Antonin Scalia’s Surprising Role in the Latest Supreme Court Fight Over Legal Protections for Gays

The late Justice Antonin Scalia was nobody’s idea of a gay rights activist. When the Supreme Court struck down a state ban on “homosexual conduct” in Lawrence v. Texas (2003), Scalia faulted the majority for embracing “the so-called homosexual agenda.” When the Supreme Court recognized a constitutional right to same-sex marriage in Obergefell v. Hodges (2015), Scalia denounced the ruling as a “threat to American democracy.”

Scalia’s views on legal protections for gays will be front and center once again next month when the Supreme Court hears a far-reaching case that asks whether anti-gay workplace discrimination is illegal under current federal law. Except this time around, Scalia’s jurisprudence will be favorably cited and employed by the openly gay petitioner and his lawyers.

The case is Bostock v. Clayton County, Georgia. Gerald Lynn Bostock was employed by Clayton County as a child welfare services coordinator. He claims that he was fired solely on account of his sexual orientation. He argues that such actions by his employer violate federal law.

According to Title VII of the Civil Rights Act of 1964, it is unlawful for an employer to discriminate against a job applicant or employee “because of such individual’s race, color, religion, sex, or national origin.” The question before the Supreme Court in Bostock v. Clayton County is whether employment discrimination because of sexual orientation qualifies as employment discrimination “because of…sex.”

In their principal brief to the Supreme Court, Bostock and his lawyers rely in part on Justice Scalia’s unanimous 1998 ruling in Oncale v. Sundowner Offshore Services, Inc. At issue was whether same-sex workplace harassment violated Title VII’s prohibition on discrimination “because…of sex.” Scalia held that it did.

“Male on male sexual harassment in the workplace was assuredly not the principal evil Congress was concerned with when it enacted Title VII,” Scalia acknowledged. “But statutory prohibitions often go beyond the principal evil to cover reasonably comparable evils, and it is ultimately the provisions of our laws rather than the principal concerns of our legislators by which we are governed.” The protections of Title VII, Scalia concluded, “must extend to sexual harassment of any kind that meets the statutory requirements.”

Scalia, a self-described textualist, often argued that the plain meaning of a statute should trump the ostensible intentions, purposes, or expectations of the statute’s authors and supporters. That was one of the reasons why Scalia famously rejected the use of legislative history in such statutory cases.

Bostock and his lawyers are now hoping that Scalia-style textualism will help them achieve victory and secure broader legal protections for gay workers nationwide. “In holding that same-sex sexual harassment is actionable under Title VII, the Court in Oncale confirmed that the statute prohibits forms of sex discrimination that Congress may not have envisioned in 1964, and instead goes beyond what was contemplated to cover ‘reasonably comparable evils,'” they told the Court. “Sexual orientation discrimination is clearly such a ‘reasonably comparable evil,’ and is therefore also prohibited.”

Oral arguments in Bostock v. Clayton County, Georgia will be held on October 8.

from Latest – Reason.com https://ift.tt/2ZH1MOk
via IFTTT

No, Trump Rallies Didn’t Increase Hate Crimes by 226 Percent

In the aftermath of August’s mass shooting in El Paso, a cursory glance at the news might have left you with the impression that there were two villains that day: the white supremacist who viciously killed 22 people and wounded 24 more, and President Donald Trump, who supposedly incited him. 

“The president cannot be absolved of responsibility for inciting the hatreds that led to El Paso,” read a New York Times piece. Democratic presidential contenders echoed this sentiment, with Beto O’Rourke saying Trump’s rhetoric “has a lot to do with” the shooting and Kamala Harris alleging that Trump was “tweeting out the ammunition” used by the El Paso shooter.

Blaming the words of controversial politicians for the acts of terrorists and lunatics without hard evidence is not new. However, a recent academic paper, reported on by numerous outlets before it went through the peer-review process, suggests that Trump actually is to blame. 

Studying the effects of Trump’s many campaign rallies on reported hate incidents, three professors at the University of North Texas and Texas A&M—Ayal Feinberg, Regina Branton, and Valerie Martinez-Ebers—claim that Trump rallies are associated with a 226 percent increase in such incidents. 

Naturally, their study went viral. Vox, The Washington Post, the San Francisco Chronicle, and CNN all published articles reporting that Trump’s words are so bad that exposure to them leads to a wave of hate crimes.  

Once again, Democratic politicians piled on. “Your language creates a climate which emboldens violent extremists,” wrote Sen. Bernie Sanders (I–Vt.) in a social media post. “Your rhetoric is directly and indirectly inciting hate, Mr. President,” tweeted Rep. Ilhan Omar (D–Minn.).

Is that where the story ends? Not quite. Using the same data and statistical procedures as Feinberg et al., we replicated their study’s headline result. Since we did not have access to the original paper’s data and code, this involved collecting each of the variables mentioned in the original paper, and then independently performing the same analysis. Wherever possible, we copied the decisions that are mentioned in the original paper. Our headline results were very close to those reported in the original paper.

