Full Show Podcast: 21 November 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Setting the news agenda and digging into the issues. The
Mike Hosking Breakfast with Bailey's real Estate, your local experts
across residential, commercial, and rural news togs had been what.

Speaker 2 (00:12):
You're welcome today? Word with a new police commissioner, new
laws around sexual assault crimes, new insight and how many
drugs were taking, new plan for kids and poverty. Jamie
Oliver might have a new recipe to tries with us
after right, Joe is in Italy? Rod does the booz
from the UK poscart's get into Thursday seven past six.
In fact, welcome to a whole new world. Gang patches
are gone, also says the law. The law also says

(00:34):
you can't text in the car, So let's see how
it unfolds. Like all these sort of things, there's been
a lot of weird debate around the edges. What constitutes
a patch? What about gathering in public? If there's an
odd example to be profit or a long, long long
bow to be drawn, you can count on a small
group of New Zealanders to do it. The main point
of what this government is and has done around gangs

(00:55):
and crime in general mayhem is get tougher and when
governments do things they say that don't get nearly as
much credit as governments who don't do what they say
get approbrium. As the Police Minister told us this week,
he doesn't get asked anymore if he's going to resign
because the person who does the asking knows full well
they don't have a leak to stand on. Mark Mitchell
has set out and continues to deliver what he said
he would, and gang patches and gang crackdown laws were

(01:16):
part of that, as those who argue against such measures
fail to see, it's not the specifics account, it's not
the nitty gritty, it's the big picture. It's the big message.
It's the top down attitude. The reason gangs like gram raids,
like walking out of supermarkets with a dozen beer in
a side of lamb became a thing is because the
low lifeers have one skill in common, the ability to
become emboldened at rapid pace. If they think they can

(01:38):
get away with it, they will and they did. But
equally they have the wherewithal to see when the game
is up. Essentially, they're lazy. If they can, they will.
If it's a bit tricky, they can't be bothered. The
tide has been turned, and if hasn't been turned, it's
most definitely turning. And it's only in this new light,
new reprieve and sense of relief do a lot of
us realize just how shockingly and unforgivingly bad it had

(02:00):
become emboldened by a government that sided with criminals before
they sided with us. New day, new law. The adults
thankfully are back and it's working.

Speaker 1 (02:08):
Who news of the world in ninety seconds has.

Speaker 2 (02:13):
Reached the commons. New labor. Government adjusted the spending on defense.

Speaker 3 (02:16):
Our soldiers, sailors, aviators have been stuck with old, outdated
equipment because ministers wouldn't make the difficult decommissioning decisions. As
technology advances at peace, we must move faster towards the future.

Speaker 2 (02:31):
Yeah, essentially what they're doing, they're arguing, they're moving money
towards new equipment and a greater PERCENTAGEOHN defense tories not
buying it. They've killed off northsee oil, undermining our Injy security.

Speaker 4 (02:41):
This week, they're killing off the family farm.

Speaker 2 (02:43):
And threatening our food security.

Speaker 5 (02:45):
Yet today they're scrapping key defense capabilities and weakening our
national security.

Speaker 2 (02:51):
Meantime, the Americans have given the go ahead for Ukraine
to use land mines.

Speaker 6 (02:54):
Because of Russians have been so unsuccessful in the way
that they have been fighting. They've kind of changed their
tactics a bit and they don't lead with their mechanized
forces anymore. They lead with dismounted forces.

Speaker 2 (03:07):
And then in the other war, these security councils dummed
up another ceasefire ideal, but the Americans don't like that.

Speaker 7 (03:12):
We regret that the council could have incorporated compromise language
the UK put forward to bridge the existing gaps and
support these humanitarian steps. With that language, this resolution should
have been adopted.

Speaker 2 (03:27):
As regards to the new US president, they're trying to
work out in Manhattan what to do about that hush
money sentencing.

Speaker 6 (03:32):
Yeah, significant competing constitutional issues the office of the presidency
and all the obligations the come of that.

Speaker 2 (03:43):
And as we told you yesterday, Nadal is saying goodbye
to TENNISUS was after the Divis Cup.

Speaker 8 (03:47):
I just want to be remembered as a good person
and a kid that follow their dreams and achieved more
than what they ever did.

Speaker 2 (03:56):
Finally, Italian authorities have uncovered more than fourteen million dollars
worth about in facts after a couple of entrepreneurs came
across a tomb while excavating. We got some moons, we
got some perfume bottles, we got some skoff.

Speaker 9 (04:08):
Again.

Speaker 2 (04:09):
While they didn't mean to unearthed the hall, they did
decide to post it all on social media as they
wandered aloud about how do we access the black market
to sell it now. This leads to wire taps, near
surveillance drones and eventually arrests after a final selfie with
some of the treasure. There was about to be sold
as News of the World in ninety. By the way,
inflation when a government spends and the cost of power
goes through the roof, guess what you get. You get inflation.

(04:32):
So overnight the read was two point three percent. Everyone
went what one point seven? In September they thought it
might be two point two, came in at two point three,
so not good news. Eleven pass six.

Speaker 1 (04:44):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks be.

Speaker 2 (04:51):
I've got good news from Japan. Exports rose three point
one percent year on year in October. That's reversal of
a one point seven percent fall in September. It beat expectations.
Second largest economy in Asia, of course, so things starting
to pick up their fourteen past six we've been picking
out Andrew Kelleher j my wealth, good morning, very good morning.
My ten dollars here we come.

Speaker 5 (05:13):
We're gonna focus on the positive this morning. But we're
not going to focus on it. We're going to revel
in it. In fact, we might even frolic. I haven't
frolicked for a while, so we're going to frolic because
economic data continues to be a little bit glum, but
some sexors of the economy are going well. So yesterday
we welcomed another positive Global Dairy Trade Auction result. This
has led in the last twenty four hours to upgrades

(05:36):
from several for a couple of economists on the estimate
of the forecast farm gate milk price payout so that
Fonterra supplies received and other words, Mike, they're estimating or
they're suggesting that dairy farmers selling their milk to Fonterra
are going.

Speaker 2 (05:49):
To get more bucks.

Speaker 5 (05:50):
Now we should note that we've been talking for a
while about the composition of bidders at the Global Dairy
Trade Auction, and now that we've had.

Speaker 2 (05:58):
Twenty four hours.

Speaker 5 (05:58):
To look at the numbers, we note that Chinese demand
which was which was weaker while they're back. If we
look at the auction yesterday, they purchased more than half
of the product on offer. So this is a significant
lift from their recent involvement. It seems to be an
element here of restocking of product back into China. Now
this may be related to issues around domestic supply in China,

(06:21):
so it's prompted a couple of the local banks to
upgrade their forecast payout estimate And just a remind of
Fonterra is currently sitting in between nine and ten dollars,
so mid price nine dollars fifty. On top of that,
Farmer's received the dividend and distribution from Fonterra that would
take the total payout to them to ten bucks, which
would be a record. Now Westpac yesterday have lifted their

(06:41):
estimate to ten dollars for the payout, so you get
the distribution on top of that, and they see potential
upside as well. Now, while that would be a new record,
but we do have to that's not inflation, just to Mike,
so we do have to think about inflation because that's
lifted their costs. We just note and remind listeners out
there in New Zealand recently suggested a break even at

(07:02):
eight dollars fifteen gives you an idea of the margin.

Speaker 2 (07:05):
If you're getting over ten.

Speaker 5 (07:06):
Bucks, I would say you'd have to assume this considerable variation.

Speaker 2 (07:10):
At an individual farm level.

Speaker 5 (07:11):
You got things like the level of debt sitting on
the farm, which would make that materially change. But Westpac
quote a number of an extra three and a half
billion dollars into the rural economy compared to last year.
So that's good for farmers, good for the community, good
for New Zealand. ASP raised their estimate as well, so
positive stuff might.

Speaker 2 (07:28):
Revel in that exactly our best headline of the week
so far. In Vidia earnings are more important to the
market than the Fed and jobs data. It's bigger than
ben her.

Speaker 5 (07:41):
I mean, we're all sitting around now waiting for a
quarterly results from Nvidia. A couple of years ago, Mike,
I suspect few people would have even recognized the company.

Speaker 2 (07:49):
Not so now, and.

Speaker 5 (07:51):
So the release of their results is being seen as
the grand finale of US the US earning season. It's
out at twenty plus ten this morning. I think they
are now the world's most valuable company by market capitalization.

Speaker 2 (08:03):
Will put it in New.

Speaker 5 (08:04):
Zealand dollars because it makes the number bigger six point
one trillion New Zealand dollars. A year to date, the
share price is up almost two hundred percent. The thing
is about this result I think could sort of set
the tone for the US market run up into Christmas.
So we will either get a continuation of the Trump
bumper Santa Claus rally, will get a Santa Claus slump

(08:24):
if the result is material away from US expectations, And
of course the US market tends to drive what's happening
in other share markets, so we're sort of going to
be focusing in the result on sales of their new chip,
this Blackwell GB two hundred GPU that will now start
to increasingly feature in their sales revenue. They've spent billions
of dollars developing this product. Demand has been described as

(08:48):
insane by their leavel jacket wearing boss, Jensen Huan. They've
had there's been some problems with it though, have been
reported over heating. They've had to deal with that look
Bloomberg consensus estimate is for thirty three and a course
or a billion dollars worth of revenue for the quarter.
There'll be plenty of focus on the outlook comments as well,
because in the fourth quarter that revenue is expected to
lift to thirty seven point one one hundred and twenty

(09:10):
seven billion dollars revenue expected for the whole year.

Speaker 2 (09:13):
We'll report back tomorrow morning, Marc.

Speaker 5 (09:14):
But yeah, the market's on ten to hawk, shall we say.

Speaker 2 (09:17):
Very good with springing the market. One are the numbers.

Speaker 5 (09:20):
The US markets are just a little bit soft leading
into this announcement. Actually, the Dow Jones is down one
hundred and five points, about a quarter of a percent
forty three thousand, one hundred and sixty five at the moment,
The S and P five hundred down point four of
percent five eight nine three, and the NASAQ is down
point seven percent one hundred and thirty two points eighteen thousand,
eight hundred and fifty five.

Speaker 2 (09:42):
Overnight.

Speaker 5 (09:42):
The FORTS one hundred lost fourteen points, not much eight
to eight five. The Niket lost point one six thirty
eight thousand, three hundred.

Speaker 2 (09:49):
And fifty two.

Speaker 5 (09:51):
The Shanghai Composite gained two thirds of percent three three
six eight. The oscillation markets yesterday were weaker the A
six two hundred foul point five seve percent eight three
two six and on the local market the insects fifty
feirus seventy nine points points sixty two percent, twelve thousand,
seven hundred and thirty seven Kimi dollar point five eight
seven two on the wholesale markets against the US points

(10:14):
nine oh four to two against the AUSSI dollar point
five five seven nine, Euro point four six four five
pounds ninety one point twenty five Japanese yen gold two thousand,
six hundred and fifty dollars and Brent Grooved edged up
a little bit seventy three dollars and eighteen cents.

