Category: entitlement generation

Empty Piggy Banks

entitlement generation Gradually Then Suddenly It's Probably Nothing 14 Comments

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?

Children R Our Future entitlement generation Gradually Then Suddenly 16 Comments

Overdue.

Circling The Drain

entitlement generation Gradually Then Suddenly Great Moments In Socialism It's Probably Nothing 16 Comments

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

Children R Our Future entitlement generation nannystate 9 Comments

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

Children R Our Future entitlement generation More Pavilions At Folkfest New Governor 46 Comments

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.

Fire Them All

entitlement generation Gradually Then Suddenly nannystate Protected Class 12 Comments

Here’s hoping that Javier Milei’s labor market reforms continue to gain traction. Notice how the news item is framed in such a way as to draw no connection between the undeserved power of Peronist labor unions and “frequent economic shocks”.

The bill, which grants employers greater flexibility in matters of hiring, firing, severance and collective bargaining, has drawn fierce opposition from labor unions and their Peronist allies, who argue it would roll back measures that protect workers from abuse and Argentina’s notoriously frequent economic shocks.

Taxes For Detox

entitlement generation nannystate 38 Comments

It’s one thing to admit that BC’s approach to hard drugs has failed, but it’s another to offer up taxpayer funded treatment programs for every addict for as long as it takes as the alternative. I’m pretty sure that Elenore Sturko’s not planning to fund any of that on her own.

“If someone voluntarily wants to get help, I am your biggest champion,” she counters. “I want you to walk into any door and to be able to say, ‘I want detox today, and I need to go to treatment, and I’d like lifelong support and counselling if I need it, and a nice place to live that’s drug-free and safe for me.’

No Retirement For You!

Children R Our Future entitlement generation Gradually Then Suddenly It's Probably Nothing 10 Comments

While most of these youngsters can see a problem, my guess is that only about ten percent of them can understand why it exists: it’s the inevitable outcome of an exponentially rising debt burden colliding with demographics.

A report by BMO published on Monday showed 73 per cent of millennials surveyed believe retirement planning will be more difficult than it was for their parents, followed by generation X at 67 per cent, generation Z at 61 per cent and boomers at 60 per cent.

The Children Are Our Future

Children R Our Future entitlement generation 48 Comments

And that’s why they’re building a new state-of-the-art bunker under the new White House ballroom.

As Gen Z ditch books at record levels, students are arriving to classrooms unable to complete assigned reading on par with previous expectations. It’s leaving colleges no choice but to lower their expectations.

One shocked professor has described young adults showing up to class, unable to read a single sentence.
“It’s not even an inability to critically think,” Jessica Hooten Wilson, a professor of great books and humanities at Pepperdine University told Fortune. “It’s an inability to read sentences.” […]

With students struggling, academics have been forced to adapt—a move critics describe as “coddling.”

For her part, Wilson has turned to reading passages aloud together, discussing them line by line, or repeatedly returning to a single poem or text over the course of a semester—in part so students can begin to develop the skills to read critically on their own and be prepared for their post-graduate career.

Bad Advice

Canada’s Bolsheviks entitlement generation Gradually Then Suddenly 6 Comments

Who knew that Canada’s problems are the result of not paying people enough not to work?

At the heart of the issue, he said, is Canada’s eroded social safety net, particularly employment insurance (EI), which, along with other social programs, isn’t keeping up with today’s economy.

EI benefits have mostly stayed the same in value and replace roughly 55 per cent of a person’s wages. The benefits are higher than in the United States, but they lag far behind European countries such as Denmark, where they replace 90 per cent of a person’s wages, the Netherlands (70 per cent) and Sweden (80 per cent).

The Numbers Game

Canada’s Bolsheviks entitlement generation Gradually Then Suddenly It's Probably Nothing 13 Comments

It’s pretty hard to believe that a deficit could be literally twice what you estimated in the space of a few months, but Wab’s got one thing one his side: average John Q. Manitoba voter probably couldn’t care less. They just want the free stuff to keep coming.

The Manitoba government’s deficit for the current fiscal year is expected to reach $1.6 billion, more than double the $794 million estimated in the spring budget, the province’s second-quarter report released Monday showed.

National Disunity

Canada’s Bolsheviks Chief Big Screen TV entitlement generation We Are All Treaty People 36 Comments

While some aboriginal communities welcome the prospect of roads and mines in the so-called Ring of Fire zone in Ontario, some clearly don’t. They prefer to live in a “pristine” wilderness that for some reason is not pristine enough to provide clean drinking water for thirty years.

The province has released a Ring of Fire ad that uses Ford’s slogan from the 2025 election: “Protect Ontario” and makes a sales pitch on development. “What about protect Neskantaga?” Marcus Moonias says. “I’m so mad about it.”

“I almost threw my television at the wall,” he says about the commercial.

Bigger dreams are starting to enter Mamakwa’s mind. He thinks one day a First Nation political party could hold the balance of power in Ottawa, like a Bloc Québécois of the north.

Money For Nothing

Children R Our Future entitlement generation 3 Comments

If college athletic broadcast deals are undeniably a win/win proposition, why doesn’t tuition fall accordingly? Likely because revenue from them isn’t used to offset tuition, but rather gets funneled into a college spending spree. These outfits are so much like government you barely notice the difference.

The Fed’s spigot of easy money and credit have fueled the conditions for financialization that contributed to the astronomical revenue increases witnessed in sports programming. The low interest environment paralleling the rapid increase in coaching salaries allowed companies such as Disney to significantly increase its debt to capture a coveted monopoly on SEC programming. Further, the demand for a piece of the college athletic pie, coupled with athletic department necessity to finance their competitive arms race, have led to investment firms seeking direct deals with American universities.

 

Union Mentality

Canada’s Bolsheviks entitlement generation nannystate 20 Comments

The last time I checked, the NFU was down to a handful of members and were being led by “farmers” so far outside the mainstream that they hardly qualified as such. I don’t know what’s worse: that these clowns are demanding a form of UBI for farmers, or that a mainstream media outlet reports on it so uncritically.

Farmers want Ottawa to set up a 10-year pilot project that would ensure they receive an annual income of at least $50,000, a rate that would rise by inflation every year.

David Thompson, executive director of the union, says a guaranteed income would help stabilize farmers’ incomes, which are often unstable.

Now they’re channeling Zoran Mamdani and this nonsense gets breathlessly regurgitated by the same bunch of toadies.

One resolution calls for the union to lobby the federal government to introduce legislation that would put a cap on the profits of major grocery chains that control the lion’s share of the market.

Another resolution calls on union to create a national coalition pressing the federal government to purchase food directly from farmers to be sold at cost in a “network of national/provincial/municipal public grocery stores.”

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation