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#1358 12 Mar 2008

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Wednesday Night Salon
#1358 12 Mar 2008 Page 2

Introduction


Holly Jonas
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Thursday 20 March 2008 at 8:00 pm Canadian Book Series
Choirs in Canada by Holly Jonas

The Report (Diana's notes )

Wednesday Nighters at work and play

It is not unusual for guests at Wednesday Night nor for established Wednesday Nighters to contribute to society in an extraordinary manner. In addition to the many politicians, teachers and diplomats who have enhanced the intellectual, political, physical and social environment in which we live, such people as Harry Meyerovitch, Brian Morel, Robert Galbraith, John Curtin and Jacques Clément, are two who are in the process of offering to the public the fruits of their fertile brains.

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On Thursday, March 20, Holly Jonas is launching an 8-part series “A Magic Carpet Ride in Search of Canada’s Choral Best”. This prime time evening (8pm) radio series on CJMQ FM features the choral directors from all the Canadian provinces and territories about whom she wrote in her recently published book In Their Own Words. For Holly, what is most exciting is that the radio medium allows her to share the music of these conductors and their ensembles with many listeners who may never have heard of them.

Beryl Wajsman, a practicing Lawyer, President of the Institute of Public Affairs of Montreal, Editor of the Suburban, Radio Talk Show host, is about to launch The MétropolitaIn, a bilingual, limited circulation bi-weekly, a worthy successor to Cité Libre. It will bring a variety of contributors together in the classic collegial newsroom rather than in isolation. Guaranteed corporate funding has been secured with assurances of non-intervention in editorial content and sophisticated, limited, targeted circulation will maximize readership. More on this topic next week.

In another contribution to our wellbeing - physical rather than intellectual, Dr. Mark Roper has spearheaded the establishment of the the Queen Elizabeth Health Complex on the site of the former Queen Elizabeth Hospital in Notre Dame de Grace. The complex, a teaching- unit of the McGill University Health Center operating within Medicare, consists of the previous medical and imaging clinics and the Montreal General Hospital department of Family Medicine, and has now expanded to absorb various local medical clinics. It operates during extended hours, seven days a week. Although government funded, its small size enables a dedicated, flexible staff to operate more efficiently in the treatment of urgent, non-emergency primary care patients. One must sometimes draw the distinction

The economy

Urban legend places the origin of the word “buck” to denote dollar, to the practice of trappers in the Far North of taking animal (buck) skins to the Hudson Bay trading post in exchange for a credit, in the form of a small square cut from the buckskin. It is not that great a stretch of the imagination to imagine counterfeiters creating false credit by cutting multiple squares from a single skin or from The Hudson Bay Company from extending credit in anticipation of receiving skins during poor hunting seasons.

If this is true, not much has changed. Students studying Economics learn that credit is just a matter of credit and debit entries in a ledger without necessarily representing any solid monetary value. The practice of the house of cards type of sale of less than solid loans through multiple hands has ultimately led to the financial crunch through which the United States and hence the world, is currently suffering. Fortunately, Canadian banks have been more stringently regulated than those in the United States and our commodity-based economy acts as a buffer but ultimately, we will be hit by the ripple effect. Logic would dictate that the U.S. face the obvious fact that the financial institutions in that country are essentially bankrupt, but politics would dictate otherwise, thus delaying the inevitable. The default decision has been the injection of up to the equivalent of four hundred billion dollars of credit, not to be confused with cash, by European and U.S. central banks into the economy. This news has led to a sudden resurgence of the stock market, but when the reality inevitably sinks in, the market is expected to resume its downward trend as inflation increases, making debt repayment less costly. The banking sector is not expected to recover for some time. The weakening of the U.S. economy is expected to increase the relative value of the Canadian dollar to an estimated $1.10 U.S. Inevitably, the increasing inflation will adversely affect the price of oil. As North America is essentially an urban continent, food must be transported to its destination by air and truck. The ripple effect of rising petroleum prices is already translating into significantly increased cost of food.

Energy and the environment

It is a certainty that the cost of petroleum will continue to rise exponentially and although the petroleum market has thus far proven to be almost impermeable to increasing prices, at one point it will become not only financial feasible but imperative to invent and/or implement hitherto undreamed of changes in our current means of transportation of humans and goods. As a country, Canada has benefited considerably from the soaring price of petroleum at the expense of the environment.

As for Canada, it is said that every four barrels of oil produced from the tar sands requires the equivalent of one barrel of oil from the natural gas required to extract it from the sand.

The obvious solution is nuclear energy and it is probable that two CANDU reactors will be installed shortly to provide the necessary energy.

However, the Canadian government has not only failed to meet Kyoto agreement targets, but appears to be planning to implement placebo effect measures that will lend comfort to the concerned electorate but achieve nothing positive and perhaps, some negative effects. The deadline of 2020 is so far in the future that the current government will certainly not have to account for failure to achieve even minimal progress and the proposal to impose a carbon tax on only new companies not only places an exceptional burden on new competition but exempts, if not encourages, small existing, polluting companies that may have the potential of growing into giant polluting companies. Although European countries have been well ahead of North America in controlling carbon emissions as well as compulsory labelling in the United Kingdom indicating the amount of carbon required in the production of a product, unless a world-wide agreement can be reached for the control of carbon emissions, there is every likelihood that local economics and political dependence on lobbyists will set the agenda. Paradoxically, The Honourable John Baird has made the list of the 245 people most influential young leaders in the world, an event that causes some concern to some Wednesday Nighters as to the future fate of the planet.

