Mike_Martins

What is stamp duty, why is NSW getting rid of it and what will replace it?
Dominic Perrottet says the move will let more first homebuyers into the market by replacing an upfront cost with an annual property tax

New South Wales is getting rid of stamp duty for first homebuyers in this year’s state budget. What will it mean for buying a home? And what will be put in place instead?

What is stamp duty?
Stamp duty is a tax charged by state and territory governments on property purchases, paid at the time of purchase.

The rate will vary depending on the location and the value of the property but currently in New South Wales, for a home priced between $313,000 and $1.04m, the rate is $9,390, plus $4.50 for every $100 over $313,000. So, for example, the stamp duty on a $750,000 home would be $29,055. It’s usually capitalised on to your mortgage.

Why is New South Wales getting rid of it?
The New South Wales government has announced as part of this year’s budget a $728.6m housing plan that will remove what the premier, Dominic Perrottet, says is one of the largest upfront costs to buying a home and instead replace it with an annual property tax.

What will replace it?
A property tax option will be available for homes of up to $1.5m in value. First homebuyers who opt to pay a property tax will pay $400 per year, plus 0.3% of the land value of the property.

The NSW government has estimated that about 97% of first homebuyers in the state, or around 55,000 people per year, will be eligible.

What about the existing concessions?
First homebuyers will still be able to apply for full stamp duty exemption for properties valued up to $650,000, and concessions for properties between $650,000 and $800,000.

When will the new option be available?
Property tax legislation will need to pass NSW parliament. Perrottet and the NSW treasurer, Matt Kean, said it would be introduced in the second half of 2022, with eligible first homebuyers able to apply from 16 January 2023.

When do I have to pay stamp duty?
Just as the stamp duty rate changes from state to state, so does the timeframe in which you need to pay it.

NSW – within three months of signing a contract for sale or transfer.
QLD – within 30 days of settlement.
VIC – within 30 days of settlement of your new purchase.
ACT – after settlement and within 14 days after receiving a Notice of Assessment
TAS – within three months of the transfer of the property
NT – within 60 days of settlement
SA – at settlement
WA – one month after a duties assessment notice is issued.
The issues with stamp duty
An out-dated tax

The original tax for stamp duty comes from an old system of government. Land transfers were less common and property wasn’t logged to the level of detail that it is today. Plus, the actual process to officiate a sale and stamp (yes, a real stamp) the documents took more government time. Stamp duty was therefore an imperfect way to make sure the government was getting taxes from property owners, but things ha

Australian shoppers are facing a crisis in the fresh-food aisles.

Iceberg lettuces that cost $2.80 a year ago have doubled, or tripled, in price. Brussel sprouts that cost $4 to $6 a kilogram are now $7 to $14. Beans that cost $5 to $6 a kilogram are now more than double – and five times as much in remote areas.

That’s if you can even find such produce. Supermarket shelves for leafy greens are often bare.

This is a strong hint as to why prices have risen so much. As well as growers facing higher input costs – in line with pressures pushing up food prices globally – these price hikes are being driven by lack of supply – with crops and stores wiped out by rain and floods in eastern Australia

In Toronto, the head of the Daily Bread Food Bank also says requests for aid have spiked as inflation reached a nearly four-decade high.

Neil Hetherington says his agency is seeing roughly 160,000 client visits per month - up from about 120,000 per month in January. He says modelling the organization has done with CIBC predicts that to rise to 200,000 client visits per month in December.

He says counterparts across the country tell him of similar spikes, with many reporting a 20 to 30 per cent jump in demand.

While many of these visitors have been on the margins for years, Hetherington says he's also seeing new faces who otherwise have never turned to food charities, pegging the surge to a confluence of soaring food prices, gas prices, housing costs and ongoing labour uncertainty in some sectors.

“We are seeing individuals who are working but their paycheque is not keeping pace with the cost of being able to drive to their place of employment, or be able to feed their children. They are increasingly worried about what they are seeing and (about) being able to put food on the table,” says Hetherington.

