Category: More Money Than Brains

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.”

 

Post-Industrial Society

Ignoring the obvious contradiction in the funding announcement, why are we throwing even more tax dollars at a chronic money loser? There was a time when Canada built plenty of locomotives, but apparently we lost all that knowledge and now need to relearn it. Who knew?

“Locomotive assembly is returning to Canada,” Transport Minister Steven MacKinnon said Wednesday at a news conference in Montreal, where the plant will be built.

Ottawa says the trains will be built by Switzerland-based Stadler. The first nine are to be built in Spain, while the remaining 36 will be built in Canada after Canadian workers learn how to assemble them from their Spanish counterparts.

 

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

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