Eleven useless inventions

The allure of zero percent interest is that it sends a signal to investors that capital magically self-replicates and that no investment decision could ever really be wrong. Of course, the reality of capital markets is much different. The article lists 11 specific problems caused by zero percent interest, but that’s not exhaustive by any means. For starters, here’s some of the more bizarre ones:

Environmental, Social, and Governance. No one actually knows what any of that means, but you can throw that label on your fund, change your website’s color to a shade of light green, and instantly charge 5x higher expense ratios.

Adjusted EBITDA is a fascinating tool that more companies should have utilized. You literally just take your negative EBITDA and subtract expenses until it’s positive, then call it adjusted EBITDA.

White-collar America spent 18 months in a labor market facade, the industrial devolution of remote workers refusing to actually remotely work. It was beautiful, and we called it work-life balance. And now, with companies cutting jobs and demanding that their employees return to the office, that beautiful, wonderful dream is dead.

“Beijing was determined that the Conservatives did not win”

Globe & Mail; CSIS documents reveal Chinese strategy to influence 2021 election

China employed a sophisticated strategy to disrupt Canada’s democracy in the 2021 federal election campaign as Chinese diplomats and their proxies backed the re-election of Justin Trudeau’s Liberals – but only to another minority government – and worked to defeat Conservative politicians considered to be unfriendly to Beijing.

The full extent of the Chinese interference operation is laid bare in both secret and top-secret Canadian Security Intelligence Service documents viewed by The Globe and Mail that cover the period before and after the September, 2021, election that returned the Liberals to office.

The CSIS reports were shared among senior government officials and Canada’s Five Eyes intelligence allies of the United States, Britain, Australia and New Zealand. Some of this intelligence was also shared with French and German spy services.
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I Want A New Country

Quebec has a problem! Then, voilà! Just like that! The problem is gone!

The federal government is paying to have migrants who are entering the country at the unofficial border crossing of Roxham Road moved from Quebec into other provinces, says Quebec’s Minister of Immigration Christine Fréchette.

Fréchette told reporters in Quebec City on Feb. 14 that the provincial government is “very happy” with the federal government’s action, which follows calls from Quebec for Ottawa to solve the issue of migrants seeking asylum after entering Canada through Roxham Road.

“We are starting to see results,” Fréchette said during a media scrum, according to the Globe and Mail.

Fréchette also said that nearly all of the 380 migrants who arrived in Quebec through Roxham Road on Feb. 11 and Feb. 12 were relocated to other provinces—mostly Ontario.

Fréchette said the federal government recently booked 500 hotel rooms in Ontario to house the migrants.

The migrants they voted for: “It was an unexpected surge. It’s hundreds in Niagara right now,”

Friday On Turtle Island

Woke Britain:  Surnames are racist.  More transgender lunacy.

Trudeau’s Canada:  Indians claim most of New Brunswick.  Canada proposes euthanizing kids.  Parents upset at big boobs teacher.  The Ontario Line soap opera.

Biden’s America:  The government and misinformation.  Democrat calls Clarence Thomas a racial slur.  D.C. copies the Ontario education system.  Hungary wants an apology from the Biden administration.  Who killed Philip Haney?  Your morning meme.

Today In Islam:  Swedish sex slaves.  And dating in Pakistan.

Global Warming Scam News:  John Kerry burns jet fuel to the Bahamas.  A look at Canada’s emission targets.  Biden’s eco-grief training.

Jeffrey Epstein Didn’t Kill Himself

Unusual Whales;

Ex-JPMorgan, $JPM, executive Jes Staley’s newly revealed emails with Jeffrey Epstein, for example, allegedly show them referring to young women as Disney princesses, including Snow White, a lawsuit alleges per Bloomberg.

Previously, A woman sued JPM for facilitating her sexual abuse by Jeffrey Epstein and claimed Jes Staley “personally observed” that abuse when he was the bank’s head of private wealth.

“That was fun,” Staley allegedly wrote. “Say hi to Snow White.”

“[W]hat character would you like next?” Epstein allegedly responded.

“Beauty and the Beast.”

Staley, who is not a defendant in either lawsuit, has consistently denied knowledge of Epstein’s sexual abuse.

Staley, who left JPMorgan in 2013 and became chief executive officer of Barclays Plc two years later, was known to have exchanged upwards of 1,200 emails with Epstein over the years, but their contents have not been previously disclosed. Staley stepped down as Barclays CEO in 2021 following a UK Financial Conduct Authority probe into his ties with Epstein, per Bloomberg.

The US Military Budget is $817 Billion Dollars

So hostile Bottlecap Balloon Brigade actors had better not step out of line.

A small, globe-trotting balloon declared “missing in action” by an Illinois-based hobbyist club on Feb. 15 has emerged as a candidate to explain one of the three mystery objects shot down by four heat-seeking missiles launched by U.S. Air Force fighters since Feb. 10.

The club—the Northern Illinois Bottlecap Balloon Brigade (NIBBB)—is not pointing fingers yet.

