Canada’s Conservative Party next week will likely trigger a federal election.
Trudeau is polling the lowest of any Prime Minister in history, his party has just lost another by-election in a traditional safe jurisdiction for the Liberals, and the recent break-up with the even more left-wing NDP party, all lead most of us to believe that Canada will soon be led by the Conservatives and a new Prime Minister.
Commercial real estate is collapsing, hurting mortgage lenders, including Humongous Bank & Broker. So, this 50bp cut will relieve some pressure and assist the investors in declaring bankruptcy. Courts will now put a hold on seizures until these failed investors get refinanced—not immediately, but after the Fed drops rates further.
Adding liquidity, which rate cuts do, will increase inflation, hurting the average person.
Today’s Fed action shows the split between Main Street and Wall Street.
jimg
September 18, 2024 9:58 am
#41614
A Concerned Fed Will Drive Liquidity & Markets Higher | Michael Howell
Air Canada has offered its pilots 42 per cent pay raise over four years to avoid potential strikeThe deal reached shortly after midnight on Sunday, is a four-year collective agreement that prevents a major shutdown of Canada’s largest airline.
Twice this week, Scott Jennings has shown inappropriate behavior and should be removed.
David Urban is another Trump loyalist who, like Jennings, will not back down and often triggers the Harris acolytes into a shouting match. But Urban has a professional manner about him that I have not once found repugnant. On the other hand, Jennings shows himself as a jerk by repeatedly engaging in arrogant and condescending behavior with several other panelists on different shows.
That wasn’t the case previously, even when Trump’s actions during the civil trial and the RNC convention were less than desirable in the eyes of the Dems. During those days, Jennings stood his ground and probably earned his standing as a regular CNN contributor. However, as Trump’s polls sink into loser status, Scott Jennings’s behavior crosses the line. He should be canned.
Watching the interviews at the annual media access golf day, I have to say the Toronto Leafs seem to be ready for more success than in many years. Luck plays a big part but based on talent, I think this group has a runway to the Stanley Cup finals. I haven’t thought that for maybe two decades.
The trial over the future of the Murdoch empire begins today in Reno, Nevada. Details of the conflict—which draws parallels to the hit HBO series “Succession”—will remain confidential after a judge ruled last week to keep case filings sealed.
At the heart of the court battle is 93-year-old Rupert Murdoch’s succession plan for News Corp. and Fox Corp., media outlets collectively valued at over $32B. Murdoch owns a roughly 40% stake in each company, with each of his four children set to inherit an equal share. Last year, however, Murdoch petitioned to amend the family trust to allocate all voting rights to his eldest son and current Fox Corp. CEO, 53-year-old Lachlan Murdoch.
The Murdochs have donated millions of dollars to conservative causes, while Lachlan’s siblings—including brother James—have donated to Democratic groups. Editorial differences surrounding the direction of Murdoch’s conservative-leaning news empire (see list of outlets) are believed to have driven the conflict.
jimg
September 16, 2024 8:46 am
#41554
Doomberg on Energy
Net Zero and Peak Oil are nonsense
@natgas will help the U.S. win the AI war
The resource base for hydrocarbons in North America is basically infinite for the next couple of decades
Oil and gas producers do better under Democrat administrations
I personally don’t believe Peak Oil and Net Zero concepts are nonsense. But fear-mongers are blowing them out of all proportion. In rejecting faulty analysis and extreme opinions, Doomberg provides an excellent service in pointing that out.
The beautiful weather led to our walking through the adjoining park over 18,500 steps total yesterday and today. That’s an average of 4 miles a day. Feeling terrific. I hope to reach my goal of 200 pounds by my next CT scan in four weeks.
Something to consider during this highly contentious political season.
We know there is a radical left and a radical right. “There are good people on both sides” is a divisive argument that purposefully ignores these extremes.
While most of us get triggered at times by what we observe, at the end of the day we are closer to the center than sometimes we think.
Last edited 4 days ago by Bill Cara
jimg
September 14, 2024 8:53 am
#41514
Made in Shenzhen.
