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Chapter 1: What is the main topic discussed in this episode?
In a noisy world, hear yourself think. It's Heather Duplessy-Allen on the Mike Hosking Breakfast with Aveda Retirement Communities. Life your way. Newstalk ZV.
Morning and welcome to you coming up today. What is going on in schools that staff have had to physically restrain kids 9,000 times in the last three years? We have one of the signatories to this open letter calling for a government crackdown on big tech spreading lies to explain what we can actually do about it. We're also going to get you across travel maths.
This is when foreign money overseas doesn't feel like real money, so you just blow way too much of it. Prime Minister's in studio after 7.30 and the commentary box after 8.00. It's funny, I think everyone is so chuffed that Auckland's been mentioned by New York's trendy new mayor that no one's actually pointed out that he's wrong. It's been days. It's been four days.
Chapter 2: Why are physical restraints in schools on the rise?
It's well long enough to point this out. On Friday, Zoran Mamdani name-checked Auckland along with Vienna.
austin minneapolis and seattle as cities that he would like to copy because they all use planning careful zoning and direct funding to bring down their house prices which as we know is a significant problem in the big apple at the moment problem is that is not actually what happened in auckland that is not what dropped auckland's house prices in fact auckland has done nothing but reject zoning regulations that might have brought down house prices auckland fought so hard
against the three houses of three storeys on one section rule, that Auckland ended up with the new rule that promised 2 million new houses, which Auckland then fought against until it dropped down to 1.6 million new houses, which Auckland fought against until it dropped to 1.4 million new houses. What really actually brought down Auckland's house prices was the post-COVID recession.
It was inflation shooting through the roof because of overblown COVID spending. It was young people leaving for Australia in droves because of the post-COVID cost of living crisis. And maybe if you're being generous and think this might have made a difference at the margins, the Reserve Bank's debt to income ratios. Auckland is not an example of careful planning.
Auckland is an example of an economic sugar hit followed by an economic crash. Now that's probably an inconvenient story for Mandami because it involves blaming a former leader of this country who's very much in the same line of progressive politics as he is. And it is not an example of rules changing anything.
And it is not for a lot of people actually a good news story in Auckland if they're trapped unable to sell their house without making a loss. But it doesn't sound like anyone's going to point this out to Zoran or anyone else lest we risk feeling chuffed to have been mentioned.
News of the world in 90 seconds.
We got the latest dump of Mandelson files into his appointment as UK ambassador to the US. These are the ones detailing his messages with Starmer's top ministers. And as you can expect, the Tories are all over it.
In all of these documents, the prime minister's presence is almost non-existent. Almost non-existent.
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Chapter 3: How does the Prime Minister respond to accusations of freeloading off the US military?
And the government's trying to defend the fact that there are still documents they haven't released.
This tranche plus the first tranche of documents represent the entirety of the documents that the government has available for disclosure, except for those that have been made available to the Metropolitan Police. I'm acting on the advice of the Metropolitan Police in not being able to do that.
Now, the most damning comments have also come from the welfare secretary, Pat McFadden.
I'm seeing already on social media people are constructing slates with this quote from Pat McFadden in those exchanges. Every meeting I have is, who can we tax in order to pay benefits to others?
Over in the Middle East, Iran has paused talks with the US after renewed attacks on Lebanon by Israel.
Clearly, Israel has hugely stepped up its military offensive in Lebanon. It has been moving further and further up. It's gone well beyond the Latani River. It has seized something called the Beaufort Castle and the Beaufort Ridge.
Now, one of the stronger Democratic candidates, Graham Platner, is embroiled in a sexting scandal. He messaged six other women while he was married. His wife is defending him.
I think it's shameful behavior to spend time and energy and resources on negative things. ads and negative stories on Graham when all he's trying to do is improve the lives of people who work for a living.
It is easy pickings for Republicans.
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Chapter 4: What highlights emerged from the recent long weekend of sport?
They don't have anybody to run. I mean, just look at their presidential candidates. There's nobody out there that's any kind of leader in the Democrat Party. And they're not Democrats anymore. They're all socialists.
