• 0 Posts
  • 63 Comments
Joined 1 year ago
cake
Cake day: June 18th, 2023

help-circle











  • FTA
    “Postmedia should have gone bankrupt in 2016, when its revenues fell to where they could no longer service its more than $600 million in debt. Then-CEO Paul Godfrey pulled a fast one, however, by replacing its majority hedge fund owner with one from New Jersey and axing about half of the company’s debt to keep the shell game going. Few in Canada noticed the change in ownership, noted the New York Times a few years later, because it “happened so quietly that Postmedia’s own financial news site described it as a debt restructuring.” Postmedia is again under water and facing bankruptcy if Ottawa doesn’t bail it out.”

    Postmedia is done. They exist to pull the country apart. Let them rot.







  • we also have a historical problem of demanding a perfect solution to a complex problem and then being upset when nobody can provide it. Even if someone provides a Very Good solution, the moment it causes financial discomfort for wealthy people you’ll see next-level lobbying and media saturation of “the plan isn’t working.”

    Seeing as we’re currently lacking a multi-faceted plan for this multi-faceted problem, I’d settle for taxing the fuck out of those who own more than 3 single-family houses as a good first step.