Full Show Podcast: 15 October 2025

Episode Transcript
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Speaker 1 (00:00):
You're trusted home for news, sport, Entertainment, opinion and Mike
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Speaker 2 (00:12):
Be Billy, You're welcome today, good news for mortgage borrowing
all good news from the classroom as time, it's maths
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charter schools open it Bill selected Gale Paratism, She's quit
gone out in the blaze of glory. Mark and Gilly
do politics Wednesday, Richard Arnold, Steve Price. They rock up
with some high quality contributions as well, pasking Welcome to

(00:32):
the day. Seven Pass six were amending the Policing Act.
Did you realize that police will be able to once
again take photos office? There has been an issue, apparently
some confusion as to where and when they could do it,
so that by the time they got it to court
it became problematic. The warning then came, of course from
the privacy freaks, as it always does, that we could
become a police state now. Personally, coppers can take as

(00:53):
many photos of videos as me as they want, because
I'm not doing anything worth videoing, and if I can
make the police's job easier. I'm all for it. See
it's been fascinating watching the National Guard in places like
Chicago and Los Angeles. It is, of course a political
stunt by a megalomaniac, but like a lot of what
Trump does, it actually starts with a semi sensible idea.
Major cities all over the world have got crime problems.

(01:13):
New Zealand's no different. Downtown Auckland is not a place
I go at night because it's ugly. I'd argue Wellington
as too, possibly christ Dutch as well. No, it's not
Chicago or Portland, but it's still not safe. If I
saw cops or the military at the top of Queen
Street or Courtney Place, guess what I'd feel better about it.
It's been extraordinary to watch the mayors and governors of
states troubled by drugs and gangs and rampant crime trying

(01:35):
to defend their area as though everyone was happy and
no one was afraid of anything. The federal intrusion is
Trump no pun intended the simple truth that a lot
of major centers are indeed no go areas. Authority and
the presence and surveillance of authority works. It makes places safe.
It allows freedom of movement if the police want to
photograph me. And do remember the downtown area of any

(01:56):
major center these days as festooned with CCTV anyway, But
a photograffingly allows us to move about the place more easily.
What an earth is wrong with it?

Speaker 3 (02:06):
What news of the world in ninety seconds.

Speaker 2 (02:10):
Day after the big swap? We have insight into what
the Israeli hostages went through.

Speaker 4 (02:14):
He has told us he was tortured brutally, at least
in the first few months. He was on his own
for a long time under watch. But he told me, Mum,
even in the most extreme situations, I knew I wasn't
going to submit to these monsters.

Speaker 2 (02:29):
Meantime, back in London, the tambloids having a field day
over Starmer's pursued humiliation in Egypt yesterday, Not that Starmer's
telling it like that.

Speaker 5 (02:35):
We've worked behind the scenes for months with the US,
Arab and European nations to help deliver a cease fire,
get the hostages out, get aid in, and secure a
better future for Israel, Gaza.

Speaker 2 (02:50):
And the Westboine and Kimi knows what to one.

Speaker 6 (02:52):
Leber decided to recognize a State of Palestine with no
condition to release the hostages still held in the tunnels
of Garza. Marca Ruviu condemned this recognition, saying it had
made ceasefire negotiations harder.

Speaker 2 (03:07):
I think she wins that one, of course, the ceasefire
is but the first step, and all the other steps
look complicated, including this one state two state thing.

Speaker 7 (03:13):
I'm not joking about single state or double state or
two state. We're talking about the rebuilding of Gaza. A
lot of people like the one state solution. Some people
like the two state solutions. We'll have to see. I
haven't drummed on that.

Speaker 2 (03:28):
In couple of other things, one migrant threaten to kill
Nigel Varietih's got some good jail time.

Speaker 8 (03:33):
The only reason we know about this guy is because
somebody sent it to me on TikTok And it makes
me wonder how many other matter passas are there now
in this country or will there be? As the boats
continue to cross the channel.

Speaker 2 (03:47):
And two America from a government working point of view,
is still closed down, which means the blame game is
still full on.

Speaker 9 (03:54):
Welcome to day fourteen of the Democrat government shutdown.

Speaker 3 (03:58):
It's two weeks, two weeks of.

Speaker 9 (04:00):
Democrats in Congress and inflicting untold pain on the American
people for nothing other than pure politics.

Speaker 2 (04:07):
Now, finally, we've got a huge dump of personal phone numbers.
If you haven't caught up on this one yet, We've
got a website and set up to expose the numbers
of when you get Trump, you got a BARMI got Albinezy,
you get Starma. Site claims to have over three hundred
million numbers. They'll all be changed by now this why
this is a so pointless? Anyway, individuals can fill out
of form to opt out of having their person details displayed,

(04:27):
but that poem would take a week process. Apparently that
is news of the world in ninety If you're not
up on this either, Zolensky's due at the White House
now Saturday. So War one sorted in Trump's mind anyway,
of course it has not been. Nevertheless, in as mind
it is. But so we go back to Washington. Zelensky
is now due at the White House on Saturday, and
also look it up if you can be bothered Trump.
He's made the cover of Time Trump, but he's not

(04:48):
happy about the photo. Eleven past six, the.

Speaker 1 (04:52):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talk.

Speaker 2 (04:58):
SEP Singapore, Keeping on, keeping on, three months to September GDP,
what do they come and at two point nine they'll
take that. And by the way, everyone is texting it's
a meteor. We don't know where over the North ironn.
Some people are saying why kat has, some people saying
Hawk's bait. But it's a meteor. That's what you're looking
up on the go. Well, what was it? It's a meteor.
Fourteen past brom Sure and Partners. Andrew kellerh good morning,

(05:23):
It's very good morning, Mike. Now the spending explain this
to me. It's why earning the big bucks. For the
month it's down, but for the quarter it was up.
So are we worried or not? What's going on?

Speaker 10 (05:33):
I think we should continue to be a little bit worried.
I mean, we've had lots of data out this week.
It's all giving us a window into the sort of
strength of the economy over Q three and I did reflect,
yes down the fact that we don't get this Q
three GDP number until the eighteenth of December, which just
feels like forever, isn't it. So yesterday, yeah, we got
more data one spending. So we've recently had insights since

(05:55):
a spending. We had the am said cards spending data
we spoke about that, we've had the paymark numbers. Yesterday,
SATs Zeal released electronic card transaction data for September. So
here we go. At the headline, spending in retail industries decreased.
You didn't mishear that decreased. It fell zero point five percent.
Spending in call retail industries fell zero point four percent.

(06:18):
Now that point five percent fall in the retail reversus
a zero point six percent gain in August, So we
got one step forward and then one step back. The
annual changes here, Mike, and total card spending is one percent,
total retail spending one percent up, so that's value. Remember,
so there's obviously price changes in there, called retail spending.
Annual change up one point four percent, so inflation really

(06:40):
really eating up all of that and more so, these
numbers are anemic, Mike, and particularly if you look at
them on per capita basis that they are anemic. So
you know, I keep talking. If you're looking for the flickers,
if you're looking for the glimmers in this data. It's
a pretty tough job, let alone looking for green shoots.
There's really no evidence of any shift here. Mind in

(07:00):
domestic demand. I mean, if I look at the breakdown consumables, durables, apparel,
all of these categories look fairly, fairly sick. That they
all fell. Durables like yes, is notable because it sort
of relates to the housing market. If the housing markets strong,
then people buying fridges and washing machines and that sort
of stuff. Well, it fell zero point eight percent, which

(07:21):
suggests that house prices, sales, building, et cetera doesn't have
much strength. But Mike, but there's a butt at the
end of this, there is a flicker. It's a little one.
Hospitality makes up twenty two million, one point five percent.
Something's happening in hospitality, Mike. I don't know whether it's
travel related, whether it's visitor related, but it gained one
point five percent last month as well. So look, that's

(07:42):
great to see. But in total, the numbers are still
still subdued. I think that's the latest word.

Speaker 2 (07:50):
Fair enough subdued it is. You talk about fridges and
the housing market, So what do we see outside of
central Otago, is anyone doing anything.

Speaker 10 (07:58):
Look, there are pockets of the start that I'm that
I'm quite liking to see. So this is the monthly
dose of data from Real Estate Institute in New Zealm,
house post data, sales, et cetera. And look, Mike, I
haven't boarded up for a while, but we do have
a bet on which I think is it's almost done.

Speaker 2 (08:12):
This conced I mean, I think to be frank, I
could have conceded probably in April. Yeah, it shockingly.

Speaker 10 (08:20):
My only concern Mike is will there be any restaurants
still left open in Auckland by the time we get there.
So that this is the house price and the next
housing market value nationwide has lifted zero point two percent.
Now that's not the monthly number, that's the annual number,
zero point two percent. And it does tale of two
markets in many senses Auckland year and your house percent
it's down one percent, but ex Auckland up zero point

(08:42):
nine percent. So the housing market is effectively still still
for twelve months, and yet no surprises you called it.
When you look at the regional data. The top three
regions all in the South Island. Southland up five point
seven percent annual Canterbury two point eight, Italio two point five.
So you've got these divides Auckland X, Auckland, North South,
urban rural. I mean those are all the devive. Here's

(09:02):
a pit of data that I do like. Though sales
are increasing, that's a critical element of working through high
levels of supply, and I'm talking about an overhang getting
rid of the overhang. So nationally sales up three point
one percent, again healthier outside the big smoke of aorbland.
But this is the number I think that's really important,
median days to sell. It's dropped six days. That's significant.
So we're churning through. We're churning through the overhang a

(09:26):
little bit quicker, and that's both in and outside of Auckland.
So it's forty three days. There's thirty one thousand properties
for sale. I think QB data was out yesterday as well.
It sort of supports the general thesis of what's going
on here too.

Speaker 2 (09:37):
Judo is super quick. The RBR change is going to
make any difference.

Speaker 10 (09:40):
No, I don't think it will, but it's had the
margin and it's a positive move. So the IRB and
z Reese the bulletin yesterday they noted the impact of
the debt to income ratios that brought in. They made
the fact, they sort of pointed out that debt to
income ratios work together with loan to evaluation ratios. Because
it's all working okay at the moment, and they're bedded
in the detaiys, they now get at the risk they're
now going to drop so the LBRs. But it is

(10:01):
at the margin, so it means the banks can then
a little bit more at the at the alvars. It's
a positive move, but probably only at the margin. That's
effective December.

Speaker 2 (10:10):
The first as well, by the right, no numbers please.

Speaker 10 (10:12):
So the Dow Jones is up three hundred and fifty
five points, which is three quarters percent forty six, four
hundred and twenty two. Note, Mike, we're going to keep
account on this now day fourteen of the US government
shut down, and the longer it goes, the less we
talk about. If you notice that the S and P
five hundred six six six six up twelve points point
one eight percent. The na's that they're just down slightly

(10:33):
twenty two thousand, six hundred and forty eight it's down
forty six pointser point two percent for one hundred gain
ten nine four five two, So small game there. The
Nicka still politically few political ructions there. It's given up
a lot of those games we talked about. It's down
one thousand, two hundred and forty one points overnight two
point five eight percent, forty six thousand and eight four

(10:54):
seven Shangho composite down point six two three eight six fives.
The Aussie's gained point one nine percent yesterday on the
A six two hundred and eight eight nine nine, and
then Sex fifty lost just over half percent thirty thousand,
two hundred and seventy seven. The key we was going
to I was going to call the Kiwi dollar a
bad word, but it's foul below fifty seven cents over
a night point five seven one seven, languishing point eight

(11:16):
eight one to zer against the ossie point four nine
two three euro point four two nine to one pounds
eighty six point seventeen four to two. Yeah, you're not
miss hearing me four to two. Yeah, I was going
to call it the keyw Wei payover. That's probably I
shouldn't do that sort because that's you know, that's that's sorry.
Carry on, Yeah, gold four thousand, one hundred and forty
four dollars just keeps going and Brent Crude, here we

(11:37):
go positive to finish that sixty two.