Back in British Columbia, Andrews says things would be much worse for her without the subsidy for her three-bedroom apartment, which brings rent down to $540 per month.

But she says pre-existing financial woes deepened during the pandemic and have only gotten worse in 2022 as inflation also drove up the cost of gas and utilities.

Borrower Beware ! : My Opinion , its a TRAP! and it will trap you for life like Student loans !

What do I need to know if I’m thinking about consolidating my credit card debt?
When you consolidate your credit card debt, you are taking out a new loan. You have to repay the new loan just like any other loan. If you get a consolidation loan and keep making more purchases with credit, you probably won’t succeed in paying down your debt. If you’re having trouble with credit, consider contacting a credit counselor first.

Consolidation means that your various debts, whether they are credit card bills or loan payments, are rolled into one monthly payment. If you have multiple credit card accounts or loans, consolidation may be a way to simplify or lower payments. But, a debt consolidation loan does not erase your debt. You might also end up paying more by consolidating debt into another type of loan.

Before you use a consolidation loan:

Take a look at your spending. It’s important to understand why you are in debt. If you have accrued a lot of debt because you are spending more than you are earning, a debt consolidation loan probably won’t help you get out of debt unless you reduce your spending or increase your income.
Make a budget. Figure out if you can pay off your existing debt by adjusting the way you spend for a period of time.
Try reaching out to your individual creditors to see if they will agree to lower your payments. Some creditors might be willing to accept lower minimum monthly payments, waive certain fees ,reduce your interest rate, or change your monthly due date to match up better to when you get paid, to help you pay back your debt.
Here’s what you need to know if you are considering loan consolidation:

Credit card balance transfers

Many credit card companies offer zero-percent or low-interest balance transfers to invite you to consolidate your debt on one credit card.

What you should know:

The promotional interest rate for most balance transfers lasts for a limited time. After that, the interest rate on your new credit card may rise, increasing your payment amount.
If you’re more than 60 days late on a payment, the credit card company can increase your interest rate on all balances, including the transferred balance.
You probably have to pay a “balance transfer fee.” The fee is usually a certain percentage of the amount you transfer or a fixed amount, whichever is more.
If you use the same credit card to make purchases, you won’t get a grace period for those purchases and you will have to pay interest until you pay the entire balance off in full (including the transferred balance).

Permits
Permits help ensure that construction and major renovations comply with local bylaws, the building code and health and safety standards.

You need to get required permits before any stage of a project can start.

Depending on where you live, the process for obtaining a permit can vary. Contact your local government to get answers to important questions including:

What permits do I need for the project I am doing?
How do I apply for permits?
How long will it take to process a permit application?
How much will the permit or permits cost?
Do I have the right zoning?
Typically, permits required for new construction projects or major renovations fall under broad categories including building, demolition and plumbing.

Homeowners may also need electrical and gas permits. In general, the BC Safety Authority issues electrical and gas permits. Some local governments issue these permits.

Check with your local government's building department to find out their requirements for all permits and inspections.

VERB
If someone permits something, they allow it to happen. If they permit you to do something, they allow you to do it.
[formal, written]
He can let the court's decision stand and permit the execution. [VERB noun]
The guards permitted me to bring my camera. [VERB noun to-infinitive]
Employees are permitted to use the golf course during their free hours. [be VERB-ed to-infinitive]
No outside journalists have been permitted into the country. [be VERB-ed + into]
If they appear to be under 12, then the doorman is not allowed to permit them entry to the film

What Is a Bank Run?
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency.

As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits. In extreme cases, the bank's reserves may not be sufficient to cover the withdrawals.

