The DAILY DIGEST: INFORMATION and OPINION from ST. JOHN’S to VICTORIA.
Foreign influence in our elections?
Stephen Harper’s Conservatives winning the Ottawa name game
No life like it: balancing priorities in search for top soldier
Next defence chief may be a surprise to media
Military man: Leslie a good and logical choice for next defence chief
Who would want to be defence chief?
Quebec proves that not all is equal in Canada's equalization payment program
For Canada and China, our economic differences could prove mutually beneficial
Kitimat refinery would be a game-changer
Canada's resources can take many routes west
With little prospect of wielding power, will Liberal MPs want to lead?
Navy planners lay out case for replacement submarines in skeptical Ottawa
Quebec’s One-on-one debates are a start, but why stop there?
Jean Charest v. Pauline Marois: who will come out on top in tonight’s election debate?
Mulcair admits he's no Jack, but takes inspiration from Layton's style
Coderre to run for Liberal leader or Montreal mayor
Gray: Justin Trudeau Is Not The One
Feds plan purchase of 24 new coast guard choppers
Ottawa looking to hire collection agency to recover millions in unpaid fines
One in two worried about eco-terrorist threats: Poll
Bank of Canada apologizes for ‘Asian-looking’ woman debacle
Baird offers little further on Pussy Riot sentence, Syria aid question
Jack Layton movie an emotional affair for cast, late NDP leader's widow
A year after Jack Layton’s death, NDP rides high. But for how long?
Canadians cherish fond memories of Layton one year after death: poll
Corrections Canada to make budget cuts as prison population grows
A not-quite Midas touch: Harper heads to Arctic with mixed record
New Arctic park on agenda for Harper's northern tour
Nexen Shows No Confidence Yet In Harper Assent
Ontario Liberals recalling legislature to introduce bill to impose contract on teachers
Parties should stop ‘trying to kill each other’ in between elections: May
F-35 jet program funding unchanged despite promised review
Infrastructure high on agenda as municipal leaders gather in Ottawair annual convention.
Quebec committing slow-motion suicide
Quebec debate: In a corner, Charest hits back on sovereignty issue
Target in Quebec election debate: Prime Minister Harper
Ethics, identity dominate Quebec leaders' debate
Round 2 tonight in Quebec election debates, with recap of first head-to-head
Border agency closes PEI immigration probe
Government to release plans for Tunney's Pasture
GM extends pension, health cuts to salaried employees
Canadian salaries to jump 2.9% in 2013, workers in resource industries win: report
Canadians to spend 13 per cent more on back to school shopping: survey
'This is not an Enbridge animation' shows reality of Northern Gateway route
BC Liberal Bill Barisoff won't run in next election
Immigration suspects marriage a fraud
Kelowna mayor reads Pride Week declaration after refusing for more than a decade
Boy Mayor on a Roll
Memo to Enbridge: Special Effects Don't Erase Risks
How Much Is One Killer Airplane Worth?
Two Indie Giants Make a Divine Fit
Which Canadian Nation Is Yours?
Harper’s Methodical Campaign to Silence Democracy
Which Way Does Your Political Compass Swing?
Why the War on Musicians Isn't Just about Copyright
Cyber Crooks Licking Their Chops, Say Mounties
Norway vs. Canada: Where to Draw the Line with Big Oil
Journalism association's Montreal chapter votes to disband
DFO promises pipeline science, but budget "disembowelled": former officer
'Kitimat Clean' promises new refinery to serve Northern Gateway
Enbridge Northern Gateway: 'Are activists misleading the public?'
New Quebec party promises to ban asbestos exports
War on Terror threat to democracy in Canada: American Civil Liberties Union
Vancouver lights up with 'greenest fleet' boast
Only two per cent of Canadians don't believe in climate change: poll
BC Gov't Ducking Action Against Illegal Billing Clinics Say Advocates
'The Gloves Are Off': Residential School Day Students Launch Lawsuit
The London Olympicsâ€™ Toxic Legacy?
