Latest / The Rita Panahi Show / The Rita Panahi Show | 6 July

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The Rita Panahi Show | 6 July · The Rita Panahi Show

• 0:02
  Speaker 1: On Scarland's Australia Davis is the Rita Panehy Show. Good
• 0:09
  Speaker 1: evening and welcome to the Rita Panehey Show. I'm James
• 0:11
  Speaker 1: Morrow filling in for Rita this week. Here's what we've
• 0:13
  Speaker 1: got coming up tonight. Anthony Albinizi is forced to apologize
• 0:19
  Speaker 1: after saying he would shag Kylie Minogue. My panel will
• 0:23
  Speaker 1: join me to discuss the day's top headlines. Plus national
• 0:27
  Speaker 1: auction clearance rates fall below fifty percent for the third
• 0:30
  Speaker 1: week in a row. Tim Lawless will give us his analysis.
• 0:35
  Speaker 1: Plus Josh Hammer will have the latest from the US,
• 0:38
  Speaker 1: including for a Democrat Silo Whedon Walsh's praise for a
• 0:42
  Speaker 1: slave Supreme leader Ali Kamani of Iran can you believe that?
• 0:46
  Speaker 1: And Prince Harry as the UK without Megan Markle or
• 0:51
  Speaker 1: their two children. As La Mollard will have all the
• 0:54
  Speaker 1: details of whether there will be that royal reconciliation. Oh yeah,
• 0:58
  Speaker 1: and don't forget we got some left. He's losing it.
• 1:01
  Speaker 1: You're gonna meet the British journalist to his very very
• 1:05
  Speaker 1: cross indeed about America. But First Prime Minister Anthony Albanezi
• 1:10
  Speaker 1: has issued an apology after going on a podcast and
• 1:14
  Speaker 1: saying that he would shag pop icon Kylie Minogue if
• 1:18
  Speaker 1: his marriage went his words kits up. First, let's have
• 1:23
  Speaker 1: a listen to the remarks he made on Nicky Osborne's
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  Speaker 1: podcast last Friday.
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  Speaker 2: Shag Mary date, Kylie Minogue, Nicole Kibman or Ronda Birch More.
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  Speaker 3: I've just got married, I many six months in.
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  Speaker 4: But if it goes tits up, let's just pretend.
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  Speaker 1: Oh Kylie, clearly.
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  Speaker 5: He married Kylie and Shagger and data all of the above.
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  Speaker 6: All right, it's a.
• 1:45
  Speaker 1: Triple the triple play. Those comments prompted outrage from not
• 1:51
  Speaker 1: just FEMINISTADG hits like Zali Stegel, but also people like
• 1:55
  Speaker 1: Sal Grover. This morning, the Prime Minister's Office issued a statements.
• 2:00
  Speaker 1: The PM said, I apologize unequivocally for the comments. Well,
• 2:05
  Speaker 1: I don't know if that's good enough, and I'm not
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  Speaker 1: sure by two panel members here think so either. Joining
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  Speaker 1: me now is Menzies Research Center senior fellow Nick Cator
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  Speaker 1: and One Nation Senator Sean Bell. Gentlemen. I couldn't believed this,
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  Speaker 1: Nick Cator. I thought that this was so beneath the dignity,
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  Speaker 1: not of Albanezy, who we know has some issues in
• 2:28
  Speaker 1: that regard, but of the office of Prime Minister, particularly
• 2:32
  Speaker 1: given the fact that he came into office in twenty
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  Speaker 1: two on the back of saying that Scott Morrison didn't
• 2:39
  Speaker 1: get it about women.
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  Speaker 7: It's below the dignity of any sixty three year old
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  Speaker 7: man a bit in my mind, I mean, act your age,
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  Speaker 7: you know. I mean, this is just it's the language
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  Speaker 7: of the schoolyard by our prime minister. And when it
• 2:52
  Speaker 7: came home to meet James was on to s M
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  Speaker 7: this Morning with Tim Webster and we were talking about
• 2:58
  Speaker 7: this subject and I was having to censor my words.
• 3:00
  Speaker 7: I was having to censor what the Prime Minister said
• 3:04
  Speaker 7: because it was not something that a morning audience on
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  Speaker 7: a broad talkback radio audience would be comfortable with over
• 3:12
  Speaker 7: their breakfast, you know. So there is a big, big
• 3:16
  Speaker 7: problem there, and I just think it shows that the
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  Speaker 7: Prime Minister didn't just slip up. He just was way
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  Speaker 7: out of line. And the fact that you can't call
• 3:24
  Speaker 7: those words back, of course, but the fact that his
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  Speaker 7: office didn't ring up after it and say, oh, you know,
• 3:30
  Speaker 7: he got carried away? Could you cut that bit out?
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  Speaker 7: Then I just think it goes to him, his unsuitability
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  Speaker 7: for office and who's he got behind him? That isn't
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  Speaker 7: saying hang on, Prime Minister, you can't say.
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  Speaker 1: That, well, Sean. This goes to, you know, a broader
• 3:45
  Speaker 1: thing that a lot of people in the media have
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  Speaker 1: talked about, which is that this government likes to avoid
• 3:51
  Speaker 1: hard interviews with hard hitting journalists where they're going to
• 3:53
  Speaker 1: be asked tough questions. They'd much rather go on silly
• 3:56
  Speaker 1: podcasts and new TikTok dances of it. I'm sure everybody
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  Speaker 1: there saw the ridiculous performance Mark Butler, but he's only
• 4:03
  Speaker 1: the latest of many did on his social media's the
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  Speaker 1: other day. Isn't it time for this government to grow up.
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  Speaker 2: One hundred percent? I mean, you know, look, I'll give
• 4:16
  Speaker 2: credit to the Prime Minister for apologizing. Good work. Now
• 4:19
  Speaker 2: can he apologize for the you know, bonking he's giving
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  Speaker 2: the entire country? But it really is absurd. What we've
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  Speaker 2: also got is the fact that if it wasn't for
• 4:31
  Speaker 2: double standards, the Labor Party would have no standards, because
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  Speaker 2: if this was done by anyone else, you'd have the
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  Speaker 2: entire Labor Party coming out demanding that they be sent
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  Speaker 2: to the closest human rights commission to be put in
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  Speaker 2: prison for their comments. But instead we see the Labor
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  Speaker 2: Party doing as they're very good at doing, closing ranks
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  Speaker 2: around the Prime Minister. Nothing to see here, I mean
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  Speaker 2: it really shows that the Prime Minister is First of all,
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  Speaker 2: he's over confident, he's arrogant, he thinks he's untouchable. But
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  Speaker 2: you know, this is the This is not acceptable and
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  Speaker 2: so it needs to stop.
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  Speaker 1: Well, no, it needs to stop. But I also think
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  Speaker 1: that that you know, just his office needs to stop
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  Speaker 1: putting him in these positions gentlemen where he winds up
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  Speaker 1: being forced to say stupid things because he thinks, oh,
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  Speaker 1: this is what the kids are gonna like. They're gonna
• 5:16
  Speaker 1: like it if I say something you know, silly about
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  Speaker 1: Kylie minog or whomember. But let's keep going with the
• 5:22
  Speaker 1: Prime minister because you know, talk about the bonking that
• 5:26
  Speaker 1: he's giving the economy. Well, he delivered a speech at
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  Speaker 1: the Labor Party's New South Wales conference on Sunday where
• 5:32
  Speaker 1: he dismissed criticism about his tax and here I'm going
• 5:36
  Speaker 1: to pull a nick and say I don't want to
• 5:37
  Speaker 1: say the word reforms because these aren't reforms, but the
• 5:40
  Speaker 1: things he's done in the tax system. I just can't
• 5:42
  Speaker 1: subject the audience to that. You know, he said they
• 5:44
  Speaker 1: were entirely predictable and barely coherent noise. Here's a bit
• 5:48
  Speaker 1: of it.
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  Speaker 3: But if you put the entirely predictable and barely coherent
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  Speaker 3: noise from the usual suspects to one side, one feature
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  Speaker 3: the current debate has really stood out to me. In
• 6:04
  Speaker 3: all the conversations I've had, and all the interviews I've done,
• 6:09
  Speaker 3: all of the press conferences I've held in the Parliament
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  Speaker 3: itself in question time, no one has argued that the
• 6:19
  Speaker 3: housing market was working fine the way that it was.
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  Speaker 1: Well, Nick, there's a logical non sequitur here, and everybody
• 6:29
  Speaker 1: could have said that the housing market wasn't working the
• 6:33
  Speaker 1: way it should have. But this is a bit like
• 6:35
  Speaker 1: you know, going into the doctor and saying I have
• 6:38
  Speaker 1: a source order at him saying well, huh, I don't
• 6:41
  Speaker 1: want to do. We'll smash you on the toe with
• 6:43
  Speaker 1: a hammer. I mean, that's the connection with it.