Using additional data we collected, we also analyzed the effect of Hillary Clinton’s campaign rallies using the identical statistical framework. The ostensible finding: Clinton rallies contribute to an even greater increase in hate incidents than Trump rallies.  

This should be enough to give any reader pause. The implied reasoning of those who cited the initial study was that Trump’s caustic and seemingly racist rhetoric contributed to a crueler, more discriminatory climate, ripe for hate crimes. If this interpretation is correct, why did Clinton inspire as many, if not more, hate incidents as Trump did? Did calling millions of Americans “deplorables” promote violence?

Probably not. Both of these results rely on comparing counties with rallies to other counties without them. This produces a glaring problem. Politicians tend to hold political rallies near where large numbers of people live. And in places with more people, the raw number of crimes is generally mechanically higher. Simply put, no one should be surprised that Orange County, California (population 3.19 million) was home to both more reported hate incidents (5) and Trump rallies (2) than Orange County, Indiana (population 19,840, which had zero of each). 

Nor is it sensible to interpret that one of these differences (hate crimes) is caused by the other (political rallies). Indeed, adding a simple statistical control for county population to the original analysis causes the estimated effect of Trump rallies on reported hate incidents to become statistically indistinguishable from zero. The study is wrong, and yet journalists ran with it anyway. 

How could this happen?

Even if researchers attempt to be unbiased, it is easy for ideology to interfere with the practice of the scientific method. Empirical work requires numerous small assumptions and choices, often without obvious right and wrong options, that collectively affect the findings. The hypotheses that researchers choose to test often reflect their beliefs, and when initial statistical findings do not match the researcher’s gut intuition, it is easy to tweak these choices until the analysis “works.” By comparison, when a result “feels right,” it is easy to conclude the analysis with minimal further checks. In short, falling prey to confirmation bias is easy. Attempting to find errors in a result that, deep down, you want to be true, is hard. Furthermore, the ideological imbalance of academia—where liberals outnumber conservatives six to one—can worsen this. While claims deemed conservative may receive much scrutiny, those that comport with liberal sensibilities are more likely to go unscrutinized.

In principle, this need not have much impact outside academia. A neutral press, acting as a gatekeeper, need not report unquestioningly about every unpublished study. However, like academics, journalists as a profession are overwhelmingly liberal, with four times as many reporters identifying as Democrats than as Republicans. Given how little scrutiny was required to reveal the flaws in the thesis that Trump rallies cause hate incidents, one cannot help but wonder whether its viral status was aided by journalists predisposed to believe its message. Would a study claiming Clinton rallies caused hate crimes to increase by 226 percent have been seized on equally enthusiastically? We are skeptical. Because of this, we have some sympathy for the authors of this study—such errors are typically found during peer review and quietly corrected before publication. Yet, these errors have profoundly different implications when they result in widespread, extraordinary-but-false claims in the popular media. 

Many of Trump’s fiercest critics have proclaimed themselves to be staunch defenders of science in the face of a supposedly rising tide of anti-scientific sentiment. By rushing to promote academic results that are most in line with their own preconceived notions, Trump’s critics risk committing the very error they decry. It is bad for America when Trump expresses falsehoods or unnecessarily inflammatory rhetoric. News organizations of record shouldn’t do it either.

from Latest – Reason.com https://ift.tt/34DnWQq
via IFTTT

There Has Been Just One Buyer Of Stocks Since The Financial Crisis

Over the weekend we showed a chart which demonstrated that the bulk of the 21st century has been characterized by equity retail fund outflows offset by a tsunami of bond inflows, i.e. a reverse “great rotation.” The chart also illustrated that periods of “big bond inflows often preceded big policy changes”, hinting that some major event was coming; meanwhile big bond outflows (e.g. 2008/13/18) tended to coincide with the most bearish returns across asset classes, which may explain why in a time of record bond inflows, i.e., right now, stocks are trading near all time highs…

… even if it did – as we said on Sunday – pose a question: “just who is buying stocks here?”

Now, in his latest Flow Show weekly report, BofA CIO Michael Hartnett confirms that the flows continued for one more week, as another $11.4 billion flowed into bonds, while $8.4 billion was redeemed from stocks (a clear sign investors are not worried about bond bubble for now, with chunky inflows to both IG ($7.9bn) & govt bond ($3.5bn) funds).

More importantly, when looking at the bigger picture and finding $213 billion in redemptions from equity funds stands in stark contrast to $337bn inflows to bond funds; Hartnett answered our pressing question: who is buying stocks here?

His answer: “the sole buyer of US stocks remain corporate buybacks, not institutions” as shown in the chart below.

This is notable not only because it means that without the buyback bid (made possible by record cheap debt, which is used to fund corporate stock repurchases) stocks would be far, far lower, but because it is a carbon copy of what we observed almost exactly two years ago, suggesting that between the summers of 2017 and 2019 absolutely nothing has changed.

