On Public-Private Partnerships

Much has recently been written about the Trudeau government's plan to establish an Infrastructure Bank whose putative purpose is to leverage private sector money to help fund projects. One can legitimately ask why that is necessary, given the record -low rates at which the government can currently borrow money.

Trapinawrpool provided a Twitter link to an analysis that should give everyone pause. Perhaps its most salient point is this:

It appears that public private partnerships (P3s), and not low-cost financing, will be the focus of the bank. The likely impact will be interest rates of 7 -9% on Infrastructure Bank projects, instead of 0.8 per cent, the current federal borrowing rate.

In other words, the proposed structure will increase interest costs by a factor of 10: 8% instead of 0.8%. Those higher costs will be paid by governments, by higher user fees, or both. Municipalities are not blind to this issue, preferring public financing due to its lower costs and improved control over public infrastructure.

For a quick look at the forces of unfettered capitalism that may very well be unleashed by the cozy relationship that Mr. Trudeau seems intent on fostering and furthering with his corporate pals, the American experience with such dalliances may prove instructive, especially when the report describes the field day private interests are having with toll roads they financed:



Clearly, Canadians should be very, very worried about what lies ahead under Mr. Trudeau's plans.

Are Trump's Ties To Russia About To Be Made Transparent?

You can read the long version here, or watch the short version below. For a slightly different slant, The Raw Story's evaluation of the writer of the article cited provides a basis for some critical reservations.

The Cassandra Award

This is an interesting concept. Check out the website and watch the following brief video.

Make Of This What You Will

Can't Say We Weren't Warned

But then, it's all a hoax anyway, isn't it?

As The Orb Turns

Here we are in Canada, celebrating the Victoria Day long weekend. Meanwhile, in a land far, far away, sinister forces are at work:

An Insurmountable Divide

These days I find myself writing less on this blog and curating interesting material more. In that spirit, I offer the following letters from Star readers.

The first one suggests the necessity of engaging the other side of the Trump polarity, while the ones that follow show why that is never likely to happen:

Re: New doc aims to take down Donald Trump, May 18

No matter how persuasive a Michael Moore documentary might be, he will never convince Trump’s hardcore supporters, now estimated at more than 30 per cent of the American population, that Trump is guilty of anything except standing up to the left-wing media and intellectual elites.

They see Moore is just one more “libtard,” “leftie” or any other of the pejoratives they save for anyone who disagrees with their personal issues. Moore unfortunately is destined to preach only to the already converted, and I doubt he will have any effect whatsoever on the so-called “unwashed masses” who give whole-hearted support to the embattled president, no matter how outrageous he is.

What is needed is dialogue, not more bear bating. If there is going to be any consensus in American public thinking, we must listen to each other. The extremists on both sides are unwilling. That leaves the large middle group to really sit down and dialogue with each other, one on one, two on two, to hear each other’s concerns and hopes.

We must not only hear, but listen, and I’m not sure there is any politician in the U.S. or Canada, or anywhere else for that matter, who can lead us to the consensus we need.

Are we destined to become more split, more angry and more lacking in cohesion until the system falls prey to dystopia?

Stephen Bloom, Toronto

“Look at the way I’ve been treated. No politician in history, and I say this with great surety, has been treated worse or more unfairly.”

These are the words of U.S. President Donald Trump, speaking to the graduating class of the U.S. Coast Guard Academy on Wednesday.

This says it all about the vain, ignorant and infantile man who occupies the Oval Office.

Trump embarks on his first foreign trip as an embattled and wounded president only four months into office. Not since Richard Nixon in 1974 has a president gone overseas so weakened. At least Nixon was six years into his presidency.

With the victory of Emmanuel Macron in France, western Europe seems to be stabilizing and the European project is safe for now. The wild card in international relations is the United States and its unstable president. And, of course, Vladimir Putin and the meddlesome actions of the Russian government.

Andrew van Velzen, Toronto

Trump asked me to stop Flynn probe, and Manning to remain on active duty, May 17

The fact that a soldier who shared secrets of the U.S. government has had to serve time in prison provides sharp contrast to a man who is perceived to have made improper efforts to influence an ongoing investigation within the U.S. government who gets to serve time as president.

Let’s hope he is let out on parole early.

Janet Lemon Williams, Guelph, Ont.

The 1964 movie The Fall of the Roman Empire ends with the prophetic comment: “A great civilization is not conquered from without until it has destroyed itself from within.”

The American Empire is in decline. It will not collapse during the Donald Trump era, but his barefaced lies, managerial incompetence and psychopathic behaviour are accelerating the U.S. downward.

Trump is not a political genius; he is the byproduct of our times: corporate greed, political corruption, technological transformation, wealth inequity, global warming, regional wars, international terrorism, drug cartels, asylum seekers and social media.

Many distraught and disoriented people are willing to support a bombastic leader who promises simple solutions, especially if those solutions exploit prejudicial scapegoating.

Lloyd Atkins, Vernon, B.C.