Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier this year with one roof love where you live
news talks, they'd be good morning.
Speaker 2 (00:10):
Six after five. We've got the Frontier report out today.
We'll look at that. Gavin Gray in the UK for
us another day. Another minister with good results from their targets.
And we've got a smallgas board of out the gate
audio this morning from both Trump and Headset at Quanticode.
The agenda Wednesday, the first of October. Pins and a punch.
Trump reckons from US has three to four days to
(00:31):
take his piece, deal or else. But he seems pretty confident.
Speaker 3 (00:34):
So if this happens, I think it will. I don't
say that lately because I know more about deals than anybody.
This what my whole life was best. And they can change,
and this can certainly change. But we have just about everybody.
Speaker 4 (00:46):
We have one.
Speaker 3 (00:48):
Signata that we're near and that segation will pay in
how if they don't say, and I hope they're saying
for their own good.
Speaker 2 (00:56):
This weird meeting of generals. The Defense Secretary Pete Headsets
also gave us speech. He's gone all warrior, he he man.
Speaker 5 (01:03):
The military has been forced by foolish and reckless politicians
to focus on the wrong things. In many ways, this
speech is about fixing decades of decay, some of it obvious,
some of it hidden, removing the distractions, clearing the way
for leaders to be leaders. You might say, we're ending
the war on warriors.
Speaker 2 (01:24):
More on that soon, including his comments about fat generals
to Britain We go now. Starmer's new playbook in full
display overnight at the Labour Party conference, where he's basically
speaking to a bunch of backstabbing MPs. Don't hate me
hate Nigel Faraji, says.
Speaker 6 (01:37):
Britain stams at a fault in the road. We could
choose decency, or we could choose division, renewal or decline.
A country proud of its values, in control of its future,
or one that su comes against the grain of our
history to the politics of grievance.
Speaker 2 (01:56):
What are you even saying? Finally, this morning, doesn't that
bring a smile to your face? Simpsons is returning to
the big screen. It's been confirmed a sequel to the
original two thousand and seven is in the works and
will hit theaters. July twenty twenty seven was announced as
a poster of a doughnut being grabbed with the tagline
(02:18):
Homers coming back for seconds, views.
Speaker 1 (02:21):
And views you trust to start your day, It's early
Ediship with Brian Bridge and one roof love.
Speaker 2 (02:28):
Where you live news talks. He'd be he's gone eight
after five nine nine two the number to text great
to have your company. The story today will be this
about the Frontier report and about the government's response to it.
These are tweaks. They're not transformational, you know this is.
And the question will then be is this Luxon's managerialism.
I spoke to a former MP yesterday from the right
(02:50):
and they said, basically, he's a tinker guy. He's not
a go in and do the big stuff. But then
there is the fact that he's got part of a
coalition government and you've got two very different traveling companions,
don't you in National and Act? ACT would rather go
harder on the regulation? I asked, see more about that
on Monday. You know what's the problem. Is it the
market or is it the regulation? He says, the regulation?
(03:13):
So are we going to see the gent Taylor split up?
Speaker 3 (03:15):
No?
Speaker 2 (03:16):
So why did they let that sort of the idea
hang around linger for so long? That's a good question,
isn't it. And we know that's not going to happen
because Simon Watt says that the response is going to
be surgical. So basically the message today is don't hold
your breath. Were you expecting much anyway? Nine minutes after five,
(03:36):
news Talk said being.
Speaker 1 (03:38):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one roote Love
where you Live, News Talk.
Speaker 2 (03:46):
Said, be five twelve people getting a bit barred up
for property again. Mortgage borrowing up growing now at a
fast rate, expanding two billion dollars in August. That's the
second most since the end of twenty twenty one. It
is the most the biggest increase outside of prime real
estate selling season in that time as well. Home loans
up five point six percent on the same month a
(04:08):
year ago. That is at least an extra twenty billion
dollars in mortgage borrowing. And I'm seeing the homes that
are being popped up on one roof at the moment.
Go and check them out. Some very beautiful people are
really manicuring the lawns. They've gone to town on the pools.