A bank run occurs when large groups of depositors withdraw their money from banks simultaneously based on fears that the institution will become insolvent.
With more people withdrawing money, banks will use up their cash reserves and ultimately end up defaulting.
Bank runs have occurred throughout history including during the Great Depression and the 2008-09 financial crisis.
The Federal Deposit Insurance Corporation was established in 1933 in response to a bank run.
Silent bank runs occur when funds are withdrawn via electronic transfer instead of in-person.
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Watch Now: What is a Bank Run?
Understanding Bank Runs
Bank runs happen when a large number of people start making withdrawals from banks because they fear the institutions will run out of money. A bank run is typically the result of panic rather than true insolvency. A bank run triggered by fear that pushes a bank into actual insolvency represents a classic example of a self-fulfilling prophecy. The bank does risk default, as individuals keeping withdrawing funds. So what begins as panic can eventually turn into a true default situation.

That's because most banks don't keep that much cash on hand in their branches. In fact, most institutions have a set limit to how much they can store in their vaults each day. These limits are set based on need and for security reasons. The Federal Reserve Bank also sets in-house cash limits for institutions. The money they do have on the books is used to loan out to others or is invested in different investment vehicles.

Because banks typically keep only a small percentage of deposits as cash on hand, they must increase their cash position to meet the withdrawal demands of their customers. One method a bank uses to increase cash on hand is to sell off its assets—sometimes at significantly lower prices than if it did not have to sell quickly.

Losses on the sale of assets at lower prices can cause a bank to become insolvent. A bank panic occurs when multiple banks endure runs at the same time.

A History of Bank Runs
Bank runs go back as early as the advent of banking, when goldsmiths in Europe during the 15th and 16th centuries would issue paper receipts redeemable for physical gold in excess of the stock that they held. This was an early example of fractional reserve banking, whereby bankers could issue more paper notes redeemable for gold than they held in stock.

The concept was viable since the goldsmiths (and more modern bankers) knew that on any given day, only a small percentage of gold on hand would be demanded for redemption. However, if deposito

Power Outage
What Does Power Outage Mean?
A power outage is a short- or long-term state of electric power loss in a given area or section of a power grid. It could affect a single house, building or an entire city, depending on the extent of the damage or cause of the outage.

A power outage is also known as power failure, power blackout or simply as blackout.

Techopedia Explains Power Outage
Power failures in an electric network can be caused by different factors, but the most common are often faults in the power lines and in the distribution stations themselves. Only very rarely are the power plants themselves at fault since these systems are built to withstand minor disasters and have various backup facilities that kick in when the main system goes offline for some reason.

Smaller power distribution facilities have fewer (or no) backup systems because they are cheaper and simpler to repair. However, the number one cause of power outages is the power lines themselves, since they are the most vulnerable and least protected elements in a power grid, especially in areas where it is not feasible to hide them underground, such as in between large stretches of uninhabited land or rural areas without large sewer systems.

Types of power outage:

Brownout — This is simply a phenomenon where the voltage in the system drops, and it is characterized by the dimming of lights, hence the name. This can cause incorrect performance in electrical equipment.
Blackout — A total loss of power in an area due to damage in the power grid, from the power stations to the power lines. The outage can last from a few minutes to an indeterminate amount of time, depending on the extent of damage. In places affected by great natural disasters that completely destroy the electric grid system, it can take months to restore power.

7- Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver area had a population of 2.6 million in 2021, making it the third-largest metropolitan area in Canada. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometre. Vancouver is one of the most ethnically and linguistically diverse cities in Canada: 52 percent of its residents are not native English speakers,48.9 percent are native speakers of neither English nor French, and 50.6 percent of residents belong to visible minority groups.

Vancouver is one of the most livable cities in Canada and in the world. In terms of housing affordability, Vancouver is also one of the most expensive cities in Canada and in the world.Vancouver plans to become the greenest city in the world. Vancouverism is the city's urban planning design philosophy.

6- Burlington is a city in the Regional Municipality of Halton at the northwestern end of Lake Ontario in Ontario, Canada. Along with Milton to the north, Burlington forms the western end of the Greater Toronto Area and is also part of the Hamilton metropolitan census area.

5- Toronto is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021,[ it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341.Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world, Dominated by Asian Culture.

