Archive for the ‘Economy’ Category

Classy move…

Monday, February 6th, 2012

I might just go out and buy something from Mark’s Work Wearhouse this weekend!

Closing the plant had immediate political reverberations on Parliament Hill and at Queen’s Park.

Electro-Motive received $5 million in federal tax breaks announced on the factory floor by Prime Minister Stephen Harper in 2008. That was before the plant was sold to its current owners in 2010, prompting questions from the union as to whether there were any strings attached to the money.

“I don’t know how we can hand these guys money like that with no job guarantees. It’s unconscionable,” said Lewenza, who rushed to London to meet with workers Friday after being informed of the closure by a senior Caterpillar official.

In Ottawa, Liberal MP and human resources critic Rodger Cuzner criticized the government for allowing the plant to shut down and poked fun at Prime Minister Stephen Harper for personally handing out the tax incentives, which went to buyers of the company’s locomotives.

“I am looking at a picture of the Prime Minister in a locomotive down in London, Ont., and he is waving. He must be waving to the 450 employees that they just let go when they shut down the plant there,” Cuzner said in the Commons during question period.

End corporate welfare, Harper. End it now.

Trashy,
Ottawa, Ontario

More leisure time…

Wednesday, February 1st, 2012

…earlier retirements? To some, this was the future as seen through the lenses of the mid 1990′s.

With the Robot Master and his minions raising the possibility of changing the age at which one qualifies for OAS from 65 to 67, I cannot help but think of a course that I took while completing my M.Sc at U of G on “Leisure Management Planning”. It was based on the assumption that we were destined for EARLIER retirements and MORE leisure time.

What happened, Prof. Reid?

Any USRPDers want to weigh in?

Trashy,
Ottawa, Ontario

The nuttiness of the…

Monday, December 5th, 2011

… new IKEA…

Just saw this Tweet:

RT @OTWNews: High traffic volumes expected for IKEA opening http://bit.ly/vueh9N #Ottawa #Ottcity

PEOPLE! Are you off your rockers?? It’s just a freaking STORE fer crissakes!

Grow up! The bloody thing will still be there next week!

Sigh. I just don’t understand people sometimes… guess I must be the weird
one.

Trashy,
Ottawa, Ontario

For my economics-savvy friends…

Sunday, October 9th, 2011

… and I have a few…

Tell me something.

Greece. Italy. Portugal. Et cetera. All that economic shit-storm stuff that is happening in those corners of the planet…

I see the main root of the problem being the consequence of horribly enforced tax collection regimes. Tax evasion has been a hobby in these countries – and this is documented widely. But until recently, all levels of government in these nations have turned blind eyes to this.

And… some of these nations have been ruled by left of centre parties for a while, so and the nations’ monetary and fiscal policies have reflected this.

So my question – is the sorry state of these nations’ economies the result of socialist monetary and fiscal policy – or poor revenue management? I’ve seen it blamed on both…

What say you?

Trashy,
Ottawa, Ontario

Good vid that demontrates the powers of robust stats…

Sunday, September 25th, 2011

I particularly like the last paragraph on the BBC 4 site:

“…without statistics we are cast adrift on an ocean of confusion, but armed with stats we can take control of our lives, hold our rulers to account and see the world as it really is.”

Trashy,
Ottawa, Ontario

The so-called “bipartisan” agreement in the U.S…

Tuesday, August 2nd, 2011

… is only putting off the inevitable unless something more substantive can be done to alleviate the unfathomable levels of American debt. Americans are going to have to pay now – because the price to pay later will bring their proud nation to its knees.

Usually, The Onion is a work of satire. Usually. But after reading this entry this morning, I kind of have to think that the authors were being a little more than tongue-in-cheek…

Following Sunday’s pathetic excuse for an agreement on raising the government’s borrowing limit, Democrats and Republicans took time to celebrate the meager, ineffective deal, calling it “a testament to the not-so-great things that can happen in Washington when both parties barely come together and agree to not really accomplish anything.

American politics has become so damned polarised in the past decade that simply agreeing on the time of day can be considered an occasion worthy of celebration. The arrival of the radical Tea Party-ists has made the finding of any common ground between Republicans and Democrats next to impossible.

And this is really bad news for my American friends as this is a critical time in their history. In my very humble opinion, I think that not since their Civil War has there been a greater crisis. All levels of government and many households and businesses are barely treading water or are on life support.

My thoughts are in sync with those of Jeffrey Simpson when he wrote this:

Americans can blame foreigners if they want for some of these problems – currency manipulation by China, unfair trading practices, companies shipping jobs offshore – but they’re mostly responsible for their own problems. Systematically, Americans have refused to tax themselves at levels commensurate with their spending. The result of this collective irresponsibility has finally caught up with them.

They waged wars while cutting taxes, as in Iraq and Afghanistan under George W. Bush’s disastrous regime. They let the Pentagon budget explode, raised the costs of public health care (as in Mr. Bush’s unfunded drug plan for seniors), kept the cost of gasoline below that of any Western country, left the financial sector largely unregulated until its excesses brought the economy to its knees, and designed an immensely costly and, in many respects, quite foolish Homeland Security apparatus.

