Investment

Biden faded fast and choked in the last section

First of all, Kristen Welker did a very good job as moderator. Even Trump praised her.

Joe Biden started off well but faded fast in the back half of the debate. He didn’t handle the saga around his son, Hunter, well. He sounded rattled and will only draw more eyeballs to the suppressed media coverage.

Trump explained his points far better that in the first debate. Getting rid of COVID in the first question allowed the more powerful points for Trump in the back half where he could made significant ground around the economy, foreign policy, race and health.

Trump executed well by slamming Biden for being a “politician” who promises stuff but doesn’t deliver. That he hasn’t achieved the things he proposes now in 47 years in politics or 8 years as VP. Biden even disparaged Obama by saying he can do things he wants if he is president.

When Biden raised Hitler in the debate, he started to back pedal fast. Why talk about Nazism?

Biden’s stupidity was to touch on $15 minimum wages to help small business. Is he nuts? What small business in trouble thinks that recovery will come through higher wages?

Biden asked people to fact check his position on fracking. He said he wouldn’t ban it in today’s debate but is on tape countless times saying he would. Too easy to prove he is lying. Biden’s renewables push was hopeless and Trump made it clear why the US doesn’t need to be in the Paris Accord.

At the very end Biden chucked the oil industry under the bus in the closing remarks of the climate change section. Trump pushed him and he took the bait to say he wants to phase it out for good. Surely not the thing to say in fossil fuel dependent swing states.

In summary, this election will be determined by “lived experience“. Nothing is more powerful than becoming irate at a politician telling you what you aren’t experiencing.

We think the actions of mostly despotic Democratic mayors and governors throughout coronavirus have sent a negative message about what happens when citizens lose control and cede power to law makers.

We still believe Trump has got this.

Capitalism wins again. NBA to take wokeness off court in 2021

As ratings have plummeted since these overpaid social justice warriors took to ramming politics down paying fans’ throats, the NBA has decided it will take its woke messages off the court next season.

In what must have been the most predictable outcome imaginable, money has finally spoken. The question is whether the fans will come back?!

As we often say, people who support particular causes are willing participants right up to the point they are mercilessly shamed for not expressing outwardly in a manner the apparatchiks demand.

How soon until NFL, MLB and NHL follow suit? #GetWokeGoBroke

Meghan inspired by Marxist BLM co-founder

The ever woke Meghan Markle is apparently looking to make a film about the life of BLM co-founder Patrisse Cullors.

Cullors, as we have written before, is a self-professed Marxist who wants to destroy the nuclear family and end capitalism.

Never mind. Sources close to Meghan said,

Meghan has been blown away by the incredible work Patrisse has done. She thinks her story needs to be told — and she would love to be the one to make it.

Harry & Meghan said, with respect to the Netflix deal, “Our focus will be on creating content that informs but also gives hope…As new parents, making inspirational family programming is also important to us.

We’re not quite sure how a hateful ideology that wants to destroy traditional family values and capitalism are the sorts of thing that align to a couple raising a kid in a multi million dollar mansion.

We’ll be more inspired when Meghan gives up all the perks, moves to subsidized project housing while giving away Archie to be raised by faceless community leaders to fulfill Cullors’ socialist utopia. We thought not.

Minny City Council panics as crime surges

Who ever would have guessed?? How could the Minneapolis City Council predict that calls to defund the police would lead to a 55%YoY surge in arson? Or murder, carjackings, robberies or assaults???

These woke Democrats thought “reimagining the police” would just work. What happened to the army of social workers who had the skills to reason with an irate 350lb armed narcotics dealer chasing up accounts receivable from his financially constrained customers?

Minny City Council President Lisa Bender, who led the charge in the initial calls to defund the MPD, complained that the law enforcement officers were being defiant by not answering the calls of constituents.

As we pointed out in June, Lisa Bender tweeted,

If you are a comfortable white person asking to dismantle the police I invite you to reflect: are you willing to stick with it? Will you be calling in three months to ask about garage break-ins? Are you willing to dismantle white supremacy in all systems, including a new system?

So no Lisa, three months later they want more police.

“Policy wonk” council member Phillipe Cunningham said,

What I am sort of flabbergasted by right now is colleagues, who a very short time ago were calling for abolition, are now suggesting we should be putting more resources and funding into MPD.”

Who knew?!

Peaceful protestors attack a Ronald McDonald House with sick kids inside

All class. Rioters decided that terrorizing sick kids and their families inside a Ronald McDonald House in Chicago was a thing.

Lisa Mitchell of Ronald McDonald House Charities said staff were “frightened” and families were put under “additional stress and worry” over fears that they wouldn’t be able to get to the nearby Lurie Children’s Hospital if necessary.

We hope karma is swift for these ‘peaceful protestors.’ Utter bastards with zero morals.

380 million reasons to feel oppressed

Mookie Betts (middle) has just signed a $380 million 12 year contract with the LA Dodgers baseball team. We don’t doubt his abilities.

