Author Archive: Stephen Green

GEORGE MF WASHINGTON: Putting the Joy of Storytelling in a Tech Bro Chokehold.

For all the changes which have roiled the movie business over the last 50 years, the basic process has remained essentially the same. Creative artists drive to a motion picture studio and meet with a “creative executive.” In that meeting the artist pitches their vision for a movie. Afterwards, the executive goes to his or her boss and re-pitches a thumbnail version what they were just pitched. Maybe the two executives kick around some ideas… “we could get Nolan, or Taika… maybe even Tom Cruise”, they might dream together. And sometimes, after all the dreaming has come to an end, the boss takes that leap of faith and says “yes, let’s develop that idea.” But again, remember what William Goldman said… “nobody knows anything”… so at the end of the day, that “yes” is delivered with a shrug… at best.

Thus begins a process in which tens of millions of dollars will be spent without the guarantee that there will be even a single customer willing to pay for the resulting product.

There was a time when the senior executives doing the shrugging had great instincts for what the audience wanted and got the “shrug” right more often than they got it wrong… but we no longer live in that world. The corporatization of Hollywood brought a new business sense to the art of making movies. And by “business sense” I mean an instinct for cost-cutting, a willingness to default to “no” rather than “yes” and the desire to always choose the sure thing over the artistic gamble. Over time, experience running widget factories in the “legitimate” business world, or time spent on the money side of the Hollywood machine became a more important metric for hiring studio bosses than whether or not the candidate had ever greenlit a hit movie before. “No one knows anything” has never been more true, and the Shrugers have never been more scared… never less sure of their instincts.

Enter the Tech Bros, led by Netflix and Amazon.

What follows is not an improvement.

YES. Return of the nerds: US should honor mathletes as much as athletes. “If we’re not going to import most of our scientific and engineering talent from India and China, we need to change the culture of U.S. high schools, writes Jens Heycke. Mathletes should be as respected as athletes.”

It’s difficult — mostly impossible, probably — to get kids to respect mathletes as much as athletes. But the schools and the broader culture ought to.

LAUGHINGWOLF: Firelight. “Interesting that a well-funded and organized demonstration just happened to take place in NYC the day after the attack, just like they did after Oct. 7. No, I don’t believe in coincidences but I do believe in enemy action.”

CYBERSECURITY: US soldier arrested after allegedly posting hacked Trump and Harris call logs. “The United States has arrested a US Army soldier and charged him with being part of a hacking scheme to sell and distribute stolen phone records. An indictment alleges that 20-year-old Cameron John Wagenius knowingly sold ‘confidential phone records’ over online forums and other communications platforms last November.”

NOT SURPRISING, SAD TO SAY:

Islam has “bloody borders,” to borrow Samuel Huntington’s famous phrase, requiring neighbors to have strong borders.

IT’S NO USE, MR. JAMES — IT’S FAKES ALL THE WAY DOWN:

SPACE: NASA Unveils New Mars Drone Design: A Larger, Enhanced Version Of Ingenuity Helicopter. “The ‘Mars Chopper’ as NASA is calling it, appears bulkier compared to its predecessor and has a greater payload capacity to carry scientific instruments, such as imaging and analysis kits. The new-age drone will be able to carry five kilograms at a distance of up to three kilometres. This new model will be a real game changer for the exploration not only of Mars but of any alien worlds with a solid surface and an atmosphere that can support flight.”

SOME PARTS OF AMERICA STILL WORK: SpaceX launches 21 Starlink satellites during final orbital launch of 2024. “The Starlink 12-6 mission launched onboard the company’s 132nd and final Falcon 9 flight of 2024.”

SpaceX also launched two Falcon Heavy rockets this year for 134 orbital flights. That’s a bit shy of Musk’s stated goal of 150 but a massive increase over 2023’s 96.

2024 also saw four Starship test flights with perhaps as many as 25 Starship launches in 2025.

Oh, and Musk also helped get Donald Trump elected.

It was a very good year.

BIDEN’S PARTING GIFTS: Most red tape ever and more in pipeline.

On the last day of 2024, Biden completed his administration’s epic march into regulatory history, publishing the biggest bible of red tape ever.

With Tuesday’s release of the Federal Register, a daily listing of new and changing rules and regulations for Main Street and Wall Street to follow, Biden’s total count for the year hit 107,262 pages and 3,248 final rules and regulations.

For perspective, former President Barack Obama, who relied on new regulations and executive orders to push his liberal agenda around a stubborn Congress, held the record until Tuesday with 95,894 pages.

“Biden’s administration now boasts two entries in the Top Five. Page counts, while not a precise measure of regulatory burden, do reflect inclinations toward regulatory enthusiasms when those are present,” said Clyde Wayne Crews, the regulations watchdog at the Competitive Enterprise Institute.

Posting in Forbes on Tuesday, Crews warned that Biden has an armload more to dump on the nation in his final three weeks as he acts to cement his legacy as a big-government Democrat.

Looks like a job for the DOGE boys.

KRUISER’S MORNING BRIEFING: Can We Put a Rush Job on January 20? “Inauguration Day now seems a thousand years away. This country desperately needs President-elect Donald Trump to shed the ‘elect’ and get to work undoing the damage that Joe Biden and his ‘America last’ administration have done.”

THE ENEMY WITHIN:

Buckle up, it’s going to be a(nother) rocky four years.

XI’S GOTTA HAVE IT: China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is.

China’s property meltdown has since 2021 destroyed around $18 trillion of Chinese household wealth, according to an estimate by Barclays, eclipsing the losses suffered by Americans in the financial crash of 2008-09. That hit, along with the trauma of Beijing’s heavy-handed response to the Covid-19 pandemic, helps explain why Chinese consumers aren’t spending freely.

China’s property meltdown has since 2021 destroyed around $18 trillion of Chinese household wealth, according to an estimate by Barclays, eclipsing the losses suffered by Americans in the financial crash of 2008-09. That hit, along with the trauma of Beijing’s heavy-handed response to the Covid-19 pandemic, helps explain why Chinese consumers aren’t spending freely.

China is also facing demographic headwinds that will make it harder to restore its economic vigor. China’s working-age population is shrinking, reversing the demographic dividend that powered its economic ascent.

China’s economy has for decades been powered by heady levels of investment. At first, that yielded modern infrastructure and propelled the expansion of China’s manufacturing engine and its megacities. But sticking with that strategy year after year has meant China today is beset by colossal debts, unneeded apartments and industrial overcapacity.

Instead of allowing the economy to undergo a painful but necessary restructuring, Xi is doubling down on real estate and industrial investment while attempting to export China’s way back to growth — in a global economy already flooded with inexpensive Chinese goods.

It’s impossible to say whether Xi lacks the political capital to endure restructuring or if he’s an unreconstructed Maoist, but the results are the same either way.

KRUISER’S MORNING BRIEFING: Happy New Year to the Best Readers in the History of Everything. “I want to just reflect on what an extraordinary year it has been. Honestly, it feels like 2020 is finally ending. Heck, everything from the middle of July until November 5 felt like a whole extra year had been added to 2024.”

IT’S ALWAYS IN THE LAST PLACE YOU LOOK: Earth’s biggest waterfall lies beneath Arctic. “This hidden giant isn’t a waterfall cascading down a mountainside or roaring over a cliff. Instead, it descends slowly and invisibly, deep beneath the icy waters of the Arctic, earning the distinction of being Earth’s largest waterfall.”

BILL WHITTLE: Did We Win the War in ’24?