And student loans should be footed by the taxpayers?

OK, so University of California Berkeley is offering a course (that will be counted towards a degree) in The Right to be Lazy: shifts in Marxist thought

What better way to bash those capitalists than become even more lazy than they already are.

It is run by the University’s DeCal program which is run by students to offer classes that aren’t available in the school curriculum. De stands for ‘democratic education’

It notes,

Each semester there are over 150 courses on topics ranging from Taiwanese Language to Simpsons and Philosophy. Around 3000-4000 UC Berkeley students take DeCals each semester. DeCals are an excellent way of meeting the University’s minimum unit requirement, developing a new or past interest, and meeting peers in a small, comfortable environment.

CM never knew there were two philosophers named Homer.

Should we be surprised when students applying for jobs in the real world wonder why they can’t catch a break when prospective employers ask to see their academic transcripts littered with irrelevant subjects.

And the Democrats think Americans ought to foot the bill for student loans so they can learn about Homer Simpson when a Netflix subscription would be 1/100th the price?

Was the CIA too white at the time of 9/11?

Central Intelligence Agency

According to the BBC, it was. The UK taxpayer-funded broadcaster is buying into this hypothesis that the CIA may have been too “white” and not diverse enough to spot the terrorist activity around September 11, 2001. Weren’t the whites that founded the agency in 1947 the same thinkers who had the nous to use “diversity” (Navaho Native Americans) to devastating effect to transmit sensitive information during WWII? That was 54 years prior to the 9/11 attacks.

What a spectacular own goal. How could the BBC be so careless? It should be completely down to the CIA’s white supremacist backgrounds that led to an agency completely driven by irrational fear to facilitate any old excuse to bomb the crap out of shithole nations. Does CM need to do the BBC’s work for them?

Passing the CIA aptitude tests are bound to be pretty tough in the intelligence areas. The day the CIA starts to prioritise skin tones, sexual proclivity and what is between the legs of candidates as opposed to what is between their ears one should expect even more misses to result. It might be too late – find the CIA Diversity webpage here.

Diversity of thought is all that matters. The BBC would do well to seek introspection. If the CIA had been predominantly staffed by blacks and Hispanics, would this article have ever seen the light of day? Of course not. Good to know BBC practices racism. Or is the journalist gunning for a position on the NY Times editorial board alongside the sweet #cancelwhitepeople Sarah Jeong?

Banker Buster?


Before the GFC in 2008, bank shares across the globe were flying. Financial engineering promised a new paradigm of wealth creation and abundant profitability. They were unstoppable.

However 12 years later, many banks look mere shadows of their former selves. We are told by our political class to believe that our economies are robust and that a low-interest rate environment will keep things tickety-boo indefinitely. After all the wheels of the economy have always been greased by the financial sector.

If that were true, why does Europe’s largest economy have two of its major banks more than 90% off the peak? Commerz has shrunk so far that it has been thrown out of the DAX. Surely, Japan’s banks should be prospering under Abenomics so why are the shares between 65% and 80% below 2007 levels?

Ahh, but take a look at those Aussie beauties! How is it they have bucked the global trend? How can Commonwealth Bank be worth 6x Deutsche Bank?

Although we shouldn’t look at the Aussie banks with rose-tinted glasses they have mortgage debt up to the eyeballs. Mortgages to total loans exceed 62% in Australia. The next is daylight, followed by Norway at 40%. Japanese banks, before the bubble collapsed, were in the 40% range. CM wrote a comparo here. There is a real risk that these Aussie banks will require bailouts if the housing market craps out. It carries so many similarities to Japan and when anyone ever mentions stress tests – start running for the hills.

If you own Aussie banks in your superannuation portfolio, it is high time you dumped them. Franked dividends might be an ample reason to hold them, but things in finance turn on a dime and this time Australia doesn’t have a China to rescue us like it did in 2008-09. More details contained in the link in the paragraph above.

In closing, Milton Friedman said it best with respect to the ability of central banks to control outcomes,

“… we are in danger of assigning to monetary policy a larger role than it can perform, in danger of asking it to accomplish tasks that it cannot achieve, and as a result, in danger of preventing it from making the contribution that it is capable of making.