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  Speaker 7: Like most markets that are not working properly, the problem
• 6:49
  Speaker 7: is non market intervention by the government, right, And the
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  Speaker 7: same is exactly true with housing Polcy. I mean, those
• 6:56
  Speaker 7: people who want to go into their economic history that
• 6:57
  Speaker 7: was exactly the same in two thousand and eight. You
• 7:00
  Speaker 7: know that the housing crisis in the US that led
• 7:03
  Speaker 7: to a world recession. When governments start meddling in housing markets,
• 7:06
  Speaker 7: it's messy. This government has now decided to meddle even
• 7:09
  Speaker 7: more and has messed it up even further. I think
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  Speaker 7: I'll take it on the chin one of those critics.
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  Speaker 7: Obviously I was barely coherent in my columns in Australia
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  Speaker 7: and by contribution to show I'll take that that's a
• 7:21
  Speaker 7: point of view. But you know, this man is out
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  Speaker 7: of control, and of course he neatly a course goes
• 7:27
  Speaker 7: from the issue itself to oh but we all agree
• 7:31
  Speaker 7: that the housing market should be different. Well, of course
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  Speaker 7: we all agree that housing should be more affordable. But
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  Speaker 7: it would if government's got out of it. You know,
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  Speaker 7: five hundred and sixty seven thousand dollars of what you
• 7:43
  Speaker 7: pay for a new house in New South Wales goes
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  Speaker 7: to state or federal governments. Well they could cut that
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  Speaker 7: for a start.
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  Speaker 1: Well yeah, I mean that's exactly right, but there's so
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  Speaker 1: much more too. And Sean, I mean the thing that
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  Speaker 1: I'm struck by is the big thing that nobody talks
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  Speaker 1: about here is productivity. So it feels to me like
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  Speaker 1: this government has given up on the idea of making
• 8:01
  Speaker 1: everybody richer so that people can build moorehouses and afford
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  Speaker 1: to buy moorehouses, and simply so we're going to just
• 8:08
  Speaker 1: shift wealth from A to B, you know, and we
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  Speaker 1: help the b's vote for us more than the a's don't.
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  Speaker 1: But Sean, I mean, from your perspective, what nations on
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  Speaker 1: the rise? What should Australia be doing to fix what?
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  Speaker 1: If you agree with his premise that the housing market
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  Speaker 1: is broken, what should Australia be doing to fix that
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  Speaker 1: housing market to give more young people the leg up
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  Speaker 1: and everything else?
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  Speaker 2: I mean, just to expand on your metaphor from before, James,
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  Speaker 2: you talked about when you go into a hospital, you know,
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  Speaker 2: for a injury, they don't smash you with a hammer
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  Speaker 2: on your toe. Well, what they do in hospital is
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  Speaker 2: they'll put a big X on your shoulder where you
• 8:43
  Speaker 2: getting operated on. Well, it looks like someone should have
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  Speaker 2: put a big X over the housing market for the
• 8:47
  Speaker 2: Albaneze government because they're reforms, so much of the damage
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  Speaker 2: they're doing have got nothing to do with housing and
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  Speaker 2: they're addressing issues that had absolutely no need to be addressed,
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  Speaker 2: and one of the key areas what they could have
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  Speaker 2: done to actually help assist in the housing market, as
• 9:01
  Speaker 2: Nick points out, the issue of regulation, the massive cost
• 9:04
  Speaker 2: burden placed on houses through government regulation. But the second
• 9:07
  Speaker 2: one is immigration if they have turbocharged demand for homes
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  Speaker 2: by flooding the nation with a massive amount of migrants,
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  Speaker 2: when what they really should have been doing is ending
• 9:17
  Speaker 2: the mass migration agenda where with fewer migrants, and instead
• 9:22
  Speaker 2: what they've come up with is a truly bizarre proposal,
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  Speaker 2: whereas a thirty percent minimum tax on assets, a complete
• 9:29
  Speaker 2: rewriting of our nations tax codes and areas it's and
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  Speaker 2: the actual productivity that the blow to productivity this is
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  Speaker 2: going to cause is already and that'll send us further
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  Speaker 2: down a spiral where we already have a productivity issue.
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  Speaker 2: And for the government to say the actual legislation itself
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  Speaker 2: is barely coherent. I mean, I'll just point out that
• 9:50
  Speaker 2: they passed this knowing that there was an issue with
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  Speaker 2: the widow tax where they knew that legislation was flawed.
• 9:56
  Speaker 2: So if someone was to have a partner who passed
• 9:58
  Speaker 2: or get divorced, they would enter into a special category
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  Speaker 2: where the exemption for negative gearing was abolished. So you
• 10:06
  Speaker 2: are suddenly increasing taxes on widows or people who've divorced.
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  Speaker 2: They knew that was in the legislation and they voted
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  Speaker 2: for it anyway. So when you want to ask about well,
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  Speaker 2: who's acting coherently, that is not the actions of a
• 10:17
  Speaker 2: government who is acting coherently.
• 10:19
  Speaker 1: And you know, Jets, I'll tell you that it would
• 10:21
  Speaker 1: be a lot easier to afford a house or service
• 10:23
  Speaker 1: and mortgage if the government wasn't picking our pockets in
• 10:26
  Speaker 1: so many other ways. And Nick particularly, I wanted to
• 10:28
  Speaker 1: talk to you about this year because there is a
• 10:30
  Speaker 1: new research here. We had this in the Daily Telegraph
• 10:33
  Speaker 1: that found that Australian households have paid nearly We're going
• 10:37
  Speaker 1: to put on my doctor evil voice. Twenty three billion
• 10:40
  Speaker 1: dollars extra in electricity bills since labor cave to power.
• 10:45
  Speaker 1: I mean, that's a long far cry from our two
• 10:48
  Speaker 1: hundred and seventy five dollars. Nick, you've written a lot
• 10:50
  Speaker 1: about this.
• 10:51
  Speaker 7: Yeah, look well this is this is one of the
• 10:53
  Speaker 7: most shameful lies this government ever told. I think they've
• 10:56
  Speaker 7: told worse since but the promise that electricity would come
• 10:59
  Speaker 7: to down by two hundred and seventy five dollars exactly
• 11:03
  Speaker 7: that figure, and the Prime Minister kept using that figure
• 11:05
  Speaker 7: in oppositions. Of course, has not been fulfilled. That the
• 11:09
  Speaker 7: opposite has occurred in a big way. We knew this
• 11:11
  Speaker 7: would happen. You have if in a big so called transition,
• 11:15
  Speaker 7: you've got new cables to put in, you've got to
• 11:17
  Speaker 7: put in new wim farms, somebody's got to pay for
• 11:19
  Speaker 7: that capital investment, and that is the in the end,
• 11:23
  Speaker 7: the end user. So it was obvious it was going
• 11:26
  Speaker 7: to happen. It is happening, it will continue happening, and
• 11:28
  Speaker 7: it'll get worse if they continue to push these ridiculous targets.
• 11:32
  Speaker 1: Well and Sean, I mean, you know you're Party one nation.
• 11:35
  Speaker 1: It's obviously has its strength and its origins and the regions.
• 11:39
  Speaker 1: They're the ones who are being asked to pay for
• 11:40
  Speaker 1: all of this, not just in uh, the parts of
• 11:43
  Speaker 1: the powerbiels, but also their amenity, their lifestyle and you
• 11:47
  Speaker 1: know many in many cases the ability to earn a living.
• 11:51
  Speaker 1: Tell us about your reaction to this figure, twenty three
• 11:53
  Speaker 1: billion dollars.
• 11:56
  Speaker 2: I mean it's it's sad, I mean, because that is
• 11:58
  Speaker 2: that those are billions of dollars that should have remained
• 12:01
  Speaker 2: in the pockets of Australians and instead what they're doing
• 12:04
  Speaker 2: off the back of increased power prices, which is driving
• 12:06
  Speaker 2: up the cost of everything, is now that you've got
• 12:09
  Speaker 2: families that are struggling to put food on the table,
• 12:11
  Speaker 2: you've got pensioners struggling to heat their homes. And when
• 12:16
  Speaker 2: you look at the government continues to say that renewable
• 12:19
  Speaker 2: energy is the cheapest form of electricity. They continue to
• 12:23
  Speaker 2: say that they're going to bring power prices down, which
• 12:26
  Speaker 2: is why the fire the lie campaign that One Nation
• 12:28
  Speaker 2: launched is about to hit five million dollars because people
• 12:32
  Speaker 2: have been they've been sitting there, they've been lied to
• 12:35
  Speaker 2: over and over again, and the chickens have coming to roost.
• 12:39
  Speaker 2: And this is why one nation said we will scrap
• 12:42
  Speaker 2: net zero. We will scrap this flawed system that's driving
• 12:45
  Speaker 2: up electricity prices, driving up the cost of your groceries,
• 12:48
  Speaker 2: making it harder for you to heat your homes. And
• 12:51
  Speaker 2: you know, it's time to stop lying to Australian people
• 12:53
  Speaker 2: and actually start forcing and doing policies that bring down
• 12:57
  Speaker 2: the cost of everyday goods, bring down the price of ghosts,
• 13:00
  Speaker 2: and to end the cost living crisis.
• 13:02
  Speaker 1: But you know, Nick, I really feel like when we
• 13:03
  Speaker 1: talk about this stuff, and I know it's Monday night,
• 13:06
  Speaker 1: you know, we're having a very economically dry argument here.
