Category: More Money Than Brains

We Don’t Need No Flaming Sparky Cars

The world is has run out of stupid rich people.

Beyond design, Ferrari’s battery-powered, four-door, five-seat Luce has another problem: its price tag – a staggering 550,000 euros, or about $638,660. If Ferrari expects that to open the brand to a younger, broader customer base, management certainly has a different view of the world – one that isn’t grounded in reality.

For starters, Tesla’s Model S Plaid costs only a fraction as much and, on key performance metrics, appears to outperform the Luce. The Model S also comes with Full Self-Driving, a feature we are fairly certain Ferrari’s first EV lacks.

By the end of last week, Ferrari CEO Benedetto Vigna appeared to be on damage-control duty after shares dropped in response to negative investor reaction to the Luce’s design and performance specifications.

And: <em>Let’s not forget that Ferrari hybrids are depreciating faster than their petrol-powered counterparts. </em>

Things You’ll Never See On The CBC

That’s my prediction.

Worried about the impact on the news brand, CBC is pausing production of a “satirical” show that appears to have been attacking conservatives and Canadian institutions. Called Northland Tales, the show is being co-produced by CBC and APTN, though a statement from CBC went to great lengths to stress that it was CBC Entertainment and not CBC News behind the production.

After controversy erupted online about the production using fake names and false pretenses to get people, including retired Mounties, to agree to interviews, CBC has confirmed it is hitting pause while also defending this style of production.

More: RCMP Explodes on CBC as Prank Backfires!

What Would We Do Without Building Permits?

• C$800k-$2.2m
• 212 units
• 32 stories
• 2 elevators
• no garbage chute

 

It’s Toronto, I’m sure they’ll manage.

 

 
According to Grok: For a major condo development in Toronto, the average permitting/approval process typically takes around 20–25 months from formal building/planning application submission to receiving key approvals (such as zoning changes, site plan control, and related decisions).

Left Coast, Lost Cause

Also: The B.C. Hotel Association says FIFA organizers have cancelled between 70 and 80 per cent of the hotel rooms they booked in the 16 cities hosting World Cup games. In Vancouver alone, about 15,000 nightly room bookings have been cancelled. As the CBC’s Janella Hamilton reports, while Vancouver’s mayor said the World Cup would be a huge payout for the city, some tour operators are skeptical.

Slush Funds For All

Well, slush money for Montreal at least. It’s anyone’s guess why a port currently at 72% capacity really needs to expand, but we can dream, can’t we?

Nathalie Pilon, the chair of the Port of Montreal’s board of directors, said the expansion is needed, despite a recent decline in overall cargo traffic she attributed in part to U.S. tariffs. She said the port is at around 72 per cent capacity now, and that problems arise when 85 per cent is attained.

You’d think that having a four lane highway across the country might be a priority too, but roads to the Arctic seem to be the all the rage now. Mexico’s got a better road network than Canada at this juncture.

The prime minister said construction on another project, the Mackenzie Valley Highway in the Northwest Territories, would begin this summer

Himalayan High

Yikes.

A sweeping investigation by Nepali police has sent shockwaves through the global mountaineering community, revealing allegations that some Mount Everest guides may have deliberately drugged foreign climbers to trigger costly emergency evacuations. Authorities claim the scheme, valued at approximately $20 million, was designed to exploit travel and rescue insurance systems, with helicopter evacuations used as the primary mechanism for fraudulent claims.

According to officials, 32 individuals have been charged and 11 arrests have been made so far, including operators of mountain rescue companies. The scale of the alleged fraud is striking: investigators estimate that as many as 4,782 international climbers may have been affected between 2022 and 2025.

While the legal process is still unfolding, the implications of these accusations extend far beyond criminal accountability. If proven true, the scandal could fundamentally alter how climbers, insurers, and governments approach high-altitude expeditions—not just in Nepal, but worldwide.

Mad Mullah Money

Maybe bombing the banker was a bad idea;

The arrest of dozens of IRGC-linked money changers in the United Arab Emirates is one of the most serious blows yet to Tehran’s sanctions-evasion network, laying bare how heavily the Islamic Republic has depended on Dubai as an economic lifeline.

Sources familiar with the matter told Iran International that UAE authorities detained dozens of money changers tied to financial entities linked to Iran’s Revolutionary Guards, shut down associated companies and closed their offices.

The crackdown follows days of mounting regional tensions and comes after other measures targeting Iranian nationals, including visa revocations and tighter travel restrictions through Dubai.

For years, Dubai has served as Iran’s main offshore financial artery, where oil proceeds, petrochemical revenues and rial conversions were turned into dollars, dirhams and euros beyond the reach of the country’s battered domestic banking system.

“This is going to be a real problem for Tehran because Dubai was an economic lung for the Iranian regime,” Jason Brodsky of United Against Nuclear Iran told Iran International.

