Friday, April 3, 2026

Your Mission: "place all major technological innovations in history on a timeline, together with the connections between them"

So, a mashup of Diderot, he of the Encyclopédie and James Burke who brought us Connections.*

That's rather ambitious; 

From Asterisk Magazine, Issue 10:

The Universal Tech Tree
Étienne Fortier-Dubois

When we try and pick out any technology in isolation, we find it hitched, in some way, to every innovation that preceded it. (Except for the Oldowan hand axe. We had to start somewhere.)

What do firearms and cameras have in common? One answer is shared vocabulary: load, aim, shoot. The etymological origins of this relatedness are murky. People likely borrowed language about firearms — which are over 500 years older than photography — to talk about cameras, which are operated in a similar manner.  But in the case of the movie camera, the connection is concrete.

The first movie camera is generally considered to be the kinetograph, invented in 1891 by Thomas Edison and William Kennedy Dickson, an inventor at the Edison lab. Two years earlier, Edison had travelled to Paris to the Exposition Universelle of 1889, a world’s fair, to showcase his company’s phonograph. There, he met with Étienne-Jules Marey, a French scientist who had begun his career studying blood circulation, and who had developed an interest in chronophotography partly out of his work on physiology. Chronophotography consists of taking multiple photographs in quick succession to capture movement. 

A famous early achievement of the technique is The Horse in Motion, a series of photographs taken by Eadweard Muybridge in 1878 that proved something Marey had asserted years earlier: For a brief moment in gallop, a horse has all four hooves off the ground. Encouraged by Muybridge, Marey developed an improved device to take chronophotographs. The resulting design, the “photographic gun,” featured a long barrel derived from existing firearms. We don’t know what transpired between Marey and Edison, but it seems likely that Marey’s design inspired the kinetograph. Coincidentally (or not), the Online Etymology Dictionary’s entry for “shoot” claims “the meaning ‘to photograph’ (especially a movie) is from 1890” — around the time of the kinetograph’s invention.

Marey himself had been inspired by the invention of another Frenchman, the astronomer Pierre Janssen. In 1874, hoping to capture images of the transit of Venus, Janssen created a device he called the “photographic revolver.” It looked like a large telescope. Inside, it hosted a complex camera that used a revolving apparatus to take several images in quick succession. The resulting eight seconds of the black dot of Venus moving across the sun disk are often recognized as the first motion picture in history. 1

Prior to Jansenn’s invention, revolving components had not been used in photography or astronomy. They came from the Colt Paterson revolver, a handgun popular in the U.S. since its mid-19th century creation by Samuel Colt. Thus, we can reconstruct a genealogical succession of ideas: Colt inspired Janssen, who inspired Marey, who likely inspired Edison (who then inspired the Lumière brothers and further developments in filmmaking). 

We can go further back still. Colt improved the revolver and made its mass production commercially viable, but he did not invent it. Nor was it a particularly recent development: Guns with a revolving barrel have existed since the 16th century. A German revolver dates from 1597, but there are even older specimens. The xun lei chong, a Chinese revolving musket, also dates from this period.

It makes sense: The 1500s were a time of great innovation in firing mechanisms for muskets and arquebuses, with developments like the wheellock (which used a spinning metal wheel against pyrite to create sparks), snaplock (which struck flint against steel using a spring-loaded arm), and flintlock (which improved on the snaplock with a combined hammer-flint holder). Volley guns made of multiple cannons existed in England since at least the 1330s. These were descendants, in turn, of simpler cannons that stem from the invention of gunpowder in China in the 800s. It stands to reason that eventually someone in Europe would think of making a spinning mechanism to allow a weapon to fire multiple shots in quick succession. 

And yet, if you’re anything like me, most of what you just read was probably surprising. We don’t typically associate revolvers with the 1500s, or, for that matter, with movie cameras. 

The reason I learned about this — and dozens of anecdotes around other inventions — is that I have been working on a quixotic project to place all major technological innovations in history on a timeline, together with the connections between them. The goal is to situate stories like that of the revolver and camera in their historical context, notice patterns, and understand the logic of the history of technology. The result is an interactive visualization that I call the historical tech tree....

....MUCH MORE 

On Burke:

November 2016 - "James Burke’s New Project Aims to Help us Deal with Change, Think Connectively, and Benefit from Surprise"

November 2013 -  When Storylines Intersect: China's Plenum Reforms Not Good For Australian Commodities

The first law of ecology: Everything is connected.*
-------
*The law made a small fortune for James Burke:
Connections explores an Alternative View of Change (the subtitle of the series) that rejects the conventional linear and teleological view of historical progress. Burke contends that one cannot consider the development of any particular piece of the modern world in isolation.

Rather, the entire gestalt of the modern world is the result of a web of interconnected events, each one consisting of a person or group acting for reasons of their own (e.g., profit, curiosity, religious) motivations with no concept of the final, modern result of what either their or their contemporaries' actions finally led to. The interplay of the results of these isolated events is what drives history and innovation, and is also the main focus of the series and its sequels.

To demonstrate this view, Burke begins each episode with a particular event or innovation in the past (usually Ancient or Medieval times) and traces the path from that event through a series of seemingly unrelated connections to a fundamental and essential aspect of the modern world. For example, The Long Chain episode traces the invention of plastics from the development of the fluyt, a type of Dutch cargo ship.
Watch the full documentary now (30 episodes, each 45 minutes long)
Connections (1978)
1. The Trigger Effect details the world’s present dependence on complex technological networks through a detailed narrative of New York City and the power blackout of 1965.

2. Death in the Morning examines the standardization of precious metal with the touchstone in the ancient world.

3. Distant Voices suggests that telecommunications exist because Normans had stirrups for horse riding which in turn led them to further advancements in warfare.

4. Faith in Numbers examines the transition from the Middle Ages to the Renaissance from the perspective of how commercialism, climate change and the Black Death influenced cultural development.

5. The Wheel of Fortune traces astrological knowledge in ancient Greek manuscripts from Baghdad’s founder, Caliph Al-Mansur, via the Muslim monastery/medical school at Gundeshapur, to the medieval Church’s need for alarm clocks (the water horologium and the verge and foliot clock).

6. Thunder in the Skies implicates the Little Ice Age (ca. 1250-1300 AD) in the invention of the chimney, as well as knitting, buttons, wainscoting, wall tapestries, wall plastering, glass windows, and the practice of privacy for sleeping and sex.

7. The Long Chain traces the invention of the Fluyt freighter in Holland in the 1500s. Voyages were insured by Edward Lloyd (Lloyd's of London) if the ships hulls were covered in pitch and tar which came from the colonies until the American Revolution in 1776.

8. Eat, Drink and Be Merry begins with plastic, the plastic credit card and the concept of credit then leaps back in time to to the Dukes of Burgundy, which was the first state to use credit
.
...MUCH MORE, although the original links to YouTube have been pulled, a bit of searching (cough*vimeo*cough) shows the vids are still on the web.