Report: No Criminal Prosecution of Wall St. and Who is the European, Romney or Obama?
Israel Debates the Cost of War
Is Full Employment Possible in the Era of Globalization?
From the Information Age to the Hybrid Age
Singapore's Message for Today's America
America, Enjoy the Downward Slide
The Danger of More Financial Concentration
Can Central Bankers Cope With the Crisis?
The Rising Tide of Environmental Refugees
William Rivers Pitt | Romney, Ryan and Rape: A Todd Akin Special Delivery
The Finnish Alternative: Reclaiming Public Education From Corporate Reform
Official Statement by WikiLeaks' Julian Assange From the Ecuadorian Embassy
Watch the Video and Read the Transcript
The Government Can Track You by Your Cell Phone Without a Warrant
Chris Hedges | The United States' Clandestine Armies Plunge Us Deeper Into Violence
What Wisconsin Journalists Want You to Know About Paul Ryan
Dean Baker | "Courage" in Washington Doesn't Have the Same Meaning
On the News With Thom Hartmann: Deepwater Drilling Reaches Historic Highs Despite Risks, and More
Watch the Video and Read the Transcript
Study: Raising the Minimum Wage Especially Benefits Women
Rebecca Solnit | Men Explain Things to Me: Facts Didn't Get in Their Way
Wimpish in America
AIPAC Wants War on Iran
On the Road to Ryan and Ruin
Palestinian Hunger Strikes: Why Still Invisible?
The Bold Choice
Review: ‘Social Humanism. A New Metaphysics’ by Brian Ellis
A Frankenation in Iraq
The Bold Choice
Does a barking dog not bite?
The Muslim states' mediocre Macca conference
The World Turned Upside Down
Republican's 'legitimate rape' gaffe fuels divide in US sexual politics
In Mexico's murder city, the war appears over
Red light on the Red Cross in Haiti?
Assange's embassy life is cramped but connected
Read more: Japan stands firm on China islands dispute
Read more: Myanmar abolishes direct press censorship law
Read more: New Zealand PM announces early Afghan exit
Libertarian Roots of the Tea Party
Would a Financial Transaction Tax Affect Financial Market Activity? Insights from Futures Markets
Economic Effects of Reduction in Defense Outlays
UN Investigator to US: End 'Conspiracy of Silence' on Drones http://www.commondreams.org/headline/2012/08/20
US: Settler Attacks on Palestinians are 'Terrorist Incidents' http://www.commondreams.org/headline/2012/08/20-1
Nuke Plants Dumping Millions of Gallons 100-Degree Water into Waterways http://www.commondreams.org/headline/2012/08/20-2
Guantanamo Detainees, Defense Lawyers Gagged in Military Tribunals http://www.commondreams.org/headline/2012/08/20-3
Striking South African Miners Refuse Company Deadline http://www.commondreams.org/headline/2012/08/20-0
The London Olympics’ Toxic Legacy http://www.commondreams.org/video/2012/08/20
Anyone a Militant in Pakistan? 'US Droning a Mockery of Human Rights' http://www.commondreams.org/video/2012/08/20-0
Facts. Huh! What Are They Good For? Absolutely Nothing http://www.commondreams.org/view/2012/08/20-0
Paul Ryan's Economy Isn't Working for His Constituent http://www.commondreams.org/view/2012/08/20-4
US Drone Strikes Target Rescuers in Pakistan – and the West Stays Silent http://www.commondreams.org/view/2012/08/20-6
With Romney-Ryan, GOP Becomes Grand Old Private-Equity Party http://www.commondreams.org/view/2012/08/20-2
The War in the Shadows http://www.commondreams.org/view/2012/08/20-1
Single-Sex Classes Rooted in Stereotypes Prevalent Across the Nation, http://www.commondreams.org/newswire/2012/08/20-1
To Bomb or not to Bomb http://www.informationclearinghouse.info/article32238.htm
Peace Would Be All Hell . http://www.informationclearinghouse.info/article32239.htm
Amerika's Future is Death http://www.informationclearinghouse.info/article32237.htm
France Falls Victim to Its Allegiance to the U.S http://www.informationclearinghouse.info/article32241.htm
