Housing Bust?

Gradually Then Suddenly It's Probably Nothing Little Known Facts No Comments

In the recent past, variable rate mortgages were seen as a sweet deal when interest rates were falling. Not so much now that they are going the other way.

As borrowing costs began to rise, many variable-rate-fixed-payment-mortgage holders made lump-sum payments or locked in their rate when it came time to renew to avoid the worst of the increase. But Mendes said those who didn’t take such steps could be staring at an increase of 50 per cent in their payments this fall and winter.

Well, at least Canada isn’t Paraguay. At least not yet.

 

What Did Canadians Drive Before Horses?

Alternative Subsidy New Governor The Libranos 11 Comments

Automobiles.

The largest investment by Quebec taxpayers in the battery sector is at risk. Nemaska Lithium, a project that received 1.2 billion dollars in public funds, is likely to lack funding to continue the construction of its Bécancour plant.

According to information obtained by our Bureau of Investigation, workers have left the construction site in the Trois-Rivières region in the last few days.

“We are starting to close construction activities and demobilize contractors,” says a source familiar with the matter. […]

The largest shareholder of Nemaska Lithium is the Australian-British company Rio Tinto, which owns more than 53.9% of the project.

Behind the scenes, Rio Tinto recently raised doubts about its ability to continue to finance the construction of the plant in 2027 and 2028.

“There is still 12 months of work and $500 million to be injected into the construction for the plant to be completed,” says one informant.

Another win for our strategic partner.

Internet Of Things

Tech 11 Comments

Placing critical infrastructure on a system that can be accessed from halfway around the globe seemed like a good idea at the time. If you’re a moron.

A cyberattack targeting three French blood banks attempted to raise the storage temperature of donated blood to “extremely high levels,” but the attack was thwarted before any lasting damage set in.

This latest attack comes after a wave of cyberattacks targeting banking institutions and food refrigeration systems in grocery stores in France and other countries around the world.

The French Blood Establishment (EFS) acknowledged the attack on Tuesday, saying three of its biobanks were the victims of a cybersecurity incident that targeted its monitoring and control systems for its cold storage rooms.

What Happened Yesterday in America?

47 Baiting The Left Baiting the Right 40 Comments

I find these numbers very insightful:

Reference

Finally, if a majority of American voters believe that socialism or communism is their shining path to a better future, they will be sorely mistaken. While today is a very sad one for yours truly and others, the idea that things will never turn around is nonsense. Ironically, we can look at the recent election in British Columbia for proof positive of brighter times ahead.

Update: JD Vance published this mea culpa.

We Don’t Need No Stinking Giant Fans

Alternative Subsidy 19 Comments

WUWT;

Few Indian states received as much international praise for its renewable energy as Tamil Nadu. In 2018, the World Economic Forum recognized the state for generating more wind power than Sweden or Denmark, the Scandinavian countries that climate activists hold up as models.

Wind accounted for more than 28% of Tamil Nadu’s installed generating capacity, well ahead of Gujarat’s 19%. Today, Gujarat, Tamil Nadu and Karnataka lead India in wind installations, with Gujarat and Tamil Nadu alone holding nearly half the national total.

Now look at what that reputation buys in October 2026.

Tamil Nadu has signed the costliest power purchase deals in the country to keep the lights on during evening hours. The state confirmed it will buy 1,500 megawatts for six peak hours every day from October 15 to 31, mostly from natural gas plants at a cost of about $527,000 a day. Those emergency rates run six to seven times higher than an existing contract for thermal power and nearly double the rate being paid by a neighboring state.

Safe And Effective®

Children R Our Future Safe and Effective 7 Comments

Via Paul Oosterhuis: As an anaesthetist, the very last thing you want is an additional risk of anaphylaxis, fever, or death for the child ( or adult ) under your care.

Independent journalist Jon Fleetwood reports that some of the largest and best-known pediatric hospitals in the United States are vaccinating thousands of children while under anesthesia for surgical procedures.

Children’s Hospital of Philadelphia – widely and unironically known as “CHOP” – has reportedly instituted a program called “Close Your Eyes, We’ll Immunize.” It involves administering flu shots to children while they are anesthetized in the operating room. Reportedly, over 2,000 children have been vaccinated for influenza while under anesthesia for surgery at CHOP. Furthermore, those responsible at CHOP are reportedly considering adding mRNA-based Covid-19 and RSV shots to the mix.

Fleetwood reports that another major American pediatric center, Children’s Hospital of Colorado (less graphically abbreviated as “CHCO”) has even outperformed CHOP in this outrage, having reportedly vaccinated over 18,000 children while under anesthesia for surgery. […]

The last thing any competent and caring surgeon, scrub nurse, or anesthesiologist wants during surgery is a wild card in play. Any unnecessary risk factor that can cause harm to the patient or create confusion during the perioperative period is forbidden.

Unless, apparently, it’s a vaccine, and you’re an anesthesiologist at CHOP or CHCO.

How can vaccinating a child in the operating room cause harm perioperatively? Let us count the ways.

Best drilling rig count in years for Saskatchewan

Drill, Baby, Drill 6 Comments

Highest drilling rig count in Saskatchewan for several years seen Nov. 3.

WCS WTF???

Jim Warren: Differential differences: How online oil price publishers come up with vastly different WCS crude prices and why it matters

Last month when I finished with Bray I realized that there is now a wide divergence in the reported Western Canadian Select prices, depending on which site you look at. I asked columnist Jim Warren to look into it, and he spent the better part of the month on it. It turns out there are significant differences, and implications. A narrow majority of the insiders he spoke to says BNN Bloomberg is the price to follow, and that’s got huge policy implications for Canada, Saskatchewan and Alberta. That’s because it’s showing an enormous differential to WTI.

Example: Late Monday night

  • BNN Bloomberg WCS US$63.22      (WTI 96.95)
  • Oilprice.com WCS       US$91.77        (WTI 97.46)
  • AlbertaOil.ca WCS     US$81.36         (WTI 97.36)
  • EnergyNow.ca WCS   US$71.26        (WTI 97.07)

If you look at the other ones, you’ll think the differential is not a big deal. If you look at Bloomberg, it’s an enormous deal for the province’s finances. So, what is reality?

This has huge implications on the need to build a pipeline to the West Coast.

 

Expressing Their Values In A Heartwarming Way

Forward! Our Diversities Persuasion 3 Comments

On the John Lewis department store’s misjudged Christmas advert:

It does rather suggest a gulf between, on the one hand, progressively-inclined John Lewis management and progressively-inclined London ad executives who think that sneaking trans flags into Christmas adverts watched by children is terribly clever – and on the other hand, actual John Lewis customers and the general public.

We’ve been here before, of course. When customers were expected to find charming the thought of their homes being trashed by a selfish, vamping, cross-dressing child.

And then there was the attempt to endear customers by announcing, very proudly, that they employ middle-aged transvestites with whipping fetishes because doing so results in “a better connection to our customers.” Thanks to these “identities we share.”

I kid you not.

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