Transcript

Credlin | 21 May · Credlin

0:01
Speaker 1: Peter Krandland live on Sky News Australia.
0:06
Speaker 2: Good evening, welcome to the program. Here's what's coming up
0:09
Speaker 2: tonight on Kredline. New South Wales Premier Chris Mins kicked
0:12
Speaker 2: it off yesterday, will today more alarm from state premiers
0:16
Speaker 2: over the tax changes in the budget. If property is
0:19
Speaker 2: hit so two of the states given their alliance on
0:22
Speaker 2: stamp duty and other charges. Plus if the fire sale
0:26
Speaker 2: defense sites across Australia is a penny pinching exercise, how
0:29
Speaker 2: does the government justify then twenty million on consultants. We've
0:34
Speaker 2: got two hundred thousand public servants. Why waste the money?
0:38
Speaker 2: It's a joke. They're ripping that five thousand away from
0:41
Speaker 2: Doug and k Baird, but can find twenty million for this?
0:45
Speaker 2: And the fire just grows as farmers and country towns
0:48
Speaker 2: revolved against the Center Allen's massive pro transmission project hitting
0:52
Speaker 2: regional victorians. Tonight a significant announcement from the Nationals will
0:57
Speaker 2: cross out to the Bush in a moment. Also along
0:59
Speaker 2: awaited anti corruption report into Dan Andrews at a union
1:03
Speaker 2: deal with the Fieries that's been delayed bogged down in
1:07
Speaker 2: the courts. What's that one about? And Paul Keating out
1:11
Speaker 2: to try and save Labour's horror budget. It might be
1:14
Speaker 2: Chalmer's hero, but given the last time they made these
1:17
Speaker 2: changes under him they had to reverse it, is he
1:21
Speaker 2: the right bloke to sell it?
1:23
Speaker 3: What nonsense from Paul Keating.
1:26
Speaker 4: Every small business owner in this country is reconciling themselves
1:30
Speaker 4: to the fact that they have a new business partner
1:34
Speaker 4: in Anthony Albanezi.
1:36
Speaker 2: Ketting is not the winner that Labour thinks he is.
1:39
Speaker 2: But just when you thought the Albanezy budgement budget could
1:42
Speaker 2: not get worse, it does. I mean there's bad and
1:45
Speaker 2: then there's catastrophic. Let's just start with the property headlines
1:48
Speaker 2: today is saying that changes of the budget are a
1:51
Speaker 2: wrecking ball across the sector. With an I quote house
1:54
Speaker 2: prizes tipped to fall ten percent. As the top economist
1:58
Speaker 2: warns of the Australian Today, house prices could stage their
2:02
Speaker 2: most dramatic fall in four decades as the shock budget
2:05
Speaker 2: tax changes rick havoc on residential property and risk quirer
2:09
Speaker 2: economic fallout. Now, politically and economically this is devastating for
2:15
Speaker 2: the Albanezy government. As you've heard me say here before.
2:18
Speaker 2: It's one thing to try and win votes with young
2:20
Speaker 2: people by talking tough about getting them into their first home.
2:24
Speaker 2: But it's quite another thing to say all of those
2:26
Speaker 2: existing homeowners, to say to them that the value of
2:30
Speaker 2: their biggest asset right now has not only failed to
2:33
Speaker 2: increase as them might have hoped, but in reality, because
2:37
Speaker 2: of this government, it's going backwards. It is losing value now.
2:42
Speaker 2: Is that where we are tonight? Because if it is,
2:46
Speaker 2: it's almost game over for labor. Given the Australia as
2:49
Speaker 2: a country where housing represents the bulk of an individual's wealth,
2:54
Speaker 2: and not just their wealth but their debt too, meaning
2:57
Speaker 2: that if you hold a lot of your debt in
2:59
Speaker 2: your home, you do. If you've got a big mortgage,
3:02
Speaker 2: as so many Australians have, the last thing you want
3:05
Speaker 2: is the value of your home to go backwards. That's
3:08
Speaker 2: what's meant by the term negative equity, that you owe
3:12
Speaker 2: the bank more than your home is actually worth. Should
3:16
Speaker 2: you try and sell it and then clear the debt,
3:19
Speaker 2: you leave with no home and still owing the bank
3:23
Speaker 2: of money. But that's the nightmare scenario that Morgan Stanley,
3:27
Speaker 2: the Investment Bank warns about today. Because if house prices fall,
3:32
Speaker 2: negative equity becomes a disease that will infect millions of Australians.
3:38
Speaker 2: What's also important here to understand is that Australian households
3:42
Speaker 2: are some of the most indebted in the world. In
3:45
Speaker 2: terms of hires to household debt to GDP, we rank
3:49
Speaker 2: number two, just behind Switzerland. When looking at debt relative
3:54
Speaker 2: to what households actually earn after tax, things there are
3:58
Speaker 2: pretty groom too. This measure, Australian household debt exceeds two
4:03
Speaker 2: hundred and twenty three percent of net disposable income. And
4:08
Speaker 2: you don't need me to tell you that the biggest
4:11
Speaker 2: driver of this staggering debt is, of course, our housing.
4:15
Speaker 2: If you pull it apart, you'll find that eighty five
4:17
Speaker 2: percent of average household debt relates to our mortgages. The
4:21
Speaker 2: much smaller debt percentage is what's left on personal liabilities
4:25
Speaker 2: such as car loans, student debt, credit cards. And given
4:29
Speaker 2: we all owe so much on our homes, the last
4:32
Speaker 2: thing we would want to see is government change policies
4:35
Speaker 2: that negatively impact the value of our largest asset. Then
4:40
Speaker 2: there is the whole issue of these negative gearing changes. Now,
4:44
Speaker 2: the big promise from the Prime Minister and the Treasurer
4:46
Speaker 2: was that these changes would unlock home ownership for a
4:50
Speaker 2: whole new generation of young people. But in fact these
4:53
Speaker 2: changes risk doing the opposite. And that is because, in
4:58
Speaker 2: order not to make political enemies, those currently with the
5:01
Speaker 2: negatively geared property, they've been grandfathered. So if your grandfathered,
5:07
Speaker 2: why would you sell the property. It'd be mad to
5:09
Speaker 2: sell it, right, And that's certainly the advice we're told
5:12
Speaker 2: today is being handed out by financial advisers. Don't sell
5:16
Speaker 2: it if you can avoid it. Hang on to these
5:19
Speaker 2: negatively geared properties for as long as you possibly can, which,
5:24
Speaker 2: like so many of these budget changes, gives us yet
5:27
Speaker 2: another perverse outcome, the opposite to what the government had intended.
