Full Show Podcast: 04 December 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities the big names talk to
like my Cosking Breakfast with Bailey's real Estate, your local
experts across residential, commercial and rural news talks.

Speaker 2 (00:12):
Heead Be William Welcome today. Health New Zealand finds hundreds
of millions of dollars in savings, butch Leicester leaves back
with us got some good numbers from tourism for you.
Singing in Brown and his power stripping act on Auckland
Transport Scrutiny Week comes to politics Wednesday and I'm the
chief Scrutinier Richard Arnld, Steve Price, they lobby and from
offshore as well. Past gig Welcome to the day, seven

(00:33):
past six, with apologies to the rest of the country.
A quick word, if I might, on the announcement yesterday
from the Transport Minister and the Auckland Mayor on the
future of Auckland Transport and the desire by the government
to strip them of a large chunk of what they do. Firstly,
it was close to another announcement of an announcement. First
they got to write the legislation, then introduce the legislation,
then send it off to a select committee. It is
only at that point the next stage of the process starts,

(00:56):
and that will take months. The Minister wanted it all
up and running and sorted. I think by about two
twenty seven. I mean we've got an election before then,
for goodness sake. The upside is Auckland Transport gets what
was coming to them. Basically, at are arrogant, incompetent, belligerent
and of little practical use to wider Auckland. They are
a fifdom of the worst sort and have got their comeuppance.
They have buggered Auckland Transport Wise downside, the power taken

(01:19):
from them ends up with the council. The theory is
the councilor accountable to the people, which on paper is true.
In reality, not a lot of people actually vote, and
the people they vote for not all but a lot,
and not the sort of people you would want to
be running a lot of important stuff. The proof of
that is Auckland and the state of it. It is
not a great council, It is not frequented by great people.
Hence the idea of an at type operation staff by

(01:42):
high performing people who actually bring expertise to a high
wire job like transport in the nation's largest city and
biggest economy. So neither options really fill you with confidence.
Forced were a gun to my head to make a choice,
I would go with what the government has decided, but
only because at is such an object and obvious failure.
Of course, it would be nice to think we all

(02:03):
decide that participating in local democracy is a good thing,
and maybe, just maybe, if we see a council making
bigger and better and bolder decisions, we might like to
back that with an increased turnout once every three years.
But the overarching listen, and I hope this sinson well
beyond Auckland transport to the many other victims of this
country who think they know best. If you aren't accountable

(02:23):
and you run away with yourself, it might just be
they pull a rug out from under you.

Speaker 1 (02:28):
Who news of the world in ninety seconds.

Speaker 2 (02:31):
Right hihdrama and Korea. As the President gives Marshal Law
a crack.

Speaker 3 (02:35):
I hereby declare an emergency martial law in order to
defend the Free Republic of Korea from the threat of
North Korean communist forces and to eradicate the shameless pro
North anti state forces that are depriving our people of
their freedom and happiness.

Speaker 2 (02:50):
Didn't last long. The parliamentarians all turned up and voted
to lift it. The end of the war. This is Ukraine,
where once again the NATO boss is what NATO bosses
say a lot these days, is not interested in peace.

Speaker 4 (03:02):
He's pressing on trying to take more territory because he
thinks he can break Ukraine's.

Speaker 2 (03:08):
He's off and ours, but he's wrong. In Trumpville, he
had justin from Canada over for dinner and he came
up with a genius idea true.

Speaker 5 (03:17):
Deell laughed nervously, but Trump then said, look, if Canada
becomes a state, you could be the Governor of Canada,
but admitted that Prime Minister of Canada is probably a
better title title then a.

Speaker 2 (03:30):
Bunch of stuff. In Britain, firstly, the Queen's canceled yet
more engagements, indicating the original illness was not as uneventful
as perhaps portrayed.

Speaker 6 (03:37):
It obviously become clear that doctors, because she was suffering
from this form of pneumonia, have said, look, it is
probably best that you are not standing around in the cold,
which is why we didn't see her at horse Guards
parade with the King earlier.

Speaker 2 (03:49):
On the Greg Wallace messes up into the face of schedule.

Speaker 7 (03:52):
At the BBC, the current series of Master Chef the
Professionals is continuing as planned. The Celebrity Christmas Specials visually
a different type of show, and in the current circumstances
we've decided not to broadcast them.

Speaker 2 (04:06):
And Jaguar might have pulled off a master stroke wild
ad campaign, but then the concept.

Speaker 8 (04:13):
Jerre mcgovernor and his team at Jaguar have made something
that I think it looks great and above all else,
I congratulate Jaguar on making a noise.

Speaker 2 (04:22):
It's worked.

Speaker 1 (04:23):
We're talking about it, aren't we.

Speaker 2 (04:24):
Richard Hammond. Finally Wikipedia's most search for searches this year
overall seventy six billion views. Number ten the twenty twenty
four India general election number nine, Project twenty twenty five
number eight, did Pull and Wolverine number seven, jd Vance
number six, the Indian Premier League number five, Donald Trump
number four, Isle and Eric Menindez number three, twenty twenty

(04:45):
four United States Presidential election in number two, come on,
and number one A list of deaths in twenty twenty four.
And before you go, what that's actually the fifth year
it's been at numb one. People are fascinated with the
guest with He's used the world in ninety seconds. By
the way, that hospitality group, the Australian Venue Company, the

(05:07):
ABC that Steve told us about earlier on how they
said you can't celebrate Australia Day. Will they back down
on that? So we'll talk more about that later. On
twelve past six.

Speaker 1 (05:17):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
powered by News talks Evy.

Speaker 2 (05:24):
Not just Korea. Andrew Davies. Who's he Well, he won
a confidence vote, but then he quit. This is the
Conservative leader in the Welsh Parliament, so that it was
split too close for him nine to seven. One of
the nine was his vote, so there's only sixteen in
the Tories in the Welsh Parliament and he's quit. Before
he quit back in twenty eighteen, he's been the leader
for most of the last thirteen years. But he's had enough,
so he's gone. So Korea is a mess, Wales is

(05:45):
a mess. Fifteen past six now dealing funds management. Greg Smith,
morning to you more. If you we'll get into this,
deary in the moment, because that's good news and we're
all about that meantime, US job openings. What's the seven
point seven million good or bad in terms of demand?

Speaker 9 (05:59):
Very good?

Speaker 10 (06:00):
So yeah, the self economic landing looks on I think.
So this is the so called Jolts survey. So seven
point seven four million job openings in October. That was
up from a revised seven point three seven in September,
and yeah, well above estimates of seven and a half million,
So that was pretty good. So look the overall up
to it's pretty good news because we're seeing a few
months of steep declines and there was a big drop

(06:20):
in September. There's plenty of companies cost cutting, but yeah,
we yet to see material signs of big pickup and
job losses laught. So actually the lowest since June quits
you remember the great resignation. Not quite that, but they
are actually at the highest since May. So workers are
more confidently they are believed to find a new job
if they quit their current one. So some power game

(06:41):
back to the employees by looks of things might and
you look at the vacancies per unemployed work and this
is the ratio the FED looks at. That's at one
point one and that actually got to two to one
you know, during the height of the pandemic. But yeah,
it's actually sort of around about pre COVID levels. That's
pretty good. The hiring rate did drop to lowes since June,
but that's consistent with what we saw in the October
payrolls numbers. So we had a couple of severe hurricanes

(07:03):
and we had to strike at Boning, so that should improve.
We've actually got the non fun payrolls numbers due this Friday,
and employment rate that's expected to hold at four point.

Speaker 9 (07:11):
One per cent.

Speaker 10 (07:11):
It's all pretty relevant to the FED. A couple of
the officials have been speaking in recent days and got
powered due to speak, and it looks like we've got
a pretty good chance of another rate reduction in a
couple of weeks time.

Speaker 2 (07:20):
Okay, mask, where's he it with his paper? He's battling.
This isn't he he's battling.

Speaker 10 (07:24):
So this The latest saga is that a Delaware judge
has denied the reinstatement of his fifty six billion dollar
pay package. Recall, this relates to his remuneration in twenty eighteen.
It was the largest still his largest compensation planned in
the US history for public company executives. So yeah, the
judges has avoided the plan and backed up a previous decision,

(07:44):
and they've also actually awarded three undred and forty five
million legal fees to the other side bringing the suits.
So Maskie said the decisions corrupt. Shareholders should control company votes,
not judges. And he's gone on again about regretting incorporating
in Delaware, and he since moves Tesla's in corporation to Texas,
as he has for SpaceX. So at current prices, the

(08:05):
package that has been denied would be worth over one
hundred billion dollars. But I suppose he's not too unhappy.
We've gone up forty billions since the election victory testsas years,
up forty percent over the past month, just quickly another decision.
Another company in the courts was Microsoft, So in the
UK they're facing a lawsuit of a billion sterling actually

(08:25):
so accusing that they're favoring their own a Zoo system
in terms of rival cloud company, so forcing him to
go on that So interesting to see where that goes.
But you know, anti competitive practices are in the in focus,
and yeah, better news for eighty and t these she
has jumped four percent up over thirty five year to date,
they anticipate more than eighteen billion dollars in free cash

(08:47):
flow in twenty twenty seven, going to double their five
internet capability and return. We're in about forty billion to
shareholders over the next three years. That's pretty good news there.

Speaker 2 (08:56):
Nice dairy boom four point one percent for whole.

Speaker 10 (09:00):
Milk, that's right, So yeah, we've got that said. The
latest JDT in the exit was up one point two percent.
The latest auction that follows gains in the previous who
thought not of the auctions, it was actually a bit of
a mixed bag individual if you look at it battered
down five percent cheader three percent lower. But milkpowder that's
pretty important at four percent, three nine and eighty four
and demand has been really strong out of China, which

(09:21):
has been good. So yeah, dairy continues to be a
bright spot and obviously follows what Fonterra has been saying
about raising its forecast. Payer and farmers can potentially look
forward to milk prices of touching ten dollars for the
first time ever, so that's great news. Also helping the
trade situations, the steps news On reported you to the
total week sports of goods and services for the September

(09:43):
quarter twenty two point two billion, as it was up
from twenty one and a half billion a year ago.
Prices for dairy have been on the rise, but also
other stuff that we export. Meanwhile, prices for imports have
been going down, so that's actually a pretty good equation.
So terms of trade up two point four percent, caught
on order better than expected.

Speaker 2 (10:01):
Okay, give me the number.

Speaker 10 (10:03):
Yes, Now the minute split softer down point four percent
forty four five nine two is a P five hundred
down zero point two percent. NAIs dec though, head heading
for another record close point one percent nineteen four to
two three at the minute for one hundred ue point
six percent. Nick had a great day up one point
nine percent, A six two hundred hit a new record
high up point six percent eight four nine five. NZ

(10:26):
fifty was still above thirteen thousand, but we're down point
one six percent thirteen zero nine three. Gold up ten
bucks two thousand six and sixty eight and ounce oil
up a dollar ninety six seventy dollars even for WTI,
and the currencies were touched softer against the US as
a key fifty eight point eight against the Estraan dollar
ninety point seven slightly softer as well, and against pounds

(10:47):
sterling also softer. We are forty six point four.

Speaker 2 (10:51):
Good moment, so you know my I appreciate it very much.
Greg Smith, Devon Funds Management. For a Christmas present for
a person who's got everything. They found some old notes
from the Beatles about their breakup and three hundred pages
of type documents dealing with various advisors and legal representatives
found in a cupboard. They've been untouched since the seventies.

