#virtuesignalling

Tesla HK sales in July-Aug just 2 (yes, just two)

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Here we can see the progression of Tesla sales in HK after the subsidies were removed. Of course the 3,697 number is front loaded but the poor Tesla dealer must be twiddling his thumbs dreaming of a sports car that can do 1.9 second 0-100km/h times in heavy HK traffic. 2 sales in the July-August period. Indeed the incentives were generous but just goes to show that the true virtue signaling power of those living in HK is dictated by displaying the wise use of capital than frittering it away trying to save the planet.

Boy Blunder

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Is it any wonder Canadian conservatives call him Boy Blunder? It’s a struggle to see what he’s achieved. When he made a UN speech a day after Trump’s full house,  Trudeau had a two-thirds empty assembly to listen to him talk about all the irrelevant socially responsible UN sustainability goals achieved by Canada that will add zero to its economy. Isn’t it an irony to be following the “programmes” put forward by such an incompetent bunch of unelected and wildly overpaid bureaucrats who are not only hypocritical in the extreme but unaccountable.

One really hopes US defunding cleans up the warped and twisted mindsets at the UN to a body that actually has some worthy agendas rather than the group think that pervades its ranks. Trudeau reinforces what is so wrong with the UN. Hardly anyone showed up because they know he’ll just espouse the same rubbish they do. If they were truly behind his brand of politics it would have been standing room only.

The irony of Trudeau is in the fight for justice (aka Superman) the ethics commissioner must have kryptonite such is the reluctance of him and the Finance Minister Morneau to come clean with how their private businesses escape all the taxes they’re imposing on the rest of the middle class. MP Candice Bergen continues to tear strips off them but she is no Cat Woman.

Tesla – Aussies will remember One.Tel

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Before mobile telecoms provider One.Tel went bust, it had a cash flow situation like this – operating and investing cash flow negative while financing cash flow was positive. Tesla’s looks eerily similar. The problem is simple. If operating cash flows keep falling and investing cash flow keeps rising, at some stage the ability to raise cash (i.e. financing cash flow) becomes problematic. On the basis of Musk’s Q3 tele-conference Q4 cash position is likely to be worse with milestone payments and production being way behind forcing even nastier cash flow headwinds.

The problem Musk faces is that the federal tax credit is coming to an end sometime next year. Currently in California, you get $2500 kick back for buying a Tesla Model 3 on top of your $7500 from Mr Trump. So $10,000 off meaning your $35,000 Tesla only costs $25,000 (29% off). However if the tax incentive is cancelled at the federal level, the $35,000 Tesla is only $32,500 (7% off) meaning some of the 455,000 outstanding orders may wither on the vine. Remember how the virtue signalers in other parts of the world have reacted when generous EV subsidies come off. In HK, orders after the tax break was ended fell to ZERO and in Norway they plummeted 94%.

So Tesla isn’t just running a race against time to get production sorted to stop the cash bleed it faces a double whammy of its pitiful production rate causing order cancellations when people realise that The Donald may have already burnt the federal tax scheme by the time it lands on the dealer forecourt.

What buried One.Tel is that it owed suppliers so much in payments for equipment yet its cash in from customers was not growing fast enough to stop the wave of cash leaving. Tesla may indeed face the predicament of customers demanding the $1,000 deposits back. What was it Musk said about burgers (you can find out on page 6 here). Better start flipping them burgers Tesla!!

The signals of true intentions on climate change…“don’t raise my fuel prices!”

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This was a poll last week in Australia showing the majority would prefer cheaper electricity than to save the planet. I recall a study before GFC and after it showing the relative rank of ‘climate change’ as a serious issue. It was a Top 10 concern for voters pre GFC and slipped to last place (out of 25) after it. Yes, human nature and the will to survive trumps everything.

So according to Rasmussen Reports,

The Trump administration is considering raising the gas tax for the first time in 24 years to help pay for a one trillion dollar infrastructure plan, but Americans unsurprisingly are not on board…A new Rasmussen Reports national telephone and online survey finds that 54% of American Adults do not think the government should raise the gas tax to help meet new transportation needs. Just 33% think the government should raise the gas tax, but 13%”

At least the $7,500 subsidies to buy EVs will be repealed next year. Not that it will save the government too much. A lot of people with Tesla Model 3s on order are banking on the tax break so if they don’t roll out quick enough their $25,000 car will soon be $32,500.

Let’s hope the Feds don’t take the same biases in investigations

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Here we go again. The slippery slope of ‘diversity’ which does everything else other than promote inclusivity because by its very nature it is all about singling out exclusivity. The Australian Federal Police (AFP) brazenly states in its recruitment campaign that they want to get to 50/50 women. Of course there is no issue with hiring women. No ifs or buts. If you are a male, your chances of joking the AFP will be diminished no matter how qualified you might be. What has gender got to do with work performance, let alone the desire to ‘protect and serve’? In most police forces around the world the split is 70/30 men/women. Maybe it is just reflective of individual choices in careers rather than women being selectively discouraged?

The AFP wrote in response to their post,

There’s been a lot of commentary on the fact that we’re targeting women with this recruitment. We’d like to clarify a few things.

In the AFP, women currently comprise 22% of sworn police and 13.5% of protective security officers. Our goal is to increase this proportion to 35% in both streams by 2021.

