America

When feminism goes too far

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Any “person” who is rightfully comvicted of sexual assault should have the book thrown at them with full force. No arguments. However when Teen Vogue journalist and feminist Emily Lindin wrote that there is no problem throwing innocent men out of jobs and destroying their lives through false allegations that takes some beating. Indeed CM warned that the #METOO campaign might indeed turn into a witch hunt ruining the futures of innocent men forced to defend themselves.

Lindin justified her stance by saying “First, false allegations VERY rarely happen, so even bringing it up borders on a derailment tactic. It’s a microscopic risk in comparison to the issue at hand (worldwide, systemic oppression of half the population),

The benefit of all of us getting to finally tell the truth + the impact on victims FAR outweigh the loss of any one man’s reputation…If some innocent men’s reputations have to take a hit in the process of undoing the patriarchy, that is a price I am absolutely willing to pay.

Indeed “what” price are you actually paying Emily when it is those innocent men who will actually pay it on your behalf? That’s right she is paying zero. In the process perhaps the innocent man ( and sole breadwinner) who is jailed for sexual assault loses the family house, wife and 3 daughters. That’s right Ms Lindin, you’ve scored 4 own goals in the process.

Perhaps Lindin could have written that she will visit these innocent men and thank them personally for doing jail time all the while she celebrates her feminist buddies committing perjury.

Any person that willingly makes a false allegation should equally have the book thrown at them. Indeed perhaps she should read up on sexual violence committed against men (hugely underreported) but that would run against her loony narrative.

We should be glad she has said this though. Free speech is wonderful in that she expresses such a stupid position that the exposure to sunlight becomes the best disinfectant. Way to go Emily. May more people like you expose how stupid victimhood becomes when you go actively searching for it. To that end there can be no doubt you’ve never been a true victim of sexual assault to say something so preposterous. No real victim of such a crime would ever back what you wrote. After all why would any innocent person who had that stolen from them want anyone else to experience what they did?

Kathy Griffin’s most hilarious black humour yet because the truth really hurts

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Kathy Griffin has made a video pleading for networks to put her on shows and value her two Emmys. It is perhaps the funniest thing she’s ever done in comedy given she is being serious about how inhumanely the system that she’s made $20mn out of is now treating her – blacklisted as she calls it. Watch her go through the routines of how she is a woman and deserves to be paid as much as men if she gets another go. She should consider herself lucky to get a 30 second snippet on an unknown local network for free such is her poor form and complete lack of understanding of why no one will touch her because networks know audiences won’t bother watching and no advertisers will back her. Perhaps she needn’t have abused Aussie breakfast TV hosts with “you’re full of crap”. She openly admitted she showed no remorse for what she did yet now begs for forgiveness because her brand of apology is unaccepted by the main. Pass me the Kleenex.

EU pushes for 40% female representation on company boards

The EU in its infinite wisdom said that it wishes to mandate that company boards achieve a quota of 40% women. Even Germany considers this an overreach (even though its own goal by 2018 is 30%). This EU’s socialist charter to push for affirmative action was challenged in 1981 by Dr Thomas Sowell who completely debunked the myths put forward about the gender pay gap, discrimination and other stereotypes of minimum wage and income inequality. It is truly worth watching the 50 minutes or so of Sowell dispose of lawyer Mrs Pilpell whose weak liberal agenda gets ripped to shreds because is based on a lack of understanding and being loose with facts.

Don’t mistake the position of CM. If based on merit then have 100% female boards should they outqualify men. So assume that boards hit 40% women then what next? Should we hire a minimum percentage of LGBT, minorities, religious groups or disabled people to run companies? Since when should gender, sexual orientation, race, religion or disability be a bigger factor than capability  in running company boards? Shareholders expect one thing – returns. The Sydney Morning Herald wrote a puff piece on those boards without women on them underperforming. CM proved the hypothesis false.

CM wrote with respect to the SMH’s false assertion, “Note that the twenty companies listed in the article have the following 1yr and 3yr relative performance (i.e. vs. ASX 200). Note on an unweighted average over these 1 & 3 year periods, these chauvinistic men’s clubs outperformed the broader index by 22.7% and 89.9% respectively.”

Once again, gender ought to have nothing to do with it. Every ambitious, hard working female that has become truly successful in a man’s world never complained at any disadvantages they may or may not have had. They never played the woman card and I absolutely admire them to this day. One is a mentor some 18 years after we first met. So shouldn’t it be an insult to industrious women like her to see less hungry females given unfair advantages that weren’t earned through individual merit and effort like she had to endure to get there?

