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You’ll never guess where Elizabeth Warren believes the backbone of democracy lies

If it wasn’t enough for Julian Castro to guarantee that trans females would have full access to abortions, a fellow nominee in the Democratic Party primaries, Senator Elizabeth Warren, who has willingly hijacked the Native American identity to get ahead over the decades, has taken over the mantle of nosebleed irrelevance to new heights. She is fawning over a group of hateful feminists, 3,400 of them if Twitter followers are a gauge.

Supposedly the backbone of democracy comes from the likes of the BlackWomxnFor (BWF) movement, which states on its own website,

THE SPACES CREATED BY BLACK WOMXN FOR ARE INTENTIONALLY INCLUSIVE OF ALL BLACK FOLKS THAT DO NOT CLAIM MALE IDENTITY.

THIS INCLUDES BLACK TRANS & CIS WOMEN, GENDER NON-CONFORMING FOLKS AND OTHERS.”

So it is really all about exclusion. Just the type of fair-minded individuals that would unite wider America. Think of where the US could be with such delusional people running things. Perhaps BWF has been channelling Congresswoman Ayanna Pressley (part of the Squad which includes the other Ringling Sisters Congresswomen Ocasio-Cortez, Tlaib and Omar) who said,

We don’t need any more brown faces that don’t want to be a brown voice. We don’t need black faces that don’t want to be a black voice. We don’t need Muslims that don’t want to be a Muslim voice. We don’t need queers that don’t want to be a queer voice.”

If only Warren embraced the spirit of individuality (regardless of race, gender, sexual orientation, religion etc) rather than got behind groups that demand that certain minorities conform to a predetermined stereotype? If CM identified as a black transgender woman, who would BWF be to deny my inclusion?

Looking forward to Warren endorsing two-spirit penguins as the tibia of democracy. How bad does her campaign have to be to embrace this group? Then again at least there is consistency. The far left of the Democratic Party is all about exploiting minority oppression.

No wonder Michael Bloomberg wrote off the current Democratic field yesterday as nowhere near up to the job to win the 2020 election. What a disastrous rabble. Identity politics is pure poison.

What really confuses CM is that if the US is currently such a horrid, racist, nasty, bigoted, oppressive white patriarchy run by an oppressive lawless dictator, as the Dems portray it to be, why are so many illegals still trying to bust their way in?

Nothing to see here

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Chinese regional bank, Guangdong Nanyue Bank Co said it won’t exercise an early redemption on its 1.5 bn yuan (US$215 million) 6% tier-two bond in December.

According to Bloomberg,

Chinese banks reported 2.2 trillion yuan (US$315bn) of non-performing loans at the end of June, which, according to the China Banking and Insurance Regulatory Commission (CBIRC) is the highest level in over 15 years…Troubles facing Guangdong Nanyue’s biggest shareholders may also add to its woes. Neoglory Holding Group Co., which is going through a court-led bankruptcy restructuring after defaulting on its bonds, is the largest shareholder of Guangdong Nanyue with a 16.52% stake, followed by Gionee Communication Equipment Co., which is in liquidation, according to a report published by China Lianhe Credit Rating in June. The two hold a combined 25.4% stake in the lender.

Note in recent times, Baoshang Bank was taken over by the government in May and the Bank of Jinzhou was rescued in July.

We shouldn’t forget “special mention” loans which are not classified as NPLs but potentially at risk of becoming so (equivalent to being 90+ days in arrears), rose to 3.63 trillion yuan (US$521bn), accounting for 3.3% of the total loan volume for commercial banks according to the CBIRC.

ABC MD issues an apology with a feather duster

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Good to see it took the ABC three days to come up with this response to the diabolically toxic Q&A program which hosted an expletive-laden show with a bunch of feminists. Pathetic. The producer will be hit over the knuckles with a feather duster.

Monday night’s episode of Q&A was presented in conjunction with The Wheeler Centre’s feminist ideas festival, ‘Broadside’. The intention of the program was to present challenging ideas from high-profile feminists whose expertise ranges across ageism, disability, Indigenous and domestic violence issues.

