From the Free Press. Naturally Chief carried the traditional North End, while Lamoureux dominated the more suburban parts of the riding. I'm not entirely sure what it is about Lamoureux that appeals to such people, but then I don't understand suburbanites generally.Kevin Lamoureux has formed a second beachhead for the federal Liberals in Manitoba.
The spunky former Inkster MLA won the Winnipeg North byelection Monday night, seizing a longtime NDP stronghold and giving Michael Ignatieff's Grits a big morale boost in the process.
Lamoureux earned 7,303 votes compared with 6,508 for the NDP's Kevin Chief in a race that literally went back and forth all evening. All 153 polls had reported by about 9:50 p.m., and advance votes and institutional votes were also tallied.
Conservative candidate Julie Javier finished third with 1,645 votes.
Tuesday, November 30, 2010
Suburbanites carry the day in Winnipeg North
Monday, November 29, 2010
One of the more interesting things to come out of the latest batch from Wikileaks
The messages also reveal some of the diplomatic pitfalls of America's so-called "war on terror". In 2007, the US fell out with Germany over arrest warrants that were issued for CIA agents accused of being involved in rendition. A senior US diplomat told a German official "our intention was not to threaten Germany, but rather to urge that the German government weigh carefully at every step of the way the implications for relations with the US".From the Independent. I wonder what those "implications" would have been? Perhaps new regulations such that BMW, Mercedes, and VW don't meet new safety and emission standards?
Saturday, November 27, 2010
Irish bailout talks continue
One thing is clear - if Ireland defaults instead of accepting the bailout, things will get very interesting very fast. A lot of bondholders will lose a lot of money, of course, and unless the sky falls on the country quite a few other countries will follow their lead, compounding the situation. My money's on the sky not falling, by the way, though times will get a bit hairy for a while.
And even if Ireland doesn't default, Thomas Walkom in the Star reports that the markets aren't optimistic about two other troubled European economies:
The markets are also betting that two other euro nations, Spain and Portugal, will drop out of the common currency, default on their debts or do both.Walkom, incidentally, thinks default is only a tiny part of the risks ensuing from this crisis:
Now as hinted at above, the main beneficiary, politically, of the crisis in Ireland has been Sinn Fein. They certainly are not what most people would call fascist, though they do have a nationalist streak that bears watching. But as things degenerate in other countries, things could go very differently. Indeed, it already has in places (notably Austria and the Netherlands).Yet perhaps the most distressing element of the Irish crisis is the sense of déjà vu it creates.
In the ‘30s, nations faced with angry bondholders did exactly as Ireland’s government is doing now — raised taxes and cut spending in an effort to persuade financial markets of their fiscal rectitude.
Ireland is even lowering its minimum wage.
As in the 1930s, the Irish government is portraying its actions as inevitable.
As in the ‘30s, its cutbacks — by squeezing even more spending power from the economy — will only make matters worse.
And, as in the ‘30s, governments in Ireland and elsewhere will eventually find that their voters can put up with only so much.
The Great Depression boosted the fortunes of European fascism. We don’t know yet where the politics of this slump will take us.
But unless democratic governments show some imagination, the future doesn’t look pretty. Portuguese workers staged their largest one-day strike in 22 years Wednesday to protest government austerity plans. More troubles are on the horizon.
Intel on Iran has telling flaw
The most important intelligence documents used to argue that Iran had a covert nuclear-weapons research-and-development program in 2003 - a set of technical drawings of efforts to fit what appears to be a nuclear payload into the re-entry vehicle of Iran's medium-range ballistic missile, the Shahab-3 - turn out to have a fatal flaw: the drawings depict a re-entry vehicle that had already been abandoned by the Iranian missile program in favor of an improved model.From Asia Times Online. Are the Americans making stuff up again, like the "yellowcake from Niger" business a few years back? Or have they been fed false information by some other party, perhaps someone who is no friend of either Iran or the US?
The re-entry vehicle or warhead shown in the schematics had the familiar "dunce cap" shape of the original North Korean Nodong missile, an Inter Press Service (IPS) investigation has confirmed. But when Iran flight-tested a new missile in mid-2004, it did not have that dunce cap warhead but a new "triconic" or "baby bottle" shape, which was more aerodynamic than the one on the original Iranian missile.
