NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html
NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html
NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866
NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx
Playboy going public: Porn, Gambling, and Cannabis
!!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/
https://www.playboytv.com/
https://www.playboyplus.com/
https://www.iplayboy.com/
Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/
https://www.microgaming.co.uk/
“This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/
As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1
They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era
Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea
“Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae
Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/
Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html
Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said. https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this: https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too: https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05
Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China. https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.” https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm
This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.” https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003
Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm
https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html
Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing
“Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though
https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf
Or here:
https://www.mcacquisition.com/investor-relations/default.aspx
Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.

Dynamic BGM Mod : TJ Combo Theme for High Roller Casino Stage

I am 36 years old, make $66,900, live in Portland OR and work as a Data Coordinator.

Section Zero: Background
Hello all, happy hoildays! I stumbled upon this subreddit not long ago and have enjoyed the commentary and experiences everyone's shared. Wanted to add another perspective from a mid-30s first-gen American. I've had some missteps regarding careers and finances, but I feel like I'm in a slightly better place now. I tried YNAB in the past but I wasn't consistent enough with it. These days I use Mint to monitor my finances and have a "Finance Friday" each month to review all my accounts and spending. I currently live with my partner TJ and his dog RR. We do not combine finances, but he has been unemployed since March. I have helped him with some bills and basic necessities here and there until he finds his next job or career.
My current financial goals are to just maintain a status quo and not get any debt until pandemic times are over. Then I will focus on a house remodeling fund and savings for taking care of my parents.
Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances? My parents taught us about money from a frugal perspective. They are immigrants who worked in food service/factories. There was always this “save save save” mentality. Even when they started their own small business, we saved like there was no tomorrow. In high school, my calculus teacher bought us all “The Millionaire Next Door” book and had us read it as an assignment - that was my first structured introduction to finances.
Did you worry about money growing up? No, there was always food on the table and a roof over our heads. I knew that our extended family would support us if needed.
Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it? Yes. My dad didn’t finish the high school-equivalent in their country, while my mom did finish high school, but no college. My older and younger siblings took a different path in life after high school. I am the first and only in my family to graduate from college. My parents covered all tuition for my two bachelor degrees with the agreement that I support them fully during their retirement and send them gifts/extra money whenever I can. I feel very lucky and privileged that they were able to provide that education for me.
At what age did you become financially responsible for yourself and do you have a financial safety net? 24 when I went on a work holiday abroad. My family was always available to help when needed, but the experience abroad helped me stand on my own feet. As an adult, I also inherited that “save” mentality and put a lot of my earnings towards savings. I didn’t date until my 30s, lived frugally, didn’t go out to eat/hangout with people, shopped thrift stores, and had very few hobbies. I am starting to “live a little” now though.
Do you or have you ever received passive or inherited income? Aside from the tuition, my parents have helped with a down payment for my first house and living costs during periods of unemployment.

Section One: Assets and Debt
Retirement Balance
If the place I was working at offered a 401k, I would always contribute up to the company match. I started my IRA in my mid-20s and would try to contribute the yearly max. I've stopped that the past 2-3 years though. My Other Brokerage is some play money, but I got tired of staring it and switched to index funds. I haven't contributed anything to it in a few years.

401k: $34,127 (5% company match on contributions)
Brokerage: $22,421 ESPP
Roth IRA: $40,615 VTIVX
Rollover IRA: $15,760 VTTHX
Other Brokerage: $7,235 VTI
Coinbase: $1,286 ETH (mostly just playing around with it)

Equity if you're a homeowner
Purchased my first home for $382,000 with 20% down, right before lockdown earlier this year. Perfect timing, right?? I plan to live here until my retirement. My parents contributed $15k while I used most of my savings for the rest.

Current Equity: $80,371

Savings account balance: $3,073
Checking account balance: $7,800
Credit card debt: I charge everything on my credit card for the points, then pay it off each month using my checking account balance.
Student loan debt: Traditionally no student loan debt as mentioned in Section Zero.

Section Two: Income
Income Progression (listed as gross income with cost of living area):
High School

$11/hour MCOL - Helped with small family business.

College and first “career” job

$12-19/hour MCOL - I did events/banquet serving after classes and had an internship doing software administration.
$22/hour MCOL - Junior web developer. I realized after a year that programming was not my calling.

Mental health break

$12/hour LCOL - Work holiday abroad. I got a steady banquet server job for that whole time. It was enough to live minimally in a hostel, do weekend trips, WOOF and figure my life out.

College (again) and second “career” job

$12-15/hour LCOL - Decided to go back to school for a different bachelor's degree. While pursuing that degree, I worked at hotels and events as a banquet server again. I also did “search engine evaluation” whenever there were tasks available.
$36,000/year salary LCOL - Software administrator at a casino after graduation.
$39,000/year salary LCOL - Systems analyst at same casino. I left after 2 years, feeling disillusioned with the casino industry. I moved back home with my parents until I could get back on my feet again.

Third “career” jobs

$20/hour HCOL - Entry level advertising role. I was applying to all types of office jobs and that was my only bite.
$45/hour MCOL - Cold-called from a global company who needed someone with my software administrator experience from the casino job. It was an 8 month contract. Although I was starting to love my advertising job, the increase in pay was no question.
$65,000/year salary MCOL - After the contract ended and a few months of unemployment, I landed my current job at the same company. It is an “early career” role according to their job levels.
$66,900/year salary MCOL - Cost of living and merit increases after 2 years on the job. Pre-COVID we got a $5000 bonus each year. They have now stopped bonuses as well as all COL and merit increases.

Main Job Monthly Take Home:
Monthly Net (paid bi-weekly): $2,758
Deductions:

Taxes: $1214
(Pre-Tax) Insurance (Medical, Dental, Vision, Life) + HSA: $822
(5% Pre-Tax) 401k: $256
(10% Post-Tax) ESPP: $514

Side Gig Monthly Take Home:
No side gigs at the moment, but I am thinking of signing up on Upwork.com and doing Excel/data entry projects to help pay the mortgage.
Other Income: TJ’s friend will be staying with us for a month in January, who will pay rent of $800 including utilities. Depending on how that goes, we may take on a roommate in the spare bedroom long-term.

Section Three: Expenses
Mortgage - when I bought the house, the plan was that I would charge TJ a portion of the mortgage costs as “rent”, but since his unemployment I am now covering it all myself.
Regular Monthly Payment: $1677.57

Principal: $501.31
Interest: $849.74
Taxes & Home Insurance: $326.52

HOA: $30/year
Retirement contribution: Nothing additional than what's been mentioned.
Savings contribution: I used to do $50-100/month, but since COVID I’ve stopped contributing to my savings account.
Investment contribution: None at this time.
Debt payments: $100/month towards TJ's credit card balance of $2,307.
Donations: $10-20/month, usually towards Omaze or Planned Parenthood.
Utilities:

Electric: $45-65/month
Water: $60-90/month
Sewer: $30/month
Garbage: $26/month
Natural Gas: $30-80/month
Xfinity internet: $60/month

Cellphone: On my parents plan.
Subscriptions:

LinkedIn: $29.99/month for TJ’s job search - he’s found it very useful.
Amazon/Netflix/Hulu: We piggyback off family and friends’ accounts.
Nintendo Switch Online: 19.99/year
Costco: $60/year

Gym membership: Pre-COVID I did Orangetheory for a year. I started to pick up free exercise equipment from Craigslist this year, so we have a small garage gym now and utilize YouTube exercise videos instead.
Pet expenses: $10/month. TJ has stockpiled some Costco canned dog food before unemployment, but once that runs out I will likely cover the costs. We also started to make homemade dog food to help supplement.
Car insurance: $460 every 6 months. Car is paid off.
Regular therapy: I will start in the new year. Not sure what the costs are yet, but I will use my HSA to pay.
Vitamins/Medications: $20/month
Groceries & household items: $75/month
Miscellaneous (eating out, house purchases, gifts, etc): $100/month

