This will go great with a bowl full of bugs first thing in the morning.
Psy.org- Scientists release the recipe for lab-grown coffee to accelerate creation of new coffee ecosystem
I’m Not Eating Bugs
Sun- Is Bill C-293 Canada’s ‘Vegan Act’?
Under this bill, public health officials could have the authority to close facilities they consider “high risk,” such as meatpacking plants, during pandemics and even “mandate” the consumption of vegetable proteins by Canadians — measures that border on the absurd. It’s hardly surprising that the private member who introduced Bill C-293 is Liberal MP Nathaniel Erskine-Smith, who is known for his vegan lifestyle.
More Dead Dinosaurs
Another one bites the dust. Most SDA readers won’t be shocked.
Half the staff at a news-talk radio station’s newsroom in Kamloops were fired Tuesday.
Around 11 a.m., what was supposed to be the syndicated Mike Smyth Show was replaced with classic rock. The station was broadcasting brief The Canadian Press news updates.
Is The Spending Spree Over?
If the decline in Fedex’s earnings is not an indication that the marginal consumer is tapped out, I don’t know what is.
…Fedex stock tumbled as much as 11% after hours when it cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
The company said that Q1 results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth. In addition, higher operating expenses and one fewer operating day negatively affected the quarter’s results.
Hat tip: Neil
You Will Eat Bugs, Live In A Pod, Own Nothing And You Will Like It
I Will Not Eat Crickets – A book review by Rick McGinnis.
There are many recent books that share the same targets as Díaz without his satirical tone, but you have to understand up front that his target—globalism—has had a sea change in its definition and its opponents in the last generation. Back when free trade was an article of conservative political faith, the globalist worldview was embraced by people who wanted to lower costs, broaden supply chains, and – as they sold it in a best-case scenario – export economic prosperity from first to third worlds as they offshored labour.
Like most ideal scenarios, it didn’t quite work out as planned.
Economic Headwinds
So much for “normalizing” interest rates. When even the mainstream financial media is picking up on the idea that interest rates are not only going to fall, but fall quickly, you just know that a recession is baked in the cake.
Billionaire John Paulson said the Federal Reserve has waited too long to cut interest rates and expects the central bank to lower them in the months ahead.
By the end of next year, “my best guesstimate would be around 3%, perhaps 2.5%” for the federal funds rate, Paulson, 68, said in an interview on Bloomberg Television.
Gradually, Then Suddenly
(Click for more.)
The Assault On Speech Goes Global
Walter Kirn and [Matt Taibbi] discuss the detention of Telegram founder Pavel Durov and raids of figures like Dimitri Simes, which has leaders of independent platforms in a panic
Y2Kyoto: State Of Anorexia Envirosa
In its monthly update on energy trends, Statistics Canada reported this week that this year, for the first time ever, Canada has become a net importer of electricity. The switchover in our electricity trade balance reveals the shortcomings of an energy strategy that now emphasizes decarbonization over energy security, leaving customers vulnerable to supply shortfalls and higher prices.
“Sales have been weaker than it expected”
Telegraph- Heat pumps could bring the German economy to its knees
Governments keep making the same mistake, of backing ‘winners’ long before they’ve proven themselves in the market
The Decline And Fall Of The American Empire
Why would the head of the Department Homeland Security want to destroy the United States? (Full interview here.)
The Recession Is Knocking
Monetary system analyst Rafi Farber makes a pretty convincing case that a recession is imminent, based on some recent action in the banking system and also by looking at the inverted yield curve (short term interest rates above longer term rates). In a nutshell, the recession occurs not when the yield curve inverts, but after it un-inverts and goes back to its normal upward slope. We’ll know if he’s right or not within a few months. Interestingly, he doesn’t see us bouncing back from this downturn.
