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Wednesday Night Salon #1325 27 June Page 2
Introduction
The Report
Climate change and national boundaries
The visible effects of environmental change are becoming more evident with the current heat and flooding in the U.K.
and Europe. Less obvious, perhaps is its potential effect, in
combination with geopolitical developments, on national boundaries,
particularly the state and national limits in international waterways,
involving jurisdiction and ownership of underwater mineral deposits. A
Russian expedition has set out to explore and claim the Arctic based on
the continental shelf, by planting a Russian flag on the seabed at the
North Pole, which could be detrimental to Canada’s claim. [Editor’s note: the expedition has already suffered a setback when a research ship broke down
within hours of leaving Murmansk] It is believed, however, that
Russia’s position is negotiable if Canada is sufficiently astute to
recognize its best course is defending its own position.
Crimes of aggression & the ICC
The relationship between victory and spoils has become a cliché and
while the enslavement of the citizens of the vanquished states is no
longer an option, the tendency to try and execute the leaders of the
losing side remains strong, with the winners defining the rules.
Although the United Nations Security Council is a useful tool limited
by the possibility of decisions being vetoed, the establishment of the
International Criminal Court, its purpose being to prosecute
individuals for war crimes, genocide, crimes against humanity and
aggression, is seen as a positive step.
Created in 1998, the International Criminal Court
came into being in 2002 to prosecute crimes against humanity, genocide,
war crimes and crimes of aggression. However, the definition of the
crime of aggression remains unresolved. Perhaps because of a not
unrealistic fear of reprisals against the actions of its own leaders,
the United States has not joined, although President Clinton had signed
it. The American people, nevertheless, appear to have pressured their
government into not using its Security Council veto to prevent the
Court’s investigation into the genocide in Darfur. It remains to be
seen, in light of the actions of Al Qu’aeda and the situation in
Pakistan, whether the law is the correct frame to look at the big
social geo-strategic problems? Can the Law attribute responsibility in
the correct way? Nonetheless, the criminalization of war has been a
persistent theme since the Treaty of Versailles and the prosecution of
the Kaiser.
Despite the appearance of relative calm, Rwanda
is a powder keg ready to explode. Peace appeared to have followed the
1994 genocide of an approximately one million people, but it seems that
when the rebel army of liberation overcame the Hutu militias, the
soldiers carried out widespread attacks against the civilian
population, which have never been prosecuted. Although there are
currently many laudatory reports regarding its stability, the reality
of the situation is that the Kagamé régime is an apartheid régime with
15% (Hutu) of the population controlling the other 85% (Tutsi), while
the violence has been temporarily exported to other African countries,
notably the DRC
The Stock Market
Yesterday saw a sharp drop in the stock market. There is bound to be a
reaction following a steep upward climb but the reality is that people
don’t have much choice as to where to place their money and so they
will continue to invest and the markets will continue to rise.
Opportunities are still to be found in the emerging markets, where
growth is about 2.5 times greater than in our markets, such as Brazil,
Korea, Thailand and Taiwan, not fully taken advantage of by investors.
Energy markets are much more defensive than they have been but are
still growing. It is predicted that the United States dollar will
continue to weaken. Wednesday Night Monetary Guru, Jacques Clément
predicts that by mid 2008, the Canadian dollar will be at a premium
against its U.S. counterpart.
China
Some Wednesday Nighters with experience of doing business in China see
it as living in a bubble, a treacherous place to do business, with very
little legal protection for foreign entrepreneurs for patent protection
or intellectual property rights. Western firms have generally not done
well there, but keep coming back for reasons of image, frequently
offering their products to the Chinese market at drastically reduced
prices. The recent health and safety issues regarding exports from
China to the West in a wide range of goods have raised concerns about
quality control across the board. In a classically Chinese solution to
the scare over fake medicines, China executed its former chief drug regulator,
which doesn’t solve the problem but is intended as a sign that the
government takes the question seriously. More appropriate action has
been taken by closing several firms at the heart of the food and drug scares.
Observers also note that in an effort to obtain bargaining chips, China
has seized upon a statement by the Director-General of WHO, Margaret
Chan, that the organization receives some 200 complaints about
food-safety issues each month, and has accused the U.S. of exporting flawed pork and poultry
Healthcare
With the exception of such diseases as asthma caused by the
deterioration of air quality, more people are living longer, many with
a better quality of life, due in large part to preventive measures,
diet and technology. Robotic surgery will play an increasing part in
the successful maintenance of life, especially as younger surgeons
acquire and improve the technology.
Security of Infrastructures
Since Hurricane Katrina, almost two years ago, although security
procedures have been updated, very little appears to have been done by
governments to secure the infrastructure, particularly in vulnerable
areas. Among other known problems, the levees in New Orleans were shown
to be incapable of handling a storm of that magnitude. The location of
the 911 system resulted in its being knocked out - couldn’t operate
under 8 feet of water, but was rapidly replaced and operational. In
other places, 911 systems have been installed without backup power. In
Québec, the current apparent negligence in maintaining our
infrastructure appears to have been a result of the universal appeal to
the public of funding more pleasing, readily visible projects.
