#ethics

11yo experts

Pity the poor brainwashed little 11yo girl in the video (from the 1 minute mark) talking about saving the planet her parent’s generation have supposedly trashed. She demands zero carbon emissions by 2030.

She implores all climate activists to go beyond global warming and fight for gun control, LGBTQ+ rights and even rally so her teachers can receive a living wage. Surely she worked all these issues out for herself? Who are we to question that she knows more than the adults?

You’ll never guess which trash she wants to remove in November 2020.

Children should not be exploited like this. Why should teachers and parents rob kids of their innocence at such tender years? It is shameless to use them as human shields to push political agendas. Then we wonder why we have a mental health crisis.

Ouch

Pictures tell a thousand words. The circles to the left are quite cutting.

WeWorked

WeWork Financials.jpg(770×481)

WeWork has delayed the IPO. According to Zerohedge, the initial appraisal value of $47 billion appears to be entering the realm of $10 billion. This has ‘canary in the coalmine‘ written all over it. The kaleidoscope of razzle-dazzle in the free money world looks to have stopped spinning.

The company looks toxic. Most people point fingers at the co-founder Adam Neumann,  who, according to WSJ,  reportedly sold $700 million in a mixed debt and equity transaction. CM may be a contrarian, but even he sees the pre-IPO sale as somewhat suspicious. Selling part of your stock as part of an IPO is one thing. Doing it prior doesn’t pass the pub test.

How can IWG plc (better known as Regus) make profits (albeit sideways) with the same concept? 2018 IWG revenue and profit after tax increased 51% over 2014 levels. Revenue increased 13.5% since 2016, but post-tax profit slumped 24%.

WeWork seems like the Tesla of the office space world. Huge promises but the numbers are struggling to stack up. Maybe WeWPresumably, due to a combination of intensifying shared office competition, start-ups spoilt for choice or simply failing to grow.ork should leap into insurance as a way to generate cash flow like Tesla has started to do?

Event manager compliance declarations?

One has to wonder about how strict corporates are in ensuring event staff declare perks of the job for compliance. We all know it happens. How is it the travel manager inside companies always has the best tan and looks the healthiest? She is only exploring potential offsite venues naturally. All part of the job…

At least the Raddison is being open about bribing potential event managers with kickback shopping vouchers if they spend even more shareholder funds than necessary.

Icelandic double standards on LGBT

Well done Iceland. How woke to stoop to childish antics and show open disrespect to the deputy leader of the most powerful nation in the world. Do the Icelandic president and corporations honestly believe that trolling Mike Pence (regardless of his personal beliefs) with rainbow flags and bracelets will somehow make him change his views or persuade those that support him to abandon him? So the way to show the moral high ground is to seek to diplomatically humiliate.

Here is betting that the Icelandic leadership and business community don’t fly the rainbow flag when dignitaries from Pakistan, Guyana, Saudi Arabia, Iran, Myanmar, Brunei, Malaysia, Indonesia, Sri Lanka or Egypt visit, a small selection of countries that criminalize LGBT activity, unlike the US. Of course, Iceland has received glowing accolades for the stunt on Twitter which probably speaks volumes of credibility. This is what cowardice looks like.

Human Dignity Trust lists the following stats with respect to the criminalisation of LGBT people.

72 jurisdictions criminalise private, consensual, same-sex sexual activity. The majority of these jurisdictions explicitly criminalise sex between men via ‘sodomy’, ‘buggery’ and ‘unnatural offences’ laws. Almost half of them are Commonwealth jurisdictions.

44 jurisdictions criminalise private, consensual sexual activity between women using laws against ‘lesbianism’, ‘sexual relations with a person of the same sex’ and ‘gross indecency’. Even in jurisdictions that do not explicitly criminalise women, lesbians and bisexual women have been subjected to arrest or threat of arrest.