“…we had an inverted yield curve until… June 2007… and from there it uninverted fully and we were in a recession by January 2008… 6 months…now we’re about to cross the threshold here again we’re at… four basis points below 0.04% means we could cross into positive territory any day….we’ve been negative since June 2022 right that for over a year now which is the longest we had a negative yield curve ever… we have a few months before this fully un inverts and we are back into the final recession of this monetary system…”
Never Let A Serious Crisis Go To Waste
Off-Guardian- UK Riots: The agenda becomes clear…
Whatever the truth of this latest incident, and whatever long term aims it might be used to further, this “strategy of tension” has an immediate political agenda already becoming clear – and it’s as predictable as ever.
Attacking free speech is the ever-present, eternal agenda that comes before everything else and it’s been a real pile-on the last few days.
You cannot begin to fathom how irritating it is to the ruling class that ordinary people are allowed to just say whatever they want whenever they want – including having the audacity to fact check the media in real time, with no repercussions at all.
Central Planners, Planning
It’s not just Winnipeg.
Sun- Winnipeg must let the people decide on Plan20-50
Winnipeg city planners spoke glowingly in favour of the 30-year plan, which was the first red flag.
The WMR wants to mandate cramming almost 400 people per acre in Winnipeg, while heavily restricting gas-fueled vehicles and imposing land-density rules that may threaten the rights of property owners.
What’s that mean? Kiss your car goodbye. The bureaucrats will also tell you how big your yard can be, how many multi-family homes must be in every new housing development, and outside of the city, if you can dig a well.
And there are other rural concerns with the WMR scheme.
No Retirement For You!
Not to worry. When mark to market won’t give you the results you want, just mark to book value. If need be, fill the balance sheet with made up numbers. That’s sure to safeguard your retirement savings.
Canada’s large pensions are facing rising losses from real estate investments, according to a sector report by Fitch Ratings Inc., which concluded that fund titans are nevertheless well-positioned to absorb near-term market swings.
The ratings agency said it has not seen widespread private credit losses, though defaults are likely to tick up for the remainder of this year and into 2025 given higher debt service burdens for underlying borrowers and slowing growth.
We Don’t Need No Frozen Sparky Sleds
Juxtapose!
Government of Canada, July 2021;
The Government of Quebec confirms a $30-million loan for Taiga Motors, while the Government of Canada plans to grant a loan of up to $10 million to the business. These financial contributions will support Taiga Motors’ project to industrialize the manufacture of personal watercraft, snowmobiles, electric motorization systems and battery packs. This initiative valued at $125.17 million will lead to the creation, by the end of 2023, of at least 370 well-paying jobs in Montréal and Shawinigan.
Taiga Motors Corp. says it has obtained an interim court order for creditor protection as well as one authorizing the company to launch a formal sale and investment solicitation process.
The Montreal-based electric snowmobile maker also says it has secured a line of credit from Export Development Canada — already a creditor — for up to $4.4 million.
The company says the money will be used to finance it and its subsidiaries’ capital requirements for restructuring under the Companies’ Creditors Arrangement Act.
The company says it expects it will be placed under delisting review on the Toronto Stock Exchange.
Your House Is Too Big
Anti-Taxxer- I watched this entire 34 minute video so you didn’t have to. It starts with the usual land acknowledgment blah blah blah and is rather boring. There is a lot of newspeak which confuses home equity with housing equity. But at the 19 minute mark Justin Trudeau drops this bomb.
Mayor Jyoti Gondek” Is Not A Character In A Tim Burton Movie
The buzz phrase “Calgary is a big city on a small river” is contained in the council briefing document along with the case for implementing mandatory restrictions. But is there a compelling case to compel water usage? Let’s look at the arguments.
“Mayor Jyoti Gondek” Is Not A Character In A Tim Burton Movie
But it should be.
I won’t spoil the ending: When a plane goes down they look at the plane’s maintenance schedule. Sounds reasonable to look at the busted pipe’s maintenance schedule.
Pity Me; I’m a Narcissist
Debbie Dingell’s well rehearsed statement about Anthony Fauci, describing him as such a good man who just wants to help people, lead up to her question about the “credible death threats” Fauci and his family received, was a sad attempt to martyr Fauci in a way most narcissists only dream about.
If you get a chance, pick up a copy of The Real Anthony Fauci, if you haven’t already.