Jaydee

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  1. Ottawa’s budget watchdog downgrades economic outlook and warns of deeper federal deficits Economic downshift will drive up annual deficit by $1.6 billion — and that’s without campaign promises OTTAWA — Parliament’s budget watchdog is warning of rougher economic waters ahead that will likely send the federal budget deeper into deficit. In a new report this morning, the parliamentary budget office downgrades the country’s economic outlook compared to its projections from June, citing weaker exports because of trade disputes and protectionism. Also factored into the downward economic outlook are spending cuts by Premier Jason Kenney’s government in Alberta. The budget office’s report predicts the economic downshift will drive up the annual deficit by $1.6 billion, on average, through to 2025 — a number that doesn’t include any new policy decisions, or reflect promises made during this fall’s election campaign. The worsened shortfall is the result, the budget office says, of lower tax revenues and higher operating expenses than had been expected. https://business.financialpost.com/news/economy/pbo-forecasts-slower-growth-and-deeper-federal-deficits?utm_medium=Social&utm_source=Facebook#Echobox=1573751037
  2. Fans outraged after CTV's Jess Allen calls hockey fans, “white boys”, “not very nice” and “bullies” And yet Grapes is the one who gets fired!? Talk about a double standard! https://www.hockeyfeed.com/nhl-news/fans-outraged-after-ctv-s-jess-allen-calls-hockey-fans-white-boys-not-very-nice-and-bullies?ref=trevor
  3. Canadian carbon guilt belongs in a parallel universe Planet Canada is internally obsessed with our emissions as though we exist in complete isolation in this world. As the political convulsions within Canada over Alberta’s fossil fuel future unfold, including divisive talk of separation and Wexit, one has to wonder what alternative planet Canadians inhabit. After an election filled with emergency calls to end fossil fuel use within a decade or two, the country that was built on natural resources is now being torn apart over whether to build a pipeline to carry a few driblets of oil through the Trans Mountain pipeline to the West Coast. Driblets is the right word in the context of Planet Earth. Global oil production may already exceed 100 million barrels a day. The additional volume of oil to be delivered through the proposed TMX expansion line — about 600,000 barrels a day — is equivalent to 0.6 per cent of global production. By way of comparison, imagine standing in front of a supermarket aisle of 2,000 cans of beer; proportionately, TMX would add two six-packs. While Planet Earth is cranking out more and more oil and other fossil fuels, Planet Canada is off in another orbit, internally obsessed with carbon emissions as though it exists in complete isolation, as if the future of global energy and emissions somehow depended on what Canada does. No other region is engaging in serious internal battles to curtail production of fossil fuels. In fact, on Planet Earth the opposite trends prevail. A roundup of the latest energy news highlights global developments that are in stark contrast to the Planet Canada quagmire. Africa Few regions illustrate the global reality more than Africa, where government officials see fossil fuels as essential to economic salvation and to development that has long eluded the continent. “Under no circumstances are we going to be apologizing” for expanding and exploiting oil production, said Gabriel Obiang Lima, the energy minister of Equatorial Guinea. The country has big plans to use oil as a foundation for economic growth and jobs. “Anybody out of the continent saying we should not develop those fields, that is criminal,” said the minister at the Africa Oil Week convention last week in Cape Town. He was responding to Extinction Rebellion activists who called delegates to the convention criminals. At the Africa Oil Week conference underway Monday, ministers outlined their determination to move forward with fossil fuel exploration, transportation and refineries. “Why should we import gas from Russia when we can develop it here,” said one minister. The median age across Africa is 19, which means that hundreds of millions of young people will be seeking a better life, one that fossil fuels can deliver. Iran Global conflicts in the Middle East have failed to curb the region as a fossil fuel powerhouse. In the midst of its sanctions battle with the United States, Iran announced the other day that it has discovered a new oil field in the country containing an estimated 53 billion barrels of crude oil. If that number stands up, Iran’s total reserves would jump to more than 200 billion barrels and knock Canada down to fourth place in global oil reserve rankings. Much of Canada’s reserves — estimated at 170 billion barrels — are in more-expensive-to-develop oilsands. While Canada bickers over plans to dribble oil through a pipeline to the west coast, Iran is planning for eventual post-sanction expansion of its ability to export more oil. India Canada boasts that it has reduced coal