More Tech Companies Cancelling San Francisco Conferences

September 17th, 2023

As a hilly, historical, picturesque city on the coast, San Francisco used to be tourist hot-spot and convention destination. But with social justice turning San Francisco into a crime and feces ridden hellhole, even local tech giants have decided it’s time to hold their conferences elsewhere.

First Red Hat and Meta (AKA Facebook) have cancelled San Francisco conventions.

Two major tech companies decided to cancel their San Francisco Moscone Center conferences. Software company Red Hat and Bay Area’s Meta are no longer coming to the city in 2024.

“It’s not something we are going to turn around quickly. There are certainly companies, organizations that are deciding not to hold their events in San Francisco. We will probably see more of that,” said Rufus Jeffris, Bay Area Council spokesperson.

A financial hit that is no surprise for the San Francisco Travel Association. According to their projections:

“2024 continues to be a particularly challenging year for conventions in San Francisco. Although 2023 is a robust convention year, 2024 is estimated to actualize about 60% of the average,” said Jeffris.

Snip.

We contacted Meta and Red Hat and have not gotten a response. Yet, the Bay Area Council says safety challenges don’t help San Francisco.

“Some of the issues in San Francisco is working hard to address. Obviously some issues of safety or cleanliness in the streets. Social problems that we are seeing on the streets are frankly a result of not only the pandemic and the after effects of that but many decades of failed policies,” said Jeffris.

You don’t say. Reminder: The last Republican mayor of San Francisco left office in 1964. Since then an unending stream of Democrats like Dianne Feinstein, Willie Brown and Gavin Newsom have lead the city.

Now Google has joined Red Hat and Meta in pulling their conference out of the city.

Google is moving a technology conference out of San Francisco, as the city struggles with high crime and rampant drug use.

The company will host its Google Cloud Next conference in Las Vegas next year, SFGATE reported. Google held the conference at the city’s Moscone Center last week, as it had from 2017-2019, for the first time since the beginning of the COVID-19 pandemic. It had planned to host the 2024 iteration of the conference in San Francisco as well, but it canceled the booking in July. Google declined to give SFGATE a specific reason for pulling the conference out of San Francisco.

The $1.7 trillion company’s decision comes as dozens of other businesses have scaled back their operations in San Francisco as the city deals with widespread crime, homelessness, and drug use. Between 2020 and 2022, homicides increased 40 percent, and fentanyl deaths have also spiked, resulting in a number of companies pulling events, headquarters, and office space out of San Francisco.

Salesforce may be next: “Last week, Salesforce CEO Marc Benioff said his company may pull its massive “Dreamforce” conference out of the city next year, citing public safety concerns. Benioff said this year’s conference will inject $57 million into the downtown economy.”

Social Justice Warriors seem less concerned about injecting money into the city than into their own bank accounts, or about enabling the city’s growing population of mentally ill transients to continue injecting drugs into their veins. San Francisco will continue to wither and die as long as they’re in charge.

BREAKING: Paxton Acquitted

September 16th, 2023

This just in: Texas Attorney General Ken Paxton has been acquitted on all 16 articles of impeachment.

In a dramatic loss for the Texas House of Representatives, the Texas Senate did not sustain any of the articles of impeachment against Attorney General Ken Paxton, triggering his reinstatement to office after nearly a four-month suspension.

The House Board of Managers needed to convince 21 senators to sustain at least one of the charges. The Senate’s court of impeachment sustained none of the charges, granting a full acquittal to Paxton to resume his position as the duly elected attorney general.

Most of the charges were dismissed by a vote of 14 to 16.

After the vote concluded, Sen. Brian Birdwell (R-Granbury) made a motion to dismiss the four articles of impeachment that had been held in abeyance and were not considered in the Senate’s impeachment trial proceedings. The motion passed by a vote of 19 to 11.

Paxton slammed the Texas House and Speaker Dade Phelan (R-Beaumont) in a statement celebrating the acquittals.

