Petition to strengthen democracy in Newfoundland and Labrador, by someone named Ursula Dowler.
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The real political division in society is between authoritarians and libertarians.
Petition to strengthen democracy in Newfoundland and Labrador, by someone named Ursula Dowler.
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How very strange that Michael Ignatieff, the candidate who says the Liberal party needs to change, is the very guy looking to bar media access to a leadership candidate's debate in Mississaugua.
Red Tory's account is simple. Your humble e-scribbler has some slightly more detailed ones but they all fit in the same space:
Michael Ignatieff is the wrong person to lead the Liberal Party.
Period.
Looks like you'll be hearing that simple refrain quite a bit from this corner over the next few months.
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This effort to link Danny Williams and Barack Obama has reached some pretty silly points already.
First there was the rip-off/homage/"inspired by" video thingy using a speech Danny Williams delivered to a Tory fund raising dinner [c'mon ad agency video guys, who paid for the speech viddying in the first place?]
Now I.P. Freely, the low-rent local cross between "V" and Benny Hill is pushing posters, based on an iconic image of Obama, left.
Now it's not like this poster hasn't inspired some knock-offs already, including some truly fine ones.
It's just that surely someone can come up with an original idea, even if it is a parody.
What with the official government pollster in the field and what with a video taken at the Provincial Conservative $500 a plate fundraiser circulating (who paid for the video gig, guys?), don't believe for one second that it hasn't gone unnoticed among the thumb clickers on the Hill that the initial "Danny did it" spin on the Inco smelter story is pretty much dead.
It wouldn't be surprising to find that one entire office-load of Blackberries has been sent back for replacement what with the buttons pressed through the casing from all the frantic texting that is surely going on. It's not like they didn't organize one of the most intense pitcher plant deployments in over a year to try and forestall any possible slippage in the numbers collected by the official government pollster.
The pitcher plant story line got right down to Bill Rowe and the infamous Tony sharing their beliefs that had the entire Voisey's Bay deal from start to finish was, in point of fact, due entirely, solely, totally and utterly due to the singular magnificence unprecedented on the planet of the guy who paid Bill Rowe's tab in Ottawa.
But no matter how hard they tried to drown it, the truth about Voisey's Bay surfaced and people acknowledged that the Voisey's Bay was a good thing and the Premier really had very little to do with it then or now.
Even Roger Grimes got in a few licks of his own in the process:
"It was a good deal for Newfoundland and Labrador from start to finish, regardless of what the Opposition was trying to say," he said.
"Mainly, Danny Williams [was] trying to suggest it was full of loopholes and so on, which has proven so far definitely not to be true," Grimes said.
Not true?
That's putting it mildly.
The better part of seven years after he first started talking about loopholes and problems neither Danny Williams nor his deputy nor anyone else has shown the loopholes, problems or other weak spots in the Voisey's Bay deal Danny Williams claimed were there.
That's because - evidently - they don't exist.
If they did, Danny Williams would produce them.
Ultimately, that is the giant bluff that wound up being called this week much to the chagrin of Bill, Tony and bunch of others.
And all those thumb clickers, they discovered that no matter how hard you press those keys, eventually the truth gets out.
People understand that stuff you pay for that says you did a good job is nowhere near as persuasive or gratifying as having people - of their own accord - tell you that in hindsight you were right and they were wrong.
They can press your thumbs as hard as they like and you can't change that.
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From the Globe and Mail editorial on Friday:
In his somewhat ruthless takeover of much of his party's organization, Mr. Ignatieff has also demonstrated a knack for the more hard-nosed aspects of party politics – or at least the ability to attract organizers and backroom veterans capable of doing the heavy lifting. Among Mr. Dion's many problems was an inability to rally his party behind him; Mr. Ignatieff, who seems to be amassing high-profile supporters by the day, would be less likely to suffer that fate.
Now this takeover didn't happen within the past couple of days. It must have happened over the past couple of years. That is, Iggy's crew had to take over key positions while Dion was still leader.
And if that's the case, little surprise then that Dion had an "inability to rally his party behind him".
And if that's the case, then it's little surprise that the party didn't do very well at the polls recently what with all the Iggy people in charge of everything and their not really convinced of Dion's leadership in the first place.
Might that explain some candidates less than enthusiastic performance during the election, including turning up as star players in Conservative attack releases?
Hmmm.
Something didn't add up all along.
But it's starting to.
