Showing posts from January 30, 2014

High court dismisses Ottawa, B.C. appeal of First Nations fisheries

[I wonder if any government has ever been taken to court by its own people as much as the Harper government? The cost to the public purse must also be staggering. In any case it's beginning to seem that this is the only effective way to actually change Harper's policies. *RON*]

By The Canadian Press Posted: 01/30/2014 1:23 pm EST | Updated: 01/30/2014 1:59 pm EST

VANCOUVER - The Supreme Court of Canada has dismissed a federal government application to appeal a British Columbia court ruling recognizing First Nations rights to a commercial fishery.

The decision brings an end to a decade-long legal fight by the Nuu-chah-nulth (New-cha-nulth) nations of Vancouver Island.

The five bands involved argued that fisheries formed the backbone of their trading economy long before the arrival of Europeans.

They say that translates into the right to conduct a modern commercial fishery and not just a subsistence food fishery.

The federal and provincial governments both challenged the claim, with…

CHART OF THE DAY: A Big Question Mark For Investors In US Stocks

[Globalization is starting to play havoc with the idea of a well-diversified portfolio. As the world increasingly becomes one great big inter-correlated finance market, it no longer helps you to hold investments in both Standard & Poor's and emerging markets in the way that it used to! *RON*]

MATTHEW BOESLER JAN. 30, 2014, 4:24 PM

Emerging markets have been in the news a lot this week.

Volatility in EM seems to have finally spilled over into developed markets around the world, like the U.S. stock market — a dynamic the chart below from the Goldman Sachs equity strategy team captures perfectly.

It’s easy – perhaps too easy – for B.C. authorities to seize property worth less than $75,000

[This is becoming a popular funding model for police forces in the US. There appears to be absolutely no due process involved. *RON]


Published Thursday, Jan. 30 2014, 9:30 AM EST, Last updated Thursday, Jan. 30 2014, 2:53 PM EST
By the time Morgan Fane’s client had received the letter from the B.C. Civil Forfeiture Office indicating his property was being seized, the deadline to respond had already passed. His $3,000 was gone.

The cash was seized during a roadside stop. Police believed one of the men inside the vehicle was selling drugs and the money was a result of that activity, but charges were never laid.

The office sent a letter to the last-known address for the money’s owner, where a family member signed for it. But by the time that letter made it into the owner’s hands, it was too late. The cash had been forfeited.

Why the rich are freaking out

[Sort of a Preppie Grapes of Wrath? :-D “I think this is going to be disastrous for the city,” one top executive at a large Wall Street bank said on the eve of de Blasio’s election. “The people who pay taxes could move out, the businesses could leave. What’s keeping us here?” *RON*]

The nation’s wealthiest 1 percent appear to be having a collective meltdown. | AP PhotoClose
By BEN WHITE | 1/30/14 5:02 AM EST

NEW YORK — The co-founder of one the nation’s oldest venture capital firms fears a possible genocide against the wealthy. Residents of Manhattan’s tony Upper East Side say the progressive mayor didn’t plow their streets as a form of frosty revenge. And the co-founder of Home Depot recently warned the Pope to pipe down about economic inequality.

Does raising the minimum wage = job losses?

[Here is another good article on minimum wage myths and facts.Small businesses don't mind the idea of higher minimum wages.Even the Harvard Business Review sees the advantages. *RON]


You can change the conversation. Chip in to rabble's donation drive today!

Recently Ontario has decided to raise its minimum wage from $10.25 to $10.94, a full 16 per cent below the poverty line. While the hundreds of thousands of Ontarians who try to subsist on minimum wage are no doubt lining up to thank the benevolent Premier Wynne for inching them that much closer to actually being able to arise from abject poverty through full-time employment, the praise has not been unanimous.

Why Slashing Corporate Tax Rates Was Detrimental to Ordinary Canadians

[The corporate tax rate has been cut almost in half, dropping as a source of government revenues, corporate profits are up as are CEO salaries, yet business investment in R&D and employee training is falling, with taxpayers picking up the training tab, unemployment is persistently high, and such jobs as are being created are part time, precarious, no-benefit MacJobs. *RON*]

Ken Georgetti President, Canadian Labour Congress

A Canadian Labour Congress research report shows that, due to lavish tax breaks, the largest of Canada's non-financial corporations had paid their entire share of taxes to all levels of government in 2012 by the end of January. We call that Corporate Tax Freedom Day.

B.C. Oil Spill Risk Among Worst In Canada: Report

[No surprise here, except possibly to Stephen Harper and Joe Oliver. *RON*]

By Bruce Cheadle, The Canadian Press Posted: 01/29/2014 3:28 pm EST | Updated: 01/29/2014 6:59 pm EST

OTTAWA - The coast of southern British Columbia and the Gulf of St. Lawrence are the Canadian areas most vulnerable to marine oil spills and among the most likely for a major spill to occur, according to a government-commissioned risk analysis.

The Politely Evil Empire


Two Big Reasons Why Solar Power is Under Siege

[Utilities are being allowed to impose punitive fees on homeowners who go solar. ALEX has jumped into the fray, proposing additional ways of knee-capping alternative energy and casting solar power users as 'free-riders on the system.' *RON]
Thu, 2014-01-30, RUSSELL BLINCH

Forget the U.S. war on coal, that’s not going so well for the team in the charcoal jerseys. The real shooting war has opened up against renewable energy, particularly solar, because of its potentially disruptive nature to vested interests.

Scientists question why Ottawa hired top oil lobbyist to advise government on lakes facility studying pollution

["if you want someone to evaluate what Experimental Lakes Area could do and what the implications of it being transferred to IISD would be, you’d think you’d look to a senior scientist, not someone who’s not a scientist at all and is connected to the oil and gas industry.” *RON]

Stephen Maher, Postmedia News | January 29, 2014 | Last Updated: Jan 29 1:09 PM ET

Todd Korol for National Post. Gerry Protti, a former Encana executive and one of the founders of the Canadian Association of Petroleum Producers, was hired by the department in December 2012 on a three-month “management consulting” contract for $21,000.
One of Canada’s most prominent oil lobbyists was hired to advise the Department of Fisheries and Oceans on the Experimental Lakes Area, a freshwater research facility that the federal government ordered shut in 2012.

Mirabile Dictu! Reid Tells Off Obama on Fast Track, Killing Toxic Trade Deals for 2014

[A small bit of good news. It looks as though the TransPacific Partnership is a dead duck, at least for the duration of 2014. Beyond that it's hard to tell. *RON*]

Posted on January 30, 2014 by Yves Smith

Obama made yet another pitch in State of the Union Address for his gimmies to multinationals known as the TransPacific Partnership and the TransAtlantic Trade and Investment Partnership. Today that idea went down in flames, at least as far as getting the deals done this year are concerned. From Huffington Post: