The Joys of Telemarketing

Telemarketing is big business in Canada. We are second behind India in outsourced telemarketing services for U.S. corporations. But of course with the growth in this precarious labour market of outsourcing comes another Canadian specialty; White Collar Crime.


Massive fraud sting leads to 400 Canadian charges

Canada is notorious as a source of boiler room rip off operations. It has expanded from being a small room with phones to the Internet. And it is a natural for telemarketing.

Of course we should not be surprized since captialism is by its nature a criminal enterprize and we do celebrate entrepreneurial spirit.


Find blog posts, photos, events and more off-site about:
telemarketing, boiler-room, fraud, crime, white-collar-crime, Canada, US, outsourcing, capitalism

Lucky Number 7

A drop in the Canadian dollar in the past two weeks gave the Bank of Canada just enough breathing room to deliver its seventh consecutive - and likely final - interest rate increase Wednesday morning.

Seven rate hikes and of course David Dodge and the Bank of Canada do it again.

Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/4 per cent

And of course they just can't help themselves. Since the Bank no longer controls money production in Canada nor the Banking establishment, it has to do something to justify its existence.

Such as practicing the ancient art of prestidigitation.

" Recent Canadian data confirm that domestic demand remains solid, and that both CPI and core inflation are evolving largely in line with the Bank's expectations."

Oh how prescient of them, reading entrails again I suppose. As the dismal science this is right up there with weather reporting and astrology.

Except that their expectation is to keep inflation at 2%, while in April it was was reported at 1.6% . Below the Banks expectation, perhaps they are upset it was lower than expected so the rate increase is to get it UP to 2%. Yep that makes a lot of sense.

The result is that the Banks have increased their prime lending rate to 6%.

Some wags have reported that the Bank is signaling a pause in its Long March of increasing interest rates, though again one has to peer into a glass darkly to read that out of their press release. I guess the experienced prestidigitator could see this in their reading of the entrails.

The fact is that our advantage is our Flexible Exchange Rate meant that there was no real need to up the interest rates. But the Bank already made up its mind that's what it was gong to do and by gawd they did it. And the reason all this concern for inflation?

Well you can blame the last Conservative government which introduced the GST.

The key objectives of Canada’s inflation targets,
when they were originally announced in 1991, were
to prevent inflation from accelerating in the short
run in the face of the introduction of the new Goods
and Services Tax (GST) and a sharp rise in oil prices
and, in the longer run, to bring inflation down to a
level consistent with price stability.

Over time, the importance of other favourable
characteristics of inflation
targets as a permanent operating framework for
monetary policy has become increasingly apparent to
us at the Bank of Canada. The most notable of these
characteristics are increased transparency, better accountability,
improved internal decision making, and
a mechanism for responding to demand and supply
shocks that reduces potential fluctuations in output.

I would not argue that explicit inflation targets are
the only way to achieve good macroeconomic results.
Indeed, the worldwide reduction of inflation in the
1990s across countries with different frameworks for
monetary policy clearly indicates that there are a
number of ways to achieve low inflation.

GORDON G. THIESSEN
Governor of the Bank of Canada

Say wouldn't a deline in the GST by 1% have been good news for the Loonie and avoided this rate increase? Guess not.

And you know who else rolled a Lucky Number & why the Banks, well the BMO anyways.

Bank of Montreal Q2 profit up 7.1% at $644M; dividend boosted

And while shareholders will celebrate, us peons, the folks that use the banks, well we sure do get the shaft, low interest on our savings, and service charges out the wazoo. See; Bank Charges

Not all the banks made big bucks with the rise in the Loonie. The financial sector was the biggest sectoral decliner as Royal Bank (TSX:RY) lost 47 cents to $46.58 and Scotiabank (TSX:BNS) fell 72 cents to $44.70.

Which will be excuse the Royal Bank will use to justify their proposed increase in service rates to be introduced on, wait for it....July 1. Canada Day. Gives ya something to celebrate.