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While rookie member of parliament Siobhan Coady leaped past considerably more experienced caucus mates to get a post as the fisheries and oceans critic (and good on her), the last Dion shadow cabinet seems to be a case of sticking the Newfoundlander in charge of the fish.
Sure Coady has a family business in the fishery and therefore knows something about things that live in the ocean and the people who make a living - such as it is in most cases - from it.
But for far too long, Newfoundland and Labrador has been politically regarded as the home of fish and whine.
Count up the number of times fisheries and oceans in any party has gone to a Newfoundlander since 1949 either as minister or as an opposition critic. You'll quickly get the point.
There are more than a few substantive problems with this of course.
First, there is an inherent conflict of interest in putting in charge of the fisheries department a politician with ties to the fishing industry. That no one seems bothered by this is a sign that the fishing industry has no political clout in the country even though it is a significant economic sector in several provinces.
Second, there is an even greater conflict created by putting in charge of fisheries (or acting as the critic) any politician from a province where the fishery is less a business than a Frankenstein exercise in social engineering.
The tinfoil hat brigade, the anti-Confederate sasquatch hunters will leap forward to blame the evil machinations of "Ottawa" for the plight of the local industry. The sad reality is that the current mess is entirely the construction of the political, social and business interests of Newfoundland and Labrador, over successive generations, who have forestalled, undermined and otherwise opposed any real and positive reform.
In Newfoundland and Labrador, the fishery is a cult. As with any cult, it has its high priests who will rush to the temple altar - in this case the local open line shows and fisheries broadcast - to declare any reformer as a traitor, as a heretic. It is an inbred cult where satisfaction comes from shagging your own. Onlookers are distracted from the spectacle by the claim that outsiders have covetous designs on the defiled or that foreigners need to be driven from what is left of the sanctuary.
Of course, there is also the third problem, namely the perpetual death struggle between local and national politicians. Williams penchant for whining and his love of personal attacks first on Loyola Hearn and then Fabian Manning, only added to the problem lately and gave the Conservative death struggle its unique characteristics. Theirs is just the latest racket, though, in what has been, essentially, an interminable struggle.
Consider, if you will, two groups of politicians sitting in a meeting room, discussing not how best to help unshackle the legion of wage-slaves chained to the splitting tables, but rather jockeying to avoid being the one to take the political flack from the cultists.
If any political party in Canada had any real interest in the people involved in the fishery, they would never appoint anyone from this province to serve as fisheries minister or as critic of the department. Nor would they appoint someone from a neighbouring fisheries provinces who does little more than mouth the worship words of the local cultists.
And if any politician from this province wanted to do anything for the fishery other than perpetuate the misery in it, he or she would refuse any political responsibility for it either in cabinet or opposition. Better leave the job to someone not already seduced by the cultists.
Sadly, in the the New Democratic opposition and now the Liberal shadow cabinet, we have the same old cycle repeating itself once again.
As far as this appointment goes, Siobhan Coady has done alright for herself; it's quite a plum and we get a fresh face on the scene.
But for the fishery?
We'd venture there'll just be more of the same.
Wait.
What's that on the wind?
Could it be a news release on custodial management?
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From a news release by government House leader Joan Burke in an announcement that the provincial legislature would re-open for its fall sitting on November 25th:
The sitting of the legislature is an important part of our democratic process.
Yes it is.
Well, it would be if the opposition didn't have to shame Burke into making an announcement. In past years, the party house leaders shared information informally so that they could be properly prepared to engage in, as Burke puts it, "productive session with respectful and healthy debate on the legislative agenda". That's a pattern of non-partisan co-operation that dates back decades in the legislature.
Word from the hallways of the legislature is that so far Burke has shown her opposition counterparts the same regard as she's given to the Memorial University Act, the Memorial University board of regents and senate and university president Eddy Campbell. Her approach so far is pretty much in keeping with her small-minded approach to funding the opposition parties, well at least the Liberal one.
No indication would she give of when the House would open and so far no advance warning, in confidence, of what general areas would be coming up for debate. No indication that is until after opposition House leader Kelvin Parsons issued a news release pointing to "a continuous trend developing in this province that our current government will wait until the absolute last minute to open the legislature and then rush towards closure in the shortest time possible."
Still no word on the legislative agenda apparently nd Parsons is likely not holding his breath. Burke will probably let him know a couple of days beforehand.
