Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant the accuracy of closed captions. These are derived automatically from the broadcaster's signal.
Lateline Business -

View in ParlView

(generated from captions) unthinkable, but building a plastic bottle boat in the

From San first place has been a change.

From San Francisco, North

American Correspondent Lisa Millar.

No matter the month, it's

always tourist season in San

Francisco. The city by the bay

renowned for its summer fogs

and famous landmarks is also a

haven for yachties, and inside this nondescript this nondescript peer in the

heart of San Francisco's

waterfront a most unusual

sailing project is taking

shape. A team of environmental

adventurers led by the exuberant David de Rothschild

is building a boat out of

plastic bottles. So you are now

standing on the deck of the 'Plastiki'. It's been three

years in the planning and

sometimes seemed simply too hard. All my friends have been

like, "Geese, will you build

the boat, what are you the boat, what are you doing,

how long does it take to build

a boat". Not a lot of people

build a boat out of recycled

plastic and whack plastic

bottles on the side. That's

also been the challenge, and

the exciting challenge. This is

what the boat 'Plastiki' will

look like, the frame made of

recycled plastic will be lined

with 12,500 bottles filled with

CO2, they'll help provide

buoyancy. We are now standing

on a material that is

potentially a solution for the

waste problem that is plastic

PT bottles. Plastic waste is

what is driving this

31-year-old descendant of a

determined to make a wealthy banking family, who is

determined to make a difference

to the planet. I felt that we

just continued to talk about

the problem, and not move that

conversation towards solutions.

I really hope that this becomes

a tipping point. He's had no

end of experts happy to be

involved. We want to inspire

that kind of degree of wonder

in the every day products.

People take a bottle. Instead

of throwing it in the trash,

they think about the effort and

energy going into making it and

think about the life it could

have after they've used it. Use

it they do, billions of plastic

bottle. Shopping bags, toothbrushes and cigarette

lighters, they make up 90% of

rubbish in the sea and kill an

estimated million seabirds

every year. Towards the end of

November they'll set sail under

the Golden Gate Bridge, heading

for a rubbish dump, about

1600km from here in the middle

of ocean, it's a plastic soup

of waste that the United

Nations says is growing at an

alarming rate. The massive

waist known was waist known was the Eastern

Pacific Garbage Patch is

created by a convergence of

ocean cur unts, it's bigger

than Victoria and NSW combined

and was documented for the

first time a decade ago. This

is what you'll find, minute

pieces of plastic broken down

by the sun, sitting beneath the

surface. 'Plastiki''s 29-year-old skipper Jo Royle

will sail directly for it. Yes,

I sailed through dense areas of

marine debris in the past and

it's interesting to kind of

examine what debris you are

sailing through, and we used to

thing it was ships dumping

waste, now it's obvious that

it's, you know, coming from the

consumer as much as

shipping. When people say

should I care about this issue,

yes, you should care, not just

because of the environmental

impact but because of health

imparked. Plastic is full of

taxins, it's an oil based

product, PCBs, and karsy gens,

inguested through the little

guise up to the big bit of tupa

that we eat, which we probably

carried home in a plastic

bag. This is bag. This is 'Plastiki''s

Mission Control, where they

show-off the bikes powering the

boat, technology keeping it

afloat and ram home the message. I think people are

becoming more aware of it.

Years ago everyone was throwing

anything any place, where I

think people have become a lot

more aware. It's excellent that

someone is going to take recycled products and make a

boat out of it, a

catamaran-type thing to

sale. As we move out of the

cabin, we'll have a navigation

desk in here. San Francisco was

the first US city to the first US city to ban

plastic bags, its Mayor thinks

it's fitting that 'Plastiki'

will end its journey in Sydney

next March. A sister city we

had for decades, it's a perfect

Book mark, adventurous trek.

It's hard enough to fly back

and forth from San Francisco,

to Sydney. I can imagine taking

a boat made of plastic water

bottles. When it docks. The

'Plastiki' will be broken up,

all the parts reused, the

ultimate recycling job ensuring

its lasting legacy. To the

weather, showers and storms in

Darwin, Canberra, Melbourne and

Hobart. Dry and sunny in the

other capitals, a warm day in

Adelaide. That's all from Adelaide. That's all from us,

Lateline Business coming up in

a moment. If you'd like to look back at the interview back at the interview with

James Fallows, or review any of

Lateline's stories or

transcripts, visit the web site

at abc.net.au/lateline. And now at abc.net.au/lateline. And

Lateline Business with Ali Moore. Thanks. Tonight the

correction the market had to

have, or something more. This

has been a welcome period of

correction or consolidation

that the market got too far

ahead of itself. Keeping an

eye on the economic road eye on the economic road ahead.

