Corporate Marxism

XR stage die-in at Barclays Bank

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The Extinction Rebellion (XR) loonies need to be arrested and charged for willful business disruption to a Nottingham branch of Barclays Bank. While XR has claimed no business was affected and no property destroyed their supporters have no place being inside. It is like sitting in a popular restaurant and not ordering. It is an inconvenience. If CM was a bank, there would seem to be a huge amount of business to be done with legitimate businesses by standing up to these petulant fools.

Once again they prove that behaving like children is the hallmark of the movement. CM sincerely hope their grandchildren see these pictures and question their grandparents’ actions as deeply embarrassing. Do the XR crew honestly believe rational debate can take place when its followers behave like lemmings?

The group should be sent the bill for the wasted police resources and unnecessary court costs created by their civil disobedience.

2/3rds of Rugby Australia cash would disappear

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Rugby Australia’s (RA) CEO Raelene Castle says that the franchise can 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 would think is worth boasting. What she needs to focus on is the declining operating performance.

Hopefully, Chairman Clyne will get his CEO to focus on NZ Rugby (NZR) as a benchmark.

RA took in approximately A$30m in licensing and sponsorship last year. NZR raked in A$65m. More than double for a country with one-fifth the population. Think about it. The advertising base is smaller yet the sponsors must see the returns as superior to do so.

Total revenues for RA sum to around A$110m. NZR takes in A$182m in 2018.

Matchday revenue for RA reached A$20m last year. NZR collected A$28m.

Total assets for RA sum to A$69m. NZR total assets are A$183m. Total equity for RA is A$27m vs NZR at $99m.

Perhaps understanding why the Wallabies franchise saw a 20% fall in revenues in 2018 is a bigger issue. Expenses fell 15% mainly due to slashing Super Rugby team costs in half and player costs by 33%. Without that, the company would have sunk deep in the red.

RA needs to focus on growth not cut itself into oblivion. When it prioritizes its customer base rather than put precious resources into virtue signaling and diversity programs the board wouldn’t need to park 2/3rds of the cash to cover up their catastrophic lack of judgment.

Nonetheless good to know Castle sleeps easy at the thought of losing such magnitudes.

BoM strikes again

BoM

Jo Nova has an interesting piece which describes the shameless behaviour of our Bureau of Meteorology (BoM). She notes,

The Streaky Bay information (site 018079) tells us it opened in 1865 but the site only has monthly data from 1926 and daily data from an even shorter period. The rest presumably hasn’t been digitized yet. As best as I can tell, the station metadata appear to mark this site as being at the post office from 1865 to 2018, and record the ground cover as becoming asphalt in July 1987. That means for 31 years the Australian Bureau of Meteorology knew the site was sitting on hot bitumen and couldn’t be bothered to move it? The BOM gets more than a million dollars a day, and claims there’s a dire crisis running, and they don’t even care enough to measure climate change properly? They’re not even trying.

If you click on the Streaky Bay information site link above you’ll be directed to a “page not found.”

Jo Nova demands a Royal Commission (RC) into the BoM. CM agrees. If they have nothing to hide, there is nothing to fear. People might claim it is a waste of money to host a RC on the BoM but the savings of that investment would far outweigh the billions spent on poorly derived data-driven expenditure on renewables.

You’ll never guess how we can Save the Planet

Here is a credit card business model bound to fail. Johan Pihl, one of the founders of Doconomy, is launching a new credit card in collaboration with the UN Climate Change Secretariat and Mastercard. It cuts your ability to spend when you’ve hit your “carbon” limit, not your financial one. Now we will be able to stop our rampant plastic use with, you guessed it, plastic!  Although Doconomy claims the card will be made from bio-sourced material. Sadly the silicon chip will require high energy intensity to make. At least air pollution is good for something as it will be the main source of the ink.

Pihl said, “we realized that putting a limit that blocks your ability to complete the transaction is radical…but it’s the clearest way to illustrate the severity of the situation we’re in...Imagine if the consumer would pick up our app and actually look at their footprint and that’s the basis for whether they buy something or not,”

Perhaps we should ask all UN staffers to use it as their business credit card. If Doconomy lived up to its promises, most would have their carbon limit triggered when paying for flights to the next COP summit halfway around the globe. That would be a plus!

It uses the Åland Index to identify the CO2 of every transaction. CM encourages everyone to have a play with the carbon calculator.

For instance, if one spends 100 euro in a supermarket, the carbon footprint is almost the same as spending 100 euro in a department store. So regardless of whether one buys 100 euro of fruit or 100 euro of plastic-packaged flash-fried instant noodles, the impact of 4,902g of CO2 footprint is the same. Buy a 100 euro bottle of perfume or 100 euro of cuff links at a department store, the impact is still 4,293g. What you probably didn’t know is that smoking has a lower carbon footprint than buying groceries on a euro for euro basis. If smokers ever wanted an excuse to repeal these oppressively high taxes on tobacco, surely we should be getting Extinction Rebellion to add it to the list of demands because of the lower carbon footprint that can be achieved.

Whatever you do, don’t buy your loved one flowers! 100 euros of flowers has a 4,696g impact. That 200 euro Valentine’s dinner will add 15,928g. However, will the app calculate the 200 euro bottle of wine to celebrate an anniversary at 2x the 100 euro bottle? Yes it will.

If you do online gambling, 100 euro will cost 38,066g. You guessed it, if you spent 1,000 euro (exactly the same transaction time and keystrokes) it will cost 380,660g. Just shows how woefully inaccurate these carbon calculators are. To save the planet, instead of fuelling a gambling addiction,  you can cut your impact on the social fabric of society and save 90% by filling your car (118,600g of CO2) with 100 euro of fuel and enjoy a spiritual country drive to avoid regular attendance at Gamblers Anonymous.