• 13:08
  Speaker 1: But I think it's really important for people out there
• 13:10
  Speaker 1: to understand what is happening here. There's so many fronts here.
• 13:14
  Speaker 1: It's like playing whackable because you know, you've got power
• 13:17
  Speaker 1: over here and you've got housing over here. But productivity,
• 13:20
  Speaker 1: that's the one that I keep saying is the big one.
• 13:21
  Speaker 1: And this report today in the Australian front page of
• 13:24
  Speaker 1: the Australia that said jobs growth has surged fastest, so
• 13:29
  Speaker 1: we're making the most jobs in those areas that are
• 13:32
  Speaker 1: the least productive. So that's all the direct funded government stuff,
• 13:36
  Speaker 1: the care economy as we call it. And of course
• 13:39
  Speaker 1: our friends renewables don't talk about you creating jobs in
• 13:43
  Speaker 1: AI or tech or fintech or pharmaceuticals or any other area.
• 13:48
  Speaker 1: It's all in this stuff that's entirely regulate regulation adjacent.
• 13:53
  Speaker 7: We have got to have this conversation, I mean, for
• 13:56
  Speaker 7: people to have this economic conversation we're so used to
• 13:59
  Speaker 7: being a mere is with the Prime minister's lady's comments
• 14:02
  Speaker 7: or Mark Butler behaving like a goose in his office.
• 14:04
  Speaker 7: You know, look, seriously, this country is in deep trouble
• 14:08
  Speaker 7: and we need to get down to the courses of
• 14:09
  Speaker 7: and work out to fix it. And productivity is it.
• 14:11
  Speaker 7: And when you put people in unproductive public service jobs,
• 14:15
  Speaker 7: not only are they not contributing to productivity, actually making
• 14:18
  Speaker 7: it worse because they spend all their day writing new
• 14:21
  Speaker 7: rules and regulations and enforcing old ones that drive the
• 14:25
  Speaker 7: country backwards. This has to stop. And I just think
• 14:27
  Speaker 7: we need the change in the conversation so we stop
• 14:29
  Speaker 7: talking about the peripheral amusing stuff on TikTok and start
• 14:33
  Speaker 7: talking about this basic things which because my grandchildren's future
• 14:37
  Speaker 7: depends on it.
• 14:38
  Speaker 1: Indeed, this country that we all love, it's whole futur
• 14:41
  Speaker 1: realized on it. As you say, Sean, just very quickly
• 14:44
  Speaker 1: of you know your thoughts on this. Dick's talking about regulation.
• 14:47
  Speaker 1: Is it time for the government to have a one in,
• 14:50
  Speaker 1: two out type of rule perhaps for regulation, so that
• 14:53
  Speaker 1: if you're going to pass a new rule about so
• 14:55
  Speaker 1: that you've got to go through the books and find
• 14:57
  Speaker 1: some other crap to pull out of there.
• 15:00
  Speaker 2: Well, that's an excellent suggestion, because you see government, i think,
• 15:04
  Speaker 2: following the passage of their EPB C Act, all of
• 15:07
  Speaker 2: a sudden, I think there's been twenty new regulations that
• 15:10
  Speaker 2: have exploded, which is causing all sorts of dramas for
• 15:12
  Speaker 2: businesses across the country. And another issue that you deal
• 15:15
  Speaker 2: we have to deal with that is a huge issue
• 15:18
  Speaker 2: of productivity, is that government comes in and they don't
• 15:21
  Speaker 2: legislate clear clearly. Whe They'll come and they'll say the
• 15:25
  Speaker 2: Minister has the right under this to come up with
• 15:27
  Speaker 2: terms for a new regulation, and then they throw that
• 15:30
  Speaker 2: out there, and then businesses have to sit around and go, well,
• 15:32
  Speaker 2: what does that mean? What's coming down the pipeline. They're
• 15:35
  Speaker 2: the diffusal of power and responsibility from the parliament to
• 15:38
  Speaker 2: unelected bureaucrats. That's a huge problem as well.
• 15:42
  Speaker 1: Sean Nick, we're gonna have to leave with there. Thank
• 15:44
  Speaker 1: you so much for your time, gentlemen. These are the
• 15:46
  Speaker 1: conversations this country has to have, so thank you so
• 15:50
  Speaker 1: much for having them with me here on the wee
• 15:51
  Speaker 1: pound of Hereshell.
• 15:52
  Speaker 4: Thanks Joe.
• 15:54
  Speaker 1: Well, Buyers continue to shy away from the housing market
• 15:57
  Speaker 1: around the country, as national auction clearance reads stayed below
• 16:01
  Speaker 1: fifty percent for the third week in a row. This
• 16:04
  Speaker 1: past week, now, Vitality data showed the number of properties
• 16:07
  Speaker 1: that went to auction dropped seventeen point two percent in
• 16:11
  Speaker 1: just the past week. To dive deeper to these numbers
• 16:15
  Speaker 1: and what it all means for the economy is Cotalities
• 16:18
  Speaker 1: Research director Tim Lawless. Tim, thanks for joining me here.
• 16:23
  Speaker 1: It's a very bizarre circumstance we're in here where we've
• 16:26
  Speaker 1: got rising interest rates, the governments changes to negative gearing,
• 16:30
  Speaker 1: or as I like to call them, the new housing taxes.
• 16:32
  Speaker 1: Of all of these things are scaring off investment buyers,
• 16:35
  Speaker 1: but for what I can see, they're not really helping
• 16:38
  Speaker 1: first home buyers get into the market at all. It
• 16:40
  Speaker 1: seems like housing affordability is declining with the number of
• 16:44
  Speaker 1: properties on the market.
• 16:47
  Speaker 5: Well, there's a few ways to look at this, I think, James,
• 16:49
  Speaker 5: I mean absolutely, it doesn't look like we're seeing bias
• 16:53
  Speaker 5: coming back into the marketplace despite housing prices coming down.
• 16:57
  Speaker 5: A big part of that is simply confidence. You know,
• 17:00
  Speaker 5: generally a lot of people don't want to buy into
• 17:02
  Speaker 5: the marketplace when prices are falling for fear of very
• 17:06
  Speaker 5: expensive assets suddenly becomes worthless the following day. So I
• 17:10
  Speaker 5: think eventually we probably will see first home by venturing back.
• 17:14
  Speaker 5: That probably means we need to wait until interest rates
• 17:16
  Speaker 5: come down, which is probably next year, and when a
• 17:20
  Speaker 5: bit of confidence returns to the marketplace as well.
• 17:22
  Speaker 1: Well yeah, but Tim, I mean, as far as I
• 17:25
  Speaker 1: can tell, all they've done here is and you're talking
• 17:27
  Speaker 1: about different banks predicting, say a ten percent drop in
• 17:31
  Speaker 1: the value of homes and capital cities, So you could
• 17:34
  Speaker 1: be talking about a very large trillion dollar drop in
• 17:37
  Speaker 1: the national wealth. But that wealth doesn't seem to be
• 17:39
  Speaker 1: actually making it anywhere else. It seems that this policy
• 17:44
  Speaker 1: is just making people overall poorer, and I presume that's
• 17:47
  Speaker 1: going to have effects because you know, as homeowners and
• 17:50
  Speaker 1: people with mortgages start to feel poorer, they're going to
• 17:53
  Speaker 1: start doing less than the economy great points.
• 17:57
  Speaker 5: You know that the housing market is associated with the
• 18:00
  Speaker 5: wealth effect, as we call it, and that works both ways.
• 18:04
  Speaker 5: When housing values are going backwards, consumers are much less
• 18:07
  Speaker 5: willing to spend because they feel that less wealthier, and
• 18:10
  Speaker 5: I think that's really amplified through this cycle. Not only
• 18:13
  Speaker 5: our housing prices going down, but we also have inflation
• 18:16
  Speaker 5: very high. Consurest sentiment is in deeply pessimistic levels. You've
• 18:21
  Speaker 5: got to risk in interest rates a rise further from
• 18:23
  Speaker 5: here as well.
• 18:24
  Speaker 1: So it's no.
• 18:25
  Speaker 5: Surprise to see a lot more buyers are sitting on
• 18:28
  Speaker 5: their hands. We're also seeing less homes coming to the
• 18:30
  Speaker 5: marketplace as well.
• 18:32
  Speaker 1: Well. That's an interesting question that I wanted to ask you,
• 18:35
  Speaker 1: is about the I guess, for lack of a better word,
• 18:38
  Speaker 1: the liquidity of a market. I mean because right now,
• 18:41
  Speaker 1: say six months ago or a year ago, there was
• 18:43
  Speaker 1: a reasonable churn in homes, and you know, if you
• 18:46
  Speaker 1: were looking for housing and buy one, if you want
• 18:48
  Speaker 1: to put your home on the market, you knew there
• 18:50
  Speaker 1: was a pretty good chance it was going to sell.
• 18:52
  Speaker 1: What seems to be happening. And tell me again if
• 18:55
  Speaker 1: I'm wrong here, But you have all of this national
• 18:58
  Speaker 1: wealth tied up in housing, but now the people who
• 19:00
  Speaker 1: need it, or if they do want it or want
• 19:02
  Speaker 1: to get it out, they can't, which again seems to
• 19:06
  Speaker 1: go against the purpose of this government, which is to
• 19:09
  Speaker 1: get money into more productive assets.