In the days when the King of the land decided to go to war, he sent out word to his Lords that they must help to fund the mission. The Lords, in turn, sent out tax collectors to the towns and countryside to get what they could in order to fund their Lord’s obligation to his monarch. Without these monies, the King could not run his wars nor keep the royal treasury stocked. Credit was non-existent save for some parts of the world where usury was an accepted practice.

No money. No way to pay for arms, arrow fodder and supplies. Ergo, no wars.

Flash ahead to today. Americans of all stripes must simply realise that in the absence of adequate personal and corporate tax levels they cannot wages wars – or live in a modern democratic country – without paying for a significant proportion of its operations.

 

Trashy,
Ottawa, Ontario

Quebec or Bosnia : who has safer public infrastructure?

Sunday, July 31st, 2011

Honestly, after reading this, I think I’d take Bosnia over one of the Montreal bridges, overpasses or tunnels…

What a shame. And disgrace.

But look y’all, before we in the RoC start feeling all smug-like, start looking at the condition of some of the streets etc. in your neck of the woods. Many of us are not that far behind QC, infrastructure crisis-wise…

Big bills coming up… just saying…

http://www.thestar.com/news/canada/article/1032836–large-concrete-slab-collapses-in-montreal-tunnel?bn=1

Trashy,
Ottawa, Ontario

Do the banks know something that the rest of us do not?

Tuesday, July 12th, 2011

Seen yesterday at the BMO branch at the corner of Smyth and Russell.

20110712-071946.jpg

Trashy,
Ottawa, Ontario

Another financial meltdown in the U.S.?

Wednesday, June 15th, 2011

President Obama is warning of one if the debt ceiling is not lifted.

The American government will exceed its legislated debt ceiling of $14.3 trillion in August.

Trillion.

14,300,000,000,000.

Holy crap.

According to the Canadian Taxpayers Federation (yeah, they’re weenies and you’ll seldom hear me say anything good about them), our debt stands at $559 billion. That puts our national debt about 4% of the American debt. And we have about 10% of the population.

Wow.

Neil Macdonald wrote this article a few weeks back on the American attitude to debt. In short, the goal of  many Americans is not to pay your debts, but to try everything in your power to wriggle your way out of them altogether or to negotiate a lower payback.

Before he dropped out of the Presidential race, that looney-tune Donald Trump basically said “meh” when asked what happens when the government hits the legislated debt ceiling and is no longer able to borrow money and service their debts.

“I don’t think you have to default,” he told a White House reporter. “You’re going to have to make a deal someplace.”

And this is a normal attitude of many who inhabit the land to our south.

Watch commercial TV in this country for a few hours and you’ll see what I mean. It’s strewn with advertisements for companies that claim they’ll “stand up to your creditors.”

Owe more than $10,000 in back taxes? Hire us and we’ll negotiate with the IRS for you. You might only have to pay a fraction of what you owe!

Big credit card bills? Hire us and we’ll deal with those awful banks. We may persuade them to forgive some debt!

Can’t pay your mortgage? Hire us and we’ll negotiate a “principal reduction.” There are even government agencies to help with that one.

Try Googling “personal debt negotiate reduction” and look at the number of hits. Seven million plus.

Pair this thinking with the widespread opposition to any further government borrowing and Trump’s make-a-deal idea is crack for the masses.

So whose fault is it?

Politicians that fall on the Tea Party side of the wacky ledger say “Hey, no worries! We’ll keep taxes low, privatize just about everything and no one needs to feel any pain!” And the voters buy these lines eagerly! They fear those damned socialists in the White House who are asking to put the country into more debt. Yet they had better leave my services alone.

And it is a-OK to walk away from your debt and damn the consequences.

I don’t like this mix. Too much globally depends on a healthy – or at least a breathing American economy.

Neil Macdonald is scared by all this – and so am I.

Trashy,
Ottawa, Ontario

End of da week miscellany

Thursday, May 6th, 2010

This is a day early once again as the 2 youngest sub-units and I head to my hometown tomorrow morning. The RLG is off to NYC for the weekend, so why not get outta Dodge too!

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Gulf oil spill - let’s hope this works.

In the meantime, I have been watching the right-wing coverage of the disaster and there be a lot of hootin’ it up in those quarters because they see the BP spill as a slam against Obama… hell, blame him for the U.S.A. losing the gold medal hockey game against Canada while you’re at it, eh?

Robert F. Kennedy Jr., writing for the Huffington Post, has a different spin on this. Turns out this whole debacle may have been avoided – or minimized, if not due to Bush and Cheney cozying up with Big Oil…

Here is a key quote:

The absence of an acoustical regulator — a remotely triggered dead man’s switch that might have closed off BP’s gushing pipe at its sea floor wellhead when the manual switch failed (the fire and explosion on the drilling platform may have prevented the dying workers from pushing the button) — was directly attributable to industry pandering by the Bush team.