Find blog posts, photos, events and more off-site about:
Bank-of-Canada, David-Dodge, Interest-rates, Canada, economy, Banks, service-charges, prime-rate

Revolt of the Fifth Estate

His Majesty King Stephen the First has ticked off the fifth estate. Journalists boycott Harper news conference as media battle heats up Now if only the other four Estates would follow suit, we good bring back public executions of the autarch. After all the King is in favour of Law and Order, something the French Revolution executed quite well. And why pray tell is the Fifth Estate ticked off, well because King Stephen is using King George the Second's play book, again.

The Prime Minister's Office insists on choosing who gets to ask questions based on a list it compiles.


Find blog posts, photos, events and more off-site about:
Harper, Conservatives, Government, media, journalists, boycott, PM, PMO
Canada, Politics

A Critique of P3's From The Right

As regular readers will know I have been critical of P3's, public private partnerships, from the Left. Now here is an interesting critique of them from the Liberaltarians around the Von Mises (pronounced by Sylvester as von meeses) Institute.

Unfortunately the author misses the point that it was the neo-cons who promoted the Reinvention of Government the liberaltarian ideal of getting the State out of business and business to take up the slack of the state, in other words his arguement is upside down. In fact it is the folks at Von Mises and others like the CATO and Fraser Institutes that promote the so called free market ideology that promote P3's.

His critique of sustainable development suffers from a similar misunderstanding of the political economy of the neo-liberal state. The State has been run by the neo-cons for more than twenty years and sustainable development is their way of creating a Greener capitalism without actually investing in industrial ecology or social ecology.

Once again the Liberaltarians fail to understand the simple fact that the State is a manifestation of Capitalism. In their efforts to create a mythology of a pure and simple capitalism, they view the State as somehow apart and separate from its birthmother, modern capitalism. It is not the State that hinders capitalism, on the contrary it is the State which abets and promotes capitalism. Their argument is based upon a percieved American exceptionalism and thus remains a-historical and a flight of fantasy.

While their key argument that big business and its state hinder markets, competition, free association remain cogent, it not a question of either or but rather the elimination of both. See: Libertarian Dialectics

Public-Private Partnerships, The Undermining of Free Enterprise, and the Emergence of “Soft Fascism”

There are now thousands of public-private partnerships in place throughout the country, engaging in activities ranging from building roads and neighborhoods to providing waterand wastewater services to renovating government schools to overseeing the management
of real estate to providing health care. This number seems destined to grow in theimmediate future.

It is fair to say that public-private partnerships have been accepted
without question by the ‘mainstream’ of both government and business. This is because a new ‘paradigm’ for the relationship between the two has emerged, verygradually, over the past few decades. This ‘paradigm,’ of course, is that of sustainable development, which combines the power of the purse, one might call it, with the power of
the sword. The resources of business (the power of the purse) are utilized to do the work of “governance” (the power of the sword)—with the former’s full cooperation and support.

The reports we cited noted several examples of what appear to all intents and purposes to be successful public-private partnerships—successful, that is, in achieving the ends wanted within government.

Expansionist or interventionist government—the idea that government should undertake responsibility for managing huge portions of a country’s economy and infrastructure—is taken for granted, but limits on the capacity of government to effect change by itself are acknowledged. The solution to the problem of the limits on the capacity of government, in the new paradigm, is to employ the resources of business, in a way that brings business fully on board and enlists it as collaborator—or partner.

Of course, the larger the business the better, because bigger businesses tend to have deeper pocketbooks than smaller businesses. The critics of public-private partnerships usually cited in the favorable literature are not those who do not trust government but those who do not trust business.

Find blog posts, photos, events and more off-site about:
P3's, public-private-partnerships
left-libertarian, libertarian-left, agorist, free-market, Von-Mises, Hyaek, Austrian-School

Bilderburger

Over 200 Billion controlled. That would be the motto of the Bilderberg Conference if this secret society of the ruling class was branded like MacDonalds, the other burger baron.

Apparently one of our favorite 'secret' ruling class conclaves will be meeting in Canada, north of Ottawa, in June.

The secretive group known as Bilderberg will hold its annual secret meeting at the posh Brook Street Resort a few miles from Ottawa, Canada, June 8-11.

