The world could pay a high price for the US launching war on Iran.  

Global shipping's in turmoil as Donald Trump's naval blockade increases uncertainty, although he's hinting peace talks could resume. 

The International Monetary Fund's warning a prolonged conflict could tilt the global economy towards recession. 

Former Chief Economic Advisor to Boris Johnson, Gerard Lyons told Mike Hosking that from an economic perspective, there are no easy wins for the UK. 

He says it’s likely that growth will be low, inflation will rise, and unfortunately unemployment, which currently sits around 5.4%, could head even higher.  

LISTEN ABOVE 

The world could pay a high price for the US launching war on Iran. &nbsp;
Global shipping's in turmoil as Donald Trump's naval blockade increases uncertainty, although he's hinting peace talks could resume.&nbsp;
The International Monetary Fund's warning a prolonged conflict could tilt the global economy towards recession.&nbsp;
Former Chief Economic Advisor to Boris Johnson, Gerard Lyons told Mike Hosking that from an economic perspective, there are no easy wins for the UK.&nbsp;
He says it’s likely that growth will be low, inflation will rise, and unfortunately unemployment, which currently sits around 5.4%, could head even higher. &nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Gerard Lyons: Former Chief Economic Advisor to Boris Johnson on the IMF's warnings about the Iran war's impact on the global economy, the impact on the UK

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5bc9bbf5-6f9c-46e0-a7c6-b42e0159017c/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

  

The war: 6/10 

Mark my words, this is closer to the end than many think. Round two of talks, a squeeze on the Strait – the Iranians are about to capitulate.  

  

Moana Pasifika: 4/10 

In a competition already lacking sparkle, this can't have helped. And also, perhaps a lesson in starting something for the right reasons, not ideological ones.  

  

The Crusaders' horses: 3/10 

That's a 30-year legacy we will miss.  

  

Emma Aitken: 7/10 

Pleased she wasn’t booted, but nor should she have been. What a storm in a bone china, Northern Club teacup.  

  

The BSA: 7/10 

Can't wait to see the back of them. Good luck and good night.  

  

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/richard-arnold-us-correspondent-on-the-negotiations-between-iran-and-the-us-resignations/">The war: 6/10</a>&nbsp;
Mark my words, this is closer to the end than many think. Round two of talks, a squeeze on the Strait – the Iranians are about to capitulate. &nbsp;
&nbsp;&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/debbie-sorensen-moana-pasifika-ceo-on-the-league-exiting-super-rugby-at-the-end-of-the-season/">Moana Pasifika: 4/10</a>&nbsp;
In a competition already lacking sparkle, this can't have helped. And also, perhaps a lesson in starting something for the right reasons, not ideological ones. &nbsp;
&nbsp;&nbsp;
The Crusaders' horses: 3/10&nbsp;
That's a 30-year legacy we will miss. &nbsp;
&nbsp;&nbsp;
Emma Aitken: 7/10&nbsp;
Pleased she wasn’t booted, but nor should she have been. What a storm in a bone china, Northern Club teacup. &nbsp;
&nbsp;&nbsp;
The BSA: 7/10&nbsp;
Can't wait to see the back of them. Good luck and good night. &nbsp;
&nbsp;&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: The Aitken case was a storm in a bone china, Northern Club teacup

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0307e81a-3b75-48f1-90cf-b42e0170d30e/transcript

Not a lot of coverage has been given to the failed appeal by Tony Gibson. 

He was the head of the Port of Auckland, a worker died and he was charged under health and safety and found guilty. 

It was the Health and Safety at Work Act of 2015, and he was the first person of a large operation to be charged and found guilty under it. 

This in no way takes away from the tragedy and seriousness of the accident. 

But the question for us all though, is can you reasonably hold a single person responsible in a company where so many people, if you were looking to cast a wide net, potentially could also be responsible? 

And if you can, what sort of chilling effect does that have around the running of large companies in which you can potentially be held to account for Lord knows what? 

The court found he had overall responsibility, which in theory is not unfair. It’s the buck-stops-at-the-top argument. 