Yet such diversity programs designed to remove inherent biases in the system actually create the very discrimination it is designed to stop. All that matters is diversity of thought and if that happens to be women that provide that wisdom sign me up as a shareholder of every corporation that does so on merit. Listen to Dr Sowell – it is truly intelligent stuff. Poor Mrs Pilpell.

Tesla Semi to haul new scrip or incomplete Model 3s?

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Elon Musk is rallying the call on his new truck which he is presenting this evening, albeit delayed from the initial Oct 26 launch.  He tweeted, “Tesla Semi Truck unveil to be webcast live on Thursday at 8pm! This will blow your mind clear out of your skull and into an alternate dimension. Just need to find my portal gun …”  If Elon Musk said that Tesla was superseding lead balloons with Li-ion his devout followers would fall for it as a logical progression with cumulus and nimbus charging stations providing endless power top ups. He is the ultimate salesman. One can only imagine the Tesla Semi will haul (in reality) incompleted Model 3s to double up on the promo!

It is hard not to see it as a distraction to tee up the next capital raising by revving up the share price to minimise dilution. Of course we must give full credit to Musk for his ability to rev up excitement among his faithful followers. He can do no wrong in their eyes. Spend 5 minutes on a Tesla owners forum and they are all gushing at their purchase and quick to virtue signal even when seeking help for trouble shooting whether it be a wayward navigation system or quality defects. They are followers of the Tesla cult and see their leader cando no wrong.

Still the truck is fraught with risks as we wrote at the end of last month. First, truck regulations are extremely tough. Even in America, crossing state lines has legal ramifications. While there are overall weight restrictions, there are also weight restrictions over each axle (defer to the DoT’s schematic below). So even if Musk talks of driverless vehicles (a USP for sure), a battery laden truck will likely be heavier than its diesel cousin. Higher rig weight means the less that can be hauled. Think of the Tesla 100D which weighs in at 2,250kg some 22% heavier than a fully loaded M550ix BMW.

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Also truck haulage companies are hugely conservative. Risking the switch to EV trucks could put them out of business. If it takes 30 minutes to “fast charge” a Tesla car how long will it take to charge a stack likely to be at least 10 times larger (300 minutes?) in mass if it’s to have any chance of hauling 35 tonnes any sensible distance.

For the 2018 model series of the major Class 8 truck makers, most have achieved an extra 8% fuel economy gains for on highway performance to around 5.5mpg. Tyre pressure monitoring and new slipstreaming bodies also assist in the fuel savings. With a 150 gallon tank option, a driver can in theory do 1,300km. Battery-powered semi-tractors may be useful in low-speed, short-haul duty cycles, but long-haul makes little sense because of the batteries bulk, weight and expense.

The battery pack in a Tesla Model S passenger car weighs in at around 600kg. The diesel engine in a Freightliner Cascade Class-8 truck weighs around 1.2 tonnes. So if we assume that the basic Tesla Semi package (ex powertrain), is more or less the same as the Cascade will two sets of Tesla 85D battery packs suffice to give similar range? As we mentioned earlier, in order to give a similar 400km range in a truck having to haul 30+ tonnes it is easy to imagine battery packs being at least 10x the amount needed for an 85D car. So 6 tonnes of batteries replacing a 1.5 tonne engine transmission combination. That would mean 4.5 tonnes less carrying capacity for a start and even then can it be properly distributed over the axles to meet road regulations? Like the chap above, the average truckie probably cares about the environment as much as his waistline.

Tonight’s truck is only having to move around 10 miles to its event. I’m sure the list of its capabilities will be an envious list “on paper” of its potential. Sadly to CM it looks like a distraction for its struggling Model 3 production woes by selling a future that has many questions about commerciality. Cars are personal modes of transport. Trucks are a business. Trucking companies are hugely conservative and won’t risk replacing an entire fleet until it’s completed rigorous field tests. Yes Class 8 truck sales may have nearly tripled in the last month to over 35,000 units but the series is highly volatile. In the auto world Tesla is playing in a local pond of 17mn vehicles. In trucks that is more a 250-400,000 market. Unless Tesla can promise huge market share gains in a field it has little or no experience  (even though his Tesla Semi Guy was a former Freightliner Cascade head developer) in reaching any economies of scale and reaching out to 1000s of haulage companies will be a stretch.

However spectacular the Tesla Semi lunch will be expect the share price to be pumped on the news don’t be surprised if an equity capital raising is towed behind it. Remember that farside cartoon of Ralph Harrison, king of salespeople, standing on a boat waving to eskimos that he’s just sold refrigerators to? That is Musk. A magician who runs on the smell of an oily rag. Looking forward to seeing if the fanfare proves right.

