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Dr Hans Black of Interinvest on Davos Dr Hans Black
Was with us
Thursday, January 27, 2000 INVESTING IN 2000 Outlook for interest rates, currencies and stock markets around the world. The speakers will be: PATRIZIO MERCIAI, DUNNERY BEST & Dr. HANS-PETER BLACK

Davos 2000
Davos past

Davos 2000 27 January 2000

click for Globalization
david.nicholson's

Tue 8/7/01 World journalists' federation slams CRTC
The world's largest organization of journalists criticized Canada's broadcast regulator yesterday for allowing national television networks and the newspapers they own to use the same reporter to cover a story.
The International Federation of Journalists said that by allowing a practice already relatively common in the United States, the CRTC was contributing to a trend of less quality journalism on private networks, as well as threatening public broadcasters.
Fri 12/29/00 CBC HEAD SAYS HOCKEY SHOULDN'T INTERRUPT NEWS
With a little more than a year under his belt as the head of Canada's public broadcaster, Robert Rabinovitch has some clear ideas of what he thinks the CBC should be doing. montreal.cbc.ca/cgi-bin/view?/news/2000/12/29/rabin001229 ..He said he wants to explore shifting some of the coverage of the Stanley Cup playoffs from the main network to a partner that would show the games clearly identified as CBC productions.
Sports, Rabinovitch said, is not a big money maker for the corporation, but he believes it is important to keep covering it, though differently than has been done in the past.

OIL & CRTC vs CBC


WEDNESDAY-NIGHT
#933

January 19, 2000
OIL

This Wednesday was a full agenda.

Even without René Miglierina, Vice President of the Canadian Petroleum Products Institute
who was to talk about the price of gasoline.

[ Miglierina's asstant called Wednesday, at noon to say he will be unable!]

Quebec is 66.9¢ to 71.9¢ US 44.2¢ to 49.9¢. and $1.75. London, England. (all Cnd / litre)

Whining over gas prices. December 1, 1999 by Fred Lagan



Top picks: PCA $12.50 | CNQ $30 | TLM $26

Chart-Menu


Tuesday, January 18, 2000 Crude oil is now over US$28 per barrel; it's highest level since the Gulf War.

This will cause much higher revenues for oil producers and in turn larger cash distributions for the various Oil & Gas Royalty Trusts. Current share prices of these units suggest that the market doesn't believe that these high oil prices will last.

Our analysts are assuming an average oil price of $21 for 2000. Even with this assumption almost all of the trusts are rated Strong Buy or Buy. [andrew_decourcyirelandXscotia-mcleod.com]
see pdf file 36k

That will be of interest to our young friends from Venezuela who have been working throughout the Christmas holidays on Venezuelan disaster relief and are deeply concerned by the economic prospects for their country. René Armas has invited the president of the Latin American Stdents Association of McGill to join us.

And some subjects not reached last week

No doubt someone will have something to say on the Time Warner-AOL Mega Merger and its consequences for the Americanization of worldwide entertainment. Combining AOL's Internet content with Time Warner's cable operations, which can provide broadband Internet access to homes, will speed the growth of the interactive medium, the companies say.

And just as AOL Time Warner will be cross-marketing itself to its different audiences, marketers will be able to tap into the new behemoth's multiple audiences, according to AOL's Pittman. "AOL Time Warner will provide companies worldwide with a convenient, one-stop way to put advertising and commerce online as well as take advantage of the best in traditional marketing," he says.

David and Diana Nicholson




Wednesday Night #933

January 19, 2000

Subsidies to NHL owners?

Why is the Government of Canada offering subsidies for professional Hockey teams when public opinion appears to have this type of subsidy way down its priority list, well below Health Care and Education? Why is this subsidy being offered by the Minister of Industry rather than the Secretary of State? Does the government really believe that this subsidy will stimulate employment? These are the questions that are being asked currently. There may be a further series of queries should it turn out that the Ottawa Senators is the only team to qualify. At this stage, it seems that Canadian public opinion is reflected accurately by Wednesday Night – calls to the media are running close to 95% against the Manley initiative.