5:33
Speaker 2: As Rasti Vabev, a former property executive with amp in Westpac,
5:37
Speaker 2: told The Australian Today, the government's decision to grandfather negative
5:42
Speaker 2: gearing has inadvertently created a ring fenced segment of investors
5:47
Speaker 2: who can carry the rights to negatively gear their property
5:50
Speaker 2: into the dist of future. Since there's no termination date
5:54
Speaker 2: for the arrangements now, Rasty estimates that the present value
5:59
Speaker 2: of negative gear hearing privileges across the housing market is
6:03
Speaker 2: worth at least twenty seven billion dollars and knowing that
6:07
Speaker 2: they'll never be able to invest like this again in
6:09
Speaker 2: the future in the same way. How angry is it
6:13
Speaker 2: making young people? See the point I've been making ever
6:16
Speaker 2: Sin's Budget night all about unintended consequences and labor not
6:22
Speaker 2: thinking through these budget changes. So, rather than free up
6:26
Speaker 2: stock as Jim Chalmer promised, his ham fisted changes will
6:31
Speaker 2: likely instead constabate housing supply, at least in relation to
6:35
Speaker 2: existing homes, So the very opposite of what he said
6:38
Speaker 2: it would do. Now, So much for intergenerational fairness the
6:42
Speaker 2: buzzword he used, and then he's almost dropped now like
6:46
Speaker 2: a hot potato as younger voters are calling bs on
6:49
Speaker 2: Jim Chalmer's spin, and rather than being grateful that he's
6:53
Speaker 2: ending negative gearing, these young voters are now angry at
6:56
Speaker 2: those who have it he'll keep having it, and those
7:00
Speaker 2: who hope they might have been able to use it
7:03
Speaker 2: as their parents did but are now locked out. Camra
7:07
Speaker 2: presgoary veteran Dennis Shanahan, my gosh, you nailed it today
7:10
Speaker 2: when he said that the government has only about forty
7:13
Speaker 2: eight hours left to junk the destructive measures in this
7:16
Speaker 2: budget before it'll lose any opportunity to deal with a
7:20
Speaker 2: backlash that's growing by the hour now. Already I see
7:25
Speaker 2: some signs that Labor might be waking up to just
7:27
Speaker 2: how badly, how poorly this budget's gone down, with commentary
7:32
Speaker 2: today that the changes in relation to CGT were a
7:35
Speaker 2: frolic by Treasury and somehow not something that the Treasurer
7:40
Speaker 2: or the Labor Cabinet really wanted to do. Now that's telling.
7:45
Speaker 2: What that says to me is that the government's giving
7:48
Speaker 2: itself the option of a U turn here the mother
7:52
Speaker 2: of all backflips, and that the Treasury will be used
7:57
Speaker 2: as Labour escapegoat. But I'll tell you how works, because
8:01
Speaker 2: for every idea put up by Treasury, it lands on
8:05
Speaker 2: the desk in front of the Treasurer and it only
8:09
Speaker 2: becomes a decision if and when the Treasurer makes it.
8:13
Speaker 2: Meaning Jim might hope he can distance himself from this
8:16
Speaker 2: unmitigated disaster, but it can't because he is the architect
8:21
Speaker 2: of it all and everybody knows it. What's more, Labour
8:26
Speaker 2: can't run from these changes either. They're ideologically stuck with them,
8:31
Speaker 2: given that these are the very ideas that Labour took
8:34
Speaker 2: to two elections under Bill Shorten and have now tried
8:37
Speaker 2: to dish up again after breaking their word to you
8:41
Speaker 2: to never touch them.
8:43
Speaker 5: Can you rule out any changes to negative gearing and
8:46
Speaker 5: capital gains?
8:47
Speaker 3: Tat?
8:48
Speaker 6: How hard is it?
8:49
Speaker 1: For the fiftieth time?
8:51
Speaker 2: Yesterday the government indicated it would try and ran through
8:54
Speaker 2: all of these changes when the Parliament returns next week.
8:59
Speaker 2: But that treasure leaked today makes me think that they're,
9:02
Speaker 2: you know, trying to dramatically reshape their budget offering. We
9:08
Speaker 2: will see, but what's clear already is that it's almost
9:11
Speaker 2: been forty years since we have had a budget this bad,
9:15
Speaker 2: and as each day goes on, it gets worse as
9:19
Speaker 2: more and more people understand just how much it will
9:22
Speaker 2: hurt them. Now, you won't want to miss parliament next
9:25
Speaker 2: week because honestly, anything might happen. Labor is spooped, the
9:32
Speaker 2: electorate is angry, and a Prime Minister who really doesn't
9:37
Speaker 2: understand any of this detail well, I can tell you,
9:41
Speaker 2: is clearly starting to panic. So I say bring it on, right,
9:49
Speaker 2: let's go to can Reddit in camera for the headlines.
9:53
Speaker 7: Good evening, the Treasurer is doubling down on his proposed
9:56
Speaker 7: changes to the capital gains tax, rejecting criticism as part
10:00
Speaker 7: in politics. We anticipated our political opponents engaging in the
10:04
Speaker 7: usual scare campaigns built on lives.
10:07
Speaker 6: But the anger runs deep.
10:09
Speaker 7: Ten female business founders writing in an open letter, we
10:12
Speaker 7: are not political operatives, We're not tax avoiders. Where are
10:15
Speaker 7: women who had an idea, took a risk and worked
10:18
Speaker 7: incredibly hard to build businesses, Adding the proposed changes would
10:22
Speaker 7: make an already difficult path even harder.
10:25
Speaker 4: These are small business people who are working harder than
10:28
Speaker 4: ever for less.
10:30
Speaker 7: One Nation leader paul En Hansen has unveiled a plan
10:33
Speaker 7: to rewrite Australia's system for taxing resources.
10:36
Speaker 6: Specifically oil and gas. She wants to scrap the existing
10:39
Speaker 6: PBLRT and replace it with a ten percent royalty, also
10:43
Speaker 6: calling on the government to fund exploration of new projects
10:47
Speaker 6: in exchange for equity or a share of returns.
10:50
Speaker 8: One Nation is proposing a genuine partnership with the gas
10:54
Speaker 8: industry from exploration through to production and dee com.
10:59
Speaker 6: Miss and following reports of a plan switched to the
11:03
Speaker 6: Lower House.
11:04
Speaker 9: I think Pauline for Blair has a really nice ring
11:08
Speaker 9: to it. You're going to have to start winning labor
11:10
Speaker 9: seats I'll even come and help your campaign if that's
11:13
Speaker 9: what you're going to do. But I think putting Pauline
11:17
Speaker 9: in running her health, you'll help Pauline campaign.
11:21
Speaker 2: In the scene of absolutely in its switch.
11:25
Speaker 6: Let's go Cameron Reddin's Sky News Canberra all.
11:30
Speaker 2: I want to stay with that Financial News today because
11:33
Speaker 2: we had this warning from Westpac. The band told mortgage
11:36
Speaker 2: brokers that it will not honor now any pre approved
11:39
Speaker 2: investor loans following the budget hit on negative gearing. Westpac
11:43
Speaker 2: said to have emailed its broken network telling them to
11:46
Speaker 2: set expectations early by clearly discussing with customers where the
11:50
Speaker 2: removal of negative gearing benefit may create a serviceability shortfall.
11:55
Speaker 2: This is in their loan in the future now. That
11:58
Speaker 2: is telling here to discuss this more. Sky contributor carolle
12:01
Speaker 2: Kats and Barnas and host and Dally Telegraph. What was
12:06
Speaker 2: I going to say, Supremo, James Morrow, Welcome to you both,
12:10
Speaker 2: James Morgan Stanley. They're saying that the housing market could
12:14
Speaker 2: be hit by as much as ten percent. I'm going
12:17
Speaker 2: to watch weekend auction rates, clearance rates very carefully, but
12:22
Speaker 2: given so many of us, our biggest asset is our home.
12:26
Speaker 2: The last thing we want is that value to fall.
12:30
Speaker 1: Well, yeah, of course it is, Peter. But by the way,
12:33
Speaker 1: thank you for the promotion to Suprema. It's a supremeo.
12:35
Speaker 1: It's a wonderful title. I love it. But yeah, I
12:39
Speaker 1: saw the news about the ten percent drop in housing
12:43
Speaker 1: values and part of me had to wonder whether or
12:45
Speaker 1: not within labor and within this government. You know, there's
12:49
Speaker 1: not part of them that's secretly saying, well, kind of
12:51
Speaker 1: bring it on because they say they want to increase affordability. Well,
12:56
Speaker 1: it doesn't make any difference people to have any money
12:58
Speaker 1: or can't save way to buy that, whatever the price is.