Speaker 2 (10:28):
See tomorrow make Andrew Kelleher Jomiwealth dot Co dot m
Z must getting bows. You will know if you're into
sound bows caught. They've gone and purchase probably one of
the most interesting acquisitions all the week. Bos have gone
and purchased a company called the Macintosh Group. Now, the
Macintosh Group earned a high end luxury and they've been
making amplifiers since nineteen forty nine. But they've also as
part of the deal because Macintosh own a company called

(10:49):
Sonus Faber. Sona's father would make beautiful speakers. Bows by
the way, is privately held, so we've got no idea.
You know that she has and all that to us. Anyway,
they make about three billion dollars, so there's big money
in high end sound. They got about three thousand people
employed around the world. So I got fascinated in the
Sona's Faber thing. Now these are the old days, with
these massive speakers, the beautifully hand made their wooden. You

(11:10):
park them in a big lounge and they got those
big thick cables coming out at the back of them,
and you got your turntable and you buy your fabulously
expensive Macintosh jamp Anyway, do you know you can spend
and this blew my mind. You can spend for a
pair of speakers two hundred thousand dollars just for speakers. Incredible.
I six twenty one. You gotta getick.

Speaker 1 (11:38):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (11:43):
It'd be Mike. I bought several hundred video shares a
few years back on a Happy camp at World on
newcath Speaking of money, are Nadal, N's second in terms
of lifetime career earnings. It's interesting ten through one sits
a Pass. Some of these people are relatively current and
therefore us still making money. But I don't know what
your view of how much money is supposed to be

(12:04):
made at the top end of tennis, but I was
surprised at how low it was, and there are it's
a massive jump. So sits a Pass at thirty two
million is the tenth biggest earner in tennis. El Karaz
at thirty six million, were Rinker at thirty seven. Sampress
only ever made forty three million dollars in his entire career.
This is one of the most six you would argue,
surely one of the most successful people ever. Sampras's forty

(12:27):
three million dollars, you jump up to Murray sixty four
million dollars. Then you got the top three. The top
three Effederer one thirty, Nadal one thirty four. This is
all American dollars, of course, and the biggest is Djokovic,
who's still going at one eight five. So the top
three Djokovic, Nadal, Federer in excess of one hundred million.
The rest are also rents so when you went a
lot six twenty.

Speaker 1 (12:48):
Five trending now with the MS warehouse, the real house
of fregrances.

Speaker 2 (12:53):
Take into account sponsorship of course. Now the government talk
back radio they're keeping the UK farmer's inheritance scrap rolling.
So we've got the house overnight Angela Rayner who's filling
in for Kias at the G twenty I'll come back
to that anyway. Refuse to rule out more hikes and
an inheritance text. Let's set off a whole new ways
of social media activity. Then you got the callers to
lb CE mate Nick Ferrari's the Breakfast Toast on lb C.
Of course, Charlie is going viral for his exchange with

(13:17):
James O'Brien. James comes on after Nick. This has been
going for eight minutes before this. How can you possibly
be arguing, Charlie, Charlie, my.

Speaker 10 (13:26):
House is protected when a farmer inherits his farm risk.

Speaker 2 (13:31):
Why don't you sell some stuff like what?

Speaker 10 (13:34):
James?

Speaker 2 (13:34):
Well, some of you, some of your land?

Speaker 10 (13:37):
Who's going to buy it? I don't know.

Speaker 2 (13:39):
Lots of people are trying to buy a language, but
what do you want a name not going to buy
John John's gonna buy it, John John is no, John.

Speaker 6 (13:48):
Is going to buy it.

Speaker 10 (13:49):
John's going to build panels on.

Speaker 2 (13:50):
It, Johnjohn.

Speaker 1 (13:51):
I don't know what he's going to do with it,
but he's going to ask me who was going to
buy it, which you don't recognize shouting at.

Speaker 11 (13:56):
Me again we've had the offer for wind there you go.

Speaker 2 (13:59):
What are you complaining about because we don't want to
concrete over the land.

Speaker 9 (14:03):
I know you're a towny.

Speaker 10 (14:04):
I know you're happy living in your liberal elite world
of London. The countryside is the countryside. It's where our
food comes from, James.

Speaker 2 (14:12):
So you've been forgotten that. Well you need to have forgotten,
have you, James, Charlie, you can't st there.

Speaker 6 (14:17):
Okay, mate, I'm going to have you an idiot.

Speaker 10 (14:21):
Okay, you're a lappy, liberal, woke idiot.

Speaker 2 (14:23):
Okay, Charlie. It didn't end there. Actually, it went on
and on and on and on G twenty. By the way,
I referenced that a moment ago where starmar is worst headline,
worst G twenty in years, ends with whimper as host
Cancel's final press conference. That's the state of the world
at the moment, of course, and then we've got. That's
before you get to Cop twenty ninety. You notice you've
had no coverage of Cop twenty nine this week. It

(14:44):
ends tomorrow, and normally we're up to the business of
the last minute frenzy of death defying acts of will
we won't we? Will we won't we. They can't even
be bothered doing that. That's how bad the world is
right now. And that's before we get to road cones,
which are next.

Speaker 1 (15:01):
You're trusted home for News for Entertainment's opinion and like
the my Hosking Breakfast with Veda, Retirement Communities, Life Your
Way News togsdv Ford.

Speaker 2 (15:11):
Not a good day for them in Europe Global Company
Obviously they're cutting fourteen percent of the European jobs, so
that's thousands of people. Now why would they be doing that,
In fact for four thousand jobs, mainly in Germany and
the United Kingdom. Some rising competition, so they're not able
to compete. More importantly, week demand for electric vehicles. Who
would have seen that coming? Joe's and Italy twenty three
to seven.

Speaker 7 (15:29):
A long line.

Speaker 2 (15:31):
They had some regional elections in which the Maloney camp
have suffered some setbacks, so we get the details on
that for you shortly meantime back here is there as
much talk about road cones as there are road cones.
New number yesterday from the minister who promised, of course,
to do something about road cones. Simeon Brown told us
the traffic management costs is three hundred and three quarters
of a billion, seven hundred and fifty million dollars, three

(15:52):
quarters of a billion dollars and that number is one
eye watering and two doesn't include the local council expenditure.
He claims changes underway now. Traffic Direct General Manager Dev
stroussers with us on all of this dead morning morning, Mike,
is change underway.

Speaker 11 (16:09):
I would be able to say, and other parts of
the industry, yes, I do believe that, but it just
doesn't happened, just like that be fear common to say,
why not well with the new rollout with the industry
code practices. It takes a bit of fine tuning to

(16:31):
be able to redevelop and retrain everybody what they've held
for the last ten plus fourteen years, some that have
been in the industry for so long.

Speaker 2 (16:40):
Is it a recipe in other words of your like
my big experiences on off ramps on motorways coming to
work at two thirty in the morning. Is there a recipe?
Is you want to close an off ramp and you've
got to lay up eighty seven cones and a truck
to block the off ramp? Is that how you do it?
Or you make it up?

Speaker 10 (16:57):
Well?

Speaker 2 (16:57):
How does it work? Not?

Speaker 11 (17:00):
These the diagrams are set out by by each Road
Corridor Authority or r c A, and this instance being
an orphant, and there is a what we some partners
are still using the Comptum Code of Practice Traffic Management

(17:21):
menu and that's derived and brought about by the then
nz TA, which sort of sets out how something should
be implemented.

Speaker 2 (17:34):
Have they changed anything? Are you getting the word from
the nz TA that Simeon's in town and he's shaking
things up and we're using fewer cones that we're getting
on with life or is that not filtered through yet?

Speaker 11 (17:46):
I have heard through the Great Mind that there are
some changes coming. It's to be honest, it's a matter
of when they intend to adopt that process.

Speaker 2 (17:56):
So simply we're waiting for the official word. And when
the official word comes through, Yuell that here to it
and life will be different.

Speaker 11 (18:03):
Pretty much. That's the way forward.

Speaker 2 (18:05):
Good stuff. Dev. I'm glad we got there on the
n Dev Strauss. It's not Dev's fault at Siman's. I'm
increasingly of the view that people like Simeon are really
good at making announcements and not good at action. And
there's a very very very good piece of work in
the Herald this morning by a guy called Robert McCullough.
I'll work you through who he is that he basically

(18:26):
says the same thing about Nikola Willis, but that's for later.
Twenty minutes away from SEVENS guest to give you the
vibe on what's happening in Britain overnight with the Depending
on who you're listening to, it's a defense cut, it's not.
They're taking or decommissioning, increasing their decommissioning on the old junkers,
and they're shuffling that money forwards into new material because
they're starting to sweat a little bit about the war
and they're trying to get the expenditure up to two

(18:47):
and a half percent of GDP, which they haven't been doing.
And that's the old NATO thing, and that brings in
Trump blah blah, blah. So anyway, that's the announcement overnight.
The significant thing have you not up on this is
the storm Shadow missiles, which of course are a lot
better name to missile than attacks attackams. So the storm
Shadows have been fired for the first time, allegedly twelve
of them. They're British. They cost one and a half

(19:09):
million dollars a pop, so they're expensive. So they run
a GPS technology system that means they can one precisely
blast what they're supposed to blast. They're whipping through the
air at a thousand k's and they can dodge the
other guys, so they're quite sophisticated. But nevertheless, what we're
building up to here is an increasing amount of angst
as to where this whole thing goes.

Speaker 1 (19:30):
Nineteen to two The Mic Hosking Breakfast Full Show podcast
on iHeartRadio powered by newstalksp.

Speaker 2 (19:38):
Welling Mike, good luck to assuming and getting any changes
through the woke works at NZTA. Remember this is the
department that brought you low as speed limits, reduced passing
lanes and wires, wire barriers, bread. I get your point.
But the public service, which is what they are, is
supposed to be neutral and follow instruction from the minister,
so it shouldn't be as hard as it appears to be.
By the way, speaking of the war and Anks, the
US has closed its embassy in Kiev. They've received a

(20:01):
specific information of a potential significant air attack, so we
watch them wait.

Speaker 12 (20:06):
Sixteen two International correspondence with ends and eye Insurance. Peace
of mind for New Zealand business.

Speaker 2 (20:12):
Apart from Europe and Italy, John the Penna morning to you.

Speaker 13 (20:15):
Good morning, Mike.

Speaker 2 (20:16):
So regional elections, where were they and how bad was
it for Maloney?