Assange speech at Ecuador Embassy Video http://www.informationclearinghouse.info/article32230.htm
My Visit to a London Embassy Under Threat. http://www.informationclearinghouse.info/article32232.htm
Raping Wikileaks Sex, Lies and Julian Assange http://www.informationclearinghouse.info/article31976.htm
Pussy Riot, The Unfortunate Dupes of Amerikan Hegemony http://www.informationclearinghouse.info/article32236.htm
The New Totalitarianism of Surveillance Technology http://www.informationclearinghouse.info/article32234.htm
With Romney-Ryan, GOP Becomes Grand Old Private-Equity Party http://www.informationclearinghouse.info/article32233.htm
On the Road to Ryan and Ruin http://www.informationclearinghouse.info/article32240.htm
NATO kills at least 20 people in Afghanistan: http://is.gd/BgYXWZ
4 New Zealand occupation force troops killed following blast in Bamiyan province: http://is.gd/fBMTiN
Afghan Policeman Kills U.S. Service Member on Joint Patrol: http://is.gd/T4oy1w
U.S. occupation force soldier killed, "insider" escapes after latest attack in Afghanistan: http://is.gd/98q8F1
US 'should hand over footage of drone strikes or face UN inquiry': UN special rapporteur : http://is.gd/tcDX3Q
US kills ten people in pakistan: http://is.gd/bF3NQR
Pakistan: Six militants killed in Khyber Agency shelling: http://is.gd/OriWrq
14 killed in attack on Yemen intelligence : . http://is.gd/7BAB3x
Lethal Blasts Kill Two in Libya Capital: http://www.thefreshoutlook.com/?p=13092
Russia: Syrian opposition getting lots of Western arms: http://is.gd/Nyg5m4
British intelligence enabled Syrian insurgents to launch devastating attacks: http://is.gd/FyM9Wc
Germany helping Syria rebels with spy ship intel: http://is.gd/aNzabi
Russia's Lavrov: only U.N. should decide on force against Syria: http://is.gd/J8YAIS
UN Syria envoy rejects criticism on Assad resignation: http://is.gd/q7XRma
'Obama, Americans Would Support Israeli Attack on Iran: http://is.gd/KIT1dM
Republican Congressman Scolded After Drinking and Nudity in Israel: http://is.gd/lPM6na
Facebook removes Hezbollah sites: http://is.gd/DvpUJX
Poland Shedding Light on Secret CIA Prison: http://is.gd/8a6jmS
-Ecuador rallies Latin America in Assange battle with UK: http://is.gd/voOUB3
Army morale declines, survey shows: http://is.gd/hZHDIF
Miss China becomes Miss World 2012 Source
Researchers indentify massive galaxy with high star production rate Source
- China Horrified after man finds Baby Girl in Garbage Bin with her Throat Cut
- Hundreds of immigrant students caught with fraudulent visas in New Zealand
- China and USA oust Russia from Asia
- China, Chile to boost trade by 2015: Chinese premier
- Russia and China vow to protect Syria from becoming another Libya
U.S. Troops To Get New Headgear For “Homeland Security Operations” Source
- Voyager probe Reaches Outer Limits of the Solar System
- Milky Way has 50 billion planets estimates first cosmic census
- Rectangular galaxy discovered 70 million light years away
- Astronomers discover faintest distant galaxy
- Kepler space telescope records the number of superflares
Thousands of Chinese protest Japanese claim to disputed island Source
- Obama orders U.S. military to get ready in Korea standoff
- Computer games to be indistinguishable from reality
- Neo-Humanity: Trans-Humanism Will Merge Man With Machine
- US and Turkey to consider no-fly zones for Syria
- Carbon Agenda Sets Stage for Rolling Blackouts in California
HR groups call on ICC to investigate Rwandan president for war crimes Source
- Japanese women lose world longevity title to Hong Kong
- China Flexes Muscles With US As Biggest Creditor
- Anti-China rally held in Japan after video leak of collision
- China accused of invading disputed islands
- Asian nations more exposed to natural disaster risk
L'immigration · Un enjeu politique oublié dans cette campagne?