13:01
Speaker 1: But you know, there is always that sort of distrust
13:03
Speaker 1: that labor seems to have for the propertied classes, for
13:06
Speaker 1: people who have worked hard, saved, built an investment portfolio
13:10
Speaker 1: with properties or what have you, and they don't understand
13:13
Speaker 1: what goes into it. They live in this labor bubble.
13:15
Speaker 1: The only small business they associate with is the Aussie's
13:19
Speaker 1: Cafe in Parliament House, and beyond that, you know, I
13:22
Speaker 1: think they don't really fully understand what they've done. If
13:25
Speaker 1: if they're right, we'll we'll see the auction rates stay
13:29
Speaker 1: the same we wore first hold buyers, but I think
13:31
Speaker 1: we're going to see them probably fall off a cliff
13:33
Speaker 1: on Saturday.
13:34
Speaker 2: Okay, so you might make a few people trying to
13:36
Speaker 2: get into the market happy, but that wasn't the result
13:38
Speaker 2: on the weekend because we didn't see the buying rate increase.
13:41
Speaker 2: You know, seven out of ten homes that went to
13:43
Speaker 2: auction did not sell. And of course, every one of
13:46
Speaker 2: us with a home, even if we're not intending to sell, James,
13:49
Speaker 2: every one of us with a home and a mortgage,
13:51
Speaker 2: are now going to be fearful that we're going backwards
13:54
Speaker 2: as a result of this budget.
13:56
Speaker 1: Well, yeah, and absolutely, because you know a lot of
13:58
Speaker 1: people are thinking, well, I've got my primary family home,
14:01
Speaker 1: I'm going to sell that when the time comes to retire,
14:04
Speaker 1: move and something smaller. Have the balance there as part
14:07
Speaker 1: of my estate to retire on and live on. And
14:09
Speaker 1: if that shrieks, people have a lot of trouble.
14:12
Speaker 2: Currently. This is very interesting. This afternoon, that Iback report
14:16
Speaker 2: into Dan and Dan Andrews and the deal, the wage
14:20
Speaker 2: deal with the United Firefighters Union. We were told that
14:23
Speaker 2: was coming. It's now been delayed. Extraordinary legal action to
14:28
Speaker 2: stop its publication. It's called Operation Richmond. It's been running
14:32
Speaker 2: for many, many years. It's one of the most secretive
14:35
Speaker 2: IBACK investigations in history. This is very interesting. It seems
14:40
Speaker 2: to me like they're trying to tie it up in
14:42
Speaker 2: the courts so that it is not released this side
14:46
Speaker 2: of the November election.
14:50
Speaker 10: Definitely, Peter. This was done in twenty eighteen. There was
14:52
Speaker 10: a confidential complaint made to IVAC. I mean, what's the
14:56
Speaker 10: point of having IBAC a corruption commission if they're not
15:00
Speaker 10: going to release anything. It was alleging misconduct on behalf
15:03
Speaker 10: of the Victorian Labor Andrew's government and the United Firefighters Union,
15:08
Speaker 10: very powerful, very militant. It was probing their dealings, the
15:12
Speaker 10: Andrews government dealings with the United Firefighters Union regarding the
15:17
Speaker 10: amalgamation of the then Metropolitan Fire Board and the Country
15:21
Speaker 10: Fire Authority into what is now Fire Services Victoria. Yeah,
15:25
Speaker 10: they've written to witnesses today. It's been running for eight years.
15:29
Speaker 10: No one quite knows who's launched this legal action to
15:32
Speaker 10: stifle and sty meet.
15:34
Speaker 2: The release of it.
15:35
Speaker 10: But why, the question has to be asked, why is
15:38
Speaker 10: it tied up with you know, every day that goes
15:40
Speaker 10: on in Victoria. There's a new revelation about alleged corruption
15:44
Speaker 10: with the big build. I mean this is to do
15:46
Speaker 10: with the Andrews government. Yes, again it is a specter
15:49
Speaker 10: hanging over Victoria. And as I said, you mentioned last
15:53
Speaker 10: night in the show, the Land Forces Expo is conveniently
15:57
Speaker 10: in Perth that was announced two years ago. It won't
15:59
Speaker 10: come back to Victoria because of course it shows the
16:03
Speaker 10: Labor government, whether it's Dan Andrews, whether it's.
16:06
Speaker 2: Just Sinta Allen.
16:07
Speaker 10: There is always these murky dealings to do with this government.
16:11
Speaker 10: And as I said, it is incredibly disappointing because we
16:14
Speaker 10: don't even know who's launched this league election. But yes,
16:17
Speaker 10: the report needs to be released before the November state
16:19
Speaker 10: election because there's something there. There's evidently something there and
16:23
Speaker 10: it's not good.
16:25
Speaker 2: James, what about this report today that eight students in
16:28
Speaker 2: every typical classroom around the country are now deemed to
16:32
Speaker 2: be disabled And there's been this huge surge in socio
16:37
Speaker 2: emotional disorders, mental illness, etc. All linked back of course
16:41
Speaker 2: to the COVID pandemic. The number of kids with a
16:44
Speaker 2: disability has gone from about nineteen point nine percent pre
16:48
Speaker 2: COVID to something like twenty seven percent last year. That's
16:52
Speaker 2: close to a third. And we warned about this, didn't we, James.
16:56
Speaker 2: We warned that locking kids up, keeping them away from
16:59
Speaker 2: their social groups, would have devastudy impacts. And yet Victorians
17:04
Speaker 2: are about to give Dan Andrews a bronze statue despite
17:08
Speaker 2: this damage.
17:10
Speaker 1: And that's the only statue in the Western world. You'd
17:12
Speaker 1: ever find me going and trying to pull down Peter.
17:15
Speaker 1: But I'll tell you what these shockings are. These findings
17:17
Speaker 1: are shocking, but they're not a surprise. And I think
17:19
Speaker 1: you know COVID what we did collectively as a society
17:24
Speaker 1: to kids. Tony Abbott wrote a whole pandemic plan when
17:26
Speaker 1: he was Health minister that said here's what you do,
17:30
Speaker 1: And what we did was the exact opposite. Children paid
17:33
Speaker 1: the price to protect old people who could have been
17:37
Speaker 1: protected in a much less intrusive way from that pandemic.
17:42
Speaker 1: And it's a horror show what's happened. And we have
17:44
Speaker 1: missing kids who just disappeared from the roles. We don't
17:46
Speaker 1: know where they are anymore. From the pandemic. We have this,
17:49
Speaker 1: but of course also these diagnoses, they also play into
17:53
Speaker 1: other sort of factors. The NDIS and the growth of that.
17:57
Speaker 1: Certainly we'll have something to do with that. And I
17:58
Speaker 1: think also I wonder how much in many schools, particularly
18:02
Speaker 1: in private schools, the accommodations that kids get for testing
18:06
Speaker 1: if they can declare a disability or learning disability of
18:08
Speaker 1: some sort, may also be a factor of this. But
18:11
Speaker 1: either way, you know, it's a shocking figure.
18:14
Speaker 2: And I shout out here to my beautiful friend A
18:16
Speaker 2: Serman who lost her son to suicide teenage under suicide
18:20
Speaker 2: during a lockdown, and I know that was a huge
18:22
Speaker 2: consequence to the loss of young Victorians, particularly during that time.
18:28
Speaker 2: Talk to me about this attack by the ABC, a
18:31
Speaker 2: national broadcaster funded by the taxpayer, keraly this attack they've
18:36
Speaker 2: had now on private schools.
18:41
Speaker 10: So they're claiming the ABC are claiming there's some research
18:46
Speaker 10: that is a legilar being done by Jane carrow Is
18:48
Speaker 10: saying that the inequity between public and private schools is
18:52
Speaker 10: the highest in the world within Australia.