Speaker 2 (11:40):
Dollars and forty eight seens. I'll take that well' Andrew
Kella Hershure and partners. Lachel Reef's got a budget next month.
She'll be please because the IMF have come out overnight
and said the UK is going to be the second
fastest growing economy in the G seven, behind only the
United States. And Boeing had a good month. Fifty five
aircraft in September. That's the most since twenty eighteen seven

(12:01):
three seven max. They reckon they can do forty two
of them per month by the end of the year.
Currently capped by the FAA for fairly well known reason.
So they they're bullish hopefully six twenty one and a half.
You're a News Talk ZMB, the.

Speaker 1 (12:16):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (12:21):
B Come on, Mike, the lower dollars great for our
exporters and we need some export dollars currently. Mike, you're right,
but you're wrong. There's a balance to be struck because
we're a net importing nation. We import more than we export. Unfortunately,
hence we've got a trade deficit, and you don't want
a trade deficit. So the lower dollar, of course makes
imports more expensive. So there's a balance to be struck.
Because according to your theory, why don't we just make

(12:42):
the pound instead of forty two, Let's make it one
and then we could export till we're blue in the face.
It doesn't work that way. Madagascar, Rajalina is safe, but
the military's done it. They've gone and done it. They've
taken power and they've ousked to Rajalina. They've suspended the
key democratic institutions. Constitutional courts gone, electrical mission's gone. Lawmakers
have voted to impeach Rausia Alena. We don't know where

(13:02):
raj Aalina is, but he went on Facebook yesterday said
I'm hiding and I'm safe. So he's rejected the impeachment
as null and void. So Madagascar continues to be well.
Madagascar six twenty five.

Speaker 1 (13:14):
Trending now with chemiswereuse great savings every day.

Speaker 2 (13:19):
A couple of animated films that are breaking records. Demon
Slayer Infinity Castle is on a roll.

Speaker 8 (13:27):
Now.

Speaker 2 (13:27):
We told you. Last week it had moved into fifth
place for the highest grossing movie so far this year.
It's now become the first Japanese film ever ever across
the six hundred million dollar global box office market sits
this morning at six hundred and forty eight million in counting.
It's also now the highest grossing international movie ever In
the US. It turned almost one hundred and thirty million
US at the box office, beats out Crutching Tiger Hidden Dragon,

(13:48):
which held that record for twenty five years. So we're
talking history here, and there are two more in that series.
They're coming out twenty seven and twenty nine. Then we
come to the K Pop demon Hunters Hit Me Yeah time.
So that's become Netflix's most popular film.

Speaker 11 (14:06):
Of all time, of all time, it's been seeing more
than twe or twenty hived a million times, which beats
out Red Notice.

Speaker 2 (14:16):
Would you have said Red Notice? If I said to
your most popular all the time? Would you have gone, oh,
read not? No, I don't think so. Then it went
on to beat the first season viewership numbers of squad
games see squid Game. I would have gone if I
would have gone squid Game Pop Quiz at the pub
I would have gone Mike Entertainment, squid Game, and I
would have been wrong. They're making it Netflix's most successful
release ever. It's a strange old world, isn't it. But
these LVR is interesting. Yesterday you got to ask the

(14:38):
question once Adrian. Isn't it amazing how you can see
the world in a different like Post Adrian, all lvrs
were musts, debt COO incomes musts. All that money the
retail banks had to keep aside just in case were
musts according to Adrian. And now all of a sudden
that Adrian's gone, suddenly we can do it all differently.
Isn't that amazing? So Squirrel mortgages. We'll talk with David Cunningham.
Is this going to drive demand of the market place?

(15:00):
The first time buys back the investors back will do that?
In the next half hour, and our new hero of
the week Gail Parata out of Netball New Zealand. She's
joining us after seven thirty meantime, News.

Speaker 1 (15:10):
Is next, the newsmakers and the personalities, the big names
talk to Mike the mic Hosking Breakfast with the Defender,
embraced the impossible news togs.

Speaker 12 (15:20):
He'd been so.

Speaker 2 (15:21):
Many respects was of course the easy but so what
now for the Middle East? As Trump's back in Washington
wedding BRAZILIANSKI on Saturday on a related matter, different war,
same problem anyway, Richard Arnold in the state shortly meantime
back here. Amazing how the Reserve bankers are saying a
moment ago, Amazing how the Reserve Bank views the world.
One's agary and leaves the building, isn't it. We've got
changes to the loan to value ratio LBRs. Essentially the

(15:41):
retail banks will be able to lean more money to
people with low deposits. So does it fire up the
housing market? David Cunningham, as the CEO of Squirrel Mortgage Mortgages,
back with us. Good morning, Good morning mate. Are we
on the right track here?

Speaker 13 (15:54):
We are? For once, I'm quite conflimentary of the Reserve
Bank on the changes here. They've got a good toolkit
and they're using it wisely. So yeah, this is a
really good move and the background paper that they've done
on it is sadly presented and based on good research
and good thinking. So congratulations to the Reserve Bank for
a change that is.

Speaker 2 (16:14):
It debatable that we even needed to be as restricted
as we have been.

Speaker 13 (16:18):
With the toolkit that the Reserve Bank had before with
loan to value ratios, it lacked one thing, and that
was that when enterprices property prices went up, it basically
enabled banks to lend more. So property prices would go
at more, which enabled banks to lend more and so on.
And so what the debt to income ratios, which came
in a bit over a year ago, have done is
set some guardrails around that that says, hey, this is

(16:40):
thing called income and how much you're borrowing. And so
those two together work far more effectively because there's a
natural guardrail from the debt to income ratios, which which
sort of the Reserve Bank calls this pro cyclicality. The
more you lend, your more you can lend sort of things.
So yeah, I think it's sort of good outcome, and
it's enabled the Reserve Bank to ease the loan to

(17:01):
valuatia restrictions, not that they were really applying because the
economy has been.

Speaker 2 (17:05):
Dead there were Well that was my next question, where's
the demand bit at? I mean, is there a demand?
If you've had more money, will people take it up?

Speaker 13 (17:14):
Look, there's been no constraint for ages. Now, you haven't
been in recession for best part of two years, so
you know the housing market has been falling in price
for a long period and then stable for the last year,
so the demand's not there today. This is very much
a long term change to the toolkit and how it
will be applied. It's positive definitely, first home bars because

(17:35):
the speed limit, as it's called, so the amount of
lending banks can do above that LVR level that there
reserve Bank sets, which is eighty percent for homeowners and
seventy percent which is slightly raised for investors. So they've
raised that amount that can be done from twenty to
twenty five percent for the homeowners and from five to

(17:55):
ten percent. Now that's a speed limit. Banks will always
operate under the speed limits. So when the speed limit
was say twenty vesents for home buyers, they operated at
sustained So it's not like, you know, you get a
speeding ticket and they're well, whatever, our payer, you can't
do that. As a bank, they never want to pass
there because the reserve bank will.

Speaker 12 (18:13):
Come down on them hard, all right.

Speaker 2 (18:14):
David appreciated David Cunningham, CEO of Squirrel Mortgages, with us
this morning, our Richard Ardel Next twenty two.

Speaker 1 (18:20):
The Mic Hosking Breakfast Full Show podcast on I have
Radio powered by News Talks It B.

Speaker 2 (18:27):
Bailey's real estate more than just property, of course, total
real estate solution, family homes, yes, beachside retreat you got
at commercial properties, they do, at all industrial offerings, farm
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(18:49):
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(19:12):
best way to do business. That's the way we like
to do business through a comprehensive range of services, strategic
international partnerships. Bailees basically finds the buyers that others can't.
They are the best of the best. Bailees dot co
dot n Z for all the details. Hasky, Mike, where's
the evidence the British economy is going to be the
second biggest growing economy in the world. I didn't say that.
I said the G seven are only beaten by the US,

(19:34):
and it comes to us this morning from the IMF. Mike,
you make you a good point. Read the dollar. However, with
the current state of our economy, what we need most
is money flowing into the country, not out of it.
When exports earn more, this ripples through the economy. Think
increased transport wages. Importers don't create that same domestic flow
and money leaves New Zealand. But I maintain a lower
dollar is a better stimulus for an export driven economy

(19:55):
like ours. Mike, I agree, but disagree. I love these
debates too. What's a lower dollar? Is it eighty seven
Australian or is it sixty nine or is it ninety two?
And in that is the problem. You're wrong, Mike. A
country that depends almost solely on community exports and tourism
should not have a budget deficit. Well, I'm not wrong.
I didn't say I liked it. I just said it
was a statement of fact. We have a trade deficit.

(20:15):
We shouldn't have a trade deficit. No country should have
a trade deficit. But the cold hard reality, as we
import more than we export, we need to do something
about it. And the benefits from a lower country. The
point of the debate is where's the have a lower currency? Fine?
But how low? How low? Before it becomes problematic and
you're wandering around in a wheelbarrow full of cash like
Zimbabwe sixteen.

Speaker 14 (20:34):
Two International correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (20:40):
Well, good morning to you, Mike. Go back in Washington.
Where do we go now? Ah?

Speaker 15 (20:45):
Well, we're coming off today, aren't we? Engulfing emotions as
twenty of the hostages held by her Muss more than
two years were returned to their families. As we saw, yeah,
more than seventeen one hundred Palestinian detainees in two hundred
and fifty prisoners also released as part of this Phase

(21:05):
one deal. President Trump has applied the pressure for this
ceasefire and was hailed in the israelikan Essa before moving
on to Egypt for that regional summit, which Israel's Ninthignie
who did not attend Netannia, who repeatedly praised Trump as
the greatest friend Israel has ever had, quote unquote, But
the Nettannier who speech said nothing about the Palestinians. So
the next steps for Israel and Gaza are uncertain. Already

(21:28):
there are some hiccups for bodies of just four of
the Hamas hostages who died in captivity have been returned,
including an Israeli who died of untreated injuries and a
Nepalese man who was murdered. The families of the twenty
four others who died are calling for an immediate suspension
of the ceasefire, says Ruby chen On, an American whose
son was killed.

Speaker 16 (21:47):
Ittai was the youngest US citizen taken on until the
seventh President tomp and HISTMF talked so much about putting
American's fust, and I don't understand how when this category
of the seas coming out up, the United State was
not able to put its foot down and say to
the mediators to Katal, we want our citizens back. We
want US US citizens and for some reason, I don't

(22:09):
know why that's not happening.

Speaker 15 (22:10):
Well. On his way back to this country, Trump claimed
again that the war is over and a golden angel
lies ahead for Gaza still and he had no input
as to how to resolve the Israeli Palestinian standard.

Speaker 7 (22:20):
Talking about rebuilding Gaza, I'm not talking about single state
or double state or two state. We're talking about the
rebuilding of Gaza. A lot of people like the one
state solution, some people like the two state solutions. We'll
have to say I haven't commented on that.

