Author: Kate

Diversity Is Our Strength

So strong, it’s our newest sacred cow.

The benchmark price for a Canadian home has more than doubled over the past decade, reaching $760,600 (US$572,470) in June. Trudeau’s government, which took power in 2015, has also steadily raised its annual immigration targets, with more than one million people arriving last year, straining an already tight housing supply.

Poilievre has hammered Trudeau on the issue, focusing on the anger of younger generations. Canada’s housing affordability is among the worst in the world, he told reporters Tuesday outside the Parliament building in Ottawa.

“Rent has doubled,” he said. “Mortgage payments, doubled. Needed down payments, doubled. All after eight years of Justin Trudeau.”

To be sure, skyrocketing housing costs have many causes beyond Trudeau’s control. Provinces and cities — responsible for land-use planning, zoning and permitting — bear some of the blame, as do real estate investors, foreign buyers, years of rock-bottom interest rates and other factors.

Still, Canada’s ambitious immigration targets have outpaced home building, aggravating the imbalance between demand and supply. In the 12 months to March, 4 to 5 international migrants arrived in Canada for every newly started unit of housing construction. That’s the highest ratio of new Canadians to new homes on record in data going back to 1977.

Poilievre, however, repeatedly sidestepped reporters’ questions on Tuesday about whether he would reduce immigration targets.

And we already serve a herd of them.

Slowly, Then Suddenly

Fitch downgrades USA long-term credit rating to AA+ from AAA

The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years

• Cites repeated debt limit standoffs and last-minute resolutions
• In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years
• We expect the general government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022
• Fitch forecasts a GG deficit of 6.6% of GDP in 2024 and a further widening to 6.9% of GDP in 2025
• The interest-to-revenue ratio is expected to reach 10% by 2025 (compared to 2.8% for the ‘AA’ median and 1% for the ‘AAA’ median)

This is huge and follows S&P downgrading the USA on August 5, 2011. The last episode sparked a major risk-off turn (and even got its own wikipedia page) and this one is likely to do the same, if not worse because now two-out-of-three of the US credit rating agencies have the US at sub-AAA.

Woman running world: Yellen “strongly disagrees” with Fitch’s decision

Fruiti Kaputi

NY Post;

Vegan influencer Zhanna Samsonova has allegedly “died of starvation” after subsisting exclusively on a diet of exotic fruit in Malaysia, according to her friends and family.

She was 39.

The Russian national — who frequently promoted raw foods on social media where she was known to her millions of viewers on TikTok, Facebook, and Instagram as Zhanna D’Art — reportedly died July 21 after finally seeking medical treatment during a tour in Southeast Asia, according to local media outlet reports.

“A few months ago, in Sri Lanka, she already looked exhausted, with swollen legs oozing lymph,” one unidentified friend told Newsflash. “They sent her home to seek treatment. However, she ran away again. When I saw her in Phuket, I was horrified.”

When The FBI Does It, That Means That It’s Not Illegal

Via Instapundit;

“Earlier this year, the New York Times reported that an unknown federal agency had breached official White House policy and used secretive methods to conduct a business deal with the NSO Group, a blacklisted spyware vendor known for selling powerful surveillance tools. The agency in question not only brazenly disobeyed the government’s official policy, but had also used a front company to facilitate the deal, suggesting that it knew what was happening was not exactly kosher. After the Times’ story was published, the FBI was ordered by the Biden administration to investigate. Now, several months later, the bureau’s investigation is complete, and it turns out that the agency that disobeyed the White House and purchased the creepy NSO tool was…the FBI.”

We Don’t Need No Flaming Sparky Cars

“It’s dead, Jim”.

Running out of battery is as easy as running out of gas. The trick here would be to run out in a safe location. We planned to keep driving until the truck stopped moving, but we didn’t know exactly where that would be. Like gas-powered cars, some EVs have a little extra emergency range left after the gauge reaches zero.

That in mind, we struck out for the Santa Clarita River Valley north of Los Angeles, an agricultural community with only a pair of slow Level 2 wall chargers available for EV drivers and no Level 3 DC Fast chargers for 25 miles in any direction. Once we’d worn out the battery, we’d call Rivian Roadside Assistance and see what happened. Where would they tow us? How much would it cost? How long would it take to charge up enough to get home? We were going to find out.

I Want A New Country

Stop whining, start doing.

Jason Nixon, now back in the inner circle of the UCP government led by Premier Danielle Smith, says many of those he represents in the legislature, those around the Sundre, Rocky Mountain House and Rimbey area, feel abused by Prime Minister Justin Trudeau.

His attacks on Alberta, his attacks on the oilpatch. They are well past fed up.

Nixon doesn’t hold back, slamming Trudeau for treating different parts of the country differently.

“The biggest threat to Confederation isn’t Albertans. We’re patriotic Canadians. It’s Justin Trudeau. He is the threat to Confederation. He wants to break it up. He is a threat to Canada, not Alberta,” says Nixon [..]

We do know after Smith’s latest meeting with Trudeau, where he wouldn’t budge on his impossible oilpatch emission targets for the next seven years or a net-zero electricity grid in a dozen years, the Alberta premier did say the province’s sovereignty act could be triggered if Ottawa doesn’t compromise and show some sense of reality.

The sovereignty act, where Alberta would just not follow Trudeau’s orders.

If the premier defies Ottawa in the name of Alberta, Nixon is confident there would be widespread support for “any actions it will take to defend our province from a hostile prime minister and a hostile federal government.”

“The premier’s job, and she knows it and I completely support her, is to defend Albertans and not try to appease elites in eastern Canada,” says Nixon.

“That’s not her job. Her job is to defend Albertans and that’s what she’s going to do.”

Trudeau is importing hundreds of thousands of immigrant voters for a reason, Mr. Nixon.

We Don’t Need No Flaming Rings Of Fire

Two people were injured Monday morning, one of them seriously, when an e-bike burst into flames in a Bronx apartment building, the FDNY said.

The e-bike caught fire just before 6 a.m. in the basement of 768 E. 187th St., a four-story building in Belmont.

Twelve FDNY units and 60 firefighters responded to the fire and were able to bring it under control around 6:30 a.m.

One civilian was rushed to St. Barnabas Hospital in serious condition but is expected to survive.

Y2Kyoto: Hunga Tonga-Hunga Ha’apai

Thomas Lifson;

The current heat wave is being relentlessly blamed on increasing levels of carbon dioxide in the atmosphere, but there is a much more plausible explanation, one that is virtually endorsed by two of the world’s leading scientific organizations. It turns out that levels of water vapor in the atmosphere have dramatically increased over the last year-and-a-half, and water vapor is well recognized as a greenhouse gas, whose heightened presence leads to higher temperatures, a mechanism that dwarfs any effect CO2 may have.

So, why has atmospheric water vapor increased so dramatically? Because of a historic, gigantic volcanic eruption last year that I – probably along with you — had never heard of. The mass media ignored it because it took place 490 feet underwater in the South Pacific. Don’t take it from me, take it from NASA …

h/t Robert L

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