cautious Toll Holdings urges a more

cautious approach. Australia

could be a little flatter than

it common believed. And

bringing down the system -

documentary film-maker Michael

Moore says our love affair with

capitalism must end. I think

the only way to deal with this

is essentially to eliminate it

and come up with a new economic

system that spokes to the 21st

century. To the markets, and the All Ords fell for the

fourth day in a row. The ASX

200 had its biggest one-day

fall for four month, in Japan

the Nikkei plunged below 10,000 points. Hong Kong's Hang Seng

fell 2.25%, and in London the

FTSE is flat in morning

trade. The renewed volatility

on global stock markets comes on global stock markets

in the week of the 80th anniversary of the Wall Street

crash which led to the Great

Depression. And while nobody is

for a second suggesting we are

heading down that path again,

it's eight months since the

the global financial market hit the lows caused by

the global financial crisis,

Andrew Robertson reports. Four

consecutive days of solid falls

and stock market investors are

nervous again Sentiment has

changed in the early part of

this month we saw substantial

gains, in fact, in an 8-day period in the Australian share

market it rose 6% in the space

of eight days, in the period

since we have given back all

the gains, so we are back at

square one. Looking at the year

as a whole, a stellar 8-month

run has the market up 45% from

its low of 3,146 on the 6

March. This week's four days of

losses totalled 6%. CommSec's

Craig James believes now is the

time for investors to hold

their nerve This has been a

welcome period of correction

for consolidation that the

market got too far ahead of

itself. If we look at the

material sector, the price

earnings ratio, got to a level

double the long-term average,

it isn't sustainable. No surprise the materials surprise the materials index

was the biggest drag on the

market followed by energy,

financials and consumer

discretionary. The best

performers the defensive

stocks, money markets though

have reacted to the stock

market jitters with the dollar

falling and short-term interest

rates tumbling, traders believe the Melbourne Cup Day interest

rise will be a quarter of a

percentage point at the percentage point at the most.

As he unveiled ANZ banks

full-year earnings result Chief

Executive Mike Smith repeated

his criticism of the Reserve

Bank's first interest rate

rise. They have reasons for

making the decision, I am making the decision, I am not

saying they are wrong, I'm

saying that I would have chosen

a slightly different path. Mr Smith believeses the Reserve

Bank acted too soon. He accepts the worst of

the worst of the global

financial crisis is over,

there's hurdles to

overcome. Most of the rest of

the world, any signs of

buoyancy are driven by direct

Government stimulus. Including

Asia. So, you know, I think we

have to be careful that we

think that this, you know, that

this party is all over. Craig

James though believes James though believes the

Reserve Bank won't be

distracted by this week's

gyrations on the stock

market. It has to be focussed

not just over the next couple

of month, on the next year or

so, and the Australian economy

is recovering driven very much

by China, we believe that that

recovery still very much in

place. While the change in

sentiment on the stock market

has many wondering what lies

ahead ANZ's full-year result is

a reminder of what the world

has been through. As has been through. As with National Australia Bank

yesterday an increase in

provision for bad debts to more

than 3 billion dragged earnings

down. Net profit of 2.9 billion

was 11% lower than last year,

although underlying earnings

were up 10% to 3.8

billion. The issue for ANZ and

all the banks is that there's

no top line growth at the

moment, and, you know, the

prospects for good top line growth in the immediate future

aren't great, so the gains have

been in the net interest

margin, and again that's

unlikely to be an enduring

feature of bank results,

there's a potential squeeze,

you know, looking forward until credit growth picks up

again. As for the stock market the United States economic

growth figures due out in the

next half hour will be a next half hour will be a guide

to the immediate future. Well,

for a look at what is expected

with the GDP numbers, I'm

joined from London by Stephen Pope, Chief Global Market Strategist with Cantor

Fitzgerald. To the numbers,

expectings are in the range of

2.2-2.3% annualised for the

third quarter after a 0.7%

contraction, that's a big turn

around, the pundits are

right. It would be a major turn

around, you are correct to say

that. What you will find is

that there's been a steady

build up of people replenishing inventories, there was good demand through durable goods

