undercrust

@[email protected]

This profile is from a federated server and may be incomplete. Browse more on the original instance.

undercrust,

BREAKING: Habitual liars lie to public! More at 11!

undercrust,

In Canada those are Muskoka chairs

undercrust,

Hey guys I found the straight white cis guy who doesn’t believe he’s got privilege

undercrust,

Yeah, it’s truly fantastic that they’re aggressively rolling this out to whom it’s most needed, first.

undercrust,

LOL, cause it worked so well for pot stocks

undercrust,

I hear lying on AM Radio is a prerequisite for any Conservative party leadership these days

undercrust, (edited )

The UCP government removed a cap on private insurance premium increases during their last term, saying that the Alberta NDP’s cap on insurance premiums would harm the province’s competition for pricing for insurance.

Since the time the UCP removed that premium cap that the Alberta NDP had put in place, most people have seen their car insurance premiums jump to 150% - 200% of what it had previously been, and home insurance premiums have been rising more sharply as well.

Sure am glad the UCP protected those corporate profits instead of their constituents.

undercrust,

Wow, this is truly pathetic. These assholes sure are massively successful in one regard: Absolutely NOBODY can present themselves as so worthlessly stupid with almost no effort like the UCP MLAs can.

[Article] Google to pay $100M a year to Canadian news publishers (www.cp24.com)

Google hits a paywall. On the heels of a deal struck last week between Ottawa and Google, the search behemoth will pay Canadian news publishers $100 million/year for the privilege of hosting their content. Is that a win for Ottawa? Well, on one hand, Canada is now one of the first countries to compel digital platforms to pay...

undercrust,

Google?

undercrust,

Yeah, but this $100MM from Google is directly linked to C-18, which links the payments to full-time journalists employed.

So, while I don’t love that it’ll help a company like Bell’s bottom line because it offsets journalist salaries at CTV, and I definitely dislike that the PostMedia and TorStar billionaire owners will undoubtedly just pass through all their journalist subsidies to personal profit, I do like that it will help pay for journalists at the CBC and other editorially or financially independent news sources.

So, not all sunshine in this whole C18 / Google story, but what does all that actually have to do with telcos not building infrastructure?

undercrust,

Well, consider that prior to this, Google was paying $0 to support the journalists who were driving web traffic to Google News / Search (besides paying them in exposure, of course), thereby not generating ad revenue for the actual news outlets directly. Meanwhile, Canadian tax dollars were subsidizing journalists’ salaries.

Now, Google is supporting newsrooms by being forced through C-18 to pay for the news they’re disseminating (and profiting from) to the tune of $100MM next year. That’s $100MM in the Canadian Federal Budget that’s freed up for other use (or savings).

So, not all bad. It’s imperfect legislation, but it appears that the desired outcome of this aspect of C-18 has at least partially come to fruition.

undercrust,

Honest question: with this level of complete insanity in a legal filing, what are the chances that a deranged sov cit who has somehow passed the bar, is disbarred? Surely a point blank refusal to acknowledge the authority of the legal system is grounds?

I mean, if the law doesn’t apply to anyone who says the magic words in the right order, then this person shouldn’t be too upset they’re being removed from representing that legal system, right?

undercrust,

Provisions for credit losses (PCLs). Not bad loans.

One is permanently impaired capital.

The other is a discretionary accounting technique that helps “manage” bank earnings / earnings expectations.

PCLs are a great way for the banks to influence outside forces by adjusting real profits to artificially show lower profits or even losses.

Say, if a government was considering…a windfall tax on excess profits…? Sure would be handy not to have them profits anymore.

undercrust,

Yeah, it’s a deferred accounting technique that’s similar to the idea behind accounts payable / receivable.

For revenue due in the future, you book in a “sale” to accounts receivable, and then record the profit when the sale is delivered (in full or proportionally). That future loan revenue is an asset held by the bank until its actually received from the client and converted to current cash flow.