The diverse population of Toronto reflects its current and historical role as an important destination for immigrants to Canada.1993 More than 50 percent of residents belong to a visible minority population group, Mainly Mainland Chinese and over 200 distinct ethnic origins are represented among its inhabitants. While the majority of Torontonians speak English as their primary language, over 160 languages are spoken in the city. The mayor of Toronto is elected by direct popular vote to serve as the chief executive of the city. The Toronto City Council is a unicameral legislative body, comprising 25 councillors since the 2018 municipal election, representing geographical wards throughout the city.

4- Edmonton is the capital city of the Canadian province of Alberta. Edmonton is on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Alberta's central region. The city anchors the north end of what Statistics Canada defines as the "Calgary–Edmonton Corridor".

As of 2021, Edmonton had a city popul

My Opinion : I really believe something serious is gonna come from this !

Growing number of Canadians eating less due to food insecurity
By Cosmin Dzsurdzsa -June 6, 2022

Canadians are dealing with hunger and food insecurity as a result of skyrocketing grocery costs.

Food Banks Canada commissioned Mainstreet Research for a survey which found that nearly 25% of Canadians were eating less because of inflation. The number of people struggling doubled when taking into account those earning less than $50,000 a year.

When the 4,009 respondents were asked whether they had gone hungry at least once from March 2020 to March 2022, nearly 20% said yes.

The poll was conducted over the telephone from Feb. 25 to Mar. 2.

“Food banks in most regions of Canada are experiencing an influx of Canadians visiting food banks for the first time — a number that’s increased by up to 25 per cent in some regions,” said Food Banks Canada CEO Kirstin Beardsley. “Canadians are telling us that they are running out of money for food because of rising housing, gas, energy and food costs.”

According to Statistics Canada data, Canadians paid 9.7% more on groceries in April compared to the same time last year.

Daily Bread Food Bank recently reported that visits to their locations have tripled in some cities.

In Toronto, 100,000 people accessed the organization’s services. Before the pandemic that number was at 60,000.

According to Daily Bread CEO Neil Hetherington, visits are expected to climb up to nearly a quarter million.

“We expect that number to rise to about 225,000 client visits per month,” he said. “People are in need in the city, and we need to do something about it.”

Food banks are also seeing new clients who have never accessed their services before.

In Calgary, 75% of those visiting Daily Bread were new to the program.

“We know the answers to these social problems. We know the levers to pull. We know the impact that they’re going to have. We just need to have the political will and courage and leadership to be able to make that difference,” said Hetherington.

Note: I forgot to Mention Our Churches and places of worship are constantly under attack via arson media lies and government Hate !

Also : I dont speak for all Europeans Im just expressing my feelings ! and and application to the USA wont hurt. for people that want to be productive

Coming to America -Massive Gas restrictions/ rationing in Ireland-work from home plan to save fuel

Return of ‘work from home’ plan to save fuel in event of crisis caused by Ukraine war
People will be ordered to work from home in the event of a major fuel crisis sparked by the war in Ukraine, under secret Government emergency plans.

The Irish Independent has learned confidential details of an emergency planning exercise held 10 days ago between all the major state agencies and the Government.

The high-level planning exercise proposed three fuel supply deficit scenarios, and possible consequences were presented and discussed.

Delegates were given a scenario of a 20pc diesel supply deficit in September and a 35pc drop in supply in December. The third and most extreme scenario proposed for February 2023, is where gas and oil supplies cannot meet the demand for electricity generation or farmers preparing to cut silage.

The Irish Independent can reveal that in the event of a national fuel crisis, emergency contingency measures discussed at the high-level meeting include:

:: All non-essential workers will be ordered to work from home

:: A limit will be placed on all non-essential car travel

:: A strict limit on the amount of fuel motorists can buy at any one time

:: The implementation of an immediate and strict reduction in the speed limit on motorways.

The plan also includes the introduction of an emergency scheme whereby motorists with an odd number at the end of their car registration will only be allowed to drive or refuel on alternate days.

My Opinion : lets take a look at the Timing of this Massive play and how it makes sense in a Government Perspective to impoverish its citizens and disenfranchise the Canadian Middle class

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The Trudeau government has announced that in 2023, possession of small amounts of hard drugs including heroin, cocaine and methamphetamine will be decriminalized in British Columbia.