(11:13):
Dawson's the auctioneers in Britain have got them used by
lawyers during the High Court legal battle which resulted in
the band's official split in nineteen seventy four. It's Dawson's
twelfth of December, so you've still got time. They reckon
somewhere between ten and sixteen thousand dollars for some Beatles memorabilia.
Chief had on a Ferrari six twenty one. Get News Talks.

Speaker 1 (11:33):
EDB Good The Vike Asking Breakfast Full Show podcast on
iHeartRadio powered by The News Talks EDB.

Speaker 2 (11:45):
Mike Wayne Brown did what he promised as a voter.
This is all you can ask for. It's a massive
win for him. Yes, it has been Auckland Council. Mike
appointed a director of at have two councilors on the board. Yeah,
but they couldn't control them, could They made no difference
at the end of the day. We'll talk to Simmy
and Brown later on the program. Mike, you mentioned the
article by Peter Dunn in the New Zealand Herald on
the coalition performance. I've searched Tyan Low can't find it.
It wasn't in the New Zealand.

Speaker 9 (12:06):
Harold.

Speaker 2 (12:06):
I never said that Peter Dunn's articles are in newsroom.
Well worth looking up. He's a good sensible man, Mike.
I went to the Boris Johnson Show, yes dam but
they've got some feedback on this. I was interested to
see how it went. Went to the Boris Johnson Show yesterday.
It really was the best event I can recall attending
in my seventy plus years. All the speakers were great,
including Kerry, who was the best. MC Well, I'm very

(12:27):
pleased to hear that he was here yesterday with Kerry
and moseying around the newsroom and they were falling over themselves,
because that's in general what journalists do when well known
people come into the newsroom. Even though half of them
would never have voted for them in their lives six
twenty five.

Speaker 9 (12:44):
I'd be very I'd be.

Speaker 11 (12:45):
Very trending now with chemist ware House, great savings every day.

Speaker 2 (12:52):
Greg Wallace is getting talked about a little bit at
the moment, not all of it nice. This is Kay Burley,
she's on sky TV.

Speaker 6 (13:00):
I'd be very happy for him to come and talk
to me on the program if you would like.

Speaker 7 (13:03):
To at any stage over the next few days, whether
he wants to talk about his sex life, and I
can't imagine that would take very long.

Speaker 2 (13:12):
Then we have comedian Jack Whitehall. He was on the
BBC's One Show to promote his holiday special, which is
called Jack. In time for Christmas, We've.

Speaker 4 (13:20):
Got Michael Bubley, of course, which is fantastic.

Speaker 1 (13:23):
I have Christmas without booblet no, which.

Speaker 4 (13:25):
Means also that finally I'm going to do something that
is going to appeal to a slightly different audience for me.
And it's a demographic that I think is much maligned
at the moment, but a demographic that I love, and
that is middle class women of a certain age. I
absolutely love them. They love a bit of Boublay. He
is an absolute Granny Magnet and I just love that
I've made something, Granny, I just love that we're giving

(13:48):
this lovely gift to.

Speaker 12 (13:52):
We move past that.

Speaker 2 (13:54):
And of course we were announced. BBC announced a couple
of the Fist of specials that they had pre record
that they're gone. So they're out. So what happens? I
think Greg Wallace is done for as far as television
is concerned. Why let me ask you this question. We
found gas. It was announced in this country yesterday. We
found gas. Do we need gas? Yes, we do need gas,

(14:14):
quite a lot of it. More gas has been found
at the Tariqi field in Taranaki, New Zealand Energy Corps
significant volumes, enough in fact, to add about two to
three percent to New Zealand's annual output. That's a lot
of gas. Why isn't that the lead story everywhere? In
a country that doesn't produce at a time when solar

(14:36):
has gone bust, we find gas. Why isn't that the
lead story everywhere? For goodness sake? Why are you probably
hearing this for the first time from me? Weird business? Anyway,
wool carpets come back to that. In just a couple
of moments after the news which is next to news
Talks Envy.

Speaker 1 (14:53):
The Breakfast Show You Can Trust, The Mic Hosking Breakfast
with al Vida, Retirement Communities, Life Your Way news togs
had been.

Speaker 2 (15:01):
Excess is on Capitol Hill this morning. There are new
allegations coming as one of the Trump's picks. Of course,
if you're not following this closely, he's Gates two point
oh as far as I can work out, Richard Arnold
shortly meantime back home at twenty three minutes away from seven.
The old wool debates is back, this time Kanga Aura,
who would be one of your larger carpet customers. I
but the thought has gone nylon over wall. That is
despite a government directive urging agencies to use wool where

(15:24):
practical and appropriate. Another brim with Chief Executive Greg Smith
is with us. Greg. Morning to you. Yeah, Monie, Mike,
price is the problem. It's thirty four percent cheaper to
go nylon. If you're building a lot of houses with
a lot of carpets, why wouldn't you.

Speaker 13 (15:37):
Oh, they never checked that was a thing. I mean
we would have gone to extraordinary lenks to try and
get a contract, which is about six hundred thousand meters
over the last six years, and we weren't asked to participate,
So you know, those tenants and those homes missed out
on the chance to have you know, New Zealand ground
wall in.

Speaker 2 (15:56):
The in the one we do about that because it's
one thing to be out price, but it's another thing
never to have been able to participate when the government
tells them to, you know, at least have a look
at it.

Speaker 13 (16:07):
Well, it's it's a bloody good question and there's no
point us crying in our milk over it. We're trying
to get on with it. But you know, we're doing
a lot of work with the Minister Mark Petterson, who's
been very supportive. But you know, in this case there's
been a directive. It feels to me like it's just
a rollover of the existing contracts. We've previously been asked

(16:28):
to participate in these and so this time we weren't.
Next time we'll have to.

Speaker 2 (16:33):
We'll have to try harder with the lobby, hand on heart.
If they came to you, could you match nylon or
would you have to sell them on it's a bit
more expensive, but.

Speaker 13 (16:43):
Well solution died. Nylon and woll are often very comparable
in price. We would go after that, no problem, or
I don't know where they got their numbers from.

Speaker 2 (16:51):
Okay, so you wool is competitive with nylon. If you're
dealing in large meterridge, absolutely what would that be worth
your company? Without giving away much, I mean, if someone
comes to you for six hundred thousand meters of carpet,
that's quite a bit of carpet. It's more than a
hall runner, isn't it.

Speaker 13 (17:08):
Yeah, it's millions of dollars. It would be great for
Obviously the will buy the will farms that we deal with,
it's millions of dollars to them, it's millions of dollars
to us. And let's say I say there's no compromise
on the product. There's no compromise and will when you
put it down in your home. It's a beautiful product
that it performs extraordinarily well and naturally without all the

(17:31):
chemical additives that Sinceta cares exactly.

Speaker 2 (17:33):
Next time I get a minister and I'll ask them
about this, because it doesn't seem right to me. Having
said all that, how are things generally the market, the
vibe the industry.

Speaker 13 (17:40):
Oh, it's getting better. I'm happy to say we're growing good.

Speaker 2 (17:45):
We can't argue with that. You have a very merry Christmas.
Greeg appreciate it very much. Greg Smith Bream with chief Executive. Yeah,
not even participating. By the way, it's nineteen twenty one
minutes away from seven. By the way, as part of
Scrutiny Week financi elect Committee yesterday, there is no Rais
this now is kayeing at Aura. They were sort of
defending themselves, but Willis was there saying that kaying Or
cost twelve percent more to build a house, and Simon Muter,

(18:08):
who's their chairperson, he goes, well, there's a few things
around that, and you know, we've got to build them
properly because some of the tenants tend to smack holes
in the wall and stuff like that. So you want
to put some good fittings in place, and we need
to maintain them, perhaps more than an average house might
need to be maintained. However, once he busied himself defending
all of that, they did say they'd brought in a
target this year to reduce their unit cost by ten percent.

(18:30):
But you think about it, even if you reduce it
by ten percent, ten percent of what hundreds of millions
of dollars, so they need to sharpen their pencil. And
they might have been able to do that with a
little bit of wall. But next time I get somebody
who might know something about this, do you reckon se
me and with the transportman doesn't know anything about this.
He did star jups for us last week. Why wouldn't
you know about carpet? For goodness sake? Anyway, next time

(18:50):
I get someone important on the program, I'll ask them.

Speaker 1 (18:52):
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Speaker 2 (19:00):
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(19:44):
well task eggccruning myke wallcarpet great, it has poor stone resistance,
not ideal for KO homes. That's simply not true. It's
absolute crap. I've had wallcarpet my entire life. I'm a
big advocate for wallcarpet, and I've spilled stuff all the time,
lots of red wine, lots of red wine. And no
one can talk more knowledgeably about red wine on carpet

(20:06):
than me. Mike. Just the fire safety side of wool
carpet competes to Nylon's far bit a groame very good
point sixteen.

Speaker 1 (20:12):
To two International correspondence with Ends and Eye Insurance Peace
of mind for New Zealand business.

Speaker 2 (20:18):
Richen, how are you?

Speaker 9 (20:19):
I'm well.

Speaker 2 (20:20):
I was pondering a moment to go higg Seth. Is
he a gags two point zero?

Speaker 1 (20:24):
I don't know.

Speaker 2 (20:25):
He's got a few issues.

Speaker 8 (20:26):
Though, as the madness continues from the Capitol here as
trump choices for defense and security posts are raising, well
a few more questions. Aren't they doing the rounds right now?
Is Hecseth the Trump pick for Defense secretary? The biggest
military enterprise and existence? Of course, the New Yorker magazine
has come out with the disclosure that Pete Higseth was

(20:46):
forced out of a couple of leadership roles in two
military veterans associations this well, as they say he used
money from the organizations to party, including one where he
took his staff as to a strip club and had
to be restrained apparently from jumping on stage with the
dancing strippers. While at another veterans event he got quote
totally slashed and had to be literally carried back to

(21:07):
his room. Now this in addition to the twenty seventeen
sexual assault allegation against him. Then there's the New York
Times publication of an email that Hegsy's mother sent to
him during this fellow's apparently difficult divorce in twenty sixteen.
His mum wrote, in part quote, I have no respect
for any man that belittles lies, sheets, sleeps around and

(21:27):
uses women for his own parent ego. You are that man.
End quote. She continued, quote. We are on the side
of good and that is not you. We still love you,
but we are broken by your behavior and lack of
character on behalf of all the women. And I know
it's many you have abused in some way. I say,
get some help. In quote his mum now is backing

(21:48):
away from this. Now has become public and says she
retracted her remarks. A day later, she insists, so the
senators looking into his confirmation can assessful of that. Meantime,
Cash Betel, whom Trump has chosen to head the ear BI,
with its enormous police powers, has been calling for top
FBI officials to be fired unless they are loyal to
the incoming president. In his twenty twenty three book entitled

(22:09):
Government Gangsters, he also includes an enemy's list. There are
sixty names of folks whom he calls members of the
deep state. So he has this list, including the names
of the outgoing president Joe Biden, Vpcumway Harrison. On the
Battel enemies list is Bill Barr, transformer Attorney General now
a Trump critic. John Bolton, a former National security advisor
under Trump now also a critic many lower level national

(22:32):
security figures and Chris Ray, the current FBI director, So
it seems his confirmation hearings ahead going to be pretty interesting.

