage be of people going Tony,
great men for the job versus Tony Are you serious?

Speaker 27 (01:23:06):
I think it depends who you ask. If you talk
to people who are Muslim, they will never ever ever
forgive him for Iraq and his name is Mud. His
name is Mud in the Muslim world and in the
Middle East. And then you've got an awful lot of
people who just don't like Blair. And then there's a
group of people who I think would have him back
as Prime minister in a heartbeat because economically the country

(01:23:26):
was better breggsit would never have happened under Blair. And
for all his false with foreign policy, he was a
brilliant domestic prime minister.

Speaker 2 (01:23:33):
He's a survivant need nae. So you end up will
catch up again soon. Appreciate it very much. Into Brady
out of the UK this morning. The Victoria Bickham docco
by the Way, lends on Netflix in about a week's time.
October ninth, eight forty five The.

Speaker 15 (01:23:44):
Mic Asking Breakfast Full Show podcast on I have Radio
how It by News Talks.

Speaker 2 (01:23:49):
It'd be don't mean to boy you with my own
personal problems, but I'm just looking at a headline at
the moment. That's in Auckland on the Upper Harbor Highway.
Is that you glinn.

Speaker 13 (01:24:00):
Not really?

Speaker 2 (01:24:01):
Okay, Well that's good.

Speaker 27 (01:24:02):
It depends which way I go, but.

Speaker 2 (01:24:04):
Well that's true. The traffic is goodlocked there's a five
killometer tailback because a digger fell off a truck. Now
how often? Now, what do we need to do about that?
Is it just me being old and grumpy? But there's
too much of this goes on when you're overtaking trucks
that you're just looking at their load and you're going
how long before that falls off? And there's only one

(01:24:27):
reason a digger falls off the back of a truck,
and that's because they didn't put the digger on the
truck in the first place properly. So that's going to
be ours of delays, and productivity is going to be
up the spout, and people are going to miss meetings,
and it's going to be tears in the back seat
for the kids and all that sort of stuff. But
at the end of the day, all it will happen
is that will be nine thousand road cones, four cops
and a whole bunch of people come along and pick
the digger up and send the truck on his way,
and you might get a ticket of some description. What

(01:24:49):
we need what do we need to do? Do we
need to taser them? Do we need to put them
in jail? Do we need to find the company an
amount that they will go? We will never make that
mistake again, because a guarantee, whatever happens to the idiot
who put the digger on the truck, the answer will
be nothing, and he won't care, and then he'll just
go about his business. And this stuff happens too much until.

Speaker 27 (01:25:08):
I guess, as far as famously said, stupid is as
stupid does.

Speaker 2 (01:25:11):
Stupid is as stupid does. By the way, aviation is
very very pleased to read yesterday. We're looking for a
good October, possibly a good summer in terms of planes
returning to the country. Air passenger traffic was up in August.
Globally this is significantly up four point six percent, so
that's encouraging. October volumes are set to grow by three
point four percent. In New Zealand, they're launching out christ

(01:25:33):
your cheddlaid service. They're demand for that. How many people
in christ you just want to fly to Adelaide?

Speaker 4 (01:25:37):
Why wouldn't you well?

Speaker 2 (01:25:39):
Why would you wine well and goo wine and wine shop?
I need to go to Adelaide for they got to
a hawk's bay if you want wine. But my point
being that they don't have any planes. For a company
that's short of planes, why would you launch a christ
you jeddalaid service? Anyway, they're going to get another couple
of planes as well, a couple of Dreamliners in New Zealand.
So that's encouraging over summer. Jet Stars expanded. We told

(01:25:59):
you about that the other day Transtasment. So that's good
cathe they're increasing. Auckland Hong Kong. Now that's a place
to go. Auckland Hong Kong. That's a route that makes sense.
You go Augland Hong Kong. That's an exciting room.

Speaker 12 (01:26:08):
About Hong Kong isn't set out the same way as
Christ Churches whereas Adelaide is, isn't it.

Speaker 2 (01:26:14):
So you're going from one similar sitson to navigation issues. Oh,
I see what you're saying. But still still having said that,
Auckland Hong Kong sounds more fun to me. Auckland Dallas
Fort Worth, that sounds heaps of fun. So if you
just said to me, right, you've got three ritchs. We're
going to give away a prize this morning. You can
go to Auckland Dallas, Auckland Hong Kong or Christ Church Adelaide.
I guarantee you which one is going to win, which
one's going to come third? Nine minutes away from nine.