“The weaponization of the impeachment process to settle political differences is not only wrong, it is immoral and corrupt,” Paxton said.

“Now that this shameful process is over, my work to defend our constitutional rights will resume. Thank you to everyone who has stood with us during this time.”

The attorney general thanked his wife, Sen. Angela Paxton (R-McKinney), and his other supporters.

Patrick had his own criticisms of Phelan and the House after the acquittals were announced.

“Millions of taxpayer dollars have been wasted on this impeachment!” Patrick exclaimed from the dais.

The lieutenant governor called for amendments to the Texas Constitution to prevent the hasty impeachment of an elected official based on unsworn testimony, among other recommendations.

A few moments later, Patrick signed the documents reinstating Paxton as attorney general and dissolved the Senate’s court of impeachment.

It became apparent in the trial that the allegations against Paxton were unsupported.

The next step should be that every Republican who voted to impeach Paxton in the House or Senate needs to be primaried.

And Dade Phelan should be at the top of that list.

Was the Yugo As Bad As Critics Said? Yes.

September 16th, 2023

How bad an idea was it buying a car made in a communist country? Two guys from Donut Media pick up a used Yugo to see if it lives down to its reputation.

  • “Journalists have been crapping on it for decades, but is it really that bad?” Spoiler: Yes.
  • Their Yugo has 20,593 miles on it, and the build quality is obviously crap. “The needle for the speedometer is broken off, which is annoying, and it has a very optimistic high number of 110 miles per hour.”
  • One reason the car has such poor quality is the cost: The Yugo was $4,000 brand new back in the mid-1980s.
  • “This was the first and only Yugoslavian car that made it to the U.S market. It was made by a company called Corvina Zastava, which literally means red flag. You think the people that bought these would have seen the huge red flag.”
  • “In reality the Yugo is a clone of the Fiat 127. Corvina Zastava licensed the design from Fiat and built their version in the motherland.”
  • “One thing that communist Yugoslavia didn’t have access to that Fiat did was purpose-built machinery. And that’s how you get panel gaps.”
  • “Zastava literally spared every expense they possibly could when making this thing, from the metal stamping to the interior.”
  • You really have to watch the entire video to enjoy the diverse panoply of mystery noises and bumps they experience.
  • “Americans ended up hating the Yugo, but here’s the thing: It was never meant for the U.S market. It was a complete fluke that had ever made it to our shores in the first place.”
  • It was strictly meant as a utilitarian vehicle for Yugoslavians.
  • “As Edmunds said when they reviewed an 89 Yugo, ‘the Yugo is slow, low grip and high effort.’ Sure, it’s got a rack and pinion, but the Yugo doesn’t even have power steering. You have to throw your entire body weight into most of your turns.”
  • “This is not good. Dude, having a car change direction depending on what the throttle is doing? I’m gonna give that a fail.”
  • The transmission is awful, the shifter is floppy and the throttle is sticky.
  • It idles at 3,000 RPM. (A Honda Accord idles around 750.)
  • Car entrepreneur Malcolm Bricklin (who formed Subaru of America to import those cars) was looking to import low-cost cars in America. Not in the video is this weird passage in Bricklin’s Wikipedia entry: “Bricklin, senior advisor Henry Kissinger, former U.S. Under-Secretary of State and Yugo board member Lawrence Eagleburger, and Global Motors executives met with Zastava. Bricklin agreed to import the Zastava Koral, marketing it as the Yugo.” Because who knows about cars better than Secretaries of State?
  • “The kids were calling it Yugomania, and people were legitimately psyched about the Yugo.” Having been alive at that time, I can assure you that never happened. The only marketing I remember from the time was a radio spot that focused on the cheapness and the “new car smell” and had an insipid little jingle: “Me and my Yugo/Wherever we go.”
  • “140,000 Yugos were sold in the U.S.”
  • The reason it got imported over here was that Yugoslavia had broken away from the Soviet Union and enjoyed pretty good relations with Reagan’s America, and Fiat had pulled out of the American market, meaning Zastava had no contractual bar to exporting the Fiat clone into the U.S.
  • “The manufacturer claimed it could go 0-60 and 14.3 seconds, which is horrible for even then but some reviewers clocked in at more like 18 seconds.” How long did it take the Donut guys to hit 60? 35.3 seconds. At full throttle.
  • “Carbureted engines can be very reliable, but probably not ones built in a communist country on the brink of collapse.”
  • Their Yugo broke down 10 minutes into filming a mile down the freeway.
  • “Factories in communist countries had terrible working conditions and very little oversight. Consistency also wasn’t their top priority, either. That’s all to say that the high tolerances they had while manufacturing these cars led to some very unreliable parts.”
  • At the time Yugos were being sold, Honda Civics started at $5,800. And the stock Civic engine makes more power than two Yugo engines!
  • “Yugo did not make a good car.”
  • Sales peaked at 48,812 in the U.S. in 1987, but had declined to 3,092 in 1991, when the Yugoslavian Civil War got underway, then less than half that in 1992, when UN sanctions came down, and that was the end of the Yugo in America. Supposedly later Yugos were somewhat more reliable.