Speaker 13 (22:40):
Right.

Speaker 2 (22:40):
So now one of your high drama stories, Richard woman, Yep,
no breaks lake. Yeah, take at what to do?

Speaker 9 (22:47):
Right?

Speaker 8 (22:48):
This is all pretty amazing. This woman in Illinois was
driving in the early morning hours in his small town
as the south of Chicago breaks faiut she found herself
in a runaway car heading for a freezing lake. She
had the wherewithal who would be able to do this.
She was able to call police emergency and.

Speaker 13 (23:03):
Need my brakes won't stop, my car won't stop, my
brakes aren't working.

Speaker 8 (23:07):
Yeah. If she went into the fridgid like her chances
of getting out would be slim. So it is something
that with all this going on, she was sounding at
times relatively come.

Speaker 14 (23:17):
I'm twenty weeks perty.

Speaker 8 (23:18):
I cannot die today, Yeah, twenty weeks pregnant. The police
operator also remained relatively cool for it all.

Speaker 12 (23:24):
You need to turn now, I'm scared.

Speaker 15 (23:29):
Turn right at the next road.

Speaker 16 (23:30):
Okay.

Speaker 12 (23:33):
If you don't turn, you're gonna go into a lake.

Speaker 17 (23:35):
We need you to turn okay.

Speaker 9 (23:37):
Uh.

Speaker 8 (23:37):
That's when highway police arrived and there was only one
thing to do. One of the police guys moved in
front of this woman's vehicle, so they backed.

Speaker 2 (23:44):
Into the thing.

Speaker 16 (23:47):
I'm gonna hit him.

Speaker 13 (23:48):
Boom.

Speaker 2 (23:50):
Yeah, I didn't mean to.

Speaker 8 (23:52):
This was the plan, of course, the only way to
save her life, police said, spray out to make sure
she was fine.

Speaker 5 (23:57):
Ran up to that vehicle to make sure that it
was in park and that the driver was okay.

Speaker 8 (24:02):
Yeah, she's good. The two cars a bit deaded, but
right place, right time for this police intervenure.

Speaker 2 (24:07):
Fantastic see I Friday mate Richard Arnold state. So she
wasn't quite as calm by the individual, was she really
when you think about it. By the way, Gavin Newsom,
he's called a special legislative session. This is in californiaa
to safeguard California from potential federal overreach. So what they're
doing is creating a new litigation fund of up to
twenty five million to support California's legal resources in anticipation

(24:29):
of policy proposals that would harm the state. And you
know what he's talking about. Of course. Meantime, Ontario while
Justin's been down at marri Lago having dinner with Donald Ontario,
which is the biggest trading part of Canada. With the
United States worried about these twenty five percent tariffs led
by Doug Ford. It's like a family member stabbing you
right in the heart, he said. Anyway, they they've got

(24:52):
about half a billion dollars worth of trade. Anyway, They've
launched an ad campaign, which is there's going to be
signs at Washington, the airports, They're going to be on billboards,
going to feature on Fox Sport apps in key states,
Run America advertised during the Football League games and on
Fox News advertising the fact that you don't want to
put tariff's on Canadian goods. I'm just not sure. I Mean,

(25:14):
I love advertising and all that sort of stuff, but
I'm not sure you're going to change Trump's mind with
an ad campaign. Turn Away from seven on.

Speaker 1 (25:21):
My cost Gel Breakfast with Alveda, Retirement, Communities News togs
dead Be.

Speaker 2 (25:25):
Remind me to talk to Rod about this tomorrow. This
fury in Britain overnight, they've counted that, I reckon, there
must be when labor governments like Australia, New Zealand and
Britain get to power. They've obviously got a singular book
they look too to how to run the country because
they've set up sixty seven this is Starma, sixty seven
taxpayer funded reviews in one hundred and fifty days, basically
a review every second day. Now where does that remind you? Hey?

(25:48):
What does that remind you of? By the way, Scrutiny
Week has been under way, I hope you've been following it.
Fascinating week. Nichola Willis was in front of the Finance
Committee yesterday. She came out with the information that come
the next budget in May, and I'm very pleas to
hear us we might be getting a new approach to charities.
Because there's nothing wrong with charities of the real charities
in terms of tax treatment. But there are a few

(26:08):
people that and no names, but there's a few people
in this country that you think, are you really a charity? Honestly,
you're honestly a charity. There we come to Air New
Zealand just in time for the Christmas season to piss
you off. So what they're doing is they're cutting back
on their domestic services yet again. Now under normal circumstances.

(26:28):
What happens is they go, well, we've got no engines
and we've got no planes, and so you go, well,
that's not very good. But nevertheless, this has got nothing
to do with that this time. It's got to do
with lack of demand. So under normal circumstances you go,
fair enough, if no one wants to fly, then you know,
why put a plane in the air. But of course
we've got this unfortunate set of circumstances in this country

(26:49):
where we don't have quite enough airlines to bring in
real competition. So there is that ongoing belief, rightly or wrongly,
that Air New Zealand might be just dominating that domestic
mark a wee bit much and a little bit too
much control. Therefore they can jurymander the prices to suit
their circumstances and therefore by pulling back in certain markets

(27:10):
and certain services. They say two percent of the schedule.
This is between February and June. So it depends on
where you are and where you're flying and what you're paying.
But it's it's the old you know, there's a certain
angst anyway about it in New Zealand at the best
of times and those sort of announcements come to Christmas season,
don't really go down that well do they five minutes
away from seven.

Speaker 9 (27:30):
Well, the ins and the ouse.

Speaker 1 (27:32):
It's the biz. With business fiber, take your business productivity
to the next level.

Speaker 2 (27:37):
I am in the business of good news though, because
we've had the good news this morning from the dairy sector.
That auction result was a nice one this morning. Got
good news later from the tourism sector. That's very good
news actually, so I'm looking forward to that. But we've
also got some optimism. According to the prosper Sme Insight report,
it's found this morning fifty one percent of smeth say
that this season's very important for their business for the year. Well,
that's hardly a surprised. With forty three percent they expect

(28:00):
the season to be better than last year. There you
go needs to be. Half of all SMEs only have
a quarter's worth of expenses covered by cash reserves before
they're dipping into more debt seventeen percent, so they only
got a month's worth of cash reserves. Some concerns, what
have we got holiday period? Biggest issue is staff Thirty
six percent worried they won't have enough staff to reach demand.

(28:21):
Seventeen percent are worried about generating the customer demand to
justify the staff. So that's your egging, your checking and
your checking in your egg, isn't it. I'm going to
I'm going to employ O'Brian over there, but I need
the customers once I'm paying Brian. But then the customers
come in. But you didn't employ Brian. So what do
you do? Ay trials and tribulations of being a smeeth
So fifty two percent feel pressured. Now this is interesting. Inside.
Fifty two percent feel pressure to offer sales or discount

(28:44):
pricing to remain competitive. But we have optimism. Sixty two
percent feel positive about their business and the current health
sixty two percent.

Speaker 17 (28:52):
That's good.

Speaker 2 (28:53):
Fifty six percent are feeling good about their business over
the next twelve months. Very good done. I can't remember
the name of the company. I think RP Hell does
that name? Ring A Bell ape L does that name?
They do? Fragrance local fragrance company. They close down on
Good Friday. And this goes back to my six hundred
dollars bottle of wine that I got so much grief
of over the other day. What I was trying to

(29:14):
say and what they did brilliantly. They closed their website
down on Friday, on Black Friday, and they said, what
we want you to do is spend with intent. In
other words, work out what you really want and spend
with intent. Don't just buy crap for the sake of
buying craps sake. And so they closed down their website.
So next Black Friday, I'm closing down the show because

(29:34):
I'm thinking to myself, listen with intent. Don't just listen
to the bits you want, Listen with intent. So anyway,
they came to my rescue sort off. Couldn't stop everybody,
given their grief about it, they I can only try
Lester Levy. Now there's a man with a job. We'll
talk to him after the news, which is.

Speaker 1 (29:50):
Next big news Bold opinions the MYC Hosking breakfast with
the range Rover villa designed to intrigue.

Speaker 2 (30:00):
You can use togs bring Seven past seven, So good
news from Health New Zealand. Still ugly, but it ain't
as ugly as it was. The one point seven six
billion dollar deficit has been revised down to one point one.
The target, though, of returning to budget, has been pushed
back a year to mid twenty seven, Health New Zealan
Commissioner Lester Levy back with us. Morning to you, morning, MIKEE.
Is the six hundred ish million so far proof it

(30:20):
can be done and this is progress?

Speaker 9 (30:23):
Yeah?

Speaker 17 (30:23):
I think it is progress definitely. The issue, really, Mike,
is that the time that it actually takes to arrange
the cost out and that's the main reason for the
rephasing over three years. In the first year a lot
of the work gets done, the majority of the work actually,
but do you find the savings really mainly fall into

(30:45):
the following year, the twenty five twenty six year, so
it's still the same amount. The aim is still to
get to zero deficit, but this will take three years rather.

Speaker 2 (30:56):
Than two two. Are you present this morning with more clarity?
In other words, you can say with confidence it will
be done or not.

Speaker 17 (31:06):
Yeah, well, you know it's always difficult to say with
absolute confidence. But right at the moment, you know, it
depending if nothing else happens. That's significant, you know, that's unexpected. Yeah,
I think that's very confident that we will get the
deficit down to zero. Yeah, very confident about that. I

(31:28):
guess the main issue for us is that's a temporary
and fixable problem. What we're really putting our attention to
is the real problem, and that is the long waiting
times for patients. Yeah, that's really what we have to fix, of.

Speaker 2 (31:45):
Course, and so the big question is can you do
that with the money that you are allocated once you
get back to budget.

Speaker 17 (31:52):
Yes, we believe we can. You know, we've got a
six point four percent uplift. Unlike most other public organized sessions,
we have that in place for the next two years,
so we've got a three year track. Yeah, it's quite
difficult because there's a lot of change in the organization.
There's a lot of change about the organization's culture and

(32:13):
the way in which it works, which we're working on.
But yeah, within our current resources, there is very significant
opportunity and potential to do a lot more.

Speaker 2 (32:25):
How much difficulty are you facing with the public messaging
given there are so many stories out there. You're underfunded,
nurses can't get jobs, the waiting lines are a disaster.
Hospitals or a shambles, nurses are on strike. It just
paints an overall picture of chaos, whether the result not.

Speaker 17 (32:45):
I don't think it is chaos, but I think there
is a lot happening, and of course in healthcare there
are and always have been, different vested interests and different messages.
I think that the key important messages funding hasas and
continues to increase, and on an international comparative basis, we're

(33:05):
in a very good position. There's been a recent article
in the New England General Medicine that actually clearly shows.

Speaker 2 (33:11):
That we're above a number of other countries that we
might be surprised about.

Speaker 17 (33:16):
Indeed countries that are wealthier than ours. So I think
the issue for us, and it's not often thought about,
is it's not the funding we get, but it's also
the efficiency and effectiveness with which we allocate that funding
within our organization. And we're doing a lot to change that.
We want to bring more of our resources to be

(33:37):
more proximal to the outcomes that we're actually looking for,
primarily waiting time reduction. This will require productivity, which hasn't
been a focus for the organization. There is more we
can do with the resources we have, so one can do.