Meanwhile, as Credit Suisse notes, one of the major features of the US equity market since the low in 2009 is that the US corporate sector has bought over 20% of market cap, while institutions have sold 7% of market cap.

Why this rush by companies to buyback their own stock, and in the process artificially boost their Eearning per Share? There is a very simple reason: as Reuters explained some time ago, “Stock buybacks enrich the bosses even when business sags.”  And since bond investors are rushing over themselves to fund these buyback plans with “yielding” paper at a time when central banks have eliminated virtually all yield and risk, who is to fault them. 

More concerning than the unprecedented coordinated buybacks, however, is not only the relentless selling by institutions, but the persistent unwillingness by “households” to put any new money into the market which suggests that the financial crisis has left an entire generation of investors scarred with “crash” PTSD, and no matter what the market does, they will simply not put any further capital at risk.

via ZeroHedge News https://ift.tt/2UCU2as Tyler Durden

Short Circuit: A Roundup of Recent Federal Court Decisions

Please enjoy the latest edition of Short Circuit, a weekly feature from the Institute for Justice.

An honest living is one of the best ways to prevent re-offending. But across the country, people with criminal records face more than 10,000 regulations that block them from obtaining a license to work. As an in-depth Washington Post article reveals, these regulations are “often arbitrary and ambiguous,” like denying a license based on one’s “good moral character.” Fortunately, over two dozen states have enacted reforms to pare back these restrictions in recent years. Click here to read the full Post article.

  • Suffolk County, N.Y. officials retain nonprofit organization to visit the homes of registered sex offenders and verify their addresses. Registered sex offender: That’s an unconstitutional seizure. District court: Even if the home visits amounted to “seizures,” they were justified under the Fourth Amendment’s special needs doctrine. Second Circuit: Just so. Even though the nonprofit refers noncompliant sex offenders to the police—which sounds a lot like crime control—the main goal of the program is to improve the accuracy of the sex offender registry. Which is a special non-law enforcement need, so the program is A-OK.
  • Under federal law, children born outside the U.S. to unmarried noncitizens can automatically gain citizenship if their mother becomes a citizen, but fathers can only pass on citizenship to their out-of-wedlock children if they first legitimate them. But what if the mother is deceased and the only way to legitimate the child is through marriage of the parents? Third Circuit: Creating a system where fathers—but not mothers—are forever precluded from passing on citizenship to their children violates equal protection.
  • Allegation: TSA screeners falsely accuse traveler of assault. She spends 18 hours in jail and is charged with 10 crimes, all of which are resolved in her favor after TSA declines to turn over video and the screeners either don’t show up to court or give contradictory testimony. Can she sue? Third Circuit (2017): One can sue when federal law enforcement officers commit intentional torts, like fabricating criminal charges. But screeners aren’t law enforcement, and Congress hasn’t waived sovereign immunity for mere employees. Third Circuit (en banc, over a dissent): Screeners search people. They are law enforcement, and the suit can proceed.
  • Man is barred from purchasing a gun but, because of a lapse in the FBI’s background check system, buys one anyway from a federally licensed firearms dealer. Two months later, the man uses the gun to murder nine people in a Charleston, S.C. church. Can the survivors and families of the deceased sue the feds? The Fourth Circuit says yes.
  • Did Mississippi officials dilute African Americans’ voting strength in District 22, which includes the Mississippi Delta, when they redrew its legislative boundaries in 2012? (The majority of the district’s voters are African American, but African American-preferred candidates consistently lose there.) Indeed so, says the Fifth Circuit, which violates the Voting Rights Act. The boundaries cannot be used in the November 2019 election. Dissent: “Districting is the politics of politics.” And the district court’s order to redraw the lines to increase black voters by 11% violates the Equal Protection Clause.
  • As a Detroit woman is stirring a pot of macaroni on Thanksgiving eve, masked police officers break down her door, handcuff her tightly, and respond thusly when she complains of pain: “[S]hut up, bitch, you shouldn’t be so fat.” In the excessive force lawsuit that ensues, officers invoke qualified immunity. Officers: “Handcuffing that results in bruising does not violate any clearly established constitutional right.” Sixth Circuit: Point of fact, it can. So to trial the case must go.
  • Allegation: Detroit woman legally purchases firearm after her home is robbed. Seeking to familiarize herself with it, she fires several rounds from her front porch into the abandoned house next door. Police are called and quickly home in on the woman’s fiancé (despite her loud protestations that she shot the gun), whom they beat and arrest. One cop informs the man he’s “going down for attempted murder of a cop” and writes a report alleging the man fired shots at the cops, though no other officers or evidence corroborate the report. On the morning trial was to begin, the prosecutor learns—for the first time—that an evidence tech’s report contradicts the cop’s report. Case dismissed. Sixth Circuit: No qualified immunity for the cops.
  • Chicago man, on Facebook: “Keep pushing me and it won’t end well.” “I’ve given plenty of warnings.” “I swear to Allah and everything I hold dear that I will resort to murder in the next 30 days.” Chicago man, on trial: These “emulations of rap songs” are protected by the First Amendment. Seventh Circuit: They are not.
  • Allegation: After car does U-turn to avoid roadblock and woman admits to possessing marijuana, St. Louis police conduct strip and body cavity search on the woman—out of public view but in view of a male officer. (No additional contraband is found, it seems, and the woman is not charged.) Eighth Circuit (with a pair of partial dissents): Her unreasonable search claim can proceed. But she can’t sue for excessive force because there’s no precedent saying officers can’t slam handcuffed and unresisting (if distraught) suspects into hard surfaces. Nor can she sue over the (concededly) inaccurate incident report that police filed.
  • Following the Supreme Court’s decision in Janus v. AFSCME, are mandatory state bar association dues now unconstitutional? Eighth Circuit: Not at all! You see, Janus was about unions; it didn’t say anything about guilds.
  • Thirty-seven-year-old man and 16-year-old girl have sex, which is legal in Nebraska. He records it and shares the video only with her. Eighth Circuit: Which is child porn. Conviction and eight-year sentence upheld. Concurrence: This result is “unseemly and quite possibly unfair” but compelled by Supreme Court precedent. 
  • Allegation: Fresno, Calif. police carry out a search warrant, report they seized $50k cash. But according to the targets of the search, they actually seized $150k cash and $125k worth of rare coins. Can the property owners sue? Ninth Circuit (March 2019): No. There’s no precedent saying cops can’t steal things they seize while executing a search warrant. Ninth Circuit (this week, a revised opinion with a new concurrence from Judge M. Smith): Yeah, we got this right. (Head over to California Appellate Report for more.)
  • Man becomes convinced that, as a result of mistreatment by a Veterans Affairs medical center, he is entitled to millions of dollars and is the legal owner of the center itself. He is, alas, mistaken, but he makes multiple phone calls in a single day in which he asserts his position to a staffer in terms both vulgar and personal. Does it violate the First Amendment to charge him with violations of Washington state’s telephonic harassment law? Two-thirds of this Ninth Circuit panel says no.
  • People who suspect their names have been added to the Terrorist Screening Database can find travel to be a nightmare, but they’re always permitted to seek review by the Department of Homeland Security. Constitutionally sufficient process? Eastern District of Virginia: Well, DHS doesn’t ever actually tell you if you are or were in the database, so no, no it’s not.
  • “Honey, you’ve got to read this! The New Mexico Supreme Court just abolished the spousal privil … oh crap.”
  • Instead of the will of the people, elections in North Carolina reflect “the carefully crafted will of the map drawer,” says a state trial court, ruling that legislative boundaries drawn by Republican lawmakers violate the state’s constitution. (There will be no appeal.)

