Connect with us
[the_ad id="89560"]

Business

Elon Musk says X will disobey Brazil court order to censor accounts, calls on judge to be impeached

Published

5 minute read

Elon Musk,  Frederic Legrand – COMEO/Shutterstock

From LifeSiteNews

By Andreas Wailzer

Elon Musk stated that his social media platform will likely be forced to shut down operations in Brazil as a result of non-compliance with the court order, but argued that ‘principles matter more than profit.’

Elon Musk has pushed back on demands made in a Brazilian court order to censor certain accounts and called for the impeachment of a leading Supreme Court judge.

On Saturday, April 6, X (formerly known as Twitter) announced that it “has been forced by court decisions to block certain popular accounts in Brazil” under the threat of daily fines if the company fails to comply.

Shortly after the announcement, X owner Elon Musk said that the company would resist these demands, even if it had to shut down its operations in Brazil.

“We are lifting all restrictions,” the billionaire wrote. “This judge has applied massive fines, threatened to arrest our employees, and cut off access to 𝕏 in Brazil.”

“As a result, we will probably lose all revenue in Brazil and have to shut down our office there. But principles matter more than profit.”

In another post on X, Musk announced that his social media platform would publish the demands made by Supreme Court judge and head of Brazil’s Superior Electoral Court Alexandre de Moraes. Musk also called for de Moraes to be impeached and referred to him as “Brazil’s Darth Vader.”

“Coming shortly, 𝕏 will publish everything demanded by @Alexandre [de Moraes] and how those requests violate Brazilian law. This judge has brazenly and repeatedly betrayed the constitution and people of Brazil. He should resign or be impeached. Shame @Alexandre, shame.”

A few days prior, journalist Michael Shellenberger published the “Twitter Files Brazil,” which showed how the Deep State, led by de Moraes, had interfered in the 2022 presidential election by pressuring social media platforms to ban accounts that supported sitting president Jair Bolsonaro or questioned the electoral systems.

READ: New ‘Twitter Files’ show how Brazil’s deep state interfered in the 2022 presidential election

On March 30, 2022, the day after de Moraes took office as president of the TSE, the TSE mandated Twitter to, within a week and under the threat of a daily fine of 50,000 BRL (US$ 10,000), supply data on the monthly trend statistics for the hashtags #VotoImpressoNAO (“PrinteVoteNo”) and #VotoDemocraticoAuditavel (“DemocraticAuditableVote”).

In 2022, the court coerced Twitter into censoring several accounts, including two elected House members, for allegedly spreading “disinformation” under the threat of heavy fines. Twitter initially pushed back on these requests and appealed the orders but ended up complying with some of the requests due to the pressure of the heavy penalties.

Under Musk’s leadership, the social media platform appears to reject the censorship demands made by de Moraes and risk the shutdown of the company in Brazil.

“At any moment, Brazil’s Supreme Court could shut off all access to X/Twitter for the people of Brazil,” Shellenberger wrote on April 7 while reporting from Brazil. “It is not an exaggeration to say that Brazil is on the brink of dictatorship at the hands of a totalitarian Supreme Court Justice named Alexandre de Moraes.”

“President Lula da Silva is participating in the push toward totalitarianism,” he added. “Since taking office, Lula has massively increased government funding of the mainstream news media, most of which are encouraging increased censorship.”

In response to Musk’s announcement to disobey the court order, Brazil’s Attorney General Jorge Messias demanded “urgent regulations” of social media platforms. According to the Financial Times, Messias said, “It is urgent to regulate social networks.”

“We cannot live in a society in which billionaires domiciled abroad have control of social networks and put themselves in a position to violate the rule of law, failing to comply with court orders and threatening our authorities,” he added.

Musk called on users in Brazil to download and use a VPN (virtual private network) to be able to use the social media platform, should the government restrict access to X.

Alberta

Alberta’s fiscal update projects budget surplus, but fiscal fortunes could quickly turn

Published on

From the Fraser Institute

By Tegan Hill

According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.

The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.

For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).

And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.

In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.

This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.

Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.

Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.

Of course, if the government falls back into deficit there are implications for everyday Albertans.