for machinery, all the key

deponents will take the GDP

figure to a stronger level. If

it's about replenishing

industry, how sustainable would

growth at that level

growth at that level be? Well,

I think you have to understand

that companies as we have been

seeing through the reporting

period, they are not going to

start running up costs by

holding inventory if they don't

think they'll shift the stock

within 60 days or so. Any

inventry build witnessed in the

numbers will be done because

companies feel there's a demand

for the product or raw for the product or raw material

they are seeking to put up into

storage, generally speaking if

there's an inventory bill, we

should be encourage ed. What

will be difficult is looking at

the claims number, the ongoing

unemployment scenario is a drag

upon the US economy. Are you

expecting it to be around 3.2%? I would imagine around

the three level is fine, it

will be a good improvement from

where we've been, one or two of

those competing banks are

suggesting a lower number

coming through, if we were to

see something in the region of

2., markets would turn south

once more. Whatever we get it's

important to try to go beyond

the headline figure, seeing

where growth has been delivered

into the US economy, and we can

decide if it's sustainable as

we get a revision and go into

quarter fall. We'll get the

numbers before the end of the

program. As we speak, BHP

Billiton is holding

Billiton is holding an Annual

General Meeting, what update

are shareholders getting? I

think generally speaking it's

been a reiterating all the

commentary coming through when

they gave their production and

exploration orps for the

quarter a few weeks - reports

for the quarter a few weeks

ago. The share price was

trading high around +35 in

London first thing this

morninging as commentary comes

through China rebuilt

inventories and some demand

will pare back, taking 5 p off

the share price improvement.

That's a concern, you look

across and Don Argus indicates

it's not the emerging

territories building up

inventory demand, but the

developed economies are looking

to keep up their stock piles of

raw materials replenished to undertake the ongoing

infrastructure programs that we

have in the western

hemisphere. Stephen Pope,

banking and Northern Rock has

been split in two, the good

bank and the bad bank. Yes,

this is the directive given.

The all clear has been given

from the European Commission.

What we are saying is we don't

want the good bank rushed want the good bank rushed away

from Government or taxpayer

ownership too quickly, because

this current Government we have

are rather beleaguered lots of

bad news, GDP wasn't good. They

are desperate for something

glimmering and shining to glimmering and shining to show

to the Government. If they sell

too quickly saying, "Look, you

are getting money back", it

might seem it's been sold too

quickly. They've been the bad

bank, the other side of the

coin, headed by the taxpayer

and given its full of what we

can call the toxic assets, it's

within the taxpayers remit

until maturity of those until maturity of those assets,

I don't think it's a reason to

be cheerful, it's a question be cheerful, it's a question of

they are doing something with

this banking name. Stephen

Pope, thanks, we'll join you in

15 minutes when the GDP numbers

come out. Thank you. OK. To the

major movers on the local

market. Australia's second

largest miner Rio Tinto slid 5%

on falling commodity on falling commodity prices,

Commonwealth Bank had the

largest fall. Property

developers were victims, Mirvac

slumping 7%, AGL bucked the

trend flagging an equity

raising, on currency markets

the Australian dollar

stabilised after recent falls,

on commodity markets gold

remained steady, off recent

highs, falling oil prices

highs, falling oil prices in

New York stabilised awaiting

release of GDP figures in a

matter of minutes. The price

has been set for shares in the

oversubscribed Myer float.

$4.10 is at the lower end of a

company guidance, raising $2

billion, private equity owner

TPG decided to sell its entire

stake with Myer staff and the

family to hold over 9% of the

shares. Retail investors are

expected to make up half the

Myer registry. Australia's

largest stock market listing in

two years will open midday Monday. The Managing Director

of Toll Holdings is warning the

Australian economy might not be

as rosy as many think, Paul Little told the Little told the company's Annual General Meeting that

volumes are pigging up but pre-Christmas trade will be

critical, and Paul Little said

it's too earlier to think about

speeding up the withdrawal of a

Government stimulus Government stimulus package.

Neal Woolrich reports. The

transport and logistics transport and logistics firm

Toll Holdings is a barometer

for the Australian economy, its cautious outlook should have

experts taking note. Australia

could be a little bit flatter

than is common believed. And

Asia clearly is starting to

come off a low base, and show

encouraging signs. Paul Little

told the company's annual

meeting that volumes across its

business arise ing specially in

Asia. He warns the next 6 weeks

will be crucial in determining

whether Toll Holdings meets its

targets. Consumer demand is

strong, Paul Little believes the Australian Government

should resist accelerating the

withdrawal of its stimulus

programs. With the lead in to

Christmas now, and with our

involvement in Christmas

volumes being so crucial.