In July, Mississippi outlawed veggie burgers—or at least calling them veggie burgers. Which violates the First Amendment! The label—and other banned labels like “meatless meatballs” and “vegan hot dogs”—is not confusing to consumers. Rather, the ban served to protect the meat industry from competition from vegan and vegetarian food companies. But this week, and in response to an IJ lawsuit, officials reversed course, proposing new rules that replace criminal penalties with common sense. Click here for more.

from Latest – Reason.com https://ift.tt/2A0aOH0
via IFTTT

Antonin Scalia’s Surprising Role in the Latest Supreme Court Fight Over Legal Protections for Gays

The late Justice Antonin Scalia was nobody’s idea of a gay rights activist. When the Supreme Court struck down a state ban on “homosexual conduct” in Lawrence v. Texas (2003), Scalia faulted the majority for embracing “the so-called homosexual agenda.” When the Supreme Court recognized a constitutional right to same-sex marriage in Obergefell v. Hodges (2015), Scalia denounced the ruling as a “threat to American democracy.”

Scalia’s views on legal protections for gays will be front and center once again next month when the Supreme Court hears a far-reaching case that asks whether anti-gay workplace discrimination is illegal under current federal law. Except this time around, Scalia’s jurisprudence will be favorably cited and employed by the openly gay petitioner and his lawyers.

The case is Bostock v. Clayton County, Georgia. Gerald Lynn Bostock was employed by Clayton County as a child welfare services coordinator. He claims that he was fired solely on account of his sexual orientation. He argues that such actions by his employer violate federal law.

According to Title VII of the Civil Rights Act of 1964, it is unlawful for an employer to discriminate against a job applicant or employee “because of such individual’s race, color, religion, sex, or national origin.” The question before the Supreme Court in Bostock v. Clayton County is whether employment discrimination because of sexual orientation qualifies as employment discrimination “because of…sex.”

