The Occupy Wall Street Protest, now in its 12th day, has received very little coverage in the mainstream press, for reasons that seem too obvious to state. As usual, The Real News Network informs us where corporate media fears to tread. The following video offers a useful primer on the movement which, despite the fact that it is a demonstration against the excesses of American capitalism, has equal application to our country. Other video links will follow soon.
Wednesday, September 28, 2011
Goldman Sachs Rules The World
At least it does according to trader Alessio Rastani who, in an interview with the BBC, confesses that he dreams of recessions, [and]sees Goldman ruling the world. Remember this interview the next time someone tells you that business knows best, and that governmental regulation unfairly fetters it.
UPDATE: It has now been revealed that Rastani is not exactly who he claimed to be in the interview. According to a story carried in today's Star, he bills himself on his website as "an experienced stock market and forex trader," and later confesssed to being an "attention seeker" for whom "trading is like a hobby."
Nonetheless, his demeanour and professed beliefs seem to mirror another story entitled Traders outperform psychopaths in egocentrism and lying – but not in making money, which finds many similarities between the two, except that psychopaths seem less consistently ruthless!
UPDATE: It has now been revealed that Rastani is not exactly who he claimed to be in the interview. According to a story carried in today's Star, he bills himself on his website as "an experienced stock market and forex trader," and later confesssed to being an "attention seeker" for whom "trading is like a hobby."
Nonetheless, his demeanour and professed beliefs seem to mirror another story entitled Traders outperform psychopaths in egocentrism and lying – but not in making money, which finds many similarities between the two, except that psychopaths seem less consistently ruthless!
Tuesday, September 27, 2011
One More Thought For Today.
A few weeks ago, I wrote a post on education, lamenting the fact that like just about everything else, it has become a commodity, measured almost exclusively by its ability to lead to a good-paying job. Last evening, while watching the local news, I once more had confirmation of this.
An economics professor from McMaster talked about how education gives you a much better return on the dollar than most 'financial instruments' such as stocks or RRSP's. The report went on to say that having a Masters will enhance your earning power 8 or 9% on top of a Bachelor's degree.
As I have written previously, there is nothing wrong with the idea of pursuing education for the economic benefits it can confer, but to have it considered purely in those terms, without any acknowledgement of the value of the critical thinking skills benefits than can also accrue, seems to me quite short-sighted and yet another indication of the shallowness of our times.
You can watch the full report here.
An economics professor from McMaster talked about how education gives you a much better return on the dollar than most 'financial instruments' such as stocks or RRSP's. The report went on to say that having a Masters will enhance your earning power 8 or 9% on top of a Bachelor's degree.
As I have written previously, there is nothing wrong with the idea of pursuing education for the economic benefits it can confer, but to have it considered purely in those terms, without any acknowledgement of the value of the critical thinking skills benefits than can also accrue, seems to me quite short-sighted and yet another indication of the shallowness of our times.
You can watch the full report here.
Will That Be One Smirk Or Two?
Watching the news last night, I was reminded once more of how personally repugnant my decision to vote for the McGuinty government is. I cited the reasons for my shift in yesterday's post, and although from my perspective there is no reasonable alternative in my riding, it still does not sit well with me.
During a news scrum yesterday, McGuinty was asked how much the decision to halt the still-ongoing construction of the Mississauga power plant (a decision the Premier insists was not prompted by electoral concerns) is going to cost taxpayers. His reply: “That is the subject of continuing conversation.”
He was then asked how much it had cost to halt the Oakville power plant last year after sustained demonstrations and representations by the people. His answer, this time with a smirk, was “That is the subject of continuing conversation.”
Now I realize that politicians never want to hand any ammunition to their opponents, especially during an election campaign, but the 'wink-wink, nudge-nudge' demeanour of the Premier makes us all complicit in the lie he is telling. To brazenly feign ignorance about such costs is in fact to lie to the electorate, the very people our government is supposed to be representing, and the saddest part is he realizes he can get away with it because of our natural passivity and ignorance.
My feelings of impotence and anger grow daily.
UPDATE: The Ontario Premier's professed ignorance notwithstanding, a story in today's Star puts the cost at shutting down both the Oakville and Mississauga power plant projects at about $1 billion.
