July 18, 2025 • 28 mins
Adam Lang and Sean Aylmer go head to head on the top business stories of the week, with special guest judge Tim Burrowes (presenter of MediaLand, publisher of Mumbrella and Unmade) picking a winner in a fierce debate.
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Episode Transcript
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Speaker 1 (00:06):
This is the weekend edition of Beer and Greed business
news you can use. I'm Suan Alma and good morning
at Damski Lang.
Speaker 2 (00:13):
Hello Sean.
Speaker 1 (00:14):
Our weekend show is all about the two of us,
each nominating what we think is the biggest story of
the week, the most remarkable story and mystery category, and
our favorite story. It's always a competition. Normally it's Michael
Thompson and I going for the jugular with you judging. However,
Michael's done outrageous thing and taking holidays. Can you believe it?
(00:35):
So you are in the hot seat. But we need
a judge, and I'm pleased to say we have a
returning judge. He's not been with us for a little while,
but certainly well credentialed. Tim Burrows is the founder and
publisher of Umbrella and Unmade, as well as being the
presenter of Media Land on ABC Radio National. One of
(00:56):
our great advocates too, which we really appreciate. Welcome back
to the weekend edition, Tim Burrows and.
Speaker 3 (01:00):
I still haven't got a Fair and Greed mug. Just really,
I will keep I will keep campaigning and dropping heads.
Speaker 1 (01:07):
I've got one on my disk actually wrapped up still
which will give you.
Speaker 3 (01:12):
Tim, there we go.
Speaker 2 (01:14):
Let's just see how the judging goes.
Speaker 3 (01:16):
Let's wait, Let's wait and see how things look at
look at the the end, and I realized I have
quite high standards to match up to. After Diana in.
Speaker 1 (01:25):
Great last time you judged us, I failed. You were harsh.
I don't want to put it out there, but Tim,
I thought you were. I thought that we used to,
Michael and I used to getting twenty two, twenty three
and twenty five from a.
Speaker 3 (01:38):
Tough score there. But it's just comparative. So long as
that someone wins. It's true, I'd be very unlikely to
give twenty out of twenty five out of twenty five,
but I guess the at least for to bring some
certainty into your life, I probably won't be quite as
capricious a judge as Diana was last. Yeah, so I
(02:02):
think we're going to go back to classic Coke style judging.
Speaker 1 (02:05):
Okay, now, if you were you are judging, do you
have any idea what the criteria might be that you
would judge on. What are you looking for?
Speaker 3 (02:13):
I think I look for many of the classics, many
things you might hear Adam say, you know, we're looking
for impact. We're looking for specific relevance to the week.
So that's it. That's always a key one for the
genuine relevance. And as you may know, I'm a fan
of sledging, so there will be a bonus point available
(02:34):
for the best sledge of the day.
Speaker 1 (02:37):
I'm going to start off by sledging you because after
the last you text me and you said, don't mean
to be a pint or anything, but like I think
we're thirteen on twenty five four percent.
Speaker 3 (02:48):
Yes you're complaining about having uniscored fifty two percent.
Speaker 1 (02:54):
You creaked in my mathematics.
Speaker 3 (02:56):
I was happy to help out.
Speaker 1 (02:57):
Then yes, let's jump into it. The newstart, first biggest
story of the week.
Speaker 2 (03:02):
Very well tim for me. This week Prime Minister Anthony
Albanesi's six day visit to China was as commercially significant
as it was diplomatically delicate and historic. Accompanied by his
fiancee Jody Hayden and a business delegation featuring BHP's Geraldine Slattery,
Ford Escues Andrew Forrest and Rio Tinto's Kelly Parker, the
(03:23):
trip centered on.
Speaker 1 (03:24):
Trade, handholding, some holiday snaps.
Speaker 2 (03:29):
Under the Albanesi government, China has lifted sanctions on coal, wine,
barley and lobster, in a reset that's worth over twenty
billion dollars. In recent years, he met with President Xi
Jingping and Premier League Kyung and was honored with dual
state banquets and by walking the Great Wall Albanezi echoed
the USA's Richard Nixon in seventy two and Gough Whitlam
(03:51):
in nineteen seventy one. He also participated in pandered diplomacy
in Chengdu, continuing a tradition since Bob Hawk's nineteen eight
his visits. But this trip's real impact lies in reinforcing
Australia's largest trading relationship. Peter Harcher observed in The Sydney
Morning Herald that Jijiping views Australia as quote ripe fruit
(04:11):
ready to fall in a world of shifting alliances. For Australia,
the visit wasn't just symbolic. It was about cementing hard
nosed trade deals for future growth and soft diplomacy in
very delicate geopolitical times. It's a long term play with
our largest trading partner and my nomination for biggest business
story of the week.
Speaker 1 (04:32):
Okay, look a good story. Note out about it, but
quoting Peter Harcher, who's one of the great political writers,
like a beautiful turn of phrase. He can't get points
for that ripe fruit from Peter Harcher because you stole
it from Harcher, borrowed poets. Still canters poet look nice effort,
good effort. I mean basically, we just got holiday snaps
(04:54):
of Alba and Jady wandering around holding hands and the
great it says in Lee came out this week and
had a crack at them for it, and I mean indulgent.
They said it wasn't indulgent. You know, this is all
important diplomacy. But there were a lot of happy snaps,
don't you like.
Speaker 2 (05:12):
Just general and too many rabbits tops.
Speaker 1 (05:15):
Oh that rabbo cap. Get rid of it, and I'm
a rabbit os fan, Get rid of it.
Speaker 3 (05:20):
And then the rabbit is a great ball of China.
That's what you think of when you think of rabbits.
Speaker 1 (05:25):
That is true, beautiful, beautiful writer, good evortt not the
biggest story of the week, though. This week's all been
about Market's team Markets Markets Markets Wall Street all time
record a SX two hundred new closing high. Ten new
records this week from the ASEX not this week this
year from the ASEX two hundred, including one this week
on Wall Street and video pushed beyond four trillion US dollars.
(05:49):
What's that six point one trillion ossie dollars? If you
took incredible all of our market added all together, doubled it,
it'll still be worth less then video, quite amazing. Bitcoin
went through one hundred and twenty three thousand US dollars
a unit. Donald Trump in the last couple of days
has come out and said he's going to open up
cryptocurrencies to retirement accounts in the US. They are four
(06:10):
oh one ks.
Speaker 3 (06:12):
Wow.
Speaker 1 (06:13):
That's going to give it a rocker boost if that happens.
The had labor Force figures out this week they basically
greenlighted the Reserve Bank to cut interest rates. That pushed
the local market higher. All this while we're still finding
about Tariff's, Fed's independence, uncertainty of all that sort of stuff.