But what about the board? What is the point in having management and managerial responsibility if it all eventually gets sheeted back up top? 

In a business where safety is a key aspect of operation, you presumably have people and groups, or committees, that operate procedures and rules. 

What level, if any, of responsibility do they hold, or share? 

Can one person really be held to account for the singular accident, on one day, in one incident, in a company of hundreds, or potentially thousands? 

And if you answer 'yes', as the court seems to have, then how does a CEO change the way they approach the running of that business? 

Are they risk averse? Do they take longer to make decisions? Does progress get slowed as we guess, second guess, then guess one more time just in case? 

Do you overspend or invest in areas "just in case"? How much sleep do you lose doing all this? 

If the rules around being on a board are increasingly arduous, and they are, is making life as a CEO harder, productive? 

Or is finding a single person culpable for any event in the workplace an easy out, of a complex problem allowing everyone else to wash their hands? 

Not a lot of coverage has been given to the failed appeal by Tony Gibson.&nbsp;
He was the head of the Port of Auckland, a worker died and he was charged under health and safety and found guilty.&nbsp;
It was the Health and Safety at Work Act of 2015, and he was the first person of a large operation to be charged and found guilty under it.&nbsp;
This in no way takes away from the tragedy and seriousness of the accident.&nbsp;
But the question for us all though, is can you reasonably hold a single person responsible in a company where so many people, if you were looking to cast a wide net, potentially could also be responsible?&nbsp;
And if you can, what sort of chilling effect does that have around the running of large companies in which you can potentially be held to account for Lord knows what?&nbsp;
The court found he had overall responsibility, which in theory is not unfair. It’s the buck-stops-at-the-top argument.&nbsp;
But what about the board? What is the point in having management and managerial responsibility if it all eventually gets sheeted back up top?&nbsp;
In a business where safety is a key aspect of operation, you presumably have people and groups, or committees, that operate procedures and rules.&nbsp;
What level, if any, of responsibility do they hold, or share?&nbsp;
Can one person really be held to account for the singular accident, on one day, in one incident, in a company of hundreds, or potentially thousands?&nbsp;
And if you answer 'yes', as the court seems to have, then how does a CEO change the way they approach the running of that business?&nbsp;
Are they risk averse? Do they take longer to make decisions? Does progress get slowed as we guess, second guess, then guess one more time just in case?&nbsp;
Do you overspend or invest in areas "just in case"? How much sleep do you lose doing all this?&nbsp;
If the rules around being on a board are increasingly arduous, and they are, is making life as a CEO harder, productive?&nbsp;
Or is finding a single person culpable for any event in the workplace an easy out, of a complex problem allowing everyone else to wash their hands?&nbsp;

Mike's Minute: Is the boss responsible for a death in a major company?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/af676c32-316b-469c-89f5-b42e016eabdc/transcript

A major fire at one of Australia's two remaining oil refineries isn't expected to have much effect on national prices.  

The fire at Viva Energy's Geelong facility will hinder its ability to make petrol, but it can still produce diesel and jet fuel. 

It's one of only two sites in Australia and produces 10% of the country's fuel. 

Australia Correspondent Murray Olds told Mike Hosking the fire underlines the perilous nature of the country’s fuel supplies, as they have very limited refining capacity.  

LISTEN ABOVE 

A major fire at one of Australia's two remaining oil refineries isn't expected to have much effect on national prices. &nbsp;
The fire at Viva Energy's Geelong facility will hinder its ability to make petrol, but it can still produce diesel and jet fuel.&nbsp;
It's one of only two sites in Australia and produces 10% of the country's fuel.&nbsp;
Australia Correspondent Murray Olds told Mike Hosking the fire underlines the perilous nature of the country’s fuel supplies, as they have very limited refining capacity. &nbsp;
LISTEN ABOVE&nbsp;

Murray Olds: Australia Correspondent on the oil refinery fire, the IMF report, defence spending

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4e703706-ccce-4083-9465-b42e016d7ad5/transcript

Gerard Lyons: Former Chief Economic Advisor to Boris Johnson on the IMF's warnings about the Iran war's impact on the global economy, the impact on the UK

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