It's all looking very good. Not that it's going to
turn around quickly, but at least spring is here, and
spring is sprung twelve after five yet reaction out of
(04:31):
Trump's peace plan with the three to four day deadline
for Hamas. It includes an immediate cease fire followed by
the disarmament of Hamas and in Israeli withdrawal. Linda Gradstein
is CBS News correspondent in Jerusalem. Linda, what's the reaction
been or what do we expect the reaction might be
from Hamas.
Speaker 3 (04:49):
Well?
Speaker 4 (04:50):
It's really hard to tell. The sort of reports are
that Harmas is tending towards accepting the deal. They're under
a life lot of pressure from Kuttar, the Palestinians living
in Gaza. I have a friend who lives in Gaza
and has been displaced numerous times and is barely, you know,
(05:11):
having such a and she's been having such a hard time,
and she wrote me and said, I hate all the
Palestinian organizations. I'm sick of all of So. I think
there is a sense that the population in Gaza certainly
wants the war to end, wants the bombing to end,
wants to begin to rebuild some semblance of life in Gaza.
So but at the same time, it's basically Hamas giving
(05:35):
in by saying that it will have no role in
any future government of Gaza, that the area will be demilitarized,
that Hamas will hand over its guns. So all of
those are things that I think are very difficult for
Hamasc will Except.
Speaker 2 (05:49):
Do the people in Gaza want Hamas gone too?
Speaker 4 (05:55):
Well, First of all, you know, it's hard to tell
because people are afraid to speak out against Hamas. And
if you do write anything online on social media against Hamas,
you will have somebody showing up at your home and
threatening you. So people are afraid to speak against Hamas.
But I think there is a feeling that Hamas. You know,
(06:17):
Hamas was originally elected in two thousand and six, and
it was more as a sort of a reaction to
the corruption of the Palestinian authority. And the idea was
that the people of Hamas, because they were observant Muslims,
that they were not corrupt. But I think people really
there are people's lives, you know, there's not people are hungry,
(06:39):
there's enough food, There's no semblance of a normal life
in Gaza. People are living intense people have been displaced
numerous times, many kids haven't gone to school in two years,
so I think they're against anything that stopped from which
in cases.
Speaker 2 (07:00):
Linda, just on the hostages. Obviously, the families have been
putting a lot of pressure on net and Yahoo on
the government being very vocal about that. Are they hopeful,
you know, are people in Israel hopeful about this or
just skeptical?
Speaker 4 (07:14):
Well, I think a little bit of both. There's four
twenty believed to be a love a few days or
master that it had lost contact. People were holding of
the hearts.
Speaker 2 (07:29):
That was again, Linda, We'll have to leave it there.
I'm so sorry we've we've lost your line, Linda. That's
Linda Gradstein, who's the CBS News radio correspondent in Jerusalem,
on a bit of a dodgy line. Unfortunately, it is
sixteen minutes after five year on News Talk said, be
coming up next, we'll talk to Matt Doosey about the
health targets, good and bad news on that front.
Speaker 1 (07:52):
The first word on the News of the Day early
edition with Ryan Bridge and one Roote Love Where you
Live News Talks.
Speaker 2 (08:00):
Five eighteen so Trump speaking at Quantico and was waxing
lyrical about the Nobel Peace Prize. This is if the
Garza piece Stale actually happens.
Speaker 3 (08:07):
Will you get the Nobel Prize? Absolutely not, they'll give it.
They'll give it to some guy that didn't do a
damn thing. Go give it to a guy that wrote
a book about the mind of Donald Trump and what
it took to solve the war. So you'll get the
Nobel Prize. We'll go to a raider now. But well,
let's see what happens. But be a big insult to
(08:27):
our country. I will tell you that I don't want it.
I want the country to get it.
Speaker 2 (08:31):
Brian Bridge, of course you want it. Another Target's update
this morning. It's on mental health fast access to primary
care achieved or beaten Specialist service metal beaten. In the
South Island, the number of people getting access to primary
support within a week jump from sixty six percent to
ninety one percent. This is called a four e D
wait times for mental health patients long way to go.
(08:52):
They're the same with staffing. Matt Docy, mental Health Minister.
Good morning morning, Ryan. Are there fewer mental people or
is the system faster?
