Transcript

Sharri | 5 May · Sharri

0:01
Speaker 1: Live on Sky News. This is Sharry.
0:07
Speaker 2: Good Evening coming up tonight. The Albanezy government is planning
0:10
Speaker 2: a budget cash splash, but IRBA Governor Michelle Bullock says
0:14
Speaker 2: it risks fueling inflation. This is rates rise for the
0:18
Speaker 2: third time this year and concerns about recession remain. Full
0:23
Speaker 2: analysis with AMP Chief economist Shane Oliver well anti semitism
0:28
Speaker 2: out the Sydney Riders Festival at public schools and by
0:31
Speaker 2: strangers on public transport. More harrowing stories emerged the second
0:36
Speaker 2: day of the Royal Commission.
0:38
Speaker 3: Dave Sharma will.
0:39
Speaker 2: Be here with the latest, and the globalizing ATAFATA Forum
0:43
Speaker 2: is going ahead as we speak at a Sydney park.
0:47
Speaker 2: We'll cross live to our reporter who's there on the
0:49
Speaker 2: ground to let you know what the speakers are saying.
0:52
Speaker 2: Plus the editor whose campaign led to Clover Moore's backflip.
0:56
Speaker 3: Will join me live.
0:58
Speaker 2: But first tonight, the Albani government has a major inflation challenge.
1:03
Speaker 2: The Iran war is exacerbating it. We're at the risk
1:06
Speaker 2: of a recession and the planned budget cash splash could
1:10
Speaker 2: make the crisis worse. That's the takeout from the RBA
1:14
Speaker 2: press conference today, held after rates rose by twenty five
1:18
Speaker 2: basis points to four point three five percent, the third
1:22
Speaker 2: rise this year. Here's Governor Michelle Bullock explaining the problem.
1:27
Speaker 4: Inflation in Australia was already too high before the recent
1:30
Speaker 4: conflict in the Middle East began. Some of the increase
1:33
Speaker 4: in inflation was being generated by economy wide capacity pressures,
1:38
Speaker 4: including ongoing tightness in the labor market. The conflict adds
1:42
Speaker 4: to global and domestic inflation.
1:45
Speaker 2: So inflation was a challenge before the war, despite Anthony
1:49
Speaker 2: Albanesi repeatedly claiming it.
1:51
Speaker 3: Was under control.
1:53
Speaker 2: Inflation is expected to peak in June at four point
1:57
Speaker 2: eight percent and then hopefully it or come down if
2:00
Speaker 2: oil prices start to fall. Yet, even as inflation is
2:05
Speaker 2: still rising, the Albanezy government is reportedly planning to inject
2:09
Speaker 2: stimulus into the economy, working precisely against the RBA. Economics
2:15
Speaker 2: reporter Matthew Cranston today revealed that the Albaneze government is
2:19
Speaker 2: set to announce a major multi billion dollar cash splash
2:23
Speaker 2: for all working Australians as its centerpiece cost of living
2:28
Speaker 2: support in the May budget, adding pressure to the reserve
2:31
Speaker 2: banks fight against inflation and interest rate decisions. He reports
2:36
Speaker 2: this is expected to be worth two to three hundred
2:39
Speaker 2: dollars for every taxpayer, and Cranston asked Michelle Bullock about
2:44
Speaker 2: this at the press conference today and she was pretty
2:47
Speaker 2: clear that more government spending and more stimulus, more money
2:52
Speaker 2: in people's pockets could fuel inflation.
2:56
Speaker 5: In your statement of monetary policy to that, you say
3:00
Speaker 5: sort of raise this point, you say governments may consider
3:02
Speaker 5: policies to support households and businesses. So my question is
3:08
Speaker 5: I'm not looking for your advice to government. I don't want,
3:10
Speaker 5: I know not to ask you for that, but can
3:13
Speaker 5: you explain to Australians how these sort of policies may
3:18
Speaker 5: help or hinder your fight against inflation and more importantly,
3:24
Speaker 5: you'll fight against inflation expectations.
3:27
Speaker 4: If we are increasing interest rates, what we are trying
3:30
Speaker 4: to do is slow growth in demand on the extent
3:33
Speaker 4: to which government make up the shortfalls for households. By
3:40
Speaker 4: giving them more money, it makes it harder to damp
3:43
Speaker 4: and demand.
3:46
Speaker 2: So Blick admitting they're that giving households more money makes
3:49
Speaker 2: the inflation battle more difficult, thus increasing the chance of
3:54
Speaker 2: having to raise rates again. The Governor was also asked
3:58
Speaker 2: about the risk of a recession. Well, and she admitted
4:01
Speaker 2: it was a risk.
4:02
Speaker 4: Yes, it's possible that we have given too much weight
4:08
Speaker 4: to the inflationary risks and we haven't given enough weight
4:12
Speaker 4: to the possibility that consumption will pull back quite a lot.
4:16
Speaker 4: At the moment, we think in our baseline scenario that
4:20
Speaker 4: that's not going to happen, that growth is going to
4:23
Speaker 4: be anemic, but it will. The economy will still grow,
4:26
Speaker 4: but there's always that risk.
4:29
Speaker 2: The Prime Minister is trying to entirely pin the blame
4:32
Speaker 2: for the inflation challenge on the Middle East, but Michelle
4:36
Speaker 2: Bullock today said she would have had to raise rates
4:38
Speaker 2: possibly twice this year anyway, even without the war at Iran, if.
4:44
Speaker 5: There was no conflict in Iran.
4:48
Speaker 6: Do you think that you personally would have voted for
4:50
Speaker 6: an interest rate rise today.
4:52
Speaker 4: We already had a problem with inflation, as I said,
4:56
Speaker 4: because we had excess demand. Would we have had to
4:59
Speaker 4: have three increases? I don't know the answer to that,
5:03
Speaker 4: but what I can say is that this oil shock
5:08
Speaker 4: that has been driven by what's gone on in the
5:10
Speaker 4: Middle East, this has complicated things immensely. It's quite possible
5:15
Speaker 4: that we wouldn't have had to increase interstrates a third
5:20
Speaker 4: time if the shock hadn't occurred. But the fact is
5:23
Speaker 4: the shock did occur. It occurred at a time when
5:26
Speaker 4: inflation was already too high.
5:29
Speaker 2: Treasurer Jim Chalmers held his press conference before Bullocks. He
5:34
Speaker 2: admitted there was a pre existing inflation challenge that had
5:37
Speaker 2: been made worse by the Middle East. He spoke about
5:40
Speaker 2: the need for a responsible budget to help the fight
5:44
Speaker 2: against inflation. They were sensible remarks and let's hope that
5:48
Speaker 2: the budget a week today delivers and doesn't worse than
5:53
Speaker 2: the problem with an irresponsible cash splash designed.
5:57
Speaker 3: To win votes.
6:02
Speaker 2: All Day two of the Royal Commission into Anti Semitism
6:04
Speaker 2: heard stories of shocking racism within the public school system.
6:10
Speaker 2: Anti Semitism in schools has been underreported and underestimated, as
6:15
Speaker 2: has the impact of all of this on Australian Jewish children. Today,
6:21
Speaker 2: Jewish mothers, including Natalie Levy, spoke about the anti Semitism
6:25
Speaker 2: that her daughter has faced at school by fellow students.
6:31
Speaker 7: She sees swastikas etched all around the school children saying
6:37
Speaker 7: harl Hitler and putting up there in a salute. She's
6:43
Speaker 7: one of two Jewish children at that school and she
6:49
Speaker 7: sees things that no fifteen year old should see.
6:54
Speaker 2: Natalie also spoke about the Jewish community's grief after Bondye,
6:59
Speaker 2: very emotional, saying, we couldn't afford to lose more people.
7:04
Speaker 7: This pin represents everything that we lost, all the people
7:09
Speaker 7: that we lost in our community due to two years
7:14
Speaker 7: of unchecked and vile anti Semitism, and we can't afford
7:23
Speaker 7: to ever be in this situation, and we can't afford
7:27
Speaker 7: to lose any more people.
