#doublestandards

Fake News about Boeing’s CEO & Trump call

Business Insider has reported that the Boeing CEO Dennis Mullenberg pleaded with President Trump to prevent the MAX8 from being grounded. Here’s why the story is totally implausible:

1) the Boeing board would have Mullenberg’s head if he entertained the prospect of getting Trump to influence the regulator.

2) that would imply the FAA was susceptible to influence from outside forces. It is clearly not. No president would have the slightest say in the matter. As said in previous posts, the FAA has openly stated it is safe to fly without AOA activated.

3) Boeing has 4,800 outstanding orders for MAX8. Why would it run the risk of knowing it had a Ford Pinto to thrust some short term deliveries to pad its P&L while it knew more crashes were inevitable? Hardly a sensible marketing strategy. Boeing would panic more about losing 4,800 orders than delaying the delivery of 100 planes in coming months. Why run a greedy corporate narrative?

4) airlines can’t immediately switch to Airbus A320s as they’d join the end of the queue of the 4,000 outstanding orders. Moreover airlines can’t switch pilots from B737 to A320 on a whim. Airlines can’t wait 6 years for deliveries.

Boeing spokespeople said clearly it was a call to reassure safety. That’s a basic given. Why try to even make up a story about suggesting Trump and Mullenberg were involved in a conspiracy? More TDS. Shameless.

Trump is right to cut NSF funding – here’s why

So the media unsurprisingly hurled abuse at Trump for his plans to cut National Science Foundation (NSF) funding by $1bn. Typical. Yet maybe it’s worth reminding ourselves how the NSF has misappropriated taxpayer funds with such reckless negligence. No doubt if Obama (who raised its budget $1.5bn which in office) had lopped $1bn off the NSF budget on discovery of the below the media would be in raptures.

The NSF is a US government agency responsible for allocating 24% of science funding. It was raked over the coals by the US Senate for gross mismanagement, fraud and waste. The “National Science Foundation: Under the Microscopepaper from 2011 documented some of the misappropriation of funds as follows,

An $80,000 study on why the same teams always dominate March Madness”, a “$315,000 study suggesting playing FarmVille on Facebook helps adults develop and maintain relationships”, a study costing “$1 million for an analysis of how quickly parents respond to trendy baby names”, a study costing “$50,000 to produce and publicize amateur songs about science, including a rap called “Money 4 Drugz,” and a misleading song titled “Biogas is a Gas, Gas, Gas”;” a study costing”$2 million to figure out that people who often post pictures on the internet from the same location at the same time are usually friends”; and “$581,000 on whether online dating site users are racist”.Ineffective management examples, cited in the report, included “ineffective contracting”, “$1.7 billion in unspent funds sitting in expired, undisbursed grant accounts”, “at least $3 million in excessive travel funds”, “a lack of accountability or program metrics to evaluate expenditures” and “inappropriate staff behavior including porn surfing and Jello wrestling and skinny-dipping at NSF-operated facilities in Antarctica”.

Sorry, which part of lopping $1bn would taxpayers be upset by?

Truth 1, Identity politics -1

Jussie Smollett gave us the perfect example of why identity politics is so poisonous. Here was a man potentially willing to make a claim against two innocent white people and jail them for up to 20 years for hate crimes not committed just to bump his salary and smear 63mn Trump supporters at the same time. Smollett appears to be exactly what he condemns.

Identity politics creates a marketplace for victimhood. CM made these very remarks as the #metoo market started to gain momentum 18 months ago. How many men have been wrongfully accused of crimes they haven’t committed? Has anything happened to those women who admitted they lied about SCJ Brett Kavanaugh sexually assaulting them? Are we just to believe all women? All LGBT without question? Do activists truly speak on behalf of all minorities? Of course not. The truth is that the overwhelming majority of women, LGBT and minorities are fair minded people. Most don’t tie themselves up in this nonsense.

Look at how quickly Kamala Harris, Elizabeth Warren, Cory Booker, Maxine Waters & Nancy Pelosi jumped behind Jussie to condemn the racist MAGA lynch mob. No facts. Just feelings. More ammo to condemn Trump. Instead of openly apologizing to those they hastily condemned, they did the exact opposite – dishonorably deleting the tweets which showed them up for the double standards they clearly uphold (and we worry about Trump’s twitchy finger on the nuke button with knee-jerkers like this?!?). So out of touch are the liberals who blindly backed the false claim, that Jussie Smollett even lost serial SJW Alyssa Milano’s support. That’s a miracle in itself.