Seems that Burke is playing the petty partisan game just as roughly as her boss does, but then again, contempt - whether for the traditions of the House or the legislature itself - is a hallmark of the current administration since it first took the government benches in 2003.
That's what makes Burke's references to the democratic process such a nose puller.
Expect the session to be shorter than normal, since the opposition is likely going to be pushing the government hard. Under the circumstances, given the stress from the financial hard times cabinet is wrestling with and given that Burke herself will come under scrutiny for her hand in the Memorial University mess, the government's real lack of regard for the legislature and the democratic process will shine through.
After all, that's what happened in December 2006 when they last faced some serious problems.
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From a comment by Wallace Ryan on a cbc.ca/nl story:
Despite the ugly words of Canadians, Newfoundlanders and Labradorians are finally closer to our dream of returning to those pre-WWI days when we were a rich nation full of promise and bravery.
I think it's time for us to reassert our nationhood and reclaim our heritage that has been sullied too long by Canadians. The only way we are to survive the demographic time bomb that threatens to make Newfoundland and Labrador second class citizens in this supposedly equal confederation is to reconstitute ourselves as an independent nation.
I'm sick of hearing our proud people maligned and mocked by our so-called fellow Canadians. I'm not a Canadian. I'm a proud citizen of the nation of Newfoundland and Labrador.
Free Newfoundland and Labrador.
Vive Newfoundland et Labrador Libre!
Ah yes, the glorious days before the Great War.
Political corruption, religious segregation, poverty, disease, health care and education that rivaled anything found in a modern underdeveloped country.
Such a glorious place that a huge portion of the first volunteers were rejected because they did not meet the minimum requirements of being 5 ft 2 inches in height with a chest measurement of 35 inches.
Sheer heaven!
We must free Newfoundland.
We must free it, that is, of such unashamed ignorance.
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A Lockheed Aircraft video of launch and recovery trials of a modified Marine Corps KC-130F Hercules on the aircraft carrier U.S.S. Forrestal (CVA-59).
This gives new meaning to carrier on-board delivery.
Only a few short weeks ago, Premier Danny Williams was claiming that Newfoundland and Labrador would be largely immune from the global economic crisis because it was protected by some sort of magical fiscal bubble.
On Thursday, Williams acknowledged that the bubble burst:
"But going out next year [2009] and the years forward … once you get into the $60 range, then you are starting to look at deficit situations."
Of course to anyone paying attention, Williams' magical bubble claim was preposterous:
New wells at White Rose and Hibernia will not restore oil output to the peak level, no matter what the price. Rather it merely slows the rate of decline.
Hebron is not around the corner. Even if it is sanctioned within the next twelve months, Hebron will not come on stream until sometime after 2018. At that point, it will merely replace White Rose, Terra Nova and Hibernia which by that time will have ceased production or be on the verge of being tapped out. One field cannot replace three.
Of course, we are already looking at deficits on a cash basis. Bond Papers readers have known that for months. There have been a series of posts highlighting economic forecasts of extremely poor growth in gross domestic product, forecasts that have only forecast even further shrinkage in the economy.
On top of that, however, several specific posts addressed in detail the factors contributing to the current and future economic problems to be faced:
That last one is only one major item which will add to the provincial government's financial burden. The money needed for the 5% shares of Hebron and White Rose, and possibly for a 10% share of Hibernia South will have to be borrowed, either from lenders or from the other partners. That debt is not optional any more and in the case of Hebron, there will be no revenue for at least a decade from that project which would make the debt self-sustaining.
Any cuts to government spending in the coming months and years will further tighten the local economy and consumer spending. The St. John's housing market, for example, is enjoying a boom built almost entirely on public spending. Some have credited projects like Hebron but since that project doesn't exist yet, it's hard for it to generate anything but marginal economic activity.
Nor has the St. John's market, for example, been buoyed by remittance workers. Some of the boom can be traced to that source but the major beneficiaries of migrant labour revenue have been in areas like Stephenville or the Great Northern Peninsula. St. John's remains a company town and the company is the provincial government. Hack its spending, either in salaries, programs or capital works and you hack into the local service and retail sectors. Hack into those sectors and consumer spending, another staple of government revenue, will decline as well.
Nor can the provincial government look to other construction projects to boost the economy. NLRC's refinery is dead. The gas facility is rumoured to be still on track but until sod is broken, it remains nothing more than speculation. Harvest Energy's expansion at Come by Chance has been shelved. The Lower Churchill project is also more talk than reality.