And Diderot:

May 2024 -  Work And The Encylopédie

March 2019 -  Diderot: "The Man Who Questioned Everything"

As noted in "So You Think You're Smart: The Last Person To Know Everything" the publication of Diderot's Encyclopédie probably marks “the end of an era in which a single human being was able to comprehend the totality of knowledge.” 

Combined with the "questioning everything" he was either a blast at parties or an insufferable bore.... 
*****
https://c1.staticflickr.com/4/3635/3397858623_ff8e4ce060.jpg
Anatomy of a Blogger, after Diderot’s Encyclopédie, ou dictionnaire raisonné 
des sciences, des arts et des métiers by Mike Licht via flickr

"El Niño to shape 2026 Atlantic hurricane season. US landfall threat remains: Accuweather"

It's possible we'll be reading "A tale of two hurricane seasons" by the end of November. 

From the cat bond (and ILS and re/insurance and...) mavens at Artemis, March 30:

The 2026 Atlantic hurricane season will be shaped by shifting climate patterns in the Pacific, as a developing El Niño may influence and perhaps depress tropical storm formation, but a forecast from Accuweather highlights the potential for rapid intensification and warns of three to five direct storm impacts on the United States. 

Waters are already warm in the Atlantic, Caribbean and Gulf in regions where early tropical storm formation has tended to occur, which leads Accuweather to forecast a chance of an earlier start to the 2026 Atlantic hurricane season.

As a result, “It may not take much to have tropical activity fire up around the same time that the season officially gets underway,” Accuweather explained.

Adding that, “The early part of the hurricane season is when “homegrown development” is most frequent. This can happen if a storm or front that moves across North America stalls over the Gulf, western Caribbean or western Atlantic Ocean. As it sits over warm water, it may eventually transform into a tropical depression, tropical storm or even a hurricane.

“When storms develop so close to land, it means there is less time for coastal residents to prepare for potential impacts.”

But, El Niño conditions are expected to be the main influence to the overall season in terms of hurricane and storm formation, meaning storm numbers may be around or even below historical averages, Accuweather explains.

As a result, the Accuweather early forecast for 2026 Atlantic tropical storm and hurricane activity calls for 11 to 16 named storms, with between four to seven hurricanes and two to four intensifying to become major hurricanes of Category 3 or higher.

In addition, Accuweather forecasts between three and five direct storm impacts on the United States in the 2026 hurricane season, although these could be named tropical storms or stronger.

However, they also explain that, “A direct impact to land can occur even if a storm doesn’t make landfall. It can also include tropical-storm-force winds reaching land, flooding rain from a storm just offshore, or a storm surge of at least 2 feet along the coast.”

While El Nino is expected to continue developing, some forecasts suggest it could be quite strong by later in the year, and this can depress storm formation it does not mean the season will be uneventful in human and financial impact terms. Just one storm can cause severe impacts to lives and livelihoods, as well as to insured and uninsured assets....

....MUCH MORE 

"Iran state TV warns public against disclosing officials’ hiding places"

The story is probably not related to the fact there is a solo American Air Force officer on the loose in Iran

From Iran International, April 2: 

Iranian state television has escalated its messaging by warning citizens not to reveal the locations of officials hiding among civilians, while increasingly portraying dissent as hostile action and labeling protesters “enemy combatants.”

As the regional conflict involving Iran, Israel, and the United States escalates, Iran’s state broadcaster, Islamic Republic of Iran Broadcasting (IRIB), has undergone a marked transformation in tone and language.

Once associated with rigid but largely diplomatic messaging, IRIB now frequently adopts rhetoric that is overtly confrontational, reflecting both wartime pressures and an effort by authorities to project defiance amid mounting military strain.

In a segment of a program on Iran’s state broadcaster, presenter Mohammad Jafar Khosravi acknowledged that officials are hiding in safe houses among ordinary citizens and urged the public not to reveal their locations, warning that otherwise they would be “finished” and targeted.

One of the clearest examples of the belligerent rhetoric emerged in the early days of the war, when Police Commander Ahmad Reza Radan addressed unrest linked to the war. Speaking on state television, he warned that anyone protesting “at the will of the enemy” would no longer be treated as a civilian but as an “enemy combatant,” signaling a sharp escalation in how the state frames internal dissent.

Alongside this shift, dehumanizing language toward foreign adversaries has become increasingly common. Following intensified strikes in late February, IRIB hosts and commentators repeatedly described Israeli officials as “rabid dogs,” portraying them as threats that must be eliminated.

Foreign-based Persian-language outlets were also targeted, with Iran International labeled a “satanic network” and its regional offices described as “legitimate military targets.”

The rhetoric has been accompanied by a growing dismissal of international legal norms. On multiple Press TV programs in March, officials and state-aligned analysts argued that institutions such as the United Nations and international humanitarian law serve Western interests.

Some suggested that commercial vessels, banks, and private companies linked to “belligerent nations” could be treated as military targets, rejecting long-standing principles of civilian protection.

The escalation in tone extends beyond broadcast television. On social media platform X, IRIB presenters have engaged in increasingly personal exchanges with Israeli officials....

....MUCH MORE 

Iran International front page

"Officials say crewmember aboard downed US jet has been found, search continuing for the 2nd"

Lifted in toto from the Times of Israel, April 3: 

One of the American aircrew members whose fighter jet was shot down over Iran earlier today has been rescued alive, US and Israeli officials say.

“One crew member from the downed jet was rescued by American forces,” CBS News reports, citing two US officials. An Israeli official also tells media in Israel that one crew member was rescued.

Search efforts are ongoing for the second crewmember.

The Israeli official also says the Israeli Air Force postponed strikes in areas of Iran where the search efforts are taking place.

A US official confirmed earlier that a fighter jet was shot down over Iran and that a search-and-rescue operation is underway for any survivors.

Times of Israel daily liveblog:

https://www.timesofisrael.com/liveblog-april-3-2026/ 

Hmmm....The Latest Update To The Atlanta Fed GDP Estimate Does Not Satisfy

This is why I was thinking about stagflation in the post immediately below:

"The End of Artificial Employment" (special bonus: what causes stagflation?) 

From the Federal Reserve Bank of Atlanta's GDPNow, April 2: 

1.6%

Latest GDPNow Estimate for 2026:Q1
Updated: April 02, 2026 

More troubling is how we got here:

Evolution of Atlanta Fed GDPNow real GDP estimate for 2026:Q1

Quarterly percent change (SAAR) 

https://www.atlantafed.org/-/media/Project/Atlanta/FRBA/Images/cqer/research/gdpnow/gdpnow-forecast-evolution.webp?w=1996&hash=4ED8555B4DFE79F8F63BD5413CD0A415 

The commentaries for the 75 most recent GDPNow updates are below, starting with the latest estimate.