The ABC acknowledges that the program was provocative in regard to the language used and some of the views presented.

Q&A has always sought to tackle difficult issues and present challenging and thought-provoking content. However, I can understand why some viewers found elements of this episode confronting or offensive.

We have received audience complaints about the program, are assessing the concerns raised and will investigate whether the program met the ABC’s editorial standards.

Huh? Investigate whether it met editorial standards? Just read the transcript,

Some choice moments that have so much balance that even Mary Whitehouse would have accepted the content, are presented here,

MONA ELTAHAWY

“Well, you’re asking the person here who travels the world to say fuck the patriarchy, so I think that what we have to do is start seriously talking about dismantling patriarchy. And when I talk about patriarchy, I’m talking about a white-supremacist, capitalist, imperialist patriarchy…

I go online exactly to tell people to fuck off when they attack me, and I’m very well-known for it...

FRAN KELLY

And at this point, I will utter a language warning on the program, and remind our guests.

MONA ELTAHAWY

No, honestly, it’s… You know, this idea of respectability, this idea of civility, this idea of unity, all of these words, decorum, who invented those words? Those words were invented by white men for the benefit of other white men in systems and institutions that were always designed to be for white men. And they weren’t designed for women like you and me and so many others. Like you said, people of colour and gender-diverse people. They never imagined us in those spaces, and then we show up and we just ruin it for them….

And so those who abide by the system – and Barack Obama was part of the system and remains part of the system… I also disagree with his wife when she says, “When they go low, we go high.” No I fucking don’t. If you go low I’m going to come for you. So, no, I do not have the luxury or the privilege to sit there and be civil with people who do not acknowledge my full humanity. I refuse. Number one…

…So, for those who say, “Be civil,” for those who say, “Be polite,” I have an entire chapter on the political importance of profanity, and I remind them of a Ugandan feminist called Dr Stella Nyanzi who is currently in prison in Uganda because she wrote a poem on Facebook wishing that the mother of the dictator of her country had poisoned him, that her birth canal had poisoned him during birth. And when she was taken to court and doing her sentencing, she was video-taped in, because she’s known for her profanity, she stood there in the video, she took off her top, she jiggled her breasts and she said, “Fuck you, fuck you, fuck you!” In court!“…

…Nothing. For me, as a feminist the most important thing is to destroy patriarchy. And all of this talk about how, if you talk about violence, you’re just becoming like the men. So, your question is a really important one but I’m going to answer it with another question. How long must we wait for men and boys to stop murdering us, to stop beating us and to stop raping us? How many rapists must we kill? Not the state, because I disagree with the death penalty and I want to get rid of incarceration and I’m with you on the police. So I want women themselves… As a woman I’m asking, how many rapists must we kill until men stop raping us?

We all know what will happen. Assurances by the ABC it will never happen again until the next time which won’t be that far away. We were promised that when Q&A got in trouble over giving a platform to a man who pleaded guilty to threatening to kill ASIO and DFAT officers, Zaky Mallah who went on a rant against then conservative MP Steve Ciobo. Who could forget the “@AbbottLovesAnal” hashtag the show gladly allowed during the former PM’s term? A mistake, honest. Just like Triple J’s guide to blowjobs.

The ABC should be defunded and forced into the TVNZ business model of having to provide content customers are willing to look at and advertisers willing to support. If the organization is so confident it has an audience for its content, it should put its confidence where its mouth is.

If you want to look at why the ABC doesn’t need more money, look at the staff costs to income ratio. Despite plateauing between 2008 & 2011 it quickly exploded. It now sits at 46% of the government handout generated. That is $524mn on staff costs per year and rising. 4,939 staff grace the ABC. Funding per employee is $232,000. A decade ago it was $232,700. Is that what the management target for hiring? Give the ABC $2bn and presumably, it will have employment costs of $1bn.