    The lesson here: Never buy a car made in a communist country, unless you’re building a Museum of Failure.

    As a bonus, enjoy this hilariously dishonest Yugo TV ad.

    LinkSwarm for September 15, 2023

    September 15th, 2023

    The Biden economy continues to batter ordinary Americans, CIA’s bribing experts to protect China and the deep state, Ukraine makes Russian ships and air defense systems in Crimea go boom, UAW goes on strike, and sanctuary city chickens come home to roost. Plus a personal update at the end. It’s the Friday LinkSwarm!

  • Joe Biden continues to work his special brand of magic on the economy: “Real household income suffers biggest drop since Great Recession.”

    Nominally, households earned more money in 2022 than they did in 2021. But thanks to inflation caused by Bidenomics, real household income (that is, income adjusted for inflation) not only fell, but fell by an amount not seen since the Great Recession.

    According to Census Bureau numbers released Tuesday, median household income fell from $76,330 in 2021 to $74,580 in 2022, a decline of 2.3%. This is the biggest drop in real household income since 2010, when it fell 2.6%. Even at the height of the pandemic, when millions of people couldn’t work, real income only fell 2.2%.

    The decline in real income was driven entirely by near-record-high inflation. According to the Census Bureau, inflation rose 7.8% between 2021 and 2022, which was the largest inflation increase since 1981.

    Isn’t not being able to feed your family a small price to pay for our elites not having to deal with mean tweets? (Hat tip: Stephen Green at Instapundit.)

  • The deep state at work: “CIA Bribed Analysts To Change Lab-Leak Conclusions.”

    A ‘senior-level’ CIA whistleblower has come forward to allege that the agency bribed analysts to change their opinion that Covid-19 most likely originated in a lab in Wuhan, China, according to the NY Post.

    The whistleblower told House committee leaders that his agency ‘ tried to pay off six analysts who found SARS-CoV-2 likely originated in a Wuhan lab if they changed their position and said the virus jumped from animals to humans,’ according to a Tuesday letter from the chairmen of two House subcommittees investigating the pandemic response and US intelligence, Brad Wenstrup (R-OH) and Mike Turner (R-OH).

    The pair have requested all documents, communications and pay info from the CIA’s Covid-19 Discovery Team by Sept. 26.

    “According to the whistleblower, at the end of its review, six of the seven members of the Team believed the intelligence and science were sufficient to make a low confidence assessment that COVID-19 originated from a laboratory in Wuhan, China,” reads the letter from the House panel chairmen.

    “The seventh member of the Team, who also happened to be the most senior, was the lone officer to believe COVID-19 originated through zoonosis.