- Chief Prosecutor at The Hague: Gaddafi death ‘may be a war crime’
- ACTA error: Democracy not found
- Rwanda genocide court jails former ministers
- Libya rejects Gaddafi arrest warrant
- Cemetery of giant creatures found in Central Africa
Le thème de l'immigration a à peine été effleuré dans le débat public des élections provinciales. Agence QMI
19h41 -Réforme de la santé · Le Dr Barrette s'attend à des «résistances minimales»
Le Dr Gaétan Barrette a réitéré lundi sa promesse d'offrir un médecin de famille pour tous d'ici un an. Agence QMI
17h11 -Éclosion de légionellose à Québec · Trois décès en moins d'un mois
Trois personnes sont décédées depuis le 31 juillet après avoir contracté la légionellose dans la région de Québec. Agence QMI
13h24 -Guerre des tarifs d'Hydro-Québec · Le PQ promet le gel
Le PQ s'est engagé lundi à annuler la hausse des tarifs d'hydroélectricité prévue par les libéraux. Agence QMI
12h10 -Élections · Charest promet 1,2 milliard $ d'aide aux entreprises
Jean Charest promet aux entreprises 1,2 milliard $ sur cinq ans. Agence QMI
09h42 -Universités · Retour en classe?
Des milliers d'étudiants universitaires voteront aujourd'hui sur le prolongement de la grève. Agence QMI
06h40 -Québec 2012 · Les duels débutent lundi soir
Aux antipodes des débats classiques à plusieurs, les trois chefs des principales formations politiques vont s'affronter, en duels, au cours de trois soirées déterminantes diffusées sur TVA et sur LCN, à partir de lundi soir, 21 h. Agence QMI
04h27 -Éducation · Chroniques d'un exaspéré
Au Québec, un garçon sur trois et une fille sur quatre ne possèdent aucun diplôme à l'âge de 20 ans. Comment une société riche peut-elle tolérer des scores aussi pauvres ? C'est une des questions que souhaite poser un expert de l'éducation à nos politiciens. JDM
BELOW(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)30)30)(30)(30)(30)(30)The CWB ceased being a monopsony http://en.wikipedia.org/wiki/Monopsony on August 1st . Will there or will there not be economic benefits from this action by the government is being debated still. It is as well the subject of continuing court cases.
RIGHT or WRONG? FOR WHO?
This article supports the action "Why it was right to end wheat board monopoly" http://www.leaderpost.com/news/right+wheat+board+monopoly/7103344/story.html .
Robert Roehle e-mailed this letter responding to the article.
Read both, you'll be better informed concerning this divisive issue.
From: Robert Roehle
Subject: FW: letter to editor
Hi all, this letter was sent to the Leader Post Monday morning.
To the editor,
Herb Pindar (Why it was right to end wheat board monopoly Friday Aug. 17, provides a self-serving, trivial, and misleading response to the end of our single desk Wheat Board based on misinformation and half-truths. Mr. Pindar is part of the owner/investor class that was the real beneficiary when a Billion dollars of farmers’ equity in Sask. Wheat Pool was legally stolen from farmers and used to create Viterra (now Glencore). Of course Mr. Pindar sees value in separating farmers from their money. The end of the Wheat Board creates an even bigger transfer of wealth and influence away from farmers and towards grain trade owner/investors like Mr. Pindar.
