#genderequality

The intellectually inconsistent crusade that demands bigger gov’t solutions and anarchy simultaneously

Several weeks ago we wrote about the “hijacking” of the George Floyd protests for everything but that.

mrcTV’s Brittany Hughes concurs and explains how much further the protest madness has spread in America.

Note Black Trans Lives Matter (BTLM) protests have taken place even though they had nothing to do with George Floyd or police brutality. Just black trans rights. Not all trans rights.

Never mind that protestors also defaced the statue of Matthias Baldwin by spraypainting “colonizer.” Baldwin was a slavery abolitionist who pushed for black voting rights three decades before the Civil War. In 1835, he donated money to establish a school for African-American children in Philadelphia and paid for it out of his own pocket. But hey, he was white so must have been a rabid supremacist. Easier to rub out his inconvenient history.

If only these protests had anything to do with black lives or George Floyd. So typical of the hypocrisy of the social justice movement. As Thomas Sowell said,

Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.

UN adds value to the coronavirus crisis

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You know we must be close to conquering coronavirus for the UN to returning to this type of non-gendered language nonsense. Nothing like a bit of identity politics to help those who face stark economic hardships feel better knowing that while they have lost their jobs and homes they can rest assured that verbal dignity will be upheld. Perhaps those who are outraged at Trump’s ultimatum to defund WHO might look to this type of garbage and question why so much money goes to the UN as well?

Victoria to become 100% female if superannuation laws passed

The Democratic People’s Republic of Victoria is wanting to push legislation to allow companies to pay women a higher rate of superannuation than men to close the gap. Adjustments to the Sex Discrimination Act would be required.

Given the legislation that allows one to change gender without question in Victoria, why would anyone identify as male if their superannuation might be higher with a company that wanted to be woke? Who are companies to deny my right to identify as the gender I claim to be.

Even if companies wanted to voluntarily pay women more superannuation, they should prepare for a revolt by men. As bogus as those making a gender change claim might be, if they have it formalized on their birth certificate then, as a matter of law, companies would be forced by their own hand to pay men who identify otherwise.

The market is a wonderful weighing mechanism. Obamacare was one of the largest contributing factors as to why 94% of jobs growth under President Obama was part time. Companies avoided red tape by bypassing the legislation that would raise costs to unsustainable levels.

If governments want to create higher unemployment, pushing higher super is one way to put a brake on jobs growth and push companies to hire cheaper male employees.

So by the very misguided altruism of the Victorian government, women could end up worse off and the gap even wider.

What if a person with genuine gender dysphoria identities as a trans male. That would mean under the legislation a company would be entitled to lower super payments.

There are plenty of other ways to address the gap – this isn’t one of them.

Why the WEF’s 2020 gender gap report rankings are utterly meaningless

The most glaringly obvious anomaly in the World Economic Forum’s (WEF)’s 2020 Gender Gap report is that Syrian women are supposedly luckier to have a higher health and survival ‘gender gap’ score even though they live 15 years shorter than Aussie women. Go figure?!?

Await the media parroting headlines based on the WEF’s executive summary of the latest 371-page 2020 report on gender equality without any context. Australia slipped in the rankings, so don’t be surprised to see our media slam us without analysing the data behind the claims. Because within the data, it is marginal. Moreover, the basis of the data collection is frankly ridiculous.

We should remind ourselves that the WEF is an organisation that prides itself on rank hypocrisy. It wasn’t so long ago that 1,500 private jets landed in Davos to debate the number one concern at the WEF conference – climate change. As there is no airport at Davos, some took helicopters from Zurich Airport to the summit.

The WEF believes that the economic gender gap will take 257 years to close, up from 202 years in 2018. Technological change is driving a disproportionate effect, with women more highly represented in roles hit hardest by AI (e.g. retail). What’s more, not enough women are entering professions where wage growth is fastest. It is most likely the old white male patriarchy that forced women to go into retail rather than of their own volition.

It would be all too easy to chastise Australia for falling from 39th to 44th position, but the reality is that we improved our overall score versus 2018. Before the luvvies lavish praise on New Zealand, which climbed two places to 6th but saw its aggregate score decline, Australia is only 8.5% below NZ. So is that worth beating ourselves up for?

In the subcategory of Economic Participation and Opportunity, Australia ranks 49th vs NZ at 27th. Even though there is only a 4% difference. Liberal heads will explode to know that Trump’s America ranks above NZ.

