• The young non-conservative right

    April 27, 2022
    Culture, US politics

    Samuel Goldman:

    The kids are not all alright.

    Nor is bad English. “All right” is two words.

    That’s the message from Vanity Fair, the May issue of which includes a report from a small but colorful corner of the intellectual and political landscape. In the after-parties and corridors of the National Conservatism conference held in Orlando last October, reporter James Pogue discovered a subterranean network of “podcasters, bro-ish anonymous Twitter posters, online philosophers, artists, and amorphous scenesters.” Attracted to the right but far from conservative, these dissidents dream of overthrowing some of the basic premises of 21st-century American life. Where others might see a threatened but legitimate constitutional order or a struggling yet still functional economy, they perceive a tyrannical yet incompetent “regime” collapsing under its own weight.

    The shock value associated with these views is an important part of their appeal. As the boundaries of acceptable opinion shift to the left, at least within major institutions, the opportunities for dissent have become concentrated on the right. In universities, media, and many big companies, there’s nothing controversial about saying that white people are an essentially malign portion of the human race, that gender is independent of biological sex, or that people who voted for former President Donald Trump are an existential threat to democracy. If you aim to provoke, you’d better reject these claims, loudly and often. On social media, this countercultural quality is known as being “based.”

    But there’s more to the “new right,” as it’s somewhat anachronistically known (a succession of movements with similar names has emerged since the 1950s), than being based. This motley crew is composed of people in their 20s and early 30s, largely though not entirely men. A recurring theme in their conversation, in the piece as well as the blogposts, Twitter threads, and private chats where they develop their ideas, is the belief that some kind of revolution would be necessary for them to achieve goals that once would have seemed utterly mundane. Not so long ago, professional advancement, stable romantic relationships, and residential independence seemed like the birthright of young Americans industrious or lucky enough to graduate from college and make it to one of the metro areas heavily populated by others of their kind. Today, these markers of adulthood can be delayed by years or decades — and increasingly seem out of reach.

    The frathouse atmosphere Pogue describes reflects that arrested development. Unlike the buttoned-up official sessions of the conference, the new right confabs revolved around late nights, many drinks, and casual attire. Despite the contempt for academia that infuses the new right, its intellectual and social style derives more from the college campus than from the “real America” that its participants idealize.

    In that respect, the new right can be viewed as a negative image of the woke left. Both movements invoke a favored cohort of the truly disadvantaged. In practice, they’re more attentive to the anxieties of what George Orwell called the “lower-upper-middle class” — in updated terms, the journalists, academics, and other “knowledge workers” whose expectations outstrip their income. On the left, that encourages a fixation on symbolic diversity, student debt, radical police reform, and other issues that are distant from the actual concerns of the poor and racial minorities. On the right, it leads to otherwise perplexing obsessions with content moderation on social media, bodybuilding, and other displays of flamboyant manliness and obscure theological doctrines.

    You can acknowledge the tensions between the nominal goals of extremist youth movements and their underlying inspiration without dismissing them as poseurs or fools. Moralistic tendencies dominate precisely because they’re not driven by outright material deprivation. The appeal of the new right doesn’t lie in its policy proposals, which range from sketchy to fanciful. It lies in the ability to tell a sweeping story about what’s worth fighting for, why it’s so elusive, and who is to blame.

    Early in 1941, the German-Jewish political philosopher Leo Strauss delivered a consideration of the generational appeal of the far-right to his colleagues on the faculty of the New School for Social Research. Drawing on his experiences as a young intellectual in the 1920s and early ’30s, Strauss argued that opposition to the Weimar Republic among his educated contemporaries was essentially a protest against the formless boredom of modern life. Assured of survival without enjoying real security and lacking causes to inspire sacrifice, “young nihilists” turned not only against liberal democracy but against civilization itself.

    In the lecture on “German nihilism,” Strauss suggested that this energy could have been diverted from its rendezvous with National Socialism by more skillful education, particularly in ancient philosophy. I have always found this conclusion dubious. The yearning for risk and commitment he describes can only rarely be satisfied in the library or classroom. For the young and the restless, ideas are appealing to the extent that they inspire action rather than merely offering the opportunity for contemplation.

    To be clear, the revolutionary instincts of today’s pseudonymous bloggers, underemployed graduate students, and freelance journalists have limited appeal at the moment. As Pogue emphasizes, this strand of the new right is somewhat distinct from the more populist and electorally consequential MAGA movement. J.D. Vance and Blake Masters, both supported by their former employer Peter Thiel, have tried to bridge the gaps in campaigns for the GOP Senate nominations in Ohio and Arizona, respectively. With Trump’s endorsement, they may best divided fields in the upcoming primaries (neither is currently leading). But their efforts so far have relied more heavily on familiar culture warring than the reactionary modernism found in online conversations.

    Still, the dissidents at the Orlando afterparty are both responding to a transformation of the intellectual right and helping to ensure that it continues. While they remain staples of think tank issue papers and fundraising appeals, ritualized appeals to the Founders, the Constitution, or patriotic loyalty to the existing United States have become passé among a younger generation of thinkers, writers, and readers. It’s no use to tell these elements of the new right that they’re not particularly conservative, because they already know that. With building hopes for a kind of Caesar willing to mount a frontal assault on “the regime,” the question is what comes next. 

