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Welcome to Wednesday Night #1326 1 Aug, 2007
PLEASE LET US KNOW IF YOU CAN BE WITH US - IT MAKES THE CHAIRMAN'S JOB EASIER
the account of the Wednesday Night #1325 .
1 August 2007
The Invitation
It is indeed the Dog Days of Summer
and we feel appropriately listless (despite Peter Trent’s avowal that
we are never list-less), not sure at all what topics are timely, or
whether they will be a day or two hence. It is extraordinary that
despite these sentiments of disconnectedness, the recent Wednesday Nights
have produced fascinating, thought-provoking discussions on a range of
important topics like environmental change & security, Arctic
sovereignty, China, the International Criminal Court and, yes, the
stock market and world economy, all proving that we may be listless,
but our Wednesday Nighters certainly are not. There has been the added
pleasure of some returnees to the fold (Cleo, Kimon, Marion Canute,
Noah Weisbord and Reg Weiser) to diminish our sense of loss with the
departure of Anne Sophie Coleman.
So, it is incumbent upon us to overcome our lassitude and offer a
few tidbits for your consideration, in the hope that they will pique
your interest and prompt you to join us in the flesh, or in spirit.
— Furthering our discussion of Arctic sovereignty, the Christian Science Monitor
sounds the alarm: “As icecaps melt, Russia races for Arctic’s
resources. This week, it stakes territory in an internationally
administered area said to contain vast oil and gas reserves.” The
article goes on to note that “Canada, which has the second-longest
Arctic coastline, is currently conducting a $70 million project to map
the seabed on its side of the Lomonosov Ridge, in what experts suggest
is a prelude to making its own submission to the UN.”
— On the subject of Iraq,
a topic we have more-or-less given up on because there seems little
more to say and none of it good, we call to your attention an
incredibly positive piece in, of all places, the New York Times. In an article
headed “A war we just might win”, Michael O’Hanlon and Kenneth Pollack
put forward the startling notion that “We are finally getting somewhere
in Iraq, at least in military terms. As two analysts who have harshly
criticized the Bush administration’s miserable handling of Iraq, we
were surprised by the gains we saw and the potential to produce not
necessarily “victory” but a sustainable stability that both we and the
Iraqis could live with.”
For another view and market commentary, we attach for
your reading pleasure the Laurel Comment, an often worthwhile blog to
which John Budden introduced us.
— We are somewhat bemused by the announcement that Condoleezza Rice and Defense Secretary Robert Gates are touring the Middle East
promising weapons for allies, saying this would help counter Al Qaeda,
Hezbollah, Syria and Iran. It does seem to us that the more weapons
proliferation, the less likely there is to be general peace in the
region.
— It is odd that given Wednesday Nighters’ devotion to news in all its forms, we have not discussed in any depth the takeover of the Wall Street Journal
by News Corporation. Of course the deal is for Dow Jones & Co. -
not simply the WSJ, but the focus of media pundits is on that unique
publication. Now the deal is done and the informed opinionators will accelerate their analyses of what Murdoch’s strategy will be.
— While the floods in the UK and the appalling heatwave in Europe has grabbed most of our headlines, China is undergoing calamitous floods with far less fanfare, millions of acres of crops have been destroyed affecting 119 million people.
— In another segue to a previous discussion , ex-Khmer Rouge prison chief Kang Kek Ieu, also known as Duch, has been charged with crimes against humanity by the Extraordinary Chambers in the Courts of Cambodia, a UN-backed tribunal.
Now we have found our rhythm there is actually a lot more that we
would be happy to write about including encouraging noises of
conciliation between Armenia andTurkey, the withdrawal
after 38 years of the British Army from Northern Ireland , the possible
final meltdown of Robert Muagbe’s regime, the UN Security Council
agreement to send 26,000 more troops and police to Darfur - where will they get them? - however, better that we leave room on the agenda for your suggestions.
In the meantime, we cannot overlook some important local items:
Greenpeace calling the Québec government
on the relaxation of environmental regulations for farmers which is a
major contributing factor to the outbreak of blue-green algae and the
closing of our lakes. We look forward to hearing what Environment
Minister Line Beauchamp has to say in response.
The winding down of Pierre Marc Johnson’s enquiry with finger-pointing galore
Yet another delay announced
for construction of the Montreal Children’s Hospital after the Quebec
goverment decided to have it built as part of a public-private
partnership.
The acquittal of John Felderhof of
insider trading charges after selling $84-million of Bre-X Minerals
Ltd. shares in 1996, before the world learned there was virtually no
gold at Bre-X’s Busang site in Indonesia.
Finally, who could ignore Saturday’s announcement of the engagement of Peter Phillips to Autumn Kelly - you DO know who they are? She’s from the City of Pointe-Claire. Poor Mayor Tremblay must be gnashing his teeth.
Editor
We look forward to your company.
Diana & David Nicholson
dtnicholson@wednesdaynight.net
Tel: +1 (514) 934-0023
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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
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