12 jurisdictions in which the death penalty is imposed or at least a possibility for private, consensual same-sex sexual activity. At least 6 of these implement the death penalty – Iran, Northern Nigeria, Saudi Arabia, Somalia, Sudan and Yemen – and the death penalty is a legal possibility in Afghanistan, Mauritania, Pakistan, Qatar and UAE. Executions have been reported in ISIS-held territory in Iraq and Syria in recent years.

15 jurisdictions criminalise the gender identity and/or expression of transgender people, using so-called ‘cross-dressing’, ‘impersonation’ and ‘disguise’ laws. In many more countries transgender people are targeted by a range of laws that criminalise same-sex activity and vagrancy, hooliganism and public.

Iceland trades with many of these anti-LGBT countries. Perhaps Iceland should put an embargo on those nations. Why not ditch 6.8% exports and 5.8% imports with the US if they feel such abhorrence against America?

Here is a picture of Ambassador of Sri Lanka to Iceland, Prof. Arusha Cooray with President Gudni Thorlacius Johannesson of Iceland. Sri Lanka a country that can imprison someone of LGBT background for 10 years. Maybe corporate Iceland didn’t get the memo to fly LGBT flags? Ambassador Cooray and President Jóhannesson discussed the potential for increased collaboration between the two countries in the areas of tourism, fisheries, tea, arts, culture and sports. Wait, no discussions on LGBT Mr President?

Ambassador of Sri Lanka to Iceland, Prof. Arusha Cooray with President Gudni Thorlacius Johannesson of Iceland.

The greater irony is that Mike Pence’s boss has openly advocated that nations which criminalise LGBT seek to repeal such human rights violations.

And yes, President Trump is hardly the high watermark as goes diplomacy. That doesn’t mean two wrongs make a right.

Atlassian should back the Minerals Council of Australia, not knock it

Atlassian co-CEO Mike Cannon-Brookes (MCB) has apparently been on a campaign trying to get the already left-leaning board of BHP to ditch ties with groups like the Minerals Council of Australia. But why?

CM believes that nothing shows the prosecution of a cause than leading from the front. MCB should use the might of Atlassian’s $32 bn market cap and seek to buy a controlling stake in BHP whereby it can behave like an activist shareholder and achieve those goals from within. A bit rich to demand a company like BHP fold to the whims of another listed corporate which has no direct business with it. That would be terrible governance for BHP to pay MCB any mind.

How would MCB react if BHP CEO Andrew Mackenzie turned around and demanded that Atlassian cut ties with ANZ for being embroiled in the Hayne Banking Royal Commission? MCB would rightly tell him to take a hike.

One doubts that MCB has much of his superannuation buried in BHP shares but why pick on the Minerals Council of Australia? After all, if he had a good look at what Australia’s mineral industry enables, Atlassian should be a backer not a knocker. Why not influence the debate by being part of it?

Here is a list of 30 things Australian minerals companies provide, including vital materials used in wind farms and solar panels, the very forms of renewable energy MCB wants Atlassian to rely on 100% to power its future. MCB’s Tesla is reliant on Aussie minerals to make the batteries. So does his smartphone, tablets, laptops and desktops. And so do the white goods that chill his food and the copper pipes that deliver hot water in his lovely mansion in Sydney. His dentist uses those minerals to maximise his oral hygiene.  The list goes on.

No one can take away the success MCB has achieved in the corporate sphere. However, it would appear that being an expert in the software world doesn’t always translate to being a sage on the environment much less hold any authority to dictate the boardroom discussions of a company that is more crucial to its existence than the other way around.

Lowering the standards for gender balance

The Left has lost its mind. Literally. Surely the whole point of an equal society is to provide a fair playing field. What an insult to women who legitimately a) want to do engineering & b) worked hard to meet the requirement at UTS to have standards lowered for women so thru can artificially boost numbers in a field where studies have shown women have less interest.

While we’re at it, let’s reduce the entrance mark for cardiology or brain surgery. If patients die on the operating table perhaps the sub-par doctor can say at least your husband died on the altar of diversity and inclusion.

Australia has lost the plot. Where are the politicians slamming this stupidity given taxpayers fund it!