Consumer demand is something we

are watching carefully. Asia is

the company's main focus for

new acquisitions because its transport industry is

fragmented. Paul Little isn't

ruling out purchases in ruling out purchases in the

United States either despite

the pronounced economic slow

down there. We like, I guess,

softer economic situation

because it reduces prices

effectively of some of the

targets we are interested in,

and there's no question that

the current economic situation

has stimulated some

opportunities there with

companies that have got

themselves into debt trouble.

Any company which is too big,

you cannot control. Executive

pay was a hot topic at the 2008

meeting. However, this year's

remuneration report was passed

with almost 90% support, and no

discussion from the floor. We

have restructured our remuneration report

significantly, again taking on

board the flavour of the

comments that have been made,

and taking advice inpartially,

and I believe we have a policy

that ticks all the boxes and,

therefore, it was appropriate

that it be passed so

strongly. Those changes include

a freeze on all fixed pay for

the firms top 150 executives.

But after the meeting some

investors had their concerns,

in particular on Paul Little's

pay package, which would reach

$6.5 million if bonuses are

achieved. A million is enough.

If you have more than a

million, where you spend it

all. Nobody is worth more. I

think in all companies though, not just Toll executives get

paid too much. But with Toll's

share price 40% higher than the

same time last year, the vast

majority of shareholders are in a more forgiving mood. According to mood. According to the

Australian Industry Group,

Australia will experience a

severe skills shortage coming

out of the financial downturn,

a survey of 500 Chief

Executives revealed businesses

planned to slash 180,000 jobs

by mid next year, cutting the

intake of apprentices by

10%. Arguably the skill

shortage is one of the top two

or three major strategic issues

of Australia, it will have to

be up the top of the agenda.

Like, you know, it will be up there like climate

change. Heather Ridout says the

looming skills shortage will

set back major projects, particularly in Western Australia.

Documentary Documentary film-maker Michael Moore, the man Michael Moore, the man that

made 'Bowling for Columbine',

and 'Farenheit 9/11', has

turned his attention to

America's economic collapse in

a new film 'Capitalism: A Love

Story'. The film is, of course,

intig but. Here is a pre -

anything but. Here is a preview.

We are here to get the money

back for the American people.

I understand, sir, you can't

come in. Can you take the bag,

take it up, fill it up, I have

more bags, 10 billion won't

fit. Michael Moore joined me

from Michigan, a warning some

may find some of his language offensive. Michael Moore welcome to Lateline

Business. Thank you for having

me. You started working on this

film before the economy

collapsed, filming began in the

American spring of 2008. What

was the story you set out to

tell. Well, I wanted to - I

really wanted to tell a story really wanted to tell a story I

have been telling for 20 years

in all my movies, which is how

is it that the people at the

top who have the most money in

a democracy get to call all the

shots when it's supposed to be

we all are supposed to have

this equal say in things. It

just is always - I wondered just is always - I wondered why

it is, why the little guy

doesn't really have much say.

Considering it's a democracy.

So I set out to explore that

concept. I think we have always

believed that capitalism and

democracy go hand in hand with

each other, and I guess I began

to wonder, maybe, that's not

true. That actually they are

opposites because capitalism

benefits the few, not the many.

Whereas democracy is about the

many. You call capitalism a

system of legalised greed, is

the message you can fix it or

you have to replace it, if you

have to replace it, what do you

replace it W It's beyond

fixing, I think it's gotten so

bastardised to the point where

it will be impossible now to go

back to anything resembling

what seemed like maybe a good

idea. The old, old style of

capitalism or free capitalism or free enterprise.

