News roundup, 15 July 2026

- The US-Iran conflict seems to be boiling over again, with Iran now threatening to again block all oil export through the Strait of Hormuz in response to the US blockading Iranian ports. The US also launched another wave of strikes; Iran retaliated with strikes on US bases in Bahrain, Jordan, and Kuwait.

- A passenger aboard a Ryanair Boeing 737 on a flight from Thessaloniki, Greece to Memmingen, Germany was partially sucked out of the aircraft after the No. 2 engine failed and a part struck the window next to his seat at around 20,000 ft; his wife clung to him for some five minutes before the plane descended to an altitude that enabled her to overcome the pressure differential and pull him back in with the aid of other passengers. He survived but remains in hospital with significant injuries.

- A car collided with an apartment building in Edmonton on Monday night, sparking a fire that left at least one person dead and two missing. The driver is in hospital. It's worth noting that this kind of thing is far, far more common in Canada and the US than it is in, say, the Netherlands; there are reasons for that.

- Some members of the Conservative Party of Canada is now concerned about something that they haven't worried about for a while - a slump in fundraising. The party has long been able to count on wealthy donors even when in opposition, but with the Liberals behaving more like moderate Conservatives, I suspect many of those donors are wondering why they need to prop up a party that's increasingly looking like the party of rednecks and extremists rather than captains of industry.

- Polling in the US by market research company Verasight found that 69% of respondents would be in favour of AI firms being required to transfer 50% of their stock to a sovereign wealth fund as proposed by Bernie Sanders. Seems like it could be a good idea depending on implementation, though I doubt Silicon Valley is going to roll over easily on this issue.

- The University of Chicago's law school is banning first year students from using laptops, phones, or tablets in class. Those who have disabilities that can be shown to require these devices for accommodation will be exempted.

- Adam Schiff, a Democratic senator from California, is begging Canadian provinces to reconsider their import bans on American alcoholic beverages. Ironically, most of the vineyards are located in parts of the state that vote heavily Republican, but I guess Schiff figures that as a representative of the state at large he still has to be seen to speak up for them, and maybe the industry is big enough that the impact on the state's revenue could be significant. In any case, it's not clear how much the market would recover even if provincial liquor boards agreed to start buying the stuff again; in its absence a lot of people are discovering that many Canadian wines aren't as bad as their reputation, and that's not even considering the wide range of excellent European, Chilean, Australian, and New Zealand wines available.

News roundup, 28 April 2026

- The suspect in the White House Correspondents' Dinner incident has been charged with attempting to assassinate the president as well as several firearms offenses. People from his hometown, the Los Angeles suburb of Torrance, seem for the most part not to know him very well, saying that he lived with his parents and didn't interact with very many people.

- Mark Carney has announced plans to create a sovereign wealth fund for Canada. Unlike the one so successfully operated by Norway over the decades, it doesn't sound like it will be filled up with oil royalties - under our federal system, these kind of resources fall largely under provincial jurisdiction (as frothing-at-the-mouth Albertans are all too keen to point out whenever any plans to federally manage that sector of the economy are made). Instead, it sounds like it's going to just be some kind of investment fund that you (as well as "the private sector and international partners") buy units of the way you would for a mutual fund or ETF. Ironically, Norway's own sovereign wealth fund, the largest in the world (which does get much of its money from oil), was initially inspired by the Alberta Heritage Savings Trust fund as initially set up by Peter Lougheed (but sadly nerfed by Ralph Klein). Now, unfortunately, that sort of thing is anathema to that province.

- Water levels in Ontario's Lake Simcoe are at their highest level in decades, with the potential to cause flooding in parts of Barrie and Orillia as well as the towns of Innisfil and Georgina and the township of Ramara. This is threatening croplands in an area sometimes called the "salad bowl", a major producer of vegetable crops.

- State Farm Insurance is facing hundreds of lawsuits from people who were denied coverage for hail damage, including over 600 in Oklahoma alone. There are allegations of a "wide-ranging program" by the company to avoid claims for such damage, as well as for wildfires. Perhaps the company can see a rise in such claims coming due to climate change and wants to make sure they don't have to pay them. Meanwhile millions of properties in the US are uninsured because the owners can't afford the premiums.

- Tenants at a North End apartment building operated by the nonprofit Winnipeg Housing Rehabilitation Corporation, are raising concerns after the organization began housing homeless people in vacant units in cooperation with social service agencies. Several longtime tenants report that they no longer feel safe; a representative of the nonprofit acknowledges the concerns, saying that while they have been working to house the homeless for several years the situation has worsened in the last year. In contrast to this, organizations in Steinbach are proposing a dedicated building for people in such situations, which would have onsite psychiatrists. This sounds like a better way of dealing with the situation; while I can see some having concerns about the segregating effect of this, that may be a necessary evil in order to maintain a satisfactory level of buy-in from the public.

- A man in his 70s has been arrested following the fatal shooting of a 62 year old man in Mississauga. Police believe the shooting was targeted; you'd think one would outgrow one's gangster phase by that age.