Speaker 7 (09:00):
Well, the first thing I'd say just a big thank
you to the frontline mental health staff. They do an
amazing job and this is an ability to shine a
light on them.
Speaker 8 (09:10):
Look, there's still a long.
Speaker 7 (09:11):
Way to go when you look at the veriability within
the different twenty health districts in New Zealand, But it
comes back to what sort of country do we want
to live in? And that's why I've set targets one
week for primary mental health support and three week for specialists.
Speaker 2 (09:26):
Yeah, but are you improving on some of these figures
because there are fewer people requiring them or is the
system faster?
Speaker 7 (09:35):
It's definitely faster. So if you look at a primary
mental health over the last four quarters, so we're going
to remember these are the first time we've ever set
targets for mental health in New Zealand, we've now got
twelve months worth of data. It does bounce around to
weep it. But if you look at primary mental health,
we've seen a significant increase in numbers from around fifty
(09:55):
two thousand people a quarter up to but over sixty thousand.
Speaker 2 (10:00):
So the numbers of people needing help are going up
and you're able to get them through even faster than
when they were fewer.
Speaker 7 (10:08):
Very much so, because when these targets increase, as in
the percentage of people are getting one week support or
three week the inverse is happening, which means the wasting
time is actually going down, which means more people can
be seen. And when you think about mental health, it's
a real red flag for people to be stuck on
weightless and so actually timiness is important. So that's why
(10:32):
three out of the five targets are around access.
Speaker 2 (10:35):
How did these improvements compare to pre COVID? You know,
are we just getting back to where we were or
are we even better than that?
Speaker 3 (10:42):
Oh?
Speaker 7 (10:43):
The difficulty is this is the first time we've set
targets for mental health in New Zealand, so as the
first mental health minister when I came in to set
these targets. So now we've only got twelve months versus
worth of data. But just to be clear, I'm not
a tar fundamentalists. For me, the magic of these targets
(11:03):
is to have a line in the sand and work
with my officials to say what worked well to get
us there, what didn't work so well, what can we
improve next time? And you get that continuous improvement approach.
Speaker 2 (11:15):
All of this. Does all of this mean that we'll
have fewer suicides?
Speaker 7 (11:20):
Well, Ultimately, what we want to do is ensure people
in distress get support as quick as possible and hopefully
that will lead to fewer suicides.
Speaker 2 (11:28):
Because what's the rate of how many deaths are used
by suicide in New Zealand?
Speaker 7 (11:32):
Well sadly last year we lost six hundred and seventeen kiwis.
We haven't got the latest provisional statistics that will come
out I think by the end of October.
Speaker 2 (11:44):
What would you like that to be? You know you've
got to target all that.
Speaker 7 (11:48):
No, we don't have a target for our suicide numbers
because clearly one suicide is too many. I think when
you look at the rate per population, you know we're
working for that to be declining.
Speaker 2 (12:02):
Matt Dooc, mental Health minist Appreciate your time. Twenty two
after five News Talks AB.
Speaker 1 (12:06):
The early edition full show podcast on iHeartRadio powered by
News Talks AB.
Speaker 2 (12:13):
News Talks B twenty four minutes after five, Let's go
back to QUANTICOA Shelby because it's just too good not to.
This is Pete Higgsseth. He's the Defense sectory and he's
the one with the really slipped back here. He's always
looking immaculate, always wearing a nice suit, or he'll be,
you know, in some sort of military get up if
he's on the road. Anyway, he's given a speech to
the generals, to the fat generals.
Speaker 5 (12:34):
It's tiring to look out at combat formations or really
any formation and see fat troops. Likewise, it's completely unacceptable
to see fat generals and admirals in the wholes of
the Pentagon and leading commands around the country in the world.
It's a bad look. It is bad and it's not
who we are. So whether you're an airborne ranger or
a chairborne ranger, a brand new private or a four
(12:55):
star general, you need to meet the height and wheat
standards and pass the PT test.
Speaker 2 (13:00):
Yeah, he's now introduced daily You've got to. It doesn't
matter where they're at the very top or the very bottom.
You will do daily PT sessions and you will be
checked and weighed twice a year. He's also gone after
the DEI policies.