When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.

According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.

Continue Reading

Alberta

Alberta fiscal update: second quarter is outstanding, challenges ahead

Published on

Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.

Alberta faces rising risks, including ongoing resource volatility, geopolitical instability and rising pressures at home. With more than 450,000 people moving to Alberta in the last three years, the province has allocated hundreds of millions of dollars to address these pressures and ensure Albertans continue to be supported. Alberta’s government is determined to make every dollar go further with targeted and responsible spending on the priorities of Albertans.

The province is forecasting a $4.6 billion surplus at the end of 2024-25, up from the $2.9 billion first quarter forecast and $355 million from budget, due mainly to higher revenue from personal income taxes and non-renewable resources.

Given the current significant uncertainty in global geopolitics and energy markets, Alberta’s government must continue to make prudent choices to meet its responsibilities, including ongoing bargaining for thousands of public sector workers, fast-tracking school construction, cutting personal income taxes and ensuring Alberta’s surging population has access to high-quality health care, education and other public services.

“These are challenging times, but I believe Alberta is up to the challenge. By being intentional with every dollar, we can boost our prosperity and quality of life now and in the future.”

Nate Horner, President of Treasury Board and Minister of Finance

Midway through 2024-25, the province has stepped up to boost support to Albertans this fiscal year through key investments, including:

  • $716 million to Health for physician compensation incentives and to help Alberta Health Services provide services to a growing and aging population.
  • $125 million to address enrollment growth pressures in Alberta schools.
  • $847 million for disaster and emergency assistance, including:
    • $647 million to fight the Jasper wildfires
    • $163 million for the Wildfire Disaster Recovery Program
    • $5 million to support the municipality of Jasper (half to help with tourism recovery)
    • $12 million to match donations to the Canadian Red Cross
    • $20 million for emergency evacuation payments to evacuees in communities impacted by wildfires
  • $240 million more for Seniors, Community and Social Services to support social support programs.

Looking forward, the province has adjusted its forecast for the price of oil to US$74 per barrel of West Texas Intermediate. It expects to earn more for its crude oil, with a narrowing of the light-heavy differential around US$14 per barrel, higher demand for heavier crude grades and a growing export capacity through the Trans Mountain pipeline. Despite these changes, Alberta still risks running a deficit in the coming fiscal year should oil prices continue to drop below $70 per barrel.

After a 4.4 per cent surge in the 2024 census year, Alberta’s population growth is expected to slow to 2.5 per cent in 2025, lower than the first quarter forecast of 3.2 per cent growth because of reduced immigration and non-permanent residents targets by the federal government.

Revenue

Revenue for 2024-25 is forecast at $77.9 billion, an increase of $4.4 billion from Budget 2024, including:

  • $16.6 billion forecast from personal income taxes, up from $15.6 billion at budget.
  • $20.3 billion forecast from non-renewable resource revenue, up from $17.3 billion at budget.

Expense

Expense for 2024-25 is forecast at $73.3 billion, an increase of $143 million from Budget 2024.

Surplus cash

After calculations and adjustments, $2.9 billion in surplus cash is forecast.

  • $1.4 billion or half will pay debt coming due.
  • The other half, or $1.4 billion, will be put into the Alberta Fund, which can be spent on further debt repayment, deposited into the Alberta Heritage Savings Trust Fund and/or spent on one-time initiatives.

Contingency

Of the $2 billion contingency included in Budget 2024, a preliminary allocation of $1.7 billion is forecast.

Alberta Heritage Savings Trust Fund

The Alberta Heritage Savings Trust Fund grew in the second quarter to a market value of $24.3 billion as of Sept. 30, 2024, up from $23.4 billion at the end of the first quarter.

  • The fund earned a 3.7 per cent return from July to September with a net investment income of $616 million, up from the 2.1 per cent return during the first quarter.

Debt

Taxpayer-supported debt is forecast at $84 billion as of March 31, 2025, $3.8 billion less than estimated in the budget because the higher surplus has lowered borrowing requirements.

  • Debt servicing costs are forecast at $3.2 billion, down $216 million from budget.

Related information

Continue Reading

Trending

X