Poverty

Bernie voters by age group in New Hampshire

Yet more old people who clearly must not get it.

Another example highlighting how the current generation believe that they’re smarter than the previous one as well as the one that will follow them.

Ricky Gervais’ thoughts on The Oscars

Ricky Oscar

Ricky Gervais true to form in forecasting the hypocrisy that will emanate from the 2020 Oscars.

Hollywood has really lurched towards the “woke” genre. Sadly, audiences have little appetite.

Some notable flops in 2019 were:

“What Men Want”

The gender-swap comedy scored $54 million at the U.S. box office. Taraji Henson replaced  Mel Gibson, playing a character who can read what men think. The “What Women Want” comedy of 19 years ago racked up $182 million at the domestic box office.

“Book Smart”

Arguably the most progressive comedy ever made – looking at empowerment, virtue signalling and feminism. It only managed a $22 million haul.

“Long Shot”

Seth Rogen and Charlize Theron mock Republicans and embrace social justice. Audiences avoided it –  $30 million.

“Charlie’s Angels”

Elizabeth Banks, an actress-turned-director told reporters her movie would strike a blow against the patriarchy. Banks said, “Look, people have to buy tickets to this movie, too. This movie has to make money. If this movie doesn’t make money it reinforces a stereotype in Hollywood that men don’t go see women do action movies.”

Tanked with an opening of $8.6 million in the US.

“Late Night”

The movie feminizes the already left-leaning Stephen Colbert’s “Late Show” – $15 million box office.

“Terminator: Dark Fate”

Box office grosses for the franchise have been in free fall as it goes down the woke route. Arnie is no longer there to rattle off corny one-liners.

———

It should appear to Hollywood that movies about real-life stories are the ones that seem to resonate most with audiences – Titanic, The King’s Speech, Argo and A Beautiful Mind. These 4 films grossed $1.04 billion at the box office. It has been 12 years since Hollywood has had a fictional film it chose for itself beat the worst of the 4 movies based off real stories in ticket sales. It has been 15 years since having a proper blockbuster like Lord of the Rings which is arguably pure fantasy and extends to child audiences.

Films are of course subjective. One film one person may enjoy, others may not share the same view. It is interesting though that $100m box offices were a cert for an Oscar Best Picture award til 2004 after which it has been hit and miss since. 9 films in the last 13 have failed to breach $75mn. So instead of Hollywood being so preoccupied with espousing politics, perhaps it should look to the audience it ‘preaches’ to and starts ‘reaching’ them instead.

Telstra’s CEO should close down operations to be on the right side of history

Telstra CEO Andy Penn has suggested that climate change will be the “defining challenge” of the decade but proclaims he doesn’t want to be drawn into the government policy debate. 

He has called for “more urgent action on climate as changing weather patterns deliver more frequent bushfires, floods, droughts and storms” at an American Chamber of Commerce lunch yesterday. 

What a pity that the UNIPCC’s March 2018 report on weather extremes (with respect to anthropogenic induced global warming) contradicted Mr Penn:

“…There is low confidence in observed trends in small-scale phenomena such as tornadoes and hail because of data inhomogeneities and inadequacies in monitoring systemsin some regions droughts have become less frequent, less intense, or shorter, for example, in central North America and northwestern Australia. There is limited to medium evidence available to assess climate-driven observed changes in the magnitude and frequency of floods…low confidence for the attribution of any detectable changes in tropical cyclone activity to anthropogenic influences..low confidence in projections of changes in extreme winds.. low confidence in projections of changes in monsoons…low confidence in wave height projections…overall low confidence because of inconsistent projections of drought changes…low confidence in projected future changes in dust storms…low confidence in projections of an anthropogenic effect on phenomena such as shallow landslides.”

Never mind what the scientists ‘actually’ think. Just run the narrative of the activists instead to prevent Extinction Rebellion nutcases from super glueing themselves to the lobby entrance. FNF Media could indulge you on what the scientists actually think of the IPCC. For those interested please see the link here. Spoiler alert – it is exceedingly critical.

Mr Penn said that businesses and individuals should become aware of their carbon footprints. He admitted Telstra is one of the biggest consumers of electricity in the country as data storage needs explode by up to 50% per annum.

