‘Moral Hazard on Steroids’: The Investor Who Called the Big Short Says Carney’s Condo Bailout Is Worse Than 2008 Subprime Fiasco

‘Moral Hazard on Steroids’: The Investor Who Called the Big Short Says Carney’s Condo Bailout Is Worse Than 2008 Subprime Fiasco

VANCOUVER — Marc Cohodes built his name and his fortune betting against frauds, from small public companies to the American subprime-mortgage machine that collapsed in 2008. This week, he returned to The Bureau with a blunt verdict on Prime Minister Mark Carney’s plan to spend up to $3.2 billion absorbing Vancouver’s unsold condominiums: he has seen this movie before, and this version is worse.

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AI models that can take down governments and business months away, rare Five Eyes statement warns

AI models that can take down governments and business months away, rare Five Eyes statement warns

Powerful AI models capable of taking down governments and businesses are mere months away, cyber intelligence agencies for the Five Eyes have warned in a rare joint statement, urging leaders to “act now”.

The surprising public intervention by signals agencies for Australia, the US, the UK, New Zealand and Canada comes after the Trump administration earlier this month decided to block “foreign nationals” from using a much-hyped AI model built by tech company Anthropic, called Fable.

The statement, issued late Monday night Sydney time, said while AI “would help us improve cyber defence over time, it also accelerates the speed, scale, and sophistication of cyber threats”.

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Canada tells Chinese automakers to ‘build where you sell’ when it comes to electric vehicles

Canada tells Chinese automakers to ‘build where you sell’ when it comes to electric vehicles

TOKYO, Japan – Industry Minister Melanie Joly said she has made it clear to four Chinese electric vehicle makers that getting more access to the Canadian market will require them to “build where you sell.”

But as she courts Chinese EV manufacturers to build another lifeline for the domestic auto industry as it buckles under the uncertainty of the CUSMA review, Japanese auto manufacturers are voicing concerns about the federal government’s embrace of their biggest regional competitor.


Canada will die but at least Joly can work the pole as a fallback.

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Montreal shooting: the suspect Seth Hatfield left behind a manifesto attacking women, capitalism and Jews

Montreal shooting: the suspect Seth Hatfield left behind a manifesto attacking women, capitalism and Jews

NB – Google Translate: The man who opened fire in Montreal on Monday left behind a delusional manifesto in which he attacks women and Western capitalist society.

“Be steadfast, move forward, and KILL THEM ALL!” wrote Seth Hatfield in conclusion to his 104-page document. The text was being thoroughly analyzed by police on Monday, in the hours following the tragedy that left three dead.

It is unclear who the young man is proposing to kill. According to our sources, Hatfield has been driving from Alberta in recent days. Investigators believe he espouses an ideology similar to that of involuntary celibates, or “incels.”

In his lengthy text, which our investigative team was able to consult, he deplores “the state of affairs regarding young people (approximately under 30 years old) who live in highly developed Western countries.”


It’s a weird mix, anti-capitalist, Incel, raging against the economic regime that has tossed the young on a trash heap. I get that he’s upset about the sorry state of affairs that the young find themselves in. Perhaps Carney can bail out a few more developers to ease their plight.

Update: Rebel News Got Hold of The Manifesto, the MSM has been curiously selective in releasing information.

“A copy of the document obtained by Rebel News further alleges that “the influence of Zionist Jews upon the western bourgeoisie is in fact so strong” that it has shaped Western society itself, and goes on to assert that “Jewish interests dominate the levers of finance, media, and politics,” describing this alleged influence as “pervasive and corrosive.”

h/t Jabberwokk

Full Manifesto Here.

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PAPPANO: Canada’s banks are finally turning against the net-zero activists

PAPPANO: Canada’s banks are finally turning against the net-zero activists

While shareholder proposals were originally designed as a tool for investors to safeguard and enhance the long-term value of their holdings, a well-funded network of activist non-governmental organizations (NGOs) and climate-focused groups has increasingly repurposed them to advance environmental and ideological agendas. In Canada, this campaign has zeroed in on the oil and gas sector and the financial institutions that support it. Yet, despite years of persistent pressure, these efforts appear to be hitting a wall — suggesting that the era of well-funded ideological environmentalism may be entering a less profitable phase.