“That is economic pressure and diplomatic isolation in a way that the UAE is able to employ against the Iranian regime, and it will have a very considerable impact.”

h/t Instapundit

Higher Unlearning

From what I’ve read of the subject, a lot of modern physics consists of the manipulation of mathematical formulas that are largely self-referential and bear little or no relation to reality. A lot like modern economics, in fact. The laws of logic, causality and identity are just so old school, I guess.

Basically, a key piece of mathematics creates bulk masses of fermions that are manifested in the so-called fifth dimensional warped space. This pocket “dark sector” is one possible way to explain the huge amount of dark matter that, so far, has eluded detection using any traditional measurements designed for the standard model of physics. Fermions jammed through a portal to a warped fifth dimension could be “acting as” dark matter.

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

Seriously people. Bringing “smart” anything into your life is stupid.

An investigation by Swedish outlet Svenska Dagbladet has revealed that Meta’s AI smart glasses are sending video and audio recordings (including footage of naked bodies, bathroom activities, and unblurred bank card numbers) to human data annotators at a Meta subcontractor in Kenya.

Workers there, bound by NDAs, described what they see every day. “We see everything — from living rooms to naked bodies.” Another said: “You understand that it is someone’s private life you are looking at, but at the same time, you are just expected to carry out the work. You are not supposed to question it. If you start asking questions, you are gone.”

Meta says users control their own settings. The terms of service say human review may occur depending on your settings, with no opt-out option for mandatory AI training data.

7 million pairs were sold in 2025 alone. Meta is reportedly pushing to double production to 20 million by end of year.

They’re also working on adding facial recognition directly into the glasses. Two Harvard students already demonstrated they could identify a stranger on the street and find their home address using the glasses and existing software.

Beauty.

Money For Nothing

If John Risley typifies the mindset of the business community in this country, we’re all done for.

He sold the company in 2021 for $1 billion. But instead of enjoying his money in retirement, he kept backing massive projects with global ambitions, including a stalled wind-powered hydrogen energy operation in western Newfoundland.

Risley was in Ottawa in December to drum up support for a deepwater port in the Arctic.

Under the increasing interest rates, the US$250-million loan inflated into a debt reaching nearly US$1 billion, the documents said. CFFI planned to sell off a few major investments and pay off the debt, but the sales never happened, the papers said.

Money For Nothing

If Carney’s defense “plan” doesn’t fit the definition of a slush fund designed to line the pockets of Liberal cronies, I don’t know what would.

Carney’s strategy in making sure this actually gets done is a familiar one: create a new agency (in this case, the Defense Investment Agency) headed by a suit (investment banker Doug Guzman) whose job it will be to streamline processes and deliver results. That’s in addition to the existing entities charged with the work of defense (the Department of National Defense), subsidizing defense (the Department of Innovation, Science and Economic Development) and purchasing the tools necessary for defense (Public Services and Procurement Canada).

Jeffrey Epstein Didn’t Kill Himself

Andrew Mountbatten-Windsor arrested.

The arrest comes weeks after a tranche of U.S. Department of Justice documents, released January 30 under the Epstein Transparency Act, surfaced emails suggesting Mountbatten-Windsor may have shared confidential government reports with convicted sex offender Jeffrey Epstein while serving as a British trade envoy — a role that brought him into sustained contact with some of China’s most senior political and business figures.

King Charles III confirmed the arrest Thursday, saying he had “learned with the deepest concern” the news about his brother and supported a “full, fair and proper process.” In a written statement, the King added: “Let me state clearly: the law must take its course.” He indicated he would not be commenting further and said his family would “continue in our duty and service.”

Prime Minister Keir Starmer, speaking on the BBC hours before the arrest was announced, said that “nobody is above the law” and that the principle applied “in this case in the same way it would in any other case.”

Beyond Starmer’s statement on Mountbatten-Windsor, as The Bureau has reported, disclosures in the Epstein files appear to link the former prince and Starmer’s own appointee as US ambassador, Lord Peter Mandelson, to a web of potential self-dealing involving Chinese financial and intelligence-linked entities alongside Western political and banking elites. That connection means the investigation into Mountbatten-Windsor carries significant consequences for Starmer and his Labour government — not merely as a constitutional crisis over the monarchy, but as a potential reckoning over what those closest to the prime minister knew, and whether they were involved, or even influenced on decisions related to Beijing.

The arrest is unprecedented in the modern era — the first time a senior member of the royal family, or a former senior member, has been apprehended over potential criminal activity in Britain. Prince William and his wife have said they were “deeply concerned” by the latest Epstein revelations.

Don’t ask questions they don’t like the answers to: what about the horde of Pakistani child rapists?

Self Driving Stock Values

I thought this AI thing was all win/win.

Cisco Systems dropped 12.3% despite likewise topping analysts’ expectations for profit and revenue last quarter. The tech giant indicated that it may make less profit off each $1 of revenue during the current quarter than it did in the past quarter.

More broadly, questions are rising about whether businesses that are spending heavily on AI will end up seeing high-enough profits and productivity to make the investments worth it.

 

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