https://www.ctvnews.ca/canada/milit...at-for-humanity-amid-housing-crisis-1.5915173

OTTAWA -
An email encouraging members of the Canadian Armed Forces to consider contacting Habitat for Humanity if they can't find affordable housing is casting a spotlight on a growing challenge facing many military personnel and their families.

The email was sent by a senior officer at 19 Wing Comox to other members at the Royal Canadian Air Force base on northern Vancouver Island, which is home to the military's search-and-rescue school as well as several squadrons of aircraft.

"Further to our discussion this morning, one potential housing option for our folks is Habitat for Humanity," said the email dated May 5. "Should this be of interest to any of your personnel, please have them review the information located here."

 

 

https://abc7.com/gas-prices-downtown-los-angeles-station-8-a-gallon/11912891/
Downtown LA gas station charges more than $8 a gallon as prices continue to surge nationwide

 

https://abc7.com/gas-prices-downtown-los-angeles-station-8-a-gallon/11912891/
Downtown LA gas station charges more than $8 a gallon as prices continue to surge nationwide

Local stations are getting ready to adjust signs and pumps in case prices exceed $10.00/gallon. Software in some pumps cant handle more than $9.999/gallon.

 

Display price per litre, pint or decigallon.

 

Local stations are getting ready to adjust signs and pumps in case prices exceed $10.00/gallon. Software in some pumps cant handle more than $9.999/gallon.

Do you remember when pumps had to be reworked just to handle over $1.00 per gallon?

Ron

 

Do you remember when pumps had to be reworked just to handle over $1.00 per gallon?

Ron

Some were still mechanical so it wasn't just a software issue. Some had a sticker of a "1" on the pump next to the LCD display. That was about 1980 - 82 time frame. Interestingly, there were times long after that (late 1990s) where I paid under $1 again. And for about a week in April 2020 when stations had gas ordered and tankers on the road but no space in their underground storage tanks. I paid $0.85 for one tank full.

 

Some were still mechanical so it wasn't just a software issue. Some had a sticker of a "1" on the pump next to the LCD display. That was about 1980 - 82 time frame. Interestingly, there were times long after that (late 1990s) where I paid under $1 again. And for about a week in April 2020 when stations had gas ordered and tankers on the road but no space in their underground storage tanks. I paid $0.85 for one tank full.

That's right, never gave it much thought. My early memory once I could drive, circa 1966 was the Gulf station on the corner for $0.26 a gallon. Seriously today I am glad I am retired. I fill my wife's truck (a 99 Chevy Tahoe) and it sits out there for a month or two. Just this weekend we had a granddaughter graduate about 130 miles due south (Columbus, Ohio) and next week we have the grandson down in Columbus. Likely the furthest I have driven in a year or two. In July we have a trip to W. Va. planned and that's it for the year. I feel for those having long drives, this sucks.

Ron

 

That's right, never gave it much thought. My early memory once I could drive, circa 1966 was the Gulf station on the corner for $0.26 a gallon. Seriously today I am glad I am retired. I fill my wife's truck (a 99 Chevy Tahoe) and it sits out there for a month or two. Just this weekend we had a granddaughter graduate about 130 miles due south (Columbus, Ohio) and next week we have the grandson down in Columbus. Likely the furthest I have driven in a year or two. In July we have a trip to W. Va. planned and that's it for the year. I feel for those having long drives, this sucks.

Ron

Back in those early days of LCDs in gas pumps, I lived in Helena, MT for a year doing some gas surveys. That winter, was especially cold and the new 7-segment LCD displays on the gas pump froze and the attendant didn't know what to do. By mid-morning the owner declared an emergency and decided to charge by the size of the car $10, $15 or $20 until the weather improved.

 

https://www.wsj.com/articles/missed...put-buy-now-pay-later-to-the-test-11654033930
Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test


before they hatch...

 

https://www.wsj.com/articles/missed...put-buy-now-pay-later-to-the-test-11654033930
Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test

View attachment 268606
before they hatch...

Unfortunate timing on that article. Square (SQ) is up more than 6% today. Someone should tell Square that the author thinks their business is troubled.

 

Unfortunate timing on that article. Square (SQ) is up more than 6% today. Someone should tell Square that the author thinks their business is troubled.

?