They've changed.
Finally, we have a legal stoush looming in the second highest office in Hungary. The new prime minister, Peter Magyar, has threatened the president, Tomas Suliok, with legal proceedings if he won't step down. Now, Suliok was appointed by Viktor Orban for the key public position in 2024 and is one of those roles. that you are expected to step down from if the Prime Minister loses an election.
While it's a mostly symbolic role, the President does have the power to block legislation or send it to court, thereby slowing down a Prime Minister's work, so you can see why he has to go. And that is news of the world in 90 seconds. Now, I know Mike likes to bring you these strange democratic happenings from around the world. What does he call it? Democracy News or something like that?
So here you go. Here's one for you on a Tuesday. In Colombia, you have a far-right lawyer and a Donald Trump admirer who is now the surprise right-wing candidate for the next presidential election. Just to show you how interesting these candidates are. In this part of the world, he's far right lawyer, Donald Trump admirer.
He's just beaten a philosopher and a human rights activist, 44 percent to 41 percent. Now he's going to go head to head against the left wing senator and then they'll race off to be the next president. He calls himself. The Tiger. Just if you're scratching around thinking, I need a good nickname for myself, this one's taken. He calls himself The Tiger.
He says, compatriots, defenders of the homeland, more than 10 million Colombians placed their trust in The Tiger and joined the pack. So he's got the collective going as well. 13 past six.
The Mike Hosking Breakfast full show podcast on iHeartRadio, powered by Newstalk ZB.
Heather, I'm visiting New Zealand after six months. Things are looking very gloomy economically here. For example, I came across my local ethnic grocer in West Auckland. His delivery truck only got two delivery jobs over two weeks as opposed to six a day. As you will appreciate, logistics see economic activity first. I'll tell you what, let's get you some good news actually. 16 past six.
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Chapter 5: What are the implications of the new AI chip announced by NVIDIA?
And the NASDAQ is up 0.7%, 188 points, 27,160. Last night, the FTSE 100 lost 70 points, 10,338. The Nikkei was up 0.91%, 66934. The Shanghai Composite lost just over 0.25%, 4057. The Aussies were down 2 points, 8729. And our market, well, we're looking at Friday here. It was up 38 points, 0.29%, 13,244. Kiwi dollar, it's stronger against the US dollar, 0.5943, 0.8291 against the Aussies.
So quite a big rebound there from the lows. 0.5107 against the euro. Anybody holidaying the UK will be pleased to see that the pound, we're at 0.4413 against the pound, 94.86 Japanese yen. Gold, 4,490 bucks. And as I look at it, Brent crude, $94.70.
Good stuff, Andrew. You enjoy the rest of your day. Andrew Callagher, Shaw & Partners. By the way, Anthropic has filed the paperwork to get this IPO up and running. So papers have gone into the Security and Exchange Commission over in the US. The price and the number of shares to be offered have not yet been set.
6.22.
Donald Trump's just hit the truth social in the last 20 minutes or so. It's actually 15 minutes ago he put one out. He said, I had a very good call with Hezbollah. They've agreed all shooting will stop. Israel will not attack them. They will not attack Israel. And then two minutes ago, he posted talks are continuing at a rapid pace with Iran. Thank you for your attention to this matter.
Now, if you've been following what's going on with Iran and the peace talks, it is what is going on in Lebanon that is the real problem in holding everything up by the looks of things. 25 past six. Right, in the States it is currently what would have been Marilyn Monroe's 100th birthday. Can you believe it? Time flies. And as part of that, diehard fans have broken a Guinness World Record.
Over a thousand people dressed up as Marilyn Monroe in downtown Palm Springs for the largest gathering of people dressed as Marilyn Monroe. And yes, that is actually a real record. So yes, also as you would expect, it had exactly the sort of people.
I'm a huge Marilyn Monroe fan, so when I heard that there was going to be this many of them here in Palm Springs, I had to come here. I know that she was big on Palm Springs, so that means I'm big on Palm Springs too and I spent all my money to be here and it's absolutely been worth it.