Healthcare in Québec

The current trend in the delivery of government funded urgent, non-emergency medical care is government funded, privately provided medical care. The Rockland Clinic has been set up in co-operation with Sacré Coeur Hospital, and more recently, the Queen Elizabeth Health Complex.

The Spitzer affair

One must sometimes draw the distinction between legality and morality. On the surface, (about-to-be former) New York Governor Eliot Spitzer’s highly publicized night of entertainment seem no more worthy of note than the escapades of former U.S. Presidents Franklin D. Roosevelt or Bill Clinton. Whether or not that comparison is valid, if public money was not used to support the Governor’s habit, although unlicensed guns may be a constitutional right, prostitution is illegal in the United States of America and therefore, the career of a high-profile Democrat bites the dust.

The Presidential Race

The current U.S. presidential race would make a great film plot, the main elements being support and prejudices on both sides of the gender, race and generation gap. Millions of dollars have been donated, betting on the outcome. Will the articulate, squeaky-clean black candidate win the race and more importantly, if so, how will he be able co cope with the alternative use that the large donors had for the millions that they had donated to his campaign and would his idealism permit him to face that challenge in a realistic manner

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.


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Canadian dollar is expected to decline against its U.S. counterpart.

The economy
See also JACQUES CLEMENT: Pages ON THE ECONOMY

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Notes by Herb Bercovitz OWN Editor: Diana Thébaud Nicholson OWN

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QUOTES of the EVENING from recent
Wednesday Nights

2007

    From #1358 invite

  • It’s not a Bush problem, it’s an American problem. He is playing double or nothing. He is trying to shift the responsibility from the Coalition to the Iraqis
  • New York City has more police officers than Iraq has troops

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2008 Notes for this Wed-Night

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Friday 14 March 2008 Credit crunch Plugging holes
Central banks' latest moves to increase liquidity will ease but not solve the credit crunch

Banks and climate change The greening of Wall Street

Thursday 13 March 2008 Spitzer sex scandal woman named
The prostitute at the centre of New York Governor Eliot Spitzer's sex scandal has been named by US media.

The woman, named in court papers as Kristen, is Ashley Alexandra Dupre, the New York Times reported.

Ms Dupre, 22, told the Times she did not want "to be thought of as a monster", but gave no comments on her alleged relationship with Mr Spitzer.

THE SINGER, THE GOVERNOR, AND HIS WIFE
by Jordan Himelfarb
March 13, 2008

For the sake of the Eliot Spitzer’s mental health, MediaScout hopes that the disgraced New York governor is not a reader of F. Scott Fitzgerald, who wrote, “There are no second acts in American lives.” Three days after it was revealed that he had engaged in a bank-breaking, career-destroying dalliance with a high-priced prostitute, the man formerly known as “Mr. Clean” announced yesterday that he will not carry on as governor of the Empire State. Spitzer had been under pressure from Republican opponents and other enemies earned during his days as a crusading attorney general to step down after the salacious details of his alleged extra-marital, extra-legal sexual encounter surfaced on Monday. Again accompanied by his stoic wife, Spitzer publicly abased himself for the second time in three days, apologizing to his family and his supporters and promising that “the remorse I feel will always be with me.” Whether or not that remorse will be sufficient penance for his transgression remains to be seen, as CTV News reports that US law enforcement is playing coy on the subject of a possible prosecution of the former prosecutor. Regardless, Big Seven sources agree that the likelihood of a second act to Spitzer’s political career is almost nil.

Without much information left for exposition, today’s Big Seven sources delve into deeper studies of the saga’s supporting characters; namely, the successor, the wife and the prostitute. The Star goes inside with a profile of Spitzer’s replacement, David Paterson, a well-respected, mild-mannered politician, set to become the first black governor of New York and the first legally blind head of any state in the union. CTV News and Zosia Bielski in the Post continue the work begun in previous days by the Globe’s Margaret Wente and Christie Blatchford, situating the governor’s wife, Silda Wall Spitzer, as part of a tradition of faithful spouses of unfaithful politicians. Meanwhile, the Star fronts a lengthy look at Ashley Alexandra Dupre, the call girl in question, whose identity was revealed yesterday. Dupre, who is beginning to emerge as the story’s big winner, has the potential to disprove Fitzgerald’s maxim: From a broken New Jersey home to the front pages of today’s Big Seven sources, “Double A Dee,” an aspiring R&B singer (for musical influences, see the Star), is getting the kind of star-making exposure you can’t buy—even on her salary.

Gasoline and oil rose to further record highs on Wednesday. Gas rose overnight to US$3.25 a gallon, while a barrel of oil shot upwards to surpass US$110 for the first time, after rising to a new trading record of US$110.20. The continually weakening U.S. dollar caused investors to ignore a U.S. energy department report that crude oil and gasoline supplies jumped last week.

New York's Democratic Party Gov. Eliot Spitzer resigned on Wednesday, two days after the revelation that he was involved with a prostitution ring. The former governor acknowledged that he had failed to live up to his responsibilities as a public official. His Republican party adversaries in the state assembly had threatened to impeach him if Mr. Spitzer didn't quit with 48 hours. He had made a reputation as a prosecutor of organized and white-collar criminals. Mr. Spitzer will be replaced on Monday by Lieutenant Governor David Paterson, New York's first black and blind governor. Diana's site

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