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Charlie’s Angels flops due to misogyny

You have to hand it to the progressive left. Instead of making a film that doesn’t pander to all of this gender equality nonsense so prevalent today, it was easier for the writer and producer Elizabeth Banks to say,

Look, people have to buy tickets to this movie, too. This movie has to make money. If this movie doesn’t make money it reinforces a stereotype in Hollywood that men don’t go see women do action movies.”

OK so it must be the audience’s fault it has flopped. More specifically, just blame men. After all Banks said,

One of the statements this movie makes is that you should probably believe women.

Perhaps the whole point of film making is ensuring the content fits the tastes dictated by the market, not the other way around. Yet the social justice warriors just don’t get it and blame the consumer when things don’t succeed.

Yet what is the obsession inside Hollywood to possess such a lack of creativity as to merely make a remake by substituting men for women or vice versa? Ghostbusters flopped in its feminist remake. So did Oceans 8. Now Charlie’s Angels remake.

Michael McCaffery wrote,

“the social justice geniuses in Hollywood decided this year it would be a good idea to remake two movies that no one wanted remade, Mel Gibson’s What Women Want (2000) and Steve Martin and Michael Caine’s Dirty Rotten Scoundrels (1998), except this time with female leads. To the shock of no one with half a brain in their head, What Men Want with Taraji P. Henson, and The Hustle, with Rebel Wilson And Ann Hathaway, resoundingly flopped.

This year’s Book Smart, directed by Olivia Wilde, was little more than a rehash of the 2007 Jonah Hill and Micheal Cera smash-hit Superbad. Replacing Hill and Cera with two teenage girls as the protagonists in the formulaic film did not inspire audiences, as indicated by the film’s anemic domestic box office of $22 million.

Original movies with feminist themes fared no better than their re-engineered woke cinematic sisters. Late Night, a feminist comedy/drama starring Emma Thompson and Mindy Kaling, made a paltry $15 million domestically, while the painfully politically correct Charlize Theron vehicle, Long Shot, raked in a flaccid $30 million.

As evidenced by these failures, audiences of both sexes are obviously turned off by Hollywood’s ham-handed attempts at woke preaching and social justice pandering. The movie-going public is keenly aware that these woke films are not about entertainment or even artistic expressions, but rather virtue signaling and posing within the Hollywood bubble.”

Does Hollywood ever reflect on why viewership of the Oscars is down 40% over the last 5 years? It isn’t because they can stream it. It is because it has become nothing but a woke-fest where the world’s biggest hypocrites spew rubbish on climate change, Trump and #metoo while wearing dresses which have three pieces of fabric the size of postage stamps held together by dental floss.

Audiences aren’t stupid and when spoken down to avoid these causes like the plague.

Campaign BoMbing

Good to see the climate alarmists deep in a trance fiddling data from a century ago to get a warming effect. Jo Nova notes,

What a bombshell. Despite the non-stop stories of unprecedented heat the original data at 60 of the oldest sites across Australia shows there are no more Very-Hot-Days now than there were early last century. That’s no trend in 40 degree days for 100 years. No change – that is, until the Bureau of Meteorology adjusts the data…

Now that we know the Bureau of Meteorology (BoM) has 85% its staff in senior management it isn’t hard to take a cynical position that they are creating work for themselves to justify their existence. Best create a warming scare so the money keeps rolling in. Utopia.

Qantas to sue Will.i.am?

Image result for will.i.am helicopter

CM rarely has a kind word for Qantas when it comes to service, but good on the airline for being prepared to defend a stewardess who Will.I.am decided to accuse of “racism” on Twitter. Of course, the full facts about what went on board to cause the fracas is yet to be released but sadly passengers need to realise when they are on the plane, the crew do have the law on their side. Apparently, the musician didn’t want to put his laptop in the overhead bin. Good luck winning that fight when instructed by the crew. It is a condition of flying.

One could almost be forgiven for thinking it was a pre-concert promotional stunt to stir up the media into a frenzy to sell more tickets. Thankfully Qantas flight attendants don’t wear MAGA hats, serve Subway sandwiches or carry bleach. Yet they do carry restraining kits. If Will.I.am truly did his homework he would have realised that Qantas is more woke than he is.

As successful as Will.I.am has been in his career, the triggered musician has had a history of not always living in the real world. Sadly when celebrities make millions they become so conditioned to having wind blown up their backside that when someone pushes back over the most trivial of things their outrage is amplified as if their life was at stake. Sometimes they don’t even get their own hypocrisy. Take this example.

Will.I.am attended a climate change debate in Oxford in his own helicopter – which is not dissimilar in size to Marine One – and said at the conference, “Climate change should be the thing that we are all worried and concerned about as humans on this planet, how we affect the planet, our consumption, and how we treat the place that we live in.”

