John @ johnefrancis @lemmy.ca

Barrhaven denizen

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Joined

2 yr. ago

that's so old it farts dust

"U.S. Credit Rating Downgraded: How Will It Impact Your Investments?"

http://ca.investing.com/analysis/us-credit-rating-downgraded-how-will-it-impact-your-investments-200575853

Having a credit rating on the imaginary debt of the US is ridiculous.

The federal govt doesn't borrow US dollars - it creates US dollars.

It's impossible to default.

good riddance

404

Canada's not as enthusiastic about that military spending because little of that money goes to Canadian companies. Even for things like shipbuilding, the rules are unfavorable to Canadian industry and a lot of the industrial benefits go to US companies. Canada tried to negotiate industrial benefits on the F-35 program, but it didn't go well, and Canada entirely withdrew for many years.

A GOP Senator is just a mouthpiece for US industry, they just want more Canadian spend, they don't GAF about actual defense of Canada.

it was obsolete as a shelter by 1960, it's just buried under a bunch of dirt.

Later shelters like for NORAD in North Bay were deeper, and in hard rock. But they aren't expected to survive a large h-bomb either, and those shelter locations are well known.

seems like it will continue to be slow-rolled. The Conservatives will promise to do both the same, and the opposite.

very recently Industry Canada was trumpeting Canada's advantages in AI. Many key researchers were at Canadian universities, so there was a pretty good R & D lead at one point.

Canada even has a "Scale AI" industrial supercluster.

https://ised-isde.canada.ca/site/global-innovation-clusters/en/innovation-superclusters-initiative-economic-analysis-final-report#4.4

Doesn't really seem to be stimulating much public noise.

30 years of programming and architecture consulting for corporations and this is the most accurate take on it.

https://www.npr.org/sections/thetwo-way/2016/09/13/493739074/50-years-ago-sugar-industry-quietly-paid-scientists-to-point-blame-at-fat

The Nature of Things also had an episode on it.

smells like another attack on sugar substitutes from the sugar industry via the WHO.

Sugar in the quantities that the sugar industry would like to sell is extremely unhealthy.

it's not even CEOs as a class. It's a tiny percentage of the CEOs of the largest companies, and even the richest Canadian CEOs are chump change compared to the "globally wealthy" that have real power. The richest Canadians, who don't work as CEOs, aren't in the top 2000 global wealth.

CEO is a job. Rich people don't have jobs. They make their money by being rich, raking it in under ALL economic scenarios.

option 3 is my choice

it's pointless to throw a long term number out without considering what contributes to it. Canada's growth, population growth, economic growth, and other factors cause the public service to grow. In 2006 - 2015, it also had come through some periods of suppressed growth as the conservatives slashed services provided.

lady on the left: "my cat!!!"