The development of the new missile and warhead had already been under way for years by that time, according to the author of the most authoritative study of the Iranian missile program.
Thursday, November 25, 2010
Has the TSA finally gone too far?
Now truth to tell, I'm not sure whether or not X-rays are actually harmful to breast milk. X-rays are a form of ionizing radiation, and not good for living tissue, but I'm not sure how much effect they'd actually have on the milk. Still, I can't blame anyone for preferring to be safe than sorry, especially if it says in the rules that breast milk doesn't have to go through the X-ray. And for trying to point out what the rules actually say, she was put through hell. And I'm sure this is far from the only example of such harassment; if there's anything unusual about this case it might be the fact that the victim was white.
The thing is, even when the rules are followed things are crazy enough. Consider this point raised by Roger Ebert:
It appears that not a single TSA agent has declined to perform a full-body pat down of airline passengers. That includes patting down small children. They're not patted down on a routine basis, but on some occasions they can be and they are. A child under 12, sometimes way under 12, may be required to remove outer clothing and be touched on such areas as the genitals.This is so high on the WTF scale that it beggars the imagination. All this makes me wonder, though, if there might not be a silver lining of sorts to this very dark cloud. While I'm not sure I'd go so far as the Bishop of London, England in saying that flying is a sin, it is the worst form of travel from a climate perspective, and I suspect that a lot of people will start to think hard about whether they really need to fly after being submitted to indignities like this a few times. It would be interesting to track Greyhound and Amtrak ticket sales before and after the new policies came into place. Of course, if there are signs of a major shift, the airlines will start to lobby for the TSA to be put into the train stations and bus terminals too; can't have unfair competition after all.
And what will happen to tourism? Even if the Americans eventually submit meekly to this stuff, will people whose own countries don't put them through this stuff every time they fly want to visit a place like that? I certainly have no enthusiasm for flying to the US any time soon, that's for sure.
And, predictably, a lot of people are saying that the solution to this problem is to only do it to brown people.
Wednesday, November 24, 2010
A tale of two jurisdictions
- If it is accurate, the improvements to the floodway are pretty darned impressive in terms of controlling overland flooding.
- The animation with the improvements to the floodway omits any simulation of the effects on sewers.
And if a big flood does strike, I do hope voters know who to be angry with when their basements flood... and to whom to be grateful for the fact that relatively little overland flooding occurs.
Montreal introducing car tax based on number of cylinders
Resident Montreal motorists can expect to be hit next year with a vehicle tax based on the number of cylinders they have under the hood, and that charge will be capped at an “average maximum” of $50 annually, according to documents tabled at Montreal city hall this week.
From the Gazette. Predictably, a some people are up in arms about this, but one of their objections is interesting:
“It is inequitable and unfair that in 2011 a special $50 tax on (vehicle) registrations be imposed only on residents of the island of Montreal,” Vision Montreal leader Louise Harel said in a communiqué, noting that such a tax ought to be applied to all motorists in the Montreal Metropolitan Community, an affiliation of 82 Montreal-area municipalities extending from Mirabel in the north to Richelieu in the south and including the cities of Longueuil and Laval.
One quibble, though; it would probably make more sense to base the tax on displacement, rather than cylinders per se. If the tax goes through as described above, a GM pickup truck with a 2.9 litre Vortec four will be cheaper to register than a VW with a 2.5 litre five, which seems rather at odds with the intent of the law.
