Category: Great Moments In Socialism

Fever Pitching

Given what I know about the Canadian political classes, I didn’t expect any of them to call out Blubber Dougie on his renewed advocacy of economic suicide for Canada. But who put duct tape over the mouths of our captains of industry? Any miner that shut off legally contracted mineral exports to the US would be successfully sued in a matter of hours and go bankrupt within days.

“He underestimates Canada. We’re all in,” Ford said. “Up here, we’re at a fever pitch, everyone’s in for an economic war. They know they’re going to have to sacrifice.”

Ford said “everything is on the table” if the dispute worsens, including cutting off electricity and critical minerals from Ontario. He also called for Canada to consider using oil and potash as leverage.

“I’ll cut them off,” Ford said of critical minerals. “You won’t get a grain of sand out of Ontario.”

 

Economic Seppuku

Here’s a suggestion for the government of Japan: maybe, just maybe, dial back the borrowing and spending spree and the bond markets might not be so jittery.

Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi’s ambitious spending agenda hostage to forces she can’t control.

The global bond selloff has found its epicentre ​in Japan with the benchmark 10-year yield on the brink of hitting 3% for the first time since the mid-1990s, as investors grow increasingly nervous about the country’s towering debt pile and inflation risks stemming from the Middle East war.

If Wishes Were Horses…

As of yesterday social media has been chock full of posts from Carney’s water carriers desperately trying to rationalize a defeat into victory. Good luck with that. All that remains now is to declare than any trade deal is a good deal so that the remaining provinces can safely lift the ban on American booze while hoping that no one remembers their idiocy.

“If I were leading the country, I’d fight. I think we should fight this guy,” he told the station.

Kinew said Manitoba still has to see some details, but if the booze goes back on shelves, his government reserves the right to pull it back off again if U.S. President Donald Trump changes terms.

 

Canadian Exceptionalism

Looks like most Canadian positively thirst for economic suicide. Given the results of the last election, I’m not shocked.

Three in four respondents supported the idea of a special tax on electricity sold to the United States. Almost as many — 70 per cent — supported a special tax on all oil and natural gas exports to the United States and 63 per cent want a tax on potash exports.

The poll shows 64 per cent of respondents support banning the sale of all U.S. liquor in Canada…

 

Missing The Big Picture

Here’s an idea: tell water and sewer utilities to levy sufficient charges to cover the cost of capital improvements and replacement of infrastructure. Then the federal and provincial governments can put their money into real infrastructure projects such as twinning the trans-Canada highway in northern Ontario and BC. We ought to be ashamed of the fact that Mexico has more sensible highway systems than we do.

Ontario and Ottawa are announcing up to $1 billion to help municipalities in the province build infrastructure for more homes.

The money will go to municipalities that do not collect development charges for things like roads, bridges and water systems.

And In Heaving Bosom News

On written apologies for being competent and white; on the Greens in power; and a busty scholar announces a new position:

Ms Benoit’s insights, aired via Instagram, include a revelation that SpongeBob Squarepants is also asexual. Which may hint at the dizzying levels of scholarship to be anticipated. And I have to say, Visiting Research Fellows aren’t generally so keen to show off their bras in their social media avatars, or to foreground their breasts in every single photo.

All this and more.

When They Won’t Keep On Saying Just How Special You Are

On “non-binary” motherhood and other complications of the modern narcissist:

“Everything came to a head after I became a mother,” says she. Well, pretensions of themness, the craving to seem special – perhaps more special than one is – would, I suppose become harder to sustain. Given the arrival of someone more important, someone whose needs tend to come first.

You see, she’s a mother, but not a woman. And how dare you not know that.

I, For One, Welcome Our New Self-Driving Overlords

@JafarNajafov;

Anthropic just got caught secretly downgrading users without telling them, charging full price for a lesser product, and storing every prompt for 30 days. The developer community is calling it the biggest violation of trust in AI history.

Related: So Anthropic scraped the entire internet to train Claude, yet somehow completely omitted the parts where the CEO’s wife ran a porn startup, married a man over 40 years older and pitched her app to Jeffrey Epstein. Peak AI alignment right there.

Le Syndrome De Stockholm

As a Manitoban, sometimes I console myself with the knowledge that at least I don’t live in Quebec. Over there, the party that champions the cause of government inspectors telling you how to spell hamburger is trying to assure Anglophones that there’s really nothing to worry about if you vote for them.

“Underneath that pledge is also the fact the anglos don’t fear the PQ any more since anglos and francos share the same realities and concerns. Public discourse has too often encouraged the mistaken belief that the concerns of French-speaking and English-speaking Quebecers are fundamentally at odds.

The Uniparty State

I’ve noticed that political party lines are becoming increasingly blurred these days, and not just in Canada. Are we getting to the point where we don’t have many real choices any more, or is that just the way it’s always been?

Under socialism, government owns the means of production, which the U.S. government increasingly wants to do. In June, through $750 million in investments, it took minority equity stakes in two semiconductor companies. In July, through up to $874 million in additional funding, it took minority equity stakes in six more and increased its ownership of a seventh. The Cato Institute counts 30 companies in the federal government’s expanded corporate portfolio. “Republicans warning that communists are taking over the Democratic Party might first ask why their own administration is so eager to have the government acquire pieces of private companies,” Cato analyst Tad DeHaven suggested.

 

Unintended Consequences?

Can someone make this make sense? With the Carney government having raised tariffs on imported steel, some Western Canadian users of steel now find that they’re uncompetitive. Rather than instantly resolve the problem by dropping the tariffs, taxpayers will instead be forced to cover half the shipping costs of steel orders from mills in the east.

Under a new Commodities Sectoral Support Program announced on Monday, steel shippers can apply for a rebate that will offset 50 per cent of the costs to ship domestic steel by rail or marine transport across provinces and territories.

“There’s no rebar business in B.C. that’s flourishing right now,” Michaud said. “Everybody is doing the work, just at a massively reduced profit margin. Shipping it from the East is just not very good financially.”

Today In The Vote Rich Rapey-Beheader Community

When they tell you what you are, believe them.

Awash With Idiocy

Faced with widespread backpedaling on the most useless aspects of  the climate science cult, hacks like Gwynne Dyer just double down: since we can’t jettison fossil fuels fast enough, let’s just embark on an attempt to do nothing less than geoengineer the weather as if the earth were connected to a house thermostat. What could possibly go wrong?

Cutting our carbon dioxide and methane emissions, while it is still vital, cannot act fast enough….

What can act fast enough is Solar Radiation Management (SRM for short). That includes any technique that reflects some incoming sunlight back into space and cools the planet, but the most promising one involves putting some reflective substance into the stratosphere.

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