Section Four: Money Diary
Monday
6:30am Neighbor starts up their truck. We joke that it's our natural alarm clock. They idle for about 15 minutes before heading off. I go back to bed.
9am My real alarm goes off. I put the electric kettle on for some morning tea. While it's boiling, I do my morning routine: drink glass of water, take synthroid, use bathroom, brush teeth, quick shower. I then make tea - Jasmine Pearl English Breakfast with dark forest mix. I started ordering loose leaf tea in large amounts back in March instead of small bags or single serving packets. Seems more economical since I drink it daily. I let the dog out into the backyard so he can do his morning routine.
9:30am I go through my daily tasks for work. They entail checking processes and reports to make sure they ran successfully overnight. I then answer some emails and catch-up on Slack channels.
12pm Lunch is leftover roast chicken and quinoa from Saturday. I heat it up in the instant pot. Love that thing! Almost every meal of ours involves the instant pot. We hardly use the stovetop. We then walk the dog to the business park across from our neighborhood. There's a very short trail that runs along a drainage creek by the business park. It's quite muddy, but has a nice woodsy feeling. Over the summer, we saw sumac trees there as well. Free sumac spice!
1:30pm Department meeting on Zoom. Our director announces his resignation on the call. Everyone is shocked! Layoffs were announced for next year but this was not a part of it. I think it's a good move for him and he doesn't have to have this worry of layoffs over his head.
3pm I meet with an engineer from another team and talk about a data source they are in charge of. He helps me out in understanding it and we identify most of the fields that I need for a project I’m starting.
5:30pm I check in with my partner. He's been watching LinkedIn tutorials on internal recruiting, job coaching and general computeoffice skills. It's a career change that he wants to make - something where he can talk to and help people. He doesn't have a bachelor's, only an associates, and hopes these tutorials will get him a leg up in the job search. I sent him some entry level HR admin roles the other day and remind him to apply. I then heat up leftovers: homemade chana masala and rice. I add some butter and coconut milk to thin it out, so there's enough for both of us.
10:30pm I take some magnesium, vitamin D and Airborne. I say goodnight to the dog who sleeps in the office. Then I say goodnight to TJ. He sleeps in the spare bedroom on weeknights due to his snoring keeping me up. I'm a light sleeper while he is a pretty deep sleeper.
Daily total: $0
Tuesday
9am I check Reddit Secret Santa. My match seems like a really good person. Not sure what to get, but most likely will purchase something off their wishlist. I wish I was more creative with my gift giving.
11am Meeting with business stakeholder. She submitted a few changes to an existing data process about a month ago. I make the change while on the call and have her test. Success! Marking it off the todo list. I love when we can finish things directly on a call.
12:30pm I come out of my office to make lunch. I notice my partner is not home. I check my messages and see that he's stepped out to pick up a few things. I ask for celery, carrots, and kombucha. $17. I make a quick charcuterie board for lunch: Costco salami, cheese, homemade hummus and Triscuits. It's a simple, fast meal that’s always in our rotation.
2pm My partner is back and we take the dog out for a walk and quick round of disc golf at a nearby park. We mask up and play only a few holes. Disc golf is a pretty frugal activity, you only need 2-3 discs to get started. TJ remarks that my throws are getting better, but then again they weren't great to start with. We talk about Christmas/Birthday gifts on the way back home since he was born on New Years Day. He mentioned snowshoeing but asked to not spend that much. I'll do some research!
5pm I think about personal career projects. Should I put up a portfolio of projects somewhere? I decide to try and pull some Yelp data. There’s not a lot of data points that I was interested in. Regardless, I tinker with it for an hour. TJ asks if I'm hungry. I said not so much, but felt thirsty. Maybe some ginger soup tonight?
7:30pm Dinner is served - ginger carrot soup made in the instant pot. We eat some rice crackers with it. Lately I feel like we've been eating more vegetarian dinners. It definitely helps stretch our food budget. We end the evening by finishing Fargo season 3 on Hulu.
Daily total: $17
Wednesday
1:30am I'm woken up by the dog. He's been sneezing a lot and wheezes at random intervals. TJ doesn't have the money for a vet visit but I've offered to pay as long as he calls to make the appointment. I give the dog some coconut oil, rub his belly until he seems better and go back to bed.
7am Garbage day. We usually put it out the night before but I forgot. I get up to go, but TJ handles it. I think, at least. I'm too sleepy to pay attention and go back to bed.
9am I wake up and rinse some dishes that have piled up and put them into the dishwasher. We both grew up in households that had a home dishwasher, but forbade from using it. It was drilled into us that hand washing saves more water, unless you had a restaurant/industrial dishwasher. I think with modern home dishwashers, that's changed, so I wanted to try it out with our dishwasher and monitor the water bill. Don't have any dishwashing pods or powder, so I put some OxiClean in it.
12:30pm I overhear TJ on a call with a recruiting agency. It seems to be going well, lots of laughing. I heat up some taco lasagna that I freezer meal-prepped last month.
2pm Collaborate on a project at work with an engineer. My manager put me on this project since I was asking for an assignment on a more technical team. I'm learning tidbits here and there, but I don't feel like it's structured enough.
5pm I do an Orangetheory-At-Home workout and try to break a sweat. It's not the same as going to their studio.
6pm Charcuterie for dinner. Our fridge is full of store-bought and homemade pickles that go super well on a charcuterie board.
Daily total: $0
Thursday
7am I wake up tired. The house has been feeling more cold, which woke me up a few times. We keep the temp at 72F during the day, at night around 68F since we thought the bedrooms keep the heat in pretty well. My mistake!
9am I do my usual morning routine and login to work. My team mostly spends the morning sending each other emojis.
11:30am Lunch today is mini quiche, frozen chicken and veggie entree, and hot dogs. Not the most cohesive meal, but it fills the belly.
12:30pm TJ heads out to his mailbox that's 30 minutes away. He is still waiting on his tax return and a 401k withdrawal. His taxes had to be filed by mail for some reason, then the IRS office shut down due to COVID. So he wanted to see if it arrived yet at the mailbox. He also takes the dog to the vet's urgent care on his way. They didn't have any regular openings available until the end of the year, and the dog seemed to be getting worse. I give TJ $40 to mail a gift package to a friend in France and also reiterate that I'll cover the vet bill when he gets it.
4:30pm I pay some bills, my favorite activity (not)! Sewer bill: $59.44 (billed every 2 months). Geico bill: $459.60 billed every 6 months. Then I follow up with my mortgage officer over email. I had sent her some documents for a refinance quote last week, but haven't heard back. Rates keep dropping, so I'm told, but what does that really mean? I do some research on realestate.
5pm TJ messages me and says he'll be back for dinner. I ask him to pick up some Popeyes via drive thru since we both don't feel like cooking today. Popeyes is currently our fancy “going out to eat” food. $24.17 for a 4pc dinner meal and a 2pc dinner meal.
Daily total: $583.21
Friday
8:30am Busy morning at work. My phone is buzzing with emails and Slack messages. I try to answer them while I make tea.
10am Zoom Department happy hour. We reminisce about our director and then play those Jackbox party games. Some of them are hard!
11am TJ asks if he can make me anything for lunch. He suggests savory oatmeal, quick and easy. I tell him that I really appreciate him making meals/doing chores/etc without me prompting. We've been having conversations about "house project management" and mental load because I did most of the chores or I had to continually remind/tell him to do it. I'm really happy to see us progress on this front. I decide to work through my lunch break so I can end the day early. I don't often do that, but I'm ready to get the weekend started.
2pm I check on TJ in the spare bedroom and ask if the dog has been fed yet, since he was nipping at my feet. I notice something off about TJ and ask how he is doing. TJ is depressed about his personal life, career, finances. He doesn't know what to do, spends half the day meditating and reflecting on past trauma. I've been prodding him to get a therapist but he is confused about his insurance. He makes an appointment with a primary care doctor first. I feed the dog some homemade dog-friendly beef stew.
4pm My mom swings by the house (but doesn't enter). She currently works at a school who distributes free USDA food boxes since March. There's often many boxes leftover that would go to waste, so she will grab a box for us. Onions, potatoes, beets, turnips, eggs, cheese, butter, frozen veggies and frozen chicken. She also brought her vintage pasta maker. I asked last week if she ever used it these days and her reply was “no, feel free to have it”. I love pasta and noodles and figure it would be great to make it ourselves as a frugal hobby.
8pm We catch up on Mandalorian and watch silly Youtube videos before heading off to bed.
Daily total: $0
Saturday
9am I open up my web browser and look at Craigslist and NextDoor for free stuff. I've been scouring for free landscape rocks, pegboards, and wood for house projects. I had this grand ambition to redesign our backyard. It faces our neighbor and currently the fence is pretty low. They can see into our kitchen and bedroom and we can see them. But y'know, COVID and going from dual income house to single income means it all has to be put on hold. So I've been looking for free items in the meantime. Over the past months, I've gotten planter pots, plant cuttings, a raised bed, stepping stones, all from free listings. I don't see anything worthwhile so I go and make some tea.
11am I look at Amazon and make some purchases for Reddit Secret Santa. A foodie kit, DVD of their favorite movie, and some cute pens for their writing hobby. $54. I hope they like it!
12pm TJ heats up leftover stir-fry for lunch for us. I put on some Binging with Babish and we watch how to make pasta. We have a plan - TJ makes the pasta, I make the sauce. Perfect date night activity at home. We watch some more videos on pasta and noodles to educate ourselves.
4pm I start prepping veggies. Big batch of onions, canned tomatoes, ground beef and butter in the instant pot. Meanwhile, TJ works on the pasta by following Babish's instructions.
7pm We gorge on fresh made pasta and bolognese sauce. It's so good! We end up watching Fargo.
11pm Usually I'll be in bed by now, but it's a Saturday and not tired yet (probably because of all that pasta). We play some Kirby's Dream Course on the Switch.
Daily total: $54
Sunday
10am Quick walk around the neighborhood with the dog. He's on a new routine now with the medicine he's taking. It seems to be helping his breathing issues.
11am The pasta maker and flour is still out since we didn't clean up yesterday. There's some old pie crust in the fridge so I roll it out with the pasta machine for mini quiches. (Sally's Baking Addiction blog is my go-to place for her all-butter crust and quiche recipes btw). TJ helps by mixing up the eggs.
3pm I play some Genshin Impact (GI) on my phone while TJ plays Starcraft in the office. I don't usually play gacha games, but the Zelda BotW-style of GI appealed to me. A gacha game is a game with randomized characteitem boxes that you use real-money to purchase a “pull” or to spin the wheel. I know the gacha parts of the game can be a real money sink if you get addicted to them, it’s almost like gambling. My main team is Fischl, Bennett, Barbara and Noelle. I level up to AR 22 and look up free-to-play tutorials for the game.
6pm There's some leftover pasta from yesterday, enough for both of us. I throw in some roasted beets to round out the meal. We watch more Fargo while eating. Almost done with Season 3!
10pm I find a tour operator who offers a small, socially-distant snowshoeing tour up on the mountain. I reserve for two people - this will be TJ's Christmas/birthday gift. $75. Off to bed for another workday.
Daily total: $75
Weekly Total: $689.79

