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Friday, October 30, 2020
Untitled Document
[Swindlers] Cons & Cheats and How to Protect Your Investment From Them

RIM --- Another RAH-RAH-CANADAH company hits the skids
RIM --- Another RAH-RAH-CANADAH company hits the skids
"Patriotism is the last refuge of a scoundrel" - Samuel Johnson
The latest Canadian public stock to plummet into oblivion is Research In Motion. It's stock lost 20% of its value on Friday --- has lost 82% since 2008. Ever the patriots (and ever on the lookout for an easy buck) The Bay Street Boys of Toronto talked RIM up but bailed out when the bailing was good ... for fear of being tarred traitors to the patriotic cause, Canada's media saw no evil, heard no evil, spoke no evil. It's a story which has been repeated many times --- 11 years ago the CEO of Nortel walked out with $70 million in his pocket just before the company descended into oblivion. Carpetbaggers milking Mitel Networks headed home to jolly old England just before Mitel's stock dove from $60 to $8. The fact is that Canadians will never go far with any company sincerely looking to take on risks and outside-the-box innovations ... canna'-do Canadian capitalists and bankers love monopolies --- avoid Amercian style can-do innovations....
Links
RIM sheds 20% of value ... Jameson Berkow ...
RIM needs to give corporate governance a chance ... Globe and Mail Editorial ...
BlackBerry users sue RIM ... Moira Herbst ...
Service blackouts damage RIM's rep ... Matt Hartley ...
RIM jumps 10.3%on takeover talk ... Hugo Miller ...
RIM slashes PlayBook prices ... Matt Hartley ...
Research In Motion ... Wikipedia ...
PLEASE LET US KNOW WHAT YOU THINK
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Low interest rates is starvin' widders and orphans
"Long-time former Federal Reserve Chairman Bill Martin used to observe that the key task of a central bank is to take away the punch bowl just as the party is starting to get interesting. But, party poopers are not popular." - Michael Mussa, former Chief Economist, International Monetary Fund

I got to think up some reasons for comin' out agin' low interest rrrates --- other than theyrrr erodin' my income aplenty. But I'm a Lord and can't be seen as suppotin' anythin' unless it's fer the good of the common man.

I gotta' think up some other reasons fer opposin' low rates. So I ordered an economist who works for an outfit I supports (as long as it supports me) to give me some reasons and he said the easy ones is that low rates is creatin' inflation and real estate bubbles and such like. I told him to come up with some other reasons because those two are pretty shop-worn.

Well says he --- "Low rrrates are gettin' insurance companies into stock brokerin' cause they can't earn enough profit out a' lendin' out insurance premiums. And capitalists only want to invest in big companies so they can get dividends and not interest. And high-spendin' provinces like Ontario and "zombie" companies that can't manage their way out of a paper bag'ave got hooked on low rates like dope fiends and are spendin' money like Popeye The Sailor out on a bat."

The fact is, accordin' to my economist, that the rrrates has never been so low and the Bank of Canada seems to be goin' to leave them low cause they're scared they'll blow up the real estate market and the economy in general --- it ain't only high-bindin' companies that is hooked on low rates. It's the government. 'Cause --- if they raises the rates --- things could get out a' hand --- ya' never know --- hordes of Godless socialists from the Left Coast could end up occupying Bay Street and settin' up a Soviet and I dread to think how much farther it could go ---

Meantime here's little old me --- on a fixed income much reduced --- why it's down to $16,000 a day just like 55-year-old retiree Jim Shaw.

I'm told widders and orphans are even worse off. Some a' them are down to $40 a day. So I think I'll order and command my propaganda doctors and economists to go on message in support of the widders and orphans and that one a' these days me and them'll be as bad off as Cuban doctors who gets $15 a month.

...
Why the Bank of Canada should start raising interest rates --- Now!!! ... C.D. Howe Institute ...
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How Barak Obama let Wall Street gamble away $5,000,000,000+
"If you want to speculate, don't call yourself a bank, call yourself a hedge fund" - W. Edmund Clark, CEO The Toronto Dominion Bank
There's them that'll say that me criticizin' Wall Street is the kettle callin' the pot black. But when a pirate tells ya' that the government should get after the pirates ... aren't ya' more likely ta' believe it than if it was some rrrhetorician big-talk-no-do like (Let the Horse Outa' the Barn) Barrrrrack Obaaama tellin' ya'. And he did let the horse outa' the barn --- back in '09 he had Wall Street cornered --- Wall Street woulda' volutarrrily quit casino gamblin' (otherwise known as derivative speculatin') and gone back to old-fashioned bankin'. Well he laid on five strokes with a wet noodle and then, on bended knee, inquirrred: "How can I help ye?".