In terms of educational attainment, Australia ranks =1st, despite the quality of our education system leaving much to be desired. Although it is a bit disingenuous as 38 countries are equal first. We just happen to benefit from alphabetical ordering.

Australia ranks 104th in health & survival but it is less than 1% difference to the 39 first placed countries (which include Angola and Syria). Although if we take Syria as a reference market, the average healthy life expectancy for women is 59.5 years vs 52.5 for men meaning that the gender gap helps score the war-torn country higher than Australia. Australia is 74.1 and 71.3 years respectively. Still,  FNF Media is sure Syrian men and women would gladly trade places with Australians even if, in this instance, the gender gap narrowed on this metric.

Note that even last placed China is less than 4% off the top spot in the health and survival gender gap subcategory. Precious little insight.

Political empowerment is where Australia gets smashed with a paltry rank of 57th. Presumably, if Australia had more female politicians then perhaps our rank would catapult. Should the voting public be admonished if Dr Keryn Phelps was beaten by Dave Sharma? Do voters select candidates on ability or genitalia?

Of interest, all one need do is a simple weighted average of the four subcategories to come up with the aggregated ranking scores provided by WEF.

If we stripped out political empowerment, Australia is within 1% of NZ and 4% of where #1 ranked Iceland is. Hardly anything to feel triggered by. Our score would be 0.898 vs the 0.731 awarded. NZ would be 90.8% vs 0.799 awarded. Iceland would be 93.5% vs 87.7%. Why haven’t the media done their homework?

In short, the supposed gap WEF thinks will take 99.5 years to close won’t be anything near that for Australia.

Which stands to reason, shouldn’t some categories be weighted higher than others in terms of closing a gender gap? Surely women in one part of the world might rank economic participation at 50% as opposed to 25%. Given health is so close across 153 countries measured, is it worth ditching that as a metric?

Between countries, maybe Zambian women place 100% emphasis in their struggle on economic wellbeing but Icelandic women 100% on political empowerment. If that was so, Zambian women would rank 0.831 vs Icelandic women at 0.701. The most value that could be added by the WEF would be to ask women in each country what was important to them. That way we wouldn’t have to standardise rules and regulations. Because this report effectively says that we should all aspire to be Iceland even if ambitious women in Botswana don’t wish to seek a career in politics.

The WEF concluded the 371-page report with,

The Global Gender Gap Report 2020 provides a comprehensive overview of the current state of the global gender gap and of efforts and insights to close it. The index offers a benchmarking tool to track progress and to reveal best practices across countries and subjects. This year the report finds that the gender gap has closed slightly since last year, yet it will still require 99.5 years to achieve full parity at the current pace.”

Unfortunately if one flips through to the country profiles, there are so many statistical gaps in certain categories making meaningful comparisons even more meaningless than they already are.

Therein lies the fatal flaw in this doorstopper. Data can be used in ways to paint a picture. It is so easy to put Australia in a negative light but in most metrics, while our rank may have fallen our raw scores have improved. But don’t be surprised if the media just tells you how bad we are. Narratives are easy to draw from a document that proves the adage of “garbage in, garbage out!” Yet don’t be surprised to see politicians making hay over the findings, if we can even call them that!

Sports Illustrated defines our woke age

You have to hand it to society nowadays. So desperate are people to appear virtuous they will go above and beyond to prove themselves worthy. Sports awards tend to be a mix of on-field performance and off-field service to promote the game for the greater good.

Megan Rapinoe has won the Sports Illustrated 2019 Sportsperson of the Year. Yes, the US Women’s National Team (USWNT) has won the Soccer World Cup back to back. It is an admirable achievement even though the USWNT were defeated 5-2 by a bunch of 14yo boys from Dallas.

260m watched the Women’s Soccer World Cup final in 2019. The 2018 men’s World Cup in Russia saw 1.12bn tune in for the final. 4.3x the audience. Sponsors are well aware of this and tailor advertising dollars accordingly. If the women’s teams garnered more eyeballs, we can be guaranteed women would be paid more.

Unfortunately, Rapinoe is such a dreadful role model for children even though she ticks the diversity and LGBT boxes. Her profanity-laden victory parade speech (in front of kids) after the World Cup win (from 6:30 in the video) was all class. All about identity politics and screaming for “equal pay” even though the stats reveal the USWNT gets more funding than the men’s team (USMNT). The USMNT generates more revenues, despite the poorer results.

