OLIVER: Climate change alarmists seriously harm the economy | Toronto Sun

Prime Minister Justin Trudeau signs the Paris Agreement on climate change during a ceremony at the United Nations headquarters in New York on April 22, 2016.Sean Kilpatrick / Canadian Press

Canada’s energy industry is in crisis mode. Our economy stands to lose over $45 billion annually due to the massive discount at which we sell oil to the U.S. because governments and environmental activists have blocked the construction of pipelines to tidewater.

Their opposition is based on a profound belief that we must rapidly reduce our dependency on Greenhouse Gas (GHG) emitting fossil fuels or climate change will inflict irreparable harm to life on the planet. However, that belief is at best grossly exaggerated or simply false.

Dire prophesies about climate change have failed to materialize. Eleven years ago the World Wildlife Fund warned we had five years to save the world from catastrophic climate change. Seven years ago, the International Energy Agency predicted there were five years left.

POILIEVRE: Trudeau admits budget will never balance itself | Toronto Sun

Prime Minister Justin Trudeau looks on during an interview at the Canadian Embassy in Paris on Nov. 12, 2018.AFP/Getty Images

BY PIERRE POILIEVRE

No one was surprised last week when Finance Minister Bill Morneau’s fall economic update shattered Liberal promises to balance the budget in 2019.

Under Prime Minister Justin Trudeau, the cost of government has already grown 22% in three years — almost three times faster than inflation and population growth combined.

But there was something new and surprising. Up until now, Finance Canada’s official projection was that deficits would continue until 2045, at which point another $450 billion will have been added to the national debt.

That was bad enough. But that commitment was nowhere to be found in the fall economic statement and Trudeau refused to answer many questions about when the deficit would be eliminated.

Minister of Finance Bill Morneau walks with Prime Minister Justin Trudeau, right, before tabling the budget in the House of Commons on Parliament Hill in Ottawa on Feb. 27, 2018. Justin Tang / The Canadian Press

He is effectively admitting the deficit should continue every year … forever. So we have gone from “the budget will balance itself” to the “budget will never balance at all.”

GM Plans More Than 14,000 Job Cuts, Seven Factory Closings | Bloomberg

General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles.

Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don’t come up with an agreement to allocate more work to those facilities, GM said in a statement Monday. Another two will close outside North America. The Detroit-based company’s shares surged on the plan, which includes abandoning some of its slower-selling sedan models.

General Motors Co.'s Detroit-Hamtramck Assembly plant in Detroit, Michigan.Photographer: Jeff Kowalsky/Bloomberg

Barter to Bitcoin and the Future | Shivendra Misra

Money. Money is what we all want. Money is what we all need. Money decides how we live. Money decides what food we eat.

But, in our busy lives, have we ever thought about what money is actually?

The 10 dollar bill that you have in your pocket, the gold ring that you’re wearing in your hand, or the plastic card in your wallet?

“All money is a matter of belief” — Adam Smith

While money seems so common today, humanity did not start with money. As we all know, we started with barter. People used to take what they want by giving what the other person wants. In basic economic theory, we call this “double-coincidence of wants.“

Double Coincidence of wants

But soon, people figured out that the system is flawed. They would not always find someone who has what they want and is also willing to take what they have. Plus, there were other problems like portability and divisibility — a cow is not very portable and cannot be divided into smaller pieces to buy anything.

Big oil in troubles | Medium

From WHMP / clipart.com

It should be noted that Big Oil is perhaps the most feared and respected industry in history. Oil is heating up the planet, but this hardly affects its use. In fact, oil fuels the most politically volatile regions of the world. During the last century, oil has dominated our economy and our politics. Oil is power.

Likewise, technology is about to undo a century of the political and economic dominance of oil. Being that Big Oil will be reduced in the next decade by a combination of applications for smartphones, long-life batteries, and simpler gears. Consequently, as usual, the new technology, the cancellation will occur much faster than anyone believes.

In order to obtain a greater understanding, it is necessary to deepen as to why Big Oil is in a much weaker position than anybody realizes. To do this, we have to look more closely at the oil axis in our lives: the internal combustion engine and the modern powertrain engine.

Eventually, the parts in the combustion vehicles wear out and fail. Examples are leaks in oil plugs. Worn belts. The transmissions take over. Coupled with this, there may be more problems.

List of most common vehicle repairs of 2015

Concern in investors due to signs of shady stocks that continue to accumulate | Bloomberg

Concern grows in investors due to signs of gloomy stocks that continue to accumulate as Wall Street considers the likelihood of a recession. And is that after nine turbulent weeks plus correction in US stocks, cause questions. Thus, for analysts, the question arises: What does the market say about the economy?

It should be noted that from the rise of defensive industries to the unforeseen madness by companies that resist volatility, stocks are proceeding in a way that has predicted the slowdown of the increase in the past. Meanwhile, there are those who see the sale as healthy after 10 years of profit. But with a burning of the trade war and the Federal Reserve set out to raise interest rates again. Therefore, the number of researchers who are willing to mention the possibility is increasing.

Data to consider

Terence Corcoran: The Liberal government's meddling in media independence has just begun | Financial Post

Under the proposals, government is involved in deciding which journalists or news organizations will receive special treatment, tax breaks, charitable status.Getty Images

If we look at history, a free press has meant the freedom of government intervention. In addition to anyone who can be similar. On Wednesday, Finance Minister Bill Morneau presented a series of proposals. They are intended to rescue journalists, in fact, claim to be consistent with this fundamental principle. However, he said with regard to measures “arm’s-length and independent of the government.” despite this, they are not.

Some people think that this represents a step backward for Canadian journalism. And because of such a proposal, the government would really be an influence and be directly involved. In deciding which journalists or news organizations will receive special treatment, tax exemptions, charitable status. In fact, it will generate more dependence on the government and not independence. That is partly due to the amount of federal money that is transferred directly to the news and to journalism. Being that it could exceed $ 600 million.

Falseness in his speech