Showing posts from January 7, 2017

The Congressional Attack on Science

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["If the climate were a bank it would already have been saved." Hugo Chavez. Science and climate change in the corporate police state. "Without an amendment, FOIA laws and unilateral subpoenas will continue to arm what I see as an organized campaign for ignorance and obfuscation. More perversely, they erode incentives for tomorrow’s young minds to pursue politicized public research." *RON*]

By Ian Graber-Stiehl,, 5 January 2017
WHY YOU SHOULD CARE: Because science needs a dose of objectivity.

Ian Graber-Stiehl is an intelligence analyst turned journalist. When he’s not researching science, environmental policy and social politics, he’s a tithing member of the church of coffee.

Having done an all-nighter for surgery, Eugene Gu was groggily taken aback by the forceful knocking on his door at 10 a.m. “This is the police,” a voice said. Knowing he had done nothing wrong, the Vanderbilt researcher asked whether they had a…

China December forex reserves fall for sixth month, near $3 trillion level

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[Vancouver housing markets will stay overheated for as long as this remains true - rich Chinese continue to scramble to get money out of their country, and North American real estate is their number one pick for where to park it. *RON*]
Fang Cheng and Sue-Lin Wong, Reuters, 7 January 2017
China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3 trillion level (2.44 trillion pounds), as authorities stepped in to support the weakening yuan ahead of U.S. President-elect Donald Trump's inauguration.

China's reserves shrank by $41 billion in December, slightly less than feared but the sixth straight month of declines, data showed on Saturday, after a week in which Beijing moved aggressively to punish those betting against the currency and make it harder for money to get out of the country.

TELUS Co. Expected to Earn FY2017 Earnings of $3.06 Per Share

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[It turns out that providing zero customer service or support is a great business model for telecomm oligopolists. *RON*]

Jared Coughlin, Com-Unik, 6 January 2017

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins decreased their FY2017 earnings per share estimates for shares of TELUS in a report released on Tuesday. Desjardins analyst M. Yaghi now forecasts that the brokerage will post earnings of $3.06 per share for the year, down from their previous forecast of $3.17.

Court Review of Clark’s Conflict of Interest Rulings Delayed

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[BC ELECTION 2017! Clark had her flunky tell the judge to schedule 90 minutes to hear a full day of material. Naturally it had to be rescheduled until after the election! Someone needs to add up the cost of the legal bills taxpayers have paid to allow Clark to trample over the rights of taxpayers. For background, read about how, to clear her, conflict commissioner 'didn’t even investigate,' argues Democracy Watch. *RON*]

Andrew MacLeod, The Tyee, 5 Jan 2017
A court action seeking a judicial review of decisions that last year cleared British Columbia Premier Christy Clark following conflict of interest complaints has been delayed until at least Friday, January 13.

Democracy Watch co-founder Duff Conacher said the Supreme Court of British Columbia had 90 minutes scheduled Thursday — at the request of B.C.’s conflict of interest commissioner Paul Fraser, who made the decisions clearing Clark — to hear arguments about whether or not the case s…

The end of austerity? Not for the most needy

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[While the UK government talks about 'the end of austerity, unemployment benefits are cut, and child poverty and homelessness are likely to increase as housing supplements are cut. *RON*]

Alice Forbess & Deborah James, London School of Economics, 5 January 2017

The Chancellor’s 2016 Autumn Statement spoke of the ‘end of austerity’. It also announced the government’s aim to do more for those who are ‘just about managing’. Amidst all this, one might easily miss the crucial fact that austerity has just dramatically intensified for one particularly vulnerable group of people.

Just before announcing that he was bringing austerity to an end, Chancellor Phillip Hammond introduced a substantial reduction to the benefits cap – of £25,000 per year – that the Coalition government had imposed in 2010. The benefits available to workless households – over half of which are single parent families led by women – will now be reduced to £23,000 for those liv…

In the US earnings mobility is falling and income inequality is rising

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["...only half of Americans born in the 1980s are financially better off than their parents were at the same age... nearly four in 10 Americans aged between 18 and 34 are living at home with their parents, the highest proportion in 75 years... the so-called old industrial rust belt states where Trump unexpectedly beat Hillary Clinton were among the worst hit by plunging financial mobility." *RON*]
John Kehoe, Australian Financial Review, 6 January 2017

Donald Trump won the US election promising to "Make America Great Again". Yet for many younger people the great American Dream is vanishing.

Shocking new economic research reveals that only half of Americans born in the 1980s are financially better off than their parents were at the same age.