Yet Rapinoe defines the age. All about equal pay regardless of revenue generated. Perhaps every soccer player in the world should be benchmarked against Cristiano Ronaldo at Juventus. Perhaps his 81mn Twitter followers and talent allow him to charge a premium for his services which the market is willing to bear i.e. $108mn in 2019. Neymar should be up in arms for the pithy $90m at Real Madrid! Surely those on the bench should be protesting the fact they aren’t on an even playing field! Equal Pay, Equal Pay!

If Sports Illustrated truly wanted to brand a female success story in sports against the odds and shove it in the face of the white patriarchy, they could have championed the brilliance of 21yo Spanish rider Ana Carrasco, who became the first-ever woman to win a world motorcycle racing championship competing alongside men. She won the World Supersport 300s crown. If there was ever a better display of rising to a challenge in a sport dominated by males, this was it! She beat them all! More than that she embodies great sportsmanship.

CM wrote in January about her first-ever race win last year on equal machines with the boys. Shows that grit, determination and skill can make the difference without this recent desire to throw handicaps to even it out. Great job indeed to win on identical bikes.

Rapinoe is a talent in her own right. No one can dispute that. It is just a shame that it comes with all unnecessary identity politics based bluster.

Perhaps Sports Illustrated should heap lashings of praise on the Football Federation of Australia’s (FFA) kneeling at the altar of political correctness by carrying through with equal pay. Little does the FFA realise that pandering to social justice does nothing to win over fans. Because if the right talent isn’t paid accordingly, an overseas league will quickly bid the best players away and hollow out the local market. Attendance will drop and the revenues and sponsorship dollars will dry up with it. Doesn’t require rocket science.

The Aussie women’s Matildas achieved a peak crowd attendance of 16,829. The men’s Socceroo team saw 77,060 supporters at ANZ Stadium on 15 November 2018. 4.6x more fans watched the men’s national team over the women’s. It is nothing to do with gender. Fans prefer watching the men’s game, including women. Because of that, sponsors are willing to pay for greater exposure.

That isn’t casting aspersions on the female players per se. It is just that sports will always be driven by the sponsorship dollar. In certain fields, men get paid more than women. Perhaps male supermodels should take umbrage that Kate Moss gets paid multiples more for the same job.

Rugby Australia chokes on its own incompetence

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After exchanging a politically correct, vomit-inducing and nose-bleedingly insincere prepared statement drafted by professional media consultants -not lost on anyone – the fact remains that Rugby Australia (RA) is the loser in the Israel Folau saga. We can forget the original source of the dismissal and the rights and wrongs of it. If RA thought it had a proper case, the legal fees (which it claimed were worth saving and settling out of court) would have been way less than the $10m payout he was demanding. So much for supporting the very communities the RA plasters all over its website.

The outcome was the result of management incompetence in thinking that appearing woke trumped legal due process. In full knowledge that Folau had a $1.6mn war chest (courtesy of Christians, free speech advocates and rugby fans alike) to take up the case against his former employer, the board was forced to buckle and issue an apology to the former rugby star, which would never have been necessary if it had a smidgen of judgment in the beginning.

RA CEO Raelene Castle can laugh off “wildly inaccurate” speculation on the $8mn rumoured settlement but the fact is the board knows the exact amount. Israel and Maria Folau wouldn’t have been grinning like Cheshire cats were he to have signed away for less than his rescinded contract. It will be fascinating to see the composition of the 2019/20 reported figures that will be published in due course. Expect some accounting trickery to fudge it into the numbers.

Castle said a few months back that the franchise could weather paying out Izzy Folau’s $10m claim. Although CM is not sure that paying out $10m + costs – which would wipe out almost 2/3rds of the $18mn in cash on the balance sheet – is something a CEO should think is worth boasting about. What she has long needed to focus on is arresting the declining operating performance. Yet she stated emphatically that the RA won’t have to make changes to the budget. Maybe her lawyers pieced together a multi-year drawdown of the sum to be paid to smooth out the ultimate impact. 

The RA franchise is the laughing stock of the rugby world. So transparent is the lack of accountability, woeful internal coordination and deteriorating financial results that it requires nothing more than a drastic overhaul if the entity is to thrive.

