Ignore Musk the troll, focus on the businesses

Elon Musk clearly loves to be in the news and he does so by making outlandish statements about all manner of random topics in the news whenever he has the chance. Jack Shafer provides many examples of this and says that the media keeps falling for it. This has the added advantage (to Musk) of distracting people from the more serious news of the performances of his businesses, which are not good.

What we should be focusing on are the actual facts. One is that in 2021, the last full year when Twitter was public and thus we knew something about its finances, it had gross revenues of about $5 billion ($4.5 billion from advertising) and made a profit of $221 million. This means that its costs were about $4.8 billion. This was a high point for revenues and one of the few years when it made a profit.

After Twitter borrowed about $13 billion to allow Musk to take it private, that added another $1.5 billion in costs to service the debt, meaning its total operating costs are now $6.5 billion. Furthermore, advertisers dropped out, reducing revenues to about $3 billion. This means that Twitter was on a path to lose $3.5 billion a year, which is unsustainable. Musk has cut staff by almost half but that will save at most about $2 billion, leaving a gap of $1.5 billion to close, while risking core operational functions. This problem of a large negative cash flow is what Musk is faced with.
[Read more…]

The January 6th committee hearings end with criminal referrals for Trump and others

The hearings have just wound up with a unanimous vote to make criminal referrals to the department of justice on four counts:

I. Obstruction of an Official Proceeding (18 U.S.C. § 1512(c))
II. Conspiracy to Defraud the United States (18 U.S.C. § 371
III. Conspiracy to Make a False Statement (18 U.S.C. §§ 371, 1001)
IV. “Incite,” “Assist” or “Aid and Comfort” an Insurrection (18 U.S.C. § 2383)

While the department of justice is not obligated to prosecute based on these referrals, they will add to the pressure to do so. These charges all carry length prison sentences if found guilty and Trump in particular would be disqualified from any future federal or state office if found guilty of the insurrection charge.
[Read more…]

Politics, race, and class in West Indies cricket

The game of cricket was invented in England and exported by them to their colonies so that expatriates could continue to play it. But the game fascinated the locals who took to it with such enthusiasm that many of those countries now routinely field stronger teams than England. One of the first colonies where people of color became serious challengers was the West Indies, which is not a single country but a collection of many independent island nations in the Caribbean that banded together to field a single team. For a long time, the administration of the game was in the hands of English expatriates who retained control and appointed the captain of the team and made the selections, even as the dominant players were people of the islands.
[Read more…]

Is 2024 going to be a rerun of 2016?

In the US, there is no such thing as an election season. General elections nominally occur every even year but that is only mostly true for races for national office. State and local elections often occur in odd years as well. Campaigning for the next election begins immediately after one election has ended but that is only open campaigning. Preparations for the subsequent election are usually being laid before any election ends.

So it is unsurprising that there are already many discussions about the 2024 presidential election, even though the predictions that are made just after a mid-term election are usually completely off the mark as to who will actually make it to the finish line two years later. But that does not stop the punditocracy from engaging in endless speculations. This time though, there is actually something concrete to talk about because Donald Trump has already announced that he will run and that has to be taken seriously because he did win in 2016.
[Read more…]

Strikes in the UK

The UK is about to experience a wave of strikes, starting with the nurses unions.

Tens of thousands of nurses across the United Kingdom are set to walk off the job Thursday in what’s been described as the largest-ever strike by National Health Service workers, who said they were forced to act after the government refused to negotiate over pay amid painfully high inflation.

The walkout represents NHS nurses’ first national strike, and it comes as U.K. rail and postal workers are also taking major labor actions in response to falling real pay, meager benefits, and worsening conditions.
…

The RCN [Royal College of Nursing] said a strike became inevitable after U.K. ministers declined every offer to start formal pay negotiations. Earlier this week, [Pat] Cullen [general secretary and chief executive of the RCN] met with Tory Health Secretary Steve Barclay in a last-ditch effort to discuss pay before launching the national strike, but he refused to budge.

“I asked several times to discuss pay and each time we returned to the same thing—that there was no extra money on the table, and that they would not be discussing pay with me,” Cullen said. “I needed to come out of this meeting with something serious to show nursing staff why they should not strike this week. Regrettably, they’re not getting an extra penny.”

Jonathan Pie says that all those striking deserve the increases in wages and benefits and job security they are asking for.

On a personal note, I have great fondness for the British nursing profession. I spent a lot of time as a child in UK hospitals and one of the main things that stands out for me in my memory are the nurses. They were briskly efficient but also kind and caring. I would give them anything they asked for.

