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Map and directions to 33 Avenue Rosemount, Westmount, QC, Canada

Welcome to Wednesday Night #1351 23 Jan 2008


Wednesday Night #1351


23 January 2008
We are delighted that at the suggestion of Consul General Mary Marshall, U.S. Ambassador David Wilkins will be joining us for (part of) this Wednesday Night’s Salon. Ambassador Wilkins’ visit is particularly timely given that the Republican Primary was held in his native South Carolina on Saturday, however, we understand that he would prefer not to discuss the current election campaign, and is much more interested in talking about his Christmas visit to the U.S. and Canadian troops in Afghanistan, at the invitation of the Honourable Peter MacKay.

Ambassador Wilkins was named to his post by President Bush in 2005 and at the time of his confirmation hearings stated that security and trade issues - like softwood lumber and beef - were among his priorities. Although there was a change in government soon after his arrival in Ottawa, resulting in somewhat more sympathetic interlocutors, he has had to address a number of contentious issues including those related to intellectual property protection, the SPP meeting of last August, Arctic sovereignty, the ongoing problems of security versus facilitation of cross-border traffic and the consequences of the weakening U.S. economy.

The Ambassador has travelled extensively throughout Canada and has reached out to Canadians in person and through the Embassy Website (a great improvement over the previous site).

Other topics sure to be discussed:

The catastrophic events in the global markets and President Bush’s economic stimulation package

The just-released Report of the Independent Panel led by John Manley on Canada’s future role in Afghanistan [NDP Leader Jack Layton reacted negatively to the recommendations, as did BQ leader Gilles Duceppe; Stéphane Dion is reserving judgment]

The defiant move by Homeland Security head, Michael Chertoff to change ID requirements for all crossing the Canada-U.S. border as of January 31

Our nuclear proponents will also be interested in the recent statement on nuclear energy by Energy Secretary Bodman at the World Future Energy Summit.

A few questions have come in for the Ambassador and we welcome more:

1. As the Ambassador is from a coastal state, I’d also be very interested to hear his thoughts on the viability of the National Flood Insurance program — which to my mind is a guaranteed way of putting people and infrastructure in harm’s way.

2. What he thinks the prospects are, realistically, for a deeper NAFTA

3. What would he suggest Canada does to improve the management of common North American problems.

Pertinent Links

David Wilkins: America’s next ambassador to Canada

CBC News Online | June 22, 2005

Number Crunching

Tuesday March 20, 2007

Earlier this month, U.S. Ambassador David Wilkins stepped up the pressure on Canada on copyright. The speech that launched a round of media coverage has now been posted by the U.S. Embassy:

” … we are requesting a stronger copyright bill be introduced and be passed. We are joined by the U.S. and Canadian motion picture and sound recording and computer software industries. Right now the copyright laws or the intellectual property right protection in Canada is considered the weakest of the G-7 countries. So we are asking that be strengthened. And it really does cost the Canadian economy a huge amount every year. It is estimated to be from some $10 to $30 billion per year.”

Leaving aside the rhetoric, what is particularly remarkable about these comments is the claim that Canadian copyright law is costing the economy between $10 to $30 billion per year. Obviously any estimate that varies by up to $20 billion is not particularly credible. Further, even the low end figure looks ridiculous as it is four times the losses claimed by the MPAA in China and is more than three times the total amount of cultural goods that Canada imports from the U.S. every year. Or considered another way, the $10 billion figure is more than the Finance Minister committed yesterday to new health care initiatives, the environment, education, and special services for armed forces veterans combined. And that is the low end - the $30 billion figure represents nearly 13 percent of total government revenues and nearly equals the total amount of provincial transfers and subsidies. All of this from “a lot of counterfeiting of movies and songs and whatnot?”

Wilkins encourages Canada to stay in Afghanistan beyond 2009

Dec 29, 2007
COLUMBIA, S.C. - The U.S. ambassador to Canada says he’s unsure how the death of Pakistani opposition leader Benazir Bhutto will affect Canada’s upcoming parliamentary vote on troops in Afghanistan.

Ambassador David Wilkins says: “It remains to be seen” if the crisis in Pakistan will affect how Canadian legislators vote.

As ambassador, he is encouraging Canadian officials to extend the country’s military operations in Afghanistan beyond its current commitment that ends in February 2009. The ambassador left Afghanistan on Wednesday after a three-day visit with Canadian and American troops, at the invitation of Defence Minister Peter MacKay.