Speaker 15 (22:38):
It is the central issue. There is the twittery point
piece proposal, but it lacks detailing key areas and the
implementation remains tenuous. Israeli forces have pulled back to a
line that leaves them still involved in about two thirds
of Gaza. Hamas has not agreed to give up their weapons.
The formation of a new government buying technocrats who can
shift power from her mass as yet to happen. There

(22:59):
is fighting between Hamasa and other gangs in Gaza. The
key Ruffer border crossing still is closed. It's a long
list here. There has been bipartisan prays for Trump, including
from former presidents Biden and Clinton. But the task for
the US in bringing real shape to the troubled region
that assignment persists since is.

Speaker 2 (23:15):
True, We go back to April Shapiro's house. It was torched.
The sky's now for guilty.

Speaker 15 (23:19):
That's right, Shapiro, of course, one of the top Democratic
contenders for the twenty eight presidential elections. Here Pennsylvania's governor
has just spoken about the guilty plea by this individual
who tried to kill him, Shapiro saying it is difficult
for him even to say the words that he was
a potential murder target. This time is back to the
time you mentioned when that maniac thirty eight year old
Cody Bama broke into the governor's mansion and set the

(23:42):
place on fire, causing the extensive damage. That individual now
has pleaded guilty to attempt a murder and to twenty
two counts of arson, faces up to fifty years in jail.
Prosecutors have released new video of the attack, and we
see how he used multiple Molotov cocktails to set far
the dining room near where the governor and his family
was sleeping. It shows also that he tried to kick

(24:03):
open a door which would have opened into the area
where the governor is and his family and friends were,
but that door was locked and he was unable to
get through. The governor says it has been difficult to
recover from all this and to answer his kids questions
about how someone could have made it so far into
the residence that day. He says he doesn't know that
he's been able to ease all of his children's worries.

Speaker 9 (24:25):
I need you know this is an on going thing
that we are dealing with and we are working through,
and I think we're confident it'll get better, but we
also know it's going to always be with us.

Speaker 7 (24:41):
Well.

Speaker 15 (24:41):
You hear the emotions, don't you. At a time when
politics and political violence so present here, including the shooting
of the Minnesota State polym with a Hartman and her husband,
and the murder of activist Charlie Kirk, and of course
the two attempts on the life of Donald Trump.

Speaker 2 (24:55):
Good stuff. Richard arnoldback on Friday just related matters that
the Eurovisi song contest got very political there for a while.
The EBU, which is the European Broadcasting Union overnight recent
developments in the Middle East have prompted us to cancel
our virtual meeting schedule to take place in November. That
was all about people who were building up the Austrian
National Broadcaster orif were hosting the event next year. They

(25:18):
were urging countries not to boycott, but in growing number
of people that goes, we're going to look at Israel's there,
we're not so Spain, Ireland, Slovenia, Iceland, Netherlands etc. Said look,
we're going to consider boycotting. So that seems to have
been resolved, which is good unrelated matters, but nevertheless very
important to follow this lack on you. Guy who's been
reappointed as Prime minister overnight has suspended what basically is

(25:41):
Macron's legacy policy, which is the twenty twenty three pension reform,
which wasn't going to come in until twenty twenty seven,
in other words, delaying retirement in France. And you can
imagine all the left wingers who leck on you needs
for the budget. The budget is pressing, he needs to
present something, and so he's caved overnight and he said
there's going to be no increase in the retirement age

(26:02):
to take place now until January of twenty eight. So
Macron takes a bit of pain, Lacon You takes a
bit of pain, and presumably he's got enough left wingers
or he thinks he's got enough left wingers on board
to be able to win the no confidence vote, because
if he doesn't, he's out again. It'sen away from seven.

Speaker 1 (26:20):
It's got my costing breakfast with Bailey's Real Estate news Dogs.

Speaker 2 (26:24):
They'd be usually a couple of things. Of the car
industry in America, it's k shaped at the moment. The
economy is Cay shaped for consumers, so some up, some downs.
It's the two step. The average price of a car
last month's top fifty thousand dollars on average. The average
price of a new car top fifty thousand dollars for
the first time ever. But at the same time, defaults
and repossessions have increased as of late. So people have

(26:45):
got money are doing fine and they're out with alacrity.
People haven't got money are sinking. And this gives you
an insight yet another insight into the dilemma. That is
ebs GM have announced overnight general motors, so it is
just one company in one and they will take in
the third quarter a one point six billion dollar het

(27:05):
out of its all electric vehicle plan not playing out
as anticipated. So that's all the production. That's the workers,
it's the things that never happened. It's the cars they
never sold. So one company one quarter one point six
billion dollar hit, five away from seven while the.

Speaker 1 (27:21):
Ins and the outs, it's the fizz with business fiber
take your business productivity to the next level.

Speaker 2 (27:28):
I will get to the hospital after seven o'clock. They've
got record income at the moment. But Westpac have been
having a look at the economy as a whole. So
what do we have? So this is their regional roundup.
The winter is thawing. They do this weird thing like
we're all three year old, so it says we're cold
or thawing or warm or whatever the hell it is. Anyway,
businesses have been spoken to for the reports, say, but
whild conditions are still very challenging, especially in retail and construction.

(27:51):
They're not going backwards anymore like they have been over
the past twelve months, so that's good. Rural regions, of course,
are doing the heavy lifting. Dairy, agricultu sure if you're
in that area. You're laughing at Tago, which includes Queenstown
Lakes District start performing yet again. Mix of farming, increases
in international tourism, spending, a lot of building lot just
a huge amount of construction going on in that part

(28:12):
of the world. Why is it, I asked the question again,
why is it that Central Otago make the best homes
in the country. If you're looking for architectural individuality, no
one does that better than Central Otago. What is it?
Is it budgets? Is it architecture? Is it the owners?
Is it people going there? I'm going to build my
dream home. I mean, yeah, there's a lot of shists

(28:33):
and all that sort of stuff. I get that, But
I mean you get shissed anywhere if you truck it
up the country. It just seems to me, if you
look at your average house in Queenstown, Central Otago, it's
a vastly better looking thing then you'll find anywhere else.
Consumer confidence is downwellingtonness is Consumer confidence is down sixteen
percent on the historic average. Labor markets have struggled, as
we know ten year average by region as well. Down

(28:56):
on confidence. By the way they calculate it by saying
that any number over one hundred indicates the number of
households who are optimistic outweighs the numbers who are pessimistic.
National average by region currently ninety point nine, down from
ninety nine. Closer though to the key one hundred Marcus
Auckland ninety ten point five Aulish in Auckland regional economic
confidence bouncing back. They've got their optimistic pessimistic number needing

(29:17):
to be zero. Why Kattobay are plenty, Canterbury in Southland
above that Southland plus twenty five your boom mink, you'll
Laughin Wellington the worst at minus thirty two. So that's
your look broadly speaking at where we are at in
the country. But as I say, HOSPO, the numbers, if
you look at the individual's spending of late, HOSPO has
been up. Everything else is down, but Hospo's up, whether

(29:38):
you look at monthly, whether you look at quarterly, hospos up.
So that means now record their new report this morning,
record revenue. So how can you on one hand tell
us life is miserable in HOSPBOW but you've never made
more money? How do we do that? And then Jerry
Browny haven't mentioned this so far this morning? And watching
Jerry on the house yesterday Question Time, what was potentially
quite a good speech and a reasonable telling off went

(30:01):
up on a puff of smoke because he's got no spine.
So we'll talk about the changing of the rules with
David Counter shortly.

Speaker 3 (30:08):
Credible, compelling the breakfast show.

Speaker 1 (30:10):
You can't bess it's the Mic Hosking Breakfast with Bailey's
real Estate finding the buyers.

Speaker 3 (30:16):
Others can't use togs deadb.

Speaker 2 (30:18):
Only seven past seven, so you might have noticed a
blake and the spending numbers, although many are still struggling,
the hospital sector seeing a bump. Their annual report shows
record sales of fifteen point nine billion, takeaways up three
point two percent to four point four billion, cafes, restaurants
up zero point three percent to seven point eight billion.
International visitor spending our climb nine point two percent out
eighty six percent of pre COVID. Marissa midoires the CEO

(30:39):
of the Restaurant Association and is with us. Good morning,
Good morning mate. How do we argue two different things?
You argue that things are tight, they're strained, and yet
you're pulling in record money. How do we explain that?

Speaker 17 (30:49):
Well, Look, as you've mentioned, we've seen record sales for
the year, but that doesn't necessarily mean record profits. The
one point four percent revenue growth that we've seen has
really been eroded by in costs. Food prices are at
four point six percent, wages continue to climb, and insurance
and rent have all gone up as well. So while
the numbers look good on paper, margins are tighter than

(31:09):
ever for most operators.

Speaker 2 (31:11):
We have seen those spending increase in hospital for the
last couple of months. There's something going on there. Do
you know what it is? Is it tourism or is
it locals just fed up and they want a sandwich
in a beer.

Speaker 17 (31:21):
Look, from what we're seeing, it is an uptick and
tourism numbers, which is such a positive sign for our
industry and very much welcomed.

Speaker 2 (31:29):
Is it the immigrant issue as well, in the sense
that are we over hospited? In other words, people come
to the country and they go and I'm going to
buy myself a cafe, whether they know what they're doing
or not.

Speaker 17 (31:40):
Look, I think, you know, hospitality is a very accessible
business model, but I think that's what makes it dynamic.
That's why as a consumer of hospitality, you know you're
in a great position there's lots of people wanting to
open businesses, try creative you know, sort of business models,
but really is great for consumers. However, it does mean

(32:00):
that there is some risk with that business model. That's
why we always encourage people to seek business advice before
opening the doors.

Speaker 2 (32:08):
People still seem to be piling in though, don't they.

Speaker 17 (32:12):
Well, look it is. We are seeing some subdued numbers
in terms of diners. Your household budgets are constrained, but
people are still dining out. They're just adjusting the way
they're dining out, spending a bit less, grabbing the shared plates.
They still want to dine out. Kiwi's love hospit and
that's why our industry continues to keep moving forward.

Speaker 2 (32:34):
There's also a luck story, isn't there If you're near
the CRL in Auckland, if you're not in the tourist
area like Queenstown. You know what I'm saying. If you're
in the wrong place, you got trouble and there's not
a lot you can do about it.

Speaker 17 (32:45):
Absolutely, and we've seen that. We've seen you know, some
regions have been hit harder. Our CBDs are struggling as well.
We haven't seen the sort of foot traffic get back
to pre COVID levels yet, So look there is it's
a two feed economy in a lot of ways. They're
some areas that are doing very well and others that
are struggling.

Speaker 2 (33:03):
All right, Marissa appreciated. Marissa Bidwoirre, chief executive of the
Restaurant Association, coming up ten minutes past seven speaking Jerry
brownly looking to tidy Parliament up after he get another
decorum incursion from the Mallory Party, who, as he pointed out,
her more about noise and attention seeking them making the
place better, so stronger penalties, sanctions for non attendants, tough
addressed standards. David Carter, former Speaker of the Houses, back

(33:24):
with us, David, morning.

Speaker 12 (33:25):
Morning, Michael.

Speaker 2 (33:26):
I thought he missed a little bit of an opportunity yesterday,
honestly thought he was going to call Arenny out and
he didn't. Could he have? Should he have? Or should
somebody I e. And MP in the ensuing period since
last week have called them out and got them in
front of the Privileges Committee.