But markets this week phenomenal effort.
Speaker 3 (06:32):
Sure, I'd say.
Speaker 2 (06:33):
That's incrementalism versus intergenerational significance.
Speaker 1 (06:39):
I have no idea what that means.
Speaker 3 (06:42):
You're about to explain that, sean so very strong start
from Adam. I thought and sure there was one other
thing I meant to mention before we started, which was
a zero tolerance policy for anything that could be potentially
described as an omnibus answer, of which I quite like
the mark, but it feels like it was a bit
(07:05):
of an omenouss They're going to take a point off there,
which gives Adam a narrow when in the first round narrow, only.
Speaker 1 (07:12):
Narrow in the bank.
Speaker 2 (07:14):
I've got a lot to prove.
Speaker 1 (07:16):
Not liking Tim at the moment. Okay, so we have
worked out so far that Tim's not much of a judge.
Second category slitching's winning over the judge so many many
years ago. And I did not know Tim, and he
asked me to come and be on a panel at
(07:38):
one of your annual conferences. And it was down at
Darling Harbor. And those who don't know Tim, Tim is
actually quite unnerving when you first meet him, because you
you're understated in many ways. So we came to this
conference and I sat there and I'm thinking, I'm going
to put a shell on and Tim, the crowd that
(07:59):
loved you right and now matter what I said, they're
looking to you. And I had a pretty big job then.
I was important they didn't care what I said. It
was just whatever Tim Burrough said. Sort of disarmed and
have been disarmed around Tim ever since. Anyway, moving on
one meal to Adam the most remarkable story, how about
I go first? This time they're looking at thinking about
(08:22):
Tim's criteria. I think I'm in and all sorts. So
this week, specifically, Larry Ellison became the world's second wealthiest person,
first time he's hit that level. According to Bloomboo Billionaires
Index that's on the back of a Ralian Oracles share
price is worth about two undred and fifty one million US.
He took over Zuckerberg, of course, still well below Elon Musk,
(08:46):
who from memories about three point fifty or thereabouts. Now,
Oracle's one of those companies that I reckon. Most of us,
oh Oracle, but we don't really know what they do.
They're just sort of one of those business It is
business to business. It's been a real winner in the
artificial intelligence stakes because it has a lot of cloud infrastructure,
which chat TBT uses for example, software hardware products. Best
(09:08):
known for Oracle Database. It's the database management system with
cloud infrastructure AI solution. So that's why it's done so well,
the eighty year old Ellison has become number two. That's remarkable.
What's really remarkable is when you look at the Billionaires Index,
how it's full of US tech heads. So ten of
(09:30):
the top twelve positions are held by tech titans. So
mask Ellison, Mark Zuckerberg the top three test for the
judge because I'm just trying to unnerve Hymnax. He's unneerthed
me for the last fifteen years. Can you think of
the two that of the top twelve that are not teakeheads.
So we have like Steve Boumer from Microsoft, Larry Page,
(09:52):
and so Serge brin Google, Yensen Huang nowadays because of Nvidia,
Michael Dell's in there, Bill Gates is in and they're the
other two.
Speaker 3 (10:01):
I feel like it'd have to be like someone from
Walmart or something.
Speaker 1 (10:06):
Thirteen and fourteen Family the Water. No, I think you
have me, then you're gonna have to think think investing great, great.
Speaker 3 (10:14):
So would it be something Warren Buffett.
Speaker 1 (10:16):
Yes, yes, yes, yes, Warren Buffard definitely, Oracle of Omaha,
the Oracle of Omaha. He comes in at number ten
and coming in at number seven. This is given that
you're wearing a lumberjack out fit today, right, I'm not
sure that you would know this particular man, whereas Adam
dapper as ever suit tie.
Speaker 3 (10:38):
Adam looks like the Sydney person. Is I look like
the Tasmanian that I am.
Speaker 1 (10:41):
He's probably wearing a Louis Viueton tie, which is right,
which I don't think is part of the LVMH, which
I know, of course is the other. He's the LVMH man.
He's the other top twelve person.
Speaker 3 (10:54):
A genius or luxury marketing.
Speaker 1 (10:56):
Yes, yes, true, Okay, so anyway, we've totally gone astray here.
My most remarkable story is just these tech titans, just
how wealthy they are. Adamski over to you.
Speaker 2 (11:07):
It is a ripper of a story. Tech titan riches
Mine is superannuation returns a little something for everyone in
this world. Tim superannuation funds have quietly delivered one of
the most remarkable results in financial markets this financial year.
The median growth option returned ten and a half percent
in fiscal twenty five, outperforming the already strong returns of
(11:29):
the previous two years and pushing total three year returns
to over thirty percent. And that's According to super Ratings,
growth funds typically hold sixty one to eighty percent inequities,
and with international and Australians shares up nearly fourteen percent,
it's no wonder superannuation funds have surged. Private equity delivered
around nine and a half, Infrastructure performs strongly and even
(11:50):
traditionally defensive assets like local bonds are up seven and
global bonds plus five point four percent. Now chant West
says over the long term, growth funds are returning seven
point two, high growth eight point four and conservative balanced
five point nine. So at a time when global markets
are sensitive, Australian superannuation funds are a local powerhouse, growing
(12:14):
in international scale, compounding gains year after year, and according
to Finder, there are about twenty five million superannuation accounts
currently held in Australia, covering approximately seventeen million Australians. These
super returns are a remarkable win for every Australian superannuation holder.
Speaker 1 (12:34):
Okay, I mean yet again a worthy story from Adam
over to you, Tim.
Speaker 3 (12:38):
Yeah, I so we'll start with start with Sean pretty interesting,
actually surprised. While you were talking rich lists, we obviously
had the AFI Rich Bosses list with Richard White sitting
at the top. So I'm surprised you didn't bring that
back in, but perhaps that would have been a little.
Speaker 1 (12:55):
Good blow misunderstood part of the omnibus.
Speaker 3 (12:58):
Issue, something something of a brand issue with that particular
with that particular chap. So we probably won't won't necessarily
go all the way there. Uh So, So, yeah, that
felt like maybe a missed opportunity for Sean for for Adam. Interesting, yes, Markable,
(13:19):
maybe a stratch. So I'm going to give that one
to Sean. I was building on that one.
Speaker 1 (13:26):
Oh, this is you know normally when Damski's judging is
he's such a nice person. He's saying, Michael, you know,
don't like this, but you're really good. Sewan, don't know this,
but you're really good. Tim Burrows comes in, whack Adam,
whack Sean off. We go move on with them.
Speaker 3 (13:39):
It's just tough.