Federal Minister of Mental Health and Addictions Carolyn Bennett made the announcement on Tuesday in response to B.C.’s growing opioid epidemic.

“For far too long, this wave of loss has been a reality in British Columbia and across the country,” said Bennett.

“Today, we take the first steps in the much needed bold action and significant policy change.”

According to the federal government, Canadians over the age of 18 will be able to possess up to 2.5 grams of opioids, methamphetamines, MDMA and opioids. Those found to possess such substances will not be subject to arrest or having the drugs seized.

The exemption will go into effect on Jan. 31, 2023 and will last until Jan. 31, 2026.

Bennett’s B.C. counterpart, NDP minister Sheila Malcomson, commended the federal government’s move.

“The fear of being criminalized has led many people to hide their addiction and use drugs alone,” she said. “And using drugs alone can mean dying alone, particularly in this climate of tragically increased illicit drug toxicity.”

The federal government has the ability to grant such exemptions under the Controlled Drug and Substances Act if it is “necessary for a medical or scientific purpose or is otherwise in the public interest.”

B.C. has been asking the federal government to decriminalize simple possession for some time now. Their original request was to excuse possession of up to 4.5 grams of illicit substances.

According to Health Canada the announcement comes after consultation with health and law enforcement experts. The exemption will also be subject to third-party monitoring.

Bennett also revealed that the Trudeau government will provide an additional $11.78 million in funding to fight substance abuse in B.C.

Although possession of up to 2.5 grams will not be criminal, it will still be illegal to traffick and produce the drugs. The newly announced decriminalization also doesn’t apply on the premises of schools, airports or other facilities.

The House of Commons is expected to vote on an NDP bill on Wednesday to generally decriminalize drugs throughout Canada. According to Bennett, however, the proposed law does not have enough “guardrails.”

Last year alone, B.C. saw 2,224 suspected overdose deaths as a result of toxic illicit substances. In comparison, the province registered 1,522 Covid deaths in the same time period.

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Gun control advocates and the mayors of several large Canadian cities are welcoming the federal government’s proposed freeze on the sale and transfer of handguns, a central feature of new firearm legislation that is also angering some gun owners.

The freeze was an unexpected addition to the new Bill C-21, which also seeks to take away guns and firearm licences from domestic abusers and crack down on gun smuggling and trafficking.

“These are substantial, effective, popular and historical measures that will take Canada in the right direction,” Nathalie Provost, a survivor of the 1989 mass shooting at Polytechnique, said in a statement shared by prominent advocacy group PolySeSouvient.

The legislation tabled in Parliament on Monday replaces a previous version of Bill C-21 that expired when last year’s election was called, and did not include the nationwide freeze on selling, buying, importing and transferring handguns.

The Liberals had previously promised to support provinces and territories that wanted to pursue a full ban, which gun control advocates argued would create a patchwork of ineffective rules across the country.

Under the new legislation, existing handgun owners would be allowed to keep their firearms but would only be allowed to sell or transfer to businesses and exempt individuals, chiefly valuable goods carriers and sport shooters.

The bill would not ban handguns, but rather seek to cap the number already in Canada.

My Opinion: Carbon Tax is Gonna find Many Many Avenues to our Pocketbooks ! and this will push the middle class into incredible levels of poverty . Now they Want to tax our older vehicles a new carbon tax because of the Age and the amount of carbon displaced ! What a bunch of POOP!

More Carbon Tax News !
Trudeau's carbon tax cheques will make most of us poorer
There’s good news and bad news about Prime Minister Justin Trudeau’s carbon tax for residents of the four provinces where it applies — Ontario, Alberta, Saskatchewan and Manitoba.
The good news is that starting July 15 and four times annually after that, individuals and families living in these provinces are going to receive tax-free cheques, or direct deposit payments if they prefer, from the Trudeau government under its Climate Action Incentive Payment Plan.

