Faced with the prospect he can't deliver his consistently stated goal of ensuring no Conservatives are elected in Newfoundland and Labrador, Danny Williams shifted the goals of his Family Feud and completely reinvented what it was all about.
He did it a few weeks ago.
He repeated the completely rejigged goal of his ABC campaign and CBC is reporting the shift.
No one should be surprised.
It's part of the pattern.
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Memorial University economist Wade Locke:
"The price of oil has already averaged in excess of $110, $115 per barrel for the year so far, so even if the prices were to fall down to $10 per barrel, they would still meet their budget projections of $87 a barrel," Locke told CBC News on Monday.
"So the forecasts in the budget should still be fine. They should have a budget surplus even bigger than they what they had forecast."
Okay.
Let's see if that works out.
Given:
Therefore:
No matter how you slice it, that doesn't look like a surplus.
No matter how you slice it, that doesn't look like a larger surplus than the one supposedly forecast in the budget.
Anyone who wants to explain Locke's figuring or where the Bondable version is off is welcome to do so. Either add your comment to his post or send it by e-mail and we'll do it for you.
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Provincial acting fisheries minister Trevor Taylor is in a hard spot.
You can tell he's in a hard spot because in order to criticize a recent fish quota trade deal, Taylor wound up resorting to an argument favoured by people Taylor usually criticizes harshly, people like Gus Etchegary and Sue The Vanished Hydroqueen:
Taylor said the deal hearkens back to prior trade agreements, in which Canada traded its fisheries stocks for economic advantages.
Yes, it's a sign of complete bankruptcy when your argument is merely to repeat the same discredited fables as Gus, Sue and others.
Taylor called the deal tragic.
It's hard to see how it is tragic.
In exchange for allowing Americans to fish a portion of the Canadian quota for yellowtail flounder outside 200 miles, a portion not usually caught anyway, Canada gains. It gains because:
- the deal secures American support particularly for other conservation measures;
- the deal includes Canadian access to over 600 tons of deep water shrimp which will be fished by a Newfoundland and Labrador company (and processed in already under-utilized plants); and,
- the deal includes an increased by-catch for American plaice which will allow the Newfoundland and Labrador harvesters to fish the yellow-tail flounder quota more efficiently and to a greater extent.
Sadly, the fishery is as misunderstood as the offshore oil and gas industry. The result is that completely bogus arguments like the ones offered by Etchegary and Taylor are accepted as fact.
What is tragic is that Taylor is considering increasing plant capacity in a province in which there is way more capacity than existing quotas. Fish plant workers are making as little as $8,000 in some cases from their labour and must scramble to find other work in order to qualify for a pittance in employment insurance on top of that. The existing plants are in many respects nothing more than stamp factories and Taylor is seriously considering making a bad situation demonstrably worse.
Taylor and the cabinet to which he belongs know what needs to be done. They are - in effect - abrogating their responsibility to reorganize the fishery in a way that corrects the human tragedy and the economic tragedy in the province's fishery. Taylor and his colleagues are doing nothing more than following the less than sterling example of some recent fisheries ministers, like John Efford, who during his tenure increased the number of plant licenses and contributed to creating the current mess.
Such is the scope of the tragedy in the fishery.
Such is the scope of the tragedy that Taylor, who started his political career showing some promise, has become just another politician mucking about in the fishing industry for political purposes.
A shuffling of the province's cabinet will evidently produce no positive change in the province's fishing industry.
That's another sign of the tragedy.
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From Danny Williams comments on a voice of the cabinet minister call-in show on Sunday evening:
A couple of weeks ago when they were out in Harbour Grace, or Grace Harbour, as the Prime Minister referred the community to, you know, there was something came out of that whereby spokespeople for the Conservatives and for Mr. Manning came out and said that businesses were being threatened, that contracts were being threatened, that if people didn't vote ABC that our government was going to do something to them. CTV reported that and CTV actually had to retract that publicly on their network when it was found that those claims were unsubstantiated.
The original story is linked from this Bond Papers post: "Family Feud? Try blood feud."
Let's see if CTV and Bob Fife want to comment on this.
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Memorial University economist Wade Locke is back in the news and, not surprisingly he is saying things the provincial government will love.
