Category: Cronies

Great Reset, Interrupted

Cronies Great Reset New Right Media The Deplorables 29 Comments

WSJ Editor-in-Chief brings bad news;

Emma Tucker told a crowd at the World Economic Forum, “I think there’s a very specific challenge for the legacy brands, like the New York Times and like the Wall Street Journal.”

She continued, “If you go back really not that long ago, as I say, we owned the news. We were the gatekeepers, and we very much owned the facts as well.”

“If it said it in the Wall Street Journal, the New York Times, then that was a fact,” Tucker further stated, adding “Nowadays, people can go to all sorts of different sources for the news and they’re much more questioning about what we’re saying.”

Doomscrolling (Rumble): The Civil War in the WEF (1hr, 20min)

Update: @PierrePoilievre I will ban all my ministers from any involvement in the World Economic Forum.

Another Zero Percent Interest Miracle!

Cronies Gradually Then Suddenly It's Probably Nothing 13 Comments

Despite the official pronouncements, the main concern of central banks is not inflation or unemployment, but rather the solvency of the banks within their purview. When a bank runs into balance sheet trouble, the go-to solution is to quietly extend more credit on easier terms. The public will be the last to know which bank received the bailout just so depositors don’t get spooked.

Y2Kyoto: Money To Burn

Cronies Y2Kyoto 6 Comments

Robert Lyman (Financial Post);

The International Energy Agency, in its reports on energy financing, breaks down global energy investment into investment in fossil fuels, on the one hand, and in “clean energy,” on the other. In 2023, estimated investment in “clean energy” will be close to $2.2 trillion (in C$). That is an almost unimaginable amount of money, made only slightly less daunting when portrayed as $6 billion per day. […]

What has been the result of these gargantuan expenditures? The effects of current investments in electrical energy infrastructure won’t be fully apparent for some time, but we should be able to see the effects of spending that has been rising for more than 20 years. To find out, I consulted the authoritative Statistical Review of World Energy 2023, published by the Energy Institute, the successor to British Petroleum as the producer of the Statistical Review. It works closely with KPMG to produce the report.

The share of the world’s primary energy consumption produced by renewable energy has essentially doubled since 2015, from about 3.5 to seven per cent of the world total. Yet, fossil fuels (oil, natural gas and coal), which accounted for 85 per cent of primary energy consumption in 2015, still accounted for 82 per cent in 2022. At that rate of reduction — three percentage points every seven years — we will not get to full decarbonization (i.e., zero use of fossil fuels) until well into the next century.

As usual, the news is buried in the opinion pages.

Related: Whoppers and moer whoppers in the WSJ

What’s The Opposite Of Diversity?

Children R Our Future Cronies 19 Comments

Imagine the following:

You’re a man who serves as Chairman of the Board of a large University who led the search for the recently hired president.

Your wife runs a non-profit in the DEI space. She is the only full-time employee of the organization, serving as Founder, CEO, and CFO. You serve as Treasurer. The non-profit ostensibly sells two principal products in the DEI space:

1. “Evidence-based ‘how-to-guides’ and
2. “The most comprehensive intersectional analytics platform of its kind…”

but the non-profit has no revenues. It relies entirely on contributions to fund its operations, which principally consist of your wife’s salary and some other ancillary overhead.

There have been only two contributors to the non-profit, the University whose board you chair, which has contributed:

2018 $100,000
2019 $300,000
2020 $150,000
2021 $600,000
2022 $789,000

More.

Khrushchev Would Be So Proud!

Cronies Great Moments In Socialism More Money Than Brains nannystate 22 Comments

During Krushchev’s reign in the Soviet Union, the state embarked on a massive residential building spree which was so ineptly carried out that Russians referred to the buildings as khrushchebys, which is a play on the Russian word for slum. Fast forward to 2023, and the Trudeau government has unveiled its own version of centrally planned housing development.

It’s not that the federal government is going to give you a house, but they will provide you with an architect at taxpayer expense to create pre-approved blueprints which they are certain you will love.

“The catalogue of pre-approved designs, is going to be tied to existing building codes — the National Building Code, which we will seek to make changes to in the future — but will also be designed to mirror the requirements of provincial building codes that are implemented across the country,” he said.

“We’re going to ensure that the pre-approved designs meet the standards to access CMHC programs so we can reduce the administrative barriers on applicants who are seeking to go through the process.”

We Don’t Need No Flaming Sparky Cars

Alternative Subsidy Cronies 29 Comments

The stupid rich people market runs dry. (sorry, forgot the link!)

As inventories of electric cars grow faster than sales, car dealers are feeling increasingly discouraged by their prospects, according to a quarterly survey from Cox Automotive, the parent company of Kelley Blue Book. A dealer sentiment index derived from the survey shows sales expectations haven’t been lower since at least 2021, when Cox first started asking about EVs. […]

“We thought we could build a million of them and sell them,” Paul LaRochelle, vice president at Sheehy Auto Stores, a chain of dealerships in the Washington D.C. area, told the Journal.

But his dealerships have a six- to 12-month supply of electric vehicles, and only a month’s worth of gasoline-powered cars and trucks.

Oh no! Canada faces declining EV interest, report shows, despite push to boost sales

Riding Mass Transit Is Like Inviting 30 Random Hitchhikers Into Your Car

Cronies Roadkill You Might Be A Liberal 25 Comments

And then the car won’t start.

Toronto’s disastrous public transit project known as the Eglinton Crosstown LRT stands as a warning to other cities across Canada to run screaming in the other direction when any politician at any level of government tries to sell you on the joys of so-called light rail transit.

