#mainstreammedia

72% might believe climate change is affecting them personally but…

…only 19% willing to spend more than $500 per year on climate abatement. That’s the result from the online survey conducted by the Australia Talks National Survey (sponsored by the ABC, Vox Pop Labs and University of Melbourne).

The Climate Council was quick to upload a post of Ita Buttrose, who spoke of politicians who were blinkered to climate change, were ignoring the will of the majority of the Australian people. Bill Shorten wasn’t blinkered. Look what happened to him. He was beaten by a coal hugging knuckle dragger from ‘The Shire.’

Although, the question of “climate change” being the number one issue (72%) is misleading statistically given that it was the only area one could “enter” any answer for the most pressing problem whereas the questionnaire on every other issue bar year of birth and postcode was predetermined by multiple choice. So that would leave a lot of wiggle room for the survey collectors to select answers that supported “climate change.” One has to honestly wonder how climate change is affecting a majority of Aussies personally?

The question was worded as “please enter a [presumably single] response“. So if we add up these single answers published afterwards, we get answers totaling 380%. 72%/380% =19%. The same number as were willing to spend $500pa+ to save the planet.

Other interesting insights showed that people who took the survey in NT, QLD or WA, where there are higher numbers of Aborigines, voted overwhelmingly in favour of Australia Day staying as it is.

Apparently CM is 78% more right wing than others Aussies. Is that accurate?

Would love to see the raw data, including the age of respondents across the spectrum.

Don’t be surprised to see the media bang the drum that almost 3/4s of Aussies are afraid of climate change on a personal basis. Despite that, 78% people are positive about their own futures. Go figure?

Perhaps the most glaring issue with this survey is the ability for individuals to take the survey as many times as he/she/ZE likes which undermines the credibility of the data.

It’s hard being perfect

Obviously, a very daft thing to say. Self-appraisal is so vacuous. Then again, Trump is the master of lighting fires for the media to chase. True to form they’ll wail for days over this comment questioning his intelligence to deflect from impeachment and demands for his tax returns. Yet is this quote remotely surprising?

According to Trump, he’s said he is a

“stable genius,”

that “no one respects women more than I do”, 

“I will build a great wall–and nobody builds walls better than me, believe me–and I’ll build them very inexpensively. I will build a great, great wall on our southern border, and I will make Mexico pay for that wall. Mark my words”

“I’ve said if Ivanka weren’t my daughter, perhaps I’d be dating her.”

“I will be the greatest jobs president that God ever created.”

“Ariana Huffington is unattractive both inside and out. I fully understand why her former husband left her for a man–he made a good decision.”

“When Mexico sends its people, they’re not sending the best. They’re not sending you, they’re sending people that have lots of problems and they’re bringing those problems. They’re bringing drugs, they’re bringing crime. They’re rapists and some, I assume, are good people, but I speak to border guards and they’re telling us what we’re getting.”

“My fingers are long and beautiful, as, it has been well documented, are various other parts of my body.”

“I Have never seen a thin person drinking Diet Coke.”

“I think the only difference between me and the other candidates is that I’m more honest and my women are more beautiful.”

“I’ve now been in 57 states — I think one left to go.”

“The reforms we seek would bring greater competition, choice, savings and inefficiencies to our health care system.”

N.B. the last two were Obama.

Nancy Pelosi wasn’t much better – “We have to pass the bill for you to find out what’s in it.”

#CancelWhitePeople Sarah Jeong dumped by NYT

What irony that The NY Times finally came to the conclusion what the majority knew about potty mouthed Sarah Jeong, albeit 12 months too late. The picture above shows a selection of tweets before she was hired by NYT. Despite that, NYT defended her hire.

CM wrote back in August 2018,

“Was Jeong not aware that 8 of the 12 board of editors are currently white? Not that the board’s racial identity should have any bearing on disgraceful bigotry displayed by her.

The only point at stake here is whether The NY Times will defend and maintain consistent standards it would certainly hold if a white editor raged on about people of other colour. This isn’t a rally or #boycott (please no more boycotts) to get Jeong sacked. On the contrary. In free market thinking the question is whether The NY Times exercises rational judgement and sees that from a commercial perspective defending the indefensible might not be good for growing the business or encouraging a shrinking pool of paying advertisers to rent more space?

After the election of Trump, the newspaper changed its slogan to “The truth is more important now than ever.” For someone to espouse such bitter hatred so candidly in social media forums which have a half life of infinity, her truths are for all to see. The truth in The NY Times’ slogan is also on display.

How could The NY Times possibly hope to uphold the highest levels of ethics and moral high ground by defending her? In her press blurb the paper is effusive with praise citing, “Sarah has guided readers through the digital world with verve and erudition, staying ahead of every turn on the vast beat that is the internet.“ It is also quite telling that Twitter didn’t think she broke the very standards that would see conservative voices banned for far less offensive tweets.

CM wonders what the Harvard Law School has to say about its deeply talented alumni who served as Editor of the Journal of Law and Gender? Perhaps she just missed the ethics classes because she was too busy battling to make sure the correct pronouns were used in the articles on identity politics.”

