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Showing posts from September 13, 2016

Russian-Chinese naval drills start in South China Sea

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[Everything I'm seeing makes me think the war drums are just going to get louder over the next decade. See also: Fifteen Years After 9/11, Perpetual "War on Terror" Continues Unabated. *RON*]
Tass, 12 September 2016

ZHANJIANG/MOSCOW, September 12. /TASS/. Joint Russian-Chinese naval drills "Sea Cooperation-2016" will start in the South China Sea today, Igor Dygalo, spokesman for the Defense Ministry’s Navy department of information and mass communications, told journalists on Monday.

"The group of Pacific Fleet’s combat ships will take part in the Russian-Chinese naval drills ‘Sea Cooperation-2016" which will take place on September 12-19 in the north-western part of the South China Sea near the shore of the Chinese province Guangdog," Dygalo, Captain 1st rank, said.

Not connected with political situation

The naval drills of the two countries will take place against the backdrop of deteriorating situation a…

Feds Appoint Chair of B.C. Industry Group to Panel Reviewing Environmental Assessment Process

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[Regulatory capture in the Banana Republic. This is almost a week old, but I just came across this atrocity: "The appointee, Doug Horswill, is the founding chair of Resource Works, an industry advocacy group with close ties to the BC Liberals that aggressively advocates for the interests of extractive industries in B.C." *RON*]

By Carol Linnitt, DeSmog Blog Canada, 8 September 2016

The federal government has appointed the founding chair of a vocal B.C.-based industry advocacy group to a four-member panel tasked with reviewing Canada’s environmental assessment process.*

The panel is part of Prime Minister Justin Trudeau’s attempt to make good on his campaign promise to restore credibility to environmental reviews of major energy projects — but the appointment calls into question the credibility of the panel.

The appointee, Doug Horswill, is the founding chair of Resource Works, an industry advocacy group with close ties to the BC Libera…

When Will New York City Sink?

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["When I later looked at the Climate Central maps, I saw that ten feet of water would completely submerge the area. But nearby, I noticed a patch of leafy, undeveloped land, which stayed dry in even the most apocalyptic scenario: Green-Wood Cemetery. Jacob likes to morbidly observe that some of the highest ground in New York — and some of its most desirable future real estate, perhaps — is currently occupied by graveyards." See also: Less Than a Month After Historic Floods in Louisiana, We Know Climate Change Played a Role and It’s Too Late to Save the Glaciers, but Scientists Are Saving Some Pieces in an Antarctic Vault. *RON*]

By Andrew Rice, New York Magazine, 7 September 2016

This is New York in the not-so-distant future. Even locals who believe climate change is real have a hard time grasping that their city will almost certainly be flooded beyond recognition. Photo-illustrations by MDI Digital
Klaus Jacob, a German professor affi…

TPP gains negated by farm losses

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["So the net economic gain is zero, and Canadians are still on the hook for more expensive prescription drugs and costly corporate lawsuits." *RON*]

Council of Canadians, Media Release, 12 September 2016


OTTAWA – The purported benefits of the Trans-Pacific Partnership (TPP) outlined in Global Affairs Canada’s study of the deal evaporate when offset against the cost of compensating farmers for their losses, according to the Council of Canadians.

“The department’s study predicts additional economic growth of just 0.127 per cent over two decades. Coincidentally, that growth – estimated to be worth $4.3 billion – is the exact same amount that was promised to farmers to compensate them for their losses,” said Maude Barlow, national chairperson of the Council of Canadians. “So the net economic gain is zero, and Canadians are still on the hook for more expensive prescription drugs and costly corporate lawsuits.”

The Council of Canadians is asking…

FortisBC customers to pay $82 more for gas on average per year

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[Gosh do you suppose my pension is going up by 80 per cent? Christy-Land, the Banana Republic of hidden taxes, so she can say every election year - Low taxes! We never raise taxes!! *RON*]

by News 1130 Staff, 12 September 2016
The rate increase will go into effect on October 1st

The company says rising natural gas prices and increased demand due to the hot summer led to the increase

VANCOUVER (NEWS 1130) – FortisBC says it has been given the green light from the BC Utilities Commission to up its natural gas rates by 80 per cent.

As of Oct. 1, customers will pay $2.05 per gigajoule, up from $1.14. Because the price of gas only makes up a fraction of an overall bill, the average homeowner can expect an increase of $82 per year, based on the average use of 90 gigajoules per year.
Fortis gets permission to raise natural gas rate 80% on Oct. 1 to $2.05/gj. Says hot summer in much of NA to blame.pic.twitter.com/fPvybF3qLi — Richard Dettman (@rwdettman) Sep…

Federal Reserve risks markets shock with September move

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[That the market actually believes it could sink or swim based on tiny adjustments to interest rates goes to show how utterly disconnected Wall Street is from business fundamentals and how utterly dependent it has become on the free cash of corporate welfare. *RON*]

Eric Platt, Financial Times, 12 September 2016

Janet Yellen will deliver the biggest shock to markets since taking over as chair of the Federal Reserve should the central bank raise interest rates this month, according to a survey of Wall Street economists that shows more than 85 per cent expect it to hold fire.

The skepticism among economists may concern the Fed’s top officials, who have spent the past month trying to persuade financial markets that an increase at their meeting on September 21 is a possibility given that the US unemployment rate is below 5 per cent and the global fallout from the Brexit vote has been muted.

They have succeeded at least in jolting financial markets o…