Happy New Year, everyone.
Late last night, there was an earthquake here in BC. This morning, everybody at work was talking about it.
Per news reports, the epicentre was off the coast of Saanich, on the Island.
As for what I felt, it woke me up. I heard a rumbling noise, and there was light shaking for about several seconds.
Election day is today.
Make sure you vote.
Yesterday, as everyone knows by now, marriage equality is now the law of the land everywhere in the United States. The final decision was a 5–4 ruling.
Hooray for the future and equal rights!
The short answer is “too big”.
- Almost $5 trillion is spent in such subsidies. This is about 6.5% of global gross domestic product.
- Coal gets the most subsidies. This finding is new to me. It is also the most disturbing, as coal is one of the worst fossil fuels in terms of pollution and global warming.
- A substantial part of these subsidies are indirect, as in not properly charging for externalities.
- Eliminating these subsidies would have enormous benefits, including increased government revenue, less pollution, and millions of fewer deaths
- Global coordination is not necessary, as a country “going it alone” by eliminating subsidies will still reap benefits.
With the above benefits, it is obviously a great idea to end these subsidies now. Energy companies do not need these subsidies. Indeed, the same way those who are doing just fine don’t need an unpaid cheer squad, those who are doing just fine don’t need coddling from the government either.
The United States has won the Ice Hockey Women’s World Championship. They beat Canada 7–5 in the gold medal game. Finland won bronze, and Germany finished in eighth place and was relegated.
The final rankings are:
- United States
- Germany – relegated to Division I A
Barring a change in format, these will be the pools for the 2016 tournament in Kamloops BC:
|Pool A||Pool B|
|United States||Winner of Division I A|
Tomorrow, the 2015 Ice Hockey Women’s World Championship starts in Sweden. It will be the 25th anniversary of the tournament.
I think that the most likely result will be a similar one to the previous tournament. The top two will be the usual suspects. Finland will probably be third. I am losing confidence in my predictions that Sweden will return to the top four. Japan will likely be relegated.