7:30
Speaker 2: Yeah, it was a very moving moment. Another mother, who
7:34
Speaker 2: didn't want her name in the public domain, revealed that
7:36
Speaker 2: her son was too afraid to even tell his friends
7:40
Speaker 2: he's Jewish because of the extent of antisemitism and some
7:44
Speaker 2: of the anti Semitic abuse at school and online, she
7:47
Speaker 2: said included phrases such as dirty jew, chance of ju Jujeu,
7:53
Speaker 2: Holocaust related abuse, and plans to dress up as Hitler
7:58
Speaker 2: or the bonde shooters.
8:00
Speaker 8: They joked about dressing up as Erlf Hitler or the
8:04
Speaker 8: Bondai shooters that was, and they also joked to him
8:08
Speaker 8: that we think you that you should dress up as
8:10
Speaker 8: an Isis guard.
8:11
Speaker 1: You'd make a good is This guard.
8:12
Speaker 6: Did he tell you how he responded?
8:15
Speaker 5: To those sorts of comments.
8:18
Speaker 8: His main response, as far as I'm as far as
8:22
Speaker 8: I know, is to just go quiet, say nothing.
8:25
Speaker 1: He doesn't laugh, he won't laugh. He won't part of
8:28
Speaker 1: the joke. But he won't.
8:30
Speaker 8: But he is too afraid to say anything.
8:36
Speaker 2: Another mother, a good friend of mine, Dina, spoke beautifully
8:40
Speaker 2: about the impact of this on the Jewish community. It
8:44
Speaker 2: was heartbreaking when she said that her eight year old
8:46
Speaker 2: started crying when visiting Bondi, saying she didn't want to die.
8:51
Speaker 2: And Dina also spoke about the impact of the Opera
8:54
Speaker 2: House protest from October nine.
8:57
Speaker 9: I when you hear angry, violent protesters burning an Israeli
9:03
Speaker 9: flag and shouting where are the Jews encircled by police
9:08
Speaker 9: who are not interfering? As a Jew, you feel scared?
9:16
Speaker 2: She articulated a sentiment that many of us can relate to.
9:20
Speaker 2: And Dina also spoke about the difference in security at
9:22
Speaker 2: the Jewish school that she attended as a child compared
9:26
Speaker 2: to the same school now attended by her own children.
9:30
Speaker 9: We'd sit on the grass outside of the school, just
9:34
Speaker 9: right in front of the road. There was a teacher
9:36
Speaker 9: there supervising that you got into the correct car. But
9:40
Speaker 9: as far as my memory serves me, that was it
9:44
Speaker 9: that exact same school. Now my children go to school
9:48
Speaker 9: with concrete ballards lining the walkway so that they don't
9:51
Speaker 9: get rammed with a car, high security fences, security guards,
9:58
Speaker 9: volunteer security guards, often police.
10:02
Speaker 2: I mean, this devastating reality of how our children are
10:05
Speaker 2: under threat brought tears to my eyes. When Dina was
10:08
Speaker 2: giving her evidence, then the principal at a Melbourne Jewish school,
10:12
Speaker 2: Jeremy Stowe Lindler Lindner, spoke about touring a university when
10:18
Speaker 2: a speaker made offensive comments. The group left the room
10:21
Speaker 2: before returning, and he said that afterwards some of the
10:24
Speaker 2: other students spat on the Jewish teachers.
10:30
Speaker 10: They were certainly, in their view cumulated by the lecture
10:34
Speaker 10: in front of all the students, and in the lunch
10:37
Speaker 10: break immediately afterwards they were spat on by two students
10:40
Speaker 10: from another school.
10:42
Speaker 2: He also spoke about how Jewish families have to pay
10:45
Speaker 2: a security tax and commented that no other community has
10:48
Speaker 2: to pay this. SBS board member vick Alidef, the former
10:52
Speaker 2: chair of Multicultural New South Wales and former President of
10:55
Speaker 2: the Jewish Board of Deputies, also gave evidence today and
11:00
Speaker 2: one of the things he spoke about was antisemitism.
11:03
Speaker 3: At the Sydney Writers' Festival just last.
11:06
Speaker 11: Year, the topic was antisemitism and social cohesion. There are
11:10
Speaker 11: two very eminent authors on the stage and towards the
11:16
Speaker 11: end of the towards the end of the session, as
11:19
Speaker 11: proximately between fifty and sixty minutes, there was Q and
11:22
Speaker 11: A at which a woman stood got to her feet
11:27
Speaker 11: and said, we're all quote unquote, we're all missing the
11:30
Speaker 11: elephant in the room, the Jewish tentacles. The most concerning
11:35
Speaker 11: part about all of that was that was the unashamed
11:40
Speaker 11: brazenness with which anybody could stand up in front of
11:44
Speaker 11: three four hundred people and put out this appalling racist
11:49
Speaker 11: trope the Jewish people have tentacles and are using them
11:54
Speaker 11: to nefariously shape society to their will. Sadly, there was
11:58
Speaker 11: no rebuttal and the three to four hundred people would
12:01
Speaker 11: have exited that room with that racist image of Jewish people.
12:07
Speaker 11: There it is in mainstream society. At the Senney Ratis Festival.
12:12
Speaker 2: And vic Aladef gave other examples too, including how interfaith
12:16
Speaker 2: relations fell apart after October seven, with members holding Australian
12:20
Speaker 2: Jews to account for Palestinians in Gaza. Another witness who
12:26
Speaker 2: was at the Bondaikhanako attack spoke about the bias of
12:30
Speaker 2: the ABC.
12:31
Speaker 3: This is Leah Levy.
12:33
Speaker 12: Have to spend about thirty seconds on the lift to
12:36
Speaker 12: go up to my office. There is a screen playing
12:39
Speaker 12: the ABC and every single morning during the war, a
12:43
Speaker 12: hard tool look at the headline of all of these
12:48
Speaker 12: accusation against Israel, but always one said they never talked
12:53
Speaker 12: about Israeli Spain.
12:56
Speaker 2: Another witness near Golan grew emotional as he recounted hatred
13:01
Speaker 2: towards him.
13:02
Speaker 3: This included a.
13:03
Speaker 2: Stranger approaching him in public, doing the Nazi salute and
13:08
Speaker 2: holding his finger to his head like a gun.
13:11
Speaker 3: He reported it to police, but police.
13:14
Speaker 2: Then encouraged him to drop the complaint, apparently saying they
13:17
Speaker 2: didn't like the chances of a prosecution.
13:20
Speaker 3: Then another witness spoke.
13:22
Speaker 2: About a terrible comment being made at the Australian Open
13:25
Speaker 2: in January this year.
13:27
Speaker 13: She went on to talk about that the job that
13:31
Speaker 13: they did in Bontai wasn't good enough and they should
13:35
Speaker 13: have killed more, and that Jews are the worst.
13:38
Speaker 2: And a Jewish paramedic spoke about a patient also doing
13:42
Speaker 2: a Nazi salute and refusing treatment, refusing medical care because
13:46
Speaker 2: of his Jewish religion. Another witness spoke about being abused
13:51
Speaker 2: on a train and like near Golan, he said no
13:54
Speaker 2: one intervened to help him. Now, these are the regular
13:58
Speaker 2: everyday stories that were we don't usually hear about, but
14:02
Speaker 2: it's really painting a picture of how far Australia has fallen,
14:06
Speaker 2: the depths we've sunk as a nation. These hearings are
14:10
Speaker 2: in a sense cathartic long silence truths finally being articulated, acknowledged,
14:17
Speaker 2: put on the.
14:18
Speaker 3: Public record in the media.
14:21
Speaker 2: But you also can't separate it from the depth of
14:23
Speaker 2: emotion that it does stir, because each testimony is drawn
14:28
Speaker 2: from real pain at how life has changed and the
14:32
Speaker 2: knowledge that none of this should have been allowed to
14:35
Speaker 2: happen in modern Australia. As we went to air last night,
14:42
Speaker 2: the news was breaking that Sydney Lord Mayor Clover Moore
14:45
Speaker 2: had counceled the event called why It's Right to Say
14:49
Speaker 2: Globalize the INTERAFATA, where she'd counseled it from a council
14:53
Speaker 2: owned venue, but the organizers have gone ahead anyway, with
14:57
Speaker 2: the event unfolding tonight as we speak. A Sydney park
15:01
Speaker 2: now on screen right now some of the scenes as
15:04
Speaker 2: it unfolded.