Food + Drink: $41.17
Fun / Entertainment: $75
Home + Health: $59.44
Clothes + Beauty: $0
Transport: $459.60
Other: $54.00

Section Five: Reflections
Aside from the car insurance bill, this was a typical week for me, COVID or not. We make the majority of our meals at home and usually splurge on drive-thru/delivery once every other week. I may have overspent on the Secret Santa gift, but I don't often give gifts out to friends. It's not something our family does either. For TJ’s Christmas/birthday gift, we usually talk upfront about costs. I’ve gifted him fancy restaurant experiences the past 2 years, since we can share that experience, but obviously can’t do that now. Snowshoeing is a nice change of pace.
The conversations with TJ this week have given me thought on how to approach him differently about finances and working together in a relationship. I’m still unsure about the future financially, particularly as my parents near retirement age and that TJ has pulled out his 401k to pay his debts. I don't know if I can support both my parents and TJ together, so I am finding ways to upskill and/or side hustles without becoming a workaholic or bogged down by stress.
Writing this money diary was also the first time where I really paid attention to my past income and current income. I might be contributing too much into ESPP that could go towards the 401k or mortgage instead? I also seem to have been underpaid for what I did in past jobs, even in a LCOL area.

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Sam Harris on Michael Bloomberg and stop-and-frisk

Hi folks. In the latest podcast episode (189) Harris made some comments about Michael Bloomberg and stop-and-frisk. Let’s first of all take a look at what Harris said:
“Let’s start with Bloomberg, because he’s someone who is getting, you know there’s at least an attempt to defenestrate him based on a few things he said as mayor which may have been politically imprudent or too candid by half, but in many respects not obviously wrong. And the arguments against him really seem to be pseudoarguments. And so, at the time of recording this this is a fairly vivid scandal or pseudoscandal in journalism now. But, the Democrats are pillorying him over remarks he made that were just unearthed from the Aspen Institute in 2015 when he was talking about stop-and-frisk. And I have the quote here, so this is Bloomberg in 2015, after he was mayor. He was I believe mayor for 11 years of New York City, and the policy for those who don’t recall it, it’s been since more or less phased out, but, the cops were stationed more in minority areas and stopping and frisking people looking for guns, mostly, and crime rates plummeted. There’s some uncertainty about the causal factor there, but it was not irrational at the time to think that stop-and-frisk was part of the policy that was succeeding in causing crime rates to plummet. Anyway, so Bloomberg said:
'95% of your murders and murder victims fit one MO. You can just take the description and Xerox it and pass it out to all the cops. They are male minorities 15-25. That is true in New York. That is true in virtually every city in America. And that’s where the real crime is. You’ve got to get the guns out of the hands of the people who are getting killed. So you want to spend the money on a lot of cops in the streets. Put those cops where the crime is. Which means minority neighborhoods.'
And then in a subsequent interview he said:
'One newspaper and one news service, they just keep saying ‘Oh it’s a disproportionate percentage of a particular ethnic group.’ That may be, but it’s not a disproportionate percentage of those who witnesses and victims describe as committing the crime. In that case, incidentally, I think we disproportionately stop whites too much, and minorities too little. It’s exactly the reverse of what they’re saying. I don’t know where they went to school, but they certainly didn’t take a math course, or a logic course.'
Alright so he’s clearly making it difficult for himself there, in hindsight, politically. But the reality is, all the data I’ve ever read about violent crime support what he’s saying here. The disproportionate number of perpetrators and the disproportionate number of victims are coming from minority communities. And what these communities suffer from is not too much policing, it’s been the wrong type of policing. There’s too much policing around petty crime, and not enough policing around solving murders, and how to get that right is a difficult question. But the people who are saying that the only way to have arrived at a stop-and-frisk policy was borne of racism, and not caring about the disparities of the way in which crime victimizes communities, that’s just clearly untrue. A completely rational and compassionate attempt to mitigate violent crime could have given you this policy. And it seems to me that the thing the Democratic party has to be able to admit at this point, in order to talk anything like sense on this topic, is that it’s a difficult social problem, that, the mayor was right in his diagnosis, that you could win money all day long in a casino that would allow you to place a bet on the age range and gender and minority identity of a perpetrator of a violent crime in New York City. You know, it’s not the ultra-Orthodox Jews who are mugging people in New York City. But that’s a politically toxic thing to make salient, and the remedy of stop-and-frisk became politically toxic, and probably wasn’t worth doing in hindsight. He could have figured that out earlier than he did, perhaps. But, the fact that he’s being castigated on the left as a racist monster, just seems to be emblematic of all of the miscalibrations in our politics on the left, that the wokeness is ensuring. And it seems, above all, a recipe for giving us four more years of Trump in the end.”
Okay, well I have some thoughts about this. Let’s break this down into what was said, and what wasn’t said.

What was said.

Firstly, Harris is generally misrepresenting the situation when he says Democrats are ‘pillorying him’ over remarks he made. If you look at the transcripts of the two recent debates, the comments aimed at Bloomberg’s stop-and-frisk policy are generally not about the comments Harris quoted, but the policy itself.
From Nevada:
Sanders: ‘In order to beat Donald Trump, we’re going to need the largest voter turnout in the history of the United States. Mr. Bloomberg had policies in New York city of stop-and-frisk, which went after African American and Latino people in an outrageous way.’
Warren: ‘Democrats are not going to win if we have a nominee who has a history of hiding his tax returns, of harassing women and of supporting racist policies like redlining and stop-and-frisk.’
Biden: Well the fact of the matter is, he has not managed his city very, very well when he was there. He didn’t get a whole lot done. He has stop-and-frisk, throwing close to 5 million young black men up against a wall. And when we came along in our administration, President Obama and said, “We’re going to send in a mediator to stop it.” He said, “That’s unnecessary.”
Biden: ‘Yes. Let’s get something straight. The reason the stop and frisk change is because Barack Obama sent moderators to see what was going on. When we sent them there to say, “This practice has to stop,” the mayor thought it was a terrible idea. We send them there, a terrible idea. Let’s get the facts straight. Let’s get the order straight. And it’s not whether he apologize or not, it’s the policy. The policy was abhorrent and it was, in fact, of violation of every right people have. We are the one, our administration sent in people to monitor it. And the very time the mayor argued against that. This idea that he figured out it was a bad idea. He figured out it was a bad idea after we sent in monitors and said it must stop. Even then he continued the policy.’
Warren: ‘When the mayor says that he apologized, listen very closely to the apology. The language he used is about stop and frisk. It’s about how it turned out. Now this isn’t about how it turned out. This is about what it was designed to do to begin with. It targeted communities of color, it targeted black and brown men from the beginning. And if you want to issue a real apology, then the apology has to start with the intent of the plan as it was put together and the willful ignorance day by day by day of admitting what was happening. Even as people protested in your own street, shutting out the sounds of people telling you how your own policy was breaking their lives. You need a different apology.’
From South Carolina:
King: ‘Mayor Buttigieg, mayor to mayor, mayor to mayor, you've certainly had your issues with the black community as well. Do you think the New York City's implementation of stop and frisk was racist?’
Buttigieg: ‘Yes, in effect, it was. Because it was about profiling people based on their race. And the mayor even said that they disproportionately stopped white people too often and minorities too little. ’
O’Donnell: ‘Senator Klobuchar, was the way that the mayor implemented stop and frisk racist?’
Klobuchar: ‘Yes, and I think that what we need to do instead of just reviewing everything from the past is talk about where we're going to go forward.’
So we can see that generally, the comments being made by Democratic rivals are about the policy, how it was implemented, or how Bloomberg responded to criticism of the policy. Ditto comments made in the press:

