Sunday, January 26, 2014

Sunday Afternoon Tea With Bertolt Brecht

A little something to share with those nearest and dearest who are disengaged, so to speak:

A Day Of Rest



Once again in my neck of the woods, we are experiencing punishing cold, cold that is predicted to remain throughout the week, so it seems like a propitious time to take a day off, get caught up on my newspaper reading, and complete a really interesting book by Oliver Sacks called Hallucinations.

In the absence of a real post, I thought you might find interesting the fact that Kellogg's is not restricting its contempt for its workers to Canada. Apparently, things are not going too well for its workers in the U.S., something detailed in this Truthout article.

To contradict Tony the Tiger, things are not Grrrrrreat!

I somehow doubt that this commercial from the 80s would be embraced by Kellogg's today:

Saturday, January 25, 2014

A Guest Post From John B.

Click here to read an unflattering magazine profile of this 'titan'.

Yesterday afternoon, I wrote a brief post on Kevin O'Leary, the fatuous, obnoxious self-promoter the CBC, likely in its futile efforts to appease the Harper government, keeps in its stable of right-wing cranks.

In response to the post, I received a thoughtful commentary on O'Leary from John B, which I am featuring here to ensure a larger readership than the comments' section normally affords:

Is it part of Mr. O’Leary’s deal with the CBC that his daily commentary as chief business analyst be introduced with a mention that he is also the “Chair of O’Leary Funds”? I’ve wondered about that for some time.

I think that the important story here is that "the Chair of O'Leary Funds" is getting media exposure that may help him market his shtick internationally. Look at the sly little grins and the glint in the eye obvious in the video as he spews his nonsense. I think he knows that it's nonsense. It’s been designed to beg for attention.

This guy doesn't believe in anything besides running his business. And for several years one of his main businesses seems to have been marketing himself as a caricature of the iconic greedy capitalist. Now they're writing about him in the Independent. That's the scoring play - his money shot. That's why he likes to mention his U.S. show when being interviewed - international exposure. In the U.S. ‘they call him Mr. Wonderful’. Yes - that's probably because someone told them he was known by that handle in other circles without mentioning that it’s likely he made it up. It's how you create and sell a product. And the product is the act.

The act may have taken over the person and the act may have started long before the advent of O'Leary TV; but it's still just about making the sale, whether it's dog food, a worthless corporate asset or a cartoon character.

The Lang & O'Leary Exchange isn't a business news programme; it’s third-rate entertainment with a little synergistic libertarian propaganda along for the ride. And the worst part of it is that you can’t escape exposure to its juvenile propaganda efforts by not tuning in. At every station break the network is sure to broadcast one of their promotional spots for the show featuring inserts of still close-ups of Mr. Wonderful’s wonderfully-manicured digits posed in that silly configuration that he seems to have come to prefer. In each of these spots his sidekick, Amanda, stumbles into a staged ambush that Mr. O’Leary can accomplish by rhyming off some line that could have come from the Market Libertarian’s Handbook for Disturbed Teenagers: “If you want a share, become a shareholder” or “The market will decide.” God has spoken.

O'Leary is serious about what he's doing - getting a paycheque and getting exposure for his fund and his comedy act. But his sparring partner provides the best comedy on the show. She presents herself in a manner that suggests she considers herself to be a journalist, while she actually just plays one on a boring TV show. Maybe it’s just part of her “straight-man” act. Whatever the case, she does it very well.

I’m still puzzled about one thing: did he come up with the thing with the hands or did he have to pay a personal stylist to do it?

Friday, January 24, 2014

UPDATED:The Most Obnoxious Blowhard?

Many of you have probably already heard of this, but I can't help but wonder if Kevin O'Leary is in some kind of competition with Donald Trump for the title of world's most obnoxious blowhard.



UPDATE: Thanks to ThinkingManNeil, who offers this comment and the video that follows:

Mr. O'Leary needs to learn how to work a real job earning and honest living like 3.5 billion others try to. May I suggest he go try mining sulfur by hand in the crater of Kawah-Ijen? Maybe then he'll get some perspective...

Self-Interest Versus The Public Good



We Canadians talk a good game. We want our unemployed to be able to find jobs, we want those with the need to be able to readily access the social safety net, and we think the plight of the working poor is pitiable. But a question that we must confront is this: Are we willing to put our money where our mouth is?

My question is prompted by two topics: the decline of the Canadian dollar and the push to increase the minimum wage to $14 (in Ontario).

First, the decline of the loonie. Even though its decreasing value is likely being encouraged by the Harper government to boost employment numbers going into the 2015 election, the fact is that a lower dollar is good for job creation, increasing as it does exports of our products and tourism from abroad.

Yet what seems uppermost on the minds of many? - the fact that imported goods will cost more, trips to sun destinations so popular with chilled Canadians are getting more expensive, and cross-border shopping trips will no longer be such a source of delight for so many.

This is just a thought experiment, but I can't help but wonder what choice people would make if they had the power to affect the trajectory of the Canadian dollar. Would they see the larger good that will be served by its current decline, or would they say that's none of their concern, and that their priority is to get the most value for their hard-earned dollars?

On a similar note, we profess our enthusiasm for a significant increase in the minimum wage, a subject upon which I have written many times. Indeed, there is some good news on that front from the United States, where, for example, Seattle's new mayor, Ed Murray, has boosted the wages of municipal workers to $15 per hour, and Seattle's suburb of Sea Tac has done the same for the 1,500 hotel and rental car agency workers.

Putting aside the usual objections raised by the usual suspects that wage increases are job-killers, there are compelling reasons for increasing the minimum wage, not the least of which is the boost to the economy that ensues when more money is put in the hands of more people. As an entrepreneur in the documentary Inequality for All says, "Just because I make $10 million a year doesn't mean I spend $10 million a year on goods and services. It's better that money should be put in the hands of many people so they spend." He went on to explain that his money is invested to earn more money, not necessarily to create jobs.

Add to that the fact that, for example, raising the minimum wage in Ontario to $14 per hour would put raise the working poor 10% above the poverty line, assuming, of course, that they are working 35-40 hours per week. Economic stimulus effects aside, that is a pretty compelling reason to support an increase.

But returning to our thought experiment, what choice would people make if they knew that any such increase means we would all pay a little more for our groceries, our fast foods, our services, etc.? Would we turn our collective backs on the greater good, or would we embrace the fact that everyone has to make some sacrifices, both business in the form of slightly lower profits and consumers in the form of slightly reduced purchasing power, if we want a more equitable society and a slightly lower disparity in incomes?

We all like to get the best value possible for our money, and I am no exception. Yet, even though I am hardly a paragon of virtue, the logic of increasing the minimum wage is compelling, one to which I readily accede.