This can only end in tears

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As Sweden’s economy slows to the worst economic growth rate in 5 years under a negative interest rate policy, one would think the Swedish Central Bank (Riksbank) would be seeking to prudently manage its asset book on the basis of appropriate risk/reward as opposed to lecturing Australia and Canada on their respective carbon footprints. What we are witnessing is yet another discrete move by authorities to manipulate markets based on fantasy rather than fact.  The hypocrisy is extreme as we shall discover.

While the Riksbank should have complete freedom in how it wishes to deploy capital, we should view this is a pathetic sop to the cabal at the European Central Bank (ECB). Since when did central bankers become experts on climate change? The RBA is no better. Deputy Governor, Guy Debelle, gave a speech in March 2019 on the risks posed by climate change which based prophecies on the data accident-prone IPCC and Bureau of Meteorology. Why not seek balance? Easier to fold to group think so as not to be outed as a pariah. Utterly gutless. Our own APRA is also pushing this ridiculous agenda on climate change reporting. It is willful negligence.

While it is true that on a per capita basis, Australia and Canada’s emissions are higher than the global average, why doesn’t the Riksbank give us credit for lowering that amount 11.4% since 2000? Even Canada has reduced its carbon emissions by 7.3% over the last 18 years. Admittedly Sweden’s emissions per capita have fallen 21.9% according to the IEA. Greta will be happy.

Why hasn’t the Riksbank taken China or India to task for their 169.9% or 94.7% growth in CO2 emissions respectively? There are plenty of oil-producing nations – Qatar, UAE, Bahrain, Saudi Arabia and Oman that have worse per capita outcomes than Australia or Canada. Do these countries get special dispensation from the wrath of the Riksbank? Clearly.

The US has pulled out of the Paris Climate Accord. If the US has marginally lower emissions per capita (15.74t/CO2-e) than Australia (16.45t/CO2-e), isn’t a double standard to write,

The conditions for active climate consideration are slightly better in our work with the foreign exchange reserves. To ensure that the foreign exchange reserves fulfil their purpose, they need to consist of assets that can be rapidly converted to money even when the markets are not functioning properly. Our assessment is that the foreign exchange reserves best correspond to this need if they consist of 75 per cent US government bonds, 20 per cent German and 5 per cent British, Danish and Norwegian government bonds.

Essentially Riksbank commitment to climate change is conditional. The US which is responsible for 13.8% of global emissions can be 75% of holdings. Australia at 1.3% can’t. No doubt sacrificing Queensland Treasury Corp, WA Treasury Corp and Albertan bonds from a Riksbank balance sheet perspective will have little impact on the total. In short, it looks to be pure tokenism. The Riksbank has invested around 8% of its foreign exchange reserves in Australian and Canadian central and federal government bonds. So perhaps at the moment, it is nothing but substitution from state to federal. Why not punish NSW TCorp for being part of a state that has 85%+ coal-fired power generation?

At the very least the Riksbank admits its own hypocrisy.

The Riksbank needs to develop its work on how to take climate change into consideration in asset management. For instance, we need a broader and deeper analysis of the issuers’ climate footprint. At the same time, one must remember that the foreign exchange reserves are unavoidably dominated by US and German government bonds. The Riksbank’s contribution to a better development of the climate will, therefore, remain small. This is entirely natural. The important decisions on how climate change should be counteracted in Sweden are political and should be taken by the government and the Riksdag (parliament).

Still, what hope have we got when Benoît Cœuré, member of the Executive Board of the ECB, lecturing those on “Scaling up Green Finance: The Role of Central Banks.” He noted,

2018 has seen one of the hottest summers in Europe since weather records began. Increasing weather extremes, rising sea levels and the Arctic melting are now clearly visible consequences of human-induced warming. Climate change is not a theory. It is a fact.

Reading more of this report only confirms the commitment of the ECB to follow the UN’s lead and deliberately look to misallocate capital based on unfounded claims of falling crop yields and rising prices (the opposite is occurring) and rising hurricane and drought activity (claims that even the IPCC has admitted there is little or no evidence by climate change). Sweden is merely being a well-behaved schoolboy.

Cœuré made the explicit claim, “The ECB, together with other national central banks of the Eurosystem, is actively supporting the European Commission’s sustainable finance agenda.

CM thinks the biggest problem with this “agenda” is that it risks even further misallocation of capital within global markets already drowning in poorly directed investment. It isn’t hard to see what is going on here. It is nothing short of deliberate market manipulation by trying to increase the cost of funding to conventional energy using farcical concocted “climate risks” to regulate them out of existence.

Cœuré made this clear in his speech,

once markets and credit risk agencies price climate risks properly, the amount of collateralised borrowing counterparties can obtain from the ECB will be adjusted accordingly.

What do you know? On cue, Seeking Alpha notes,

Cutting €2bn of yearly investments, the European Union will stop funding oil, natural gas and coal projects at the end of 2021 as it aims to become the first climate-neutral continent.