Repeating the phrase, “We will not beat Donald Trump with,” Sanders ticked off the issues that have dogged Bloomberg for a week: a “racist” policy like stop-and-frisk that “caused communities of color to live in fear,” his past opposition to raising the minimum wage and that he “blamed the end of racist policies such as redlining for the financial crisis.”
Biden slammed Bloomberg’s record on policing in New York and other issues important to African American voters, a crucial demographic for the Democratic nomination -- and especially for Biden, who has lost black support as Bloomberg’s support among blacks has picked up.
“You take a look at the stop-and-frisk proposals. You take a look at his ideas on redlining he’s talking about. You take a look at what he’s done relative to the African American community,” Biden said. So the idea that the criticism is simply about remarks Bloomberg made is either a misrepresentation or is misleading commentary.

Secondly, ‘the arguments against him really seem to be pseudoarguments’. Which arguments? Because lots of arguments have been made about stop-and-frisk as it relates to Bloomberg, and we’ve already seen that the criticism of Bloomberg isn’t narrowly lazered in on some comments he’s made about it, but is about the policy itself as implemented and handled by Bloomberg. Without specifying the arguments that have been made, or the people who have made them, this is just a lazy and vague assertion. Nevertheless, we can actually look at some arguments against Bloomberg’s stop-and-frisk policy:

It was ruled unconstitutional in how it was being carried out, violating the Fourth Amendment and the Fourteenth Amendment. I presume Harris wouldn’t consider this a ‘pseudoargument’.
It has probably had lasting harmful effects:

evidence has emerged of the harms created by the strategy. We now know that students heavily exposed to stop-and-frisk were more likely to struggle in school, that young men were more likely to experience symptoms of anxiety and depression, that this exposure fostered cynicism in policing and government writ large, and that it made residents more likely to retreat from civic life.
In effect, Mr. Bloomberg’s policing record — one of his greatest liabilities as voters begin to appraise him at the ballot box — may have clouded the other accomplishments that form the strongest case for his bid as president, in areas like education, public health and good government.
Recent research by Mr. Bacher-Hicks and Elijah de la Campa found that black middle-school students exposed to more aggressive policing were more likely to later drop out of school and less likely to enroll in college.
The researchers looked at parts of New York that had many stops, not necessarily because those places had high crime or other correlated factors, but because they happened to be assigned a precinct commander who was more likely to advocate frequent stops. Within these neighborhoods, students may not have been stopped themselves. But they went to school in communities where this kind of policing was pervasive.
The negative effects on education appeared for girls, too, even though they were far less likely to be stopped by police than boys or young men. That implies, the researchers suggest, that something deeply embedded in the girls’ environment — like fear or distrust of authority that students learned from it — might have hindered their education. More police stops, the researchers found, were also associated with chronic absenteeism.
That study adds to other research in New York finding that black male students who were more exposed to stop-and-frisk had lower test scores. And other research using surveys about experiences with the police has found that students around the country who were arrested or stopped, or who witnessed these encounters or knew of others involved, had worse grades.
That these effects appear strongest for black students suggests that aggressive policing could worsen racial achievement gaps in school as well.
“All these kinds of disadvantages can accrue and build up,” said Aaron Gottlieb, a professor at the Jane Addams College of Social Work at the University of Illinois at Chicago, who has studied policing and student grades. “Let’s say a police stop reduces the likelihood that you go to college. That’s going to impact your earnings in the long run.”
Other research shows that negative interactions with the police can shape how residents think about government and civic institutions, and even democracy more broadly.
“It teaches something really important — and something really negative — about what agents of the state and bureaucracies are supposed to be doing in your community, what role they play, what their character is,” said Amy Lerman, a political scientist at the University of California, Berkeley.
She and Vesla Weaver, a political scientist at Johns Hopkins, have found that even minor encounters with police can reduce the likelihood of voting, a pattern other research of stop-and-frisk in New York has documented as well. Ms. Lerman and Ms. Weaver have shown that aggressive stop-and-frisk tactics can even have a chilling effect on whether residents use a service like 3-1-1 to report issues that have nothing to do with crime at all.

Is this a pseudoargument?

As a general widespread and crude policy, in how it was carried out, it may not have provided much, if any, benefit in crime reduction. That is, the benefits may have actually come from more focused or justifiable policing efforts:

Data suggests that the vast majority of street stops made by the police in New York at the height of stop-and-frisk weren’t particularly helpful in fighting crime: Few led to arrests or uncovered weapons. But research has found that a small subset of stops, those based on specific suspicions by officers and not general sweeps or racial profiling, do appear to have helped reduce crime.

From the study itself:

Impact zones were significantly associated with reductions in total reported crimes, assaults, burglaries, drug violations, misdemeanor crimes, felony property crimes, robberies, and felony violent crimes. Impact zones were significantly associated with increases in total reported arrests, arrests for burglary, arrests for weapons, arrests for misdemeanor crimes, and arrests for property felony crimes. Impact zones were also significantly associated with increases in investigative stops for suspected crimes, but only the increase in stops made based on probable cause indicators of criminal behaviors were associated with crime reductions. The largest increase in investigative stops in impact zones was based on indicators of suspicious behavior that had no measurable effect on crime. The findings suggest that saturating high crime blocks with police helped reduce crime in New York City, but that the bulk of the investigative stops did not play an important role in the crime reductions. The findings indicate that crime reduction can be achieved with more focused investigative stops.

Is this a pseudoargument?
Thirdly: ‘There’s some uncertainty about the causal factor there, but it was not irrational at the time to think that stop-and-frisk was part of the policy that was succeeding in causing crime rates to plummet.’
While it’s not possible for me to say whether it was rational or irrational at the time to think that stop-and-frisk played some role in crime reduction, even at the time, going back to at least 1999 (predating Bloomberg’s first mayoral term), the City had been aware that stop-and-frisk involved widespread constitutional violations:

[The City has] received both actual and constructive notice since at least 1999 of widespread Fourth Amendment violations occurring as a result of the NYPD’s stop and frisk practices. Despite this notice, they deliberately maintained and even escalated policies and practices that predictably resulted in even more widespread Fourth Amendment violations. . . . The NYPD has repeatedly turned a blind eye to clear evidence of unconstitutional stops and frisks.”