April 02, 2026

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2026 is 1.6 percent on April 2, down from 1.9 percent on April 1. After this morning’s international trade report from the US Census Bureau and the US Bureau of Economic Analysis, an increase in the nowcast of first-quarter real gross private domestic investment growth from 4.9 percent to 6.6 percent was more than offset by decreases in the nowcasts of first-quarter personal consumption expenditures growth from 1.5 percent to 1.4 percent and the contribution of net exports to first-quarter real GDP growth from -0.23 percentage points to -0.76 percentage points.

....MUCH MORE 

And even more troubling, as we've observed over the years, the Atlanta Fed's model tends to run hot until it converges with the first (flash) actual GDP report.

Hmmm... 

"The End of Artificial Employment" (special bonus: what causes stagflation?)

From Mises.org, February 23:

The real scandal of our time is not that artificial intelligence is replacing human labor. The scandal is that so much of that labor was misallocated to begin with. AI is not the killer—it is the coroner.

For decades, vast portions of the workforce have been diverted away from productive enterprise into roles sustained not by consumer demand, but by the state: artificial credit, regulatory protection, state contracts, and legal coercion. Entire departments and job functions endured not because they created value, but because they were politically entrenched and institutionally shielded from market forces.

This was never sustainable. In a free market, every expense must be justified by service to the consumer. But under interventionist rule, firms become bureaucratic shells, propped up by privilege. Jobs no longer exist to produce, but to manage compliance, simulate productivity, perform DEI rituals, and coordinate ever-expanding layers of meaningless supervision.

What we’re witnessing today is not a disruption caused by AI: it is the terminal stage of the statist order. AI merely hastened the reckoning. It exposed the absurdity of arrangements that should never have existed. They are not being replaced by machines. They are being destroyed by truth.

Yet the deeper tragedy is not the liquidation of artificial jobs, it is that no real jobs are allowed to replace them. The economy is no longer permitted to reallocate labor. The state has rendered economic correction illegal.

In starting a small business, regulation and taxes strangle you before your first invoice. You cannot grow organically—compliance costs and reporting burdens scale faster than your revenues. You cannot hire freely—labor laws and credentialing barriers exclude the most productive and most willing. You cannot even work informally—licenses, audits, and fines ensure that peaceful production outside state channels is criminalized.

Meanwhile, the few mega-corporations still standing—capable of navigating the legal labyrinth—are bloated beyond reason, hemorrhaging staff they never needed but were afraid to cut. These firms are so deeply entwined with the state that they cannot function without its support, yet are simultaneously being suffocated by its mandates. The very system that once protected them is now destroying them....

....MORE 

Also at Mises Feb 23:

What Causes Stagflation? 

Mises Wire Frank Shostak

In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to around 12 percent.

Friedman’s Explanation of Stagflation...

On second thought, stagflation in your Easter basket may not be the special bonus I had first believed. 

"Older women set to inherit most of $54 trillion in ‘great wealth transfer’ to widowed spouses"

I wonder if the investment advisors who have been waiting twenty years for the "great transfer" understand that the great transfer will take place in two stages and that by the time the older women start passing on that the RIAs themselves will be retired?

From CNBC, March 14:

  • An estimated $54 trillion is expected to pass on to spouses during the so-called great wealth transfer, with $40 trillion of it going to women who are baby boomers or older, the research shows.
  • This is largely because the average life span for males in the U.S. is 76.5 years as of 2024, compared with 81.4 years for females.
  • Older women whose spouses have traditionally handled investments and long-term planning may want to make sure they at least know some basics, financial advisors say.

For many married women, one of the biggest financial transitions of their lives will come when it’s least welcome: after the death of their spouse.

Women, on average, live longer than men — a longevity gap that means many wives will outlive their husbands. At birth, the average life span for males in the U.S. is 76.5 years as of 2024, according to the Centers for Disease Control and Prevention. For women, that average is 81.4 years.

The gap shrinks once you reach age 65. At that point, life expectancy for men is another 18.4 years, or to age 83.4, according to the CDC data. For women, that average is 20.8 years, or age 85.8.

That difference in life span means women are expected to receive most of the spouse-to-spouse wealth that gets passed on during the so-called great wealth transfer. That’s a period between 2024 and 2048 when an estimated $124 trillion will be passed on largely by baby boomers — those born 1946 to 1964 — and older generations, according to research from Cerulli Associates.

Of that amount, an estimated $54 trillion will get passed on to widowed spouses — 95% of which will go to women, according to Cerulli Associates. And, $40 trillion of it will go to widowed women who are baby boomers or older, the research shows....

....MUCH MORE 

"One of Florence’s Oldest Families and Its 600-Year Archive"

From the New York Times Magazine, May 11, 2016:

The Corsinis kept a record detailing their every decision — and every ledger, bill and correspondence they ever produced.

“IN THE NAME OF GOD and of the Virgin Mary and all the Saints of Paradise,” the story begins, “this book belongs to Matteo di Nicholò Chorsini, and in it I, the said Matteo, will write down every thing of mine and other facts about me and my land and houses and other goods of mine.”

The year was 1362. A trader in woolen cloth, Matteo Corsini had just returned from years abroad with enough money to buy property around San Casciano, 11 miles south of Florence. From then on and for 600 years his descendants followed his example, writing down everything about themselves and preserving everything they wrote. Again and again, huge old books of accounts begin with an invocation to God the Father, Son and Holy Spirit, then proceed to list endless incomings and outgoings, profits and losses. But mainly profits. By the 17th century the Corsinis would be among the richest families in Florence.

“At what point,” I ask Duccio Corsini, present head of the family, “did they start to think of their papers as an archive?” We are standing at the window in the grand villa that was eventually built on the land his ancestor bought and where all these papers have recently been gathered.

“From the very beginning,” he replies proudly. “It was a Florentine thing.”

In fact, all the Florentine merchant bankers of the Renaissance could be recognized, it was said, by their “ink-stained fingers.” Partly it was a matter of careful accounting, but also of passing on family identity and attitudes from one generation to the next. Up to the 17th century the papers in the Corsini archive were written by men who all bore the same half-dozen “Corsini names” — Filippo, Tommaso, Duccio, Neri, Bartolomeo, Andrea — as if they were hardly individuals but temporary representatives of an ongoing family project. 

Built in the 14th century but massively enlarged in the 16th, Villa le Corti is a half hour from Florence by winding road. The sweep of vineyards and olive groves is breathtaking, as is the view of the villa, a white stuccoed pile topped with two towers set in geometric lawns. Do not, however, expect comfort inside. When Duccio and his wife, Clotilde, moved here in 1992, the house had not been lived in for almost a century. “Because,” Duccio observes knowingly, “when you have so much it gets hard to use it all.” The couple renovated a small part of the building for themselves, transformed the cellars under the lawn into a restaurant and a shop for their wine and olive oil production and started arranging visitor attractions such as cooking lessons and wine-tasting sessions.