In their principal brief to the Supreme Court, Bostock and his lawyers rely in part on Justice Scalia’s unanimous 1998 ruling in Oncale v. Sundowner Offshore Services, Inc. At issue was whether same-sex workplace harassment violated Title VII’s prohibition on discrimination “because…of sex.” Scalia held that it did.

“Male on male sexual harassment in the workplace was assuredly not the principal evil Congress was concerned with when it enacted Title VII,” Scalia acknowledged. “But statutory prohibitions often go beyond the principal evil to cover reasonably comparable evils, and it is ultimately the provisions of our laws rather than the principal concerns of our legislators by which we are governed.” The protections of Title VII, Scalia concluded, “must extend to sexual harassment of any kind that meets the statutory requirements.”

Scalia, a self-described textualist, often argued that the plain meaning of a statute should trump the ostensible intentions, purposes, or expectations of the statute’s authors and supporters. That was one of the reasons why Scalia famously rejected the use of legislative history in such statutory cases.

Bostock and his lawyers are now hoping that Scalia-style textualism will help them achieve victory and secure broader legal protections for gay workers nationwide. “In holding that same-sex sexual harassment is actionable under Title VII, the Court in Oncale confirmed that the statute prohibits forms of sex discrimination that Congress may not have envisioned in 1964, and instead goes beyond what was contemplated to cover ‘reasonably comparable evils,'” they told the Court. “Sexual orientation discrimination is clearly such a ‘reasonably comparable evil,’ and is therefore also prohibited.”

Oral arguments in Bostock v. Clayton County, Georgia will be held on October 8.

from Latest – Reason.com https://ift.tt/2ZH1MOk
via IFTTT

Alabama Dean Resigns After Conservative Snowflakes Publicize His Old Tweets

Fainting-couch conservatism strikes again: A University of Alabama dean of students is out of a job after conservative media dug up some of his old tweets.

Jamie Riley had dared to criticize the American flag and the police, writing in 2017 that they represent “a systemic history of racism for my people.”

Breitbart decided that this and other tweets of Riley’s merited an article. Reporter Kyle Morris wrote that “a series of resurfaced tweets from Dr. Jamie R. Riley, the University of Alabama’s assistant vice president and dean of students, show he once believed the American flag and police in America are racist.” But the tweets didn’t just resurface on their own—they were publicized by the right-wing news site in order to send a social media mob after Riley.

Just 24 hours later, Riley lost his job. The Crimson White reports:

Jackson Fuentes, press secretary for the UA Student Government Association, confirmed at 4:15 p.m. that Riley is no longer working at the University.

“For us right now, basically all I can tell you is that the University and Dr. Riley have mutually agreed to part ways,” Fuentes said. “So yeah, that’s true, and we do wish him the best.”

In an email at 5:03 p.m., assistant director of the Division of Strategic Communications Chris Bryant released an official statement on behalf of the University confirming Riley’s resignation.

“Dr. Jamie Riley has resigned his position at The University of Alabama by mutual agreement,” Bryant said in the email. “Neither party will have any further comments.”

It seems clear that it was bad publicity from Breitbart that got Riley terminated. This was an entirely foreseeable consequence of writing such an article.

Many pundits on the right constantly inveigh against cancel culture: the drive to shame, punish, and ultimately destroy people for having said something trivially offensive at some point. Comedian Dave Chapelle torched cancel culture in his recent Netflix special, and conservatives applauded. The clip of Chapelle scornfully imitating cancellers has been all over right-leaning media for the last two weeks.

I very much agree that cancel culture is bad. (In fact, it’s one of the main themes of my book.) But as long as the right is perfectly willing to enforce its own version of political correctness, it is difficult to to believe that they really agree in principle that you shouldn’t do this kind of thing. If you only defend the cancelled when you agree with them, then you’re not actually against cancelling. You’re just protecting your tribe.

Conservatives, please condemn Breitbart for this hit job and demand the immediate reinstatement of James Riley.

 

from Latest – Reason.com https://ift.tt/2HQ5FFG
via IFTTT

It’s Now “Incendiary” To Say There Are Two Genders

Authored by Simon Black via SovereignMan.com,

Happy Friday everyone. Let’s bring on the weekly absurdity!

School cop handcuffs and screams at autistic 8-year-old

An eight year old autistic boy in Southlake, Texas became agitated in his guidance counselor’s office.

At one point the child became fidgety and took out a jump rope (that had been provided to him by the school). Amazingly enough, the counselor felt threatened by this and asked the school cop to come into the office.

So the cop handcuffed the child, screamed in his face, and mocked his frustration. The cop also claimed that the child had a weapon, which he described as “homemade nunchucks”. This ‘weapon’ turned out to be the jump rope that the child was twirling.

When the parents came to retrieve their child, the officer continued to harass the parents, sarcastically telling them, “great parenting.”

Click here for the full story.

*  *  *

82 days in jail for possession of honey

A Jamaican man legally residing in the USA returned from his yearly visit to his home island.