The mistakes in Mr. Pindar’s column are too numerous to address, but first of all he makes the beginner’s mistake of characterizing the old Wheat Board as a single buyer of grain. The CWB was the seller of western grain– not the sole customer. This is a key difference.
Pindar also trots out that old chestnut of “property rights”. With the real CWB every farmer retained the beneficial ownership of their grain from the time it left the farm until it landed at the customer’s facility. At each step in that long value chain the CWB’s single desk made money which came back to the farmer. Without the single desk CWB that value chain now ends when they sell their grain to private companies and their brokers, who only operate for the profit of the likes of Mr. Pindar. Ritz’s Conservative Board will also have to pay a toll to these same private companies. For farmers who wanted to market their own grain the single desk CWB had a simple, and essentially free, Producer Direct Sales Program which many farmers including my family, used successfully. Farmers now have fewer rights to make money from the grain they selland no transparency into logistics or the actual value of the grain they sell (commodity exchanges do not mirror actual offshore grain transactions).
As a CWB Board member I saw the sales figures showing the CWB made extra money for farmers. A fact which fourteen International Trade Tribunals, the Auditor General of Canada, and the CWB’s Audited Statements all confirmed. Every peer-reviewed study done by economists that had access to the actual CWB sales figures concluded that the single desk selling advantages of the real CWB put hundreds of millions of extra dollars into farmers’ pockets every year. The latest study published by economists based in the U. S. showed an extra benefit of $105 Million per year just on barley sales alone. This is money now lost to farmers and western Canada.
Mr. Pindar worries about the overhead of the CWB being paid for by farmers. Who does he think pays for the overhead of the private grain companies, Santa Claus? The CWB could borrow money at government rates, and the spread between this rate and the commercial rate was enough to pay all of the overhead costs of the CWB every year. When this new Conservative Wheat Board is privatized or dissolved this benefit disappears completely and for the first time in 75 years farmers will have to pay in cash for the overheads of the private grain traders.
Yes, the CWB used accredited exporters, like Cargill and Viterra and others, to help make grain sales into other markets. But the CWB always had the final say on whether or not the sale should be made or at what price. This protected the interests and bottom lines of farmers as these companies could not undercut the market, or get involved in the kinds of oil, arms, and grain trading that have been associated with the founders of companies like Glencore.
Mr. Pindar’s line about Gerry Ritz taking the high road must come straight from the Conservative website. Is this the same Ritz who characterized supporters of orderly marketing as “the tin foil hat crowd” or told blatant un-truths about holding a farmer vote before he introduced changes to the Wheat Board? Or is he talking about the Ritz who seized control of a Wheat Board that was run by a democratically elected board of directors, and then had his appointees take over $200 million of farmers’ money to finance his fantasy? Or is he talking about a Prime Minister who is tough on crime except when he agrees with the criminals? Having a government that can pick and choose which laws to follow, or who is a guilty and who is not, means that we no longer need a judicial systemthis is not the “high road”.
It is a fundamental right under the Canadian Constitution that farmers have a right to work together to market their grain in an orderly fashion without a bunch of freeloaders taking advantage. Even the Prime Minister and Parliament must follow the rule of law, and that is something Mr. Ritz refused to do when he denied farmers their right to vote on changes to our Wheat Board.
Of course the worst thing about our farmer run single desk Wheat Board, from the owner/investor point of view, was that private companies were not free to play farmers off against each other so they could get cheaper grain. Many of them are already doing so behind the smoke screen blown by people like Mr. Pinderjust take a look at protein non-payments and other changes already in the private contracts.
Stewart Wells, farmer
From: Jean Pycock
Subject: Re: August 19, 2012 ". . . start looking at labels!" 015
Bravo!! Jean Pycock, Havelock, Quebec
From: Real Gagne <firstname.lastname@example.org>
Subject: Re: August 19, 2012 ". . . start looking at labels!" 030
I normally try to patronize Canadian companies whenever I can. I seldom
shop at Walmart and prefer Rona, Nelson Lumber, or Canadian Tire over
their American competition.