Globalization, Seattle and Davos Jan 2000

What do the Internet, Seattle and this year’s Davos World Economic Forum starting on the 27th , have in common? Internet activists were able to gather a humungous crowd to protest at Seattle. This in turn has given rise to questions on the part of governments as well as individuals as to the value of globalization, especially the American view of same. What has this got to do with the Davos conference? Seattle was the wake-up call for people whOWN to implement globalization pell mell.

Not many people on this side of the Atlantic realize that there was a massive demonstration at Davos two weeks ago. The Swiss Army had to be called in to maintain order.

The theme for Davos this year is "How do you manage globalization?" One guest commented that the Davos appears to have gotten out of hand. It has come a very long way since its start 30 years ago. Too many people, too much publicity, to have really effective- and private –exchanges. Today, there is little access to the leaders, other than hearing them speak in public gatherings.

The Stock Market/Economy

Can anyone predict the near and medium term future of the stock market? The consensus is NO! Is there a new paradigm in the market? Who can say with any certainty? There are some values to be picked up, especially in the banking and some aspects of the hospital supply sectors. Alan Greenspan is largely credited with preventing a market crash, but this task becomes more difficult with the passage of time. There is a great deal of nervousness over the dot com companies, with some expectation that the whole sector will ultimately shake out, with a very small number of players surviving.

 

The Canadian Economy

How is the Canadian economy doing? Great! Operating at 86% capacity, Canada is enjoying the highest employment level in eighteen years, Québec the highest level in twenty-two years.

Friday January 21, StatsCan will release Canadian inflation figures with core inflations expected to be 2.2% for the year 1999, approximately three to five basis points behind the American figure for the same period. Core inflation excludes fluctuations in energy and food, the former because prices are controlled by the OPEC cartel, the latter because its dependence on weather makes it volatile.

OPEC and oil prices

A question arises as to the stability of OPEC. No cartel has ever lasted over time. With a lifting price of about $1.50 per barrel, over time, someone will be tempted to cheat. Venezuela has a lot of oil, and it might be expected that following the recent disaster in that country, and its subsequent need for money, it might be tempted, but so far Venezuela is encouraging its fellow producers to maintain a high price level.

In the short term, oil prices are expected to rise. With low North American inflation and a high level of job creation, there will be little if any immediate effect on the economy, but ultimately the high prices will filter down through the system.

CRTC vs CBC

Is The C.R.T.C. making unfair demands on the C.B.C.? Apart from the suggestion that the background of some commissioners leads them to have an anti-C.B.C. bias, this is a very difficult question to answer. The television preference of urban dwellers is quite different from that of Canadians living in remote regions. To fragment the corporation in order to respond to this difference could be a fatal error. The desire to prevent American content from suffocating Canadian National Television might lead to disaffection with C.B.C.

P.B.S. has a mandate to be an intellectual and cultural stimulant and is not constrained in the source of programming to meet that mandate. However, PBS is much different in its regional breakdown and programming varies widely. While it does receive tax dollars, it local stations also fund raise (endlessly, it seems) among “viewers like you” in order to keep their heads above water.

There is no easy answer. But then, there rarely are….

 

 

QUOTES OF THE EVENING:

“I am not sure that globalization has any friends.”

"People don’t make profit any more. They impact bottom-line parameters."

"Dot com is a little like the gold rush, when people who sold the shovels were the ones who made the money."

"All inflation figures are fraudulent because they do not represent real expenses of real people."

"The great challenge for (Alan) Greenspan is how to let the air out of the bubble slowly. If he succeeds, he may win the Nobel Prize."

 




Friday 7 January 2000 CRTC, CBC in dogfight Network may defy edict to boost regional shows CHRIS COBB The CBC is angrily hinting it might defy yesterday's ruling from the country's broadcast regulator to phase out blockbuster Hollywood movies and boost regional programming.

7 January Renewing the CBC's mandate It was a stirring sight in Ottawa : the CRTC acting as the saviour of a pure and unadulterated CBC. ...AT&T Canada Corp. appealed to Ottawa to rewrite the rules governing telecommunications competition. .. because it is "losing the battle" in an attempt to carve out long-distance market share and profits after a series of unfair recent decisions by regulators.

Newsworld Susan Bonner reports for CBC TV
[Download Players]


Our page on the CRTC and the RULES

The CRTC and/or Canadian Culture and more! on what the U.S. thinks.