With him he brought two bottles of honey. Unfortunately the airport drug dog thought the man’s bag smelled suspicious. And an initial test said the honey was actually meth.

Another drug test revealed that the honey bottles were shockingly filled with honey.

But they still didn’t want to release him, even on bail. They wanted to send the honey off for more advanced testing.

EIGHTY TWO DAYS LATER the results came back. Honey. US Customs finally released the man from jail… but by then he had already lost his job after being absent for nearly three months.

Click here for the full story.

*  *  *

MSNBC calls it “incendiary” to say there are two genders

MSNBC is an allegedly non-biased news outlet. All they do is report the facts, right?

Last week, an anchor reported that a candidate for Governor “is out with a new TV ad this week, making incendiary comments about gender.”

Here’s what he said: “As a Doctor, I can assure you, there are only two genders.”

To MSNBC, it is a newsworthy reportable fact that this statement is “incendiary.”

Not up for debate, not worthy of scientific thought, just incendiary… to state a basic fact that everyone agreed on until a couple years ago.

Click here for the full story.

*  *  *

Boy suspended from school after going target shooting with his mom

This story starts out almost too wholesome to believe.

On a crisp afternoon in the forests of northern Colorado, a mother and her son Nate bond over some target practice. They shoot cans with rifles and handguns.

I bet mom even ruffled Nate’s shaggy hair as she gazed proudly at what a fine young man he was growing into. It’s straight out of the Andy Griffith Show.

And imagine a teen that isn’t too embarrassed to post a video on social media of him spending the afternoon hanging out with mom.

But because that video included guns, someone called the police to report that Nate was a threat to the school.

The police investigated, rolled their eyes, and said there was nothing illegal about target shooting and posting the video online.

But then the family got a phone call from the school, telling them Nate couldn’t return to school until after a “threat assessment hearing.”

Click here for the full story.

*  *  *

And to continue learning how to ensure you thrive no matter what happens next in the world, I encourage you to download our free Perfect Plan B Guide.

via ZeroHedge News https://ift.tt/2UyyBat Tyler Durden

Alabama Dean Resigns After Conservative Snowflakes Publicize His Old Tweets

Fainting-couch conservatism strikes again: A University of Alabama dean of students is out of a job after conservative media dug up some of his old tweets.

Jamie Riley had dared to criticize the American flag and the police, writing in 2017 that they represent “a systemic history of racism for my people.”

Breitbart decided that this and other tweets of Riley’s merited an article. Reporter Kyle Morris wrote that “a series of resurfaced tweets from Dr. Jamie R. Riley, the University of Alabama’s assistant vice president and dean of students, show he once believed the American flag and police in America are racist.” But the tweets didn’t just resurface on their own—they were publicized by the right-wing news site in order to send a social media mob after Riley.

Just 24 hours later, Riley lost his job. The Crimson White reports:

Jackson Fuentes, press secretary for the UA Student Government Association, confirmed at 4:15 p.m. that Riley is no longer working at the University.

“For us right now, basically all I can tell you is that the University and Dr. Riley have mutually agreed to part ways,” Fuentes said. “So yeah, that’s true, and we do wish him the best.”

In an email at 5:03 p.m., assistant director of the Division of Strategic Communications Chris Bryant released an official statement on behalf of the University confirming Riley’s resignation.

“Dr. Jamie Riley has resigned his position at The University of Alabama by mutual agreement,” Bryant said in the email. “Neither party will have any further comments.”

It seems clear that it was bad publicity from Breitbart that got Riley terminated. This was an entirely foreseeable consequence of writing such an article.

Many pundits on the right constantly inveigh against cancel culture: the drive to shame, punish, and ultimately destroy people for having said something trivially offensive at some point. Comedian Dave Chapelle torched cancel culture in his recent Netflix special, and conservatives applauded. The clip of Chapelle scornfully imitating cancellers has been all over right-leaning media for the last two weeks.

I very much agree that cancel culture is bad. (In fact, it’s one of the main themes of my book.) But as long as the right is perfectly willing to enforce its own version of political correctness, it is difficult to to believe that they really agree in principle that you shouldn’t do this kind of thing. If you only defend the cancelled when you agree with them, then you’re not actually against cancelling. You’re just protecting your tribe.

Conservatives, please condemn Breitbart for this hit job and demand the immediate reinstatement of James Riley.

 

from Latest – Reason.com https://ift.tt/2HQ5FFG
via IFTTT

Teen Witnesses to 9/11 Reminisce About the Horrors They Saw That Day

In the Shadow of the Towers: Stuyvesant High on 9/11. HBO. Wednesday, September 11, 9 p.m.

My parents remembered with precision just where and how they learned of the attack on Pearl Harbor. And when I first arrived at college 30 years later, late-night beers in the dorm often led to discussions of what we were doing at the moment President Kennedy was assassinated. It made us feel oh-so-ancient to imagine there were kids in the third grade who hadn’t even been born when it happened.

