Confidence

COP 25 Delegates by nation & aspirational virtue

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Carbon Brief has done an admirable job denoting how many delegates from each country are attending the COP25 boondoggle, sorry, climate conference. It notes,

“The country with the most delegates is, by some distance, Côte d’Ivoire with 348. The West African nation also brought the largest delegation to COP23 in Bonn in 2017 – with 492 participants – and the fourth largest to COP24 in Katowice in 2018, with 208.

Côte d’Ivoire’s delegation is more than 50 people larger than the second-placed country, which is the Democratic Republic of the Congo (DRC) with 293. The DRC also had the second-largest number of delegates at COP24 (with 237) and the third largest at COP23 (340).”

40.7% of delegates are from Africa. Similar to past years. Clearly, these COP summits create a fantastic opportunity to prey on the guilt of the West. As FNFM noted last year, the correlation with the number of delegates and the corruption index was significant.

India sent 35 to COP25 down from 182 at COP21. China sent 76, down from 326 respectively although it is more likely they sent investment bankers to see which African nation they can bribe to plunder their resources.

Australia has sent only 20 delegates but we should champion the fact that 65% of them were women. We even beat New Zealand’s 19 delegate field which only had 58% women. That should please those with Kiwi envy.

In what should rile the gender equality activists and Trump haters, the Paris Accord spurning Americans had higher proportional female representation than the EU or Norway. So much for capitalist pigs shunning socialist norms!

Syria had 100% female representation with the sole delegate. However the male patriarchy was perpetuated thanks to zero female representation from Pakistan, Yemen, Eritrea, Tajikistan, Turkmenistan, Mauritius and Libya.

Naturally nothing will come of COP25 until a grandiose statement to tackle the climate emergency (FNFM is surprised the Wollongong City Council hasn’t sent a team after the unanimous declaration to “adopt an aspirational emissions reduction target of zero emissions by 2030 for its own operations“) comes in the death throes of the last day when the most hot air is produced.

Fauxcahontas throws a gutter ball

Democrat presidential nominee Elizabeth Warren was asked at a town hall meeting at a bowling alley about her claims to be Native American. Here is the video of her reply.

Confirming what everyone already knew, Warren said,

I am not a person of color, I am not a citizen of a tribe, and I have apologized for confusion I’ve caused on tribal citizenship, tribal sovereignty, and for any harm that I’ve caused.

Confusion? Hijacking an identity for the sole purpose of advancing one’s career. Couldn’t be much clearer.

Talk about inauthenticity. To try to pin it on her parents for leading her to believe that identity. Imagine the presidential debates if she wins the nomination. Grab your popcorn.

Biden’s vote-winning strategy

Always a useful show of character when one has to use ad hominem attacks – weight, fitness, age and intelligence to defend a position against an 83-yo. And no, Trump is no saint when it comes to hurling insults. Although the difference between Trump & Biden is that the former is well known for that persona from his reality TV days whereas the latter is trying to deny his bitterness which extends to challenging an octagenarian to a push-up contest.

Yet none of it really matters. The most revealing sign of Joe Biden’s campaign is that Barack Obama, the man who called him the “best vice president America has ever had” and bestowed upon him a Presidential Medal of Freedom, has said absolutely nothing to support him in his presidential campaign. Tells us all we need to know.

But it gets worse. Rasmussen Reports noted, “59% of Democrats say it’s important for their party to choose a woman or person of colour as their presidential or vice-presidential nominee, including 26% who feel it’s Very Important.

Now that Harris is out and Elizabeth Warren is taking, what will they do if a cantankerous old jock gets the nomination?

Stanford whackademic suffers chronic TDS

One would think dropping US$70,000pa on an education at Stanford University would provide ample opportunities to be taught by the best of the best.

Sadly, Stanford law Professor Pamela Karlan suffers from acute Trump Derangement Syndrome (TDS). She used the impeachment hearings to make a glib joke about President Trump’s son, Barron. She said, “The Constitution says there can be no titles of nobility, so while the president can name his son Barron, he can’t make him a baron.” She later apologized.

She also mentioned that she was so repulsed by Trump that she had to cross the road when walking past his hotel. One would hope she could act her age.

Yet the Democrats think Karlan represents the best-in-class to be a key witness to testify against Trump?

CM has no issue with her donating to the party of her choice (DNC) but her partisan bias is so blinding that she only undermined her own credibility to act in such a juvenile way.

When Democrat Party presidential nominees talk of wiping out student debt CM now sees the method in the madness. If Karlan is thought of as a top drawer university professor, she only proved how worthless getting a tertiary education is. CM would also ask for his money back. Whackademia at its finest.

