Your Moral And Intellectual Superiors

Canada’s AAA Rating Is on Thin Ice.

Fitch Ratings is warning that the country’s prized standing in the eyes of creditors may suffer because of protectionist measures proposed by U.S. President Donald Trump. In a report Friday, a Fitch research team led by James McCormack wrote that nations with close ties to the world’s largest economy, such as Canada, are “most at risk” of damage to their credit fundamentals.

Oh dear. Let’s check what the leader of Canada’s pointy head sect has to say…

For forty-odd years after World War II, the policy of the free world towards the Soviet Union was one of containment: a strategy of collective resistance, rather than (on the one hand) appeasement or (on the other) open conflict. We now face the sad reality that, for the next four years at least, some version of containment will have to be our policy towards the United States.

What could possibly go wrong?

A Bomb Bomb Bomb, Bomb For Iran

Not so fast…

The New York Times may not like to openly admit to admiring President Trump’s Iran policy, but its latest dispatch from Tehran shows how his combative approach is already causing headaches for Iran’s leaders. […]
It sure looks like Trump’s policy of turning up the heat on Iran is causing problems for the Iranian government–and, indirectly, confirming critics of the Iran deal who argued that its effect was to make it easier for the mullahs to keep power at home, even as they stepped up Iranian aggression abroad.

Related.

We Don’t Need No Stinking Giant Fans

Blunder down under;

The temperature was still above 40C when the rolling blackouts began at 6.33pm to conserve power supplies as homeowners used airconditioners for relief from the heat.
SA’s power reliability will again be under scrutiny given a series of major blackouts, including a statewide failure in September.
An SA Power Networks spokesman said they were acting on instructions from AEMO in response to insufficient generation supply in SA.
“We don’t generate,” he said. “This is not an SA Power Networks issue — we are the muggins in the middle between the customer and generation supply.”
SA Liberal frontbencher Simon Birmingham said it was “yet another example that the South Australian Government can’t keep the lights on”.
“It’s a chronic failing that can only hurt investment confidence in the state,” Mr Birmingham said.
“It’s a demonstration that ad hoc state-based renewable energy targets have gone too far — when reliability can’t be maintained on a day the likes of which SA faces numerous times every single summer.”
Federal Energy Minister Josh Frydenberg said the blackout “is yet another example of Jay Weatherill’s failed experiment”.

Related.

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