#redcard

If you’re easily triggered don’t join the military

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The Australian Defence Force (ADF) should never be actively trying to recruit spent cartridges to serve. What is the purpose to train people that don’t wish to step in harm’s way? Yet our top brass is hell bent on diversity and equality targets. Let’s not get the message confused. Those who actively seek to defend our nation with dignity and bravery deserve our highest praise and support. As written yesterday, it is absolutely clear that the project, even by the ADF’s own data and reporting, is failing. Instead of admitting defeat, the armed forces leadership believes doubling down is preferable.

The Navy thought serving RAN seamen painting fingernails pink in order to push the ‘100 Days for Change’ campaign was more virtuous than spending to defend our nation. Make no mistake, China’s military is not pandering to politically correct posturing. They must have chuckled at this overt display of weakness. President Xi wants to make his country the dominant, God-fearing player in the region and as far as displaying weakness goes Australia may as well hand over the keys to the Lodge.

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Speaking to people related to personnel in the Defence Department yesterday, the argument was that diversity is a good thing. When asked to defend the position the individual couldn’t come up with a credible answer. The strongest argument offered was that allow smoother integration into civilian life. Since when did it become a current employers role to help the transition of leavers? Surely the aim is to keep soldiers for the long term not support the 25% who are actively looking to quit.

CM posed a question back. Usain Bolt can run 100m faster than me. I’ve wanted to hold the 100m world record since I was a kid. In order to fulfil my subjective sense of self worth he should be forced to run 150m while I’m at 75m. It’s a stupid argument.  Much like a heavyweight male boxer fighting a female heavyweight in the quest for equality.  The man is likely win 100% of the time. Look at men identifying as women  making such a mockery of women’s sports. Let’s openly accept that I’ll never beat Bolt and there is no point pretending it. If the ADF want to celebrate diversity, embrace the existence of biological and  physiological differences. Stop this nonsense that “diversity is our strength”  because outside of diversity of thought it doesn’t.

Therefore “if” men happen to be more qualified in terms of strength, endurance, fitness, accuracy or whatever metric that is chosen, why shouldn’t they be recruited over women? If women prove to be superior than men on the same metrics then they should be hired over the men they beat.  As written yesterday, the ADF lowered the targets for women because they were too onerous in the hope the execution rate would be more easily achieved yet they missed by a wider margin. Instead of actively accepting fewer women are interested in a military career than men, males are actively discriminated against. Recruiters face demotion for not complying with big brother. In civilian life companies would be fined and face jail terms for operating similar structures. So much for equality!

It’s not rocket science. The military should never be a social experiment. Period. Our military leadership even wants to ban death symbols. Honestly if death symbols make our troops feel better morale then let them. What  surprise that our diversity programs are sinking morale to record lows? Even a large slug of female military  personnel don’t believe these programmes are effective yet we will push our Waterloo strategy.

CM is going to take a wild stab in the dark. War veterans or those in special forces must be rolling their eyes. Some SAS soldiers have confessed that in training, new cadets are able to raise a red card if they feel their instructor is being too harsh? Discipline is the most important part of a military. Following orders. Surely in the heat of battle a commander needs to be able to order troops to take a hill or position, not spend crucial minutes debating subordinates on the validity of the plan. If one is so easily triggered by members of the home team how effective could they possibly be in battle? Instead of waving a white flag why not waggle pink fingers to the enemy in the hopes they won’t be shot?

Time for the military to be handed back to professional soldiers not caught up in political correctness. If our enemies are “sons of bitches” best we become “total sons of bitches” rather than “fairies”.

Kobe ‘Steal’ – will the market referee wave a red card at what looks a lot like insider trading?

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If the referee caught Kobe Steel’s (5406) rugby team up to such foul play it is likely that players would be red carded. While unconfirmed speculation at the moment, it would appear that since September 21st Kobe Steel shares came under heavy selling pressure in what a seasoned market punter might suspect looks like insider trading via aggressive short selling. 7 straight negative candle sticks. Kobe Steel spilled the ball on its data manipulation on October 8th.

This would not be the first time that a broker conspired with a fund to short sell a stock ahead of a negative release on insider information where several weeks later news broke and sent the shares collapsing. This is the current action of Kobe Steel shares.

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So excluding borrowing costs or any leverage, if one had managed to short sell Kobe Steel at 1350 (on Sep 21) and brought back at today’s prices a quick fire 53% return would be gained.

The important question is whether the regulator will investigate any potential foul play when looking at the video replay. I will be asking this question directly to the Financial Services Agency (FSA) as I have been invited the regulator to give a speech on ways to improve Japanese corporate governance in a few weeks time.

