- Canada's federal budget, the second since Mark Carney became prime minister, was tabled in Parliament yesterday by Finance Minister François-Philippe Champagne. The budget will increase spending by about $142 billion over the next 5 years; the government is betting that this will be offset by oil and gas revenues as prices of those commodities continue to soar. There is a big focus on increasing investment in the country; there are also token moves on affordability (such as increases in the GST rebate) and investments in measures to counter homelessness. NDP leader Avi Lewis approves of the latter but says the budget doesn't go far enough to help people in need overall; meanwhile Conservative leader Pierre Poilievre is predictably focused on deficits.
- A ballot measure called Proposition RTM passed in several Bay Area municipalities during the midterms will provide regional transit systems with a much-needed cash injection, funded by sales taxes that will expire in 14 years. Transit systems in the region, like elsewhere, had taken a severe beating from COVID-19, and there were fears that the Bay Area Rapid Transit (BART) system as well as San Francisco's Muni system would have to make severe cuts if the measure didn't pass.
- Meta is worried that the Democratic sweep in the midterms could make it harder to build data centres. Most of the ballot measures to restrict data centre construction have passed, and many candidates at the municipal and state level who favoured restrictions were elected. This has contributed to a large selloff of tech stocks, although those stocks were already taking a beating before the election as investors started to clue in that this AI stuff just might be overhyped a little.
- Elon Musk, who spent hundreds of millions of dollars trying to elect Republicans in the midterms, could now face congressional investigations into the huge contracts awarded to him by the Trump regime. In the four months that he led DOGE, he received some $6.3 billion in contracts; he has received another $10 billion since.
- Aeyavarin "Aeya" Pradubyart, a 15 year old who was a rising star in the golf community in Thailand died over the weekend after she was struck by lightning during a tournament. A 35 year old caddy was also injured.