Category: Shiny Pony

Your Government Is Here For You

Now is the time at SDA when we juxtapose again!

Washington, DC – March 30, 2020: Trump unveils new five-minute coronavirus test device

Update: FDA authorizes two-minute antibody testing kit to detect coronavirus

Ottawa, ON – March 31st, 2020: “our next-generation manufacturing supercluster will be leading companies in developing and scaling up new technologies to test and to treat Canadians.”

Flashback to SDA, March 27th: This is GAME CHANGER. Abbott to market, starting next week, a fast point-of-care #coronavirus test, delivering positive results in 5min and negative results in 13min. Will deliver 50K tests/day to start. Kudos to Abbott and FDA’s Jeff Shuren and team at CDRH who are in the fight.

The Libranos: YOU get a yacht! and YOU get a yacht!

To help secure a seat, Canada be expected to give ‘several hundred million’ to the African Union

The COVID-19 pandemic ended the secret handshakes and deal-making in the world’s power corridors, but Canada’s campaign for a temporary seat on the United Nations Security Council is full steam ahead.
 
Foreign Affairs Minister Francois-Philippe Champagne and International Development Minister Karina Gould confirmed the continuing campaigning in separate interviews with The Canadian Press this past week. […]
 
Champagne and Gould say that Canada’s international stature has grown because of its response to the COVID-19 outbreak, which so far includes a $50-million foreign aid package, but some ex-diplomats say Canada needs to spend more in that area to win votes.

Related: YOU get a cottage! (Not you, commoner).

Update: Now is not the time for math.

Fools And Our Money

Pray that Quebec has the fortitude for what is about to befall her.

Money.
Raining from the sky.
From us.

Update.

And another. Can I call em or can I call em?

Your Government Is Here For You

CBC;

A Canadian company says it can ramp up production within days of potential life-saving ventilators, once it gets final instructions from the federal government.
 
Countries are scrambling to avoid the nightmarish scenario unfolding in Italy, where doctors are grappling with which patients to save because there aren’t enough breathing machines to serve all the critically ill victims gasping for air.
 
The Toronto-based medical supplies company has a letter of intent from the federal government to purchase machines and says it can drastically scale up production once it receives one critical detail:
 
How many machines does the government want?

Your Government Is Here For Them

The Canadian government will soon roll out millions in foreign aid spending to help combat the spread of COVID-19 abroad, particularly in refugee camps and developing countries, says International Development Minister Karina Gould.

And them too! Ottawa to take charge of housing asylum seekers for 14-day isolation period

And themselves.

Update: Trudeau cracks. Canada will return irregular immigrants who attempt to cross the US border.

(Good work by the Rebel!)

Trudeau Rolls Out Massive Borrowing Package

Liberal government suspends systematic destruction of the Canadian economy to announce emergency aid to the economy;

Prime Minister Justin Trudeau has unveiled a sweeping $27-billion emergency aid package that offers immediate and direct help to Canadians and businesses, plus $55-billion in tax deferrals, to help them survive the severe economic downturn caused by the coronavirus pandemic.
 
The massive stimulus package will inject cash into businesses to keep workers on the payroll even if they have been sent home and bolstering federal benefits and employment insurance programs.
 
“The measures we are announcing today will provide up to $27-billion in direct support to Canadian workers and businesses, plus $55-billion to meet liquidity needs for Canadian businesses and households through tax deferrals to help stabilize the economy,” he said. “This $82-billion in support represents more than 3 per cent of Canada’s GDP.”
 
The Prime Minister told a news conference that Ottawa is taking direct action to help Canadians who don’t qualify for employment insurance or don’t have access to paid sick leave.
 
“Our government will introduce the emergency care benefit which will provide money every two weeks to workers who have to stay home,” he said. “People will receive this benefit for 14 weeks for an amount comparable to the amount that would be paid through EI.”
 
The new benefit will apply to Canadians who fall ill and have to self-isolate, he said.

Nothing about the carbon tax, oddly enough.

Wuhan Flu: Canada To Bar Entry To Non-Citizens

Per the announcement this hour from the late Prime Minister: Canada to bar entry to all travellers who are not citizens or permanent residents. Exceptions will be in place for U.S. citizens, diplomats, crew and immediate family members of citizens…

And crossings via Roxham Road, one presumes.

