EU

BMW Motorrad soft in H1. FY forecasts trimmed

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BMW Motorrad’s H1 performance was soft showing a 1.6% drop in unit sales and 23.6% drop in profit. The number of motorcycles sold during the Q2 reporting period was partially influenced by the model change in the mid-class segment, with 51,117 units sold between April and June (2017: 52,753 units).

In Europe, the number of motorcycles delivered to customers totalled 53,989 units (2017: 58,617 units; – 7.9 %). Germany (11,739 units) was also down on the previous year (2017: 14,461 units. Shortfalls in France (9,068 units; 2017: 9,447 units; – 4.0 %) and Italy (8,647 units; 2017: 9,099 units; – 5.0 %). By contrast, motorcycle sales in Spain improved slightly by 1.3 % to 5,647 units (2017: 5,573 units). In the overall contracting US market, the BMW Motorrad reported a slight increase (+ 3.1 %) in six-month deliveries to 7,379 units (2017: 7,157 units).

With effect from the first quarter of 2018, the Motorcycles segment is forecast to achieve a slight increase in deliveries (2017: 164,153 units). BMW said in its Annual Report 2017, that “a solid increase was expected.”

NATO or Paris Climate Accord – actions speak louder than words

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Six weeks ago NATO members were outed for being woefully behind their own self imposed promises on defence spending. Seems like self-imposed promises on Paris Climate Accord commitments are just as woefully followed through. Whether saving the planet or saving borders, actions speak louder than words.

Naked chef faces naked stupidity

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CM is not a great fan of celebrity chef Jamie Oliver. He was the one threatening to leave the UK if citizens voted ‘leave the EU’ in the Brexit referendum. (Un)fortunately for most liberally minded celebrities who lay down ultimatums to their adoring fans, they ignored him and he’s still here. Hypocrisy anyone? However CM will defend him against left wing lunatics accusing him of cultural appropriation in the kitchen.

It’s probably harder to believe than making ‘punchy jerk rice’ but a UK Labour MP Dawn Butler said that Jamie Oliver must stop the cultural appropriation of Jamaica. The shadow minister for women and equalities, wrote,

I’m just wondering do you know what #Jamaican #jerk actually is? It’s not just a word you put before stuff to sell products… Your jerk rice is not OK. This appropriation from Jamaica needs to stop.

Factually we could say Jamie Oliver has culturally appropriated the Italians, Spanish, Japanese, Chinese and a whole host of other nations’ with respect to their cuisine. Perhaps he should be forced to pay any monies gained from his success back to the countries he lifted these dishes from. Perhaps anyone who has bought his books should be hauled via drive thru kangaroo courts and summarily executed for brazen bigotry in the kitchen. Why not enforce state officials to monitor parents to ensure their children don’t develop a liking to culturally inappropriate dishes.

The Spectator wrote about other ridiculous events where evil whites plotted to allow people to judge for themselves whether they wanted to dine and consume their products.

Last year a burrito van in Portland was forced out of business after activists accused its two white owners of ‘stealing’ their recipes from Mexico. Soon afterwards, a list was circulated of similarly inadmissible behaviour entitled ‘(Alternatives to) White-Owned Appropriative Restaurants in Portland’. It named and shamed dozens of establishments and included suggestions of more acceptable places owned by ‘people of colour’. In February, the firm that runs the canteen at New York University sacked two white working-class men after they devised an African-American menu to celebrate Black History Month that was deemed ‘racially insensitive’ by a middle-class black student.

This politically correct nonsense needs to stop. Surely individuals can decide from themselves whether they can literally stomach a chef’s cuisine without him or her declaring white privilege before serving. Honestly how many actually care about this absurd nonsense? Probably less than 0.1% might get triggered.

Sure, one could argue that a Japanese chef adds authenticity at a sushi counter as does an Australian burning sausages on a BBQ. However when politicians think serving up such utter stupidity to constituents somehow creates value they only prove just how a lack of intelligence is completely inedible in any culture.

Given the current malaise in politics around the world is it fair to say there are more important fish to fry than accusing chefs of culinary expression.

N.B. CM would like to apologise if any kangaroos were offended by the misappropriation of their species in this article, including wallabies or any other animals identifying as kangaroos.

Brexit Doom!?

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What was this narrative that the UK would plunge into the abyss with Brexit!? Something about corporate Britain being all confused and panicked about what to do with respect to the coming slow and painful death? Keep calm and carry on?

Do arms suppliers have a moral compass?

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40 murdered children in Yemen.  The Saudi logic behind the attack was that the Houthi rebels were training these kids as soldiers. A far-fetched claim. Yet where has the condemnation of Saudi’s role on the UN Human Rights Council been? Countless civilian deaths in Yemen at the hands of the Saudi military are nothing new. Where was the outrage then? The decades long proxy war has only accelerated since the assassination of former Yemeni dictator President Ali Abdullah Saleh in December 2017.

CNN looked to put the blame of this latest tragedy at the feet of US defence companies. Surely the Europeans are just as blameworthy for selling the Tornado or Eurofighter aircraft that likely dropped the American ordinance on these kids? Mattis has openly criticized the Saudi attack in this instance.

Arms deals are a dirty business. Let’s not pretend otherwise. Unfortunately these dangerous toys rarely come with a “please use responsibly” section inside the box of instructions. Some might argue that in certain cases users are not of the appropriate age bracket to play with them. Bribery scandals (aka incentives) are often more notable than the weapons deals themselves. Yet have there been incidences of arms suppliers turning down multi-billion dollar contracts?