More than anything, the looming provincial government financial mess should put paid to the fairy tale that the current administration practices anything looking like prudent fiscal management. To the contrary, it has shown repeatedly that there is little if any strategic planning to its spending beyond the need to present the best face to the polls or to have spending match income.
The current administration ignored any criticisms of its approach and specifically. It emphatically rejected constructive alternatives to its spend-happy approach such as creating an investment fund from some non-renewable resource revenues.
A former finance minister once forecast annual deficits of a half billion dollars a year. His successor borrowed $1.0 billion to fund public sector pensions. The Premier himself committed to meet any future deficits with increased public debt.
By all appearances, he will get his wish.
The people of Newfoundland and Labrador will get the bill.
It didn't have to be this way.
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The wrong candidate the last time.
The wrong candidate this time.
The wrong candidate any time.
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ALCOA, the company that retained a lobbyist for two years on the Lower Churchill project, is slashing another 350,000 tonnes from its production in light of declining global demand for aluminum.
That brings the total ALCOA reduction to 615,000 tonnes this year, or 15% of the company's total production capacity.
Rio Tinto is reconsidering an $11 billion project in Saudi Arabia and Vale is also cutting output.
Aluminum prices have plummeted by more than 40 per cent to around $1,995 a tonne on the London Metal Exchange since July as demand from industries as far afield as aerospace and soda cans has shrivelled up.
Inventories held in LME warehouses have ballooned to 1.55 million tonnes, equivalent to more than half the yearly output of Australia, a major supplier.
“Cuts, such as the one by Alcoa, and the Chinese stimulus package, could help the market, but it will take time to work off the massive inventory build-ups,” Investec Resources analyst Darren Heathcoate said.
All of this pretty much makes speculation about an aluminum smelter for Labrador seem pretty far fetched.
Well, far fetched to people who aren't wearing tin foil hats.
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Remember the three great statements people said but no one believed?
Well, add a new one to that: the "we don't have a quorum" excuse for cancelling a meeting that every single member knew about weeks ago and committed to attend.
We know they committed to attend because the news release announcing the meeting was issued just this past Monday.
The problem seems to be on the government side. The last meeting turned into a political fiasco - a national political fiasco - with the three Provincial Conservatives following orders and playing the pettiest of petty politics with funding for the official opposition.
That bit of nastiness happened when the official government pollster - Corporate Research Associates - was doing other things so maybe given that CRA is in the field as we speak, the government members don't want anything but the happiest of happy news out there to upset the polling.
We should at least we should be grateful they used the quorum nonsense. They might have said they couldn't have a meeting because Trevor had to wash his hair that afternoon.
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Brent crude - the benchmark for Newfoundland and Labrador's offshore light sweet - is trading at US$53.10 at 2:30 Eastern time.
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Vale Inco will build a smelter at Long Harbour, as the company announced in its October 16 capital expenditure report and as Bond Papers told you last week (Friday to be precise).
The new smelter will use hydromet technology and will be finished by 2011.
The provincial government issued a news release on Wednesday - now that November polling season is under way - even though the information came from Vale Inco on Friday of last week (read the news release !).
The new facility will deliver about 5,000 per years of construction employment and 450 jobs annually.
On top of that the provincial government forecasts the value of the Voisey's Bay project at $20.7 billion.
Not bad for an agreement the Premier used to say had holes in it so big you could drive a truck through them.
The announcement last month confirms that in January 2007, as reported by the Toronto Star, Vale Inco was looking to fast track Long Harbour to have it in service before 2011.
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When Brian Peckford and Clyde Wells spoke of getting the provincial government off Equalization, they understood that such a development would merely reflect a greater strengthening of the provincial economy and society. Their policies and those of successive administrations aimed at economic development and diversification which would deliver a stronger economy that would in turn create wealth for Newfoundlanders and Labradorians.
The current state of affairs in Newfoundland and Labrador reflects more the result of those policies coupled with the unexpected good fortune of global economic conditions than it does a sustained commitment by the provincial government to implementing coherent strategies.
The following series of posts will offer 15 ideas on different areas of social, political and economic affairs aimed at strengthening Newfoundland and Labrador.
1. Reduce the public debt by 50% within 10 years. Beginning in the early 1990s, successive administrations restructured public borrowings to convert debt held in foreign currency. As a result, the current burden on the treasury is significantly reduced and uncertainty due to currency fluctuations has been all but eliminated.