Which would not seem to be a great thing for a Presidential candidate to have aggressively expanded and vigorously defended over many years, when there was awareness of widespread constitutional violations at the time.
Fourthly: ‘A completely rational and compassionate attempt to mitigate violent crime could have given you this policy.’ If such a policy were rooted in rationality and compassion, would there not have been consideration for the known widespread constitutional violations and the fact that the vast majority of those being stopped were innocent people having negative experiences with law enforcement? In addition to which, when the New York City Council passed bills which provided oversight of the stop-and-frisk policy, including an independent monitor of the police department, Bloomberg vetoed them both! Surely someone being motivated by rationality and compassion would not object to oversight of their practices?
Fifth: ‘And it seems to me that the thing the Democratic party has to be able to admit at this point, in order to talk anything like sense on this topic, is that it’s a difficult social problem, that, the mayor was right in his diagnosis, that you could win money all day long in a casino that would allow you to place a bet on the age range and gender and minority identity of a perpetrator of a violent crime in New York City. You know, it’s not the ultra-Orthodox Jews who are mugging people in New York City. But that’s a politically toxic thing to make salient…’
So Harris says that this is a politically toxic thing to make salient, but for some reason the Democratic party are supposed to say ‘Well, Bloomberg was right that it’s mostly young black or Latino people committing violent crimes, in fact you could win money all day long betting in a casino on this very proposition!’ and this is…supposed to help them in the election? This sounds utterly ridiculous and a surefire way to alienate and anger voters and depress voter turnout.
Lastly: ‘the remedy of stop-and-frisk…probably wasn’t worth doing in hindsight’. Is this all Harris can say in assessing the policy, it probably wasn’t worth doing in hindsight? No mention of its being unconstitutional in practice, of widespread constitutional violations being known since at least 1999, of the majority of those stopped being innocent people, of various harmful effects it could have caused and which may still be ongoing? This statement is so devoid of awareness or familiarity with the details that it just comes across as either callous or oblivious.

What wasn’t said.

Repeating myself, but: the practice was found to be unconstitutional. This is a major thing to omit from a discussion of stop-and-frisk under Bloomberg.
When saying the practice was ‘more or less phased out’, this omits the fact that it was massively amplified under Bloomberg, and that when Bloomberg says he cut the practice back by 95% this is based on cherry picking by comparing against a high figure from his expanded usage; when he left office there was still a net increase in reported stops compared to when he first took office.

Anyway, I have to say that, when considering both what Harris did and didn’t say about stop-and-frisk, I didn’t find him to be making much sense on this topic. What are your thoughts?

Duels of Runeterra 12 (NA) - Day 2 & Top Cut Tournament Footage & Decklists

My take on fixing the "Star Wars" Sequel Trilogy (Part 2)

