Showing posts from January 14, 2017

Today's Trumpery


Trudeau's 'phase out' oilsands comments spark outrage in Alberta

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[Words coming out of politicians' mouths don't seem to mean much nowadays, but I thought I would pass along this story. And, for that matter, there is this story: Low-Income Renters May Get A Financial Boost From Ottawa. *RON*]

By Kyle Muzyka, CBC News, 13 January 2017
Prime Minister Justin Trudeau sparked immediate anger among Alberta politicians on Friday by suggesting Canada should "phase out" the oilsands.

Speaking at a town hall in Peterborough, Ont., Trudeau was asked about his government's approval of pipelines and his commitment to the environment.

"You can't make a choice between what's good for the environment and what's good for the economy," Trudeau said. "We can't shut down the oilsands tomorrow. We need to phase them out. We need to manage the transition off of our dependence on fossil fuels.

Arizona Republicans move to ban social justice courses and events at schools

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[The Bill would prohibit courses and activities that promote ethnic studies and advocate ‘solidarity’ based on ethnicity, race, religion or gender. *RON*]
Sam Levin, The Guardian, 13 January 2017
Republican lawmakers in Arizona are pushing to prohibit school courses and events that promote ethnic studies and social justice, with legislation that critics say broadly targets academic freedom and students of color.

The newly introduced bill – which seeks to build on an existing GOP-backed law that banned a Mexican American studies class – marks the latest attack in academia on activism and research centered on marginalized groups. Some opponents said the proposal is part of a national trend, tied to the election of Donald Trump, of lawmakers working to suppress progressive organizations and protests.

Moody's $864m penalty for ratings in run-up to 2008 financial crisis

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[I was thinking this amount must be nothing to Moody's, but then I looked up their financial statements on Nasdaq -- this actually represents one-third of their net profits of approx. $2.5 billion. But for colluding in decisions that lead to the worst financial crisis since the Great Depression, this still don't seem too bad (i.e., still no one in jail).  *RON*]
Reuters, The Guardian, 14 January 2017
The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday.

Canadian Foreign-Aid Spending So Low It's A 'Potential Tragedy': Report

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["We’re Canadian. And we’re here to help," Justin Trudeau, speech to the United Nations’ General Assembly, September 2016. *RON*]

Zi-Ann Lum, Huffington Post, 13 January 2017
Canada is “worse than a laggard,” according to a new report calling the country “last among its global peers” when it comes to international aid spending.

Global Canada, a non-governmental organization, published its second annual report this week, highlighting the country’s commitment to international aid as close to an all-time low.

By 2050, there will be more plastic than fish in the world’s oceans, study says

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[This one's a year old now, but I came across it while reading a more recent piece about a beer brewery that makes six-pack rings out of pressed, edible left-overs from the brewing process. *RON*]

By Sarah Kaplan, Washington Post, 20 January 2016

There is a lot of plastic in the world’s oceans.