As for manufactured articles, I'm a pragmatist. Almost everything is now
made in China and I don't see that changing anytime soon in any case,
manufacturing is so diversified now that almost any finished product is
processed in more than one country, so I shop for the best deal I can.
Finding Canadian strawberries in February can be a little difficult.
From: Rene Moreau
Subject: Re: August 19, 2012 ". . . start looking at labels!" 030
From Rene Moreau (416-489-8347)
re; labeling and sources;
Nice one, Joe. Welcome back.
Got one for you. Some time back, Canadian Fishing company, or
Gold-Seal, (and, perhaps, No Name Brand, as they are also known,
caught B.C. salmon, but wanting to get around the moratorium on salmon
fishing, offloaded their catches to Alaska. Those fish came back to us
Canadians as product of Alaska or the U.S.A. and there was a lot of
it. The ploy also, apparently does an end run around Canadian
regulations, as does the shipping of Canadian Fish to China so that
they are labelled product of China.
Dan Cody of Fisheries Canada,
It seems Harper has legallized such scamming, with new labeling laws.
Neat trick, eh?
To make government appear untrust-worthy, corporate need only put
their own people in to government to scam the people. Then they can
say 'Corporate can rule the world, better'. Read 'When Corporations
Rule the World'.
Rene Moreau (416-489-8347)
From: "Glenn HAREWOOD"
To continue the debate on "buying Canadian":
The issue is more complicated than its face-simplicity suggests. A personal experience suffices:
Iâ€™m trying to produce an auto accessory trademarked the Saftey-B-U-M. It is a badly-needed Safety Back-Up Mirror. I have had quotations for production in Canada and quotations from Taiwan. To manufacture and produce the identical quality gadget in Canada would cost me some US$40.00 per unit at a minimum of 500 units. To produce the identical quantity and quality unit in Taiwan would cost me $US 15.00 (package and shipping etc. included).
Although I would like to have it produced here so that Canadians could be employed, where do you think I am going to have it manufactured?
From: "E E Hollingsworth"
Subject: Re: August 19, 2012 ". . . start looking at labels!" 013
Great item, I'm with you. Try finding frozen seafood that isn't from China. I've read horror stories about Chinese fish farms. Buy Canadian.!!!!.. the job you save could be a friend, neighbor or relative
From: Rebecca Gingrich <email@example.com>
To: Joe Hueglin <firstname.lastname@example.org>
Subject: RE: August 19, 2012 ". . . start looking at labels!" 030
Joe--welcome back--and you started with a bang!!!!! As seen in the articles below even the labels can be fake. I never buy canned foods. I buy locally as much as possible and freeze the food for later use. Sadly no matter what we do we are eating pesticides and herbicides so we can only try to be healthy. If our government won't even allow us to know which foods are GMOS why would anyone believe that the labels are any more accurate?
Product of Canada, eh?
It says 'Product of Canada' on the package, but the food is really from China. Or New Zealand. Or...
Canadian Food Inspection Agency
Composition, Quality, Quantity and Origin Claims
From: Henry Atkinson
Subject: Fwd: She Kicks Like a Mule!
Begin forwarded message:
Subject: Fwd: George Will: Despite dire predictions, humanity is facing 'Apocalypse Not'
Begin forwarded message:
From: Steve Campbell
Subject: A Cure Far Worse Than the Disease - Aerial Spraying of Toxic 'anti-West Nile Virus' Pesticides
A cure far worse than the disease
From: John Duddy
To: Prime Minister/Premier Ministre <email@example.com>
Cc: Joe Hueglin <firstname.lastname@example.org>
Dear Prime Minister, please read this article by Dr. Paul Craig Roberts, former Wall Street Journal editor and top economist in the Reagan cabinet.
