Temporarily Unexpected

Build Back Better.

U.S. manufacturing activity is on the decline as a push to clear out existing inventories collided with a downturn in new orders, various indices showed on Monday.

“The health of the U.S. manufacturing sector took a sharp turn for the worse in June, adding to concerns over the economy potentially slipping into recession in the second half of the year,” said Chris Williamson, the chief business economist at S&P Global Market Intelligence. “Leading the darkening picture was a severe drop in demand for goods, with new orders slumping at a rate among the steepest since the global financial crisis of 2009.”

The Libranos: Tax Cheats

It’s not a bureaucracy, it’s a crime family;

Revenue Commissioner Bob Hamilton misled MPs in under-reporting the number of Canada Revenue Agency employees implicated in fraudulent claims for pandemic benefits. Hamilton claimed there were “not very many, obviously,” though the Agency now confirms hundreds are under investigation: “I’m afraid ‘not very many’ is not a sufficient answer.’”

There are two paths: one “accepts the scientific reality of climate change,” the other “is blind hope”

Jonathan Wilkinson. Photo by Brian Zinchuk

Here are the big pieces on Jonathan Wilkinson’s time in Saskatchewan last week. The Minister of Natural Resources came to Regina to speak about “just transition.” There’s still a few more to come from it for the rest of this week, including his faith that there will soon be electric tractors for our farmers (where will you charge them???)

Shorter version (if you can call it that)

Wilkinson says there are two paths: one “accepts the scientific reality of climate change,” the other is blind hope.

Long version:

Wilkinson’s full speech on “just transition,” verbatim.

Video of whole speech included with both.

Going for broke

We’re now approaching the point where the bill for all the pandemic Keynesian stimulus is coming due, and the marginal consumer is having a tough time paying it.

Insolvencies, which include bankruptcies and proposals to renegotiate loans, rose 12.3 per cent in May from April and are up 30.9 per cent from the same time last year on an adjusted basis, according to data from Innovation, Science and Economic Development Canada. They are now at their highest level since the start of the pandemic…

 

Tuesday On Turtle Island

Woke Britain:  The Trudeau tactic in Britain.  Please don’t upset the alphabet people.

Biden’s America:  The wild hunt.  What is gender ideology?  The media’s weirdest pride coverage.  The truth about France.  A meeting to save Bud Light.  Leftists harass immigrant parents.  The trans agenda.  Victor Davis Hanson on what the Fourth of July was not.  Patriotism under siege.  Your morning meme.

Global Warming Scam News:  China’s UN announces that we’re all going to die.  A related meme.  You can’t even avoid the global warming lunatics when you die.

Trudeau’s Canada:  The country is becoming unrecognizable.  Freedom of religion means nothing in Trudeau’s Canada.  They can’t find the people burning down churches, but they have the time to harass high school students.  A celebration for Mao in Ottawa.  The media bailout failure.

Today In Islam:  Some wedding advice in Turkey (JW).  Muslim mayhem and attempted murder (JW).  Pope Francis denounces burning of the Quran (JW).

Safe and Effective

Vancouver Sun- Vancouver man who opened store selling hard drugs dies of a reported overdose

…supporters say Martin was a drug legalization advocate who wanted to provide a safe supply of drugs to users amid B.C.’s overdose crisis wrought by a poisoned illicit drug supply.

In May, he opened The Drugs Store on the corner of Main and Cordova streets, selling illicit hard drugs up to quantities of 2 1/2 grams per customer — the possession limit allowed under recently relaxed drug decriminalization laws.

Ice cream proletarians

I’ve never had a Ben and Jerry’s ice cream treat yet, and after seeing the Canadian branch’s deep dive into Marxism-Leninism and various other woke causes, I won’t be doing so any time soon. Have these guys not learned anything from the Bud Light experience?

Mining, drilling, and logging corporations have been exploiting Indigenous communities for generations. Enabled by the government and unjust laws, they steal land, extract resources, and leave behind polluted water, ruined landscapes, and scarred communities.

When Indigenous activists and community leaders stand up and protest, companies regularly bring in police to silence them and even force them from their own land. In fact, a secretive special unit of the Royal Canadian Mounted Police (RCMP) was created in British Columbia with the sole purpose of suppressing protests.