Speaker 1 (13:40):
Yeah, definitely time for a break, cup of tea, perhaps
of becks and lie down and we'll be back in
a moment with the rest of the weekend edition. Okay,
we're back. We have Tim Burrows as our guest judge. Tim,
of course, is he and publisher of a Umbrella and Unmade,
(14:01):
as well as being the presenter of Media Land on
ABC Radio National even dooing that gig media I am.
Speaker 3 (14:07):
We're halfway and I'm sort of beginning to figure out
a little bit of you know, how to turn on
the microphone.
Speaker 2 (14:14):
If you can't listen on Friday nights, you can always
get the podcast straight away after.
Speaker 3 (14:17):
That's it, so it can be you can make it
part of your Saturday morning maybe after the weekend edition.
Speaker 1 (14:24):
That's right, not before, but after.
Speaker 2 (14:28):
It's a great show.
Speaker 1 (14:29):
It is a great show. We have a category each
week which is a mystery category. This week the mystery
category our favorite science story of the week. Now, when
I was at university and beyond, I used to read
(14:49):
the Economists, right because I used to think I'm pretty smart,
I need to read the Economy.
Speaker 3 (14:55):
Do you read the Economist?
Speaker 1 (14:57):
It preaches a bit to me, but part of the
story is good. I didn't relate the economics so much,
notwithstanding trying to become an economist. But their nature and
science stories were the best and they still remain up there.
So this is like favorite science story. So I'm not scientific,
but god, I love these science stories.
Speaker 2 (15:18):
Yeah, and they so related to business. Think about what
NASA did for technology. You know, we wouldn't have the mouth.
Speaker 3 (15:24):
That's about it.
Speaker 1 (15:24):
Mine's got nothing to do with business whatsoever. Today, tell
me your favorite science story of the week, Adam, all right,
it may sound like science fiction, but this story is
a medical breakthrough from the UK. Eight babies have been
backing up to the judge.
Speaker 3 (15:39):
Well, it was an accidental benefit.
Speaker 2 (15:43):
These eight babies have been born using DNA from three
people to prevent mitochondrial disease. The UK was the first
country to legalize the procedure and the end result, children
are born free of this often fatal condition, which affects
about one in five thousand babies, starves the body of energy.
As reported by the BBC this week, the pioneering technique,
(16:05):
developed at the UK's Newcastle University and delivered via their
national Health system, uses DNA from the biological parents, plus
a tiny amount that's just zero point one of a
percent from female from a female donor to replace defective mitochondria. So,
in great news, all eight children are healthy with another
pregnancy underway, and since mitochondria are passed from mother to child,
(16:29):
the genetic fix becomes permanent. It's an incredible step forward
in generational disease prevention, and my favorite science story of
the week, Sean, probably.
Speaker 1 (16:40):
That story at the end of the days. You can't
be critical of it whatsoever is Yeah?
Speaker 3 (16:45):
Have you noticed though, He's beginning to get a better
of a technique of choosing stories like that, the worthiness
the worthy.
Speaker 1 (16:51):
Story minds less worthy, less business, really, but entertaining. We
found out this week that animals react to sounds being
made by plants. This is the possibility that an invisible
ecosystem exists out there in the world that we humans
know nothing about. In the first ever such evidence, a
(17:12):
team at Tel Aviv University found that female moths avoided
laying eggs on tomato plants if those plants made noises
that they associated with distress, to the indication the tomato
plants saying, oh no, my healthy, don't lay your egg here,
and the moth doesn't. Isn't this phenomenal. The team was
also the first to show two years ago that plants
(17:34):
scream when they're distressed unhealthy, literally make a noise. The
sounds are outside the range of human hearing, can be
perceived by many insects, bats, and some mammals, the academics
concede it is speculation at this stage, but it's possible
that all sorts of animals make decisions based on the
sounds they hear from plants, such as whether pollinate, hide
(17:55):
inside them, eat the plant, that type of thing. Another
area of investigations the plants can pass information to each
other through sound or act in response, such as conserving
the water that type of thing. Can you imagine the
conversations like it'd be like, oh, Maggie, Maggie, the cavoodle's
on the way over.
Speaker 2 (18:14):
Distress.
Speaker 1 (18:17):
But dang, you think it's very cool that they could
be this little ecosystem of plants communicating to each other
and to others about there's a.
Speaker 3 (18:28):
Whole pixel movie in that life of bugs.
Speaker 1 (18:32):
Surely sure you know which is the one where the
humans are the idiots? I don't know, there's the plants
actually know what's going to answer one of those ones?
I think it was. Yeah, I just think that's phenomenal.
I mean, what that got to do with business lots
to the tomato growlers out there?
Speaker 3 (18:50):
Myself?
Speaker 1 (18:51):
That the tomato growers out there, who are you know,
worried about the moths pollinating?
Speaker 2 (18:56):
If only we could hear the distress, Maybe we can
get more productive crops.
Speaker 3 (19:01):
Yes, I hey, look, certainly an esoteric category, which resulted
in slightly lower scores for both of you. No, Sean
did have of life. Sean did have his nose just
to have. But I can't let the dessing of the
economists go past as my favorite magazine is your favorite,
(19:24):
it's my favorite magazine.
Speaker 1 (19:25):
So I have a great friend called Sean Turnell, and
Sean's quite famous because he was for five hundred days
held captive in Mienmar, and he was interviewed by the
economists only in the last couple of weeks on what's
going on in mem and he posted in the last
ten days absolutely blasting the economist saying, well, no, they
haven't represented me. And Sean is very pro me and MA.
(19:50):
But his comment was there a lot of the journalists
are highly intelligent graduates of I don't know his Oxford
are one of those something like that, trying to tell
us what they think of the world. And he absolutely
And the problem is I find the economist does lecture
(20:12):
to me a little bit, And then when I read
that from a friend, I'm like, oh, that's just reinforced
my view, So I'm.
Speaker 2 (20:18):
Just gonna be wrong going favorite magazine.
Speaker 3 (20:22):
I think the thing is maybe I like it because
you know, it just sort of feeds my inferiority complex.
So I figure, there is you know this, this, this,
this higher tier of Oxbridge graduates who.
Speaker 1 (20:32):
Know in the end, I get that, and they talk
about stuff that I just don't know anything about, and
so you really like and.
Speaker 3 (20:39):
Then you read it and then you can pretend that
you do.
Speaker 1 (20:42):
Yes, Oh okay, I like it. Right, he's come back.
Speaker 3 (20:46):
And for the record, it was that rand was a
d all gone.
Speaker 1 (20:51):
So we got we don't know the points and we
don't need we don't know the.
Speaker 3 (20:55):
Points, but it's one and a half rounds each.
