Showing posts from May 1, 2016

Baldrey: How Trudeau, Notley and Clark could shape Canada’s energy policies

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[Saying "Yes" to pipelines is not showing the global environmental leadership that Trudeau promised the electorate. And now this: B.C. begins its own oil pipeline review (in my opinion, all for show, to create a bargaining position). *RON*]
By Keith Baldrey, Global News, 30 April 2016

It would have been unheard of mere months ago, but there’s a chance a new political triumvirate is emerging to dominate the energy policies for this country.

The troika may soon consist of Prime Minister Justin Trudeau, Alberta Premier Rachel Notley and B.C. Premier Christy Clark.

To say it’s an example of politics making strange bedfellows doesn’t quite capture this group. It features a left-of-centre federal Liberal, a left-wing government that tilts right in Alberta and a coalition B.C. government that alternates between liberal and conservative traits in this province.

Whether these three actually form a common front remains to be seen, but it appears…

Liberals, Federal Officials Sing From Different Songbook On F-35s

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[Priorities. The government still won't say a positive "No" to these ba-zillion dollar wartime white elephants, but free higher education is just a pipe dream. *RON*]
By Murray Brewster, Canadian Press / Huffington Post, 29 April 2016
OTTAWA — The Trudeau Liberals may have promised to exclude the F-35 from the competition to replace the air force's aging CF-18 jet fighters, but federal officials meeting the day after last fall's election were singing a completely different tune, documents reveal.

The records, obtained by The Canadian Press, show top Industry Canada bureaucrats met on Oct. 20 and discussed what advice to give the incoming government about the controversial procurement, emphasizing the decision should be based on requirement, not politics.

"A procurement decision like C-18 replacement is primarily driven by the operational needs of the Canadian Forces," said the briefing.

Prior to the election, Trudeau …

So you've ruined a town and poisoned its children—what next? Bill them for your legal costs

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[When the US system works it works well. And when it don't... *RON*]
By Mark Sumner, Daily KOS, 25 April 2016

Darnell Earley was appointed as emergency manager of Flint, Michigan, by Gov. Rick Snyder. As emergency manager he had expansive powers including control over the city’s public works, and while it was yet another Synder-appointed emergency manager who signed the contract to start pumping water out of the Flint River, Earley was the man in charge when the switch over actually happened and lead started leaching into the water delivered to homes.

Earley is, with some justification, under criminal investigation as part of the ongoing Flint crisis. So it’s not surprising that he’s hired a lawyer. What is surprising is what he did with his legal bills.

Former Flint emergency manager Darnell Earley tried to bill the cash-strapped city $750 an hour for an attorney to sit with him while he was questioned last month in Washington by a congressiona…

Is Atlantic City about to make N.J. history by defaulting on debt?

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[Atlantic City may win the dubious honour of being the first US city to go bankrupt since the Great Depression. *RON*]

By Brent Johnson | NJ Advance Media for, 1 May 2016

TRENTON — The last time a New Jersey municipality defaulted on its debt, Franklin D. Roosevelt was president, the U.S. was in the middle of the Great Depression, and World War II was still about a year away.

But that 78-year unblemished streak may soon be broken, thanks to the financial crisis in Atlantic City.

With the city nearly out of money and state leaders still arguing over a plan to save it from bankruptcy, Mayor Don Guardian said he will announce at a news conference Monday whether the Jersey Shore gambling resort will make a $1.8 million bond payment due Sunday, May 1.

Though the city is expected to receive its next tax payments Monday, Guardian said it's unclear if they'll have enough cash to make the payment.

Surprise, the pundits were wrong: poll shows huge support for Leap Manifesto

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[The NDP will continue to be a pointless party if they keep trying to pass themselves off as an ever-so-slightly to the left version of the other two centre-right parties. They should make the Leap Manifesto their official platform and give voters a real choice. Canadians across the political spectrum want a bold challenge to the status quo—and it’s up to the NDP to provide it. See the Leap Manifesto here. *RON*]

Martin Lukacs, The Guardian, 29 April 2016

For weeks, the corporate media has spouted a stern prediction: Canadians will flee in horror from the Leap Manifesto. We are a “modest shift people,” not “big shift people”. The New Democratic Party, merely by endorsing to debate the document, would court “irrelevance.”

A new poll shows just how wrong they were: far from recoiling from the Leap Manifesto, people are embracing it. Among the large and growing number of Canadians who have heard about the Leap Manifesto, half support it. That include…

Dallas Fed cautions on fresh oil bubble as glut keeps building

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[Amazingly, the US oil industry just keeps pumping out oil, even though there is a glut, they are running out of places to store it, and it will drive the price down even further. See also: This Could Be the Death of the Fossil Fuel Industry -- Will the Rest of the Economy Go With It? *RON*]

Ambrose Evans-Pritchard, The Telegraph, 29 April 2016

The US Federal Reserve has warned that the world is awash with excess oil and starting to run out of places to store the glut, with no sustained recovery in sight for the oil industry until 2017 at the earliest.

Robert Kaplan, head of the Dallas Fed, poured cold water over talk of a fresh oil boom this year and said the US shale industry has taken far longer to cut output than many expected.

“As we sit here today, Dallas Fed economists estimate that global daily oil production exceeds daily consumption by more than 1m barrels per day,” he told the Official Monetary and Financial Institutions Forum in London.