If it is such a massive concern, Penn should put Telstra’s shareholder money where its mouth is and charge customers extortionate fees for data storage and data usage such that he can force them to lighten their evil digital-driven carbon footprint. That way he can slow his electricity consumption. Then, Telstra can await all of those woke customers fleeing Vodafone and Optus in droves to sign up for inferior service for more money. Not quite sure what shareholders would think of that…

Even better he could suggest to the board that they close the business for good for the sake of the planet. After all, by going the whole hog he can sleep safe in the knowledge that his kids and grandkids will know he was on the right side of history (the standard alarmist playbook) before we’re swept away by the rising sea levels. Think of all that energy saved.

Unfortunately, we’ve seen this vacuous corporate virtue signalling tokenism before. Who could forget the comments made by Josh Bayliss, the CEO of Virgin Group? He said,

“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”

Why didn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience via flight shaming and do the right thing why not force their choice? The obvious answer is that it’s hypocritical in the extreme.

The International Air Transport Association (IATA) has already positioned behind the flight shaming movement to do its bit for climate change. In a two page flyer, it covered the idea that we reckless passengers must consider our carbon footprint but at the same time help the U.N. raise $40bn in taxes, sorry ‘climate finance,’ between 2021 and 2035.

The Carbon Offsetting & Reduction Scheme for International Aviation (CORSIA) is the vehicle which the UN’s International Civil Aviation Organization (ICAO) intends to liberate us from our sins and help fund the waste so endemic in the NY based cabal. Wherever the UN is involved expect a sinister agenda behind the virtue.

All airlines have been required to monitor, report and verify their emissions on international flights since Jan 1, 2019. Operators will be required to buy “emissions units” from the UN. If one asked the UN would it prefer emissions to be cut or taxes to be raised, it would select the latter every time.

Still, the easiest way to gauge public fear on climate change is not via a biased think-tank poll but monitor individual consumption patterns. It isn’t just population growth, because it isn’t growing  at these rates. Three examples:

  1. Aircraft demand – In 2019, Boeing reported airlines will need around 44,000 new commercial aircraft worth $6.8 trillion by 2038, vs. 43,000 planes worth $6.49 trillion estimated in 2018. There are currently 25,830 commercial airliners in service.
  2. Smartphones – estimated that the number of global mobile subscriptions could be 13.8 billion in 2025 and 17.1 billion in 2030. The number of global mobile subscriptions has already reached 6.7 billion in 2013. Smartphones will grow from 6.3bn units in 2020 to 12.1 billion by 2030.
  3. Energy Consumption  – the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Energy consumed in the buildings sector (including residential and commercial structures), increases by 65% between 2018 and 2050, from 91 quadrillion to 139 quadrillion Btu. Rising income, urbanization, and increased access to electricity lead to rising demand for energy.

So good luck trying to get people to feel awkward about their individual carbon footprints. They’ll be to busy charging their mobile devices while booking the next overseas holiday to the Maldives.

How the Bottom 50% in the USA have fared over the last 30 years

fredgraph (3)

Thanks to the SOTU, this chart from the St Louis Fed (FRED) gives us a great read across on how the Bottom 50%’s fortunes have fared over time.

Since the series began, FRED shows their aggregate wealth peaked in 2Q 1991 at $4.3 trillion. In Q1 2009, that net wealth plummetted 61% to $1.7 trillion. It sunk to a rock bottom of $300 billion in 2Q 2011, 93% down.

Under Obama, net worth for the Bottom 50% declined from $1.7 trillion in 1Q 2009 to $1.1 trillion, down 35% over his two terms. This might do some explaining as to why the “forgotten” wanted large scale change.

Under Trump, the latest net worth is back to $1.6 trillion. Still well off the highs of 3-decades ago, but one imagines if things keep improving out to November, then these people won’t want to risk their fortunes reversing again.

Of course, many will ponder the unfair wealth gap of the Top 1% at $34.5 trillion in the latest figures.

Democrats should be outraged that the ultra-wealthy have done much better under Obama with a 100% gain in net worth under his term vs the paltry 15.3% so far under Trump. Is this the real reason why Nancy Pelosi is so upset?

If you want to see how much members of Congress are worth please check out Roll Call. While some politicians come from inherited wealth, many on the public purse have managed to do pretty well on a paltry government salary.

Obama vs Trump – Gallup Poll

Gallup has released the following poll which compares America at the end of the Obama-Biden second term to the Trump-Pence presidency to date.

Under Trump-Pence, the economy is better (+22 points), the country is more secure against terrorism (+18), the military is stronger (+15), the streets are safer (+9 points).

Race relations advanced 14 points, from 22% at the end of the Obama administration to 36% this month. Blacks and other minorities are recorded 9 points better off under Trump than Obama.