Wow.
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Chapter 6: What is the current state of Moana Pacifica in Super Rugby?
Don't care what kind of a day it is. Her day is definitely better.
If she spent all her money to get there, how's she getting home? No, it doesn't matter. It doesn't matter?
Ice has got a place for her. Previous record was 254 that was set in Australia in 2020. So over a thousand people beats it by at least four times, doesn't it? I think, I can't quite figure it.
Chapter 7: How does 'travel maths' affect Kiwis' spending overseas?
They've either released the last photo shoot of Marilyn Monroe or they've dug it up again and they're kind of having another look at it again as part of the 100th birthday celebrations. And tell you what, without all that makeup, just as an ordinary girl, beautiful woman. Now, Australia.
Westpac's got its chief economist, the Australian chief, the group's chief economist in New Zealand at the moment, just trying to get a lay of the land. We're going to talk to her shortly after the news, which is coming up. What I'm interested in is this. I don't know. I'm not convinced. Are you convinced by the stuff about a tax haven? They muck around with their CGT.
Therefore, we are a tax haven. I feel like it's politics at play, but we'll get her to tell us when she's with us shortly. News is next.
Incredible. Compelling. The breakfast show you can't miss. It's Heather Duplessy-Allen on the Mike Hosking Breakfast with Range Rover Sport, the most dynamic Range Rover Sport ever on Newstalk ZB.
Right, if you thought the Commonwealth Games had a problem with trying to find a host, seems like the Olympic Games may have a similar problem. Hamburg has just pulled out due to host it in 2036, pulled out, and it's being blamed on Paris 2024. So Catherine Field will talk us through it when she's with us shortly. Right now, 23 away from seven.
Straight.
So to the old, old comparison that we do with Australia, the chief economist for one of Aussie's largest banks is in New Zealand at the moment getting a lay of the land. And Lucy Ellis, the Westpac Group chief economist, is with us. Morning, Lucy. Good morning, Heather. Great to be here. Yeah. Now, give me your take on this tax haven business.
Are we really turning into a tax haven for you guys or is this just silly politics? We don't think it's going to be a big issue. What's happened is that for new purchases of existing homes for rent, the capital gains tax treatment won't be as concessional as it has been and you won't be able to negatively gear.
But you can still negatively gear and get the concessional capital gains tax treatment on new build in Australia. So while there might be some people that say, well, actually, a New Zealand property looks attractive, if what you're really motivated by is the tax concessions, you can still buy a new build in Australia. I've given that there's also the risk of the exchange rate moving around.
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Chapter 8: What are the latest developments in the UK related to the Labour Party?
No, it's not. It's not because so many of our staff and that are under huge pressure with huge numbers of kids in schools that, We're having real difficulty helping. The level of trauma and abuse amongst children is huge these days, and I'm not just saying to make it up, but it is huge.
We have classes up here in the north that 50% of the kids have suffered some severe trauma or abuse in their life before they even get to school.
What do you mean by trauma and abuse? I mean, I know what abuse is, but what kind of trauma?
Everything from sexual to being beaten up like hell to you name it.
And how does that compare, Pat, to the good old days?
Well, it's a hell of a lot worse. I mean, in the good old days, a lot was hidden. I've got to be honest about that. And that we didn't know and we accepted a lot of practice. But I have never known the numbers and the levels that we are dealing with up here and I think around the country. that in all my time of being a principal or a teacher, it's absolutely huge.
And that's part of the problem because it's not a matter of just throwing money after it. It's a matter of actually not having access to the number of specialist services, the number of people that you can get help from. I mean, if we have a child that's highly traumatized, We're lucky to get an hour a day out of the ministry to actually have someone to help them specifically.
And yet they're at school for five or six hours and we're covering. I mean, I take my school, our budget for paraprofessional support mainly in this area is $400,000 a year of which out of our ops grant.
of which I get about $100,000 back from Ministry or Oranga Tamariki or similar.
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