Conrad Black
As Lord Black faces possible jail time ,
Wednesday Nighters debate and weigh the justice of that possible
penalty and whether it would be determined by the nature and importance
of the crime, arrogance, jealousy or making an example of an individual
who, although perhaps guilty, may have suffered greater consequences
than others before him for similar offenses. The outcome of the appeal
process is eagerly anticipated.
Thursday 25 Apr 2007 To day NYT Podcast | Menu
Radio
Like the report of Mark Twain's death, reports of the death of radio –at least FM – are greatly exaggerated.
Real estate
Canadian dollar is expected to decline against its U.S. counterpart.
The economy
See also JACQUES CLEMENT: Pages ON THE ECONOMY
Previous Videos
Notes by Herb Bercovitz OWN
Editor: Diana Thébaud Nicholson OWN
Radio, the long-lasting treasure
intro Wed1325 | Wed1325 slide show
Oil
Note
Wednesday-Night creates charts and follows stocks, including timely related financial news items, in which Wednesday Nighters are interested and in order to demonstrate a service that could eventually be developed and marketed. Wednesday Nighters are invited to participate and help to test the service.
see Wednesday-Night.com Flip charts
QUOTES of the EVENING from recent Wednesday Nights
2007
Past Quotes Best or All
W-N Links for #1325
2007 Notes for #1325
Chariots of Fire: ad for movie
Sunday 29 July 2007 VANCOUVER: YOGA TOGS FIRM HAS GOOD FIRST DAY AT TSX
Friday was the first day of trading in Lululemon Athletics Inc. stock which fared well. Shares for the firm that makes yoga clothing were trading at $29.47. The shares were offered at $18 for Lululemon's IPO which raised US$327.6 million. The company was founded in Vancouver in 1998 and has 59 stores and revenue for the financial year ending in January of $149 million. Lululemon hopes to open 25 Canadian stores this year and 35 in 2008 in both Canada and the U.S.
Thursday 26 July 2007 The International Monetary Fund predicts China will become the largest driver of world economic growth this year. Revised IMF figures released indicate that China's economy will expand by 11.2 per cent this year, 1.2 points above the IMF's World Economic Outlook published in April. In contrast, the IMF lowered its 2007 forecast for the United States, the world's biggest economy, to 2.0 per cent.
26 Jul 2007. Canadian Armed Forces and the Inuit Arctic Rangers on patrol near Pangnertung, protecting Canada's northlands. By Robert Galbraith
Rex Murphy's Point of View index
Menu to mitworld.mit.edu/ on-demand videos of significant public events at MIT. in RealPlayer
Ex Thomas L. Friedman. While you were Seeping The World IS Flat Video length is 1:15:04.
Stephen S. Poloz VP EDC Economics Weekly Commentary Exports to South America Booming - July 25, 2007
Canada's exports have been stuck in low gear for some time, and the strong dollar and U.S. slowdown point to more weakness ahead. But our exports to South America are booming.
It has only been seven years since much of South America was in the throes of financial crisis. For Argentina, which avoided devaluation back in 1999, only to succumb three years later, the recovery has been even more recent. Past issues | his WN page
Commentary podcast.
Wednesday-Night.com on Privacy
Canadian dollar vs euro | Dow 30 w-n chart | TSX
Fed Parties Stéphan Dion | Stevie Harper
Wed1325 25 July 2007 with Reg Weiser ...Some Wednesday Nighters with experience of doing business in China see it as living in a bubble, a treacherous place to do business, and
Noah Weisbord who talked on the Created in 1998, of the International Criminal Court to prosecute crimes against humanity, genocide, war crimes and crimes of aggression. However, the definition of the crime of aggression remains unresolved. and how Rwanda is a powder keg ready to explode imgs and Global Warming by Cleo Paskal soon come first mention here at her page Udo Stundner OWN, our Swiss Banker and Dr. Linda Leith see her page and Filmmaker John Curtin a winer for film on Life and Times on Terry Mosher Dangerous When Provoked also Germain Bourgeois
and Dr. Andre Pasternac OWN,
then also Claudia Viereck, and
Louise des Trois Maisons ,
Frank Kruzich mines & metals on camera and flickr with Jacques Clément OWN. -Report.
Notes by Herb Bercovitz and
see click for Wed1325Report | flickr | pan
1325 pan 16193x2336
NYT Podcast 20th weekend biz |
Fri 27 July |
26th |
Wednessday 25th | 24th |
23rd Mon |
21st |
Fri 20 | Menu
Jacques Clément Mkt Wed1319 video 9:35
dee
see also Wednesday-Night.com MedicalNotes
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