Losing Money Is Our Business

Can we just defund this thing too? It’s broken beyond repair.

Canada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. The decline was attributed to ongoing challenges in its parcels segment, where revenue fell 5.8 per cent as volumes declined by 9.6 per cent. The report cited “a highly competitive and demanding parcel delivery market” as the key factor behind the drop.

Y2Kyoto: Shut Up, They Argued

Everything old is blue again.

This week I was invited by a colleague to try out the BSky app as an alternative to X/Twitter. They told me that it is far more welcoming for discussion about energy and climate. Sure, I thought, I’ll give it a try.

I actively posted there for a bit and learned that climate activists have created a Bsky climate “blocklist” that focuses on me and anyone who mentions me — Matt Yglesias of Slow Boring and Ted Nordhaus of The Breakthrough Institute are also on it. The blocklist prevents those on it from seeing the posts of those who join and creates a disincentive for anyone to mention those on the list, lest they get added to it. This is not a new strategy for some climate scientists and journalists.

People are free to create their social media echo chambers however they like, of course, but one detail is worth mentioning — One person promoting the block list is one of the lead scientists of the U.S. National Climate Assessment. That degree of intolerance among those selected to represent the climate science community is a problem for climate science and politics.

Indiana AG Opens “Human Labor Trafficking” Probe At Tyson

Zerohedge;

One week after our viral “Dear Border Czar: This Nonprofit Boasts A List Of 400 Companies That Employ Migrants” note revealed the Tent Partnership for Refugees, an open border aligned nonprofit, funded by a Turkish billionaire who was a mega supporter of Kamala Harris, funneled migrants into factories via a complex network of settlement agencies, staffing agencies, and other nonprofits…

… Indiana Attorney General Todd Rokita released a statement Wednseday, indicating his office has sent a civil investigative demand (CID) to Tyson Foods’ meat factory in Logansport, Indiana, seeking information about human labor trafficking.[…]

What’s very clear is that migrants did not aimlessly walk across Biden-Harris’ wide-open southern border and then find instant job placements that displaced and replaced blue-collar native-born workers. There is a massive NGO network, internationally and domestically, that channels unvetted migrants from foreign lands into US factories.

Related: HHS Secretary Xavier Becerra cannot answer why he placed unaccompanied children with sponsors whose address was a strip club.

Today In The Vote Rich Rapey-Beheader Community

Hamas Special Envoy Justin Trudeau (link fixed)

… said he would be “abide by” rulings of the International Criminal Court after it issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, even if it means arresting Netanyahu on Canadian soil.

Lindsey Graham serves notice: “Soon, I will introduce legislation that will impose sanctions on any country that cooperates with the warrants from the Hague Court. I don’t care if it’s Canada, France, Germany, or any other country. These arrest warrants are a threat to the U.S., not just Israel. We’re next in line. I am convinced that President Trump will support this.”

47: Gaetz Withdraws (bumped)

Find him a better job.

Update (from Robert): Pam Bondi has been nominated for U.S. Attorney General

LOL: “Breaking: Pam Bondi will now be accused of sexual assault by 10 men from 20 years ago”

MSNBC is melting down…

“We should all fear [her] because she’s competent.”

“She actually knows how to do this job.”

“She knows what she’s doing about immigration.”

“She is a dangerous and effective pick.”

Surprising The Investors

If an investor really wanted to become a landlord, there’s many ways to choose that route with full knowledge of where it leads. But Canada’s real estate market is now forcing that option onto some and locking up their capital until the market recovers, or so the managers are promising.

Real estate manager KingSett Capital Inc. suspended payments to investors in a large Canadian property fund, saying it needs to hoard cash as it deals with the consequences of the sector’s long slump.

The Toronto-based firm said holders of the KingSett Canadian Real Estate Income Fund won’t get any income distributions for the next year, nor will they be able to redeem their units.

The trend seems to be growing and it’s starting to sound a lot like a game of musical chairs.

The trend is most visible in Ontario, where projects like a partially completed condo development in Kitchener have been rescued by lenders. Gentai Capital and partners ELM Developments and Dorr Capital purchased the project out of receivership for $75 million last month. Gentai converted its second mortgage into a majority equity stake, injected new capital, and secured fresh financing from KingSett Capital to allow senior lenders to walk away without losses.

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