Speaker 2 (33:52):
That as you well for the Christmas season. Lester Lester Levy,
the Health New Zealand Commissioner with us this morning. I
tend to agree. I was going to put it to them,
but I'm I'm not going to ask Lester why they
continue to underfund health. There is no deficit, just chronic underfunding.
It's simply not true. The Prime Minister's right when he
says thirty billion dollars for a country of five million
people is more than enough. The key, as he said,

(34:13):
is not the amount of money, it's how you spend it.
Eleven past seven TH's some good news from the tourism sector.
Boy do we need that. In the year to September,
visitor numbers up seventeen percent. The key here though, is
the spend spend is up thirty percent, So we brought
in eleven point seven billion, So that's good. Surely Tourism
holding Stuke executive Grant Websters back whether it's Grant very,
good morning to you.

Speaker 18 (34:33):
And good morning to you.

Speaker 2 (34:34):
Are you seeing it hi?

Speaker 9 (34:36):
Yeah?

Speaker 18 (34:36):
Absolutely, In New Zellan you are seeing both those stats
come through really strongly. I think of note that visitor
spend when you adjusted for inflation, clearly it's around the
same as as psited numbers, so around that's sort of
eighty five percent to pre COVID levels.

Speaker 2 (34:50):
So we're still not cracking one hundred do you see
us getting back to do we need to get back
to because every time I talk to a minute that
they go, oh, don't worry about that, and talk about
the quality. It's all about the quality.

Speaker 18 (35:01):
Look, we have the ability of the infrastructure, and clearly
when you see that growth in total GDP and that
export earnings to New Zealand, it makes sense for us
to continue to focus on getting back to one hundred
percent and beyond. I mean we can manage it. We
can manage it more effectively than we did pre COVID
as well, so we've got more digital capability, we've got

(35:22):
better companies doing more things.

Speaker 2 (35:24):
What do you see as a handbreak? I mean some
would argue capacity, the number of airlines and seats isn't
quite back. Is that it is an image problem?

Speaker 13 (35:31):
What is.

Speaker 18 (35:33):
I think we're actually still suffering from opening late. I
think that's part of it. Then on top of that, yes,
when you look at that growth rate calendar twenty five,
I think is going to be a bit of a
struggle because we've got that airline capacity issue. We've obviously
got the barriers put up by the government this year
with increasing the OVL and visa costs and so forth.
So we've actually now got to get back up and

(35:56):
say twenty twenty sticks is where we're really going to
get our marke shareback on class.

Speaker 2 (36:01):
Actually you're talking about general economy in that sense, because
the banks are saying exactly the same thing. Next year
is a grind. Twenty six is where the growth comes.
So tourism aligns with the economy if you like.

Speaker 18 (36:10):
Oh look, I think yes, But for those different reasons,
we haven't got that their capacity. We've put up these barriers.
So we've got to get back on the world stage.
And you know, there's still some talk around about Tourism
New Zealand having reduced funding, which in my mind's just idiotic.
We we we give Team Zed less per capita and
per GDP than any of our main competitors. We've got

(36:31):
to refocus on growth and pleadingly, the Tourism Minister has
said he's launched a tourism growth roadmap that's going to
come out next year.

Speaker 2 (36:41):
Good time to hear it, good good, good, all right, Gruant,
go well, Grant Webster, Tourism holding the sun. See you
oh thirteen minutes past seven past like I heard you
say this morning, they found gas. Megan Wood said there
was no gas to find exactly. Mike, mate, why isn't
it a big story? We found two just the I
will repeat if you weren't on the program before seven o'clock,
We've found a gas amount of gas that adds two

(37:02):
to three percent of everything we need in this country.
Surely that's a big deal, Mike ree in New Zealand downturns,
probably due to their horrendous bloody pricing. I knew you'd
say that, Mike. Do you have any information about South Korea?

Speaker 9 (37:14):
Yes?

Speaker 13 (37:14):
I do.

Speaker 2 (37:14):
President went Nuts declared martial law. Politicians turned up, voted
to bail it. Now there's a whole lot of people
standing outside Parliament milling around. You got to remember it's
the middle of the night. Fourteen past seven.

Speaker 1 (37:28):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b.

Speaker 2 (37:34):
So Mean Brown Transport Minister after seven thirty, Mark and
Jinny after eight o'clock this morning, seventeen past seven. Now
you would have seen sever rees yesterday, of course, very apologetic,
having been discharged without conviction following a post Cup Day party.
He was initially facing a couple of charges of intentional
damage taking a card dishonestly without claim. One charge was
dropped in New Zealand Planers Association boss Rob Nichols with

(37:54):
this morning, Good Body Mine. I think it's important to
point out, isn't it. In this case the judge said
any one would have been treated the same way, so
he didn't get a special deal because of who he is.

Speaker 16 (38:05):
Yeah, and look, at some point we've all got to
step back and trust judicial system. But it is interesting
whether it's a rugby player or another person with a
high profile, as they're involved in an incident that ultimately
needs police to intervene. You know, there's an intensity and
scrutiny on the police to get it right. So that
tends to mean that they're definitely hold to account and
put before the courts when they do go before the courts.

(38:28):
Because of the attention, we find the courts are pretty
good about name suppression, to allow people to gather themselves,
get me good advice, take stock of the situation. And
then as the process goes on. There's a very high
threshold put against people with profile and for them to
get a discharge without conviction, they have to demonstrate a
lot to the court. Probably more than a normal person,
but that's part of the package.

Speaker 2 (38:50):
Do you argue with these guys that if they ever
end up in the situation he did, that you don't
chase down name suppression in other words, trying to hide
from it. Is there an instruction there or not?

Speaker 19 (39:00):
There's no instruction.

Speaker 16 (39:00):
I mean, it's very much about the individual person getting
their own legal advice. But by large our approach, to
be perfectly honest is normally have you stuffed up here
or not? Because if you did our expectation as you
own it, and in owning it, yes, you've got to
get your advice and initial name suppression, which the courts

(39:22):
are pretty good at granting, just because of the media
scrutiny not just on the person of profile that's involved,
but also on the victim or complainants in these situations.
You know, often when these things come before the courts,
everyone needs a bit of time to gather themselves and
having the whole country, in some cases the world aware
of it doesn't help anyone. So the courts are pretty
good about that side of it. But we're very much

(39:44):
about if you didn't do it, and you're going to defend,
then fair call. But if you did do it, you know,
the way in which you approach it, the way you
own the situation, the way you demonstrate to everyone, including
the victims and complainants, that you have recognized your stuffed
up and you take positive stemps. And if the court
sees that that tends to help. But it doesn't matter
whether you're a personal profile or not. But I'll tell

(40:06):
you what discharge without conviction that you're still all over
the TV, You're all over the media. I don't think
there's a ciston in the country that won't know what's
taking place here and that that brings a level of
accountability on their actions. You know, Sivu's stopped drinking, he's
you know, he's taken a lot of steps and shown
actually really good growth over the last year and a half.
So whilst I have a lot of empathy for the

(40:28):
victims in the situation, it's also actually a good thing
for him in terms of the steps he's taken. And
I guess that's what we want from our judicial system, right.

Speaker 2 (40:36):
I think, so, Okay, I appreciate it. Rob Nickeol out
of the Plas Association War on Rugby. Actually, if I
get time before seven thirty seven.

Speaker 1 (40:44):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (40:50):
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(41:32):
offering an extra ten percent off all gift and toys.
It's for goodness sake. Until the twenty fourth of December.
A chemist warehouse, great savings every day and you stop
paying too much the chemist's warehouse PASKI twenty four. So
from our it worked fine, even though many didn't think
it would file. Two things. Thing number one those benefits sanctions,
the hand ringers argued, were unfair and not nice. Turns out,

(41:54):
virtually no one's hit red. Remember that green, orange red.
All the government ever asked in introducing them was you
do you bet? You are not sanctioned for not having
a job. You are sanctioned for not trying. Virtually everyone
is doing their bit. One percent are on red. Now
those are the ones you can't help. They don't want help,
they don't want to work, they don't want to contribute.
That's on them. Most interesting thing, by the way, the

(42:14):
Prime Minister said Monday as they announced their new support
program for those looking for work, is in many cases
we're down to the nitty gritty. The current rate of
unemployment a bit under five percent, isn't actually that high historically,
Mostly if you lose your job, you go get another one.
So as moving town reasonable, I mean the answer is yes.
I mean, if you're sixty two spent your whole life
in a small town. I guess maybe not, but I

(42:35):
noted with interest when those mills in the Central North
Island closed, a lot of people instantly said they're off
to Australia. I mean a lot of people generally have
been off to Australia lately. So moving for lifestyle or
work isn't clearly a major hurdle. So why would we
think it would be one to find a job locally?
Simple truth as you either want to work or you don't.
You're either driven or you aren't. So some sanctions the

(42:55):
thread of akck in the pants not really the end
of the world that it was made out to be.
Is it second to Papa charging tourists? This was bad news?
Apparently we would put people off Apparently seven hundred and
fifty thousand dollars in tickets in two months, pretty much
exactly the name of a number of tickets they thought
they would. They're now filling a funding gap by letting

(43:16):
people know, especially internationals, nothing's free. So once again, not
really the end of the world. My guess is the
new entry fee to come into the country that'll be
the same prices went up. End of the world a
price to end of the national parks will be the
same start charging end of the world. The cost of
a visa will be the same. Price went up. Oh,
they won't come. We need to break the mentality that

(43:37):
the government, I, EU and me pay for everything. It
isn't real, but it is a habit. What is real.
There is a few rules and a few charges are
only an impediment if you think they are pasking. Very
very good read if you want to get into it.
Gregor Paul yesterday on Rugby in General would have gone
there with Rob if I had time. But you know

(43:57):
what he's like. It does not lack revenue, who writes,
but it has a dangerously out of control cost management problem.
So they're caught up in a culture, he argues of
excessive pay. Annual accounts show the number of executives on
the payroll jump from nine to thirteen. Their total remuneration
went from four to six million dollars. Now per person

(44:20):
it's four hundred and forty four thousand dollars up to
four hundred and sixty seven thousand dollars. Yet New Zealand
Rugby posted a significant financial loss, so you pay them
more to earn less. Now is that how it works
in the real world. No, it doesn't. The total amount
paid to board directors almost doubled increase came mostly from
the New Zealand Rugby Commercial which is NZRC. That's the

(44:41):
separate company set up to manage the game's commercial assets.
So the interesting thing about that they got a couple
of people who are on the board plus on the
commercial side of the equation. Double dipping. What's that about?
Somebody at Bailey Mackie and Dame Patsy Ready, she hasn't
clearly gone yet. So anyway, I'm not against paying for
people a lot of dough. I love paying people a
lot of dough. Pay them more if they're any good.

(45:03):
But hold on, you've got to come to the party
with the goods, don't you. And they're not coming to
the party with the goods. Read the whole thing. It's
a very very good insight and a very good ring.
Swimming and brown and kicking at to touch? How does
this work? How long will it take? Will it actually
improve anything?

Speaker 1 (45:20):
Demanding the answers from the decision makers, the mic asking
breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news togsdead.

Speaker 2 (45:31):
Beats Mitchel Ginny Anderson after write a Clock Politics Wednesday
at twenty three minutes away from a to Grand All
Day in Auckland is one of the city's more disliked operations.
Auckland Transport got a fair bit of power taken off
them and it will be transferred back to the council.
We need some laws passed to make it all happen,
and that is the job of the Transport. Then it's
the Simming and Brown who is with us? Morning?