18:55
Speaker 2: And this is really a jealousy thing as well.
18:57
Speaker 10: It's exactly the same that goes to private health insurance.
19:00
Speaker 10: If Australians didn't choose private education for their children or
19:04
Speaker 10: private health health insurance, the stress and strain on the
19:10
Speaker 10: public purse for the public system, everything would just completely collapse.
19:15
Speaker 10: This is the politics of envy. It's irrelevant research. It
19:19
Speaker 10: also doesn't make sense and it's not correct. It's just
19:22
Speaker 10: not correct. And to go into schools because they've got
19:26
Speaker 10: this behind the news program. What I would say is
19:28
Speaker 10: the ABC actually needs to come to an organization like
19:31
Speaker 10: Sky News and see news being done properly. They're going
19:34
Speaker 10: into schools trotting out, trotting out leftist rubbish and anti rubbish.
19:40
Speaker 10: I mean, we've had this week. They won't even accept
19:42
Speaker 10: Gillian Seagulls the envoy for antisemitism. They won't even accept
19:46
Speaker 10: the definition of antisemitism. Yet the ABC, supposedly, while it
19:50
Speaker 10: is taxpayer funded one billion dollars of yours and my money,
19:53
Speaker 10: they're going to schools and feeding a leftist, woke narrative
19:57
Speaker 10: to young impressionable minds. And all I would say is
20:01
Speaker 10: they need to be told how to do the news.
20:03
Speaker 10: And it's just disgraceful. As I said, my ideal job,
20:06
Speaker 10: if I had a job for a day, would be
20:08
Speaker 10: to be the head of the ABC, because I would
20:10
Speaker 10: close it down.
20:11
Speaker 2: It can be.
20:12
Speaker 10: Sold off and let's see it run as a normal
20:14
Speaker 10: professional commercial organization. It is a complete disgrace to Australia
20:19
Speaker 10: and a disservice to all the Australian tax players.
20:22
Speaker 2: I don't know that anyone would buy it with the
20:24
Speaker 2: current staffing compliment, but we will leave it there. Have
20:28
Speaker 2: a lovely weekend to both of you. Let's go now
20:31
Speaker 2: to that latest meeting of farmers in regional Victoria who
20:34
Speaker 2: face having their land forcibly acquired as part of a
20:37
Speaker 2: very controversial transmission project. Now, this, you know, is something
20:41
Speaker 2: we've been keeping a very close lie on the projects
20:44
Speaker 2: called the V and I West Transmission Line, and it's
20:48
Speaker 2: going to see huge towers, you know, three hundred meters tall,
20:52
Speaker 2: built across thousands of kilometers of prime farmland, and it's
20:56
Speaker 2: to connect up all these renewable energy projects from Sydney
21:01
Speaker 2: down to Melbourne, all across farmland. Of course, the farmers
21:04
Speaker 2: won't get the power that's pump to the greenies in
21:06
Speaker 2: the city. Now, these terrible laws that give them the
21:09
Speaker 2: entitlement to go on to private land were pushed through
21:12
Speaker 2: the Parliament last year. So farmers are now fighting to
21:16
Speaker 2: keep the power companies off their land. National Leader Canavan
21:21
Speaker 2: was there with the Member for Mali. They met with
21:24
Speaker 2: a lot of the people campaigning out there in the
21:27
Speaker 2: country today and it is really ramping up. The Member
21:31
Speaker 2: for Mali and Webster joins me now for an update
21:34
Speaker 2: and thank you, thank you for everything you're doing here,
21:36
Speaker 2: because I know the people that you're speaking to reach
21:40
Speaker 2: out to me also and they're pleased that you're in
21:42
Speaker 2: their corner. You were there to make an announcement for
21:44
Speaker 2: these farmers. What have you promised them?
21:49
Speaker 8: What we have said, Matt Canavan and I today have
21:52
Speaker 8: announced that we will stop V and I West. We
21:56
Speaker 8: will scrap it from a federal level. Obviously, Angus Taylor
22:01
Speaker 8: announced in the budget and reply last week that we
22:03
Speaker 8: were scrapping at zero.
22:05
Speaker 2: There's a clue right there.
22:07
Speaker 8: And we will ensure from a federal level that V
22:10
Speaker 8: and I West cannot go ahead. That has big ramifications because,
22:14
Speaker 8: of course, as you just stated, Peter, all of those
22:17
Speaker 8: renewable energy zones and the projects themselves, which are funded
22:22
Speaker 8: subsidized by taxpayer dollars at a federal level, will also stop,
22:26
Speaker 8: so we will not be paying for projects that would
22:31
Speaker 8: feed into the V and I West, and that is
22:35
Speaker 8: a piece of good news, and welcome to our farmers.
22:38
Speaker 2: It is hugely important, and congratulations to you, to the Nats,
22:42
Speaker 2: to Angus Taylor and everybody. At a federal level, I've
22:45
Speaker 2: been pretty vocal in the last few weeks after the
22:47
Speaker 2: Liberals at a state level, the coalition includes the Nationals too,
22:51
Speaker 2: they put out their policy. Their policy was just to
22:53
Speaker 2: review it and and I tell you the anger is
22:56
Speaker 2: still there out in your area because that's just not
23:00
Speaker 2: good enough. They want this thing gone. Are you going
23:02
Speaker 2: to be able to twist the arm of your Victorian colleagues.
23:09
Speaker 8: Well, we have our state conference this weekend, so there
23:14
Speaker 8: will be I'm pretty sure some fiery debates going on
23:18
Speaker 8: and statements made. That's okay. There were today as well,
23:22
Speaker 8: and we will be At a federal level. We're very clear.
23:26
Speaker 8: Matt has been very clear. He's been fighting net zero forever.
23:29
Speaker 8: And of course we need to remember that it was
23:32
Speaker 8: under Barnaby Joyce that net zero was signed up, and
23:36
Speaker 8: so we have made a very clear decision that we
23:39
Speaker 8: will not be supporting that, nor will we be supporting
23:43
Speaker 8: the projects that are funded by taxpayer dollars. At a
23:46
Speaker 8: federal level.
23:47
Speaker 2: Look, you are right to remind people it was Barnaby Joyce,
23:50
Speaker 2: he was Deputy pe of at the time he signed
23:52
Speaker 2: up to the whole catastrophe that is net zero. Do
23:56
Speaker 2: you think though, that this is where one nation's going
23:59
Speaker 2: to try and cart votes off you in the Victorian election?
24:02
Speaker 2: But by opposing this and leaving the Liberals and the
24:05
Speaker 2: Nats at a state level just to say they'll review it.
24:10
Speaker 8: Look, I think that Matt Canavan made it very clear
24:15
Speaker 8: today that we need to oust a very bad labor
24:19
Speaker 8: government in Victoria. I need to do the same at
24:22
Speaker 8: a federal level in two years time, mind you, but
24:25
Speaker 8: in six months time at the state election, then it
24:30
Speaker 8: is really important that a coalition government is elected because
24:33
Speaker 8: that is the only way that labor will be ousted.
24:36
Speaker 8: So look, bring on. Matt was not stressed by the
24:41
Speaker 8: arguments that were made today, neither was I. Free and
24:44
Speaker 8: fair debate is what we are about. That's why two
24:47
Speaker 8: hundred farmers gathered in that hall in Santana today.
24:51
Speaker 2: It was really.
24:52
Speaker 8: Good again to hear their views and to confirm to
24:55
Speaker 8: them that we are supporting them. We are backing them.
