26 Replies to “April 29, 2026: Reader Tips”

  1. Wow, Koreans falling for shitty Singh Horton’s coffee and donuts? It served by the usual imported workers?

  2. https://oilprice.com/Latest-Energy-News/World-News/Brent-Oil-Prices-Top-114-as-Market-Braces-for-Prolonged-Disruption.html

    I checked the price of oil this morning (WTO up 3 1/2 % from yesterday) and thought it was a misprint. The WTO price is now $104 a barrel as I write this. Canada is alredy in a recession and things are going to get worse.

    Another thing to worry about: everyday items made out of chemicals (those made out of LNG products). My wife and I will be stocking up on garbage bags, various soaps and detergents, etc. My stock broker company published a long list of chemical plants world-wide shutting down and it’s long. There will be price hikes and bare shelves for these products. DM, retired economics professor.

    1. My question is, with the huge loss of cash flow to those countries who must use the Straights of Hormuz, either to ship out or bring in goods, could this be a reason why precious metals are selling off? These countries need the money for short term purposes until this is resolved.

      Of course that brings up another issue. If that was the reason, then I presume these countries/Central Banks will be repurchasing their PM holdings once the Iran issue is resolved.

  3. I asked AI for a list of proposals in Canada to tax “windfall” profits made by oilncompanies.

    1. NDP: an extra 15%
    2. Green party an extra 15% on profits over $1-billion.
    3. Canadians for Tax Fairness: an extra 331/2 % on profits over 120% of pre-crisis levels.
    4. Council of Canadians: a flat 75% on “excess” profits.
    5. Oxfam (a charity!): an extra 33 1/2% on first 3% return on assets; 50% on rest of return.

    Our federal government is up to its eyelids in debt, so it may get ideas. I think the next true federal budget is this coming fall, and Carney now has his majority.

      1. The ice age is comin’, the sun’s zoomin’ in
        Meltdown expected, the wheat is growin’ thin
        Engines stop runnin’, but I have no fear
        ‘Cause London is drownin’ and I live by the river

        So then … The Clash foresaw Sadiq Khan and Keir Starmer … not to mention the Numpty Tories

  5. “Iran’s shadow banking system serves as a critical financial lifeline for its armed forces, enabling activities that disrupt global trade and fuel violence across the Middle East,” said Secretary of the Treasury Scott Bessent. “Illicit funds funneled through this network support the regime’s ongoing terrorist operations, posing a direct threat.,,”
    “Financial institutions are on notice: Any institution that facilitates or engages with these networks is at risk of severe consequences.”
    ”Today’s designations expose and disrupt the Iranian regime’s mechanisms for receiving payments for oil and other commodities, thereby increasing costs and reducing revenue for the regime’s destabilizing activities, and exposes individuals involved in facilitating the regime’s abuse of the international financial system. ”
    https://home.treasury.gov/news/press-releases/sb0477

  9. I’m wondering why so many Americans are obsessed with Kimchee? … said no one ever.

    However, my Korean next door neighbor is obsessed over Kimchee … and in fact has a separate refrigerator dedicated to JUST his Kimchee supply … exactly like this bright red one …
    https://dimchaeusa.com/

    Come on, admit it … you had no idea there was such a thing as a Kimchee refrigerator. I didn’t. I thought you just let the cabbage rot on your back porch, err ferment … and then eat it. It can’t get any more rotten … can it?

        1. But both Kimchee and Sauerkraut are about the only natural sources of Vitamin K-2 that helps with calcium utilization!

        2. “The only way sauerkraut is edible (to me) is on a Reuben sandwich with stacks of pastrami and gobs of Swiss cheese on marble rye …”

          Likewise. Or sometimes on a hot dog…

          1. Yep. That too.

            OK … Nevermind … I like sauerkraut … and Japanese pickled Daikon too.

  17. As to the Korean fascination with burgers, I say: colonialism. They were occupied by the Americans for a generation. They relate to burgers the way Canadian natives relate to bannock.

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