Speaker 1 (20:58):
One and a half to one and a half. This
is scary. Starffback favorite story a dance ki matey, all right,
make it interesting because we've had three very worthy stories.
Speaker 2 (21:11):
Yeah, I was planning on being so much further ahead
at this point because I've taken a bit of an
indulgence on this one. My favorite story of the week
is that this week we found out that a fullsome
version of a Treasury briefing paper was accidentally released to
the ABC, revealing blunt advice for the Albanezy government. The
budget cannot be fixed without raising taxes and cutting spending,
(21:34):
and the flagship goal to build one point two million
homes in five years quote will not be met. The
Treasury report was provided after Labour's re election, and the
document suggests increasing indire indirect taxes like the GST, taxing superannuation,
while reducing personal and company taxes to boost participation and investment.
(21:55):
It also critiques the dysfunctional National Housing Infrastructure model and
raises concerns about delivery capability.
Speaker 1 (22:03):
If this is your favorite story, you bet carry on
is your favorite story.
Speaker 2 (22:06):
Yeah, I'm hoping I'll bring it all home.
Speaker 1 (22:09):
I'm looking at Tim and he's smiling way too much
for my comfort zone.
Speaker 3 (22:12):
Demandment journalist slight leaks.
Speaker 1 (22:16):
The Treasury paper is a rare It's not the leak
that Adam's excited about the productivity study it.
Speaker 2 (22:23):
So the Treasury paper is a rare insight into the
economic warnings facing Treasurer Jim Charmers, and a reminder that
budget repair and housing reform will not come easily. As
someone with a thinly disguised passion for reform the sky,
I hope I hope this sparks the urgency Australian needs,
turning our structural budget crisis into an opportunity. We must
(22:45):
lift productivity, think ahead of our short term hip pockets,
and stop handing the country to our children in worse
shape than we found it. The path the head may
be hard, but the steaks are generational. This week, the
ABC's Freedom of information quest has given us proof of
what the federal federal Treasury knows we need to do,
and that is why it's my favorite story of the week.
(23:08):
Fire Up Australia. Let's get productive on an international scale,
if not for ourselves, for the kids, for the kiddies.
Speaker 1 (23:15):
So what I would like to say Tim is that
he has no interest in the leak whatsoever, so that
cannot be part of the story.
Speaker 3 (23:22):
The data.
Speaker 1 (23:23):
It's just the self evident information that Treasury gave.
Speaker 2 (23:27):
Beautiful leak.
Speaker 3 (23:29):
But if it was, like Siri, please show me an
exact summary of the classic Adam answer, and I think
we've just heard founded.
Speaker 1 (23:38):
I like it very true, that's another work, but that no.
Speaker 3 (23:41):
That might be, that might might might even be a compliments.
Speaker 1 (23:46):
Better. That is why Tim's unnerving, because you're never sure
what he's thinking, and he goes that might even be
a compliment, so that it's not don't know what you
don't know, You've got no idea right back fifteen twenty
years ago and I sat next to him on the
panel and he started talking to me and no one
was listening because everyone's listening to him. That's unnerving.
Speaker 2 (24:03):
Not that you're holding onto it.
Speaker 1 (24:05):
No, no, I'll let it go. My favorite story. It
might be a little dry actually though it's all a
relative Adam, so I know you were talking productivity, so
it's not that bad. It's my favorite story because it
illustrates the enormous challenge Australia in the world has shifting
to a carbon neutral planet. Almost every large solar farmer
in australia Southeastern States will be forced to switch off
(24:27):
at least one third of the power they generate by
twenty twenty seven because we don't have the poles and
wires in place. This is according to the Australian Energy
Market Operator, the regulators. I think we can say it's
a fair Dinkham report. Major solo farms in Victoria and
South Australia are forecaster have shut off rates of more
than thirty five percent within the next couple of years.
Several major projects are likely to be forced to shed
(24:50):
more than sixty five percent of their power, the analysis shows.
Im said Victorian and South Australia shot off rates forecast
to be particularly high as the big growth of new
reas renewable energy projects hasn't been mentioned matched with the
equivalent growth in infrastructure poles and WISE. Point being this
isn't just about building wind and solar farms. We talk
(25:11):
about that all the time as important, maybe more important
really is actually getting that energy from the farm to
the business to the household.
Speaker 2 (25:23):
Somewhere we can use it.
Speaker 1 (25:25):
Yeah, it's probable that we will actually be generating enough
renewable power. We just won't be able to shift the
energy to where it's going to go. And this is
my favorite story because it's the first time this week
that I thought, wow, we thirty five percent of power.
We're just going to have to shaft because we can't
get it now. Hopefully the government with AEMO with private
(25:46):
sector get together work out poles and WISE and maybe
we can get some technical breakthroughs too to use existing
poles and WISE. Not there yet, but it's my favorite Strokes.
It just made me realize, Wow, we are so far
from getting to work. We need to go team well.
Speaker 3 (26:04):
Both Well argued, Actually, yeah, I I do. Yeah, as
I say, I do like government policy ending up in
the public domain when they didn't want it to. So
I am very I'm very into solar policy, though I
do find that fascinating. I've got my solar panels are
(26:25):
I've got my electric car, and I suffer I suffer
from range anxiety, just like just like every electric car.
So I've actually ended up that one actually ends up.
I've got both of you on twenty two points. So
what happened?
Speaker 1 (26:40):
Sean, the great Tim Burrows, the many people, that is,
the man who we criticized for being has come in
to Yeah true, has come in today and scored us
to one and a half one.
Speaker 3 (26:57):
Yes, when I scored the overall points though they is
a winner. Now, firstly, I think I ought to. I
did say I'll give somebody a point for sledge, So
I think I am going to give that to Sean
actually for the pointing out their happy snaps on the
on the Great Wall, which actually extends the margin of
Shawn's victory by eighty four points. To eighty two points. Congratulations, Adam,
(27:24):
take everything back.
Speaker 1 (27:29):
You no longer do you unnerve me. I have confidence
in you. I believe that you are the great.
Speaker 3 (27:35):
Judge until next time.
Speaker 1 (27:38):
Until next night, Tim, we will ask you back now.
It was very much. It was touching down until your
final comments. Thank you very much for being our guest judge,
and good luck with all your media outlets. Thank you
for the invitation, always a pleasure, never ature and thank you,
Thank you Sean, thank you, Tim, I guess judge and
of course Tim Burrow's founder and publisher of Umbrella and
(28:00):
made in the presenter of Media Land at ABC, at
ABC Radio National space it's on, but it's probably at
really just as well ABC Radio National DMFSKI. Of course
he'll be back next week judging. Michael Thompson will be
back next week. Make sure you're following the podcast. Join
us online on LinkedIn, Instagram, TikTok, Facebook and x I'm
sure Ailma. And that was the weekend edition by Fear
and Greed Business News. We hope we have a great weekend.