Obama'll never fix the bankin' system --- nor anythin' else. But one person that could is one a' the bankers' own --- the CEO of our own Torrronta' Dominion Bank ... W. Edmund Clark. Clark's profit is 11 times higher than JPMorgan's Jeremy Dimon's and JPMorgan is twice as risky as Toronta' Dominion.

...
No trading for Dimon principle with TD Bank chief Clark ... The Financial Post ...
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Toronto Globe and Mail dismisses mainstream economics as junk science
"Economics, so to speak, hits the employers of the economists where the employers live ..... It is, in brief, the science of the ways and means whereby the employers of the economists have come to such estate, and maintain themselves in such estate, so that they are able to hire and boss economists..." - H.L. Mencken
The so-called science of economics is based on the belief that human beings behave rationally --- like automatons --- and that, therefore, it's easy to forecast economic events with mathematical formulas --- the prime minister of Canada is a certified economist --- so are the heads of the the world's central banks. Hoot man the public should be protected from anyone with that kinda' belief and complet absense of comtox by lockin' 'em in a padded cell in a university. Before 2008 the economists said they'd figured out all the mathematical formulas --- from now on we'd be livin' happily ever in a land of eternal consumption. We ain't --- Last weekend the Toronto Globe and Mail woke up and gave it's head a shake...
Economics has met the enemy, and it is economics ... Globe and Mail ...
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Toronto media ballyhoos tiny Ottawa protest --- humanrighters ignore nazi regime in Saudi Arabia
"... Saudi Arabia, whose rulers are perhaps more terrified of women than rulers anywhere else in the world ..." - Suzanne Fields
This week, as they have for years, the Toronto Star, the Globe, the CBC huffed and puffed and tried to put together a protest in Ottawa against the Alberta Oilsands --- on the surface, Toronto's chattering class say the Alberta Oilsands is a major (is it the major?) cause of global warming --- below the surface, an insecure Toronto resents Alberta's ongoing economic challenge. Only 100 actual protestors (including the usual contingents of "human-rightsers" and feminists) showed up --- trucked and flown in from across Canada but outnumbered by Toronto reporters. Oilsands oil will replace Saudi Oil. 15 of the 19 9/11 hijackers were Saudis. Every barrel of oil North America purchases from Alberta is a vote against the nazi regime of Saudi Arabia. Bad as Alberta may look, it allows women to drive automobiles --- for that matter, in Alberta, women can vote and --- wait for it!!! Alberta Conservatives Saturday elected a woman premier --- and Alberta prohibits woman-flogging and protester-machine-gunning. Last week a Saudi kangaroo kourt flogged the bared back of a woman 10 times with a cane --- she had dared drive an automobile. On Bahrain's Pearl Roundabout, invading Saudi troops routinely machine-gun protestors. Using oil money, the Saudis publish textbooks (which Saudi Arabia distributes all the world over) which portray Christians as swine, Jews as apes secretly plotting to take over the world. When right-wing author Ezra Levant launched a propaganda campaign which painted Saudi oil as "unethical', the Saudis tried to bully the Harper government into prohibiting the campaign --- they obviously knew little about Stephen Harper --- but mealy-mouthed Bell Media did cave in and banned "unethical oil" propaganda ads from the public airwaves. Meantime Albertans wondered why the protesters turned a blind eye to the Saudi Embassy --- just up the street from the Oilsands protest...
'Ethical oil' ad sparks war of words between Ottawa, Saudis ... Shawn McCarthy ...
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Canadian dollar 16.2325% overvalued
"Price is what you pay. Value is what you get." - Warren Buffett
Say what ya' will about the Canadian "economic miracle" or how the Chinese economy's aboot ta' take over the warld. The fact is there's only one god and that's the Yankee dollar. With that in mind, some geniees at the Economist thought up a way of tellin' the real value of any currency threout the warld ... compare the price a' a Big Mac in a given country with the price a' a Big Mac in the U.S.A. The Eonomist's been doin' it fer years and it works --- it's helped me and it's helped me plenty to hold on ta' my ill-gotten gains. And it do na' suprise me that the "Big-Mac" index says that the Canadian dollar's overvalued by more than 15%...