Hotels – same thing. 100 euro on a hotel has 1/4 the emissions of a 400 euro hotel. Presumably if one is a master of Trivago or Hotels Combined website one can cut the emissions on exactly the same hotel room by the level of the discount. Who knew being environmental was so simple?

Doconomy states,

With DO, you get actual refunds from connected DO stores, based on the carbon impact of your purchase. We call it DO credits…The refunds can be used to compensate for the carbon footprint of your purchase. You can direct it to UN-certified carbon offset projects, or invest in sustainable funds. If you choose to invest in a fund, you must add the same amount as the value of your DO credit. You choose.”

Damn. How much will one have to spend to get enough DO credits to make an impact on a sustainable investment fund?

What a joke. As soon as the UN is involved in any such project we can absolutely guarantee the outcome will be a farce.

The evil plastic industry?

Sadly a post from a former competitor spoke of how no plastic is ‘guilt free’. CM simply replied “all plastic CM uses is 100% guilt free”. Worse, there was an absurd assertion that the plastic industry was going out of its way to keep polluting the world. Is it?

Basically she’s going to have to give everything up. Her credit cards are plastic. No doubt most of her car interior, toys and utensils for her young child contain a lot of plastic. Same for the toothbrush, iPhone,iPad, laptop, desktop and TV.

The article from The Intercept showed the reality of plastic. When the Chinese stopped recycling the world’s plastic waste in 2017 it only proved how far down the cost curve plastic has become.

Think about it. Plastic is one of the most versatile, practical, strong and flexible materials that can be produced at really low cost. The reason why China doesn’t recycle the world’s waste is that it’s not cost effective. If it was they’d still do it. The Chinese didn’t stop it because they felt pangs of “guilt”.

Speaking of guilt. No sooner had the virtue signaling at Coles & Woolworths supermarkets started, both launched plastic toy series to encourage kids to collect the full set.how many plastic bags in one mini shop or ooshie? While shopping the other day. A kindergarten was doing trip to the super market in hi-vis jackets. The store manager handed all the kids a plastic bag full of goodies. Great PR. Hopefully the teachers won’t confuse the kids while teaching the alphabet that plastic is evil and they must feel guilty.

In 2006 the UK Environment Agency did a study on the effectiveness of alternative packaging solutions to HDPE (conventional plastic bags) in terms of lowering environmental impact. It said,

The paper, LDPE, non-woven PP and cotton bags should be reused at least 3, 4, 11 and 131 times respectively to ensure that they have lower [impact] than conventional HDPE carrier bags that are not reused.”

So if conventional biodegradable plastic shopping bags are used to throw out garbage that means 6, 8, 22 and 262 days.

The plastic industry isn’t fighting to pollute the world. Laziness in its disposal is the problem.

60% of mismanaged plastic waste was from East Asia (i.e. China), 11% from South Asia; 9% from sub-Saharan Africa; 8% from MENA; 7% from LatAm; 3% from Europe and 0.9% from North America. Australia doesn’t even get a mention. Our impact is zero.

If all else fails, Canadian PM Justin Trudeau has the answers on plastic use.

Who’d a thunk?

Dr. Rex Fleming, a former National Oceanic and Atmospheric Administration (NOAA) atmospheric scientist has broken his silence on the cabal running the show. He has left the administration citing,

– data was manipulated inside NOAA by numerous individuals under the Obama era. They changed ocean data, atmospheric data. They wouldn’t own up to weather stations which would give inflated data to support their warming.

– the American Meteorological Society (AMS), the American Geophysical Union (AGU), and the American Association for the Advancement of Science (AAAS) refuse to publish scientific papers from scientists (including Fleming) it considers “deniers“. Fleming was forced to go to Europe to have the 2018 paper peer-reviewed and published. So much for seeking balance.

– CO2 has risen because of warm temperatures. Not the other way around. 420,000 years of zero correlation of CO2 leading temperature. Can’t all of a sudden claim correlation of C02 leading temperature. Therefore it can’t be a cause.

– He said many scientists within NOAA agree that this is the truth yet are afraid to speak out. He said many scientists risked being fired for speaking out against the orthodoxy. This is why many are speaking out when they leave NOAA.

– more scientists are making no effort shifting away from anthropogenic global warming theory (AGW)because they are “in this groove of getting funds for huge, bigger computer systems to run these massive climate models. And they want their salaries to increase. They don’t want to change.”

Where have we seen this before? James Cook University bullying Professor Peter Ridd for not towing the party line? To have them lose a court case against him and to then double down by telling the judge he is wrong and spending another $600,000+ on a retrial.

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Job opening: Activism & Impact Manager

Activism

This is actually a job. Ben & Jerry’s Ice Cream is hiring an ‘Activism and Impact Manager‘. Lucky for them, its parent Unilever is also a woke corporation. The job spec is simple:

Do you have at least three years’ experience working in campaigning within the NGO, charity or grassroots movement-building space? Have you got a passion for the idea that business can be used to drive positive change in the world? Do issues of social and environmental justice drive you to take action and are you able to persuade others to join you?

Values-led ice cream company Ben & Jerry’s is recruiting an Activism and Impact Manager to lead social and environmental justice campaigns in Australia and New Zealand with our team in Sydney.

CM guesses that milk shaking conservatives is a new thing of the left so there are some definite synergies to be had by “Ben & Jerrying” them. Hopefully, the Chief “Woke” Officer (CWO) can offset any losses to Unilever’s bottom line by encouraging activists to only use social and environmental just milk-based products from Ben & Jerry’s to ensure that the lost business from one side is made up through willful waste on the other.

When will businesses learn that telling their customers how to behave is not required? Yet another business to swipe from the list – Nike, Gillette, Ben & Jerry’s, Colgate, Starbucks…