Thursday, September 22, 2011

Daily Digest September 22, 2011


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

OPINION AND INFORMATION

Clement's G8 emails raise opposition ire

A Tory cabinet minister already facing criticism over G8 Summit spending in his riding
is now facing another allegation – that he helped line up a job for a friend.
MORE...


LIVE: British PM Cameron addresses Parliament

Harper delivers stark message of restraint amid global uncertainty

_____CANADA


_____FOREIGN AFFAIRS
NATOs darling little "rebels"
(Libyan Armed Forces) LAF vs FUKUS (France-UK-US)


>>>>>>>>>>INFOS <<<<<<<<<<
JEUDI 22 SEPTEMBRE 2011
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Corporatocracy
http://en.wikipedia.org/wiki/Corporatocracy

What do I know? I only know that I know very little for certain, particularly now that the internet places so much at our disposal.

One thing I do know however is that the term Becky employed, Fascism, has too many connotations associated with it.

Looking for an alternative "corporatism" came to mind - it turns out it doesn't convey the meaning I thought it did.

Continuing to search for a word describing with some degree of precision the powers that have come to rest in corporations in both political and economic and, come to think of it, communication terms as well "Corporatocracy" seems to fit.

Make sense to you or am I off the wall on this?

        Joee

_____________________
From: Rebecca Gingrich
Subject: Monetary System In Ruin, Signals Of Systemic Collapse...The United States embrace of Fascism/Corporatocracy has killed the nation....

Monetary System In Ruin, Signals Of Systemic Collapse
Stock-Markets / Credit Crisis 2011 Sep 22, 2011 - 12:41 PM
...
Raids on foreign national accounts continue unabated. The funds in Egypt were taken ($60 billion) as London offered sanctuary, while Mubarek faces a bizarre court procedure for murder and theft. The funds in Libya were frozen ($90 billion) as the US, London, and Europe did confiscations through freeze, but give assurance that it will be returned when the stated 348 requirements are met, as in never. US & ANGLO BANKS SO DESPERATE FOR CASH THAT THEY TAKE IT FROM DESPOTS, AS NATIONS ARE DISRUPTED AND THE FIRE OF WAR IS LIT....
read full article at link http://www.marketoracle.co.uk/Article30577.html


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PM and G-20 leaders call for strong action at the Cannes Summit

September 22, 2011
Ottawa, Ontario

Prime Minister Stephen Harper and the leaders of Australia, Indonesia, Mexico, the Republic of Korea and the United Kingdom today sent an open letter to French President Nicolas Sarkozy, the current chair of the G-20, calling for strong action at the upcoming Cannes Summit (November 3-4, 2011) to help ensure global economic stability and growth.
In the letter, leaders recognized that the effects of the international financial crisis are still being felt around the world and that global economic activity has recently weakened, becoming more uneven and uncertain. Debt levels in the Eurozone are identified in the letter as a significant threat to the global economy.

"While Canada's economic fundamentals remain sound, the risks to the global economy remain serious," said Prime Minister Harper. "It is crucial for governments to work together in a coordinated effort to restore growth and confidence, and to create jobs. Both advanced and emerging economies have important roles to play."

Canada has a strong record of economic leadership on the world stage. As Chair of the G-20 at the Toronto Summit, Canada generated a consensus among leaders on credible and growth-friendly plans to deliver fiscal sustainability, and established firm targets to reduce national deficits by 50 percent by 2013 and reduce debt loads by 2016. Progress was also made on reforming the financial sector and strengthening international financial institutions, which remains an essential element in restoring global economic growth.

"At the height of the global financial crisis, the G-20 showed the international community that leaders could work together to deal with global instability," added the Prime Minister. "In Cannes, we must once again send a clear signal to the world that we are ready to take the strong actions necessary to maintain future growth and stability for all."