Like his view of oil prices and the chances for a budget surplus bigger than the one forecast:
"The price of oil has already averaged in excess of $110, $115 per barrel for the year so far, so even if the prices were to fall down to $10 per barrel, they would still meet their budget projections of $87 a barrel," Locke told CBC News on Monday.
"So the forecasts in the budget should still be fine. They should have a budget surplus even bigger than they what they had forecast."
Perhaps Wade would like to actually, you know, read the budget estimates and see what the budget says about oil averaging 87 bucks a barrel and surpluses.
Wade also believes that the world has changed fundamentally - high demand and no new supply - such that oil will sell above US$90 a barrel way out into the future. In the short-term, - up to two years, according to Locke - they might dip but the long-term price will be high, higher and highest. Asked if he thought oil prices would go to ten bucks a barrel, Locke gave an emphatic "no".
Like we haven't heard that one being forecast before, based on the change in market fundamentals yada yada yada. There's likely tape somewhere of an economist telling us that there was absolutely no way oil would fall to $10 a barrel again; that would be right before it went to 12 and then eight bucks.
Uh huh.
Even the Lower Churchill will go ahead, completely unscathed by the tightening of world capital markets. No problems there at all. The future is bright, as Locke says.
Maybe someone should fire off a proposal to Trevor for some government cash to build a shades factory. Not Raybans or anything pedestrian but some unique NewfoundlandLabrador brand of sunglasses to keep the unique sun out of our unique as we go around under this amazing bubble of economic protection that evidently surrounds us.
Other places are falling victim to the global crisis but not here.
Economics is truly a dismal science. Aside from stating the obvious - that things will be unsettled in the next year or two - the rest of what Locke said was ultimately about as useful as something we'd get from Aline Chretien's confidant and her psychic alliance. No shame in that: none of us can predict the future with any accuracy. When we do get close it is often due more to blind luck than any insight or foresight.
Maybe to give a sense of Locke's analysis in the past though, perhaps we'll go back to his view of the Atlantic Accord when Danny was in full fight and Wade's view after the deal was inked.
Wee bit different.
But hey, at least we now know who Danny Williams turns to for economic advice and has been probably turning to for advice for some time.
Turns out it wasn't Sarah Palin after all.
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Danny Williams, from a call to voice of the cabinet minister's Sunday night call-in show:
Followed immediately by:And, you know, there are issues that are very, very important to Newfoundlanders and Labradorians and we look at the economy and we look at where the American economy is going and Minister Flaherty was on last week and the Prime Minister is out saying oh no, we don't have to worry in Canada, everything is fabulous, everything is wonderful. But, you know, we have to realize that, you know, we do have a direct link to that American economy and if that tanks at some point in time, then, you know, we are vulnerable.
Now that's not to say that, you know, there's going to be gloom and doom in Canada because Canada's fundamental are sound and I firmly believe that.
Well, there's a relief.
You know.
But it gets better.
You know.
Apparently, the province is somehow shielded from the goings-on in the world economy, even if, you know, we do have that direct link he mentioned and if that link "tanks" we would, you know, be vulnerable:
And on the other side of it, you know, from our own perspective, you know, our economy is strong, we're in a better position than we've ever been, we're also in a very good position now with the, you know, the international financial crisis that's underway. We now, for the first time in our lives, are in a bit of a financial bubble and that's a wonderful thing. We have that protection and the people of this province got the support of the provincial government.
The bubble seems to be some kind of magical Star Trek kinda thing:
But I do think that Newfoundland and Labrador is in a very, very good position. Hopefully our surpluses will continue, hopefully they'll get even larger, it will enable us to do the things that we've been doing. I mean this, for us this hasn't happened overnight. We've been preparing for this.
Ahhh.
We got surpluses and ones that Williams hopes will get bigger.
You know.
Unless that link thing "tanks".
That would be the completely imaginary surpluses, though.
You know.
Which would make the protective bubble surrounding the provincial economy more like The Bubble in St. John's harbour.
Well, not exactly, because apparently some things have been going on behind the doors of Confederation Building people would not be aware of.