Wilkins praises Canada’s role in Afghanistan

OTTAWA: With U.S. appeals to NATO allies to step up their military roles in Afghanistan largely unheeded, Canada’s parliament faces a crucial vote this winter on what form, if any, that nation’s participation will take next year.

At his Greenville home for the New Year holiday following a trip to Afghanistan over Christmas, U.S. ambassador to Canada David Wilkins told The Greenville News that any vote on the “contentious” issue would be close.

Editor

the account of the Wednesday Night #1350.

Wed Oct 19, 1987 nyt STOCKS PLUNGE 508 POINTS, A DROP OF 22.6%; 604 MILLION VOLUME NEARLY DOUBLES RECORD; MORE ABOUT THE MARKETS
Frenzied Trading Raises Fears of Recession -- Tape 2 Hours Late

Diana & David Nicholson
dtnicholson@wednesdaynight.net
Tel: +1 (514) 934-0023

Monday Jan 21, 2008 Norwegian PM alarmed after Antarctic visit
Alarm bells are ringing about risks of a quickening thaw of Antarctica that would drive up world sea...

Monday Jan 21, 2008 The economy will become the central issue in U.S. and Canada
With the United States economy on the tipping point of a recession, the economy is emerging as a major issue in a presidential election year. A severe downturn in our major export market, aggravated by the high-flying loonie, also brings the economy into play in what could be an election year in Canada.

----- 2007 To day NYT Podcast | Menu


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See w-n file on Amb David Wilkins

Wednesday Night #1351


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23 January 2008
We are delighted that at the suggestion of Consul General Mary Marshall, U.S. Ambassador David Wilkins will be joining us for (part of) this Wednesday Night’s Salon. Ambassador Wilkins’ visit is particularly timely given that the Republican Primary was held in his native South Carolina on Saturday, however, we understand that he would prefer not to discuss the current election campaign, and is much more interested in talking about his Christmas visit to the U.S. and Canadian troops in Afghanistan, at the invitation of the Honourable Peter MacKay.

Ambassador Wilkins was named to his post by President Bush in 2005 and at the time of his confirmation hearings stated that security and trade issues - like softwood lumber and beef - were among his priorities. Although there was a change in government soon after his arrival in Ottawa, resulting in somewhat more sympathetic interlocutors, he has had to address a number of contentious issues including those related to intellectual property protection, the SPP meeting of last August, Arctic sovereignty, the ongoing problems of security versus facilitation of cross-border traffic and the consequences of the weakening U.S. economy. So there will certainly be no lack of topics during the evening.

Ambassador Wilkins has travelled extensively throughout Canada and has reached out to Canadians in person and through the Embassy Website (a great improvement over the previous site).

Other topics sure to be discussed:
The catastrophic events in the global markets and President Bush’s economic stimulation package
The just-released Report of the Independent Panel led by John Manley on Canada’s future role in Afghanistan [NDP Leader Jack Layton reacted negatively to the recommendations, as did BQ leader Gilles Duceppe; Stéphane Dion is reserving judgment]
The defiant move by Homeland Security head, Michael Chertoff to change ID requirements for all crossing the Canada-U.S. border as of January 31
Our nuclear proponents will also be interested in the recent statement on nuclear energy by Energy Secretary Bodman at the World Future Energy Summit.

Pertinent Links
David Wilkins: America’s next ambassador to Canada
CBC News Online | June 22, 2005
CBC