New Big Mac index ... The Economist ...
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Why Canadian house prices have skyrocketed 600% in 30 years?
" I think the old saying should be amended to: "Death, taxes, and Realtors saying now is the time to buy."" - Ex-Californian
In 1981 real estate salesmen coudna' get yer average consumer ta' fork over in excess of $50,000 fer a house --- today they can extract $350,000 --- 600% more. A fellow who calls himself EconomicAnalyst.com is certain it's because homeowners owe 160% more in mortgage debt. A Harvard prof says it's because of local government red tape. And where does morbid speculatin' come in?...
Because Canadians have loaded up with 160% more mortgage debt ... EconomicAnalyst.com ...
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"Those who cannot remember the past are condemned to repeat it." - George Santayana
These bawbag Repuublicans are set on repeatin' the Great Depression a' the 30's. I'm a Scot --- tighter than bark ta' a tree but a wise ol' Scot fer alla that --- nows the time ta' spend money like a drunken heid banger...
Is the U.S. headed for another Great Depression? ... Globe and Mail ...
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"It's only when the tide goes out that you learn who's been swimming naked." - Warren Buffet
Anyone who invests in China is well-advised ta' fasten their seatbelt and prepare to come back with their wallet tim. But the bank monopolists and the whole lot of the Bay Street bunch did --- in a company called Sino-Forest --- they claimed was teemin' with Chinese trees --- they pumped the stock value up ta' $4.5 billion. In steps a maverick Yank sportin' a company called "Muddy Waters" and short-sells the stock --- and issues an official-lookin' report that says Sino way over-counted their trees --- with fraud intent --- like Bre-X overcounted their gold a few years back --- down goes the stock to $1 billion --- the Yank makes a fortune. The Bay Street Boys call foul and say it weren't the trees that was the fraud it was the Yank's report ... ...
Another Bre-X style TXE scandal? How many trees in Chinese forest? --- the Bay Street establishment versus mavrick short-seller ... The Financial Post ...
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"... monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire" - Ludwig von Mises
Chinese-backed friends of B.C.'s neoCon government want to play monopoly in Vancouver Harbour --- to charge seaplane passengers an extra $12 per one-way flight...
Government pals playing float-plane monopoly in Vancouver harbour ... Greg McDougall, CEO of B.C.'s largest float-plane ...
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"Success is a lousy teacher. It seduces smart people into thinking they can't lose." - Bill Gates
Steven Ballmer the head a' Microsoft just bought a money losin' company, Skype, fer $8.5 billion. Makes no more sense than when wanna' be Napoleon Canadian Airline's Rhys T. Eaton's purchased bankrupt Wardair in 1989 -- leadin' ta' his downfall. Ballmer's most brilliant move was ta' find himself livin' on the same same floor as Bill Gates when he went to Harvard; Eaton's ta' find himself livin' on the same street as Peter Lougheed when he lived in Calgary. Since Ballmer took over Microsoft, the company's been actin' just like General Motors did when it started hittin' the skids...
Is Microsoft 2011 the General Motors of 2008? ... The Seattle Times ...
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"There are few things as seemingly untouched by the real world as a child asleep." - John Irving
Ya' take a booster outfit like a Chamber a' Commerce and ya' got an organization full of mouths ta' feed sleepin' peacefully a' the switch --- case in point --- while the Victoria Chamber were blastin' sound and fury against raisin' the minimum wage, the multinational junk-bond, hedge fund boys who now run the former telegraph company, Western Union, stole in and robbed Victoria of 140 well-payin' jobs. The boys acquired a Victoria company with 250 well-paid employees fired 140 a' them. Western Union propagandars claimed they were already doin' the work elsewhere --- don't ya' believe it --- the high binders' bookeepers searched the globe and hired minimum wage employees in Costa Rica ...
Under the nose of Chamber of Commerce --- multinational buys Victoria firm --- moves 56% of jobs to Costa Rica ... Victoria Times Colonist ...