"Dirty electricity" studies fail to stand up to serious scrutiny
In an ongoing attempt to keep Canadian politicians informed about the true state of scientific evidence surrounding microwave radiation for communications, the kind used in cell phones and wireless networks, the Committee for the Advancement of Scientific Skepticism (CASS) at the Centre for Inquiry (CFI), Canada submitted a brief to the House of Commons Standing Committee on Health (HESA) last Monday, November 8th. This year, HESA has been investigating the possible effects of low-level microwave radiation on public health and has deposed many different speakers. The transcripts to two of the interesting depositions can be found here and here, the latter having been conducted just a few weeks ago on October 28th.From Skeptic North (h/t Startled Disbelief). I find it fascinating how these things seem to take hold of societies. A conspiracy theorist would suggest that the promotion of this idea is a plot by the coal industry to keep CFL sales down, but I don't think it's anything that complex (and how would you explain the similar phenomenon with Wakefields' claims about vaccines?) I suspect it's the same sort of thing that makes other urban legends thrive; a tendency to want to believe that the experts are wrong. (Of course, sometimes the experts are wrong, but that's another story). The thing is, unlike most urban legends (or even this guy's strange claim to have developed a reactionless drive), these stories have the potential to do real harm. Indeed, Wakefield's nonsense has been blamed for a dramatic drop in vaccination against polio, and according to some may have undermined efforts to eradicate that disease. And scaring people away from CFLs is potentially worse, given how much we're going to have to reduce our energy consumption in the future.Last week, we published a critique by CFI science advisor Lorne Trottier and electronics engineer Harvey Kovsky of the most recent “scientific” study by Magda Havas, promoter of the idea of “dirty electricity” and electro-hypersensitivity syndrome. This week, on the heels of the reportage by the CBC and an article this Saturday in the Montreal Gazzette, we present another critique, this time of an article that appeared originally in a Canadian National Research Council publication the Environmental Reviews. In this review, B. Blake Levitt, a science journalist who has published 2 books on EHS and the supposed dangers of EMF, and Henry Lai, an original author of the now debunked Bioinitiative Report, present a re-hashing of old science and try to make their case that there is such a thing as EHS and that we should be worried about low-level microwave radiation, an idea that has been refuted by Health Canada and several other agencies.
It is suspected , because Lai, Levitt, and Havas have not had much success in promoting these ideas and have been denied legislative change in the United States, that any adoption of changes to the laws in Canada would strengthen their case in other, larger, jurisdictions. CASS is determined to not let this happen in Canada, and copies of the Havas and Levitt and Lai critiques have been sent to HESA in an effort to counter the fallacious claims being made by these purveyors of bad science.
That said, there is one well-established problem with CFLs, and that's the fact that they contain a small amount of mercury. This is certainly nothing to sneeze at, but just to put things in perspective, coal also contains mercury. In fact, even assuming the worst case scenario where the CFL is tossed in the garbage (no, please don't do this), the CFL is still the lesser evil, if coal is a significant part of the power grid:
That said, from a purely selfish point of view, you might prefer the incandescent bulbs, because if you break a CFL it's you who gets exposed to the mercury.
More international shame for Canada, courtesy of you-know-who
Three major departments in the federal government have been actively co-ordinating a communications strategy with Alberta and its fossil-fuel industry to fight international global-warming policies that “target” oilsands production, newly released federal documents reveal.
The documents, obtained by Postmedia News, suggest that Environment Canada, Natural Resources Canada as well as the Department of Foreign Affairs and International Trade, have collaborated on an “advocacy strategy” in the U.S. to promote the oilsands and discourage environmental-protection policies.
Friday, November 19, 2010
Researchers capture sample of antimatter
From the Calgary Herald. In fact the Star Trek reference might not be out of line; Charles Pellegrino and Jim Powell have been suggesting for years that this might be the key to interstellar travel. They even have a design -- the Valkyrie rocket -- which should theoretically be capable of reaching 92% of the speed of light (enough for relativistic time dilation to be significant). Incidentally, the starships in Avatar are based on this design (Pellegrino was a consultant for that film).A team of scientists, including University of Calgary researchers, has captured antimatter for the first time.
The feat, which trapped 38 atoms for 1/10th of a second, is being touted as a major milestone that will test the foundations of physics, said one of the U of C scientists involved with the international project.
"We're definitely not stopping here," said Rob Thompson, the U of C's head of physics and astronomy.
"This is a huge milestone to actually achieve doing this, but it's just the first step into this massive new area we're moving into in terms of possible experiments."
The discovery was made at the world's largest particle physics lab located at CERN -- the European Organization for Nuclear Research -- in Geneva, Switzerland.
Two teams, including a Harvard-led group and a collaboration called ALPHA, which includes the Canadian researchers, are conducting experiments to understand antimatter.