“Supply chain for this may be completely indigenized – HW Kirin SoC, OLED, etc. Note 5G modem > Qualcomm, something Apple has been trying to build themselves for years and failed so far”
The Huawei Mate XT Ultimate Design is a tri-fold phone with a 10.2-inch screen that folds at two points.
This study was funded by the U.S. Food and Drug Administration,
COVID-19 mRNA vaccine linked to myocardial scarring in adolescents and young adults
“One type of COVID-19 vaccine used widely in the U.S. was the messenger ribonucleic acid (mRNA) vaccine, in which a copy of the viral mRNA that encodes a viral protein, such as the SARS-CoV-2 spike protein, is used to trigger a long-lasting immune response. One of the rare complications of the COVID-19 mRNA vaccine is myocarditis, especially in the pediatric population. Furthermore, cardiac magnetic resonance (CMR) images involving late gadolinium enhancement or LGE are being used increasingly to study the chronic scarring and myocardial injury that occurs in cases of childhood myocarditis. While the implications and overall prognosis for myocardial injury linked to C-VAM in young patients are unclear, LGE is believed to be associated with a high risk of arrhythmia, heart failure, cardiomyopathy, and even cardiac death”
For those of us who fail to consider the cost of war, this brief video clip taken this week by a friend shows a cemetery in Europe of the Canadian soldiers who died there in WW1.
AG Merrick Garland delivered an important speech today. He did not have to mention Trump by name but we all knew who he was referring to.
On August 28, I commented here that the country is headed for civil war if there is much more political attacks on the legal system. Since then, Trump’s attacks have escalated.
Scott Jennings, a Trump acolyte, and CNN guest political commentator is under pressure for acting unprofessionally yesterday. I watched the segment live. It’s time for his firing.
During the Trump civil trial, I considered his Trump bias to have fairly balanced the left-wing CNN discussions. I felt the same as he continued in CNN’s discussions regarding the pressure on Biden to quit the race. However, after Harris took over for Biden, Jennings’s concerns about a Trump victory became obvious. At the DNC Convention, his criticisms seemed to get personal. After that, his panelist dialogue has grown increasingly sharp-tongued and unpleasant for viewers. Whenever I saw him speaking in recent days, I turned the channel. Maybe I was tired last night, but I watched the segment that had the other CNN panelists upset with him. As he doubled down on remarks about Haitians eating pets in Ohio, I thought to myself, it’s time he was fired.
We need balanced discussions, and CNN is to be commended after the change in CEO. I very much enjoy Republican and former Trump lawyer David Urban’s presence on these CNN political panels. He stands his ground without being offensive.
jimg
September 12, 2024 12:40 pm
#41470
BYD is a Warren Buffett backed company
China’s BYD unveils new hybrid tech with a massive 2,000 km range “With a fully charged battery and a full gasoline tank, vehicles equipped with this system can travel up to 2,100 kilometers (1,250 miles)”
” starting from 99,800 yuan (approximately $13,775)”
A sovereign wealth fund is most likely to be a bank cartel-run Public-Private-Partnership (PPP) that favors the managers, friends, and associates more than the Public. Let’s end all discussions of sovereign wealth funds in the US.
Didn’t we learn that the Strategic Petroleum Reserve and the Carbon Credits were banking cartel deals?
The networks should end the campaign-directed nonsense and revert to their long-standing agreement. Watching a 90-minute mud-slinging match caters to the prurient interests of reality television viewers. It works as an entertainment production. However, the voters need more.
A structural fault in the Trump-Harris debate was the different time permitted for each speaker. Although the agreement was for equal time, Trump spoke for 42 minutes and 52 seconds, while Harris spoke for 37 minutes and 36 seconds. So, despite the agreement that the mic would be cut when a debater was not to speak, Trump was given the right to speak 22.9% more time than Harris. The network should show a running total of minutes used and cut the final segment by the overage of the agreed-upon total times.