This is the weekend edition of Beer and Greed business
news you can use. I'm Suan Alma and good morning
at Damski Lang.
Speaker 2 (00:13):
Hello Sean.
Speaker 1 (00:14):
Our weekend show is all about the two of us,
each nominating what we think is the biggest story of
the week, the most remarkable story and mystery category, and
our favorite story. It's always a competition. Normally it's Michael
Thompson and I going for the jugular with you judging. However,
Michael's done outrageous thing and taking holidays. Can you believe it?
(00:35):
So you are in the hot seat. But we need
a judge, and I'm pleased to say we have a
returning judge. He's not been with us for a little while,
but certainly well credentialed. Tim Burrows is the founder and
publisher of Umbrella and Unmade, as well as being the
presenter of Media Land on ABC Radio National. One of
(00:56):
our great advocates too, which we really appreciate. Welcome back
to the weekend edition, Tim Burrows and.
Speaker 3 (01:00):
I still haven't got a Fair and Greed mug. Just really,
I will keep I will keep campaigning and dropping heads.
Speaker 1 (01:07):
I've got one on my disk actually wrapped up still
which will give you.
Speaker 3 (01:12):
Tim, there we go.
Speaker 2 (01:14):
Let's just see how the judging goes.
Speaker 3 (01:16):
Let's wait, Let's wait and see how things look at
look at the the end, and I realized I have
quite high standards to match up to. After Diana in.
Speaker 1 (01:25):
Great last time you judged us, I failed. You were harsh.
I don't want to put it out there, but Tim,
I thought you were. I thought that we used to,
Michael and I used to getting twenty two, twenty three
and twenty five from a.
Speaker 3 (01:38):
Tough score there. But it's just comparative. So long as
that someone wins. It's true, I'd be very unlikely to
give twenty out of twenty five out of twenty five,
but I guess the at least for to bring some
certainty into your life, I probably won't be quite as
capricious a judge as Diana was last. Yeah, so I
(02:02):
think we're going to go back to classic Coke style judging.
Speaker 1 (02:05):
Okay, now, if you were you are judging, do you
have any idea what the criteria might be that you
would judge on. What are you looking for?
Speaker 3 (02:13):
I think I look for many of the classics, many
things you might hear Adam say, you know, we're looking
for impact. We're looking for specific relevance to the week.
So that's it. That's always a key one for the
genuine relevance. And as you may know, I'm a fan
of sledging, so there will be a bonus point available
(02:34):
for the best sledge of the day.
Speaker 1 (02:37):
I'm going to start off by sledging you because after
the last you text me and you said, don't mean
to be a pint or anything, but like I think
we're thirteen on twenty five four percent.
Speaker 3 (02:48):
Yes you're complaining about having uniscored fifty two percent.
Speaker 1 (02:54):
You creaked in my mathematics.
Speaker 3 (02:56):
I was happy to help out.
Speaker 1 (02:57):
Then yes, let's jump into it. The newstart, first biggest
story of the week.
Speaker 2 (03:02):
Very well tim for me. This week Prime Minister Anthony
Albanesi's six day visit to China was as commercially significant
as it was diplomatically delicate and historic. Accompanied by his
fiancee Jody Hayden and a business delegation featuring BHP's Geraldine Slattery,
Ford Escues Andrew Forrest and Rio Tinto's Kelly Parker, the
(03:23):
trip centered on.
Speaker 1 (03:24):
Trade, handholding, some holiday snaps.
Speaker 2 (03:29):
Under the Albanesi government, China has lifted sanctions on coal, wine,
barley and lobster, in a reset that's worth over twenty
billion dollars. In recent years, he met with President Xi
Jingping and Premier League Kyung and was honored with dual
state banquets and by walking the Great Wall Albanezi echoed
the USA's Richard Nixon in seventy two and Gough Whitlam
(03:51):
in nineteen seventy one. He also participated in pandered diplomacy
in Chengdu, continuing a tradition since Bob Hawk's nineteen eight
his visits. But this trip's real impact lies in reinforcing
Australia's largest trading relationship. Peter Harcher observed in The Sydney
Morning Herald that Jijiping views Australia as quote ripe fruit
(04:11):
ready to fall in a world of shifting alliances. For Australia,
the visit wasn't just symbolic. It was about cementing hard
nosed trade deals for future growth and soft diplomacy in
very delicate geopolitical times. It's a long term play with
our largest trading partner and my nomination for biggest business
story of the week.
Speaker 1 (04:32):
Okay, look a good story. Note out about it, but
quoting Peter Harcher, who's one of the great political writers,
like a beautiful turn of phrase. He can't get points
for that ripe fruit from Peter Harcher because you stole
it from Harcher, borrowed poets. Still canters poet look nice effort,
good effort. I mean basically, we just got holiday snaps
(04:54):
of Alba and Jady wandering around holding hands and the
great it says in Lee came out this week and
had a crack at them for it, and I mean indulgent.
They said it wasn't indulgent. You know, this is all
important diplomacy. But there were a lot of happy snaps,
don't you like.
Speaker 2 (05:12):
Just general and too many rabbits tops.
Speaker 1 (05:15):
Oh that rabbo cap. Get rid of it, and I'm
a rabbit os fan, Get rid of it.
Speaker 3 (05:20):
And then the rabbit is a great ball of China.
That's what you think of when you think of rabbits.
Speaker 1 (05:25):
That is true, beautiful, beautiful writer, good evortt not the
biggest story of the week, though. This week's all been
about Market's team Markets Markets Markets Wall Street all time
record a SX two hundred new closing high. Ten new
records this week from the ASEX not this week this
year from the ASEX two hundred, including one this week
on Wall Street and video pushed beyond four trillion US dollars.
(05:49):
What's that six point one trillion ossie dollars? If you
took incredible all of our market added all together, doubled it,
it'll still be worth less then video, quite amazing. Bitcoin
went through one hundred and twenty three thousand US dollars
a unit. Donald Trump in the last couple of days
has come out and said he's going to open up
cryptocurrencies to retirement accounts in the US. They are four
(06:10):
oh one ks.
Speaker 3 (06:12):
Wow.
Speaker 1 (06:13):
That's going to give it a rocker boost if that happens.
The had labor Force figures out this week they basically
greenlighted the Reserve Bank to cut interest rates. That pushed
the local market higher. All this while we're still finding
about Tariff's, Fed's independence, uncertainty of all that sort of stuff.
But markets this week phenomenal effort.
Speaker 3 (06:32):
Sure, I'd say.