Speaker 12 (33:40):
The speakers responsible for setting the standards of Parliament, and
he has to do that. They were lowered by mister
Mallard and mister Brownlee now has the responsibility to up
the standards in Parliament. He needs the backing of parliamentarians
to do it. He's chairs the Business Committee that meets
every week. If he can get the majority of parliament
Terrians to agree that the standards have slipped and need

(34:02):
to be improved, then he'll be able to do it with.

Speaker 2 (34:05):
These Do you think he will get that support?

Speaker 12 (34:08):
I think he definitely will. Parliamentarians like to think they
are members of the highest court in the land. Make
the highest court of the land adhere to standards that
are suitable, and I think the parliamentarians would back Jerry.
He's just got to show the world to do it.

Speaker 2 (34:22):
Is there any room in there? I was thinking about
this as he was speaking yesterday. There's a lot of
I mean, you and I can sit here and go gee,
it's not like it was in the old days, is it?
But these aren't the old days. Is it the regenerational
slash cultural clash here that we might want to pay
attention to or is it just gone too far?

Speaker 12 (34:40):
I think it's gone too far. But I do agree
that you've got to be continue adjusting your alls. So
the Mary Party are there. They're very strong and personalities.
They need to be listened to. But they are part
of the Business Committee. The Business Committee meets regularly. It
arives at decision by near unanimity. Doesn't require every parliamentarian
sitting around the Business Committee to agree, but the majority

(35:03):
win and that Parliament itself needs to adjust the rules
and be prepared to do so to raise the standards.

Speaker 2 (35:09):
Is it just the Mallory party in your viewer of
the Greens fall under this net as well.

Speaker 12 (35:14):
I don't watch parliament anymore. I was there for long
enough and I don't have to. You're the one that does.
I think all parliamentarians need to consider whether the standards
have dropped. I think they have. You had the speech
the other day that made the speech has caused the trouble.
It went well over time. That's not allowed to happen.
If you allow parliamentarians to just have their own speaking
times will become chaos. But the speaker, mister Brownie, could

(35:37):
have actually controlled that. He could have cut that speech
off at due time. He chose not to. He's got
it tough enough as well.

Speaker 2 (35:44):
Good on you, David nicely said. David can't a former
speaker of the house. We'll talk about it with Jinny
and Mark, of course, who were in the house. But yeah,
it was building. I watched it live and I thought,
hang on, he's heading in the right direction here. I
think we've got something. He's going to name her and
he's going to do something about it, and he's sort
of whimped out. And I think my general criticism of
Jerry brownly so far as he's not a great speaker.

(36:05):
He's certainly better than Mallard, but that's saying nothing. He's
certainly not as good as Carter was. He wasn't as
good as Jonathan Hunt. And you can go back further
from that morning, Mike, it is thirteen past seven, Holy Mike,
A big difference between top line sales and making money.
One point four percent growth in hospitality doesn't translate to
making more money when inflation's at two point seven, food
inflation at four point six. Fair point. But I think

(36:27):
I'd still stand behind my comments that hospo's too open
to anyone who's got a checkbook and wants to buy
themselves a job, And HOSPO is also still too open
to people who aren't that good. And when you take
a large diverse sector. It's easy to average it all
out and start moaning and going. Whereas I can name,

(36:47):
and you can name because we all do it. You
name any number of people who are actually doing very well. Indeed,
thank you if you work hard and give people what
they want, relaxing LBR's Mike shows it was never about
managing risk. Its controlling people. DTIs dictate your allocation of
funding keeping people in their income class. Well done, well said,
they do nothing for risk. Now you can have six

(37:08):
to seven times and come with no or much lower
LBR buffer. It's incredible, isn't what a control freak? Adrian
or was my ongoing argument, and it's been this way
the whole time. I don't actually think we need the
reserve bank making rules. You need a reserve bank and
you need somebody kind of I guess overseeing, like you
need a boss, but you need to get out of
bank's face. Retail banks know what they're doing. How do

(37:29):
we know this? Because they're successful and they're profitable, always
have been, always will be. Why do you need some
wonk in Wellington on the terrace telling you how to
run your business? Fourteen past the.

Speaker 1 (37:40):
Like asking breakfast full show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (37:45):
At b Gail Perata I think is my hero of
the week. She's the selector netball selector who's gone out
in the blaze of glory. She's with us shortly seventeen
past seven, right, another good report from our education sector.
ERO report shows changes to how the English and maths
are taught in primary schools, making a material difference. So
teachers are seeing higher student engagement. Three quarters of parents
say their child as showing clear progress. Lucy Naylor's the

(38:07):
Auckland Primary Principal's Association president also principal at Milford School
and as what this Lucy morning.

Speaker 18 (38:12):
Good morning mate.

Speaker 2 (38:13):
Would you agree? Do you see it?

Speaker 18 (38:16):
Absolutely? Look, this is very promising early signs of improvement
across the sector. As you say, teachers and parents are
reporting the students for achieving much better in English and maths. Yeah,
we're really starting to see change.

Speaker 2 (38:29):
Good, good good. My only concern about this report is
it's observational as opposed you know, one on one equals two.
Observations are a bit loose around the edges. Is a
feel good as valuable as a number.

Speaker 18 (38:41):
In this instance, because it's early days. I think it is.
We've only been implementing the new curriculum since February this year,
so we haven't really got a lot of traction. But
this is definitely good signs and promising for moving forwards.

Speaker 2 (38:56):
And have you seen it in the phonics that we
talked about earlier on in the week as well.

Speaker 18 (39:01):
Absolutely, Look I'm talking from my own school now. Absolutely
we've seen huge improvements and the phonics checks and the
engagement as well, and the attention of the children that
are being taught using structure literacy.

Speaker 2 (39:14):
Isn't this Because we had Eric r on yesterday and
I asked, is this low hanging fruit? I mean, in
other words, what I mean, is this the easy stuff?
And of course we were going to see improvement? Or
is this material? Do you think? And this will continue?

Speaker 18 (39:27):
I think this is going to continue to be honest,
I think education that the English and Maths curriculum we're
kind of at a springboard. We're all prepped and ready
to leap into next year. There has been a slow
down and the roll out of the other curricular mirrors,
which is really useful for the secretor because we can
really focus and now the English and the MAS isn't it?

Speaker 2 (39:47):
Isn't this wonderful to be talking about education at long
last and such a positive light?

Speaker 6 (39:52):
Oh?

Speaker 18 (39:53):
Look, absolutely, and that success is largely down to the
massive work at primary schools teachers and leaders have put
into implementing the curriculum changes.

Speaker 2 (40:05):
I'm so excited to go well, Lucy. Appreciate the insight,
Lucy Naylor, the Auckland Primary Principles Association, all the people
texting me on this was yesterday as well as you
realize it's only a small sample. Mind, is there a
default position among some people in this country to be
miserable and to be negative? All we've presented so far
this week is good news. Is there more? Hopefully?

Speaker 7 (40:21):
Do?

Speaker 2 (40:21):
We know? Not yet, But what we have so far
is good news. Things are changing, things are getting better.
And all the teachers and all the principles, all the administrators,
and all the government ministers and all the people have
worked on this deserve credit for what is seemingly indisputably
a success story. Seven twenty.

Speaker 1 (40:40):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, How
It by News TALKSP.

Speaker 2 (40:48):
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corner of Pancha on Halsey Street. This and Auckland we're
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Most stories need a hero, and gayale Parata might fit
the role. In this particular netball mess or is it
now a scandal? Gaale Parata has resigned as a national

(41:54):
netball selector, and in doing so he has gone out
guns blazing. Because of that has given the rest of
us a decent insight into what a shambles the Nolding
two story really is. This thing is now weeks old,
and when we say weeks old, weeks since she got
stood down. The story the incidents, the genesis goes back,
apparently to a camp in summer. Taru's treatment, writes Paraha
on social media, sends a chilling message to every coach

(42:15):
in the country. The coaching profession's voice has been sidelined.
Even the most successful world class coaches are now dispensable.
The very essence of coaching relationships, trust and lived experience
no longer seems to hold weight with those making decisions.
She's on a roll at this point. God bless her
who she asks would step into a role now knowing
that one complaint, one misinterpretation, or one moment taken out

(42:38):
of context could end your career. Now, the value of this,
quite apart from the fact that it's the first time
as far as I know, that we've heard from a
so called third party, is that the so called third
party seems to infer what we all suspect. This thing
got blown out of all proportion. This thing, whatever it is,
seems to involve some sort of upset, moaning, whining, fragile
ego related overreaction to an event. In other words, some

(43:01):
players got a bit huffy over Nolean's approach. So the
big question for all in New Zealand is just how
many casualties do you want? You've got star players publicly
calling you out and wanting their coach back, You've got
lawyers and six minute blocks charging god knows what, and
now a selector who clearly feels someone has to break
the silence and flush a few truths out. The damage
is to Nolean, to the sport, to the selection panel,

(43:24):
and to coaches generally, because the questions raised by Parata
are all excellent and like all the other questions in
the stinking mess, requires some answers asky and the even
better news about that, as Gail Parat is a couple
of moments of issues on the program. Directly after the
new seven twenty five, Mike Adrian Orr was working with
Robertson to control regulations on the banking system borrowing to

(43:44):
reduce house price's debt to income LVR. We're not about
the bank system risk. It was in disguise another agenda.
These banking restrictions actually worked in the UK. Mike I
said this from day one that Jury is an extremely
lazy to speak. The number of times he should have
leapt to his feet being the gavel and given so
many MP's from any side of the house a good serve.
They're now reduced to a bunch of unruly kids. Erica

(44:05):
Stamford should be the speaker. Ericas Stamford can't do everything.
You got to stop this. Every time you find a
half decent politician, you can't make them the prime Minister,
you can't make them the speaker. I'll tell you what.
I'm going to raise it with Mark and Jenny. I
was watching the House yesterday as I always do. It
was clashing unfortunately with the Commanders and the Bears. But anyway,
be that as it may. And also, but here's the point,

(44:25):
Luxon needs some work on Question Time if you watch
question time, let me know. And the best example came
directly afterwards with Bishop. So Luxon doesn't look confident in
question time. Now, I know this is wonkishon in the
weeds because most people don't watch parliament, but here's one
I know about the Parliament. If you've got somebody who
does question time well, it emboldens the team. The team

(44:46):
go that guy's good, he's our man. And Luxon doesn't
seem to understand question time or use question time well,
or look remotely confident in question time. He doesn't look
prime ministerial. There used to be this question they go
to ask the prime Minister to stand behind all his
acts and deeds or words and whatever the question is,
and you leap to your feet and you go, yes,

(45:07):
I do. And here's the best example. Today doesn't do
that anymore. He just goes yes and then sits back
down again. But you look at Bishop yesterday. Bishop owns it.
Bishop had charts yesterday, he had numbers and he had facts,
and he stuck it right up the opposition, and you thought,
that's the guy who knows the rules, that's the guys
comfortable in the house. That's a good performer. And that's

(45:27):
what they need more of anyway, Mark and Jinny after
eight o'clock for you in the meantime that he uses
next ahead of Gail, You're on the Mike Hosking Bridge.

Speaker 1 (45:37):
No fluff, just facts and fierce debate, The Mic Hosking
Breakfast with al Vida, Retirement, Communities, Life Your Way, News,
togs Head Been.