    “The whistleblower further contends that to come to the eventual public determination of uncertainty, the other six members were given a significant monetary incentive to change their position,” the letters continue, adding that the analysts were “experienced officers with significant scientific expertise.”

  • Hunter Biden indicted on federal gun charges. A whole lot of observers think this is just an excuse to avoid indicting him (and his father) on bribery and corruption charges.
  • Ukraine seems to be systemically destroying Russian air defense systems in occupied Crimea and going after all of Russia’s Black Sea fleet.
  • Trump supports Paxton.
  • Abbott’s busses won the border battle.

    Washington refused to fully fund construction of a wall along the Mexican border as Congress obeyed the U.S. Chamber of Commerce — whom Republicans bow to — and the galaxy of gangs, drug cartels, pedos, Chinese spies, terrorists and Methodists who back Democrats. There are some overlaps. My point is, Democrats cannot destroy the nation without help.

    There seemed to be no stopping the onslaught. What to do? What to do? What to do?

    Well, they were messing with Texas and as Texans say, don’t mess with Texas.

    Its governor’s press office said in June, “In April 2022, Governor Abbott directed the Texas Division of Emergency Management to charter buses to transport migrants from Texas to Washington, D.C. The Governor added New York City, Chicago, and Philadelphia as additional drop-off locations last year and most recently added Denver as a busing destination last month. Since beginning the migrant busing strategy last spring, more than 21,600 migrants have been transported to these self-declared sanctuary cities while providing much-needed relief to Texas’ overwhelmed border communities.”

    Battles are usually fought with horses, tanks or aeroplanes. Greg Abbott used buses. As of June, he shipped 500 busloads of illegal aliens to sanctuary cities. The shipments continue.

    You want ’em, you got ’em.

    It turns out, sanctuary cities don’t want them.

    (Hat tip: Instapundit.)
    

  • Virginia Democratic statehouse candidate Susanna Gibson is complaining that there are videos of her having sex with her husband online. Gee, how did they get online? “Gibson had an account on Chaturbate, a legal website where viewers can watch live webcam performances that feature nudity and sexual activity…The videos show Gibson and her husband, John David Gibson, having sex and at times looking into the camera and asking viewers for donations in the form of ‘tokens’ or ‘tips’ to watch a private show.” It did not take Columbo to crack this case. (Hat tip: Instapundit.)
  • Robert F. Kennedy, Jr. might bolt the party that’s trying to screw him over.

    The Democrat Party has a latent disaster on its hand vis a vis one RFK Jr.

    On the one hand, they are fully dedicated to sabotaging his campaign. Under no circumstances whatsoever will he be permitted to win the nomination.

    Even if he had 80%+ support from the electorate, the sick truth is that party leadership (influenced by the consultant and donor classes) would rather lose with Brandon than win with RFK Jr. because of what he’s liable to do to the Deep State and D.C. largesse were he ever to assume office. It would be a proverbial bloodbath for the administrative state and all of the grifters who feed on it.

    On the other hand, they need to keep RFK Jr. within the Democrat Party fold because if he were to go rogue and run third party — which he, frankly, should have been doing all along — it would be a veritable death knell for the Brandon entity’s prospects in 2024, which are wafer-thin as it is.

    Whatever perceived threat Cornel West poses to Brandon’s re-election with his Green Party run, magnify that threat by 10x, 100x and you’re in the ballpark of what RFK Jr. would do to the party. It’s not outlandish to speculate that a strong third-party run by RFK Jr. might literally break the Democrat Party for years or possibly forever. That’s how sick of the party’s BS its own members, not to mention independents and non-voters (the largest, unserviced voting bloc in the country), are.

    RFK Jr. has already proven himself nearly bulletproof from relentless Democrat Party and corporate state media attacks — arguably on the same level in this regard as “Teflon” Don.