    It’s not clear how this is really a threat except to the political left. The Vanity Fair story describes:
    NatCon, as this conference is known, has grown into a big-tent gathering for a whole range of people who want to push the American right in a more economically populist, culturally conservative, assertively nationalist direction. It draws everyone from Israel hawks to fusty paleocon professors to mainstream figures like Ted Cruz and Marco Rubio. But most of the media attention that the conference attracts focuses on a cohort of rosy young blazer-wearing activists and writers—a crop of people representing the American right’s “radical young intellectuals,” as a headline in The New Republic would soon put it, or conservatism’s “terrifying future,” as David Brooks called them in The Atlantic. …
    They have a wildly diverse set of political backgrounds, with influences ranging from 17th-century Jacobite royalists to Marxist cultural critics to so-called reactionary feminists to the Unabomber, Ted Kaczynski, whom they sometimes refer to with semi-ironic affection as Uncle Ted. Which is to say that this New Right is not a part of the conservative movement as most people in America would understand it. It’s better described as a tangled set of frameworks for critiquing the systems of power and propaganda that most people reading this probably think of as “the way the world is.” And one point shapes all of it: It is a project to overthrow the thrust of progress, at least such as liberals understand the word.
    This worldview, these worldviews, run counter to the American narrative of the last century—that economic growth and technological innovation are inevitably leading us toward a better future. It’s a position that has become quietly edgy and cool in new tech outposts like Miami and Austin, and in downtown Manhattan, where New Right–ish politics are in, and signifiers like a demure cross necklace have become markers of a transgressive chic. No one is leading this movement, but it does have key figures. …
    At one end are the NatCons, post-liberals, and traditionalist figures like Benedict Option author Rod Dreher, who envision a conservatism reinvigorated by an embrace of localist values, religious identity, and an active role for the state in promoting everything from marriage to environmental conservation. But there’s also a highly online set of Substack writers, podcasters, and anonymous Twitter posters—“our true intellectual elite,” as one podcaster describes them. This group encompasses everyone from rich crypto bros and tech executives to back-to-the-landers to disaffected members of the American intellectual class, like Up in the Air author Walter Kirn, whose fulminations against groupthink and techno-authoritarianism have made him an unlikely champion to the dissident right and heterodox fringe. But they share a the basic worldview: that individualist liberal ideology, increasingly bureaucratic governments, and big tech are all combining into a world that is at once tyrannical, chaotic, and devoid of the systems of value and morality that give human life richness and meaning—as Blake Masters recently put it, a “dystopian hell-world.” …
    Vance believes that a well-educated and culturally liberal American elite has greatly benefited from globalization, the financialization of our economy, and the growing power of big tech. This has led an Ivy League intellectual and management class—a quasi-aristocracy he calls “the regime”—to adopt a set of economic and cultural interests that directly oppose those of people in places like Middletown, Ohio, where he grew up. In the Vancian view, this class has no stake in what people on the New Right often call the “real economy”—the farm and factory jobs that once sustained middle-class life in Middle America. This is a fundamental difference between New Right figures like Vance and the Reaganite right-wingers of their parents’ generation. To Vance—and he’s said this—culture war is class warfare.
    At a minimum the Vanity Fair story represents yet again the usual lefty dismissal of any views that don’t agree with theirs. It’s not clear why people should be surprised, though, that there would be a counterreaction to the metastasizing freak show that is liberalism today, in which non-liberal whites are automatically evil, non-liberal men are automatically evil, and approval of, for instance, those dissatisfied with the sex they were born with is demanded.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on The young non-conservative right
  • Twitter with Musk

    April 27, 2022
    media, US business, US politics

    Robby Soave:

    Twitter has a new sheriff in town, and his name is Elon Musk. The world’s wealthiest man offered to buy the social media site for $44 billion, and the company’s board accepted the offer yesterday.

    Musk has many reasons for buying the company, but his main drive appears to be to preserve—or even strengthen—the site’s commitment to the principles of free speech.

    “Twitter is the digital town square, where matters vital to the future of humanity are debated,” tweeted Musk.

    Admittedly, the town square analogy is imperfect, as my colleague Liz Wolfe highlighted in her excellent post on the subject. For one thing, Twitter is a private company, rather than a genuinely public space, which means that it is not bound by the First Amendment. Unlike the actual town square, Twitter retains the right to punish users for perfectly legal speech. It’s also the case that while Twitter is incredibly important for the political class, journalists, business leaders, and other social influencers, it’s not nearly as big or as frequently visited as Facebook, YouTube, or TikTok. As Techdirt’s Mike Masnick put it, the entire internet is really the town square; Twitter is one small space that’s part of it.

    Twitter’s social importance is inflated by media and political figures because the site is their preferred virtual meeting ground. This is true of Musk himself; he clearly enjoys the platform, and uses it to great effect, and thus may be overstating its importance to society. But there are many others ways to communicate political messages, and if Twitter ceased to exist tomorrow, it’s doubtful that anyone’s ability to speak would be irreparably harmed.

    Admittedly, the people really overstating Twitter’s importance are actually Musk’s critics in progressive and mainstream media. And boy are they overstating it: Current Affairs Editor in Chief Nathan Robinson fretted that “the only comforting reason to think [former President] Donald Trump might not win in 2024 is that his prior success was so dependent on his Twitter account. If Musk takes over it’s very likely that Trump will be back and therefore unstoppable.”

    Robinson apparently thinks that Trump’s ability to win reelection hinges on whether he’s on Twitter. Not the shape of the U.S. economy, the direction of the pandemic, or whether President Joe Biden’s ill-considered policies have created an opening for the former president…but Twitter.

    Frustratingly, many liberals and progressives—especially in the media—have convinced themselves that the only way to effectively counter bad speech is to label it misinformation or harassment and prevent it from being uttered. This runs counter to Musk’s stated views on the subject, which reflect classically liberal ideas about speech.

    I hope that even my worst critics remain on Twitter, because that is what free speech means

    — Elon Musk (@elonmusk) April 25, 2022

    It’s strange to see this idea—that silencing opponents is not only self-defeating but also wrong on principle—transformed into an explicitly right-wing talking point. This is a demoralizing result of the new political reality, in which the journalists and bureaucrats who comprise Team Blue fear and distrust speech they cannot control, while Team Red purports to love free speech even as its political figures wage war on speech they do not like. And it’s one that does not work to Democrats’ advantage; as Nate Silver points out, free speech in the abstract is extremely popular among the voting public.