Betts has agreed to make a charitable contribution of $100,000 annually out of the $27m he makes per annum. The egregiously unfair part of the deal is that he will be forced to stay in 4/5-star hotel suites while on road trips.

Imagine what he might have received if America wasn’t so systemically racist?

Cynically, one wonders whether kneeling for the BLM movement, while Marxist in its roots, might end up helping the agents of minority players leverage woke teams to offer even bigger paydays to atone for decades of oppression? Good on them if they can exploit capitalism for their own benefit.

We just hope these teams factor in the possibility that turning sports into politics may end up eroding the fan base by such an extent that they may end up unable to honour the deals to maturity.

The things we do for ESG inclusion

You know, whenever we encounter racism, sexism or homophobia, the very first thing that pops into our head to lead that fight is Halliburton. The things companies will do to boost their ESG/SRI and CSR scores.

If Halliburton feels so strongly about it, perhaps they should cease all dealings with those Middle Eastern countries where homosexuality carries the death penalty. We are confident the shareholders will approve giving up 28% of revenue. Although to be fair, Halliburton did specify there is no place for it at Halliburton or America. Anywhere else must be acceptable.

The hypocrisy. What next? A commitment to go carbon neutral?

Supply Chains: Ditching China

Yet more evidence of global supply chains looking to diversify. The US Pentagon is investing in a processing plant with Aussie company Lynas to break China’s stronghold on rare earths.

Several months back the Japanese government put out a $2bn package to incentivize companies to pull production out of China back to Japan.

We have invested in a company called Jervois Mining (JRV) in Australia. JRV has a cobalt mine in Idaho. Cobalt is one of the core ingredients used in EV batteries. We think China’s current 80% global share in cobalt refining supply will be the next pin to fall. The investment in US-based domestic capacity is the logical next step. Seems like a no brainer.

NB this doesn’t constitute financial advice.

WNBA – Why NoBody Attends

WNBA

We went back through the data to see just how the WNBA stacks up against the NBA. It came as no surprise to see it reflect other sporting codes like football. The men’s game has been at it longer and has 123x the revenue of the WNBA to prove it.

Over the years we have compared the USWNT vs the USMNT and the Socceroos vs the Matildas soccer teams to make the case for why there are discrepancies. These are just published facts. Data.

As an aside we have always advocated paying women more than men if the viewership reflects that – championship tennis is a case in point. We also made it clear at the time of Serena Williams’ tantrum that the statistics showed umpires were harsher on men than women over the last 20 years, even though she claimed the opposite. Once again, facts matter. Not feelings.

Put simply, when fans are asked to put hard money down, both men and women tend to support the male codes more than the female versions. It isn’t sexist. It’s the commercial reality. That translates to advertising and sponsorship dollars too. It is a virtuous circle that can always become vicious.

We think the WNBA’s political stunt which involved players walking off the court before the national anthem was played will backfire spectacularly and alienate what few viewers the league has managed to accumulate. It was a choice that the woke league backed. They should live with the consequences and not cry foul should attendance drop.

An article written by Sarah Ko about the WNBA ended up debunking her own argument. Essentially the men were all ego and money but the women were all just celebrating the love of the game, not the paycheck.

Then Ko spoke about the recent event where the WNBA complained that they only take 20% of the winnings when the NBA teams took 50%. Could it be that there is a bare minimum level of cost to run a league – salaries, administration, marketing and promotion- that would be drastically curtailed if the players got their wish, which ultimately would see them paid less over a lifetime.

Ko also mentioned that WNBA tended to have older fans. At some point, the WNBA administration has to make a commercial decision about how to broaden the supporter base. Having its players cynically hijack a social justice movement to gain attention to boost its audience numbers is risky. Writing ‘Black Lives Matter‘ on the court won’t help either. Why do they only advertise the names of dead black females? Don’t all female lives matter?

Sport has always been a great distraction from the stresses of daily life. Fans will desert in droves when the very identity politics they went to the game to escape are rammed down their throats before a whistle has been blown.

The ultimate irony will be when the very capitalist system they expected would boost their pay clashes with the same hand they bit to feed it.

Cuomo Chips Cancelled by NYS Gov Cuomo

Listen up New Yorkers! Governor Cuomo has said that bars must serve more substantial meals than just a bowl of chips to qualify being within NY State health guidelines.

This all started when bars, desperate for business after months of lockdown, to get patrons in by offering cheap nibbles to poke fun at more party pooper legislation.

At the time, what constituted a meal was vague so a bar in Rochester, NY invented ‘Cuomo Chips‘ for $1 to provide an innovative way to not burden cash-strapped customers ordering a full priced meal.

Ah, but Cuomo had to stay in their pocket. Forget if patrons just wanted a refreshing beer after a hard day’s work. They must eat something that he tells them is appropriate. Cuomo Chips don’t qualify with State Liquor Authority rules!

Seriously, are there any adults left in the room? Can bars and restaurants be allowed to operate menus as they see fit without another list of onerous regulations to comply with?

What a joke. Oh, LA is following similar guidelines. You’ll never guess which party is pushing these rules? Would you believe Democrats? Who knew?