What of the $100,000s the Chicago Police Department was forced to spend to investigate a lie? What thought did Smollett give real victims of crime to divert resources away just to promote his own career? The CPD Chief was bang on the money with the selfish act.

Smollett’s Class 4 felony carries up to a 1.5 year jail term. If he is found guilty, he should serve the maximum penalty possible. Being gay or black should play no part in sentencing. All crimes should be equal in front of the law regardless of political affiliation, race, gender, sexual proclivity or any other identity marker.

On the plus side, Smollett has substantially undermined the identity politics industry. This, like Covington, will be a gift that keeps giving for libertarians. The numerous Democratic presidential nominees only showed how dysfunctional they are to champion identity ahead of character. This wasn’t about policy and praying for a united America. It was all about tribalism. All they did was make their base out to be fools.

Some suggested there be leniency shown toward Smollett in sentencing. There in lies the problem. The media are so desperate to run narratives that fact checking be damned. So frothing at the mouth have they become that anything will do if it can smear those who hold different opinions. How soon the repentant media forgot the promises over their mistakes surrounding Covington before their derangement syndrome got the better of them again.

The really sad part is that the media were so desperate that Smollett’s original hoax was true that they fell apart when it was found to be a lie. Disappointment when the narrative fails to back up subjective views. The mainstream media want disunity, discord and animosity to feed their ratings. Enemy of the people? Certainly not friends.

Perhaps the irony in all of this is that had Smollett truly cared to stage a believable attack he should have paid white actors to do it. The problem might have have been that they cost substantially more than the two gentlemen he paid by personal cheque (talk about leaving paper trails). Proves the old adage, “you get what you pay for.” False economy in a nutshell.

Had Smollett embraced libertarian values of meritocracy, hard work and opportunity he may have earned his pay rise legitimately. By embracing liberal values of perpetual victimhood by throwing 63mn people under a bus, he has now self-inflicted his own demise. Just desserts, even in prison.

Democrites

US Senator Ted Cruz gave a pointed speech around the hypocrisy displayed by the Democrats over the border wall, something they all passed in 2013 to build 350 miles worth when in power. Cruz unmasks the real modus operandi from 5 minutes into his speech.

Yes many can’t stand Ted Cruz but if a bill was put forward just to pay the Coast Guard during the shutdown the Dems all voted against it even though it was not contingent on the discussions over the wall. So insane is their hatred.

When the supervisor can’t follow the rules

Japan Exchange Group’s (owner of the Tokyo Stock Exchange) CEO Akira Kiyota has agreed to take a 30% pay cut for 3 months after admitting he’d broken internal rules on prohibited investment.

Surely as the supervisor of one of the largest stock exchanges in the world there would be sufficient systems in place to prevent such embarrassing events. A bit hypocritical to come down hard on listed corporates when the headmaster can’t follow his own rules.

As a former stockbroker, it was a sackable offense to make stock and bond investments without sign off from compliance and a manager to mitigate any risk of insider trading. It is a bit rich to suggest the JPX boss wasn’t aware of his internal rules and had he any doubt whatsoever it would have been an easy discussion had with the relevant department.

Corporate governance in Japan remains woefully inadequate. The JPX board has approved the ¥20mn (US$180k) profit made by the CEO on the initial ¥150mn (US$1.3mn) investment be given to the Japanese Red Cross. Will that be pre or post any capital gains tax? Why isn’t the board calling for him to resign? Why isn’t Kiyota resigning on principle to save the organization’s stained reputation as the vanguard of best practice?

Then again we should not be surprised. It took months for the JPX to remove/suspend Toshiba from the best in class corporate governance index (JPX Nikkei 400) after its accounting scandal became outed and there has been no investigation of Kobe Steel when blatant insider trading was visible to a novice. It leaked information about its fraudulent product specifications to customers three weeks before announcing to the market. All the tell-tale signs of heavy short selling positions on many multiples of average daily volume traded on the day of informing clients was evident. Yet nothing was even suspected, investigated or referred to the regulator.

Then take a look at the saga of Nissan. Documents have revealed former CEO Carlos Ghosn supposedly washed his multi-million dollar personal investment losses through the company as well as using Nissan money to buy several private properties in his name. That would still require the board to be willfully blind to sign off on such big ticket items or point to woeful internal controls. What governance structures could be in place when there is no board accountability over Ghosn’s actions? Being bullied by a dominant CEO is no excuse. The board should have tendered their resignations en masse.

Indeed there have been countless corporate governance lapses overseas – Parmalat, GSK, Stanford, Enron, Tyco etc- but in Japan there is little or no punishment for most executives who break laws (internal or external). Throwing the book at Ghosn will be an exception. Most C-level managers in Japan escape with little more than wounded pride.