If the Trump admin issues the same in coming hours, I think it’s safe to assume Trudeau’s hand was forced by a courtesy call from Washington.

Related: Mexico is getting that wall.

Life comes at you fast.

Update: France has gone into full lock down for 15 days.

And also, San Francisco.

Your Government Is Here For You

@CP24 JUST IN: CBSA employee at Toronto Pearson tests positive for COVID-19

And nobody can figure out why.

And The Budget Will Balance Itself

Jack Mintz;

The good ship “Federal Budget” looks like it is about to hit the rocks. Expect a broken promise as the federal debt/GDP ratio rises with moribund growth in the first half of 2020.
 
What could also happen is something that we have not seen for some time: federal program spending outstripping revenues. This is called the primary (or operational) deficit when a government not only can’t cover debt interest payments (totalling $23.9 billion in 2018/9) but also its program expenses.
 
A primary deficit has not appeared since the fiscal years 2009/10 and 2010/11 when a severe global financial recession took place. For two decades prior to 2009, we had only federal primary surpluses. Even in the latter Mulroney years with a deep 1990-91 recession, Canada ran a primary surplus. The real story was profligate spending during the Pierre Trudeau years resulting in a string of primary deficits starting in 1975/76 for over 12 years, even during robust growth years. […]
 
And this looks to happen in 2020

Dead Country Walking

Berkshire bails;

Warren Buffett’s investment company Berkshire Hathaway has decided not to invest $4 billion in a liquefied natural gas (LNG) plant by the Saguenay port, according to Radio-Canada.
 
The marine terminal to ship LNG to overseas markets is slated to be built roughly 230 kilometres northeast of Quebec City, at a cost of $9.5 billion.
 
News broke Thursday morning in La Presse that Berkshire Hathaway was walking away from the project.
 
Stéphanie Fortin, head of communications for the company behind the project, GNL Québec, confirmed the company had lost a significant potential investor, but did not want to say who it is.
 
She did say, however, that the company lost the investor because of the “current Canadian political context.”

Divine Right Of Trudeau

It’s good to be King.

In 1215, the Magna Carta began the hereditary monarchy’s eventual loss of power in England, but it was not until 1688 that the Glorious Revolution finally ended the divine right of kings in the United Kingdom. These were significant events in the achievement of democracy, one of mankind’s great accomplishments. Yet last Sunday, 332 years later, the governments of Canada and British Columbia entered into an agreement with the Wet’suwet’en nation that explicitly recognizes its hereditary governance system. As a result, a central tenet of Canada’s system of government will not apply to the way some Indigenous peoples govern their affairs. […]
 
The hereditary chiefs are understandably delighted with the agreement and feel their historical claims were finally recognized. But how will entrenching hereditary leadership affect the lot of community members? What will be the chiefs’ authority and jurisdiction and what will fall to the democratically elected band councils? Will the people be able to overrule leaders they did not chose? How will differences between the hereditary chiefs, the band councils and community members be resolved?
 
Then there are broader questions about the development of Canada’s vast natural resources. To whom will the constitutional requirement for consultation apply? Hereditary chiefs, band councils or both? So far, the courts have decided that consultations do not imply a veto right. But the prime minister has promised to adopt the United Nations Declaration on the Rights of Indigenous Peoples this year. How will the courts interpret its requirement for “free, prior and informed consent” and to whom would that apply?

Related: Your money. Their power.

And The Budget Will Balance Itself, Man

Those tax revenues will start pouring in any day now;

Canopy Growth Corp. said it will shut down two major cannabis production facilities and lay off about 500 staff in an effort to restructure its operations to better address changing consumer demand in the Canadian pot sector.
 
The Smiths Falls, Ont.-based company said its facilities in Aldergrove and Delta, B.C. represent about three million square feet of production space and will be shuttered, resulting in the reduction of about 500 jobs. Canopy will also halt plans to build a greenhouse in Niagara-on-the-Lake, Ont., the company said.[…]
 
Canopy’s announcement comes amid a recent string of similar moves by other Canadian cannabis producers that have laid off staff in an effort to cut costs and become profitable. Last month, Aurora Cannabis Inc. announced it would lay off about 500 people, while Tilray Inc. said it would reduce its 1,450-odd workforce by about 10 per cent, and the Supreme Cannabis Co. announced plans to reduce its headcount of 700 by about 15 per cent.

Fancy that.

(h/t sfr)

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