    The best way to de-politicize the social media free speech debate—and the optimal thing that Musk could do with control of Twitter—would be to devolve content curation to individual users, as I explained in The Los Angeles Times:

    “Elon Musk’s best bet would be to devolve content curation to individual users. Many on the right are frustrated with Twitter’s inconsistently applied rules, regardless of whether they are enforced by algorithms or by human employees of the company; many progressives, on the other hand, are afraid that lax moderation means more misinformation or harassment. The least polarizing way forward is to give users more means of controlling their own feeds. If you have a low tolerance for unpleasantness, you should be able to turn on a setting that shields you from the worst of what can appear on the platform. If you prefer the Wild West, there should be a setting for you, too.”

    In any case, I hope that fixing Twitter doesn’t distract Musk from his far more important goal of colonizing Mars (something NPR criticized as imperialist, because of course they did). We’re already a multi-platform species, but not yet a multi-planet species.

     

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Twitter with Musk
  • Presty the DJ for April 27

    April 27, 2022
    Music

    The number one single today in 1963 was recorded by a 15-year-old, the youngest number one singer to date:

    The number one British single today in 1967 was that year’s Eurovision song contest winner:

    The number one single today in 1985:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for April 27
  • And Twitter is all a-twitter

    April 26, 2022
    media, US business, US politics

    Liz Wolfe:

    Over the last week, SpaceX and Tesla founder Elon Musk arranged $46.5 billion in financing to follow through on his unsolicited offer to Twitter’s board to buy the social media site from them. This afternoon, the board accepted Musk’s offer to buy the company for $54.20 a share.

    Long a Twitter power user/troll/loudmouth, Musk bought a 9.2 percent stake in the company last month, becoming the largest shareholder, before deciding he’d rather have the whole thing.

    Cue hysteria! Musk haters have taken to the site to declare that Donald Trump will now probably win the 2024 election, that Musk’s bid is really about white power, that Section 230 must be reformed, and that, yes, Musk’s new policies will be lethal. (Perhaps the death toll will be even larger than net neutrality‘s!)

    So, for users of the platform, what’s likely to change?

    Musk has panned the site’s existing content moderation policies, saying they are too restrictive and encroach on people’s ability to speak freely without being censored. Some liberalization of these policies and the re-platforming of controversial figures like former President Donald Trump—who was banned in the wake of the January 6 riot for inciting violence among his fans—seems likely, though unpopular with droves of users.

    At the mid-April TED conference in Vancouver, Musk talked about his interest in making Twitter’s algorithm open-source. The Diff‘s Byrne Hobart took this a step further,  outlining how “Twitter should monetize a protocol rather than run an app,” and explaining the tension between Twitter as a consumer product and as “a way for individual users to update a universal shared database, which can then be filtered based on who’s interested in what.” Hobart claims that it’s possible that Twitter has been “radically miss-monetized,” and that Musk could potentially realign its priorities. However, little of the online discourse has focused on the technical possibilities.

    The new Twitter owner has, through coy tweets, hinted that his new policies will not be applied arbitrarily and that consistent application will mean some number of right-wing users currently cheering his new ownership will surely be disappointed …

    Elsewhere, Musk has said that Twitter is a “town square” or “public square,” and that banning people from using the platform effectively prevents them from participating in the important discussions of the day.

    Though people who care about fostering a culture of free speech may agree with the tenor of Musk’s comments, the analogy is a terrible one. For most of America, the public square is the school board meeting and the town council meeting. There are also numerous other privates spaces for civic engagement: the church pulpit and the post-sermon fray it inspires; neighborhood listservs and the cesspool that is NextDoor; or maybe it’s Facebook, in-person conversations, and email lists. For many millions of Americans, Twitter is not integral to hashing out values, concerns, and disagreements. Think of the implications if we expected the government to treat such companies—which have their own terms of service and standards that they are free to decide and we are free to consent to—as something akin to public utilities.

    If anything, the new owner of a social media company should convey an inflated sense of the platform’s worth! But Musk has at times, despite his forceful defense of free speech culture on the internet, repeated confused talking points that indicate scattered thinking while simultaneously failing to fully flesh out what day-to-day operations will look like. For example, a lot of content moderation involves the unsexy—and not very ideological—challenge of keeping spam under control. And, as Mike Masnick points out at Techdirt, Musk doesn’t seem to have a particularly robust understanding of “hate speech” and how much of what we call hate speech is, in fact, protected by the First Amendment.

    A lot remains to be seen about how Twitter will change and what Musk will bring to the table. Optimism, with some reservations about Musk’s ability to execute, seems warranted. Hysteria—like declaring that it’s now open season for white supremacists, that Musk’s vision for free speech will be “lethal,” or that Musk is an echo of imperialist, colonizer forebears because he wants to go to Mars—is not.

    But the mere hyperreaction makes Musk an unqualified success.

    Live shot of Twitter HQ at this very moment pic.twitter.com/XceYVa0VLl

    — Benny Johnson (@bennyjohnson) April 25, 2022

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on And Twitter is all a-twitter
  • Presty the DJ for April 26

    April 26, 2022
    Music

    Imagine having tickets to today’s 1964 NME winner’s poll concert at Wembley Empire Pool in London:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for April 26
  • Presty the DJ for April 25

    April 26, 2022
    Music

    The number one single today in 1960:

    The number one single today in 1970:

    The number one album today in 1987 was U2’s “The Joshua Tree”:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for April 25
  • Disney Woke

    April 25, 2022
    US business, US politics

    The Wall Street Journal:

    The Walt Disney Co. needs Florida more than Florida needs Walt Disney. That’s the latest chapter in this tale of a CEO who followed his woke staff like a lemming off the cliff of cultural politics. Disney employees demanded that Mickey Mouse oppose Florida’s misdescribed “don’t say gay” bill. Now state lawmakers are reacting by putting down a few glue traps.