Toronto’s disastrous public transit project known as the Eglinton Crosstown LRT stands as a warning to other cities across Canada to run screaming in the other direction when any politician at any level of government tries to sell you on the joys of so-called light rail transit.[…]

Greenhouse gas emissions would be drastically reduced, we were assured, as thousands of commuters would happily abandon their cars for the convenience of whisking along the designated route of the LRT, free of the city’s chronic traffic congestion and gridlock.

Reality turned out to be years of increased congestion and gridlock at major intersections as construction of the LRT divided the city in half, with those living and working south and north of Eglinton Ave. — a major east–west arterial road in Toronto — having to factor in dramatically increased travel times just to cross Eglinton.

Numerous small businesses along the route folded as the construction choked off access to their customers, combined with the additional financial burden of the pandemic.

Halt construction, park the railcars and convert the mess directly to tent city for homeless druggies and thereby skip the painful middle stage during which innocent commuters are exposed to the risks.

If Women Ran The World

Cronies Freespeechers If Women Ran The World 63 Comments

Via Instapundit;

The feminization of higher ed — and of American society as a whole — is a large topic. Here I want simply to note that the repellent jelly of moral confusion that united all three responses was saturated by that feminization. None of those women could give a direct answer to a direct question about a matter of grave moral moment. Instead, they temporized, equivocated, dodged and parried.

More: Claudine Gay first came to my attention about a month ago, when she emerged as the central figure in the Ryan Enos data fabrication scandal, as documented in these 3 articles…

Harvard is holding a board meeting today.

Update:

@realchrisrufo EXCLUSIVE: @RealChrisBrunet and I have obtained documentation demonstrating that Harvard President Claudine Gay plagiarized multiple sections of her Ph.D. thesis, violating Harvard’s policies on academic integrity.

Yes, it would appear so.

Revolutionary Slush Fund

Cronies Media Protected Class 20 Comments

Details are now emerging regarding Google’s decision to pay protection money to the federal government. In something that seems to have come straight out of Atlas Shrugged, only media outlets who are part of a “collective” can get a piece of the action.

Google agreed to provide newsrooms with up to $100 million each year, indexed to inflation, in exchange for an exemption from the law. The company will negotiate those payments through a single collective bargaining group, which will operate much like a media fund.

St-Onge said the law allows any eligible media to join the collective, which could include newspapers and broadcasters, as well as French-language and Indigenous news organizations.

I imagine that Rebel News won’t be eligible or otherwise will never get a dime, but they’re just counter-revolutionaries anyway.

Tory slush fund

Cronies Great Moments In Socialism nannystate 14 Comments

There’s only one reason why certain projects need cut-rate financing courtesy of taxpayers: they are chronic money-losers that no private investor would otherwise bother with. It’s unlikely that anyone in Ford’s cabinet considers that the previous avalanche of borrowing is precisely why we are sinking into recession in the first place, and that the fall won’t be arrested with more debt tsunamis.

Ontario is proposing to launch its own infrastructure bank — with an initial $3 billion in public funding — in order to help foot the bill for long-term care homes and transportation projects, as slowing economic growth has the province sinking deeper into the red.

The Ontario Infrastructure Bank, announced Thursday in the province’s fall economic statement, would be an arm’s-length agency enabling pension plans and other institutional investors to help fund what the province says is an infrastructure deficit.

Some good news for a change…

Cronies entitlement generation Media 19 Comments

I’m surprised that the federal government has not rushed in to bail out TVA, but in the meantime, it’s nice to see the continuing implosion of the leftist corporate media model.

The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

The Montreal-based broadcaster says the shift involves overhauling its news division, ending its in-house entertainment content production and optimizing its real estate assets — including a reconsideration of the future use of its headquarters east of downtown.

An offer he can’t refuse

Cronies entitlement generation There Goes The Narrative 10 Comments

As the strike by workers at Manitoba Public Insurance drags on, Wab Kinew is finding out that the very people that he thought were carrying water for him during the election are not as grateful as he had hoped. If he didn’t see this coming, then it’s pretty clear that the guy is already in over his head. If he’s not careful, he’ll be the next Bob Rae.

The MPI strike lasting more than two months will continue after the union representing the workers rejected an offer from the employer Monday.

MGEU members voting “overwhelmingly” to turn down the offer, according to union president Kyle Ross.

We Don’t Need No Stinking Giant Fans

Alternative Subsidy Cronies Great Reset 13 Comments

The arc of the renewable universe is long, but it bends toward bankruptcy.

Wind companies losing billions, prompting fears a federal bailout could be coming […]

Mounting financial losses in the wind industry over the last few months are taking a toll on the Biden administration’s clean energy drive. Despite the billions in subsidies that came down the pipeline in 2022 before the Inflation Reduction gave away even more money, energy experts don’t expect that the need for more money will deter the nationwide momentum to build more wind and solar farms.

Writing in his “Energy Absurdity” Substack, David Blackmon, an energy analyst with over 40 years of experience in the oil and gas industry, said that the lobbying for more renewable energy dollars is likely near.

“Everyone should prepare themselves to see an effort in Washington, DC to allocate billions more dollars to bail out Big Offshore Wind developers soon,” Blackmon wrote.

Since the Obama administration, the federal government has been pouring billions into projects to meet environmental goals, only to have the companies go bankrupt.

In 2009, the Obama administration co-signed $535 million in loans to solar panel manufacturing startup Solyndra. Two years later, the company went bankrupt, laying off 1,100 workers.

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