March 14, 1999
"What's the future of the CBC?"
realaudio introduction guests listener mail

We have a A/V page to try out Media on the web | Napster type stories

It was 1872 when John A. Macdonald's government introduced the Trade Unions Act ..CBC strike history


Time Warner-AOL Mega Merger and its consequences for the Americanization of worldwide entertainment. Rhe deal looks good. TWX receive 1.5 shares of AOL. This solves AOL's broadband and creats sigbificant cross selling opportunities. TWX gets internet conference call. It is about time that Bell Canada gets told to shapeup and give some service! And Videotron senior staff learn to return phone calls. move from $64 to hi $102

Tuesday 11 January 2000 AOL nets Time Warner Puts Canadian Internet providers, content regulations on the line ANDY RIGA ...With only 130,000 subscribers in Canada, AOL has struggled against Bell Canada's Sympatico (with close to 400,000 customers in Quebec and Ontario) and high-speed Internet services from cable companies.

But after getting a $60-million (U.S.) cash infusion from the Royal Bank of Canada last year, Toronto-based AOL Canada boosted its marketing and is working on deals to offer high-speed or broadband Internet access over cable and telephone wires this year.

Time Warner gives AOL Canada a pile of new video and audio content that will make its service - particularly the high-speed version - more attractive to Canadians ....

The CRTC might find itself under pressure from Canadian broadcasters complaining about the Canadian-content requirements that they have to abide by but that won't touch new-media broadcasters,

Must see ourISP page

An other thought

It is an interesting observation... the entire market take-off started with the first Warner-Time merger...at the time $10 Billion "largest in history" 1989.

This market might just end with this deal. It is simply silly in terms of valuations. AOL has nothing except 20 million internet subscribers and a good deal of old connectivity wiring that could have been purchased at $300/each. (Average price paid for internet subs).

AOL has lousy service, it doesn't have any cable...mostly dial-up and Bob Pittman (who used to run HBO at Warner for Steve Ross) managed to convince Gerry Levin et al that it was worth more than the entire T-W...

T=W has the broadband cable, has the programming assets....man were they taken!

I was hoping AT&T would make a deal with T-W. That would have flown and would have created much more value with the marriage of telephony over the net.

None of these companies are worth what they are commanding as simply the barriers to entry are nil... and anyone can still get in the game with a better mousetrap.

This may be the straw that breaks Mr. Greenspan's back and look for vigor in interest rate hikes...they cannot let this continue to bubble much longer....

Have fun!


Guy Stanley found this in the FT

...shares in Britain's big media businesses leapt this week on news of the proposed US merger between America Online and Time Warner. The odd man out was the UK's largest media organisation, the BBC, which does not, of course, have any shares to be traded. It is high time it did.

The AOL deal may or may not prove a model for the rest of the communications industry - strong arguments can be mounted on both sides - but it does show that if a business wants to be a serious force in the new global media industry it needs three important attributes: great flexibility, since no one really knows what the future holds; deep pockets to snap up assets, though these should be filled with share certificates rather than cash, to permit painless equity for equity swaps; and a strong international reach.

The BBC [& the CBC] possesses none of these, but it could if the establishment heeded the wake-up call of the AOL deal and started thinking seriously about privatising the second largest media group in Europe after Germany's Bertelsmann [what was the best in N.A. the CBC].

Instead, it is engaged in a tortuous debate over how to fund the BBC's digital television expansion plans, earnestly trying to decide whether auntie will spend the money wisely, or fritter it away on gin, and whether she should be forced to raise some funds herself: by selling off parts of the family silver or becoming a little more (but not too much, dearie!) involved in that dangerous bingo-like activity, "commerce".