Speaker 2 (45:46):
I continue after eight Politics Wednesday, twenty three to eight
writers we mentioned before the news is Gail Parata and
it bore saving grace. He's quit his National selector and
gone out making a number of suggestions over the way
the Nolding Tarler saga has been handled. Gail Parata is
with us.

Speaker 3 (46:00):
Good morning morning mate.

Speaker 2 (46:02):
Let's start with really simply your level of concern and
upset at this whole business. One. You couldn't give a
monkey's teen. You're apoplectic. Where are you at?

Speaker 19 (46:12):
Well? Maybe a safe seven?

Speaker 2 (46:15):
A safe seven. You don't quit because nothing's going wrong?
What led you to speak out the way you have?

Speaker 19 (46:23):
Or absolutely disappointed in the whole process of how Nickborn
New's don't come about with standing day Nolling down. I
believe that day Nolling and deb before are the best
coaches to take our Silver Firs team forward. The visionary.
They are intelligence, the technical, and smart, all the things
that you need in world class coaches. And so that's

(46:44):
one of the key reasons why I decided to step down.

Speaker 2 (46:47):
Did you tell all this to Jinny and Matt No.

Speaker 19 (46:50):
I just gave them my notice. Didn't see that. I
was disappointed with the whole process. That's as much as
I said.

Speaker 2 (46:56):
And were they in shock or surprised?

Speaker 15 (46:58):
Uh?

Speaker 19 (46:59):
Well, they were leave when I get my resign nation
letter in.

Speaker 2 (47:05):
So that's disappointing. So can you confirm for us this
is simply about a handful of players that didn't like
the way that Noles runs. The thing is that is
it that simple?

Speaker 19 (47:13):
That is is that simple? There's about thirty one people
in the Silver Events environment, that's including management and other athletes,
and they spoke to five silver fans plus two junior
Silver events. You know why did they not speak to everyone?
So that's really really disappointing.

Speaker 2 (47:30):
So can we say it's seven out of thirty one
who have problems?

Speaker 12 (47:35):
Yes?

Speaker 2 (47:35):
Right, and the problems they have are what just Nole's
who approach is just what a bit aggressive, a bit
over whatever the case may be, is that it.

Speaker 19 (47:43):
Well, that's what they're saying. I don't know that exact
part what this what it is, Like everyone else, I'm
in the dark, But what I can say is that
theories against the New South Wales Swiss where we got Trump,
you know, wasn't a good look for our national team
and so they probably deserve to get a bit of
a blast about that.

Speaker 2 (48:03):
Yeah, but that's that's all it's about. It's about Noel said,
we lost and we've got to do better. Let's pull
up our socks, get on with this and work a
bit harder, be a bit feder etcetera. That this is
all it's about.

Speaker 19 (48:13):
Absolutely, I believe that it is because I know Noleye.
I've been in the civil sans environment many years as
a coach with Nolan and also as a national selector,
and I have never never seen any well unsafe is
the word that's been touted that Noley from nolink at all.

Speaker 2 (48:34):
Is there an environment? And this is the value of
what you've done, Gail, because we get an insight because
they're not talking. Is there an environment with a netball
New Zealand at management level? That that's sort of I'm
not happy, and I'm unsafe that that sort of talk
would be taken on board and acted upon. Would would
you have described that as a place where that happens

(48:54):
before this or not?

Speaker 19 (48:56):
I would honestly not know, mik Are you talking about
ethnical news Zellas?

Speaker 2 (49:01):
Yeah?

Speaker 19 (49:02):
Oh yeah, sorry, No, I suppose my role has just
been as well in that end where the civil things
aren't really so I'm not sure about that side.

Speaker 2 (49:12):
Do you look at a player well from a selector's
point of view, then do you look at a player's
robustness beyond the court, the ability to pass the ball
and hold their position? Do you look at the mental
so called mental fragility of a player? I mean, is
that an issue?

Speaker 19 (49:25):
Absolutely, absolutely as part of our selections And you can
read this, especially if you have the experience of working
with athletes for years. Yeah, you do look at that.

Speaker 2 (49:35):
Side, see, because the thing that concerns I think a
lot of us is that it's not like no one
knows who Nolan Tarua is or what she's about. I mean,
she is one of the most esteemed operators in the
sport and has been for decades, and what is this
tetless about you? You can get a couple of young
people upset and suddenly you're on the sideline.

Speaker 19 (49:55):
Yeah, and that's what it's very scary to be a
coach right now. I mean, you know, the job is demanding,
often voluntary, for many long hours, and you know that
type of thing can happen to any coach and next
minute they don't have a job again.

Speaker 2 (50:10):
Yeah, how would you have handled a view of the boss?

Speaker 19 (50:14):
Well, they needed to be due process, they needed to
be transparent, fairness in there as well. You know, one,
they should never have done a review with five or
seven athletes. That was just wrong right from the beginning.
I understand there hasn't been a formal complaint either, so
you know, there's been no other process to follow.

Speaker 2 (50:35):
Really, so, because the problem with us now, Gail is
we've lost you, we've lost Noline. How long does this
need to go and how many more people do we
need to lose?

Speaker 19 (50:46):
Well, fortunately it's going to go to the end of
the year because she's been stood down till then. But yeah, again,
I just think it's a ridiculous decision that Nipple has made.
And you know, from five consumed athletes and here we are.

Speaker 2 (51:03):
Yeah, So your message to Jenny Wiley and Matt Winner
as what.

Speaker 19 (51:09):
Well, they need to reinstate Dave Nolen and dB Faller
so we can get on. You know, we've been preparing
for the last four years for the Commonwealth Games in
the Nipple World Cup. This is now delaying our process forward.

Speaker 7 (51:20):
For that.

Speaker 19 (51:21):
The new coaches don't know the athletes right now, I
mean the brand new to them, and we're the ones
that know exactly what the athletes can do and what
our plan was. So they need to reinstate Day Nolen
and d before.

Speaker 2 (51:35):
All right, Gail, appreciate it very much, gil Parata, there's
an insight. A former selector for Knitball New Zealand. Mike,
I watch television every day of question Time at Parliament
and never miss a program. I totally disagree with you
about our prime mins. Rey stands up very well against Hipkins,
the Greens and TBM, but you are correct about Bishop.
He speaks exceptionally well and Oozer's confidence the weakest is
the speak of seventeen to two.

Speaker 1 (51:57):
The mic Asking Breakfast, a full show podcast on iHeartRadio
powered by the News Talks av.

Speaker 2 (52:04):
God. Mike, I never thought I'd ever agree with you.
Luxon's ability at question time. He totally lacks confidence, doesn't
have the skills needed. I always remember just Sinda saying
she used to prep so much for every question time,
didn't enjoy it, but it never showed through. Well that's
not true. Perhaps he needs to prep a bit more.
Possibly he's starting to show signs of anger at every
question time now as sure sign of a lack of confidence.

(52:24):
Thank you, Monica. I don't agree with you, but I
appreciate your input. Mike. Chris Bishop has been in Parliament
about six years longer than Luxen, so it has had
more practice and question time. I watch QT most days.
The longest serving MPs can be extremely entertaining, Winston and
Bishop usually getting the better of their opponent's experience. I
guess ah, yes and no. I regard it as an
art and a skill, and time can help. I'd agree

(52:46):
with that part of it. But yeah, either got in
my humble opinion, either god it or you haven't taking
a glass half full. Mic. I enjoyed a Jared Kirkuey
Bank Economy session last night in the Hawk's Bay. He
gave some fundamentals on why we will see almost This
is interesting. Why we will see almost zero inflation and
should see a two percent OCR in the next twelve months.
That's a big call. But it comes from Jared Kerr,

(53:09):
and if anyone's worth listening to from the economic community,
it is Jared Kerr because he's called this right from
day one. He's called the fifty points he got in early.
He said this is what we need and he's been
proven with the benefit of hindsight, to be absolutely correct
and far outpace the Reserve Bank, who didn't have a clue.
Also outlined where New Zealand needs to invest to build
a stronger base for the next generational infrastructure, business efficiency

(53:31):
and the environment to retain our great New Zealanders here, Nathan,
I hope you. I hope you enjoyed the night. Mike,
I might have missed this this morning. This is interesting too.
The RB are doing their bit with the lower lvrs.
Are they a hefty rate cut last week? Yes, they
just need the banks to pass on some of the margin.
Note one, the one year swaps at two point four

(53:54):
four point four to nine best one year rate over
a two percent margin. Well, welcome to the real world,
my friend, and thank you for raising this. So what
makes it so interesting is that part of the argument.
This was Adrian's argument, and this is I think ultimately
where he will be either proven right or wrong. Adrian
had the retail banks put aside what I regard to
be an astonishing amount of money for quote unquote a

(54:15):
rainy day. Now, they didn't need to put that amount
of money aside, because Adrian was a control freak. The
banks are profitable, they were going to be fine. They
didn't need to put aside all this money. By putting
aside all this money, the retail banks argued, we have
to charge more. That's why our margin rate is higher
here than, for example, in Australia. Adrian argued this to

(54:36):
be the case. Now, what we now know, with the
reevaluation of what the banks have to put aside, the
retail banks have to put aside, they have to put
less aside. Therefore, surely if one plus one equals two,
the margin rate will go down. Now, if it doesn't
go down, you've then got to ask some very hard
questions of the retail bank, saying whereas well, that was

(54:57):
your excuse, why is it not gone down? And you
can then lead yourself to the conclusion that maybe they
were making that up. As an excuse and ripping us
off all along. So let's see where the market goes.

Speaker 1 (55:08):
Tend away the mic Hosking breakfast with a Veda retirement, communities,
news togs, dead bs.

Speaker 2 (55:14):
Given away from the charter school story continues to unfold
with our first online charter school caters for those facing
geographic barriers, are disengagement from traditional model, social challenges, all
the usual stuff for charter schools. Target rolls two hundred
initially class sizes of twenty regular school term apply. Sarrah
Boyle is the principle of the new Arteria Infinite Academy

(55:34):
and us with us this morning, Siah, morning to you.

Speaker 19 (55:37):
Good morning.

Speaker 2 (55:38):
Now this is a link to Crimson and Crimson already
do this to some degree online, don't they.

Speaker 20 (55:44):
They have a private school online. Yes, I have a
couple of private schools, but this is quite different. This
is an amazing opportunity for us to use our experience
in the online space by partnering with government to make
sure that learning is accessible to every ambitious learner across NEWSIC,
irrespective of their postcode.

Speaker 2 (56:02):
That's my point. My point being that you're already up
and running on the tich side of the equation, so
you know what you're doing, so this isn't some sort
of strange experiment that may or may not work.

Speaker 20 (56:11):
That's right, and we're using our experience to make sure
that this, you know, it's off the ground. It's an
amazing experience for these young people.

Speaker 2 (56:18):
Difficulty with Charter versus private is that in private you've
got people willing and able to be there. Under Charter,
part of that story is you've got people who have
struggled in the system. How are you going to work
that out alongside people who may just be in your
class because they're in a rural or remote location.

Speaker 20 (56:36):
We're going to make sure that the timetable is engaging.
We have access to high quality teachers across all of
New Zealand, and we're going to make sure that there
are systems and processes in place so that our young
people when they come to the school, they're excited to
be part of our community. They're excited to build relationships
and to actually approach and engage in their learning and

(57:00):
new and innovative way and hopefully in ways that will
meet their needs in the way that they haven't been
met previously.