The location and part of the agenda was disclosed to American Free Press by a source inside Bilderberg’s inner circle.

High on the Bilderberg’s secret agenda this year are oil prices and the political upheaval in Latin America. When meeting last year in Rottach-Egern, Germany, Bilderberg called for dramatic increases in the price of oil. Oil prices started climbing immediately from $40 a barrel to $70.

Whether Bilderberg will call for still higher prices is unclear, but Henry Kissinger and others had gleefully anticipated ultimate prices at $150 a barrel a year ago. Bilderberg is certainly concerned about supply, which is related to the “Latin American problem,” as one insider said.

Approximately 120 international leaders in politics and finance will also discuss the wars in Iraq and Afghanistan, which has caused a rare breach between American Bilderbergers and their European counterparts since the United States Iraq invasion in 2003. Whether the United States should invade Iran is also high on the agenda.

Media coverage of the Bilderberg conference is extermely limited as many of the ruling class media barons and their syncophants attend. See Aaron Bratens Open Letter to the Bilderberg Steering Committee

For more on ruling class conspiracies see: Conspiracy Theory or Ruling Class Studies

For more on the Bildgerberg Conferences

We all know of the Davos meeting of the Ruling Classes but before that there was the Bilderberg Conference. Davos too was a secret meeting till after it was exposed during the Seattle Protests, and the creation of the mass democratic alternative World Social Forum.

When the ruling class gathers to hold its secret meetings to plan our futures we should all be worried. It proves that the Executive branch of capitalism, view democracy as only convinient if it is representative of their interests, which is why they dominate all of the political parties that vie for parlimentary power.

the bourgeoisie has at last, since the establishment of Modern Industry and of the world market, conquered for itself, in the modern representative state, exclusive political sway. The executive of the modern state is but a committee for managing the common affairs of the whole bourgeoisie. THE COMMUNIST MANIFESTO

Now those that see conspiracies everywhere might be forgiven for thinking that this meeting is coincidental with Canada's economic dominace with the petro-dollar and the election of the Conservatives, since Harper has attended previous Bilderberg Conferences.

Steven Harper and the Bilderbergers Secret Meeting : Thunderbay IMC


Your Exeutive Committee of the Canadian Ruling Class:

The ruling class has many coordinating committees, and like most corporations they share interlocking boards of directors.

Ralph Klein attended the 1995 Bilderberg meeting while floods ravished the south of the province and forest fires decimated the North. It was a good time for a trip abroad. He was invited by long standing Bilderberg Steering Committee member and international corporate criminal; Conrad Black.

Alberta is also home to members of the Trilateral Commission, another executive committee of the ruling class; Ron Southern of ATCO-Frontenac. Meetings are held at Southern's Spruce Meadows equistrian ranch in Calgary. Bill Graham is also a member as is Allan Gotlieb The international importance of Ron Southern cannot be underestimated last year the Summit of the Americas held a closed confernce at Spruce Meadows.

The Head of the Carlyle Group is a member of the Trilateral Commission. It is well known that ex-Premier Frank Mcekenna is a member of the Carlyle Group, but so is another Ex Premier. Peter Lougheed is a member of the Carlyle Group along with the political king maker Paul Desmarais of Power Corporation.

And of course we would be remiss if we did not mention the Canadian Council of Chief Executives, the ultimate executive committee of the ruling class in Canada of which David Emerson is a prominant member as is Derek Burney.

The fact that Burney was Harpers advisor and a corporate colleague of Emerson's may have helped when Harper got Emerson tocross the floor.

Ladies and Gentlemen these are your Board of Directors of the Canadian Ruling Class.

Also See:

Bilderberg

Conspiracy Theory or Ruling Class Studies

Conspiracy Theories



Find blog posts, photos, events and more off-site about:
secret-societies, ruling-class, executives, Lougheed, Southern, Davos, Trilateral, Bilderberg, Klein, Black, CCCE, Media, conspiracy, conspiracies, Seattle, WTO, protests, WSF, World, Social, Forum

Quebec Hydro Created Kyoto

Charest to go it alone on Kyoto climate accord is the headline in the Globe and Mail.

