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Welcome to Wednesday Night #1342 Nov 21, 2007
PLEASE LET US KNOW IF YOU CAN BE WITH US - IT MAKES THE CHAIRMAN'S JOB EASIER
the account of the Wednesday Night #1341
21 November 2007
There are the obvious topics that have dominated the news over the last few days:
The OPEC Summit and what may or may not have been resolved in that wonderfully inclusive forum where the presidents of Iran and Venezuela railed against the U.S. and then everyone came together for a (relatively) warm and fuzzy final declaration that embraced the concepts of stability in global energy supplies, competitive prices and investment in clean energy technologies. We have prepared a brief round-up for your reading pleasure.
The final pre-Bali meeting at Valencia where the synthesis report of the IPCC was debated and released. No rantings of Venezuela or Iran there, but some reports indicate that the U.S. was fighting wording through every phrase. We know you will be delighted to hear that our federal Minister of Environment stated that he and the Prime Minister “understand that climate change is a global problem, requiring global solutions” going on to say that “Canada has been a leader in bringing the world together at the G8, at APEC and at the United Nations, and we will continue that work in Bali.” What a refreshing change from earlier days of the New Government of Canada. Now that they seem to have dropped the new , the Minister can say with a straight face “The science is clear and Canada, like the rest of the world needs to take immediate action on climate change [and] That is why we announced our Turning the Corner plan, which sets tough and achievable mandatory targets for all major industrial sectors which will cut greenhouse gas emissions by 20% by 2020 and by 60-70% by 2050.” background news stories on the report.
Oh yes, the Mulroney-Schreiber affair. What more is there to say at this stage after last Wednesday’s debate? What a pair of ruffians to be facing off! We do not envy David Johnston his job and we worry that the RCMP is no longer the shining Force in which we would have had the utmost confidence to probe allegations concerning the $300,000 — who paid whom when, where and for what??? Not too reassuring to read that “Brian Mulroney admits that accepting $300,000 in cash payments from German-Canadian businessman Karlheinz Schreiber was the “silliest thing” he has ever done” — ’silly’ might not be the first adjective that comes to our minds.
We suppose (sigh!) that we must give at least a nod to the fact that the Reasonable Accommodation circus (aka Bouchard-Taylor) will be holding hearings in the Côte des Neiges area this Tuesday evening. We view with a certain amount of dismay the news that four more hearings will be held at the Palais des Congrès between Nov 27 and December 13 — Over 1000 individuals have registered for the forums and registration is now closed for presentations, but you may still attend.
Good news for those without a family physician? Quebec signs deal with family doctors Concerned that nearly one in three Quebecers doesn’t have a family doctor, the provincial government has signed an agreement with the province’s general practitioners offering them financial incentives to see more patients. Don’t get your hopes up too high — this will take quite a while for the impact to be felt.
The Montreal political scene seems to be heating up with the debate over the future of the Ville-Marie borough. Nice try by Mayor Tremblay at the Bill 22 hearings, but Benoit Labonté make sense when he suggests that “I cannot imagine that the government of Quebec will accept to create, de facto, two categories of citizens in Montreal - those who have the right to elect their borough mayors and those who don’t have those rights.” Aren’t we glad we don’t live downtown.
As some of you will have heard by now, Robert Galbraith is completing his tour in Afghanistan this week. His reporting has been brilliant and kudos to The Suburban - and Beryl Wajsman - for giving him some terrific exposure.The cover of the current edition is one of Robert’s photographs.Be sure to pick up a copy and read the harrowing account of his travels with a convoy en route to Kandahar
We also want to call to your attention the CBC documentary BEYOND THE RED WALL: THE PERSECUTION OF FALUN GONG that was not shown as scheduled after protests from the Chinese Embassy will be aired on Tuesday November 20 at 10pm ET/PT on CBC Newsworld.The documentary focuses on the story of Canadian Falun Gong member Kunlun Zhang, an artist and professor at McGill University, who was arrested and sentenced to nearly three years in a Chinese labour camp.
Market mavens, economists and other adherents of the dismal science will no doubt love the dreary market news, while the loonie’s downward slide should make our exporters happ(ier). We note that Jean Charest is still calling for a meeting of first ministers to talk about the economy.
Global stocks have slumped amid fears over the fallout of the credit crisis, after Goldman Sachs downgraded Citibank and forecast $15bn (£7.3bn) in losses.
UK bank HSBC has said its bad debts from the US sub-prime lending crisis were $3.4bn in the third quarter and more
This could have all been foretold according to the New York Times editorial board - read and weep:
Nov. 20 (Bloomberg) — Asian stocks fell, led by banks and commodities companies, amid concern U.S. mortgage losses will spread and expansion in China will cool, crimping global growth and reducing demand for metals.
Editor
Reader Comments
Is this good business or greed or simply obscene? David Mitchell OWN
Nov. 19 (Bloomberg) — Shareholders in the securities industry are having their worst year since 2002, losing $74 billion of their equity. That won’t prevent Wall Street from paying record bonuses, totaling almost $38 billion.
That money, split among about 186,000 workers at Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos., equates to an average of $201,500 per person, according to data compiled by Bloomberg.…
21 Nov 2007
Accommodation road show rolls into Montreal
Loudly picketed by activists demanding jobs for immigrants, the Bouchard-Taylor commission went ahead with its first Montreal open-mike night yesterday in a highly symbolic place.
The site was a new multi-ethnic library in the Côte des Neiges-Notre Dame de Grâce borough, where nearly half of all residents are foreign-born and where Jews, Muslims, Hindus and others outnumber Roman Catholics.
But the subject on the lips of many of the 200 participants at the raucous, two-hour meeting wasn’t reasonable accommodations for religions. It was the bread-and-butter issue of language and employment.
We look forward to your company.
Diana & David Nicholson
dtnicholson@wednesdaynight.net
Tel: +1 (514) 934-0023
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