16 February 2021

Only the Elites are Benefiting

 The African-American intellectual, Economist Thomas Sowell, saw it coming 50 years ago.  He said, then, that affirmative action only benefited those who least deserved it.  And he went on to prove it using impeccable economic logic.

Half a century later, we're still at it, which only goes to show that the laws of economics and economic behaviour are just as enduring as those of thermodynamics.

In light of last summer's riots and sudden wokeness, my African-American friends and colleagues have been inundated with excellent job offers.  The few honest ones confess that they are not ready for these executive roles, even as aggressive recruiters try to convince them otherwise.

These friends and colleagues of mine, all well educated and privileged, don't need these job offers.  Those who need jobs and opportunities are the less privileged blacks who don't have the education, training, or experiences needed to break into solid, middle-class jobs.  But Corporate America is not going to offer these needy folks good jobs because doing so hurts the bottom line.  So, they do what all good liberals have been trained to do:  virtue-signal that they are good people by creating equity officer and diversity officer positions that could be shoved to the side of an org chart.  In fact, to these corporate titans, it's just play-acting.  

Oh, they will pay these lucky folks very well and give them generous titles like VP of Diversity or Chief Equity Officer.  To Corporate America, it's just a budgeted cost of doing business in this new environment of wokeness.

In the meantime, nothing has changed or will ever change.  The few elites will benefit greatly, and the large majority of blacks keep waiting for their turn at the American Dream.


16 November 2020

THE CHINESE COMMUNIST PARTY @ 100

 In July 2021, China and the world will celebrate the 100th anniversary of the founding of the Chinese Communist Party!  To mark this epic historic event, this Fairbank Report will curate a number of special videos consisting of music and films from now until July 2021.

What a momentous milestone in the history of China, and in the history of the mankind.  Stay tuned for more...

03 November 2020

THE DONALD RE-ELECTED!

 FIRSTLY, A MEA CULPA FOR OUR NOVEMBER 1 ESSAY.  WE GOT IT WRONG, ALONG WITH THE FAKE NEWS.  THE PEOPLE OUTFOXED THE MEDIA -- ONCE AGAIN.


WE ARE CALLING THE ELECTION FOR TRUMP.  IT APPEARS THAT SLEEPY/SENILE JOE MANAGED TO FLIP ARIZONA(!) AND IOWA.  BUT THAT'S NOT ENOUGH TO CHANGE THE OUTCOME.  THE RED WALL OF THE SOUTHERN STATES -- INCLUDING GEORGIA AND NORTH CAROLINA-- REMAINS STRONG.  AND THE DONALD IS IN A GOOD PLACE VIS-A-VIS MICHIGAN, PENNSYLVANIA, OHIO, AND FLORIDA.


WE THINK THE PRESIDENT'S RELENTLESS AND TIRELESS CAMPAIGNS DURING THE LAST THREE DAYS OF THE RACE MADE ALL THE DIFFERENCE IN THE WORLD!

MATT DRUDGE HAS EGGS ON  HIS FACE!



01 November 2020

TRUMP LIKELY TO LOSE ON TUESDAY

WHICH MEANS THAT THE HARRIS/BIDEN ADMINISTRATION TAKES OVER THE EXECUTIVE BRANCH ALONG WITH AN ENLARGED MAJORITY IN THE HOUSE OF COMMONS. (YES, WE SAID THE HOUSE OF COMMONS.) THE SENATE REMAINS TOO CLOSE TO CALL.

SLEEPY AND SENILE, JOE BIDEN WILL BE TOO SICK TO GOVERN.  SO, THAT MOST UNLIKEABLE DEMOCRAT, THE CURRENT VERY JUNIOR SENATOR FROM CALIFORNIA, WILL GOVERN THE COUNTRY, EFFECTIVELY BECOMING THE FIRST SOUTH ASIAN PERSON TO HOLD THE HIGHEST OFFICE OF THE LAND.  IT WILL BE HISTORIC.

BUT AT WHAT COST TO THE COUNTRY?  SHE'S INEXPERIENCED AND HAS NO POLITICAL ANCHOR OTHER THAN HER SELF-INTEREST.  DURING THE FIRST TWO YEARS, SHE WILL PLACATE THE LEFT, RESULTING IN A MASSIVE SHOCK TO THE ECONOMY.  WE PREDICT THAT THE STOCK MARKET WILL TANK BY 25% DURING THE FIRST TWO YEARS OF THE HARRIS/BIDEN GOVERNMENT.  SHE WILL LIKELY REVERSE COURSE AFTER THE  2022 MID-TERM ELECTION.  WE EXPECT A MODERATE BOUNCE-BACK IN THE STOCK  MARKET DURING THE 2022-24 TIME FRAME.

BUCKLE UP FOR A BUMPY RIDE!