Speaker 5 (13:12):
This administration has done a great deal from D one
to remove the social justice, politically correct and toxic ideological
garbage that had infected our department. To rip out the politics.
No more identity months DEI officers, dudes, in dresses. As
(13:34):
I've said before, and we'll say again, we are done
with that shit.
Speaker 2 (13:39):
Brian Bridge, I'd get the message. Five twenty five News
Talk said b There's nothing quite like watching a well
thought out strategy coming together and working. And hats off
to South Korea this morning because they're absolutely caning it
on tourism. The government set a goal there are thirty
million visitors a year by twenty thirty. In two thousand
and five they had six million, last sixteen million. This
(14:01):
year they'll hit twenty And this is not by chance,
it's by design. They've got government and business coming together
and going all in on infrastructure and law changes, a
whole bunch of stuff. They're extending an electronic visa free
travel pass. They will have integrated ticketing for all your
public transport by the start of next year. You can
use the same pass for major tourist attractions. Imagine catching
(14:23):
the Wahiki ferry and doing the luge all on one pass.
Big push on regional tourism. But their secret source is
a cultural takeover of movies, TV shows and music. That's
another industry that they bought into big time and now
it's paying massive dividends. For them dividends we could only
dream of. We know this works. We had Lord of
the Rings. Remember, almost four hundred million people around the
(14:45):
world have watched a little show called k Pop Demon Hunters.
Go and watch it on Netflix or don't, but it's
their most watched show ever. And now every kid is
begging their parents to go to South Korea. This is
not to bitch and moan and say that we should
be doing or something our government has or is at
least trying to pull together similar schemes here. This is
simply to say, what an impressive operation to watch the
(15:09):
Koreans planning and executing and getting results. It's something that
should excite us. The Saudis are going big on gaming.
The Irish rolled out the red carpet for big tech.
Captain Judith Collins this week reckons our next big thing
should be space. We are world leaders in agriculture, so
what do we want to add to that list? And
(15:31):
how can we follow South Korea's lead and make a
plan to get there? Ryan Bridge twenty seven after five
news talks, there be labor coming under a bit of pressure.
This is on capital gains tax. You might have seen
this in the news, so there's a couple of remember
that group of people who came out and said this
was a couple of years ago, the high net worth
(15:51):
individuals people came out and wrote that open letter and said, hello, everybody,
we have money and we would like to pay more tax.
And you think, well, you just go and pay more,
donate it for goodness sakes. Anyway, they've come out and
they are putting the pressure on Labor over a capital
gains tax. So at the moment, Labor has not announced
(16:12):
a plan, has not said what their tax plan is
going to be. But these guys are saying, whatever it is,
it needs to exclude only the family home. Capital gains
tax is only going to achieve our objectives, which they
say are funding public health, nutritious school lunches, to kids
getting rid of homelessness, responding to climate change, all of
(16:33):
this important stuff. So they say the only way to
achieve that is to have as wide a scope as possible,
covering all other significant assets outside the family home, including
those held by companies and trusts. What's more, they are
saying that the gains need to be taxed at rates
similar to other sources of income, so i e. Your
(16:55):
marginal income rate, which could be up to thirty nine percent.
So that is the kind of pressure that labor is
under from the left, far left as they make these decisions.
So the question then becomes how far left do they
go and does that count them out come election time
next year? Twenty twenty six, it's all on five twenty
(17:15):
nine on News Talk ZB. We'll get to our correspondent
after news. We'll also talk about this Frontier report before six.
Speaker 1 (17:38):
Get ahead of the headlines on an early edition with
Ryan Bridge and one roof Love.
Speaker 2 (17:44):
Where you Live News Talks B twenty four away from
the Sex News Talks d be coming up. We're going
to the UK with Gavin Gray. Then we'll talk about
this energy report that's coming out at eight o'clock this morning.
Michael have more on that for you later on Ryan.
As commander in chief, will Trump have to pass the
height and weight test? I highly doubt that. Hey, we've
(18:06):
got a week until exactly week on the clock now
till we get our ocr call from our reserve bank.
Across the Tasman, the RBA held steady at three point
six percent yesterday. It was a unanimous decision. It was
also expected they dropped twenty five points in August. Our
inflation over there is ticking up. It's ticking up to
three percent. This is for the August number. They have
a strong labor market, which we know we don't have.