    ***

    The Florida Legislature voted this week to abolish the Reedy Creek Improvement District, which in effect lets Disney World run its own private government. Created by the Legislature in 1967, the district covers about 40 square miles and features two water parks and four theme parks, including the Magic Kingdom. Disney essentially controls land use, environmental protection, fire service, utilities, more than 100 miles of roads, and more. …

    The Journal cites a source who knows Disney’s finances and says the district saves the company tens of millions of dollars a year. Without it, services like fixing potholes could revert to county government.

    Disney largely funds the Reedy Creek district, which had about $150 million in revenue last year. It also carries close to $1 billion in debt. The mayor of Orange County warned Thursday that if the district goes, then upkeep will “fall to the county’s budgets,” putting “an undue burden on the rest of the taxpayers.” The headaches look large enough that it’s difficult not to wonder about the bill’s effective date. It dissolves the Reedy Creek district on June 1, 2023—time for Disney and Mr. DeSantis to make up.

    Are Florida Republicans engaged in unfair political retaliation? “As a matter of first principle,” Mr. DeSantis said last month, “I don’t support special privileges in law, just because a company is powerful.” Live by the corporate carve-out, die by the corporate carve-out. As a matter of political realism, the Reedy Creek district is a perk the state gave Disney. The mystery is why Disney thought it could push around state lawmakers without any pushback.

    One answer is that previous corporate political signaling came with little cost and media hosannas. Recall when Major League Baseball pulled its All-Star Game out of Atlanta, as a punishment for Georgia’s new voting law. “Fair access to voting continues to have our game’s unwavering support,” Commissioner Rob Manfred said. The voting law “does not match Delta’s values,” fretted CEO Ed Bastian.

    Did they read the bill? Or did they trust President Biden, who called it “Jim Crow 2.0”? Voting absentee in Georgia is still easier than in New York or Delaware.

    The political frenzy in Florida began with a similar dynamic. Early versions of the state’s controversial bill were broader, but here’s the key line in the law that passed: “Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age-appropriate.” That language belies the claim that kids with gay siblings or two moms couldn’t talk openly about their families.

    At first CEO Bob Chapek told employees that Disney would take no position. “As we have seen time and again, corporate statements do very little to change outcomes or minds,” he wrote. “Instead, they are often weaponized by one side or the other to further divide and inflame.” But inspired by an earlier tweet from former CEO Bob Iger, Disney employees went into open rebellion. Soon Mr. Chapek was groveling to his underlings and calling Florida’s bill a “challenge to basic human rights.”

    Perhaps he thought this would be a free way to mollify his staff, but Mr. Chapek misjudged the political moment. Republican voters who have watched companies side with the progressive agenda and silence employees who disagree are fed up. Mr. Chapek was right the first time: Disney’s political foray didn’t stop the Florida law. But it made a lot of people mad, including Disney customers and state lawmakers.

    ***

    There’s a warning here to other companies, especially Big Tech and Wall Street, which are mainly based in liberal states but conduct business everywhere. If they try to impose their cultural values, they risk losing Republican allies on the policy issues that matter most to their bottom lines, such as regulation, trade, taxation, antitrust and labor law. Polls show rising GOP hostility to big business, and that is likely to be reflected when Republicans take power.

    If good tax policy can’t pass Congress because Republican voters are furious about cultural imperialism from the C-suite, that’s bad for the country. It’s also bad for business. The Disney lesson for CEOs is to stay out of these divisive cultural fights. The lesson for political partisans in the workplace is that their bosses run the office, but they don’t run the country.

    James Freeman:

    If there’s any good to come from the Walt Disney Company’s opposition to Florida’s new parental rights law, it may be in helping to expose the misleading promises of the “corporate social responsibility” movement. …

    Disney’s intervention into Florida politics highlights again the problems that arise when businesses stray from their central purpose of creating long-term value for shareholders. This column has been criticizing the 2019 decision by the Business Roundtable to rewrite its principles. All but a handful of the CEOs of large corporations that comprise the group’s membership agreed that year that a corporation should not simply focus on serving shareholders but instead commit to serving a larger universe of vaguely defined “stakeholders.”

    The Business Roundtable’s rewrite was a mistake because serving the long-term interests of shareholders necessarily requires executives to treat non-owners fairly—to attract and retain a talented workforce, to provide good value for consumers, to deal reasonably with suppliers, and to respect the laws and customs wherever a business operates. On the other hand, “stakeholders” are often activists pursuing political agendas that they couldn’t persuade voters to approve and for which they won’t have to pay. There’s no good reason to elevate their gripes above the interests of others. Milton Friedman, who would go on to win a Nobel Prize in economics, explained more than half a century ago the flaws in such declarations:

    What does it mean to say that the corporate executive has a “social responsibility” in his capacity as businessman? If this statement is not pure rhetoric, it must mean that he is to act in some way that is not in the interest of his employers.

    This brings us to Disney and its CEO Bob Chapek, who seems to have decided that some “stakeholders” should drive corporate activism while other “stakeholders” should be ignored. Mr. Chapek’s signature appears on the Roundtable’s current version of its policy:

    Statement on the Purpose of a Corporation

    Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for al

    Businesses play a vital role in the economy by creating jobs, fostering innovation and providing essential goods and services. Businesses make and sell consumer products; manufacture equipment and vehicles; support the national defense; grow and produce food; provide health care; generate and deliver energy; and offer financial, communications and other services that underpin economic growth.

    While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders.

    The statement continues and specifically includes the following pledge:

    Supporting the communities in which we work. We respect the people in our communities and protect the environment by embracing sustainable practices across our businesses.

    Time will tell how sustainable Disney’s business is over the long term. But how supportive and respectful is a company that presumes to tell the community of Florida parents that they must accept state-sponsored instruction in gender identity for six-year-olds?

