Author Archive: Stephen Green

OH, CANADA: When a Tribe Whose Great Great Great Grandparents Once Fished There Now Owns Your Property.

People weren’t even paying attention, and why should they?

You bought your land fair and square, maybe even used ‘title insurance’ to research and cover that bad boy, so there were no competing claims or undiscovered liens.

You’ve been paying for it and paying taxes ON it, maybe for generations if it was family property.

But, sadly, if you live in the People’s Republic of the Canadian North, none of that matters.

The Cowichan – yes, indigenous but nomadic – decided to file a lawsuit almost six years ago. The tribe claimed that the waterfront and island that make up the better parts of the downtown Richmond area were illegally taken from them and needed to be returned, even though the tribe was – again – nomadic and never had an established settlement in the area.

Thanks to long-established Canadian woke wussiness, a B.C. Supreme Court judge agreed with them.

Madness.

NICE GUY:

AFFORDABLE ENERGY SAVES LIVES:

BUBBLES POP: Foreign Investors Trapped in China’s Real Estate Meltdown as $140 Billion Bet Unravels Further.

Foreign money surged into China’s property sector between 2015 and 2020, as investors sought exposure to the world’s fastest-growing real estate market. The pitch was compelling:

Urbanization was still underway.

China’s middle class was expanding.

Property was the dominant savings vehicle for Chinese families.

Developers like Evergrande and Country Garden were aggressive, fast-growing, and seemingly backed by Beijing’s implicit support.

Then came a shock that few saw coming.

In 2020, Beijing imposed “Three Red Lines” financial regulations to curb developer leverage. The move triggered a liquidity crisis that imploded the property market from within.

Within two years, more than 50 major Chinese developers defaulted on debt—including Evergrande, Sunac, Country Garden, and Kaisa—wiping out billions in foreign investor holdings.

Selling real estate assets has become nearly impossible due to plunging demand, frozen financing, and opaque regulations. What makes this crisis worse is capital controls, which restrict transferring sale proceeds outside China — even if a foreign investor somehow finds a buyer.

Exit quote: “This is no longer a cyclical slowdown — it’s a systemic contraction.”

Well, yes — Beijing encouraged a housing development bubble in a country with a shrinking population.

Actually this item from a “distressed debt manager” is the real exit quote: “We didn’t invest in real estate — we invested in a political system we didn’t understand.”

That was one expensive lesson.

MAKE THE MONROE DOCTRINE GREAT AGAIN: How to Make the Americas Great Again. “Will Central and South America be free and aligned with the United States — or will half the Western Hemisphere be forever plagued by cartels, communists and Chinese influence?”

THE NEW SPACE RACE: Duffy says NASA will open Artemis 3 lander contract to competition.

In appearances on CNBC and Fox News on Oct. 20, NASA Acting Administrator Sean Duffy said NASA would allow other companies to compete to land astronauts on the moon for Artemis 3, a mission currently assigned to SpaceX’s Starship under a Human Landing System (HLS) contract awarded in 2021.

“SpaceX had the contract for Artemis 3,” Duffy said on CNBC. “The problem is they’re behind. They push their timelines out, and we’re in a race against China. The president and I want to get to the moon in this president’s term.”

“So, I’m going to open up the contract,” he continued. “I’m going to let other space companies compete with SpaceX, like Blue Origin, and again, whatever one can get us there first, to the moon, we’re going to take.”

Duffy made similar remarks on Fox News. “SpaceX has the contract. SpaceX is an amazing company. They do remarkable things, but they’re behind schedule,” he said. “So, I’m in the process of opening that contract up.”

Good. No contractor should have the luxury of taking anything for granted.

BREAKING: Warner Bros. Discovery says it’s open to a sale; shares jump.

No details yet… developing…

UPDATE: Details coming in.

Netflix and Comcast are among the interested parties, sources told CNBC’s David Faber.

WBD decided to publicly announce it has had interest from multiple parties after rejecting several different bids from Paramount and an offer from another company that was higher than Paramount’s, according to a person familiar with the matter. The WBD board believed Paramount may go public with its bid, which one source described as “higher than what’s been in the press” but below $30 a share, according to the person.

For any buyer that just wants WBD’s studio and streaming assets, acquiring them after a split later this year is better for tax purposes.