Channel 9 must fight hard for every advertising penny but still manages a 29.1% staff cost to revenue ratio. $380m in staff costs on $1.3bn revenue. 3,310 employees convert to $392,750 in revenue per staff member.

Sevenwest Media raked in $1.62bn in revenue on staff costs of $395mn or 24%. The same cutthroat world of earning a living instead of feeling entitled to one. Seven West has 4,528 staff meaning it generates $357,800 in revenue per employee.

Maybe ABC should be forced to channel the New Zealand state broadcaster, TVNZ. After all ABC fawns over NZ PM Jacinda Ardern, all the time and she hasn’t demanded the state take TVNZ back to a taxpayer-funded model. It gets $310m of its $318m purse from advertising. It’s staff costs excluding capitalizing into programs is $72m which converts to 23% staff cost/revenues. They do with 642 FT employees. Revenue/employee is $495,000. It paid a dividend back to the government of $3.7m. i.e. it is a revenue-generating asset.

In 2007, TVNZ had $339m in revenue. It employed 1,023 people. Therefore revenue per employee was $331,380. So in a decade, TVNZ efficiency improved almost 50%. A 6% cut to revenue on 63% of the staff.

Instead of the long term ratings slide at the ABC across metro and regional Australia, TVNZ’s figures keep improving. Last year, TVNZ had a 43.2% all day audience up 1.3%.

Comparing 2017/18 and 2015/16 at the ABC we see that TV audience reach for metro fell from 55.2% to 49.7% and regional slumped from 60.3% to 54.0%. If we go back to 2007/8 the figures were 60.1% and 62.4% respectively. For the 2017/18 period, the ABC targets 50% reach. Hardly a stretch.

ABC clearly has no place receiving funding with content like this. As it stands, the ABC isn’t out of control. It is in full command of its content. The Minister for Communications has lost control and continues to let the broadcaster do as it pleases – even allow shows with Aboriginal actresses pretending to defecate on white people or kids programs that take a stab at white privilege. The ABC is so left-leaning it would make Stalin’s Pravda blush for being too conservative.

The ultimate irony is that things are so bad at the ABC that the latest Annual Report revealed a survey that showed staff engagement at 46%, 6 points lower than the previous survey which placed the organization in the bottom quartile of ALL Australian & NZ businesses. It is so bad that many staff complained that poor performers are not dealt with but tolerated.

Inner West Council to host the 2020 Oppression Olympics

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Who would have ever imagined that the left-leaning Inner-West Council (IWC) would push to change the celebration of Australia Day which, according to Mayor Darcy Byrne, marks “for Aboriginal people, the beginning of colonisation, dispossession and the removal of children, the deliberate destruction of language and culture, there is a better and more mature way to commemorate the day that includes them.” to an Aboriginal festival called Yabun (which means music to a beat)?

What is this obsession with local councils to act in this way? Residents just require them to collect rubbish, make sure loo paper is replenished in local park lavatories and mow the lawns. If one bothers to read through the annual reports of these local councils one can see just how much spare time these people have on their hands. It is insane.

Take the Northern Beaches Council claim that it had saved 293 tonnes of carbon in the council area in the 2017-18 period. Put it against Australia’s CO2 impact vs the entire atmosphere meant that Northern Beaches hammered home a mammoth 0.000000000699857% saving! Yes 9 zeroes. How much hot air was wasted in meetings on that initiative? The ultimate irony was the cover of the Annual Report displayed its least fuel-efficient vehicle!

Or Ryde Council’s climate emergency! Referring to the Ryde Council Annual Report 2018 financials section one can see that it spent on what it terms “Environmental Programs” a grand sum of $547,000, down from $556,000 the previous year. To put that in context of budget expenditure, this climate change fearing council spent, wait for it, 0.34% of the total annual revenue on saving the planet. Ryde Council even grandstanded with,

This includes a commitment to divest its investment portfolio from fossil fuel-aligned financial institutions, supporting renewable and clean energy solutions and becoming one of the first councils to phase out single-use plastics.

