#hollywood

Rosanna Arquette checks her white privilege

Image result for rosanna arquette

Another brain dead champagne socialist from Hollywood has proven Einstein’s belief that “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.

This time, Rosanna Arquette told the world of her “disgust” and “shame” at the “white privilege” afforded her. She tweeted, “I’m sorry I was born white and privileged…it disgusts me and I feel so much shame“. If she feels so badly about maybe she should sell her mansion, move to a poor neighborhood and give her money away to charities that support non-white minorities. Only then can she atone for the sins of her parents for not making her another colour.

As ever this smacks more of a lack of career progression. Here is betting she does nothing about it other than moral preen. Because in this day and age showing you care on social media is enough. Who could forget the backlash against the 2016 election advert made by celebrities?

Climate alarmist Streisand flies 3 pooches to London for concert

Barbra Streisand has flown her three pooches 10,000 miles to London to listen to her Hyde Park performance. As with most climate alarmists, they rarely practice what they preach. This only makes CM sleep more soundly at night that we have little to worry about. Feel sorry for the pooches.

Laugh of the day

According to Public Policy Polling (PPP), USWNT Megan Rapinoe would beat Trump in 2020. She doesn’t wish to run as she’s too busy but CM thinks she doesn’t hold mainstream values to win the majority of voters.

Although her potential victory speech on Capitol Hill could be the first to be profanity laden. “To my fellow f*cking Americans.” It might be a safer option than listing each identity group by level of grievance because they’re all the most oppressed in their own eyes…even those suffering under the weight of multi million dollar contracts.

Somehow CM doesn’t think Nancy Pelosi wants another petulant child to deal with. AOC is bad enough.

USWNT score predictable own-goal

It was no surprise but the USWNT decided to avoid the invitation to the White House. Yet if these superstars truly can’t stand the democratically elected leader of the country they represent, why not use the opportunity to prosecute their convictions face-to-face instead of acting to the level they criticize him for?

If these people want to oust him in 2020, showing their love of self over love of country will only backfire when people mark their ballot papers. For world champions they really know how to kick the ball in the back of their own net.

Equal pay! Equal pay!

No longer is pride in representing a nation the core of a major sporting event. It is all about activism and grievance. The oppression obsession. The crowd joined in shaming the FIFA boss and the United States Soccer Federation (USSF) based off little or no true understanding of the facts at the women’s World Cup Final. The stadium would have made Kim Jong-un blush at the symbiotic coordination. It felt eerily similar to the crowd scene from 1984. It is unfortunately so telling of today’s society. Never have they had it so good, but act is if they’ve never had it so bad.

However isn’t the point of playing for one’s country about the “pride” in representing it? If Rapinoe hates Trump, that is one thing and her personal choice. She is not alone. Should her personal pet grievances outweigh the 330m other Americans she represents? Why not ask for the flag to be removed from her strip?

If she wants to kneel during the national anthem she is nothing more than a hypocrite who seeks to rub it in the face of those who have pride in their country. She is a conditional citizen. Much like those Hollywood celebrities who claimed they’d leave the country if Trump won. He did and they’re still all there.

If Rapinoe wants to truly protest, she should refuse to play. She should sit out and watch America flail and then witness the USSF panic as sponsors dry up and have them run to her. Yet the trappings are such that her principles take a back seat to the expediency of the luxuries afforded by her talent.

She can rant all she wants outside the field. Free speech. CM is all for that. She has a profile to do that. Yet when representing the country, why not respect her fellow citizens rather than throw the toys out of the pram using profanity against a democratically elected president? What she doesn’t realise is her wokeness is exactly the type of thing that will produce the same result in the 2020 election. People are sick and tired of the constant political correctness dragged into places it needn’t be. She is only going to retard the growth in the sport if she continues turning a beautiful game into a platform of white noise.

Rapinoe may tell the media that “we’re over it” with respect to equal pay. However has she considered that if she stopped being such a brat that even more sponsors might beat a path to her door? If she displayed the types of values that represent those of the sponsors and broader society rather than lower the level to the man she repudiates she might surprise herself? Set the standard, Megan! Don’t lower yourself to it. Is having a high number of LGBT players truly the secret sauce of the US team as you claim?

What if men identifying as women demand a place in the side? Physically they’ll dominate the women players as they are already doing in so many areas of sport. Don’t they deserve an equal opportunity? If they trial and outplay all the biological women, will you begrudge them? Or accept that “Science is science. Trans rule“? The Democratic Party has enshrined trans players in women’s sports as policy. Be careful what you wish for.

For the record, CM has always stated equal pay in sports is a farcical quest. It has never been equal. Nor should it be, because the talent pool would never be able to be developed in a way that is self sustaining for the audiences to watch it. Cristiano Ronaldo gets $100m per year because he is “that good”. He sells more strips each year than his fellow teammates. He scores lots of goals. He gets endorsements because he is so talented. Corporations see a return in the investment. Ronaldo has 78 million Twitter followers vs his Real Madrid captain, Sergio Ramos who has a pitiful 16m. Rapinoe has 725,000. Should she get paid the same as Ronaldo? US men’s soccer team player Landon Donovan has 1.3m followers. Does the USSF see that the box office is sadly still skewed to the men’s game?