  • “Hays County district clerk files petition to remove DA, citing new Texas law.”

    There’s a petition to have the Hays County district attorney removed from office.

    The person who filed it? The Hays County district clerk.

    The petition was filed by Hays County District Clerk Avrey Anderson on Tuesday, Sept. 12. I

    It alleged that Hays County DA Kelly Higgins implemented and executed a policy or policies that refused to prosecute a class or type of criminal offense under state law.

    The petition said DA Higgins has made public declarations that he would not prosecute the following:

    • simple drug possession offenses
    • simple cannabis possession offenses
    • procedures committed by a licensed physician in the case that they are treating transgenders
    • procedures committed by a licensed physician in the case they are performing abortions

    According to the court documents filed, there’s been an excessive amount of felony possession of cannabis, methamphetamine and cocaine cases being declined for “random and nonspecific reasons.”

    I know one of the first questions in your mind: Is Higgins a Soros-backed DA? Answer cloudy. She got $2,000 from Chip Shields in Portland, OR. Shields founded Better People, a pro ex-con thing, but I can’t find a direct Soros link to Higgins. (Hat tip: Dwight.)

  • Things that make you go Hmmmm: “A representative of the Harris County attorney’s office told a district court judge that the county would use all legal means to prevent the deposition of the deputy director of election technology Jason Bruce.”
  • UAW goes on strike over wages, pensions…and mandating electric cars.
  • Let the child sex mutilation lawsuits begin.
  • Goodbye, Mittens.
  • National Review looks back at Simon and Garfunkel. Don’t agree with everything here, but they did make some great music Back In The Day…
  • 14-year-old son died after attempting the ‘One Chip Challenge.’ You don’t want to jump into that sort of thing without building up your resistance first. Me, I’m pretty sure I could do it, especially if I could find a way to make money off it. Maybe I could get 100,00 people to pledge a buck for every one I eat, and then then see how many I can eat on a live-stream…
  • Ever wanted to hear The Monkees’ Micky Dolenz do an album of REM covers? Yeah, me neither, but here’s “Shiny Happy People.”
  • Ooopsie! (Hat tip: Ed Driscoll at Instapundit.)
  • “Democrats Complain That Illegal Immigrants Are Destroying Their Sanctuary Cities.”
  • “Experts Believe Aaron Rodgers Ankle Injury A Result Of Being Unvaccinated.”
  • Boing! Boing! Boing!

    (Hat tip: Ace of Spades HQ.)

  • Also, my most recent job just ended. So here’s the tip jar, if you’re so inclined:





    I don’t usual rattle the jar, because I make good money when employed, and I’m hardly destitute, but every bit helps. If you know of any remote Senior Technical Writer positions, let me know.

    Newest Sign of California’s Decline: Pirates

    September 14th, 2023

    The rule of law continues to decline all across California. Today’s case in point: Oakland Bay estuary, where actual pirates are stealing and plundering ships:

  • In Oakland estuary, “the threats of pirates have risen to a new level.”
  • A few weeks ago, they were coming in off the water to steal dinghies, but now they’ve moved on to much larger boats.
  • A man outfitted his 40 foot boat as a survival home, and thieves came into the marina and stole it. He spotted it stuck to nearby rocks and asked police to impound it. They said he needed to file a police report first.
  • The police never came and his insurance company called to tell him the boat had been found trashed. “The stole GPS equipment, engine parts and three handguns.”
  • Two other large boats were stolen the same week.
  • Boat owners are now going armed.
  • The city of Oakland only has one boat officer.
  • Boat owners say they’re going to ban together to do whatever they must to protect themselves. “We don’t bother to call the police anymore. We’re going to handle it ourselves.”
  • California Democrats war on the rule of law in the name of “Social Justice” continues to fray the fabric of society. Piracy in the Americas died out because British naval action made it no longer profitable enough to be worth the increased risk. In their hurry to unmake civilization, social justice warriors have gone so soft on crime that it’s starting to become profitable again, at least in California.