Decreased satisfaction vs Obama for the Trump team was as follows:

Abortion -7%

Immigration -6%

Environment -6%

All in all, the net satisfaction of the 27 categories saw the highest number since 2005.

As all politicians know, “it’s the economy, stupid!

The survey was conducted across 1,014 people. How representative of 330 million? What needs to be pointed out is that the survey is consistent in the number polled over the years. The numbers are so strong that some might question whether there was a large Republican bias.

If the poll is remotely accurate, the Democrats must question how they tackle the mood over the coming 10 months given the impeachment saga and a field of disjointed candidates.

Surely there must be some mistake?!

Has the World Economic Forum (WEF) taken leave of its senses? Not even we think President Trump is a “world-class speaker” despite his capacity to draw huge crowds and make us all sit up and listen. There is a touch of irony to see Trump included by the WEF in this category. Poor old Al Gore will speak but presumably dud predictions has put him on the B-list.

A brief study of the upcoming live sessions published by the WEF reveals it isn’t hard to work out what an utter waste of aviation fuel the summit will be. Woke causes feature broadly. See the following list of live streams available;

The 26th Annual Crystal Award Ceremony

Join us in honouring exceptional Cultural Leaders who are improving the state of the world through their outstanding contributions to inclusive and sustainable change.

Redesigning Democracy in the Digital Age

From data dignity to quadratic voting, join economist and best-selling author Glen Weyl for an exploration of radical solutions to societal decision-making in the wake of unprecedented technological change.

The Fight for Artistic Freedom

Join Wanuri Kahiu on her journey from filmmaker to unintentional leader for freedom of expression in Kenya after her film.

On Music and the Human Spirit

On the 250th anniversary of Beethoven’s birth, conductor Marin Alsop shares lessons on how music can help cultivate joy in the darkest of times.

The Reality of Racial Bias

From politics to the public sector and from housing to education, racial bias perpetuates a crushing structural disadvantage for people around the globe. Join Phillip Atiba Goff as he illustrates how data and evidence-based approaches can be used to turn racial bias into a solvable problem.

The Role of Faith for a Cohesive and Sustainable World

Eighty-four per cent of the global population identifies with a religious group. With eroding social cohesion and near climate breakdown, how can the power of faith foster a cohesive and sustainable world?

Musical Moments: Yo-Yo Ma plays Bach’s Cello Suite No. 1

Cellist Yo-Yo Ma, 2008 Crystal Awardee and a member of the World Economic Forum’s Board of Trustees, performs Bach’s Suite for Solo Cello No. 1 to inspire a conversation about how culture helps us to seek truth, build trust and act in service of one another.

Free to Be (LGBTI)

Fifty years after the Stonewall riots in New York and the birth of the gay liberation movement, LGBTI youth still face rejection and discrimination, resulting in high mental illness and suicide rates among LGBTI youth. How can schools and families contribute to safe and inclusive environments for all?

Seeing the Other

Join photojournalist Rena Effendi to learn about her mission to give a voice to the voiceless through her collection of portraits and places celebrating the strength of the human spirit. Rena Effendi is a Fellow of the New Narratives Lab, a mentorship programme dedicated to fostering a new and diverse generation of cultural leaders.

An Insight, An Idea with Jin Xing

A conversation with choreographer and 2020 Crystal Awardee Jin Xing on her journey from male army colonel to one of China’s most influential female TV personalities.

The Power of Youth

From the 2018 March for Our Lives fighting for gun control in the US to the Global Climate Strike in 2019, young people are mobilizing and increasingly influencing today’s most pressing political and environmental issues. How can these movements transform their will for change into action?

The Beauty of Inclusion

Join Thando Hopa, the first woman with albinism to appear on the cover of Vogue, on her journey to unearth the missing stories needed to achieve equality for all persons. Thando Hopa is a Fellow of the New Narratives Lab, a mentorship programme dedicated to fostering a new and diverse generation of Cultural Leaders.

A Conversation with will.i.am

Join a conversation with musician will.i.am and young activist Naomi Wadler on the fight to end gun violence, and how they are influencing policy change and inspiring the next generation.

Augmented Voices

Join vocalist and researcher Harry Yeff, also known as Reeps100, who reveals our true range of communication and the hidden potential of the human voice.

How to Turn Protest into Progress

Anti-government protests fuelled by anger about inequality, corruption and political repression are paralysing cities and nations. How can movements transition from protest to political change more effectively? This session was developed in partnership with Tortoise Media.