If we truly want ‘equal pay‘, shouldn’t we demand that each player plays for exactly the same amount of time and limit the physical distance they run? After all it would be unfair for one player to do less or more work than another. If the goalie had to be included in the physical exercise equality argument then field players could only have a two minute stint at best. 10 players would need to be replaced every two minutes of the 90 played meaning a 450 player side. With GPS tracking, the rules of the game can be changed so that can be accommodated in theory.

We know that such a game would be boring to watch and cause audiences to abandon such spectacles because professionals sports require no participation medals. We cheer the player that has the extra stamina, skill and guile to win matches and pay to watch that privilege. Not watch a game where talent is castrated.

For starters, Rapinoe should address the inequality within women’s soccer, before targeting the broader gender pay gap. No doubt she gets paid a lot more than some of her lesser known teammates. No one discusses that factoid. Crowds consumed by propaganda based group think champion the causes of people who already earn probably way more than they’ll ever do. Were the crowd chants aimed at the Dutch women too? Or just the Americans who were the ones fighting this pay dispute.

CM is also on record for saying that female tennis players should be paid more than men for the higher audiences they attract. The reality is outside of the World Cup, women’s soccer does not attract the revenues of the men’s game (partly due to men’s game having decades more time to develop). That will take time. It is hard to find willing sponsors to even it up if the return on that endorsement is lower. Sponsors aren’t just rich benefactors.

In closing, shame on the crowds for dragging an international event into a twisted spectacle. What they don’t realise is that such actions will only work against them. Fans want to escape the stresses of daily life, not pay high ticket prices to have it directly served up. Maybe the #USWNT needs to look at what has happened to the NFL after political correctness engulfed it.

Megan, a bigger truism is that, “Economics is economics. The market rules!”

Ding dong the switch is dead

Morgan Stanley has finally lowered its bearish scenario on Tesla from $97 to $10. CM wrote in October 2017 that the shares based on production of 500,000 vehicles was worth no more than $28 (refer to report page 5). That was based on rosy scenarios. Sadly CM thinks Tesla will be bought for a song by the Chinese. Maybe $4.20 a share instead of $420 “funding secured” levels.

The stock breached $200 yesterday for the first time since late 2016.

Morgan Stanley analyst, Adam Jonas, has still kept its base case scenario at $230 per share. His bull case is $391.

Where is the conviction? To drop a bear case target by 90% must surely mean the base case is far lower than presently assumed.

Jonas must assume the bear case is actually the base case. Sell side brokers love to hide behind scenario analysis to cop out having to get off the fence. His compliance department probably prevents him from realizing $10 is his true heart.

Tesla was always playing in a market that it had no prior experience. It is not to say the products didn’t have promise. The problem was the execution. Too much senior management turnover, missed targets, poor quality and too many Tweets from Musk.

The amount of bad press arising from a lack of service centers has driven customers to moan on social media at its amateur approach. The fragile dreams of being an early adopter are being shattered. Cash burn remains high and deliveries remain low. Some pundits think Tesla orders are under real pressure in 2Q 2019.

The recent all share deal with Maxwell Technologies has seen those holders -20% since the transaction a few weeks ago. CM argued how a company with such revolutionary technology could sell itself for all shares in a debt-ridden loss making like Tesla? If the technology was of real value PE funds would have snapped it up or at the very least made a bid in cash. That none was made speaks volumes about what was bought.

All of the arguments hold true in the above link, “Tesla – 30 reasons why Tesla will be a bug on a windshield

Tesla below $200 after a successful cap raise is not a good sign. It’s the faithful slowly tipping out. Await another imaginary Musk-inspired growth engine to be announced shortly to try prop up the stock price. Yet the momentum will continue to sink. The market is losing confidence in Musk. The 1Q results were diabolically bad.

Major holder T Rowe Price has stampeded out the door. The stock is too risky. Musk is a brilliant salesman but he has bitten off more than he can chew.

CM always thought that Toyota selling its Tesla stake was a major sign. Acknowledging that under the hood the company possessed no technology that Toyota didn’t already own.

Watch the free fall. The Tesla stock will be below $100 by the year end.

(CM does not hold Tesla stock)

Kim Foxx subpoenaed over Smollett case

A retired appellate judge has pushed for a special prosecutor to subpoena Cook County State Attorney Kim Foxx over the Jussie Smollett hate crime hoax.

Foxx has defended the decision and says she welcomes an independent investigation. They are also requesting her deputy and Smollett attend the hearing.

Will be interesting how a State Attorney’s office can explain handing down a ruling emphatically stating Smollett is guilty but dropping all 16 charges.