Monday, September 19, 2011

Daily Digest September 19, 2011


The DAILY DIGEST: INFORMATION and OPINION from ST. JOHN'S to VICTORIA.
ARCHIVED at http://cdndailydigest.blogspot.com/

OPINION AND INFORMATION

Back-to-work law looms in Air Canada dispute

The federal government has served notice it will introduce back-to-work legislation should there be a strike by
Air Canada's 6,800 flight attendants on Wednesday, Federal Minister of Labour Lisa Raitt said Monday. MORE...

Related _____CANADA
_____FOREIGN AFFAIRS


>>>>>>>>>>INFOS <<<<<<<<<<
LUNDI 19 SEPTEMBRE 2011
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What goes around . . .

Read through this article and you will see the result of an action made by Prime Minister Harper in a vain attempt to gain support.

There is, you will notice, ambiguity in what is being said.

The Québécoises are a cultural group, which, though centred in the Province of Quebec, has members resident in all parts of Canada..

Yet we have both the cultural group and the province, Quebec, being referred to as A NATION in the argument over allocation of numbers of seats in the House of Commons.

The Prime Minister could clarify the issue very quickly by saying the Québécoises were recognized as a nation, not the Province of Quebec which is inhabited by  French speaking Québécoises, English speaking-Anglophones and, as well, various other cultural groups termed Allophones.

Will he do so? Will he make it clear for once and all that the Province of Quebec is not a nation?

What would your be, win, place, show - or no?

        Joe
NDP not 'pandering' to Quebec over more Western seats, Mulcair says
Read more: http://www.canada.com/news/pandering+Quebec+over+more+Western+seats+Mulcair+says/5426571/story.html#ixzz1YSAXnqDF

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From: David Bell
Re
84% of Imported Food Failed Compliance Test
http://www.themarknews.com/news/?open=6779
Any suggestions as to what the actions could be?

Joe,

My view is that – based on this release – we have no idea whether this is a real or meaningless report.

"Non-compliant" nutritional claims could mean (usually does mean) nutritional claims that simply do not match Canadian standards protocols (these may be higher or lower but (usually) they are simply different. Such reports are usually and routinely created to simply add to "Agency presence" and value in the view of the public. This is advertising and comes out of an advertising budget assigned to the Agency.

German food and French food and Portuguese  food are almost certain to be "non-compliant" in the view of CFIA (they simply use different standards and compliance verification) but most of us will confidently eat in those countries and would regard the suggestion that the food is unsafe as ludicrous. CFIA regards farm-made cheese as "non-compliant"

This is not to say there are no real and serious problems.

Just that CFIA (or  other government standards) claims are not useful and (usually) self-referential and self-serving. Health Canada officially rejects the proposal for instance that their purpose is to somehow support the Canadian health care system and in 1997 reported that 93% of the medical technology used in Canada was "non-compliant" with Canadian standards.

???

David

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From: Rebecca Gingrich
Subject: Imported food failed compliance test     DD

Joe--I find it passing strange that the CFIA is complaining that imported foods are not labelled properly when Canada refuses to label GMO foods that are Canadian produced.  Canada has the habit of putting the label 'product of Canada' on a label when in fact it is imported and it may have just been packaged here.
My first move would be to kick CFIA out if this is the best they can do.  When was the last time they issued a recall because products were not accurately labelled?  I can't remember one instance other than for peanuts.  CFIA is always behind the fact, never in front.  Why are these products even allowed on store shelves if this is what is happening? 
The Canadian way is to institute more free trade and to hell with what is coming in.  Anyone that buys food has to be aware that CFIA is a useless organization that can spend money but not do their job.  We are on our own.
Becky

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To Joe;
From Rene Moreau (416-489-8347)
re;

84% of Imported Food Failed Compliance Test
http://www.themarknews.com/news/?open=6779

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   Why, pray tell, would anyone expect  regulation of our health and ingredients in food when Canadian fish, for instance, like Alaska Pollock, Sole, Ocean Perch, etc., are all of a sudden 'product of China. To check for answers, call Loblaws for the number of Seaquest, of California, who, supposedly imports the fish. They don't apparently, do answers, try it!
   One is reminded of when, some time ago, all cheap stuff came from Japan, but after a while people checked and there was a place in North America called Japan. Food for thought. So if fishing companies wanted to do an end run around the nuisance of  abiding by regulations, WHY NOT, send your product to 'China' to be sent back here. Since Lie Cheat and Steal are the new 'corporate governence' goal,  WHY NOT, INDEED
   Dan Cody of Fisheries Canada, as a further example, can be trusted to say nothing as Canadian salmon, gets offloaded to Alaska and comes back to us as 'Product of USA'!
   Neat, n'est-ce pas?