The irony was that Ryde Council’s financial details list it has next to nothing in investments outside of fixed interest product. Beat that chest but beware of the medals you’ve pinned to yourselves as you sip lentil smoothies through a paper straw.

Back to IWC. In order to deal with the supposed oppression of 2,038 indigenous Australians out of 198,024 residents (i.e. 1% of the local population), did the IWC think to publish the tidal wave of complaints from this minority that demanded the move? Or did IWC do as the Yarra Council did in Melbourne and survey their mates to get the result they wanted? Recall Yarra councillors backed the Australia Day ban recommendations by pointing to an online survey of 88 Aboriginal and Torres Strait Islander people, with 82% of respondents supportive of the change. Another 281 people were polled in a separate street survey, with 45.9% agreeing council should support the campaign.

In fact, it was even worse. IWC sought feedback after the 2019 Australia Day event and 37  (thirty-seven) people – “19%” of whom identified as Aboriginal – responded to an online survey, with most opposed to holding a celebratory Australia Day event. Most? 19 people would be a technical majority. So 0.0096% of the residents opposed it. Must be considered a landslide by the IWC?

If these IWC councillors are so triggered by Australia Day and the mistreatment of minorities two centuries ago, perhaps they should sack all 1,038 council staff members and hand them over to the original owners of the land as an overt sign of destroying the white patriarchy and atoning for the sins of people they had no relationship to who did things to others before they were born?

But of course, as ever with the identity politics driven left, creating oppression where none exists is a forte. Why not just embrace the idea that 196,000 other residents would probably be more than happy to have the inclusion of Yabun without the exclusion of everyone else.

Alas, this is the Australia CM has returned to after 20 years. Everyone trying to outdo the other in the moral preening stakes. We are a complete laughing stock. Sadly, we accept too much of this nonsense which only eggs on activists to push for ever more ridiculous demands.

As Thomas Sowell once said,

“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.”

Indeed if IWC see these people as perpetual victims perhaps they can reflect that charity is injurious unless it helps the recipient to become independent of it.

Daft way to run a business

Why the celebration? CM is all for equal opportunity. Just not equal outcome. As CM said at the time of the US soccer team’s whinging over equal pay, if Megan Rapinoe and team make more revenues and broadcasting rights, pay them “more” than their male counterparts, not the same. Who could forget the almost North Korean level chants of “equal pay” during the Women’s World Cup this year?

How is equal pay remotely sensible for the Football Federation Australia’s (FFA) women’s team, the Matildas? Surely within the women’s team, there are proper stars and average players. Will those pay rates be equalised? So that the women’s soccer supremo that scores the most goals and achieves the highest number of tackles gets paid the same as the forward who can’t score and can’t defend to save herself? Who do the fans want to see? Who powers the turnstiles?

Look to other sports. Lewis Hamilton in F1 gets paid multiples more than fellow competitor, Romain Grosjean. Same job, Same conditions. Same everything. Yet, the 6x world champion gets factor fold levels of advertising dollars, hence he also banks that in his contract. Marc Marquez, the 8x world champion in MotoGP gets paid a fortune. Whereas Tito Rabat does not. Maybe because he is leading most of the time that the race coverage is focused at the front, rather than the back. It is all based on performance and TV exposure. Michael Jordan, Shaq, A-Rod and so on. The cream always gets paid what the market will bear. Some might call the $100mn that Ronaldo gets paid at Real Madrid as excessive but the club wouldn’t pay it if his magic didn’t cover the bills.

Ronaldo has 78 million Twitter followers vs his Real Madrid captain, Sergio Ramos who has a pitiful 16m. Surprise, surprise. Ronaldo makes more. Rapinoe has 899,700 followers. Should she get paid the same as Ronaldo? US men’s soccer team player Landon Donovan has 1.4m followers. Does the USSF see that the box office is sadly still skewed to the men’s game?

Once again, 260m watched the Women’s Soccer World Cup final in 2019. The 2018 men’s World Cup in Russia saw 1.12bn tune in for the final. 4.3x the audience.