Previously the rebates were a refundable tax credit, claimed on income tax returns.

The bad news is that, according to Yves Giroux, Parliament’s independent, non-partisan budget officer, most people receiving these cheques (60%), will pay a lot more in annual carbon taxes than they get back in carbon tax payments, and will do so every year up to 2030, at least.

In 2024, Giroux says, 80% of Ontario households will be paying more in carbon taxes than they receive in rebate cheques, with the same thing happening in Alberta in 2028.

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The Trudeau government, by contrast, continues to claim 80% of households paying the carbon tax will be better off financially.

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Gas stations and pay parking lots in Vancouver must have charging stations or face $10,000 annual fee

By 2025, gas stations and commercial pay parking lots within Vancouver will be required to have charging stations for electric-battery vehicles, or else they will see a substantially higher annual municipal business license fee of $10,000

To avoid the $10,000 business license fee, each gas station would be required to install at least one DC fast charger (50 kw), while each pay parking lot would need to install at least four Level 2 chargers (26.6 kW).

By complying with this policy, the business license fees for gas stations and pay parking lots with the specified charging equipment would be reduced to $243 and $163, respectively.

The City will provide pay parking lots with under 60 vehicle stalls with an exemption. City staff explained that smaller parking lots have a reduced ability to generate the type of revenue to cover the high cost of installing the equipment.

It’s really a pandemic of CONTROL over the people rather than one of a virus spreading
(Natural News) It can’t really be called a pandemic when less than half of one percent of people who catch the virus die from it, and 99 percent of those people are already dying from cancer, heart disease, diabetes, prescription drugs or dementia. Everyone else who supposedly died from Wuhan Virus SARS-CoV-2 died from something else, but the doctors and hospitals labeled their deaths “died with COVID” in order to obtain bonuses from the corrupt-to-the-core Biden Regime, who has colluded with Big Pharma to install a different kind of “pandemic” – the one of POPULACE CONTROL.

My Opinion : Oil can stabilize ! but Cities are going broke - there gonna get you at the pumps

Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends average price soaring to $4.57 - almost twice the $2.41 during Trump's final month
A national gas station chain is reprogramming its pumps in Washington state to accommodate the possibility of $10-a-gallon gasoline
The average price of gasoline across the country reached $4.57 on Wednesday - almost twice the $2.41 average during Trump's last month in office
Other stations in the state have begun running out of gas, with a local Facebook group identifying 10 stations that have run out of fuel
Meanwhile some states - such as California - are reporting spiraling prices of up to $5.98 this week

A national gas station chain is reprogramming its pumps in Washington state to accommodate $10-a-gallon fuel, it has been revealed.

The move by 76 comes as the nation's average gasoline price soars to $4.57-a-gallon, almost twice the $2.41 average during Trump's last month in office.

A spokesperson for '76' gas stations confirmed that the national chain has begun reconfiguring its pumps to 'make room' for the possibility of double-digit prices, The Post Millennial reported.

The phrase "Thank you, sir, may I have another" comes from the 1978
film "Animal House"

"The film's dialogue has saturated pop culture to such an extent that
phrases such as "Assume the position!" and "Thank you, sir, may I have
another?" are tossed around by people who haven't even seen the
movie."

The phrase has also been referenced in a Simpsons series:
"Cultural References"
Mr. Burns: Thank you sir. May I have another?
When Lenny kicks Burns in the butt to demonstrate to Homer the
Stonecutters' hierarchy, Burns responds by saying "Thank you sir. May
I have another?". This is a reference to the 1978 film "Animal House,"
when the Omega house is doing their initiations. In the movie, an
older brother is paddling the pledges, and the pledge (Kevin Bacon in
his first role) responds with that line.

Ap Article Reads
NEW DELHI (AP) — An unusually early, record-shattering heat wave in India has reduced wheat yields, raising questions about how the country will balance its domestic needs with ambitions to increase exports and make up for shortfalls due to Russia’s war in Ukraine.