Cannibalism the cure to climate change?

Is cannibalism the way to cure climate change? According to one Swedish scientist, Magnus Soderlund, eating humans after they die could be an effective way to cut down on Greenhouse gas emissions. Instead of breeding cattle or sheep, we just eat the dead instead of burying them.

I’m not quite sure the grandkids will want to know that grandma’s old recipe is not so much made by her but of her.

Yet more climate change lunacy. Maybe Soderlund can enlist the services of fellow Swede, 16yo climate activist Greta Thunberg, to legitimize the activity.

Atlassian should back the Minerals Council of Australia, not knock it

Atlassian co-CEO Mike Cannon-Brookes (MCB) has apparently been on a campaign trying to get the already left-leaning board of BHP to ditch ties with groups like the Minerals Council of Australia. But why?

CM believes that nothing shows the prosecution of a cause than leading from the front. MCB should use the might of Atlassian’s $32 bn market cap and seek to buy a controlling stake in BHP whereby it can behave like an activist shareholder and achieve those goals from within. A bit rich to demand a company like BHP fold to the whims of another listed corporate which has no direct business with it. That would be terrible governance for BHP to pay MCB any mind.

How would MCB react if BHP CEO Andrew Mackenzie turned around and demanded that Atlassian cut ties with ANZ for being embroiled in the Hayne Banking Royal Commission? MCB would rightly tell him to take a hike.

One doubts that MCB has much of his superannuation buried in BHP shares but why pick on the Minerals Council of Australia? After all, if he had a good look at what Australia’s mineral industry enables, Atlassian should be a backer not a knocker. Why not influence the debate by being part of it?

Here is a list of 30 things Australian minerals companies provide, including vital materials used in wind farms and solar panels, the very forms of renewable energy MCB wants Atlassian to rely on 100% to power its future. MCB’s Tesla is reliant on Aussie minerals to make the batteries. So does his smartphone, tablets, laptops and desktops. And so do the white goods that chill his food and the copper pipes that deliver hot water in his lovely mansion in Sydney. His dentist uses those minerals to maximise his oral hygiene.  The list goes on.

No one can take away the success MCB has achieved in the corporate sphere. However, it would appear that being an expert in the software world doesn’t always translate to being a sage on the environment much less hold any authority to dictate the boardroom discussions of a company that is more crucial to its existence than the other way around.

Which Doctors or Witch Doctors? AMA needs to remove its head from its own backside

Ideology and medicine shouldn’t mix. The Australian Medical Association (AMA) has taken on the role of a tribal witch doctor. It is more worrying that the very people we are supposed to put our faith in on the operating table have such ridiculously unfounded views in a field that is off their patch. Moreover, its assessment is flatly wrong.

Have they got hard evidence to back the claims? Not even the cheerleaders among alarmists back their claims. Yet watch the media fall into line with this utter garbage.

Here are some of the AMA’s reasons below.

“Climate change will cause higher mortality and morbidity from heat stress.”

– The reality is that more people die from cold weather events than hot. According to a 2014 study by the CDC, approximately 1,300 deaths per year from 2006 to 2010 were coded as resulting from extreme cold exposure, and 670 deaths per year from extreme heat. FAIL.

“Climate change will cause injury and mortality from increasingly severe weather events.”

The ‘Uncertainties in Greenhouse Gas induced climate change report of 2000 notes, that,

“A causal and unequivocal link between mean surface temperature increase and the anthropogenic greenhouse gas increase has not yet been established. The most probable cause of the mean surface temperature increase is considered to be a combination of internally and externally forced natural variability and anthropogenic sources. Significant uncertainty still exists relating the total (direct plus indirect) radiative forcing by anthropogenic aerosols (e.g. sulfate, black carbon, dust etc.). Recent studies suggest that the negative total radiative forcing by anthropogenic aerosols may offset the positive forcing by the greenhouse gases. Precipitation trends in different regions of the world do not present conclusive evidence about the intensification of the hydrologic cycle of the atmospheric-ocean system. There is still uncertainty relating trends in storm (tropical as well as extratropical) frequency in different parts of the world. Available climate data do not show any increasing trend in extreme weather events (e.g. extreme precipitation, extreme drought thunderstorms, winter blizzards) in any part of the world.FAIL

“Climate change will cause increases in the transmission of vector-borne diseases.”