Power of Narratives

Powerful narratives, consisting of shared causal and principled beliefs, are the prerequisite for human collaboration, yet also lead nations to war and move markets. How might societies co-create powerful narratives for a cohesive and sustainable world?

Being Out and Equal

While openness about being LGBTI at work increases well-being and productivity, more than half of the community avoids being open about their sexual orientation and gender identity in professional settings for fear of negative consequences. What are best practices to create open and inclusive workplaces for all? Access the Platform for Shaping the Future of the New Economy and Society on TopLink.

Although we shouldn’t be too critical of WEF. Economics does find its way into the subject matter.

Behind close doors, we note that Greta Thunberg will speak on a panel discussing “Averting a Climate Apocalypse“, Al Gore will speak on “What’s at stake: The Arctic” and Christina Figueres will speak on “Swapping subsidies for Green Incentives.” Precious little open-mindedness to be expected in those sessions.

Other topics will include the following;

After Brexit: Renewing Europe’s Growth

As the European Central Bank maintains interest rates at record lows, the economic forecast for the region remains weaker than desired. What will a new Commission and the eventual withdrawal of the United Kingdom mean for the European economy?

Shaping the Global Growth Agenda

In 2019, global debt levels soared to a record $250 trillion, alongside a “race to the bottom” for interest rates. What level of debt, inflation and interest rates are healthy for economies to grow?

Stakeholder Capitalism: Creating Common Standards for Social Excellence

From supply chain labour standards to operating in conflict-affected regions, navigating the social responsibilities of a company is a complex endeavour. What difficult decisions are chief executives facing in the pivot towards a broader social purpose?

In the face of all the dire predictions of climate doom to be reported by the media, we can be rest assured the assembled globalists will be telling our government officials that we minions stand the best chance of survival – economic, environmental and otherwise – if we submit to their superior intelligence.

50 years of Davoz. The Global Shapers will be the rope the Multistakeholders use to hang the rest of us with

Davos is upon us. That event where the world’s elite congregate via private jet and helicopter transport to tell the rest of us to reconsider our use of a second hand SUV to take the kids to soccer practice for the sake of the planet.

This event marks 50 years. What started as a good idea is now nothing more than a networking event for crony capitalists looking to exploit gutless governments into backing their schemes and ridiculing those that don’t sign up for multi-million dollar memberships.

We should applaud the World Economic Forum (WEF) for helping perpetuate the culture of systemically brainwashing our youth.

In the 2020 Global Risks report, we get the following table which highlights adults (‘Multistakeholders’) and the youth (‘Global Shapers’). Who knew that environmental issues took the Top 5 positions among the kids? Privacy be damned. Adults were more concerned with politics and trade wars. Hint hint President Trump.

The long term outlook produced even more drama. The adults seem to have appeased the kids on climate but their private jet powered life styles at the very least mention global governance failure and the risk of asset bubbles popping.

The youth on the other hand ramped up the global warming rhetoric to 11. The Top 6 concerns are climate and #8 turns out to be about climate refugees. That’s the result of a Marxist education, one that NZ is only too proud to boast about. Forget rational debate to engage kids on how to see two sides of an argument. They will be admonished for speaking out against the orthodoxy. Or doxxed on social media. Or both. Is it any wonder we have a mental health crisis?

Although it is worth mentioning that the deteriorating global economic fundamentals highlighted in the same report risk handing the kids their ideal utopia by way of a deep recession thanks to excessive global debt levels and low interest rates. It is unlikely these self-entitled ‘Global Shapers’ have ever contemplated, much less lived through such an outcome with all of their earth ending hysteria. Best tell them that if they pursue their dream of 100% renewables and zero carbon emissions they can bask in the shared misery of having let their teachers blindly mislead them by never challenging them on anything. Experience is a hard teacher. They’ll get the test first and the lesson afterwards. But such reality will be too late and take decades to fix.

Perhaps these ‘Global Shapers’ would do well to study the reasons why inequality and social upheaval will continue to grow if the world pursues the barking mad drive to decarbonise the world. The report even makes a point to talk of the disruption in France by the yellow vests. It noted,

In France, for example, the persistence of the “gilets jaunes” movement had caused businesses more than US$11.4 billion in losses by December 2019 and complicated the government’s plans for economic revival.

The yellow vests are protesting over regulation and climate related taxes.

Under the chapter of ’10 years left’, we got the following passage which is full of untruths as to beggar belief.