Dr. Roberts is a true Conservative.
John Duddy. Calgary Centre.
Subject: MAD DOG AMERICA, by Paul Craig Roberts.
Subject: Amerika’s Future is Death ~ Paul Craig Roberts
From: "S Booiman"
August 20, 2012
No one knows if any politician ever pays attention to news reports,
Today was able to listen and view SUN TV Toronto talking about
equalization, the loudest, Quebec since 1957 getting a quarter of a trillion
dollars and still standing there with the hands out.
News many English speaking Canadians have been saying for years, while
talking to a brick wall.
From: Rebecca Gingrich
Subject: if this was caused by the US, israel was behind it
Pussy Riot were brutally deceived and used by the Washington-financed NGOs that have infiltrated Russia.
From: Robert Ede
Subject: NEXEN and other Crown Asset Sales - who's the bonehead responsible for selling off all the good stuff - so cheap?
To: macleans <email@example.com>
Cc: "elizabeth.may" <Elizabeth.May@parl.gc.ca>
Dear Ms Lunau & Editors,
Thank you for "Our Chinese oils sands. Nexen could just be the beginning ..." Wednesday, August 8, 2012
Our Great Red Hope (lots of Money) but ... no Change
Your article points out the 3 "interests" in these leased Crown-owned lands:
1) the interests of the Shareholders of the company that leases the land and operates the extraction business;
2) the interests of the Government-of-the-Day that (takes care of it's own electoral future and) is entrusted with day-to-day Operations of the Canadian Crown's Assets and Treasury;
3) the Canadian Crown's interest in "... being desirous that all Our loving Subjects, ... may avail themselves with all convenient Speed, of the great Benefits and Advantages which must accrue therefrom to their Commerce, Manufactures, and Navigation"
re: NEXEN Shareholders - As outlined in Ms Lunau's article the self-interest of Nexen shareholders receiving a 61% premium to the (languishing and troubled) stock price is not questioned by anyone. The fact that CNOOC is offering $15 Billion for Nexen's world wide assets plus buying their lease and existing operations at Long Lake, shows the company has value .... and as far as the Oil Sands assets, Nexen just doesn't have the capital to bring the expensive Long Lake development to fruition ... Nexen's stock was languishing and CNOOC had already purchased it's 35% partner in Long Lake from near-bankruptcy for $2.1 Billion
re: the STEWARDS - The self-interest of the Prime Minister-of-the-Day is also made clear - He wooed the Chinese central administrators (before and after the Keystone pipeline was put on temporary hold until Barry O'Syndicalist/ O'Corporatist/ O'Fabian "could be more flexible after my election").
- CNOOC already has a toehold in the oilsands, through the company's $2.1 billion deal to buy OPTI Canada out of creditor protection last year. OPTI owned the other third of the Long Lake oilsands project that Nexen didn't.
- That previous partnership with Nexen makes CNOOC the optimal buyer for the company, Sam La Bell of Toronto-based Veritas investment research says.
- "CNOOC is the natural buyer," he said. "We view this as full value for the deal." He too, suspects Ottawa will likely approve the takeover
- "Definitely the political rhetoric is going to get cranked up here. The political angle is hard to evaluate," he said, "It’s a great fit with CNOOC and their overseas assets.
I hope that good ol' "Firewall around Alberta" (9 lines from end on 2nd page) Steve pays some pan-Canadian attention to some of the criticisms of this mammoth investment by sovereign wealth funds (NB one with not-exactly unstated intentions of taking over the world) "s/be a two way street"; "we don't want my way or the highway operators" and even hesitations based on the reality that "Foreign acquisition pledges have a short (18-36 months) shelf life" before instructing his minions to sign-off on this Nexen deal - that he helped set up on the last couple of mission-trips to the "Great Red Hope (Money, but no Change)"
re: The Canadian CROWN - The self-interest of the Crown has no champion, no one demanding a reasonable return on investment from the land in question and other the thousands of billions of dollars worth of Canadian Crown "tangible assets".