My more serious criticism is that the debaters are not telling the audience what they need to hear, which is the person’s policies. So, the one required debate should be structured so that each debater has 3 minutes to deliver their #1 most important policy proposal, followed by a 90-second rebuttal, followed by the opponent having 3 minutes to present its #1 policy proposal, followed by a 90-second rebuttal. There should be four policy presentations and rebuttal rounds, during which the mics are cut at the elapsed time. The remainder of the debate should be an open-mic forum with minimal host intervention, permitting the opponents to speak at will. The final 15 minutes should be devoted to an independent and impartial fact-checking organization, unaffiliated with the hosts, to list its concerns.
If society is ever going to have a civil discussion, it should be obvious now that we need rules.
Think about Trump’s question, “Are you better off today (under Harris/Biden) than you were four years ago (under his administration)?
I think many people would say they are not. But were they better off after the Trump administration than four years earlier under the Obama administration? Most of the same people would give the same answer i.e., they were worse off under Trump. The issue is that inflation is grinding down the middle class until the point now it’s almost extinct. The purchasing power of the dollar is in continual decline, not just over the past four, eight, and twelve years, but for many generations. Certainly the economy is growing — let’s say that over 100 years the average annual growth of the economy is +3%, but so is inflation. So, if most people are declining from middle class to just getting by or worse, who is winning? If you are a senior corporate executive, your salary and benefits have far surpassed the workers. If you owned residential real estate, your house price grew rapidly. If you were a prudent wealthy investor, your assets also benefitted from inflation. So, the bottom line is that inflation had more to do with your doing better or worse than the administration in power.
Trump’s actions while in office greatly benefitted wealthy people but also caused the government deficits and debts to soar, which led to inflation and job losses. Biden-Harris improved the workers job market but their wages fell behind inflation. Harris, I believe, has the right policies to lift the people back into a middle class by enabling them an easier time to start a business and buy a house. Trump’s policy of restricting access to the southern border will also help the job market, and I expect Harris will adopt that same policy.
Trump and his acolytes can boast he won, but they are fooling themselves.
In my 60 years of watching presidential debates, I honestly have never seen such a masterpiece. Harris seemed to be speaking like she was in one of her rallies, not face-to-face with Trump.
Well, actually, Trump did not say one thing to her face as she had challenged him many times in rallies. He gripped that podium and stared straight ahead as if he feared exploding. She dominated him, and he knew it.
We knew it.
I hope he agrees to a second debate in which the two can have, say, 3 or 4 minutes each time to lay out each of their policies. I’m sure Trump would do better. After all, he couldn’t do worse than last night.
jimg
September 11, 2024 4:07 pm
#41441
Red Sea shipping still suppressed today.
Shows power of cheap modern missiles & drones vs declining empire.
Admiral Tells the Real Truth About Battling the Houthis in the Red Sea
They ran rampant because the Yemeni govt was impotent. At one time they were confined to Al Hudaydah but kept getting Iranian funding and weapons, mostly missiles. Yemeni govt is now not impotent it is non-existent. A division or less of US Marines would have wiped the Houthis off the face of the earth.
Canada’s Conservative Party next week will likely trigger a federal election.
Trudeau is polling the lowest of any Prime Minister in history, his party has just lost another by-election in a traditional safe jurisdiction for the Liberals, and the recent break-up with the even more left-wing NDP party, all lead most of us to believe that Canada will soon be led by the Conservatives and a new Prime Minister.
The Big Fed Policy Rate Cut Points to its Real Concerns.
https://www.investing.com/news/economy/fed-cuts-rates-for-first-time-since-2020-as-ratecut-cycle-kicks-off-3621886
Commercial real estate is collapsing, hurting mortgage lenders, including Humongous Bank & Broker. So, this 50bp cut will relieve some pressure and assist the investors in declaring bankruptcy. Courts will now put a hold on seizures until these failed investors get refinanced—not immediately, but after the Fed drops rates further.
Adding liquidity, which rate cuts do, will increase inflation, hurting the average person.
Today’s Fed action shows the split between Main Street and Wall Street.