Antimatter has long been regarded as mysterious -- sometimes looked at as the "evil twin" of matter since the two annihilate upon contact, leaving behind pure energy.
It's also a staple of science fiction, used, for example, to fuel Star Trek's starship Enterprise through the galaxy.
Thursday, November 18, 2010
Gordon Campbell has a parting gift for BC
From the Vancouver Sun. Now for what it's worth, I actually agree with this decision; the last thing the province needs now is to lose revenue that's desperately needed for social programs and the like. However, this isn't likely to do his party any good... not that I'm complaining of course.Premier Gordon Campbell backed away Wednesday from the major tax cut he announced on prime-time television last month, saying it would place too many restraints on his successor as premier.
“I felt it was important, when I decided to step aside as leader, that there be an unfettered opportunity for the new potential leaders to move ahead and make their own decisions about what they wanted to do,” Campbell said.
“I didn’t think it was right for me to lock in — or for this executive council to lock in — the new leader and the potential next executive council in making that decision.”
The planned tax cut had been scheduled to take effect Jan. 1, 2011 and would have meant a 15-per-cent reduction in personal income tax rates for the first $72,000 of an individual’s income.
Wednesday, November 17, 2010
Free market won't deliver alternatives before oil runs out: study
The world will run out of oil around 100 years before replacement energy sources are available, if oil use and development of new fuels continue at the current pace, a US study warns.
Researchers at the University of California, Davis (UC-Davis) used the current share prices of oil companies and alternative energy companies to predict when replacement fuels will be ready to fill the gap left when oil runs dry.
And the study’s findings weren’t very good for the oil-hungry world.
If the world’s oil reserves were the 1.332 trillion barrels estimated in 2008 and oil consumption stood at 85.22 million barrels a day and growing year-y at 1.3 percent, oil would be depleted by 2041, says the study published online last week by Environmental Science and Technology.
But by plugging current stock market prices into a complex equation, UC-Davis engineering professor Debbie Niemeier and postdoctoral researcher Nataliya Malyshkina calculated that a viable alternative fuel to oil will not be available before the middle of next century.
On the oil supply side, consumption could well decrease in future as more energy-saving measures are introduced and used by consumers, and new oil reserves could become available as extraction techniques improve.
On the alternative fuel side of the equation, the study did not look at nonprofits, government agencies and universities which are developing new fuels, because they are not quoted on the stock market.
And if governments announced new policy initiatives to promote alternative fuel development, share prices of alternative energy companies would rise, and the gap between the end of oil and the kick-in of alternative fuels would shrink.
Monday, November 15, 2010
Man on trial for son's massacre
Jörg K., a businessman, has been a gun fanatic and amateur marksman since his boyhood. He passed on his passion to his son, an adolescent he apparently didn't know well enough. As it turned out, Tim K. developed a hatred for the world and, using the weapon his father had hidden under his sweaters in a bedroom closet as protection against burglars, became a murderer. On March 11, 2009, the 17-year-old shot and killed 12 children and teachers at the Albertville secondary school in Winnenden, a small town located about 20 kilometers north of Stuttgart in southern Germany. He killed three more people and injured 13, some severely, while fleeing from the police. In the end the boy shot and killed himself.From Der Spiegel. Now to be fair, he's also on trial for violation of Germany's gun control laws (the article doesn't make it entirely clear, but it sounds like careless storage of a firearm). Is that sufficient grounds to convict someone of manslaughter? Maybe, maybe not. But part of what bothers me is this:
Now maybe he really doesn't care, but it seems more likely to me that he's suffering from post-traumatic stress disorder (after all, wouldn't you, if your kid did that?) And the families seem to be judging him as guilty based on what they see as failure to display sufficient emotion (if I recall correctly, that was believed by many to be a factor in the wrongful conviction of Lindy Chamberlain back in the 1980s).The Kleischs could hardly imagine that K. didn't suffer in these moments. But the disturbing thing about it all is that he didn't seem to be suffering. Doris Kleisch says that she would have liked to shake him and "see if he felt anything at all."
A video that was shown in the courtroom shows how police in riot gear surrounded Jörg K.'s house on the day of the rampage. It looks like a scene from a war zone. Then K. appears in the video as he walks into the house with the officers, checks for the Beretta in a bedroom closet, just as he does every night before going to bed. "The weapon is gone," he says in a businesslike tone. Then he looks in the bedside table and says: "The ammunition is gone too."