24:58
Speaker 8: That's why I tabled the Prime Agricultural Land Protection Bill
25:04
Speaker 8: about six weeks ago, Matt tabled it in the Senate
25:07
Speaker 8: and my colleague Alison Penfold tabled it in the House
25:12
Speaker 8: because I have been put back in shadow cabinets. So
25:16
Speaker 8: these are good steps that we want to see our
25:19
Speaker 8: prime agricultural land and our small businesses protected. Of course
25:23
Speaker 8: the budget doesn't help you.
25:25
Speaker 2: Let me just ask you about that because I know
25:28
Speaker 2: how farmers tend to run their arrangements. There are huge
25:32
Speaker 2: issues for them with succession trusts, capital gains tax. Of course,
25:37
Speaker 2: what was their take on the budget as you were
25:39
Speaker 2: out amongst them today.
25:42
Speaker 8: Yeah, Look, they're very worried because succession planning means that
25:48
Speaker 8: they've got to pass on land that they're not actually
25:50
Speaker 8: passing on and getting money for, and that then able
25:53
Speaker 8: to pay tax for they're passing along to their kids.
25:56
Speaker 8: So what happened when the probate eras were on Era
26:00
Speaker 8: was on is that kids had to sell property. You
26:03
Speaker 8: had to sell part of your farm in order to
26:05
Speaker 8: pay probate. We don't want to see that happen again,
26:08
Speaker 8: and our farmers are really concerned about it.
26:11
Speaker 2: Yeah, because you've got the big issue too. You can't
26:13
Speaker 2: keep carving off the edge of your farm and you
26:15
Speaker 2: make it unprofitable. In this day and age, you need
26:17
Speaker 2: scale in order to keep our farmers on the land.
26:20
Speaker 2: A yeah, absolutely.
26:23
Speaker 8: And you know we've got the Victorian government coming for
26:26
Speaker 8: our farming land right now. They are compulsorily acquiring land
26:31
Speaker 8: for the V and I West and honestly it is
26:35
Speaker 8: just shambolic. It is disgraceful behavior by the Victorian government
26:40
Speaker 8: and that's why we've got to win government and toss
26:44
Speaker 8: them out.
26:45
Speaker 2: All right, we'll leave it there and thank you, thanks
26:47
Speaker 2: for getting out there, Thanks for the update. As I say,
26:49
Speaker 2: we'll stay right across that issuing quick break. After the break,
26:52
Speaker 2: the big brain of Ross Greenwood on the desk with
26:55
Speaker 2: me is found more holes in the budget. We'll go
26:58
Speaker 2: through all of that in a moment. Coming up. That
27:03
Speaker 2: extraordinary money that we found out today, twenty million dollars
27:08
Speaker 2: on advisors and consultants, all about the sale of those
27:11
Speaker 2: defense land assets. Not that they haven't got two hundred
27:15
Speaker 2: thousand public servants in Canberra. You could do that anyway.
27:18
Speaker 2: That extraordinary spray yesterday from the New South Wales Premier
27:21
Speaker 2: Chris Mens has reignited fresh debate by challenging Labour's tax
27:27
Speaker 2: settings well today the Queensland Premier Day with Chris A.
27:30
Speaker 2: Fuley also was out parling on the pressure.
27:33
Speaker 5: Whether it's it's in this budget or it's in the future,
27:36
Speaker 5: we do need to make sure that we're doing everything
27:38
Speaker 5: we can to ham more money back to working Australians
27:42
Speaker 5: at the top marginal rate of forty seven percent. You're
27:44
Speaker 5: working Monday, Tuesday and half of Wednesday for yourself and
27:47
Speaker 5: then Wednesday, Thursday and Friday for the government.
27:51
Speaker 11: I'm not telling the federal government how to run their budget,
27:54
Speaker 11: but you'll see you'll see a contrast in the way
27:58
Speaker 11: that we run ours. I think there's an addiction out
28:00
Speaker 11: of canbra attacks.
28:03
Speaker 12: Are not wrong, so there's an addiction out of camera
28:06
Speaker 12: for tacks and that seems to be absolutely right. So
28:10
Speaker 12: it's interesting just to see the commentary that's coming through here.
28:13
Speaker 12: But just pull out one number out of the budget
28:16
Speaker 12: and think about this in your own sense, in your
28:18
Speaker 12: business sense. The government, in a tight time, when the
28:22
Speaker 12: Reserve Bank is urging restraint from the government, is this
28:26
Speaker 12: year increasing its spending by five point four percent. Now
28:30
Speaker 12: the government, because inflation is running a bit hotter, is
28:33
Speaker 12: able to say, oh, well, that's really only sort of
28:35
Speaker 12: one point three one point four percent in real terms.
28:38
Speaker 12: They always like to talk about it in real terms,
28:40
Speaker 12: but a genuine government doing hard lifting would have cut
28:44
Speaker 12: the budget in real terms, they would have found more
28:47
Speaker 12: government spending to cut. Now that would have generally been contractionary.
28:52
Speaker 12: It would have helped the Reserve Bank with its fight
28:54
Speaker 12: on inflation and interest rates. And the fact that this
28:57
Speaker 12: government which claims all sorts of savings, particularly coming from
29:00
Speaker 12: the NDIS, which are way future I'm not real, yes,
29:05
Speaker 12: and they're not proven right, So they're.
29:07
Speaker 2: Not and they're rely all the states to come in
29:09
Speaker 2: on board.
29:10
Speaker 5: That's it.
29:10
Speaker 12: So they're looking for thirty four billion dollars worth of
29:13
Speaker 12: savings there which they can't guarantee are going to occur.
29:17
Speaker 5: Now.
29:17
Speaker 12: The reality is if they don't emerge, then the debts
29:21
Speaker 12: pile up, the pressure on the Reserve Bank piles up,
29:24
Speaker 12: interest rate pain piles up, and really that sort of
29:28
Speaker 12: ability for Australia's economy to grow becomes lessen because of
29:32
Speaker 12: all of this. So this is a real issue I
29:34
Speaker 12: think you've got right now.
29:35
Speaker 2: So I read and I started the top of the
29:38
Speaker 2: show with this. Those comments today from a whole range
29:41
Speaker 2: of property experts and investment banks. This concern that house
29:48
Speaker 2: house prices in Australia, the value of our homes will
29:51
Speaker 2: go back the same ten percent, could perhaps be more.
29:55
Speaker 2: That's going to terrify people because their home is their
29:57
Speaker 2: biggest asset.
29:58
Speaker 12: Sure of course, and think about this. If our economy
30:02
Speaker 12: is made up more than fifty percent of consumers spending right,
30:07
Speaker 12: so therefore the confidence of a person to spend is
30:10
Speaker 12: based on a few things. The security of their job
30:13
Speaker 12: right really important. That's slight up ticket, slight uptick in unemployment.
30:16
Speaker 12: Now is that a blip or is that something more
30:19
Speaker 12: concrete for the longest term you're going to watch out for.
30:21
Speaker 12: Certainly that unemployment rate is where the government thinks that
30:25
Speaker 12: the rate will be at June next year, not this year.
30:29
Speaker 12: Second thing it is your home price. You will spend
30:32
Speaker 12: more money if your home price is going up because
30:34
Speaker 12: you're more confident to borrow. If interest rates are lower,
30:37
Speaker 12: you'll go out and buy a new car, You'll buy
30:39
Speaker 12: a new lounge, suite, whatever it might be. You will
30:41
Speaker 12: got more cowt and you've got some equity growth coming in.
30:45
Speaker 12: People feel more confident. And if that's more than half
30:48
Speaker 12: of our economy you need that confidence to be there.
30:50
Speaker 2: If your home.
30:51
Speaker 12: Price is falling, you get very worried as a family.