Speaker 13 (20:22):
Well, these elections were in central Italy, in the regions
of Umbria and Emilia, Romagna, Georgia. Maloney did suffer an
electoral setback. The areas here have generally been a center
left stronghold. But it's still a victory for the opposition
Democratic Party and its allies. And I think Maloney is

(20:43):
also starting to do a little bit of soul searching
about why this happened.

Speaker 2 (20:46):
Interesting speaking of Romania, and I don't want to lighten
this too much, but are you up on the palmer
Han problems. They've got palmer Han problems and the pigs
are getting diseases and so there's going to be along
with the coco and the coffee and the chocolate all
over the world, going to be a Palmeham shortage.

Speaker 13 (21:02):
Well, there was some talk about some diseases I think
earlier in the year, and it will be very significant
if it strikes that area because they've also had earthquakes
and floods in that region. So what is normally a
very strong economic center for Italy has been dealing with
some really big setbacks in the last few years.

Speaker 2 (21:20):
We're speaking of the economics twenty five budget. How did
it go down? Not too well.

Speaker 13 (21:24):
We're seeing some protests in various sectors today. Interestingly, Italian
doctors and nurses went on a nationwide strike which drew
about eighty five percent support. They are saying that not
enough money is being allocated for healthcare, which of course
is ballooning in this country because we have so many
elderly people, and they're saying that the unions are saying

(21:46):
that they just are insufficient resources to pay staff and
keep the system functioning.

Speaker 2 (21:51):
Does everyone want more spent on everything?

Speaker 13 (21:54):
Look, I think they do, but I see a system
that is in need of certainly improved infrastructure. Compared to
some of the hospitals that you would see in your country.
This system looks very run down, and waiting lists are
of course a big problem in a public system.

Speaker 2 (22:10):
Does everyone or a lot of people have private insurance?
And does private insurance work? And can you get access
and all that sort of stuff for them?

Speaker 13 (22:17):
Private insurance is quite rare. Actually most people go through
the public system.

Speaker 2 (22:21):
Interesting, Palermo, take me there, building site, what's going on?

Speaker 13 (22:26):
Wow? So this sounds like a scene from the first
Godfather movie that people might remember from nineteen seventy two.
A severed horses head was sent to the property of
a Sicilian businessman, like that grizzly scene in the film.
He's a building contractor and I think he's made some

(22:46):
enemies who don't really like what he's doing or want
to influence where he goes next with his business. They
also send him a dead pregnant cow. So the police
are intervening in. Politicians are surprised.

Speaker 2 (23:01):
No kidding, now, Glady eight or two? Is that a smash?

Speaker 14 (23:07):
It's looking like a smash.

Speaker 2 (23:08):
I have to say.

Speaker 13 (23:09):
I raced out to see it on Saturday and the
theater was full. It was in original language, but in
Italy we will be seeing it dubbed and in the
original language, and it is causing a bit of a storm.
I even heard that Russell Crowe had passed through recently
for promotions, even though he's on a unit for three seconds,
you know, because he got killed, as.

Speaker 2 (23:29):
We know in exactly. Hey, listen, I was watching Do
you know the name Richard Quest, the guy at CNN.

Speaker 9 (23:35):
Yes?

Speaker 2 (23:36):
Anyway, So anyway, Richard does the show called Quest's World
of Wonder And the other day he went to that
hotel from the television program I can't remember that. It's
down and down in Sicily. That became super nice, right, Yes,
he was at that hotel. Now, I'd read about that
hotel and you can't get in for love nor money.
The cost of a rumor is through the roof, and

(23:56):
it's just packed, and it's a desire. He was there
by himself, and he's filming there basically by himself, and
there's very few people around. Can you go to that
part of the world at a time of the year
where you can swim in the pool reasonably, comfortably and quietly?
Or is he is that just a big setup? Because
I would love to go.

Speaker 13 (24:14):
I think it's worth a look. I knew someone who
zipped down there to have a look at that hotel
immediately after the White Loaders series exited, and she said,
the hotel rooms are pretty ordinary. They're not that great,
but they were super expensive. And Tarmina, that town where
it was shot, was always very, very popular, even before

(24:34):
the series. And I've been avoiding it because I just
thought it must be off the radar by now. But
maybe we need to investigate that.

Speaker 2 (24:40):
Maybe we need to investigate that because I think because
it looks I mean, it's on a cliff and it's
a beautiful view and it's a fabulous part of the world,
but I just don't want to hang out with a
large number of people.

Speaker 13 (24:49):
Yeah, well, I think that's getting harder and harder, as
we've talked about in Italy all the time.

Speaker 2 (24:54):
Anyway, nice to talk to you. It's another one about
crazy old rambles. But that how goes Joe mckenner in Italy.
By the way, speaking of movies, the BBC, which you've
got to believe when it comes to movie reviews, wicked.
This drawn out and self important film proves the musical
didn't need to be split into two parts. So that's
the end of that for me turn away from seven the.

Speaker 1 (25:16):
Myke hosting Brakfast with al Vida Retirement Communities newsab.

Speaker 2 (25:20):
Like I was in Taramna last month for a week.
Beautiful city but as you thought, very populated with tourists. Mark, Yeah, no,
if you watch quests programming, he was in the pull
law by himself. He probably arranged that. S like he
is Mike talking about defense? Where's our defense capability review?
Excellent question, Richard supposed to be out in March then
October November's closing out still not made public. We'll ask

(25:43):
the Prime Minister on Tuesday, Sammy note that down question
for the Prime Minister on Tuesday. Where's our defense review?

Speaker 10 (25:49):
Now?

Speaker 2 (25:50):
A little bit disappointing this morning, but you'll be aware
of you're in the business of immigration and visas. One,
we're not very good at it to no one wants
to come to the country anyway. And three they put
up the fee announcement this morning for you from the
Acting Deputy Chief Operating Officer of Immigration Jock. Jock says
the new visa application fees have reduced taxpayer costs associated

(26:11):
with the immigration system. Why is he telling us this
because unfortunately, when they put the fees up, and they
put them up a lot. Cost of an accredited employer
work Visa has more than doubled from seven to fifty
to fifteen hundred and forty dollars, and that happened last month.
So you would think, oh, yep, nap spres the place
up and get the service going. He goes no immigration.
New Zealand are telling us businesses and migrants should not

(26:32):
expect better services following the hike and fees. Do not
expect them. This is before we get to the power business,
which I'll come to before seven thirty. But if you
thought you're going to get better service, m m all
that's happened is that they're paying more of the overarching
bill as opposed to the taxpayer. So soz about it.
Six away from seven all the ins and the ouse.

Speaker 1 (26:52):
It's the fizz with business fiber take your business productivity
to the next level.

Speaker 2 (26:57):
Now, on the subjects of travel, not only are we
still flying flying flash front of the plane, that's growing.
Delta Airlines invested day presentation the day they talked to
forecast revenue growth. They're currently the US's most profitable airline.
Next year, they expect to expand by three to four percent.
They expect to grow adjusted earnings by ten percent, and
they're going to do that per year over the next
three to five years. Since twenty nineteen, they invested heavily

(27:18):
at the high end of it all it's paying off.
Back In twenty ten, revenue from the main cabin was
sixty percent of what they've brought in over the last
fourteen years. That's changed dramatically. Fifty seven percent of their
revenue now is made up from premium seats and the
high end of their loyalty program, compared with just forty
three percent from the main cabin. They also said by
twenty twenty seven, they expect premium seat ticket revenue alone

(27:39):
without the loyalty to exceed coach seat tickets. They also
set back in twenty ten, only twelve percent of their
first class tickets were paid for twelve percent because it
was all upgrades from frequent flyers. These days, seventy percent
of first class seats are actually bought outline the ones
paying more. Gen Zetas millennials, they valued comfort more than
other generations, not just Delta, by the way, American, United,

(28:01):
Jet Blue, They're all flying trying to beat each other,
adding more premium seats and including more of that live
flat stuff. Investors, they love it. I mean, listen to
the numbers. Delta shares are up sixty percent this year.
United are up one hundred and twenty eight percent. I mean,
some of that's to do with any video in the
market generally, but we're still loving flying. And listen to this.
This is the weirdest thing. Speaking of Delta, do you
know what Delta announced yesterday? A dining option. Do you

(28:24):
know what their first class dining option is next year
Shakeshack Burgers a cheeseburger first of its kind partnership long
distance domestic flights beginning December one, Alaskan Airlines created a
hot coffee that tastes better in the skies. United have
got coffee, cold coffee brew from itly. But you get

(28:44):
a cheeseburger on Delta. So you pay a fortune to
fly across America. And I've paid a fortune to fly
across America, and if they'd serve me a cheeseburger, I
would have had something to say about it. You don't
get any chips because they can't cook chips properly on
a plane, but you do get peckles and you do
get lettus. They're on the side, and you get the
shit a sauce that's on the side as well, and
you do you get a small caesar with it and

(29:06):
a chocolate brownie reminiscent of Shake Attack flavors from some
of the brand's dessert offerings. It's a cheeseburger in first class,
really first class, honestly.

Speaker 15 (29:18):
Because it is this part of the the new to
the regime. Now that Donald Trump is going.

Speaker 2 (29:22):
To be president, it would be that, actually it could
be it could be burgers and I want a Trump
esque type move. Richard Chambers. Now he's your new police commissioner.
Is he going to be any good? What's the cut
of his? Dub? Will ask some questions for you, and
then Jamie Oliver is with us after eight o'clock this
morning here on the my asking bos today. Oh aren't

(29:46):
you I need you Olga need It is beautiful.

Speaker 1 (29:53):
These are hoog.

Speaker 2 (29:57):
The newspakers and.

Speaker 1 (29:58):
The personalities of the big day talk to like breakfast
with the Range rovervill are designed to intrigue and use togs.

Speaker 2 (30:07):
That'd be well seven past seven. So we've got our
new police Commissioner, Richard Chambers takes over from Andrew Costa,
acopper since nineteen ninety sixty, starts his first five year
term on Monday, and Richard Chambers is with us A
very good morning to you.

Speaker 9 (30:19):
Good morning Mike, and thanks for the opportunity to chat this.

Speaker 2 (30:22):
Morning, not at all in congratulations. Did you join the
police in ninety six with a view to becoming higher up?

Speaker 16 (30:29):
No?

Speaker 9 (30:29):
I didn't, actually, Mike. I joined because I just wanted
to be a good frontline copper and I love my
time on the front line and that's why I'm still
really focused on, you know, what happens across our country
every day and every night by our wonderful frontline staff.

Speaker 2 (30:43):
How would you describe the current state of the police
force in this country?

Speaker 12 (30:47):
Oh?

Speaker 9 (30:47):
Look, I mean, you know, policing is a fascinating career
which changes the variety the opportunities that we get. You know,
it's a great career and you know we've had our challengers.
You've got to remember that the men and women of
New Zealand police are normal people just like me, Mum's dads,
sons and daughters. And you know, policing is tough, It's

(31:09):
really tough where human beings do doing our best and
we're adapting to changes, you know, and expectations of public.
So you know, it's a great occupation, great career, and
we're a bunch of fine people doing God's work and
it's great to be a part of the police.