15:04
Speaker 3: You can have a look.
15:06
Speaker 2: One counselor, Ahmed Ulf wrote on social media before the event.
15:10
Speaker 2: We will globalize it, whether you like it or not.
15:13
Speaker 2: He said, more people are waking up, more chains will break.
15:17
Speaker 2: He also wrote in another post, it's not just okay
15:20
Speaker 2: to say it. It is important that you do, but
15:23
Speaker 2: what matters more is that you live it. Don't just
15:27
Speaker 2: say it. Live it, become it, he says. Be someone
15:29
Speaker 2: who carries that resistance with them everywhere they go, being
15:32
Speaker 2: into fada, walking on the face of earth.
15:36
Speaker 3: Pretty outrageous stuff.
15:38
Speaker 2: Opposition leader Kelly Sloane says this shouldn't have gone ahead,
15:43
Speaker 2: and she says the Jewish community just shouldn't have to
15:45
Speaker 2: fight so hard.
15:48
Speaker 7: Yeah about bloody time.
15:49
Speaker 3: You know, I'm glad that she's changed her mind.
15:52
Speaker 7: Our Australian Jewish community should not have to fight this
15:56
Speaker 7: hard for their personal safety.
15:59
Speaker 2: The new Southwelle premier spoke against it, but claimed he
16:02
Speaker 2: was powerless to shut it down.
16:05
Speaker 14: Look, I am concerned about it. I've made it really
16:07
Speaker 14: clear that I think that phrase, that phraseologies is antithetical
16:14
Speaker 14: to the kind of community that we want to live in,
16:16
Speaker 14: and my senses that a call to globalize the Intervada
16:21
Speaker 14: is a call to globalize violent uprising, which is the
16:25
Speaker 14: opposite of what we want to have in New South Wales.
16:28
Speaker 14: That's the whether they've sought police permission, I don't know.
16:33
Speaker 3: Now.
16:33
Speaker 2: Intervarda refers to the violent uprising against innocent civilians that
16:37
Speaker 2: marked the first and second Intervardas in Israel. It's unacceptable
16:42
Speaker 2: that these despicable events could be glorified and encouraged, and
16:46
Speaker 2: worse than that, it risks, in my view, it firmly
16:51
Speaker 2: risks inciting violence. This is too dangerous in this climate
16:56
Speaker 2: of anti Semitism and terrorism. And I'll come back to
17:04
Speaker 2: that topic both with the editor of the Daily Telegraph,
17:06
Speaker 2: Ben English, but Assib will cross live to the scene
17:08
Speaker 2: shortly now. Home Affairs Minister Tony Burke has serious questions
17:13
Speaker 2: to answer tonight after American streamer known as Sneako, a
17:18
Speaker 2: man recorded praising Hitler, pushing anti Semitic bio and being
17:22
Speaker 2: banned from major social media platforms, was given.
17:26
Speaker 3: A visa to enter Australia. This is the same.
17:30
Speaker 2: Government that has blocked Israeli figures like simkha Rothman, Hillel
17:34
Speaker 2: FD and ile At Shaked from coming here. Yet somehow
17:40
Speaker 2: this extremist man, along with others, has made it through
17:43
Speaker 2: the visa vetting system and is now traveling the country.
17:46
Speaker 3: And it gets worse.
17:48
Speaker 2: One of the first people Sneako met with here was
17:51
Speaker 2: Ahmed Hirachi, known as the Muslim Undertaker. He's the father
17:56
Speaker 2: of a convicted ISIS terrorist Buran Haachi. Buran is currently
18:01
Speaker 2: serving thirty four years in Golden Supermacs for offenses including
18:05
Speaker 2: a horrific racial attack on a white Australian ex soldier.
18:09
Speaker 2: In prison, he carved the ISIS slogan I for I
18:14
Speaker 2: or e fo E meaning I for I into his
18:16
Speaker 2: victim's forehead with a razor after water boarding him with
18:19
Speaker 2: hot water and breaking his stern. The images are online
18:23
Speaker 2: and they're horrific. Now, to be clear, there's no suggestion
18:26
Speaker 2: of any wrongdoing by his father, Ahmed for actions that
18:30
Speaker 2: from his son, with whom he says he lost contact
18:33
Speaker 2: a long time ago. But when someone with Sneaker's history
18:37
Speaker 2: lands in Australia, Australians are entitled to ask who he
18:41
Speaker 2: is meeting, what is doing here and why Tony Burke's
18:44
Speaker 2: department let him in at all. Now, my understanding is
18:48
Speaker 2: that Tony Burk's office is reviewing the decision, but no
18:51
Speaker 2: outcome yet. Will joining me be now to discuss his
18:55
Speaker 2: liberal senator Dave Shama, Dave, great to see, thank you
18:58
Speaker 2: for being here.
18:59
Speaker 15: Good evening.
19:00
Speaker 2: Now, the hypocrisy compared to the mainstream Israelis who've been
19:06
Speaker 2: canceled is quite staggering.
19:08
Speaker 15: It's staggering. I mean, Tony Burke and his department in
19:11
Speaker 15: his office seem to vet every former Israeli member of
19:14
Speaker 15: Parliament or prominent Israeli public figure that comes here, and
19:18
Speaker 15: they've got an opinion on them, and they take an
19:20
Speaker 15: active decision whether to issue them a visa or not. Now,
19:22
Speaker 15: I have no difficulty in scrutinizing the conduct of people
19:25
Speaker 15: coming to Australia making sure they're not stirring up social division,
19:29
Speaker 15: but that needs to be applied equally. How can someone
19:31
Speaker 15: like Sneako who's been bad from YouTube? I mean YouTube
19:34
Speaker 15: has said you can no longer operate on our channels
19:37
Speaker 15: and platforms. But here's Tony Brook's department giving him a
19:39
Speaker 15: platform across our entire nation and He's not the first.
19:43
Speaker 15: I mean, we've had at least two, by my accounts,
19:46
Speaker 15: radical hate preachers being allowed into Australia by Tony Burok's
19:50
Speaker 15: department given a visa whose visas have only been canceled
19:53
Speaker 15: after a public outcry. That's simply not good enough.
19:56
Speaker 2: Mike Bazzula was on the show last night and he
19:59
Speaker 2: said that he thought that the Intelligence division within Home
20:04
Speaker 2: Affairs had been dismantled.
20:06
Speaker 3: Do you think this needs to be examined.
20:08
Speaker 2: To see whether that's true or whether the current visa
20:11
Speaker 2: vetting process is just failing?
20:13
Speaker 15: Well, I'm just not sure if they I mean, they
20:16
Speaker 15: seem to work when if you applied for a visa
20:18
Speaker 15: from Israel. The Intelligence Division Home Affairs seems to do
20:20
Speaker 15: its job right. Why is it not being used to
20:24
Speaker 15: target people coming from other areas with equally potentially more
20:28
Speaker 15: abominable views. I mean, I think this is a question
20:30
Speaker 15: of priority and direction from the minister. He's got a
20:32
Speaker 15: vast department. The Home Affairs Department is vast. It seems
20:35
Speaker 15: to be able to do its job properly in some situations.
20:38
Speaker 15: Why is it continually to drop the ball in these
20:41
Speaker 15: sorts of scenarios?
20:42
Speaker 2: Although when you say do its job properly, I mean
20:44
Speaker 2: you could argue that they're the wrong decisions.
20:47
Speaker 15: Well yeah, I mean I would disagree with them. But
20:49
Speaker 15: they seem to be able to scrutinize people before they
20:51
Speaker 15: come to Australia when it suits them. But when these
20:54
Speaker 15: sorts of people come in, they only fess up after
20:57
Speaker 15: a public outcry begins, and they only review the fact
21:00
Speaker 15: of the case and the circumstances after people you know,
21:04
Speaker 15: like your show, like other journalists, raise concerns and it's
21:07
Speaker 15: just been allowed to happen.
