sbv

I'm looking for an electric heater for my office. Ideally it'd be really quiet. The office is well insulated, so it doesn't need to get too hot.

Can you recommend a brand and model?

I remember someone posting a great Android recipe app a while ago, but I can't remember the name of it.

The feature that caught my interest was being able to download a recipe from free form pages.

Anyone got a suggestion?

A motion from the Bloc will increase benefits for affluent retirees, to be paid for by younger (and poorer) Canadians. The advocacy group for Canadian seniors has proposed a much fairer alternative;

[Canadian Association of Retired Persons's proposal] would strengthen OAS, help younger Canadians, reduce the deficit and save Parliament. This would enable MPs to make the most significant improvement to generational fairness in the federal budget in my professional lifetime – rather than play political games by proroguing Parliament or launching an early election.

...

In my previous column, I costed out some options. The government could start to claw back OAS at an individual income threshold of $70,000 or a household income of $90,000. These alternatives would free up $12-billion and $48-billion, respectively, over the next five years.

Original link: https://www.theglobeandmail.com/investing/personal-finance/young-money/article-a-plan-to-strengthen-oas-help-younger-canadians-and-reduce-the-deficit/

The federal Liberals and Conservatives want to "solve" the housing crisis by making it easier for builders to build new units.

Sadly, with interest rates and construction prices at current levels, it seems unlikely that private companies will be able to provide the 3.5 million houses we need to restore affordability.

We need all levels of government to start building housing, not just wait for white knights from the private sector to ride in and save our middle class dreams.

Residential property developers are facing rising insolvencies as they struggle with higher borrowing and construction costs – and industry experts warn the trend is likely to worsen as interest expenses remain elevated.

...

At this pace, Canada is on track to reach about 240 real estate insolvencies this year, which would be 57-per-cent higher than 2023 and 13-per-cent higher than 2009, when a wide swath of businesses ran into problems owing to the financial crisis and global recession.

...

And that does not include the number of developers and projects that have been forced into receivership for not paying bills. The Office of the Superintendent of Bankruptcy does not include receiverships with its publicly available bankruptcy statistics. However, insolvency experts say they are seeing more projects go into receivership.

So far this year, the real estate sector accounts for 55 per cent of the receiverships recorded by Insolvency Insider Canada, a website that tracks the largest insolvencies in the country. That compares to 30 per cent last year and 33 per cent in 2022.

...

Today, the cost of residential construction is 81-per-cent higher across Canada’s major cities compared to 2017 and more than double – up 107 per cent – in the Toronto region, according to Statscan data.

... some kid in the daycare has lice.

We went through this a couple of years ago: one kid had a tonne of lice in his hair, my wife got infested and ended up shaving her head. The other kid and I lucked out.

Regardless of what happens, we've got some short summer haircuts in our future.

The family is moving to find more financial flexibility. Owning their current home is a financial burden, and the stress would only get worse with a mortgage renewal coming up soon.

...

Proceeds from the sale plus a cash top-up will mean they can live mortgage-free in their new three-bedroom townhouse. Current mortgage costs are $3,965 per month.

As well, Ms. Deane has estimated that her family will save on electricity, heating, insurance, property taxes and maintenance. Even with strata/condo fees of $710 per month at the new place, Ms. Deane calculates overall savings of $4,640 per month.

Props to them for making a smart move.

Nurse practitioners could help fill the void, advocates for the profession say, if more provinces would adopt policies to integrate them into primary care and pay them fairly for their work. Some physicians’ organizations have pushed back against that approach, arguing that NPs don’t have as much training or education as family doctors and therefore should only be funded publicly when they’re embedded in interdisciplinary teams with MDs.

Aren't these the same organizations that have been dragging their feet on recognizing foreign credentials?

I've been seeing a nurse practitioner for the last couple of years. So far, she's provided the same level of care I'm used to from family doctors: prescriptions, forwarding me to specialists when appropriate, providing the usual advice during checkups. It's fine.

https://archive.is/PkAdd

Edit: took out my grumbly summary, since our healthcare spending seems to be middle of the pack, compared to peer countries.