But the rest of the house stood empty. The decision last year to have the archive moved here from its previous home in the family’s grand palazzo in Florence was thus part of a business plan to bring the villa back to life — the papers attract a steady stream of scholars — and place it at the heart of the family enterprise. “In the end,” remarks Duccio, “it was mostly about money.”

Moving the Corsini papers was itself extremely expensive, the largest operation of its kind since Florence’s huge state archive was relocated in 1989. Four thousand feet of steel shelving had to be set up and more than 12,000 files resettled. Since the villa wasn’t in any way designed for this purpose, there is no specific entry point, nor any easily apparent order to the rooms. All the same, wherever you come in to the archive you are immediately overwhelmed by an intense awareness of paper. This is not the experience of an ordinary library where parallel lines of standardized print in neatly bound volumes seem to detach the words from the material they depend on. Here, bundle after bundle of raw papers are tied together with string and squeezed into shelves, from floor to ceiling. There is the thick sepia-toned, slightly porous paper of the 1400s and the ultrathin glossy correspondence paper of the 19th century. There are papers with elaborate watermarks, and with tiny cuts made in the 16th century to show that the surface had been disinfected against the plague. Some papers have been eaten away by silverfish; others have gotten wet and smudged. Scratchy nibs have poked holes. A name is missing. A date. At every point you are made conscious of the moment in which event was turned into document.

The near impossibility of keeping these papers in any kind of order makes you realize how dense and elusive real life is.

I arrive at Villa le Corti at 9 a.m. Clotilde orders coffee and I am soon settled down in a tepidly heated room and introduced to the archivist, Nada Bacic, originally from Croatia. As she pours espresso from a silver pot, we speak Italian, each with our foreign accents, and then set off into the past. The archive is spread through a half-dozen rooms, some little more than cubbies, others as grand as they are cold, one with a taxidermied eagle hanging from the ceiling. Stone stairs and oaken doors abound.

In the bottom left corner of the smallest room are Matteo Corsini’s “Recollections” but this is a copy, made in 1475. The difference between a merchant’s handwriting and a scrivener’s is clear enough, the one scrawled and bold, the other neat and careful. In any event, Italian calligraphy has changed so much since then that both are largely illegible to anyone who isn’t an expert. To digitize here would cost a fortune and take an age.

Opening an early tome, I stumble on the last will and testament of Cardinal Pietro Corsini who died in 1403. Written in both Latin and Italian, it fills a thick book 18 inches tall. The fine clothes he is dressed in for burial, the cardinal warns, must not be removed from his body. Two hundred gold florins are left to a monastery, on condition that the monks recognize a “solemn obligation” to say prayers for the cardinal’s soul “in perpetuity.”

After various commercial ups and downs the Corsinis consolidated their fortune in the 16th century when three brothers, Filippo, Bartolomeo and Lorenzo, simultaneously ran three merchant banks in London, Lyons and Florence. Bacic asks my help to shift a 15-foot-long bench, behind which the brothers’ correspondence is stacked in a dozen mammoth white-and-gold folders. Some of the messages are coded, substituting numbers for letters, to protect business secrets. In 1579, I read, a consignment of wool has disappeared from a ship in Lisbon. In 1583 Bartolomeo in Lyons reports being feverish and sweating through three shirts every night. “But our business in Naples is going well,” he assures Filippo in London....

....MUCH MORE

U.N. "FAO Food Price Index Rises For A Second Consecutive Month..."

From the Food and Agriculture Organization of the United Nations, April 3:

» The FAO Food Price Index* (FFPI) averaged 128.5 points in March 2026, up 3.0 points (2.4 percent) from its revised February level, marking a second consecutive month of increase. Price indices across all commodity groups—cereals, meat, dairy, vegetable oils and sugar—rose to varying degrees, reflecting not only underlying market fundamentals but also responses to higher energy prices linked to the conflict escalation in the Near East. Compared to historical levels, the FFPI stood 1.2 points (1.0 percent) above its value a year ago but remained as much as 31.7 points (19.8 percent) below the peak reached in March 2022.

» The FAO Cereal Price Index averaged 110.4 points in March, up 1.7 points (1.5 percent) from February and 0.7 points (0.6 percent) from its year-earlier level. The increase reflected higher quotations for all major cereals except rice. International wheat prices rose by 4.3 percent, supported by deteriorating crop condition ratings in the United States of America amid drought concerns and expectations of reduced plantings in Australia in response to anticipated higher fertilizer costs. These upward pressures were partly offset by generally favourable crop conditions in Europe and strong competition among exporters, underpinned by still comfortable supply levels. World maize prices increased by only 0.9 percent, as ample global availability continued to weigh on markets, despite some support from fertilizer affordability concerns ahead of northern‑hemisphere planting and indirect support from improved ethanol demand prospects linked to higher energy prices. Prices of barley and sorghum also increased. By contrast, the FAO All Rice Price Index declined by 3.0 percent in March 2026, reflecting price decreases across all major market segments, driven by a combination of harvest pressure, weaker import demand, and currency depreciations against the United States dollar.

» The FAO Vegetable Oil Price Index averaged 183.1 points in March, up 8.9 points (5.1 percent) from February and marking a third consecutive monthly increase. The index also stood 21.3 points (13.2 percent) above its level one year ago. The continued increase was driven by higher quotations across palm, soy, sunflower and rapeseed oils. International palm oil prices reached their highest level since mid-2022 and moved to a premium over soyoil, largely reflecting spillover effects from the sharp increases in crude oil prices, while lower-than-expected production estimates in Malaysia provided additional support. World soyoil prices edged up only marginally, as expectations of stronger biofuel uptake in the United States of America were partly offset by seasonally rising export supplies from South America. Meanwhile, international sunflower and rapeseed oil prices were underpinned, respectively, by lingering supply tightness in the Black Sea region and prospects of stronger feedstock demand amid substantially elevated world energy prices.

» The FAO Meat Price Index averaged 127.7 points in March, up 1.2 points (1.0 percent) from February and 9.4 points (8.0 percent) above its level a year ago. The increase was mainly driven by higher pig meat prices, alongside a modest rise in bovine meat quotations, while ovine and poultry meat prices softened. Pig meat prices surged, underpinned by rising quotations in the European Union ahead of strengthening seasonal demand. World bovine meat prices also rose, led by Brazil, where tightening cattle availability curtailed exportable supplies against the backdrop of solid global demand; this was partly offset by stable prices in Australia, supported by ample availability. By contrast, ovine meat prices declined due to increased export supplies from New Zealand, although firmer prices in Australia—supported by sustained demand in key markets—partly mitigated the decline, despite higher tariffs imposed by the United States of America and logistical constraints affecting access to the Near East markets. World poultry meat prices edged lower, reflecting weaker quotations in Brazil amid ample supplies and steady import demand, with shipments to key Near East destinations rerouted through the Red Sea.

