Investment

XR excels in its own stupidity again

Extinction Rebellion (XR) truly take the cake in terms of not understanding their cause very well. Six XR activists were arrested for blocking one of London’s biggest concrete suppliers.

Did it occur to these Mensa members that massive slabs of concrete are required to form the base to anchor wind turbines to? Concrete is also used to ground solar panels. Perhaps more coking coal and bauxite to make steel or vast amounts of toxic materials that go to make solar panels and batteries should be encouraged?

One protestor said,

We have to pause and recognise the harm it is causing both locally and globally; locally with the dust in the air our children breathe and globally with the inextricable CO2 emissions involved which are destroying the world.”

Yet again proves this is just a religion where the disciples believe any old tosh that is thrown their way. No attempt to see reason. Just block traffic and cause more CO2 to be emitted. Well done on all counts. The laziness of the cause is exposed on a daily basis.

These people should be forced to pay damages to those they disrupt. Why should the concrete company or builder be forced to bear externalities created by these people?

Forbes addresses the equal pay argument in soccer

Forbes has thrown light on the gender pay gap in women’s soccer. The numbers are rather telling. As CM has always stated, if the earn more than then men they should Ben paid more, not equally. Journalist Michael Ozanian notes,

France earned $38 million from FIFA for winning soccer’s World Cup in Russia, while the women’s champion in France this summer will earn just $4 million, has prompted outrage…

…The total prize money for the Women’s World Cup in France this July will be $30 million compared with total prize money of $440 million for the men’s teams at the 2022 World Cup in Qatar…

…The men still pull the World Cup money wagon. The men’s World Cup in Russia generated over $6 billion in revenue, with the participating teams sharing $400 million, less than 7% of revenue. Meanwhile, the Women’s World Cup is expected to earn $131 million for the full four-year cycle 2019-22 and dole out $30 million to the participating teams.”

Thanks to JL for the flag.

High Priest of Rugby Australia hits the nail on the head

If Rugby Australia (RA) Chairman Cameron Clyne had a decent product he wouldn’t need to worry about sponsors. Sponsors want brand exposure. That requires packed crowds following the Wallabies.

Some quick facts since 2014 vs 2018.

-Wallabies team costs (coach, support etc) +70% ($9.97m)

-Match day revenue -42.1% ($20.17m)

-Sponsorships -11.5% ($28.23m)

-Player contracts +3.2% ($16.79m)

– Licensing revenue -12.9% ($1.67m)

– RA has $18m in cash and equivalents as at 2019.

– RA made $5.87m net profit in 2018 on $119m of revenue but is expected to post a loss in 2019.

The SMH points to the very problems that RA has created for itself. To take the notion that “no” sponsors would want to be associated had they done nothing is absolute garbage. The Australian Christian Lobby might fill the Qantas void…

Does Clyne honestly believe that LGBT staff within RA may have sued it for not creating a safe and respectful environment had Folau not been shot? What a joke. If it is that easy to get a payout, CM would identify as such to ride that gravy train. How weak is the board to fold to this dross?

Did RA do anything when Pocock was arrested for chaining himself to an excavator for 10 hours at the Maules Creek mine? He was charged with “trespass, remaining on enclosed land without lawful excuse and hindering the working of mining equipment.” Raelene Castle wasn’t CEO at the time but Cameron Clyne, Paul McLean and Ann Sherry were and still are board members. Where is the balance in sanctions handed out? Wasn’t there a risk the climate skeptics inside RA might sue for the lack of a respectful environment?

Clyne also mentioned there was a risk of state and federal funding cuts if this wasn’t dealt with. In 2018, these grants totaled $3.5m out of total revenues of $119m. Less than 3%.

Once again if RA was run for the fans it would stand a far higher chance of not needing to fear its own shadow.

Alinta Energy sponsors Cricket Australia post the cheating scandal with the cheats still representing their country. Is cheating any better or worse than tweeting passages paraphrasing the Bible? The point is sponsors took advantage.

Here’s a suggestion. Put Folau back, sack Cheika based solely on (lack of) performance, drop Hooper, Foley and all the other publicly woke players to the bench, replace the board, CEO and chairman, call Qantas’ bluff and watch the fans flood back. A sponsor that is presented with an opportunity to back the team at its nadir will reap the benefits like Alinta.

Slam dunking slavery

When will we reach peak woke on grievance where it actually doesn’t exist? The NBA has decided that the use of the word “owner” is racially insensitive given most of the basketball players are African-American. The idea is that it has links to “slave owner.” Therefore the use of “governor” is deemed more appropriate terminology for the individuals that legally “own” the team.

Hang on a minute, doesn’t Michael Jordan, legendary black basketball player of Chicago Bulls fame, own, sorry, govern the Charlotte Hornets? Will he get an exemption? Perhaps the NBA should have a quiet word about using blonde white supremacist females to promote his basketball wear as being unfair to models from minority backgrounds? Or could it be he doesn’t give a damn, like many of the basketball players held back by the chains of multi-year multi-million dollar contracts?

Steven Curry must be feeling oppressed by his $201m 5yr deal. Perhaps governors can get around the salary cap by including slavery reparations as a component of pay. It would be unconscionable for NBA Governor Adam Silver to deny such action.

This political correctness is just plain stupid. Silver should be sacked. If there were own-goals in basketball, he’s scored it. Let’s see if NBA attendance falls on the back of this crap.