I think that has gone. I think

the only way to deal with this

is essentially to eliminate it

and come up with a new economic

system that speaks to the 21st

century, and to quit having a

stupid debate of capitalism

versus socialism, 15 or 6th

century philosophy versus a

19th century philosophy. We 19th century philosophy. We are

in the 21st century, we need to

come up with something that

relates to what we are going

through now. I am not an

economist, but what I would ask

for is that whatever we come up

with have two basic things in

its foundation - No.1,

democracy, in other words we,

the people control the economy,

and No.2, a moral and ethical

core where no business decision

gets made without first asking

the question, "Is this for the

common good?" So how in

practice would that work? Two

things, I guess - you feature things, I guess - you feature a

number of businesses in your

movie where workers own the

business, is that practical in

an era of a global economy,

and, secondly, can you

unscramble the egg, can you

start again? You know 100 years

ago we had child labour,

10-year-olds, and 12-year-olds,

working in the factories, some

people say, "You know what,

this isn't something really to

reform this, is something to

get rid of", and people said,

"No, no, are you kidding, "No, no, are you kidding, how

can we do that, that would

totally screw up the whole

economy, because we depend on

kids working too alongside with adults". An entire global

economic system is a little

different, isn't it? It's a

system like slavery or child

labour, whereat certain points

in human history we - whereat

certain points in human history

we as humans make a moral

choice saying, "You know what

this is not good", it may be

good for the economy to have

slaves, because you don't pay

people, it probably helps the

bottom line a bit, but you know

what, it's wrong. Specifically

what does your system look

like, it's a system where the people control the economy ,

what does that look what does that look like? I

don't know. (Pause). Am I

supposed to know that. I can

tell you that cancer is bad.

Now, do I have a right to say

that without having to now give

you the cure for cancer. I

mean, it's enough to point out,

doing my job, as a documentary

film-maker that something here

is really, really wrong, and

it's really hurt millions of

people. That's my job. My hope

is that when people see my

films, that someone or someones out there, some people out

there are going to leave the

theatre and go, "You know what

we can do better we can come up

width something different,

because this isn't working", ss

not up to me to figure that

out. The fact that Robert rooub

when, Timothy Geithner, Larry

Summers, the fact that they are

all still there, does that mean

in your mind that Barack Obama

is no better than his

predecessors. I don't believe

that, are you kidding? The

predecessor, as you refer to

him, Mr Bush, he will go down

in history as the worst

President in the history of the

this country, and if we don't

pull ourselves out of the mess

that we are all globally this

right now, he will be seen as

the Nero who burnt Rome. That's

how this man will be

remembered. Barack Obama - this

is who he is. He's a guy

inheriting a huge mess, not one

mess, we are in two wars, we

have an economy that's

collapsed, we have 50 million

with no health care, I can go

on and on, he's supposed to fix

this. It's like, "Let's send

the black guy in to clean up

the mess", I love it when he

said that the other week. Don't

criticise me for holding them

up, you made the mess, I was

willing to come in and pick up

the mop, I'm trying to mop up

your mess now. So smut the

(beep) up. But I - so shut the

fuck up. I guess if it's going

to be successful in mopping up

the mess, why the need for the

people to rise up. What you

said. He as sum and Geithner

and Ruben there, in other

words, he may have hired the

wrong people. That's my take on

it, yoith it's because he's up

to badding - I don't think it's

because he's up to anything bad

or evil. He went to the last

guys around because Democrats

haven't been in power. Those

guys helped to make the mess.

Maybe the master plan is they

made the mess, I'm going to

make them help me mop it up,

throwing them a mop saying, "We

have to find out how to fix

this thing you guys helped to

break", There's a number of

scenes where you tried to get

into the headquarters of into the headquarters of the Goldman Goldman Sachs, Australian

