Saturday, 11 October 2008

Sarah Palin guilty of Abuse of Power - CNN

U.S. Government to buy 'Equity Stake' in failing banks

In an attempt to shore up financial markets and the ailing U.S. banking sector - the American government announced today that they will be taking an "equity position" by directly purchasing shares in a number of U.S. banks and financial institutions. (They stopped short of calling it "Nationalization".)

Such a move by the U.S. government has not occurred since the Great Depression.

See coverage below:

Globe and Mail: US ups ante with plan to buy stake in ailing banks
Los Angeles Times: US to buy shares in struggling banks
The Press Association: US bid to stablise markets

Friday, 10 October 2008

Thursday, 9 October 2008

Working families deserve a parliament that makes their needs a top priority



Vote for a political party that puts the interests of working families ahead of the interests of the multi-millionaires that sit around the corporate boardroom tables.

Stephen Harper - Prime Minister of War

Check out a brand new posting on the "Owls and Roosters" Blog entitled: Canada First Defence Strategy: Harper government planning to spend $490 billion over the next 20 years on the military, not in election platform.

Money for corporate tax breaks, money for billionaires, money for war - no money for child care, no money for equalization promises, and no money for the arts. Our fuzzy-sweatered Prime Minister has his priorities all mixed up.

Keating economics

This video is posted on the Globe and Mail site under the Adhocracy section.

Olbermann: Terrorists? It's Palin doing the pallin'

Wednesday, 8 October 2008

Economists’ Open Letter Calls For Active Response to Economic Crisis

This is impressive!

"FOR IMMEDIATE RELEASE

October 8, 2008

Economists’ Open Letter Calls For Active Response to Economic Crisis

Ottawa: Today, 85 economists released an Open Letter criticizing the federal government for its inaction in light of the deepening global financial crisis, the growing probability of a worldwide recession, and structural weaknesses in the Canadian economy. The letter challenges government claims that Canada’s “fundamentals” are strong, and highlights the significant deterioration in Canada’s economic performance over the last two years. Despite recent government statements, there remains a wide disconnect between the appropriate policy response to the looming downturn, and the “stay-the-course” approach still being enunciated by the Prime Minister.

The Open Letter calls on government and its institutions to show leadership and play a more active role in stabilizing financial markets, stimulating real investment, and maintaining employment and incomes in the face of the worsening financial and economic downturn.

Signatories include:

four chairs of economics departments, two former Presidents of the Canadian Economic Association, a former federal Secretary of State for Finance and a former Quebec Minister of Industry

The letter is signed by:
Arthur Donner, Economic Consultant
Marc Lee, Chairperson, Progressive Economics Forum
Martha MacDonald, Chair Department of Economics, St. Mary’s University
Fiona MacPhail, Chair, Economics Department, University of Northern British Columbia
Mike McCracken, President, Informetrica Ltd.
Lars Osberg, Chair, Department of Economics, Dalhousie University, Former President, Canadian Economics Association
The Hon. Douglas Peters, former federal Secretary of State for Finance
Mario Seccareccia, Economics Department, University of Ottawa
Brenda Spotton, Economics Department, York University
Rodrigue Tremblay, emeritus professor of economics, University of Montreal, former president of the Canadian Economics Association, and former Quebec Minister of Industry.

…and 75 other economists.

To access the Open Letter and the full list of signatories go to:
http://www.progressive-economics.ca/2008/10/07/open-letter/

For further information or comment, please contact:

Marc Lee (Vancouver): 604-801-5121 ext.228
Marc Lavoie (Ottawa): (819) 770-4306
John Loxley (Winnipeg): 204-474-9769
Lars Osberg (Halifax): 902-494-6988 or 902-455-9486
Mario Seccareccia (Ottawa): 613-562-5800 ext 1691

The Open Letter was conceived and prepared by the Progressive Economic Forum, a network of Canadian economists that promotes alternatives to conservative economic theory and policy.
***********"

Vote for Environment




Visit the Vote for Environment web site

Tuesday, 7 October 2008

Monday, 6 October 2008

Canadian Artists Unite to Defeat Harper and fight Climate Change


Check out the web site and download the new song by clicking the image above. Or you check out the AVAAZ web site at: www.avaaz.ca

Palin vs Biden: Saturday Night Live Parody

CFIB and Sask. Party government inextricably linked

Marilyn Braun-Pollon, Premier Brad Wall and Laura Jones

Joe Kuchta over at the "Owls and Roosters" Blog has just posted an entry entitled: Regulatory Modernization Council: Wall government turns policy making over to business lobby group Canadian Federation of Independent Business.

The article unravels the links between the current Sask. Party government and the Canadian Federation of Independent Business (CFIB). It also pulls the covers off of the government's new so-called "Regulatory Modernization Council (RMC)".

In short, it shows that business is clearly in control of the Saskatchewan government. Do you know where that leads to? Deregulation, privatization, handing over billions of dollars of taxpayers money to corrupt corporations (i.e. Wall Street bailout), listeriosis deaths, pollution of our environment, for-profit health care, trade agreements that give away our sovereignty. The list is endless.

Sunday, 5 October 2008

The Golden Parachute Survives

There's an article which appears recently on truthout.org that comes from The Washington Independent entitled: The Golden Parachute Survives. The upshot of the article: The $700 billion Wall Street bail-out isn't all that it's cracked up to be.

The article starts out:

"The creators of the financial mess may go unpunished.

For supporters of the Bush administration's $700-billion Wall Street bailout, it stands as a key selling point: a provision that limits pay packages for the heads of companies helped by the taxpayer-funded rescue program.

There's just one problem: It would do little to cap executive pay or rein in the enormous retirement packages - the golden parachutes - that have come to symbolize corporate excess."
read more....

Democracy Watch Files Court Challenge of Prime Minister's Federal Election

On October 1, 2008 "Democracy Watch" released the details of an application that they filed in the Federal Court of Canada which challenges the legality of the October 14, 2008 federal election called by Prime Minister Stephen Harper and currently underway.