Confidence

Gutter press or smutter press?

4126EE64-F3C8-4099-B570-AA0F691676A4.jpeg

Gutter press. No other word for it. One would expect better from The NY Times. Still why not make a baseless claim for the heck of it should it help paint a narrative? Indeed the Stormy Daniels $130,000 shut-up money story would have legs if she produced the ‘deposit slip’ and the contract which any media outlet would  pay “any price” to insure against any litigation for her breach of it.

Think of the $100s of millions media outlets have spent on tying to take the President down. Whether Russiagate which CNN’s own Van Jones called a “nothing burger” for ratings or MSNBC’’s Rachel Maddow who made that  embarrassing “we got his tax returns!” gaffe. Every celebrity event (Grammy’s, Oscars or Golden Globes) has become more about blasting Trump than blowing wind up the back sides of their own Hollywood hypocrites who blatantly turned a blind eye to all of the sexual misconduct that has gone on for decades in their own industry. Where is the outrage over that? Even career feminist Germaine Greer said that if one opened their legs for a movie role they “consented”.

Indeed if Trump frolicked with Stormy Daniels it appears it was consensual on the basis of the rumours. It is not condoning it but look at all the petty behaviour of Clinton post the election still crying to her elitist buddies in sympathy for losing to a man, who less than a week after the grab p*ssygate scandal, stared down the barrel of a camera to 100s of millions of viewers in the second debate to say “no one respects women more than I do” If indeed it was an election issue, voters overlooked it to boot the establishment. Case closed

Still the one-eyed NY Times has to make baseless read acrosses on Melania’s actions being about her acting in a huff over her husband’s supposed infidelity. Make no mistake had she cheated on her husband the mainstream media would celebrate it and chalk it down for a win for their side. They’d get panels of feminists talking about how his behaviour brought it on and how he deserved it for being a chauvinist pig.

However we shouldn’t point fingers at just the NYT.

Last week The Guardian wrote of Melania Trump: “Seldom seen and even more seldom heard, the former model may not be as popular as her predecessor Michelle Obama, but she is far more popular than her husband. Unfortunately for his Republican administration, she seems to have little interest in using that popularity to do anything of substance with the post.

Well had Tbe Guardian bothered to check, the left has made it clear of how they see her in the public eye. When she went to donate Dr Seuss books for children’s education, the recipient librarian at Cambridgeport School refused to accept the gift, criticizing the Trump administration’s education policies further writing that Seuss’s illustrations are “steeped in racist propaganda, caricatures, and harmful stereotypes,” Never did I know as a child that reading about the Cat in a Hat was some conspiracy by my parents to turn me into a hateful bigot. Now it’s all so clear!

The Daily Mail had to settle a $2.9mn lawsuit and issue a full public apology for libel against the First Lady for suggesting she gave more than “modeling services.” What awful slander! Could it be that the press is hardly lining up to champion anything she might host which is of social good? Is trying to be a good mother by not dislocating her son’s education in the early days a crime?

All the jokes from the left thanking immigrants for marrying Trump because Americans wouldn’t do it flies in the face of the very stereotypes they get so easily triggered over. Indeed the racist president married a Slav. Never mind the contradiction.

While the press can speculate over what FLOTUS might be thinking perhaps they should give her advice on the ways they wish her to behave. Should we anticipate Melania Trump’s hashtags on social media championing flaccid and impotent US foreign policy to terrorist groups like Michelle Obama? Mrs Obama is indeed a highly educated person but that doesn’t automatically exclude Mrs Trump from serving the office gracefully and proudly. The Trumps are a power couple

Yes, her husband leaves much to be desired in the manner in which he serves his country. However the scoreboard suggests many of the things he is doing are working. Such is the bias in the press about how world leaders hate him, CBS painfully admitted almost everyone of them lined up for a selfie with POTUS at Davos.

If we look at the last State of the Union address he blew the left out of the water. Even Van Jones admitted he’s going to do 8 years with talk like that. Now he has far more achievements to crow about. So yes, Melania will be there looking a million bucks and her face will speak of how she feels about Stormy Daniels. Storm in a teacup mode like it.

Unconscious bias vs conscious bias

A156C441-ED7E-489C-9523-5B7EBF41C3AF.jpeg

An interesting chat this week with a senior manager of a global corporation. He is recruiting but was told by his HR department that there is a risk he might have ‘unconscious bias.’ In order to mitigate those fears HR blanks out anything it deems might trigger it. Think of wartime correspondence from the front line to families  at home.

Unsurprisingly he takes such things as a slight on his own character. That despite two decades of loyal service the company all of a sudden deems his judgement (which til then was never called into question) as something to regulate.

The irony of modern HR departments is that they seem to go out of their way to find out every detail on gender, race, religion and disability during the application process in order to enforce their own ‘conscious bias’.

The Australian Defence Forces are also being bullied into conscious bias. As CM wrote several months back,

“Recruiters at the ADF have been told they must hire women or face relocation if they don’t comply. The recruiters say there are no jobs available for men in the in the infantry as a rifleman or artilleryman. But these positions are marked as ‘recruit immediately’ if a female applies. If a 50kg woman is in the artillery a 43.2kg M-107 shell is over 80% of her weight. An 80kg man would be lifting the same shells at around half of his weight. This is basic physics….The West Australian newspaper reported one recruiter who said, “This is political correctness gone mad. I don’t care if it is a man or a woman – I just want to get the best person for the job.”

Perhaps the revealing thing for corporates is more simple. If they don’t think they can trust their employees to act ethically and responsibly during the hiring process then why do they keep such reprobates on the payroll? Surely they show unconscious bias to their colleagues and clients. Maybe HR departments can use their own mastery of conscious bias to weed them out.

