One normally doesn’t speculate too wildly about things such as a commercial entity’s financial condition. It has a tendency to be self prophesying. However the Whale Oil Blog has speculated plenty on the financial condition of others. There have been a number of indications lately to the effect that things are getting a bit tight and this is confirmed in a post today from “Moderator” Pete Belt.
December and January have been lean, and the buffer we had built last year has been used up. ….the truth is that were (sic) tight last month, and things are now close to becoming a problem. …to be blunt, there is a serious cashflow problem now.
Slater’s management of money hasn’t demonstrated he is any kind of financial wizard. His security company allegedly went broke, and he was then on an insurance company funded benefit for five years until the company withdrew claiming Slater did not qualify.
Then he conducted an inexplicable personal vendetta against Matthew Bloomfield which has seen him in court for breaching privacy.
It doesn’t cost a lot to run a blog unless you’re employing people, and apparently Pete Belt is a bit of a drain on resources. Frankly I don’t know why Slater employs this buffoon, who claims credit for raising the hit count at the site, but I think it only increased because of outside factors like election fever and a few scandals Whale Oil broke and/or the Hager “Dirty Politics” book.
I’ve called Pete Belt a lying coward before for his completely false claims that I upvoted my own comments on his site. Comments that were generally opposing Slater’s pro- same sex marriage stance. I think these comments received support because the opposition to same sex marriage was far greater than the political classes (including Slater) wanted to acknowledge.
Whatever, the smears that Pete Belt initiated against me right across the NZ internet were the work of a cowardly liar, and I shall never forgive him for those lies. If Whale Oil is indeed feeling the pinch the first thing I would do is fire Belt and ask for volunteers to run the site. Assuming Slater is too busy with various legal matters to do it himself.
And while we’re talking about it, what’s happened to Whale Oil’s promise to spill the dirt on who was really behind the Hagar book, and what’s happening with Freed. Things seem to have gone ominously quiet on both these issues.