“Shhh, not here.”

Religion Of Submission 23 Comments

Pride float against Sharia law a go in ’11, no in ’17

Born in Iran, Shirazi immigrated to Vancouver where he became a founding member of Cirque de So Gay, an activist group of gay and transgender Middle Eastern men. For several years, the group marched in the Pride Parade and even won an award for their originality. But this year, its application was rejected as “culturally insensitive.”

It seems to me that these “inclusive” events have been more about excluding people of late.

We Don’t Need No Flaming Sparky Cars

Alternative Subsidy 21 Comments

Solar panel in a coal mine;

Those who think today’s stock market is unlike that of 2000, when baseless enthusiasm pushed stocks up to wild valuations, only to collapse in subsequent years, should take another look. Do they remember counting eyeballs as a basis for value? Once again, history and reality are replaced by dreams with little substance. Tesla, in which I have a short position, is becoming the loudest canary in Wall Street’s coal mine.
Tesla requires repetitive capital raises to fund persistent operating losses. This requires bullish analysts and holders to keep the stock aloft with projections of imagined earnings from future products, while they overlook existing businesses, which continue to lose vast sums of money.
[…]
Musk is smart and imaginative, but none of his major companies are profitable. Tesla has been around for 14 years and has cumulatively lost more than $3.7 billion, despite the massive subsidies that it and its customers have received. SolarCity, also a beneficiary of alternative-energy subsidies, lost hundreds of millions of dollars before being bailed out by Tesla. As subsidies diminish, and competition emerges, profits will be even more elusive.
Tesla tries to convey the illusion of inexhaustible demand for its cars, yet sales of the Model S and Model X have been flat for four quarters. Tesla’s rising inventory and shrinking deposits suggest declining demand.
Tesla claims to have more than 400,000 deposits for the Model 3, but these aren’t orders. They reflect a decision by potential buyers to get in line for a $7,500 tax credit at virtually no cost. Shifting $1,000 from a savings account into a refundable Tesla deposit costs only about $1 per year in lost interest.

Your Moral And Intellectual Superiors

Media Trump 9 Comments

So after the media’s disgusting display of bias and dishonesty, the sight of CNN’s Don Lemon reacting to Trump’s brutal slap-fest with his face all scrunched up like a crying baby’s was a thing of absolute beauty. Lemon and his whole panel threw a tantrum: “He’s unhinged…. His speech was without thought. It was without reason. It was devoid of facts. It was devoid of wisdom. There was no…” But I couldn’t hear the rest because I was laughing too hard.

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