    In March, after the parental rights bill had passed Florida’s duly-elected state senate, Mr. Chapek issued a statement on behalf of Disney suggesting it was a “challenge to basic human rights.”

    This column must have missed the section of the Constitution guaranteeing government employees the right to give sexuality lectures in kindergarten classrooms.

    Voters and shareholders beware, Mr. Chapek also announced that he will be using Disney resources to promote his corporate social agenda nationwide:

    Starting immediately, we are increasing our support for advocacy groups to combat similar legislation in other states.

    Does he not even wish to learn what the “stakeholders” in those other states want for their children? Apparently not, and this should not come as a surprise given the lack of respect he’s extending to his stakeholders in Florida.

    Also, how do Disney shareholders benefit from Mr. Chapek’s foray into cultural politics? Some may want to sell their stakes and instead buy shares in a business where the CEO demonstrates corporate responsibility—to the owners.

    For what it’s worth, Disney’s stock price dropped 2.78 percent Friday.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Disney Woke
  • Everything is for sale for the right price

    April 25, 2022
    media, Uncategorized, US business, US politics

    The Wall Street Journal:

    Twitter Inc. is in discussions to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter said, a dramatic turn of events just 10 days after the billionaire unveiled his $43 billion bid for the social-media company.

    The two sides met Sunday to discuss Mr. Musk’s proposal and were making progress, though still had issues to hash out, the people said. There are no guarantee they will reach a deal.

    Twitter had been expected to rebuff the offer, which Mr. Musk made April 14 without saying how he would pay for it, and put in place a so-called poison pill to block him from increasing his stake. But after the Tesla Inc. TSLA -0.37% chief disclosed that he has $46.5 billion in financing and the stock market swooned, Twitter changed its posture and opened the door to negotiations, The Wall Street Journal reported earlier Sunday.

    Mr. Musk has said from the beginning that his $54.20-a-share offer is his “best and final,” and he reiterated to Twitter’s chairman Bret Taylor again in recent days that he won’t budge on price, some of the people said. The conversations between the two sides were expected to focus on issues including what Mr. Musk would pay should an agreed deal fall apart before being consummated.

    Twitter is slated to report first-quarter earnings Thursday and had been expected to weigh in on the bid then, if not sooner.

    The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company to extol the virtues of his proposal while repeating that the board has a “yes-or-no” decision to make, according to people familiar with the matter. He also pledged to solve the free-speech issues he sees as plaguing the platform and the country more broadly, whether his bid succeeds or not, they said.

    Mr. Musk made his pitch to select shareholders in a series of video calls, with a focus on actively managed funds, the people said, in hopes that they could sway the company’s decision.

    Mr. Musk said he sees no way Twitter management can get the stock to his offer price on its own, given the issues in the business and a persistent inability to correct them. It couldn’t be learned if he detailed specific steps he would take, though he has tweeted about wanting to reduce the platform’s reliance on advertising, as well as to make simpler changes such as allowing longer tweets.

    Some shareholders rallied behind him following the meetings. Lauri Brunner, who manages Thrivent Asset Management LLC’s large-cap growth fund, sees Mr. Musk as a skilled operator. “He has an established track record at Tesla,” she said. “He is the catalyst to deliver strong operating performance at Twitter.” Minneapolis-based Thrivent has a roughly 0.4% stake in Twitter worth $160 million and is also a Tesla shareholder.

    Mr. Musk already has said he is considering taking his bid directly to shareholders by launching a tender offer. Even if he was to get significant shareholder support in a tender offer—which is far from guaranteed—he would still need a way around the company’s poison pill, a legal maneuver it employed that effectively blocks him from building his stake to 15% or more.

    One oft-employed tactic to push a bid, seeking to gain control of the target’s board, is out of reach for now. Twitter’s directors have staggered terms, meaning a dissident shareholder would need multiple years to gain control rather than a single shareholder vote. Twitter tried last year to phase out the staggered board terms given that they are frowned upon by the corporate-governance community, but not enough shareholders voted on the measure. The company is attempting to do so again at this year’s annual meeting set for May 25. Only two directors are up for re-election, and it is too late for Mr. Musk to nominate his own.

    Twitter’s shares have been trading below his offer price since he made the bid April 14, typically a sign that shareholders are skeptical a deal will happen, though they did close up roughly 4% Friday at $48.93, the day after he unveiled financing for the deal. Mr. Musk has indicated that if the current bid fails, he could sell his stake, which totals more than 9%.

    The financing included more than $25 billion in debt coming from nearly every global blue-chip investment bank aside from the two advising Twitter. The remainder was $21 billion in equity Mr. Musk would provide himself, likely by selling existing stakes in his other businesses such as Tesla. The speed at which the financing came together and the market selloff in recent days—which makes the all-cash offer look relatively more attractive—likely contributed to Twitter’s greater willingness to entertain Mr. Musk’s proposal.

    Twitter’s board should engage with Mr. Musk since its stock has “gone nowhere” since the company went public eight years ago, Jeff Gramm, a portfolio manager with Bandera Partners LLC, a New York hedge fund with about $385 million under management, said earlier. The firm last bought Twitter shares in February and owns about 950,000 overall, which accounts for about 11% of its portfolio.

    Mr. Gramm said Twitter’s board can’t walk away from Mr. Musk’s offer without providing an alternative that gives real value to shareholders. “I’m not sure what that can be at this stage besides finding a higher bid,” he said.

    This will give Twitter employees a new attack of the vapors this morning.

     

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Everything is for sale for the right price
  • Presty the DJ for April 24

    April 24, 2022
    Music

    The number one British single today in 1959, although you may think …

    The number one single today in 1961:

    The number one single today in 1965:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for April 24
  • Presty the DJ for April 23

    April 23, 2022
    Music

    The number one British single today in 1964 was written by John Lennon and Paul McCartney, but not performed by any of the Beatles:

    Where might you have heard what was the number one British single today in 1969?