Treating students with respect

My attention was drawn to this headline for an article in The Chronicle of Higher Education that asked “Do Professors Have a Right to Mistreat Students?” My immediate reaction was “Well, duh! Of course not!” and was wondering why that question should even be asked.

It turns out that the article was prompted by a college professor who had refused to use any gender identification terms other than male and female.

Nicholas Meriwether, who teaches philosophy at Shawnee State University, in Ohio, and routinely addresses students as “Mr.” or “Ms.,” refused to address a transgender woman by the pronouns or honorifc she uses. Meriwether explained that he was not willing “to communicate a university-mandated ideological message regarding gender identity” that conflicted with his Christian beliefs. When he sued the university for violating his rights to free speech and equal protection, a district court found that the student “dreaded participating in plaintiff’s class but felt compelled to do so because plaintiff graded students on participation.” The college had tried to accommodate Meriwether by proposing that he refer to all students by first or last names only, without using gendered titles for any of them. That would have treated everyone equally, and it would not have required him to say anything he did not believe.
[Read more…]

Oregon governor spares all death row inmates

In a welcome move, Kate Brown has commuted the sentences of all death row inmates, just weeks before leaving office.

The governor of Oregon, Kate Brown announced Tuesday that she is commuting the sentences of all of the state’s 17 inmates awaiting execution, saying all of their death sentences will be changed to life in prison without the possibility of parole.

Brown, who has less than a month remaining in office, said she was using her executive clemency powers to commute the sentences and that her order will take effect on Wednesday.

“I have long believed that justice is not advanced by taking a life, and the state should not be in the business of executing people – even if a terrible crime placed them in prison,” Brown said in a statement.

Oregon has not executed a prisoner since 1997. In Brown’s first news conference after she became governor in 2015, the Democrat announced she would continue a moratorium on the death penalty imposed by her predecessor, former Governor John Kitzhaber.
[Read more…]

Congress passes bill protecting same-sex and inter-racial marriages

This law might seem unnecessary but given that the US Supreme Court just overturned the precedent of a constitutional right to abortion and one of the justices signaled that they might want to do the same to same-sex marriage, it seemed like a federal law to protect those hard won rights was necessary.

The House gave final passage on Thursday to landmark legislation protecting same-sex marriage, in a bipartisan vote that reflects a remarkable shift in public opinion just over a quarter-century after Congress defined marriage as a union between a man and a woman.

The final vote was 258 to 169, with 39 Republican members joining every House Democrat in supporting the bill. One Republican, Burgess Owens of Utah, voted present.
[Read more…]

What happened to the ‘War on Christmas’?

Here we are, less than two weeks away from December 25th, and as far as I am aware there has been no recurrence of rage around the annual non-issue known as the ‘War on Christmas’ where right wing politicians and Fox News go on and on about how people are no longer able to say “Merry Christmas” or have any other symbol of the season without being harassed and otherwise being discriminated against. Donald Trump promised that when he became president, he would bring Christmas back and people would be able to say Merry Christmas again.

This was one of the most bogus culture war issues ever but that did not stop it from gaining traction among certain sections of the population. Of course, since people could always put up decorated trees, sing carols, have Santas, and say “Merry Christmas” if they wanted to, it is one of those ‘wars’ where they can declare victory at any time and move on to other culture war issues.
[Read more…]

Malcolm Tucker confronts Liz Truss

Politics in the UK seems to have become calmer these days, with just the usual low-level turbulence, such as the former Conservative health minister John Matt Hancock who thought it was a good idea to go on a reality TV show I’m a Celebrity … Get Me Out of Here!. That required him to fly to Australia and do some really disgusting things, leading him to either resign as MP or be forced out by the party, it is not clear which.

During his I’m a Celebrity stint – in which Hancock was repeatedly chosen by viewers to undertake tasks including rummaging for meal tokens underground surrounded by snakes and spiders, and eat food including a cow’s anus and a camel’s penis – officers from the West Suffolk Conservative Association suggested he should step down.
…

Hancock, who was first elected as an MP in 2010, served as culture secretary before becoming health secretary under Theresa May, keeping the job with Boris Johnson and throughout the bulk of the Covid pandemic.

He resigned in June last year after footage emerged of him kissing a friend and work colleague, Gina Coladangelo, in his ministerial office, a breach of his own Covid-19 rules.

I find this action inexplicable but maybe Hancock thought that his future as a cabinet minister was over and that he could make more money this way than by being an MP .
[Read more…]