During a news scrum yesterday, McGuinty was asked how much the decision to halt the still-ongoing construction of the Mississauga power plant (a decision the Premier insists was not prompted by electoral concerns) is going to cost taxpayers. His reply: “That is the subject of continuing conversation.”
He was then asked how much it had cost to halt the Oakville power plant last year after sustained demonstrations and representations by the people. His answer, this time with a smirk, was “That is the subject of continuing conversation.”
Now I realize that politicians never want to hand any ammunition to their opponents, especially during an election campaign, but the 'wink-wink, nudge-nudge' demeanour of the Premier makes us all complicit in the lie he is telling. To brazenly feign ignorance about such costs is in fact to lie to the electorate, the very people our government is supposed to be representing, and the saddest part is he realizes he can get away with it because of our natural passivity and ignorance.
My feelings of impotence and anger grow daily.
UPDATE: The Ontario Premier's professed ignorance notwithstanding, a story in today's Star puts the cost at shutting down both the Oakville and Mississauga power plant projects at about $1 billion.
Monday, September 26, 2011
As Usual, The CBC Is Under Attack By The Right-Wing
I have written before about how I feel that the Canadian Broadcasting Corporation has, in many ways, sold out to the Conservative Government. Undoubtedly not having understood the sad history of appeasement, they have pursued that profitless course, trying to convince the government of its bones fides by giving right-wing cranks like Kevin O'Leary his own show, and allowing Peter Mansbrige to play the role of the obeisant sycophant during his interviews with those who hold power.
Nonetheless, the Right is implacable. As is so widely evident in their destructive rhetoric, they cannot tolerate opposing views, even when they hold power. It is therefore not surprising that there is a concerted move afoot to defang ( I mean defund) the CBC even further.
As reported in a Globe story entitled CBC funding under microscope in Conservative survey:
Conservative Senator Irving Gerstein, who chairs the Conservative Party’s fundraising division, recently sent a letter to supporters that included a 10-question “National Critical Issues Survey” seeking input to help the government set its priorities for the fall and into 2012.
One question asks whether the more than $1-billion Ottawa spends on the CBC is “good value” or “bad value.”
Meanwhile, two Conservative MPs, Rob Anders and Ed Holder, are taking it a step further, asking their constituents in surveys whether the government should keep funding the CBC.
Mr. Anders, a Calgary MP who has always been a controversial maverick on the right wing of his party, now features a petition on his website calling on Parliament “to end public funding of the Canadian Broadcasting Corporation.”
Some may recall that Anders, who had an interesting previous life as a professional political heckler in the U.S., was also the moral and mental genius who was the sole parliamentarian to vote against Nelson Mandela being recognized as an honorary citizen of Canada, labeling him a communist and terrorist.
Need I add more?
Nonetheless, the Right is implacable. As is so widely evident in their destructive rhetoric, they cannot tolerate opposing views, even when they hold power. It is therefore not surprising that there is a concerted move afoot to defang ( I mean defund) the CBC even further.
As reported in a Globe story entitled CBC funding under microscope in Conservative survey:
Conservative Senator Irving Gerstein, who chairs the Conservative Party’s fundraising division, recently sent a letter to supporters that included a 10-question “National Critical Issues Survey” seeking input to help the government set its priorities for the fall and into 2012.
One question asks whether the more than $1-billion Ottawa spends on the CBC is “good value” or “bad value.”
Meanwhile, two Conservative MPs, Rob Anders and Ed Holder, are taking it a step further, asking their constituents in surveys whether the government should keep funding the CBC.
Mr. Anders, a Calgary MP who has always been a controversial maverick on the right wing of his party, now features a petition on his website calling on Parliament “to end public funding of the Canadian Broadcasting Corporation.”
Some may recall that Anders, who had an interesting previous life as a professional political heckler in the U.S., was also the moral and mental genius who was the sole parliamentarian to vote against Nelson Mandela being recognized as an honorary citizen of Canada, labeling him a communist and terrorist.
Need I add more?
Sometimes You Just Have To Hold Your Nose
I always try to be completely honest in everything that I write for this blog. If I see reason for praise, I acknowledge it, sadly a rare occurrence. Most commonly I am extremely critical of the issues and people that I write about. One of my most frequent targets has been Ontario Liberal Premier Dalton McGuinty.