And so the Hollywood witch hunts come forth

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As CM wrote at the time of #metoo the saddest part to emerge from this campaign will be the risk of witch hunts where potentially innocent people are forced to defend against things that may not have actually happened. As Jeremy Piven points out in the quote above – careers and reputations can be destroyed with impunity even if allegations are proven false. Whether it is Kevin Spacey or the sanctimonious George Takei, so much Hollywood dirt is surfacing and within it there will be ambulance chasers looking for a quick out of court settlement to make the problem disappear.

Real sexual assault is a major issue that should be dealt with. Shame on anyone that looks to take advantage of a serious problem to enrich themselves at the expense of someone who is innocent. That is almost as sick as committing the crime itself. Sure every proven case of sexual assault should be prosecuted to the extent of the law yet so should perjury by the ambulance chasers.

Forbidden fruit(cake) in the Fordbidden City

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Sun Tzu once said, “All men can see the tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved.”

Let us not mistake China for one second. China is the master of the long game. It knows Trump has a maximum of 8 years in power. Letting him dine in the Forbidden City, the first ever foreign head of state to do so, speaks volumes of respecting an unpredictable foe. Xi Jinping knows his adversary is not all about bark. Better to cater to his huge ego and make him feel he has their attention (which he does) and get him to work solutions in their favour now it is clear they do not have carte blanche to use the USA as a door mat as they did with the previous administration.

Recall Obama’s final state visit to China. Air Force One was met with no senior officials, no red carpet and no stairs. Obama had to climb down Air Force One’s emergency exit . No more telling display of complete lack of respect to the leader of the most powerful nation.

China built man made islands in contested regional waters and did so knowing it had a maximum of 8 years to extend its future power base. Even Australia was dim witted enough to lease a port to the Chinese. Yet it was done with military precision when it knew it could.

Now China realises that Trump is not kidding over North Korea and is doing his darnedest to get China to commit to removing the snake head or otherwise America will do it for China. China, as CM has written many times before does not want to lose the strategic buffer North Korea provides from pro-US countries. China knows it could turn the lights out (China is responsible for 80%+ of imports & exports to the hermit kingdom) on Pyongyang in a heartbeat. Yet as a priority it has not been toward the top of the list.

The flip side to China taking care of the North Korean solution could mean that the US gives it certain concessions elsewhere. Foreign policy is very often about ‘optics’. China taking care of North Korea would be seen as preferable to the world than an attack by the US. China wins only if China takes care of it by itself. America wins in either scenario. China knows it is vastly militarily inferior to this US so the idea that China rushes to defend North Korea is more bark than promise to bite.

So view the idea of allowing the forbidden fruitcake (a sop to the liberal media) to dine in the most treasured of places in China as none other than the ultimate display of respect that Trump has the upper hand (which he does) but at the same time allow China to extend the ‘timing’ of any action on dealing with the ‘Rocket Man’ to give maximum optic effect for Xi. Yes, Xi Jinping and Donald Trump must have been summoning The Untouchables – “keep your friends close, keep your enemies closer” (Xi) vs “in my neighborhood they said you can get much further with a kind word and a gun than just a kind word!” (Trump).

The press might want to critique the President’s skill with chopsticks but they should focus on the fact that China put its most expensive national crockery on display to bring Trump over to their side in negotiations over regional problems. To that end call him a fruitcake all you like but this is a win-win for both supposed tyrants.

Trump thumped in Virginia

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The Republicans were thumped in the Virginia gubernatorial. The above map shows the VA result by county and the bottom the Nov 2016 turnout. 10% more Democrats turned out than Republicansthis time. While the result is not unprecedented for a first year sitting  President to lose a state like this it does point out that their fearless leader Trump is not untouchable and no vote is guaranteed no matter how much liberals whinge, social media or mainstream media whips up supposedly ‘fake news’! Indeed there is a point were languishing polling translates to reality and Trump can’t conceivably expect his charisma to carry any day. The people want results. Hillary treated the election like a coronation. Trump should be wary to think his fans will blindly follow him.

One point Contrarian Marketplace has made constantly is that ‘individual votes’ matter. Nothing is guaranteed and for all of the anger pointed at Trump’s win CM has said that the best thing to come from this president is don’t fall for a supposed divine franchise. If you don’t show you may get the opposite result. VA was a massive flip in seats – 14 – the highest switch from GOP to Democrat in 118 years. Indeed the masses can stew over the laziness of their own side or come to admit that his way of ruling is not carrying everyone along for the ride. It is early days but 2018 looks like it maybe far tougher if the Republican voters don’t get off their backsides and go to the polling booths or talk sense to their fearless leader. Like the cult of Musk, Trump must come to terms that Making America Great Again when in the top job requires results not rhetoric.

No fake news here. Just bad news for the GOP. #WakeAmericaUpAgain