Governments, markets and, in an increasing number of societies, voters are awakening to the urgent realities of climate change—it is striking harder and more rapidly than many expected. The last five years are on track to be the warmest on record. Climate-related natural disasters such as hurricanes, droughts and wildfires are becoming more intense and more frequent, reportedly now averaging a disaster a week. Polar ice is melting more quickly than anticipated, with drastic implications for sea levels and coastal populations. Severe weather is worsening: the last year witnessed unprecedented wildfires and devasting storms across the globe, sea ice loss in the Arctic and record-breaking heatwaves in Europe.”

Yet how was it that Queenslanders voted to keep the incumbent government in power because of its support for a coal mine? Why is China committing to 300-500 new coal-fired power plants?

How is it that the UN has reported categorically that it has ‘low confidence’ on any shift in the behaviour of natural disasters? In the UNIPCC’s March 2018 report on weather extremes with respect to anthropogenic induced global warming) it says,

“…There is low confidence in observed trends in small-scale phenomena such as tornadoes and hail because of data inhomogeneities and inadequacies in monitoring systemsin some regions droughts have become less frequent, less intense, or shorter, for example, in central North America and northwestern Australia. There is limited to medium evidence available to assess climate-driven observed changes in the magnitude and frequency of floodslow confidence for the attribution of any detectable changes in tropical cyclone activity to anthropogenic influences..low confidence in projections of changes in extreme winds.. low confidence in projections of changes in monsoonslow confidence in wave height projections…overall low confidence because of inconsistent projections of drought changes…low confidencein projected future changes in dust storms…low confidence in projections of an anthropogenic effect on phenomena such as shallow landslides.”

Where is the evidence of 10s of millions of climate refugees fleeing rising sea levels an coastal populations?

Virginie K. E. Duvat of the Institut du Littoral et de l’Environnement, University of la Rochelle-CNRS, La Rochelle sponsored by the French National Research Agency; French Ministry of Environment, Energy and Oceans (MEEM) wrote.

Analysis “using tide gauges and satellites showed 30 Pacific and Indian Ocean atolls including 709 islands, revealed that no atoll lost land area and that 88.6% of islands were either stable or increased in area, while only 11.4% contracted.

This confirms a 2010 study by Webb & Kench which revealed,

that 86% of islands remained stable (43%) or increased in area (43%) over the timeframe of analysis. Largest decadal rates of increase in island area range between 0.1 to 5.6 ha. Only 14% of study islands exhibited a net reduction in island area. Despite small net changes in area, islands exhibited larger gross changes.

There is even reference to properties sold in Florida and the risk they become uninsurable. Then why is the Florida house price index at record highs?

What about record breaking cold waves in Europe and Canada? Unprecedented wildfires and storms? Not according to the data.

Unprecedented media sensationalism more like it.

One comment made in the report was the fact that 14x more women die than men during natural disasters. Is this proof there are only two biological genders or are the studies on non-binary deaths during disasters incomplete? This may have to be a separate break out session.

The report also issues this stark warning.

Aside from a number of vanguard first-mover champions, most companies, too, appear ill-equipped to address climate risk.

Ill-equipped or paying lip service?

Take Josh Bayliss, CEO of Virgin Group. He said,

“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”

Why doesn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience and do the right thing why not force their choice? The obvious answer is that it’s hypocritical.

Yet even our own ASIC feels the need to force the minds of corporates to deal with climate change. Forget the data that shows reporting on the subject has collapsed since 2011 from an already low level because the free market mechanism reveals that pricing to offset such fears simply don’t exist in any meaningful way. The regulator’s wish to enforce reporting only proves it needs to construct a narrative to ward off a problem that doesn’t rate much of mention other than virtue signaling.

Perhaps this urgency to get regulators to pressure corporate leaders showed up with this snippet in the WEF report,

In the World Economic Forum’s survey of business leaders, none of the top 10 risks globally are environmental, suggesting a critical blind spot…industry partners of the World Economic Forum ranked environmental risks higher than business leaders surveyed more broadly…Overall, lack of consistent awareness-raising among business leaders may create first-mover advantages for some, but it also potentially demonstrates the much more concerning overarching risk: that many businesses may not be planning for the physical and financial risks that climate change may have on their activities and across their value chains.

So in plain English that says that the majority of corporates that don’t pay into the WEF’s Davos slush fund are evil and if we can get the governments of the world to force change, its members will be the first beneficiaries of any new climate legislation.

Yes, Global Shapers are merely the rope that the Multistakeholders will use to lynch the rest of us with.