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5 Years Post-Covid, Public Middle Schoolers Still Can’t Read Or Do Math

5 Years Post-Covid, Public Middle Schoolers Still Can’t Read Or Do Math

Last week, the National Center for Education Statistics released results from the 2025 National Assessment of Educational Progress Long-Term Trend Assessments. These widely respected reading and mathematics tests have been administered periodically to representative samples of 9- and 13-year-old students since the 1970s. While some student groups have made promising gains, test results suggest that our public schools continue to fall short for far too many children. 

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Trump’s Iran ‘Peace’ Deal is a Shrewd Midterm Maneuver

Trump’s Iran ‘Peace’ Deal is a Shrewd Midterm Maneuver

On June 17, President Donald J. Trump announced a framework agreement with Iran that extends a shaky ceasefire for another 60 days, lifts the U.S. naval blockade on Iranian ports and the Strait of Hormuz, and lets oil exports resume.

The deal entails Iran starting to dilute some highly enriched uranium stockpiles. It also features limited sanctions waivers from Uncle Sam. Bigger disputes like the full Iranian nuclear program’s fate and the Islamist theocracy’s ballistic missiles were pushed into that two-month negotiating window.

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Terry Newman: U.K. grooming gang report details horrific child exploitation

Terry Newman: U.K. grooming gang report details horrific child exploitation

The Rape Gang Inquiry Report, chaired by British MP Rupert Lowe and led by survivor Sammy Woodhouse, exposes the systematic grooming and sexual exploitation of vulnerable, overwhelmingly white British girls by predominantly Muslim Pakistani gangs in towns and cities throughout the United Kingdom.

But will political parties have the courage to act on the report’s findings, despite possible political ramifications?

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Vigilante Flick Touches a Nerve

Vigilante Flick Touches a Nerve

Police in Scotland on Saturday reportedly arrested a suspect for allegedly carrying out multiple stabbings near a mosque. He was immediately identified as a “36-year-old white Scottish man” by a news media that routinely refuses to mention the race and/or citizenship status of non-white perpetrators. Video shared on social media captured the apparent vigilante explaining, “I’m protecting the country from these f*cking Muslim bastards raping our young daughters, raping our kids. Enough is enough. I have had enough.”


Tweet’s a good read

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Why has the English flag become so toxic?

Why has the English flag become so toxic?

Memory is a trickster, but I am quite sure that when I was growing up, in the Eighties and Nineties, it was extremely unusual to see individual houses flying the Union Jack or the St George’s Cross. You might see a few more during big football tournaments, especially on cars and vans, but it just didn’t happen, by and large. This was a noticeable difference not only from the United States, but also from several other European nations.

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If Canada Auto can’t survive, let it fade away. Courting China is not the solution

If Canada Auto can’t survive, let it fade away. Courting China is not the solution

Prime Minister Mark Carney was caught on a hot mic speaking with U.S. President Donald Trump on June 16 justifying Chinese EV imports. “Less than 3 per cent of our market, 49,000 cars,” Mr. Carney said on the sidelines of the G7 meeting in France. “It’s a cap, we capped, a hard line … I thought you’d actually like that.”

Mr. Trump does like it, Mr. Carney told reporters later.

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French music festival descends into stabbings and rapes with multiple women stabbed with syringes

French music festival descends into stabbings and rapes with multiple women stabbed with syringes

More than 240 people were arrested, two people stabbed, and others raped, as France’s biggest open air music festival descended into intense violence.

The 40-year-old man and woman, who have not been named, were attacked in the early hours of Monday at the Fête de la Musique – a nationwide ‘street party’ attended by thousands of British people.

Police also reported two alleged rapes, multiple other sexual assaults, muggings, and girls being stabbed with syringes, on a night of anarchy.

WTF?

(more…)

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Carney caught on hot mic saying MPs are just ‘useful for votes’

Carney caught on hot mic saying MPs are just ‘useful for votes’

CALGARY — Prime Minister Mark Carney has once again been caught on a live microphone, this time appearing to tell the Croatian prime minister that his MPs are just “useful for votes.”

The comments were overheard by a media camera pool in Ottawa on Monday when Carney welcomed Croatian leader Andrej Plenković during his first-ever visit to Canada.

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