If we go back in history, the Americans refused to release the source codes to the Saudis in a potential multi-billion dollar US jet fighter sale that would have allowed certain weapons (the US weren’t prepared to supply) to be fired. Even if the Saudis bought the US jets and sourced the banned weapons on the black market they wouldn’t be able to be fired.  Instead the Saudi’s bought the Panavia Tornado because the Europeans were happy to sell a similarly capable platform that the US refused to sell. UK defence contractor BAE Systems won a long term maintenance contract known as Al-Yamamah as a result of this Tornado deal. Why not bash the Brits for taking advantage of the US putting regional security ahead of arms sales in Saudi Arabia?

Perhaps we could question the moral fibre of the US refusing to sell the F-22 Raptor attack fighter to the Japanese. The Japanese top brass pleaded for the plane but US Congress refused to approve it claiming the billions required to redo all of the computer systems and source codes to ensure it had a lower capability than the USAF plane. The reality was more likely to prevent a leakage of its capability (something that had occurred when the Japanese ordered Aegis destroyers). The result was Japan didn’t get them even given its peaceful history post WW2.

Should we bash the Russians for supplying military hardware has been behind the deaths of over 100,000 Syrians? Or Ford for making the car that ran down people in Westminster?Or should we question the operators of these tools?

If we really want to get petty the Paveway Mk-82 bombs responsible for killing these kids were sold to the Saudi’s in a deal made in 2013 under the Obama administration. Was it Obama’s fault in allowing the sale? CM doesn’t believe he is but interesting that CNN left the period of sale out. Easier to attack the $110bn arms sales going forwards.

40 dead children is a tragedy. Arms deals are far from if ever holy. The instruments of death are sadly not always deploy in manners which are either moral or ethical. The Iranian backed Houthi almost sunk a French made Saudi frigate in the Red Sea at the beginning of last year. Several Emirati patrol boats have been severely damaged by the Houthi in the same area, the most recent incident occurring  last month. There are countless skirmishes along the Yemeni/Saudi border.

Unfortunately the Saudis and several other gulf states are key allies of the US in the proxy war against Iran/Russia. Do not expect a wholesale change in US arms deals with Saudi Arabia for the foreseeable future.

In closing perhaps people might question China’s new interest in the Middle East? Many may have missed it has deployed 5,000 troops (including special forces) in Syria since 2017. Geopolitics seldom look to protect the rights of anyone other than the home side. Don’t pretend it does otherwise.

Hats off to the Jorges

The performances of Spaniards Jorge Martin (Moto3) and Jorge Lorenzo (MotoGP) at the Austrian Grand Prix yesterday were nothing short of master classes.

Martin may have finished 3rd on the day but he rode with a broken left arm, operated on some 8 days ago. Talk about grit. The acceleration forces may not be huge on a Moto3 bike but the braking and cornering forces are. It must have pushed mind and body to the limit. Such is the will to win that pain took a pillion seat.

His main championship rival in the Moto3 class, Marco Bezzecchi doffed his cap to Martin after qualifying such is the respect he holds for such heroics. How demoralizing for the rest of the field to be trailing a guy with metal plates, stitches, swelling and muscular pain in this left arm?

As for Jorge Lorenzo, he rode as aggressively as CM has ever seen him. Lorenzo has generally been one of the riders everyone loves to hate. Cold with the media, never smiling at the camera, making an excuse for everything and detailing a littany of complaints when he was dusted up on track by the other riders. His 2015 world championship was one full of scandals including trying to weigh in on getting the race stewards to penalize his team mate and main rival Valentino Rossi so he could win it. So bad was the reaction that on winning the 2015 crown in Valencia, Spain an all Spanish crowd booed the Spanish rider as he received his trophy from the Spanish King. Instead of soaking up the accolades Lorenzo ran off the podium as quickly as possible. It was an ugly affair.

His first year at Ducati in 2017 showed he had lost none of those bad habits. His face was full of being shown up for a rider whose talents were not worth the €25 million shelled out for his services. It was eating him up. Then it all came together. His first victory on the Ducati GP18 in Mugello was the sweetest of his career no doubt. Not only did he prove his detractors wrong, he proved to himself that he could overcome all of the odds. All of a sudden he was smiling. Someone who had lost the weight of the world off his shoulders.

He has since lost the chip on his shoulder, often smiles at the camera and CM truly respects the 180 degree change. Three slices of humble pie and deepest apologies for writing Lorenzo off in joining the Bologna factory. He deserves everything he gets.

When the going gets tough, the tough get going.

Juncker deserves a stiff drink after that

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President Trump strode into the Rose Garden with EC President Jean-Claude Juncker where, together, they announced the elimination of tariffs on industrialized goods.

No stranger to slapping people in the head, Juncker understood that when the leader of the strongest nation in the world slaps you back it is often worth paying attention to. There is much left to be desired about the unorthodox methods used to achieve such outcomes but if such deals are achieved that should be hailed as a success.

On top of that, Trump received commitments from Juncker to increase purchases of soybeans from American farms and to purchase large amounts of LNG, something likely to upset the puppet-meister.

So NATO members have promised to get their act together on honouting commitments to spending to display their new bonafides and the EU has seen that they are no longer dealing with a pushover.

Undoubtedly the mainstream media will overlook this and devote coverage to a tape recording instead of acknowledging that sometimes bluster works when the counterparts are truly pushovers in the end. Theresa May, are you listening?