21:08
Speaker 2: And maybe that's why they're not counseling it because at
21:10
Speaker 2: the moment, it's only Sky News reporting this, no one else,
21:14
Speaker 2: is no other media outlets reporting this. Maybe Tony Berksoffers
21:17
Speaker 2: just think they can get away with it.
21:19
Speaker 3: I don't know.
21:20
Speaker 15: It seems to be that the only thing that gets
21:22
Speaker 15: action out of his office on these issues is sustained
21:25
Speaker 15: media pressure.
21:26
Speaker 3: Yeah.
21:26
Speaker 2: I want to turn to the rate rise today. You
21:29
Speaker 2: heard what Michelle Bullock had to say. Do you think
21:32
Speaker 2: there is concern that the government's handouts, as detailed by
21:36
Speaker 2: Matthew Cranston and The Australian Today, could be inflationary.
21:40
Speaker 15: I think there's no doubt they are inflationary. And Michelle
21:43
Speaker 15: Bullock has been saying very diplomatically but very clearly over
21:47
Speaker 15: the past twelve to twenty months that public demands, she
21:50
Speaker 15: describes it, government spending in parts of the economy is
21:53
Speaker 15: a big part of the inflation problem.
21:55
Speaker 3: Now.
21:56
Speaker 15: While we've had another rate rise today, why, in fact
21:58
Speaker 15: we've had fifteen rises under this Labor government now interest
22:02
Speaker 15: rates have gone up by four whole percentage points since
22:05
Speaker 15: Labor came to office is because government spending has been
22:07
Speaker 15: too high. I mean it's the highest it's ever been
22:10
Speaker 15: outside the pandemic in forty years. The last budget, government
22:13
Speaker 15: spending was growing at four times the rate of the economy.
22:16
Speaker 15: That is having a huge inflationary impact, bidding up the
22:18
Speaker 15: prices of goods, of labor, of essential services. And that's
22:22
Speaker 15: what the Reserve Bank is having to manage. And that's
22:24
Speaker 15: well before this oil shop from the Middle East. I mean,
22:27
Speaker 15: as Michelle Bullok said today, inflation was already a problem
22:31
Speaker 15: in Australia and all that's happening in the Middle East
22:33
Speaker 15: now is just making man issue worse.
22:35
Speaker 2: She kind of said, really it was only the third
22:37
Speaker 2: rate raise we might not have had the Iran War
22:41
Speaker 2: not happened. I'm just interested though that it seems like
22:44
Speaker 2: the government handouts could be inflationary in two ways. One
22:47
Speaker 2: government spending, but also obviously the impact of stimulus putting
22:51
Speaker 2: more money in people's pockets at the very time as
22:54
Speaker 2: you know, the rate rises are meant to be curbing
22:58
Speaker 2: some of that spending.
22:59
Speaker 15: No very trend it. I mean, we argued against the
23:03
Speaker 15: way the government did this fuel excise levy cut recently,
23:06
Speaker 15: because whereas liberals supported cutting a fuel excise levey, but
23:09
Speaker 15: we wanted to offset it with savings elsewhere in government
23:11
Speaker 15: spending so the net impact would not be inflationary. The
23:14
Speaker 15: government ignored that view. They just put the money straight
23:16
Speaker 15: into the economy, bit it up inflation. It depends on
23:19
Speaker 15: how they choose to pay for this. But if it's
23:21
Speaker 15: adding to government debt, I mean, it's adding to all
23:23
Speaker 15: of our interest rate payments, and if there's no offsetting
23:26
Speaker 15: savings measures, then the net impact will be yes more
23:29
Speaker 15: inflation and making the Reserve Bank job harder.
23:31
Speaker 2: Very difficult for the coalition though to argue against handouts
23:36
Speaker 2: that will make, you know, is the cost of living crisis.
23:38
Speaker 2: I mean it puts the coalition a very difficult political decision,
23:42
Speaker 2: political situation.
23:43
Speaker 15: Look, but I mean I accept, yes, the politics might
23:46
Speaker 15: not be easy and it depends what the government comes
23:48
Speaker 15: up with. But I think the Australians, you know, they
23:50
Speaker 15: want a government and an alternative government that is oddest
23:53
Speaker 15: with them about the problems. I mean, labor's busy handing
23:55
Speaker 15: out band aids to try and staunch a wound that
23:58
Speaker 15: is not mending. And the wound is not mending because
24:02
Speaker 15: spending is too high. And I think Australia, you might
24:05
Speaker 15: give me three hundred bucks today, but if I'm pushed
24:07
Speaker 15: into a higher tax bracket next year because a bracket creep,
24:09
Speaker 15: if my electricity bills continue to rise by twenty five percent,
24:12
Speaker 15: if I'm paying an average Australian's paying thirty thousand dollars
24:15
Speaker 15: more a year in interest on their mortgage wats three
24:17
Speaker 15: hundred dollars.
24:18
Speaker 2: It gets unious, very very quickly. Before you go, I
24:22
Speaker 2: want to ask you about the Royal Commission. As you know,
24:24
Speaker 2: I just played so many of the emotional comments from today.
24:28
Speaker 2: One thing I didn't mention is that Jewish children we
24:30
Speaker 2: also heard evidence today that they're being drilled on how
24:33
Speaker 2: to survive a terror attack at one particular school. I mean,
24:37
Speaker 2: this is a shocking sign of where our.
24:39
Speaker 3: Country is at.
24:39
Speaker 2: And Dave, even though we you and I know this,
24:43
Speaker 2: hearing it laid out like this, it is it is
24:48
Speaker 2: very confronting.
24:49
Speaker 15: It is it's heartbreaking some of the things you hear.
24:51
Speaker 15: And I think you know people who familiar with these
24:55
Speaker 15: schools have had children there or know the community. Well, no,
24:57
Speaker 15: this has been the lived reality now for some time.
25:01
Speaker 15: But I think this is in one of the important
25:03
Speaker 15: facets of the Royal Commission that every day Australians who
25:06
Speaker 15: have no direct experience of this and thinking, wow, imagine
25:09
Speaker 15: if my children had to go to a school and
25:11
Speaker 15: live like that and had to put up with this.
25:14
Speaker 15: And I think they should be learning to recognize, as
25:16
Speaker 15: we all should, that it cannot be acceptable that Jewish
25:19
Speaker 15: Australians have to live in an entirely different mindset and
25:23
Speaker 15: with an entirely different set of fears and insecurities and
25:25
Speaker 15: anxieties than anyvery other Australian. It's just not right. It's
25:28
Speaker 15: just not Australian.
25:30
Speaker 2: Dave, thank you so much for being here. Really appreciate
25:32
Speaker 2: your analysis as always, Thank you.
25:34
Speaker 15: Thanks so much sharing.
25:36
Speaker 2: All right, well, the Globalizing Interoparta Forum is underway right
25:40
Speaker 2: now at a Sydney park and let's cross live there.
25:43
Speaker 2: Sky News senior Sydney repotter Matt Taylor is on the scene. Matt,
25:47
Speaker 2: what has unfolded tonight?
25:51
Speaker 16: Hi, though, Shari, Well, the event has ended. It was
25:54
Speaker 16: short and sharp, about an hour and a half, starting
25:56
Speaker 16: about six pm local time, wrapping up really by about
26:00
Speaker 16: seven thirty was taking place just behind you can see
26:02
Speaker 16: everyone has gone. But of course the theme of this
26:05
Speaker 16: gathering why it's right to say globalizing into fata. So
26:09
Speaker 16: as you can imagine, there were lots of chance, globalizing
26:12
Speaker 16: into fart lots of chance from the river to the sea,
26:14
Speaker 16: and that was really the tone of the event. That
26:16
Speaker 16: was ofcause canceled by the Lord Mayor Clover Moore this
26:19
Speaker 16: time yesterday, but organizers decided to proceed with the event
26:23
Speaker 16: and shifted it just down the road here to this
26:25
Speaker 16: park in inner City Sydney. About two hundred people. There
26:28
Speaker 16: was a large police presence as well a variety of speakers.