• 19:12
  Speaker 5: Well, it is a bit of a catch twenty two
• 19:14
  Speaker 5: And absolutely we are seeing less activity in the market.
• 19:17
  Speaker 5: A dune measure, for example, or estimate of home sales
• 19:21
  Speaker 5: was tracking more than twenty percent below the five year
• 19:25
  Speaker 5: average for Sydney, not not too far behind that for Melbourne.
• 19:28
  Speaker 5: Brisbane had seen it quite a sharp pullback and activity
• 19:30
  Speaker 5: as well. Auction numbers are lower. We've seen fewer vendors
• 19:34
  Speaker 5: putting their homes on the market. But we're also actually
• 19:37
  Speaker 5: seeing even though we're seeing a lower flow of new
• 19:40
  Speaker 5: listings coming to market, the total inventory advertised stock levels
• 19:43
  Speaker 5: is actually rising, not due to any stress sales or
• 19:49
  Speaker 5: pushing stock into the market. It's simply because there is
• 19:51
  Speaker 5: less demand to absorb that level of freshly listed supply.
• 19:56
  Speaker 5: It's taken longer to sell. Clearance rates are low, so
• 19:59
  Speaker 5: for buyers, you know, counter intuitably, there's a lot of
• 20:02
  Speaker 5: stock to choose from. There's not a great deal of urgency.
• 20:05
  Speaker 5: There's a lot of negotiation ability in the market now,
• 20:08
  Speaker 5: which of course is why we're seeing this downwards pressure
• 20:11
  Speaker 5: on prices. As we talked about James, I just don't
• 20:15
  Speaker 5: see buyers having the confidence to make high commitment financial
• 20:18
  Speaker 5: decisions at the moment.
• 20:19
  Speaker 1: And finally, Tim, you know, we talked about the purchas
• 20:23
  Speaker 1: ser as en buyers or sellers. Do we have any
• 20:25
  Speaker 1: indication of what is happening to the rental market? Is
• 20:28
  Speaker 1: it harder or easier to get a rental? Do we
• 20:31
  Speaker 1: know if rents are coming up or going down? Do
• 20:33
  Speaker 1: we have any early data on that, because of course
• 20:36
  Speaker 1: it was the renters who were supposed to be the
• 20:37
  Speaker 1: beneficiaries of all of.
• 20:39
  Speaker 5: US rental markets extraordinarily tight James, we're seeing vacancy rates
• 20:44
  Speaker 5: close to record lows. There were one point six percent
• 20:47
  Speaker 5: in June, so not far off the one point five
• 20:50
  Speaker 5: percent record lower we saw in May. Fair Enough, vacancy
• 20:53
  Speaker 5: rates do move around a little bit from the month,
• 20:55
  Speaker 5: so I think it's fair to say that vacancy rates
• 20:57
  Speaker 5: are record lows. We are seeing some reacceleration in the
• 21:01
  Speaker 5: cost of renting annually, rents arising at about six percent,
• 21:05
  Speaker 5: so well above income growth. So it does look like
• 21:08
  Speaker 5: for rents they are between a rock and a hard place.
• 21:11
  Speaker 5: Here there's not a lot of supply. It's become very
• 21:14
  Speaker 5: unaffordable to rent. My guess is we will see the
• 21:17
  Speaker 5: byproduct of this in a structural change in rental demands.
• 21:21
  Speaker 5: Larger group households or multi generational households, rough living, homelessness
• 21:26
  Speaker 5: of the other worst case examples.
• 21:28
  Speaker 1: Well, Tim as they say, well done to all involved.
• 21:31
  Speaker 1: Thank you so much for your time, Tim Waldas from
• 21:33
  Speaker 1: totality appreciate.
• 21:34
  Speaker 5: It any thanks.
• 21:36
  Speaker 1: Still a coma left is losing it. Plus all the
• 21:39
  Speaker 1: leaders from the US, including former Democrat Calla Walsh and
• 21:42
  Speaker 1: her praise for Iranian Supreme leader Ali how many a
• 21:47
  Speaker 1: bext after the rank? Hey guess what, now it's time
• 21:59
  Speaker 1: for a bit of an lefties losing it? And well,
• 22:01
  Speaker 1: it seemed like half the world was celebrating the Fourth
• 22:04
  Speaker 1: of July this past weekend, but the other half was
• 22:07
  Speaker 1: celebrating Taylor Swift's marriage to Travis Kelsey And gosh, would
• 22:12
  Speaker 1: you look at this? Isn't it funny that all those
• 22:15
  Speaker 1: celebrities who showed up, who normally go all in for
• 22:18
  Speaker 1: the left and open borders, well for this star started event,
• 22:23
  Speaker 1: what did they have? Walls and police and take a
• 22:27
  Speaker 1: look at these borders? Oppressive border walls. Hey, sorry, I'm
• 22:48
  Speaker 1: gonna call this one out here. I mean, really, why
• 22:51
  Speaker 1: do they need the border walls? Shouldn't all of the
• 22:54
  Speaker 1: stars of stage and screen in Hollywood also get to
• 22:58
  Speaker 1: enjoy the enrichment of open borders, don't they want to
• 23:03
  Speaker 1: experience diverse cuisines anyway. Meanwhile, here at one of the
• 23:09
  Speaker 1: World Cup venues, an American and a Pakistani born English national. Well,
• 23:15
  Speaker 1: in this video they meet and they have a little
• 23:18
  Speaker 1: chat about colonialism America and the things that they can
• 23:22
  Speaker 1: agree on. Well, this is really heartwarming, but I warn
• 23:26
  Speaker 1: you there's a bit of a sting of the tail here.
• 23:28
  Speaker 4: Oh we've gotten me say about you wearing that shirt.
• 23:31
  Speaker 4: I mean, I have a lot of feelings about colonialism.
• 23:33
  Speaker 2: I'm actually Pakistani, so colonialism aside, it's nice to be
• 23:37
  Speaker 2: wearing an England shirt.
• 23:37
  Speaker 1: Even though I've lived in the US like almost half
• 23:39
  Speaker 1: my life.
• 23:40
  Speaker 4: I'll never wear an America shirt.
• 23:42
  Speaker 2: Yeah, I wouldn't either.
• 23:43
  Speaker 1: That shirt sucks.
• 23:44
  Speaker 6: Death to America.
• 23:46
  Speaker 1: Yeah, death to America, as the Iranian say.
• 23:49
  Speaker 6: Yeah, but not in England.
• 23:52
  Speaker 1: No, because E's already dead. Oh, England already dead. Anyway,
• 23:56
  Speaker 1: The US will really be in as parless a position
• 23:59
  Speaker 1: as the UK if this sort of thing keeps happening.
• 24:03
  Speaker 1: Meet Mayor Nadia Mohammad of Saint Louis Park, Minnesota, who
• 24:08
  Speaker 1: guess where she spent her fourth of July in the
• 24:11
  Speaker 1: palace of Somalia's president.
• 24:14
  Speaker 4: I just wanted to say thank you for all the
• 24:16
  Speaker 4: work that you do.
• 24:16
  Speaker 8: Genuinely it is because of you and your team.
• 24:19
  Speaker 4: And again will in Conte they're able to come and
• 24:23
  Speaker 4: hopefully four years.
• 24:30
  Speaker 1: And doesn't she look pleased with herself? But I gotta say,
• 24:50
  Speaker 1: if she loves Somalia so much that America is so terrible,
• 24:55
  Speaker 1: why doesn't she just stay there? Ah? Yes, the eternal question.
• 24:59
  Speaker 1: But anyway, wait, let's turn back to the UK and
• 25:02
  Speaker 1: this woman apparently Yeah, she's a journalist. Her name is
• 25:07
  Speaker 1: Yasmin Abhali Brown, and she's even less thrilled about American
• 25:12
  Speaker 1: independence than King George was all those years ago. Have
• 25:16
  Speaker 1: a listen to this one.
• 25:17
  Speaker 8: I'm sorry, America, but you still don't know how hated
• 25:22
  Speaker 8: your country is. July fourth, twenty twenty six America's independence day.
• 25:29
  Speaker 8: The anniversary will be extravagantly celebrated, But America today is
• 25:34
  Speaker 8: a frightful place. Slavery is being whitewashed, Academics, teachers, and
• 25:41
  Speaker 8: activists who try to stop the erasure are being ostracized.
• 25:47
  Speaker 1: Where do you even begin with that level of historical illiteracy?
• 25:52
  Speaker 1: I mean blaming the US and also, I suppose, by
• 25:55
  Speaker 1: exception of the UK for slavery, these are the two
• 25:58
  Speaker 1: countries that fought to end the practice. Is she gonna
• 26:02
  Speaker 1: be talking about that? I don't think so. Anyway, I
• 26:05
  Speaker 1: wanted to bring that to you because I thought it
• 26:07
  Speaker 1: was a serious case of not just Trump derangement syndrome,
• 26:11
  Speaker 1: but everything else related to America derangement syndrome. And I
• 26:16
  Speaker 1: think you're gonna need a little palate cleanser after that.