Speaker 20 (45:49):
Good morning mine?

Speaker 2 (45:50):
Did they? And I watched the co I watched the
press conference live yesterday, so I know your answer. But
helped me out a little bit here when you went
to them at and said this is happening one. It
can't have been a surprise, but did did they arc
up a bit?

Speaker 20 (46:03):
I think the reality is this is this is a
conversation which has been going on to some time and
they spoke to the CE. He was very tended to
work with us how we implement this make sure it
works well. Our job now is to get the legislation
drafted in the House through Parliament and then implement it
for Auckland. To make sure that Auckland does have more,
will have democratic accountability over decisions made in the city

(46:25):
which affect their daily lives.

Speaker 2 (46:27):
That was the part that I was disappointed. And why
is this so slow? You're going to draw the legislation up,
put it and send it off to select committees taking forever.

Speaker 20 (46:34):
Well, that's that is parliamentary process, so that does take time.
But today's about sending very key message around the decisions
that have been made. We've got a busy legislative agenda
as a government, so going through Parliament next year and
then it'll be up to the new council elected next
in the next year to implement it.

Speaker 2 (46:52):
What was the was the weak point that at was
so useless? Would you have still done it no matter
how good were or not.

Speaker 20 (47:01):
I think the key thing here is every other region
across New Zealand, decisions around who approves the regional land
transport plan, the road controlling authority, those decisions sit with
elected members. In Auckland, it does not, So this is
actually a principal decision to restore democracy to those decisions
and allow Aucklanders if they don't like the fact that

(47:22):
their local board or their counselors are removing some car
parks to put in a cycle way they can vote
them out. At the moment, they don't have that ability.
It's Barkeley messages. As Aucklanders aren't happy with the decisions
that have made. They all know who's responsible and we
have a hold them to account for those decisions.

Speaker 2 (47:37):
So the disappoints. So I agree with that concept. But
the disappointing part is what about all the dumpty doos
on the local board who rightly or wrongly you elect
idiots in general. And so you've got people who are
now with tremendous power in their hands, and they may
or may not be up to it.

Speaker 20 (47:53):
Well, the problem is these people haven't had power, don't
just been there to be sort of an advocacy kind
of body which just go around advocating for things they like.
Now they're going to have power, and now the local
people who vote for them will know who to blame
for decisions in their local community and directly hold them
to account. And I encourage people to put their names
forward and I encourage people to make sure they hold

(48:15):
these people to account. At the moment, they don't have
that ability in that power in Auckland. We're restoring it
and putting it in local people's hands.

Speaker 2 (48:21):
Understand that, but how variable will it be and how
much individual and specific power do they have because a
local board out west is not a local board down
south or out east or up north. In Alton, it's
a big sittrect Yeah.

Speaker 20 (48:32):
So one of the key things will be there'll be
some parts of the road controlling authority which will have
a regional impact.

Speaker 18 (48:38):
So for example, key routes.

Speaker 20 (48:40):
Obviously those decisions need be made at a regional level,
so that will be done by the duvn'ty body. What
happened on a local street with some local shops and
the car parks outside it. Ultimately that's a local decision
that should be pushed down to the local board. So
that's actually the principle already set in the Local Government
Act for Auckland. It just hasn't been implemented. And this
is going to formalize that into legislation.

Speaker 2 (49:00):
All right, good to talk to you appreciate it. I
mean Brown Transport Minister with us this morning, nineteen minutes
away from eight posty, can we get the calm competent
Lester Levy to explain to Chris Hopkins government's rapacious tax
and spend policies are a very bad idea, Mike, simply refreshing,
isn't it? Yes, Andy, he is a lot of people
seem to like Lester leaving Solar zero. I've been doing
a lot of reading because the first thing I wanted

(49:21):
to know when Solar zero fell over the other day
was is it Solar that's the problem or is it
an individual company that just wasn't doing well? So another word,
solar is a general concept is fine, And it's taken
several days to get to the conclusion, but I think
we might have some answers more shortly. Nineteen two, the.

Speaker 1 (49:41):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (49:46):
Talks it be we're at sixteen to nine? Are sixteen
to eight? Rather great questions? Mike, how is at better?
Giving decision making?

Speaker 9 (49:53):
Too?

Speaker 2 (49:53):
Numpties? That is my I mean, there's no elegant, real solution.
There's no obvious black white right wrong here. You're taking
the power off a bunch of idiots and power freaks
and giving it in some cases, not all, but in
some cases to incompetence. And that's my great concern, and

(50:13):
I challenge you name me three people on your local board.
You wouldn't have a clue. Most people don't even vote right.
Solar zero five hundred and ninety eight unsecured creditors who
are owed about thirty five million. At this stage, it's
unknown if there are any funds available to make those payments.
So black Rock were into it. They paid one hundred
and ten million from the founders of the company back

(50:35):
in mid twenty two. The deal required overseas investment approval.
They got it because it was over one hundred million dollars.
Since the acquisition, black Rock hasn't injected of a further one
hundred and thirty seven million, so they're in the whole
the turn of fifty million dollars. Hence they called the
plant because they've done the numbers and it's not working
for them. The ministers is where we are involved, are
the New Zealand Green Fund, the Investment Bank, which is

(50:57):
at quote unquote arms length from the government, but nevertheless
it is our money. They've thrown one hundred and fifteen
million at it. So the chances are from what you've
just heard me say, I E. They've got nothing left
when we're going to burn that. So that's unfortunate. My
understanding here's the quote. My understanding is the business model
they were running required significant funding and then the time

(51:18):
when funding has been relatively expensive. This is Adrian Or Again,
of course it does call the business model into question.
So in other words, the business model didn't work. So
a lot of questions here. They pulled the plug because
it realized solar in New Zealand is a tough, barely
profitable business. Now this is my real concern. I feel
sorry for the company and all the people who are

(51:39):
owed money, but this is my overarching concern. And dare
I suggest I could reintroduce the topic of nuclear back
into the conversation here, because if solar is a quote
barely profitable business, why the hell are we going down
that track? Because otherwise it just becomes a charity. So, yes,
it's renewable, fantastic, But if you can't make any money

(52:00):
and no one wants to make any money because they
can't make any money, then how are you going to
get New Zealand on solar? So this is from a
guy called John Harmon who runs another company called Lightface Solar.
Lightface Solar was twenty percent down on its budget, lowered
its prices, laid off ten staff in the last two months.
No one in the industry is making money at all.

(52:21):
So we're chasing a dream ie renewable energy with a
model that doesn't pay. You can't make money. No one
is making money. Some are making less than no money.
And the government's and the hold to the channel O
fifteen million dollars. Glenn, give me one of my special stinks,
because I'm in the mood for one of those. Asking

(52:43):
Hello brings me to Jaguar. So Jaguar did the ads
the other day and they were out there. There's no
question about that. They weren't personally to my taste, but
then they're only ads. So what they need to do
is reinvent themselves. What they are doing is reinventing themselves.

(53:04):
And Elon Musk, who's a hot head and an idiot,
came out immediately and he gaves, do you sell cars?
And I thought, oh, yeah, he doesn't get what's happening here.
So what's happening here is you launch the campaign, you
get people talking now right or wrong? Did people talk?
You bet their talk? Name me the last campaign globally
for a car or indeed, anything that created the sort

(53:24):
of noise that Jaguar managed to create the other day,
and there hasn't been one for.

Speaker 12 (53:27):
A rugg who the buggeraad?

Speaker 2 (53:29):
Yeah it could be, but it's a long time ago,
Glenn Boomer, right. So then they come up with a
car as of yesterday, the Type zero zero. So this
is where I think we're dealing with potentially a stroke
of sheer genius, because the car, to my eye, actually,
let me give you a real critics answer. My wife said,

(53:49):
and I quote, I want the pink one. Now, this
is not a woman who is in love with cars,
interested in cars, erroll. But when a woman sits down
and sees and goes, I want the pink one. And
she was referring to the car head. By the way,
you're in the car itself.

Speaker 12 (54:06):
Look look it up.

Speaker 2 (54:08):
I'm sorry now that was you, not may. I was
doing it cleanly. Have a look at the car itself.
It's beautiful and it looks very much like the Rollsworth
Specter did in concept form. The picture you look at
will not be what the car looks like in the
real world, for fairly obvious reasons. That's how the car
industry works. But you got the ad, you got the car.

(54:30):
The car is going to become a reality. It's got
the hype, it's got the noise, it's done essentially everything.
In so far as you heard Richard Hammond say earlier on,
he likes what they're doing. He likes the look of
the car. It might well just be in a couple
of years time. They were way brighter than most people
saw them, which is good. I wish them well. Ten

(54:51):
minutes away from.

Speaker 1 (54:52):
A costume breakfasts with the range.

Speaker 2 (54:55):
Rover of the line, Mike, it looks like Lady Penelope's
car or the Thunderbirds, only right, not the similar eight
minutes away from it? Are they using artificial intelligence in
the meat industry? So Alliance has launched this new tech
for farmers who can see the eating quality of their
lamb and beef through AI in real time. These are
special probes. They analyze fat and lamb and marbling and
beef anyway. The Alliance group CEO Willie Bess will this

(55:18):
will eat morning to you.

Speaker 21 (55:20):
I'm Mike morning, thanks for thanks for having me.

Speaker 2 (55:23):
Not at all a probe already exists. I mean there
are probes all over the place. What does the AI
bit do?

Speaker 21 (55:30):
So what the aim would do us more than link
to genetics and then the predictability of performance of livestock
unit performance, specifically lamb and beef, and that's where where
the algorithms run and it used machine learning to better predict.
We have also test and validated the outcomes of that
level of prediction versus with wet chemistry test. So initially

(55:54):
it was when we initially launched this, the initial view
was how do we ensure that we can manage eating
experience in a consistent way. So it's done that working
with ac Research and asked me in Australia. It's been
a twelve month twelve month project that's been delivered. The
next bit is how do we provide our farmers with
information so they can make behind the gate decisions to

(56:17):
get better value. First of all, so it wasn't initially
linked to genetics because the farmers know what genetics and
they already using and what parts of the farm and
what their farming systems is. So we've seen significant improvement already.
But we've also seen really crossbreed lamps outperforming our whole
host of other genetic lamps, and that's on farm practice.

(56:39):
So there's a combination of that, then we've moved more
into the AI around how do we provide farmers with
a predictable outcome because obviously there's editory genetic transition which
is roughly around fifty percent as they grow their flocks,
So how do we predict the performance of that and

(57:00):
therefore how does the farmer better budget how does the
farmer better predict a return based on Because what we
do in alliance, which is in a lot of cases
different to some other processes, we have two key components
that we look at for in how we reward our farmers.
The one is rewarding for quality and this is specifically
the yield performance that we measure. So we measure lean

(57:22):
meat yield with obviously scanning technology that's on the one axis.
On the other axises the intramuscular fat that is done
through the probes, and then for beef we also use
a camera after twelve hours of chilling to actually validate
the information and to provide additional information. So that was

(57:42):
the first but so on that we created a sweet
spot to say the lands that has got operate within
these lean meat yield parameters and that operate within this
intramuscular fat parameter that is the sweet spot that go
into our handpicked premium program or our luminar program, which
is separate from your normal baseline baseline LAMB products. And

(58:05):
it's in that that we then track that we track
it to the region. We can compare farmers and how
they perform relative to their region.