Speaker 2 (06:33):
That's incrementalism versus intergenerational significance.
Speaker 1 (06:39):
I have no idea what that means.
Speaker 3 (06:42):
You're about to explain that, sean so very strong start
from Adam. I thought and sure there was one other
thing I meant to mention before we started, which was
a zero tolerance policy for anything that could be potentially
described as an omnibus answer, of which I quite like
the mark, but it feels like it was a bit
(07:05):
of an omenouss They're going to take a point off there,
which gives Adam a narrow when in the first round narrow, only.
Speaker 1 (07:12):
Narrow in the bank.
Speaker 2 (07:14):
I've got a lot to prove.
Speaker 1 (07:16):
Not liking Tim at the moment. Okay, so we have
worked out so far that Tim's not much of a judge.
Second category slitching's winning over the judge so many many
years ago. And I did not know Tim, and he
asked me to come and be on a panel at
(07:38):
one of your annual conferences. And it was down at
Darling Harbor. And those who don't know Tim, Tim is
actually quite unnerving when you first meet him, because you
you're understated in many ways. So we came to this
conference and I sat there and I'm thinking, I'm going
to put a shell on and Tim, the crowd that
(07:59):
loved you right and now matter what I said, they're
looking to you. And I had a pretty big job then.
I was important they didn't care what I said. It
was just whatever Tim Burrough said. Sort of disarmed and
have been disarmed around Tim ever since. Anyway, moving on
one meal to Adam the most remarkable story, how about
I go first? This time they're looking at thinking about
(08:22):
Tim's criteria. I think I'm in and all sorts. So
this week, specifically, Larry Ellison became the world's second wealthiest person,
first time he's hit that level. According to Bloomboo Billionaires
Index that's on the back of a Ralian Oracles share
price is worth about two undred and fifty one million US.
He took over Zuckerberg, of course, still well below Elon Musk,
(08:46):
who from memories about three point fifty or thereabouts. Now,
Oracle's one of those companies that I reckon. Most of us,
oh Oracle, but we don't really know what they do.
They're just sort of one of those business It is
business to business. It's been a real winner in the
artificial intelligence stakes because it has a lot of cloud infrastructure,
which chat TBT uses for example, software hardware products. Best
(09:08):
known for Oracle Database. It's the database management system with
cloud infrastructure AI solution. So that's why it's done so well,
the eighty year old Ellison has become number two. That's remarkable.
What's really remarkable is when you look at the Billionaires Index,
how it's full of US tech heads. So ten of
(09:30):
the top twelve positions are held by tech titans. So
mask Ellison, Mark Zuckerberg the top three test for the
judge because I'm just trying to unnerve Hymnax. He's unneerthed
me for the last fifteen years. Can you think of
the two that of the top twelve that are not teakeheads.
So we have like Steve Boumer from Microsoft, Larry Page,
(09:52):
and so Serge brin Google, Yensen Huang nowadays because of Nvidia,
Michael Dell's in there, Bill Gates is in and they're the
other two.
Speaker 3 (10:01):
I feel like it'd have to be like someone from
Walmart or something.
Speaker 1 (10:06):
Thirteen and fourteen Family the Water. No, I think you
have me, then you're gonna have to think think investing great, great.
Speaker 3 (10:14):
So would it be something Warren Buffett.
Speaker 1 (10:16):
Yes, yes, yes, yes, Warren Buffard definitely, Oracle of Omaha,
the Oracle of Omaha. He comes in at number ten
and coming in at number seven. This is given that
you're wearing a lumberjack out fit today, right, I'm not
sure that you would know this particular man, whereas Adam
dapper as ever suit tie.
Speaker 3 (10:38):
Adam looks like the Sydney person. Is I look like
the Tasmanian that I am.
Speaker 1 (10:41):
He's probably wearing a Louis Viueton tie, which is right,
which I don't think is part of the LVMH, which
I know, of course is the other. He's the LVMH man.
He's the other top twelve person.
Speaker 3 (10:54):
A genius or luxury marketing.
Speaker 1 (10:56):
Yes, yes, true, Okay, so anyway, we've totally gone astray here.
My most remarkable story is just these tech titans, just
how wealthy they are. Adamski over to you.
Speaker 2 (11:07):
It is a ripper of a story. Tech titan riches
Mine is superannuation returns a little something for everyone in
this world. Tim superannuation funds have quietly delivered one of
the most remarkable results in financial markets this financial year.
The median growth option returned ten and a half percent
in fiscal twenty five, outperforming the already strong returns of
(11:29):
the previous two years and pushing total three year returns
to over thirty percent. And that's According to super Ratings,
growth funds typically hold sixty one to eighty percent inequities,
and with international and Australians shares up nearly fourteen percent,
it's no wonder superannuation funds have surged. Private equity delivered
around nine and a half, Infrastructure performs strongly and even
(11:50):
traditionally defensive assets like local bonds are up seven and
global bonds plus five point four percent. Now chant West
says over the long term, growth funds are returning seven
point two, high growth eight point four and conservative balanced
five point nine. So at a time when global markets
are sensitive, Australian superannuation funds are a local powerhouse, growing
(12:14):
in international scale, compounding gains year after year, and according
to Finder, there are about twenty five million superannuation accounts
currently held in Australia, covering approximately seventeen million Australians. These
super returns are a remarkable win for every Australian superannuation holder.
Speaker 1 (12:34):
Okay, I mean yet again a worthy story from Adam
over to you, Tim.
Speaker 3 (12:38):
Yeah, I so we'll start with start with Sean pretty interesting,
actually surprised. While you were talking rich lists, we obviously
had the AFI Rich Bosses list with Richard White sitting
at the top. So I'm surprised you didn't bring that
back in, but perhaps that would have been a little.
Speaker 1 (12:55):
Good blow misunderstood part of the omnibus.
Speaker 3 (12:58):
Issue, something something of a brand issue with that particular
with that particular chap. So we probably won't won't necessarily
go all the way there. Uh So, So, yeah, that
felt like maybe a missed opportunity for Sean for for Adam. Interesting, yes, Markable,
(13:19):
maybe a stratch. So I'm going to give that one
to Sean. I was building on that one.
Speaker 1 (13:26):
Oh, this is you know normally when Damski's judging is
he's such a nice person. He's saying, Michael, you know,
don't like this, but you're really good. Sewan, don't know this,
but you're really good. Tim Burrows comes in, whack Adam,
whack Sean off. We go move on with them.
Speaker 3 (13:39):
It's just tough.
Speaker 1 (13:40):
Yeah, definitely time for a break, cup of tea, perhaps
of becks and lie down and we'll be back in
a moment with the rest of the weekend edition. Okay,
we're back. We have Tim Burrows as our guest judge. Tim,
of course, is he and publisher of a Umbrella and Unmade,
(14:01):
as well as being the presenter of Media Land on
ABC Radio National even dooing that gig media I am.
