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#1396 3 Dec 2008

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Introduction


Richard Schultz OWN
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  • Wed1396 video Chil Heward gave his Stock Market Views 9:48 Video page

    Thursday 04 December 2008 Canada PM vows to stop opposition
    Canadian PM Stephen Harper says he will use "every legal means" to block an opposition plan to topple his government.

    Friday 05 December 2008 Canadian economy needs 'more robust, concrete plan'
    OTTAWA - The federal government's budget update, which contains no new measures to stimulate an economy it admits is going into recession, may be too optimistic about the economy and its own finances, economists warned Thursday.

    Equities and bonds
    Examining the yield gap between equities and bonds ... more

    The bullishness of private equity bosses rings hollow
    Buy-out firms and their bullish bosses ... more

    Where have your savings gone?
    Investors may draw the wrong lesson from history ... more


    Friday 05 December 2008 OTTAWA: GOVERNOR-GENERAL ALLOWS HARPER REQUEST
    Governor-General Michaelle Jean agreed Thursday to a request by Prime Minister Stephen Harper to interrupt the new session of parliament until Jan. 26. Mr. Harper made the unprecedented request to avoid facing a non-confidence vote next week that would bring down his minority Conservative Party government just two months after the latest federal election. The move--officially known as prorogation--will give the Tories a chance to table a new budget on Jan. 27. Mr. Harper said afterward that a new economic plan is what Canadians are seeking. To avoid another election following a non-confidence vote, the opposition Liberal Party and New Democratic Party proposed to form a coalition with the support of the Bloc Quebecois. Their proposed coalition has generated controversy among Canadians across the country. Following Mr. Harper's announcement, the leader of the New Democratic Party, Jack Layton, said that it was a sad day for parliamentary democracy.

    To day NYT Podcast | Menu

    Please see General Moters file bail out or bankrupt

    -08/22/2007 this is a video of a new Ford plant in Brazil
    One look at this and you will be able to tell why there will probably never >be another one built in the USA
    It will also point out why more assembly plants will go offshore.
    and.pay attention very closely to the last few words of the narrator. It says a lot!

    Tuesday 02 December 2008 US carmakers in new bail-out plea
    US carmakers General Motors, Ford and Chrysler present their new cost-cutting plans to Congress.


    Tuesday 02 December 2008 Canada PM sees opposition revolt
    Canada's opposition parties join forces to try to topple PM Stephen Harper and his minority Conservative government

    Trouble at 24 Sussex Drive

    If the Parliamentary drama of late is the most outrageous show of power-grabbing to have hit Ottawa in recent memory, it is also a show of desperate glory-grabbing by the media, each fighting for a piece of the action. By late last night, the Liberals and the NDP seem to have ironed out the details of a coalition government: A slim cabinet of twenty-four ministers would include six NDP members, and would aim to stay in power for two-and-a-half years. (The CBC and CTV each took credit for breaking the story.) But if the Post’s John Ivison is to be believed, he’s got the scoop: A late-night dinner between the Liberal leaders concluded with a tentative agreement that would see Bob Rae and Dominic LeBlanc step aside so that Deputy Leader Michael Ignatieff could lead the Liberals as prime minister. La Presse provided its own blush to the drama, commissioning a poll showing that a strong majority of Quebeckers would support a coalition government.

