Interesting quote for our times:

the additional buying power made available by added debt tends to lead to inflation rather than more finished goods and services. This inflationary tendency is the problem the US has been contending with recently.

Seems like you can’t print your way out of resource and energy limits.

We are subsidizing Canada to the tune of more than 200 Billion Dollars a year.

Translation: Canada buys more stuff from us than we do from them.

Like… why are taxes so hard when the IRS always has all my data?

In some European countries, the government automatically does the taxes and just sends a letter showing the result of the calculation so you have a chance to review the result.

They have all the numbers already…

There is a whole branch of management theory about “narcissistic leadership”.

Narcissistic leaders are not always dysfunctional narcissist personalities…it’s also a style of leadership where the people in charge push their own ideas / agenda and dont really care about other people. Its essentially a leader who is in the job for their own selfish personal gains.

The benefit of narcissistic leaders is that they can be very magnetic people who become very popular. In management schools they basically accept that these people are useful for rallying support.

The danger is that if there is a power vacuum, they often step into top positions where there is no longer oversight / supervision. This is the cardinal rule: you NEVER let these people run anything. NEVER.

Once in a top position, they tend to discard rules, disregard others, do a lot of bad things in secret, sabotage all rivals etc etc, eventually leading to major corruption problems for any organization they head.

You can change the region area view to ‘nino 3.4’, which is a 5-month running trend of the nino area.

Explanation of the nino 3.4 tool is at this page:

https://climatedataguide.ucar.edu/climate-data/nino-sst-indices-nino-12-3-34-4-oni-and-tni

This is one driver of the big disasters like storms, droughts, floods, heat waves and other bad weather that is all being amplified by climate.

The newest month for which there is a full 5-month run would be October/24 which showed a cooling trend, but in the past 60 days it kicked back to a dramatic warming /el nino conditions. Supposedly they forecast a 60% chance of a switch back to neutral conditions in March-April-May.

Under the line graph, there is a small button labelled “show T2 anomaly map”.

If you click that (terrifying) it visualizes how hot the polar regions are getting. Today is about 10-15° above trend.

16" of rain in 8 hours. Wow.

He threw in the towel because the casinos were being investigated for money laundering and the regulations were expected to increase oversight.

They were always a scam just to launder criminal funds.

It is expensive (the most expensive in North America *) because it is low in fossil fuel generation AND uses a lot of renewables with variable production.

The only way to keep the system stable is to rely on fossil fuel generation outside the jurisdiction to offset the peaks and troughs that happen on short time scales.

Ontario actually pays the bordering states to take away excess energy, and they can do it because their gas fired generation can act in seconds to balance supply and demand.

The power EXPORT from the windmills costs the ratepayers in the province over $1B a year…

Similarly, many of the hydro projects rely on seasonal foreign demand. For example BC produces a lot of extra hydro in summer season, and there is air conditioning demand in California during those months. Its not as if the province can hold that water and use it for heating homes during winter.

(* because of unreliable supplies, large consumers like industry can’t actually operate in the province because they cannot get reliable contracts… This is about 1/2 million jobs. This is a big part of how Ontario became a have-not province, actually. I had multiple clients from Ontario’s generating sector who told me that they “did not want” to enter power contracts with penalties around outages, so if a car plant loses power they can lose millions per hour, and the power companies didn’t want to commit to anything. All things equal, big factories can move to Buffalo NY and pay half the price for Ontario energy… )

Basically, it’s expensive because of the costs of remote jurisdiction dependencies and the lack of true self sufficiency.