The BBC has big ambitions for digital television, which will transform viewing patterns over the next decade, offering vast numbers of channels, access to archives of programming, and convergence between the internet, broadcasting and personal communications devices. It has already built up an impressive internet presence with its BBC Online site. But its plans will cost a lot and it v argues that without adequate funds it will be condemned to a slow demise. [and so CBC]

For the BBC, [CBC] it would solve at a stroke its perpetual cash shortage. It could aggressively exploit its superb brand name, expand into digital, and bid more aggressively for talent, shows and sports fixtures. It would have a currency with which to snap up other businesses and become a genuinely global force. [in fact the cbc.ca is doing a good job in digital streamming audio/video, some of which is seen on this site. (Manley's speach video was done in Gov. house]

For policymakers, there should be numerous attractions. First, MPs would no longer debate the validity of the BBC's ambitions like central planners from another era. The market would decide. It would also force greater efficiency on the corporation, which film-makers complain is still over-bureaucratic.

Alas, however, privatisation is not a live political issue because the government and most of the establishment believe the BBC should remain a public service broadcaster, with a duty to "inform, educate and entertain", enriching viewers' lives in "ways that the market alone will not". As such it is also supposed to exert an influence for good on private-sector broadcasters, whose instincts are supposedly for the cheap and vulgar.

But this argument is simply out of date. First, no one seems able to define very clearly what public service means in an age of infinite choice. Second, the very idea smacks of elitism from another age: let them eat our cultural cake. Third, in the digital age people will simply not watch the BBC if it does not provide what viewers want, leading eventually to a licence-payers' revolt.

Finally, it is a national myth that the bulk of BBC's service nowadays "enriches viewers lives in ways that the market cannot". Quality is in the eye of the beholder, but a dispassionate Martian comparing BBC TV with commercial rivals would be hard put to notice any significant difference.

Admittedly, there are a few remaining pockets of genuine "enrichment": parts of Radio Three and Four and a scattering of scientific and educational programmes. But these could be protected, as part of a privatisation licence, or subsidised by public subscription, as in the US. And the government could temper quality concerns by holding a golden share in the privatised company, at least for its early years. [our CBC radio was great .. but it to is becoming a bore! ...stuffed with local content... 'boy gets stuck in fence in YC']

by Martin Dickson

This Toronto-based site converts off-the-air TV signals into digital format and rebroadcasts it on the Internet. Launched in November, has raised the ire of the Canadian and U.S. TV industries, along with the National Football League. They're crying copyright and trademarks infringement. Try tvguide these 2 are U.S.

cbc.ca/newsworld listing shows how dull we are? Monday, January 17, 2000 on West renews call for end to Chechen campaign the CBC.CA is good!






Bob Stewart click for his on Civility DTN photo 3.2k Robert Stewart
Published by Royal Bank of Canada
Vol. 76 No. 3, May/June 1995

The Duty of Civility

Civility means a great deal more than just being nice to one another; it is the lubricant that keeps a society running smoothly. So vital is it, in fact, that some philosophers say that we have a duty to act civilly - especially here in Canada, where we must live with diversity...

When you listen to this documentary please hear the clip, well into the peice, taken from the mid 1900s and notice the way we use to speak...



 Jacques Clément DTN photo  Jacques Clément

Jacques Clément will give his seven [7] min. on Russia
Mike Hornbrook reports for CBC Radio
[Download Players]
Dr. Mark Roper click for Mega hopital Dr. Mark Roper

Dr. Mark Roper will bring us up to speed ...medicaly and will bring with him, Anne Thomas, for over 15 years the Assistant head nurse at the MGH emergency, for the on-going discussion of healthcare.

Do see The Roper Letter vol 1 & 2

also Wed 884 a medical night





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click Aislin image click for Aislin

Wednesday 20 October 1999

'There's work to be done'

CBC's new president would do well to adopt Chretien's wise words

Rabinovitch: Big job ahead.

OK, so the study hallways of the United Talmud Torah were not the playing fields of Eton. But if, as the Duke of Wellington suggested, the Battle of Waterloo was won at the venerable English boarding school, then the future of Canadian television was forged at the corner of St. Joseph,Blvd. and Jeanne Mance St. Early 1950s enrolment at the Talmud Torah, a parochial school at which the day was divided between studies in English and Hebrew, included Moses Znaimer and Robert Rabinovitch.

Znaimer is a visionary whose ability to see the shape of the 100-channel television led to the launch of Toronto's City-TV and a specialty service empire (owned by CHUM) that includes MuchMusic, Bravo, MusiMax, Space: The Imagination Station and Star.

