Here is another example of what Robert Fife calls Voodoo Economics.
-- The Canadian dollar strengthened yesterday as "positive mojo" ahead of Monday's election and an interest rate increase Tuesday added to the currency's solid fundamentals.
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Voodoo Economics
Saturday, January 21, 2006
Andy Is Running Where
Our Liberal Candidate for Edmonton Strathcona, Andy Hladyshevsky is apparently also listed as residing in Edmonton Centre. The real ha ha is his explaination as to why he was too busy to do anything to correct this.
To which I can only say methinks they doth protest too much. Voter Fraud really is over the top.
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The Blogging Tories have made a proverbial mountain out of a mole hill over this.Update: Edmonton-Centre Voter FraudCity voters list mix-up fixed, official says
Elections Canada probing registration irregularities in Edmonton Centre
Among the professionals erroneously included in the revised Edmonton Centre voters list is Edmonton Strathcona Liberal candidate Andy Hladyshevsky.
The address for Hladyshevsky and his wife, Daria, is given as Manulife Place, the building where his law firm, Fraser Milner Casgrain, is located. The couple lives on Strathearn Drive.
The mistake happened because federal income tax records are used for voter registration, and like many lawyers Hladyshevsky's personal and business tax correspondence is sent to his office, he said.
Although he knew about the error, he couldn't find the time in the midst of campaigning to get it corrected, Hladyshevsky said. "I will have to go and do that. This is a subject that has caused a lot of discussion around the (kitchen) table for the last couple of weeks."
As a long-time Strathcona resident, he has always voted in his home riding, he said.
To which I can only say methinks they doth protest too much. Voter Fraud really is over the top.
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Back To Harvard
And its nice to know that Michael Ignatieff will NOT be around to contest the Liberal Leadership after Monday Night. Michael Ignatieff: Under siege
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My Election Precognitations
Here are my precogitations for Edmonton. Redmonton Not In The Bag for the ConservativesPrecogitation \Pre*cog`i*ta/tion\,
n. [L. praecogitatio.]
Previous cogitation. [R.] --Bailey
Its too close to call horse race in four ridings. Yep four. Count em.
Edmonton Centre- Conservative Edmonton Strathcona-NDP
Edmonton East -Liberal
Edmonton Millwoods Beaumont-Liberal
National:
Conservative Minority
Liberal wipe out
NDP more seats than Liberals
Green Party one seat
BQ official opposition
Oh did I mention these are my fantasy precognitations.
But I stick by my four ridings too close to call.
I would like to say Rob Anders will lose in Calgary West but the sucttlebutt out of the riding says it ain't so, better luck next time in getting rid of this parasite.
cogitation
NOUN: The act or process of thinking: brainwork,
cerebration, contemplation, deliberation,
excogitation, meditation, reflection, rumination,
speculation, thought. See THOUGHTS.
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Rabble Election Coverage
For your weekend reading along with your latte's is the Rabble.ca Election News page. Enjoy.
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Why Vote Liberal When You Can Vote NDP
Points of Information has an interesting post about the attack on the NDP by what he calls the far left; Buzz Hargrove and Jim Laxer. And their defense of supporting the Liberals as a progressive alternative to the Conservatives, thus abandoning the NDP.
For a Blogging Tory he does a downright good job of defending the NDP as NOT being the Liberals. For being the real voice of progressives and the left. He actually says there is no difference between the Liberals and Conservatives, Harper having softened his stances by going towards the centre.
As for his characterization of Buzz and Laxer as the far left, they are far from it.
The actual left is the NDP Socialist Caucus. And candidates like Bev Mezlo who ran for leadership of the party as a member of the NDP SC.
Unlike the pink social democrats like Judy Rebick and Jim Stanford who created the NPI and then Rabble.ca, only to abandon the NPI intiative once Layton was elected Leader. The left in the NDP comes from a mixed political heritage of the socialist movement in Canada, predominated by Troskyists.
And unlike these liberal pink social democrats the socialist left in Canada does not call for strategic voting, it calls for workers to vote NDP.