usage. Other parts of the world, however, continue as major consumers. In India, ambitious plans to turn to renewable energy are overshadowed by the reality that India is home to the world’s largest coal mining company with big expansion objectives. While coal consumption has declined this year, a Brookings study concluded that “coal will remain the dominant fuel for electricity generation in India through 2030 and beyond.” India’s minister of coals and mines said recently that Coal India, the government-owned national producer, aimed to boost output to one billion tonnes a year from about 700 million tonnes currently. China With 1.4 billion people, a large percentage in poverty, China shows no sign of curbing consumption or production of fossil fuels. As the world’s largest coal user, China still continues to expand facilities, despite the country’s alleged commitment to the vague and unenforceable requirements of the Paris climate agreement. Saudi Arabia Canada and other countries supposedly face investor divestment risks as big institutions seek to green-up their portfolios and get rid of fossil fuels. Investors are said to be pulling back from Canada and Alberta, in part because of the overall investment environment. Meanwhile, as Encana leaves Canada, Saudi Arabia is preparing to sell off shares in Aramco, the country’s national oil company. In a release this past weekend, the government outlined elements of an Initial Public Offering. The value of the sale and other details will not be released until December, but if an Aramco share sale does take place it would fly in the face of the growing green investment movement’s attempts to curb the flow of funds into fossil fuel corporations. United States On Monday, Texas reported nearly 20-per-cent year-over-year increases in oil and gas production for August. Alberta oil output increased two per cent in September. Between 2013 and 2018, Texas oil output increased 70 per cent. Alberta oil production during the same period increased 27 per cent. The United States has expanded fossil fuel exports in recent years, a function of deliberate policy moves by a succession of U.S. governments. In summary As Planet Earth charges ahead with fossil fuel expansions, Planet Canada seems to be lost in another universe. https://business.financialpost.com/opinion/terence-corcoran-canadian-carbon-guilt-belongs-in-a-parallel-universe
  4. Kenny lays it on the line to Quebec!! Either accept western oil, or give up equalization. You can’t have it both ways !!1 https://www.facebook.com/kenneyjasont/videos/1187364091448510?sfns=mo
  5. If you are looking for an investment that MIGHT pay off in 5 years or so....(not an investment recommendation by any stretch of the imagination) http://www.rncminerals.com/dumont-project “ The Dumont Nickel-Cobalt Project is one of the world’s largest undeveloped, permitted and shovel ready nickel sulphide deposits. Dumont is a large deposit located near the town of Amos, in the municipalities of Launay and Trécesson, in the established Abitibi mining camp in the mining-friendly Canadian province of Québec. When in production, it is expected to rank among the top-five largest nickel sulphide operations in the world by annual production – only the mining operations at Norilsk (Russia), Jinchuan (China) and Sudbury (Ontario, Canada), will be larger.”
  6. And then there’s also a world wide shortage of nickel “ When most people think about the composition of batteries used in modern electric vehicles such as those produced by Tesla, or the batteries that keep our smartphones powered up, the word Lithium comes to mind. In fact, these batteries are so prevalent in modern life, that the word “lithium-ion” has become a household term. What most do not know, is that lithium-ion batteries are comprised of several metals, or at least the oxides of several metals including cobalt, nickel, and lithium. Each of these metals is in fairly short supply across world markets, mainly because they are extremely hard to extract from the earth as the ore from which they originate contains a relatively low amount of the metals thus requiring hundreds of tons of ore be mined to produce a single ton of metal. Once minded from the earth, the procedures involved in the refining processes are not only highly toxic but are quite damaging to the environment. If those two issues did not complicate things enough, the ore deposits are often found in countries that are wrought with conflict, corruption, and humanitarian issues. “Sarah Maryssael, Tesla’s global supply manager for battery metals, told a closed-door Washington conference of miners, regulators, and lawmakers that the automaker sees a shortage of key EV minerals coming in the near future, according to the sources.” For years now shortages in the lithium supply have caused massive price fluctuations causing consumers to be wary of electric vehicles because they feared a batter replacement might cost them more than their vehicle did originally. Fortunately, that market seems to have stabilized greatly since companies like Tesla and Samsung have increased market demand. At the moment, there seems to