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Open letter to French President Nicolas Sarkozy

September 22, 2011
Ottawa, Ontario

President Sarkozy,
Three years after our first Leaders' meeting, reverberations of the global financial crisis are still being felt by citizens and governments around the world. For many advanced economies the path out of the deep and prolonged recession will be difficult. This will impact on growth in emerging markets, and there is more limited room for manoeuvre than in 2009.

We fully support your call yesterday that the priority of the G20 must be to "help the world find the path to growth". We will give our full backing to your Presidency in achieving this at the Cannes Summit in November. We need decisive action to support growth, confidence, and credibility.

We have not yet mastered the challenges of the crisis. Global imbalances are rising again. External risks to the stability of our banks and our economies are reaching pre-crisis levels. And volatile and high energy prices are hurting our citizens and acting as a drain on world growth.

At the same time, the confidence of citizens, businesses, and markets has been damaged due to the lack of visible political will: this in itself is holding back the recovery. Over the summer, the difficulties encountered in finding a durable solution to sovereign debt problems have further affected confidence.

The G20, representing 85% of the world economy, is our platform to address these challenges. Under your leadership in Cannes, we have the opportunity to commit to each other to take the actions we know are necessary. We must agree the hard policy decisions we should each take, validating our actions against strong objective analysis and recommendations from the relevant international institutions. And, within the Framework for strong, sustainable, and balanced growth agreed in Pittsburgh, we must each act on those decisions. Only when we work together can we restore strong growth and the confidence on which it depends.

The priorities are clear.

We must increase global demand without once again creating unsustainable global imbalances. Surplus countries need to increase their expansion of domestic demand, enshrining their policies in clear political commitments within the G20 including on structural reform, to keep markets open, increase exchange rate flexibility and refrain from competitive devaluation. Deficit countries need to find new sources of growth, including making clear commitments now to put in place specific structural reforms necessary. They need to restore competitiveness and improve the underlying performance of their economies.

Eurozone governments and institutions must act swiftly to resolve the Euro crisis and all European economies must confront the debt overhang to prevent contagion to the wider global economy. The July agreement to strengthen the Eurozone Financing Facility was an important first step. Euro countries now need to ratify this agreement as soon as possible, alongside implementing reforms to deal with excessive deficits, improving economic competitiveness, and acting now to strengthen banking systems. The Eurozone must look at all possible options to ensure long-term stability in the world's second largest international currency.

Countries with long-term debt problems must put in place and implement credible growth-friendly medium-term fiscal consolidation plans, differentiated according to each country's own national circumstances. The United States, as the world's largest economy, also has an important role to play in restoring confidence. The August bipartisan deal lays the foundations for a deficit reduction plan and President Obama's jobs plan will help provide a welcome impetus to growth in the short term. The US, along with other high deficit advanced economies, needs to overcome the remaining hurdles towards restoring medium-term fiscal sustainability.

The failure to date to conclude a global trade deal is robbing the world of a much-needed economic stimulus. It is also affecting public confidence in our ability to deliver what leaders have promised to do repeatedly. We should agree in Cannes a credible plan to take to the WTO ministerial in December as a basis for concluding the Doha Development Round. If we cannot agree this we should direct our Ministers to consider innovative approaches to deliver progress in a multilateral trade deal and strengthen the multilateral trading system. International trade can be the engine of global growth and development and we must keep it moving forwards.

In taking forwards all these actions, the G20 must also take a path toward all-embracing growth, supporting economic development that will help reduce global disparities.

The barriers to action are now political as much as economic. We must send a clear signal that we are ready to take the actions necessary to maintain growth and stability for all for the future. The G20 showed at the height of the global financial crisis that we could work together to deal with global instability - the Cannes Summit is an opportunity for leaders to prove this, arrest the slide in confidence, and strengthen the foundations for strong, sustainable, and balanced global growth for the future.

Prime Minister Gillard of Australia;
Prime Minister Harper of Canada;
President Yudhoyono of Indonesia;
President Calderon of Mexico;
President Lee of the Republic of Korea; and
Prime Minister Cameron of the United Kingdom

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