Cutting salary for misdemeanors is woeful governance too. The biggest way to force compliance is to threaten a Japanese boss’ company car privileges. The highest status for a CEO is to be whisked around in a personal Toyota Century. Stripping it would literally force corporate leaders to do the walk of shame.

Double Standard

After 20 years in Japan, there is a wish buried deep down that the locals consult foreigners when dabbling with the use of English to prevent misinterpretations, especially at a corporate level. The company, Double Standard has recently been promoted to the 1st Section of the Tokyo Stock Exchange.

Double Standard Inc. principally provides business improvement and supportservices based on the big data technology.  Let’s hope it doesn’t live up to the namesake when dealing with customers.

Japan’s Sun City once highlighted to foreigners back in 2008 that it was ‘puking property inventories’ in its English press release after it ran into financial difficulties after Lehman Brothers collapsed.

The ultimate irony of the misfortunate name of Double Standard is it accurately assesses the way the authorities continue to apply the law with respect to corporate malfeasance.

Those bloody racist Aussies

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Aussies. We love backing underdogs and relish in self-deprecating humour. Being put down in Australian culture is generally regarded as a compliment. Yet when we see bad behaviour, Aussies generally have no issues calling it as they see it.

We care little if we offend those perpetrating crimes. Take our national cricket team where several members were caught cheating in Sth Africa. The backlash was immense. We’d rather lose than cheat as a nation although it maybe the only solution left to wrest back the Bledisloe Cup from the All Blacks after 16 years…..

Of course the satire of Mark Knight’s cartoon about Serena Williams’ temper tantrum got the activists riled up over supposed racist overtones. How quickly CBS made reference to a “white” cartoonist. If he’d been black and drawn the identical cartoon, would that have made it better? Why no complaints at all the other caricatures of Williams? That’s right – not a peep.

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That’s how the victim industry operates – find a narrative and then build concocted evidence to support it. Certain people might owe Knight a debt of gratitude.

Take this example. Author Leslie Honore   gladly used the viral nature of the cartoon to overtly plug her own book. This technically dilutes the nature of supposedly being 100% for the sisterhood in Serena’s corner, does it not? Makes for a great marketing tool though!! Surprised the author didn’t offer a free set of steak knives if bought within 20 minutes. True colours indeed.

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As for Aussies being racist, what will be evident when Naomi Osaka walks on court at the Australian Open in Round 1 is that everyone will cheer her. Not to apologise for the cartoon’s supposed misportrayal of her looks nor to make up for the appalling crowd display in New York but to honour a true bonafide sportswoman. We love everything about her. How could we not?

In all of the controversy surrounding the US Open final Naomi Osaka has oozed class with her sweet, bubbly but calm demeanor. Instead of apparatchiks demanding an open apology to Serena for sexism, equality and racism not once did any of them think to mention Osaka’s restraint or authenticity throughout the “me, me, me” nature of the saga. It was all about the champ! Williams’ prior tantrums were conveniently forgotten. Don’t forget Serena openly threatened Umpire Ramos that the thief would never be allowed again on ‘her court!’ So in that vein, Osaka was not an equal. She was privileged to stand across the net from the Queen.

Sure the racquet smasher with a coach who openly admitted he cheated is worthy of an apology. We should be proud to have the morals of such a role model drummed into kids. If little Johnny or Veronica don’t throw tantrums while representing their school we should put them straight in front of the counselor to work out why they haven’t been triggered. Don’t even start with the 9-yo brat refusing to stand for the Australian national anthem. Thanks Kaep!

If we judge the 23 grand slams and 10s of millions every year in endorsements and prize money for Serena , the global tennis apparatus has done a dismal job trying to beat her into submission if that is truly the claim. She’s got away with murder with her antics for years.

Throughout all Nike must have minted her name over the years as all these racists lined up to buy her clothes. Surprised the loonies haven’t called for cultural appropriation of white kids who wear Serena branded tennis clothing.

Maybe the lesson for Williams here is that playing against someone almost half her age that can blast 200km/h serves can teach her a thing or two about being a truly great champ in all aspects.

Poor old Naomi Osaka must be thinking the woman she once idolized is nothing like the person on the TV she thought she knew. Don’t worry Naomi, we wouldn’t want you to change anything about you!

Even if you don’t end up breaking all the records what better advocate for the game of tennis to have you as a global ambassador than a dummy spitting, venomous prima donna failing to cope with being dethroned. May there be many more kids who aspire to your level of maturity.

As an Aussie, CM speaks on behalf of many here who would openly say “we love you”. You can’t get here soon enough!