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"All the batteries in the world can together store only ten minutes of our global electrical needs." - Bill Gates
Anyone who thinks us homo saps are the finest lot of inventors known to man or beast is on the electric soup. Look at how we generate electricity --- why Anjos Jedlik invented the firrrst magnetic generator 184 years ago and we ha' na' come up with a better generrratin' idea since and as far as storrrin it --- why Alessandro Volta invented the battery 211 years ago and, in all the years since, no one ha' invented anythin' better ... ...
Humankind's pathetically primitive ability to store energy ... National Public Radio ...
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"Three dollar gasoline is lining the pockets of investors and company executives, while working people who have no choice but to drive are suffering for those excesses. For the oil companies, too much seems never to be enough." - Judy Duggan
ComTox and Economics professors don't often agree except about demand and prices --- if demand for widgets or haggis or anything else goes up prices'll go up --- if demand goes down prices'll go down --- but not in the market for that electric soup called gasoline...
How come? Demand for gasoline goes down --- but pump prices go up ... npr ...
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"Milton Friedman argued that a negative income tax would be administratively cheaper and more effective, and it would remove the intrusive and offensive nanny-state over-regulation of the lives of the poor. He was right." - Hugh Segal
Whydda' people go gip overrr the idea of guaranteein' laddies and lassies enough ta' live on. Fact is it's a lot cheaper than nannyin' em' thru a series of homeless shelters, hospitals, welfare offices and a bureaucrat takin' his cut at every turn. The chief executive officer of the best bank in Canada agrees with me --- so does a red Tory senator --- so does Milton Freedman who's Jerusalem Slim to all the right-wing professors and think tanks....
Oust the bureaucrats --- guarantee each Canadian enough to live on and save money, claims Tory Senator ... Globe and Mail ...
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"Now more than ever, Canada's rich are getting richer while the poor get poorer and the middle class stagnates, according to the latest census data released Thursday by Statistics Canada." - CTV News
If ah was a worker taday I'd call myself a first class sucker. The economy's grown 150% in the last 30 years. Every worker produces a hell of a lot more income for the bosses. But wages have gone down ... it makes no comtox...
In last 30 years --- the Canadian economy has grown 150% --- wages have gone down --- why? ... Lawrie McFarlane ...
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"I am leaving the town to the invaders: increasingly numerous, mediocre, dirty, badly behaved, shameless tourists." - Brigitte Bardot
210 cruise ships are going to "visit" Victoria this year --- the boosters at the Greater Victoria Harbour Authority claim each "visit" earns the city $1,000,000 in "economic benefits" --- but an economics professor says that the cruise ships pay the boosters and not much more ... at best they bring the city only $100,000 in gross revenues and, worse still, after costs are deducted, the city loses money...
Cruise lines scamming Canadian ports ... Carla Wilson ...
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"Bureaucracy defends the status quo long past the time when the quo has lost its status." - The Peter Principle
Wanna' know howta' put the slows on progress --- hand it to a group of Canadian government bureaucrats...
Déjà vu all over again --- Canada's Fishery and Oceans bureaucracy stifles research ... Mark Hume ...
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"A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology." - Robert Trout
Ya' have make work skoosh --- like the 30 billion dollar fighter deal and ya' have real electric soup like the 5 billion dollar expandin' of yer Panama Canal by three...
At on- sixth cost of The Leader's fighter planes --- the size of Panama Canal triples ... Tavia Grant ...
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Reporter_Center_Module
Lord Strathcona --- I drove the last spike on the CPR railroad in 1885. A fellow I fired wrote a book about me, full of vicious lies and insinuations and exaggerations ... trouble is though, it's mainly true ... more>>