Time and human evil march onward, and millennials have their own grim generational milepost in which the sudden, lethal intrusion of the outside world imposes a sudden burst of maturity: “I was a senior… I was 13… I think I was 15 years old at the time.”

Anybody in their mid-30s will instantly recognize the subject: the 9/11 attacks, their generation’s where-were-you definitional moment. But in this case, the moment was intimately personal: These were teenagers who watched 9/11 not on television but out their schoolhouse window.

The storied Stuyvesant High (its alumni include Jimmy Cagney, Thelonious Monk and four Nobel winners) is a magnet school just three blocks from the old site of the World Trade Center. Because the school stayed intact during the September 11 attacks and no one there was hurt, Stuy, as it’s known to its students and teachers, has largely been overlooked in journalistic accounts of that day.

Now the Stuy kids have what amounts to a video yearbook. In the Shadow of the Towers: Stuyvesant High on 9/11 is told entirely in their words. And though they’re now doctors, lawyers, investment bankers and marketing executives, their words still echo with the sense of awful wonder they felt as their childhood ended that day.

One of them remembers hearing a metal-rending screech from outside and thinking a truck had backed over some garbage cans. When it became apparent that something much worse had happened, classroom TV sets went all over the school, and a number of kids had the blood-chilling novel experience of seeing a second plane hit the south tower, followed moments later by an instant replay on television.

Another student was puzzled by blurry video of what seemed to be bits of debris dropping from the towers as they burned. “What is that?” he asked others. “What’s falling?”

As the cameras sharpened their focus, the outlines of human beings plummeting from the upper floors popped into clear view. And suddenly it occurred to the student that the answer to his question might be “my uncle,” who worked on the 86th floor of one of the towers. He does not even try to describe his agonized shriek.

(Don’t sit around waiting for a surprise happy ending; 9/11 wasn’t that kind of day. The uncle’s family never saw him again.)

As the towers continued to burn and, eventually, collapse, Stuy administrators closed the school and sent the students home. With buses and subways shut down, for most of the kids it was an 8-to-10 mile trudge suffused with ash and dust and abject ignorance—in 2001, cell phones were still rare among teenagers, and they had little idea what had happened.

When one boy allowed a group of his classmates to take turns calling their families from his clunky Nextel mobile phone, the conversations were not reassuring. “Please, please, just survive,” sobbed one father. The students quickly learned that rogue airliners weren’t the only threat. Several of them remember a man on the sidewalk pointing at a Stuy girl wearing a hijab and bellowing: “Bitch!”

It’s at this point that Shadow of the Towers goes off the rails, turning from a credible, if not necessarily remarkable, reminiscence about a brutally painful day to simplistic immigration agitprop. I’ve no doubt the know-nothing bully on the sidewalk existed and their encounter with him, under those circumstances, was terrifying.

But it seems unlikely that the only political lesson any of the Stuy kids drew from 9/11 is that it resulted in racist immigration restrictions. Surely producer-director Amy Schatz talked to at least one former student who said something about the nature of jihad or fallout from U.S. foreign policy, or cursed out Osama bin Laden.

Yet not a single word of that made its way into her film, just as not a single word of doubt about the merits of gun control could be heard in her last one, Song Of Parkland, a documentary about survivors of a Florida school shooting. What does come through, loud and clear, is the sound of Schatz fluffing up the progressive corsage on her sleeve.

from Latest – Reason.com https://ift.tt/2ZHfIXL
via IFTTT

SoftBank Employees Furious As WeWork Fiasco Could Force Them To Forfeit Pay

When the news broke yesterday that the “We Company” was prepared to slash its valuation to $20 billion to $30 billion (half its $47 billion private valuation), the financial press known as finance twitter didn’t waste any time lampooning the startup/active Ponzi scheme’s biggest champion: Japan’s VC juggernaut Soft Bank masking as a telecom giant.

And for SoftBank and its chairman Masayoshi Son, who is also the architect of its investment strategy – which could be described as ‘pump ludicrous amounts of capital into overhyped Silicon Valley startups’ and when that fails, pump some more and then for good measure add slides like these in your investor slidebook…

… news of WeWork’s stunning retrenchment couldn’t have come at a worse time. SB and its ‘Vision Fund’ are still licking their wounds from the Uber IPO (SoftBank was Uber’s biggest backer, and the spectacular faceplant in Uber shares post IPO has translated to billions in paper losses).

With a nearly 30% stake, SoftBank is also WeWork’s biggest backer. And the company’s decision to move ahead with its investment – which is split between SoftBank’s Vision Fund and the firm’s own capital – reportedly created tensions between Son, his employees and the Vision Fund’s backers. The inner turmoil culminated with SB dialing back its latest capital injection to just $2 billion (down from $20 billion) and reportedly led two of the Vision Fund’s biggest backers, the sovereign wealth funds of Saudi Arabia and the UAE, declining to participate in the Vision Fund Pt. 2.