Speaker 2 (57:08):
What's the demand? How many people are lining up for
this well.

Speaker 20 (57:12):
The announcement was made yesterday and we've already got a
substantial number of people who are inquiring, with a wide
range of reasons for those inquiries. So we're really excited
to be going on the road for a road show
starting fourth of November through to the twelfth of November
from Kerry Carey right through to Queenstown and many places
in between. And we will open enrollments on the twelfth

(57:36):
of November and it will be first come, first serve basis,
So check out our website and see what you've got
to do to come and meet us.

Speaker 2 (57:43):
I was going to say, is there an element of
cherry picking going on there or not as far as
students are definitely not.

Speaker 20 (57:48):
Definitely not. There's no preferences, no cherry picking. It is
most certainly open to absolutely any learner across New Zealand
and all they need to do is get onto our
way signed when the enrolment's open on the twelfth of
November and make an application.

Speaker 2 (58:05):
What have you got KPI wise in terms of results
for the government to look at to see whether this
thing works.

Speaker 20 (58:12):
As with all charter schools and all schools. In fact,
we will be setting our KPIs in partnership with the
Charter School Agency and we will need to find out
who our learners are and what their needs are before
we can really hone in on those. But obviously academic excellence,
achievement and progress are top of the list for.

Speaker 2 (58:33):
Us Fantastic and recruitment of teachers. Have you done that
or will do that? And do you anticipate any issues
around that?

Speaker 20 (58:40):
No, we're in the process. We have a really strong
and senior leadership team with experience across a range of
schools and a lot of them with experience in the
online space, and we're currently open to advertising for teachers
and Dean and Esenko So if there are any teachers

(59:01):
out there, this is an amazing opportunity for you to
be part of something innovative and there's many benefits from
being online. We encourage you to go and check out our.

Speaker 2 (59:10):
Jobs bored Fantastic I We're shure the very best with them.
A big fan of the charter schools in general. Surah
Boyle principle of infinite academic part of the charter school program.
Mike with a win yesterday, the Atlanta Falcons have now
had victories over Buffalo, Washington, Minnesota three playoff teams from
last season. Vikings are useless, so the Falcons have not
made the playoffs or had a winning season since twenty seventeen.

(59:31):
Year the Falcons looked the real deal. I watched yesterday.
That was a good game. The Commander's Bears was the disappointment.
The Commanders, we're going to win, and they were counting
the clock down. It was two minutes in counting ten
minutes in county. They had the ball. They just had
to go down the field, didn't even that score. Just
had to hold the ball until the clock went out,
and then they dropped the ball. The Bears got the
ball and they took it right down the other end
of the field. Won the game. Very disappointing if you're

(59:52):
a Commander's fan. Politics Wednesday, Mark Mitchell and Jinny Anderson
are but moments away. Meantime, the news is next. You're
a news talk see.

Speaker 15 (01:00:02):
You person on over again.

Speaker 1 (01:00:06):
Asking the questions others won't the mic asking breakfast with
the defender, embraced the impossible news togs he'd be talking on.

Speaker 2 (01:00:24):
Would be very pleased to know that she did some work.
This is Holly Cook of course, she did some work
with the indie rock Powerhouse Merge, but she's back in
her original home, which is mister Bongo. Say he's back
with Mister Bongo for her fifth studio album, I think
you can hear the difference. Tracks are pretty straightforward, steady,

(01:00:46):
lightly skanking rhythms, heart on sleeve lyrics. It's what you
want to Holly at mister Bongo, don't you love? We've
come to know? And she got twelve of these songs,
and you'll finally last thirty nine minutes in nineteen seconds,
which at eight minutes past very nicely. The Politics Wednesday,
where we find Mark Mitchell joining the program along with

(01:01:06):
Jinny Anderson. Good morning to your boat, Good morning Mike. Mark.
How are you feeling? Out of ten?

Speaker 21 (01:01:13):
I'm feeling four.

Speaker 22 (01:01:15):
Four it's not good.

Speaker 2 (01:01:16):
It's not good.

Speaker 21 (01:01:17):
Four that's pretty good. That's pretty good.

Speaker 2 (01:01:19):
Four out of ten it's pretty good.

Speaker 22 (01:01:23):
The boardroom.

Speaker 21 (01:01:23):
Sorry sorry, sorry, sorry, I'm getting off the pain scale.
You gotta go paying one to teen. So on the
pain scale, I'm four, so recovery, I'm probably about an eight.

Speaker 2 (01:01:31):
Hurricanes what about understanding? Simple questions? Mark? Where are you
on the scale? I just changed my answer.

Speaker 21 (01:01:42):
Last last weekend, I was very worried because I was
hit a lot of more feet in my system. When
I came on the show.

Speaker 22 (01:01:46):
Last I think still.

Speaker 21 (01:01:49):
There's a little bit the ends a little bit. It
was interesting because when I was on last week, I say, look,
I'm pretty optimistic. I think that I'm getting great key here.
I'll be up running a couple of days the same as.
Only got quite a few calls saying that's irresponsible.

Speaker 2 (01:02:02):
I've been irresponsible for what be on the show from
the hospital.

Speaker 21 (01:02:06):
No, no, no, for trying to recover and get out
of hospital in a couple of days. And well, everyone
recovers at their own.

Speaker 2 (01:02:11):
Rates, exactly said. People are moanas, aren't they? Son's crew,
that was Jenny's crew. Let me get this, let me
get this right? So so so okay or not?

Speaker 7 (01:02:26):
Yeah?

Speaker 21 (01:02:26):
I am I am no, No, I'm definitely on the
right on the road to recovery. There's no doubt about that.

Speaker 2 (01:02:30):
Well, where's the pain coming from? What pain are you suffering?

Speaker 21 (01:02:34):
I've got cellulitis, and it does take a few days
to come right.

Speaker 2 (01:02:38):
For goodness sake, it's not good. Terrible, Yeah, it is terrible.

Speaker 21 (01:02:41):
It's fine. Fine. When guys, there's other things in the
world to worry about.

Speaker 2 (01:02:46):
Oh no, not now, I'm worrying. You worried, Jenny, Well.

Speaker 22 (01:02:50):
I don't even know what it is. I thought cell
you light was like a fat bum, but it's not.

Speaker 23 (01:02:53):
That's not right, that's your that's your definitions, right when
st a feature.

Speaker 2 (01:03:04):
Look, I tell you what, ever, since Morning Reports started
copying this segment, I mean, there's that there's there's going
to be nothing like this on thats there. I mean,
you know this is as good as it gets. Did
you when did you open the jewelry shop? Mark the
jewelry shop?

Speaker 21 (01:03:21):
I did that? Not last weekend, the weekend before.

Speaker 2 (01:03:24):
Oh, for God's sake, because I'm reading it in the
Herald over the weekend. And the problem the Herald at
the moment is they're running. They're doing this thing whereby
their run stories for eight years, and so I know
I no longer know whether anything happened because I saw
you at the jewelry shop.

Speaker 21 (01:03:36):
Yeah, that's true, that's true.

Speaker 2 (01:03:38):
And I thought this guy's left hospital to open a
jewelry shop.

Speaker 21 (01:03:42):
No, no, it was just it was literally that was
literally the.

Speaker 2 (01:03:45):
Day before that.

Speaker 21 (01:03:46):
We didn't.

Speaker 2 (01:03:48):
Jeez. Now, Jinny, can I pick you up? Can I
pick you up? Yesterday? From question time, you look bored witless?
You were Who was the person sitting next to you
asking the question? Was that Willow Jean je No, you
like Willow Gene because you look you had your head,
You're heading in your hands, and you're going, oh god,
I'd ask a better question than her, get on with it.
And you had that look about you.

Speaker 22 (01:04:07):
Sorry, and I should I should pick my head up
a bit better. I was acture, I had stuff like
you've done. So I was working on my phone while listening.

Speaker 2 (01:04:14):
And then I saw you steering into middle distance up
in the gallery. Who was up in the gallery? That
was so fascinating?

Speaker 22 (01:04:21):
What was I looking? Or there were other people up
in the gallery who were.

Speaker 2 (01:04:24):
Were they waving at you something?

Speaker 7 (01:04:25):
Yeah?

Speaker 2 (01:04:26):
They were? Actually what do you do? Wave back? Are
you paying attention? This is a serious place.

Speaker 22 (01:04:32):
You're not really need to wave back. No, but I
think there was a group of people from the hat
who were.

Speaker 21 (01:04:36):
She was googling treatment for cell you.

Speaker 2 (01:04:43):
I've loved that, now, test Okay, all right, well I'm
glad we've got the important business of the day, right, Ginny.
You first, the Maori party and their various problems. Are
you surprised? And what advice is the seasoned professional would
you offer them?

Speaker 22 (01:04:56):
Well, I suppose you know, like all parties have the
you know all you know, ructions and fights, it's just
not so often that we see it and hear it
so much. So, so yeah, I guess I am surprised
that we've seen it in such detail sort of play
out over the last couple of days. But I guess

(01:05:17):
that the main point is is that's what caucus discipline
is about. And you know, if you if you're going
to be holding yourself accountable, that you need to have
a caucus that sticks together. And so having caucus collective
responsibility and having a unified group in there, that's that's
a critical part of being able to carry yourself politically.

Speaker 2 (01:05:38):
Mark, do you do you run a budget? I mean
this budget of one hundred and thirty thousand dollars? Do
you have a budget? Do you run it? And does
anyone oversee what you're doing with it?

Speaker 10 (01:05:46):
Yeah?

Speaker 21 (01:05:46):
I mean all them peace have a budget and they
used they run it to make sure they stay with
them budget.

Speaker 2 (01:05:51):
And who comes to you and goes Mark, you spend
one hundred and thirty thousand dollars more than you were
supposed to.

Speaker 21 (01:05:56):
Well, Parliamentary Services will help run that budget alongside you,
and it's probably them that have come and said, look,
you've had a mess of blowout here. But look I'm
only I'm guessing.

Speaker 2 (01:06:07):
But if you had a blow out of one hundred
and thirty thousand dollars, wouldn't you know it? I mean,
what's your budget?

Speaker 21 (01:06:12):
Well you should know it, definitely, Yeah, you should know
if you've had a blow out of ten thousand dollars
without a doubt.

Speaker 2 (01:06:18):
What's your jinny? Do you have a budget as a
opposition MP?

Speaker 3 (01:06:23):
Totally?

Speaker 22 (01:06:24):
Yeah, you have a budget and you manage it and
Parliamentary Service support you and effectively managing it, and you
get better at it, to be honest, over time because
you get to know, you know what your staff payers,
what their allocations are for annually. That's all going to
come out of it. You've also had to pay for
your things that it or whatever things you need, and
I also you also got to fund an office in

(01:06:45):
one way, Mutter and an officer Tony, so we've got
to make sure that all those things are covered as well.
So yeah, you have to make sure that you know
your whips are watching you as well as Parliamentary service
to make sure that you're on target, and you usually
get a graph to be honest, how you track you?

Speaker 2 (01:07:00):
Yeah, well, all right, listen to I've got more questions,
probing questions more in a moment. Fourteen past eight.

Speaker 1 (01:07:06):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by Newstalks.

Speaker 2 (01:07:11):
It be News Talks will be sixteen past eight. Jinny's
whether as along with Mark Mitchell this morning? Mark, what
do you make of jury yesterday in the House and
the speech and what he wants to achieve?