In 1885, a crooked stationmaster stole the "last spike" (the spike that completed the CPR). In 2012, a couple of corporate kleptocrats stole the CPR
"I asked a man in prison once how he happened to be there and he said he had stolen a pair of shoes. I told him if he had stolen a railroad he would be a United States Senator." - Mary Harris Jones

When me and my cousin George Stephen got the Canadian Pacific Railway going in 1881, there wasn't anything except some fur trading posts between eastern Ontario and the Pacific. Less than five years later we'd built a railway from Montreal to Vancouver ... 2,300 miles, 3,700 kilometers.

When a railway was completed in those days, we made a big thing out of drivin' the last spike of the railway and we decided I should drive the last spike of the CPR. First try I bent the spike. I kept that one and cut it up and made broaches of it and gave them to Montreal society ladies. I suceeded on the second one and left it in the ground. After the ceremony, the stationmaster at Craiglachie, B.C. stole the one I'd left in the ground --- his family still has it. So it still exists but it's stolen goods. And that's exactly what's just happened to the CPR --- it's been stolen too. It's now in the hands of a Yankee hedge fund manager named Bill Ackman and a proven psychopath named Hunter Harrison and those two scoundrels fully intend to bleed the CPR white.

There's those that would say: "You and George Stephen were kleptocapitalists too. You bribed politicians, including Prime Minister John A. Macdonald --- you handed out all the construction contracts to yourselves and your friends. You helped yourself to 1/5 of the land in Western Canada. You killed scores of white workers and even more Orientals."

To which I say this: George and I had morals --- different morals from Boy Scoutmasters --- but morals nevertheless (and we never chased after little fat boys). We hired William Van Horne, the greatest railway general on the face of the earth, and we built something --- without the CPR, there wouldn't be a Canada.

"Well," you'll say. "Wasn't the CPR 'underperfomin' before Ackman and Harrison took over?"

Hoot man!!! Last year CP made a $1.46 Billion profit. Ackman and Harrison just bought it so Harrison can cut costs (doesn't matter if they're necessary costs or not) just as long as the slash and burn looks good on the CPR's profit and loss statement --- that way geeks and gamblers will push the price of the stock up and Ackman and Harrison will walk away with a fortune in ill-gotten gains.

Harrison was the president of CNRail When Harrison took over CN Rail in 1998, he wasted not a minute in cutting the cost of basic safety. Sure the price of shares went up but so did the casualties. Here's a few of them::

1999 --- between Quebec and Montreal, a CN unit train carrying highly explosive products derails on a defective weld that CN should have spotted --- collides with a freight train --- explodes. The two crewmen are killed. A government investigation shows Harrison caused the deaths because he short-changed railway safety.
2003 --- A freight train carrying methanol, hydrochloric acid, formaldehyde, vinyl chloride shoots off the rails in Illinois and bursts into flame. Harrison had cheap-skated on welding the rails together.
2003 --- Harrison punishes two railroaders for refusing to drive a train over a rotten bridge. The railroaders are scared of gettin' fired so they obey. The bridge collapses and both railroaders are killed. Harrison tries to hide, from government investigators, records of his punishing the two railroaders.
2004 --- Harrison declares war on CN's unions. There's nothing more lethal to public safety.
2005 --- A CN train carrying cancer-causing fuel oil derails in Alberta dumping 780,000 liters into Wabamun Lake. Harrison neglects to warn residents along the track of the danger involved. The lake is thoroughly and permanently polluted. The spill kills thousands of birds, animals and fish.
2006 --- three serious derailments in B.C.

2007 --- two gasoline and diesel carrying trains collide and burst into flames finally put out by water bombers.

Because of multiple derailments near Vancouver, the Canadian government restricts CN trains to 80 cars. Harrison continues to run trains of more than 150 cars.

The Calgary Eye Opener of 1907 said I was lucky to end up in the House of Lords and not the Stoney Mountain Penitentiary. Mountstephen and I built something. Harrison and Ackman will build nothin' --- where should they end up ? ...