» The FAO Dairy Price Index averaged 120.9 points, up 1.5 points (1.2 percent) in March, but remained 27.8 points (18.7 percent) below its level a year earlier. This marked the first increase since July 2025, driven primarily by higher quotations for skim milk powder (SMP), butter, and whole milk powder (WMP), while lower international cheese prices limited the overall rise. SMP and WMP prices extended the upward trend observed since January, supported by firm global import demand and a seasonal decline in milk supplies in Oceania as the production cycle moved past its peak.  International butter prices also edged up, with stronger gains in Oceania reflecting tightening milk fat availability, while increases in the European Union remained moderate due to comfortable cream supplies amid improving seasonal milk flows. By contrast, cheese prices declined further in the European Union, where increased milk availability, higher cheese output, and subdued export demand weighed on quotations, while prices in Oceania firmed, supported by tighter supply conditions and relatively strong demand....

....MUCH MORE 

Thursday, April 2, 2026

"Iran and Oman drafting protocol to ‘monitor’ Hormuz Strait traffic: IRNA"

From CNBC, Apr 2:

  • Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported.
  • Tanker traffic through the key global oil transit route “should be supervised and coordinated” with the two countries, said Iranian official Kazem Gharibabadi, according to the report.
  • U.S. stock indexes, which were trading sharply lower after President Donald Trump’s national address on the Iran war, suddenly turned higher following the report. 

Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported Thursday morning, citing an official.

Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of legal and international affairs, according to a translation of IRNA’s report.

“Of course, these requirements will not mean restrictions, but rather to facilitate and ensure safe passage and provide better services to ships that pass through this route,” Gharibabadi reportedly said.

U.S. stock indexes, which were trading sharply lower Thursday morning after President Donald Trump signaled that the Iran war will continue for weeks to come, suddenly turned higher following IRNA’s report....

....MUCH MORE 

"Bypass the Strait of Hormuz with nuclear explosives? The US studied that in Panama and Colombia in the 1960s"

The Gingrich story dropped out of one of the feedreaders in mid-March and my first thought was "How very Soviet."*

From The Conversation, April 2:

With the world struggling to get oil supplies moving from the Middle East, former House Speaker Newt Gingrich raised eyebrows with a social media post highlighting a radical idea: Use nuclear bombs to cut a new channel along a route that would avoid Iranian threats in the Strait of Hormuz.

Gingrich’s March 15, 2026, post linked to an article that labeled itself as satire. Gingrich has not clarified whether his endorsement was serious. But he is old enough to remember when ideas like this were not only taken seriously but actually pursued by the U.S. and Soviet governments.

As I discuss in my book, “Deep Cut: Science, Power, and the Unbuilt Interoceanic Canal,” the U.S. version of this project ended in 1977. At the time, Gingrich was launching his political career after working as a history and environmental studies professor.

Improving global trade and geopolitical influence 
The idea for a new canal to move oil from the Middle East had emerged two decades earlier, in the context of another Middle East conflict, the Suez crisis. In 1956, Egypt seized the Suez Canal from British and French control. The canal’s prolonged closure caused the price of oil, tea and other commodities to spike for European consumers, who depended on the shipping shortcut for goods from Asia.

But what if nuclear energy could be harnessed to cut an alternative canal through “friendly territory”? That was the question asked by Edward Teller, the principal architect of the hydrogen bomb, and his fellow physicists at the Lawrence Radiation Laboratory in Livermore, California.

President Dwight D. Eisenhower’s administration had already begun promoting atomic energy to generate electricity and to power submarines. After the Suez crisis, the U.S. government expanded plans to harness “atoms for peace.” 

Project Plowshare advocates, led by Teller, sought to use what they called “peaceful nuclear explosions” to reduce the costs of large-scale earthmoving projects and to promote national security. They envisioned a world in which nuclear explosives could help extract natural gas from underground reservoirs and build new canals, harbors and mountainside roads, with minimal radioactive effects.

To kick-start the program, Teller wanted to create an instant harbor by burying, and then detonating, five thermonuclear bombs in an Indigenous village in coastal northwestern Alaska. The plan, known as Project Chariot, generated intense debate, as well as a pioneering environmental study of Arctic food webs.

Teller and the Livermore physicists also worked with the Army Corps of Engineers to study the possibility of using nuclear explosions to build another waterway in Panama. Fearing that the aging Panama Canal and its narrow locks would soon be rendered obsolete, U.S. officials had called for building a wider, deeper channel that wouldn’t require any locks to raise and lower the ships along its route.....

....MUCH MORE 

Much less exciting via al-Arabiya, April 2:

"Gulf states considering new pipelines to avoid Strait of Hormuz: Report"  

*And the communists? As noted introducing June 2020's Big Time Logistics: "Novatek orders the world’s largest floating LNG storage unit for transshipment of Arctic gas"

There's something almost Soviet about the size of these infrastructure investments:
"Boris, do you really think you can reverse the flow of the giant rivers that flow to the Arctic?"
"Da"
[didn't happen, lot of planning, little action]

"Boris, are you really going to create reservoirs with nuclear explosions?"
"Da"
[happened*]

*****

*From Knowledge Stew:

....The USSR’s PNE Program
The USSR conducted 124 PNEs from 1965 to 1989. Their program was called Peaceful Nuclear Explosions for the National Economy and was also known as Project 7. The first PNE was conducted by the USSR in 1965 and was also the largest PNE by either country.

The site was at the Chagan nuclear test site in Kazakhstan and was 140 kilotons. By comparison, the atomic bomb dropped on Hiroshima was 15 kilotons. The Soviets wanted to know if it was possible to create an artificial reservoir using a PNE. They placed the nuclear device deep in the ground under a dry portion of the Chagan River, and the blast made a crater 100 meters deep (328 feet) and 400 meters across (1,312 feet). The lip height of the newly formed crated was between 20 and 38 meters (65 to 124 feet). Some nuclear material was detected over Japan, and since the test happened before the Peaceful Nuclear Explosions Treaty, the United States questioned whether the USSR had violated the Limited Test Ban Treaty of 1963.

The crater became a lake because of a channel that had been carved to the area before the test had taken place, but the radioactive levels of the water in the newly formed lake were found to be almost 100 times that of standard water levels more than 25 years later. That is why the reservoir has sometimes been dubbed, the “Atomic Lake.”....MUCH MORE 

And Stalin's dream of nuclear powered trains. Here's one version of the story:

Forgotten Russian projects 1950-60: a panorama from the cockpit of a nuclear locomotive and a flying ekranoplan with a hovercraft effect.

And a couple others that have slipped my mind but yeah, very Soviet, Comrade Gingrich. 

"The stock market has trust issues right now"

Same. 