• 26:19
  Speaker 1: What do you reckon? So for that, let me give
• 26:22
  Speaker 1: you Spencer Pratt. You remember Spencer Pratt. He ran for
• 26:26
  Speaker 1: mayor in Los Angeles and was in with a shot
• 26:29
  Speaker 1: to go through to the runoff until you'll remember the
• 26:33
  Speaker 1: third place socialist candidate just happened to pull ahead in
• 26:36
  Speaker 1: the stakes with a whole bunch of late ballots. Well
• 26:40
  Speaker 1: turns out we have not heard the last of this guy.
• 26:44
  Speaker 1: Have a look at his fourth of July message.
• 26:46
  Speaker 9: Ancestors fought and died to preserve it. Kami Mam. Donnie's
• 26:50
  Speaker 9: ancestors never bled for this country. He has no history here,
• 26:53
  Speaker 9: so he has no attachment to our home. He has
• 26:55
  Speaker 9: no place to rewrite our history and lecture us about
• 26:58
  Speaker 9: what our country stands for. Celebrate today, show some American pride,
• 27:03
  Speaker 9: honor your history, raise your flag, raise a finger, and say,
• 27:06
  Speaker 9: you communists, this is our home and you.
• 27:09
  Speaker 1: Can't have it.
• 27:09
  Speaker 9: Today we celebrate our Independence Day. God bless America.
• 27:20
  Speaker 1: I'm gonna call it now. I think Governor Pratt has
• 27:22
  Speaker 1: a pretty nice ring to it.
• 27:24
  Speaker 2: Now.
• 27:24
  Speaker 1: Finally, well, warning for any lefties out there watching, because
• 27:29
  Speaker 1: I think you're really gonna lose it if you see
• 27:31
  Speaker 1: this one. A bunch of American patriots showing us what
• 27:35
  Speaker 1: it was all about this fourth of July. Yep, that's right,
• 27:39
  Speaker 1: freebird and firearms. Well you may remember Kela Walsh, she
• 28:17
  Speaker 1: was a former darling of the Democrats and the Democrats
• 28:20
  Speaker 1: Socialists of America. Well, she's been in trouble for her activism,
• 28:25
  Speaker 1: her direct action programs, which have gotten her in trouble
• 28:28
  Speaker 1: with the law in the past. But guess what, she's
• 28:31
  Speaker 1: hit a new low over the weekend after she attended
• 28:35
  Speaker 1: You're not gonna believe this here the actual funeral for
• 28:40
  Speaker 1: slain Iranian Supreme Leader Ali Khameni. Now it actually gets
• 28:46
  Speaker 1: worse and weirder that she did this. I mean, not
• 28:50
  Speaker 1: only was it on the fourth of July, but she
• 28:53
  Speaker 1: released a propaganda video declaring that he was, that is
• 28:58
  Speaker 1: the Ayatola, the greatest anti imperialist leader in the world.
• 29:03
  Speaker 6: The US and Israel were mistaken in thinking that by
• 29:06
  Speaker 6: assassinating the leader that they could overthrow the Islamic Republic.
• 29:10
  Speaker 6: In fact, this aggressive move, this audacious move, has actually
• 29:15
  Speaker 6: only had the opposite effect, and that the people are
• 29:19
  Speaker 6: more determined than ever in favor of the revolution, in
• 29:22
  Speaker 6: defending the Islamic Republic and defending Iran's sovereignty. Despite US
• 29:27
  Speaker 6: not trusting the US and Israel to fulfill their agreements.
• 29:31
  Speaker 6: We know this war is probably not over, but it's
• 29:33
  Speaker 6: still fair to say that the US has been more
• 29:35
  Speaker 6: humiliated than it has ever been before in its history,
• 29:39
  Speaker 6: and it has signed away huge concessions to Iran. It
• 29:42
  Speaker 6: seems like this funeral will be one of the biggest
• 29:45
  Speaker 6: funerals in all of world history. He was a leader
• 29:48
  Speaker 6: to all people of the world who struggle against imperialism,
• 29:51
  Speaker 6: against arrogance, against Zionism, against genocide. To me, he was
• 29:57
  Speaker 6: the greatest anti imperialist leader to have lived during my lifetime.
• 30:02
  Speaker 1: I don't even know where to begin with that one.
• 30:04
  Speaker 1: So to help sort that out, I'm joined now by
• 30:07
  Speaker 1: Newsweek's senior editor at large, Josh Hammer. Josh, I have
• 30:12
  Speaker 1: a feeling that somewhere Jane Fonda was watching that video
• 30:15
  Speaker 1: and going, girl, you gotta pull that back a little
• 30:18
  Speaker 1: with the trees and stuff. I mean, at what point
• 30:20
  Speaker 1: do we have to assume that leftism is just, I
• 30:23
  Speaker 1: don't know, a mental illness for these people.
• 30:26
  Speaker 10: You know, Jane Fonda was actually the exact same thing
• 30:28
  Speaker 10: that I was thinking of as I was watching that
• 30:30
  Speaker 10: that horrific clip that we were just subjected to. Frankly,
• 30:35
  Speaker 10: Jane Fonda is blushing, I think somewhere as as you
• 30:39
  Speaker 10: correctly say, this is just Jane fond that taking that
• 30:41
  Speaker 10: steroids to the very next level. I mean, Frank, Frank,
• 30:44
  Speaker 10: where to begin with with with all that was just
• 30:47
  Speaker 10: all that was just said, It is literal Iranian propaganda.
• 30:50
  Speaker 10: This is literal propaganda for the world's number one states mooditary.
• 30:54
  Speaker 10: You can see the U R L right there, PRESTV
• 30:56
  Speaker 10: dot I R. This is Iranian regime media. This is
• 31:00
  Speaker 10: an American who is over there, As you correctly note,
• 31:03
  Speaker 10: on the two hundred and fifty anniversary of the nation's family,
• 31:06
  Speaker 10: a nation that was conceived in liberty, a nation unique
• 31:09
  Speaker 10: among all the modern nations, certainly the time that it
• 31:12
  Speaker 10: was founded, that had held these truths to be self evident,
• 31:15
  Speaker 10: that all men are created equal. You take that, on
• 31:18
  Speaker 10: the one hand, and you compare it with the apocalyptic
• 31:22
  Speaker 10: she Hi supremacist jihadist theocracy that was led by the
• 31:26
  Speaker 10: communist and commonist regime and tragically is still led by
• 31:29
  Speaker 10: it today. There, and you choose to do the latter
• 31:33
  Speaker 10: and not the formal. This is absolutely treason's behavior. I mean,
• 31:38
  Speaker 10: I can't think of a better way to articulate the
• 31:41
  Speaker 10: fact that you could. You might as well just say
• 31:43
  Speaker 10: on camera that I am a traitor to my country. Look,
• 31:45
  Speaker 10: I don't know if this woman currently has a US citizenship.
• 31:48
  Speaker 10: Maybe maybe she voluntarily gave it up. That this is
• 31:51
  Speaker 10: a not unpopular thing to do for a lot of
• 31:52
  Speaker 10: these types who so so deeply hate and abhor their
• 31:55
  Speaker 10: country all the times, which is voluntary relinquish the resizenship.
• 31:58
  Speaker 10: But frankly, you know, I would at least commence investigation
• 32:02
  Speaker 10: because it strikes me is not within the realm or
• 32:04
  Speaker 10: not outside the realm, possibility that someone like this has
• 32:07
  Speaker 10: committed one or more offensive that would deem her worthy
• 32:11
  Speaker 10: of denaturalization if she has not done.
• 32:13
  Speaker 4: Some worried.
• 32:13
  Speaker 10: But this is just galling. It is terrific, It is disgusting,
• 32:17
  Speaker 10: and at a bare minimum, what I would say is
• 32:20
  Speaker 10: someone like this should not be allowed back into the
• 32:22
  Speaker 10: United States in short order. She would probably be detained
• 32:26
  Speaker 10: and asked a lot of questions because I have a
• 32:29
  Speaker 10: lot of questions, frank about what I just saw, and
• 32:31
  Speaker 10: I'm not spo We got all the answers there in
• 32:32
  Speaker 10: that video clip.
• 32:33
  Speaker 1: Oh look, I'll tell you what. If I was flying
• 32:35
  Speaker 1: back into the US, I wouldn't want to be the
• 32:36
  Speaker 1: guy behind her waiting to get through all the questions
• 32:40
  Speaker 1: at the desk that I'm sure they're going to have here.
• 32:43
  Speaker 1: But the thing that strikes me by cal of Walsh
• 32:45
  Speaker 1: and this sort of you know, cosplay revolutionary leftism is
• 32:49
  Speaker 1: she's clearly the way she presents herself when you look
• 32:52
  Speaker 1: at her background, she comes from a very you know, good,
• 32:55
  Speaker 1: well off, posh background. What we're seeing so much with
• 32:58
  Speaker 1: these kids who are getting into this sort of movement,
• 33:01
  Speaker 1: some of the other radical socialist communist movements we're seeing
• 33:05
  Speaker 1: in America, it feels very much like we're going back
• 33:08
  Speaker 1: to the nineteen sixties when you know, the children of
• 33:11
  Speaker 1: the upper middle and upper middle classes got involved with
• 33:15
  Speaker 1: the communists in North Vietnam and Chae Gavara and Malcha
• 33:18
  Speaker 1: took and like, it's just history repeating in some senses.