Part 1 is HERE, if you're curious.
This is the first half of my reimagining of Episode VIII. I wanted to fit it all in one post, but it got a little long.
I promise: I'll post the second half as soon as it's finished.
FAIR WARNING:
Full disclosure: I'm one of the Star Wars fans who liked The Last Jedi. In fact, I'd go so far as to call it my favorite movie in the Sequel Trilogy.
No, I don't think it was perfect. No, I don't think you're a bad person if you didn't like it. But as I said in my last post, I firmly believe that the single biggest problem with the Sequel Trilogy is that it felt more like an extended tribute to the Original Trilogy than a meaningful continuation of its story; I also happen to believe that The Last Jedi was the major exception to that rule.
Love it or hate it, it's hard to deny that The Last Jedi charted its own course, and it was anything but a safe slice of fanservice. It developed the central characters of the Original Trilogy in bold ways, it went out of its way to shake up the classic Star Wars formula, it explored an array of ambitious themes, and it actively avoided following the same plot structure as the Original Trilogy.
It's also easily the most visually unique entry in the Sequel Trilogy, with multiple striking set-pieces that look absolutely nothing like anything in the Original Trilogy. The desolate island planet of Ahch-To, the swanky resort/casino of Canto Bight, and the red deserts and crystal caverns of Crait were nothing if not original.
I'm not here to argue with people who disliked The Last Jedi; I think we're all pretty sick of arguing about that film by now. But I will tell you up-front: of my three reimaginings of the Sequel Trilogy, this one will be the least changed from the source material. Consider yourself forewarned.
The story so far:
Thirty years after the death of Emperor Palpatine, an uneasy peace reigns over the galaxy.
The New Republic, a democratic regime founded by the heroes of the victorious Rebel Alliance, rules over most of the galaxy from the capital world of Coruscant, its mighty space fleet patrolling the spaceways from the Core Worlds to the Outer Rim. But in the wake of the mysterious disappearance of the legendary Jedi Knight known as Luke Skywalker, the future of the galaxy appears uncertain.
Despite the New Republic's best intentions, most of the galaxy's wealth is concentrated in the hands of an elite group of traders and industrialists who profited from the rebuilding of the Core Worlds after the devastation of the Galactic Civil War. Since those dark days, divisions between rich and poor have left the vast majority of the galaxy's population living in squalor, leading to simmering tensions in even the most civilized worlds. On most habitable worlds, the New Republic keeps order with the aid of well-armed Planetary Security forces, who often use brutal methods to quell unrest and root out suspected radical groups.
Amid this world of tension, an underground society known only as "The Resistance" claims to champion the ideals of Luke Skywalker, who once stood as a beacon of hope against the forces of tyranny and injustice. Some view the Resistance as dangerous radicals, but others see them as idealistic crusaders keeping the values of the old Rebel Alliance alive.
Visually, this era of Star Wars is inspired less by pulp science-fiction of the '30s and '40s (Buck Rogers, Flash Gordon, John Carter of Mars, Lensmen, etc.) and more by cyberpunk fiction of the '80s and '90s (Neuromancer, Snow Crash, Blade Runner, Ghost in the Shell, etc.). The Resistance aren't an upstanding crew of gallant freedom fighters—they're a morally ambiguous band of tattooed street punks who can usually be found hanging out in seedy night clubs at the heart of densely populated cities. "Planetary Security" aren't styled after goose-stepping Nazi Stormtroopers or SS Officers, but after modern-day American SWAT teams or riot cops. Rey didn't grow up on a Tatooine-esque desert planet covered in scrapyards, she grew up in the shantytowns of a sprawling planet-sized city.
If you need a visual reference: think this, or this, or this.
Anyway...
In the Unknown Regions, the splintered remnants of the fallen Galactic Empire fight a long guerrilla war in the darkness of space, regularly launching surprise attacks on unprepared worlds in the Outer Rim as they spin plans to return the Empire to its former glory. Of the dozens of terrorist groups who continue to champion the Imperial cause, among the most merciless is "The First Order", an elusive band of fanatics led by the masked warrior Kylo Ren and his mysterious mentor known only as "The Oracle".
Not too long ago, Kylo Ren and his companions (known as "The Knights of Ren") embarked on a mission to the desolate backwater planet of Eravana, looking for an aging old hermit called Lor San Tekka. As it turned out, San Tekka was a former member of the Jedi Order who was among the last people ever to see Luke Skywalker alive—and he possessed valuable information that held the key to revealing his old friend's whereabouts.
In a brutal raid, Ren and his companions murdered San Tekka, took the encrypted map that he kept concealed in his necklace, and killed all witnesses in the nearby village that San Tekka guarded in his twilight years. But in the aftermath of the raid, one of Ren's loyal Stormtroopers—designated "FN-2187", but nicknamed "Finn"—suffered a crisis of conscience, and resolved to leave the First Order to defect to the New Republic. Believing that he could buy a new life with information on Luke Skywalker, he stole San Tekka's map and fled to the nearest inhabited world: a densely populated planet called Jakku covered by sprawling cities.
Much to his dismay, Finn soon learned that it wouldn't be so easy to outrun his past. Not long after he arrived on Jakku, he found himself fighting for his life when the local Planetary Security force recognized him as a member of an Imperial loyalist group and tried to kill him on the spot. Soon after that, he learned that many of the New Republic's power-brokers were perfectly content to let Luke Skywalker stay in exile, viewing him as a dangerous revolutionary who would provoke unrest among the common people.
While on the run from Planetary Security, Finn crossed paths with Rey, an orphaned young woman who was abandoned by her parents in the city's squalid shantytowns when she was just a girl. With the help of Rey and her trusty droid companion BB-8 (whom she built from spare parts), Finn sought out the local Resistance chapter in a seedy nightclub, knowing that they didn't share the New Republic's feelings on Luke Skywalker. Upon realizing that Lor San Tekka's map really did lead straight to Skywalker, the Resistance pledged their help in decoding the map, and offered to give Finn and Rey safe passage to their safehouse on the planet Takodana. After the Resistance made a call to a certain space pilot loyal to their cause, roguish Resistance agent Poe Dameron pledged to accompany Finn and Rey on their journey.
With both Kylo Ren and Planetary Security hot on their trail, Finn, Rey, and Poe made a mad dash to Jakku's local spaceport, determined to make their rendezvous with the Resistance's pilot. Much to their surprise, they discovered that the pilot was none other than Han Solo, who had gone underground and joined the Resistance along with his faithful co-pilot Chewbacca. During the journey to Takodana, Han revealed that Kylo Ren was actually his son Ben Solo, a former pupil of Luke Skywalker who turned against him and destroyed his academy. While Han didn't know Luke's whereabouts, he also revealed that Luke vanished shortly after Ben's betrayal—possibly because he felt responsible for it.
On Takodana, where the trio met Han's estranged wife Leia Organa—who had also gone underground and joined the Resistance—the Resistance set about decoding the map. Before they could, though, the Resistance's safehouse fell under an orbital strike from Kylo Ren, who had managed to track them to Takodana. Entering the safehouse with his Stormtroopers, Kylo took the encrypted map and captured Rey, then departed for his hidden fortress on the planet Ilum. Determined to reclaim the map and rescue Rey, Han took Finn, Poe, and Chewbacca to Ilum in the Falcon, secretly planning to confront his son and convince him to return to his family.
After being interrogated by the First Order for information on Luke Skywalker, Rey miraculously managed to escape from her cell in Kylo's fortress by taking advantage of her latent sensitivity to the Force. Later, as Han entered the fortress with his companions in tow, he called out to his son by name after recognizing him from a distance—but Finn and Poe were forced to watch helplessly as a visibly conflicted Kylo ignited his lightsaber and stabbed his father through the chest, killing him.
While making her way through the fortress in search of a way out, Rey accidentally stumbled upon Kylo's personal quarters, where he kept a shrine dedicated to his grandfather Anakin Skywalker, the man once known as "Darth Vader". Among the relics in the shrine was the distinctive black helmet that Anakin wore after his turn to the Dark Side, but also the lightsaber that he wielded as a Jedi—which was inherited by Luke Skywalker. Desperate for a weapon to defend herself, Rey took the lightsaber and instinctively ignited it when Kylo cornered her outside the fortress. In a fierce lightsaber duel, Rey surprisingly managed to hold her own against Kylo, and narrowly managed to escape with her life when Finn and Poe spotted her and picked her up in the Falcon.
Rey, Finn, and Poe returned to Takodana with the map in hand, and finally managed to decode it, revealing that Luke Skywalker was on the distant ocean-covered planet of Ahch-To. But Leia, who had sensed Rey's budding sensitivity to the Force, urged Rey to make the journey to Ahch-To without her companions, hoping that Luke could teach her the ways of the Jedi and help her master her new abilities. Heeding Leia's advice, Leia boarded the Falcon with Chewbacca and R2-D2 as her co-pilots, and set course for Ahch-To.
After a long flight over Ahch-To's endless seas, she landed on a strangely familiar island, which she seemed to remember from her dreams. On the island, a mysterious figure in a hooded robe stood before a lonely stone temple, seemingly waiting for her. When she held out Anakin Skywalker's lightsaber to the mysterious figure, he removed his hood—revealing the face of Luke Skywalker.
And now, our story continues...
STAR WARS: EPISODE VIII — THE LAST JEDI (Part 1)
A long time ago in a galaxy far, far away...
(cue the fanfare)
At the center of the New Republic, legendary freedom fighter Leia Organa returns to the capital world of Coruscant. Accompanied by her two newest companions, Leia prepares to call the galaxy to arms as a new war looms on the horizon.
Meanwhile, Kylo Ren—the man once known as Ben Solo—gathers the forces of the sinister First Order for a desperate attack on the heart of the Republic, determined to strike back against the forces of the Resistance who once defied him.
In the dark days to come, only the last of the Jedi can restore hope to the galaxy in the face of tyranny. After ten years in exile, Luke Skywalker must confront his destiny...
After a long journey through space, a starship drops out of hyperspace in the orbit of a planet at the heart of the Galactic Core. At the bridge of the starship, Leia Organa looks down upon the surface of Coruscant—the world where her father once trained as a Jedi, and where her mother once represented her people as a member of the Galactic Senate. Nearby, Poe Dameron and Finn look down at the capital of the New Republic as their loyal companion BB-8 excitedly chirps and beeps.
Finn, who was born on a backwater planet on the Outer Rim, is visibly awestruck at the sight of the planet. Poe, a hard-bitten member of the Resistance with no love for the New Republic, looks down on it with disdain.
"This is it?" Finn asks.
"Yeah, this is it," Poe says cynically. "The bright center of the universe..."
Leia breathes deeply as her starship descends, preparing to dock at the spaceport.