Welcome to socialist recruitment gone mad.

Never, never give up

8E846A58-1C0F-4570-A13D-B788C53D1A11.jpeg

Probably one of the best matches in junior cricket.  Australia vs England in the U-19 ICC Cricket World Cup quarter final. When I woke up Australia was 7-88 and looking totally lost at sea. 128 looked a pretty easy target given the Aussie batsmen threw so many wickets away.

The Poms started the run chase well, reaching 50 in short order. It looked like a formality that they were going through to the semi finals. Then a ginger haired leg spinner named Lloyd Pope drew first blood. The next batsmen was hyped by the commentators on his form through the tournament. Out first ball. The fear was in the faces of the English squad in the stands. Then Pope took another in the next over. And another. All of a sudden the tide has turned. The English were 8-88 before they knew it.

From the offset the English sort of convinced themselves that they couldn’t lose to such a tiny run chase. However Pope totally changed the setting. Helped by some excellent catching and fielding it was so obvious the Poms were hoping his spell would end to finish the slaughter. In his final over Pope rolled the rest with two balls to spare. 8-35.

Deserved man of the match. A fantastic lesson in salvaging a seemingly hopeless situation. Highlights here. Never never give up.

Girther movement outweighs 38bn Apples adding to his bottom line

F2A19F0E-61C9-4550-9591-BF649ECBD24F.jpeg

Oh how the liberal feeds have lit up about Trump’s health diagnosis. The girther movement. No noise about Apple’s 22,000 new jobs plan and repatriation of $38 billion of oveseas cash to hand to the US Treasury. Virtue signaling works both ways. Just like the tax cuts had corporations promoting that they were rolling out their $1,000 bonuses for 200,000 staff etc one after another expect a conga line of tax dollars rolling into the coffers.

That’s right, US corporates will be eager to show their good citizenship status to get great publicity for doing so. Don’t wanna miss that train. Not even billions of advertising dollars would get the same reach. None of it would have happened without tax incentives to do it. What shareholder wants his/her company fritting away tax dollars to the tax man if it can be avoided? Yet the liberal media will whine about Trump pandering to evil corporates. Well evil corporates have even more sinister tax accountants who find “legal” loopholes. This time paying tax has strangely positive outcomes. Obama could have done it but he was too busy doubling debt and the numbers on food stamps!

Apple will certainly not be the last company to do it. Still better to focus on a septuagenerian’s waistline than the country’s bottom line. In typical liberal logic fashion they should be encouraging his poor dietary habits to hopefully force a medical issue  which sees him out of office earlier. Roll on the 8 year term…

NB Estimates Show 70% of Americans have less than $1,000 in savings. A $1,000 bonus is not trivial in the slightest. For so many Americans that have been destitute since Lehman Brothers folded, don’t underestimate the power of improved economic fortunes to push partisan politics to the back of the bus. Why would people seek risking their wallets thinning just so they can feel morally good about themselves on Facebook?

Where money talks

24E97E01-3704-4287-BE4B-4C9580D7A441.jpeg

If there was one thing that could be transplanted into Japanese business culture it would be the Chinese practice of “there is a price for everything”. So often do we see sensible deals slip thru the cracks involving  Japanese corporates based on petty rigidities which serve no other purpose but to scuttle their own long term fortunes. Just 6 hours in HK and already it smells of business opportunity. Clear skies too.

4 charts Dems should pay attention to before censuring Trump’s State of the Union address

BE3EF059-50B3-491E-9E86-A62DD361D306.jpeg

While these four Democratic reps plan to skip the SOTU address one can pretty much take it to the bank that they’ll be the first to hurl abuse at the contents of it. As Robert Gottliebsen wrote today,

No American President in recent US history has so dramatically improved the American economy boosting pay rates, job numbers, retail sales, business investment, profits and, of course, the share market. It’s an astounding transformation that will create a tidal wave of repercussions around the world…Conversely no President in recent US history has been more politically incorrect and insensitive in his use of language. And in most media outlets this aspect of his administration completely overshadows the economic achievements.

They might also note that black, Hispanic and Asian unemployment rates have never been this low in history. It is the Whites who should be up in arms at this supposed racist president who is making them live in a relative unemployment ‘sh*thole’.

US White Unemployment Rate

9A00A989-4C24-49C8-88B1-849E965CE50D

US Asian Unemployment Rate

E3916C9F-5531-4E47-BD95-8421572C920F

US Black/African-American Unemployment rate

635B6238-7306-4C67-9C0F-E75EA62B1A5E

US Hispanic/Latino Unemployment Rate

065952D1-40E9-4672-B8AB-73B4D342AB46

34B90701-7CBB-4776-9068-1E5AE9742DCB.jpeg

Why buy a Rolls-Royce without a Rimowa??

764137F2-C48C-469D-9FB0-6A3F5848ABF6.jpeg

I guess even the some of well heeled are strapped for cash. Surely the pomp of being able to buy a Rolls-Royce is the theatrics of handing the dealer a Rimowa briefcase stuffed with crisp bank notes. The RR offer is a combination of a $10,000 special buyers support and 0.99% financing. Maybe RR realizes that its customers are probably punting bitcoin so need the extra leverage a 0.99% loan provides?

In the old days as an industrials analyst, I used to cover a stock called Ferretti which made ridiculously large motor yachts where the average price was $15 million +. When Asking the company how the tech-wreck internet bubble collapse would impact sales they responded “our customers do not experience recessions”. One wonders if RR are requiring discounted financing to shift product that costs as much as a house that perhaps their customers “do experience recessions