26:31
Speaker 16: One of those was a Gaza Aid activist. This is
26:34
Speaker 16: Ethan Floyd and he took to the microphone and basically
26:38
Speaker 16: commented about what he encountered when dealing with the IDF
26:42
Speaker 16: in Israel, being detained as part of one of those
26:45
Speaker 16: flotilla's trying to take aid to Gaza. This is some
26:48
Speaker 16: of what he had to tell the It was a
26:50
Speaker 16: rather small group, about two hundred people that were here.
26:53
Speaker 16: I was reminded in a really stark way of what
26:57
Speaker 16: this boteler is about.
26:58
Speaker 5: It's youtiful people, hundreds and hundreds of.
27:01
Speaker 2: Beautiful officially, all of them speak different language, doings, come
27:04
Speaker 2: from different.
27:04
Speaker 10: Faces, carried to the cultures and.
27:07
Speaker 5: Histories, but all share a set of principles and all
27:11
Speaker 5: share one goal, which is to break seech and to
27:14
Speaker 5: get aid to gather.
27:19
Speaker 16: Of course, the New South Wales government has condemned this
27:22
Speaker 16: gathering going ahead because canceled by the Lord Mayor, the
27:24
Speaker 16: New South Wales Premier Chris Men saying he agreed with
27:27
Speaker 16: that decision. And really people that were here speaking were
27:30
Speaker 16: saying that the phrase globalizing Infantada into fada has been mischaracterized.
27:37
Speaker 16: They say that it's about an uprising and it's not
27:40
Speaker 16: Shari to incite violence.
27:42
Speaker 2: And of course most of us would disagree with that.
27:45
Speaker 2: Matt Taylor, thank you very much for your reporting. All Right, well,
27:49
Speaker 2: we'll come back to that topic a bit later with
27:51
Speaker 2: Ben English, but now let's return to today's rate rise
27:54
Speaker 2: and Joiny minow is amp's chief economist Shane Oliver. Shane,
27:57
Speaker 2: thank you so much for your time. The Governor, Michelle Bullock,
28:01
Speaker 2: spoke about trying to strike the balance between curbing inflation
28:05
Speaker 2: but not risking a recession.
28:08
Speaker 3: She did say she expects growth to.
28:10
Speaker 2: Be a kneemic, but not in negative territory, said she
28:13
Speaker 2: was still assessing it though. Of course, what's your assessment
28:16
Speaker 2: about how severe the downturn could be.
28:21
Speaker 17: Well, it's certainly a difficult balancing act for the Reserve Bank.
28:24
Speaker 17: I don't envy their job at present. We know that
28:28
Speaker 17: when we have supply shocks it works both ways. It
28:30
Speaker 17: pushes inflation up, but by definition it also cuts into
28:34
Speaker 17: economic activity, and of course we are going to see
28:37
Speaker 17: a mix of that. I'd say that risk here is
28:39
Speaker 17: quite high that we go into recession, and I think
28:42
Speaker 17: the risk is greater in Australia than some other countries
28:45
Speaker 17: for the simple reason that we had a pre existing
28:47
Speaker 17: inflation problem. I have been a relative optimist on inflation.
28:51
Speaker 17: That optimism got really tested late last year and certainly
28:54
Speaker 17: this year, as the inflation numbers are surprised on the
28:58
Speaker 17: upside and gone back well above target. And that's made
29:01
Speaker 17: me think that there's big problems out there. There's a
29:03
Speaker 17: capacity constraint in the economy. Excessive government spending is part
29:07
Speaker 17: of that, lack of productivity is another part of it.
29:12
Speaker 17: And that meant that when we had this shock, an
29:16
Speaker 17: ongoing shop which could still get worse before it gets better.
29:20
Speaker 17: Because of that pre existing inflation problem, the Reserve Bank
29:23
Speaker 17: did not have as much flexibility.
29:25
Speaker 1: That already raised rates once in February.
29:27
Speaker 17: They had to do it again in March, and of course,
29:32
Speaker 17: given the issues, they've had to do it once more,
29:35
Speaker 17: and that increases the risk that we may end up
29:38
Speaker 17: going too far and end up being in recession. I
29:41
Speaker 17: think at the end of the day, I'd still rather
29:43
Speaker 17: the Reserve Bank gets inflation under control, because having been
29:46
Speaker 17: someone who experienced the tail end of the seventies when
29:50
Speaker 17: I was a kid, it wasn't a great time from
29:53
Speaker 17: an economic perspective, So I'd rather get inflation under under
29:57
Speaker 17: control rather than let it festa and then have to
29:59
Speaker 17: respond a lot more a lot more aggressively down the track.
30:03
Speaker 2: Look, with these sort of risks that the governor's weighing up,
30:08
Speaker 2: that economists are worried about, you'd think the government would
30:10
Speaker 2: be doing everything it can, you know, playing its part
30:14
Speaker 2: to get spending under control, not to add to inflation.
30:17
Speaker 3: But there was a budget league.
30:18
Speaker 2: Today that suggests they'll be stimulus in the budget between
30:21
Speaker 2: two hundred and three hundred dollars per taxpayer. We don't
30:24
Speaker 2: know the full details, but we did hear Michelle Bullock
30:27
Speaker 2: today one that this could make the inflation challenge harder.
30:30
Speaker 3: What's your view, Well.
30:32
Speaker 17: She's right, and it's good that she's saying that. She's
30:36
Speaker 17: made two key points and one she's been saying for
30:41
Speaker 17: a while that government spending is part of agriget demand.
30:44
Speaker 17: Demand has been greater than supply and high levels of
30:47
Speaker 17: government spending, and they are high if you look at
30:50
Speaker 17: the national numbers in the national accounts, twenty eight percent
30:53
Speaker 17: of GDP today. The norm for thirty years prior to
30:55
Speaker 17: the pandemic was about twenty two to twenty three percent.
30:59
Speaker 17: So why above normal levels? Civil story at a federal
31:02
Speaker 17: level in camera and that of course takes resources away
31:06
Speaker 17: from the private sector and contributes to demand in the economy.
31:10
Speaker 17: And also I think access drag on productivity. So that's
31:14
Speaker 17: certainly one aspect to it, which the governor has pointed out.
31:17
Speaker 17: The other aspect is that if you have a cost
31:20
Speaker 17: of living crisis and prices go up, but then you
31:23
Speaker 17: try and offset that by handouts to households, you potentially
31:29
Speaker 17: make the situation worse, and that could be the situation
31:32
Speaker 17: with the upcoming budget. I'm hoping that any handouts are modest.
31:37
Speaker 17: I mean, maybe two.
31:37
Speaker 1: To three hundred dollars is too much on it. It could
31:40
Speaker 1: be one thousand dollars.
31:41
Speaker 17: Under the old Lamito lone, middle and come tax offset,
31:44
Speaker 17: which is a lot more.
31:45
Speaker 1: But I'm also.
31:46
Speaker 17: Hoping, particularly that it's targeted and really undergoes to those
31:49
Speaker 17: who need it. But most importantly, it needs to be
31:51
Speaker 17: offset elsewhere in the budget. As Dave Sharma was saying
31:55
Speaker 17: a few moments ago, it was the same with the
31:57
Speaker 17: FUELX size. If that had been offset by saving zel
32:00
Speaker 17: where then an overall fiscal sense, it wouldn't be as
32:03
Speaker 17: big of an issue.
32:04
Speaker 1: But that I think is the key here. That any
32:06
Speaker 1: stimulus that's in.
32:07
Speaker 17: The budget be targeted, be temporary, not be excessive. And
32:13
Speaker 17: I don't think the government has a lot of political
32:14
Speaker 17: pressure here to do anything because the next election is
32:16
Speaker 17: two years away. It's not like it's not like last
32:19
Speaker 17: year when there was more pressure to extend the energy
32:22
Speaker 17: rebates ahead of the last year's election. So at this
32:25
Speaker 17: point in time, now is not the time to be
32:26
Speaker 17: doing that sort of stuff. Now, I think is the
32:30
Speaker 17: time to be getting the fundamentals right, getting the level
32:33
Speaker 17: of government spending down back towards more normal levels. So federally,
32:36
Speaker 17: that means going from about twenty seven percent of GDP,
32:40
Speaker 17: knocking it down by two percentage points over the next
32:43
Speaker 17: three years.