be a small surplus of Lithium, causing the market to level out as a result. If producers continue to maintain this surplus is another question altogether. That brings us to the other two metals, nickel, and cobalt. Cobalt is mainly mined in the Democratic Republic of the Congo, a region of significant political instability, but for the most part, the production seems to be steady, with the materials fairly high price remaining mostly stable. Nickel, however, is the secret no one wants to talk about. Despite it being a fairly common, widely used metal, its worldwide production is had been relatively flat for the past several years despite a steady increase in demand. Just in the first half of 2019 alone, nickel prices rose by more than a third, with prices expected to increase even more. Maryssael added, “According to the sources, that Tesla will continue to focus more on nickel, part of a plan by Chief Executive Elon Musk to use less cobalt in battery cathodes. Cobalt is primarily mined in the Democratic Republic of the Congo, and some extraction techniques – especially those using child labor – have made its use deeply unpopular across the battery industry, especially with Musk.” One of the causes for this has been a lack of mine expansion due to environmental concerns, among other political issues. The Sumitomo Metal Mining Company of Japan recently told journalists that they are facing a deficit in production of almost 51,000 tons for the 2019 calendar year. That’s really bad news, as industry analyst expects the worldwide demand for “class-one nickel”, the highest purity grade, to increase by a factor of almost 16-times the demand we are seeing today in 2019. By 2030 industries across the world will consume more than 1.8-million tons, of class-one nickel. This is a much bigger issue than just a lack of batteries for electric vehicles. Nickel is used in a lot of different manufacturing processes. Stainless steel production uses a lot of the available nickel that is produced. Nickel is used as a bonding agent in chrome-plated metals, and it's used heavily in the aerospace industry for exotic metal alloy production. This has led companies like the First Quantum Minerals Ltd in Australia to make plans to reopen mines that have been closed for years. Other mineral companies around the world are pouring hundreds of millions of dollars in exploration looking for new deposits that are mineable, a task which is not as easy as it once was due to new environmental restrictions worldwide. Some analyst are predicting that unless nickel production increases significantly within the next 10-years, demand will greatly outpace production sometime by 2035. If that wasn’t enough Cobalt production could be outpaced by 2030 if a political conflict does not cause production to halt. Sources: https://electrek.co/2019/05/02/tesla-shortage-battery-minerals-nickle-copper-lithium/ https://www.designnews.com/content/nickel-may-be-limiting-material/197252724161308 https://www.element14.com/community/groups/power-management/blog/2019/10/01/could-a-worldwide-nickel-shortage-limit-electric-vehicle-production-before-lithium-shortages
  7. Political elites want to abandon ‘one man, one vote’ and suppress the votes of older people Misguided attempt to improve our supposed political fitness would degrade our political genetic code — youths are the least-qualified voters Most neutral observers agree Canada’s recent election was the most abysmal in recent times. It focused on personal attacks and scandals rather than principles and policies, especially economic ones. It is not as if Canada lacks economic challenges, after a decade-long debt binge, chronically weak business investment, lagging manufacturing exports and stagnant productivity in a rapidly aging society. Instead of responses to these challenges, we got pandering proposals for painless spending cuts and for piling more taxes on those relatively few already shouldering most of the burden. Canadians apparently found none of the party leaders very appealing. Unappetizing leadership choices have become the norm in major Western nations as political parties cannot generate qualified candidates with widespread appeal based on more than their father’s name. The U.S. 2020 election promises to be as uninspiring as the 2016 choice between Donald Trump and Hillary Clinton. The U.K. election currently underway features a firebrand Marxist and a Conservative unable to unite his own family, let alone party. In Italy, a party founded by a comedian won the most votes in 2018, legitimizing buffoonery as a qualification for political leadership. Political elites are increasingly frustrated and intolerant of the workings of democracy. In the U.S., Democrats are still in denial over the 2016 presidential election, needlessly pursuing impeachment when the president they’re about to impeach faces the electorate’s assessment of his fitness for office in less than a year. The businessman and political adviser Alain Minc declared that the Brexit referendum “was the victory of uneducated people over educated people.” Bernard-Henri Lévy, one of France’s leading public commentators, went