PCLs are effectively an offset to accounts receivable. I think it’s technically a negative asset and not a liability, but that’s not important. If everything goes right with a loan, the bank receives interest payable and the original principal. That was all logged as an expected receivable by the bank. When the bank chooses to believe more people will have difficulty paying their loans back, the bank increases PCLs to reduce the “expectation of owed income”. The idea is that the PCL figure is supposed to both be a backward-looking indicator of good loan creation behaviour at the banks, and a forward-looking signal to government or shareholders about a pending problem that the bank has identified.

Usually what actually winds up happening is the banks create too-high PCLs, which then are reversed later, magically re-creating those assets & profits in a future reporting period.

So, while PCLs are an important part of IFRS accounting for the finance sector, they also introduce a LOT of ability for banking executives to “manage” their overall level of taxable earnings. For example, if you don’t want to show huge earnings at a particular calendar year-end because of a proposed windfall tax on the banking sector…

undercrust,

Shit policy idea. Banning things never works. Please see all of history as evidence.

Increase taxes on nicotine ten-fold if it’s so important. Use taxes in part to ensure that the amount of smokes that fall off the back of trucks doesn’t spike. That’s about as good as you’re gonna get to influence anyone who’s addicted.

undercrust,

Always convenient how these biased ‘opinion’ writers forget that these problems existed well before the Liberals were in power, and that their buddies in the CPC didn’t do fuck all about it in their tenure either.

Backwards looking blame as always. Boring writing.

undercrust,

Because it is politically convenient for him to be a purposefully underinformed shitbird.

Little PP sucks at doing anything consequential, so the only space he can occupy is that of a whiny child screaming for ice cream.

undercrust,

Bah, that’s a double-decker butter sandwich.

A toast sandwich is a piece of dry toast between two other pieces of bread, toasted or otherwise.

Savages.

undercrust,

These old guard Reformers need to hurry up and start feeding the worms already. Fuck off, Preston.

undercrust,

That’s because McDonalds bought the coffee roasting company that was formerly used by Tim’s. New McDs coffee is literally original Tim’s coffee.

Tim’s new coffee is awful and hardly worth drinking. Same as their now-reheated-from-frozen garbage donuts.

undercrust,

The residential heating oil concessions represent a miniscule amount of the total carbon taxes while maximizing carbon emission reduction intensity.

It’s a good trade-off, although their messaging on why the change happened was sloppy. Keeping the tax as is and avoiding this debacle, and then further enhancing the incentives to change would have been my preferred method.

undercrust,

Eh, I don’t think there’s much of an argument for UBI to not be means-tested. If it’s meant to be a basic support so that people can maintain dignity through their most difficult time, I doubt you’re seeing people choosing early retirement. Besides, OAS and GIS are already means-tested basic income for seniors.

As for big inflationary force? Maybe? But the idea that lifting a limited portion of the population out of the worst of financial circumstances will cause problematic inflation is pretty laughable. Economists still don’t know what actually causes inflation, apart from the expectation of inflation.

undercrust,

The very literal Energy Transition policy of the clown car occupants that make up Alberta’s UCP government.

undercrust,

Because Danielle Smith and Scott Moe are horrible human beings actively gaslighting Canadians towards supporting terrible policy, and rational people can see right through that shit and hate everything about it?

Just a guess.

undercrust,

Gee, I wonder if this has anything to do with the CPC not taking a strong public stance against political violence and vigilantism? Maybe the fragile losers in the “Fuck Trudeau” flag waving crowd shouldn’t have had their paper-thin egos stroked quite so hard?

undercrust,

Him and Danielle Smith, neck and neck on their race to the bottom.

undercrust, (edited )

Once again, massive swinging dick Bernie Sanders is one of the few bold enough to actually spit truth, no matter how much shit he catches for it.

undercrust,

Guess we better institute rent controls first then

undercrust,

Always a good time when the media exploits or abuses the public’s lack of understanding on how statistics work.

undercrust,

The Western Standard is a far-right tabloid written by and for a bunch of raging cunts who refuse to mind their own business.

undercrust,

Unsurprising behaviour from the political party that just can’t help but accuse everyone else of pushing a hidden agenda, all while refusing to be open and accountable, picking dumb fights countrywide, and funding a secret “War Room” whose biggest success so far has been promoting an animated Netflix movie by accident.