Rugby Australia chokes on its own incompetence

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After exchanging a politically correct, vomit-inducing and nose-bleedingly insincere prepared statement drafted by professional media consultants -not lost on anyone – the fact remains that Rugby Australia (RA) is the loser in the Israel Folau saga. We can forget the original source of the dismissal and the rights and wrongs of it. If RA thought it had a proper case, the legal fees (which it claimed were worth saving and settling out of court) would have been way less than the $10m payout he was demanding. So much for supporting the very communities the RA plasters all over its website.

The outcome was the result of management incompetence in thinking that appearing woke trumped legal due process. In full knowledge that Folau had a $1.6mn war chest (courtesy of Christians, free speech advocates and rugby fans alike) to take up the case against his former employer, the board was forced to buckle and issue an apology to the former rugby star, which would never have been necessary if it had a smidgen of judgment in the beginning.

RA CEO Raelene Castle can laugh off “wildly inaccurate” speculation on the $8mn rumoured settlement but the fact is the board knows the exact amount. Israel and Maria Folau wouldn’t have been grinning like Cheshire cats were he to have signed away for less than his rescinded contract. It will be fascinating to see the composition of the 2019/20 reported figures that will be published in due course. Expect some accounting trickery to fudge it into the numbers.

Castle said a few months back that the franchise could weather paying out Izzy Folau’s $10m claim. Although CM is not sure that paying out $10m + costs – which would wipe out almost 2/3rds of the $18mn in cash on the balance sheet – is something a CEO should think is worth boasting about. What she has long needed to focus on is arresting the declining operating performance. Yet she stated emphatically that the RA won’t have to make changes to the budget. Maybe her lawyers pieced together a multi-year drawdown of the sum to be paid to smooth out the ultimate impact. 

The RA franchise is the laughing stock of the rugby world. So transparent is the lack of accountability, woeful internal coordination and deteriorating financial results that it requires nothing more than a drastic overhaul if the entity is to thrive.

Former coach Michael Cheika let loose that it was no secret he had no relationship with the CEO and a very poor one with Chairman Cameron Clyne. This coming from the very individual running by far the biggest RA franchise. Despite possessing by far the worst performance record of any Wallabies coach, management persevered with a man who didn’t have a leg to stand on but cast aspersions on the executive team.

Therein lies the problem. RA can push all of the woke causes (e.g. LGBTQI+, gender equality) it likes, but if the ultimate end customer derives no value from it, it is a fruitless exercise which can’t escape the scrutiny of the free market come time to pay bills.

Castle may believe that this was a commercial decision for the sake of providing certainty. Had she done the right thing from the start she could have avoided getting embroiled in a scandal that has exposed the poor governance within.

Isn’t it odd that the LGBT activists are now attacking the very institution that set out to promote them – RA. CM has never thought much of his tweets but the reaction to them has been so over the top. The faux outrage mob finds oppression in everything.

Castle should resign and if she won’t the board should fire her despite her defiance against the bleeding obvious – she is in over her head. Fans won’t return with the status quo.

Get woke, go broke.

ScoMo does Westpac a favour via first home buyer scheme

What a joke our government is. Whack Westpac over the head again because it has been a “very naughty boy” by banning it from the government’s first home buyer deposit scheme. While it might look good in front of voters to bash a bank, what they don’t realize is Westpac actually wins.

Westpac should count it’s blessings. Honestly. Piling first home buyers in at the top of the property bubble is hardly the best scheme for prudent risk management. Given the banks haven’t been granted the ability to properly risk adjust for these buyers, it works in Westpac’s favour to be booted from this ridiculous plan.

Here is the deal. Although ‘owning’ one’s own home has always been part of the Game of Life in Australia, at what point will our law makers look to failure in policy as a reason kids can’t join the property ladder instead of trying to grant their wish and saddle them with negative equity right around the corner? Perhaps address productivity, tax reform and unnecessary red tape as opposed to bash a bank, tighten the regulatory noose and eject them from the sandpit by subsidizing a future car wreck.

In reality the scope of business Westpac may have made from this scheme is likely to be so small it would be a rounding error to the group. Yet more virtue signaling from our political class. Utter. Waste. Of. Time.

Lazy Journalism 101

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News reports, “Australians are becoming increasing worried about climate, with their concern on the issue doubling since 2018…Researchers for the latest Mapping Social Cohesion Report asked Australians to name their biggest concern off the top of their heads, with 19 per cent saying climate change.”

From the Mapping Social Cohesion report of 2017, “Environmental issues have declined from a peak of 18% in 2011 to 7% in 2017, close to the level of the previous
four years.

So essentially the above search took CM less than a minute. Effectively depending on the start point, we are near as makes no difference the same as we were in 2011 in our views on climate change. If the media outlet wanted CM to do their sensationalism for them they technically could have run a “near trebling from 2017” headline.

Typical media clickbait but we’ve proved they aren’t even any good at it. Hopeless alarmists.