"A long time ago, I swore I'd never come back to this cess-pit," she says. "I hate to break a promise. But if we're gonna bring down the First Order, we're gonna need help. Something's coming—and I've got a bad feeling about it."
In the darkened halls of his starship, Kylo Ren confers with his companions—the seven masked warriors known as "The Knights of Ren"—as he prepares for a meeting with his mentor "The Oracle". For the first time, we hear Kylo address the seven warriors by name, and it immediately becomes clear that Kylo (once called "Ben Solo") isn't the only one of them who cast aside his birth name. His companions (in no particular order) call themselves "Tarmin Ren", "Mokkar Ren", "Kadori Ren", "Shakar Ren", "Darro Ren", "Yandoss Ren", and "Vorjall Ren".
As soon as we learn this, it becomes instantly clear that the surname "Ren" holds some personal significance for Kylo and his seven companions, and that each of them chose to take it. But what does it mean?
"There are hard days coming," Kylo tells his companions. "The Force is strong with me, but I am no immortal. If I don't survive the battle to come, you must keep our crusade alive. Long ago, we swore an oath to each other. We swore that this war would only the beginning. Soon, we will embark on the final path toward ultimate power. But until then, you must stay on Ilum and await my return. Stay, train, and remember our oath."
As the Knights of Ren bid farewell to Kylo and board a shuttle bound for their fortress on the planet Ilum, Kylo steps into the personal chambers of the Oracle.
The Oracle's skin is deathly pale, his limbs are long and distorted, half of his face is covered in a horrific burn, and electrical wires extend under his skin like nerves. Upon seeing him in person, we see that he's strapped to a reclining chair and attached to a life-support machine, and is seemingly too frail and injured to stand. When he speaks, his voice warbles and reverberates with electronic sounds. A holographic monitor above his head displays his heartbeats and brainwaves, and seven armed warriors dressed in identical red armor—his Praetorian Guard—surround him at all times.
"My worthy disciple..." the Oracle breathes.
"It's coming, Oracle," Kylo says. "The day that you foresaw. The death of the New Republic draws near."
"And yet, my visions tell of something else," the Oracle says. "Skywalker lives. The seed of the Jedi Order lives. As long as it does, hope lives in the galaxy."
"It won't matter," Kylo says. "I'll burn down everything he built. If Skywalker would return, let him rule over dust and ash."
"You forget, boy... I know of what you seek. You and your companions. This war is only the beginning. And when the day comes to seek out the ultimate power, you will not find it without me."
"I've forgotten nothing, Oracle," Kylo says, bowing. "And I promise you this: when that day comes, the New Republic will not stand in our way."
On the planet Ahch-To, we rejoin Rey.
On a barren rock at the center of an endless ocean, she approaches Luke Skywalker and presents him with his father's lightsaber—the noble weapon entrusted to him by his mentor Obi-Wan Kenobi, which was seemingly lost forever on Cloud City.
Luke steps forward and accepts the lightsaber, clasping it in his metallic hand. For a moment, he seems overcome by memories of his past. But as soon as that moment passes, he nonchalantly tosses the weapon over his shoulder, then walks away without a word. Perplexed, Rey tries to follow him, even as she gradually realizes that the legendary "Sky-Walker" has been changed profoundly by his time in isolation.
A far cry from the dashing, handsome war hero worshipped by the Resistance, Luke's hair and beard have grown long, his face is wind-burned, and he dresses in weather-beaten robes. At the top of a hill, she sees a simple hut built of mossy stones, where Luke has apparently lived for 10 long years without a soul for company. As he trudges up to the top of the hill, walks into his hut, and slams the door in her face, he never once glances back at his old lightsaber.
Undaunted, Rey follows him into his hut, with Chewbacca following close behind. Luke does his best to blow them off, but Rey persists, following him around the rugged island as he goes about his daily chores. After telling Luke about her recent experiences, Rey insists that she won't leave until Luke trains her in the ways of the Force. Although Luke is devastated to learn of the death of his old friend Han Solo, he stubbornly refuses to train Rey. Having clearly become bitter and jaded in his old age, Luke insists that his training couldn't do Rey any good.
"Something inside me has always been there," Rey says. "And now it's awake. And I'm afraid. I don't know what it is, or what to do with it. And I need help!"
"You need a teacher. I can't teach you," Luke says. "I will never train another generation of Jedi. I came to this island to die. It's time for the Jedi to end."
Rey is utterly shocked to hear Luke so callously reject the Jedi, but she still can't bring herself to abandon her mission. When night falls, she goes to sleep outside Luke's hut, planning to ask him again in the morning.
Later that night, Luke creeps into the Millennium Falcon while Rey sleeps, and he finds himself overcome by his old memories as he walks through the familiar hallways of the spaceship that once took him on a fateful journey to the Death Star. While on his way out, he unexpectedly bumps into his trusty old droid R2-D2, who is ecstatic to see his master again after ten long years. Artoo pleads with Luke to leave his self-imposed exile and return to the Republic, but Luke still refuses—until Artoo tugs at his heartstrings by playing the holographic message from Princess Leia that once spurred him to leave Tatooine to fulfill his destiny. As Luke hears the familiar words "Help me, Obi-Wan Kenobi—you're my only hope!", he realizes that he can't deny who he truly is.
He promises Rey that he will begin training her at dawn, but tells her that he will only give her three lessons on the Force.
Back on his starship, Kylo Ren strides from the Oracle's chamber and walks into another room. The room is empty—but when he presses a button on the wall, the lights dim, and the room is filled with a massive hologram. Kylo suddenly finds himself at the center of a massive auditorium filled with shadowed figures, all of them dressed in the traditional colors of the old Galactic Empire. Some of them dress in blood-red armor, others in crisp black naval uniforms, others in white robes; in one corner of the auditorium, we see a group of men in grey chainmail with faces covered in black tattoos.
"Who summons us?" one man calls out in a mocking voice. "Another pretender to the Imperial throne?"
Kylo steps into the light.
"I am Kylo Ren—master of the Knights of Ren, and Supreme Commandant of the First Order!" he responds. "I am no pretender, and I have come to claim no throne. Only my destiny."
Cruel laughter fills the room.
"And what of you?" Kylo asks. "Make yourselves known."
One by one, the leaders of the various assembled groups step out of the shadows and announce themselves.
"The Commander of the Crimson Legion stands present!"
"The Admiral of the Black Fleet stands present!"
"The Sovereign of the Dark Chosen stands present!"
"The Lord of the True Sith stands present!"
In our last adventure, it was well-established that the First Order are just one of many terrorist organizations formed from the splintered remnants of the fallen Empire, and they've been fighting a protracted guerrilla war against the New Republic while hiding in the Unknown Regions. Now, for the first time, we get a real idea of just how many Imperial loyalists groups are really hiding out on the fringes of the Galaxy. And for the first time in a long while, the leaders of the most powerful groups have come together to discuss an alliance.
Some of them are partisan soldiers, others are Dark Side cultists, others command pirate space fleets, and some are adept warriors who practice the secret martial disciplines once wielded by Palpatine's elite Royal Guard. They all have their own private missions and agendas, but they all share a common dream: the eradication of the New Republic, and the rebirth of the Galactic Empire.
"The New Republic has spread like a cancer. It is a parasite, corrupting the heart of a galaxy that was once great," Kylo says. "On Coruscant, where the Imperial Palace once stood, the bureaucrats of the Senate rule over a kingdom of beggars and thieves, bowing to the whims of the weak and the cowardly! But I know the same sacred truth that Palpatine knew: the Galaxy belongs only to the strong!"
A murmur of approval echoes through the room—but one of Kylo's invited guests remains skeptical.
"And you mean to challenge them, do you? Shall the fleet of the New Republic bow to a half-grown boy?"
As an answer, Kylo pulls a familiar object from the folds of his cloak and holds it up to the light. His guests gasp in shock as they get a good look at it. It's Darth Vader's helmet!
"They will bow to the heir of Darth Vader!" he calls, his voice echoing through the chamber.
"Who are you, Ren?" the skeptical guest asks. "Who are you, truly?"
A sly smile crosses Kylo's lips.
"Once, my name was Ben Solo," he says. "My father was a lowborn smuggler. My mother, raised by the Queen of Alderaan, was the daughter of a Jedi Knight. His name was Anakin Skywalker—but you knew him by another name."
Kylo ignites his lightsaber as he holds Vader's helmet aloft.
"I fight in the name of my grandfather, who once led the Empire to victory. I remember those who came before me. And when the time comes, I ask only that you take what is yours."
After a long silence, someone finally speaks.
"What do you propose?" he asks.
Once again, Kylo smiles.
"Stay vigilant for word from Coruscant," he says.
On Coruscant, Leia disembarks from her starship with Finn, Poe, and BB-8 in tow, and she's promptly greeted by mobs of spectators—some of whom clearly adore her, and some of whom apparently despise her. Since she went underground and joined the Resistance years earlier, Leia hasn't been seen in public in a long time, much less on the capital planet of the New Republic.
A short distance away, Leia's destination looms above the crowds. It's the Galactic Senate Chamber—the building where Palpatine declared himself Emperor over half a century ago. She doesn't say a word, but the implication is clear: Leia has come to address the Senate on the threat of the First Order. Just like her mother, who once appeared before the Senate to call for aid on behalf of her people, Leia plans to call for aid against those who would keep Palpatine's dream alive.
Inside the Senate Chamber, a massive multi-species delegation of planetary representatives has gathered to hear Leia's testimony. Before she approaches the platform at the center of the chamber, she orders Poe and Finn to wait on the sidelines for her.
"It's been seven years since your last public appearance," one Senator says, as Leia takes the stand. "What urgent matter begs the attention of a princess?"
Derisive laughter echoes through the chamber, but Leia stays passive.
"I was a princess once," Leia says pensively. "I was a rebel. A diplomat. A smuggler's lover. It never really mattered to me. At heart, I've only ever been a soldier."
"Once, perhaps," the Senator fires back. "This is peacetime, Your Highness. Have you forgotten that?"
"I don't forget many things," Leia says. "Can you say the same?"
A murmur of unrest echoes through the chamber. The Senator, unamused, proceeds forward.
"Speak your piece, Your Highness," he says coldly. "You have the floor."
True to his word, Luke gives Rey her first lesson in the Force in the early morning hours, encouraging her to reach out with her feelings while meditating at the top of a mountain. As Rey feels herself mentally connecting with the life around her, Luke tells her that the Force pervades all things, and all things achieve balance through the Force. Life and Death, Light and Darkness, Birth and Decay, and all of the forces that shape the universe itself. Rey realizes that she feels that same Force within herself.
