Losses For The Masses

Maybe central planning didn’t work at this time, but trust us, it will work at some point in the future. The question remains, why do we even have such a bank in the first place?

The head of the Canada Infrastructure Bank defended $900,000 spent on a now-cancelled power line project, arguing the project will ultimately get built and the due diligence the bank did was entirely reasonable.

The bank agreed in 2021 to offer a $655-million loan to the project and spent $900,000 on due diligence involving lawyers and outside experts. The project has since been suspended and the original owner sold its interest to another company. The loan did not go through, but the $900,000 had already been spent.

Render Unto Caesar…

Fraser Institute- Canada’s Rising Personal Tax Rates and Falling Tax Competitiveness, 2024

Comparing the provinces with 51 US jurisdictions (includes all states and Washington DC) shows nine Canadian provinces occupying the list of the top 10 jurisdictions with the highest top combined marginal income tax rates, and all provinces are in the top 15.

Canadian provinces are similarly uncompetitive with US jurisdictions when comparing personal income tax rates at the CA$300,000, CA$150,000, CA$75,000, and CA$50,000 income thresholds.

Canada’s top combined statutory income tax rate is also uncompetitive compared to other industrialized countries. Out of 38 OECD countries, Canada’s top combined income tax rate ranks 5th highest.

Climate Change- Old White Women Hit Hardest

Reuters- Swiss women win landmark climate case at Europe top human rights court

The Swiss women, known as KlimaSeniorinnen and aged over 64, said their government’s climate inaction put them at risk of dying during heatwaves. They argued their age and gender made them particularly vulnerable to such climate change impacts.

The verdict in the Swiss case, which cannot be appealed, will have international ripple effects, most directly by establishing a binding legal precedent for all 46 countries that are signatories to the European Convention on Human Rights.

Update: Judith Curry responds.

To hell with it is “definitely on the table”

Jim Reiter, Bronwyn Eyre, Michael Milani. Photo by Brian Zinchuk

Saskatchewan fights back on federal oil and gas emissions cap, Methane 75. Saying “to hell with it” is “definitely on the table,” says minister when asked.

Province invokes Saskatchewan First Act, again, building its case against the federal government’s never-ending smothering greenhouse gas emissions rules, regulations and legislation.

I was up in Saskatoon Monday to cover this important announcement. Saskatchewan’s not going to take it, anymore. Kinda like Twisted Sister. For some reason, I keep referencing that song.

Transgender Is A Stalking Horse For The Normalization Of Pedophilia

In a groundbreaking study from the Mayo Clinic, a globally recognized leader in medical research and patient care, researchers examined the effects of puberty blockers on testicular development in gender dysphoric male children. Their investigation revealed evidence of mild to severe atrophy in the sex glands of these children, leading the authors to express doubt in the claims of “reversibility” often made about puberty blockers.

The authors assert, “We provide unprecedented histological evidence revealing detrimental pediatric testicular sex gland responses to [puberty blockers].”

Pharma Pressure?

Suneel Dhand is a British physician who has been openly critical of pandemic policy in many a YouTube video and now focuses his critical eye on another common medical issue: blood pressure.

“I believe it’s absolutely ludicrous that we would have this one size fits all approach to blood pressure [of ] 120 over 80.”

“Every passing year the guidance from the medical establishment gets more and more aggressive and on many levels this is a complete money grab…”

 

Tuesday On Turtle Island

Blackie’s Canada:  Rebel News journalist arrested again.  If you speak Mandarin, you can meddle in Canadian elections.  China’s  Liberal Party.

Dementia Joe’s America:  Censorship against Americans.  Kamala Harris reveals her sports knowledge.  President Jill Biden.  Apparently swastikas are progressive now.

Woke World:  How to spot the next mania.    Today In Islam:  Sharia law coming to Britain.  The family honour.

Your morning meme.

Taxing Measures

Boston is certainly not the first city to hit the wall of declining commercial property values, and it won’t be the last. The cheering was widespread when everyone worked from home during the pandemic, but now that many of those jobs have disappeared and downtowns are filling up with the homeless, there’s simply not enough commercial tenants left to fill the gap.

A recent report by the Boston Policy Institute found the city may lose $1.4 billion in tax revenue over the next five years due to empty office spaces. Boston could also face a recurring shortfall of about $500 million each year after that first half-decade, the report found.

In a sane world, the solution would be to cut spending and align it with revenue. But in the insane Keynesian universe, the “solution” is to tax the remaining commercial property owners even harder than they already are. I can’t imagine any negative consequences arising from that, can you?

The measure would give the city the flexibility to temporarily shift more of the property tax levy onto commercial and industrial property owners. If approved, new tax rates would only go into effect if commercial valuations come in low as expected, Wu said.

Assume The Position

Daily Sceptic- Prostate Cancer Screening Doing “More Harm Than Good”, Study Finds

The largest study to date investigating the PSA (Prostate-specific antigen) blood test, which is used as a screening tool in some European countries, found it had a small impact on reducing deaths, but also led to a worrying level of over-diagnosis.

The results of the trial show that an estimated one in six cancers found by the single PSA screening were over-diagnosed leading to unnecessary treatment of tumours that would not have caused any harm in someone’s lifetime.

“However, this research highlights that a PSA test for early detection can do more harm than good – it’s simply not accurate enough and can lead to some men having tests and treatment that they don’t need.”

More here

The Sound Of Settled Science

Surely, no one meant this literally: Can a Butterfly in Brazil Really Cause a Tornado in Texas?

Almost everyone has heard the claim that a butterfly can flap its wings in one part of the world and cause a chain reaction of events that ultimately results in a major event on the other side of the world. For example, a butterfly wing flap in Brazil could cause a tornado in Texas. Indeed, this concept has permeated popular society. . .

In academia, the concept of the butterfly effect apparently first appeared in an article in the Bulletin of the American Meteorological Society by J. Smagorinsky in 1969, but the specific question “Does the flap of a butterfly’s wings in Brazil set off a tornado in Texas?” was introduced by Ed Lorenz at the 1972 Meeting of AAAS Section on Environmental Sciences.

Good Lord, it seems some do.

. . . existing numerical models cannot accommodate a disturbance as small as the flap of a butterfly’s wing, meaning we cannot accurately predict the resulting weather phenomena using numerical models.

But despite the lack of scientific evidence supporting the idea that a butterfly wing flap could create a tornado in Brazil, the prevailing opinion, even among many in the atmospheric science community, continues to be that it is, indeed, possible.

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