My contempt for the Premier arose out of the role he played in the G20 police-violence perpetrated against peaceful protestors last year in Toronto. As I have written previously and extensively, the McGuinty government was responsible for withholding crucial information from the public about the non-existence of expanded police powers, most notably the fiction that the authorities had the right to stop, question, and even arrest people who came within five meters of the security fence that had been erected to protect our visiting political 'masters.' I was, and I remain convinced, that that fictitious regulation emboldened the police to far exceed their authority, resulting in the mostly baseless arrest of over 1100 people, the vast majority of whom were later released without charge.
The other person I hold directly responsible is Chief Bill Blair, who, like the Premier, waited until the Summit was over before revealing the truth. The fact of collusion between the two is obvious, and the refusal of McGuinty to call an inquiry has allowed an ongoing distrust, cynicism and disillusionment to continue to fester, not a healthy situation for a democracy. And I remain convinced that Chief Blair should resign.
So what is my point here? Sadly, despite my publicly-stated repudiation of the McGuinty government and my resolve not to vote for them in this election, I have come to the onerous conclusion that I must go back on my word.
The are two reasons for my reversal: Tim Hudak, and the fact that the recent Star poll breakdown of ridings show that in mine, the Liberal and the PC candidates are virtually tied, with the NDP not even within shouting distance.
Having lived through the years of his mentor and predecessor Mike Harris, I know the emptiness of the recycled rhetoric which Hudak is fond of spouting: finding efficiencies, cutting taxes but not services, etc. etc., concepts that may find a ready audience with the simple-minded, but deeply insulting to the critical thinker. As well, the recent antics and attempts at dismantling Toronto by Mayor Rob/Doug Ford and their acolytes offer an effective preview of what is in store for the rest of the province should Mr. Hudak and his band gain entry to the Premier's office.
I find much to fault in Ontario's Liberal government, yet sadly at this juncture, I am preparing to hold my nose and vote for it, clearly the lesser of two evils from my perspective.
Please sign this petition urging Prime Minister Harper to stop threatening Michaela Keyserlingk and to stop exporting asbestos.
My contempt for the Premier arose out of the role he played in the G20 police-violence perpetrated against peaceful protestors last year in Toronto. As I have written previously and extensively, the McGuinty government was responsible for withholding crucial information from the public about the non-existence of expanded police powers, most notably the fiction that the authorities had the right to stop, question, and even arrest people who came within five meters of the security fence that had been erected to protect our visiting political 'masters.' I was, and I remain convinced, that that fictitious regulation emboldened the police to far exceed their authority, resulting in the mostly baseless arrest of over 1100 people, the vast majority of whom were later released without charge.
The other person I hold directly responsible is Chief Bill Blair, who, like the Premier, waited until the Summit was over before revealing the truth. The fact of collusion between the two is obvious, and the refusal of McGuinty to call an inquiry has allowed an ongoing distrust, cynicism and disillusionment to continue to fester, not a healthy situation for a democracy. And I remain convinced that Chief Blair should resign.
So what is my point here? Sadly, despite my publicly-stated repudiation of the McGuinty government and my resolve not to vote for them in this election, I have come to the onerous conclusion that I must go back on my word.
The are two reasons for my reversal: Tim Hudak, and the fact that the recent Star poll breakdown of ridings show that in mine, the Liberal and the PC candidates are virtually tied, with the NDP not even within shouting distance.
Having lived through the years of his mentor and predecessor Mike Harris, I know the emptiness of the recycled rhetoric which Hudak is fond of spouting: finding efficiencies, cutting taxes but not services, etc. etc., concepts that may find a ready audience with the simple-minded, but deeply insulting to the critical thinker. As well, the recent antics and attempts at dismantling Toronto by Mayor Rob/Doug Ford and their acolytes offer an effective preview of what is in store for the rest of the province should Mr. Hudak and his band gain entry to the Premier's office.
I find much to fault in Ontario's Liberal government, yet sadly at this juncture, I am preparing to hold my nose and vote for it, clearly the lesser of two evils from my perspective.
Please sign this petition urging Prime Minister Harper to stop threatening Michaela Keyserlingk and to stop exporting asbestos.
Sunday, September 25, 2011
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