No support for Martin – vote NDP – and build the movements
In the January 23d Election: Elect an NDP Government Fight for a Workers’ Agenda
Canadian elections herald a dramatic intensification of class conflict
Laxer is an academic not an activist, an ex Waffle member, we could call him the Old New Left, like Rebick and Stanford. Academic leftists if you like, rocking chair activists at best.
Some veteran members of the NDP, such as Waffle movement founder James Laxer, recently expressed concern with what appears to be a party strategy of focusing primarily on the Liberals -- saying Mr. Layton will bear responsibility for electing a Conservative government.
No Jim its not the NDP that is going to elect Conservatives or defeat the Liberals it is Canadians. Here are more of Laxers moaning and groaning.
Is Harper not for turning?
Mulroney's children are poised for power
Canada Conservatives face tricky task in minority
Buzz is well Buzz, an opportunist. Now that Sam Gidin is gone from CAW, he was the socialist behind Buzz, Buzz pronouncements about being Left Wing are more akin to the Wizard of Oz.
Buzz is only concerned with the bread and butter issues of his declining auto industry membership. And the Liberals both federally and provincially have bailed out his auto industry. That's what he is worried about.
Stanford his right hand man is working for the Liberal Candidate who is a Toyota Executive member.
Politics makes strange bedfellows. And no one knows that better than Buzz Hargrove these days.For example, Hargrove, the president of the Canadian Auto Workers union and a long-time card-carrying NDP member, is endorsing Windsor area Liberal candidate Susan Whelan. She's trying to unseat a Conservative who just happens to be a CAW member in the riding of Essex. And what's more, CAW locals are supporting the NDP candidate in the same riding.If you think that's confusing, Hargrove gave Prime Minister Paul Martin a bulky black CAW jacket recently and the two of them hugged in front of almost a thousand union members. Hargrove has also endorsed a few other Liberal candidates around the country including auto parts heiress Belinda Stronach, whose former company has fought union organizers. These moves are part of the CAW's national strategy to stop the Tories at almost any cost from gaining power in Monday's election.
Laxer, Stanford and Buzz will be judged by their actions in this election which have been more of a discredit to themselves than the NDP. They will be subjected to the political post mortems after Monday night. And the autopsies will be nasty.B.C. labour grapples with Harper's surge
For a Blogging Tory he does a downright good job of defending the NDP as NOT being the Liberals. For being the real voice of progressives and the left. He actually says there is no difference between the Liberals and Conservatives, Harper having softened his stances by going towards the centre.
As for his characterization of Buzz and Laxer as the far left, they are far from it.
The actual left is the NDP Socialist Caucus. And candidates like Bev Mezlo who ran for leadership of the party as a member of the NDP SC.
Unlike the pink social democrats like Judy Rebick and Jim Stanford who created the NPI and then Rabble.ca, only to abandon the NPI intiative once Layton was elected Leader. The left in the NDP comes from a mixed political heritage of the socialist movement in Canada, predominated by Troskyists.
And unlike these liberal pink social democrats the socialist left in Canada does not call for strategic voting, it calls for workers to vote NDP.
No support for Martin – vote NDP – and build the movements
In the January 23d Election: Elect an NDP Government Fight for a Workers’ Agenda
Canadian elections herald a dramatic intensification of class conflict
Laxer is an academic not an activist, an ex Waffle member, we could call him the Old New Left, like Rebick and Stanford. Academic leftists if you like, rocking chair activists at best.
Some veteran members of the NDP, such as Waffle movement founder James Laxer, recently expressed concern with what appears to be a party strategy of focusing primarily on the Liberals -- saying Mr. Layton will bear responsibility for electing a Conservative government.
No Jim its not the NDP that is going to elect Conservatives or defeat the Liberals it is Canadians. Here are more of Laxers moaning and groaning.
Is Harper not for turning?
Mulroney's children are poised for power
Canada Conservatives face tricky task in minority
Buzz is well Buzz, an opportunist. Now that Sam Gidin is gone from CAW, he was the socialist behind Buzz, Buzz pronouncements about being Left Wing are more akin to the Wizard of Oz.