Nothing surprizing with this, since it was the Chairman of Quebec Hydro, political scion of the Power Corporation, Maurice Strong who chaired the Rio round of talks on the environment, when petit Jean Charest was Environment Minister in the Mulroney government. Kyoto was Canada's creation. Before Jean Chretien ( another Quebecois aligned to Power Corp) signed it, Kyoto was the creation of Strong and Hydro Quebec.

It is the reason Mulroney was given the Greenist PM award by the environmental movement. Kyoto was his legacy. Ironic it was a Conservative government that created Kyoto and now it is a Conservative government that wants to destroy it.

The difference between the Conservative Party of the Past and today is that the Mulroney government was dominated by Quebec and its capitalist ruling class, todays Conservative party is dominated by the interests of Calgary and its petro-industry ruling class.


See: Harper Has Already Abandoned Kyoto

Find blog posts, photos, events and more off-site about:
Charest, Kyoto, Strong, Mulroney, Harper, Ambrose, Canada, Quebec, environment, Rio, UN, HydroQuebec, PowerCorp

Credit Card Fraud

The wonderful thing abut the stock market is that it is amoral, capitalism itself is amoral. Clearly with such little concern about the criminal behaviour of the big Credit Card companies, the stock market should be willing to put IPO's out for Bolivian Coca or Afghanistan Opium cooperatives. Then those two economic basket cases would at least be able to gain enough capital to reconstruct their economies.

Visa and MasterCard are part of the Banking cartels, they are in fact agents of the banks, much like the ATM service programs, Cirrus and Interac.

Interesting that banking/credit card fraud is considered a less henious crime than say oh I don't know, shoplifting, or robbery, or selling drugs on the street for the third time.

And the reason that Visa and Mastercard are facing legal suits? Why it's a simple thing called MONOPOLY.

As Americans go into Debt, and Canadians as well, Mastercard and Visa have reaped record profits off the go-go casino economy that is America.

Nothing productive here, just Money chasing Capital chasing Money; M-C-M. Housing Bubble, Debt Boom

Which is why America is now the worlds largest debtor.Storm Clouds Over The US Economy

Merchants Hit MasterCard IPO on Anticompetitive Grounds

A law firm co-leading the merchant class-action interchange lawsuit against Visa USA, MasterCard Inc. and a number of their large members yesterday filed a supplemental complaint in federal court asserting that MasterCard’s imminent initial public offering of stock is an attempt to shield itself from antitrust liability for past interchange practices. But if or how the revised complaint will affect the planned IPO that could come as soon as Thursday and raise up to $2.8 billion is unclear.

NEW YORK (CNNMoney.com) - MasterCard is expected to hit the market with a bang when it makes its debut on the New York Stock Exchange as early as next week.

But there may be reason for long-term investors to whimper.

Investors big and small are expected to gobble up shares of the credit card association, which has a long history of stable performance. But the company's future appears less certain.

MasterCard faces mounting lawsuits, and long-term investors could end up footing the company's legal bills, analysts said.

Investors in the IPO market like to see growth, and while MasterCard is a well established company, its business has benefited as consumers move from paper to electronic payments. The total value of transactions on MasterCard-branded cards - including purchases and cash advances - rose 13 percent last year to $1.7 trillion, according to company estimates.

MasterCard has booked about $860 million in expenses related to legal settlements over the last three fiscal years. It settled a lawsuit brought on behalf of merchants in 2003 but a number of cases remain outstanding, including separate suits filed by Morgan Stanley's (Research) Discover and American Express alleging the credit card association competes unfairly.

Also See:

Bank Charges

Contracting Out Faux Pas

Money Money Money

BANKS



Find blog posts, photos, events and more off-site about:
Mastercard, Visa, IPO, monopoly, crime, Banks, debt, credit, creditcards, CIRRUS, Interac, US, Canada, Stockmarket, M-C-M

Two Super Powers

There are now two super powers in the World. As the latest Amnesty report reveals.