    The number one single today in 1977:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for April 23
Previous Page
1 … 174 175 176 177 178 … 1,034
Next Page

Website Powered by WordPress.com.

Steve Prestegard.com: The Presteblog

The thoughts of a journalist/libertarian–conservative/Christian husband, father, Eagle Scout and aficionado of obscure rock music. Thoughts herein are only the author’s and not necessarily the opinions of his family, friends, neighbors, church members or past, present or future employers.

  • Steve
    • About, or, Who is this man?
    • Facebook
    • Twitter
    • Adventures in ruralu0026nbsp;inkBack in June 2009, I was driving somewhere through a rural area. And for some reason, I had a flashback to two experiences in my career about that time of year many years ago. In 1988, eight days after graduating from the University of Wisconsin, I started work at the Grant County Herald Independent in Lancaster as a — well, the — reporter. Four years after that, on my 27th birthday, I purchased, with a business partner, the Tri-County Press in Cuba City, my first business venture. Both were experiences about which Wisconsin author Michael Perry might write. I thought about all this after reading a novel, The Deadline, written by a former newspaper editor and publisher. (Now who would write a novel about a weekly newspaper?) As a former newspaper owner, I picked at some of it — why finance a newspaper purchase through the bank if the seller is willing to finance it? Because the mean bank lender is a plot point! — and it is much more interesting than reality, but it is very well written, with a nicely twisting plot, and quite entertaining, again more so than reality. There is something about that first job out of college that makes you remember it perhaps more…
    • Adventures in radioI’ve been in the full-time work world half my life. For that same amount of time I’ve been broadcasting sports as a side interest, something I had wanted to since I started listening to games on radio and watching on TV, and then actually attending games. If you ask someone who’s worked in radio for some time about the late ’70s TV series “WKRP in Cincinnati,” most of them will tell you that, if anything, the series understated how wacky working in radio can be. Perhaps the funniest episode in the history of TV is the “WKRP” episode, based on a true story, about the fictional radio station’s Thanksgiving promotion — throwing live turkeys out of a helicopter under the mistaken belief that, in the words of WKRP owner Arthur Carlson, “As God is my witness, I thought turkeys could fly.” [youtube=http://www.youtube.com/watch?v=ST01bZJPuE0] I’ve never been involved in anything like that. I have announced games from the roofs of press boxes (once on a nice day, and once in 50-mph winds), from a Mississippi River bluff (more on that later), and from the front row of the second balcony of the University of Wisconsin Fieldhouse (great view, but not a place to go if…
    • “Good morning/afternoon/evening, ________ fans …”
    • My biggest storyEarlier this week, while looking for something else, I came upon some of my own work. (I’m going to write a blog someday called “Things I Found While Looking for Something Else.” This is not that blog.) The Grant County Sheriff’s Department, in the county where I used to live, has a tribute page to the two officers in county history who died in the line of duty. One is William Loud, a deputy marshal in Cassville, shot to death by two bank robbers in 1912. The other is Tom Reuter, a Grant County deputy sheriff who was shot to death at the end of his 4 p.m.-to-midnight shift March 18, 1990. Gregory Coulthard, then a 19-year-old farmhand, was convicted of first-degree intentional homicide and is serving a life sentence, with his first eligibility for parole on March 18, 2015, just 3½ years from now. I’ve written a lot over the years. I think this, from my first two years in the full-time journalism world, will go down as the story I remember the most. For journalists, big stories contain a paradox, which was pointed out in CBS-TV’s interview of Andy Rooney on his last “60 Minutes” Sunday. Morley Safer said something along the line…
  • Food and drink
    • The Roesch/Prestegard familyu0026nbsp;cookbookFrom the family cookbook(s) All the families I’m associated with love to eat, so it’s a good thing we enjoy cooking. The first out-of-my-house food memory I have is of my grandmother’s cooking for Christmas or other family occasions. According to my mother, my grandmother had a baked beans recipe that she would make for my mother. Unfortunately, the recipe seems to have  disappeared. Also unfortunately, my early days as a picky, though voluminous, eater meant I missed a lot of those recipes made from such wholesome ingredients as lard and meat fat. I particularly remember a couple of meals that involve my family. The day of Super Bowl XXXI, my parents, my brother, my aunt and uncle and a group of their friends got together to share lots of food and cheer on the Packers to their first NFL title in 29 years. (After which Jannan and I drove to Lambeau Field in the snow,  but that’s another story.) Then, on Dec. 31, 1999, my parents, my brother, my aunt and uncle and Jannan and I (along with Michael in utero) had a one-course-per-hour meal to appropriately end years beginning with the number 1. Unfortunately I can’t remember what we…
    • SkålI was the editor of Marketplace Magazine for 10 years. If I had to point to one thing that demonstrates improved quality of life since I came to Northeast Wisconsin in 1994, it would be … … the growth of breweries and  wineries in Northeast Wisconsin. The former of those two facts makes sense, given our heritage as a brewing state. The latter is less self-evident, since no one thinks of Wisconsin as having a good grape-growing climate. Some snobs claim that apple or cherry wines aren’t really wines at all. But one of the great facets of free enterprise is the opportunity to make your own choice of what food and drink to drink. (At least for now, though some wish to restrict our food and drink choices.) Wisconsin’s historically predominant ethnic group (and our family’s) is German. Our German ancestors did unfortunately bring large government and high taxes with them, but they also brought beer. Europeans brought wine with them, since they came from countries with poor-quality drinking water. Within 50 years of a wave of mid-19th-century German immigration, brewing had become the fifth largest industry in the U.S., according to Maureen Ogle, author of Ambitious Brew: The Story of American Beer. Beer and wine have…