30:55
Speaker 12: You're worried also because you've already seen three interest rate
30:58
Speaker 12: rises this year, and maybe we're going to say at
31:00
Speaker 12: least another one this year. Markets eased off today after
31:03
Speaker 12: that unemployment rate that there'll be two, but there's at
31:06
Speaker 12: least another one coming that is hurting families. So all
31:10
Speaker 12: of these things combine into seeing right now consumer confidence
31:14
Speaker 12: is worse than it's been even in the COVID years.
31:18
Speaker 12: Even in the COVID years, the consumer so therefore that
31:22
Speaker 12: has a knock on effect on retailers, on restaurants, on
31:26
Speaker 12: anywhere where there's discretionary spending. There is suddenly people starting
31:30
Speaker 12: to just be more conservative and cutting back. That's not
31:32
Speaker 12: good for the economy which already can't grow. The reserve
31:36
Speaker 12: banks saying two to two and a quarter percent is
31:38
Speaker 12: about the speed limit for our economy for inflations created,
31:41
Speaker 12: and therefore they have to raise interest rates. So these
31:45
Speaker 12: are the set and in that budget, I still go
31:47
Speaker 12: back to that budget. In that budget I saw nothing
31:50
Speaker 12: to take pressure off the really important things to make
31:53
Speaker 12: Australia more competitive and to make us grow faster, lower taxes,
31:57
Speaker 12: lower energy prices, lower or under control wages. And if
32:02
Speaker 12: you go back to the Hawk Keating government, who were
32:04
Speaker 12: brilliant in their reform and Jeff.
32:07
Speaker 2: Fared incn reform genuine, genuine.
32:09
Speaker 12: So they did bring in the capital gains stack because
32:11
Speaker 12: they bought in the fringe benefits tax, they bought in
32:14
Speaker 12: compulsory super, they deregulated the dollar, they freed up competition
32:19
Speaker 12: against the banks, key things, big things. Now, there's nothing
32:23
Speaker 12: in this budget that does any of those things that
32:26
Speaker 12: those that series of decisions by the Hawk Keating government
32:29
Speaker 12: set Australia up for literally thirty forty years of prosperity.
32:33
Speaker 2: Now it's interesting. Now I'm just going to get to
32:34
Speaker 2: that because I'm to ask you because so Jim Chalmers
32:38
Speaker 2: holds up Keaty as his idol, right, yes, because he's
32:40
Speaker 2: made some changes in CGT as Keating did. Now Keating
32:43
Speaker 2: had to reverse the many months later because the market
32:46
Speaker 2: went crazy in terms of negative yearing. Yes, that's right, yes,
32:49
Speaker 2: but he basically thinks that he is a poor man's Katy.
32:53
Speaker 2: Keating was very different in one other respect, which Charmers
32:57
Speaker 2: is not biting the bullet on. And that's the tough,
33:00
Speaker 2: hard doged work. Yes, of getting spending down.
33:03
Speaker 3: That's so true.
33:04
Speaker 2: And the second thing about it, and it's unpopular. Like
33:07
Speaker 2: Costello always said, the reason why I could never get
33:10
Speaker 2: the vote to the part of him to be Prime
33:11
Speaker 2: Minister is I'd spent eleven years hauling my colleagues over
33:15
Speaker 2: the calls, dragging them into savings, cutting their programs, working
33:19
Speaker 2: myself on popular Keating was prepared to do that as well,
33:23
Speaker 2: but not Jim.
33:25
Speaker 12: Keating didn't mind having an enemy, Let's be honest, still
33:27
Speaker 12: doesn't today. He's a good hater, right, So that's one
33:30
Speaker 12: thing about Paul Ketty, great hater. So he was prepared
33:32
Speaker 12: to offend the unions. He was prepared in those days.
33:36
Speaker 12: Remember that Joan Kerner, the Premier of Victoria, who basically
33:41
Speaker 12: lied to him about the state's that he was prepared
33:44
Speaker 12: to hate it. It was fine.
33:45
Speaker 6: But I want to go not to what.
33:47
Speaker 12: He's said about the capital gains tax, which is, look,
33:50
Speaker 12: you know, wealthy people complaining. You can't get that rhetoric.
33:53
Speaker 12: What I want to go to is a week ago
33:55
Speaker 12: in the Financial Review, on the fortieth anniversary of his
33:58
Speaker 12: Banana Republic comments in the final interview, So he says,
34:01
Speaker 12: with mccolleagues Peter Walsh and John Dorkan, supported by Brian
34:05
Speaker 12: Howe and Ralph Willis, we said about dramatically reducing government spending.
34:09
Speaker 12: This is what they did right, This was the plan.
34:12
Speaker 12: The changes set Australia up for thirty years of low
34:14
Speaker 12: inflation growth, the income surge that has since made Australia
34:18
Speaker 12: one of the wealthiest countries in the world. So remember
34:20
Speaker 12: I said earlier on that in this budget, the government
34:23
Speaker 12: this year will have five point four percent increase in
34:26
Speaker 12: its spending real increases of the best part of one
34:30
Speaker 12: point six percent. Well back in those days they cut
34:34
Speaker 12: in real terms for three consecutive budgets, cut for three years.
34:38
Speaker 12: This government has shown no willingness to do that. Therefore
34:41
Speaker 12: no willingness to try and do the same type of
34:44
Speaker 12: reform and have the same budget discipline that Keating and
34:48
Speaker 12: Hawk did.
34:49
Speaker 2: Knows Yet, as my dad would say, he's not worth
34:51
Speaker 2: Ketting's bootstrap. If you can't cut spending, you can't claim
34:54
Speaker 2: to have any sort of connection with.
34:56
Speaker 12: Key Well until he can show some fortitude and really
35:00
Speaker 12: get that inside his.
35:00
Speaker 2: Own five budgets, he's had five budgets. We've not seen
35:04
Speaker 2: that as.
35:04
Speaker 12: An Anthony Albernezi, who of course has social reform and
35:07
Speaker 12: not economic reform as a part of his old agendas.
35:12
Speaker 2: But as always I said, I got a big brain.
35:13
Speaker 2: Denin told I don't know about that. Certainly, hasn't it
35:16
Speaker 2: all right? The rate, the money they want to spend
35:18
Speaker 2: on defense, a very worrying incident in relation to a
35:23
Speaker 2: Russian plane, and more concerns over the refit of our
35:27
Speaker 2: Colins class submarines. That's decks, welcome back coming out the
35:35
Speaker 2: shameful way the BBC downplayed Afghan men selling their own
35:40
Speaker 2: little girls. I'm not kidding. We'll get to that first
35:43
Speaker 2: of the reports. The Albertezer government will drop a colossal
35:46
Speaker 2: sum to pay consultants to sell off Australia's military sites.
35:51
Speaker 2: Twenty million will be spent on consultancy and legal fees
35:54
Speaker 2: to finalize the sale of these assets. Here to discuss
35:58
Speaker 2: this and more, Former Army Director j R. Tried Brigadier
36:01
Speaker 2: Ian Langford and thank you, I might add here we're
36:05
Speaker 2: talking about twenty million. There are two hundred thousand public
36:08
Speaker 2: servants who could do this. I don't know the argument
36:11
Speaker 2: as to why consultants must be used. But all week
36:14
Speaker 2: I've been talking about the five thousand dollars that the
36:18
Speaker 2: Vets Department has ripped away from the mum and dad
36:21
Speaker 2: of our fallen VC hero Cameron Beard. I think this
36:25
Speaker 2: is pretty shocking.
36:27
Speaker 3: Yeah, thanks, Peter, great to be here.