 

Too little, too late

Locking the barn door after the horse is gone is a feature, not a bug, of centrally planned systems. But back when interest rates were falling to zero, anyone in authority who squawked about potential problems with variable rate mortgages would have been promptly told to shut their pie hole.

Peter Routledge, the head of the Office of the Superintendent of Financial Institutions (OSFI), said that borrowers with mortgages in which payments are not high enough to cover the interest portion of the loan could experience a “shock” in significantly higher payments in the years ahead.

He added that coming measures to tighten the country’s residential mortgage underwriting rules will aim to curb the tendency to lean on those types of loans in tough times.

Monday On Turtle Island

Woke Britain:  The Churchill home.  Brits feel guilt about the Empire.  Looks like Nigel Farage is experiencing a Trudeau like bank freeze.  Another trigger warning.  Meanwhile in Europe. A German Lutheran pastor.

Biden’s America:  The Supreme Court rulings favour American freedom.  Leftists ban politicians they don’t like.  A queer administration.  The Biden bribery wheeze.  The Democrats baseless lies.  Hunter Biden goes for a drive.  Democrats are coming for your children.  A dictator diversion.  The cushy plea deal.  Your morning meme.  Bonus meme.

Today In Islam:  Rioters threaten Jews (JW).  The alphabet people and their Muslim allies (JW).  And France on fire.

Trudeau’s Canada:  The YWCA hates men.  Justin’s CBC celebrates Land Back Fest.  Trudeau’s Toronto Star trashes the Freedom Convoy.

What Could Possibly Go Wrong?

Depopulationists rejoice.

The White House offered measured support for the idea of studying how to block sunlight from hitting Earth’s surface as a way to limit global warming, in a congressionally mandated report that could help bring efforts once confined to science fiction into the realm of legitimate debate.

The controversial concept known as solar radiation modification is a potentially effective response to fighting climate change, but one that could have unknown side effects stemming from altering the chemical makeup of the atmosphere, some scientists say.

If this works, we could get the crop failures they’ve been striving for.

Diversity Hiring Comes Of Age

Complex Systems Won’t Survive the Competence Crisis

At a casual glance, the recent cascades of American disasters might seem unrelated. In a span of fewer than six months in 2017, three U.S. Naval warships experienced three separate collisions resulting in 17 deaths. A year later, powerlines owned by PG&E started a wildfire that killed 85 people. The pipeline carrying almost half of the East Coast’s gasoline shut down due to a ransomware attack. Almost half a million intermodal containers sat on cargo ships unable to dock at Los Angeles ports. A train carrying thousands of tons of hazardous and flammable chemicals derailed near East Palestine, Ohio. Air Traffic Control cleared a FedEx plane to land on a runway occupied by a Southwest plane preparing to take off. Eye drops contaminated with antibiotic-resistant bacteria killed four and blinded fourteen.

While disasters like these are often front-page news, the broader connection between the disasters barely elicits any mention. America must be understood as a system of interwoven systems; the healthcare system sends a bill to a patient using the postal system, and that patient uses the mobile phone system to pay the bill with a credit card issued by the banking system. All these systems must be assumed to work for anyone to make even simple decisions. But the failure of one system has cascading consequences for all of the adjacent systems. As a consequence of escalating rates of failure, America’s complex systems are slowly collapsing.

Grab a coffee.

Retirement blues

If anyone thought that Covid lockdowns and the war in the Ukraine were not only costless but actually economically beneficial, you need to reconsider that point of view. Throw in years of zero percent interest rates which have devastated retirement earnings and you now have a lethal combination.

“With living costs rising, I have to work permanently,” she says. “I have three small occupational pensions totalling about £1,000 a month, and my husband has a teacher’s pension, but we can’t afford to live without working. When our energy bills rose to £400 a month, there was no choice but to go back.”

Apart from feeling the pinch because of high inflation, the couple are having to clear debt they accrued during the Covid lockdowns, when they had to financially support their three grownup children. “They are all living in or around London, and two of them were made redundant during the pandemic. We took out a £10,000 loan to help out with their rent and other things for four, five months. I’m working to pay that off, and we still help out now and again. ”

 

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