While the Force once gave the Jedi great power, Luke believes that the Jedi were undone by their arrogance when they convinced themselves that the Force belonged to them. As he tells Rey: even if the Jedi die out, the Force can never truly fade away—and the people of the Galaxy don't need the Jedi to teach them how to connect with the Force.
"And this is the lesson," Luke says. "The Force does not belong to the Jedi. To say that if the Jedi die the Light dies is vanity. Can you feel that?"
But Rey's lesson suddenly takes a dark turn when Rey senses something truly powerful and truly evil: a dark cavern beneath Luke's island temple, where the Dark Side of the Force gathers and festers. Something in the cavern calls out to her, promising to answer every question that she's asked herself since she was young. Despite Luke's warnings, Rey finds herself drawn to the darkness, forcing Luke to cut her lesson short.
Visibly disturbed, Luke realizes that Rey's connection to the Force might be stronger than he realized—and she might be more susceptible to the allure of the Dark Side than he feared.
"That place was trying to show me something," Rey says.
"It offered you something you needed," Luke says. "And you didn't even try to stop yourself! I've seen this raw strength only once before, in Ben Solo. It didn't scare me enough then. It does now."
As Luke strides away, Rey contemplates the unsteady ground beneath her feet, wondering what the cave was trying to show her.
"I think my report speaks for itself," Leia says, at the conclusion of a short speech before the Senate.
"Yes, quite..." the Senator says. "A terrorist base on Ilum? A fanatic with a lightsaber?"
"A fanatic with a lightsaber and an army," Leia corrects him. "Kylo Ren is more than a terrorist. He has ambition. He has charisma. And he has power. Power like I haven't felt in years. Not since..."
Leia's voice falters as she remembers her first encounter with her father as an adult. She doesn't finish her sentence, but her thoughts are clear: "Not since I stared Darth Vader in the face."
"By all means, Your Highness..." the Senator says, rolling his eyes. "Indulge us with your murmurings about ripples in the Force!"
Mocking laughter echoes through the chamber. It's immediately clear that few of the Senators take the Force seriously, dismissing it as an ignorant superstition.
For the first time since she arrived on Coruscant, Leia raises her voice. Anger flashes in her eyes as she silences the laughter with a single word.
"QUIET!" she yells. "Don't you ever forget: I fought on the frontlines with the Rebel Alliance! I gave everything I had to their cause, and I nearly died for it! I haven't forgotten what I fought against. Thirty years ago, I learned the true meaning of evil, and I stared it down and held my ground. The Dark Side isn't a fairy tale. Believe in it, or don't. It'll rip your heart out just the same."
Sufficiently goaded, the Senator rises to his feet.
"You would dare befoul this chamber with your superstitious clamor?" he fires back. "And shall we be lectured on evil by the daughter of Darth Vader?"
All around the chamber, Senators audibly gasp. Leia stares down her adversary from across the length of the room, and his lips curl into an arrogant sneer. He has mentioned her greatest shame—the one that she could never overcome.
"We haven't forgotten the past," the Senator says. "We remember what happened when the Jedi were allowed free reign. We remember what happened when the people of the Galaxy vainly put their faith in the Force. And we remember the Jedi who sat at the Emperor's right hand. Rest assured: the past will not repeat itself. If the Jedi would die, then let them die."
Leia's lips tremble as she struggles to speak.
"The Jedi aren't dead," she says. "There's one left. And he won't stay gone forever."
"Luke Skywalker..." the Senator says derisively. "You say that you've foreseen a dark future for this Republic. So tell us, Your Highness: when that future comes, will one old man be enough to save us?"
Leia takes a deep breath.
"For all our sakes, I hope so."
Kylo Ren's starship drops out of hyperspace, accompanied by dozens of First Order ships. As the fleet courses through the darkness of space, we see that they're flying in formation around a strange-looking starcraft that doesn't look quite like anything we've seen before. Its body is elongated, it's covered with transparent viewing windows, and glowing orbs endlessly spin around its midsection, pulsing and crackling with powerful energy.
At the bridge of his flagship, Kylo sits behind a control panel. In the viewing window, a planet comes into view.
It's Coruscant. Kylo Ren and the First Order have come to the capital of the New Republic.
"Remember the plan," Kylo says to his officers. "And ready the Star Hammer. We've only got one shot at this!"
In a pristine Planetary Security station at the heart of Coruscant—similar to the one we saw on Jakku—uniformed officers monitor a series of holographic computer banks, which display Coruscant's defense grid of armed orbital satellites. Suddenly, one by one, the computer monitors begin flashing bright red.
"Something's not right..." a Planetary Security officer says, suddenly worried. "We're losing contact with our orbital defense grid!"
As his starship enters Coruscant's orbit, Kylo keys a command into a computer panel.
Back in the Planetary Security station on the surface of the planet, a look of abject horror crosses one officer's face.
"No..." he breathes. "That's not possible!"
"What's going on?" his commander asks.
"It's our defense grid... We can't get a signal through, but our satellites are still moving on their own! They're turning—and they're aiming at the surface of the planet!"
In an instant, the commander realizes what's happening: someone has hacked Coruscant's defense grid, and they're attacking the planet with its own defenses!
The commander begins barking orders to his subordinants.
"Send a message to every security station on the planet: the capital is under attack!" he yells.
In the Senate Chamber, Leia and the Senator stare each other down. But before either of them can say another word, the building shakes, and the ground rumbles.
Outside, a massive barrage of laser-fire rains down from the sky as the hacked satellites fire at the surface of Coruscant. Within moments, the center of the city is in flames. Buildings buckle and collapse, and the screams and cries of dying civilians echo through the streets.
Inside the Senate Chamber, a Planetary Security squad rushes inside and orders the assembled Senators to evacuate. As the terrified politicians prepare to follow the Planetary Security officers to the nearest spaceport, one of the officers points to Leia.
"You! Come with us, Your Highness. We have orders to evacuate you separately!"
Leia gestures to Finn and Poe, who look around in terror and confusion as Coruscant collapses around them.
"I'm not leaving alone," Leia says. "They're coming with me!"
Together, Leia and her companions make a mad dash to the spaceport as chaos erupts all around them. In the skies above Coruscant, the First Order's warships come into view as they unleash a hellish artillery barrage on the buildings below.
After a long run to the spaceport, the Planetary Security officers direct Leia to her ride off of Coruscant. To her surprise, it's not a civilian transport—it's the Comet Chaser, a warship in the New Republic space fleet.
"You've been designated a critical asset by New Republic High Command!" the officer says. "You have intelligence on the First Order. That means we want you by our side."
They board the Comet Chaser. Evading enemy fire, the warship takes off into the sky to join the unfolding space battle.
But the worst is yet to come...
In Coruscant's orbit, Kylo's elongated spacecraft—the mighty Star Hammer—charges its central reactor, and the glowing orbs spinning around its midsection begin to speed up. On the bridge of his starship, Kylo lays his hands on his control panel and begins making a complex gesture with his hands. The spinning orbs around the Star Hammer's midsection begin to speed up—and somewhere in the distance, a massive object approaches Coruscant...
Back in the Planetary Security station on Coruscant's surface, one of the monitoring computers goes haywire. Heads turn as it begins beeping a shrill warning siren.
"Something's coming..." one of the officers says. "Gravity fluctuations are off the chart! Whatever it is, it's big!"
When he realizes what he's looking at, the commanding officer's mouth hangs open in shock.
"No..."
In the orbit of Coruscant, we zoom in on the Star Hammer as it shoots a burst of iridescent blue energy into the distance and hits Coruscant's moon. Finally, we realize what the Star Hammer is doing: it's an advanced superweapon that controls gravity, and it's caught Coruscant's moon in a powerful tractor beam. Now, as the First Order rains destruction down on the the New Republic's capital, it's preparing to hurl the moon at the surface of Coruscant, forcing the two celestial bodies into a massive collision that will wipe out all life on the planet.
As the moon moves inexorably toward the surface of Coruscant, hundreds of civilian transports take off, desperately attempting to flee to freedom.
On the surface of Coruscant, all Hell breaks loose as the moon comes into view, looming large over the seas of panicking civilians on the ground. Earthquakes tear through the surface of the planet, the ground splits open, and buildings collapse by the dozens.
The Republic space fleet can repel an enemy space fleet, but they can't fight the raw power of gravity. Somewhere in the distance, Republic starships attempt to fight their way through the First Order's battle lines to take a shot at the Star Hammer and stop the moon—but it's already too late.
As the Comet Chaser carries them into space, Finn and Poe can only watch in awe and horror as the moon slams into Coruscant, obliterating the New Republic's capital within moments.
Far away, on another starship, a man dressed in Imperial colors watches the destruction of Coruscant unfold on a holographic viewscreen. As we soon see, it's the same man who skeptically dismissed Kylo at his gathering.
Suddenly, Kylo's face appears in his viewscreen as he sends him a transmission from Coruscant. He leans in close, staring coldly.
"Do I have your attention now?" Kylo asks.
TL;DR: My version of The Last Jedi begins with Kylo Ren and the First Order forming a massive alliance of terrorist groups who continue to champion the cause of the Galactic Empire. While Rey trains with Luke on Ahch-To, Finn and Poe accompany Leia to the New Republic capital of Coruscant, where Leia attempts to warn the Galactic Senate of the threat of the First Order. Despite her best efforts, Leia's warnings are ignored by the Senate, who dismiss her visions of the rebirth of the Dark Side as superstitious prattle.
In the middle of Leia's speech before the Senate, the First Order launches a shocking attack on the capital, using an experimental weapon known as "The Star Hammer" (which controls gravity) to hurl Coruscant's moon at the surface of the planet, wiping out most life on Coruscant. Amid the chaos, Leia narrowly manages to escape in a New Republic warship with Finn and Poe—but the First Order's attack turns out to be the first step in a coordinated assault, signaling Imperial loyalists all across the Galaxy to emerge from the shadows and attack the Republic.
Additionally: the Knights of Ren have names, and it's established that they all use the surname "Ren"—hinting that the name holds some personal significance for them. And in a conversation between Kylo Ren and his mysterious mentor "The Oracle", it's hinted that Kylo's war with the New Republic is just the first step in a quest for ultimate power.

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Why The Emoji Movie is a better representation of Star Wars than the Disney Trilogy

1. The Plot

2. The Characters

3. The Dialogue

4. The World Building

5. No Politics

6. The Studio

CONCLUSION

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4. The World Building

5. No Politics

6. The Studio

CONCLUSION

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