Paramount declined to comment.

WBD has faced mounting financial challenges since the 2022 merger of WarnerMedia and Discovery Inc., which saddled the company with over $40 billion in debt. It has since undertaken aggressive cost-cutting, restructured its content pipeline and focused on profitable franchises like “Harry Potter” and “Game of Thrones” spinoffs.

What Hollywood really needs is reinvention, not just shuffling existing properties around between existing giant players.

KRUISER’S MORNING BRIEFING: Shutdowns Are Great Reminders of How Little Government We Need. “Despite the very public breakup between President Trump and Elon Musk, DOGE has been chugging along, trimming financial fat wherever it can. The work hasn’t been grabbing a lot of headlines — accounting isn’t very sexy and sensational — but it’s more important news than any of the No Kings diaper-filling.”

SECOND ORDER EFFECTS, HOW DO THEY WORK? Libya’s Fall and the Day the West Stopped Asking What Comes Next. “In a cruel irony the learned on the left will never admit, Gaddafi’s death was, and symbolized, the end of a dictatorship. It instead marked the death of Libya as a nation—today a marketplace of militias and foreign flags. Not a state. The Lesson the West Keeps Ignoring.”

MORE NUKES IS GOOD NUKES: First liquid-fueled reactor in America: US firm readies to deploy Gen IV reactor by 2026.

“We are leading the race to deploy the country’s first Gen IV nuclear reactor,” said Doug Robison, Founder and CEO of Natura Resources.

He affirmed that the company is on schedule for the 2026 deployment thanks to several key achievements, including a construction license from the Nuclear Regulatory Commission (NRC), a completed reactor facility, a fuel commitment from the Department of Energy, and strong support from the State of Texas.
…
An advanced reactor that uses liquid fuel—molten salts—as both fuel and coolant is called a Liquid-Fueled Molten Salt Reactor (LF-MSR). High operating temperatures and distinctive characteristics set LF-MSRs apart from conventional solid-fuel reactors.

This design enhances safety and efficiency by operating at high temperatures and low pressure. It can also use recycled waste fuel, produces significantly less waste than conventional reactors, and allows for the harvesting of vital medical isotopes used in cancer treatment.

The 1-MW MSR-1 is a precursor to the commercial-scale MSR-100, a 100-MW system designed for grid-scale power generation and produced water desalination.

The MSR-100’s modular components can be factory-built and deployed as needed, significantly lowering capital costs and making it cost-competitive with other baseload power sources like natural gas.

Much more like this, please.

CIVIL RIGHTS UPDATE: Mayors in America’s Gun Control Nirvana Now Want to Take a Supply-Side Approach Their Persistent ‘Gun Violence’ Problem.

Brady President Kris Brown said, “Let’s focus on the supply side.”

Brown said irresponsible gun dealers sell to straw purchasers, weapons traffickers, and often do it off the books.

“Here in California, it’s 10% of the dealers that are responsible for 50% of the guns recovered in crime,” Brown said. …

Richmond Mayor Eduardo Martinez said his officers have been researching the supply side of gun violence.

“We need to make sure that they are penalized for making our streets less safe by providing guns,” Martinez said. “In Richmond, we’ve had the Police Department start identifying the weapons and sourcing them just so that we have and idea of where they’re coming from.”

I suppose Democrat mayors could try arresting and prosecuting criminals, but that would go against every principle of constituent service.

TRON BOMBS: Why Is This Even a Franchise? “The Disney reboot that absolutely “no one asked for” is officially a box office bomb after less than two weeks on theater screens, with rapidly declining ticket sales of just $103 million on a $180 million production budget — and probably half again as much on marketing.”

UPDATED: 4chan Tells UK Web Censor What a Hamster Thinks of Their Threats. “If Harris were in, I am 100% certain Ofcom would be far more aggressive and we’d be looking at least a dozen of these investigations. I’m also sure they’d use treaty procedure, like the Germans did under Biden, and the service would be waved through.”

Indeed.

CORN, POPPED: Patel Close To Cracking Antifa Funding Sources. “A lot of the names (George Soros, Tides Foundation, Alliance for Global justice, Open Society Foundations, ActBlue, etc.) are familiar, though he’s missing Arabella Associates, and Fidelity and Schwab are going to be a shock for some.”