From Yahoo Finance, April 2:

In normal times it's hard to know who to believe. The stock market tends to go up in the long run, but its gyrations and rhythms on shorter time scales are a mystery, even to the podcasters and YouTubing chart analysts who say otherwise.

Wartime complicates everything, and the ripples of expensive oil mean that every headline has the power to whipsaw the market.

An eager market has proven itself primed to turn on every new detail from the White House, even as investors and analysts remain skeptical of what President Trump says and the administration's timelines for a conclusion.

Even people outside the finance world are familiar with the TACO ("Trump Always Chickens Out") trade, where Trump boldly proclaims something only to back down. (Though it sounds pejorative, the phrase has been co-opted by apolitical Wall Street analysts as a trading framework.) The market has tried to get ahead of all of that by pricing in the president's anticipated reversal.

But in the Iran war, Tehran has a vote too.

This is perhaps one of the strangest things in the current environment: A key source of market-moving information — Iran itself — is also the US adversary. It takes two to tango, and two to open the Strait of Hormuz. Thanks to social media, we can now read their metaphorical newspaper from here, propaganda or fact, to get a sense of their willingness to do so.

On Wednesday, the Iranian president even published a message to the American people, defending its position directly.

Recently, Iran's parliament speaker, Mohammad Ghalibaf, has been getting in on the stock action, using his X account to dole out investment advice and counter Washington's efforts to steer market sentiment. It's a new kind of geopolitical trolling and social media warfare that's also inflected with finance influencer lingo.

"Out-of-context quotes + manufactured FOMO = War profiteering 101. Do Your Own Research," Ghalibaf wrote in a post Wednesday....

....MORE 

 Ancient Persian investing advice.

Some Of The Fabergé Eggs We've Looked At Over The Years

Since around 2010 we've featured most of the  fifty Imperial Easter Eggs and one of the non-imperial:

Friday, March 29, 2013 
Egg Decorating: The Rothschild Fabergé Clock Egg
This is the only non-Imperial egg that we link to, in part because it is one of only three with both an automaton and a clock and partly because it set three auction records, the $18,500,000 realized price makes this the most expensive timepiece, Russian object and Fabergé object ever sold at auction. 
Rothschild_Faberge_egg_2.jpg

The Cristies lot notes describes the egg as....
....MUCH MORE 

The most expensive timepiece appellation has since gone to another Fabergé creation, one that has a provenance story so improbable that it is more than likely stolen property: 

http://static.squarespace.com/static/4fa14d3ce4b08a53fa26468e/t/532c3d5be4b0ff70f4792161/1395408229302/?format=750w 

The Vacheron Constantin ladies watch makes this the world's most valuable clock. It was one of the eight "lost" eggs, bought at a flea market for $13,302, re-sold in a private transaction and subsequently valued at $33 million. If interested see: "My Favorite Easter Egg".

On Easter Sunday we have sometimes posted the only egg with an overtly religious theme, the Resurrection egg.  

As long-time readers know, most of the eggs are bejeweled, sometimes heavily, and often so ornate they make baroque style look plain. However here is one of the two 1916 eggs which, though it is not somber, is very different in comparison to the rest of the tiny treasures.

From Mieks, one of the best scholarly sources on the internet:

1916 Steel Military Egg

Gift Nicholas II to Alexandra Feodorovna
Made in Saint Petersburg
Owner:
Kremlin Armoury Museum, Moscow
Height: 10,1 cm. (incl. stand: 16,7 cm.)
Height: miniature: 6,5 cm

Steel Military Egg

The 1916 Steel Military Egg, also known as Steel Egg with Miniature Easel, is made of gold, steel, jade white enamel, silk and velvet. The miniature easel is made of steel gold, opaque black, orange and white enamel, and watercolor on ivory. The base is made of gold, steel and nephrite.

The steel Egg, with gold patterns surmounted by a gold crown, rests on four artillery shells....

....MUCH MORE

And more here: "Egg Decorating: The Fabergé Steel Military Egg":

Easter 1916. Rasputin and war.
Easter was late that year, falling on April 23rd 

Finally, by Easter 1917 the eggs were no longer "Imperial", the Czar had been forced to abdicate (March 15) and the invoice for the first of the 1917 eggs was sent to "Mr. Romanov, Nikolai Aleksandrovich".

On the night of 16-17 July 1918 the Bolshi boys shot clubbed and bayoneted the Romanovs to death and that was that for the eggs. 

Except for the seven whose whereabouts are either unknown or known only to a very circumspect few.

There's an Easter Egg hunt for you. 

"The Lost Fabergé Eggs"

"tozero opens Europe’s first industrial-scale battery recycling plant to power Europe’s material independence"

I've mentioned that for years I thought a couple European companies would be major players in the western world but instead it's the business started by a Tesla co-founder that leads the way. Here's one of many mentions, this one's from 2023 when President Biden was splashin' 'Inflation Reduction Act' cash around:

Battery Recycling: "Redwood Materials says it wins $2 bln DOE loan for EV materials plant"
Umicore, Johnson Matthey, Veolia and the rest have to be wondering why they didn't set up arms-length American subs to garner some of that sweet, sweet Biden love....

Redwood eventually turned down the two billion because a) they didn't actually need the cash, the business was delivering above plan, and b) there were too many strings attached versus raising money in the market.

And the headline story from Tech.eu, March 27: 

As demand for lithium and graphite surges, tozero is building a battery recycling playbook for Europe — and aiming to compete with mining on cost. 

Europe is racing to secure the critical raw materials needed for its energy transition, yet remains heavily dependent on imports — particularly from China.

At the same time, a growing volume of end-of-life batteries is creating a domestic source of lithium, graphite, and other materials that has, until now, been difficult to recover at scale. Battery recycling startup tozero has launched its first industrial demonstration plant in Germany, marking a step toward turning end-of-life batteries into a domestic supply of critical raw materials at scale.

The plant will deliver recycled lithium and graphite to companies across sectors, including construction, ceramics, and lubricants, with further materials and industries to follow.

Located in Bavaria at Chemical Park Gendorf, the plant can process more than 1.500t of battery waste every year. From this waste, tozero can produce high-purity lithium carbonate – the equivalent of saving 6,000 electric vehicles' worth of batteries from landfill – and recover graphite and nickel-cobalt mix.

Founded in 2022 by Sarah Fleischer, a serial entrepreneur and mechanical engineer, and Dr Ksenija Milicevic Neumann, a leading metallurgy expert, tozero has scaled at pace.

In April 2024, nine months after opening its pilot facility, it became the first company in Europe to deliver recycled lithium to commercial customers. 

I spoke to Sarah Fleischer, Co-founder and CEO of tozero, to learn more about how the company is not only scaling its own operations, but effectively creating a playbook for an emerging industry. 

Europe’s critical materials paradox: reliant on imports, rich in waste 
Global demand for lithium is set to quadruple by 2030, while in the EU alone, graphite demand is expected to rise by up to 25 times by 2040, driven by EVs, grid-scale storage and industrial electrification. 