Speaker 13 (58:11):
We can see how they perform relative to the.

Speaker 21 (58:14):
National averages as well, and that information our farmers are
Platinum Royal farmers. They can access it through a farmer
portal and they can see that straight after primary processing
after them spin killed.

Speaker 2 (58:28):
That's cutting edge. I love it, Willie, Thanks for the insight.
I appreciate it very much. Willy Visa, who's the Alliance
Group CEO? Four minutes away from eight skiing? That's a
good example of good AI, isn't it.

Speaker 9 (58:39):
Mike?

Speaker 2 (58:39):
The new Jaguar is supposed to be five meters long?
How and where will you park it? And you see,
this is the interesting thing. I was talking to Ryan
Bridge about this. Ryan knows just to let you and
he knows nothing about cars, so he said, what do
you make of this? And so I had to explain
all this to him. Do you realize that five meters
is not actually a big car. A rain drove is
actually longer. A Rolls Royce is longer. Most big su
visa longer five meters. They're about five point two sometimes

(59:02):
five point three meters long, even five point one meters.
So it's not a huge car. It's a large car,
but it's not a huge car. So in asking where
would you park a Jaguar, where do you park a
range Rover, you park it in the same place because
a rain rod is actually longer. You see what I'm saying.
So it looks and that's the interesting thing. I reckon
people and looking at that picture are going to go, jeez,
that looks gargantuan because it does look tank like, But

(59:24):
in reality it won't be nearly as big. It'll be
the something like think of a Bentley Continental. Have a
look at that that It'll be about that size car
and there's plenty of those. Mark and Ginny we'll do
politics Wednesday for us after the news, which is next
here a news talk Zippy.

Speaker 1 (59:41):
Your trusted source for news and fuse the Mic Hosking
Breakfast with al Vida, Retirement, Communities, Life your Way, News talks,
Hea'd be this world, Mam Hey.

Speaker 22 (59:54):
Roman seven day If as well as a mine. I'd
take you a jeans and middlemos. If there's well as mine,
I take your hand of amusing fun and do something today.

Speaker 2 (01:00:07):
I'm a big Kendred Lamar fam. I'm not into this
sort of music generally, but he's I think, genuinely clever.
So he's got some West Coast scorches here. I don't
say West Coast scorches. This is a surprise sixth set.

(01:00:27):
We weren't expecting this. Apparently this is lightning in a bottle.
Jack Kentsonov's there, Lil Wayne snoop snoops everywhere. You're getting
sick of snoop snoop, but comes too much snoop.

Speaker 12 (01:00:43):
You can't really get sick of snoop?

Speaker 2 (01:00:45):
You reckon? Is he that call? I got sick of
them in Paris at the Olympics. I thought, come on,
it's ridiculous. Have you seen the documentary Martha Stuart speaking
of Snoop? Do you want to see that? I saw
the promar got put off it scissors. There got a
lot of people and they've got thirteen tracks. No, we

(01:01:06):
haven't got twelve tracks and forty four minutes worth of
Kendrick Lamar it is eight minutes past eight. It is
time for politics Wednesday, Marke Mitchell, Ginny Ander, some morning
to you, Jenney Scrutiny weak. I think last year came
on this program and spoke glowingly of it. Does year
two live up to plan?

Speaker 14 (01:01:25):
I've only had one day yet, so a bit early
out the gates. But if we were able to invite
ministers to the Justice Committee, so in the opposition we
wanted to invite Minister of Police Nicole McKees, Firearms Goldsmith Justice,
we didn't get the opportunity to invite any of those ministers,
so it's a bit of a fizzer out the gates already.

Speaker 2 (01:01:43):
So I watched some of the financial stuff yesterday. It
seemed just a lot of back and forth bitching. Is
that all that goes on?

Speaker 14 (01:01:49):
Well, it's important to hold them accountable. If people are
saying things that aren't true, then they need to front
up and explain where they got their numbers from. And
so with health, it's pretty shaky ground that you're trying
to basically manufacture a crisis and you've got newses on
strike already in pay rounds, so it's not looking pretty
for the health set.

Speaker 2 (01:02:07):
What do you think of scrutiny week generally?

Speaker 9 (01:02:08):
Mate, I think it's good.

Speaker 23 (01:02:11):
I think it's another way of you know, I was
obviously having scrutiny and transparency around what agencies are doing.
All the chief executives are a period in front of
the committee. It's no different between labor and government. I've
appeared in front of the committee, I will do again,
and I'm appearing in front of the one of the committees.

Speaker 9 (01:02:25):
This week in emergency measuement.

Speaker 23 (01:02:27):
I think it's like I said, I just think we've
had but we've got one of the most transparence systems
and we should keep improving that.

Speaker 2 (01:02:33):
Okay, the conference Jinny over the weekend, Isaac has they'd
a beautiful location.

Speaker 9 (01:02:40):
Beautiful.

Speaker 2 (01:02:40):
Yeah, it's fantastic. This business of tax How is it
We built up to it last week, going mate, you
know we're going to have a talk about it, going
to have a vote on it, and then it's still
we're not talking about it anymore.

Speaker 14 (01:02:50):
Well, maybe your colleagues in the media could explain that
because we were always going to have a discussion. We
did have that discussion, and we've opted to take a
good look at those two options and do some further work.

Speaker 2 (01:03:01):
So you voted to go forward with the idea.

Speaker 14 (01:03:04):
We're going to take a further look at both capital
gains and wealth text.

Speaker 2 (01:03:08):
Do the work on it, Yeah, okay.

Speaker 14 (01:03:10):
Collect So there's a bunch of things in there, whether
it's realized or unrealized, is in terms of where it
would sit, what areas it would kept her, what are
the flow on effects of either? So all those analysises
have to be done before you can come out of
the gate and stuff.

Speaker 2 (01:03:24):
What about the charities thing that came out of the
Nicola Willis yesterday and scrutiny we're speaking, which she says
she might treat charities differently. You'd go along with that,
wouldn't you.

Speaker 14 (01:03:33):
Well, I think you have to be cautious about how
it was structured. I know Nichola Willis is scrambling to
find additional fund so there will be some sneaky taxes
that she'll be looking to do. So I would be
dubious to see if this is one of those.

Speaker 2 (01:03:45):
Okay, what do you reckon?

Speaker 13 (01:03:46):
Mark?

Speaker 2 (01:03:46):
I mean, would you are you in favor of changing
the tax on charities?

Speaker 23 (01:03:51):
The only one that does sneaky things around Texas is
labor They are desperately trying to ford.

Speaker 9 (01:03:56):
The tobacco dudes.

Speaker 14 (01:03:57):
That's pretty snaky.

Speaker 23 (01:03:58):
They desperately trying to find ways of texting Kiwi's more.
They're not convicted. They want Kiwis to sort of say,
oh ye, no, no, we're up for that instead of
just living by the convictions.

Speaker 9 (01:04:07):
If they want to text the country more, just come
out and do it.

Speaker 23 (01:04:09):
And instead of talking about it all the time, look
at and in terms of other textas it's entirely up
to Nicholas she is doing. Here is an awful economy
with bonfires everywhere, and we've been working flat out for
a year to get those damp and down, get them
sorted out.

Speaker 9 (01:04:25):
And when we're will and check on doing that.

Speaker 2 (01:04:26):
All right, listen, just hold on there. Come back in
a couple of moments. So Politics Wednesday, Mike Mitchell, Jinny Anderson,
twelve past eight.

Speaker 1 (01:04:32):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio,
How the News Talks.

Speaker 2 (01:04:37):
It Be Talks. There'll be fourteen minutes past eight Politics Wednesday,
are Mike Mitchell, Jinny Anderson might.

Speaker 23 (01:04:42):
Just really cut the I'm sorry this is random because
we're coming up to Christmas. You are right, I promised, well,
I promised the Otara Community Corrections Team.

Speaker 2 (01:04:52):
Like a cash callers. I mean, what are we doing?

Speaker 23 (01:04:55):
They say, are huge Mike Hoskins fans and they asked
me to do it, and I said, he doesn't like
me doing this sort of stuff, but because it's.

Speaker 2 (01:05:02):
Yeah, I do. You're right, Genny, I do love it.
So sorry. So who is the Otara what?

Speaker 23 (01:05:07):
It's the o Tara Community Corrections Team. They do an
outstanding jewelry on public safety. I was with them last
week and they said, please please can you can you
give us a share that we love Moight Hoskins?

Speaker 2 (01:05:16):
No, that's lovely. Now will you thank them very much
for me? Who have you met this week? Jenny? That
loves me?

Speaker 14 (01:05:22):
Who have I met?

Speaker 2 (01:05:22):
Well, there would have been a lot of people at
the Isaac Hayes.

Speaker 9 (01:05:26):
Can I say?

Speaker 14 (01:05:27):
The real secret is that my mum is warming up
to you, believe it or not. I mean, I come
from a strong socialist family and my mom's starting to
listen to you. So you know you've got like ros.

Speaker 2 (01:05:38):
I slowly one at a time. Mark, what's your what's
your what's your mother's name? Jenny, Trisha, Trisia and hellth
in West Aalkland, PA. Tricia of west Auckland. How old
is she.

Speaker 14 (01:05:49):
Without She's over seventy five.

Speaker 2 (01:05:53):
Isn't that exciting that that at that stage of life
you can come to a realization that perhaps you've been
wrong all those years.

Speaker 14 (01:06:03):
Dad, you haven't got dad? Sorry, okay, but.

Speaker 2 (01:06:06):
I think I think I've taken it from this, ye Jinny,
I think you're a bit of a listen to the
program reluctantly, aren't you.

Speaker 14 (01:06:11):
Yeah, I listen.

Speaker 21 (01:06:12):
You know.

Speaker 14 (01:06:12):
I think it's a good way of staying connected to
the range of views. And I've always been the belief
that if you surround yourself with the same views as
everyone that you believe in all the time, that makes
you pretty boring. So you need to challenge yourself and
understand what other people's points.

Speaker 2 (01:06:25):
Of view are there. You go, hey, Mark, would you move?
Do you think it is fair? Because I don't think
we've got a definitive answer this week from Louise or
the Prime Minster. Is it acceptable to have to move
town to find a job?

Speaker 23 (01:06:40):
Um? Look, it depends on how much you want that job.

Speaker 2 (01:06:45):
And look, yeah, but what the states sanction you if
they say? Look, mate, you're here in the middle of nowhere,
small town, five hundred people, the mills closed down, the
road one hundred miles is work. You got to go.

Speaker 23 (01:06:56):
Look, that's a really that's a difficult I know. When
I joined the police, I didn't have a choice. So
I had to go where they needed me and where
the work was.

Speaker 9 (01:07:04):
And so that a lot of that is around personal choice.
It's a really difficult one part.

Speaker 23 (01:07:08):
So I think that Look, in terms of the mill,
I asked the police and said, look, get in and
do a recruiting drive at that and can lead because
those people are shift workers, are hard workers, they've got
a great work ethic. They'd make great police officers. So
I am listening to this. We're recruiting, come and sign up.

Speaker 2 (01:07:25):
What about you, Ginny, I mean, obviously under your government
you didn't do it. Are you open to it?

Speaker 9 (01:07:30):
Well?

