MG Siegler, writing at Spyglass:

Of course, Netflix could have absorbed such a cost. It’s a $400B company (well, before this deal, anyway) — double Disney! Paramount Skydance? They’re worth $11B. Yes, they’re paying almost exactly $100B more than they’re worth for WBD. Yes, it’s looney. But really, it’s leverage.

To be clear, Netflix was going to pay for the deal with debt too, but they have a clear path to repay such debts. They have a great, growing business. They don’t require the backstop of one of the world’s richest men, who just so happens to be the father of the CEO. How on Earth is Paramount going to pay down this debt? I’m tempted to turn to another bit of Paramount IP for the answer:

1. Step one
2. Step two
3. ????
4. PROFIT!!!

Is there a lesser of two evils? That was the looming question for movie theater owners before Netflix bowed out of the bidding war for Warner Bros. and paved the way for Paramount Skydance to take over the media giant. There’s been fear that any merger — no matter which bidder prevailed — would bring […]

New Zealand, as you will all know by now, has been set by our government with at "target" to be Net Zero of greenhouse gas emissions (i.e., fossil fuels) by 20250.

But you don't need a time machine to see that future for a small island nation like ours..  You can just travel to the small island nation of Cuba,  where "the Trump administration is helping Cuba to achieve Net Zero by preventing oil tankers from landing there."

Only, in the New York Times article about this, it describes it as a bad thing. It has, says the Times, brought Cuba “to its knees.”

In Cuba, people are struggling with frequent blackouts, shortages of gasoline and cooking gas and dwindling supplies of diesel that power the nation’s water pumps. Trash is piling up, food prices are soaring, schools are cancelling classes and hospitals are suspending surgeries...

Wasn't the end of fossil fuels supposed to be a boon to this small island nation? 

The post Ayn Rand, the Immigrant: 100 Years Since She Came to America appeared first on New Ideal - Reason | Individualism | Capitalism.

 

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"'Don't get mad,' Mr. James had told him. 'State your case --your facts and your reasons -- and don't raise your voice. You aren't going to win every time, that's just the way it'll be, but you should win more than you lose'."

~ Robert Gore from his 2013 novel The Golden Pinnacle