32:43
Speaker 1: To around twenty five percent or below.
32:46
Speaker 17: It means deregulating and incentivizing the states to do that.
32:50
Speaker 1: And it means real tax reform.
32:53
Speaker 17: And I don't just mean raising taxes here and thereon
32:56
Speaker 17: to be a negative gearing and blah blah.
32:58
Speaker 3: Exactly.
32:58
Speaker 2: They are have a tendency to call raising taxes tax reform.
33:03
Speaker 1: It's certainly not.
33:04
Speaker 17: But the key is to boost productivity and make more
33:07
Speaker 17: rent for the private sector, and just raising taxes won't
33:10
Speaker 17: boost productivity.
33:11
Speaker 1: It has to be real tax reform.
33:12
Speaker 2: Yeah, Shane Oliver. Really appreciate your insights. Thank you for
33:15
Speaker 2: your time.
33:17
Speaker 3: Still to come.
33:18
Speaker 2: How one Nation is using Ben Robert Smith in the
33:21
Speaker 2: campaign to try and win Farah. Plus a look at
33:23
Speaker 2: tomorrow's front page with Daily Telegraph editor Ben English after
33:28
Speaker 2: the break, welcome back and Johnny Minow is the editor
33:34
Speaker 2: of the Daily Telegraph, Ben English. Ben, great to see you,
33:37
Speaker 2: so show us the front page of tomorrow's paper.
33:41
Speaker 18: Okay, there we are. Jim, please stop your spending. It's
33:45
Speaker 18: not my words, so I'm paraphrasing Michelle.
33:49
Speaker 3: Bullock in a less diplomatic way than she is. Said
33:51
Speaker 3: it up the tabloid fashion.
33:52
Speaker 18: That's what she exactly, and you know it's obviously dominated
33:57
Speaker 18: everything today and rightly so. And here we are our
34:01
Speaker 18: third rate rise. Now some of the blame has to
34:04
Speaker 18: be sheaded back to Bullock herself because she started cutting
34:08
Speaker 18: in November twenty four, and I think it's pretty clear
34:10
Speaker 18: now that that was too early. But I tell you what,
34:13
Speaker 18: Jim and the Albanezi government aren't helping with their spending.
34:17
Speaker 2: And when you look at measures like capital gains tax
34:21
Speaker 2: and other property taxes, where they're looking at actually effectively
34:24
Speaker 2: raising taxes, I mean that's a broken.
34:26
Speaker 3: Promise, Ben totally.
34:27
Speaker 18: Well, I was just saying to you earlier, Shari. Our
34:30
Speaker 18: state political reporter James Idioerties dug up a video that
34:34
Speaker 18: he's shot during the election campaign when she specifically asks Albanzi,
34:40
Speaker 18: can you rule out CGT removing the tax concession on
34:44
Speaker 18: that or negative gearing and Albanese was actually disdainful. He
34:48
Speaker 18: was basically dismissing him and say, of course, yes, what
34:51
Speaker 18: is this And here we are barely a year after
34:55
Speaker 18: that election campaign and they're basically looking us in the
34:59
Speaker 18: face and saying, yep, that's what we're doing.
35:01
Speaker 2: Is it that the opposition is so weak that they
35:03
Speaker 2: can just think they can get away with any broken promise,
35:06
Speaker 2: with treating Australian voters like mugs.
35:09
Speaker 18: Absolutely, And you know, then the Conservative side is split.
35:13
Speaker 18: They've got this massive majority and the hubris are setting
35:16
Speaker 18: in and so they're just they're actually doing all the
35:18
Speaker 18: things they fantasized about for the last decade.
35:21
Speaker 2: It's pretty outrageous promising. You know, there's other grabs as well,
35:25
Speaker 2: where he promised he wouldn't make those changes increase taxes
35:29
Speaker 2: and now, as you say, a year and a.
35:30
Speaker 18: Bit on well in the olden days, politicians would leaders
35:34
Speaker 18: would go to the election with such a fundamental tax change.
35:38
Speaker 18: So exactly times of change.
35:40
Speaker 2: Well, let's look at mean you just refer to the
35:41
Speaker 2: coalition side being split. We've got the farer by election
35:44
Speaker 2: of costs this weekend. Now, Pauline Hanson has made some
35:48
Speaker 2: interesting comments today about potentially moving to the Lower House.
35:52
Speaker 3: Let's if we've got them, let's have a look.
35:54
Speaker 19: It is under consideration, no decisions have been made. Were
35:58
Speaker 19: still two yearsed outside re electionips, so it is under
36:01
Speaker 19: consideration to mooch of house. You know, we're rising the polls.
36:05
Speaker 19: It's something that mystery take in chechenseration.
36:08
Speaker 2: So big move, Ben, Pauline looking at maybe moving to
36:11
Speaker 2: the Lower House.
36:12
Speaker 3: What do you think is behind this?
36:13
Speaker 18: I think it's probably Barnaby. Barnaby's powerful retail force and
36:18
Speaker 18: he's a very good campaigner at a hyper local level.
36:22
Speaker 18: Pauline's never been that. She's actually more of a macro.
36:24
Speaker 18: That's why she's in the Upper House. And actually One
36:26
Speaker 18: Nation isn't that great at that sort of grassroots you
36:29
Speaker 18: know what's happening in the local hospital sort of stuff.
36:32
Speaker 18: But she's threatened by Barnaby and this is the first
36:35
Speaker 18: sort of little sign of tensions act.
36:37
Speaker 3: It's a bit of internal rivalry.
36:39
Speaker 2: She doesn't want him to be the leader of the
36:41
Speaker 2: lower house One Nation leader, so she might look at
36:44
Speaker 2: but also to be a really credible, powerful political force.
36:47
Speaker 2: I mean, you can't really be a leader in the Senate.
36:49
Speaker 18: No you can't. And you know you're right to give
36:53
Speaker 18: her credit. This might be actually her confident enough to
36:56
Speaker 18: say that we can be a proper political force. You
36:58
Speaker 18: can't be otherwise, you like Greens or other minor parties
37:02
Speaker 18: where they had their leaders in the upper House.
37:03
Speaker 3: So yeah, I thought.
37:04
Speaker 2: It was really interesting that in Farah they're running posters
37:08
Speaker 2: One Nation is if we can show them on screen
37:10
Speaker 2: of Ben Robert Smith on the one Nation posters basically
37:14
Speaker 2: saying he fought for US, one nation stands with him.
37:18
Speaker 2: That's yea, there are the posters he fought for US,
37:20
Speaker 2: one nation stands with him. I mean that's pretty smart,
37:24
Speaker 2: given very.
37:26
Speaker 18: I think most of the strains would agree with that.
37:28
Speaker 18: And One Nation is so good at this they just
37:30
Speaker 18: cut through that. Don't worry about they haven't got this
37:32
Speaker 18: algorithm running in their head about oh who's going to
37:34
Speaker 18: be offended? By this, they just go for it and
37:35
Speaker 18: it's it's compelling.
37:37
Speaker 2: Yeah, but Matt Canavan was mentioning to me before that
37:41
Speaker 2: the One Nation candidate you know, might have gone missing
37:44
Speaker 2: running away from the media interviews.
37:46
Speaker 14: Yeah.
37:46
Speaker 18: I'm not sure you saw the footage, but he was
37:48
Speaker 18: running away from the local media this morning. And this
37:51
Speaker 18: often happens with One Nation. Is that you know, the
37:53
Speaker 18: vetting process isn't isn't fantastic and sometimes the candidates can
37:58
Speaker 18: be a bit flaky. In this case, this guy's actually
38:01
Speaker 18: been revealed as having a bit of an alliance with.
38:03
Speaker 3: The Labor Party.
38:05
Speaker 18: He actually made a bit of a gaff on immigration
38:09
Speaker 18: and he's running away. But I think it doesn't matter.