Rabinovitch will become president of the CBC next month. He takes over Canada's public broadcaster at a crucial time in its history, when the CBC struggles to remain relevant in a broadcast landscape cluttered by the creations of Znaimer and other private broadcasters.

I don't know what Charles Bronfman pays his top-drawer executives, but it's a safe bet that Rabinovitch will be taking a hefty pay cut when he moves from stewardship of Claridge Investments Inc., a Bronfman holding company he joined after Brian Mulroney purged him from the Ottawa mandarinate, to a CBC appointment that pays about $225,000 a year.

Money isn't everything, however. In his new job, Rabinovitch will reap intangible benefits.

He will talk broadcast journalism with Peter Mansbridge and Stephan Bureau. He will meet Don Cherry.

And then, after Rabinovitch extricates himself from a friendly Mary Walsh headlock, he will come to grips with the immense challenge of restoring the CBC to some semblance of the treasured national institution it was when Rabinovitch and Znaimer were running around the Talmud Torah schoolyard.

At the convention that chose Jean Chretien to lead the federal Liberal party, the future prime minister's acceptance speech included several repetitions of the phrase "There's work to be done." The line was probably drafted by Eddie Goldenberg, Chretien's closest adviser and Rabinovitch's champion through the ridiculously long process leading up to Monday's announcement.

Goldenberg should dust off the battle cry for updated use by his friend. There's much work to be done as Rabinovitch steers the CBC into the 21st century.

The public broadcaster's future remains uncertain, but the CBC's prospects are brighter than they have been at any time since Mulroney's government began hacking away at the corporation's budget. Robert Rabinovitch is a capable, confident and universally admired executive whose candidacy for the CBC job, mooted for months, was hailed by every broadcaster in the country.

Robert Rabinovitch, a 56-year-old graduate of McGill and the University of Pennsylvania's Wharton School, brings a unique blend of public- and private-sector experience to the country's most vital cultural institution.

To a greater degree than any previous CBC president - including Pierre Juneau - Rabinovitch knows how the government works; and this knowledge equips him to craft a culturally, politically and fiscally realistic framework for what public broadcasting can and should be.

The CBC is getting a president who is passionate about public service. Rabinovitch's tenacity, in hanging on through the lengthy Ottawa soap opera preceding his appointment, demonstrates that he really wants the job.

He's finally got it. And while no one's whistling Happy Days Are Here Again in the corridors of the Broadcast Centre in Toronto and the Maison de Radio Canada, there is at least a glimmer of hope that the worst days are over.

The government has realized, not a moment too soon, that the future of Canadian culture is best entrusted to bearded former Talmud Torah students.

- - -

CIQC is throwing a party for Montreal advertisers today.

About 400 media buyers and ad agency gladhanders have been invited to the Helene de Champlain restaurant to hear representatives of CIQC and its sister station, CKVL, explain the stations' all-news formats. Personnel decisions have not been finalized, but CIQC hopes to introduce the station's morning news anchor.

CIQC won't tell me who it is - they want a bit of buzz at the party. But the days of Jim Duff's morning show - with Mitch Melnick - dwindle down to a precious few.

Wednesday Jan 19 #933


Please see:
E-BUSINESS: Taxes slow Canadian growth from FT

Notes from a previous

Wednesday Night #932

click for Facts of South Africa
num 932eli 12 Jan 2000 Eli Bitzer, C.G. South Africa. Jacques Clément introduced Filo Croce in computer education. flu is back Dr. Mark Roper gives the chair a shot ...serious risk the older! pan photo of 932

And “Merry Millennium”
Wednesday Night num931 January 5, 2000 We past Y2K .. Russia .. war in Chechnya.. [cults] art Martin Barnes, Peter Trent, Alex Weinstein, Tony Deutsch, John Ciaccia, Margaret Lefebvre, Warren Allmand, Jacques Clément, resistance Cdn$ 75 cents... US unemploy at 4.1% - a 30 year low. GDP 3.5% to 4%.. Quebec GDP 3.6%, unemployment 8.4% Ron Meisels online trading Peter Ferst, Day traders are not gamblers [DTN]






© 1996 David T. Nicholsonby Harry Mayerovitch Please phone (514)934-0023
e-mail your thoughts.Please e-mail us your thoughts.



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