• 33:23
  Speaker 10: Yeah, except that many ways actually even worse. So if
• 33:27
  Speaker 10: you take nineteen sixties through the United States and you
• 33:29
  Speaker 10: had the Civil Rights struggle and Martin Luther King, it
• 33:32
  Speaker 10: became the symbol of the civil rights struggle. And Martin
• 33:35
  Speaker 10: Luther King had his flaws as many human beings, essentially
• 33:38
  Speaker 10: all human beings do, but overall he had a very
• 33:41
  Speaker 10: sound legacy. He was a very good man because he
• 33:43
  Speaker 10: stood for the basic proposition that you should judge human
• 33:46
  Speaker 10: beings not by the color of the skin, but by
• 33:48
  Speaker 10: the content of their character. I sail that because the
• 33:51
  Speaker 10: man the rival at the time whom Martin lu King
• 33:53
  Speaker 10: Junior shunted to the side was Malcolm X. Malcolm X
• 33:57
  Speaker 10: was a radical. Malcolm V is someone who believed in
• 34:00
  Speaker 10: radical black nationalism, the Black Panthers, and who advocated at
• 34:03
  Speaker 10: times outright over it to anti white racism at quote
• 34:07
  Speaker 10: unquote best now worse sometimes he would advocate just for violence,
• 34:10
  Speaker 10: and because we know that there's nothing new under the sun.
• 34:13
  Speaker 10: We've seen that in the aftermath of the summer twenty
• 34:15
  Speaker 10: twenty Black Lives Matter. So you had the Martin Luther
• 34:19
  Speaker 10: King wing of the race movement from the nineteen sixties.
• 34:23
  Speaker 10: They're now the deep moderates. Actually, the Malcolm X stuff.
• 34:26
  Speaker 10: That's actually these days, frankly, it's all the rage on
• 34:28
  Speaker 10: the left. Look at people like Ibra x Keny, who
• 34:31
  Speaker 10: famously says that the way to rectify previous racism is
• 34:35
  Speaker 10: through current racism, and the way to remedy current racism
• 34:39
  Speaker 10: is to future racism. He's literally saying that you should
• 34:41
  Speaker 10: be racist. That's just Malcolm X. That is just the
• 34:44
  Speaker 10: resuscitation of all these dead, morbid ideologies and the very
• 34:47
  Speaker 10: hateful figures. So, frankly, the nineteen sixties in some ways, yes,
• 34:50
  Speaker 10: it's playing again. In some ways, Frankly, I think is
• 34:52
  Speaker 10: actually even worse now than it was then.
• 34:53
  Speaker 1: Yeah. No, Look, I think you're right about the fact
• 34:55
  Speaker 1: that this is actually worse because there's bigger consequences attached.
• 34:58
  Speaker 1: But it also gets into something else, this broader conversation
• 35:02
  Speaker 1: you know about this younger generation that is drifting towards
• 35:06
  Speaker 1: the far left. And I was struck by White House
• 35:08
  Speaker 1: Press Secretary Carolyn Levitt who had remarks on this. She said,
• 35:13
  Speaker 1: they're drifting to the left due to a mix of
• 35:15
  Speaker 1: laziness and liberal indoctrination on college campuses. Have a listen,
• 35:20
  Speaker 1: because I want to get your reaction to this. This generation,
• 35:22
  Speaker 1: my generation, I hate to say it, gen Z and
• 35:25
  Speaker 1: those younger than me have been raised with just silver
• 35:28
  Speaker 1: spoons in their mouths, just getting everything handed to them.
• 35:30
  Speaker 6: That's not the values this country was built on.
• 35:32
  Speaker 10: It was built on meritocracy and hard work, pulling up
• 35:35
  Speaker 10: your sleeves, pulling yourself up from your bootstraps, and achieving
• 35:38
  Speaker 10: the American dream.
• 35:40
  Speaker 6: And we need to protect it with.
• 35:41
  Speaker 9: All these laziness a little bit, is it?
• 35:44
  Speaker 5: Because the professor said, country's corrupt, it's evil, and we
• 35:48
  Speaker 5: just need to shake them down and hand money out.
• 35:51
  Speaker 6: It's laziness and it's the liberal indoctrination.
• 35:55
  Speaker 1: Josh I reckon, she's got a point. What do you think?
• 35:58
  Speaker 10: Oh yeah, look, thedgena and is thoroughly off the charts
• 36:01
  Speaker 10: at this point. Look look, I think back when when
• 36:04
  Speaker 10: I was first game, my bearings in the American concerted movements.
• 36:08
  Speaker 10: I started reading about William at Buckley, who was a
• 36:10
  Speaker 10: founder of National Review, and I think back to the
• 36:12
  Speaker 10: fact that William ath Buckley Junior wrote his book God
• 36:15
  Speaker 10: and Man and Yale in the early nineteen fifties. He
• 36:18
  Speaker 10: wrote that when he means his twenties, it was considered
• 36:20
  Speaker 10: to me one of these seminal books of the modern
• 36:22
  Speaker 10: American right. But in his book, Bucket was running about
• 36:26
  Speaker 10: how Yale had become a godless, atheistic communist place. He
• 36:30
  Speaker 10: wrote this seventy five ish giver take years ago. So
• 36:33
  Speaker 10: this has been going on for a very very very
• 36:36
  Speaker 10: long time. Nineteen sixties, which we were talking about, it
• 36:38
  Speaker 10: brought up to a whole other level, the invasion of
• 36:40
  Speaker 10: the Frankfurt School and Marcuse and a Doorno and the
• 36:44
  Speaker 10: cultural Marxist and now these days it's just even worse.
• 36:48
  Speaker 10: And frankly, it's actually not just at the university level, unfortunately.
• 36:51
  Speaker 10: Now it's starting at a kindergarten or maybe even at
• 36:54
  Speaker 10: a pre K level, and it's not even just happening
• 36:56
  Speaker 10: in our public school. I think I think it's kind
• 36:58
  Speaker 10: of a bit of a crutch. Frankly for log and
• 37:00
  Speaker 10: or to say, oh, public school is the problem and
• 37:02
  Speaker 10: school choice will fix everything. Look, I support school choice,
• 37:04
  Speaker 10: I've supported for my entire lifetime, but that's actually not
• 37:07
  Speaker 10: a panacea because a lot of the private schools here
• 37:09
  Speaker 10: are actually just very bad as well. We have a
• 37:12
  Speaker 10: total problem when it comes to those who are credentials
• 37:14
  Speaker 10: who actually go into the teaching profession. My mother blessed
• 37:18
  Speaker 10: her heart, she was a teacher for the final twenty
• 37:21
  Speaker 10: twenty five years of her career, and by the time
• 37:23
  Speaker 10: that she retired in her mid sixties, and in her
• 37:27
  Speaker 10: younger colleagues at the time, who were half to a
• 37:29
  Speaker 10: third of her age, they were becoming radical too, and
• 37:31
  Speaker 10: she sold this with her own eyes or the course
• 37:33
  Speaker 10: of her career, she saw the changing the profession there.
• 37:36
  Speaker 10: So Karen Levett is more than on something, and frankly
• 37:39
  Speaker 10: is why I say that America's madrassas of wokeness should
• 37:42
  Speaker 10: be defunded. There should not be a single penny, a
• 37:44
  Speaker 10: single penny of American tax payer of dollars, in my opinion,
• 37:47
  Speaker 10: that go to American HyG dracation. I realize that that
• 37:49
  Speaker 10: sounds like a bit of a bold statement, but ne
• 37:51
  Speaker 10: less think that is the correct remedy given our situation
• 37:54
  Speaker 10: at hand at this time.
• 37:55
  Speaker 4: No.
• 37:55
  Speaker 1: Look, I think there's a lot too that I think
• 37:57
  Speaker 1: the higher education system probably needs to be kind of
• 37:59
  Speaker 1: burnt down and start again. Bill Buckley was correct in
• 38:02
  Speaker 1: his diagnoses all those years ago, and it's amazing how
• 38:05
  Speaker 1: little things have changed in some ways. But what else
• 38:08
  Speaker 1: is I'm fascinated by, Josh, is how these sorts of
• 38:11
  Speaker 1: ideologies have infected absolutely every institution, every earthly institution on earth.
• 38:17
  Speaker 1: And I say earthly institution because I want to mention
• 38:20
  Speaker 1: Pope Leo, who is the first American Holy Father, head
• 38:23
  Speaker 1: of the Catholic Church. He spent the fourth of July weekend.