Speaker 3 (14:07):
We're halfway and I'm sort of beginning to figure out
a little bit of you know, how to turn on
the microphone.
Speaker 2 (14:14):
If you can't listen on Friday nights, you can always
get the podcast straight away after.
Speaker 3 (14:17):
That's it, so it can be you can make it
part of your Saturday morning maybe after the weekend edition.
Speaker 1 (14:24):
That's right, not before, but after.
Speaker 2 (14:28):
It's a great show.
Speaker 1 (14:29):
It is a great show. We have a category each
week which is a mystery category. This week the mystery
category our favorite science story of the week. Now, when
I was at university and beyond, I used to read
(14:49):
the Economists, right because I used to think I'm pretty smart,
I need to read the Economy.
Speaker 3 (14:55):
Do you read the Economist?
Speaker 1 (14:57):
It preaches a bit to me, but part of the
story is good. I didn't relate the economics so much,
notwithstanding trying to become an economist. But their nature and
science stories were the best and they still remain up there.
So this is like favorite science story. So I'm not scientific,
but god, I love these science stories.
Speaker 2 (15:18):
Yeah, and they so related to business. Think about what
NASA did for technology. You know, we wouldn't have the mouth.
Speaker 3 (15:24):
That's about it.
Speaker 1 (15:24):
Mine's got nothing to do with business whatsoever. Today, tell
me your favorite science story of the week, Adam, all right,
it may sound like science fiction, but this story is
a medical breakthrough from the UK. Eight babies have been
backing up to the judge.
Speaker 3 (15:39):
Well, it was an accidental benefit.
Speaker 2 (15:43):
These eight babies have been born using DNA from three
people to prevent mitochondrial disease. The UK was the first
country to legalize the procedure and the end result, children
are born free of this often fatal condition, which affects
about one in five thousand babies, starves the body of energy.
As reported by the BBC this week, the pioneering technique,
(16:05):
developed at the UK's Newcastle University and delivered via their
national Health system, uses DNA from the biological parents, plus
a tiny amount that's just zero point one of a
percent from female from a female donor to replace defective mitochondria. So,
in great news, all eight children are healthy with another
pregnancy underway, and since mitochondria are passed from mother to child,
(16:29):
the genetic fix becomes permanent. It's an incredible step forward
in generational disease prevention, and my favorite science story of
the week, Sean, probably.
Speaker 1 (16:40):
That story at the end of the days. You can't
be critical of it whatsoever is Yeah?
Speaker 3 (16:45):
Have you noticed though, He's beginning to get a better
of a technique of choosing stories like that, the worthiness
the worthy.
Speaker 1 (16:51):
Story minds less worthy, less business, really, but entertaining. We
found out this week that animals react to sounds being
made by plants. This is the possibility that an invisible
ecosystem exists out there in the world that we humans
know nothing about. In the first ever such evidence, a
(17:12):
team at Tel Aviv University found that female moths avoided
laying eggs on tomato plants if those plants made noises
that they associated with distress, to the indication the tomato
plants saying, oh no, my healthy, don't lay your egg here,
and the moth doesn't. Isn't this phenomenal. The team was
also the first to show two years ago that plants
(17:34):
scream when they're distressed unhealthy, literally make a noise. The
sounds are outside the range of human hearing, can be
perceived by many insects, bats, and some mammals, the academics
concede it is speculation at this stage, but it's possible
that all sorts of animals make decisions based on the
sounds they hear from plants, such as whether pollinate, hide
(17:55):
inside them, eat the plant, that type of thing. Another
area of investigations the plants can pass information to each
other through sound or act in response, such as conserving
the water that type of thing. Can you imagine the
conversations like it'd be like, oh, Maggie, Maggie, the cavoodle's
on the way over.
Speaker 2 (18:14):
Distress.
Speaker 1 (18:17):
But dang, you think it's very cool that they could
be this little ecosystem of plants communicating to each other
and to others about there's a.
Speaker 3 (18:28):
Whole pixel movie in that life of bugs.
Speaker 1 (18:32):
Surely sure you know which is the one where the
humans are the idiots? I don't know, there's the plants
actually know what's going to answer one of those ones?
I think it was. Yeah, I just think that's phenomenal.
I mean, what that got to do with business lots
to the tomato growlers out there?
Speaker 3 (18:50):
Myself?
Speaker 1 (18:51):
That the tomato growers out there, who are you know,
worried about the moths pollinating?
Speaker 2 (18:56):
If only we could hear the distress, Maybe we can
get more productive crops.
Speaker 3 (19:01):
Yes, I hey, look, certainly an esoteric category, which resulted
in slightly lower scores for both of you. No, Sean
did have of life. Sean did have his nose just
to have. But I can't let the dessing of the
economists go past as my favorite magazine is your favorite,
(19:24):
it's my favorite magazine.
Speaker 1 (19:25):
So I have a great friend called Sean Turnell, and
Sean's quite famous because he was for five hundred days
held captive in Mienmar, and he was interviewed by the
economists only in the last couple of weeks on what's
going on in mem and he posted in the last
ten days absolutely blasting the economist saying, well, no, they
haven't represented me. And Sean is very pro me and MA.
(19:50):
But his comment was there a lot of the journalists
are highly intelligent graduates of I don't know his Oxford
are one of those something like that, trying to tell
us what they think of the world. And he absolutely
And the problem is I find the economist does lecture
(20:12):
to me a little bit, And then when I read
that from a friend, I'm like, oh, that's just reinforced
my view, So I'm.
Speaker 2 (20:18):
Just gonna be wrong going favorite magazine.
Speaker 3 (20:22):
I think the thing is maybe I like it because
you know, it just sort of feeds my inferiority complex.
So I figure, there is you know this, this, this,
this higher tier of Oxbridge graduates who.
Speaker 1 (20:32):
Know in the end, I get that, and they talk
about stuff that I just don't know anything about, and
so you really like and.
Speaker 3 (20:39):
Then you read it and then you can pretend that
you do.
Speaker 1 (20:42):
Yes, Oh okay, I like it. Right, he's come back.
Speaker 3 (20:46):
And for the record, it was that rand was a
d all gone.
Speaker 1 (20:51):
So we got we don't know the points and we
don't need we don't know the.
Speaker 3 (20:55):
Points, but it's one and a half rounds each.
Speaker 1 (20:58):
One and a half to one and a half. This
is scary. Starffback favorite story a dance ki matey, all right,
make it interesting because we've had three very worthy stories.