Former coach Michael Cheika let loose that it was no secret he had no relationship with the CEO and a very poor one with Chairman Cameron Clyne. This coming from the very individual running by far the biggest RA franchise. Despite possessing by far the worst performance record of any Wallabies coach, management persevered with a man who didn’t have a leg to stand on but cast aspersions on the executive team.

Therein lies the problem. RA can push all of the woke causes (e.g. LGBTQI+, gender equality) it likes, but if the ultimate end customer derives no value from it, it is a fruitless exercise which can’t escape the scrutiny of the free market come time to pay bills.

Castle may believe that this was a commercial decision for the sake of providing certainty. Had she done the right thing from the start she could have avoided getting embroiled in a scandal that has exposed the poor governance within.

Isn’t it odd that the LGBT activists are now attacking the very institution that set out to promote them – RA. CM has never thought much of his tweets but the reaction to them has been so over the top. The faux outrage mob finds oppression in everything.

Castle should resign and if she won’t the board should fire her despite her defiance against the bleeding obvious – she is in over her head. Fans won’t return with the status quo.

Get woke, go broke.

COP 25 & Gender – apparently it’s a thing

Let’s get real. If the alarmists really believe we have no time to waste in order to save the rest of us from absolute doom and gloom, why is “gender equality” being pushed so hard at the COP25 summit?? If women make the best scientists, why not make them 100% of the process? That’s sensible. Alas, it simply exposes why the UN deserves to be defunded in order that it rationalise around proper governance practices. After all, this is the mob that thought Zimbabwean dictator Robert Mugabe would make a good WHO ambassador and went out of its way to protect one of their own through a sexual harassment scandal at UNAIDS.

The document published at the COP25 summit today noted,

The full, meaningful and equal participation and leadership of women in all
aspects of the UNFCCC process and in national – and local-level climate policy and action,
including in consultations on the planning and review thereof is vital for achieving long-term climate goals…Collecting data, including sex-disaggregated data, and evaluating and
reporting on the effectiveness of processes to integrate gender considerations into climate
policy and action are vital for replicating action and strengthening efforts…”

The ultimate irony for the brains trust at the United Nations is explained by an extensive survey taken by itself on the processes in the compilation of the IPCC climate bible. Countless scientists slammed the lack of competence of the lead authors where the UN pushed diversity (i.e. identity politics) instead of scientific qualifications.

Donna Laframboise noted in her book, “The Delinquent Teenager” the following,

“In early 2010 the InterAcademy Council, an organization comprised of science bodies from around the world, took an historic step. It established a committee whose purpose was to investigate IPCC policies and procedures.

The committee posted a questionnaire on its website and invited interested parties to respond. Answers to those questionnaires were eventually made public after the names of the respondents had been removed. Those provided by IPCC insiders can be separated from the ones submitted by concerned citizens because the questionnaire begins by asking what role the respondent has played in the IPCC.

People with direct experience of this organization were remarkably frank in their feedback. According to them, scientific excellence isn’t the only reason individuals are invited to participate in the IPCC.

Remember, this is a UN body. It therefore cares about the same things other UN bodies care about. Things like diversity. Gender balance. Regional representation. The degree to which developing countries are represented compared to developed countries.
The collected answers to the questionnaire total 678 pages. As early as page 16, someone complains that:

“some of the lead authors…are clearly not qualified to be lead authors.”

Here are other direct quotes:

There are far too many politically correct appointments, so that developing country scientists are appointed who have insufficient scientific competence to do anything useful. This is reasonable if it is regarded as a learning experience, but in my chapter…we had half of the [lead authors] who were not competent.” (p. 138)

“The whole process…[is] flawed by an excessive concern for geographical balance. All decisions are political before being scientific.” (p. 554)

“half of the authors are there for simply representing different parts of the world.” (p. 296)

Lest anyone think that people from less affluent countries were being unjustly stereotyped, the person whose comments appear on page 330 agrees:

“The team members from the developing countries (including myself) were made to feel welcome and accepted as part of the team. In reality we were out of our intellectual depth as meaningful contributors to the process.”

The questionnaire did not contain the word gender. Nevertheless, it is uttered dozens of times in the answers people provided. While some feel the IPCC should not aim for gender balance, others applaud the use of this selection criteria. Among those with firsthand IPCC experience, therefore, it is an open secret that some people are
appointed for reasons that have little to do with world-class scientific expertise.

