Feb. 18, 2023 marked the one-year anniversary of Trans Mountain’s last construction cost update, when the price tag of the expansion project (TMX) ballooned to $21.4 billion — nearly triple the cost projected when Canada bought the embattled pipeline in 2018.
“The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so generally speaking, the ideas of those who lack the means of mental production are subject to it.” Marx, The German Ideology, 1845.
Pharma ‘myth’ debunked as study shows US public poured $32 billion into mRNA vaccines
"Without public investment, there would be no mRNA vaccines."
Vaccine equity campaigners said Thursday that a new peer-reviewed study published in a major medical journal should put to rest the pharmaceutical industry’s “false narrative” that its own investments were responsible for the rapid development of mRNA vaccines to fight the coronavirus pandemic.
'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says
Up 11 per cent from last year, but still well off levels in 2014 when oil prices last boomed
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
An enormous debt bomb threatens the US federal government and the nation’s financial system unless warring politicians can agree on a plan to defuse it. However, there are even bigger debt bombs ticking away beneath us all, of which fewer people are aware. It may be impossible to disarm all of them, but action is required to minimize the casualties.
Let’s start by focusing on the immediate US debt threat, then widen our view to take in longer-term and more serious liabilities that have the potential to bring down the entire global industrial economy.
Germany benefited from the cancellation of most of its debt as of February 27, 1953 (...) no other country has received such a favourable treatment. - Eric Toussaint
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27.2.2023
Open Letter to Christian Lindner, Finance Minister of Germany