Speaker 2 (21:11):
Yeah, I was planning on being so much further ahead
at this point because I've taken a bit of an
indulgence on this one. My favorite story of the week
is that this week we found out that a fullsome
version of a Treasury briefing paper was accidentally released to
the ABC, revealing blunt advice for the Albanezy government. The
budget cannot be fixed without raising taxes and cutting spending,
(21:34):
and the flagship goal to build one point two million
homes in five years quote will not be met. The
Treasury report was provided after Labour's re election, and the
document suggests increasing indire indirect taxes like the GST, taxing superannuation,
while reducing personal and company taxes to boost participation and investment.
(21:55):
It also critiques the dysfunctional National Housing Infrastructure model and
raises concerns about delivery capability.
Speaker 1 (22:03):
If this is your favorite story, you bet carry on
is your favorite story.
Speaker 2 (22:06):
Yeah, I'm hoping I'll bring it all home.
Speaker 1 (22:09):
I'm looking at Tim and he's smiling way too much
for my comfort zone.
Speaker 3 (22:12):
Demandment journalist slight leaks.
Speaker 1 (22:16):
The Treasury paper is a rare It's not the leak
that Adam's excited about the productivity study it.
Speaker 2 (22:23):
So the Treasury paper is a rare insight into the
economic warnings facing Treasurer Jim Charmers, and a reminder that
budget repair and housing reform will not come easily. As
someone with a thinly disguised passion for reform the sky,
I hope I hope this sparks the urgency Australian needs,
turning our structural budget crisis into an opportunity. We must
(22:45):
lift productivity, think ahead of our short term hip pockets,
and stop handing the country to our children in worse
shape than we found it. The path the head may
be hard, but the steaks are generational. This week, the
ABC's Freedom of information quest has given us proof of
what the federal federal Treasury knows we need to do,
and that is why it's my favorite story of the week.
(23:08):
Fire Up Australia. Let's get productive on an international scale,
if not for ourselves, for the kids, for the kiddies.
Speaker 1 (23:15):
So what I would like to say Tim is that
he has no interest in the leak whatsoever, so that
cannot be part of the story.
Speaker 3 (23:22):
The data.
Speaker 1 (23:23):
It's just the self evident information that Treasury gave.
Speaker 2 (23:27):
Beautiful leak.
Speaker 3 (23:29):
But if it was, like Siri, please show me an
exact summary of the classic Adam answer, and I think
we've just heard founded.
Speaker 1 (23:38):
I like it very true, that's another work, but that no.
Speaker 3 (23:41):
That might be, that might might might even be a compliments.
Speaker 1 (23:46):
Better. That is why Tim's unnerving, because you're never sure
what he's thinking, and he goes that might even be
a compliment, so that it's not don't know what you
don't know, You've got no idea right back fifteen twenty
years ago and I sat next to him on the
panel and he started talking to me and no one
was listening because everyone's listening to him. That's unnerving.
Speaker 2 (24:03):
Not that you're holding onto it.
Speaker 1 (24:05):
No, no, I'll let it go. My favorite story. It
might be a little dry actually though it's all a
relative Adam, so I know you were talking productivity, so
it's not that bad. It's my favorite story because it
illustrates the enormous challenge Australia in the world has shifting
to a carbon neutral planet. Almost every large solar farmer
in australia Southeastern States will be forced to switch off
(24:27):
at least one third of the power they generate by
twenty twenty seven because we don't have the poles and
wires in place. This is according to the Australian Energy
Market Operator, the regulators. I think we can say it's
a fair Dinkham report. Major solo farms in Victoria and
South Australia are forecaster have shut off rates of more
than thirty five percent within the next couple of years.
Several major projects are likely to be forced to shed
(24:50):
more than sixty five percent of their power, the analysis shows.
Im said Victorian and South Australia shot off rates forecast
to be particularly high as the big growth of new
reas renewable energy projects hasn't been mentioned matched with the
equivalent growth in infrastructure poles and WISE. Point being this
isn't just about building wind and solar farms. We talk
(25:11):
about that all the time as important, maybe more important
really is actually getting that energy from the farm to
the business to the household.
Speaker 2 (25:23):
Somewhere we can use it.
Speaker 1 (25:25):
Yeah, it's probable that we will actually be generating enough
renewable power. We just won't be able to shift the
energy to where it's going to go. And this is
my favorite story because it's the first time this week
that I thought, wow, we thirty five percent of power.
We're just going to have to shaft because we can't
get it now. Hopefully the government with AEMO with private
(25:46):
sector get together work out poles and WISE and maybe
we can get some technical breakthroughs too to use existing
poles and WISE. Not there yet, but it's my favorite Strokes.
It just made me realize, Wow, we are so far
from getting to work. We need to go team well.
Speaker 3 (26:04):
Both Well argued, Actually, yeah, I I do. Yeah, as
I say, I do like government policy ending up in
the public domain when they didn't want it to. So
I am very I'm very into solar policy, though I
do find that fascinating. I've got my solar panels are
(26:25):
I've got my electric car, and I suffer I suffer
from range anxiety, just like just like every electric car.
So I've actually ended up that one actually ends up.
I've got both of you on twenty two points. So
what happened?
Speaker 1 (26:40):
Sean, the great Tim Burrows, the many people, that is,
the man who we criticized for being has come in
to Yeah true, has come in today and scored us
to one and a half one.
Speaker 3 (26:57):
Yes, when I scored the overall points though they is
a winner. Now, firstly, I think I ought to. I
did say I'll give somebody a point for sledge, So
I think I am going to give that to Sean
actually for the pointing out their happy snaps on the
on the Great Wall, which actually extends the margin of
Shawn's victory by eighty four points. To eighty two points. Congratulations, Adam,
(27:24):
take everything back.
Speaker 1 (27:29):
You no longer do you unnerve me. I have confidence
in you. I believe that you are the great.
Speaker 3 (27:35):
Judge until next time.
Speaker 1 (27:38):
Until next night, Tim, we will ask you back now.
It was very much. It was touching down until your
final comments. Thank you very much for being our guest judge,
and good luck with all your media outlets. Thank you
for the invitation, always a pleasure, never ature and thank you,
Thank you Sean, thank you, Tim, I guess judge and
of course Tim Burrow's founder and publisher of Umbrella and
(28:00):
made in the presenter of Media Land at ABC, at
ABC Radio National space it's on, but it's probably at
really just as well ABC Radio National DMFSKI. Of course
he'll be back next week judging. Michael Thompson will be
back next week. Make sure you're following the podcast. Join
us online on LinkedIn, Instagram, TikTok, Facebook and x I'm
sure Ailma. And that was the weekend edition by Fear
and Greed Business News. We hope we have a great weekend.
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