Like, you know, building a war chest whatever that means:
You know, we've built a war chest and, as well, we've tried to move our debt down to get us in a good position so that if ever there was a very, very, very serious situation we'd have to take that debt back up again, but we'd have the ability to do it. But, you know, we've been really, very fiscally prudent and fiscally responsible.
Ahhh, again.
You know.
So there's great comfort for all of us because even though we are vulnerable, there is a bubble of some kind, consisting of imaginary surpluses and then there's the debt which has been moving down due to the really very fiscally prudent responsibleness so that - only if there was a very, very, very serious situation - we could drive the debt up again.
No word on what would happen if things only got very, very serious.
Or if that link thing tanking would be merely very serious, or if it would get enough veries to qualify for the debt growth bubble protection thing and then something else besides.
But anyway, we are vulnerable and then again, we aren't.
You know.
The debt has been going down.
Just like the chart at right shows.
If you hold it upside down, that is.
And it's not like we'd be planning on borrowing any more money in the meantime.
Like say for a major oil project.
Or a major hydroelectric project which the Premier said at the start of his call he had been busy working on.
A nine billion dollar project, which, if you notice, is actually more than the entire public debt load is currently.
Loyal Bond Papers readers will recall the idea of doubling the public debt being raised in January 2006. That would be, if you recall, long before there was any talk of a major economic downturn. When the downturn came a little closer to reality, the Premier was willing to acknowledge it would affect the Lower Churchill.
But then the Premier finished on a high note:
So, you know, Newfoundland and Labrador is very much on the move and so, you know, I'm pleased with the position we're in and I do think we're in a favoured position, to be quite honest with you.
To be quite honest, it is completely confusing to know that the province is vulnerable - as the Premier started out saying - and then to have him conclude by saying that this is a favoured position.
Up is down. Vulnerable is favourable. Deficits are surpluses.
It would be funny, if it wasn't all so very serious.
You know.
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Trevor Taylor, part-time substitute fisheries minister in the Provincial Conservative government has been busily ducking a looming issue in the fisheries world. In a system already grossly overstocked with processing capacity, Taylor's department has a recommendation under consideration to add a few more licenses.
The local CBC fisheries broadcast has been trying desperately to get Taylor on the air.
He's been unavailable.
Apparently, Trevor's been too busy campaigning against Fabian Manning, not in his free time or anything mind you but during the day time - normal government working hours - when one might expect he could have found a few hours to devote to his custodial responsibilities in the fish department.
Seems Trevor has been joined on the hustings by attorney general Jerome Kennedy and intergovernmental affairs genius Tom Hedderson.
You will recall Hedderson as the guy writing letters to Ottawa last June lobbying on a decision that was made...18 months earlier.
Trevor sees no problem with this carrying on partisan family fights during daylight hours.
Trevor also decided on Monday to issue a news release criticizing the federal government for a deal giving 1500 tonnes of yellowtail flounder from Canada's NAFO allocation to the Americans.
But sure Trevor and the boys are supporting the ABC campaign, you say.
Yes, sez your humble e-scribbler, but don't forget the real motivation for all these cabinet ministers to join in the Family Feud.
There's a big cabinet shuffle coming very shortly. Being seen out there hammering away at The Boss' favourite cause is much better for the old career path than spending time doing other things, like say the job you get paid to do.
Oh. That's right.
Trevor did find time in his hectic hectoring schedule to call the Fisheries Broadcast and do an interview.
But that was after one of his predecessors outed him on the Family Feud thing.
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Cute piece about Stephen Harper in Yarmouth Nova Scotia, a tickle in his throat and the side story about the different idiomatic expressions in English and French for the condition. Frog in the throat in English; cat in the throat in French. A cough, a chuckle and a gaggle of confuddled Francophone reporters who missed the almost gaffe
All that from an English language Canadian Press story carried by the Star online.
Mais, the readers of copy from La Presse Canadienne got an autre histoire.
Seems Harper was coughing.
He was also pretty clear that while he thought Acadians were lovely people he had no intention of introducing a motion in the Commons recognizing the Acadians as comprising a nation within Canada:
"Je n'ai pas l'intention de faire une motion à la Chambre des communes", a déclaré, hier, le chef Stephen Harper, lors d'un point de presse à Yarmouth, en Nouvelle-Écosse.