Legendary railway spike thought lost to history until now ... Sandra Martin ...
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For "The 99%", the economy stopped growing
"They have no bread, you say. Why, let them eat cake!!! " - Marie Antoinette
I, myself, am a proud member of the what the rabble calls "The 1%" but, then too, Marie Antoinette, was a proud member of the monarchy.
...
Engineered Inequality ... Bill Moyers ...
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Goals for "Occupy Wall Street" - amendment of the United States Constitution and a guraranteed annual income
"We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution." - Abraham Lincoln
The top 1% of America's income earners now gobble up 21% of its total income --- in 1982 it was 13%. Every year each one of Wall Street's top 25 hedge fund banditos produce nothing --- take home $1 billion. American workers produce 67% more than they did in 1979 --- are paid 5% less. By 2008 Wall Street had gambled itself into insolvency, but Presidents Bush and Obama (each bribed with multi-million dollar campaign contributions) bailed Wall Street out. 57% of Americans believe money and wealth in the country should be more evenly distributed among a larger population. Where is the U.S. President? Where is the U.S. Congress? There is a cancer upon the land and its name is "lobbying". The U.S. Supreme Court of 2011 --- whose justices all were appointed with the Good Housekeeping Seal of Approval of U.S. lobbyists --- this year gave the institution of lobbying its Good Housekeeping Seal of Approval in Citizens United v. Federal Election Commission and threatens to expand it --- just as the Supreme Court of 1857 expanded the institution of slavery in Dred Scott v. Sandford. In each case the court slavishly based its decision on the holy writ of the United States Constitution. The young and, increasingly, the not-so-young, are fed up --- and "occupy" the streets of New York, Washington, Los Angeles, San Francisco, Boston, Chicago, Houston, Philadelphia, Miami, Portland, Maine, Jersey City, Trenton, Portland, Oregon, Seattle, Denver, Kansas City, Austin, Ann Arbor, Cleveland, Dallas, Minneapolis and even Vancouver, B.C. as the young and not-so-young occupied the streets of Tunis and Cairo last winter. Will the Scoundrels (and the U.S. Constitution) be hauled out into America's town squares and beheaded. No --- America will do what to the institution of lobbying what America did to the institution of slavery at the end the American Civil War --- simply amend the American Constitution

And for a solution --- how about increasing the take-home of the lower end of the spectrum --- thru a guaranteed annual income