All CM will say is best of luck with this decision. Just watch how this kneeling at the altar of the pagan god of climate change will completely ruin the EU economy. The long term ramifications are already being felt. The EU can’t escape the fact that 118mn of its citizens (up from 78m in 2007) are below the poverty line. That is 22% of the population. So why then does Cœuré mention, in spite of such alarming poverty, that taking actions (that will likely increase unemployment) will be helped by “migration [which] has contributed to dampening wage growth…in recent years, thereby further complicating our efforts to bring inflation back to levels closer to 2%.

Closer to home, the National Australia Bank (NAB) has joined in the groupthink by looking to phase out lending to thermal coal companies by 2035. The $760 million exposure will be cut in half by 2028. If climate change is such a huge issue why not look to end it ASAP? This is terrible governance.

Why not assess thermal coal companies on the merits of the industry’s future rather than have the acting-CEO Philip Chronican make a limp-wristed excuse that it is merely getting in line with the government commitment to Paris? If lending to thermal coal is good for shareholders in 2036, who cares what our emissions targets are (which continue to fall per capita)? Maybe this is industry and regulator working hand-in-hand?

The market has always been the best weighing mechanism for risk. Unfortunately, for the last two decades, global central bank policy has gone out of its way to prevent the market from clearing. Now it seems that the authorities are taking actions that look like collusion to bully the ratings agencies into marking down legitimate businesses that are being punished for heresy.

This will ironically only make them even better investments down the track when reality dawns, just as CM pointed out with anti-ESG stocks. Just expect the entry points to these stocks to be exceedingly cheap. Buy what the market hates. It looks as though the bureaucrats are set to make fossil fuel companies penny stocks.

ESG Blacklisted portfolio

ESG (Environment, Social Responsibility & Governance) blacklisted stocks. We all know deep in our hearts that vices are far more fun than virtues. Real Coke tastes better than Diet Coke. Full cream is better than skim. McDonald’s fries are tastier than mashed potato. CM made this point in yesterday’s piece on the irresponsibility of socially responsible investing for building a retirement nest-egg given the long term underperformance.

When all of this politically correct ESG investing meets a recession, these oversold anti-ESG darlings, many with gobs of free cash will look like total bargains. Suffice to say in a downturn, vices tend to be what people resort to.

All CM cares about is the G in ESG. Governance is a must for investing. E & S are merely subjective views which don’t automatically convert to shareholder value. Good governance goes without saying.

So perish the thought that CEOs, like Harvey Norman’s Katie Page are being attacked by the likes of Ownership Matters which thinks putting in a shareholder activist who has failed 49 times out of 49 to be appointed to ASX listed boards is a better bet? As Janet Albrechtsen of The Australian wrote,

A copy of the report obtained by The Australian reveals Ownership Matters has recommended that Stephen Mayne be elected to the board of the retailer, even though the 50-year-old has no corporate experience in retail or property, no corporate board experience and no corporate management experience…Harvey Norman has a market capitalisation of $5.2bn, and shares in the retailer have gained more than 32 per cent over the past year, outperforming the 16.4 per cent gain in the benchmark S&P/ASX 200 over the same period…The advice sent out on Monday has baffled Ms Page’s husband, the business’s billionaire co-founder Gerry Harvey, who remains its largest shareholder, retaining ­direct ownership of almost a third of the company. “I have been on a public company board as chairman since 1972, and I have never seen anything as bizarre as the fact that the best ­retail executive in Australia is to be replaced by a ratbag called ­Stephen Mayne who has been a proven failure … every time he’s run for a board seat,” Harvey said.

 

Can we defund SBS too?

This isn’t journalism. This is alarmist quackery for the sake of it. Venice has been subject to flooding for centuries. While the floods in Venice now are the highest for over 50 years, it still means that floods were higher in 1966. Let that sink in. Presumably it wasn’t climate change driven back then.

One can only imagine what a Venice Council could possibly do to combat climate change? Perhaps ruin the skyline with wind turbines and solar panels atop the roofs of the Rialto Bridge or San Marco Square?? To alarmists, no amount of tokenism is too little. Claim a climate emergency and show how worthy you really are.

No matter what the Venice Council does to “combat” climate change it will have no effect. Maybe the gondola union can indulge in some crony capitalism and demand that the €7.50 Vaporetto passenger ferries are banned so they can charge €150 to go from Santa Croce to Piazza San Marco instead. At least gondolas are zero emission vessels.

The SBS needs to grow up and deliver proper well reasoned content for the $400m in taxpayer funds it receives.

Donald Trump Jr’s new book #1 on NYT Best Sellers list

Donald Trump Jr. was quick to share the good news of hitting NYT’s #1 best sellers ranking, on Twitter.

“I dedicated #Triggered to the Deplorables and you guys made it #1… let’s do it again at the voting booth in November. You are the best!!! #MAGA”

Liberal heads must be exploding.