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Showing posts from November 30, 2016

Today's Trumpery

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Auditor General Fall Report 2016: Michael Ferguson Says It's 'Deja Vu All Over Again'

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[Check out the list at the end of the article of Ferguson's Key Findings... *RON*]
Canadian Press, Huffington Post, 29 November 2016
OTTAWA — Tax disputes are taking too long to resolve, there's no way to evaluate efforts to streamline cross-border traffic and trade and Canada is "squandering" the potential of its Aboriginal Peoples, the federal auditor general says in his annual fall report.

Michael Ferguson is marking the midpoint of his 10-year mandate by acknowledging some recurring themes, lamenting the fact that despite five years of pointing out flaws in the bureaucracy, many still show up in his reports year after year.

It's time to focus on the redistribution of wealth to poorer workers

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[The former World Bank chief economist says that protectionism against globalisation is not the answer to the labour crisis – inclusive growth is. Check out that shocking first graph. *RON*]

Greg Jericho, The Guardian, 29 November 2016
The globalisation of labour and the rise of automation has led, according to the former chief economist of the World Bank, “a crisis in the global labour market”. But Professor Kaushik Basu, in Australia to give a lecture at the Monash Business School, argues that the push by Donald Trump and political parties in Australia towards greater protectionism is precisely the wrong path to take.

Instead, governments need to focus more on distributing profits to workers.

North Dakota governor orders evacuation of Standing Rock protest site

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[Governor orders thousands of activists to leave the encampment, citing ‘harsh winter conditions’, but does not authorize police to carry out evacuation. See also: Standing Rock Supporters May Block Canadian Pipelines: Chief. *RON*]

Julia Carrie Wong and Sam Levin, The Guardian, 28 November 2016
North Dakota governor Jack Dalrymple ordered the immediate evacuation of the main encampment of activists opposing the Dakota Access pipeline, but a state official said he would not authorize law enforcement officials to carry out the order.

Trudeau cabinet approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway

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[They wear the expressions of people who have farted on a crowded elevator. They are rather unhappy puppets, because they know what they have unleashed. "Green Party Leader Elizabeth May said she would be 'willing to go to jail' to stop Trans Mountain's construction." Rona Ambrose: "Approval [of Trans Mountain] is just the beginning, but now [Trudeau] needs to use his political capital to see this project get built, and I don't think he has enough of it." *RON*]

By John Paul Tasker, CBC News, 29 November 2016

Related Stories
3 things to watch for after the Trans Mountain pipeline approvalFor Trudeau and Trans Mountain, it's all over but the shoutingKinder Morgan pipeline approval to set off legal battleFirst Nations, environmentalists vow 'long battle' on approved Kinder Morgan pipelineOnly a third of First Nations OK with Trans Mountain pipeline expansion

6 million Americans have stopped paying their car loans, and it's becoming a 'significant concern'

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[The same finance and bankster idiots who repeatedly scream "Deregulate!" repeatedly paint themselves into the same disaster-scenario corner. See also: Record number of car buyers 'upside down' on trade-ins.  *RON*]

Matt Turner, Business Insider, 30 November 2016


There is a lot of talk out there about the auto-loan market right now.
Hedge fund manager Jim Chanos has said the auto-lending market should "scare the heck out of everybody," while used-car dealerships and their auto lending practices have been given the John Oliver treatment on TV.