...
Occupy Wall Street ... Wikipedia ...
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"A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology." - Robert Trout
Ya' have make work skoosh --- like the 30 billion dollar fighter deal and ya' have real electric soup like the 5 billion dollar expandin' of yer Panama Canal by three...
At on- sixth cost of The Leader's fighter planes --- the size of Panama Canal triples ... Tavia Grant ...
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"Almost every way we make electricity today, except for the emerging renewables and nuclear, puts out CO2. And so, what we're going to have to do at a global scale, is create a new system. And so, we need energy miracles." - Bill Gates
For a short minute nuclear power was the answer to global warming and all the ills that beset us --- now it'll go nooowhere --- replaced with what?...
Fukushima puts the world-wide nuclear industry on life support ... Thomas Homer-Dixon ...
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"The Internet is a giant international network of intelligent, informed computer enthusiasts, by which I mean, "people without lives." - Dave Barry
Uncleek the internet from our lads and lassies --- worse than disconnectin' their alimentary canals? Ya' say. --- Nooo says I -- pure dead brilliant ...
What happens when we unplug the internet? ... Jeff Bell ...
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"Lately, I have been asked if we are in a real estate bubble. My answer is, "Duh!"" - Robert Kiyosaki
It's daft, daft, daft --- it's consumerism gone mad --- in 1961 a lad and lass could buy a house for slightly more than one year's income --- today a house costs seven and a half times their income ...
How housing prices have skyrocketed ... Victoria Times Colonist Editorial ...
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"Almost every way we make electricity today, except for the emerging renewables and nuclear, puts out CO2. And so, what we're going to have to do at a global scale, is create a new system. And so, we need energy miracles." - Bill Gates
I'll tell ya' --- what happened at Fukushima gives me the willies --- and its given the world the willies --- and with all those half-baked enirrronmentalists out there --- that's the end of any new nuclear power. But, accordin' to the Globe and Mail, the world shouldn't abandon nuclear ......
The Japanese nuclear catastrophes show the risk --- but the Globe and Mail says we shouldn't stop de ... Globe and Mail Editorial ...
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"Innovation distinguishes between a leader and a follower." - Steve Jobs
"What's a Canadian," ya' ask and Cancons and Canlits'll tell ya': "We're not Americans." Well in the area of innovation and R&D it's a piece o' bun to tell the two apart --- Yank capitalists er cando --- the Canucks er cannado --- even though Mr. and Mrs. Taxpayer pay the Canuck capitalists plenty --- here's the international stats on "Business Enterprise Expenditure for R&D"...
Canada' below Slovenia in technological innovation ... Barrie McKenna ...
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"... pay for performance is fine, you know. Pay for showing up is not-- with the-- with the huge goodbye present, you know-- or-- or bonuses that are not tied to real performance, I think that's terrible" - Warren Buffett
While Biker Jim, the 53-year-old-lay-about who sat atop telecable monopoly Shaw Communications vegetates on his backside collecting a do-nothing-for-$16,000-a-day pension, Warren Buffet, the 80-year-old-dynamo who runs America's most successful investment company beavers away earning a 24/7-for-$100,000-a-year salary --- and Buffett receives no bonuses --- and employs no propaganda agents....
A traitor to his class, Warren Buffet's salary ... $100,000 per year!!! ... Victoria Times Colonist ...
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"Absolute, arbitrary power over the lives, liberty and property of freemen exists nowhere in a republic, not even in the largest majority" - Wyoming Declaration of Rights Art. I, Sec. 7
"Gie's Hauners," said Bay Street to their man in Ottawa, Jim Flaherty. So Banker Jim's been mad wi' makin' regulation of stocks and bonds by Bay Street mandatory, compulsory and we'll put a stop ta' these uppity Westerners and Quebecers...
Alberta court finds Ottawa's bid for national securities regulator unconstitutional ... Toronto Globe and Mail ...
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"If the citizens of Quebec City and the province of Quebec wish to spend almost $400-million on a really, really bad idea - a hockey arena for Quebec City - go ahead. It's their money, their governments, their dream, their choice. But, please, don't ask Canadians elsewhere to join this foolishness" - Jeffrey Simpson
Pure, dead, brilliant --- media mogul Pierre-Karl Peladeau sweetheart Quebec Arena deal with Quebec taxpayers -- Peladeau pays 25% of cost, reaps 90% of profits, gets to name arena "Place Peladeau" ...
Quebec City hands over profits of Quebec Arena to Media Mogul ... Victoria Times Colonist ...
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"Some people will tell you this is an example of a medieval attitude to corporate governance at Shaw Communications, and it is. But more than that, it's a manifestation of the lack of competition in Canada's communications sector." - Derek DeCloet
Anywhere else in the world Jim Shaw'd be a bartender in a Hell's Angels Clubhouse. In Canada, he inherited a TeleCable monopoly --- decided he'd rather drink than work --- he turned the family business over to his brother --- pays himself a $16,000 per day pension --- courtesy of the Canadian Radio Television Commission....
TeleCable monopoly pays Born Jim Shaw $16,000 pension --- per day!!! ... Derek DeCloet ...
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"Its wrong that Monopoly is only made by one company." - Steve Wright
A few days ago we reported that B.C. float-plane operators were champing at the bit --- one-time bureaucrat, one-time politician now "businessman" investing China monies, Darth Vader is staging a highway robbery in Vancouver's Coal Harbour. Now the establisment Victoria Times Colonist has questions...
Victoria's establishment paper questions Darth Vader heist ... Victoria Times Colonist Editorial ...
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"Competition is the keen cutting edge of business, always shaving away at costs" - Henry Ford