    This story is the flip side of state bureaucrats seizing the boats of poor people just because they’re offend limousine liberal eyes.

    Bonus musical interlude:

    Update: The Coast Guard is now getting involved.

    Ukraine Hits Two Ships in Sevastopol Dry Dock

    September 13th, 2023

    A Ukrainian strike hit two ships in dry dock at Sevastopol harbor in occupied Crimea: One Ropucha-class landing ship and One Kilo-class submarine.

    A suspected overnight Ukrainian missile and drone attack on the Crimean port of Sevastopol has reportedly damaged a landing ship and submarine belonging to the Russian Black Sea Fleet, in what appears to be the latest blow inflicted by Kyiv against Moscow’s navy.

    The Russian state-run Tass news agency reported that the overnight attack injured 24 people in Sevastopol, with Moscow-installed city governor Mikhail Razvozhaev blaming a “missile attack.” Photos and videos of the port showed a series of explosions and fires raging around the docks. The first strikes were reported at around 3 a.m. local time. Tass reported witnesses hearing around 10 explosions.

    The Russian Defense Ministry said Sevastopol was attacked by three naval drones and 10 cruise missiles. In a statement, the ministry said that all unmanned aerial vehicles were destroyed, along with seven cruise missiles. The target, it added, was the S. Ordzhonikidze ship repair plant.

    Razvozhaev posted a photo from the scene appearing to show the side of a Ropucha-class large landing ship that sustained damage, The New York Times reported. The Russian Baza news outlet reported that the damaged landing ship was the Minsk, and that the Kilo-class Rostov-on-Don attack submarine was also hit.

    Video supposedly of the strike and aftermath (with the caveat that sometimes footage from similar strikes gets reused, and the guy’s voice at the beginning sounds strangely familiar).

    Suchomimus also has a video:

  • The fire on the Minsk seems so extensive that the ship is likely gutted.
  • The Rostov-on-Don submarine was commissioned in December 2014.
  • If it suffered a direct hit, it’s likely out of commission for the indefinite future.
  • “The dry dock will likely be out of commission for a while. These are pretty sturdy things, so I don’t think it will be fully destroyed. But the one here is now clogged with two destroyed or damaged ships, not to mention damage to various bits of machinery.” But don’t forget that Russia managed to lose a floating dry dock in Murmansk when it sank in 2018.
  • This was one of three military dry docks in Sevastopol. Russia has three civilian dry docks in Novorossiysk (which may or may not be able to handle military ships) and one in Rostov-on-Don, currently occupied by the damaged Sig oil tanker. They’re used for regular maintenance in addition to repair.
  • On the Kilo-class submarine: “Russia has just five active in the Black Sea. These are important targets, as Russia uses these to launch Kalibr missiles, so one of these being destroyed does impact Russia’s capabilities to launch strikes over the Black Sea.”
  • As Suchomimus notes, Russia seems to be losing a naval war to a country without a navy…

    Update: They’re both toast.

    New Mexico’s Democratic Governor Gun Ban Overreach Unites Own Party Against Her

    September 12th, 2023

    New Mexico Democratic Governor Lujan Grisham declaration that she could unilaterally suspend parts of the United State Constitution by decree have gone over like a depleted uranium balloon:

    New Mexico’s Democratic attorney general notified the governor, a fellow Democrat, on Tuesday that he will not defend her in litigation challenging her public health order temporarily banning firearms in certain counties and imposing other gun restrictions.

    The prohibition applies to Albuquerque and Bernalillo counties.

    “Though I recognize my statutory obligation as New Mexico’s chief legal officer to defend state officials when they are sued in their official capacity, my duty to uphold and defend the constitutional rights of every citizen takes precedence,” New Mexico attorney general Raúl Torrez wrote to fellow Democratic Governor Michelle Lujan Grisham in a letter. “Simply put, I do not believe that the Emergency Order will have any meaningful impact on public safety but, more importantly, I do not believe it passes constitutional muster.”