Yet Europe remains almost entirely reliant on imports – China controls global graphite supplies, and 99 per cent of Europe's lithium comes from abroad.  Ironically, Europe is sitting on a stockpile of the very materials it's scrambling to source from the growing number of end-of-life batteries, largely due to Europe’s growth in EVs 

With demand expected to exceed supply by over 33 per cent from 2035, battery recycling is becoming essential — and tozero is aiming to help bridge the gap.

“Yes, it works”: how tozero validated its recycling tech with OEMs 
tozero’s approach to battery recycling is fundamentally different from conventional methods. By deploying a proprietary acid-free, hydrometallurgy process, it focuses on low-temperature, water-based chemical processing rather than burning batteries.

Building on this, the company aims to close the battery materials loop and support Europe’s ambition to achieve greater independence in critical raw materials. This aligns with the EU Critical Raw Materials Act, which calls for 25 per cent of supply to come from recycling sources. 

tozero's recycling takes place in a single cycle, and the recovered materials are pure enough to feed directly back into manufacturing....

....MUCH MORE 

We'll keep tabs on tozero but like scaling up laboratory advances in battery chemistry itself, recycling is "a damn hard thing to do".

In the mean time here is one of 2025's most popular posts:

Battery Recycling: Best-in-Class Redwood Materials

Capital Markets: "Hope Dashed, Risk Appetites Slashed Ahead of Long Holiday Weekend for Many"

From Marc Chandler at Bannockburn Global Forex: 

President Trump’s national address seemed to contain little more than a reading of some of his recent social media posts. The market was eager for some sign of confirmation of its hope that had buoyed the capital markets in the last couple of sessions. It found none. The threat of escalating attacks while reiterating that the US military operation can wind down in the next two-three weeks failed to underpin sentiment ahead of what will be a long holiday weekend for many. 

Risk appetites have been squashed. Equities and bonds have tumbled. The US dollar has surged. The Trump administration is likely to be disappointed with the market’s reaction, and some damage control may be attempted today, but ahead of the long weekend, which begins tomorrow for many financial centers, some of which will remain closed on Monday as well, it be difficult to rebuild the animal spirits. Fear now overwhelms hope had held center stage for the past couple of sessions....

....MUCH MORE  

"Freemasons, bored spies and a murder-for-hire scandal at France’s MI6" (DSGE)

From the Times (de Londres), March 30:

Two guards who had always dreamt of going under cover were allegedly tricked into a plot to kill a ‘Mossad agent’, who was in fact simply a business coach 

The two military-grade guards at the intelligence agency base south of Paris were bored. They had dreamt of undercover missions when they had joined the Directorate General for External Security (DGSE) — the French equivalent of MI6. Instead, they had found themselves in the role of glorified gatekeepers.

In 2020, Pierre Bourdin, 28, and Carl Esnault, 25, thought their chance had come, according to investigators. They were asked to join a secret mission to “neutralise” a woman designated by their contact as a Mossad agent in France.

But the woman turned out to have nothing to do with Mossad — the Israeli intelligence agency — and the mission was bogus. The two ended up in the dock in Paris criminal court on Monday alongside 20 other defendants, including retired spies, accused of carrying out one murder, planning two others and undertaking a series of assaults.

Defence lawyers said their clients had been tricked into believing that their victims were “enemies” of the French state. They were nothing of the kind, simply ordinary people targeted by hitmen commissioned by members of a Freemasons lodge, the court was told.

Members of the Great Lodge of the French Masonic Alliance, which proclaims its commitment to society and determination to “contribute to the common good”, are alleged to have charged acquaintances tens of thousands of euros to settle commercial and political disputes through violence, including murder. 

They used intelligence and security agency contacts to convince operatives such as Bourdin and Esnault that the missions were being undertaken in the public interest when in fact they were being carried out for financial gain, prosecutors say.

Bourdin told investigators that he had always wanted to leave his gatekeeping role to join the DGSE’s undercover Action branch, which features in The Bureau, the French spy series.

When he and Esnault were contacted in 2020 by Sébastien Leroy, a private security agent, asking them to participate in an operation to “neutralise” a Mossad spy, they agreed, the court was told. Leroy put them in touch with Yannick Pham, a former agent with the Directorate General for Internal Security (DGSI), the equivalent of MI5. Pham, 46, “offered us the chance to do more clandestine work”, Bourdin told investigators. Pham denies aiding and abetting attempted murder.

Bourdin and Esnault were told that their target was Marie-Hélène Dini, 60. They were arrested before they could kill her because a passer-by thought they looked suspicious sitting in a Renault Clio outside her flat wearing black hoods and gloves and alerted the police....

....MUCH MORE

What the actual hell? 

Wednesday, April 1, 2026

"The road to 2029: How Microsoft plans to invest $5.5bn in Singapore"

The reason Seattle grew wealthy is that the whole world sent money to Amazon and Microsoft.

The same was true for San Francisco and points south, Silicon Valley.

And it looks as though the world is sending money to Singapore (Again. This is the third major money flow)

From Capacity Global, April 1:

Microsoft will invest US$5.5bn in Singapore by 2029, funding cloud and AI infrastructure, skills training and cybersecurity as regional AI demand grows.  

Microsoft is planning to invest US$5.5 billion in Singapore by 2029, as demand for AI skills and computing continues to grow across the region.

First reported by The Wall Street Journal, the investment involves the tech giant providing tools and training for tertiary students, teachers and nonprofits. Company vice chair and president Brad Smith said the investment will also go toward ongoing operations.

“Our ongoing investment in cloud and AI infrastructure reflects Microsoft’s long‑term confidence in Singapore as a global digital leader,” he said. “We’re focused on helping people and organisations use AI by strengthening skills, increasing cybersecurity and resilience and advancing trusted governance.”....

....MUCH MORE 

And over four times larger:

Big Money: "Micron commits $24B to Singapore as AI memory crunch bites" (MU)  

One of our core beliefs is that this whole investing thing is easier if you go to where the waterfall of money is and let the refreshing splashes-o-loot land on you.

An earlier money flows to the Lion City: 

"Singapore: The Crazy, Rich Rubber City-State"

"How to turn a price shock into inflation"

 From John Cochrane at his substack, The Grumpy Economist, March 19:

A friend in Greece sends this article on how to deal with high energy prices. The temptation echoes throughout Europe, and likely the US as well.

Greece may benefit from a range of European Commission emergency measures aimed at tackling rising energy costs, EU Energy Commissioner Dan Jorgensen indicated ....

… Jorgensen signaled that Athens can make immediate use of a European Commission “toolbox” that includes state subsidies, tax reductions and flexible support schemes for households and businesses.

The proposed tools – including price caps on gas, expanded long-term energy contracts and relaxed state aid rules – could help shield vulnerable households and stabilize electricity costs. Jorgensen also pointed to the need to ease the link between gas and retail power prices.