Speaker 2 (31:28):
Are you cognizant that you joined at a time I
was looking at a list of previous police commissioners. I
think most New Zealanders could name Costa, probably most would
name Bush. Before that I'd start to struggle. And I've
been in the media for forty years. You're joining it
at a time when the police commissioner is a household name.
Is that good and does it worry you?

Speaker 9 (31:49):
Well? It's an important, important role, Mike. We all understand that,
you know, public safety and security. There are issues that
are critically important to all New Zealanders, So of course
it's a high profile role. You know, my frontline staff,
they are the heart and soul of policing in New
Zealand and that's why my job is to ensure that
they are well supported. So it's good to see that.

(32:12):
You know, New Zealanders take policing and their safety and
their security seriously. So we've got a big job to do,
and it's an absolute privilege for me to leave you organization.

Speaker 2 (32:23):
And do you have enough resource to do that job? Oh?

Speaker 9 (32:26):
Look, we have fifteen thousand incredible staff across the country
and off shore, and we will do our absolute best
with the resources that we have. And I'm confident that
we're going to make a real positive difference over the
next few years.

Speaker 2 (32:39):
And although you don't officially start until Monday, you join
us this morning. Of course. With the new gang laws,
are they good laws?

Speaker 9 (32:45):
Well, I mean three minutes past midnight last night, my
staff and Hastings stopped the vehicle an individual disclaying Gang
Sydney Insignia in a public place and they're now facing
prosecution for that, So you know, I mean we work
with the laws. Our job was law enforcement, and my
staff will adapt and do a marvelous job. We won't

(33:06):
always get it right. They might, you know, sometimes we
make mistakes. That's why I say with human beings, but
so long as we approach the work that we do
with a learning mindset and wanting to be better than
you know, we're in a good position to adapt to
any challenge.

Speaker 2 (33:20):
And did that situation at three minutes past midnight go down. Well,
did it or was there some ankst around it?

Speaker 16 (33:26):
No?

Speaker 9 (33:26):
No, My staff did a marvelous job dealt with it
incredibly professionally. The person that we were interacting with was
respectful to the police staff. So I'm happy with how
that went, and I suspect there'll be more such interactions
to come.

Speaker 2 (33:43):
We'll talk over the next five years. Appreciate your time.
Go well, Richard Chambers, the new police Commissioner. Eleven minutes
past seven. As related matters, we have this morning two
major changes potentially to name suppression laws. The first would
waive the right to permanent name suppression for convicted at
all defenders. Second would ensure also by is of sexual
crimes are granted automatic suppression. Now the Justice Minist's in
charge of this and Paul Goldsmith's with us. Good morning,

(34:06):
Good morning mate. Are there gaps in the law? Well, look,
the primary.

Speaker 8 (34:11):
Issue is that you have people who are convicted of
sexual crimes rape and have been convicted and they can
still get permanent name suppression. And that's a massive issue,
particularly for the victims. They can't really talk about what
happened to them, they can't warn others, and so website
look You only get permanent name suppression if you're a

(34:33):
convicted sex offender if the victim agrees, and if the
victim doesn't agree.

Speaker 10 (34:37):
We're tough luck.

Speaker 8 (34:37):
You're not going to get it, and you should own
up for your crimes.

Speaker 2 (34:40):
And when we talk about the views of the victim
taken into account, how real versus how sympathetic is that?

Speaker 8 (34:48):
Well, that's the current law that the views of the
victim are taken into account. And you know, frankly, sometimes
it doesn't get very far, and the person who's being
convicted as guilty of these sexual crimes remains, continues to
have their name suppressed forever, and they have huge, long
court battles over it. It retramastises the victims in that process,

(35:11):
and you know, I just the fundamentally don't agree with that,
because you can't how do you warn other victims. And
our focus in government, of course, is to reduce the
number of victims of violent and sexual offending. And the
best place to start, of course, is to deal with
the people who are doing it most often, such as
gang members and all those sorts of things. But also
when you've been a convicted sex offender, well there's a

(35:33):
real risk that you continue and do that elsewhere, and
so they've got they've got to own up to their
crimes so that the community knows who they're dealing with.

Speaker 2 (35:39):
You've got the numbers obviously, so this is a pay
to complete. What's the timeline on.

Speaker 8 (35:43):
It, Well, there's a current piece of legislation which had
been going through the House and I'm making an amendment
to that.

Speaker 10 (35:50):
So we'll introduce that.

Speaker 8 (35:52):
We'll send it off to a SLEEC committee for a
short period and then pass it pretty quickly.

Speaker 2 (35:55):
Appreciate your time. Paul Goldsmith, the Justice Minister with us
thirteen minutes past seven. We popped into the White Lotus
Hotel in Sicily a month ago, fairly quiet. We had
a lovely lunch in the restaurant overlooking the stunning coastline,
beautiful hotel, to only a couple of people by the Paul, Well,
I reckon say for you a month ago? What are
you talking? September October? There we go, by the way,
Are you surprised like I was? Yesterday? We new Zealand

(36:16):
have designated Hebela a terrorist entity, as though that's something
we've been thinking about for a very long period of time.
They've also we slapped a similar designation on the Hooties.
The hooties of the people jumping on ships and the
channel and stopping all the ships going through and supplying
us with goods and services, the Palestinian Solidarity Network are

(36:36):
ter roa. The move was wrong at every level because
the two groups were only trying to stop what was
happening in Gaza. Really is that what they're trying to do?
But my question being does it surprise you that we
hadn't previously seen his Bala as a terrorist entity? How
has it taken us till twenty twenty four to work
that out? Fourteen parts.

Speaker 1 (36:58):
The like asking Breakfast All Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (37:03):
At b Jamie Oliver after sixteen past seven, So where
are we at with our drug use? The annual Mass
University Trend Survey out this morning. Meth is getting cheaper,
access to cocaine easier, its users increasing too. We've also
got to change in the use of tobacco, cannabis and psychedelics.
Massy University drug researcher Chris Wilkins with US Morning, Good morning.
Are we a drug eduled nation?

Speaker 9 (37:25):
I think we're part of a global drug system that's
changed quite a bit in the last few years. So
now we've got increasingly more synthetic drugs and so we've
got digital markets as social media, encrypted apps and darknets.

Speaker 2 (37:44):
Wow, the stuff that you produce, the detail you produce,
how accurate is it?

Speaker 9 (37:49):
Well, what we do is we it's a convenience survey,
but we talked to ten thousand current drug users in
New Zealand, so it's basically we also look at our
results and compare them to other researcher's going on, other
data that's going on, so like wastwater testing, police seizures
and police operations, and we often find very consistent resorts

(38:13):
or results compared to those data sources.

Speaker 2 (38:16):
How much is driven by price.

Speaker 9 (38:20):
Prices? Well, drugs are just like any other commodity for
prices of course key and that's part of one of
the indicators that we collect with the survey. And what
we've found is a declining price over the last since
twenty seventeen. So one of the key findings this year
was that the price of methamphetamin's actually declined thirty five

(38:41):
percent since twenty seventeen. And of course we're all going
through the cost of living crisis where with prices go up,
but it seems in the legal economy the cost of
drugs just get cheaper.

Speaker 2 (38:54):
Well at least it's not inflationary. I suppose that's encouraging.
Do you get depressed by this when you see this
sort of stuff, Well.

Speaker 9 (39:00):
As I said, it's well, it's really interesting for us
in a kind of academic way because you know, as
I said, we've had this cross the looms that we're
expecting prices to go up, But this is really some
really global drives about drug use, as I said, synthetic
drugs versus plant paid drugs, which additionally used to And
also if you're from my generation, you kind of think

(39:22):
about place baked drug markets where you meet someone in person,
you exchange the drugs you know, you only know the
people you know. But increasingly young people have a digital
drug market where they're open to all types of offers
for drugs and different prices and markets, and a lot
of those apps are encrypted, so it's just a different

(39:42):
world in terms of how the drug market operates.

Speaker 2 (39:44):
You mentioned the word global. How much of our drug
use is global as and supplied globally versus a bit
of cannabis which has grown up the road.

Speaker 9 (39:52):
Most of it comes from overseas. So one of the
interesting things this year that you might have kind of
heard about in recently is Mexican cartels, which is something
you haven't probably heard about previously. So it's a global market.
So a lot of the methampemine we have traditionally used
has come from Southeast Asia, but Australian police are saying

(40:13):
that seventy percent of the myth they now see is
actually from North America South America, basically Mexican cartels, and
they're essentially just like any other market, they're seen a
market opportunity and they're selling at a cut price.

Speaker 2 (40:29):
So what's happening with there seems to be a tremendous
amount of cocaine about the place.

Speaker 9 (40:34):
That's right. So that was another really surprising finding was
that the level of cocaine use liver or cocaine availability
obviously in Auckland, but also in Northland and they have plenty,
but really all over New Zealand. And this may well
be some overlap with that Mexican cartel, and of course
they're in the cocaine trade, and if they're selling myth

(40:56):
to New Zealand and to Australia. Then cocaine is also
are another thing that's obviously got access to.

Speaker 2 (41:02):
Can you tell how many New Zealanders don't smoke, don't vape,
don't do drugs? Is there anyone left.

Speaker 9 (41:10):
Not with this survey? So we purposely target current drug
users because we want to know about what's happening in
the drug market. So it's not a representative national survey.
But if you go to the Ministry of Health Health Survey,
you'll see you can find out that step.

Speaker 2 (41:26):
Appreciate your time. That is Chris Wilkins out of Massy
seven twenty one.

Speaker 1 (41:31):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Be Well.

Speaker 2 (41:38):
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(42:19):
with heart. SBS Bank twenty four. Ironic that we mentioned
the ComCom yesterday, Commas Commission yesterday, and here we are
indulging in a little bit more of its madness. Lines charges,
the cost of getting power to your house is going
to get more expensive. Your bill will rise for the
next handful of years by up to eighty five dollars
a month, which is over a thousand dollars a year.