Depending on whose opinion you believe, this is true in either a small minority of cases or with regard to as many as half of the authors. In the view of at least one person, every IPCC personnel decision is influenced by concerns unrelated to science.

Clearly, it didn’t pay any attention to the results. Because if it did it wouldn’t be able to invent the kind of hysteria (that it has climbed down from constantly over time) to bully virtue signalling governments to force we mere peons to hand over $100s of billion every year to a bunch of incompetent globalists who want to keep this bandwagon going.

Do as we say, not as we do

Take that. Despite living with the irony that half of the members of the Australian Council of Superannuation Investors (ACSI) fail to meet the very diversity quotas they expect ASX200 companies to hit, what a complete laughing stock to publicly tell conference organisers it won’t join unless there is a guarantee of gender balanced speaker participation. How about try to get the best diversity of thought for a speaking panel regardless of their identity? There won’t be a man in the audience who complains at a panel of superstar women speakers.

The ACSI demands are listed here. A default letter the ACSI uses is as follows.

“SAMPLE RESPONSE TO EVENT INVITATIONS

Thank you for your invitation to speak at [name of event]. ACSI has taken the Panel Pledge and will only participate in events which are gender diverse and inclusive. Before accepting your invitation, I’ll need some additional information to determine whether this event is consistent with our commitment.

Can you please confirm the following:

– Will there be a gender balance among speakers at this event?
– Will speaking roles be allocated equitably among genders?

If I agree to participate in this event, I reserve the right to withdraw later should I become aware there will not be a gender balance among speakers.

Thanks in advance for your support of our efforts to promote gender diversity.”

What if the ACSI was offered a chance to speak next to Mark Zuckerberg and Elon Musk for the third and final slot at an investor conference? Would ACSI turn it down to stick to its principlesb or be the first in line to take selfies to upload to Instagram?

Get woke, go broke.

ESG Blacklisted portfolio

ESG (Environment, Social Responsibility & Governance) blacklisted stocks. We all know deep in our hearts that vices are far more fun than virtues. Real Coke tastes better than Diet Coke. Full cream is better than skim. McDonald’s fries are tastier than mashed potato. CM made this point in yesterday’s piece on the irresponsibility of socially responsible investing for building a retirement nest-egg given the long term underperformance.

When all of this politically correct ESG investing meets a recession, these oversold anti-ESG darlings, many with gobs of free cash will look like total bargains. Suffice to say in a downturn, vices tend to be what people resort to.

All CM cares about is the G in ESG. Governance is a must for investing. E & S are merely subjective views which don’t automatically convert to shareholder value. Good governance goes without saying.

So perish the thought that CEOs, like Harvey Norman’s Katie Page are being attacked by the likes of Ownership Matters which thinks putting in a shareholder activist who has failed 49 times out of 49 to be appointed to ASX listed boards is a better bet? As Janet Albrechtsen of The Australian wrote,

A copy of the report obtained by The Australian reveals Ownership Matters has recommended that Stephen Mayne be elected to the board of the retailer, even though the 50-year-old has no corporate experience in retail or property, no corporate board experience and no corporate management experience…Harvey Norman has a market capitalisation of $5.2bn, and shares in the retailer have gained more than 32 per cent over the past year, outperforming the 16.4 per cent gain in the benchmark S&P/ASX 200 over the same period…The advice sent out on Monday has baffled Ms Page’s husband, the business’s billionaire co-founder Gerry Harvey, who remains its largest shareholder, retaining ­direct ownership of almost a third of the company. “I have been on a public company board as chairman since 1972, and I have never seen anything as bizarre as the fact that the best ­retail executive in Australia is to be replaced by a ratbag called ­Stephen Mayne who has been a proven failure … every time he’s run for a board seat,” Harvey said.

 

Lowering the standards for gender balance

The Left has lost its mind. Literally. Surely the whole point of an equal society is to provide a fair playing field. What an insult to women who legitimately a) want to do engineering & b) worked hard to meet the requirement at UTS to have standards lowered for women so thru can artificially boost numbers in a field where studies have shown women have less interest.

While we’re at it, let’s reduce the entrance mark for cardiology or brain surgery. If patients die on the operating table perhaps the sub-par doctor can say at least your husband died on the altar of diversity and inclusion.

Australia has lost the plot. Where are the politicians slamming this stupidity given taxpayers fund it!