Today’s ‘special measure’ recruitment action is designed to supplement our current recruitment process – we already have a pool of suitable male and female candidates who applied recently.

This action we’re taking will provide us with additional female candidates. It’s not going to displace existing recruitment pools and it will require applicants to meet all the existing gateways.

Under Section 7D of the Sex Discrimination Act, the special measures we’re taking to achieve substantive equality between men and women in this organisation are legal.”

This lame excuse is yet another spineless rolling over to pander to political correctness. If. 20 candidates apply for 10 positions and there are 10 men and 10 women, wouldn’t it be best to hire 10 women if they were better qualified for ability than the 10 men? Or vice versa? So hire 5 extremely qualified women and 5 inept males just to keep a balance?

Last month CM spoke of the same garbage ‘diversity’ argument in the army.

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.”

So once again we are told to view this nonsense as completely acceptable. That the AFP puts gender above ability. Ability and passion are all that matters. Shame on the AFP for having a blonde white woman instead of one from a coloured background for maximum virtue signaling mileage. For all of the AFP’s expertise in forensic science it is an embarrassment to see them use a most flawed identikit for recruitment.

So what is next after the 50/50 target is hit? After all the AFP seeks to match society. Surely what follows is balance in sexual orientation, faith, race and other irrelevant aspects which should be irrelevant to job performance – all in the name of diversity – what a joke. Let men and women chose the AFP of their own volition and take the best of the crop.

Welcome to the nanny state.

National Re-education League (NRL)

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Welcome to the world of assigned re-education.  The sanctimonious ritual of blatantly using a venue to promote one side of any debate. In Australia the NRL (National Rugby League) has decided to have Macklemore as half time entertainment at the Grand Final to sing  “Same Love”. For all the lame excuses as to how his song has zero to do with the same sex marriage (SSM) debate Macklemore has been on the radio waves in Australia banging on about the tweets he’s getting from white homophobes. If the “No” side gets up in this plebiscite I’ll have absolutely no sympathy because this finger wagging just has the opppsite impact of the goal it seeks to achieve. People just get tired of the name calling and in your face campaigning. Trump, Brexit, Merkel etc – if the onslaught continues people tune out and vote in secrecy. Then people are shocked? How clear can it be? I’ve yet to meet a person that likes to be on the receiving end of condescending talk

Let’s not forget I firmly believe in civil rights. That has never been in question but it’s the blatant propaganda that is tiring  (for most people). There is one issue which is clearly defined. This isn’t an election. We are not debating energy, housing, taxation, poverty or superannuation ahead of an election yet it’s day in day out. If indeed the “Yes” side has already claimed an emphatically victory then why not just give it a rest. No no  we must have the rainbow flags flown on the town hall, rainbow stickers on the work security gates and now the Finals – non stop

Why doesn’t the NRL have Kevin Bloody Wilson sing for the “No” case? Would the NRL allow a gospel choir group singing about “we are family” a la Aretha Franklin? Of course not.  There in lies the issue. Why can’t sports finals be just that instead of propaganda filled events.  Once again 99.999% of the population have already made up their minds over the subject so this is just senseless droning. PM Turnbull was on ‘The Project’ lamely submitting to the idea Macklemore’s just an entertainer and people are reading too much into his song.

To be honest – whether yes or no – the subject should be well and truly kept out of sporting events. It is the obsession with people claiming “free speech” therefore it should be fine.

OK I’ll be knocking on your door at 9:30pm with yes campaign leaflets and a ghetto blaster playing Macklemore on reasonable volume because it’s free speech and it isn’t disturbing the peace legally. So if you think it’s ok to re-educate me at the footy. I feel it’s ok to re-educate you at home. “Sorry, did I wake the kids?”

The idea of watching the game is to get away from the grind of work, stress, financial woes and so on. Now that sanctuary is being destroyed because indoctrination is part and parcel of everyday life. Shut up and submit!

National Felon League (NFL)

It changes the moral high ground on the debate on the NFL when dragging it down into the statistics of the players themselves. Perhaps some players are taking a knee to stop themselves being held accountable by the very laws they break. 713 different players between 2000-2014 have been arrested, Shocking list of charges – rape, murders, shootings, animal cruelty, prostitution rings, assault, robbery, illegal gun possession, DUI, resisting arrest and so forth. So ask yourself why fans might get turned off being lectured to by these social justice footballers? Great role models.

Makes the NRL in Australia look like a bunch of choir boys.

With pay TV viewership and game attendance continuing to fall (according to Nielsen) we are seeing some team owners like the Steelers begging fans to accept it’s just a misunderstanding and sponsors like Nike sticking up for the NFL because they want to make sure their investment sustains a return. Budweiser will be the big swing factor on the NFL. It proudly promotes it has 11,000 veterans working for it. Pepsi, Budweiser’s Anheuser-Busch InBev paid $1.4 billion to sponsor the NFL out to 2022. When AB InBev first inked this deal in 2011 (to last through the 2017 Super Bowl) it paid $1.2 billion. Not small pennies. DirecTV has announced they will give full refunds to customers who want to cancel their NFL channel. Of course DirecTV will be asking the NFL to cover the costs of that.

No matter what one’s views are, the NFL will live and die by their actions. As mentioned yesterday, taking a knee is now so commonplace it is actually no longer seen as the protest it was originally done for. Then again, all the NFL is bringing on itself is the double standards of many of its players.