Perhaps you shouldn’t be a pilot

A Canadian pilot is trying to claim the Boeing 737MAX has caused career damage, emotional and mental stress. He claims Boeing demonstrated “reckless indifference and conscious disregard for the flying public” in the development of the plane.

Presumably he migrated from the 737 Next Gen to the 737MAX meaning gaining type certification of the outgoing model would not be a stretch meaning career damage would be limited, especially given that Boeing forecasts the need for 790,000 new pilots out to 2037.

The lawsuit also contends the FAA and Boeing colluded in “an unprecedented cover-up of the known design flaws of the MAX

It should be quite disconcerting for a pilot to claim mental stress in this way given the role requires nerves of steel at important times. This is not to criticize those with legitimate mental health issues but this class action seems more like The Simpsons episode where everybody ends up suing everybody.

The stress from flying domestic routes in Canada is not the same as the stress of flying a cargo plane out of Bagram Air Force base where insurgents fire surface to air missiles.

Is it realistic to think the 400 pilots who supposedly intend to join the class action have all suffered from the same trauma?

Identity Politics rejected by those who would seemingly benefit

Quillette columnist Coleman Hughes testified in front of a House Judiciary Committee Subcommittee on the Constitution, Civil Rights, and Civil Liberties on the subject of a bill proposing to conduct a commission into slavery reparations. Hughes’ testimony was not what activists wanted to hear so he was heckled by them.

He argued that such a path would further divide the nation. Such is the scourge of identity politics and the victim mentality.

He was booed when he said, “Black people don’t need another apology. We need safer neighborhoods and better schools. We need a less punitive criminal justice system. We need affordable health care. And none of these things can be achieved through reparations for slavery.”

He went on to describe that reparations were not only divisive, but an “insult to many black Americans by putting a price on the suffering of their ancestors, and we would turn the relationship between black Americans and white Americans from a coalition into a transaction

Reparations by definition are only given to victims, so the moment you give me reparations, you’ve made me into a victim without my consent. Not just that, you’ve made 1/3 of black Americans who poll against reparations into victims without their consent, and black Americans have fought too long for the right to define themselves to be spoken for in such a condescending manner...

The question is not what America owes me by virtue of my ancestry, the question is what all Americans owe each other by virtue of being citizens of the same nation…And the obligation of citizenship is not transactional. It’s not contingent on ancestry. It never expires, and it can’t be paid off. For all these reasons, bill HR 40 is a moral and political mistake.”

Isn’t it ironic how out of touch the political class is when the very people they hope will give them the answer they want to hear do the exact opposite.

More hypocrisy with the Climate Emergency, this time in Canada

What a joke.

Canadians are not for carbon taxes. The landslides against the Trudeau Liberals in the provincial elections of Ontario & Alberta (and the recent by-election in Nova Scotia yesterday) have all used the key platform policies of rescinding carbon taxes. 

Steve Craig and the Progressive Conservatives handed the Nova Scotia New Democrats their first loss in the constituency of Sackville-Cobequid in 34 years at the by-election. Craig won the election with 2,655 votes. Liberal candidate Michel Hindlet was a distant third with 658 votes, just ahead of Green Party candidate Anthony Edmonds who received 488 votes. Why? Because Canadians want sustainable work where they have a competitive advantage. Not to be punished with punitive taxation with policies driven by a completely incompetent government.

Candian PM Justin Trudeau and Environment Minister Catherine ‘Climate Barbie’ McKenna have essentially copied the example set by the Irish government with respect to its announced ‘Climate Emergency.’ It is pure posturing not backed up by action. The pipeline fiasco has been so incompetently handled.

The Canadian Liberal government paid $4.5bn for a 60yr old pipeline that was sold a decade ago to Kinder Morgan for $377m for an asset RBC valued at $2.5bn. Last year, Kinder Morgan threatened to cancel the project altogether. Desperate to keep it alive – and the most transparent example of how much the Canadian govt depends on oil  – Trudeau nationalised it. Another $7.5bn will be spent to “create jobs” with this pipeline.

Apart from Canadian tax dollars going to fund a US company’s ability to expand and compete against Canadian suppliers, the real truth of Trudeau’s intentions probably doesn’t become any clearer when examining the sponsored summer jobs programme (where businesses could only get greenlighted if they shared “his” values). Yes, taxpayer dollars were approved by Trudeau to help activists protest a pipeline he’s just bought. This was an ad posted by Dogwood:

“As an organizing assistant through the Canada Summer Jobs program, you will work directly with a Dogwood Provincial Organizer and the field organizing team to help our organizing network stop the Kinder Morgan pipeline and tanker project, as well as help us strengthen the public call for stronger, more accountable and transparent democracy.”

Now, Trudeau’s party has declared a climate emergency and approved the expansion of the Trans Mountain Expansion (formerly owned by Kinder Morgan) straight after.

McKenna has made so many gaffes on her carbon tax. This video shows just how little idea they have about what they wish to introduce. She also said that not only would she refuse to debate with those that disagree with her on climate change but that Canadians have a $30 trillion (yes you read right) opportunity by 2020 because of the Liberal’s carbon tax and associated environmental policies. Who wouldn’t vote for a party that can 20-bag an economy in 2 years?

More leftist lunacy. Bleat about dedication to the environment, squeal about how we face imminent death if we don’t do something and then don’t back it up with actual deeds.