Since 2003, the accumulated borrowings of the provincial government and its agencies has grown and the current government commitment is to increase public debt to meet any unforeseen needs. Direct debt had actually declined before 2003.
Debt servicing costs - paying only the interest on the debt - is one of the largest amounts spent by government annually. Paying down debt frees up more money to spend on needed programs and services and improves the ability of government to meet any economic downturns without resorting to borrowing.
2. Balance the books, every year. Government surpluses in recent years have been built on the blind good fortune of astronomical oil prices. Those prices are an unreliable source of cash. On a cash basis, the provincial government has actually been in debt each year since 2005. That means new borrowing to add to the burden of public debt.
Balancing the books is possible. It just needs the political will to do it.
3. Limit annual spending increases to the rate of inflation. Provincial government spending has increased by as much as seven times the annual rate of inflation in each of the last three years. That's unsustainable in the long run and with the current economic crisis, the excesses of the past three years are about to catch up to everyone.
Limiting spending to the rate of inflations allows for natural increases and commits government to eliminate unnecessary, ineffective or wasteful spending.
4. Make non-renewable resources revenues a long term benefit by creating an investment fund, paying down debt and funding infrastructure.
5. Ensure that any new programs can be funded within the spending limits for annual increases and anticipated revenues. Review existing programs annually to ensure they meet objectives and are run as efficiently and effectively as possible.
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St. John's deputy mayor Ron Ellsworth is showing that talk is cheap.
In his case, that would be his own talk about greater openness in the city's budget process and his most recent campaign promise to get the city back to basics.
Ellsworth is a relative newbie to politics having been elected first in 2005 as a ward councilor, but so far his public comments have been more like a veteran of the uncommunication school. Take, for example, his comment on postponement of a curbside recycling program - about as basic as it gets these days - due to an apparent lack of cash:
"We have to make tough decisions on tough issues, and this is one example of that happening," Ellsworth said in an interview.
"I'm not very happy about what we've had to decide to do, but the reality is that we do have limitations and when we have budget constraints like this, the first thing we look at is new programs."
Ah yes. Tough decisions. On Friday when this story broke, he was pushing the "opportunity" offered by this delay. Now it's the tough decisions.
Then he played the empathy card, followed by the admonition to speak out:
"I understand the frustration and concern by those that are very close to environmental issues. ... They should make their voices known."
He understands the frustration - but with what he is not clear - but that, quite obviously, won't change his mind since these are tough decisions that have already been made.
And speaking out is all fine but sadly, Ellsworth - as chair of the city finance committee - has been way less than forthcoming with any concrete information about the city's finances. Oh yes, and the tough decision has already been made, in case you missed that.
Ellsworth gave absolute no information to CBC Radio on Friday morning past, even when the interviewer gifted him with a chance. He fell back on the "opportunities" crap. Then there were figures coming from somewhere about a seven million dollar shortfall and one million to implement the program. This evenings' news referred to three million for implementation.
It almost goes without saying that the numbers don't add up.
Ellsworth spent some time taking calls from residents on Monday on a CBC call-in show. They weren't happy. There's nothing for them to be happy about, especially considering that one of Ellsworth's lines has been that the public expect council to manage public money wisely.
Sure they do.
But what Ellsworth is missing is that voters in St. John's are increasingly unsatisfied with politicians who pay only lip service to ideas like openness and focusing on the basics. They expect action.
To voters, managing money wisely would not mean boosting the subsidy to something that isn't a core city service - i.e. Mile One - over the past two years by the amount Ellsworth has said the recycling program needs in start-up cash. Bond Papers readers will recall that these subsidies have been unpopular around these parts. To voters, basics would include recycling.
To voters openness means giving basic information and it goes along with the inclusiveness of asking voters for their views before making a decision about how to spend their money. They know Ellsworth's track record on openness isn't a good one.
While it would be tempting to just throw up ones hands in frustration, or to dismiss Ellsworth as a lost cause, he still has an opportunity to bring his words and his actions into line.
First, he can put the city's financial information in public. He has that ability as deputy mayor. He can give the public a real chance to review the city's plans and voice their concerns. If need be, council can reverse it's recycling decision.