Industry Group's, big financial

- AIG, the big financial

institutioning, but there's no

contact with the veil ages of

your story, did you try to make

contact with the CEOs of the

company beyond what we saw in

the movie. We put in requests

for months to talk to them. And

we were turned down

consistently over and over and

over again. I don't believe in

going to their homes, I don't

think that's right. They have

families, the families are not

the ones involved in this, so

generally that's not my way of

doing things, I went to where

they work. In the hopes that I

could talk to them. My feeling

has been because I have been

doing this for so many years,

one of these days, one of these

corporate chairman are going to

call my bluff and invite me

upstairs, and I was hoping

during this film one of these

guys would do that, you know,

who would be bold enough, like

Charlton Heston in 'Bowling for

Columbine', to say, "Yeah come

on in, I'll take you on, they

weren't as brave as motorcycles

was. When you talk about what

the system is that could

possibly replace the one possibly replace the one that

we have, do you see capitalism

and democracy as mutually

exclusive, because a number of

your critics made much of the

fact that the movie is

presented by Paramount Vantage

in association with the Wienstien company and Wienstien

was funded with a $490 million

placement advised by Goldman

Sachs, and Paramount Vantage is

owned by Viacom, where the former Bear Stearns

Alan Greenberg sits on the former Bear Stearns executive

board, that's capitalism and

democracy at work, you got your

money, made the film and were

free to bite the hand that

feeds you, and bite it very

hard. I have gone to them to

take their money from them to

make my movie in the hopes make my movie in the hopes that

the American people, and the

people in Australia and other

countries around the world will

create a system where these

large media companies don't own

and control as much as they own

and control. The irony there is

why would they give me the

money to do that. They do it

because I make them money,

because my films are so popular

and people will go to it, and

it makes them money, so they

think it's safe to let me say

these things because they know

they hope, at least they there

seen, that the people, the

masses will not rise up. masses will not rise up. Will

not do anything after they

leave the theatre, so it's OK

to put me out there because,

hey, we can make money off the

guy and he can say all he wants about wanting to bring the

system down, because nothing is

going to happen. The people

won't revolt. My hope is that

when people see this, they will

get involved in their

democracy, they will say,

"That's enough, I have had it",

and they will go and fight

these companies including these

media companies that gave me

the money for this film and

create a more fair and

Democratic system. So that's

the tug of war here. Isn't that

democracy and capitalism nicely

at work? No , this is

capitalism hoping that

democracy doesn't work.

Capitalism of the movie

companies, large media

companies are hoping that

democracy, people rising up and

getting involved in their

democracy to stop the Mon

oplies - they are hoping that

that doesn't happen and

capitalism will prevail because

democracy is the enemy of

capitalism. Michael Moore,

thanks for talking to Lateline

Business. Hey, thanks so much

for having me, I really

appreciate it. Well, those

American GDP numbers have been

released, we cross to London

with market strategist Stephen

Pope, did they come in as

expected? They came out better

than expected. The market was

thinking around 3.2, 3.3. Came

at 3.5. The calls for being

down in the 2s was incorrect.

We need to get into the numbers

and see what the components

are, but I think at first glance markets would react

favourable to that. And the favourable to that. And

dollar as well? I think so,

because there was a prevailing

trend that we would go into the

numbers along with the dollar,

you may get one or two profit

takers, generally speaking

you'll see a shift in the

chances that the fed would

move, it doesn't mean they'll

change rates quickly, there'll

be a change in the fed fund

future, it will have an impact

on the dollar. People may be on the dollar. People may

able to cash in a little more

quickly today and reassess as

we go through mid-afternoon. Stephen Pope

thanks for joining us and being patient and staying with

us. Thank you, always a

pleasure. Now a look at tomorrow's business tomorrow's business diary,

Macquarie Group unveils results

for the 6-months to September.

Origin gives a latest

production update.

Before we go, at look at

what is making news in the business sections of the

papers, Herald Sun - ANZ papers, Herald Sun - ANZ has

questioned the need for another

round of interest rate round of interest rate rises,

Australian Financial Review - Australian Financial Review

Federal Government is facing a

Senate logjam over plans to

split Se tree, Sydney Morning

Herald - looking at the profit

numbers. That's all for

tonight. As I leave you on the

back of those figures, the Dow

futures show an open up 24

points, 0.25 of 1%, FTSE up

nine points or 0.18 of 1%. nine points or 0.18 of 1%. I'm

Ali Moore, goodnight.

Closed Captions by CSI

BLUES GUITAR MUSIC # A man is a dog # He can't help it # Give him a chance # And you know that he'd take it and run # That's just the way that it's done # A man is a dog He can't fake it # A lord of the bone You howl and you moan # And get in the booze # And I'm singing the blues When the moon turns yellow # Once in a while # He slinks off under the gate And sniff around # And cock his leg He'll bury a bone of his own # And if he gets lucky # That's just his style and he'll take a mile # And give him an inch # And then some # Look out, here he comes # Rrrrrrrr! # Oh, bad dog, don't do that # Mmmmm, rrrrr! # Oh, don't do that, dog when the moon turns yellow # Once in a while # He slinks off under the gate # And cock his leg And sniff around # And if he gets lucky He'll bury a bone of his own # That's just his style # Give him an inch and he'll take a mile # And then some # Look out, here he comes. # (GROANS) Rrrrrr! CHEERING AND APPLAUSE BLUES GUITAR MUSIC # This is so lazy I'm grounded in my seat # I got children on the staircase # And the dogs beneath my feet # I'm up here from the southlands # Swaying in the breeze And it's 31 degrees # The mercury is rising the season when it's dry # Darling, we're now in # I'm up here from the southlands # And that's the reason why # I mingle at the markets # Sunset by the sea # I'm eating frozen mangoes # When it's 31 degrees # And I like it # Take me out to Humpty Doo, Johnny.