Harper couldn't have had a cat in his throat. The feline was too busy being set among the pigeons.
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As a rule, Canadian political campaigns don't make use of the available technology to reach voters.
They don't.
The national party websites are light years ahead of what goes on at the riding level, but even nationally, they aren't anywhere close to the Obama campaign and its new iPhone application.
Yes.
Barack Obama'[s people have introduced an application designed specifically for the iPhone. The app allows the user to build contact lists, keep track of campaign news, and send information out to their personal contacts.
The basic idea behind the app is simple. It's a way of letting individual voters help mobilize their friends. I love Obama. I go and get a few friends to vote Obama. Those friends are more likely to vote Obama because I am pushing it rather than because some dorky student from state u at butthole is sitting on their doorstep.
Social media used to send a message through social networks. Holy crap. That's exactly what this stuff is for!
And the psychology of it is as simple as it is brilliant as well.
In one app you get an answer to declining voter turn-out, voter tune-out, the shortage of volunteers all campaigns are experiencing and all the other woes of modern campaigning. Get the activists going and let them spread the word on your behalf.
The Obama app shows the way, but in order to grasp it, politicos will have to break out of their mental confinements.
And that, dear reader, is something for another post.
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Odds are you won't hear Newfoundland nationalists speaking too loudly about Iceland these days.
Not so very long ago it was a source of inspiration.
Iceland's prime minister and central bank officials held emergency talks on Sunday to deal with the country's growing economic problems.
That's just the latest effort.
But last week the Icelandic government nationalised Glitnir, one of its largest banks, and a large investment house collapsed. Now Kaupthing, Iceland's largest bank, is the focus of nervous investors, and the Icelandic krona plunged more than 20 per cent against the dollar last week as traders fretted about the implications of the bail-outs.
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The business world in a free market runs so extensively on psychology it's amazing that business schools around the world spend so much time on balance sheets, marketing and business plans.
Psychology is pretty much the reason why western government's responded to the American financial crisis with assurances that "the fundamentals" of the economy are sound.
However, in some instances, the efforts to describe the Canadian economy as somehow able to avoid any consequences of the move toward a recession south of the border became somewhat bizarre.
Take, for example, comments by Premier Danny Williams in an interview with the National Post:
"The fortunate thing about Newfoundland and Labrador and Saskatchewan in today's fragile economy is that our provinces are very, very well-positioned. We have strong economies, a lot of it based on natural resources, but we're going to weather this storm and weather it very well."
Finance minister Tom Marshall told reporters on several occasions that he doesn't see a problem find cash to build the Lower Churchill project. In other news stories, Marshall said he was concerned that lower oil prices would lower government revenues.
The Premier told VOCM listeners on Sunday night that the provincial "economy is growing very well." That isn't accurate. All economic forecasts - including the provincial government's own forecasts - show the province having incredibly modest growth. Some project the growth this year and next year will be scarcely above 1% and some have forecast growth at one half of one percent. That is as perilously close to a decline as it can get.
At the same time, European countries are taking action to bail out where necessary and take other actions to avoid repercussions from the American downturn. Odd is that, given that European countries are not as dependent as Canada generally or Newfoundland and Labrador specifically on the healthy American economy.
Iceland, once touted by some nationalists as a model for Newfoundland and Labrador to emulate, is in serious economic difficulty:
But in the financial world Iceland is now a hot topic of discussion for a different reason: many people suggest that it could become the “first national casualty” of the ongoing credit crunch. Until last year, Iceland’s economic track record in this decade had been phenomenal—its annual growth rate averaged close to four per cent over the past decade, and its per-capita gross national income is now higher than that of the U.S. This year, though, the country’s currency, the króna, has fallen twenty-two per cent against the euro; the economy has stagnated; and a global rating agency has put the nation’s three major banks on a credit watch. Now analysts are wondering whether the new Nordic Tiger will end up, instead, as “the Bear Stearns of the North Atlantic.”