A Concerned Fed Will Drive Liquidity & Markets Higher | Michael Howell
https://www.youtube.com/watch?v=H7q3kEZ2D-8
Air Canada has offered its pilots 42 per cent pay raise over four years to avoid potential strikeThe deal reached shortly after midnight on Sunday, is a four-year collective agreement that prevents a major shutdown of Canada’s largest airline.
https://www.thestar.com/business/air-canada-has-offered-its-pilots-42-per-cent-pay-raise-over-four-years-to/article_ad84ad04-731c-11ef-9f90-8b61572f8137.html
The CNN producer of the Abby Phillip segment should replace Scott Jennings with David Urban.
I usually enjoy the to-and-fro discussions with political opponents on CNN until I detect bad behavior.
https://www.msn.com/en-ca/news/politics/i-won-t-step-in-that-trap-historian-clashes-with-republican-in-heated-cnn-discussion/ar-AA1qGsuF
Twice this week, Scott Jennings has shown inappropriate behavior and should be removed.
David Urban is another Trump loyalist who, like Jennings, will not back down and often triggers the Harris acolytes into a shouting match. But Urban has a professional manner about him that I have not once found repugnant. On the other hand, Jennings shows himself as a jerk by repeatedly engaging in arrogant and condescending behavior with several other panelists on different shows.
That wasn’t the case previously, even when Trump’s actions during the civil trial and the RNC convention were less than desirable in the eyes of the Dems. During those days, Jennings stood his ground and probably earned his standing as a regular CNN contributor. However, as Trump’s polls sink into loser status, Scott Jennings’s behavior crosses the line. He should be canned.
Superficial thinking gets us nowhere.
I like this clip of the young woman who discovered she had blurted out an answer without thinking:
Watching the interviews at the annual media access golf day, I have to say the Toronto Leafs seem to be ready for more success than in many years. Luck plays a big part but based on talent, I think this group has a runway to the Stanley Cup finals. I haven’t thought that for maybe two decades.
Scientific American issued a very rare political endorsement.
For critical thinkers, I think this endorsement is important.
How long will Fox stay editorially conservative?
1440 Media covers the story:
Doomberg on Energy
Net Zero and Peak Oil are nonsense
@natgas will help the U.S. win the AI war
The resource base for hydrocarbons in North America is basically infinite for the next couple of decades
Oil and gas producers do better under Democrat administrations
https://podcasts.apple.com/us/podcast/americas-secret-weapon-to-win-the-a-i-war-doomberg/id1715910847?i=1000669605628
I personally don’t believe Peak Oil and Net Zero concepts are nonsense. But fear-mongers are blowing them out of all proportion. In rejecting faulty analysis and extreme opinions, Doomberg provides an excellent service in pointing that out.
The beautiful weather led to our walking through the adjoining park over 18,500 steps total yesterday and today. That’s an average of 4 miles a day. Feeling terrific. I hope to reach my goal of 200 pounds by my next CT scan in four weeks.
Most college games went the way they were expected, except Georgia which so far trails Kentucky 6-3 midway thru 3rd quarter.
Tennessee put up 526 yards in 1st half to Kent State’s 26, lead 65-0 at half. Not sure the last time a team scored 100 in a football game.
Years ago, I watched Florida State and Uni of Miami spring practices. Was about as exciting to watch as some of these games.
Something to consider during this highly contentious political season.
We know there is a radical left and a radical right. “There are good people on both sides” is a divisive argument that purposefully ignores these extremes.
While most of us get triggered at times by what we observe, at the end of the day we are closer to the center than sometimes we think.
Made in Shenzhen.
“Supply chain for this may be completely indigenized – HW Kirin SoC, OLED, etc. Note 5G modem > Qualcomm, something Apple has been trying to build themselves for years and failed so far”
The Huawei Mate XT Ultimate Design is a tri-fold phone with a 10.2-inch screen that folds at two points.
https://www.youtube.com/watch?v=IF2qgRXADOc
https://x.com/thinking_panda/status/1834123528914002342
This study was funded by the U.S. Food and Drug Administration,
COVID-19 mRNA vaccine linked to myocardial scarring in adolescents and young
adults
“One type of COVID-19 vaccine used widely in the U.S. was the messenger ribonucleic acid (mRNA) vaccine, in which a copy of the viral mRNA that encodes a viral protein, such as the SARS-CoV-2 spike protein, is used to trigger a long-lasting immune response.