Gigantic landfills in India’s capital New Delhi have caught fire in recent weeks. Schools in eastern Indian state Odisha have been shut for a week and in neighboring West Bengal, schools are stocking up on oral rehydration salts for kids. On Tuesday, Rajgarh, a city of over 1.5 million people in central India, was the country’s hottest, with daytime temperatures peaking at 46.5 degrees Celsius (114.08 Fahrenheit). Temperatures breached the 45 C (113 F) mark in nine other cities.

But it was the heat in March — the hottest in India since records first started being kept in 1901 — that stunted crops. Wheat is very sensitive to heat, especially during the final stage when its kernels mature and ripen. Indian farmers time their planting so that this stage coincides with India’s usually cooler spring.

Climate change has made India’s heat wave hotter, said Friederike Otto, a climate scientist at the Imperial College of London. She said that before human activities increased global temperatures, heat waves like this year’s would have struck India once in about half a century.

“But now it is a much more common event — we can expect such high temperatures about once in every four years,” she said.

India’s vulnerability to extreme heat increased 15% from 1990 to 2019, according to a 2021 report by the medical journal The Lancet. It is among the top five countries where vulnerable people, like the old and the poor, have the highest exposure to heat. It and Brazil have the the highest heat-related mortality in the world, the report said.

Low, stable and predictable
To achieve the inflation target, the Bank adjusts (raises or lowers) its key policy interest rate. If inflation is above the 2 per cent target, the Bank may raise the policy rate. This prompts banks to increase interest rates on their deposits, loans and mortgages. Higher interest rates encourage saving and discourage borrowing and, in turn, spending. In response, companies increase their prices more slowly or even lower them to encourage demand. This reduces inflation. Lower interest rates work in the opposite way and can help increase inflation if it is too low.

Of course, the Bank doesn’t respond to every movement in inflation or focus on prices that jump around a lot. Nor does it pay attention to one-time changes in price levels, such as those caused by a new sales tax rate. The Bank focuses on price changes that are more widespread and persistent—ones that could push inflation away from the target for a while. This is because any changes the Bank makes to the policy interest rate will take time to affect people’s spending.

True North Article Reads
Surge in illegal border crossings into US from Canada is 90% non-Canadians
By Cosmin Dzsurdzsa -May 10, 2022
Top read the Article in Full Please Visit True North

Border guards are seeing a 47% spike in people crossing into the US from Canada illegally, and only one in ten of those migrants is a Canadian citizen.

US Customs and Border Protection (CBP) statistics show that the first six months of the fiscal year to date saw a 47% increase in illegal border crossings in comparison to the year before.

Between Oct. 2021 and Mar. 2022, CBP officers encountered 625 people attempting to leave Canada illegally. Only 63 of those people held Canadian citizenships.

Meanwhile over the same period the previous year, 426 people illegally crossed the border and were met by border guards. Of those, 84 were Canadian citizens.

In March, a group of six Indian nationals were rescued after attempting to cross the St. Regis River from Canada into New York state.

US citizen Brian Lazore was arrested in what officials are calling a human smuggling operation.

MY OPINION: This is How it starts - then it gets reintroduced than it gets passed

The proposal to introduce a London-style congestion charge in Sydney was revealed in leaked cabinet documents obtained by Nine newspapers and was among several plans to reform how the state manages its road network.

Under the plan charges would be applied to drivers who enter a 20 sq km area around inner-city Sydney or would be imposed at certain times to reshape how and when people travel.

Nathan Hage at an electric vehicle charging station in the car park of the Zinc Building in Sydney’s Alexandria

A similar charge was introduced in London in 2003 where drivers paid roughly $25 to enter the city centre.

The leaked cabinet documents also contained plans to lower speed limits on inner-city streets to 30km/h and reconsider regional speeds, and to change the cost of public transport which has been subsidised.

Speaking to reporters on Wednesday, Perrottet said “there was no plan for a congestion tax and we can rule it out completely”.

However, Marion Terrill from the Grattan Institute said the government should not be so quick to rule out the idea.