(18:29):
Well it's not as strong here anyway, but a strong
labor market over there is hacking away at their budget
deficit because the more workers you have paying more tax
means you have more revenue as a government. So that's
a good story for them. It is twenty three to six,
Ryan Bridge. New goals the need and getting in on
the target game, that seems. New goals to attract investment
(18:50):
and talent Color Proctors will us Coling. Good morning morning, Ryan.
Speaker 9 (18:54):
This is an initiative just launched by Business South here.
They've unveiled a growth plan this morning which is aimed
at attracting new investment and talent to Dunedin. So the
goals include growing up to one hundred and fifty new
businesses a year by twenty twenty nine and boosting tourism
revenue here by one hundred and twenty million dollars annually
(19:15):
by twenty thirty four. They also wanted to deliver more
than fifteen thousand high value jobs in less than a
decade and grow MIRII owned businesses by one hundred and
twenty nine percent in four years. So some big targets.
The CEO is Mike Collins. He says it's a clear
blueprint to elevate the city. He says, yes, the goals
may be stretched, but are going to be remarkable with
many motivated people backing the growth.
Speaker 2 (19:37):
All right, how's your weather?
Speaker 9 (19:39):
Showers hail, snow clears this morning, then charts of an
evening shower later today. The high just ten today.
Speaker 2 (19:46):
Cheers Callum. Good to have you on as always. Courtneys
in christ Church Courtney, good morning, Good morning Ryan. So
counsel sports and Rex prices are up.
Speaker 10 (19:54):
Yes, so a pre paid annual gym and pull membership
now costs one thousand dollars a year, which is increase
of fifty dollars, and the entry to the hydroslides has
increased by fifty cents to sixteen dollars. The Council's head
of Recreation, Sports and Events, Nigel Cox, says inflation has
caused costs to climb. He says the hikes a link
to increase staff and utility costs, but he ensures there's
(20:17):
no relation to Padakiore or Tikaha Stadium building projects.
Speaker 2 (20:22):
Is the hydra slide up fifty cents to sixteen dollars?
Is that for a daily pass or is that for
an annual pass? I believe that's for a daily pass.
Oh that's pretty steep, isn't it.
Speaker 10 (20:33):
I'll double check that, but I'm pretty sure it's a
daily pass.
Speaker 2 (20:35):
That's a lot of money for to go down to slide,
especially if you've got four kids. Know anyway, how's the weather?
Speaker 10 (20:43):
Rain developing this morning was snow lowering to four hundred
meters before clearing to find early this afternoon a high
of fifteen.
Speaker 2 (20:49):
Nice one, Thank you, Courtney. I suppose you could ration it.
You could say you've been good today, you get the
slide and the rest of you. Well, you're in the pool.
Max and Wellington. Hey Max, good morning. You've got another
challenge to the gang patch. Been in court?
Speaker 8 (21:02):
Yeah, seeing a bit of this through the court system lately.
Had a story a couple of weeks ago a man
who successfully got his Mongrel mob patch back from police
took it to court that had been seized in a
traffic stop three point thirty am riding his bike through
Lower Hut without a license. A judge decided there was
no public disorder though because no one was around. Now
you've got this Nomad's member convicted of wearing a gang
(21:23):
cap it had a Nomad's logo on it to a
community event recently to celebrate the reopening of the local
pool in the Hut. He has already been convicted over
this and unsuccessfully appealed, but he's taking it further. This
nineteen year old manor a pt Brown asking the High
Court to issue a declaration of inconsistency i e. Inconsistent
(21:44):
with the Bill of Rights of freedom of expression. He
argues his nomad's cap is a little different to an.
Speaker 2 (21:50):
All Blacks or warrior's hat.
Speaker 8 (21:51):
The Nomads are his team, I suppose his team that
he supports. If successful, it would go back to Parliament.
The decision reserved.
Speaker 2 (21:58):
Right distinct defense And how's weather?
Speaker 8 (22:02):
Some rain developing through today? Strong winds fourteen.
Speaker 2 (22:05):
Cheers Max Neva and Auckland. Morning Neva, good morning. We've
got a new development happening around the city railing.