Buzz is only concerned with the bread and butter issues of his declining auto industry membership. And the Liberals both federally and provincially have bailed out his auto industry. That's what he is worried about.
| Ford may trim jobs in Canada as revamp plan to slash 25,000 |
Jan. 20, 2006. 06:45 AM
Politics makes strange bedfellows. And no one knows that better than Buzz Hargrove these days.For example, Hargrove, the president of the Canadian Auto Workers union and a long-time card-carrying NDP member, is endorsing Windsor area Liberal candidate Susan Whelan. She's trying to unseat a Conservative who just happens to be a CAW member in the riding of Essex. And what's more, CAW locals are supporting the NDP candidate in the same riding.If you think that's confusing, Hargrove gave Prime Minister Paul Martin a bulky black CAW jacket recently and the two of them hugged in front of almost a thousand union members. Hargrove has also endorsed a few other Liberal candidates around the country including auto parts heiress Belinda Stronach, whose former company has fought union organizers. These moves are part of the CAW's national strategy to stop the Tories at almost any cost from gaining power in Monday's election.
Laxer, Stanford and Buzz will be judged by their actions in this election which have been more of a discredit to themselves than the NDP. They will be subjected to the political post mortems after Monday night. And the autopsies will be nasty.B.C. labour grapples with Harper's surge
"We're going to be on the job next Tuesday, no matter what the election result, unlike the Liberal Party, that's going to be out of business until it cleans itself up,"Using even stronger language later, Mr. Layton said: "Who is really going to stand up for working Canadians? The smoking hulk of a defeated Liberal Party? Or a strong, united, renewed and effective NDP?"
More of my Buzz Stories
Also See: It's All About Paul
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The Wit and Wisdom of Warren Buffet
I love this guy. He is a straight shooting capitalist who tells it like it is.
Buffett warns of trouble
The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to “political turmoil,”-billionaire investor Warren Buffett warned.
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Buffett warns of trouble
The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to “political turmoil,”-billionaire investor Warren Buffett warned.
“Right now, the rest of the world owns $3-trillion more of us than we own of them,” Mr. Buffett told business students and faculty Tuesday at the University of Nevada, Reno. “In my view, it will create political turmoil at some point .... Pretty soon, I think there will be a big adjustment,” he said without elaborating.
The U.S. trade deficit for the first 11 months of 2005 totaled $661.8-billion (U.S.), surpassing the previous annual record of $617.6-billion set in 2004. Economists say when December figures are included, the final deficit for 2005 will top $710-billion. Mr. Buffett said he expects it to top $700-billion this year.
“That's $2-billion a day,” he said. “We are like a super rich family that owns a farm the size of Texas. You sell off a little bit of the farm and you don't see it.”
Fifteen years ago, the U.S. had no trade deficit with China, he said.
“Now it's $200-billion. If we don't change the course, the rest of the world could own $15-trillion of us. That's pretty substantial. That's equal to the value of all American stock,” Mr. Buffett said.
“That's the big danger. Our national debt does not bother me. Our public debt is not at a crazy level,” he said.
Meanwhile, Mr. Buffett said U.S. companies generally are enjoying some of their best times ever.
“Profits are at close to record levels. So business in America is doing very well — better than its lower-paid workers, by some margin,” he said.
“This is a pro-business United States,” he said. “If you get a group of businessmen together, they'll complain about regulation and liability suits, all kinds of things. Some of those things they are right about and some of it they are just complaining to complain.”
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Canada's State Capitalist Success
The tax breaks and tax credits given out to Bombadier and others in the Aerospace industry are one of the principle elements of the the Post WWII Keynesian economics that the Neo-liberals have not wanted to privatize. It is too expensive, private capital would not take this kind of risk, without state funding.
So much for the theory that the private sector can do it all, or that the private sector is more efficient than government, or that old canard, Business creates jobs governments don't. Under state capitalism government funds the jobs business creates the product and sells it, business takes the profits, government guarntees loss protection and gets taxes. It's like win-win.
Big Business and Big Government fit togther like a horse and carriage. Any attempt to divorce them in a mixed economy like Canada's is bound to be a disaster. In the US it is known as the Military Industrial Complex.
