BOB

Investor and teacher

[National Post @nationalpost]

Accused Toronto shooter was free despite torture conviction, alleged gun smuggling indictment https://t.co/jJYfqHK2aV

[Yuan Yi Zhu @yuanyi_z]

In the paper, which I co-authored with @GeoffSigalet (UBC) and @SunKerry (Oxford), we discuss the ways in which the Supreme Court of Canada has used the Canadian Charter of Rights and Freedoms to undermine the country's constitutional architecture. https://t.co/CrnFyrim7c

[Toronto Sun @TheTorontoSun]

From @brianlilley: Canadian manufacturers moving south as Mark Carney fails to deliver on trade
https://t.co/3klS2uKpQ8

[The Food Professor @FoodProfessor]

Gordie Howe Bridge.

Looks like PM Carney ultimately conceded, and President Trump got much of what he wanted. Here's U.S. Ambassador Pete Hoekstra on The Food Professor Podcast explaining why Canada ultimately had to make concessions.

[Mark McQueen @markrmcqueen]

Justice Kevin Loo was appointed to the bench in 2022 by David Lametti, former @liberal_party Minister of Justice and Attorney General. Loo had been a Partner at Nathanson, Schachter & Thompson LLP, where he specialized in commercial litigation, bankruptcy and insolvency.

[Bloomberg @business]

Canadians support Mark Carney’s management of the economy, even though he’s presided over the worst first year of growth for a prime minister since at least 1963, a poll showed. https://t.co/XtHIBvReFl

[People's Daily, China @PDChina]

China achieved its first-ever controlled recovery of a launch vehicle’s first stage, as the first stage of its Long March 10B carrier rocket launched on Friday was successfully captured on a seaborne platform via a net-capture system, which also marked the world’s first net-based recovery of a launch vehicle.

[Kerry-Lynne Findlay @KerryLynneFindl]

It's not a "tanker ban." It's an NDP economic blockade.

Foreign ships still sail freely along B.C.'s northern coast.

The only thing being blocked is our prosperity, while doing absolutely nothing to protect the environment.

[S Sebag Montefiore @simonmontefiore]

The gift of guns - often goldplated and engraved - are the totems of macho Mafia autocratic Caesarism that is on the rise even in the West.

This gift from Erdogan to acquiesant Nato leaders signals how power is won and kept, trolling the West with its own moral hipocrisy ….

[Matina Stevis-Gridneff @MatinaStevis]

"PM Carney’s flagship investment agency delivered a blunt message to UAE officials looking to pour billions into Canada: we have nowhere to put your money."
Insightful scoop by @IlyaGridneff on how hard it is to get capital into projects in Canada
Gift https://t.co/fDXNkMQHg5

[Michael Pettis @michaelxpettis]

Bloomberg: Since Bretton Woods cemented the global dominance of the dollar in 1944, "Americans and the world have been arguing about it. Some US analysts worry about losing that status; a few think it’s not worth all the trouble. Plenty of non-Americans resent the dollar’s dominance; no one can put forward a better alternative."

Count me among those who thinks US dollar dominance is definitely not worth the trouble, but who also believe that its dominance will remain as long as the US is wiling (and credibly able), for political reasons, to embrace an overvalued dollar that sacrifices the interest of its manufacturers, workers and middle classes for the benefit of Wall Street, the US foreign affairs establishment, and mercantilist economies that need to acquire foreign assets to balance their trade surpluses.
https://t.co/vuSKHkMoG6

[Michael Pettis @michaelxpettis]

SCMP: "Reindustrialising “is far more difficult than it was 30 years ago”, said Jean-Herve Lorenzi, president of Le Cercle des economistes. “If we had each defended our own countries’ interests more back then, it would have worked out better.”"
https://t.co/oGgFlwYzCs

[Michael Pettis @michaelxpettis]

I figured this would eventually happen, but not as quickly as it seems to be happening and, for this, Paul Krugman should get credit. For years mainstream economists were unable to understand how trade and globalization work because they were locked into trade models that implicitly assumed that trade was balanced (except, occasionally, over short time periods) and that capital flowed towards its most productive use. That is why their understanding of trade had no relevance to the actual world of trade that emerged in the 1970s and 1980s.

But this couldn't last. As the problem of unbalanced trade became more obvious , and as policymakers were increasingly forced to ignore the advice of their economists and respond to real problems, mainstream economists would eventually begin to recognize how, in an unevenly globalized world, countries that aggressively intervene in their domestic economies and externalize the costs through trade surpluses are also effectively intervening in the domestic economies of countries that supposedly remain committed to "free trade".

Most economists still don't understand trade. But with Krugman now acknowledging that tariffs and other forms of trade intervention can be expansionary under some conditions and contractionary under others (as Ragnar Nurkse explained as long ago as in his 1944 book), I suspect that younger economists will develop a completely different understanding of trade, and one that is perhaps a little more realistic.

[ian bremmer @ianbremmer]

are ai chatbots politically biased?
what the washington post found from testing:

[Ian Brodie @irbrodie]

There seems to be a news media consensus that police investigations of an international terror campaign to intimidate Jews and US diplomats in Toronto is a one day story.

[Ben Mulroney @BenMulroney]

I fixed the headline: “Indigenous woman and her son, denied justice because of the race of her killer.”

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

This is known as LOSING A WAR

[tobi lutke @tobi]

These bills, along with C-22 and C-9 constitute a total erosion in Canada’s basic liberties. They interlock into making Canada essentially unviable for those with choices on where to build.

[Tristin Hopper @TristinHopper]

Oh man, it's worse than I thought. https://t.co/KUguklsk0M

[Tristin Hopper @TristinHopper]

I've said this before, but Mark Carney is a pitch-perfect Third World political leader. Randomly parachuting into the top job in his home country despite no prior political experience. Spending disproportionate amounts of time in Europe. Grand, unrealistic schemes with no chance of success.