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Tuesday, March 17, 2009

World Events are Like a Dope Opera.

I am fascinated by a whole lot of individual stories floating around these days.

OBAMA IS AFTER THE BASTARDS OF THE UNIVERSE:
Obama will do whatever he can to frustrate the AIG bonuses. Good. How can it be sound corporate governance when you need $170B bailout and still thing the senior management in place was entitled to bonuses for good performance. Glad to see the NY AG is looking into this scam using a fraud lens. I am interested in the findings and applaud the initiative. Someone hast to rein in these Bastards of the Universe.


DOES MINISTER KNOW THE DIFFERENCE BETWEEN SCIENCE AND A SEANCE?
Harper’s Science Minister Gary Goodyear is being coy about his religious beliefs regarding evolution versus creationism. The natural vacuum he leaves with comments like “I’m not going to answer that question. I am a Christian, and I don’t think anybody asking a question about my religion is appropriate.” The question was not actually about his religion. It was about science and if he believed in evolution. To default to presume that this is about his religion and his bvelief in creationism provides us with the answer he tried to refuse to give. BTW, studies show 28% of Americans still believe the Sun revolves around Earth. What say you Minister Goodyear?

CRAMER CRASHES AND GET BURNED!
Mad Money Fiscal Infomercial Man - Cramer seems to have disappeared from the chat circuit ever since Jon Stewart eviscerated him on the Daily Show. CNBC says “In Cramer We Trust.” Must be very lonely for the CNBC promo people these days!

CONSERVATIVE PARTY INSTITUTES INCUMBENT PROTECTION PROGRAM:
The Globe and Mail Editorial today takes on the Conservative Party on its Incumbent Candidate Protection Program. Democracy suffers when control comes from the top like this and citizens are excluded even more from politics and policy issues Political parties in Canada have too much power and,as private clubs, they lack sufficient public accountability. They need fixing. The Liberals are not the only political party that is "broke." (sic)

OUR BANKS ARE BETTER - THE HAVE CASH & OPT TO REFUSE HARPER'S BAILOUT POLICY
I want to end with some good news. Canadians are “...becoming our grandparents: we’re starting to think in terms of savings” according to CBIC World Markets. The upside is the Canadian banking system has lots of cash and are relatively solvent. Savings are to the point the banks are refusing the Harper government’s offer from last October to buy up some risky mortgages with taxpayer money. “We actually don’t need a lot of funding right now” says a senior Big Five banker. All of the Canadian banks are pretty flush right now with cash.” Was Bush right when he said "Go Shopping" after 9/11? Is it time to borrow and start buying again Canada?

There is lots happening in the world. Most of it is either sad, scary or absurd. I wonder what George Carlin would be saying about the current state of these notions if he were still with us.