 

Time to check your generators and power backup systems.
https://www.newsnationnow.com/science/parts-of-us-could-see-power-blackouts-in-heat-of-summer/

Large parts of the country could see rolling power blackouts on some of the hottest days of the summer this year.

Extreme weather, according to Reuters, is causing increasing challenges for power grids across the United States. Officials are concerned that the record heat and drought the country has seen could mean rotating blackouts in several regions.

A May report from the North American Electric Reliability Corporation said a combination of drought, heat, potential cyberattacks, geopolitical conflicts and supply chain problems could disrupt the power supply.

NERC’s report said the Midwest is at especially high risk because of the retirement of older energy plants, causing decreased capacity from last summer and increased demand.

 

@Reloadron

I remember gas at $0.25. And the “1” stickers on the pumps.

 

@Reloadron

I remember gas at $0.25. And the “1” stickers on the pumps.

Yes, gas was $0.25 and wages were just as low. Look at the inflation adjusted prices.

https://inflationdata.com/articles/inflation-adjusted-prices/inflation-adjusted-gasoline-prices/

 

Time to check your generators and power backup systems.
https://www.newsnationnow.com/science/parts-of-us-could-see-power-blackouts-in-heat-of-summer/

Armed and ready sir. Even have backup to the backup. More than enough power for the AC (Air Conditioner) and to share with neighbors. Actually here in Ohio the next two weeks we are looking at slightly below average temperatures while out west it looks hot and dry. WE had some 90s but the past few days beautiful 70s.

Ron

 

https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.

The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.

On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared with respective estimates of 0.7% and 0.5%.

Surging shelter, gasoline and food prices all contributed to the increase.

Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession.

The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead.

“Obviously, nothing is good in this report,” said Julian Brigden, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.”

 

there is a lot of spending going on while economy is hurting and pretty sure printing money has an effect on inflation.
to really put it into perspective one need to express it in a way that really captures imagination. so they are not exactly printing $100 bills to put into circulation. Most of it is in $20 bills and of course devalues money you have. so for example $40bn USD aid to Ukraine (just to name one) in $20 bills is weighing some 2200tons. if a semi truck can carry 20 tons, that is a convoy of 110 trucks loaded with cash.
then there was nearly $100bn in weapons left in Afghanistan or another 275 semi trucks loaded with cash. all of this is coming out of someone's pocket and it is not government. funding things overseas costs a lot too. Pentagon just admitted to have financed biolabs in Ukraine. and we are not talking about one or two labs either... it is 46 biolabs and that is in Ukraine alone. Who knows how many more are in China and other countries. all the spending is paid by taxes collected from working people. oh well...

 

there is a lot of spending going on while economy is hurting and pretty sure printing money has an effect on inflation.
to really put it into perspective one need to express it in a way that really captures imagination. so they are not exactly printing $100 bills to put into circulation. Most of it is in $20 bills and of course devalues money you have. so for example $40bn USD aid to Ukraine (just to name one) in $20 bills is weighing some 2200tons. if a semi truck can carry 20 tons, that is a convoy of 110 trucks loaded with cash.
then there was nearly $100bn in weapons left in Afghanistan or another 275 semi trucks loaded with cash. all of this is coming out of someone's pocket and it is not government. funding things overseas costs a lot too. Pentagon just admitted to have financed biolabs in Ukraine. and we are not talking about one or two labs either... it is 46 biolabs and that is in Ukraine alone. Who knows how many more are in China and other countries. all the spending is paid by taxes collected from working people. oh well...

"Printing money" is a euphemism. It means adding money to an economy. Money is added to the economy by the federal government spending more than it makes (building up military, by giving subsidies to various entities, by cutting taxes, or simply lending money from the central bank (The Fed) at a very low rate. Most banking is done electronically and cash ("printed money") is shrinking each year. Thst is, there are not truckloads of money being added to the economy for the sake of just someone pouring it into the system.

Also, there has been very little cash given to Ukraine, it is equivalent value of military weapons, meals, uniforms, spy/monitoring/communication systems). In this case, the items are replenished so it is actually the military contractors that are selling the goods and making a profit.

 

physical form of payment does not matter. whether they print it or not does not matter.
money still has to come from somewhere and government does not earn money. it collects it through taxation.
everything that government spends on anything is taken out of taxpayer pocket.
and the paper bill example was used just to help visualize volume. and it is staggering...