"How did Mr. K. seem to you?" the chief judge asked the police officer who was at the scene. "Surprisingly calm," the policeman replied. "If it had been my house, I would have been more upset."
But the biggest thing that bothers me about this is that the families, and the prosecution, seem to want to get their pound of flesh one way or another, and since the actual perpetrator is dead they have to pillory someone else. Is that their idea of justice?
Friday, November 12, 2010
NDP makes gains amid ‘startling’ Tory-Liberal deadlock
From the Globe. So both the NDP and the Greens are at near-record levels, while the Cons and Libs are both below 30%. I'd be interested to see some seat projections based on this (though it may turn out to be yet another case of "parked" votes that don't mean much).Released Thursday morning, the survey shows Stephen Harper’s team and Michael Ignatieff’s statistically tied. The Conservatives have the support of 29.4 per cent of Canadians compared to 28.6 per cent for the Liberals. Jack Layton’s NDP, however, is at 19.3 per cent – the highest level the party has been at in two years.
Notably, New Democrats are leading among youth and Atlantic Canadians – usually the bastion of the Liberals. And Mr. Graves found that if the vote was restricted to women, the NDP would be tied with the Conservatives, who have tremendous support from older men in Alberta.
The Greens and Bloc, meanwhile, are at 10.7 per cent and 9.3 per cent respectively.
Wednesday, November 10, 2010
China lowers US credit rating
From CTV. I have to wonder why Dagong's assessment of American debt differs so much from the other agencies. I can't help but wonder, though, if Moody's and Standard and Poor's don't have a bit of a conflict of interest here; if the US dollar collapses those companies, which are US-based, have a lot more to lose. On the other hand, China would have a lot to lose if the dollar collapses too, so it's hard to say.The dispute between Washington and Beijing about monetary policies and trade imbalances has spilled over into the more arcane world of debt ratings.
Citing concerns about Washington’s capacity to repay debt and the potential impact of another round of quantitative easing by the Federal Reserve, an unheralded Chinese bond rating agency has slashed its sovereign credit rating on U.S. government debt to the equivalent of single-A-plus from double-A, with a negative outlook.
The rebuke is mainly symbolic; the rating cut by Dagong Global Credit Rating Co. Ltd. will not have any impact on the market. But it is another sign of growing world anger over the U.S. decision to further loosen monetary policy and could be another indication the Chinese are becoming disenchanted with U.S. Treasury bonds.
Major mainstream rating agencies, such as Moody's Investors Service and Standard & Poor's, still give Washington their top, triple-A rating, despite also expressing concerns about soaring debt levels and record deficits.
Tuesday, November 9, 2010
British troops may face war crimes trials
From the Guardian.A number of British military interrogators may face war crimes charges after members of their unit filmed themselves while threatening and abusing Iraqi detainees at a secret prison near Basra, the high court heard today.
The men have been referred to the Director of Service Prosecutions (DSP) after an investigation considered whether they had breached the International Criminal Court Act, which prohibits war crimes.
Monday, November 8, 2010
Bush planned attacks on Iran and Syria
From the Guardian. I wonder how that would have played out? Probably not well...Bush, in the 497-page Decision Points, a copy of which was obtained by the Guardian in advance of its publication in the US tomorrow, writes: "I directed the Pentagon to study what would be necessary for a strike."
He adds: "This would be to stop the bomb clock, at least temporarily." Such an attack would almost certainly have produced a conflagration in the Middle East that could have seen Iran retaliating by blocking oil supplies and unleashing militias and sympathisers in Iraq, Afghanistan and Lebanon.
Bush also discussed with his national security team either an air strike or a covert special forces raid on an alleged Syrian nuclear facility at the request of Israel.
Friday, November 5, 2010
NAFTA claims against Canada surge
From the Brantford Expositor (my bold). And what kind of public policy measures might those be? Here are a few examples:Foreign investors are increasingly targeting Canada for alleged breaches of the North American free-trade pact and it's costing the federal government millions of dollars in damages and legal fees, according to a new study.