38:11
Speaker 2: Before we go, Ben, I've got to congratulate you because you,
38:14
Speaker 2: for weeks did not give up on this story of
38:17
Speaker 2: putting pressure on Sydney. Lloyd met Clover more over the
38:19
Speaker 2: globealizing into Fat event, and at the eleventh hour last
38:22
Speaker 2: night she backed down and blamed you in her statement.
38:25
Speaker 18: Yeah, thank you, Clover. That was fantastic. I'm going to
38:27
Speaker 18: actually put that on some of our marketing material. Brilliant,
38:31
Speaker 18: brilliant outcome for Sydney siders, for the Jewish community. But
38:34
Speaker 18: for Australians this was always a disgusting thing to happen.
38:38
Speaker 18: It's a hate fest, it's un Australian and it's the
38:41
Speaker 18: right result. She made the right call on that. I
38:43
Speaker 18: see that she's tried to backtrack on that because she
38:45
Speaker 18: didn't want to offend her delicate into farther supporters. But
38:49
Speaker 18: right result.
38:50
Speaker 2: Although the events have cost gone ahead to night in a.
38:52
Speaker 18: Park, only one hundred people there though bit of an fizzle.
38:55
Speaker 3: Do you think the Premier should have done more about it?
38:57
Speaker 18: Yes, absolutely should have. He should have picked up the phone.
39:00
Speaker 18: He should have he should have called her in. He
39:02
Speaker 18: should have called her in for a meeting. In the end,
39:05
Speaker 18: it was her own counselors just said this is a
39:07
Speaker 18: really bad look. It wasn't for any legalistic reason. They
39:10
Speaker 18: actually said, you've got a royal commission going on, and
39:13
Speaker 18: one of them told us that, you know, the last
39:15
Speaker 18: thing they wanted was to give a telegraph a win.
39:16
Speaker 14: But she had no choice.
39:18
Speaker 3: Well thank you again.
39:19
Speaker 2: And you know when I mentioned you on our last night,
39:21
Speaker 2: there were all messages flying about what a hero you are,
39:24
Speaker 2: So there you go.
39:26
Speaker 3: Thanks man. All right, still to come the incredible.
39:29
Speaker 2: Brendan O'Neil would join us live from London as Keir
39:32
Speaker 2: Starmer's toxic image impact on the local elections. Plus, Iran
39:37
Speaker 2: is firing on ships in the Strait of Hormus. Is
39:40
Speaker 2: the war back on after the break?
39:46
Speaker 3: Welcome back?
39:47
Speaker 2: Will? Iran's regime has blown up the ceasefire in the
39:50
Speaker 2: Persian Gulf, firing on commercial ships, launching drones and an
39:54
Speaker 2: Amarati tanker and hitting a city in the UAE. This
39:57
Speaker 2: after the US opened a so called free lane through
40:00
Speaker 2: the Strait of Homus. For more on this, I'm joined
40:03
Speaker 2: by Sky News Defense analyst at Peter Jennings. Peter, thanks
40:06
Speaker 2: for your time. Well, has Iran just ended the ceasefire?
40:10
Speaker 2: Will the war be back on?
40:14
Speaker 6: Well, Hi Shari, I think there's a high chance that
40:17
Speaker 6: the war will be back on. There is no way
40:21
Speaker 6: that the US Navy is going to stand by and
40:24
Speaker 6: see the Revolutionary Guard taking potshots at tankers, let alone
40:28
Speaker 6: the US Navy itself. And in order to provide that
40:32
Speaker 6: safe passage through the Strait of Humors, I think the
40:35
Speaker 6: most effective way to do that will be to attack
40:38
Speaker 6: land targets, Navy commander control facilities, those fast boats which
40:44
Speaker 6: are now out there are going after some of the tankers.
40:48
Speaker 6: So it seems to me that this is not a
40:49
Speaker 6: situation that the Americans can just accept passively. And if
40:53
Speaker 6: they start military operations again, I think they've also got
40:57
Speaker 6: to look at the leadership of the Revolutiontionary Guard because
41:01
Speaker 6: these are the intransigent people which are stopping a peace
41:04
Speaker 6: process from being negotiated in Pakistan. So I would say
41:09
Speaker 6: a pretty high chance in the next few days that
41:11
Speaker 6: we'll see some further military action.
41:13
Speaker 2: It seems like the President didn't expect it was going
41:15
Speaker 2: to be this difficult to end the war. I mean,
41:19
Speaker 2: he expected this to be a shorter conflict. In many ways,
41:23
Speaker 2: they have decimated the Iranian regime, and yet they just
41:26
Speaker 2: won't come to the table.
41:29
Speaker 3: Not what the US expected.
41:32
Speaker 6: Absolutely not.
41:33
Speaker 14: No.
41:33
Speaker 6: I think the President took the wrong lessons from Venezuela
41:36
Speaker 6: and from the July airstrike on the Nantas facility last
41:40
Speaker 6: year and concluded that the Revolutionary Guards would collapse like
41:44
Speaker 6: a pack of cards. And they haven't because their backs
41:47
Speaker 6: are against the wall. They have to keep fighting. There's
41:49
Speaker 6: nothing left for them after this. Really, the issue now
41:53
Speaker 6: for Trump is that he doesn't snatch defeat from the
41:55
Speaker 6: jaws of victory. Shari. He's having started this, he's got
41:59
Speaker 6: to continue it to at some point that the straits
42:01
Speaker 6: remain under are no longer under revolutionary guard control. I
42:06
Speaker 6: think that's the key strategy came from here on in.
42:10
Speaker 2: Just before we move on, what's your view on the
42:12
Speaker 2: likelihood of fuel shortages as a result of this.
42:17
Speaker 1: Quite high.
42:18
Speaker 6: I think as we get to the middle of the year,
42:21
Speaker 6: Australia has been forced to buy on the spot market
42:23
Speaker 6: because we have no fuel stocks or very limited fuel stocks.
42:27
Speaker 6: Other countries China, Japan, South Korea, they've been drawing down
42:31
Speaker 6: on abundant fuel stocks, but they'll get to a point
42:33
Speaker 6: where they have to buy on the spot market themselves,
42:36
Speaker 6: and that's where we will find prices going up.
42:38
Speaker 1: And it won't be.
42:39
Speaker 6: Easy just to go to Southeast Asia to sort of
42:41
Speaker 6: cadch for another one hundred thousand barrels. So I think
42:46
Speaker 6: we're nowhere near the end of the story in terms
42:49
Speaker 6: of fuel shortages and all the other things which come
42:53
Speaker 6: through the Strait of Wilmers.
42:55
Speaker 2: Okay, moving on, we saw alban Easy meet Japan's new
42:59
Speaker 2: Prime Minister Take Itchy today talking up the relationship as
43:02
Speaker 2: quasi allies.
43:03
Speaker 3: How meaningful was this.
43:07
Speaker 9: Well?
43:07
Speaker 6: I thought it was very meaningful and therefore somewhat surprising
43:10
Speaker 6: that the Prime Minister treated it in as low profile
43:13
Speaker 6: a way as he did. It's like the more consequential
43:17
Speaker 6: the meeting, the less publicity he wants to give it.
43:20
Speaker 6: And in this case, I think the concern was to
43:23
Speaker 6: be seen not to be causing offense to China, because
43:27
Speaker 6: what was agreed was a series of defense and security
43:30
Speaker 6: agreements which will bring Australia and Japan closer after having
43:34
Speaker 6: done this, having worked together more closely in that field
43:37
Speaker 6: for twenty years or more. And I thought the most
43:40
Speaker 6: significant one was where they said Australia and Japan would
43:43
Speaker 6: work to keep trade flows open through the South China Sea,
43:46
Speaker 6: which of course directly points to China as being the
43:50
Speaker 6: principal problem. So what we had here was a meeting
43:54
Speaker 6: of substance. We have a Prime minister that doesn't like
43:57
Speaker 6: substance when it comes to international security, so he sought
44:00
Speaker 6: to keep it low profile. But China, I think we'll
44:03
Speaker 6: complain about it.
44:05
Speaker 3: Yeah, spot on, Peter Jennings. Great to see you as always,
44:08
Speaker 3: Thank you still to come.