  • Wheels
    • America’s sports carMy birthday in June dawned without a Chevrolet Corvette in front of my house. (The Corvette at the top of the page was featured at the 2007 Greater Milwaukee Auto Show. The copilot is my oldest son, Michael.) Which isn’t surprising. I have three young children, and I have a house with a one-car garage. (Then again, this would be more practical, though a blatant pluck-your-eyes-out violation of the Corvette ethos. Of course, so was this.) The reality is that I’m likely to be able to own a Corvette only if I get a visit from the Corvette Fairy, whose office is next door to the Easter Bunny. (I hope this isn’t foreshadowing: When I interviewed Dave Richter of Valley Corvette for a car enthusiast story in the late great Marketplace Magazine, he said that the most popular Corvette in most fans’ minds was a Corvette built during their days in high school. This would be a problem for me in that I graduated from high school in 1983, when no Corvette was built.) The Corvette is one of those cars whose existence may be difficult to understand within General Motors Corp. The Corvette is what is known as a “halo car,” a car that drives people into showrooms, even if…
    • Barges on fouru0026nbsp;wheelsI originally wrote this in September 2008.  At the Fox Cities Business Expo Tuesday, a Smart car was displayed at the United Way Fox Cities booth. I reported that I once owned a car into which trunk, I believe, the Smart could be placed, with the trunk lid shut. This is said car — a 1975 Chevrolet Caprice coupe (ours was dark red), whose doors are, I believe, longer than the entire Smart. The Caprice, built down Interstate 90 from us Madisonians in Janesville (a neighbor of ours who worked at the plant probably helped put it together) was the flagship of Chevy’s full-size fleet (which included the stripper Bel Air and middle-of-the-road Impala), featuring popular-for-the-time vinyl roofs, better sound insulation, an upgraded cloth interior, rear fender skirts and fancy Caprice badges. The Caprice was 18 feet 1 inch long and weighed 4,300 pounds. For comparison: The midsize Chevrolet of the ear was the Malibu, which was the same approximate size as the Caprice after its 1977 downsizing. The compact Chevrolet of the era was the Nova, which was 200 inches long — four inches longer than a current Cadillac STS. Wikipedia’s entry on the Caprice has this amusing sentence: “As fuel economy became a bigger priority among Americans…
    • Behind the wheel
    • Collecting only dust or rust
    • Coooooooooooupe!
    • Corvettes on the screen
    • The garage of misfit cars
    • 100 years (and one day) of our Chevrolets
    • They built Excitement, sort of, once in a while
    • A wagon by any otheru0026nbsp;nameFirst written in 2008. You will see more don’t-call-them-station-wagons as you drive today. Readers around my age have probably had some experience with a vehicle increasingly rare on the road — the station wagon. If you were a Boy Scout or Girl Scout, or were a member of some kind of youth athletic team, or had a large dog, or had relatives approximately your age, or had friends who needed to be transported somewhere, or had parents who occasionally had to haul (either in the back or in a trailer) more than what could be fit inside a car trunk, you (or, actually, your parents) were the target demographic for the station wagon. “Station wagons came to be like covered wagons — so much family activity happened in those cars,” said Tim Cleary, president of the American Station Wagon Owners Association, in Country Living magazine. Wagons “were used for everything from daily runs to the grocery store to long summer driving trips, and while many men and women might have wanted a fancier or sportier car, a station wagon was something they knew they needed for the family.” The “station wagon” originally was a vehicle with a covered seating area to take people between train stations…
    • Wheels on theu0026nbsp;screenBetween my former and current blogs, I wrote a lot about automobiles and TV and movies. Think of this post as killing two birds (Thunderbirds? Firebirds? Skylarks?) with one stone. Most movies and TV series view cars the same way most people view cars — as A-to-B transportation. (That’s not counting the movies or series where the car is the plot, like the haunted “Christine” or “Knight Rider” or the “Back to the Future” movies.) The philosophy here, of course, is that cars are not merely A-to-B transportation. Which disqualifies most police shows from what you’re about to read, even though I’ve watched more police video than anything else, because police cars are plain Jane vehicles. The highlight in a sense is in the beginning: The car chase in my favorite movie, “Bullitt,” featuring Steve McQueen’s 1968 Ford Mustang against the bad guys’ 1968 Dodge Charger: [youtube=http://www.youtube.com/watch?v=GMc2RdFuOxIu0026amp;fmt=18] One year before that (but I didn’t see this until we got Telemundo on cable a couple of years ago) was a movie called “Operación 67,” featuring (I kid you not) a masked professional wrestler, his unmasked sidekick, and some sort of secret agent plot. (Since I don’t know Spanish and it’s not…
    • While riding in my Cadillac …
  • Entertainments
    • Brass rocksThose who read my former blog last year at this time, or have read this blog over the past months, know that I am a big fan of the rock group Chicago. (Back when they were a rock group and not a singer of sappy ballads, that is.) Since rock music began from elements of country music, jazz and the blues, brass rock would seem a natural subgenre of rock music. A lot of ’50s musical acts had saxophone players, and some played with full orchestras … [youtube=http://www.youtube.com/watch?v=9CPS-WuUKUE] … but it wasn’t until the more-or-less simultaneous appearances of Chicago and Blood Sweat u0026amp; Tears on the musical scene (both groups formed in 1967, both had their first charting singles in 1969, and they had the same producer) that the usual guitar/bass/keyboard/drum grouping was augmented by one or more trumpets, a sax player and a trombone player. While Chicago is my favorite group (but you knew that already), the first brass rock song I remember hearing was BSu0026amp;T’s “Spinning Wheel” — not in its original form, but on “Sesame Street,” accompanied by, yes, a giant spinning wheel. [youtube=http://www.youtube.com/watch?v=qi9sLkyhhlE] [youtube=http://www.youtube.com/watch?v=OxWSOuNsN20] [youtube=http://www.youtube.com/watch?v=U9U34uPjz-g] I remember liking Chicago’s “Just You ‘n Me” when it was released as a single, and…