The Canadian Centre for Policy Alternatives found as of October, 43% of 66 claims under NAFTA's investment chapter were made by foreign investors against Canada.
"The trend over the last five years is alarming. More than half the claims (54%) against Canada since NAFTA came into force over 15 years ago were initiated during this time period," said CCPA senior researcher Scott Sinclair said."This trend reflects a growing awareness among foreign investors and corporate trade lawyers of NAFTA investment rights, and an increasing willingness to invoke them to contest public policy measures," he said.
Most of us have heard of this sort of thing before, but it's still disturbing, especially given the escalation in the number of claims of late.April 14, 1997 Challenged Canadian ban on import and inter-provincial trade of gasoline additive MMT.
July 22, 1998 Challenged temporary Canadian ban (Nov. 1995 -Feb. 1997) on export of toxic PCB wastes.
Dec. 24, 1998 Challenged lumber export quota system.
Apr. 23, 2009 Newfoundland provincial government enacted legislation to return water use and timber rights to the crown.
Did Ford's campaign use dirty tricks to keep John Tory out of the race?
From the Star (h/t pogge). And are Ford's people trying to deny this? No, just denying that there's anything wrong with doing that:The Rob Ford campaign had one of its members anonymously call John Tory’s radio show and bait him about his integrity in a strategy to keep Tory out of Toronto’s mayoral race.
Nick Kouvalis, Ford’s deputy campaign manager and now the mayor-elect’s chief of staff, told a forum Friday that his success in keeping Tory out of the race was a “huge victory” and “Rob won because of it.”
And now that Ford is elected, he added, the transition team is talking to Tory, the Newstalk 1010 host and chair of the Toronto Summit City Alliance, about playing a possible role in the Ford administration.
Kouvalis disclosed the election tactics less than a week after admitting the Ford campaign set up a fake Twitter account for “queensquaykaren” (aka Karen Philby) — a supposed Smitherman supporter, complete with photo and profile — to covertly obtain a recording of a potentially damaging phone conversation between Ford and an OxyContin drug user.
Kouvalis denied the anonymous call and fake Twitter account were “dirty tricks,” portraying them as a normal part of campaigns done by all sides.Hmm. Deception is a normal part of campaigning? I guess...
Thursday, November 4, 2010
Ontario Liberals shoot down inquiry into G20
Myself, the biggest question in my mind is why the McGuinty government went along so slavishly with the whole G20 affair in the first place. It would have been very interesting to have the perspective of a fly on the wall of the room where the two levels of government met to plan the operation...
The Harper government suffers a significant blow
From the Globe. This is probably a sign of bad things to come for the Cons (and hence good news for Canada); the talent pool in Harper-land is awfully small. Between idiots like Stockwell Day and Rona Ambrose, and scumbags like John Baird and Vic Toews, they don't have a whole lot left. Furthermore, Prentice was one of the most moderate members of the cabinet, thus reducing the party's appeal to Lib-Con swing voters.Environment Minister Jim Prentice is resigning from politics for a job at CIBC.
Mr. Prentice announced in the House Thursday afternoon that he is resigning his cabinet post immediately and will leave as an MP by the end of the year. He has accepted a position as vice-chairman of the Canadian Imperial Bank of Commerce.
It's a safe bet that we haven't seen the last of Jim Prentice, though. Most likely he'll lay low until Harper crashes and burns (probably within a few years) and then come back as the party's saviour. It might even work.
Wednesday, November 3, 2010
Vandal appointed to EPC
From the Free Press. This is a good thing I suppose, though I wonder how Vandal will fare (remember what happened to Russ Wyatt).One of Sam Katz's toughest critics on city council has joined the mayor's inner circle as part of an executive policy committee that has three new faces.
St. Boniface Coun. Dan Vandal, an NDP-affiliated councillor who ran against Katz in the race for mayor in 2004, was appointed to EPC on Tuesday evening, as Winnipeg's mayor followed through on an election-night promise to heal wounds between the political left and right in Winnipeg.
Shortly before the inaugural meeting of Winnipeg's 13th city council, Katz appointed 13-year councillor Vandal, sophomore North Kildonan Coun. Jeff Browaty and rookie Charleswood-Tuxedo Coun. Paula Havixbeck to EPC, which approves most civic legislation before it goes to council.