Number Crunching
T
uesday March 20, 2007
Earlier this month, U.S. Ambassador David Wilkins stepped up the pressure on Canada on copyright.  The speech  that launched a round of media coverage has now been posted by the U.S. Embassy:
” … we are requesting a stronger copyright bill be introduced and be passed. We are joined by the U.S. and Canadian motion picture and sound recording and computer software industries. Right now the copyright laws or the intellectual property right protection in Canada is considered the weakest of the G-7 countries. So we are asking that be strengthened. And it really does cost the Canadian economy a huge amount every year. It is estimated to be from some $10 to $30 billion per year.”
Leaving aside the rhetoric, what is particularly remarkable about these comments is the claim that Canadian copyright law is costing the economy between $10 to $30 billion per year.  Obviously any estimate that varies by up to $20 billion is not particularly credible.  Further, even the low end figure looks ridiculous as it is four times the losses claimed by the MPAA in China  and is more than three times the total amount of cultural goods that Canada imports from the U.S. every year.  Or considered another way, the $10 billion figure is more than the Finance Minister committed yesterday to new health care initiatives, the environment, education, and special services for armed forces veterans combined.  And that is the low end - the $30 billion figure represents nearly 13 percent of total government revenues and nearly equals the total amount of provincial transfers and subsidies.  All of this from “a lot of counterfeiting of movies and songs and whatnot?”
Wilkins encourages Canada to stay in Afghanistan beyond 2009
Dec 29, 2007
COLUMBIA, S.C. - The U.S. ambassador to Canada says he’s unsure how the death of Pakistani opposition leader Benazir Bhutto will affect Canada’s upcoming parliamentary vote on troops in Afghanistan.
Ambassador David Wilkins says: “It remains to be seen” if the crisis in Pakistan will affect how Canadian legislators vote.
As ambassador, he is encouraging Canadian officials to extend the country’s military operations in Afghanistan beyond its current commitment that ends in February 2009. The ambassador left Afghanistan on Wednesday after a three-day visit with Canadian and American troops, at the invitation of Defence Minister Peter MacKay.
Wilkins praises Canada’s role in Afghanistan
OTTAWA: With U.S. appeals to NATO allies to step up their military roles in Afghanistan largely unheeded, Canada’s parliament faces a crucial vote this winter on what form, if any, that nation’s participation will take next year.
At his Greenville home for the New Year holiday following a trip to Afghanistan over Christmas, U.S. ambassador to Canada David Wilkins told The Greenville News that any vote on the “contentious” issue would be close.
Wilkins top choice for U.S. Attorney
By RICK BRUNDRETT -
Walt Wilkins, son of former Chief U.S. 4th Circuit Court of Appeals Judge William “Billy” Wilkins of Greenville, is a leading candidate for the seat of outgoing U.S. Attorney Reggie Lloyd, sources said Tuesday.
The younger Wilkins, an assistant U.S. attorney in Greenville since 2005, declined comment Tuesday. He is the nephew of David Wilkins, the former S.C. House speaker and current U.S. ambassador to Canada.

Afghanistan

Latest Fallen Returned Home; Next ROTO Starts to Leave; Lotsa Column Inches On US SecDef Assessment of COIN in NATO

Khadr Boy: More Calls to Drop Charges 'Cause He was a Kid - More - more - His Lawyer - Former Boy Soldier Says He Knew What He Was Doing

500 USA Mine-proof Vehicles Headed to AFG

Taliban Targets Hoity-Toity Hotel in Kabul:  More - UN Reviewing Own Security - More to Come? - Foreigners in the Sights - More - NOR Says This is Why They Have to Stay - Brit Civil Servants Stressed from Blast

It's Official:  New Super-Envoy for AFG - More - more - Profile - Taliban Underwhelmed

Son of Osama Wants Peace (Really)

Oldest Profession Flourishes in North

Pakistan

AFG:  What Arty Hitting PAK? (permalink)

Admiral:  PAK (More) OK with US Helping Train PAK Troops - More - Still, Nervous About Outside Strikes on AQ - More - PAK Bad Guy's Who's Who

PAK Hitting Bad Boy's 'Hood - Bad Guys Come, Go - More

PAK Arrests Bhutto Killing Suspect - CIA Throws Own Guess Into Hat

Will IRQ playbook work in PAK?

"Pakistan's Nuclear Future: Worries Beyond War"

U.S. Race 2008 | Hillary Clinton | Barack Obama | Amb David Wilkins We will post more information here over the next few days Diana's page

Videos: on Google

A few more links to stimulate some thought and/or items you might have missed

Environment


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2008 W-N Links

Tuesday 22 January 2008 Fears of global recession: stock indexes fall
Fed Cuts Rate 0.75%, but Dow Drops
The Federal Reserve, responding to an international stock sell-off and fears about a possible United States recession, cut its benchmark interest rate by three-quarters of a percentage point on Tuesday.