Take, as but one example, an article from the weekend Globe and Mail. It included this comment one one manufacturer from Newfoundland and Labrador:
Mr. [Lorne] Janes, president of Newfoundland-based Continental Marble of Canada, is already getting the cold shoulder from his customers in Florida, Maryland and California. “The reply I'm getting now is, ‘Lorne, save the phone call, don't call any more until this sorts out,'” said Mr. Janes, whose 12-employee company manufactures equipment to produce moulded stone countertops.
Janes wouldn't be alone. A Bond Papers post from last July highlighted the extent to which the provincial economy is dependent on exports - especially energy exports - the majority of which heads to the United States. In 2005, the last year for which information is posted online at the provincial government website, 52% of international exports from Newfoundland and Labrador headed to the United States.
As the United States economy slows, the effects on Newfoundland and Labrador will be felt directly and in some instances very strongly:
The Newfoundland and Labrador economy is not immune from the effects of a serious downturn in the American economy. As much as politicians are tempted to say something different from that for political reasons, it would be far better to provide people with an accurate picture of the provincial economy and the interrelationship between international events and local economic well being.
The shock of finding out the truth if serious consequences follow will be far greater than if politicians didn't try to whistle a happy tune as they walk towards what - for some economic projects - might well be a graveyard of ambition. That shock will have far greater consequences than what would occur from telling it like it is right now.
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1. Palin: One too many pucks to the head. The Republicans were desperate enough when they nominated Sarah Palin for the veep spot on the Republican ticket. [Hint: Despite what it seems, HNGs are not really a big enough demographic to win an election on.] Now Palin is showing how completely wasted the GOP is, accusing Obama of "palling around with terrorists".
Palin's a self-described hockey mom. Maybe she's taken one too many pucks to the head.
2. Dippers lose a dipstick. Well, another dipstick, as in a candidate they should never have nominated in the first place. Yeppers. How many is that now?
3. Not really plagiarism this time. Stephen Harper says that he cribbed a couple of bits of a Mike Harris speech, but says what he used were "fairly standard" bits of political rhetoric.
Translation: "If we keep killing staff whenever I screw up there'll be no one left to follow my orders."
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Before someone gagged Ivan Morgan, he used to write the odd column - at the Herald and the now dead Independent - on local politics. He offered sometimes pithy observations, sometimes no so worthwhile thoughts.
Then someone laid a hand on his shoulder and told him to stop.
So he started writing about jam jams.
Back in the days when Ivan actually felt free to offer his opinion, he wrote an open letter to Ross Reid.
This was back in the days before October 2003 when all changed and Ivan it should be allowed was prepared to crown Danny the greatest ever long before the guy had a chance to warm the chairs on the 8th floor. Ross was doing good work overseas and Ivan felt the need to appeal to Ross' civic sense and ask the guy to come back and help keep an eye on Danny.
So your job...will be to keep a lid on Danny and his merry band. Take the edge off - so to speak.
There's a bit earlier on than that quote where Ivan talks about Tory insiders muttering darkly about Danny's "management style."
Odd how these things slip your mind until they magically appear in your inbox.
Click on the picture, right, and the thing will pop up large enough for you to read.
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Undoubtedly, Scott Andrews campaign took great heart this past week for stories running on CBC and in the Telegram about Fabian Manning and his expense accounts in the House of Assembly.
The race looks tight, according to an NTV/Telelink poll and those two stories might well look like the kind of ammunition needed to push Andrews into the lead.
They might.
But then again, they might not.
Here's why.
Firstly, the race in Avalon appears tight according to the NTV/Telelink poll. Given the relatively high undecided - 40% of respondents - it might look like pulling Andrews in front is within grasp.
However, the undecideds are likely made up of a huge number of Fabe fans who are right now either uncomfortable in saying who they will vote for or who genuinely are hung up about whether or not to vote.
Those people are necessarily winnable for the Andrews cause.
But they have to be won.
And that leads us to the second point: Andrews hasn't done anything to woo the undecideds.
Thus far, Andrews has run a flame-thrower of a campaign built almost entirely on attacks straight at Manning. Andrews has sucked the ABC tit harder than a cabinet minister looking for a new job in the upcoming shuffle. He's not getting any milk out though because the Family Feud nipple spews only bile. It's all negative, all the time.
The Family Feud gives nothing to which a voter can attach.