    • Drive and Eat au0026nbsp;RockThe first UW home football game of each season also is the opener for the University of Wisconsin Marching Band, the world’s finest college marching band. (How the UW Band has not gotten the Sudler Trophy, which is to honor the country’s premier college marching bands, is beyond my comprehension.) I know this because I am an alumnus of the UW Band. I played five years (in the last rank of the band, Rank 25, motto: “Where Men Are Tall and Run-On Is Short”), marching in 39 football games at Camp Randall Stadium, the Hubert H. Humphrey Metrodome in Minneapolis, Michigan Stadium in Ann Arbor, Memorial Stadium at the University of Illinois (worst artificial turf I had ever seen), the University of Nevada–Las Vegas’ Sam Boyd Silver Bowl, the former Dyche Stadium at Northwestern University, five high school fields and, in my one bowl game, Legion Field in Birmingham, Ala., site of the 1984 Hall of Fame Bowl. The UW Band was, without question, the most memorable experience of my college days, and one of the most meaningful experiences of my lifetime. It was the most physical experience of my lifetime, to be sure. Fifteen minutes into my first Registration…
    • Keep on rockin’ in the freeu0026nbsp;worldOne of my first ambitions in communications was to be a radio disc jockey, and to possibly reach the level of the greats I used to listen to from WLS radio in Chicago, which used to be one of the great 50,000-watt AM rock stations of the country, back when they still existed. (Those who are aficionados of that time in music and radio history enjoyed a trip to that wayback machine when WLS a Memorial Day Big 89 Rewind, excerpts of which can be found on their Web site.) My vision was to be WLS’ afternoon DJ, playing the best in rock music between 2 and 6, which meant I wouldn’t have to get up before the crack of dawn to do the morning show, yet have my nights free to do whatever glamorous things big-city DJs did. Then I learned about the realities of radio — low pay, long hours, zero job security — and though I have dabbled in radio sports, I’ve pretty much cured myself of the idea of working in radio, even if, to quote WAPL’s Len Nelson, “You come to work every day just like everybody else does, but we’re playing rock ’n’ roll songs, we’re cuttin’ up.…
    • Monday on the flight line, not Saturday in the park
    • Music to drive by
    • The rock ofu0026nbsp;WisconsinWikipedia begins its item “Music of Wisconsin” thusly: Wisconsin was settled largely by European immigrants in the late 19th century. This immigration led to the popularization of galops, schottisches, waltzes, and, especially, polkas. [youtube=http://www.youtube.com/watch?v=yl7wCczgNUc] So when I first sought to write a blog piece about rock musicians from Wisconsin, that seemed like a forlorn venture. Turned out it wasn’t, because when I first wrote about rock musicians from Wisconsin, so many of them that I hadn’t mentioned came up in the first few days that I had to write a second blog entry fixing the omissions of the first. This list is about rock music, so it will not include, for instance, Milwaukee native and Ripon College graduate Al Jarreau, who in addition to having recorded a boatload of music for the jazz and adult contemporary/easy listening fan, also recorded the theme music for the ’80s TV series “Moonlighting.” Nor will it include Milwaukee native Eric Benet, who was for a while known more for his former wife, Halle Berry, than for his music, which includes four number one singles on the Ru0026amp;B charts, “Spend My Life with You” with Tamia, “Hurricane,” “Pretty Baby” and “You’re the Only One.” Nor will it include Wisconsin’s sizable contributions to big…
    • Steve TV: All Steve, All the Time
    • “Super Steve, Man of Action!”
    • Too much TV
    • The worst music of allu0026nbsp;timeThe rock group Jefferson Airplane titled its first greatest-hits compilation “The Worst of Jefferson Airplane.” Rolling Stone magazine was not being ironic when it polled its readers to decide the 10 worst songs of the 1990s. I’m not sure I agree with all of Rolling Stone’s list, but that shouldn’t be surprising; such lists are meant for debate, after all. To determine the “worst,” songs appropriate for the “Vinyl from Hell” segment that used to be on a Madison FM rock station, requires some criteria, which does not include mere overexposure (for instance, “Macarena,” the video of which I find amusing since it looks like two bankers are singing it). Before we go on: Blog posts like this one require multimedia, so if you find a song you hate on this blog, I apologize. These are also songs that I almost never listen to because my sound system has a zero-tolerance policy — if I’m listening to the radio or a CD and I hear a song I don’t like, it’s, to quote Bad Company, gone gone gone. My blonde wife won’t be happy to read that one of her favorite ’90s songs, 4 Non Blondes’ “What’s Up,” starts the list. (However,…
    • “You have the right to remain silent …”
  • Madison
    • Blasts from the Madison media past
    • Blasts from my Madison past
    • Blasts from our Madison past
    • What’s the matter with Madison?
    • Wisconsin – Madison = ?
  • Sports
    • Athletic aesthetics, or “cardinal” vs. “Big Red”
    • Choose your own announcer
    • La Follette state 1982 (u0022It was 30 years ago todayu0022)
    • The North Dakota–Wisconsin Hockey Fight of 1982
    • Packers vs. Brewers
  • Hall of Fame
    • The case(s) against teacher unions
    • The Class of 1983
    • A hairy subject, or face the face
    • It’s worse than you think
    • It’s worse than you think, 2010–11 edition
    • My favorite interview subject of all time
    • Oh look! Rural people!
    • Prestegard for president!
    • Unions vs. the facts, or Hiding in plain sight
    • When rhetoric goes too far
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Subscribe Subscribed
    • Steve Prestegard.com: The Presteblog
    • Join 198 other subscribers
    • Already have a WordPress.com account? Log in now.
    • Steve Prestegard.com: The Presteblog
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
%d