36:29
Speaker 13: I mean, both those points really speak to a defense
36:31
Speaker 13: budget that is under extreme pressure, and what we're seeing
36:34
Speaker 13: through the announcement around the use of these consultants to
36:37
Speaker 13: hopefully finalize a defense state disposal that's ostensibly designed to
36:41
Speaker 13: put money back into the defense budget has to be
36:44
Speaker 13: seen for what it is, which essentially is a rationalization
36:47
Speaker 13: that won't improve the readiness of our en forces. It
36:50
Speaker 13: won't result in any tangible net uplifting capability because most
36:54
Speaker 13: of those sale realizations won't occur until the middle of
36:58
Speaker 13: the next decade.
36:59
Speaker 3: At the earlier and in the.
37:01
Speaker 13: Broader context about whether or not due diligence has been
37:04
Speaker 13: done on whether disposal or repurposing some of those facilities
37:08
Speaker 13: has been done, I think, as you're seeing in the
37:10
Speaker 13: current Senate enquire ound a way, much of the public
37:13
Speaker 13: discourse is that this issue is not settled. Whilst there's
37:16
Speaker 13: no argument the defense needs to modernize an updated the
37:19
Speaker 13: state when it comes to certain sites, in particular Victoria
37:22
Speaker 13: Barracks of Sydney, which does have an operational capability in
37:25
Speaker 13: terms of forward staging, but also acting as a headquarters
37:28
Speaker 13: for much of Australia's military capability in the Southeast.
37:32
Speaker 3: This issue remains to be resolved.
37:34
Speaker 13: So I'm not sure what twenty million dollars in consultants
37:36
Speaker 13: will do to bring capability to the Australian Defense Force.
37:40
Speaker 3: But to your point, there is capacity in the public.
37:42
Speaker 13: Service to do this, and whether or not the sale
37:45
Speaker 13: proceeds with the ambition and the objectives that it has,
37:48
Speaker 13: I think remains to be seen. The point you made
37:51
Speaker 13: about Doug and k Baird, who I happen to know personally,
37:54
Speaker 13: is also a good one. We've seen it with also
37:57
Speaker 13: the cancelation of the funding for the Invictors Games. Willbeit
38:00
Speaker 13: that's probably from DVA elements that the defense budget in
38:03
Speaker 13: terms of the lived experience is now under pressure as
38:07
Speaker 13: bureaucrats are all told to make way for future submarines
38:11
Speaker 13: and to take risk around other aspects of the defense portfolio.
38:14
Speaker 2: Well, just on submarines. Talk to me about the stuff
38:16
Speaker 2: out there today about the upgrades to the Colins class
38:21
Speaker 2: scaling back those upgrades. There's a looming report of course,
38:24
Speaker 2: coming from the Australian Audit Office, James Patterson. He's raised
38:29
Speaker 2: real concerns about capability shortfalls and whether the government's actually
38:34
Speaker 2: managing these big defense decisions on strategy or are they
38:39
Speaker 2: playing the politics as it would appear.
38:43
Speaker 13: Well, submarines are always about politics, it seems these days,
38:46
Speaker 13: and certainly the life of type extension for Collins class,
38:49
Speaker 13: which is to bring them up to their minimum viable
38:52
Speaker 13: capability as opposed to anything that reflects modernization or.
38:56
Speaker 3: Transformation, is the current point.
38:59
Speaker 13: So the expand, it's the complexity and the challenge of
39:02
Speaker 13: maintaining that capability I think has now been fully acknowledged,
39:05
Speaker 13: and in terms of the risk versus benefit equation around
39:08
Speaker 13: Australia's future submarine program, I think adjustments will be made
39:11
Speaker 13: to really nurse those capabilities across the next decade until
39:15
Speaker 13: the Virginias are due to turn up early next decade.
39:18
Speaker 13: But you know, Australia will have to manage three classes
39:21
Speaker 13: of submarine over the next fifteen years. It's the Colons itself,
39:24
Speaker 13: it's the Virginias that come as the infram platform as
39:27
Speaker 13: part of orcast Pillar one and then obviously ssn ucas
39:30
Speaker 13: and the risk around these technologies, the need for them
39:33
Speaker 13: to be regionally superior against for example, you know Tight
39:36
Speaker 13: ninety three's which is the Chinese attack class submarine, but
39:39
Speaker 13: also the diesel boats really put us at a strategic
39:44
Speaker 13: disadvantage if we're not able to maintain minimum VOB capability.
39:48
Speaker 3: And with the Submarine Rotation Force West.
39:50
Speaker 13: Initiative due to kick off in Wa next year, it's
39:54
Speaker 13: about also putting confidence in our friends, partners, in our
39:57
Speaker 13: lives that not only can we manage colins over this
40:00
Speaker 13: infant phase, but also be best at practice when Victini
40:04
Speaker 13: is coming to service early next occade.
40:06
Speaker 2: Can you give us a quick assessment of what you
40:09
Speaker 2: make of that dramatic confrontation between Russian jets and are
40:12
Speaker 2: rap so a Royal Air Force spyplane a British plane
40:16
Speaker 2: over the Black Sea. It wasn't just the other day,
40:18
Speaker 2: it was a couple of weeks ago, but it's only
40:21
Speaker 2: just come to light. What do we need to know
40:23
Speaker 2: about this?
40:24
Speaker 13: Yeah, it's a really important moment for us to understand that,
40:28
Speaker 13: you know, operations, military operations don't just occur inside the
40:33
Speaker 13: model of peace and war anymore. We've got operational threats
40:36
Speaker 13: happening all the time, and this threat by this Russian
40:39
Speaker 13: interceptor against an RC one three five River joint aircraft
40:43
Speaker 13: the UK we're doing a freedom and navigation patrol, really
40:46
Speaker 13: does represent the challenge that aggress the states like Russia,
40:50
Speaker 13: North Korea and China now present to many of our forces.
40:53
Speaker 13: Even outside traditional military operations, there is now that risk.
40:57
Speaker 13: It was space, it was cyber, it's now land, maritime
41:01
Speaker 13: and air in This latest act of aggression by Russia
41:03
Speaker 13: really is a reminder that you know, we are operational,
41:06
Speaker 13: We're in a state of conflict essentially with these rogue
41:09
Speaker 13: states and hostile nations to some degree.
41:11
Speaker 3: All the time.
41:12
Speaker 2: Ill over there, thank you An Langford. All right, after
41:15
Speaker 2: the break, that horrific story sanctioned by the BBC basically
41:20
Speaker 2: glossing over the fact in afghan And Dad was selling
41:23
Speaker 2: his daughters into sexual slavery, and that warning from Ji
41:29
Speaker 2: to the Russian president putin who's there at the moment
41:31
Speaker 2: and what it could mean for the rest of the world.
41:37
Speaker 2: Welcome back. Let's just drump straight into the news headlines
41:41
Speaker 2: from around the world. Our international panel Scan News contributed Koshagada,
41:45
Speaker 2: former Labor and Michael Danby. Welcome to you both. Michael,
41:50
Speaker 2: Israel taking action against The New York Times for that
41:53
Speaker 2: shocking story alleging the rapid abuse of Palestinian prisoners. Israel
41:57
Speaker 2: says the claims are false. I'm very and exaggerated, Michael.