One of the rare complications of the COVID-19 mRNA vaccine is myocarditis, especially in the pediatric population. Furthermore, cardiac magnetic resonance (CMR) images involving late gadolinium enhancement or LGE are being used increasingly to study the chronic scarring and myocardial injury that occurs in cases of childhood myocarditis.
While the implications and overall prognosis for myocardial injury linked to C-VAM in young patients are unclear, LGE is believed to be associated with a high risk of arrhythmia, heart failure, cardiomyopathy, and even cardiac death”
https://www.thelancet.com/journals/eclinm/article/PIIS2589-5370(24)00388-2/fulltext
https://www.news-medical.net/news/20240911/COVID-19-mRNA-vaccine-linked-to-myocardial-scarring-in-adolescents-and-young-adults.aspx
For those of us who fail to consider the cost of war, this brief video clip taken this week by a friend shows a cemetery in Europe of the Canadian soldiers who died there in WW1.
My friend was the broker who assisted in my boat purchase, and I thought of that as I watched his film. That cemetery was their Time & Space.
AG Merrick Garland delivered an important speech today. He did not have to mention Trump by name but we all knew who he was referring to.
On August 28, I commented here that the country is headed for civil war if there is much more political attacks on the legal system. Since then, Trump’s attacks have escalated.
Tennessee favored by 49 points at home playing Kent State. Not often do you see a team favored by 7 TDs.
There are far too many practice games this year.
Tenn up 65-0 at the half. Ten touchdowns end of game.
Kentucky is playing a terrific game that will cost Georgia its #1 ranking. 13-12 Georgia with 1 min. left.
Alabama rolled today. How about that 17-year old wide receiver!
Scott Jennings, a Trump acolyte, and CNN guest political commentator is under pressure for acting unprofessionally yesterday. I watched the segment live. It’s time for his firing.
During the Trump civil trial, I considered his Trump bias to have fairly balanced the left-wing CNN discussions. I felt the same as he continued in CNN’s discussions regarding the pressure on Biden to quit the race. However, after Harris took over for Biden, Jennings’s concerns about a Trump victory became obvious. At the DNC Convention, his criticisms seemed to get personal. After that, his panelist dialogue has grown increasingly sharp-tongued and unpleasant for viewers. Whenever I saw him speaking in recent days, I turned the channel. Maybe I was tired last night, but I watched the segment that had the other CNN panelists upset with him. As he doubled down on remarks about Haitians eating pets in Ohio, I thought to myself, it’s time he was fired.
We need balanced discussions, and CNN is to be commended after the change in CEO. I very much enjoy Republican and former Trump lawyer David Urban’s presence on these CNN political panels. He stands his ground without being offensive.
BYD is a Warren Buffett backed company
China’s BYD unveils new hybrid tech with a massive 2,000 km range
“With a fully charged battery and a full gasoline tank, vehicles equipped with this system can travel up to 2,100 kilometers (1,250 miles)”
” starting from 99,800 yuan (approximately $13,775)”
https://thetechportal.com/2024/05/29/chinas-byd-unveils-new-hybrid-tech-with-a-massive-2000-km-range/
Who or what is behind a U.S. Sovereign Wealth Fund?
WSJ: https://archive.is/BnnaY
Bloomberg: https://archive.is/YpArd
Wall Street on Parade: https://wallstreetonparade.com/2024/09/intel-boeing-and-u-s-steel-may-hold-the-secrets-to-whats-behind-all-the-talk-of-a-u-s-sovereign-wealth-fund/
A sovereign wealth fund is most likely to be a bank cartel-run Public-Private-Partnership (PPP) that favors the managers, friends, and associates more than the Public. Let’s end all discussions of sovereign wealth funds in the US.