Speaker 11 (22:10):
Yes we have, and I can tell you that the
sod's been turned. This is Auckland's first major development build
around the city RAILINGK. So it's the twenty one story
at Symphony Center now that's been built over to Yhadle
to your station. That's on the corner of Meryl Drive
in Wellesley Street. So this is that six hundred and
fifteen million dollar project. It's going to include, you know,
the residential the commercial office space should be completed, expected
(22:33):
to be completed by twenty twenty nine. Let's see if
that happens. RCP Project development director says, Obviously, you know,
this project's going to pivot off the CRLs traffic round
about thirty thousand people predicted to be traveling through, and
that's on top of all that retail offering that they've got.
So they're hoping that, you know, they'll be able to
(22:53):
be successful and get all grab all that those people there.
Speaker 2 (22:56):
Have you managed to sort out our exclusive sneak peak
to the city railing you know, how are we going
to go on there together?
Speaker 11 (23:01):
Yes, that's right.
Speaker 2 (23:02):
Have you managed to sort that out? You we need
to get on there. Yes'll probably be waiting another year.
Speaker 11 (23:07):
So you really want do you want your own?
Speaker 2 (23:08):
I think we should. I think you and I should
go down. We can get some cameras from the heral
to come with us. I think that would be great
and go down there and just see what it's like. Yes,
you know, and.
Speaker 11 (23:17):
Are we going to busk as well? Like while we're
just going to go and see what it's like. Well,
you can sing, I'm going to take my triangle. I'll
hold the cap. We should go down I think that
would be fun.
Speaker 2 (23:29):
That's a good idea.
Speaker 11 (23:30):
And let's go and see an and just paint the picture.
Yeah exactly, Okay, right, you're on.
Speaker 2 (23:35):
And if it's crap, we'll tell you.
Speaker 11 (23:36):
Yes, you know, and what if they say no? What
if the bosses he said no, we don't want you
to going down there.
Speaker 2 (23:41):
Well do we? We just won't ask them. Yeah, we'll
just go correct. How's that weather?
Speaker 11 (23:45):
Cloudy? Chance of a shower late morning? Eighteen is the
high summer is coming?
Speaker 2 (23:49):
Brilliant neither. Eighteen to six News Talk z B Gavin
Gray in the UK. Next, so we'll talk about an
energy report that's coming out today. Speaking of energy over
in California, the governor there, Gavin Newsom, who's you know,
anti fossil fuels, led a crusade against fossil fuel companies.
He's now doing a bit of a U ten.
Speaker 1 (24:07):
Lord makers changing that too, and on fossil fuels, they
hope to keep oil and gas companies in the state.
What yeah, as a turned around right change?
Speaker 12 (24:17):
Hard?
Speaker 2 (24:17):
It certainly is. And this is the boss of Chevron,
Andy Waltz, who's going after him.
Speaker 13 (24:23):
I think it's been a tyranny of about twenty five
years of trying to get the refining business to leave California.
They've been putting in regulations and bureaucracy and taxes and
programs to push us out of the state.
Speaker 2 (24:37):
So it's not a great time if you're a climate
scientist or one of the Green party MPs. So it's
not a great time for you, is it? Because everyone,
even your friends and allies, are basically turning a blind eye,
turning a cold shoulder to the oil and gas debate.
Speaker 1 (24:52):
Now quarter to six international correspondence with ends and eye insurance,
peace of mind for New Zealand business Kevin.
Speaker 2 (25:00):
Grayand the UK for US Chinese national pleading guilty to
money laundering.
Speaker 14 (25:04):
This is over cryptocurrency, yes, and a massive amount of
bitcoin here we're talking about Ryan estimated to be worth
now something around eleven billion.
Speaker 15 (25:16):
New Zealand dollars. So a Chinese national called Yadi Jiang,
she's forty seven, was arrested in April last year. She'd
spent years on the run, arriving in the UK under
a false Caribbean passport having carried out what is an
alleged investment scan in China involving round three one hundred
and thirty thousand investors, and that scheme netting her this
(25:38):
incredible figure. It's been said now police first raided her
eleven million dollar six bedroom rented house in North London,
but it wasn't for two and a half years after
that before investigators discovered what was on the computer sixty
one thousand bitcoin in digital wallets, one of the biggest ever,
(25:58):
if not the biggest ever cryptocurrency seizures in the world.