(42:39):
Is your power better No? Do you get more power? No,
you just pay more. Why Well, because the Commission decided
they're going to let Transpower and the local lines company
charge more so they can invest in new infrastructure, and
they will be allowed to raise just shy of six
billion dollars. Now here is irony number one. We also
say the commissionnderstand the importance of incentivizing business to invest

(43:02):
and improve and meet consumer demands. What you don't think
that they would charge this and more if they could?
And what incentive? Transpower are a monopoly, they've got no
incentive to improve anything. Irony number two. The six billion
is way more than it should be. What should it be, Mike?
Under three billion? Why? Because fifty five percent work out

(43:23):
fifty five percent of six billion. Fifty five percent is
because of higher inflation and interest rates. Now how do
we get those? Mike? Ah, well, that's right, it's Adrian.
If you want yet another tangible example of how the
labor government and Adrian, or the years of incompetence roll on,
than here you are three billion dollars worth and that

(43:44):
is for nothing other than admin and fees. Stuff that
should not have happened if the approach in COVID hadn't
been as grandiose, wasteful and plane idiotic. More inflation than
we ever needed, leading of course to interest rates, we
shouldn't have had to have to try and bring it
all back down to earth entirely a result of the
COVID approach that crippled the country. Plenty of intangibles and
COVID of course, yes, morals and behavior and mental health

(44:06):
and school attendance, but simple math as well. Fifty five
percent of six billion dollars so we can pay transpower
to do what they should have done anyway. Awesome economics
in an awesome economy. Pasking getting good feedback on the
police commissioner mics and our retired police officer. It was
good to hear such a frontline focused Commissioner. Chambers served

(44:27):
as my district of Tasman. He was highly regarded. Thank
you Mark, new police commissioner sounds like a breath of
fresh air. Yes, police are indeed human beings doing an
increasingly difficult job, and they should have all the equipment
to help them do that as safely as possible, including
body cameras, taseres and side arms. Every police officer should
have a taser as a bare minimum. Myke COREA government
putting the interest of the victim's first, how refreshing. So

(44:50):
that's encouraging. I did go to the website as suggested
by the previous drug researcher, there are fifty thousand coke
users in the country and there's seven hundred thousand plus
cannabis users. The other thing we didn't have time to
cover is there are now officially in his survey, there
are now more vapors than there are smokers. So I
think that just confirms what we had on the program yesterday.

(45:12):
We've traded one problem for another. Jamie Oliver hasn't been
on the program for a handful of years, so we're
looking forward to the catch up. He's with us after eight.
You're on the mic Hosking Breakfast, The.

Speaker 1 (45:25):
Breakfast Show You Can Trust The mic Hosking Breakfast with
Bailey's Real Estate, your local experts across residential, commercial, and
rural news Togsdad be Mike.

Speaker 2 (45:35):
I'm not sure about transpower, but when it comes to
the local lines companies, there's skins, especially the small ones.
The current model doesn't provide them with the sufficient profits
to build new lines and substations. They can only borrow,
which does not cut the mustard. If we want people
to continue receiving power twenty four seven, we need to
build excuse me, new assets. There's no question about that,
and there's been an ongoing debate about transpower and monopoly

(45:56):
and the Commerce Commission. And the problem I have with
the Commerce Mission is they basically make it up as
they go along. I'm not sure there is another way.
But in other words, they've said six billion, you can
raise six billion dollars, you are allowed to increase your
prices by that amount of money. And it's all based
on an argument and how cohesive your argument is when
you go to the Commerce Commission, and I'm just not

(46:17):
sure they're the best people to be doing this anyway, Mike.
The gent tailors have known about the lines company price
rises for two years and put the energy price rises
through preemptively. They will be out in the next two
weeks saying we will not be passing on these increased
line charges to protect households. There's something in that I
just can't help but think, because there's no question the
gent tailors are fantastically profitable, and they'll argue on but

(46:41):
we need to build some windmills, and we need to
give build some solar panels and that, all of which
is true. We understand that. But at the end of
the day, we're paying more and not getting any more,
and that doesn't sit particularly well with me. Twenty two
minutes away from eight a's before we get to the
old Newsy debate, and I noticed with a great deal

(47:01):
of interesting afternoon lads, we're picking up and running with
that one yesterday. So maybe there's life and that whole
debate still to come. Anyway, we've got the Child and
Youth Strategy for the next three years being launched this morning.
Now we've got three priorities here is supporting families in
the first two thousand days, reducing hardship and preventing harm.
So what's all that means our child poverty reduction? Minister
Louise Upston with us, Good morning, Good money, Mike. So

(47:24):
the three priorities you talk of, aren't we already doing this?

Speaker 14 (47:29):
Well?

Speaker 17 (47:29):
What this does is actually allows us to combine our
efforts across government and focus on the things that matter.
If I want to ensure that we're improving the lives
of young New Zealanders, and this is a government that's
committed to delivering, so we'll focus on supporting children and
their families in the first two thousand days. Reducing child
material hardship will be our focus and also preventing harm

(47:52):
against children.

Speaker 2 (47:53):
How much of it's about money and what you literally,
tangibly can do versus about skills, versus about willingness. No
matter what you do, some people can't be helped.

Speaker 17 (48:03):
Well, there's a couple of things in that. The first
is the government needs to focus its efforts. If we
try to attempt too many things, we won't achieve anything.
So what this is doing is bringing a number of
ministers together and government departments and having a plan to
work across departments to get things done and to actually
focus our efforts where it matters the most. We do

(48:25):
know that we have to focus our investment where it
will make the biggest difference, and that's why we've prioritized
these three areas.

Speaker 2 (48:33):
How much of it's your specific area because one of
the things you sprew because tax cuts now, tax cuts
are for most people. It's got nothing to do with
whether a kid does well in the first two thousand days.
How much of what you're doing is specific versus just
generalized government.

Speaker 17 (48:48):
Well, there's what we've selected in the strategy is five
child poverty related indicators. So they're on school achievement, school attendance,
housing affordability, material hardship and the number of children and
benefit dependent households. So they're pretty clear areas of focus

(49:09):
that the government knows we can and will make a difference.
And that's how we improve the lives of the young
New Zealanders.

Speaker 2 (49:15):
Without making it too political. Labor of course, had a
good crack at the old child poverty thing, and we
had a special Minister for that and they, as far
as I can work out, they made next to no
progress at all. Now you could argue that's because they
were useless. Have you tangibly and can you point to
material progress?

Speaker 9 (49:31):
Yes?

Speaker 17 (49:31):
Well, if I look at what we managed to achieve
in the last National government, we lifted fifty six thousand
children out of material hardship. The years of the Labor
government increased it by four than one hundred. That's why
we have set a target for reducing material hardship. We
know what we need to do to do that. It's

(49:53):
around family boost it's around tax relief, helping families out
of emergency housing, all practical, tangible things that we know
will make a difference in the lives of children.

Speaker 2 (50:05):
Will you be able to go to the next election
in twenty six with a campaign that at least in parts,
says here's what we did, here's how it's improved.

Speaker 17 (50:13):
You want more of this absolutely, and that's why we
have simplified it. The Child and Youth Strategy launched today
is much simpler. We've got a clear focus and we've
got a simpler method of measuring whether or not we
have achieved what we set out to achieve. I think
that's what New Zealand is good to seek.

Speaker 2 (50:31):
All right, go well with it, Louise Upston, child Poverty
Reduction Minister. Is that eighteen minutes away from a task
game kind of like action?

Speaker 9 (50:39):
To you?

Speaker 2 (50:39):
Does that sound like more words? And I'll come back
to that. Aforementioned a piece this morning by Robert McCullough
that you must read. It's got more specifically to do
with Nichola Willis, but there's a general theme there. Mike,
excuse me your comment on Adrian or a spot on
what's happened to the much promised COVID inquiry. Haven't heard
anything on its progress? Well you've got to listen a
bit harder, Grant, because it is about the place to
be fair, it's ongoing. There's a two part deal. Part one,

(51:02):
Part two, Part one was previously underway from the other government.
Part number two was Brook van Velden who started a
second one, which was going to look into vaccine efficacy
and all that sort of stuff that's not due out
until early twenty twenty six. And people who ask about
Adrian or Mike. I listened to you regularly and the

(51:23):
common theme across your topics about New Zealand, we're constantly
late to the party. If it isn't immigration, it's not
acknowledging terrorist organizations, and it goes on what's happened to
us being a go ahead, leading the way sort of country.
It's a very good question, and I'll come back to
that in a couple of moments were you're seventeen minutes
away from eight.

Speaker 1 (51:43):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (51:49):
Leadership is the answer to the Texas question leadership. What
has happened to this country? There's a lack of leadership,
and leadership is applicable in all forms of life, whether
you're a coach or a prime minister, or a CEO
or a parent. Leadership is the key if you buy
into leadership, and good leadership makes you believe anything is possible,

(52:09):
and that's what's been missing so badly in this country.
Robert McCullough, who's an academic for one of a better word,
very good piece. Finance Minister Nicola Willis report card. He
writes a report card, and in very simple terms, First,
our economy is stagnat, he points out, ranking near the
bottom of the one hundred and ninety countries that detract. Second,
although inflation is lower, it's been coming down around the

(52:29):
entire world, so you can't claim anything great. Third, Willis
is missing in action when it comes to breaking local
monopoly powers. Fourth, we held out hope that we would
be a drastic reduction in red tape and regulation. However,
David Seymore's Department of Regulation has done next to nothing.
Fifth on taxation, national has no room to move. It's
only tweaked the system, adjusting tax brackets to account for inflation.

(52:50):
Willis has sent no clear message to the markets that
hers as a government of low taxes. Sixth, on healthcare,
Willis pretends that hiring Commissioner Lester Levy's reform. Seventh, the
fiscal deficit will worsen under the current government unless the
economy starts to rapidly pick up eighth housing once the
propaganda script away. Nationals reforms off a less of an
increase in supply and was going to happen under the

(53:11):
bipartisan accord that the party signed up with Labour years ago. Ninth,
Nationals trumpet at fast track approvals is nothing more than
a rejigger the fast track approvals process. Labour an act
to win an office.

Speaker 9 (53:20):
Tenth.

Speaker 2 (53:21):
Although Luxelon has been jumping around the world, the tide
is turning against free trade and globalization. Big deals on
that front are unlikely. More generally, Willis has already signaled
what she represents, namely a surbil English type, steady as
she goes, old style conservative nat Maybe it worked for him,
it won't for her, and it won't work for the nation.

(53:41):
It's a new world, new thinking is required. He fills
that out. But it's a brilliant summation, and you know what,
I border on agreeing with him. The only counter I
would offer is that they've only been in power a
year and you've got to give him a full term.
So he might be jumping the gun a little bit,
but it does go to the over arching theme I
started earlier on this morning around people like Simming and Brown,

(54:03):
and I guess Louise upstin to a greater or lesser degree.
I mean, what is this thing that Louise is doing
today with these three ideas? Will make children better, will
make life better, the sun will come up in the morning.
I mean whipped he doo mean, come on, after a year,
is that all you've got? Simming and Brown? How many
speeches ha is he given on road cones? How many
times has he put out a press release on road
cones and telling us it's too expensive and the cost

(54:24):
as I are watering and something needs to be done.
What's he done about it? Nothing? And so how many
times does Luxon come on this program and gone rah
rah rah rah trade deal raw rah right trade deal?
What's actually happened? We know what's tangible. Mark Mitchell's delivered.
I think that's fair. I think Erica Stanford's probably delivered
or delivering in education, certainly, not in immigration, but in education.