After all, if the city's habit of overspending is as bad as Ellsworth claims, there simply won't be cash in two years to implement this basic recycling program. And if he has really been the voice of reason and fiscal responsibility then the voters will back him against his supposedly free-spending colleagues.
Second, city council needs to bring in the auditor general to review the books. He may well uncover some little secrets that need to be aired out if the city's finances are to be put on the right track. An audit by the province's financial watchdog will at the very least give everyone a common basis for discussion.
Now if none of that happens, Ellsworth and his colleagues run the risk that come next fall, voters won't be pleased. They'll be in a mood to throw the bums out, as the saying goes.
Ellsworth and his colleagues can change now or they can let the voters make the change next fall.
Actions do speak louder than words, and voters are judging Ellsworth and his colleagues by their actions.
As he heard to day, they've been measured and found sorely wanting.
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There's a fine line between an homage and a blatant rip-off of an idea.
In this case, a video produced by local advertising company Bristol is pretty much a giant rip of a recent video by Will.I.Am based on a speech by Barack Obama.
The rip-off in this case goes beyond merely aping the style of the Obama video. It twists and distorts the fundamentally uplifting qualities of the Will.I.Am and Obama originals in a way that would be funny were the issues it raises not so serious.
Recall that Yes, we can! used an Obama speech, set to music and repeated by a host of musicians and actors. The Obama speech is as fine an example of public oratory as anyone on the planet has seen in a generation. It is delivered in characteristic Obama style and it's message is fundamentally one designed to bring people together in a united effort to bring about fundamental change in their country and in the world.
Listen to the words: Yes we can to prosperity and opportunity. Yes we can heal this nation.
By stark contrast, the recent speech by Danny Williams is one his vintage speeches of personal pride and division. The province and its people are a backdrop. The video reflects that, of course, by using Williams extensively. The only other people in the video are - as with the woman inserted in a still picture - in the background.
Even the Obama title itself - Yes, we can - is a positive, inclusive reinforcement of the defining feature of the Obama campaign: a movement of unity. Yes we have cannot be heard without understanding that, as the news stories of recent days conveys, others do not.
The Bristol rip-off starts, as with the Williams speech, with a toast, a celebration of triumph. It includes right behind it a clear sign that this is a triumph over others: who in their wildest dreams would have believed, we are told, that we would be "as good or better off than any other province." We know what we are fighting for, we hear yet again as if there is a renewed call to arms to be found in having the provincial government go off Equalization.
Of course, this is not the first time a stirring speech born of the politics of hope and unity has been twisted to serve the politics of division. In his acceptance speech at the 2001 Provincial Conservative convention, Danny Williams turned John Kennedy's clarion call to public service into something entirely self-interested:
John F. Kennedy said: "Ask not what your country can do for you but what you can do for your country."
I say to Newfoundlanders and Labradorians: "Ask not what we can do for our country, because we have done enough. Let's ask our country what they can do for us."
In Newfoundland and Labrador, the ignoble politics of division rears its misshapen, misbegotten head once more.
Our country requires more than ever a renewal of hope among all Canadians for a future built on shared values and shared purpose. Our province and its people need the assurance that "have" status is built on the wealth and prosperity of the people who live and work here, not on the blind luck of high oil prices.
We do not need more of the anger that has characterized the past seven years of public rhetoric. No one needs to hear, even by implication, of the value of fighting.
Barack Obama's recent victory shows the power of hope and unity, of the unmistakable power of a style of politics which calls upon the very best qualities of the human spirit.
McCain and the Republicans tried what has become the international conservative stock and trade: fear and division.
Whatever led Bristol and its associates to produce this video, it should stand as an example of how much the relentless messages of strife have weakened the foundation on which our society is built.
We must wait, evidently, for an awakening within individual Newfoundlanders and Labradorians that what we need to have is a rekindling of the optimism, the abundance of hope and the compassion in our souls that we had, not so very long ago, and in far darker economic times than the one we now face.
Only with those values in our hearts will have not truly be no more.
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Robert Zoellick, head of the World Bank, is warning that the global credit crisis threatens to become a human crisis.
One of the most likely affected will be remittance workers, people from underdeveloped regions and countries who work in more affluent places and ship large portions of their wages home to support families.
Closer to home remittance workers and migrant labourers working in Alberta and elsewhere in Canada - largely responsible for the recent economic boon of regions like Stephenville and the Great Northern Peninsula - may soon have less money to send back or may be heading home looking for work where work simply doesn't exist.
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