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Canada's economy is winning and nobody realizes it

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Thu, Jun 22, 2023 08:53 PM

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Plus: Amazon's Prime trouble, Mexico's beer bubble and more. Bloomberg This is Bloomberg Opinion Tod

Plus: Amazon's Prime trouble, Mexico's beer bubble and more. Bloomberg This is Bloomberg Opinion Today, a daily tripwire for readers of Bloomberg Opinion’s opinions. [Sign up here](. Today’s Agenda - Bro, [Justin Trudeau](? He’s a boss. - The [end of Roe](? A very big loss. - [Amazon Prime](? I didn’t subscribe. - [Corona]( with lime? Time to imbibe. Canada Gets [This Bread]( A proud boss. Photographer: Bloomberg Canada is kinda like that one friend who is a hot mess. You can never pin her down because she’s always trying to put out [some sort of fire]( — often of her own creation. She prefers [tinned fish]( over [fresh fish](. She has a strange obsession with [baby crabs](. And when she arrives [40 minutes late]( to after-work drinks, she tells your group, exasperated, “I almost drove into [a feral super pig]( on my way here!” Her outfit — which she tells you is made from “[post-industrial waste fiber](” — looks chic, in annoyingly effortless way. And even though you’ve known her for what feels like [156 years](, you’re still learning new stuff about her – like how she apparently [can’t swim](. And how [Nickelback]( made her Spotify Wrapped last year. Her stories are borderline unbelievable, but you hang on to her every word. One time, an airport [detected cocaine]( in her shampoo and she was wrongfully detained. Rumor has it that her dad was involved in a 14-year [hot dog bun price-fixing scheme](. And her mom recently won [a conch shell-blowing contest]( in Key West while on vacation. A lot of people say she [has a big mouth](. But deep down, Canada is just misunderstood. Sure, she may have made her mortgage payment with [a credit card card]( last month, but she’s actually taking home fatter paychecks than all of her other G7 friends. [Looks can be deceiving](, Matthew A. Winkler writes: Plus, she’s not clique-y at all. In her social circle, [everyone is welcome]( — even [these geese](: Prime Minister Justin Trudeau is her boss, and even though she likes to call him [“Little Potato”]( behind his back, he has certainly been a positive influence in her life. Under his mentorship, business “is booming like it never has before,” Matthew writes, noting that Canada is experiencing “unprecedented population growth, record-low unemployment” and “a world-beating stock market.” If that’s what a hot mess express looks like, then I’m all aboard: Underneath the questionable rap, it’s clear that Canada is doing a lot of stuff right. Read [the whole thing](. The Death of Roe Is Deadly This Saturday marks one year since the Supreme Court overturned Roe v. Wade. But a lot can happen in 365 days: In that time span, over a dozen states have set the clock back by decades, thanks to a series of severe abortion restrictions that punish all women — not just those with unwanted pregnancies. Even before Dobbs, the US was [short on gynecological care](. Now, the shortage has grown even more acute, especially in states where [doctors are risking prosecution to help]( those in medical distress, Lisa Jarvis writes. Women “have been forced to wait for medical care until the law considers their lives sufficiently at risk. They sit at home or even in the parking lot of a hospital, scared or in pain, vomiting or passing clots of blood” until things get even worse, Lisa explains. In Texas, two hospitals [studied the impact of the abortion ban,]( and found that morbidity doubled when care was put off until an emergency. Women across the nation are suffering needlessly from infections, hemorrhages and blood transfusions. Adding to the gruesomeness, the states where [mothers were dying]( the most before they reversed Roe are the same states that are restricting abortion access the most: Francis Wilkinson says the choices of these state legislatures reflect [a gross neglect of the will of the voters](. Take Wisconsin, for instance: 60% of Wisconsinites say they’re OK with abortion. And yet the state is now subject to an arcane law from 1849 — before [Laura Ingalls Wilder](was born! — that bans abortion outright. That fact alone makes it obvious that “the people’s elected representatives” couldn’t care less about what the people actually want. Returning the issue of abortion to the states “has proved to be just another joke on democracy,” Francis concludes. 