                                             Rene Moreau (416-489-8347)

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From: Rebecca Gingrich
Subject: Video: Harper praises efforts of Canadian troops in Libya [and two other videos ]

Video: Harper praises efforts of Canadian troops in Libya
http://www.theglobeandmail.com/news/video/video-harper-praises-efforts-of-canadian-troops-in-libya/article2150422/?from=2170769

----------------------------------------------------------------------------------

Make No Mistake: NATO committed War Crimes in Libya
http://www.youtube.com/watch?v=2d3KaCNs290

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Bloody NATO Massacre Kills 85 Civilians Incl. Children (August 8-9, 2011) near Zlitan/Majer, Libya
http://www.youtube.com/watch?v=C3Zt18n_Fwo

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From: Robert Ede
Subject: Armstrong: (s/be Titled) Socialism & the Difference between 'Circle" & 'Line' Thinking

Last night's Armstrong (att pdf) report very good too
- part 1 on "central gov't failures-to-fund" and Part 2 on Asian thinking vs Western thinking .... and implications
 
Link below also interesting from Bloomberg .
..... as in "May you live in 'interesting times'
 (was it a blessing or a curse?)





Bernanke Joins King Tolerating Inflation to Revice Economy

By Scott Lanman and Simon Kennedy - Sep 19, 2011 5:18 AM ET

Bloomberg.com
 
excerpts
 
"Policy makers such as Fed Chairman Ben S. Bernanke and Bank of England Governor Mervyn King may be challenging central-bank orthodoxy to replenish depleted toolkits and support recoveries at risk of sliding back into recession. Tolerating higher inflation may make long-term Treasuries less attractive while supporting stocks and commodity prices, said Jim Kochan, chief fixed-income strategist at Wells Fargo Advantage Funds.

"There's a hint of desperation here," said Kochan, who helps manage $216 billion in Menomonee Falls, Wisconsin. "They're clearly concerned that monetary policy to date hasn't really accomplished what they expected it to. So they ask themselves, why? And what could we do about it?"

If adopted, the strategy might be called "Generate Inflation Now," or GIN, Reinhart said, a reversal of the Ford Administration's "Whip Inflation Now," or WIN, program in the 1970s."





'Cutoff' Question

"Everybody knows high inflation is bad," said Reinhart, the Fed's director of monetary affairs from 2001 to 2007 who will become Morgan Stanley's chief U.S. economist in October. "Nobody is sure of where the cutoff is."

.....

Columbia University's Michael Woodford and Harvard University's Kenneth Rogoff are among proponents of faster price increases, which should result in lower interest rates adjusted for inflation. This might stimulate spending, along with a side- effect of helping pare record debt loads.

While computer simulations imply this strategy will work, it's untested in the real world, said Woodford, a professor who co-taught economics with Bernanke at Princeton University. There has been "nervousness" among central bankers about saying "you would allow inflation," he said. Now "there's at least more willingness to discuss the issue."
.....

According to Bloomberg calculations, the central bank would need to generate annual inflation of 3.3 percent in the two years through July 2013 to return to a hypothetical 2 percent path since July 2008, under the Commerce Department's personal- consumption-expenditures price index. This gauge rose 2.8 percent in July from a year ago.
...

Changing policy to tolerate higher inflation means lower bond prices in the long run and weaker developed-market currencies, including the dollar and pound, against emerging markets, said Stephen Jen, managing partner at SLJ Macro Partners LLP in London.
....

Crescenzi cautions that faster inflation may not produce the economic benefits proponents project, instead reducing the amount of goods and services households and businesses could buy. That would cut production -- and eventually incomes.

"It would turn a virtuous cycle into vicious," he said. "I see it as quite negative."
....

Richard Fisher, president of the Federal Reserve Bank of Dallas, told reporters Sept. 12 he couldn't imagine trying to explain the shift to unemployed workers and others "who don't want their income or meager savings eroded by price increases." He was one of three officials to dissent from the August decision to keep rates near zero through at least mid-2013.
 ...

Among developed countries, the European Central Bank has proved less tolerant of faster price increases -- a legacy of Germany's hatred of the inflation often blamed for weakening democracy in the 1920s and aiding Adolf Hitler's rise to power.

The Frankfurt-based central bank, which aims to keep inflation just below 2 percent, raised its benchmark rate twice this year, to 1.5 percent, even as the Greek-led debt crisis threatened expansion. With economies slowing, President Jean- Claude Trichet said Sept. 8 that price risks are "broadly balanced" in the medium term, despite inflation at 2.5 percent in August.

More central banks may make similar efforts to "explain away" the temporary nature of inflation as a reason to ignore it, said Jen, a former IMF economist. Policy makers "will put more emphasis on growth," he said.

TRANSLATION --- re: new world-wide, tolerance-4-inflation policy "do it .... but don't talk about it"
 

Robert Ede,

 
There is no shame in turning back when you find yourself on the wrong path - Rce 2006
 
"Be kind, for everyone you meet is fighting a great battle" - Philo of Alexandria
 
 


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