Didn’t we learn that the Strategic Petroleum Reserve and the Carbon Credits were banking cartel deals?
The demise of the Commission on Presidential Debates.
This article highlights the problem that started with the June debate between Trump and Biden.
The networks should end the campaign-directed nonsense and revert to their long-standing agreement. Watching a 90-minute mud-slinging match caters to the prurient interests of reality television viewers. It works as an entertainment production. However, the voters need more.
A structural fault in the Trump-Harris debate was the different time permitted for each speaker. Although the agreement was for equal time, Trump spoke for 42 minutes and 52 seconds, while Harris spoke for 37 minutes and 36 seconds. So, despite the agreement that the mic would be cut when a debater was not to speak, Trump was given the right to speak 22.9% more time than Harris. The network should show a running total of minutes used and cut the final segment by the overage of the agreed-upon total times.
My more serious criticism is that the debaters are not telling the audience what they need to hear, which is the person’s policies. So, the one required debate should be structured so that each debater has 3 minutes to deliver their #1 most important policy proposal, followed by a 90-second rebuttal, followed by the opponent having 3 minutes to present its #1 policy proposal, followed by a 90-second rebuttal. There should be four policy presentations and rebuttal rounds, during which the mics are cut at the elapsed time. The remainder of the debate should be an open-mic forum with minimal host intervention, permitting the opponents to speak at will. The final 15 minutes should be devoted to an independent and impartial fact-checking organization, unaffiliated with the hosts, to list its concerns.
If society is ever going to have a civil discussion, it should be obvious now that we need rules.
Think about Trump’s question, “Are you better off today (under Harris/Biden) than you were four years ago (under his administration)?
I think many people would say they are not. But were they better off after the Trump administration than four years earlier under the Obama administration? Most of the same people would give the same answer i.e., they were worse off under Trump. The issue is that inflation is grinding down the middle class until the point now it’s almost extinct. The purchasing power of the dollar is in continual decline, not just over the past four, eight, and twelve years, but for many generations. Certainly the economy is growing — let’s say that over 100 years the average annual growth of the economy is +3%, but so is inflation. So, if most people are declining from middle class to just getting by or worse, who is winning? If you are a senior corporate executive, your salary and benefits have far surpassed the workers. If you owned residential real estate, your house price grew rapidly. If you were a prudent wealthy investor, your assets also benefitted from inflation. So, the bottom line is that inflation had more to do with your doing better or worse than the administration in power.
Trump’s actions while in office greatly benefitted wealthy people but also caused the government deficits and debts to soar, which led to inflation and job losses. Biden-Harris improved the workers job market but their wages fell behind inflation. Harris, I believe, has the right policies to lift the people back into a middle class by enabling them an easier time to start a business and buy a house. Trump’s policy of restricting access to the southern border will also help the job market, and I expect Harris will adopt that same policy.
Swing State voters were unanimous in naming Harris the debate winner.
Trump and his acolytes can boast he won, but they are fooling themselves.
In my 60 years of watching presidential debates, I honestly have never seen such a masterpiece. Harris seemed to be speaking like she was in one of her rallies, not face-to-face with Trump.
Well, actually, Trump did not say one thing to her face as she had challenged him many times in rallies. He gripped that podium and stared straight ahead as if he feared exploding. She dominated him, and he knew it.
We knew it.
I hope he agrees to a second debate in which the two can have, say, 3 or 4 minutes each time to lay out each of their policies. I’m sure Trump would do better. After all, he couldn’t do worse than last night.
Red Sea shipping still suppressed today.
Shows power of cheap modern missiles & drones vs declining empire.
Admiral Tells the Real Truth About Battling the Houthis in the Red Sea
https://www.youtube.com/watch?v=vuiABhebAfQ
They ran rampant because the Yemeni govt was impotent. At one time they were confined to Al Hudaydah but kept getting Iranian funding and weapons, mostly missiles. Yemeni govt is now not impotent it is non-existent. A division or less of US Marines would have wiped the Houthis off the face of the earth.