42:03
Speaker 14: The abuse of prisoners in any prison system around the
42:06
Speaker 14: world should be investigated and reported. But you've got an
42:10
Speaker 14: experienced editor, Alan Howe, who's gone into this and said,
42:15
Speaker 14: if these allegations about dog rape, I mean, I'm sorry
42:18
Speaker 14: to talk about this hideous stuff on your program Beata
42:21
Speaker 14: were true. It's a page one splash. It should have
42:24
Speaker 14: been put on the front page. But of course what
42:26
Speaker 14: they do, these New York Times sneaky and Israel provocateurs,
42:31
Speaker 14: is put it in the opinion pages where it doesn't
42:34
Speaker 14: have to be fact checked. Now, come on, this is
42:37
Speaker 14: just not good enough. The commentator Doug Murray says that
42:40
Speaker 14: it was put in to preempt the very forensic three
42:43
Speaker 14: hundred and twenty page investigation into the rapes that took
42:48
Speaker 14: place systematic rapes that took place on October seventh, So
42:53
Speaker 14: it was designed to invent even more depraved action, right
42:59
Speaker 14: limit sympathy.
43:00
Speaker 2: Yeah, you were right. And of course this leftist contagion
43:04
Speaker 2: isn't just based only in the United States. We've got
43:06
Speaker 2: the BBC Kosher. They're really under fire because they reported
43:10
Speaker 2: this story about an Afghan man and it was sort
43:13
Speaker 2: of tea and sympathy for this bloke, poor old man
43:16
Speaker 2: forced to sell his children, his daughter's young daughters, I
43:19
Speaker 2: might say, into sexual slavery. There was barely a mention
43:24
Speaker 2: of the Teliban, barely a mention of Islamist extremism here.
43:29
Speaker 2: This is also shocking kosher.
43:34
Speaker 15: Yes, I think they wrapped it up in sort of
43:36
Speaker 15: a story of he was allegedly trying to save her
43:39
Speaker 15: life medically and had to do that in order to
43:41
Speaker 15: appey for the medical bills, and that was sort of
43:42
Speaker 15: how they were flipping it on its head. You know,
43:45
Speaker 15: we know that this is what most of the mainstream
43:47
Speaker 15: media has been doing. They've sort of got their pet
43:50
Speaker 15: projects or their pet narratives, and most of the stories
43:53
Speaker 15: fit into those. I will say that the BBC, of
43:56
Speaker 15: course benefits from being largely tax pair funded, and so
43:59
Speaker 15: even if the journalist integrity isn't there things are lopsided financially,
44:03
Speaker 15: they can be propped up The New York Times. Going
44:06
Speaker 15: back to that, I will say it is interesting though
44:08
Speaker 15: that their profitability and the subscriber base has only gone up,
44:11
Speaker 15: up and up despite that. And I think that's a
44:13
Speaker 15: broader point of just journalism today seems to know what
44:16
Speaker 15: the audience is and wants to cater to their captive,
44:19
Speaker 15: native audience rather than actually trying to do proper journalism.
44:22
Speaker 15: And it's a sad state of affairs, and that's why
44:24
Speaker 15: trust is very, very low in all these institutions.
44:28
Speaker 2: Let's go back to Beijing, because almost as soon as
44:30
Speaker 2: we had Air Force one leave the tarmac, we had
44:32
Speaker 2: the Russian president of Vladimir Putin arrived. There were opening
44:36
Speaker 2: remarks between the two nations, a lot of bonamei and
44:41
Speaker 2: reports that they're struck some twenty deals. Michael, on paper,
44:45
Speaker 2: looks like Putin came away with more than Trump. How
44:48
Speaker 2: concerned should we be?
44:51
Speaker 14: Well, she told him that he was very concerned about
44:54
Speaker 14: the law of the jungle becoming the byword of international politics.
44:59
Speaker 14: Let me train that communist jargon for your listeners and
45:03
Speaker 14: for you, Peter. What he means is the Americans are
45:06
Speaker 14: showing signs of political and economic vigor that we didn't expect,
45:11
Speaker 14: and they are fighting back. Let's hope that Trump and
45:15
Speaker 14: Rubio are able to continue that vigor. Never underestimate the Americans, Peter.
45:21
Speaker 14: That is a country of economic dynamism and science and innovation,
45:26
Speaker 14: and communists, either in Russia or Beijing can't replicate the
45:34
Speaker 14: free world system.
45:37
Speaker 2: You have been watching Cuba closely, for as kosher I
45:41
Speaker 2: picked up today, there was that US Department indicting of
45:45
Speaker 2: the former Cuban president Rabul Castro. It relates to a
45:48
Speaker 2: nineteen ninety six shooting down of civilian planes. But of course,
45:53
Speaker 2: if they get him out of Havana, they get him
45:56
Speaker 2: anywhere in the United States. If there's prosecutions, there'll be
45:58
Speaker 2: a whole lot of stuff. We've got people there living
46:01
Speaker 2: without fuel in Cuba, maybe without power. What's going on?
46:07
Speaker 2: What's the long game here for the United States with Cuba?
46:12
Speaker 15: You know, it's a great question because the long game
46:15
Speaker 15: always historically was believed to be to cause the country
46:19
Speaker 15: to implode on its own weight economically, and that project
46:22
Speaker 15: has largely been successful. If that was the goal, as
46:25
Speaker 15: you mentioned, there completely failed economy and then after the
46:29
Speaker 15: Venezuela capture of Maduro, which Venezuela of course was the
46:34
Speaker 15: biggest source of energy to Cuba. That was sort of
46:36
Speaker 15: the last nail in the coffin. And they're completely running
46:39
Speaker 15: on blackouts, no electricity, no power, hospitals aren't running, so
46:42
Speaker 15: it's really really dire straits. And so if that were
46:44
Speaker 15: the goal, this indictment feels like maybe it's the last
46:48
Speaker 15: straw to really stick it to the current administration, which
46:51
Speaker 15: even Tho Rolo Caster is ninety five years old, he
46:53
Speaker 15: sort of runs it and that's what it's about. Other
46:57
Speaker 15: theories are that it's a little bit pretextual, and it
46:59
Speaker 15: could be that there is a little bit more action
47:01
Speaker 15: potentially going into that. I don't think I would expect
47:04
Speaker 15: to see boots on the ground right now in the US.
47:06
Speaker 15: There's too many risks around that. But that's another thing
47:08
Speaker 15: that is brewing. Marco Ruby, of course is Cuban and
47:12
Speaker 15: is more hawkish and bullish on doing something more aggressive
47:15
Speaker 15: with it. So we shall see. This is a pretext
47:17
Speaker 15: for something more.
47:19
Speaker 2: Michael, we've got about a minute, but I want to
47:20
Speaker 2: get your take on those comments from Trump in relation
47:23
Speaker 2: to Benjamin that ya who's saying basically, he'll do whatever
47:26
Speaker 2: I want because we're getting close to a potential deal
47:30
Speaker 2: with Iran over nuclear Is that going to hurt him?
47:33
Speaker 2: And does he just do what Trump wants him to do.
47:36
Speaker 14: Look, Trump is very highly thought of in Israel. The
47:40
Speaker 14: Israelis do what Australia should do, and that is stick
47:43
Speaker 14: very close to American skirts. They should continue to do that.
47:48
Speaker 14: Natanyahu and Israel are very concerned about the ongoing Iranian
47:53
Speaker 14: nuclear option and ballistic missiles, and I think so far
47:57
Speaker 14: they've been able to derogate that very strongly.
48:01
Speaker 3: And let's see if that continues.
48:03
Speaker 14: I don't believe the Iranians are going to offer a deal.
48:06
Speaker 14: They prefer Obama and he's not there anymore.
48:09
Speaker 2: I'll leave it there. Thank you to you both. Thank
48:12
Speaker 2: you my wonderful audience. You are always amazing. But my
48:15
Speaker 2: goodness me for Doug and Kybird, you have been phenomenal
48:18
Speaker 2: this week. Thank you, thank you, thank you. I'll see
48:21
Speaker 2: you on Monday. Here's Andrew