Friday, March 21, 2025

News roundup, 21 March 2025

- Manitoba's efforts to address the homelessness crisis are starting to pay off, albeit slowly. About a dozen people from five encampments in downtown Winnipeg have been moved into housing. The availability of housing units is the main bottleneck, though housing minister Bernadette Smith says that 40 more units are expected to become available soon.

- Manitoba's 2025 budget forecasts a deficit that could range from $800 million to as high as $1.9 billion, depending on how badly things go with Trump's tariffs. Some of the costs result from efforts being made to cushion the economy against the tariffs; there is also a lot of money going into infrastructure. As it should be, though I suspect that there will be pressure for austerity soon enough.

- Amtrak's CEO, Stephen Gardner, is resigning from his position, saying that he is doing so "to ensure that Amtrak continues to enjoy the full faith and confidence of this administration". Given that Elon Musk has called for Amtrak to be privatized, it's probably a futile move, unfortunately.

Germany as well as the UK have issued travel warnings about the US to their citizens, advising that they are not guaranteed entry to the country even with a visa or travel waiver and that they often detain people, sometimes in appalling conditions, for small errors or misunderstandings.

- Austin's efforts to increase housing availability by relaxing zoning laws are paying off in spades, as thousands of new apartments have been built and rents in the city have declined 22%. No doubt landlords are frantically lobbying their state legislature to limit the city's ability to do this.

- An examination of Tesla's accounting practices has found that some 1.4 billion dollars can't be accounted for. Normally this would mean serious trouble for the company, but since the SEC is being kneecapped by Trump and Musk, that isn't likely to happen. That said, the company's share price continues to decline, even after Trump's commerce secretary Howard Lutnick went on Fox News to beg viewers to buy the stock. Meanwhile vandalism at Tesla dealerships continues, most recently in Hamilton where 80 cars were damaged.

- The 2025 World Happiness Report has concluded that Finland's people are the world's happiest, followed by Denmark, Iceland, and Sweden. The US has dropped to its lowest ever position at 24, just behind the UK. Canada is also declining, falling to 18th place.

- A fire at an electrical substation forced the closure of Heathrow Airport, the world's 5th busiest. Diverted flights have led to cascading disruptions around the world due to aircraft and crews not showing up where they're needed.

- Some of Trump and Musk's more vocal supporters are finding themselves getting "swatted". I can't say I advocate this, since such a move can have fatal consequences (possibly for someone other than the target of the attack) but nobody should be surprised when this sort of thing happens.

No comments: