COMMENTARY: Investing in climate adaptation is no longer optional. It's business-critical - Reuters

Elon Musk says AI will fund government checks for all and working will be optional. Michael Burry sees a 'revolution' first. Elon Musk says AI will create such abundance that governments will provide for all, and work will become a choice. Michael Burry says it'll be a rocky road to get there. "AI+Robots will be able to do everything, resulting in universal high income," Musk posted recently on X. "Work will be optional. ""False," Burry replied. "There will be revolution first. "False. There will be revolution first.— Cassandra Unchained (@michaeljburry) July 3, 2026 Musk, the CEO of Tesla and SpaceX, was responding to an essay published on X by a fellow tech billionaire, Chamath Palihapitiya. The piece, titled "The Great Descent," said that the "cost of expertise is falling to zero" as AI models allow everyone to access intelligence. The response by Burry  — the investor of "The Big Short" fame who has pivoted from running a hedge fund to writing on Substack — suggests he anticipates civil unrest if AI displaces human workers at scale. Musk and Burry didn't immediately respond to requests for comment from Business Insider.

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Cloudy. Becoming a mix of sun and cloud near noon. Fog patches dissipating this morning. Wind becoming southeast 30 km/h this morning. High 15. UV index 3 or moderate. Clear. Becoming partly cloudy late this evening. Wind southeast 20 km/h. Low 6.

Oh hi, there. The air is getting colder, the days are getting shorter, and the end of the year is creeping up faster than I’d like to admit. But an upside to the calendar racing toward December is that we’re getting a clearer picture of how much government benefits, including Canada Pension Plan payments, could increase next year. And for retirees, there may be some good news. Let’s get into the numbers. On the up and up I would never claim to be an oracle, but I can tell you with a high degree of confidence how much CPP payments will rise in 2027. First, a quick refresher for the uninitiated. CPP payments are adjusted every January to account for inflation. The government looks at how much prices have changed, using Statistics Canada’s Consumer Price Index, over the 12 months ending in October compared with the previous 12-month period. The idea is to help ensure retirees’ pension payments keep pace with the rising cost of living. Jason Yee, principal financial analyst at Finepoint Solutions Inc. in Saskatoon, estimates that CPP payments will increase by – drum roll, please – 2.7 per cent in 2027 for Canadians already receiving benefits.