• 38:27
  Speaker 1: He didn't host a barbecue in the Vatican, but instead
• 38:30
  Speaker 1: he went down to Lampadusa, which is a little island
• 38:33
  Speaker 1: off the south of Sicily, to do a cheesy photo
• 38:36
  Speaker 1: op where he called on European leaders to rise to
• 38:39
  Speaker 1: the momentous challenge to welcome even more migrants. Lamp in
• 38:43
  Speaker 1: Dusa being the entry point for a lot of these people,
• 38:47
  Speaker 1: mostly young men, making it across the Mediterranean. He made
• 38:51
  Speaker 1: a big open borders pitch similar I'm fraid to his
• 38:54
  Speaker 1: president Sessor Pope Francis about the dignity of the rights
• 38:57
  Speaker 1: of migrants, but Josh I noticed that he didn't say
• 39:00
  Speaker 1: a lot about the rights of host societies to say,
• 39:04
  Speaker 1: we actually can't take any more and this is causing
• 39:07
  Speaker 1: us horrific problems.
• 39:11
  Speaker 10: Listen, we've had two popes in a row now, from
• 39:14
  Speaker 10: Pope Francis and now Pope Leo, who are all in
• 39:16
  Speaker 10: on the mass migration, globalism, open boards agenda. It's highly
• 39:20
  Speaker 10: unfortunate because the two popes prior to that, Jump Ali
• 39:22
  Speaker 10: Second and Benedict were for the most part thoroughly right thinking.
• 39:26
  Speaker 10: I was actually a deep fan of Deep and Myra. Frankly,
• 39:28
  Speaker 10: even as say religious Jo as a deep and meyer
• 39:30
  Speaker 10: of both those men, jump all a Second and Benis.
• 39:33
  Speaker 10: But these past two, these past to France and Leo,
• 39:36
  Speaker 10: leave a lot to be desired. I think, I think,
• 39:38
  Speaker 10: I think would be a very polite way of saying it.
• 39:40
  Speaker 10: I frankly, I actually had some hopes when Leo was
• 39:43
  Speaker 10: pitched the first American pope. It's a great story. Maybe
• 39:46
  Speaker 10: made the Vatacans trying to make peace with the White
• 39:48
  Speaker 10: House and Donald Trump, and maybe we're getting get on
• 39:50
  Speaker 10: the same page about nationalism versus globalism, and unfortunately it
• 39:54
  Speaker 10: seems like it's more of the exact same. Listen, I
• 39:57
  Speaker 10: think a token statement from the first American pope would
• 40:01
  Speaker 10: have been nice. I mean, after all, at the American founding,
• 40:04
  Speaker 10: it was an overwhelmingly Protestant founding, but there absolutely were Jews,
• 40:08
  Speaker 10: were absolutely were Catholics. There were many prominent Catholics back
• 40:10
  Speaker 10: then there. I think Pope Leo, as the first American pope,
• 40:14
  Speaker 10: probably missed opportunities, shouldn't. He should have made more of
• 40:16
  Speaker 10: a point to talk about how America was founded on
• 40:19
  Speaker 10: religious liberty. And yes, it was mostly presidents there, but
• 40:21
  Speaker 10: there were absolutely Catholics, Jews, and even a handful of
• 40:24
  Speaker 10: some other faiths as well there. I think there would
• 40:26
  Speaker 10: have been a very very nice moment for the for
• 40:28
  Speaker 10: the world's first American pope. Unfortunately, I guess he has
• 40:31
  Speaker 10: some other ideas suspend it. Not how I would have
• 40:33
  Speaker 10: spent it if I were at him, but I guess
• 40:34
  Speaker 10: I'm at the pope, So.
• 40:35
  Speaker 1: Yeah, no. And it is interesting because, I mean, as
• 40:37
  Speaker 1: you would know, Josh, you know, a lot of the
• 40:39
  Speaker 1: sort of the intellectual activity on the conservative side of
• 40:42
  Speaker 1: politics is actually happening you know, on the Catholic side
• 40:45
  Speaker 1: of things too. That so there's a big intellectual energy
• 40:47
  Speaker 1: coming out of there. It's been a missed opportunity, as
• 40:49
  Speaker 1: you say, just a couple of fun things here. Donald Trump,
• 40:53
  Speaker 1: he's apparently had a hand in pushing FIFA, the World
• 40:56
  Speaker 1: Cup people, to lift these red card suspension of A
• 41:01
  Speaker 1: US player. Official confirmed to The New York Post that
• 41:04
  Speaker 1: Trump directly reached out to FIFA to ask them to
• 41:07
  Speaker 1: take a second look at US star Floren Belugan's suspension.
• 41:12
  Speaker 1: FIFA rolled back the suspension, allowing him to play again.
• 41:15
  Speaker 1: I kind of love this Trump. I don't think he's
• 41:17
  Speaker 1: a big soccer fan, but he's he's kepting on the
• 41:20
  Speaker 1: phone to make sure that the US gets a fair shock.
• 41:23
  Speaker 1: What do you reckon?
• 41:25
  Speaker 10: So this was an outrageous call. I am also not
• 41:28
  Speaker 10: a huge soccer fan, but I've actually been watching every
• 41:31
  Speaker 10: day of this World Club. I've been very, very into it,
• 41:33
  Speaker 10: especially since my country in the US, it says, hosting
• 41:35
  Speaker 10: most of the matches. This call was insane. Did this
• 41:37
  Speaker 10: call in the United States' last match against Bossi and Herschovina?
• 41:41
  Speaker 10: What was an absolutely outrageous call there? I don't begrudge
• 41:44
  Speaker 10: President Trump at all for getting involved. You know, frankly,
• 41:47
  Speaker 10: there's a lot to be said about soccer. It's not
• 41:49
  Speaker 10: my personal sport. It is the world sports, I suppose.
• 41:52
  Speaker 10: But there's a lot of corruption. There's a lot of
• 41:55
  Speaker 10: corruption in FIFA. I'm not saying that the referee who
• 41:57
  Speaker 10: pulled out that this outraged red card was on the
• 42:00
  Speaker 10: dole was taking a bribe. I'm just saying that historically,
• 42:03
  Speaker 10: speaking FIFA and corruption, there's been some thing diagram overlap there.
• 42:08
  Speaker 10: Let's go ahead and say that. So I think it
• 42:10
  Speaker 10: would be very rich for a lot a lot of
• 42:13
  Speaker 10: other folks to say, ah, President Trump is overstepping his
• 42:15
  Speaker 10: bounds there. Well, you know, on FIFA's overstepped their bounds
• 42:17
  Speaker 10: a lot of times over the years as well. And ultimately,
• 42:20
  Speaker 10: what can President Trump do? What can he actually threadn
• 42:23
  Speaker 10: the referee? What can he actually threaten FIFA? He can't
• 42:25
  Speaker 10: threaten anything in the United States. Is we're currently torment.
• 42:28
  Speaker 10: Trump is going to attend the champion match. He's very excited,
• 42:31
  Speaker 10: apparently based on I've read to do so there. So
• 42:33
  Speaker 10: he's placing a phone call as a concern citizen, as
• 42:36
  Speaker 10: a concernspactator, I say all the more power to him
• 42:38
  Speaker 10: again the actual call. I'm not a socrificionado, but I've
• 42:42
  Speaker 10: watched a match er too. This call actually was outrageous. Frankly,
• 42:44
  Speaker 10: I'm happy to see it overturned for now.
• 42:45
  Speaker 1: Good stuff me too. Thank you so much, Josh Hammer.
• 42:48
  Speaker 1: Fantastic chat. Catch up again soon, Thank you so much.
• 42:52
  Speaker 1: Coming off all the ladies with the royal family as
• 42:54
  Speaker 1: Prince Harry heads to the UK without Megan Markle and
• 42:57
  Speaker 1: their two children as Lamar, so it's be next to
• 43:00
  Speaker 1: discuss all that and more. Welcome back. Well, let's get
• 43:14
  Speaker 1: all the latest royal news and joining me now is
• 43:16
  Speaker 1: News Corp columnist Angela Mallard. It has been revealed that
• 43:20
  Speaker 1: Prince Harry will travel to London this week without Megan
• 43:24
  Speaker 1: Markle or their two children, Archie and little Bit, due
• 43:27
  Speaker 1: to an ongoing dispute over security arrangements. The decision not
• 43:32
  Speaker 1: to bring the kids into London makes it less likely
• 43:36
  Speaker 1: that they will be able to meet the King for
• 43:38
  Speaker 1: the first time in years. Purpose of the trip is
• 43:41
  Speaker 1: to instead mark a year ago until the Invictus Games
• 43:45
  Speaker 1: in Birmingham. Angela tell us more about this. What more
• 43:49
  Speaker 1: can you tell us about this, the secure dispute and
• 43:51
  Speaker 1: I guess the sad fact that they all might not
• 43:54
  Speaker 1: have the big family reunion.
• 43:56
  Speaker 4: That's absolutely right, James. Well, this has gone backwards and
• 43:59
  Speaker 4: forwards for the life last eight days. So the Sussex
• 44:02
  Speaker 4: team leaked it that they're going to bring the children.