This won’t be just a beat up of Japan’s corporate governance as foreign corporates have made countless scandals post the introduction of Sarbanes Oxley in 2002.  However it will aim to be a realistic overview of tolerating what seems to be endless preventable insider trading scams with paltry penalties of $500 and a slap on the wrists with a feather duster.

Until serious punishments for flagrant market manipulation are thrust front and centre in front of bewildered and annoyed (foreign) investors, the cynicism will remain that Japan is not a safe place to invest. Remember insider trading is effectively fraud. Perhaps your pension fund owns Kobe Steel in a global portfolio meaning that some shady investor has stolen your retirement to feather his or her nest.

Perhaps I should thank Kobe Steel for getting dirty in the ruck area to help the final presentation draft.

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What do we really want from an army?

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It is a serious question. What do we really want from our armed forces? We pay billions in taxes to hopefully arm them to the teeth with the best technology, skills, training and capabilities to win wars should we ever find ourselves in one. Victory is the only choice in war. The ideal scenario is to make the enemy fear you enough such as you won’t end up in battle. However the military should never be a place that is used to test social experiments.

Then why the push for making the military or any other emergency service anything other than the best? Gender balance and diversity are irrelevant. News has resurfaced that the Australian Defence Forces (ADF) are being set gender recruitment targets. It is insanity. Merit should be the only criteria. If 100% of them happen to be women based on merit then so be it but setting gender targets as a slated goal is obtuse. If more women wish to join the armed forces through desire, hunger and passion than men then that is expressing a clear will.

Eligibility standards are being lowered to help hit diversity targets. You can see the standards difference in these two charts posted by the ADF.

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Recruiters at the ADF have been told they must hire women or face relocation if they don’t comply. The recruiters say there are no jobs available for men in the in the infantry as a rifleman or artilleryman. But these positions are marked as ‘recruit immediately’ if a female applies. If a 50kg woman is in the artillery a 43.2kg M-107 shell is over 80% of her weight. An 80kg man would be lifting the same shells at around half of his weight. This is basic physics.

The West Australian newspaper reported one recruiter who said, “This is political correctness gone mad. I don’t care if it is a man or a woman – I just want to get the best person for the job.”

Yet the political correctness is promoted from the top. Defence chief, Air Chief Marshal Mark Binskin, stressed the importance of diversity for the ADF. “A diverse workforce is all about capability. The greater our diversity, the greater the range of ideas and insights to challenge the accepted norm, assess the risks, see them from a different perspective, and develop creative solutions.”

Let us not confuse diversity with skills. In WW2, the US Army employed Native American Indians to work in intelligence. The idea that their native tongue was next to impossible to decode if transmissions were intercepted by the enemy. The US military wasn’t making a diversity play to even out race, gender or religion. It was employing a clear tactical advantage to help win a war. Such intelligence is vital in planning battles and tactics. The enemy wants to know our plans in advance such they can ambush or counter. The Navaho language meant the Japanese intelligence forces were completely flummoxed and suffered huge losses as a result. The merit was the rarity of the Navaho language, a skill no one else had. Think of how hard the British worked at breaking the codes of the German Enigma machines at Bletchley Park. Skill is is the defining factor.

It gets more ridiculous. One senior retired military contact has said that those who are recruited are now allowed to raise a red card in protest if a drill-sergeant is offending their sensitivities. Seriously? Surely an army is as strong as its weakest link and if leaders can’t drill discipline into his or her troops what hope have they in battle? Perhaps they can just disobey orders and avoid a court martial because they deployed a red card on the battlefield. Surely no one joins the army expecting it to be a life of late morning lie-ins, frequent recreation and late nights at the bar.

The military should never be a social experiment. It is off limits. This is not to say women should not have a chance to join it. In fact the desire to serve one’s country is indeed an excellent trait to have but putting in place a system that excludes Victor, a fitness freak with a black belt in martial arts from joining the infantry, for Victoria, a lady with a BMI of 30 makes no sense. If Victoria is the black-belted gym junkie and Victor is a slob then of course it makes sense to recruit her.

At the end of the day with bullets whizzing around and artillery shells exploding around them it is not hard to envisage that every soldier looks to the person to the left or right of them wondering only about their capability to do the job, not celebrating the army’s pro-diversity drive. Anything that potentially damages morale should be avoided at all costs. Dropping standards for both genders is fraught with long term risks and turning the ADF into an organization that puts more emphasis on feeling warm and cuddly versus a gung-ho group of steely-eyed effective combat troops lowers our capability to defend.

We must move on from this politically correct nonsense because in the end it will literally kill us. Then again we are getting our submarines built in Australia, not because they will be better built but because our defence capability took a back seat to buying votes. Don’t think our enemies aren’t always keeping on top of our (growing lack of ) capabilities.