Take a listen to the Morning Show's candidate forum last Thursday and you'll see the point. [Part 1 and Part 2]
Andrews spent way too much time slicing into Manning personally in a high pitched and grating way. Who the heck could stand to listen to that for more than a few seconds?
The answer is no one and in the case of Morning Show listeners no one other than the handful of partisan loyalists and the masochists who just take anything political they can get regardless of what it is.
The rest of us would rather have been chained naked at Cape Spear with seagulls plucking out our eyeballs all the while enduring Slim Whitman's greatest hits at top volume rather than sit through one more second of Thursday's racket.
Take a look at Andrews' campaign website. Look as hard as you want and you will be hard pressed to find one single reason why anyone should vote for Andrews and the Liberal Party. There are plenty. Andrews just isn't intent, apparently, on letting on what they are.
Third, if you look at the Manning stories, you have a hard time finding something to get really annoyed at. In a case where the benchmarks were set by Tom Rideout and Walter Noel, Fabian Manning's handful of travel claims is hardly worth talking about. On top of that he paid back the secret bonus cash.
You don't have to like what Fabian did, but he is by far nowhere near the worst of the bunch, even if you take aside those facing criminal charges. Hey, it's not like even one of Andrews' staunchest supporters hasn't been known to change his mind completely on House of Assembly spending once the local Family head has pronounced on the matter.
How the heck will a Manning supporter react?
Even if Andrews wants to get indignant about Manning's spending, the story is still framed as what not to do. The Connie vote is suppressed enough; you can't suppress it more without risking post-traumatic stress disorder up and down the shore. What's missing is the stuff to pull voters in Andrews' direction.
So far he and his team haven't shown any signs of figuring that out.
Now, their hammering might work.
The odds are against it. No amount of wishing and hoping based on spewing and spraying has worked very well yet anywhere else.
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While the Conservatives race to cobble one together for release on Tuesday and Stephen Harper and finance leprechaun Jim Flaherty do their best Chip Diller impressions - all is well - at least one party actually has a plan to deal with the economy.
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Jack Layton, whose campaign signs are popping up all over St. John's South-Mount Pearl is coming back to campaign for Ryan Cleary, the guy running in Jack's place.
He'll be in St. John's this Sunday, October 5.
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First Howard.
Now Harris.
The press release compares the speaking notes used by Harris on December 4, 2002, which are posted on the website of the Montreal Economic Institute:
"Thinking about things from a new and different perspective is never easy. It takes courage, conviction and the strength to know that in taking a new and innovative course, you are making change for the better. Genuine leaders are the ones who do the right thing."
Two months later, on February 19, 2003, Harper gave a similar address in the House of Commons in response to the Liberal budget:
"Thinking about things from a new and different perspective is not about reading the polls and having focus group tests. It is never easy because it takes courage, conviction and the strength to know that taking a new and innovative course is going to make change for the better. Genuine leaders are the ones who do the right thing."
Holy crap. It doesn't look like Harper's had an original thought in his life.
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Now there's video of the Great Copiest.
In statement of claim against Altius in the ongoing legal battles over the second refinery proposed for a site near Come by Chance, BAE Newplan Group claims that three European backers of the NLRC project withdrew in 2007.
BAE Newplan is seeking damages, interest and court costs totaling $20,594,224.65 in a dispute over engineering and environmental work done for the proposed refinery.
Later in the statement of claim, BAE-Newplan further accuses Altius of not disclosing key information, including that three European investors had dropped out of the project last year, and that $30 million raised in a share offering by Altius Minerals in November 2007 would be used to construct integral parts for the NLRC refinery.
An earlier suit brought against the refinery company - NLRC - led the refinery proponents to seek bankruptcy protection. Altius is one of the major shareholders in NLRC.
NLRC claimed that the project was suffering financial problems due to the subprime crisis in the United States. It is unclear whether the European investors bailed in 2007, something that hasn't previously been reported by Altius or NLRC. The three investors are still listed on the NLRC website as of 03 October 2008.
Altius is a financing proponent on the provincial government's proposed Lower Churchill hydroelectric project.
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The ABC campaign is a Family Feud.
The Provincial Conservatives are sticking it to their federal brothers and sisters.
That's it.
That's all of it.
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