Terrill said the pandemic had pushed people away from public transport and the introduction of electric vehicles meant driving would become less expensive which could result in more car journeys – and more congestion.

“Sydney is already quite a car-dependent city,” Terrill said. “A congestion charge is a politically difficult reform but it does tackle head-on the problem of congestion that does have costs for people.

“It encourages people to take their trips at a quieter time of day, or get on the bike or walk if that makes sense for the particular trip they are doing.

“I would hope it doesn’t get ruled out immediately for lack of political courage it takes to come up with an idea like this and it is given serious consideration.”

Wealthy Americans are buying second passports as a 'plan B' for their families, citing the pandemic, climate change, and political turmoil
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The number of wealthy Americans buying "golden passports" has skyrocketed over the past three years.

The top programs grant citizenship to foreigners who invest millions of dollars in the country.

US applicants are citing COVID, climate change, and political division, multiple firms told Insider.

The number of wealthy Americans applying for citizenship or residency in foreign countries has skyrocketed over the past three years as US billionaires, tech entrepreneurs, and celebrities look to create a "plan B" for their families, multiple investment migration firms told Insider.

More than a dozen countries offer so-called "golden passports" and visas that allow affluent foreigners to receive citizenship or residency in exchange for investing in the country. The most expensive programs range from $1.1 million in Malta to $9.5 million in Austria, according to Forbes.

"We see these programs as an insurance policy," Ezzedeen Soleiman, a managing partner at Latitude Residency & Citizenship, said. "We've had some billionaires approach us and ask what's the best place to live if there's a climate catastrophe, or if there's another storm, or another global pandemic."

Latitude, a company which guides high-net-worth investors around the world through the application process, said US inquiries have increased 300% between 2019 and 2021. Henley & Partners, one of the world's largest citizenship brokers, said sales to American nationals increased by 327% between 2019 and 2020 and an additional 10% in 2021.

According to Dominic Volek, head of private clients at Henley & Partners, there are "four C's" currently driving the investor citizenship industry: COVID-19, climate change, cryptocurrency, and conflict.

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MAY 9, 2022
Canadian real estate prices may be slowing now, but the damage got even worse in the year’s first quarter. The Desjardins Affordability Index (DAI) reached the worst level recorded in Q1 2022. Home prices continue to become more overvalued, even as incomes fall.

The Desjardins Affordability Index (DAI)
The DAI is an inverse affordability index designed to assess the risk of a housing correction. If the Index falls below the long-term average, housing is generally overvalued. Overvalued housing is vulnerable to corrections or stagnation. The latter is only a real possibility if it’s not too overvalued or a whole generation is willing to live with insecure shelter for a very long time.

“The housing market can therefore no longer be considered affordable and is unlikely to sustain drastic new price increases,” reads the methodology for the tool.

Canadian Housing Affordability Has Never Been Worse In The DAI
Housing affordability is rapidly eroding and the worst in the DAI’s history. The Index dropped 10.7 points in Q1 2022, hitting the worst affordability ever. Unfortunately the Index only goes back to 2006, but other indexes show how bad things actually are. Affordability hasn’t been this bad in three decades and is likely to get worse.

Blackstone Inc. — a prominent New York-based private equity firm once accused by the U.N. (in 2019) of helping to fuel the global housing crisis — has announced that it will be opening a new office in Toronto to expand its Canadian real estate footprint.

This is proving to be of some concern to those familiar with the investment company's history of making rich people even richer through various means, including indirectly funding the deforestation of the Amazon rainforest.

"Blackstone today announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of its Real Estate business in Canada," reads a release issued by the company on Monday, referencing the senior housing operator Revera's former Chief Investment Officer.

"Blackstone has long had a significant presence in Canada across its businesses, including CAD $14 billion of real estate assets totaling approximately 450 properties – consisting primarily of logistics. Blackstone's portfolio companies across the firm employ more than 3,550 people in Canada."

While Blackstone portfolio companies do exist in our home and native land — including the contentious rental company Tricon — this will be Blackstone's first official real estate office in Canada.

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