Thursday, February 6, 2025

News roundup, 6 Feb 2025

- Donald Trump has declared, in a joint press conference with Israeli prime minister Benjamin Netanyahu, that the US will take over the Gaza Strip, with American troops if necessary. He gently suggested that some other Middle Eastern country should just take the inhabitants off his hands. I believe that there's a term for that sort of thing...

- The Trump administration is effectively shutting down the US Agency for International Development. The agency is not without its critics (some say, for instance, its relationship with the CIA has at times been a bit too close for comfort) but a complete shutdown might not be such a good idea. I'm sure the fact that it was investigating the behaviour of Elon Musk's Starlink is purely coincidental.

- The huge wildfires that swept through parts of greater Los Angeles have now been fully contained after nearly a month. The costs, though, are just beginning - while the impact on the greater economy so far hasn't been too severe, a lot of people are probably already underwater on their mortgages as a result of these fires; another disaster or two like that could change things as losses pile up, potentially causing a financial crisis as severe as the subprime crisis of 2007-2008 if not worse. Already, some people think that housing prices have peaked in areas most vulnerable to such disasters, partly driven by skyrocketing insurance rates.

- During the COVID-19 lockdowns, most Canadian provinces treated their liquor stores as an essential service. At the time, this was justified on the grounds that for people with severe alcoholism, sudden withdrawal can be life-threatening and those who don't die would add to the burden on the healthcare system. Now, however, many are wondering whether that hypothetical would be enough to outweigh the impact of increased consumption on public well-being. An inconvenient truth is that South Africa banned alcohol sales during the lockdowns, so that people would have less incentive to gather in violation of the lockdowns, and immediately experienced a huge decrease in violence as a result.

- Apparently some activist investors in Tesla are starting to sour on Elon Musk. Whether a bunch of Redditors are going to be enough to fire the CEO is another question, of course - at least unless and until the stock starts to tank.

- Greenland's parliament passed a bill banning foreign political donations, for reasons that will no doubt be obvious. The bill also prohibits donations over 20,000 kroner (about $2,500) from any individual, and no party may receive over 200,000 kroner in total from all donors.

- Knox United Church in Brandon, Manitoba is being forced to increase security following harassment and vandalism over their support for the LGBT* community. To his credit, the church's minister refuses to tone down his messaging on the matter; then again he has the support of his congregation and the church hierarchy. Less fortunate is a Baptist minister in Charlotte, NC who has been ousted for being too progressive.

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