The KeyRTC --- as in Keystone Kops --- the industry run policeman that polices the public --- not the telecable monopoly --- keeps phone and internet costs high...
Canada's electronic services are high-priced --- the CRTC keeps out foreign competition ... Globe and Mail Editorial ...
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"With a 5-per-cent national sales tax, of the kind every other industrial country has implemented, the U.S. would be halfway home to budgetary solvency. In dreamland, however, such a dose of reality is unthinkable" - Jeffrey Simpson
Americans are overconsuming, overborrowing, overarming. The Americans have built their economy on trillions and trillions of dollars of borrowed money wasted on junk --- while Barak Obama and the America's Congress turn a blind eye...
The American economic dream now a nightmare ... Jeffrey Simpson ...
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"The evil that is in the world almost always comes of ignorance, and good intentions may do as much harm as malevolence if they lack understanding" - Albert Camus
Willful blindness --- to mangle a pun --- one of the slings and arrows that flesh is heir to --- few individuals can resist groupthink stampedes --- ponzi schemes, Enron, Bernard Madoff, trickle-down economics ...
Wall Street turned a blind eye to Bernard Madoff ... Margaret Heffernan ...
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"I love my children ... but other causes are more worthy. My fortune will do more good for a hospital than a bigger car for my daughter" - Peter Munk
Peter Monk fled Nazi Austria, sold Christmas trees, worked on a tobacco farm made a million before 30, crashed, soared, crashed, soared again -- but his children won't inherit his fortune...
"My money belongs to society -- not my children," says Canadian tycoon ... Michael Posner ...
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"The people now restrains itself and anxiously hopes for just two things: bread and circuses. " - Juvenal
Boosters and scoundrels in Quebec city want taxpayers to build them a $400 million arena --- run by and for an unnamed capitalist...
An NHL arena for Quebec City? Absurd ... Jeffrey Simpson ...
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"Most of our assumptions have outlived their uselessness" - Marshall McLuhan
Many wooly-headed-right-wing economists refuse give up wrong-theories...
Five dead-wrong economic Ideas that refuse to die ... Foreign Policy ...
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"A house without either a cat or a dog is the house of a scoundrel" - Portuguese proverb
Shyster lawyers for Canada's life insurance industry have concocted a new breed of cat --- the so-called "Managing General Agents". For the insurance companies --- the best of two worlds...
How life insurers shirk supervision and liability ... Grant Robertson ...
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"If 'pro' is the opposite of 'con' what is the opposite of 'progress'?" - Paul Harvey
Canada treats white collar criminals with kid gloves --- always have --- white collar criminals often (e.g. Allan Eagleson - compare his visit to Club Fed with the five years handed out to Conrad Black in the U.S.) come from the highest levels of the Canadian Robber Baron establishment. Foreign investors seeking protection beware...
How Canada metes out the wet noodle treatment to white collar criminals ... Victoria Times Colonist Editorial ...
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"Exaggeration is to paint a snake and add legs." - Proverb
In 2003 B.C. politician/entrepreneur --- we'll call him Darth Vader --- schemed to turn the B.C. Ferry Utility over to Chinese investors. He knew that his friend David Hahn was out of a job --- the B.C. government brought Hahn to "privatize" the company. The public smelled a rat and Vader soon went on to better things. Hahn stayed with B.C. Ferries and managed to jack his salary up to over $1,000,000 per year ... but the public again took umbrage and today, B.C. Ferries propaganda chief, Deborah Marshall said Hahn was leaving in 2013. Before B.C. Ferries, Marshall told the media "Hahn ... "managed an aviation company with 25,000 employees". That was a bit of a stretch as Hahn was manager of airport food services for Covanta Energy and the company went bankrupt....
High-priced B.C. ferry boss set to sail ... Vancouver Province ...
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"The healthful balm, from Nature's secret spring, The bloom of health, and life, to man will bring; As from her depths the magic liquid flows, To calm our sufferings, and assuage our woes " - Seneca Oil Advertisement circa 1850
While the recession ravaged Ontario and B.C. and all the rest of Canada, Saskatchewan prospered --- why --- the Bakken Oilfield --- from the map you can see by clicking here you'll see that part of the Bakken sits under Manitoba, another part Montana and North Dakota --- most of the Bakken sits under the Province of Saskatchewan --- From the Bakken flows sweet, light --- the best --- oil. In the Bakken sits enough oil to fuel America for 2,041 years worth from 2.5 to 6 trillion dollars....
Saskatchewan's mother lode --- the Bakken oil field ... Shawn McCarthy ...
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"Lawyers as a group are no more dedicated to justice or public service than a private public utility is dedicated to giving light." - David Melinkoff
Back in 2003, in the glory days of B.C.'s wooly-headed right-wing "thinkers" and privatization promoters, friends of the new neocon government hatched a scheme to take over B.C.'s life-sustaining ferry system --- on the road to private profit, B.C. Ferries became a for-profit "public private company." Fares soared...
Push me/pull you story of B.C. Ferries shows why utilities should be run for the public interest --- ... Victoria Times Colonist Editorial ...
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"Ya' dance with them that brought ya'" - Brian Mulroney
The average Canadian eats 1/3 too much salt --- too much salt leads to high blood pressure which can be deadly. Filling food with salt makes big profits for the Canadian food industry. In 2007, public pressure forced the government to set up a watch dog group unpolluted by food industry lobbyists. Big Food is a big supporter of the Tory Harper Government. So last week the Tories abolished the watchdog....
Ottawa disbands sodium reduction task force ... Carly Weeks ...
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