Rights report condemns US, China

When the powerful are too arrogant to review and reassess their strategies, the heaviest price is paid by the poor and powerless.

-- Amnesty Secretary-General Irene Khan

American hegemony was challenged last month when their rentier landlord came to visit them. Chinese Prime Minister Hu first stopped in Washington, not Washington D.C. but the State of Washington to buy a few planes from Boeing, and have an official State Dinner with the real power in Amerika, Microsoft Chairman Bill Gates. On his way to Europe he stopped in to visit President Bush shake some hands have a press conference, and ask about how America intended to pay its bills.

Did anyone care to notice that the Chinese president did not rush to see his US counterpart when he landed in the US? What did it say about China’s perspective on the Sino-US relationship that the first person that President Hu visited in the US was Bill Gates, Microsoft’s chairman and the world’s richest man? No matter how rich Gates is, he is still a private citizen and one would surely imagine that the first person a visiting head of state and government visits before anyone else is his counterpart. With China It’s Simply Business, Not a Clash of Civilizations

In Washington the state, Hu beamed as he hobnobbed with the capitalist kings of computers, coffee shops and airplanes, who are among those making a mint in China's markets.

In Washington the city, Hu got a rather frostier reception. A dissident heckler startled him on the White House lawn, a White House announcer called his country the Republic of China - did someone say Taiwan? - and a senator warned that China should open more of its markets to American products, or else.

The chill in the East and the warmth in the West were, of course, mostly about money. The number most policy makers in Washington, D.C., think about when they think about China is the $202 billion trade deficit in 2005, up 25 percent from the year before. In Seattle, the focus is on the $5 billion that businesses in the state exported to China last year, up 64 percent from 2004. News Analysis: Hu sees 2 very different Washingtons

While America prides its power as Empire, it is no longer the only Superpower in the World. It no longer has hegemony. China has matched it.

China Befriends Oil-Rich Saudis; US Pays at Pump


Merkel's China visit to strengthen bilateral ties

China extends its reach into Africa with $1bn deal for Nigeria's railways

United States looks on as China mines Latin America's riches

As the American Empire spreads its military abroad, China keeps its at home. China too now is a hegemon. One that is playing in the world despite American protests.

WASHINGTON, May 23 (Reuters) - China's military buildup has altered Asia-Pacific power balances and could pose threats to other forces, the Pentagon said on Tuesday, in an annual report that repeated U.S. calls for Beijing to explain its actions. China has retained its long-standing focus on rival Taiwan but years of double-digit growth in arms spending and new missiles, ships and aircraft meant it could project power further afield, the 2006 China Military Power Report said. "The pace and scope of China's military build-up already place regional military balances at risk," the 58-page report said. "Current trends in China's military modernization could provide China with a force capable of prosecuting a range of military operations in Asia -- well beyond Taiwan -- potentially posing a credible threat to modern militaries operating in the region," it said.

Take Sudan. Please. As the old joke goes. Sudan is a client state of China, they own the petro-industry there. So ask yourselves why of all the UN Security council members, China is the only one who has not offered military forces for Darfur. Nor have they used their economic and political power to force the Sudanese state to settle the Darfur issue. Is it because Darfur is one of the new oil finds in Sudan?UN presses Sudan to admit assessment team in Darfur (Roundup)

Before we send Canadian forces to Sudan, or even aid, we should ask why their largest client is doing nothing.

China should revise policies on Sudan

But the Sudanese, more than all world powers and economic entities, are the ones most directly affected by the political and economic policies of China on Sudan.

Apart from the nuclear power conflict in the Chinese-Iranian-Western relations, the unabated fears about the Gulf oil, and the other international agenda, what concerns us here is a Sudanese viewpoint on the reasons for the requested revisions on the Chinese policies on Sudan.

There are clear political concerns with the Chinese mechanical support of Sudan in the international arena, especially the United Nations Security Council, as well as major economic questions about the Chinese oil methodologies in South Sudan and other parts of the country.

Of particular importance is the way the revenues of these investments have been used by China to support the repressive rule of Sudan with virtually non-economic or social development projects in the oil-producing region, South Sudan, for almost a decade.

