Category: entitlement generation

I Guess First They’ll Take Berlin, Then They Take Manhattan

So excited to be part of this new Europe.

What’s The Opposite Of Diversity?

University.

“Who Gets to Tell the Story?” That question was supposed to be the theme of a “press freedom” event this week at Columbia University, home to one of the world’s leading journalism schools. However, as first reported by the Columbia Spectator, the event was canceled after student journalists had the audacity of offering their own views on the coverage of the alleged Cornell rape case.

After the independent student newspaper The Sundial ran a column by deputy editor Nikos Mohammadi and writer Christina Ma criticizing the one-sided coverage of the allegations, the Columbia students went into a familiar groupthink, cancel mode. The students were shocked that Mohammadi and Ma took the invitation to “tell the story” literally by offering a different perspective on the still developing case.[…]

Alliance president Aum Desai has responded to the controversy with an explanation of the cancellation that is perfectly Orwellian: “We did so not in spite of, but because of our commitment to free expression.”

Rioting Surrender Monkeys

Couldn’t they just freeze their bank accounts? Oh, wait, these protesters are leftists demanding more free stuff, so outright violence is an acceptable way to get that.

Police fired tear gas to control crowds in Paris and elsewhere in France on Tuesday as more than a quarter of a million people rallied nationwide to support high school students demanding more education funding,

“Riot police, batons, rubber bullets, tear gas,” said Aurélien Le Coq, a lawmaker with the far-left France Unbowed party. Its presidential candidate is strongly backing the protests. The violence is “absolutely unbearable,” Le Coq said.

 

This Is A Stickup!

Translation: We want a bigger bribe.

“Sometimes when that happens you’re going to hit the ground, and that ground is our First Nations. Because regardless of any legislative changes, regardless of their processes, we still have our rights — they’re still intact,” Mercredi said.

“What they’re doing is weakening their own processes to develop the resources, which does not work in their favour if a (legal) challenge comes from a nation. They can still hold the key. That’s what people have to remember.”

Jumping Off The Fiscal Cliff

As bond yields continue their quick march upwards, inquiring minds want to know how a fiat currency regime plans to square the circle of exponentially rising debt and exponentially rising debt service costs.

In a much worse scenario, the next steps would need action by ⁠the Federal Reserve. One would be buying long-term bonds on a large scale, similar to the 1961 Operation Twist. The other would be putting an outright cap on long-term yields, which the US has not done since World War Two.

Ultimately, the only way to fix the debt problem is ​by cutting spending, said Veronique de Rugy, senior research fellow at the Mercatus Center at George ​Mason University. “Congress needs to do a fiscal adjustment. Austerity, in other words. The Fed can’t do it alone.”

But we all know that John Q. Voter will pummel any politician who threatens to limit his access to free stuff.

Protection Money

Back in the day when I ran for provincial and federal office a few times, the buzzword when dealing with aboriginals was “self-government”. Naturally, no one could define what that meant; you were just supposed to agree with it. Same goes today for “reconciliation”. If you can get to the end of the article without feeling physically ill, I congratulate you.

Littlechild said that while Carney has been focused on securing overseas investments, he’s ignoring the rights of Indigenous Peoples at home and sidelining their traditional economies by fast-tracking legislation that would allow for quicker project approvals and environmental reviews.

The “carrot” approach can be seen in how Carney’s cabinet is encouraging First Nations to back the Trans Mountain pipeline through a low-cost loan and a $2.5 million payment for willing investors that some are comparing to a bribe.

The Masochistic Economy

Economies with fiat currencies will always have a tough time handling higher interest rates, given the exponential growth in debt that necessarily goes along with fiat. The insatiable demand from low IQ voters for more free stuff doesn’t help either. Nonetheless, it looks like we’re in for more rate hikes in the near future. Hold onto your hats, folks.

“Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said in a speech in Chicago. “Inflation is above our 2% target and not clearly trending toward target in a timely way. Moreover, risks to achieving our inflation target have increased, while risks to the labor market have receded.”

To make matters worse, we now have a seven percent solution for the US housing market.

Sorry, But I’m Turning My Brain Off Now

The answer to this question is obvious to any sane person, but then again you have to look at who we’re dealing with here.

The federal government’s hate speech legislation “hadn’t done the legislative analysis” on whether residential school denialism should be considered as such, Crown-Indigenous Relations Minister Rebecca Alty said on Thursday.

Circling The Drain, Literally

There’s a simple solution for alleged funding problems for sewer and water networks: have the user pay, just like they do for internet. If usage fees cover repairs as well as future upgrades and expansion, bottlenecks won’t occur. Municipal governments, on the other hand, prefer to wait for “others”, namely provincial and federal taxpayers, to pony up for things they don’t want to charge local voters for.

She said municipalities largely rely on property taxes and user fees for revenue, which account for roughly one-tenth of total government revenues in Canada despite them being responsible for a majority of core local infrastructure.

“We know what we need to do,” she said. “The concern is we don’t have the fiscal capacity to do it at the speed and scale that housing targets require.”

Empty Piggy Banks

Here’s something these folks need to ponder: over 40 years of falling interest rates, often hovering near zero, have made defined benefit pension plans nearly impossible to maintain. The go-to “solution” is to get that magical entity known as “others” to make up any shortfall. But those “others” are growing tired of handing over their capital to be consumed.

Fed into the performance-based formula, those figures have meant former Queen’s employee Gordon Crawley has received no increases since he retired in November 2021. Meanwhile, the consumer price index (CPI) has risen by more than 16 per cent over that time frame, according to Bank of Canada data.

He says it’s been difficult, especially knowing he won’t get any additional payments to top up his pension and help deal with inflation until the fund’s returns have made up for lost ground.

What’s The Opposite Of Diversity?

Overdue.

Circling The Drain

Two notable takeaways from Newfoundland’s recent budget: this is a record breaking deficit figure from an allegedly conservative government, and health care now eats up nearly half of all spending. We’ll be well on the way to two thirds before long and that will be the case for every province.

The budget forecasts a deficit of $688.5 million and a $20.8 billion net debt by the end of the 2026-27 fiscal year.

The province will spend $5.4 billion on health care — 42 per cent of its entire expenses — including more than $47 million to create 200 new long-term care beds.

Child’s Play

There’s a simple option for people alarmed about the high cost of raising kids: don’t have any. But if you have enough political sway, maybe you can coerce that magical entity known as “others” to shoulder the burden for you. To be fair, California is really just following Canada’s lead on this matter.

The number of 4-year-olds attending state-funded preschools reached record highs last school year, driven by states embracing universal access and an unprecedented $14.4 billion in spending.

More than half the nation’s public preschool enrollment gain — some 25,000 students — came in California, which this year made every 4-year-old eligible for its “ transitional kindergarten ” program, or “TK.”

“Transitional kindergarten”? I wonder who came up with that title.

$100 Million For Indian Students

Daily Hive;

Some international students could be eligible for up to $100 million in scholarships from the University of Toronto, the Canadian government announced on Monday.

Prime Minister Mark Carney met with India’s Prime Minister Narendra Modi over the weekend, securing an “ambitious new partnership” with the country that focuses on energy, talent and technology.

“India is the fastest-growing major economy and a powerhouse of global commerce and technology. In a rapidly changing world, Canada and India are transforming their economies to be more diversified, more independent, and more resilient,” said Carney in a statement.

…and C3 for their grandmas.

So, yes – he’s done the math: In a recent interview with CBC News, [India’s High Commissioner to Canada, Dinesh K. Patnaik] suggested that because of our “complementary economies,” Canada should be eager to welcome an additional 60 million Indians.

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