44:10
Speaker 2: The spate of race hatred is spreading in the UK,
44:14
Speaker 2: plus Kiirs Starmer being sidelined as the UK Labor Party
44:17
Speaker 2: is bracing to lose thousands of council seats.
44:20
Speaker 3: Brendan O'Neil live after the.
44:22
Speaker 2: Break, Welcome back, Let's turn to the UK where Kiirs
44:29
Speaker 2: Starmer is staring down a brutal set of local elections
44:32
Speaker 2: on Thursday, and joining me now live is Spiked Chief
44:35
Speaker 2: political writer Brendan O'Neil.
44:37
Speaker 3: Brendan, true to see you.
44:39
Speaker 2: So Labor facing failure on two fronts here and it
44:43
Speaker 2: looks like Starma is being kept away because he's so toxic.
44:48
Speaker 20: Oh yeah, absolutely. It looks like Labor is going to
44:50
Speaker 20: do incredibly badly in the local elections. We've got local
44:54
Speaker 20: elections across England and devolved elections in Wales and Scotland,
44:59
Speaker 20: and it looks like Labor are going to lose loads
45:01
Speaker 20: and loads of seats. And it looks like Reform, which
45:04
Speaker 20: is Nigel Farag's kind of upstart party, it looks like
45:06
Speaker 20: they're going to win a lot of those old Labor seats.
45:09
Speaker 20: So it looks like it's going to be a real
45:11
Speaker 20: drubbing for Labor. And as you say, they're keeping kir
45:13
Speaker 20: Starmer at arm's length from voters because he is so toxic.
45:17
Speaker 20: He is catastrophically unpopular. In fact, according to the polls,
45:21
Speaker 20: he's one of the most unpopular prime ministers we've ever
45:23
Speaker 20: had in this country. So it looks like it might
45:25
Speaker 20: be curtains for his government once these elections have taken place.
45:29
Speaker 3: Yeah, I mean you say curtains.
45:31
Speaker 2: So if Labour's vote utterly collapses, will this finally be
45:36
Speaker 2: the end of his leadership because he has he has
45:38
Speaker 2: clung on probably longer than many thought.
45:42
Speaker 20: Yeah, he'll definitely be in trouble. And there are lots
45:45
Speaker 20: of factions within the Labor Party kind of sharpening their
45:48
Speaker 20: knives and they want him out and maybe the elections
45:51
Speaker 20: will give that, the results will give them the push
45:54
Speaker 20: to do that. You know. The only thing he has
45:56
Speaker 20: going for him at the moment is that the Labor
45:58
Speaker 20: Party itself is a mess. You knows. There are these
46:02
Speaker 20: various factions, but none of them really have any vision
46:04
Speaker 20: for the country. None of them seem to know what
46:06
Speaker 20: they would do if they were in power. It really
46:09
Speaker 20: is a chaotic party at the moment, you know, So
46:11
Speaker 20: it's not clear who would take over from him, and
46:14
Speaker 20: who would do a better job, if anyone. So I
46:17
Speaker 20: just think it's possible he'll hold on for a few
46:20
Speaker 20: months longer, but I really can't see him being in
46:23
Speaker 20: power come the next general election in twenty twenty nine.
46:26
Speaker 20: I think by that time we'll probably have a new
46:28
Speaker 20: Prime minister.
46:30
Speaker 2: Interesting as well to see, of course how well reform
46:32
Speaker 2: UK does in these elections. But I want to move
46:35
Speaker 2: on to Golders Green now, Brendan, you've been seeing a
46:38
Speaker 2: spate of anti Semitic terror attacks similar to what we
46:42
Speaker 2: had in the summer of twenty twenty four to twenty five,
46:45
Speaker 2: and there's now a major discussion finally about the pro
46:48
Speaker 2: Palestinian movement.
46:51
Speaker 20: At last. You know, it's been a long time coming.
46:54
Speaker 20: I've been trying to raise this discussion for a long
46:56
Speaker 20: time about this movement, as have you, of course, and
46:59
Speaker 20: many others in Australia, just about how poisonous this so
47:03
Speaker 20: called pro Palestine movement is and the hate that they've
47:06
Speaker 20: been spreading on our streets in London and across the
47:09
Speaker 20: UK is horrendous, and they constantly try to wash their
47:12
Speaker 20: hands off the consequences. They always say there's no link
47:15
Speaker 20: between our marches and what might be happening to Jews
47:18
Speaker 20: around the country. That's just untenable. Now, that argument simply
47:22
Speaker 20: doesn't stack up, because if you're on the streets every
47:25
Speaker 20: week calling the Jewish state the most evil state and
47:28
Speaker 20: calling Zionism a uniquely barbarous ideology, then you are going
47:32
Speaker 20: to endanger Jews. Most British Jews identify as Zionists. So
47:37
Speaker 20: if you are demonizing Zionists, you are demonizing British Jews.
47:40
Speaker 20: And we're now seeing the bloody consequences of that on
47:43
Speaker 20: our streets and it's really awful.
47:45
Speaker 2: And that is precisely what is happening still in Australia now.
47:50
Speaker 2: The UK Green's leader, Zach Polanski, he doesn't want to
47:53
Speaker 2: outlaw the phrase globalize the INTERFARTA.
47:56
Speaker 3: What is his approach here?
48:00
Speaker 20: Says that people should think twice about using it. But
48:02
Speaker 20: as you say, he doesn't want it to be policed.
48:04
Speaker 20: You know what's extraordinary about that is that Zach Polanski
48:07
Speaker 20: is not someone who believes in freedom of speech. In fact,
48:10
Speaker 20: he was the only party leader in this country who
48:12
Speaker 20: supported the arrest of Graham Lenehan, the gender critical comedian,
48:16
Speaker 20: when he was arrested at Heathrow Airport. Zack Polanski supported that,
48:20
Speaker 20: so he supports the arrest of a comedian for making jokes,
48:23
Speaker 20: but he doesn't think that we should police a call
48:26
Speaker 20: for violence against Jews because I am sick and tired
48:29
Speaker 20: of tiptoeing around this globalized The into Farda is a
48:32
Speaker 20: call for violence against Jews. Yes, into Fada means violence
48:36
Speaker 20: by her Mass and other groups against the Jews of
48:38
Speaker 20: the Holy Land.
48:39
Speaker 1: That's what it means.
48:40
Speaker 20: So if you want it to be globalized, then you
48:42
Speaker 20: want to spread it around the world. And I'm sick
48:44
Speaker 20: of people chanting this on our streets.
48:46
Speaker 2: We've just had this whole big issue. There's a globalized
48:49
Speaker 2: The interfatre of Ed Brendan went ahead tonight in Sydney,
48:53
Speaker 2: you know, not far from where we are now. I mean,
48:56
Speaker 2: it's honestly, this debate is ridiculous. And they try and
49:00
Speaker 2: say it means different things to different people. This is
49:02
Speaker 2: what they do with all these slogans, but it doesn't.
49:05
Speaker 2: There is an objective meaning.
49:08
Speaker 20: There is an objective meaning, and it means into Farda.
49:11
Speaker 20: As we saw on seventh of October, itself means the
49:13
Speaker 20: rape and murder of Jews. And if you call for
49:16
Speaker 20: the globalization of into Fada in the aftermath of that pogrom,
49:20
Speaker 20: then you are calling for the globalization of that kind
49:22
Speaker 20: of fascistic terror, that kind of anti Semitic violence. These
49:25
Speaker 20: people need to fess up to the fact that they
49:27
Speaker 20: are on the streets campaigning for violence against Jews. It's
49:30
Speaker 20: really horrendous, yeah.
49:31
Speaker 2: Exactly, and too many political leaders a week or even
49:35
Speaker 2: support it, like we've got with the Sydney large mayor here.
49:38
Speaker 2: All right, Brendan O'Neil. Terrific to have you on the
49:40
Speaker 2: show as always, Thank you very much.
49:42
Speaker 3: And that's it for me.
49:43
Speaker 2: Stick around now, great Poor Murray Show. The pharahpub Test
49:47
Speaker 2: Live from Albury