Well we have a negative productivity growth as well at the moment. Hence the BoC ringing the alarm bells. That makes it harder to pay our growing debt load even with spreading it out to more people.
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The cost of homes is mostly land value, which is like 80%-90% in large cities. Because of sprawled zoning, bureaucracy, and greenbelt. Second biggest cost is taxes.
Daylight savings time please. Call it the sleep an extra hour referendum so there’s no ambiguity.
0·15 hours agoWell I mean for corporate use. Everything you use will be through a web browser and all the data will be stored on corporate servers.
Canada has had 0.7% per capita GDP growth since 2015. Which puts us 2nd last only to Luxembourg in all 38 countries of the OECD.
We elected a person who said oil needs to stay in the ground in their book, who wants to grow population at more than 450k a year (1% cap, plus births) to prop up GDP despite the current high unemployment and the severe housing shortage, and who wants to join Germany and the UK in spinning up solar and wind which clearly did not go well for either of them.
https://newsletter.doomberg.com/p/let-ed-run-it
Through that lens I could see how they could be fearful of Canada’s demise, especially if we have another 10 years like the last. Gross government debt also somehow doubled since 2015 as well to achieve this lethargic growth, before subtracting pensions to create the net debt figure the government generally uses.
It will all be Chromebooks and software as a service by then. Unless you work as a SaaS vendor, then it will be automatically orchestrating docker containers.
0·1 day agoEurope broke their own procurement laws in order to choose Microsoft for the cloud, its good that tariffs were enough for them to finally follow their own laws.
0·2 days agoSo cram them into substandard housing because they deserve less rights than animals?
You’re not offering a tangible answer here.
If you had a zoo would you continue bringing in animals if they had no space left to live comfortably?
Likely you would call that inhumane, you wouldnt say they were being intolerant of the new animals if they did not.
we got in this morass because the neoliberal state and its accompanying economy financialized every damn thing
The problem is monetary policy, not deregulation. Deregulation of zoning and housing policy would actually prevent monetary policy from creating such a large housing bubble.
Our Bank of Canada targets a 2% inflation, which means prices need to continuously rise as technology actively reduces goods prices, and we then exclude investments and housing appreciation entirely, and we do hedonic adjustments to discount goods inflation. Then there’s likely an element of shrinkflation, as company find tricks to cheapen products or degrade services, which lead to no inflation in the CPI but higher profits and then lower prices.
So the money supply needs to grow via low interest rates, in order to provide a windfall to boomers to encourage them sell their real estate holdings, to create new bank loans, to increase the money supply, which turns into aggregate demand, in order to create inflation in the CPI.
But we can’t build enough houses due to reverse neo-liberalism, so housing acts as liquidity sponges for cheap debt, and people hold them as investments in perpetuity since they think prices are always going to go up. Also as interest rates fall inflation falls, as interest expense is included in the CPI while housing appreciation is not, its a feedback loop due to its poorly constructed nature. The Bank of Canada now also buys half of all mortgage bonds to attempt to reverse this, so they’re actually printing money in order to cause deflation funnily enough, again due to the absurd way the CPI is constructed.
Give tax credits to companies that help serve content via something like Peertube. They can use their spare capacity.
Use it for CBC as well.
0·2 days agoAI will fix this. Everyone will have nudes of everyone, and nobody will believe anything is real.
Even watching porn will be weird, when you can only assume what youre watching is a computer trying its best to not turn the womens bumhole into a picture of a dog.
Ah I figured the monolithic kernel would make it opposite to the unix philosophy.
Doomberg, the most popular energy market substack poster, has a theory that Trump wanted Carney to win in order to push an east to west pipeline during an Alberta sovereignty crisis. It actually seems to be going all as they predicted, including Trudeau stepping down and Carney then winning the election.
Its a fun theory anyways.
The NDP started as a merger of labor party, saying they are a hero after a decade of abandoning labor seems silly to me. Thats how it ties together.
The NDP who brought us universal healthcare actually fully funded everything via taxes, the current incarnation of the NDP didnt fund a single program they created, meaning it is funded with future austerity with interest and inflation.
Europe doesnt want federated services, they want censorship.
Saying that oil production lowers emissions by displacing coal will be called climate misinformation, saying immigration needs to be lower due to a housing crisis will be called hate speech, using Bitcoin instead of the digital euro will be called terrorist financing. They’re already arresting people who do something as benign as retweet things, its a slippery slope.
Anything you put into your search box in Windows will be used in marketing against you.
You’re also burning lignite coal now, which you take from Africa who is now having blackouts. But it went pretty poorly overall phasing out nuclear for renewables.
https://en.m.wikipedia.org/wiki/Energy_in_Germany