…between January and March of 2001, incoming Vice President Dick Cheney conducted secret meetings with over 100 oil industry officials allowing them to draft a wish list of industry demands to be implemented by the oil friendly administration. Cheney also used that time to re-staff the Minerals Management Service with oil industry toadies including a cabal of his Wyoming carbon cronies. In 2003, newly reconstituted Minerals Management Service genuflected to the oil cartel by recommending the removal of the proposed requirement for acoustic switches. The Minerals Management Service’s 2003 study concluded that “acoustic systems are not recommended because they tend to be very costly.”The acoustic trigger costs about $500,000. Estimated costs of the oil spill to Gulf Coast residents are now upward of $14 billion to gulf state communities. Bush’s 2005 energy bill officially dropped the requirement for the acoustic switch off devices explaining that the industry’s existing practices are “failsafe.”

So there you go… the Bush and Cheney administration just keeps on giving and giving…

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Brits go to the polls today!

In what has to be one of the most interesting races anywhere in a long, long time, the British will vote in Parliamentary elections today. A minority government is almost certain due to the rise of the Liberal-Democrats from a wanna-be party to a major player – largely due to its charismatic and young leader, Nick Clegg.

Polls point to a high level of support for Clegg’s party but it is fairly even across several ridings – having the effect of giving them only 70-90 seats despite a percentage of voter support. But this would make the Liberal-Democrats the kingmakers after the dust settles on Friday.

This should be fun!

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World-wide economic shitstorm – deuxième partie

Still in Europe – this whole Greek thing has got me a little worried. Four countries in the Euro zone are on the edge of financial collapse. While Greece is the first to ask for and receive handouts from it neighbours, many think that Ireland, Portugal and Spain aren’t far behind.

So while bail them out at all? Well, what might start in Greece may well spill over into the other 4 countries and beyond… and Germany cannot afford to bail out all of the rest of Europe.

Slapped in the face by this ugly scenario, the Europeans decided to throw everything they and the I.M.F. had at bailing out Greece.   The program as announced has only a small chance of preventing eventual Greek bankruptcy, but it may still slow or avert a dangerous spiral downward — and enormous collateral damage — in the rest of Europe.

A small chance, yes. But there is a chance that the funds will slow down the Greek death spiral and allow other exposed countries to make some fiscal policy adjustments that will at least delay if not avoid their own Greek scenario.

But… a few of us were discussing last night how your average German must feel about all of this…

Let’s see, I have to work until I’m 67 at a reduced pension to pay off the debts incurred by my government to pay down the debts incurred by the Greeks… so the average Greek can retire at 57 with full pension benefits… hmmm… something doesn’t seem right with this picture.

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Organized crime? Really???

Finally, the Harperites are once again playing on the fear factor that has tended to garner them mucho votes and is reintroducing  a draconian Bill called the Penalties for Organized Drug Crime Act.

Touted to fight organized crime and make the streets oh-so much safer for seniors, soccer Moms and kids (have any of the Cons ever watched Weeds?), the Bill imposes mandatory jail sentences for offenders…. starting with those surly and vicious mobsters who grow SIX freaking plants!!!!!

Apparently, the Mom and Pop who grow a bit of weed in the outside shed or the college kid in his flat are now considered by the ReformCons on the same scale as the Hell’s Angels and inner city Drug Lords!

Are they kidding me? Mandatory means that the judge will NOT have any leeway and that Grandpa, Bob Jr., and anyone else who likes the odd toke without having to buy it off the street will AUTOMATICALLY go to the joint (forgive the pun)!

Whether or not you are for decriminalization of weed, a sane and rational human being surely must see that growing a half-dozen plants is does NOT mean that you should be lumped in – from a legal perspective – with organized crime!

Will the Opposition band together to stop this? I suspect the Dippers and the Bloquistes will… but the Grits… I dunno.

Proposed New Mandatory Sentences for Serious Drug Offences
Schedule II drugs (cannabis and marijuana)

OFFENCE MANDATORY PENALTY NOTES
w/
AggravatingFactors- List A1
w/
Aggravating Factor – List B2
w/
Health and Safety Factors3
Trafficking 1 YEAR 2 YEARS n/a Offence would have to involve more than 3 kg of cannabis marijuana or cannabis resin
Possession for the Purpose of Trafficking 1 YEAR 2 YEARS n/a Offence would have to involve more than 3 kg of cannabis marijuana or cannabis resin
Importing
Exporting
1 YEAR n/a n/a n/a Offence is committed for the purpose of trafficking
Possession for the Purpose of Exporting 1 YEAR n/a n/a n/a Offence is committed for the purpose of trafficking
Production -
6 – 200 plants
6 MOS n/a n/a 9 MOS Offence is committed for the purpose of trafficking.
Maximum penalty will be increased to 14 years imprisonment
Production -
201 – 500 plants
1 YEAR n/a n/a 18 MOS Maximum penalty will be increased to 14 years imprisonment
Production – more than 500 plants 2 YEARS n/a n/a 3 YEARS Maximum penalty will be increased to 14 years imprisonment
Production -
oil or resin
1 YEAR n/a n/a 18 MOS Offence is committed for the purpose of trafficking

Trashy,
Ottawa, Ontario

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