Italy

Actions speak louder than laughs

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While the mainstream media has blown much hot air about the UN GA audience laughing at POTUS during his speech, where was the very same audience backing the poster boy of virtue signaling and globalist politics? Here is a picture of Canadian PM Trudeau addressing the UN General Assembly during the Nelson Mandela Peace Summit on Sep 24th. Worse, a whole section of them are on their mobile phones. As impolite as deleting/sending emails during the speech of any world leader (or anyone for that matter) is, at least being laughed at suggests the audience was paying attention to the content, as ridiculous as anyone may have made it out to be. As much as Trump’s boasting and glass jaw were on full display, it was standing room only, because love or hate him, his words have global ramifications.

While French President Macron might have sounded sensible castigating Trump’s America First view as fanning the flames of nationalism around the world, perhaps he might have reflected on the shift toward populist parties across Europe occurring well before either took office. Macron should remind himself that anti-EU leader of the far right Front National, Marine Le Pen, achieved twice the vote ever achieved by her party. 35%.

People may not have noticed but Sweden’s newly appointed PM Stefan Lofven has lost a no confidence motion yesterday. The right leaning Sweden Democrats achieved the fastest growth in the Sep 9 election, taking almost 18% of the vote from 12.9%, holding the balance of power despite the establishment is reluctant to wed . All the while,  3 weeks have passed and a no confidence motion has occurred.

Italy is now run by an anti-EU M5S & anti-immigrant League coalition. Austria voted in a EU-skeptic party led by a 32yo Chancellor Sebastian Kurz. The Brits voted for Brexit. The Dutch awarded the fastest growing share to platinum haired Geert Wilders’ Freedom Party. The Hungarians and Polish have openly told Juncker where to stick his views on forced migration. Even Chancellor Merkel had the worst showing of her party in 70 years as the anti-immigrant Alternative for Deutschland took 13% of the vote, achieving 94 seats in the Bundestag mostly at the expense of Merkel’s CDU & former European Parliament President Schulz’s SPD.

Poor old Justin Trudeau had a member of his own party, Leona Alleslev, defect to the Conservatives stating she was ‘concerned about the government’s handling of the economy.’ It is one thing for the opposition to berate the government for poor stewardship but it is deeply embarrassing to lose people from one’s own party due to a lack of confidence.

So yes, we can collectively laugh at Trump for his bluster, chest beating and itchy Twitter fingers, but one would hope the mockers at the UNGA would glance in the mirror and realise that their constituents are becoming ever more disillusioned with the establishment they represent. These are the same people that bashed the president for calling out their lack of commitment to NATO, with 23 nations well behind promises made of their own volition 12 years prior. Could it be that for however abhorrent they might find the current leader of the US, he is calling many out on their failure to hold up their end of the bargain?

At the end of the day, no matter what one’s personal feelings for Trump may be, we have to live with his decisions. He is far from perfect. Yet instead of the predictable constant drone of noise following his speech, perhaps countries would be better off putting aside personal differences. Rather than crossing fingers in hope he maybe impeached so they can go back to the status quo and live the very lies he has exposed in his almost 2 years in office. Now that type of hypocrisy is truly laughable. Indeed the very fact that out of touch politicians can mock in such a manner shows just how badly they stink at relaying the very messages they think resonate with the public.

Yamaha’s MotoGP woes in stats

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Many in the MotoGP world are questioning the horrible performance of Yamaha in 2018. As it stands Yamaha holds no victories this year with a handful of races left in the season. This would equal its worst performance in 15 years.

Yamaha’s successes really started to trend much higher after hiring Honda legend Valentino Rossi (who took the 2001, 2002 & 2003 crowns for Honda). He subsequently took 2004 & 2005 crowns for Yamaha. After narrowly missing the 2006 title to Honda’s Nicky Hayden and losing to Aussie Casey Stoner in 2007 on a Ducati (the first title for the Italian maker) Rossi won for Yamaha in 2008 & 2009.

Yamaha won the championship again in 2010, 2012 & 2015 under Jorge Lorenzo. Honda won the 2011 with Stoner and the 2013, 2014, 2016 & 2017 titles under Marc Marquez who looks odds on to win 2018. At tonight’s Aragon GP in Spain, Yamaha’s four riders start 12th, 14th, 17th & 18th on the grid.

In August this year after the poor performance at the Austrian GP, Yamaha made the unprecedented motion of apologizing to its riders for having such a rubbish bike. The problem has continued for 18 months now. No doubt the developers in the team back in Iwata, Japan are still busy working out how to take responsibility instead of working to fix it.

The reality is that the other motorcycle teams have got much better. The Italians didn’t qualify for the recent Football World Cup and Germany was bailed out in the pool games. So Yamaha needs to stop resting on the laurels of having two world class riders with 10 championships between them to come up with a competitive product.

N.B. Suzuki withdrew from MotoGP in 2012 & 2013. Ducati entered MotoGP in 2003.