A DEAFENING CRASH
by Josh Ginsberg
January 22, 2008

Investors' ears are ringing after yesterday’s thunderous crash of the Toronto stock market. The National, CTV News, the Post, the Citizen, the Globe, and the Star (not available online) lead and La Presse goes inside with the worst drop since the aftermath of 9/11. Fears of a US recession prompted a massive selloff at the TSX, mirroring similar developments in other world markets. Toronto stocks fell 4.74 percent, triggered, CTV and the Post report, by worries in Asia that the Bank of China may have to write off $8 billion in US sub-prime debt. Contributing to the chaos were fears that President George W. Bush’s $145 billion (US) economic stimulus package was too little, too late. The panic spread to Europe, says CTV, finally landing in Toronto. The US was spared pain yesterday because the markets were closed for Martin Luther King Day, but the punishment starts at opening bell today. There is no shortage of violent metaphors in today’s coverage to describe the carnage, ranging from the Globe’s “falling off a cliff” to CTV News’ “mauling.” The Post steps back from the panic and offers analysis, with Terence Corcoran admonishing that it is “crazy to jump out the window every time the markets rattle.” He predicts some stability retuning to markets today, but grim developments for the longer term. Analysts interviewed on the National and Richard Gwyn in the Star provide some reason for optimism, with the former saying that the crash will lead to some great deals on good stocks, and the latter suggesting that this crisis will teach us that the market is not invincible, and government regulation is needed to ensure stability. Regulation? Nonsense, says John Ivison in the Post, comparing Liberal Leader Stéphane Dion’s plan for economic aid to Mao's Theory of Productive Forces. 

CTV News started the conversation about the effect the crash will have on Canadian politics, noting that it immediately cooled Liberal election fever. Dion is taking a conciliatory approach, saying that he will vote for the government’s budget if it has provisions to help Canadians through the hard times. However, the Star sees it differently, saying that, if the budget lacks string measures to shield Canadians from a recession, the government will likely fall at Dion’s hands. There are few indications of what Finance Minister Jim Flaherty is planning to bring forward in his budget, which could be tabled in early February, but the Star notes that, due to recent increases in spending, he will have little room in which to maneuver. As the Globe reports, immediate help will come from the Bank of Canada, which will lower the key interest rate by at least a quarter of a percentage point today, although David Dodge, the bank’s governor, is calling for a cut of half a point. This should come as some comfort to investors unsure of their financial futures, but will hardly bring the rollercoaster of a market to a halt.

-----------------------------------------------------------------
THE LEADS:
THE NATIONAL: “Dive! Dive! Dive!: Global Markets are slapped by a big selloff and investors are warned to brace for more”
CTV NEWS: “Stunning Losses: Stock markets plunge around the world”
GLOBE AND MAIL: “US recession fears spark global selloff”
TORONTO STAR: “605 points, or 4.75%” (not available online)
NATIONAL POST: “Markets Plummet”
LA PRESSE “Canada must stay in Afghanistan” (top non-local)
OTTAWA CITIZEN: “Prospect of a recession in US sparks huge selloff”  (top non-local)

Monday 21 January 2008 Montebello summit bill tops $27 million

OTTAWA -- The Montebello summit cost at least $27 million, according to new documents obtained by Canwest News Service.

The documents show the RCMP's expenses to secure the two-day event that brought together the leaders of Mexico, Canada and the U.S. at Quebec's Chateau Montebello, about 80 kilometres east of Ottawa.

The RCMP, the police force with "primary responsibility for security" at the meeting, spent $13.4 million to plan and secure the event according to a financial summary. The Mounties originally estimated it would cost them $15.7 million for the event.

anuary 19, 2008 The Education of Ben Bernanke
(NYT Magazine) Ben Bernanke’s first exposure to monetary policy was reading the works of Milton Friedman, the Nobel laureate. That was 30 years ago, when Bernanke was a graduate student at M.I.T., and he has been studying central banking ever since.

13 January 2008 nsnbc Economy Where nest


goto pengrowth.com/ then Go to webcast multimedia under Index

Stephen S. Poloz VP EDC Economics Weekly Commentary
How low can oil prices go? - January 23, 2008
Oil prices have broken below the psychologically-important $90 level, leading speculators who have bet heavily on $100-plus oil to consider bailing out of the market. For real consumers, in contrast, this is good news – and the question is, how much better can it get?
There is a wide dispersion of views on the future. Just a year ago many thought oil prices were headed below $50, while today some believe they are headed above $100. A non-economist might wonder what changed during the past 12 months to account for such shifts. Certainly, the arguments that are made to support forecasts are not new – rapid growth in Asia, political risk in the Middle East, a perception that conventional sources of oil are drying up, and the like. Past issues | his WN page

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