(01:26:36):
Imagine the company.

Speaker 3 (01:26:37):
My casking breakfast with Bailey's Real Estate news talks.

Speaker 2 (01:26:41):
They'd be just remind you who we are. Imagine a
company that backs itself so much that lets you bring
the product back any time. How good is this? Imagine
they promise never to increase the price, right for the
rest of your life. Is that too good to be true? No,
it is not. It's real. It's the unlimited hearing aid
subscription from resonate Health. Ninety nine a month. You get
top of the range here aids ongoing support and every

(01:27:01):
three years are free upgrade to the latest tech. No
lump sums, no surprises, no price hikes ever. And it's
not just Smart's ki we resonate Health one hundred percent
key we gown New Zealand own't which we love. Of course,
they've only been in business for three years, but they've
already got more five star Google reviews than any other provider.
They've grown to twenty nine studios in twenty nine months
because people trust the model. They like it. This is

(01:27:21):
a go to. This is a fantastic story. O eight
hundred resonate which is eight hundred seven three seven six
six two eight hundred seven three seven sixty six two.
Speak with the Resonate Hearing Health expert and book it
all online if you want to at resonate health dot
co dot inz Resonatehealth dot co dot z. Pasky Ci
all our family live there. We fly christ Church Hadelaid
four times a year. Better than going through Auckland. Yeah,

(01:27:43):
I've heard that.

Speaker 11 (01:27:43):
Auckland story before that if you can get.

Speaker 2 (01:27:46):
To the world by see Emirates. A lot of people
do emorates. Apparently they go from Auckland to christ Church
and out from Emirates to Australia, and then they can
go on from Australia to Dubai if they want so.
Five Away from nine.

Speaker 1 (01:27:59):
Trending now Chemist Warehouse celebrate big Friends and biggest savings.

Speaker 2 (01:28:04):
This is how pathetic the shutdown problem is. Sombrero Gates
is what we've got this morning. A Republicans say the
Dems want to give healthcare to illegals. Humuses, that's an
outright lie. Trump then goes and posts an AI generated
video of ha Keen, Jefferies and Shuma.

Speaker 6 (01:28:19):
Look, guys, there's no way to sugarcoat it. Nobody likes
Democrats anymore. We have no voters left because of all
of our walk trands bulls. Not even black people want
to vote for us anymore. Even Latinos hate us.

Speaker 2 (01:28:31):
Now that is just for the record, fake shumor. But
in the video, Jefferies is wearing frombrero and twiddling his mustache.
Jeffreys outraged.

Speaker 24 (01:28:39):
It's a disgusting video, and we're going to continue to
make Claire bigotry will get you nowhere. We are fighting
to protect the healthcare of the American people and the
faith of an unprecedented Republican assault.

Speaker 2 (01:28:54):
The marriage is Trump. It's got four MPs playing in
the background. Now we've got dvance been dragged into it.

Speaker 5 (01:29:04):
Today's presser a king Jeffrey said it was a racist
and I know that he said that, and I honestly
don't even know what that means. Like, is he a
Mexican American that is offended by having a sombrero? Meme
the American people recognize that he did not actually come
to the White House wearing a sombrero and a black
curly animation mustache, Like, give the country a little bit

(01:29:26):
of credit.

Speaker 2 (01:29:27):
Jeffrey's still not in pressed.

Speaker 24 (01:29:28):
The President has been engaging in irresponsible and un serious behavior,
demonstrating that all along Republicans wanted to shut the government down.

Speaker 2 (01:29:40):
Do you know the problem? And my wife says it
a lot, and she's right, she's right about everything, obviously,
but she says, I see the problem with the Dems.
And it's not just the Dems, it's left leaning people
in general. And you see it a lot in this country.
The Greens in particular, the left don't have a sense
of humor, and they don't laugh, they're not life of foot,
and they take themselves far too seriously, and that, sadly
is to the detriment. We're back tomorrow morning, Friday Mornings

(01:30:03):
edition of The mic Asking Breakfast. Always Crazy, as always
Happy Days.

Speaker 1 (01:30:09):
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.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Cardiac Cowboys

The Joe Rogan Experience

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

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 02 October 2025

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Cardiac Cowboys

The Joe Rogan Experience

All Episodes

Full Show Podcast: 02 October 2025

Stuff You Should Know