Speaker 21 (01:07:21):
I have always said that we should bring standards back
to the House. I never agreed with dropping the standards.
I think that that is one there is one place
in this country that you should take seriously and you
should turn up, you know, taking some time to actually
look like you're there to do the business of the
country for the people that you represent. I've always been
in that space. So I congratulate Jury and embrace the changes.

Speaker 22 (01:07:42):
What do you make of Ginny, Yeah, well, I think
it's good, but whether or not it happens or not
is another story.

Speaker 2 (01:07:49):
Well will Well, I mean it will happen if you
wanted to have them, won't it.

Speaker 22 (01:07:53):
Well, you know, I mean the things he said was
around you know, turning up, which is fair enough, dress code,
which is I think also fair enough. But the use
of supplementary questions and how that operates. I mean, we
still have Winston Peters every day getting up asking a
supplementary that's not a supplementary. And he started to crack
down on that a bit. But it's important that you
have a single stand that across the house, and I

(01:08:15):
think he's realizing now the important But by.

Speaker 21 (01:08:17):
The way, we never the National Party never dropped the standards.
So when that was during the speaker, mel I dropped
the stead We never did them sid We would stick
to the standards that they are important. But you had
the Green parties with people turning up looking like at
Fonzarelli and stuff.

Speaker 2 (01:08:33):
It is true, I look at you, Ginny. I'm not
sucking up to you because you're on the show, but
you would be one of the better, if not best,
presented of the labor MPs. So your appearance is clearly
of importance to you, and good on you for that.

Speaker 22 (01:08:46):
But well, we were always brought up that way, and
you know, we were you know, largely from working class background,
but we were always taught that you might not be wealthy,
but it was important to look good and present well
and that's always been drilled it to me from day one.

Speaker 2 (01:09:01):
Yeah, I could be critical Mark and try it. I'm
to distance yourself from the fact he's national impeak. I
thought he missed a beat yesterday. I thought he was
heading somewhere and he was going to call a reny
out and he didn't. And I just it just because
he's clearly pissed off with what's going on, and rightly
so he wants to do something about it, and he
could have done more than he did, and he did. Yeah.

Speaker 22 (01:09:21):
Probably, Yeah.

Speaker 12 (01:09:22):
I think.

Speaker 21 (01:09:25):
He put trust anti party Mary and they just completely
blew it out the back door. So I think that
they're done and their chips are done.

Speaker 2 (01:09:33):
Is it just though Mark, Is it just Marie Party
or is it the Greens as well?

Speaker 21 (01:09:38):
No, the Greens are pretty bad too, without a doubt.
In terms of what I feel is not showing respect
to the House. It's almost they showed disdain. Why run
for parliament? Why come into parliament if you if you
hate the place?

Speaker 2 (01:09:51):
It's performant. He's right where he's right, Jenny, is it's performative,
isn't it is? That they're not there to bet in
New Zealand, agree or disagree on politics. They're not there
to bet in New Zealand. They're there to form.

Speaker 22 (01:10:01):
Well, I think they would argue differently from from the
course that the way they're present is that they are
arguing for the things that they believe in. But I'm
not going to come on and defend them today, that
that's not my job. But I think it's important to
note that it's not just Dreace, and it's not just that,
it's also the behavior in the house and we have,
you know, consistently supplementary questions being asked that technically are

(01:10:23):
not supplementary questions. They're just designed to be stunted. So
I think when Jerry's cracking down, I think what he's
going to find himself doing is if he wants to
raise the bar across the house, he's going to have
to do that as well.

Speaker 2 (01:10:36):
My problem with that, though, Jinny is I know what
you're saying, but only you may be technically right, but
often not always, But often those questions are quite comedic
and where I'm critical of Jerry is he doesn't have
a sense of humor and and and the back and
forward and the banter and the agro and a bit
of biffo every now and again. No longer. He doesn't
tolerate it. And I like it.

Speaker 22 (01:10:53):
And yeah, I think it's patient kind of run.

Speaker 21 (01:10:56):
Out, which is a necessary part of it.

Speaker 22 (01:10:58):
With Thursday watching his face, you know, he was really
not happy camper, you know, like he was real You
could say he was going away to do some deep breathing,
you know, he was doing everything in code.

Speaker 21 (01:11:10):
Yeah, because he's dealing with bad behavior. And look to
compare once Saint Peter's who is I think most key
weis even if they don't enjoy a don't agree with
his politics, would degree he's an outstanding statesman for us.

Speaker 2 (01:11:22):
That's true.

Speaker 21 (01:11:23):
He's impecably dressed. He takes the place seriously, the longest
service Parliamentaria, absolutely knows the rules. So to compare them
to the just eval Greens that come in with the
leather jackets and all the rest of the stuff going on,
and to Party Mary that have just got they've got
no respect for Parliament at all, I'd say that Genny
you need to be defending your coalition partners because they're

(01:11:45):
not behaving very well.

Speaker 20 (01:11:46):
Well.

Speaker 22 (01:11:47):
My view is that I've always personally taken Parliament incredibly
seriously and I think the vast majority of MP's who
come in each day believe in why they're there, and
they all want to make New Zealand a bit of country.
I think we might have different philosophical approaches as to
how that might be a cheap, but I do believe
all in peace come to that place because we love

(01:12:07):
New Zealand and we want to make it better.

Speaker 2 (01:12:09):
Interesting, A right good Mark, And I was just going
to say I do agree with that.

Speaker 21 (01:12:13):
I've always said that myself too. I do believe that
everyone comes here because they united by one thing and
that's what they believe in. Try to make it better.
But the looseness in the in the in the standards,
the dropping of standards, and it's a slippery slide, and
it is and they've got to be reinstated with it.

Speaker 2 (01:12:29):
Lovely to see you. I hope for better Scots for
you next week. Mark. Do you want do you want
me to see something? Do you want me to do
you want some chocolate?

Speaker 7 (01:12:35):
Something?

Speaker 21 (01:12:36):
But Rocket I don't know your your I like that
that little container that you have with all your goodies
and it looks.

Speaker 2 (01:12:41):
On the Mediterranean salad.

Speaker 21 (01:12:43):
The Mediterranean salad.

Speaker 2 (01:12:44):
Yeah, I'll send you out a Mediterranean salad. You'll be
amazed at. Nice to see you both. Make Mitchell Jinny
Anderson for another week A twenty.

Speaker 1 (01:12:52):
Two the Make Hosking Breakfast with the Defender and Youth.

Speaker 3 (01:12:56):
Togs Dead be right.

Speaker 2 (01:12:57):
If you've ever looked around the old kitchen thought, listen,
I can do a bit better than this. You're probably right.
New Seeland's premium kitchen in a DIY format is the
fabulous you do It DIY kitchen, so great savings without
compromising on the quality. And they've been doing this for
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we love those. They've been helping the homeowners create the
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is that you're doing the design, so they've got the
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you don't need to be a DIY pro either because

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think about this. You know when the housing market's a
bit flat, that strategic improvement is your best investment. So
you get the exact kitchen you want, you add the
real value to your home, you say, thousands of dollars
in the process. So you do it. U d Uiers

(01:14:00):
are proud to say I did it myself. It's you
do it pasking until the standards MICA raised in New Zealand,
in general, parliament will remain a place full of ordinary
people where just an ordinary nation and that has exemplified
a on showe in parliament. I mean that's the counter argument.
Of course, the House of Representatives is supposed to be
a house of representatives and you know from the biggest

(01:14:20):
doofers there to the brain box they represented it probably
in New Zealand of Chathams. I sort of got excited
about this yesterday until I didn't, so a New Zealand
and Chathams have signed up. The theory being you can
book one ticket go all the way, it doesn't matter
where you leave in the country. James Megha. By the way,
this was done in Fukatani. The announcement right Mega flew
from Timaru to Wellington to Towering to Fakatani and come

(01:14:43):
on anyway. So the idea is you book it all
in one go, your bags will go all the way
through anyway. The funny part about that story was that
the New Zealand and Chathams have been thinking about this
and talking about it for five years. God, no wonder
we're not getting anything done in this country. I mean, good,
you got the in the end, but geez, five years.
News for you in a couple of moments, and then

(01:15:04):
we'll cross the Tasman to our mate Steve.

Speaker 1 (01:15:07):
Tough On Power sharp on inside the my casking breakfast
with Bailey's real estate, finding the buyers.

Speaker 3 (01:15:14):
Others can't use Togsdad b my question.

Speaker 2 (01:15:17):
So heck Seth and the Pentagon they've decided they're going
to make the media sign up to this idea that
they can't obtain or use unauthorized material, even if it's
to classify it now. If you don't sign up to that,
the passes deadlines tomorrow, passes will be taken off you
tomorrow if you haven't signed up so far, ABC, CBSC
and n NBC, Fox, even Newsmax, Reuter's Ap, The New

(01:15:41):
York Times, Washington Post, The Atlantic, NPR, National Public Radio
have refused to sign. If no one signs, do they
back down or is that just what they're wanting and
therefore no one will ever cover the Pentagon again? Twenty
three to.

Speaker 14 (01:15:55):
Nine International correspondence with NS and Eye Insurance for New
Zealand Business.

Speaker 2 (01:16:01):
And Supprises with US an Australian money.

Speaker 24 (01:16:03):
Mate, Hey, they're.

Speaker 2 (01:16:04):
A super tax backflip now, the Chambers thing or the
Charmers thing. The timing I read yesterday headlined the timing
of charmers humiliating super backdown is cynical for a couple
of reasons, and went through it. Does it make sense
or is this just government mucking around with rules and
changing rules? Yet again?

Speaker 24 (01:16:23):
No, it makes sense. He could never have done it,
I mean, And the timing you mentioned is, of course
he wheeled out this backflip on the same day the
peace deal was announced, and it was announced about the
same time that the Air Force one was landing in Israel. I. Mean,
there's no doubt that they tried to just slip it
out there and hope no one would notice the problem
with this tax. And so it only affects people who've

(01:16:45):
got a super fund of three million or more. And
for anything over three million, the current tax over two
point fifty is fifteen percent, and they want a double
lad if you've got more than three million to thirty percent.
But it was on unre realized profits, so even if
you hadn't sold your shares or in a fact, in
the case of someone like a farmer who has a

(01:17:07):
bad season because the wheat crop doesn't work properly, they
were still going to have to pay the tax on
based on the value of their assets. And everybody said,
this is bloody crazy. You can't do this. It's not
in our tax system anywhere else and you shouldn't do it.
And then Paul Keating stepped in, who's the father of
super in Australia, and he got in Charmer's ear and
said you've got to stop doing this. So they're not

(01:17:28):
going to do that now. It's probably going to cost
them the budget about ten billion dollars over ten years,
So Charmers has got to find some way of filling
that hole and it has done his reputation no good
at all. So where does he now go. Well, a
lot of critics are now saying that they've got to

(01:17:49):
stop spending and he has shows no sign of doing that.
So the budget's now in even more trouble than it
was before they came up with this crazy idea and partisanism.

Speaker 2 (01:17:58):
Of course, his elbows not a the country. Is he
nicked off to get married.