Canada 'success' in aerospace
MONTREAL – No nation can be a serious player in the global aerospace business without government support and Canada is one of the best and most successful in the game of state funding, according to a new report by an independent British consultant.
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So much for the theory that the private sector can do it all, or that the private sector is more efficient than government, or that old canard, Business creates jobs governments don't. Under state capitalism government funds the jobs business creates the product and sells it, business takes the profits, government guarntees loss protection and gets taxes. It's like win-win.
Big Business and Big Government fit togther like a horse and carriage. Any attempt to divorce them in a mixed economy like Canada's is bound to be a disaster. In the US it is known as the Military Industrial Complex.
Canada 'success' in aerospace
MONTREAL – No nation can be a serious player in the global aerospace business without government support and Canada is one of the best and most successful in the game of state funding, according to a new report by an independent British consultant.
"No one country can afford to abandon state support; it's not possible to compete unilaterally without it. For the future, investment mechanisms may evolve, but this looks like an industry unlikely to kick the habit of dependence," says the 78-page study by Counterpoint Market Intelligence Ltd.
Indeed, co-authors George Burton and Richard Apps say there is a direct correlation between the pecking order of national aerospace industries and the level of government support they receive.
"Canada must be regarded as one of the success stories for the state funding of aerospace," particularly in terms of tax credits for research and development -- "one of the most generous R&D funding regimes in the world, with a 20-per-cent tax credit for every [dollar] spent," the report says.
Canada -- which claims bragging rights to the world's fourth-largest aerospace industry -- "punches above its weight," Mr. Burton said in a telephone interview yesterday.
"It's a sort of model as to how it can be done."
Funding of the aerospace sector in Canada -- particularly to Montreal-based regional jet maker Bombardier Inc. -- has been under fire for years from different quarters, including critics in the federal Conservative Party, which is now leading the governing Liberals in opinion polls in the current election campaign.
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Conservatives Favour The Rich
Who knew. Gee I thought this was the party of the Working Class as the Harper said the other day. I am shocked. I am speechless. NOT.Well what did you expect. It's a one size fits all economic policy. And one size fits always benefits the rich. No wonder the Harper is hiding from the media over the weekend. As we look behind the Wizard of Oz platform we see what the real Tory agenda is, but no-one is around to take the heat. Its a duck and cover weekend.
Tory tax plan ultimately favours well-off: experts
Updated Sat. Jan. 21 2006 2:13 PM ET
Canadian Press
OTTAWA — Stephen Harper's Conservatives are promising tax breaks if they're elected Monday, but just how much you'll get depends on how much you've already got.
Well-heeled Canadians, rather than low-income families, will enjoy the majority of the benefits from new tax measures promised by the front-running Conservatives, some analysts say.
Middle-income earners can also count on a few extra bucks, especially if they've got young children running around the house under the care of a stay-at-home mom.
But not a lot of cash will trickle down to poorer families.
That's because the Tory tax-cut plans aren't income sensitive, instead offering the same breaks to rich and poor alike -- which means in many cases higher-income earners will fare the best.
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Money Money Money
On average Canadian unionized workers saw their paycheques increase just above the rate of inflation by 2.3% On the other hand Bankers, who do not produce any real value merely exchange values, saw their wage increase 10%-14%. And this is one of the smallest banks in Canada. And contrary to the Conservatives, err Canadian Taxpayers Federation, their pensions are larger than the one Landslide Annie is going to earn.
National Bank of Canada increased the pay of chief executive officer Réal Raymond last year after profit climbed 18 per cent. Mr. Raymond was paid $7.4-million in salary, bonus, stock options and pension contributions, a 10-per-cent increase from $6.7-million a year earlier, the Montreal-based lender said yesterday in a regulatory filing. National Bank's profit climbed to a record $855-million, or $4.90 a share in the year that ended Oct. 31. Louis Vachon, who runs the National Bank Financial investment bank, earned $6.2-million, up from $4.1-million a year ago. Pierre Fitzgibbon, who became chief financial officer in July, earned $1.96-million in cash, bonuses, stock options and retirement benefits, while his predecessor Michel Labonté earned $753,500. NA (TSX) fell 19 cents to $60.90. Bloomberg
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