The Chinese investors want that money back. The British government
is saying, well, hang on a minute, because it was
brought here. We've now got it, and I have to
tell you that five pounds is something our chance to
resigning as it would help fill a huge hole in
the finances here. Now suffice to say that the court
(26:19):
is meeting again in order to now decide a sentence.
But this case is quite extraordinary and it seems they
almost stumbled upon the bitcoin by accident.
Speaker 2 (26:30):
Gavin, what about the British military personnel taking legal election?
What's this about?
Speaker 15 (26:35):
Well, this is because British military personnel obviously are standing
near and firing off very loud equipment and what many
are saying is that they have had life changing injuries
like tinatus that ringing in the air constantly and also deafness. Now,
they were wearing combat ear plugs for use while training,
which they are alleging is what was responsible, because they
(26:58):
said they did not do the job. The US industrial
giant called three MS supplied the Ministry Defense here with
these lightweight combat ear plugs and they say, well, they
weren't being used properly. That's why some people have suffered injuries. However,
the company has already agreed to pay out roughly ten
billion New Zealand dollars to settle similar claims from a
(27:18):
court of a million US servicemen and women, but they
have not admitted liability. So now here in the UK
veterans are going to court hoping that they may get
something out of three M as well. Incidentally, rates of
hearing problems in veterans to the armed forces under seventy
five years old are three and a half times higher
than the general population.
Speaker 2 (27:40):
Kevin appreciate Thatkevin Gray are UK europe correspondent time as
twelve to six Bryan Bridge eight am. Will get the
Frontier report, We'll get the government's action plan. This is
happening very soon. Industry leaders calling for bold moves. Karen
Boys's Major Electricity Users group with us this morning. Karen,
good morning, Good morning, Ran. Have you had a look
at the report yet? Have you give me a copy?
Speaker 16 (28:01):
No? No, So, just like you and many others, I'm
sitting here waiting for that eight o'clock deadline for it
to come out.
Speaker 2 (28:08):
Are you are you holding your breath or are you
actually realistic that this is going to be more tweaks
than bold moves.
Speaker 16 (28:16):
It's really I mean, I'd like to be optimistic and
hope they've listened to the calls from everybody. I said,
the mood of the boardroom was pretty clear that, you know,
energy is real concerns. So I hope they've been bold,
but I think sadly I'm going to have to be
realistic about what they might choose to do.
Speaker 2 (28:30):
How do you feel about LNG.
Speaker 16 (28:35):
It's yeah, I said it we certainly helped with bringing
in fuel. I said, obviously we're running out of domestic gas.
And I said, any options to explore domestically, I said,
we'll have time if we do discover anything to bring
it to market. LNG does link us at international markets,
which means that the cost could be quite high. So
(28:57):
I said, it doesn't mean it's a cheap option that country.
It just provides you with I guess, more guaranteed supply.
Speaker 2 (29:04):
And what about the access to it? You know, who
would get access to it? What would the cost be?
Are those things that you've looked into that you're worried.
Speaker 16 (29:11):
About, you haven't looked at it in detail?
Speaker 3 (29:14):
I said.
Speaker 16 (29:15):
The big question will be is lergy available for everybody?
And so that means the electricity generators as well as
users of guests directly, because they said industrial users are
finding it increasingly hard to get gas at all. So
I said, be keen to understand could they access it
and what is the cost, because that'll really decide whether
that can afford to use it or have to try
(29:37):
and transition, or yet make the hard decisions to perhaps
stop business.
Speaker 2 (29:42):
Can you paint a picture for us, Karen, how bad
will things get? You know, your major in electricity users group,
your big clients, your big members. What happens if we
don't sort this out?