(54:48):
You can see the wheels moving there, but there's a
lot of noise and there's not a trement. And his
point about David Seaman, to be fair to David Seama,
it's a brand new agency. I get all of that,
and they're only hiring at the moment, but they haven't
acted ually done anything. When's the doing start? Asks Robert.
So that's well worth reading today. Tend to wait on

(55:08):
my costing.

Speaker 1 (55:09):
Breakfast with the range rover of the line news towards
they'd be as given away from a little bit of
bankster around the place.

Speaker 2 (55:15):
Out of the opening, Netflix has opened to what they're
calling in Australia and New Zealand office. Turns out it's
probably more Australia than it is New Zealand. Our local
office really just sort of an Australian office when it
comes to local production. Are we a little bit out
of luck? Have they forgotten about us? As the question
being asked, the president of the Screen Production and Development
Association are in gardners with us? How are you? Irene?

Speaker 14 (55:35):
I'm very well, thank you mate.

Speaker 2 (55:37):
Will you guys cognizant that Netflix were going to come local?
Do they sort of you know, say hey, where we're coming,
we're opening, we want to do business, do you need
or they just.

Speaker 14 (55:45):
Sort of turn up, Well, they actually started having an
Australian office a little while ago, just you know, feely,
quietly it was suddenly Netflix Australia New Zealand. But it's
been in the media a lot lately because they've launched
the big Australian series Territory, and so there's been quite
a lot of media coverage and you know it's Netflix

(56:05):
A and Z this and Netflix A n Z there,
And I'd have to say some of Spider's producer members
have kind of gone about the n the bit of
that Netflix said, because you know, obviously over the years Netflix,
you know, international productions, some Netflix International productions have shot

(56:26):
in New Zealand, which is great for them for our industry,
and they've even bought the odd existing New Zealand show
like The Casketeers. But in terms of actually commissioning a
local production, which is of course what gives us intellectual
property and export dollar and is a bit that's actually
good for our economy. Not to mention culturalist, but but
just nothing, just silence. It's like, yes, we're netflex A

(56:49):
m Z. But and occasionally I even sort of safe
things like oh but you said it's a nice place
to shoot, but we're not just a nice place to
shoot that you know that we're our service center for
the problem. Actually make really good shows, many of it
just grinning all around the world on our platform.

Speaker 2 (57:08):
Would we know that? And is that up to them
to do something about it or is it up to
us to do something about it and get in their ear?

Speaker 14 (57:16):
It's a little all of those things. They will know
and it's probably slightly embarrassed. And they also know that
we the Producer's Guild, have been lobbying for the international
streamers to have to contribute to the news Deal unscreen
ecosystem in somewhere because they've you know, they've broken the model.
They've they've ruined the commercial revenue advertising model. It's making

(57:36):
it really hard for us to make local shows and
they know that. And there's lots of territories where they're
being regulated, they're paying a levee whatever, and so we've
been asking government, you know you get can you regulate them,
Can they pay a levy, can they have a quote whatever?

Speaker 9 (57:50):
A levee would probably.

Speaker 14 (57:51):
Be simplest for New Zealand, but it would at least
often the blow while we sort of work through all
of those things, and.

Speaker 2 (57:57):
Is the government remotely interested in any of that because
that whole you know, the digital build thing doesn't seem
to be on there in front of their radio.

Speaker 14 (58:04):
That's the journalism, but we're slightly different than that.

Speaker 2 (58:08):
All I'm saying is they don't seem overly keen on that.
Are they keen on your idea or not?

Speaker 14 (58:12):
Really, we've had good indications that's certainly being looked at,
it's being worked on. It's just that regulation takes ages
and we're in a pretty tough spot in the meantime.
So I guess what we're saying is, you know, you're
a big commercial entity. You're not under any obligation currently,
you have no regulation. But you know, if you don't

(58:33):
call yourself Netflix, A and Z, could we have some
of the zen.

Speaker 2 (58:43):
It's not fair? Well, then I re appreciate it very much.
Ire In Gardner, who is with Spartan the spart of
President four minutes away from it ascars. While we're on
the subject of the media, just to give you once
again comparison to Australia, I note yesterday they announced that
the local news bulletin on the Gold Coast from seven
new is going to be ending. As of tonight there
will be the last bulletin. They've got a five thirty

(59:04):
local Gold Coast news and that'll be the end of that.
So you'll be able to nowadays, if you live on
the Gold Coast, you'll be able to watch in our
long seven afternoon news. Remember when we had afternoon news
on television in this country from four pm. The Chase
will be on at five. That's must watch viewing, isn't
it in seven News Live at six o'clock? But no
local Gold Coast bulletin. So what happens here happens there.

(59:30):
In How It rolls Now, Jamie Oliver, a lovely bloke,
hasn't been on for seven or eight years, so given
he's in Australia, we thought we'd take the opportunity to
look him up and bring him up and say come
on the show. And because he's a nice bloke, he
said yes, he's with us.

Speaker 1 (59:43):
Next Big News, Bold Opinions, the Mike Hosking Breakfast with Vita,
Retirement Communities, Life Your Way News tog.

Speaker 9 (59:55):
Said, b.

Speaker 2 (59:59):
It is seven pas six and the Naked Shift did
a lot of things to put Jamie Oliver on the map.
Of course, we're a start went on to produce any
number of cookbooks and empire of restaurants n recipes designed
to be so simple that you can give them a
crack at home without being a genius. It also sold
the idea of the Frissian good doesn't have to be
expensive or complicated. Jamie Oliver is beck with us good morning,

(01:00:19):
lovely to be here, my friend. It's start with a
big broad questions. I mean, twenty five years, for goodness sake,
does it seem like that since Naked Ship?

Speaker 16 (01:00:26):
I mean it's starting to feel like that. I mean
I think I had twenty years of it didn't feel
like that. And I think finally I've become nostalgic and
retrospective and.

Speaker 2 (01:00:37):
Feeling a bit older.

Speaker 16 (01:00:38):
And when I brush my teeth in the morning, I
do say, who the bloody hell's that?

Speaker 6 (01:00:44):
But yeah, it's a.

Speaker 16 (01:00:46):
It's funny thing time, isn't it. I think it's definitely
gives you a perspective, And yeah, I start leaning towards
experience and wisdom a little bit more than just enthusiasm.

Speaker 2 (01:00:57):
And what was your expectation? Do you remember in nineteen nine?
I mean, what did you want? Nothing?

Speaker 16 (01:01:02):
I just was so grateful to be alive. I was
so grateful to be like young and in London and exploring.

Speaker 2 (01:01:10):
I was so happy to have a job.

Speaker 16 (01:01:12):
When the Naked Chef happened, it was never planned. I
was never even supposed to be there that day that
they was. I was in the background of a documentary
that and I wasn't even on the road to that day.
Someone called him sick.

Speaker 2 (01:01:23):
I got lucky.

Speaker 10 (01:01:24):
I mean, I kind of.

Speaker 16 (01:01:25):
I was very confident in cooking. I've been cooking since
an early age. But when the TV people, I knew
nothing about production or TV. But I was very very
clear that if I was going to do it, I
wanted to do it on my terms, my food, my
friends and family. I wanted it cut to the music
that I listened to, not what the BBC library wanted
me to listen to. And I don't know, somehow it

(01:01:46):
tuned into a little moment, a little flavor, and it
went massive around the world. And yeah, I mean I
think I was so green and naive but just excited
to just to be I never thought get to Australia.
I never thought i'd get here. I just thought it
was out of my reach. I came from a little

(01:02:06):
village in Essex, so you know, pretty humble beginnings.

Speaker 2 (01:02:09):
Really, when did it sort of turn into a business
and did that take away from what you were trying
to do at any point?

Speaker 16 (01:02:16):
I think, like naturally, like you're working it out, so
you know, you kind of you do a TV show
that's kind of interesting, and then like you do a
book and that exploded, and then you know quite early
that the relationship with people through books was an interesting one.
It was very, very pure one and to this day
actually it's a very pure one if you think about
the world we live in now, which is often driven

(01:02:38):
by likes and comments and views, but they're all free, right,
But a book sale is still a book sale. And
going to book signings and talking to people, you know,
I started to learn very quickly that it was more
than just recipes and a cooking show. It was you
know what it is, which is like food is the
biggest employer in the world, the biggest business in the world.
It's full of good but mainly the bad and the ugly,

(01:03:02):
and so yeah, that kind of just sent me down
a path. And yes, it became a business because I
guess when you start employing. As soon as I made money,
I started employing people and investing in people. And that's
probably one of the things I've done very well and
try to tell bigger stories and better stories, and yeah,

(01:03:24):
try try to do some stuff that had never been
done before. And yeah, so there's kind of a business element,
which was always a bit uncomfortable because business is business.
But also business allows you to invest in things and
employ people and bring congregate people that maybe never ever
Like if I took you to my office in Holloway,
I know for a fact, you'd be like bloody hell

(01:03:46):
like real experts in all kinds of geeky areas of
like science and environment and people that send stuff away
for analysis and do secret rerecords on factories and farms
and you know, documentary campaigns departments and government departments, and
you know, it's just like a there's a lot going
on under you know, there's a lot, quite a lot

(01:04:07):
of what I do the public don't really know about.
And it's just trying to be thorough about the stuff
I talk about in food.

Speaker 2 (01:04:14):
Really Now, when you talk a lot, I'll come back
to the business in the mondment. But when you talked
about the campaigning side, but the school lunch program or
the you know, the school food program, I guess that's
the most famous.

Speaker 16 (01:04:24):
Yeah, very very proud of it. I mean, I think
it's you know, when you're able to tell a story
about something that's run by the government and you look
at it in context to now and also when it
was created, which is at the beginning of the nineteenth century. Yeah,
we look at the government had one hundred and ninety

(01:04:45):
days of the year to get breakfast and lunch, right
in a country that's often cold and wet and damp,
and where you know, a fairly large proportion of those
kids are on free school lunches because they're from very,
very poor families, and there were no standards. There were
standards for dog food, but no standards for kid food.
So it's a really classic example of Britain's love for

(01:05:08):
dogs and sort of lack of detail when it comes
to nourishment of kids. And even to this day, I think,
like we we look at the education of food as
a luxury not a necessity, and I completely disagree. So
I just I always think that the best way to

(01:05:29):
learn maths is through baking, the best way to learn
history is through food, And I really I mean, I
you know, kids are not born genetically to love nuggets
and burgers.

Speaker 2 (01:05:39):
It's called marketing.

Speaker 16 (01:05:40):
So I just really truly believe that governments have a
I think government's job is to look at how the
world is constantly changing and then just kind of try
and create a fair playing field where people don't die
of stupid stuff.

Speaker 15 (01:05:56):
And do you know what I mean?