Speaker 14 (01:07:31):
I think I lived on Great Barrier Island when I
was young, and I remember a time after we moved
off the island that I think I'm pretty sure it's
international that they just stopped paying an employment benefit there
because if there wasn't employment the year and so a
lot of people did move out over that time, and
so I think it has been done in the past.
How strictly it's enforced is the question, because how do

(01:07:53):
you engauge how many jobs are there in the town
when there could be an opportunity if someone sticks around,
And then you have to wigh the cost to the
taxpayer and the social cost of shifting house, taking kids
out of school, all of the social fragmentation that happens
off the back of that. So that needs to be
weighed up as well.

Speaker 2 (01:08:09):
Okay, Ginny, just quickly at the council what happened yesterday,
broadly for it or not?

Speaker 14 (01:08:14):
Well, I just have to see, Like the problem is
consistency if you've got local boards making individual decisions about
where things go. In terms of transport, I mean, I
thought the whole point of a supercity was to have
coordination right across au Cli Metro. So the riskers that
you fragment it and don't have a single standard, I.

Speaker 2 (01:08:32):
Tend to agree, Mark, can you do us a favor?

Speaker 13 (01:08:35):
Yeah?

Speaker 2 (01:08:36):
Okay, so kaying Aura didn't even look at wall carpet.
They're gone with the nylon. The wall people said. The
wall people said they could compete on price. I thought
you were they were under instruction to support local product,
get some wall in some houses. Can you find out
what the hell's going on there?

Speaker 9 (01:08:53):
I'll go and find out for You's go.

Speaker 2 (01:08:57):
And talk that program anyway. Listen, you go well for Christmas,
and thank you for the year, and we'll look for
to your company in twenty twenty five.

Speaker 14 (01:09:05):
Thank you, Mike, thank you for having us both.

Speaker 2 (01:09:06):
No worries it all. You go well, both of you.
Mark Mitchell, Ginny Anderson eight nineteen The.

Speaker 1 (01:09:11):
Mike Hosking Breakfast with Dailey's Real Estate NEWSTALKSV.

Speaker 2 (01:09:16):
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If you haven't gotten to Stalin, get into it. It's
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eight twenty three, Mike, is it fear to move towns
for a job? If I didn't have a job, I'd
go anywhere to feed my family in most would if

(01:10:20):
there were no benefits available. I think most people, Dave
would agree with you. I left school Mike at seventeen,
moved from Tarong to Wellington by myself, booked into the
YWCA Willis Street and got a retail job. I'm female,
were well done you. I did something similar. I mean
when I applied for a job and it started working
nineteen eighty two. I was sixteen years old and the
job that was available to me wasn't Wellington. I was
in christ You to no point did it even occur

(01:10:41):
to me ever occur to me that I wouldn't move
to Wellington. It was just where the job was. I
wanted a job and there it was. Bang, I was off, Mike.
Is it incredible that a year after being obliterated in
the election, Labour's vision to re election as more taxes
when they wasted billions of increased revenue. It's going to
be really really interesting in the campaign twenty six if
the economies going well and the current coalition have got

(01:11:03):
things broadly under control, and the optimism's up a bit,
and the big pole where we think the country is
going generally in the right direction of all those attracking well,
and then the opposition comes to the frame going, hey us,
the Greens and the Maori Party would like to form
a government. And one of the things we would like
to do after the election has charge you more by
way of tax. I'm going to be fascinated to see

(01:11:23):
how that goes. And I can tell you I know
how it's going to go, but it's going to be
fascinated to watch it. Might move from Gismond to christ
Church doubled Massalary husband doesn't have to work any more
life changing. There you go. It can't go wrong. A
lot of people going to christ jute though, Nick, how
many people shift countries to work? That was what I
was trying to say earlier on. What fascinated me out
of this whole conversation this week and all the whining

(01:11:43):
that went on when the announcement was made on Monday,
is there seems to be no shortage of people who
are more than happy to leave the country, which is
kind of a separate story in itself because it's depressing,
But there seems to be no shortage of people have
more than happy to leave the country to go to
places like Australia. But all of a sudden, the idea
that you might have to just wander down the road

(01:12:03):
a bit if you want a continued level of government
supports all too much. Isn't that interesting, Mike. I've moved
around New Zealand chasing work. It's better to move and
be employed than stay unemployed. Couldn't agree more, Mike. She
said she listened. She doesn't tell you she likes you. Well,
n any of people listen to this program don't like me.

Speaker 12 (01:12:18):
Yeah, some people say that they're never listening again every
single day.

Speaker 2 (01:12:21):
Yeah, the number of people if I had a dollar
for every person who said that's it. I'm off I'd
have a lot of dollars.

Speaker 12 (01:12:28):
And then and then do you make another dollar in
the next day they say the same thing again.

Speaker 2 (01:12:32):
Exactly Mike, we finally get FM Dunedin and now you're
going on holiday. What a bloody tease. Well, no, don't
be like that. I see this as a long term
investment because this has been a sustained, long term campaign
of mine in Dnedin to get FM into the area.
And so we'll be back next year of the year
after the year. I mean, this is a this is
a twenty five to thirty year project of mine, so
will be here for a very very long time.

Speaker 12 (01:12:53):
And trust me, you really only want hosking and full
surround sound in small doses.

Speaker 2 (01:12:59):
Once I think that it's my gift to Dunedin, because
once you get me an FM, even though you love
me in am, you'll be thinking, oh my.

Speaker 12 (01:13:07):
Lord, it's like having the concentrated dishwash liquid instead of
the exactly what it is, the weak stuff. So although
the bottle looks smaller, it actually goes further.

Speaker 2 (01:13:19):
You're getting more bang for back, aren't you. The unemployment
forecast Interestingly enough from S and P Global came out
yesterday for this country. And this goes back to the
economy electioneer all that sort of stuff. So US Ratings Agency,
this is their Asia Pacific economic outlook. They're thinking five
point three. So glass half full, glass half empty because
the headline this is from newsroom and they tend to
be a bit doer. Unemployment to hit pandemic level highs

(01:13:43):
in twenty twenty five, so they come up with a
forecast of five point three. They say, we're going to
be one of the worst in the Asia Pacific region,
which technically is correct. We are the only other country
that's right up there in terms of unemployment next year
with US is China, and I don't think anyone wants
to compare themselves to China economically at the moment, Indonesia's
going to be at fire, but if you go to
a place like Singapore, it's one point nine. But anyway,

(01:14:03):
here's the point. It wasn't that long ago. In fact,
it was only a couple of months ago that some
of the banks, at least one of the banks was
forecasting six six percent as an unemployment rate. Then it
came back to five point five, and you'll notice the
other day that it came back from the Reserve Bank
to five point two. And that's as bad as it gets. Now.
Five point two is as bad as it gets. Of
all the bad things that have happened to the economy,

(01:14:26):
unemployment won't be one of them. The house market didn't
crash and tens of thousands didn't lose the jobs the
way we thought. So that's glass half fall for He
was in a couple of moments when we crossed the Tasman.

Speaker 1 (01:14:38):
Talk with Steve Rice, setting the news agenda and digging
into the issues. The mic Hosking breakfast with the range
Rover villa designed to intrigue and use tog dad.

Speaker 2 (01:14:50):
B Here we go, Mike at nineteen and the mid
nineties in England, I had a crap job as a
dropped out of school when I was sixteen. I got
the chance for a good one. But in Germany, no internet,
no cell phone, no credit card is there wasn't then.
It was terrifying, but I did it. I then went
round the world working. Did okay, if you make excuses,
you'll go nowhere. Good text, Mike. My husband was made
redundant in twenty fifteen in Australia. So we moved here

(01:15:11):
to New Zealand, love, but no plans to go back. Mike,
you make your own luck, but to many many people
think luck is something that's given. Jeff, well done, twenty
three minutes away from.

Speaker 1 (01:15:19):
That international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:15:25):
And going to speak fast morning to you mate.

Speaker 19 (01:15:27):
Yes, it's good to be with.

Speaker 2 (01:15:29):
What happens to this group you told us about on
Monday that they said don't do Australia Day And it's
a large group. It's two hundred odd pubs around the place,
and they would have an hrred apartment. They would have
groups of people who sit around a boardroom thinking about
these things. What do you reckon? Happens in those meetings
and nobody at any point goes this has got trouble

(01:15:49):
written all over it. Guys, let's not go there and
yet look like it.

Speaker 19 (01:15:54):
You would think. I mean, I'm writing a column right now,
I haven't finished it yet about exactly who's the marketing
genius who sat in that meeting and said this would
be a good idea if we announced this. I mean,
you can do it without even telling anyone you just
don't have major celebrations in your hotels if you don't
want to. But why would you come out and announce it.

(01:16:14):
The company we're talking about is the Australian Venue Company.
Ironic that it's got the name of Australia and it
decided to say, oh well, Australia Day, January twenty six,
it causes hurt and suffering, we're not going to do
anything about it, and the world exploded. I've never seen
a reaction quite like it. Internet newspaper online comments site

(01:16:35):
just blew up with people saying, right, here's the name
of the pubs. I mean, every newspaper in the country
might listed the two hundred venues. So if you lived
in Melbourne, I mean, it just makes you laugh. There's
a pub in Melbourne called the Duke of Wellington, for
God's sake. There's a hotel in Adelaide called The Colonist

(01:16:55):
and they're going on about colonization and hurt and suffering,
and I mean, somebody in that company has got to
be sacked. You would think it's owned by a Hong
Kong merchant banking outfit, so that might make some explanation
as to why they had no idea what they were
doing and they've now beened. This is delicious. The senior
politician head of the Nationals, David little Proud, says, Okay,

(01:17:17):
you've made a mistake. You apologize now, so why don't you,
as a gesture, for go the fifteen percent surcharge that
you have on every beer cell on Australia Day as
a gesture of saying sorry. I mean, they really have
buried themselves.

Speaker 2 (01:17:32):
It's amazing this housing How do you describe it? Because
as far as I know, most people, I was reading
about Ireland yesterday, right, so Ireland. I don't know if
you followed this, but they've had this magnificent windfall from
Apple and all the corporates that have gone to Ireland,
so financially they're in clover. They've had an election, the
government gets re elected, but they still have a housing crisis.
Most of the western world, as far as I can

(01:17:53):
work out, has a housing crisis. How bad is yours?
And who do they blame?

Speaker 19 (01:17:57):
It's dreadful and it's driven by a larger by migration.
I mean, we are still bringing six figure numbers of
people into the country on a regular basis. And there's
nowhere for them to live. And one of the reasons
is that all of the tradesmen tradespeople have been sucked
into these big build projects by people like Victorian governments

(01:18:17):
who are building massively expensive underground tunnels for trains that
might never be finished, new road tunnels. So all of
the tradees are working on government projects guaranteed incomes, got
a job for the next five years on massive salaries,
so no one's around to build houses, and so we've
got this massive housing crisis and mid Melbourne is currently

(01:18:39):
a city of five million that's going to end up
being eight million by twenty thirty, and there's nowhere for
anybody to live. Master builders have run a pole overnight
of sixteen hundred people, and sixty five percent of those
people hold blame Canberra for the housing crisis. They're the
ones that they say are causing the problem. But most disturbingly,
one in three say that they've had to give up

(01:19:00):
medical treatment, food on the table, education costs to actually
pay their rent or their mortgage. So we've got this
double problem. High high interest rates. As you know, we're
still haven't had an interest rate cut, and people can't
find anywhere to rent because there's just too many people
in the country. It's a mess.