Two diplomats and the bloke who said what everyone else was thinking

Yesterday CM wrote about the terrible sportsmanship of Romano Fenati who tried to cause a competitor to crash by grabbing his front brake during a race. Race winner Andrea Dovisioso and reigning world champ Marc Marquez gave diplomatic answers as to what punishment fits the crime but 3rd place getter Brit Cal Crutchlow told the refreshing truth – that Fenati’s team should have immediately fired him. Race Direction handed out a pithy 2 race ban. Fenati’s team agreed with Crutchlow.

Fenati’s team said,

Here we are. Now we can communicate that the Marinelli Snipers Team shall terminate the contract with the rider Romano Fenati, from now on, for his unsporting, dangerous and damaging conduct for the image of all. With extreme regret, we have to note that his irresponsible act endangered the life of another rider and can’t be apologised for in any way. The rider, from this moment, will not participate in any more races with the Marinelli Snipers team. The team, Marinelli Cucine, Rivacold and all the other sponsors and the people that always supported him, apologised to all the World Championship fans.

Foolish Fenati

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Moto2 racer Romano Fenati (13) completely  lost the plot when he reached for the front brake of another rider Stefano Manzi (62) during the race in Misano. While neither were fighting for points, Fenati had a brain snap. While Manzi didn’t crash from the incident Fenati was rightly black flagged. There was an incident in an Italian race at Mugello where the attacked rider was pitched over the handlebars.

Fenati was sacked last year from the Sky VR46 Moto3 team in 2016 for “unexplained” behavior. Something tells me he may get booted for that stupidity.

Presidential behaviours

While the glass jawed POTUS has many shortcomings, surely the unelected EC President Jean-Claude Juncker does the EU absolutely no favours by being sozzled to the gills at a NATO summit. One has to ask PM Theresa May how she thinks the EU is a credible opponent to negotiate Brexit? No deal seems a no brainer.

EU – 1.3m abortions, 5m births p.a.

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Eurostat statistics on abortion reveal that Germany, France, UK, Spain and Italy alone terminate a combined 760,000 fetuses per annum. Across the EU-28 there are 1.25mn terminations. Without getting into a debate on abortion rights, the pure statistical number points to 20.4% of fetuses never make it out of the womb alive. Every. Single. Year. At that rate over 10 years that is 12.5 mn children that could have added to EU population sustainability do not occur but the EU seems to think embarking on mass migration is the only solution to plug the gap. Is it? Ironically child support is one area the EU is happy to cede control to individual Member States.

The fertility rate across the EU-28 is now 1.58 children per woman, flat for the last decade and down from 2.9 in 1964. Demographers suggest that a fertility rate of 2.1 is required in developed world economies to maintain a constant population (in the absence of any migration). The number of live births in the EU-28 peaked in 1964 at 7.8 million. In 2017 this had fallen to 5 million. There was a brief period (2003-2008) when live births in the EU-28 started to rise again, returning to 5.5 million by 2008 but the GFC sent it down again – as economic hardship tends to cause a decrease in births. So are economic incentives too low to cause a rebound?

France has the best incentives for children and the highest birth rate inside the EU at 2.0 up from 1.7 in the 1990s. Germany is around 1.4 drifting from 1.6 in the 1990s. The lives for child rearing French are eased by cheap health care, inexpensive preschools – for infants as young as 6 months old – subsidized at-home care and generous maternity leave. Mothers with three children can take a year off of work – and receive a monthly paycheck of up to €1,000 from the government to stay home. Families get subsidized public transportation and rail travel and holiday vouchers.

In order to stop the declining working population over time, imagine if Europe hypothetically put the onus back on consenting couples to take responsibility for their actions and makes abortions harder to access without compulsory consultation over options? Why not graphically show the entire process to get some sense of reality for both parties? You can gross yourself on this link.

Perhaps, in today’s electronic world, automatically deducting child support from fathers that run from responsibility might make sense? Why should the state pay for others’ lack of accountability? Even if the child is placed in foster care, why not wire child support to foster parents indirectly via the Ministry in charge of its administration? The population crisis is not going away in Europe. Why not provide more incentives to married/same-household couples?

Mathematically speaking the numbers are huge. Imagine if the million-plus fetuses every year had a vote to be raised with foster parents as opposed to being terminated, what they would choose? Consider the €23bn Merkel has spent on mainly economic migrants in the last 2 years being put toward preventing 200,000 abortions in Germany over that period? €115,000 to avert each one might have been better spent. That is a huge sum of money period.

CM is not advocating control over the womb but surely transparency in policy over individual responsibility is not a bad thing with respect to many issues, not just abortion. What level of economic incentives are required to prevent some couples/women choosing to terminate? Surely that plays a part in deciding to terminate. Consultation services with respect to the subject don’t seem too commonplace or at least structured in such a way as to prevent them.