Speaker 16 (01:05:58):
Like people, you know, and whether it's Brits or Ozzie's,
you know, if you're some they'll say things like nanny state,
don't tell me what to do.

Speaker 2 (01:06:06):
But you know.

Speaker 16 (01:06:08):
When you kind of translate foody things into like a
seat belt or the type of rubber used to make
a tire on a bus that takes kids to school,
or the kind of rivets that are holding an aeroplane
up in the sky, you know, like standards and practices,
as boring as they might sound, are super important.

Speaker 2 (01:06:23):
Yes they are. Let's mate hold on for a couple
of momes Jamie Oliver's our guests more shortly thirteen past eight.

Speaker 1 (01:06:28):
The Mic Asking Breakfast Full Show podcast on Iheard Radio
powered by News.

Speaker 2 (01:06:33):
Talks It be This Talks at Me sixteen past eight
gifts as Jamie Oliver, now listen to the business side
of the equation. So you use your celebrity as you
were telling us a moment ago before the break of
celebrity for success and good.

Speaker 9 (01:06:43):
All of that.

Speaker 2 (01:06:43):
When it went wrong, and it did go wrong there
for a while, what's that like.

Speaker 16 (01:06:48):
I mean I've kind of I've I mean it's gone
wrong constantly throughout my career. I mean I think I
used to be about forty sixty like failure to success.
I think come about fifty to fifty nows. I mean
people call it being an entrepreneur. I always think that
just in my position with the with the information that

(01:07:08):
I get and the access I get, I'm always trying
to find new ways to communicate, like people having a
better relationship with food and through the realms of businesses.
And you know, I've set up some fascinating businesses and
food businesses that were really like either two years too early,
or like a year too late, or or just it

(01:07:29):
wasn't the right cocktail to work. I mean, every failure
has had it's little jewel that I've taken out and
turned into something else. But yeah, I mean, like certainly
when I lost the UK restaurants, that was a big one.
I mean, it's it's it's the worst. I mean, it's
it's kind of you at your most vulnerable. It's the worst.

(01:07:50):
And that's all the stuff like when certainly when you're
trying to work in between the press and things like that,
it's you know, making sure your suppliers are paid, and
like you might not be able to express that to
the press because there's stuff going on behind and not
behind the you know, because I'm a massive I've come
from a family business, you know, so you know people
that you know, I work with all the same supplies

(01:08:10):
and stuff now as I did when I lost the restaurants,
which is as I did for the last twenty years.
It's painful living out your failures in public. But I
think at the same time, you know, you've been doing
this long enough. Sometimes it's helped. Sometimes it's hindrance.

Speaker 14 (01:08:27):
I think.

Speaker 16 (01:08:29):
I think if your heart's in the right place and
I'm still young enough where I should have another go,
and it would be right.

Speaker 2 (01:08:34):
I mean, for what it's worth. And I've always thought
authenticity is the key to it all. Authenticity is the
key to success generally in life. As far as I
can work out, people know you, they've seen you, You've
got a reputation and a record, and it all works
out well in the end. Doesn't it.

Speaker 16 (01:08:48):
And I think, look, failure, failure is such an interesting
conversation doing the best version of bad and learning from
it and.

Speaker 10 (01:08:58):
Coming back.

Speaker 16 (01:08:59):
I think that's probably generally the spirit. I think I
always see the publishing as the center of my world
because I think when you're paying I don't know what
it is in dollars, but when you're buying a book,
my job is really to listen and then react every
year in the form of a book.

Speaker 2 (01:09:15):
Yeah, is London, by the way, it still the center
of the world for you in terms of culinary expression.
I mean, if you want to make your name in
the culinary world, you've got to be in London and
nail it.

Speaker 11 (01:09:25):
Yeah.

Speaker 16 (01:09:25):
I think that London is definitely an amazing city. There
is something about London that has a sort of strange
halo around it, and I'm not quite sure what it is.
It's kind of like it's kind of impressive enough, but
gnarly enough. It's like rough and beautiful, and I think
I definitely think like London's a legit city. But saying that,

(01:09:48):
if my kid was a chef, I'd be telling them
to come to Sydney or Melbourne, So you know, it
kind of runs both ways. But I think also, you
know the benefit of London, of course is then you
within an hour and a half you can get to Portugal, Spain, France,
you know, the Nordics. It's like you know, so obviously
as you get more central, it's a bit more posha
and a bit more kind of like grown up.

Speaker 2 (01:10:08):
But I love that about London.

Speaker 16 (01:10:10):
And of course it's you know, ten million people and
hugely diverse and I'm still there four days a week.

Speaker 2 (01:10:19):
No regrets, terrific stuff. Lovely to see you, Thank you mate,
look after yourself, will and go well. Jamie Oliver out
of Australia for us this morning. It's twenty past eight.

Speaker 1 (01:10:29):
My cost break Bass with Bailey's Estate News.

Speaker 2 (01:10:32):
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(01:11:14):
online for the details at about health dot co dot nz.
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it's the good stuff, the Lester's Oil, the Resvue Ultimate,
the Element twelve only from About Health asking about the
drugs thing we were doing earlier on this morning and

(01:11:34):
the amount of drug use in this country. And tobacco.
Of course, vaping's replaced tobacco. You know where tobacco's bigger.
At China. They've got a single company in that particular
part of the world, China Tobacco. They bring in two
hundred and ten billion dollars a year, two hundred and
ten billion dollars a year, it's up four point three percent.
It is six times the net revenue of Philip Morris,
Philip Morris International of the second biggest tobacco company in

(01:11:56):
the world, six times bigger. They're sort of the Nvidia
of tobacco. And each year in China, if everyone's sort
of in the Western world, you know, winning the war
slowly but surely, in terms of smoking, it's going backwards.
In China. It grows every year. The number of people
in China grows every year that smoked. Two point four
to four trillion cigarettes are sold two point four four trillion,

(01:12:18):
and that will grow to two point four eight trillion
by twenty twenty eight. There are three hundred million Chinese
who smoke, so there's one point what is at one
point two one point three billion people, So close to
a quarter of the population in China smokes. By the way,
the Netflix thing more updates on the fight, the big
fight of the weekend. This is Tyson and Jake Paul.
He's got some Is it just general investment problems or

(01:12:41):
is it crypto? I think it's based around crypto. The
suggestion is he's been misleading people on his social media
channels about crypto I know it also, by the way
that Trump.

Speaker 15 (01:12:52):
Apparently that's Logan Paul, not Jake Paul. I know, it's
hard to.

Speaker 2 (01:12:55):
Keep the ti ah they separate as logo as.

Speaker 15 (01:12:58):
I just assume that the same thing.

Speaker 2 (01:13:01):
Because I can't remember which is the one I met
in Los Angeles anyway.

Speaker 15 (01:13:03):
I can't even remember which one was fighting Mike Tyson.

Speaker 2 (01:13:06):
That's true. They probably can't either. Having said that.

Speaker 15 (01:13:09):
Trump Sison certainly can't truth media truth.

Speaker 2 (01:13:13):
Social is looking to buy a crypto company at the
moment as we speak. That's sent yet another fizz through
the crypto market that Trump, Trump's in favor of crypto,
loves crypto. Assume somebody told them what crypto is, and
so he's going to buy some.

Speaker 15 (01:13:29):
News and they've got that phone working.

Speaker 4 (01:13:31):
That he was trying to pay for the drinks that
the crypto bar could be with and that they couldn't
get it going anyway.

Speaker 2 (01:13:36):
One hundred and eight million global viewers on Netflix, and
they need to get this right. So this was kind
of a test. They both got ten figure paydays out
of that, So who's the sucker here? Really? Honestly, they
ten figure paydays for what for ponting around a ring

(01:13:58):
for half an hour and ten million bucks past anyway,
but that is it, mate. They got the biggest sporting
events screen ever in the history of streaming sporting events.
What's important about that is Netflix have gone and won
the bid to run Christmas Day National Football as an
American football Christmas Day. They've not done that before. They
were apparently on the boxing fight. There were glitches in

(01:14:20):
various parts of the world and it looked a bit ugly.
So they need to tidy that up before Christmas Day
because you boxing's one thing, or faux boxing is one thing,
but football's a whole different. That's a religion and you
don't mess with Americans religion. News for you in a
couple of moments, and then we'll get you across to
Britain and Rod little big defense spending cuts today and

(01:14:40):
of course the farmers protest yesterday. Will get the update
on that after the news, which.

Speaker 18 (01:14:44):
Is next for you, your trusted source for news and
fews the mic Asking Breakfast with the Range Rover Villa
designed to intrigue and use togs dead Bus.

Speaker 2 (01:14:58):
Cruise for your Villavy Residences two lev program. So this
is basically for people who live in America who hate Trump,
they don't know what to do about it. So you've
got the ultimate one is the four year skip forward cruise.
So in other words, you don't have to be in
America for four years, and you can go straight to
twenty twenty eight and hope for better times. Or the

(01:15:20):
other option, well, there's four options. There's the one year
escape from reality cruise, the two year mid term selection,
so by twenty twenty six, when they hold the mid terms,
they might be able to flip a House or the
Senate or whatever back and maybe installed, you know, Trump
becomes a bit lame duck. Third year is everywhere at home,
but the four years the big one if you really
hate what happened in the election. Here's the interesting thing.
You're going to four hundred if you take the four

(01:15:43):
year deal. You're going to four hundred and twenty five
ports in one hundred and forty countries across all seven continents.
So in other words, you get to see pretty much
every part of the world that you'd ever want to see.
How much is this costing? I find it remarkably cheap,
which in and of it self must be a worry.
So the most expensive option is just the one year,

(01:16:04):
that's going to set you back forty nine thousand dollars
for the year. But you think about that, that's less
than a thousand dollars a week for seven days all inclusive.
I mean that's cheap, isn't it. And if you do
the four year, it's forty thousand dollars a year. So
I worked that out to be seven hundred and sixty
nine dollars a week. So it's seven hundred and sixty
nine dollars a week. That's cheaper than your mortgage, cheaper

(01:16:25):
than the rent. You save money. You can go on
the cruise, escape Trump and save money.

Speaker 4 (01:16:30):
Is there I never ever have to hear from Tom
cruise cruise.

Speaker 2 (01:16:35):
No, there wasn't one of those. Sorry about that, but
they can think of the twenty two minutes.

Speaker 12 (01:16:39):
Away from nine International correspondence with ends an eye insurance,
peace of mind for New Zealand business.

Speaker 2 (01:16:45):
We need to go to Britain. We're our very good between.
Ron Little's waiting for us, Roderic, good morning.

Speaker 10 (01:16:50):
Good morning. I want to go on a cruise for
four years to get out of this labor government. Would
they back me on amongst all those lefties?