further in calling Brexit the “victory of the little over the great, of stupidity over the mind.” Unable to admit its own inability to nominate capable leaders with broad appeal, the political class is circulating proposals to subvert our democracy’s basic principle of “one man, one vote.” Former conservative prime minister of France François Fillon declared that young people should have two votes, presumably to ensure the “correct” result of voting down Brexit (a majority of British youths did not actually vote to remain but demonstrated their disinterest by abstaining). In Canada, Broadbent Institute fellow Miles Corak floated a similar proposal to give youth votes more weight. For his part, French geographer Christophe Guilluy, philosopher of the forgotten French “periphery,” imagines a future where youth ballots get a multiple of three, senior managers and professionals a multiple of two and ordinary workers just one. Proposals to abandon “one man, one vote” recall the early 20th-century infatuation with the eugenics movement, which treated groups differently depending on their perceived ability to develop in ways pleasing to the ruling class. Eugenicists believed the gene pool would be improved by sterilizing those deemed unfit to reproduce, based of course on the assessment of “scientific evidence” by political and scientific elites. Today, some elites propose similar undermining of equality, this time by suppressing the votes of older people in a misguided attempt to improve our supposed political fitness. Weighting youth votes more is eugenics in reverse, however: it would degrade our political genetic code. Youths are the least-qualified voters. Their still not fully-formed brains are dominated by the part associated with seeking pleasure. The result is voters swayed by such issues as legalized pot and ensuring easy access to friends on continental Europe. This is hardly a recipe for improved governance over the long term. The idea of privileging some groups in our democracy over others reverses one of the 20th-century’s greatest achievements — the enfranchisement of all people, including the working class, women and non-white voters. The First World War’s senseless slaughter discredited the political and military elite’s privileged claim to power, leading to the emancipation of the masses. Winston Churchill demonstrated the importance of leadership in rallying people to a cause while deferring to their collective judgment. After years of watching its aristocracy and Royal Family sympathize with Germany and appeasement, the British working class was unwilling to make the sacrifices to win the war — not until Churchill became prime minister, that is. His first step was to assure the public that its sacrifices would not be in vain by declaring in terms impossible to misunderstood that his policy was “to wage war” with the sole aim of “victory.” Soon after taking power, Churchill appealed to ordinary people for help in forming the flotilla of small boats that resulted in the miracle of Dunkirk. A year later, in as trenchant a statement of the democratic principle there is, he acknowledged the bargain made with the overwhelmingly lower middle-class flyers who won the Battle of Britain, saying “They have saved this country; they have the right to rule it.” https://business.financialpost.com/opinion/philip-cross-some-political-elites-want-to-abandon-one-man-one-vote-and-suppress-the-votes-of-older-people?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1573646288
  8. The Evolution of what the lowest fares possible will get you.... Plane passenger dangles dirty feet above woman’s face. One traveler is rightfully making a stink about her neighbor's in-flight behavior. Reddit user u/Addian4 shared a photo Sunday from an unidentified woman's uncomfortable plane ride, thanks to an inconsiderate passenger who apparently needs a lesson on proper airplane etiquette. In the picture, the woman looks visibly disgusted as the passenger directly behind her dangles their feet over her headrest, just inches away from her face. (It is not clear which airline the woman was traveling on.) "This is the one thing I am most worried about before getting on a plane," the Reddit user captioned the photo, which was shared on the "mildly infuriating" forum. https://www.usatoday.com/story/travel/news/2019/11/12/plane-passenger-dangles-dirty-feet-above-womans-face/2583543001/