But the circumstantial evidence is at least intriguing. The club’s silver-coated, party-style, “pico balloon” reported its last position on Feb. 10 at 38,910 ft. off the west coast of Alaska, and a popular forecasting tool—the HYSPLIT model provided by the National Oceanic and Atmospheric Administration (NOAA)—projected the cylindrically shaped object would be floating high over the central part of the Yukon Territory on Feb. 11. That is the same day a Lockheed Martin F-22 shot down an unidentified object of a similar description and altitude in the same general area.

There are suspicions among other prominent members of the small, pico-ballooning enthusiasts’ community, which combines ham radio and high-altitude ballooning into a single, relatively affordable hobby.

“I tried contacting our military and the FBI—and just got the runaround—to try to enlighten them on what a lot of these things probably are. And they’re going to look not too intelligent to be shooting them down,” says Ron Meadows, the founder of Scientific Balloon Solutions (SBS), a Silicon Valley company that makes purpose-built pico balloons for hobbyists, educators and scientists.

Railroaded

A very good essay at Doomberg,

February 3 near the small town of East Palestine, Ohio. Here, a 52-car freight train operated by Norfolk Southern derailed, with 20 cars listed as having hazardous materials on board. Of those, five were carrying vinyl chloride, the same molecule of concern in the Paulsboro derailment. For a variety of reasons, the accident has touched off a bit of a national panic, with many news publications referring to the incident as “Ohio’s Chernobyl.” What actually occurred here, what are the true regional and national consequences, and is the ongoing media frenzy justified? Let’s dig in.

One Flu Out Of The Wuhan Nest

Sen Rand Paul;

The coronavirus outbreak brought the world’s attention to the dangers of gain-of-function research. This kind of research occurs when a virus is manipulated to increase its strength or contagiousness—literally, causing it to gain a function.

Dr. Anthony Fauci continues to repeat the talking points of the Chinese Communist Party and insists that SARS-CoV-2 spread from bats to an intermediate host animal, then to humans. A wet market in Wuhan, China, is allegedly where this “spillover” occurred.

Yet according to Chinese officials—who have a big incentive to disprove a laboratory accident—none of the animals at that market when it closed, and none of the animals in its supply chain were infected with SARS-CoV-2. In fact, in roughly three years since the pandemic began, not one animal has been identified that was infected with the virus before it infected humans.

In 2018, EcoHealth Alliance, a New York-based nonprofit organization, applied for funding from the U.S. Defense Advanced Research Projects Agency (DARPA). In its grant application, EcoHealth proposed inserting a “proteolytic cleavage site” into bat coronaviruses that interact with furin, an enzyme in human cells. However, DARPA rejected that proposal because adding a furin cleavage site would make the coronavirus more lethal in humans.

Only 18 months later, COVID-19 appeared in Wuhan—but nowhere else. Unlike the original SARS virus and the 2013 avian flu, SARS-CoV-2 didn’t spring up in separate geographic regions (as you would expect of a virus circulating in another species). Instead, it spread from a single location and seemed well-adapted from the beginning to spark a once-in-a-century pandemic.

Genetically, the feature that equips the virus to replicate so quickly is a furin cleavage site in its spike protein. Yet no other SARS-related coronavirus has ever been found in nature exhibiting this feature.

As we later learned, the Wuhan Institute of Virology partnered with EcoHealth on another project involving gain-of-function experiments on bat coronaviruses. However, unlike the project DARPA had rejected, this one found a U.S. government agency willing to fund it: Dr. Fauci’s National Institute of Allergy and Infectious Diseases.

Temporarily Unexpected

U.S. stock indexes fell Thursday morning as investors digested another hot inflation report that showed price pressures at the wholesale level rose more than expected in January, fueling concerns that the Federal Reserve will raise interest rates higher than expected.

federal experts say: Deficit set to hit $1.4T this year amid persistent inflation…

If Women Ran The World

A Trudeau diversity hire bites the dust.

Lucki insisted she has “accomplished a lot” with the senior executive team and RCMP employees, including modernizing the force and addressing internal challenges.

“I’m so proud of the steps we’ve taken to modernize – to increase accountability, address systemic racism, ensure a safe and equitable workplace and advance reconciliation with Indigenous peoples,” she said in the statement.

“I leave knowing I did my best and take comfort that the RCMP is well placed to shine in its 150th year.”

Thursday On Turtle Island

Biden’s America:  Life in a Democrat city.  The trans movement is hurting young women.  A UFO story.  Whistleblower exposes the school to scalpel pipeline.  East Palestine Pete.  We must abandon globalism.  Victor Davis Hanson on destroying meritocracy.

Woke Britain:  Trust the science.  And Neil Oliver talks about the Sturgeon resignation.

Today In Islam:  I guess Muslims don’t like truffles.  They also don’t like Christians.

Global Warming Scam News:  Do you believe in the tooth fairy?  Your morning meme.

Trudeau’s Canada:  Segregated Canada.  Dear Leader is having a great time in the Bahamas.  NDP MLA denounces Freedom Convoy.  Climate Barbie’s tree plan failure.  Justin’s choice for Governor General.

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