    Multiple plaintiffs — the National Association for Gun Rights, We the Patriots USA, residents of the affected counties, and Gun Owners of America — filed lawsuits against Grisham and her administration over the dictate.

    Bernalillo County Sheriff John Allen announced Monday that his office would not enforce the order, arguing that it is unconstitutional, according to the NM Political Report.

    “There’s no way we can enforce that order. This ban does nothing to curb gun violence,” Allen said at a Monday press conference. “We must always remember not only are we protecting the Second Amendment, but at the same time, we have a lot of violence within our community. Let me be clear, I hold my standards high, and I do not or never will hedge on what is right.”

    Know who else won’t enforce the ban? Bernalillo County District Attorney Sam Bregman, Albuquerque Mayor Tim Keller and Police Chief Harold Medina. That pretty much leave only the state police to enforce Grisham’s unconstitutional ban. And none of them were in evidence when 150 or so New Mexico citizens violated the ban without being arrested.

    Prior to Grisham’s unconstitutional decree, open carry was “legal in New Mexico without a license for anyone at least 19 years of age who can legally possess a firearm.” And, actually, it still is, it’s just that Grisham and her lackeys want to pretend she has the power to abrogate the constitution and pass laws by royal decree without benefit of the legislative branch.

    It’s well documented that Democrats love banning guns almost as much as graft and abortion. The fact that so many prominent New Mexico Democrats have said categorically that they won’t back Grisham’s insane power play is telling as to just how far out of the mainstream her illegal ban grab is.

    CEO Gets $379 Million For Money-Losing EV Company

    September 11th, 2023

    I’m not a big fan of electric vehicles, which still don’t have the range or battery longevity to be tempting as a regular driving option.

    Also, outside Telsa (which obviously has some record of financial success), the whole EV space seems screwy. Today’s case in point: A company called Lucid, which I only know from various sketchy speed-test videos on YouTube, paid its CEO $379 million for 2022:

    It’s rare for CEOs to rebuke their peers’ outlandish pay packages—mostly because they’d be throwing stones from glass houses—but Lucid Motors’ CEO Peter Rawlinson drew sharp criticism from his EV rival Elon Musk on Monday after earning the title of the highest paid executive in the automotive business.

    “Beware any company where leadership compensation is not linked to performance,” the Tesla CEO wrote on X in response to a post about Rawlinson’s pay.

    Rawlinson received a $379 million compensation package in 2022 for his role at the luxury EV maker Lucid, including a $575,000 base salary, $5.5 million of stock options, and an incredible $373 million in stock awards, according to a new CEO compensation survey from Automotive News and Equilar.

    Notwithstanding Musk’s criticism, Rawlinson earned his huge pay package after hitting market-cap targets for Lucid early last year, SEC filings show. Lucid, like 88% of the 250 largest publicly traded U.S. firms, now uses performance-based compensation for at least some portion of its executive pay.

    Snip.

    Lucid’s stock fell more than 82% in 2022, and the company earned total revenue of just $608.2 million. Also, when comparing Rawlinson’s pay to his peers in the automotive business, his latest compensation package appears extreme. Rawlinson’s total compensation in 2022 was 11 times greater than the $34 million earned by the second-highest-paid automotive CEO, GM’s Mary Barra, and 21 times greater than the $18.3 million Ford CEO Jim Farley made.

    CEOs at fellow EV startups aren’t making anywhere near Rawlinson’s total compensation, either. Rivian Automotive CEO Robert Scaringe earned roughly $1 million in 2022, even though his company is now worth over $22 billion, over 50% more than Lucid Motors’ roughly $14 billion.

    Keep in mind that Lucid lost over $2 billion over the last year. Now, startups can take a while before they turn profitable, but paying the CEO of an unprofitable company hundred of millions of dollars to boost the stock price of a money-losing company sounds awful pump-and-dumpish to me. The EV space is hardly free of companies that turned out to be run by fraudsters.