Now, it appears that SoftBank’s employees might pay the ultimate the price for Son’s generous recklessness. Bloomberg reports that employees of the Vision Fund, a group that includes high-profile bankers and investors, only get paid when profits are booked. Without profitable exits, the firm’s employees don’t make any money. That’s not a problem for Son, who is already a billionaire. But for everyone else, this is less than optimal. 

What’s worse, employees could be on the hook for clawbacks if the IPO proves to be a massive flop (and that’s looking more likely by the day).

Vision Fund employees, including high-profile bankers and investors, receive base salaries and bonuses, but only get payouts when profits are booked. They are also on the hook for potential losses, facing clawbacks of 20% and above for some senior staff, and 7% for more junior employees.

With so much on the line, it’s also possible that Soft Bank might essentially pay WeWork not to go public.

There is also a possibility that WeWork could delay its IPO. Adam Neumann, WeWork’s larger-than-life Chief Executive Officer and co-founder, pledged to SoftBank CEO Masayoshi Son earlier this year that WeWork will have a valuation of no lower than $47 billion when it goes public, people familiar with the matter said. A SoftBank spokeswoman declined to comment for this story.

Neumann also met with Son in Tokyo last week to discuss a potential capital infusion, the Wall Street Journal reported, citing unidentified people familiar with the matter. The possibility of SoftBank investing money to enable WeWork to delay the IPO until 2020 was also raised in the discussions, the paper said.

Alternatively, Son and SoftBank could simply eat the loss and brush off WeWork’s IPO as a speed bump on the road to helping “elevate the world’s consciousness“:

Son, a famously long-term thinker who has outlined 30- and 300-year plans for humanity, could conceivably brush off a poor showing for WeWork as a bump along the long road toward changing the world. It’s not clear the Vision Fund will be able to do the same.

Unfortunately, Vision Fund’s employees can’t afford to hide behind such long-term thinking.

To be fair, Son isn’t the only Vision Fund employee responsible for the firm’s botched investment in WeWork. Ron Fisher, one of SoftBank’s highest-paid executives (he made $31 million last year), also championed the Vision Fund’s investment in WeWork.

SoftBank’s huge bet on WeWork has also caused friction between members of the Tokyo company itself. While Son has the final say on investments, WeWork is seen internally as the bet of Ron Fisher, the Boston-based SoftBank executive and a longtime aide to Son, the people said. Fisher, who grew up in South Africa, was SoftBank’s highest-paid executive with $31 million in compensation in the last fiscal year, 62% more than a year earlier.

Before SoftBank first invested in WeWork in 2017, Fisher met with executives at IWG Plc, a European competitor with a much lower valuation and – at the time⁠ – 10 times as many sites, people with direct knowledge of the matter said. Some Vision Fund employees were surprised when instead of convincing Fisher not to invest in WeWork, the unfavorable metrics seemed to encourage him, leaving him convinced that tremendous growth lay ahead for the fledgling company. Son agreed. A month later, the Vision Fund led a $4.4 billion investment round into WeWork at a $20 billion valuation. Fisher and Mark Schwartz, the former Asia Pacific chairman at Goldman Sachs Group Inc. who was appointed to SoftBank’s board that year, joined WeWork’s board.

The big question for SoftBank’s employees, however, is whether Son will change his ways after such an embarrassing flop. Clearly, such a shotgun “big bang” approach is no longer resonating for SoftBank or ‘Vision Fund’ investors.

SoftBank’s massive bet in WeWork is emblematic of Son’s overall approach. “Why don’t we go big bang?” he told Bloomberg in an interview last year when asked about his investing style, and added that other venture capitalists tend to think too small. His goal of swaying the course of history by backing potentially world-changing companies requires that those companies make large outlays in areas from customer acquisition to hiring talent to research and development, a spending tactic that he acknowledged sometimes brings him into conflict with other investors.

“The other shareholders, they try to create clean, polished little companies,” Son said. “And I say: ‘Let’s go rough. We don’t need to polish. We don’t need efficiency right now. Let’s make a big fight. Let’s make a big, successful—a big win.'”

However WeWork and SoftBank decide to proceed, we could know as soon as next week. The company’s bankers, fearful of increasingly volatile markets, want the offering done asap. As of now, they’re expected to start the IPO roadshow as soon as next week. Can they convince investors to place their faith in WeWork’s “community adjusted” numbers?

If the IPO is a flop, which it most likely will be now that the company’s intangible value fluctuates by 50% almost on a monthly basis, will Masayoshi Son make his embittered employees whole by compensating them for the money they will lose? We doubt it, because while Son is so very concerned about elevating the world’s consciousness, he may find some qualms when it comes to employees bank accounts when the offset is his own – and not other people’s – money.

via ZeroHedge News https://ift.tt/2PTYIKj Tyler Durden