UCP are clowns. UCP voters are either actively hateful or just dumb as fuck.

undercrust,

It was ‘Bigfoot Family’. It was about as good as you might guess from that title…

undercrust,

Titanfall 2 might fit that scenario the best. Great story but easily payable, lots of quick action, not crazy long and pretty much on rails unless you’re a collectible completionist.

Premier Smith says Alberta preparing Sovereignty Act motion over federal emissions plans (www.cbc.ca)

Hours after the operators of the province’s power grid warned that new federal electricity regulations could lead to blackouts, Alberta Premier Danielle Smith said her government is preparing for the possibility of enacting her signature legislation in an effort to push back against Ottawa’s planned emissions reductions....

undercrust,

Great, can’t wait for our province to waste more money on unwinnable arguments

undercrust,

Does anyone know if the notwithstanding clause has actually been used to do anything other than prop up racism and hatred?

postnews, to worldnews

#lemmy why I'm getting banned just by posting #rebelnews report about #1MillionMarch4Children @worldnews

Please don't ban this account!

undercrust,

Probably because Rebel News is well known right-wing propaganda outlet run by a racist fuckface with a tenuous grip on reality, when they aren’t just outright lying.

undercrust,

Top-Secret security clearances should be mandatory for all party leaders and deputy leaders.

Pierre Poilievre is a coward.

undercrust,

Can’t wait for another round of the entire country ridiculing this bullshit that our AM Radio Host premier is pulling out of her ass. Always fun to be the butt of jokes.

undercrust,

Never seen this template before; what show is this?

undercrust,

Its landlords - so non-principal residences - and invested in real estate as in ownership of REITs or private real estate corporations.

So, nothing at all to do with principal residences, which is pretty amazingly clear when you click the link and read the article.

undercrust,

I’m confused. Are you saying that no one should own a home?

The whole purpose of this is to identify those politicians that have a conflict of interest in making decisions regarding primary housing for Canadians.

Investment property owners (non-principal properties) have a conflict of interest because they may not want to make new rules that would affect taxation of income or capital, institute rent controls, or adversely impact current property values.

Those invested in REITs or REOCs have a conflict because they may not want to affect the beneficial tax structure of REITs (flow-thru Trusts), nor limit the investment opportunities to non-residential properties (as right now multifamily and apartment REITs are wildly profitable and a major source of urban centre rent inflation).

Those “invested” in just their primary residence and who are not landlords or real estate investors have (nearly all) of their incentives properly aligned with the goals of normal Canadians who just want to own their own home. Like all home owners, they may not want to see market prices decline, but ultimately most homeowners just want a place to call their own and to not see money go down the black hole of rent.

Why won't the leader of the CPC get a security clearance????

Why does the leader of the Conservative Party of Canada refuse to get a security clearance to see classified documents. He is the first to scream about being left out, but this is entirely up to him. I suspect there is something that would prevent him from getting a security clearance and he does not want us to know. Or perhaps...

undercrust,

Its a purposeful choice. This way PP gets to scream about government secrets to his sycophants. If he went and did the right thing, he would both be properly informed and unable to constantly spew conspiracies.

undercrust,

Fuck that, WestJet is owned by a private equity firm now. Let their billionaire owner deal with it and quit begging for government handouts. Bootstraps and all that.

undercrust,

Ban AirBNB? Sounds like a pretty simple plan to abolish illegal undocumented hotel rooms.

undercrust,

That’s your perineal raphe. In the womb everyone starts female, and that particular feature either becomes the scrotal/penile raphe (the scrotum seam) or the labia majora.

undercrust,

Is there a similar list (or same?) for if I want to fill in the spaces between the core films Ep2 -> Ep3, and Ep3 -> Ep4?

undercrust,

I think the most impressive thing about this is that they were able to travel a year into the future to obtain the survey data.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • uselessserver093
  • Food
  • aaaaaaacccccccce
  • test
  • CafeMeta
  • testmag
  • MUD
  • RhythmGameZone
  • RSS
  • dabs
  • KamenRider
  • TheResearchGuardian
  • KbinCafe
  • Socialism
  • oklahoma
  • SuperSentai
  • feritale
  • All magazines