Now the NYT has terminated her contract. Undoubtedly her contribution was as empty as her Twitter bile. She will now be a contributor, a rather large downgrade from being on the editorial board. She tweeted about the NYT paying attention to subscriber numbers, something the paper might have considered at the start.

Maybe her impact was one which didn’t ring the turnstiles at NYT. It is likely the same reason why The Guardian begs for charity instead of coming to terms with the fact that the content maybe the problem.

Note NYT is offering Aussies an 80% off subscription deal for a year.

Poor kid

This is what happens when poor Greta Thunberg hasn’t got a script given to her by her captors. One would have thought with the Oscar winning performance of several days ago she would have the conviction to respond with a bit more fire and brimstone with respect to making demands of Trump.

It is so sad to see her exposed like this because in the end she is a vulnerable teenager who means well but is suffering immense harm being used as cannon fodder in the hyper-political snake pit.

How dare they. #setherfree #freegreta

In an impeachment mud wrestle, the safest bet is on Trump

Image result for mud wrestling stripes

The Democrats currently have 6 congressional committees investigating Trump. Six. They are looking like a complete laughing stock, once again trying to find a smoking gun where seemingly none exists. The mainstream media was as ever compliant, fuelling their blood lust set off by chronic Trump Derangement Syndrome. Releasing the unredacted phone transcript with Ukrainian PM Volodymyr Zelensky shows once again how Trump always ends up the favourite in a mud-wrestling contest. One would have thought the Democrats would get this by now. Yet they fall for it every time.

If one reads the transcript, it seems that Trump asked about having Zelensky look into the possible shenanigans surrounding the 2016 election and Joe Biden’s son’s alleged corruption with Ukrainian oligarchs in 2015. There are no quid pro quos made, something even the left-leaning NYT admits.

Pelosi seems to have buckled to her party to flip-flop on impeachment. Instead of waiting for the telephone conversation to be released, which Trump promised he’d do, she seems to have acted in haste. Unless she thinks retired Vice Admiral Joseph Maguire’s testimony opens a whole can of worms which could lead to their ultimate wish, as it seems they realise 2020 is sunk by conventional methods.

There is a touch of irony that it is only Tulsi Gabbard, a Democrat presidential nominee who seems to favour the American people deciding rather than a bunch of politicians who haven’t got over the fact that Clinton’s coronation never came to be. Gabbard said,

“I believe that impeachment at this juncture would be terribly divisive for the country at a time when we are already extremely divided. The hyperpartisanship is one of the main things driving our country apart…I think it’s important to beat Donald Trump, that’s why I’m running for president…But I think it’s the American people who need to make their voices heard making that decision.

Impeachment still requires a 2/3rds vote in the Senate which is highly unlikely in the Republican-dominated upper house. That will require at least 20 Republicans to side with the Democrats to remove Trump. What the call for impeachment will do is likely finish off ol’ Joe Biden from the race. He is far too centrist for the left of the party in any event given it has been hijacked by the hard-left.

Ultimately Trump may relish the thought of a protracted impeachment battle that ends up showing no evidence yet exposing that Democrats as being more intent on pursuing vendettas than helping the very people they’re elected to serve.

One thing is for sure, Americans are growing tired of these antics and impeachment hearings will only make the chance of turfing Trump in 2020 that much harder, despite several Democrat-held states introducing legislation to bar Trump from the ballot paper should he refuse to release his taxes.

As Napoleon Bonaparte once said, “never disturb your enemy when he is making a mistake.

You have a choice how to burn your superannuation

Signals like this make CM smile. In what is already a crowded trade, on what basis is it worth shoving more struggling retirement dollars into over valued virtue signaling companies with dim prospects in the coming cycle? Better off rolling tobacco in $5 bills and setting it alight.

As CM wrote last week, tobacco companies (amongst the least ethical) have chronically underperformed and in a market fighting with macro contagion risk, high-yielding stocks that are despised make a lot of sense when money comes looking for mean reversion.

British American Tobacco (BTI) is trading at $36.29 almost half the level of two years ago. Now at 1.02x book value and a 7.3% yield.

Philip Morris Int’l (PM) is at $71.20, down from $122.90 in 2017. A 6.4% dividend yield.

Imperial Brands (IMBBY) at $26.58 down from $55.55 in 2016. A 9.2% yield.

JT is less than half its 2016 number trading at $21.36. A 6.45% yield.

Philip Morris doesn’t have a vaping business but it appears with all these bans in NY etc that nicotine-addicted vapers will switch back to the old school.

No one will ever invite you to a decent dinner party again if you mention that you have a super fund that is up to the gunnels in woke corporations.

Buy tobacco.

School Climate Strikers demand McDonalds

Good to see that kids are still kids. Before demanding we selfish adults take climate action immediately, they obviously need to fuel up on McDonalds, a brand that represents the complete anti Christ of their cause. Dipping nuggets into plastic BBQ sauce bowls, eating from cardboard hamburger boxes and drinking from single use waxed paper cups and plastic straws all stuck in a disposable paper bag.

Tells us all we need to know. The saddest thing is these kids are blissfully unaware of their own hypocrisy.

It is more likely that a McDonalds diet will kill them way before Mother Nature does.