The Saturday Edition | 26 Sep 2026
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What is the premise of the Saturday Edition competition and who are the judges?
This is the Saturday edition of Fear and Greed. Business News You Can News. I'm Michael Thompson and good morning, Sean Aylmer. Good morning, Michael. And good morning, Adam Lang. Good
morning, Michael, and good morning, Sean.
Morning and Damsky. Uh, in recent weeks this this show's really undergone a bit of an evolution. We evolved somewhere and then we promptly evolved back to a it was a devolution, wasn't it? A uh The one thing that is consistent is that it is a competition, as it always has been. Uh and uh we have a judge to pick our winner. So it's you versus me. Sean on the stories of the week, all kinds of different things relating to business news and slightly adjacent to it. And then Adam comes in and and delivers a farcical ruling based on a whole lot of completely erratic and uh highly Dodgy criteria
which are, Adam? Right. Well I prefer to call them subjective criteria, Michael. So obviously topicality and timeliness. The big one is economic impact. They're
definitely subjective.
You want the story with the biggest economic impact. Not
objective.
They're definitely subjective.
I prefer my descriptor of highly dodgy.
Highly dodgy. Please go on. Highly dodgy. Uh in addition to that, we we love a bit of playing to sub my subjective bias for reform and a bit of theatre, some good storytelling.
But in the past, your subjective bias has gone well beyond reform. If you happen to mention something about an obscure uh music artist from the eighties or something, uh all of a sudden that just nails your subjective bias and you're guaranteed to win. Like that is how easy it is to to game this.
Michael, you m mentioned devolution earlier in the show, right? So do you remember the great band Devo, uh in which the name comes from? We pit
We are
not men. We are Devo. Great album.
Yeah.
Yeah.
Thank you, Adam, for proving my point. Our first category is who's really in the wrong. Yeah. Who's really in the wrong is our category. Who's really in the wrong? Shall I go first on this one, Sean? Yes, please. Okay. So this week, Adam, you may be aware that Medicare was hacked by OpenAI. Or rather, it didn't happen this week. We just found out about it this week. It actually happened back in June. June, which is Three
months ago. How can it take you so long? To work out how far away June was.
Because the year the year is flying by, Sean, and it feels like we are still in June. I just just let just let it go, please. Let it go. Let me let me bury that. Uh anyway, uh an AI agent was tasked with finding out about um health spending, that kind of thing. It came to a virtual locked door uh when it came to Medicare and it just it found its way in. It found its way around that locked door. So the The thing about this, right, is the Prime Minister was furious, got in touch with OpenAI boss Sam Altman. They started an inquiry. They're taking it really, really, really seriously. The deputy PM was furious as well, Richard Miles. And here's the key to all of this: he compared the the the uh the security on the Medicare system.
there to uh to a fence where he said that any uh uh personal data of Australians held by the government was inside a safe. So you've got a fence and then you've got a safe. And then he said that sensitive national security information, well that sits behind a fortress. So essentially got these three levels of security fortress, safe, and a fence. And it was the fence in this case that was breached. So who's really in the wrong here? Was it the AIH? agent that set out to find a way to do what it was just tasked with, research health spending, and it just kind of kept trying different avenues until it got there. Was it the company that didn't tell it to respect? A locked door a and just and back off? Or is it the government and our agencies that still haven't got a strong enough lock on that door?
And how do we not even know that this had taken place until this is a gate on the fence, isn't it? I'm terrible. It's a padlock on the on the gate. On the gate,
on the fence. On the gate. Yeah.
I'm with you. I'm with you. I'm I'm
totally with what you're saying here, Michael.
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Chapters
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