A 2016 NIH report titled,  ‘Climate change effects on airborne pathogenic bioaerosol concentrations: a scenario analysis‘ noted,

The single receptor results showed that modelled concentrations were modified (on average decreased) several percentage points on average as a result of climate change. In general, the variables wind speed and global radiation were of most importance, by influencing atmospheric particle dilution. An increase in global radiation (and temperature) enhances vertical atmospheric mixing and thus results in lower surface concentrations. An increase in wind speed enhances horizontal spread, and thus, the concentration at a receptor point at the plume axis (as in our study) decreases. From our spatial analysis, we concluded that distribution of the area at risk, however, changed: in some areas, the seasonal-averaged concentrations decreased (up to 20 %)

…Given the fact that most human infections occurred in spring, the 2009 concentrations were not exceptional...”

We concluded that for four out of five scenarios the concentrations generally decrease as a result of increased global radiation, temperature and increased wind speeds, whereas for one scenario the concentrations generally increase. Nevertheless, the differences between and especially within seasons are large. Since coincidence of emission and specific meteorological conditions largely determines the actual exposure, additional investigations are required to further quantify the change in predicted concentrations of airborne pathogenic bioaerosolsby taking into account pathogen inactivation and more detailed probability functions on precipitation, snow and large-scale circulation.” FAIL

“Climate change will cause food insecurity resulting from declines in agricultural outputs.”

The IPCC Synthesis Report (i.e. summary) states: “By 2020, in some countries, yields from rain-fed agriculture could be reduced by up to 50%.”  This is properly referenced back to chapter 9.4 of WG2, which says:  “In other countries, additional risks that could be exacerbated by climate change include greater erosion, deficiencies in yields from rain-fed agriculture of up to 50% during the 2000-2020 period, and reductions in crop growth period” (Agoumi, 2003).

Agoumi study wasn’t a peer-reviewed document.

It is noteworthy that chapter 9.4 continued with “However, there is the possibility that adaptation could reduce these negative effects (Benhin, 2006)…not all changes in climate and climate variability will be negative, as agriculture and the growing seasons in certain areas (for example, parts of the Ethiopian highlands and parts of southern Africa such as Mozambique), may lengthen under climate change, due to a combination of increased temperature and rainfall changes (Thornton et al., 2006). Mild climate scenarios project further benefits across African croplands for irrigated and, especially, dryland farms.” 

The same goes for chocolate…

Half of the world’s chocolate is currently sourced from just two African countries: Côte d’Ivoire and Ghana. According to the IPCC, rising temperatures and a relative reduction in rainfall could make it less suitable for cocoa production in the future. The research highlighted in the IPCC Climate Change 2014: Impacts, Adaptation, and Vulnerability report indicate that, under a “business as usual” scenario, those countries will experience a 3.8°F (2.1°C) increase in temperature by 2050 which could seriously impact cocoa production.

Claims that changes to the climate are also pushing cocoa-growing regions to higher altitudes in some parts of the world, which can make some crops unsustainable…production has more than doubled in the past 3 decades. FAIL

“Climate change will cause a higher incidence of mental ill-health.”

By opening its mouth the AMA would seemingly be assisting the business fortunes of psychologists. Perhaps the AMA should check into its own facilities.

Honestly, we must conclude that climate alarmism is in the final throes. With all these local councils declaring climate emergencies and now the AMA joining the RBA and APRA on climate activism, we should start to discount their opinions on their core subjects. Utterly pathetic.

Perhaps the AMA should demand that all of our hospitals are run off renewables with no baseload back up power. Gotta practice what it preaches!

Thank the progressive left for this

Image may contain: one or more people

Top marks to the progressive left for generating so much horsesh*t that allows this type of behaviour. If you need an emotional support anything outside of a blanket, you probably shouldn’t be flying. What if CM wanted to bring an emotional support elephant? Why are my rights not equally respected? Supporting mental health is one thing. Caving to the preposterous is another.

One has to wonder whether this violates FAA rules as regards airline safety in an emergency. Will airlines have to retrofit all fleets with horse-sized life jackets?