(NB the vast majority of lands/non-financial assets of Canada are NOT accounted for on the Budget's "Non-Financial Assets Line" of their Balance Sheet- Table 6.8), nor anywhere in the Public Accounts, nor within the Annual Financial Report, nor valued in the Fiscal Reference Tables ... nope - nowhere ... no wonder no one is asking for a return on those Trillions of Dollars of assets .... they're on the books at "no value")
IMHO someone must defend the interest of All Canadians' in our Crown Assets and Treasury in this NEXEN deal and generally. There is a great need to fill the "power vacuum" created by the withdrawal/elimination of the Executive Power of our Constitution from "active duty" -as a check on the (otherwise) unlimited power of a 37%-mandated PM controlling (as little as) 50%+1 of the Lower House.
Despite the reluctance of Her Majesty's (4th paragraph) or Her 'local' Representative's (para 3) to directly or indirectly intervene in / be consulted about / give advice/ give encouragement/ give warning about the day-to-day "stewardship" of Canada, someone must step up to "Just Say No" to the (only merged in 1940) seemingly-unstoppable, Executive+Legislative (wholly anti-BNA) hybrid, command and control centre we call the PMO/PCO - on the Nexen deal, the Omnibus Bill, the 2 Prorogations, the 2008 Dissolution etc etc
I hear no person/Office/Department presenting the case for the silent majority - the Taxpaying-Resident-Citizens (TCR's) who pay the freight for boneheaded, short-term all-political decisions made with THEIR assets-in-trust. Collectively, we're like the blinding trusting "widows, orphans and little guys/gals" who left their/our savings in mutual funds as the stock market swooned (on several occasions recently), detachedly watching the value of their/our RRSP's dwindle, while continuing to pay the 1%-4% management fee to their sworn-to-know-your-client-beneficence advisor-who-never-phones.
For Perspective: Who owns the Canadian Crown Assets? Let's say as an illustration, that the Crown's assets in Canada are "owned" by the Monarch "in Trust" for the collective advantage of the taxpaying, resident citizens of Canada -we CAN say that ...even if it's not legal true ... only to ask the question .... should not the Assets of Canada BE "owned in trust for all Canadians" and operated/stewarded/husbanded on behalf of the TRC's?
Sadly by the official rule book of Canada -the BNA/Constitution of Canada, the Crown's assets ARE NOT held in trust for the taxpaying, resident citizens. Nope, the Crown "owns" these Trillions of $ of assets and neither the Monarch nor Her Vice Regal Representative pays any attention to the prudent/imprudent/ wasteful or shrewd administration of these assets by Her Majesty's Stewards/ Trustees/ Authorized Managers.
What can we do about it?
Forget amending the Constitution ... the real solution is simply an attitude thing - if the Assets of the Crown are not operated in/for/by the best interests of the TRC of Canada de jure, then lets make it that way de facto by simply declaring a "Deemed Disposition" of the Monarch's Canadian assets into the collective hand of our TRC's ... and then by simply suggestion to the Taxpaying, Resident Citizens that they smarten up before everything is sold-off or encumbered by debt - we must TELL the TRC's of Canada TO START ACTING AS PROPRIETORS ... it IS an attitude thing.
If we (the TRC's) own the country ... then why aren't we in the "consultation equation" or in the "decision-making loop" when something BIG happens?
No point complaining after the fact ... some things CANNOT BE REVERSED ONCE APPROVED
Again .... in your opinion, Who should be the owner of the Canadian Crown Assets?
For further undiscussed aspects
See Ownership Breakdown of Syncrude: their own webchart shows Nexen 7.23% as well as Sinopec owning 9.03%).
Monday, August 20, 2012
Daily Digest August 20, 2012 030
Posted by Seasoned Traveller at 7:54 PM