According to Eurostat, since 1964 the divorce rate in EU-28 equivalents has doubled and the marriage rate has halved. For every eight marriages in 1964 there was one divorce, now there is one divorce for every two marriages.

The proportion of births outside of marriage now stands at 40%, from 27% in 2000 to less than 7% in 1964. 8.8 % of the EU-28 population aged 20+ lived in a consensual union (de-facto). In Japan the number of births out of wedlock is 25% according to the MHLW. The dynamics of the traditional nuclear family are fading.

51% of the Swedish population is now single household. 51%! While some is attributed to an aging population, 19 of the EU-28 members has a single household ratio of over 30%. 12 over 35%. By way of comparison, Japan’s single household ratio stands at 34.6% from 27.6% in 2000.

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To further analyse the new ways of living together and to complement the legal aspect, statistics on consensual unions, which take into account those with a ‘marriage-like’ relationship with each other, and are not married to or in a registered partnership with each other, can also be analysed.  Sweden (18.3 %) has the highest rate followed by Estonia (16.4 %), France (14.3 %) and the lowest in Greece (1.7 %), Poland (2.1 %), Malta (2.5 %) and Croatia (2.9 %).

Is employment a factor?  It is mixed. Eurostat reported in Germany, the fertility of non-employed women has increased and that of employed women decreased, while in Spain, the opposite occurred; in Greece, the total fertility rate (TFR) of non employed women fell below that of employed women, changing from a positive differential of about 0.2 average live births.

Is education a factor? Apart from Nordic countries (Denmark, Finland and Norway), Portugal and Malta, in general, women with lower education had higher TFR between 2007 and 2011. Eurostat state the fertility of women across the EU over the same period with a medium level of education dropped by about 9%, while the decrease for women with high or low education was less significant.

Eurostat argues that economic recessions have correlation to falling child birth rates. Apart from the direct impact of economic crises at an individual level, the economic uncertainty that spreads during periods of hardship seem to influence fertility. From this point of view Eurostat believes the duration of a crisis may play an important role and, the duration and the depth of the current recession are unprecedented in some countries. The agency states,

The expected relationship is that negative changes in GDP correspond to negative changes in the TFR, possibly with some delay, thus showing a high positive correlation at particular lags. The correlation with the TFR is relevant in Spain and Latvia without any lag; in Bulgaria, Poland and Romania with one year of lag; and in the Czech Republic, Denmark, Estonia, Greece, the Netherlands, Finland, Sweden, Iceland, Norway and Croatia with two years of lag. Taking the overall average across countries, a change in GDP is mostly positively correlated with a change in the TFR within about 19 months.”

Do we cynically argue that stagnant child birth rates aren’t just a factor of societal changes? Perhaps a truer reflection on the higher levels of poverty in the EU since GFC and the harsh realities for a growing number of people behind the growing levels of populism who are suffering greater economic hardship than statisticians are presenting to the political class? Hard decisions must be made before they are made by external factors.

Slovenia slaps the EU too

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Slovenia has joined the list of populist movements. In 2000, there were 4 countries in the EU that had populist coalitions/majorities (Lithuania, Latvia, Switzerland & Austria). Scroll forward to today we have 15 (the previous 4 countries + Poland, Norway, Czech Rep, Italy, Slovenia, Hungary, Greece, Slovakia, Crete, Bulgaria, Romania). Neighboring Bosnia and Serbia are also populist led. We shouldn’t forget the in the populist/nationalist party surges in The Netherlands, Germany and France . Perhaps more amazing is that the EU still isn’t getting the message, most highlighted by the push to get the President of Italy to put in charge a non-eurosceptic former IMF employee as PM. That’ll work.

So to Slovenia’s election. The Slovenian Democratic Party (SDS) topped Sunday’s election on 25%, handing the anti-immigrant party 25 seats in the parliament. Center-left LMŠ, led by comedian and political satirist Marjan Šarec, came in second on 12.7% (13 seats), and the Social Democrats third on just under 10% (10 seats). SDS leader Janez Janša acknowledged forming a governing coalition will be difficult.

Juncker typified all of the arrogance that has propelled so many anti-establishment parties to power. He said, “Italians have to take care of the poor regions of Italy. That means more work, less corruption, seriousness.” Stereotyping rarely helps. Juncker also made clear that Italy’s problems are not the EU’s fault.

Time and time again, when studying poverty within the EU, the overwhelming number of countries inside the bloc remain worse off than in 2008. Growth rates remain anemic. If you were to look at a map of the floodgates of illegal immigration (which Deutsche Bank published) it isn’t a surprise that the local populations are voting for those governments that will seek to look after the citizens first. So before casting aspersions on a growing number of EU citizens’ assessment of the human rights of asylum seekers, the reality is that the socialists within the EU are clearly utterly dreadful at messaging and even poorer in execution. Then again Baroness Thatcher warned them of that in 1990.