To quote the Football Federation of Australia’s annual report of 2018,

Sydney FC had the honour of hosting the Westfield W-League 2018 Grand Final against
Melbourne City FC at Allianz Stadium. In front of a vocal crowd of 6,025.

Six thousand. Rugby Australia CEO Raelene Castle can feel a bit better about the abysmal attendance rugby has at home for the domestic series.

The men’s Melbourne Victory vs Newcastle Jets soccer final in 2018 saw 29,410 fans attend that match. 5x that of the women’s final.

Same for the Matildas. They achieved a peak crowd attendance of 16,829. The men’s Socceroo team saw 77,060 supporters at ANZ Stadium on 15 November 2018. 4.6x more fans watched the men’s national team over the women’s. It is nothing to do with gender. Fans prefer the men’s game. Because of that, sponsors are willing to pay for greater exposure.

This is not to denigrate the Matildas. It is to point out that this constant pandering to “equal pay” is a disastrous way to win over fans. Because if the right talent isn’t paid accordingly, an overseas league will quickly bid them away and hollow out the local market. Attendance will drop and the revenues and sponsorship dollars will dry up with it. Doesn’t require rocket science.

Still, get woke, go broke. The Wallabies are proof is in the pudding for management that focuses on inclusivity and diversity instead of accepting reality of what actually pays the bills – the fans. The financials continue to deteriorate.

By all means, if the Matildas smash the Socceroos for revenue, viewership and broadcasting rights then by all mean pay them more, not the same. Welcome to the Democratic Peoples Republic of Australia in 2019 where virtue signalling means more than merit.

Just watch the mainstream media gush at how progressive the FFA is before realising in years to come just how regressive it eventually becomes for the game and how could it have happened?

M&S pushes sandwich equality

Corporate virtue signaling at its finest. Marks & Spencer hijacks a movement to sell lettuce, guacamole, bacon & tomato (LGBT) sandwiches. Where is the quinoa or Italian tomatoes to include the Q & I minorities? Shame on the marketing team. Surely deserved of a written warning? Did they use soy ink and recycled paper? How thoughtless to have bacon as an option for “B”, given it is most certainly not Halal?

M&S is free to make & sell what it likes. Although the LGBT is made with political correctness to appear woke. Perhaps an ANTIFA sandwich? Asparagus, nutmeg, tomato, iceberg lettuce, fennel and artichoke? A REMAINER baguette? Ricotta, egg, mustard, apple, Idaho potato, nuts, eggplant and radish. A Trump Derangement Syndrome (TDS) focaccia made from turkey, dill and sauerkraut? Or a Greta ? Ginger, radish, egg, taramasalata and almonds?

For equality in the debate, why not make a White Patriarchy (WP) sandwich with white bread and pastrami? A right wing nut job (RWNJ) ciabatta made of rye, walnuts, New York steak and jalapeños perhaps? A NAZI roll? Nutella, anchovies, zucchini and iodized salt?

Then see which politically correct sandwich sells the best? C’mon M&S, spice it up and allow people to have a laugh at lunch rather than push a narrative.

Time for a Lefty loaf. Lettuce, egg, figjam, turnips and yams. It seems unfair at a time the left wants to eat its own that there isn’t an offering on M&S shelves.

Parker Hannifin orders slump again

Despite an EPS beat, Parker Hannifin (PH) orders fell by even greater margins over the last quarter. Overseas orders -10%. North American orders -6%. Aerospace +22% but that is on a 12 month rolling basis and more driven by anticipation of 737MAX returning to service and the long lead times involved. In short, manufacturing is bound to get weaker than it already is. Caterpillar results already portended this. PH confirms it.

CM has been saying for almost two decades that PH orders are a great global barometer of industrial health. PH supplies all the monster tier 1 industrial companies like Boeing and Caterpillar. It is like a major hardware store for major industrials. PH is a world leader in pumps, hydraulics, pneumatics, linear drives, vacuums, seals, gaskets, valves, hoses and pretty much any other widget that is used in modern machinery.

Worse to come from global industrial indicators.