In 2022, Global News said the quiet part out loud: poverty is driving disabled Canadians to consider MAiD. Those “some” who are driven to assisted death because of poverty or an inability to access adequate care deserve to live with dignity and with the resources they need to live as they wish. They should never, ever feel the pressure to choose to die because our social welfare institutions are starved and our health care system has been vandalized through years of austerity and poor management.

Given the way our institutions and economic and political elite create and perpetuate poverty in Canada, particularly among disabled people, we should be particularly sensitive to the implications of the country’s MaiD regime for those who are often ignored when warning about the dangers of the law.

...

While MAiD may be defensible as a means for individuals to exercise personal choice in how they live and how they die when facing illness and pain, it is plainly indefensible when state-induced austerity and mismanagement leads to people choosing to end their lives that have been made unnecessarily miserable. In short, we are killing people for being poor and disabled, which is horrifying.

Is anyone else boycotting Loblaws? I don't have many alternatives, but I'm doing my best to take my business elsewhere.

US regulators have found evidence that TD's anti-money laundering fraud detection is insufficient

For months, analysts have predicted a fine in the range of US$500-million to US$1-billion, but that’s now jumped. “We believe cumulative fines could easily hit $2-billion,” Mr. Dechaine wrote.

Meanwhile, in Canada, TD is facing record fines (archive) from Canadian regulators.

https://archive.is/e0SGA

Let’s start with one of the highest-voltage [third rails] in federal politics: Old Age Security.

OAS only begins to be clawed back once a senior’s income exceeds $91,000. And payments aren’t zeroed out until income hits $148,000 – or $154,000 for those 75 and older. Senior couples earning a quarter-million dollars a year, and living mortgage-free, are getting cheques from younger and (much) lower-income taxpayers.

That has to be fixed. The OAS threshold should be lowered – to, say, $60,000 – and the clawback sharpened, with benefits tapping out at $100,000.

...

End the capital-gains exemption for principal residences. It’s even more untouchable than OAS. It’s also more economically harmful and inequitable.

It pumps up housing prices and pushes more and more national wealth into housing. It’s dumb economics, plus the tax break only goes to the two-thirds of families who own a home. And the richer you are, and the more home you own, the bigger the tax break. It adds up to a hyper-regressive policy to make Canada less productive.

...

Let’s restore the two percentage points of Goods and Services Tax the Harper government cut. Our tax system is too tilted to income taxes, and away from taxes on consumption. And the cut to the GST costs Ottawa about $20-billion a year.

If the GST were raised, some of the proceeds could beef up the tax credit for low-income Canadians.

There's some good stuff in there.

https://archive.is/GDzQG

Interesting article on growth in public sector jobs over the past decade. What I got from it: lots of people were hired during the pandemic to handle pandemic-related initiatives; aside from that, lots of people were hired in general; governments appear to hire in times of economic uncertainty (e.g. growth under Harper during 2008+); federal unions argue staffing levels are returning to "normal".

But the killer is the last section where the author tries to figure out if we're getting value for money. The answer is short and sour: Canadians don't think so, and internal targets aren't being met.

Are Canadians getting bang for their taxpayer buck?

... One way to gauge that is through surveys, which doesn’t leave Canada looking good relative to its international peers. The OECD polls residents at its member countries on their satisfaction with public services such as health care and education, and between 2017 and 2022, Canada experienced the largest decline in satisfaction among G7 countries for education (from 73 to 67 per cent) while the drop in health care satisfaction matched that of the United Kingdom, but to the lowest level in the G7 (from 69 to 56 per cent).

... The share of respondents who said their provincial government had done a “good” or “very good” job fell overall from close to half in the first quarter of 2019 to 30 per cent at the end of 2023. Both B.C. and Quebec, two provinces that have seen public-sector job growth rise particularly quickly, registered some of the worst declines.

... the Office of the Parliamentary Budget Officer (PBO) reviewed four years of results reports to see how the government measured up against nearly 3,000 performance targets it had set for itself. The assessments weren’t promising. For fiscal 2021-22, roughly 25 per cent of targets were not met, up from 20 per cent in 2018-19. But that didn’t capture the full scale of the performance shortfall. One-tenth of performance targets included no information on results, while another one-third stated results would be achieved at some point in the future.

Yeah, that mixes provincial services with federal ones.

https://archive.is/m0qtc