Friday, July 15, 2011

Daily Digest July 15, 2011



Canada to play banker for Libyan rebel group?

Canada Having Trouble Turning Libya's Assets Over to Rebels

Ottawa mulls diplomatic outpost – but still can't fund Libyan rebels

Canada's role in Libya its biggest military gambit in decades

The truth behind the U.S./NATO war on Libya




>>>>>>>>>>INFOS <<<<<<<<<<


Libya related questions:

In what manner is dropping 349 laser guided missiles (with 1 000 more on order) defending Canada?

Should the answer given be to fulfilling the responsibility of protecting civilians from their governments
then another question: how come for why it is not applied even handedly, against Libya and not Syria?

From: Larry Kazdan
To: Vancouver Sun LetED <>
Subject: Letter to Editor re: Jet fighter will defend Canada's interests at home and abroad,   Julian Fantino, Vancouver Sun July 14, 2011
Jet fighter will defend Canada's interests at home and abroad,   Julian Fantino, Vancouver Sun July 14, 2011

Julian Fantino cites Libya as a reason why the Canadian Armed Forces need proper equipment for unforeseen circumstances.  But unfolding before our eyes is the threat of starvation of millions in eastern Africa. Just how will single-seat, single-engine stealth aircraft armed with cannons, missiles and bombs give Canada the ability to deliver massive humanitarian aid?  Canada needs flexible response, but pouring $35 billion into an untendered contract for fighter bombers is unlikely to lead to anything other than a combat role for our military.

From: Peggy Merritt
Subject: Fwd: Fw: Whale Rescue

Feel good stuff Peggy

This is truly remarkable that's why I'm passing it on. 

From: Rebecca Gingrich
Subject: This Is What Passes  For Democracy In Greece… And America...One man who has never  been elected is essentially given control of the money supp ly....

What happened while the rich controllers were wining and dining is what goes on all around the world.  After watching the video I realized that nothing has changed--the military/industrial complex still controls the government and the country.

This Is What Passes For Democracy In Greece… And America
Subject: The new "Let them eat cake!"...unprecedented pillaging of the federal treasury....

I guess this is what you get when you 'pay to get the best person for the job'???  Where is the guillotine when you need it?

The new "Let them eat cake!"
10 shocking, illuminating moments that prove just how out of touch the powerful really are

From: Mahmood Elahi
To: "Kate Malloy" <>
Subject: Booming China's lesson for bankrupt America: Raise taxes to have more revenue

Ms Kate Malloy
Editor, The Hill Times, Ottawa
Booming China's lesson for bankrupt America: Raise taxes to have more revenue
Recently, I returned from a month-long visit to Shanghai, Beijing and other cities of China. It has been an extremely rewarding experience to see a vast country on the move. With Maglev (magnetically levitated) trains running at a breakneck speed of 430 kilometer per hour, Shanghai looks like a city of the future. China's super highways and expressways were filled with late model cars. China has already overtaken the United States as the world's biggest market for cars. While the United States and other Western nations slowly recover from the financial collpse brought about by subprime mortage crisis, China has been growing at a blistering rate of 10 per cent. As Financial Times columnist Martin Wolf noted: "The West's reputation for financial and economic competence is in tatters, while that of China has soared."
I was amazed at the efficiency of China's public transport system. I had the opportunty to travel from Beijing to Shanghai by newly introduced bullet trains travelling at the speed of 250 kilometres (now raised to 300 km) per hour. The train was a sleek and operated with surgical efficiency. Shangahi's ultramodern subway system is another wonder. With 11 lines and 266 stops, the Shanghai Metro tops the global rankings -- bigger than the New York Subway or the London Tube. Stations are spotless and well-lighted. The air-conditioning system is excellent. There are television screens both on the platform and in the trains. The Shanghai Metro will take you to every nook and corner of the city comfortably and cheaply -- the ticket price ranges from 6 to 9 yuan (little more than a dollar).
I also witnessed China's industrial might while visiting Shanghai's huge container port --- the world's largest. As far as eye can see, ships of all sizes were loading and unloading (mostly loading) containers. It was an intimidating demonstration of China's industrial clout. Recently, China has overtaken the United States as the world's greatest trading nation. It has displaced the U.S. as Japan's biggest trading partner and displaced Japan as Australia's biggest trading partner. And the United States is running a huge trade deficit of $340 billion vis-a-vis China. In fact, China is now bankrolling America's trillion-dollar budget deficit.
China is also on the way to bypass America as the center for research and development (R&D). While a bankrupt America is finding it difficult to provide financial resources needed for research, China is targeting a number of critical areas where it intends to be the world's best. Dr. Jing Naihe, director of Shanghai's Institute for Biochemistry and Cell Biology, said that "our top stem cell labs are among the worl's best" and "in 10 years we should be at the top." While the U.S. space program is winding down because of the financial crunch, China's space program is being expanded. China has already sent astronauts to space and is now gearing up for robotic and manned missions to moon and beyond. Top Chinese scientists working abroad are returning to China because it has now the resources to provide them with first class facilities. Once upon a time, America used to be a magnet for such talents.
China has also raised corporate taxes. As of Dec. 1, 2010, it began to charge foreign companies higher taxes to help finance local city maintenance, construction and schools. This means foreign companies will now have to pay equal taxes as their Chinese counterparts. Before, in urgent need for foreign investment, the government put into place an array of policies to attract foreign firms. Among them were hefty tax breaks for foreign investors. Now, as China has become an industrial superpower, there are stronger calls for equal treatment of foreign and domestic firms. Before, foreign firms were charged a much lower rate of 15 per cent, while domestic businesses paid 33 per cent. Now both will pay at the rate of 33 per cent.
Although tax rates are less appealing, foreign investors say that they would not reduce their investment in China. In fact, they would invest more in China, as they are confident they would profit from China's vast domestic market even at the cost of higher tax rates. "At any rate, we cannot resist the temptation of China, because it is such a strong economy with relatively cheaper labor costs and huge markets, while few other countries have such advantages," said Takeshi Uragami, general manager of Japan's Panasonic Corporation in China. Yang Wonjun, general manager of Qingdao New Century Tools Ltd, a South Korea-invested tool manufacturer in the eastern coastal city of Qingdao, agrees. Yang Womjun found China's improved public services were also an important reason for his company to invest in the country. The company will triple its investment in China in 2011, he said.
Takeshi Uragami said that in 2011, Panasonic plans to conduct part of its product design in China. "We hope foreign business could enjoy better public services. We also hope the Chinese government could keep the value of yuan stable. It is so important for us," he added.
Booming China shows that the United States, facing financial bankruptcy, can profitably raise taxes to reduce the budget deficit without undermining public services. China has also a lesson for Canada. Prime Minister Stephen Harper, who wants to cut corporate taxes, should realize Canada is also facing a budget deficit of $400 billion and it is not the time to cut taxes. It will worsen the budget deficit and even undermine public services. Canada should look to booming China and not to bankrupt U.S. for inspiration.