Speaker 2 (01:19:18):
Funny you should say that. Was reading a piece yesterday
about the Australian Reserve Bank and they still haven't cut
They're thinking maybe next year now and there's growing concern
correctly that this is wrong, that they might actually be
reading this wrong and when they get there, they'll have
got there too late. Is that fair or not very fair?

Speaker 19 (01:19:35):
And I think you did it right and not you.
I know you're in charge of a lot of things.
You're not charge to New Zealand economy, but your country
did the right thing. You plunged into what appeared to
be a recession, took the pain, and then came out
and started to drop interest rates. I mean, if I
got that right now, Yes, all the economic experts in

(01:19:55):
this country, so New Zealand properly, we've done it badly
and the Reserve banking is under huge pressure.

Speaker 2 (01:20:01):
Now correct me if I'm wrong. But I thought I
heard this correctly the other day. So the woman's in prison,
she wants to get pregnant with IVF and the state's
going to pay for that. Is that how it was
going to work?

Speaker 19 (01:20:12):
Correct? She's a charmer. Alicia Schiller stabbed to death a
mother of three over an argument about fifty dollars. She's
in jail for a lengthy period of time for murder,
and she decides, oh, well, I'd like to have a baby.
The only way to do it is to have IVF.
And so she goes to the IVF and to the

(01:20:34):
government and they say, yeah, no worries, we'll let you
come out of charge. You can have the IVF treatment.
And it's caused outrage from the survivors. The woman she
stabbed to death had three children. I mean, they're going,
we'll hang on a minute. You kill my mother. But
now the government and the taxpayer is going to pay
for you to go and have a baby anyway, Thank goodness,
overnight she's changed her mind. There is one caveat on

(01:20:56):
that thought. The government is saying, oh, well, if you
do really want to do.

Speaker 16 (01:21:00):
It, come back to us at a later date and
we'll do it for you.

Speaker 9 (01:21:03):
Unreal.

Speaker 2 (01:21:03):
Hey, listen, I'm off for Christmas. So you had a
lovely break and a holiday December fourth, Well, I'm not
leaving today. I've got the rest. I've got the rest
of the week to go. But but it's just because
I knew you do this when you were in Italy,
and you remember in Greece. You know, Italy and Greece,

(01:21:23):
there were two separate holidays. Do you remember when you
were in those place? When you were there, I was working,
I was toiling, and I'm, you know, now exhausted.

Speaker 19 (01:21:32):
I think there'd be people around you who would suggest
toiling maybe an exaggeration, but it's been another challenging year,
very interesting, and I've enjoyed every minute of it.

Speaker 2 (01:21:41):
Thank you, mate, and listen, do enjoy your what was
it cross? Was it Azuk Vitara cross, Suzuki.

Speaker 19 (01:21:51):
Tracks? Something?

Speaker 2 (01:21:53):
The tracks? Arras cross?

Speaker 19 (01:21:56):
Yeah, yeah, that's a Yaris Cross.

Speaker 2 (01:21:58):
Okay, whatever that is. You enjoy that, enjoy our beautiful country.

Speaker 19 (01:22:02):
Thank you.

Speaker 2 (01:22:03):
I will see you in twenty twenty five.

Speaker 12 (01:22:04):
I tried to buy one yesterday.

Speaker 2 (01:22:06):
Oh you've been trying to buy one for months? What happened?
So you were going to find they're out, not even
a secondhand one.

Speaker 12 (01:22:13):
That's I'm only interested in the second end one.

Speaker 2 (01:22:16):
So you went into the yard, show me your Toyota
Yaris crosses and I've just sold it. No can do?
Was it a demo?

Speaker 12 (01:22:26):
No? No, no, no, it was just it was and
it was in red too, which is the color that
I want. He sold it to somebody else.

Speaker 2 (01:22:31):
Really, let me have a look here, motors. What year
you want?

Speaker 12 (01:22:38):
It doesn't really matter. I just want relatively low case
right a Toyota Yaris Cross.

Speaker 2 (01:22:44):
Yeah, hold on, standby, I'm going to get you one
right now. Yeah. Oh see it, there aren't any it's
just got a yarrus. No, no, I know what you're
talking about. I know you want the one to hang on.
Here we go.

Speaker 12 (01:22:58):
This is compelling listening, isn't it.

Speaker 2 (01:23:00):
Well, we want to get Glenna car for Christmas? Do
you want the gr interested in the gr at All
one point six?

Speaker 12 (01:23:07):
I honestly don't mind which he just have the three
models the years.

Speaker 2 (01:23:12):
No, but the one you want? This one's six speed manual.

Speaker 12 (01:23:16):
Oh no, what are you talking about?

Speaker 2 (01:23:18):
Are you looking at the six six with the rear wing? Oh?

Speaker 12 (01:23:21):
Yeah, No, that's the sporty one and a splitter.

Speaker 2 (01:23:24):
Yeah, don't you want to splitter?

Speaker 12 (01:23:26):
Come on, it does have the that's got the core
wheels on it too.

Speaker 2 (01:23:30):
Yeah, it's got the it's got the very cool wheels
on it. What about the r Z edition you want
one of those. There's hundreds of them here, Glenn. Most
of them are read. For goodness sake, how are you
looking so fourteen? Gosh doesn't time fly fourteen minutes away
from nine the like?

Speaker 1 (01:23:46):
Asking Breakfast Fall Show podcast on iHeart Radio powered by
News Talks.

Speaker 2 (01:23:51):
It'd be I don't know how many of you have
seen You're funny? Are you sure you're spelling Yers correctly?
Not searching for yarbis Mikey Sherman jokes. They didn't correct
that we were talking about that off here. They didn't
correct that last night, and they probably should have. I
assume they're too embarrassed. But what they did was lead
to you to believe that there were no truck driving

(01:24:13):
jobs in Hawk's Bay when there are. And that was
on them, not on the fact that there are a
lack of truck driving jobs and Hawks Bay two hundred
and one results Glenn for Yaris cross on trade me.
There are seventy eight second and years crosses in Auckland alone.
Plenty out there for you, Glenn. China just quickly out
of Australia, China this morning is announced they'd lifted the
last of the tariff. So the scott Morrison, let's have

(01:24:34):
a look at where COVID came from. Oh do you okay, well,
we'll slap tariffs on you for that. That's year's worth
of tariff's thirteen billion dollars worth of business. Anyway, the
last of those tariffs have been lifted this morning. It's
red meat and lobster. The lobster is going to be
back by the end of the year, so that's encouraging. Then,
of concern this Mosaic thing, which we should be interested in,
basically because Mosaic have hundreds of stores, seven hundred of them,

(01:24:56):
some of which are in New Zealand. They do the katies,
non dmailers, et cetera, as we've talked about of times before. Anyway,
turns out that they got debts of at least two
hundred and fifty million dollars and highly unusual for a
publicly listed company not to pay for insurance for directors.
Looks like the directors may not have any insurance, so
that's a bit ugly. They've got the unenviable task to

(01:25:16):
KPMG of trying to manage the retailer's furious supply network
because Mosaics suppliers are being asked to continue to supply
the retailer because they're still trading while you know, in liquidation,
still supply them with clothes and footwear, even though there
are owed tens of millions of dollars. So before Mosaic
were put into an administration management, we're asking suppliers in

(01:25:40):
Bangladesh and China and India and Australia to accept contracts
which deferred payments extending in some instances to over three years,
and to accept a third or half of what they
were owed. So you owe me ten thousand dollars, I
could probably give you five while I'm paying you the five.
Can you keep giving me? Shure and give them to me?

(01:26:02):
And you may or may not see the money. It's
just are you serious anyway? I guess we wish them well.
Nine Away from nine.

Speaker 1 (01:26:11):
All dumb, Mike Costing, Breakfast with a Vita, retirement, Communities, News,
togs Head vs.

Speaker 2 (01:26:16):
All the medium businesses the lifeblood of the country, of course,
But anyone in the same boat as you will agree
that the last little while has been pretty tough. So
maybe you've held off putting investment into the old business,
or you know, just focused on getting through basically, well,
maybe it's time to give yourself a break and your
business a bit of a boost with taxi now. Taxi
is the funding solution that lets you use your provisional
tax payments to secure funding for your business. So built

(01:26:38):
by accountants and tax special is super flexible and significantly
more affordable to when it comes to a loan from
a bank. In fact, taxi funding is about half the
cost of a typical big bank overdraft and at just
five point nine percent per annum, are you likely going
to be saving a whack on the old business loans.
So there's no personal guarantees needed, doesn't impact other leaning arrangements,
means you can get the funding you need to make
improvements to your business in the year ahead. So maybe

(01:27:00):
you'll even be able to relax over your summer break
knowing that you've got a source of business funding available.
So for business purposes only teas and season fees apply.
Lending criteria applies, of course, but pay your provisional via
taxi before jan fifteen at go Taxi dot co dot Nz.
You got to go taxi dot co dot en z
pasking I know that slipknot are coming. I love Slipknot.

(01:27:25):
They're at March eleven Spark Arena, Mike Wire add three
and a half thousand dollars for any New Zealand fair
from somewhere if you're not in Auckland, Mike, we're flat
out with stone fruit. We desperately need forklift drivers still, Really,
I mean is it that?

Speaker 23 (01:27:41):
I mean?

Speaker 2 (01:27:41):
Isn't forklift driving one of the great fun things of
the world. Five minutes away from nine.

Speaker 11 (01:27:47):
Trending now quin Chemist Warehouse, the home of big brand Ftalmens.

Speaker 2 (01:27:51):
Right Washington Football News meeting with the US Committee on
Energy and Natural Resources, it was voted that the RFK
Stadium would be transferred into ownership by the district, meaning
they can get a new stadium. Also, it's being confirmed
that Roger Goodle, who's the ogadill, who's the NFL commission
to amit with the command designers, there's the Washington commanders
of the team and the lawmakers to make some changes.

(01:28:14):
They're not bringing back the Ridskins. They're not going to
be called the Washington Redskins, because that apparently is racist.
But the logo of the Indian head will almost certainly
be coming back. This is Steve Daines.

Speaker 15 (01:28:25):
This is honoring a Blackfeet chief who was born in Montana.
He's highly esteemed the Blackfeet Tribe of Montana. They're current chairman,
and the tribal council signed a letter in strong support
to bring the logo back. It honors Indian country. So
we've had good discussions with the NFL and with the commanders.
There's good faith and negotiations going forward. It's going to

(01:28:48):
allow this logo to be used again. Perhaps revenue is
going to a foundation that could help Native Americans and
sports and so forth. We're making good progress and based
on the good faith negotiations, I made this support this
bill yesterday in the committee.

Speaker 2 (01:29:03):
It's a fantastic logo if you've never seen it, and
it's certainly better than the doub that they have on
the side of their heads at the moment. And they're
a very good team at the moment. They're one of
the great comeback stories of the NFL season of twenty
twenty four. I'm glad I got that year right. I
said to Steve, I'd see him in twenty twenty six,
which technically is true, but I'll also see him for
quite a bit of twenty twenty five, as well, so

(01:29:25):
you can see how the range done. Getting anyway back tomorrow.

Speaker 1 (01:29:28):
Happy Days Pickable for more from the Mic Asking Breakfast,
listen live to news talks. It'd be from six am weekdays,
or follow the podcast on iHeartRadio

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