    Lucid claims the Lucid Air Sapphire is going to be the fastest production EV in the world, and has heavily FX-edited videos to prove it. Then again, they also had similar videos six years ago.

    Like Musk, I still think your company should actually turn a profit before paying your CEO more than any other CEO in the world.

    I’m old fashioned that way.

    Caveat Emptor.

    (Hat tip: Ace of Spades HQ.)

    Mangosuthu Buthelezi, RIP

    September 10th, 2023

    South African Zulu leader and key figure in helping end apartheid Mangosuthu Buthelezi has died at age 95.

    Mangosuthu Buthelezi, a towering figure in South African politics and outspoken Zulu chief, has died at the age of 95.

    During the racist apartheid regime, he founded the Zulu Inkatha [Freedom] party after becoming disillusioned with the African National Congress (ANC).

    Thousands were killed in clashes between supporters of the two parties in the early 1990s.

    But he was later welcomed back into the fold, serving as President Nelson Mandela’s minister of home affairs.

    Chief Buthelezi was a shrewd but controversial politician, who disagreed with the ANC’s tactics of armed action against white-minority rule and trod a moderate path as leader of an ethnic-Zulu homeland.

    He was opposed to international sanctions on South Africa, arguing that they would only harm the country’s black majority.

    Buthelezi was a key figure in ending apartheid, not only as ancestral leader of the Zulu nation, the largest ethnic group in South Africa, but also as elected leader of the (at the time) KwaZulu bantustan homeland. Both he and his Inkatha Freedom Party were strongly pro-Western, pro-capitalist and anticommunist, as opposed to the ANC, who were unabashed allies of the South African Communist Party. The ANC itself was riddled with communist sympathizers, including Mandela’s wife Winnie, who was a real piece of work, and who advocated “necklacing” ANC’s political opponents by setting fire to gasoline-filled tires around their neck.

    Despite this, Buthelezi insisted that Nelson Mandela’s release was a precondiction for a political solution in South Africa.

    For decades, the Soviet Union had been funding communist revolutionary organizations around the world, the economic strain of which was one of the many factors (along with communism’s horrible economic inefficiency and low oil prices) that forced Soviet leader Mikhail Gorbachev to institute perestroika and glasnost. Those dire economic straits meant the Soviets could no longer afford to fund their “franchise for totalitarianism” program for communist parties in Africa and elsewhere.

    The combination of Soviet bankruptcy, Buthelezi’s insistence on a peaceful, democratic and capitalistic post-apartheid South Africa, Nelson Mandela’s moderation, and South African President F. W. de Klerk belief that apartheid was unsustainable all came together to allow South Africa a peaceful transition to majority rule.

    For all the troubles South Africa has experienced over the last 40 years, it has fared far better than the like of Zimbabwe, Mozambique or Angola, and Buthelezi’s influence was a big factor in making South Africa’s transition a peaceful one.

    I met Buthelezi at a 1987 Dallas-area conference put on by the Landrum Society, a conservative group founded (I think) by Dallas Morning News columnist William Murchison. Buthelezi struck me as a smart, dignified man.

    In addition to his political work, he also got to play his own ancestor in the classic film Zulu. How cool is that?

    Woman Goes To LAPD About Stolen Credit Card. One Of Them Stole It.

    September 9th, 2023

    Here’s a short, scary video about a woman who’s had thousands of dollars charged to her stolen debit card. Both Citibank and LAPD were unhelpful.

    Then she started investigating on her own, and discovered that store footage showed the perp was the LAPD officer she had handed her card to to bail out a relative.

    She’s fortunate that the bad cop was stupid enough to carry out his shopping spree in stores with security cameras.

    If you have to hand your credit or debit cards to someone, always make sure you get them back right after use.