• 44:04
  Speaker 4: Everyone got very excited about that. The Palace bucking and
• 44:07
  Speaker 4: Palace opened, oh sent an invitation to Harry and his
• 44:11
  Speaker 4: family to say you can stay at one of the
• 44:13
  Speaker 4: royal residences and then they've been waiting all week to
• 44:16
  Speaker 4: see if that which one it's going to be, and
• 44:18
  Speaker 4: whether that will actually happen. Now Harry, at the eleventh
• 44:21
  Speaker 4: hour has come out and said the security is not
• 44:24
  Speaker 4: there to bring his Childredren. You know that it's not
• 44:27
  Speaker 4: safe for them. The fact is the security wasn't there anyway,
• 44:31
  Speaker 4: the Home Office is not prepared to extend taxpayer funded
• 44:35
  Speaker 4: security to a non royal at this stage. They always,
• 44:38
  Speaker 4: you know, they're constantly reviewing it. In this stage they
• 44:42
  Speaker 4: have been reviewing it. What I think Harry was trying
• 44:44
  Speaker 4: to do is force the matter. He was trying to
• 44:47
  Speaker 4: get I mean, the King's never got it going to
• 44:49
  Speaker 4: get involved in this and that's possibly what Harry was
• 44:52
  Speaker 4: hoping for. But anyway, the Home officers turn around and
• 44:54
  Speaker 4: said they will not have extra security. The fact is
• 44:57
  Speaker 4: though that if they are in a royal palace, they
• 44:59
  Speaker 4: do have that ccurity. So there's just this petulance, this
• 45:03
  Speaker 4: back and forward. Realistically, what Harry was trying to do
• 45:07
  Speaker 4: with this trip was yes, bring the family together, but
• 45:10
  Speaker 4: you can also see it was really an attempt to
• 45:14
  Speaker 4: give them greater relephancy.
• 45:15
  Speaker 1: Again, well, yeah, I mean it just seems that this
• 45:17
  Speaker 1: security thing and again, you know, I'm not in the
• 45:20
  Speaker 1: behind closed doors conversation. I don't know the threat assessments,
• 45:23
  Speaker 1: but this to me seems very much like he's trying
• 45:26
  Speaker 1: it on very much.
• 45:28
  Speaker 4: So, I mean, look, it's a legitimate thing to consistently
• 45:31
  Speaker 4: as the terrorist situation changes, you know, what's happening in America,
• 45:35
  Speaker 4: that sort of thing. You it is something that's constantly
• 45:38
  Speaker 4: reviewed and of course that happens to politicians, members of
• 45:40
  Speaker 4: the royal family, celebrities, everybody. But they have said the
• 45:43
  Speaker 4: security isn't there. So why did Harry brief saying he
• 45:47
  Speaker 4: was coming before he could have asked the Home Office
• 45:49
  Speaker 4: if I bring my children. Will I have security if
• 45:52
  Speaker 4: they said no, or if they said yes, you'll have
• 45:54
  Speaker 4: it in the palace, but not out in the streets
• 45:56
  Speaker 4: of London. This is the thing though, James. It could
• 45:58
  Speaker 4: still he could still end up bringing the kids. He said,
• 46:01
  Speaker 4: they're not going to London. He's also going to Birmingham
• 46:04
  Speaker 4: as part of as you said, it could be that
• 46:06
  Speaker 4: the children go there.
• 46:07
  Speaker 7: We haven't.
• 46:08
  Speaker 4: It's not over yet, yeah.
• 46:09
  Speaker 1: And do we think though, that there will be a
• 46:11
  Speaker 1: meeting at least between Harry and his father, the King.
• 46:14
  Speaker 4: You would hope.
• 46:15
  Speaker 1: So.
• 46:15
  Speaker 4: The last time they saw each other was late last year.
• 46:18
  Speaker 4: Obviously the King is still being treated for cancer, and
• 46:22
  Speaker 4: I think the King very much wanted to see his grandchildren.
• 46:25
  Speaker 4: You know, they are five and seven now a lot.
• 46:27
  Speaker 4: You know, they've moved on since they were babies, which
• 46:29
  Speaker 4: effectively when he last saw them. I think Harry will
• 46:32
  Speaker 4: meet with his father. I definitely think Harry and William
• 46:35
  Speaker 4: will not meet at all. That will not happen. There
• 46:37
  Speaker 4: is no chance of that.
• 46:38
  Speaker 1: Really.
• 46:39
  Speaker 4: That relationship is so broken down it's hard to imagine.
• 46:43
  Speaker 4: In the current state. It would take something like the
• 46:46
  Speaker 4: King's death or funeral, I think to bring them together
• 46:49
  Speaker 4: at the moment.
• 46:50
  Speaker 1: And what is this all pour tend more broadly for
• 46:52
  Speaker 1: the royal family, because you know, none of this helps
• 46:56
  Speaker 1: the image of an institution which, let's be frank, has
• 47:00
  Speaker 1: had its issues. You've written a great piece over the weekend,
• 47:02
  Speaker 1: Why I Pity Poor Prince George, which is online now.
• 47:06
  Speaker 1: Everybody out there, go find it, go click on it,
• 47:09
  Speaker 1: go read on it right now, because you explained how
• 47:12
  Speaker 1: young George, who's in line to inherit the crown, will
• 47:15
  Speaker 1: do so at a time when the royal family is
• 47:18
  Speaker 1: more and more of an afterthought.
• 47:20
  Speaker 4: Walk us through that well, I think that as well
• 47:22
  Speaker 4: as being an afterthought, I mean, they still command. This
• 47:24
  Speaker 4: is why we're talking about them, because they still command
• 47:26
  Speaker 4: audiences and viewers. The issue is that when I was
• 47:30
  Speaker 4: reporting on the Royals back in the nineties, the monarchy
• 47:33
  Speaker 4: operated separately to celebrity. Now it's like a sort of
• 47:38
  Speaker 4: subset of celebrity. And the problem and the reason that
• 47:41
  Speaker 4: is the case is that it's gone from basically the
• 47:45
  Speaker 4: being governed by the Press Complaints Commission, the Press Counsel
• 47:48
  Speaker 4: as to what journalists can report. Now they're putting out
• 47:51
  Speaker 4: their own material. So it's all about social media now.
• 47:53
  Speaker 4: So it's the other issue is that with Andrew mount
• 47:56
  Speaker 4: Vatten Windsor and Harry, the standing of the monarchy and
• 47:59
  Speaker 4: people eyes has decimated, and so George would be inheriting
• 48:03
  Speaker 4: this monarchy. I mean it's decades away. You Just the
• 48:07
  Speaker 4: reason I wrote about it is that he's about to
• 48:08
  Speaker 4: turn thirteen. Yeah, and so that's the he goes to
• 48:12
  Speaker 4: eat and he can no longer fly with his father.
• 48:14
  Speaker 4: That you cannot have an air and a spare in
• 48:16
  Speaker 4: the same plane together. But I look, I really pity
• 48:20
  Speaker 4: a young boy who does not have the choices is
• 48:22
  Speaker 4: grower is going to be raised in the system. When
• 48:25
  Speaker 4: the late Queen Elizabeth was alive, she was protected by
• 48:28
  Speaker 4: the mystique of the monarchy that exists.
• 48:31
  Speaker 1: And that's a really interesting thing to me because this
• 48:33
  Speaker 1: whole old idea of the monarchy as the embodiment of
• 48:38
  Speaker 1: the nation in you know, the sovereign or in the
• 48:41
  Speaker 1: sovereign family. That's not there anymore.
• 48:44
  Speaker 4: Is it only in a sort of you know, in
• 48:48
  Speaker 4: a figurehead way, not in an instrumental way. And you know,
• 48:51
  Speaker 4: thirty years ago that was not the case. They were
• 48:54
  Speaker 4: very much at the forefront front of British life. Look,
• 48:57
  Speaker 4: they are still a tourism calling card for sure. You
• 49:00
  Speaker 4: people go and see the palaces and that sort of thing.
• 49:03
  Speaker 4: But they're in this very difficult line. Not only is
• 49:05
  Speaker 4: it their institutional duties that are changing, but it's the
• 49:10
  Speaker 4: way they present themselves, the way they have to harness
• 49:13
  Speaker 4: media themselves to put out their own content, and for
• 49:16
  Speaker 4: that to be absolutely perfect all the time. They cannot
• 49:20
  Speaker 4: set a foot wrong. I think that's made it very difficult.
• 49:23
  Speaker 4: You know, people think about the Diana years, that has
• 49:25
  Speaker 4: been the worst time to be a royal, and that's
• 49:27
  Speaker 4: when I was reporting on it. I think it's far
• 49:29
  Speaker 4: going to be far, far worse for George. I mean,
• 49:31
  Speaker 4: we have an a citizen journalism. Everybody has a phone,
• 49:35
  Speaker 4: so you remember when Harry was naked in Las Vegas
• 49:38
  Speaker 4: playing strip billiards or that could happen to George any day.
• 49:43
  Speaker 4: Now that everybody has a phone, he's going to school,
• 49:45
  Speaker 4: there'll be kids with phones.
• 49:46
  Speaker 1: There as It's a bleak prospect for those of us
• 49:49
  Speaker 1: who love the institution of the barchy, you know, even
• 49:52
  Speaker 1: if we don't always like the shenanigans that their individual
• 49:55
  Speaker 1: members get up to. Thank you so much, for your
• 49:56
  Speaker 1: time and we'll hop me through this. That's it for me.
• 49:59
  Speaker 1: Next is Newsnight,