Speaker 24 (01:18:02):
He wouldn't tell anyone where he is. He's not getting married.
He's out of the country my suspicion, he's probably in
somewhere like Fiji. He's taken a week off and then
next week he goes to the United States to front
up to Donald Trump, which is going to be fascinating
to see how that all works out. There has been
some criticism of why he would take this week off,
because you would think you'd have your Prime minister standing

(01:18:24):
up lording Donald Trump for the police deal that he's
pulled off in the Middle East and the return of
the hostages. But now those know where to be seen.

Speaker 2 (01:18:32):
Having said that is that speaking of Donald Trump at
the meeting. Another piece I read Yesterda, this has been
ongoing the rare earth thing that you do in Australia.
You've got a lot of rare earths, and the last
article I read is there seemed to be an indication
that you weren't far off being able to refine them
to the point where Australia becomes a major rare earth player.
And given the geopolitics of China and rare earths at

(01:18:52):
the moment, this puts you in a fantastic position with
the Americans.

Speaker 24 (01:18:59):
We are a great mine were The problem for Australia
is that uranium, for example, we dig it up and
sell it to everyone else to put into nuclear reactors,
but won't build one ourselves. But yes, that is a
big bargaining tip. And the other news out this morning
is that we've entered into a deal with the US.
We're going to co produce guided missile rocket systems. We've

(01:19:20):
set up an office in the United States and we
are not far off being able to do it here
in Australia. So obviously now Albanize has got lined up
quite a number of advantages Australia has when it steps
into a room with Donald Trump, which stet to wait
to see how it goes.

Speaker 2 (01:19:34):
It'll be interesting. Now the Libs where are they at?
Is there was a schism as they say within the party.

Speaker 24 (01:19:42):
Yeah, there is. They're headless and drifting and they've got
to get it back there, back together to that end
of seeingor liberal. James Patterson, he's a senator from Victoria,
has written a piece in The Australian Today. He says
we've got to put a stop to the apology tour,
that is apologizing for how badly they did last election.
Said you've got to put a clear time limit on
soul searching, and you've got to stop labor federally victorianizing

(01:20:05):
the country. Now you and I've spoken enough about how
what bad state Victoria is currently and getting worse, and
so that comment rings true for me. So he would
be described as common sense down the middle. Patterson, he
is a conservative, but he's not as far to the
writers say Andrew Hasty or Nampagin for price, were both

(01:20:26):
now on the backbench. So this is clearly obviously to me,
it looks like the Liberals are deciding that Patterson's going
to be the one that's going to go out and speak.
Susan Lee will hang onto a job for the meantime.
But Patterson could even swap out of the Senate to
the Lower House at any election coming up, and he's
a potential future leader.

Speaker 2 (01:20:44):
Interesting I was reading about Melbourne yesterday. You've got a
seventy three percent increase in your congestionally becoming next year.
For car parks. You have what they call category one
and category two areas. For category one at the moment,
seventeen hundred and fifty dollars a year from next year,
it's three thousand, just like that, seventy three percent. Who
votes for this nonsense?

Speaker 24 (01:21:02):
Well people who don't have to put their car in
a car park in the city presumably, And most people
didn't know anything about it. Until you dig into it,
you don't realize the percentage increase. It's just extraordinary. I mean,
that's going to apply to any business that runs a
business in Melbourne who have to provide a car park
for their staff. And so where does that costs come from? Well,

(01:21:23):
it comes straight off the bottom line of the business.
And so people are not getting pay rises. They are
desperate for money. And so that's one of the reasons
they're going to do that, because they need to keep
the cash rolling through the door.

Speaker 2 (01:21:33):
Unreal. I knowe that Mario Andretti has jumped on board
your your bandwagon, and you might have been onto something
all along.

Speaker 24 (01:21:43):
Andretti just very briefly twelve Grand Prix wins, four IndyCar titles,
seventy eight world champion in F one has come out
and said, well, I like Oscar Piastre and I don't
mind Lando Norris, but it appears that McLaren are favoring Forrris.
Now where have you heard that before? You might have
heard it on this very radio program. But there's an

(01:22:05):
even broader conspiracy theory I'm about to share with you.
Mario Andretti sits on the board of Cadillac F one, yes,
where they are going to join the grid next year.
So I think he's trying to stir up trouble within
the McLaren camp because he's got his eyes in the
future on Oscar driving to them.

Speaker 2 (01:22:28):
Interesting, I'll remember you're onto it, Stephen. Nice to talk
to you. Appreciate it, Stephen Price. Back next week. They
got botas and peries. Of course, Cadillaca for their opening
season next year. By the way, that's rare earth thing
is worth following if you're not into rare earths, but
rare ersts make the world go round. Of course, without
rare earth, there are no smartphones. There are no computers
or radars or MRI scanners or electric ows or wind
turbines or jet engines on the guard and missiles anyway.

(01:22:49):
The point being that Trump is all exercised at the
moment because China squeezed on the rare earth market, because
they control most of the rare earth. They squeezed it
the other day and Trompin what I can't believe it,
the one hundred percent tariffs. But I was reminded yesterday
and reading about this dung japing, and you're going back
to the eighties here famous quote back in eighty seven.
The Middle East has oil, China has rare roots. And

(01:23:12):
he was saying it in the eighties. So if you
couldn't see that coming, you weren't looking.

Speaker 1 (01:23:14):
Eight forty five, The High Casking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at.

Speaker 2 (01:23:22):
B Just before I forget on F one is raised
by Steven moment ago. Christian Horner, they say, is it's
being reported in the tabloids and Britain this morning is
and talks with Ferrari. Now, the problem with that particular
rumor is that all the other rumors involved in going
to Elpin, not specifically Elpine, but the idea behind Elpine
was he could own a chunk of the company and

(01:23:42):
eccleston was going to provide him the money or help
him with the money. And what he really wanted to
do was not just be a boss, but be the owner,
had a slice of the action. So Elpin was really
the one that was open and briatory. Who kind of
runs the thing at the moment in an advisory capacity
is a bit of a shambles, and the whole teams
are shambles, and they don't know where they're heading or
what they're doing anyway, So a little bit of the
old Horner magic might be good, whereas Ferrari there is

(01:24:05):
no ownership and you're part of what is a calamitous
Italian machine that finds it hard to change a tire
in a pit stop, far less find a car that
can go fast enough to win a race. So what
he wants with that I don't know, but anyway, that's
the latest. The other thing that sort of caught my
attention yesterday was Tirau, which we like Tira, I think

(01:24:25):
when we drive through it. But Tira is a place,
It's a place on the way to somewhere else, isn't
it really? To be honest, it's no one goes to Tira.
You go through Tirau too. I don't know places like
I don't know Taalpo anyway, So they've been having these
hearings and I didn't realize this is how it worked.
So Burger in this particular case, Burger King and Starbucks
have applied to open up. I didn't realize you had

(01:24:46):
to go through hoops for that. If you were controversial,
I thought maybe if you're a liquor outlet, if you're
a hooker, yeah you want to open up a pole
dancing thing, maybe you have to go to the authorities.
I don't know. But if you're just selling coffee, well
what about one of McDonald's. Yeah, that's that. That was
because it was a first all because it was part
of the reserve, or because it was part of a

(01:25:07):
natural landscape that was different.

Speaker 1 (01:25:09):
Again, wasn't it just because there was a budge of
but busy bodies and one didn't want to McDonald's.

Speaker 7 (01:25:13):
No.

Speaker 2 (01:25:13):
Well, yes it was that, but equally it was part
of a part of a natural heritage area, or you know,
you were too close to the mountain or something like that.
But this is just people who just want to go
high to you here we are anyway, whole lot of people.
They had endless submission, one hundred and forty eight submissions,
the majority opposed to the development. Well, of course they are.
Everyone's opposed to everything here, noise, traffic, storm water, proximity

(01:25:33):
to the local school, character of the town, I mean,
character of the town.

Speaker 24 (01:25:37):
I guess couldn't you get that around that whether it
corrugated a big giant corrugated cup of coffee.

Speaker 2 (01:25:42):
Well exactly, that's that's the point, you know, talk about
put some corrugation on there and you're away and laughing. Anyway,
two days of public hearings and they've been allowed to
go ahead. But they can only operate between five in
the morning and eleven at night, which I don't know
whether that's fine or not, But all I'm saying is
if you can't, if you're a regular run of the
mill they burgers and cups of coffee. If you've got

(01:26:02):
to leap through hurdles to simply open your door, how
hard are we making doing business in this country?

Speaker 1 (01:26:10):
Nine to nine The Make Hosking Breakfast with Bailey's Real
Estate News Talks.

Speaker 7 (01:26:15):
D No.

Speaker 2 (01:26:16):
You heard me talk about the importance of performance and
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(01:27:20):
it's all at Milford Asset dot com. Pasking now. Sora,
Sora too, and chat gbt are consuming so much power
that open I Open AI yesterday has just done another
ten gigawatt deal, partnering with broad coom to design and
develop ten gigawatts of custom AI chips and systems. That

(01:27:41):
means what does that mean? You're saying, well, what the
hell does that mean? Chat gbt, by the ways, eight
hundred million weekly users, by the way, they think Sora
is now growing at a faster rate than chat GPT.
Sora is where you tap in and go, you know,
do me a video of my cosking dancing like a chicken,
and it comes up with it's all AI generates. Just
it's crap.

Speaker 20 (01:27:59):
You don't dad any other way, do you?

Speaker 2 (01:28:01):
The only the only way to dance, Glenn. As we
all know, eight million households, That deal yesterday, that one
deal yesterday is the equivalent of power to eight million
households five minutes away from.

Speaker 1 (01:28:14):
Nine trending now with Chemist Warehouse celebrate big brands and
biggest savings.

Speaker 2 (01:28:20):
And the windmills are going to provide all the power
you need for that, aren't they? Eh? Aren't they? Turning Point,
you know, Turning Point, Charlie Kirk, all of that sort
of stuff. Then are hosting their own show for the
Super Bowl. After Bad Bunny was announced. They don't like
bad Bunny. Bad bunnies are bad Bunny anyway. So this
fake poster went viral saying they're going to have kid Rock,

(01:28:41):
Jason Eldean, Lee Greenwood, Proud to be an American and
special guest Measles. So we're all laughing, that's quite funny. Unfortunately,
the mega influencers who aren't that bright, thought that was real.
Then Turning Point had to come out and say it's
not real anyway. They think they know mega influences, who

(01:29:04):
really is going to be at the Super Bowl show.
It's this woman. Listen to this.

Speaker 7 (01:29:07):
There's a Dugs cripping inside joy.

Speaker 3 (01:29:16):
It says, come up until.

Speaker 23 (01:29:18):
Leave you her.

Speaker 2 (01:29:20):
It's Lara Trump. Perhaps the most hell them's adobed the
Trump Plan. Kai plays golf, Don Junior does Don Junior
stuff with the Crypto. But Lara's scenes and you've seen
Lara's show on Fox. She interviews people in the administration
and they show around their offices, and she goes and

(01:29:42):
you sit down here at the desk, and they goes
where we sit Lara, and what are these pictures? Well,
the pictures are past presidents.

Speaker 13 (01:29:49):
Lara.

Speaker 2 (01:29:49):
Oh, that's cool. It's a cool office. That's a whole
show on Fox. Anyway, She's got a whole lot of
other singles. Seven singles out on Spotify at the moment.
Go Lara, there's us for another day, Back tomorrow, Happy Days.

Speaker 1 (01:30:03):
For more from the Mic Asking Breakfast, listen live to
News Talks at b from six am weekdays, or follow
the podcast on iHeartRadio.

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