  9. I really wish she would run for the Presidency. This lady talks nothing but COMMON SENSE. “American decisions on immigration policies must always be made by Americans and Americans alone. Only we will decide how best to control our borders and who will be allowed to enter our country,” former U.N. Ambassador Nikki Haley writes in her new book. Former U.S. Ambassador to the U.N. Nikki Haley, in her newly released book, defended the Trump administration's decision to pull out of the United Nations' global migration pact -- arguing that it would have eliminated the distinction between legal and illegal immigration, and sharply questioning its focus on issues like climate change. The U.S. withdrew from the drafting of the U.N.’s Global Compact for Safe, Orderly and Regular Migration in December 2017. The document, which was adopted by the global body a year later in Morocco, saw a host of other countries --including Hungary, Poland, Austria and Israel -- pull out of the compact amid concerns it would hurt nations’ ability to control their borders. TILLERSON DENIES UNDERMINING TRUMP AFTER NIKKI HALEY ALLEGATIONS The accord included 23 objectives for managing migration at "local, national, regional and global levels." But many of those aims are vague, including objectives like: "enhance availability and flexibility of pathways for regular migration" and "address and reduce vulnerabilities in migration." Haley, in “With All Due Respect,” said that speculation that she was pressured into ending U.S. participation was “not true” and then went into detail about her objections to the internationalist document. “The compact grew out of an international statement of principles on migration that had been championed by the Obama administration. The statement was a mess,” she said. "Like so much of our immigration debate today, it attempted to erase all distinctions between illegal and legal immigration.” Haley, the daughter of legal immigrants from India, said that it also blurred the lines between economic or family-based migrants and refugees escaping persecution -- distinctions she argues are “critical.” Video “If we no longer acknowledge a difference between legal and illegal immigration -- and between people who need international protection and those who just want to escape poverty or crime -- we will have a system of completely open immigration,” she wrote. “We will have effectively eliminated our borders. We can never do that.” In the book, she said that while the document was nonbinding and largely symbolic, she first believed the U.S . could change the document's language and direction -- but as the debate went on, realized that wasn’t the case. Instead, she said, the document started turning toward focusing on issues like climate change. “Give me a break,” she said. “Millions of people didn’t flee Syria because of climate change. They fled because chemical bombs were being dropped on their homes by a war-criminal dictator who was clinging to power.” That remark comes just as 2020 presidential hopeful Bernie Sanders released his immigration plan, which calls for pathways to citizenship for those in the country illegally as well as the acceptance of a minimum of 50,000 “climate migrants” in the first year of a Sanders administration. SANDERS IMMIGRATION PLAN: HALT DEPORTATIONS, ABOLISH ICE, WELCOME 50K 'CLIMATE MIGRANTS,' GIVE WELFARE TO ALL “American decisions on immigration policies must always be made by Americans and Americans alone. Only we will decide how best to control our borders and who will be allowed to enter our country,” she said. “The Global Compact on Migration was headed toward creating an international right to migration, which does not exist in international law and is not compatible with U.S. sovereignty.” Elsewhere in the book, Haley accused the left of trying to erase the difference between legal and illegal immigration, and pushing the message that those who want borders are cruel -- and calls it an example of “the divisive politics that is poisoning our public debate.” “What those pushing this argument don’t realize or don’t want to acknowledge is that this kind of polarizing, us-versus-them politics actually hurts those immigrants who want to come to America, work hard, respect our laws, and embrace our principles,” she wrote. “Equating support for immigration with open borders only causes people to oppose immigration." https://www.foxnews.com/politics/haley-un-migration-pact
  10. Californian Fires Caused by....Climate Change....RIGHT ???...........W. R O N G !! Pacific Gas & Electric Co. (PG&E) power lines have caused over 1,500 California wildfires in the last six years, including the deadliest blaze in the state's history. Many critics, including California Gov. Gavin Newsom, accuse PG&E of prioritizing profits over safety measures for decades. Pacific Gas & Electric Co. power lines have caused more than 1,500 California wildfires in the past six years, including the deadliest blaze in the state's history. Many critics, including Gov. Gavin Newsom, have accused PG&E of prioritizing profits over safety measures for decades. The company has filed for bankruptcy, and it recently started cutting power to millions of Californians to keep power lines from sparking in dry, windy conditions. Many Californians think they should never have been faced with the choice between multiday blackouts and deadly fires. Here's what experts say PG&E should have done years ago, from better tree trimming to power-line upgrades. Visit Business Insider's homepage for more stories. Over the past week, the Kincade Fire has torn through nearly 78,000 acres of California wine country, forcing about 180,000 people to evacuate. At the same time, millions have gone without electricity, often for days at a time. https://www.businessinsider.com/pge-caused-california-wildfires-safety-measures-2019-10