31 People Are Not Looking at This At the time of writing, we are exactly 18 days, 13 hours, 58 minutes and 2 seconds away from [Amazon Prime Day](, but it’s not like I’m counting or anything. I don’t even have an Amazon Prime account! I use my mom’s, duh. Or, there is small possibility that I do have an Amazon Prime account and that I’m unknowingly paying $139 for it: The Federal Trade Commission just launched a lawsuit against Jeff Bezos’s brainchild, claiming his company exhibited “[a brazen manipulation of users](, tricking them into signing up for expensive Amazon Prime memberships without their consent,” Dave Lee writes. This is [a tale as old as time](, Dave says, pointing to the plethora of [subscription-based businesses]( that are playing shady games like this. I remember back when I was in college and I signed up for A Newspaper That Must Not Be Named (ha, honestly I forget which one it was) and had to CALL a hotline and speak to a lady to get her to cancel it for me. There was no option to do it online. No magical “STOP” button. The whole thing felt very scammy, given that most young people are allergic to making telephone calls. And don’t even get me started on the time I realized I had been paying $4.99 a month for [Kim Kardashian: Hollywood]( — an iPhone game I played for a total of five minutes in 2014 — for over two years. “As companies clamor for recurring revenue, the kinds of maneuvers outlined by the FTC have become a daily tripwire for users of the internet,” Dave says. “Dark patterns” are little visual cues that websites use to manipulate your every move. For instance, you might end up panic-booking a hotel room because the site tells you “31 people are looking at this room!” when in fact they’re not. Dave says he has a calendar filled with “Cancel! Cancel!” reminders to make sure his free trial doesn’t escalate — a tip I could have used all those years ago to avoid falling headfirst into Kim Kardashian’s “[brilliant business model](.” Plenty of companies claim to be “customer-obsessed,” but perhaps their real obsession with customers is ripping us off. Telltale Charts The Bank of England was feeling extra today, so it decided to pop off by 50 basis points. “The accompanying message in its statement was clear: There’s [more tightening to come]( if inflation persists,” Marcus Ashworth writes. It’s no secret that the UK is in a pretty [sticky inflation spiral]( right now, but the BOE’s gamble to try and curb it will impact everything from [mortgage rates]( to [public services](. Mexico’s heat wave may have people cracking open cold Coronas now, but [water shortages can easily become a Catch-22 for brewers](: “During last year’s historic drought in Northern Mexico, when water had to be rationed for months in the city of Monterrey, big industrial users received their allotments even as ordinary citizens had to queue for their government-provided rations,” Juan Pablo Spinetto explains. Further Reading Boris Johnson dipped the party, and [UK politics]( is better for it. — Bloomberg’s editorial board Hunter Biden’s plea deal brings out [the worst side]( of the Republican party. — Jonathan Bernstein Maybe Mark Zuckerberg [owns too much Meta]( and not enough other stock. — Matt Levine AstraZeneca is getting antsy about doing [business in China](. — Matthew Brooker Financing for the world’s [sustainable blueprint]( has to work for Africa. — Akinwumi A. Adesina Larry Fink turned [a sour trade]( into a billion-dollar glass of lemonade. — Marc Rubinstein [Crypto and AI]( suffer from the same regulatory problems. — Aaron Brown ICYMI The Titanic submersible crew died from a “[catastrophic implosion](.” [New Jersey schools]( are good for the climate. Is a Musk vs. Zuckerberg [cage match]( in our future? [Offices]( might not rebound before 2040. Kickers [MAGA girlbosses]( are fighting. The [GameStop movie]( is taking shape. “[Crapsules](” could treat liver disease. (h/t Andrea Felsted) Van Leeuwen is hiring a LICT ([Lead Ice Cream Taster](). Notes: Please send crazy ice cream flavor ideas and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Follow Us You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](

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