Speaker 2 (01:16:56):
Well, no, I don't think they probably would. Rodrig Well,
what about come to the defense and all that stuff.
In just a couple of moments. Last time we talked,
the Jeremy was rolling into town with his trector. How
did that go? Was that bigger than you thought? All
about the same size as you thought.

Speaker 10 (01:17:10):
That's it's an issue. But I don't think as much
as I said, you know, a couple of days ago,
I don't think he has much resonance with the public.
They do love Jeremy Clarkson, no question about that. And
I talked to Chester this afternoon and he's still infuriated,

(01:17:30):
infuriated at the bias of the DBC and the way
it's reporting the farmer's protests, infuriated at what he sees
as a grave in justice being perpetrated against the farmers.
But I think an awful lot of people, an awful
lot of voters, are looking at the facts on this,
and they're pretty straightforward. You know, if I sell my house,

(01:17:53):
I pay inheritance tax of forty percent on anything above
three hundred and fifty thousand quid. What the labor government
is doing is suggesting very politely that perhaps the farmers
who have farms in excessive one million quid might be
a kind as to pay twenty percent inheritance tax. So

(01:18:17):
I just do not see this playing in terms of
electoral trouble for labor at all, and possibly quite the reverse.
That being said, there have been infuriated protests and the
right wing press over here, the Daily Mail, the Telegraphs
and so on are attacking the government for basically what

(01:18:42):
they're saying is changing the shape of the countryside forever,
which may happen. I guess that there is some argument
to be made that the shape of the countryside really
should be changed from the way it is now, which
is dictated by the farmers to us might be more

(01:19:02):
accessible program which which allows room for the other inhabitants
of Great Britain, such as you know, the mic states, reasons,
badges and so on, which which have suffered as a
consequence of pesticides.

Speaker 9 (01:19:15):
And so on.

Speaker 10 (01:19:16):
So it's I don't I stick to my comments from this.
I don't think this plays with the electorate.

Speaker 2 (01:19:23):
How real was the the coverage of angel Rhina who's
standing in for Stama, who's at the G twenty, which
seems to have fizzed out completely. How real is the
suggestion that there's more inheritance text increases to come.

Speaker 10 (01:19:37):
Oh, I think that's very real, and I think that
might be iniquitous. Even at the moment, it's forty percent
on anything above three hundred and fifty thousand quid, which
basically takes in an awfully large proportion of the population.
You know, if I think the average cost of a
dwelling in this country at the moment is somewhere in
the region of three two five three four five, I

(01:19:58):
haven't looked it up recently, so to round about the
average cost of a dwelling in this country, anything above
that your your clobt with forty percent of tax. And
I think that is going to be a problem somewhere
down the line for the lower middle class and the

(01:20:18):
middle class voters who drifted over to labor the last
general election to find out that they that when they
die and try to or try to get rid of
their houses, try to get rid of their estate, their
sons and daughters will be clobt with a massive tax rise.
And my suspicion is that the inheritance tax will go
up for ordinary people work us through.

Speaker 2 (01:20:41):
I know that your your missilesman fired and Iran into
not Iran, are Ukraine into into Russia river night. So
you've got that this announcement, this defense announcement, how much
of it's about basically decommissioning a bunch of old, rusted
junk and moving in into the good stuff. Versus the
Tories who are telling us it's just a cat.

Speaker 10 (01:20:58):
I think I tend towards the latter that it is
a cut that there is absolutely no question that the
Ministry of Defense of the British Army and the Navy
in the Air Force need to modernize. They have paid
scant attention to stuff like cybersecurity and to the kind

(01:21:19):
of covert warfare which is being carried out against our
country and probably yours as well, Mike, on a daily basis,
And that some of our stuff, I mean, we recently
built a couple of aircraft carriers. I'm not sure that
that's the cutting edge of technology anymore, you know. So
I think we've been behind the curve on what we're

(01:21:42):
deciding to do with our armed forces, and really at
a time, you know, we always say that old mantra
that the government's first job is to protect its people.
This is probably the most dangerous time. I'm pretty sure
it is since maybe nineteen eighty five, you know it,

(01:22:03):
before Gorbatshov got into power. This is probably the most
dangerous and freebale time we've had. We've got a Latimie
put In waving nuclear weapons that us every day, which
it does for show and grandstanding, sure, but underneath that
there is the real threat. And of course China with
with with Taiwan.

Speaker 12 (01:22:23):
So to.

Speaker 10 (01:22:26):
What what labors should have done and which would have
which would have cheered everybody up and perhaps put them
back on side with the USA was raised the amount
we spend on defense up to about three point five percent.
That would that would seem to be in order with
the countries which are at the sharp end, such as Poland, Finland, Sweden, Norway,

(01:22:50):
one of which one of those countries. I think it's
that Finns have been handing out iodlene tablets to people
being say fear and nuclear war.

Speaker 2 (01:22:58):
Good only you have a good week. Can we'll catch
up Tuesday Rod a little Tuesdays and Thursdays only on
the Mic Hosking Breakfast Day forty five.

Speaker 1 (01:23:05):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:23:10):
That be one thing I must ask the Prime Minister
send me note this one down as well. The Great
there's a claim. Didn't have time to talk to Rod
to Rod about it. But the winter fuel cut in
their part of the world's going to put fifty thousand
people into poverty next year, or so is the claim.
So as part of the budget, Labour said, we're very
unlabour thing to do that. You know, we simply can't
afford to give everybody a winter heating payment, so it's

(01:23:31):
only the people who most need it will do it.
Now we have a winter heating payment in this country,
of course, and it's given to everybody over sixty five
unless you want to opt out of it, and of
course most people don't opt out of it because they
can't be bothered. And to a degree, I suppose if
you don't need it, you're a hypocrite in taking money
that you don't need in a country in a time
when we don't have any money anyway. So the argument is,

(01:23:52):
and every time I've asked Prime Minister or a Minister
of finance, why is it, we don't means test that
if you insist on handing out money for heaters, why
don't we means test that they've always argued it's too complex,
too complicated, they can't do. It's far easier just to
hand it out to everybody. So the question then, of course,
is how is the Brits can do it but we
allegedly can't. And maybe part of the answer is that

(01:24:12):
this has contained in a Treasury report I'm reading about
this morning, the latest quarterly investment update from Treasury for
the June quarter. There's one hundred. In other words, we're
basically what they're saying is we can't build stuff properly,
which I think we already knew. It just confirms it.
One hundred and seventy five investments in planning an estimated
value of seventy nine billion dollars. One hundred and ninety
eight investments reported in delivery delivery budget of eighty five billion.

(01:24:37):
The investments in delivery, the agencies are reporting a two
point one billion dollar worth of cost pressure. Almost half
of the delivery portfolio is experiencing delays. So, in other words,
virtually everything the government does is either delayed and or
costs more than they thought. Just fifty four percent, let's
say half of the investments were tracking to their original
timeframes just half. So imagine if you reign your life

(01:24:59):
that way. So you've got a budget, you know how
much money is coming in, you know what you're going
to spend, you know what you want to spend, you
know what you've agreed to spend. But half the time
it doesn't work out that way. Yeah, you'd be giving
yourself a kick up the jackson, wouldn't you. The value
of investments in planning was reducing, also substantially. It's going
from one hundred and forty seven billion last year to
seventy nine billion in twenty twenty four end quarter Q

(01:25:20):
four of twenty twenty four, So from one forty seven
to seventy nine, that's a big drop. Critically, they say
the way agencies were planning their capital investments, government agencies
showed quote poor adherence to planning expectations, with many rushing
the early stages of planning. The question, surely is why

(01:25:41):
why do we still have this problem? Then again I
asked the same question I did earlier, how come we
haven't done the road comes yet? Nine away from nine The.

Speaker 1 (01:25:49):
Mike Hosking breakfast with al Vida Retirement Communities News togs
had been.

Speaker 2 (01:25:54):
Now for Bailey's real Estate being altogether better. You know
what that means, Being your trusted partner in every corner
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That's critical locally operated as well. Even more critical where

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you deal with Bailey's Hosking Travel Tuesday, so Black Friday,

(01:26:57):
Cyber Monday, Travel Tuesday. There's an AX Trendex survey that
says for Christmas, what people want is an experience, and
that Jamie Oliver thing earlier on. By the way, I
told you the story the other day he sold his cow,
one of his cars. The other day sold a Ford Capri,
a mark one Ford Capri, and I said, why do
you sell it? And he goes, I'm just I'm over stuff.
Don't need stuff. Stuff. You get to a certain age,

(01:27:18):
certain time of life, you don't want stuff, and that
is reflected. I guess, and this, what do you want
for Christmas? What I want is travel? And you organize travel.
People want experiences, they want to be able to feel
and embrace life. Five minutes away from nine trending.

Speaker 1 (01:27:33):
Now we have Chemist Warehouse, Stop paying too much.

Speaker 2 (01:27:38):
New Seth Rogan television program. I happened to have seen
it by accident yesterday. I don't know how I jumped
on in front of something. Anyway. It's called the studio,
so Seth Rogan. He's an embattled movie studio boss as
movies struggled to stay alive and relevant.

Speaker 7 (01:27:56):
You know.

Speaker 2 (01:27:57):
I got into this because you know I love movies.
But now I have this smear that my job is
for ruined. I've said a job as a track. Everybody's
start to say the Continental. We don't make artsy, artzy films.

Speaker 6 (01:28:16):
We make movies, movies.

Speaker 15 (01:28:21):
Being the head of Continental is the only job I've
ever wanted.

Speaker 12 (01:28:26):
It's just so much harder than I thought.

Speaker 2 (01:28:28):
It was going to be a mindless what if.

Speaker 9 (01:28:33):
Why wouldn't you have no one likes you.

Speaker 11 (01:28:35):
I'm here to dave your career, help me help you.

Speaker 9 (01:28:40):
You'll make a great studio.

Speaker 2 (01:28:42):
Now here's the problem. I saw that and I thought,
what utter utter crap. And it's one of those movies
that you want actually to be quite good. And it
may well be that it is quite good. Because he wrote, directed,
executive produced, and starred in it. Catherine O'Hara is in it,
she's fabulous. Brian Crinston's in it, He's fabulous. You've got
cameos from Charlie's then Anthony Mackie, Martin Scorsese, Zach Efron,

(01:29:06):
Paul Darno, Zoey Krabitz, and a whole bunch of others.
So it's got the goods.

Speaker 4 (01:29:11):
So is that then so did Platonic, which was his
other TV show that was on Apple TV, and that
was he was in rose Boone.

Speaker 15 (01:29:19):
I made it through an episode and a half.

Speaker 2 (01:29:21):
It was like, it's all right, anyway, here's the next
bit of bad news. It's on Apple TV, which is
not bad news, but it doesn't come out until March
twenty six, so you know, mark that in your diary.
Back tomorrow morning. On the mic host Arst there's always
Happy Days.

Speaker 1 (01:29:42):
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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