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OT: The News Thread

MindzEye said:
Because it effects a lot more than just a few billionaires in Alberta? There have been thousands of layoffs in the province over the last year. You'd be screaming bloody murder if the same happened in an Ontario industry. For reference, the amount of economic activity that has been cancelled over the last year in Alberta (shelved projects, etc), is more total money than the Ontario automotive industry puts into the Economy in a year. You think that would only effect a few billionaires?
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Ontario has already lost millions of jobs thanks to soaring energy prices. Many shelved projects, and potential new investments that went elsewhere. Even you went from Ontario to Alberta for work, like so many others.
What about those millions affected by soaring profit margins? I'm not one to complain that someone makes a lot of money (KB's claim to fame) but we were past the breaking point already. Oil, and other energy costs, simply must flatten out for us to have any chance of recovering.
 
tumblr_nrug5y41ih1qil3kvo1_r1_1280.png
 
blacksheep said:
Ontario has already lost millions of jobs thanks to soaring energy prices. Many shelved projects, and potential new investments that went elsewhere.
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This is due to politics...."energy" is cheap right now due to market forces. Energy in Ontario is expensive because of politics.


What about those millions affected by soaring profit margins? I'm not one to complain that someone makes a lot of money (KB's claim to fame) but we were past the breaking point already. Oil, and other energy costs, simply must flatten out for us to have any chance of recovering.
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The energy economy hums along just fine when oil is in the 50-80 dollar range, with tons of financial data to back that up. You're conflating the effects of politics on energy in Ontario, with the market price of fuels, which have no real connection.
 
ch.gaschart


So if we're talking about expensive gasoline, the average price of the stuff is almost identical to what it was exactly 10 years ago...so that's a real world decline when you take monetary inflation into account. You can largely thank my industry for that as they've provided a wealth of cheap feed stock to Gulf of Mexico refineries.....refineries that are built and designed to run on heavy oils like Western Canada Select.
 
If jobs are lost due to honest competition then it sucks but that's life.


This of course is not honest competition, it's market manipulations so this sucks especially hard.
 
blacksheep said:
Big time mess in China: http://abcnews.go.com/International...es-tianjin-china-explosions/story?id=33057017
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Yeah, this has been crazy, 40-50 dead so far, hundreds injured. I saw on CNN a reporter was at the hospital doing a report and was attacked by security, and other people there. They were so scared/angry at him. The fires are still going on, so the numbers are likely to go up.

Just saw this video of the explosion filmed from a few blocks away, before they got the hell out of dodge. Language is involved.

[video=youtube;nhsOXdomPNU]https://www.youtube.com/watch?v=nhsOXdomPNU[/video]
 
Aberdeen said:
I feel like they must be way under reporting the d death toll.
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Totally. The shockwave alone would have instantly killed anyone within a reasonable distance from that explosion, never mind the massive fireball that burned everything around to a crisp. In a city of 15 million, and with a few large buildings pretty close to ground zero, that's going to mean a lot of deaths.

But this is communist China, after all. If this wasn't the Internet and smartphone age, they would probably deny that an explosion even happened.
 
Aberdeen said:
I feel like they must be way under reporting the d death toll.
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I agree completely, but with the fires at the site still going, and apparently this was a warehouse for unknown chemicals, the firefighters were pulled back. NO doubt the toll will rise, or should at least. Yet, I am surprised this is not getting more coverage.

Another view of the explosion, this time in Chinese. According to the guy who posted it, the family (his brother) are all okay outside of a chunk of glass in his foot)

[video=youtube;g7FXeaahRsg]https://www.youtube.com/watch?v=g7FXeaahRsg[/video]
 
I think a smaller fire had been burning for a while so they may have evacuated a lot of people ahead of time, but yes it was just too huge a fireball.
 
And some of the after, taken later tha t day via drone.

Some incredible damage.

[video=youtube;XZa48XG7NNM]https://www.youtube.com/watch?v=XZa48XG7NNM[/video]
 
LeafGm said:
Totally. The shockwave alone would have instantly killed anyone within a reasonable distance from that explosion
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When a Cat 797 haul truck catches on fire (doesn't happen often, but has happened), the fire departments doesn't do anything other than set a safe perimeter and let it burn. The tires on those things loaded with such an insane amount of air pressure that when they let go, being within a km of the pressure wave (which lets out from the sidewall) causes your lungs to basically explode inside your chest.

So if that's how deadly a tire's pressure wave is (huge tire, but still only a tire), I don't even want to know how deadly the pressure wave from an explosion like that would be.
 
KingBrodeur said:
I agree completely, but with the fires at the site still going, and apparently this was a warehouse for unknown chemicals, the firefighters were pulled back. NO doubt the toll will rise, or should at least. Yet, I am surprised this is not getting more coverage.

Another view of the explosion, this time in Chinese. According to the guy who posted it, the family (his brother) are all okay outside of a chunk of glass in his foot)

[video=youtube;g7FXeaahRsg]https://www.youtube.com/watch?v=g7FXeaahRsg[/video]
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i read last night that the govt is showing korean soap operas on tv rather than any coverage about the blast.
 
this has been a pretty tough few weeks for china.

if china starts coming apart at the seams a billion strong country that has been spending militarily the way china has been over the past decade could start getting real aggressive.

and people wonder why japan has been trying to puff its chest out a bit recently?
 
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