Recently, the Chinese working team on the construction of the Hamadab Dam at the Manasir/Robatab area in the Nile Province of North Sudan faced some forms of popular resistance from the local inhabitants who had been prevented from using the Nile drinking water for their animals by construction provisions imposed by the repressive rule of Sudan in agreement with the Chinese firm.

The Chinese company, however, went as far as inciting the authorities that responded promptly with armed forces to displace the inhabitants and their animals from the dam construction area.

This insensitivity to the local communities of North Sudan was an extension of graver indifferences by the Chinese investors towards many other communities in South Sudan.

Yep China is just like America, both share the arrogance of power. And China is not only Sudan's landlord, it's America's landlord too.

Also See:

China No Longer Red Nor In The Red

China Challenges US over Saudi Oil

US vs China for Global Hegemony

Find blog posts, photos, events and more off-site about:
AI, Amnesty, US, China, Darfur, Sudan, Hegemon, Hegemony, Empire, Superpowers, Hu,

Only As Pretty As You Feel

Jefferson Airplane Pretty As You Feel

when you wake up in the morning
rub some sleep from your eye
look inside your mirror
comb your hair

don't give vanity a second chance
no no no
beauty's only skin deep
it goes just so far 'cause
you're only pretty as you feel
you're only pretty as you feel inside
just as pretty as you feel

Roz Weston, a 31-year-old reporter with Global Television, shows off his painted toenails on the set of Entertainment Tonight Canada. ‘I find it relaxing,’ he says, and he never allows women to do it for him. (Fred Lum/The Globe and Mail)

The Globe and Mail is behind the times again, see my Boys will be Girls

It appears that years after the fact they have discovered the Metrosexual.

Say didn't Jack Layton call himself that,yep he did.

Straight men eager to polish their image
Cosmetic companies find a fresh market catering to the male workaday dandy

Farid Hassani, a 37-year-old designer, says he regularly borrows his wife's eyeliner to give himself a lift.

"It makes me feel good, it makes me feel different," Mr. Hassani says.

"I'm not gay but I don't want to be perceived as the typical heterosexual male," he says.

"Makeup gives me an edge."

As well, this month, Jean Paul Gaultier, one of the pioneers of the male makeup trend, relaunched in select Sears and The Bay stores across Canada, its Tout Beau Tout Propre collection of eyeliner, bronzing powder and coloured lip balm for men.

Along with the clear nail polish that has been available to men since 2003, there is now a chocolate shade.

Actually the LCN Diamond Base gives nails a nice natural fleshy tone. Check it out with Chrissy from the Winnipeg Blue Bombers.

Being the ultimate hockey twink does Sidney Crosby wear toe nail polish? Only his esthetician knows. Sid Crosby Metrosexual

And for the Goth camp in all of us there is always the Midnight Black. As proved by the young androgenous man who served me at MegaTunes in his eyeliner, foundation, lipstick and black nails displaying the subtlety of male drag in public.

In Ancient Egypt the Men were always better made up than the women.

And the Peacock looks better than the peahen.

And unlike Calgary we actually have a Mens Spa in Edmonton, The Boardroom

A tip o' the glitter blog to Calgary Grit

Also See: Bald Facts

Find blog posts, photos, events and more off-site about:
mens-make-up, nail, polish, men, metrosexual, Edmoton, Toronto, eyeliner, mascara

Dicks

Well tonight the Oilers will meet the Ducks in Edmonton. And BBQ Duck is one of the favorite items in Edmonton's China Town

After the Oilers roast the Ducks Whyte Trash Avenue will be swarming with drunk macho male yahoos encouraging women to 'show us your tits'.

An appropriate response would be 'shows us your dicks' but that would be redundant since all these drunk guys on the Avenue have already shown us they are Dicks.


Also See: Hockey




Find blog posts, photos, events and more off-site about:
Edmonton, Anahiem, Whyte-Ave, bluemile, copperkilometre, tits, dicks, drunks, rowdies, Oilers, Ducks, NHL, Hockey, Stanely-Cup, playoffs,