Speaker 16 (29:56):
I said, some of the businesses at the moment who
are struggling to get gas supplies, we'll have to make
the hard decisions about whether they can convert over to
electricity this case, some of them can. I said, then
we're faced with a large demand coming to the electricity
system and we're going to be faced with having to
build a head to build fast. The question is can
(30:18):
we get the network built out in advance of this,
Can we get the generation built? Can we get it
connected to the system? There's going to be a lot
of pressure on the system. And I said, we've already
facing high cost, So I said, you're going to see
a real risk a lot of businesses are going to
have to reduce production shutdown. That is a real concern.
(30:40):
There are a number of businesses that who do have
long term contracts, so that there are a number who
will probably be able to get whether it out for
a while. Sort of question is how long? And the
worst thing is we might miss opportunities like data Center
is another other technology and innovations that might want to
come here that might decide not to. As I were
(31:00):
resolusing what we've got and we're also restolusing what might
have companies.
Speaker 2 (31:05):
Karen, appreciate your time this morning, Karen Boys major Electricity
Users group. That report out eight o'clock this morning. Michael
had more on it for you later on.
Speaker 1 (31:15):
On your radio and online on Iheard Radio Early Edition
with Ryan Bridge and one Root Love where you Live
news Talks.
Speaker 2 (31:24):
They'd be six to six on news Talks. They'd bear
spoke to the sin Lay boss yesterday and he was
saying after the Poconos sale, obviously going to save their
bacon a little bit, but he was saying for their
Dune sandal plant, they have just signed a new contract
for energy and it is double what it was for
the last one and it's an extra six million dollars
to them. Today the Frontier report comes out. There is
the big energy report in the government's big response to it.
(31:46):
And there was no one more excited about that than Mike,
who's in the studio. Mike, good morning.
Speaker 12 (31:50):
I've read it and without breaking embargoes because the reason
they're doing it. This morning is for market reaction. They
don't want to come out and the market goes all
weird about it. But it's without giving it away. I
cannot help but think. I mean, it depends what your
problem is. So what's your problem with the power market?
So power's too expensive?
Speaker 3 (32:08):
Right?
Speaker 12 (32:08):
Why is it too expensive? Because we don't produce enough power,
so we need to produce more power. The industry would
argue they're going to produce more power with renewables and
they're on track to do that. And the main reason
was short in these last couple of winters is because
the gas is running out. The spot price went up,
we didn't have enough coal. The coal thing's been sorted,
you know. Yesterday the Commist Commission came out and said.
Speaker 2 (32:28):
We approve of this. Like what else were you going
to do? Anyway?
Speaker 12 (32:32):
So everyone's got together and they're agreeing to burn lots
of Indonesian and local coal and all of that's fantastic.
So what is it that's broken that we're looking for
today that they're going to be able to do now?
Shane Jones will say, or many people will argue, what
you need to do is split gentailors, so to do
they're not going to do and I but this is
not from the press release. Just in case I'm breaking
(32:53):
in a barger I've been told previously that they were
never going to do that. So what you're going to
get today, in my humble opinion, is not a lot.
Speaker 2 (33:04):
But what you mentioned, what problem are they trying to solve?
None of us is going to fix the twenty twenty
six crunch that we are expecting will do so next
year we could have some blackouts. Regardless of what happens.
Speaker 12 (33:17):
We will know we want well, they would argue, we're
not because we got enough coal. So the Cold Deal
alone will keep huntly going to the point that we're
not going to So that saved the day, that Cold
Deal one hundred percent. So long term, as far as
everyone I've talked to in the power industry says, there's
plenty of money going in and we're doing solid. Eventually
we'll get there. So is today about the hero and now?
Speaker 3 (33:37):
Not?
Speaker 2 (33:37):
Really?
Speaker 12 (33:38):
Is today about something bigger? Theoretically? Is it going to
profoundly change the way the market runs? I can't see how.
Speaker 2 (33:46):
And then the question is is this Luxeon and his
incremental managerialism not wanting to make big calls or is
he just hamstrung buying party on his left and party
on is right. It's a good question.
Speaker 12 (33:56):
Actually, I think it was the former. I think it's
that little you know. I think he sees things are
bigger than they actually are and they go, hey, wait
till you're here today, and it's like, really.
Speaker 2 (34:06):
That's the problem. Key and That were really good at underplaying,
you know, over delivery.
Speaker 1 (34:13):
For more from Early Edition with Ryan Bridge, listen live
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