    Some in the media want to see the Tory minority government continue - predictably, the Globe, writing that despite Harper’s “small-minded hyper-partisan” attitude, the Tories “are better positioned to provide stable government than the alternative.” But others take the opposition line. Chantal Hébert in the Star says that the Tories did not have the economic best interests of Canada in mind when they presented their funding package on Thursday, but “wanted to use the cover of an economic crisis to financially strangle the other parties.” The Star editorial board thinks Harper is to blame; and the Globe’s Jeffrey Simpson points to growing Tory infighting as a sign that things are only getting worse. But answering the question of whether an election is nigh is still a guessing game. Don Martin fronts the Citizen, saying that an election would be in Harper’s favour, since Canadians would reject the coalition as “unwieldy at best as an instantly dysfunctional clash of left-leaning ideologies propped up by separatists.” But Roy MacGregor in the Globe disagrees, saying that Harper is out of touch with Canadians if he thinks they want to go to the polls again. If he’s right, then the Post’s editorial board, which calls for an election so the matter can be decided upon by Canadians, is also out of touch. But the cards are still in the air until at least December 8, the date of the vote on the fiscal update that started it all. MediaScout’s favourite part of this frenzy is the Citizen’s decision to front, under a headline shared with the parliamentary crisis, a story on urgent repairs that will likely force the Harper family out of 24 Sussex Drive. One way or another, the prime minister is moving out.

    —————————————————————–
    THE LEADS:

    CBC NEWS: SUNDAY NIGHT: “The NDP and the Liberals may make a deal to topple the minority Conservative government”
    CTV NEWS: “Deal or No Deal: A taped phone call adds ammunition to the war on Parliament Hill”
    GLOBE AND MAIL: “Liberals, NDP firm up deal to topple Tories”
    TORONTO STAR: “Tories make concessions but coalition close to deal”
    NATIONAL POST: “Coalition deal done?”
    LA PRESSE: “Quebeckers favour a coalition”
    OTTAWA CITIZEN: “Crisis of House and home”


    Monday 01 December 2008 OTTAWA: GOVERNMENT TO TABLE FEDERAL BUDGET IN JANUARY
    Facing a political crisis, Canada's finance minister will table his new federal budget earlier than expected. Instead of February or March, Jim Flaherty will bring down the budget on January 27. The early budget date is the latest effort by the Conservative Party minority government to prevent the three Opposition parties from banding together and forming a coalition government. The threat of a coalition arose last week after the opposition Liberal Party, New Democratic Party and Bloc Quebecois objected to Mr. Flaherty's proposal to cut public funding for political parties. Canada's political parties largely depend on public funds for conducting their operations. The opposition threatened to vote against Mr. Flaherty's proposal, a vote that would have brought down the government and possibly triggered another election. Canada held its last federal election just last month. On Saturday, the Conservative Party reversed its decision to cut public funds. The next day, it relented further and withdrew a plan to ban public service strikes. But the Opposition is still threatening to form a governing coalition unless Mr. Flaherty brings in a major economic stimulation program to maintain Canada's economy in the face of a global downturn.

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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

    Previous Videos

    Notes by Herb Bercovitz OWN Editor: Diana Thébaud Nicholson OWN

    Radio, the long-lasting treasure


    Wed1396 | Wed1396 slide show








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    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



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    2008 Notes for this Wed-Night

  • Video page André Laurendeau intro Seq01.avi
  • Video page André Laurendeau intro Seq01.avi

    Saturday 06 December 2008 Paul Bagnell reports the latest on ETFs
    he misquotes me as "working for Desjardins" but gives the report on the Jov Talisman Fund & Ron Meisels's involvement

    Friday 05 December 2008 Warning over internet painkillers
    Prescription-only painkillers available over the internet could be "deadly" say experts.

    VP EDC Economics Weekly Commentary
    Speed of recent change breathtaking - November 26, 2008
    The adage “one month does not a trend make” was shattered in October. The speed of change in key economic indicators was breathtaking, and wasn’t confined to single economies, industries or ideologies. Analysts’ views on the economy’s near-term path, disparate just weeks ago, now vary only on the severity of the downturn. The dust kicked up by the rapid change and resulting post-October volatility has clouded the economic line of sight significantly. Past issues | his WN page

    Commentary podcast. Listen

    Thursday 28 August 2008 Subject: Thank you again
    Dear Diana and David,
    I am still blushing at the honour I was given last night. Thank you. And thank you again.
    Love, Cleo

    Thursday 31 July 2008 China’s Shift on Food Was Key to Trade Impasse

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