Well, I’m glad that the EC has a pre-prepared “toolbox” of terrible ideas so that Member States don’t have to come up with terrible ideas all on their own.

How does a relative price shock — energy costs more than other goods—turn in to overall inflation? Largely by policy responses to the energy shock. Europe invented a doozy in the last price rise and looks set to do it all over again. 

People are using 10 gallons of gas a week, at $5 per gallon (sorry, US units and California prices). Available gas goes down to 9 gallons a week. The price starts to rise to $6 per gallon. Left alone, people find ways to use less gas, with the price as an incentive.

The worst combination of these “tools” would be if the government says “we will pay for the extra cost.” So, you still pay $5 per gallon, and the government chips in the extra $1. Sounds good. Can you spot the problem?

Yes, with no incentive, people still use 10 gallons a week. There are still only 9 gallons around. Where does the price settle? Infinity.

Now, the “tools” are not quite that idiotic, though close. Suppose the government says “we’ll pay your extra expenses.” You still have to pay $6 at the pump, but the government gives you a check for $10 to cover the extra cost. People feel the marginal price, so do cut down on gas. But they use some of the extra $10 to buy other goods. That’s how a gas price rise turns in to general inflation. This is exactly how Europe responded the last energy price shock. And got general inflation.

“Price caps.” The government says, gas stations have to sell at $5. Welcome back to the 1970s. Long hair, silly clothes, and gas lines around the block....

....MORE 

 HT: His March 30 post "War and Interest Rates"

Your Butter Sommelier Will Be With You Shortly: "Canada’s first butter bar..."

From Toronto Life, March 17: 

Canada’s first butter bar is coming to Port Credit
Let the butter-maxxing begin

Butter has long inspired acts of devotion. Butter fondue candles—the wacky cousin to the butter board—recently went viral on TikTok. Last summer, the CNE served a Wisconsin-style butter burger, much to the delight of the GTA’s cardiologists. And every November, the likenesses of presidents, celebrities and athletes carved into soft golden statues fill the halls of the Royal Agricultural Winter Fair. Butter is a beautiful thing.

Related: St. Brigid’s Creamery, the Ontario-made gourmet butter Emerald Grasslands fans need to know about

Later this spring, Port Credit will get its own shrine to butter with Butter Bar, a storefront hawking locally made small-batch butters from the creative mind of Kate Engineer. She’s known at the Port Credit Farmers’ Market as “the butter babe” and to friends as “chief executive churner,” and she’s been preaching the gospel of butter for about eight years. After launching her hospitality business in 2023, she got to churning bespoke blends—first for friends and family, though she eventually found herself slammed with orders. Now, she’s opening her own store.

“I grew up in a butter-loving household,” she says. “Our family owned a restaurant, and we had an allegiance to butter over olive oil. A few years ago, I had a dream to make a flight of melted butters to dunk shrimp in—now I have a whole business. For two years, I was a one-woman butter show, churning the butters in my kitchen, but now I’m working with a local family-owned creamery to scale up.”

At Butter Bar, Engineer’s compound butters are the main event, and they come in sweet or savoury varieties like cinnamon-sugar-nutmeg or thyme-sage-rosemary. Because they’re small-batch and contain less salt, she says, they’re silkier and higher in delicious fat than big-brand butters....

....MUCH MORE 

Previously from Toronto Life:

Possibly also of interest:

Still Too Much Liquidity In The System: The World of Luxury Water Collectors

Similar to cocaine being God's way of saying you have too much money, we take the nouveau pretensions of the H2O crowd to have deeper meaning. 

Didn't your mother ever point out that Evian is just naive spelled backwards? And that's Evian, much less this:

"Iskilde from Denmark is a great water for a vegetarian mushroom dish because it has earthy taste notes. Beverly Hills 90H20 is the perfect pairing for a seasonal salad because it will cut through the acidity of a vinaigrette dressing and help balance out the flavors."

tripe.

I blame the Fed's response to the zero lower bound problem.

Inside the Very Real (and Very Complicated) World of Luxury Water Collectors...

We've been down this muddy road before:

2013:  I'm in the Wrong Business Part 625: "$20 for a bottle of water? Your water sommelier will bring the menu right away"

2013: Climateer Line of the Day: H2Oh Give Me a Break Edition

2017: Premium Water: Evian Is Just Naive Spelled Backwards

And the whole artisinal thing:

Trifecta, We Have a Hot Sauce Sommelier To Go Along With The Mustard Sommelier and the Water Sommelier

Yes, ma'am, the Satan's Saliva small barrel Special Reserve sauce is made from Scotch Bonnet peppers grown exclusively on a tiny island off the coast of Antigua, a larger island.

The peppers are picked at the peak of their short lives to ensure the characteristic citrus and battery acid top notes contrast with the charred peat and road tar bottom to create a complex tease, flamboyant enough to be called the scamp of the vineyard pepper pot but finishing as cigar box and C4.

In case of overdose the usual cold milk treatment is insufficient and one should go deeper into the butterfat realm, whipping cream at minimum, preferably a hunk of cream cheese to gnaw on as you search for the nearest burn unit.

Perfect when paired with artisanal small batch lard or any of the kicky tallows now making the scene. 

Now back to work.

Or does this type of mockery make me the snob?
Entering that wilderness of mirrors is the slow road to snooty madness so I'll just answer 'no'.  

"Baidu robotaxi outage in Wuhan caused by 'system failure', police say"

This Wuhan, I have heard of it. 

From Reuters, March 31: 

A "system failure" caused a robotaxi outage involving multiple vehicles operated by Baidu's Apollo Go ​in central Chinese city of Wuhan, local police said on Wednesday, ‌re-igniting safety concerns over the fast-growing service.
 
Police received reports late on Tuesday that numerous Apollo Go cars had stopped in the middle of roads and were unable to move, ​according to an official statement. 
Passengers were able to exit the vehicles ​safely and there were no injuries, police said.
The cause of ⁠the incident is still under investigation.
 
At least 100 Apollo Go vehicles were ​affected, a traffic police officer said in a video published by Shanghai-based ​news outlet The Paper. The officer added that while the car doors could be opened, some passengers were hesitant to get out because of heavy traffic and called police ​for assistance....
....MORE 
 
Related:

December 2017:  Interview With CEO Robin Li on Baidu's (and China's) Goal Of Ruling Artificial Intelligence

May 2024: "Baidu Launches New $28,000 Robotaxi In Wuhan"

August 2025: "Lyft and Baidu plan Eurobocab launch, starting in UK and Germany next year" 

November 2025:  "‘Robotaxi has reached a tipping point’: Baidu, Nvidia leaders see momentum as competition rises"

Probably not related:

May 2025: Internet of Things: Former MI6 Head Says China Could Bring London To A Standstill