Federal government rejects Potash Corp. takeover
From the Globe. Of course, this is purely to protect Conservative votes in Saskatchewan and neighbouring provinces; if they'd acted on their free market principles they'd have allowed it to go through. Nonetheless, I'd much rather they did the right thing for the wrong reasons than the wrong thing for the right reasons.The federal government has rejected BHP Billiton's $40 billion hostile takeover of Potash Corporation of Saskatchewan.
Industry Minister Tony Clement said Wednesday Canada wants to attract investment and business, but "some decisions can only be made once … and there's no turning back, ever."
Meanwhile, others are interested in stepping up to the plate:
The CEO of a Toronto-based merchant bank has been travelling the globe in recent weeks on behalf of a group of Saskatchewan First Nations, securing an estimated $25 billion in preparation for a bid to rival the hostile takeover attempt of Potash Corp. of Saskatchewan Inc. by BHP Billiton Ltd.
"We feel the First Nations have a great concept. The idea they have is brilliant. We are looking at capital all over the world," Forbes & Manhattan CEO Stan Bharti said in a telephone interview Tuesday from Miami, where he is meeting with a group of Brazilian investors.
The Indigenous Potash Group, a collection of Saskatchewan First Nations, is preparing a rival bid, said group CEO Ken Thomas. It enlisted Forbes & Manhattan and Toronto-based GMP Securities to find investors and raise the money, Thomas said.
Gordo's gone!
Good riddance. Hopefully this won't be enough to save his party from defeat in the next election...B.C.'s embattled Premier Gordon Campbell announced he was stepping down on Wednesday in Vancouver and said he has asked the B.C. Liberal party to call a leadership convention as quickly as possible “to return public attention to what is important in British Columbia."
“It was always worth the effort,” said Mr. Campbell, who has led the party since 1993 and has served as premier for almost a decade.
More notes on the US midterms
In California, Proposition 19, the bold referendum question on legalizing marijuana, was defeated yesterday, which is a disappointment, but my disappointment by that vote is outweighed by my relief at the defeat of Proposition 23, which would have rolled back the state's measures to control greenhouse gas emissions.
What does all this mean? For the most part, it means of two years of sound and fury signifying nothing. Neither the Democrats nor the Republicans will be able to pass legislation without the other party's co-operation, and co-operation is one thing that will be in very short supply in this Congress.
Tuesday, November 2, 2010
Even North Carolina voters have their limits
On the other hand, it looks like Rand Paul has been elected, along with some other pretty far-out individuals. It doesn't look like they'll gain control of the Senate, though.
Harper's free market principles may have their limits
From the Globe. Now for what it's worth, I agree with those who say the government should intervene; however this must create a certain amount of cognitive dissonance for Harper...Weighty political opposition to the Potash Corp. takeover from Stephen Harper's hometown of Calgary is complicating the task of reviewing BHP Billiton's bid, Conservative insiders say.
As one senior Tory tells The Globe, this Alberta-based backlash to the BHP deal has ended up broadening the political calculations for Ottawa beyond Saskatchewan.
Richard Haskayne, a veteran of Canadian boardrooms who's helmed several of this country's biggest companies, is one Calgary businessman who's been pressing Tory MPs and cabinet ministers to reject the takeover.
“My neighbour, two doors down, is Jim Prentice and he knows where I stand,” said Mr. Haskayne, after whom the University of Calgary's business school is named.
The Harper government has set itself a deadline of November 3 to rule on the acquisition. It must decide whether the deal is what foreign-takeover legislation calls a “net benefit” to Canada.
Monday, November 1, 2010
Big Oil prepared to sue to stop offshore wind farms
The warning over legal action came from trade body Oil and Gas UK. The government is currently consulting on national policy statements, which set out how the UK's ambitious renewable energy targets will be met, with offshore wind turbines a key factor. In its submission, Oil and Gas UK said the policy statements did not take account of the way offshore wind farms could impede mobile drilling rigs, disrupt helicopter flights and get in the way of pipelines and underwater equipment.From the Guardian. What do you think their real reason is?