Connies and "stimulus"

According to the parliamentary budget officer, capital works projects funded by the federal government's stimulus program are far enough behind that some of the provinces and cities might lose out on the promised cash from Ottawa.

According the PBO report, an optimistic projection would see all projects finished on time, a middle scenario would see 936 projects unfinished by the deadline resulting in $293-million or 7.3 per cent of infrastructure stimulus money going unspent. A pessimistic scenario would see 1,814 projects missing the deadline, resulting in $500-million - or 12.5 per cent - of the infrastructure stimulus lapsing.

Meanwhile in the easternmost province, a Reform-based Conbservative Party has consistently had trouble delivering everything from capital works to legislation. Cost over-runs are now the norm.

And if that wasn't bad enough,almost half of their "stimulus" was actually old stuff already underway.

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AbitibiBowater creditors meeting

10:00 AM Eastern Time, September 14, 2010 at the Hilton Montreal Bonaventure.

Big ad in the business section of the Monday Globe and Mail.

Will the provincial government be there?

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NALCOR: the power of constipation

Supposedly all we need is to know that the provincial government’s energy corporation, d.b.a. NALCOR, is “aligned” and will take all the time it needs in order to arrive at a “quality decision” on whether or not to install emission control equipment on its diesel generating plant at Holyrood.

For now, let’s leave three things out of this discussion.

First, this isn’t the place to rehash the nonsense which is NALCOR’s two, inherently contradictory position on Holyrood.

Second, and related to that, let’s not draw too much attention to the fact that NALCOR chief executive Ed Martin’s proposed solution to the $600 million cost of cleaning up Holyrood’s act is a multi-billion dollar pair of hydroelectric dams in Labrador and a giant set of power lines, the lines by themselves estimated to cost more than three times the scrubber cost, that will stretch out to the Avalon.

And third, let’s not note that NALCOR’s own capital plant maintains that Holyrood will have to continue running for the next two decades at at least one quarter to one third its capacity.  In other words, it won’t be shutting down at all.  As such, NALCOR will have to spend the $600 million or so in order to reduce noxious emissions from the plant regardless of whether the Great White Whale gets built or not.

Why Ed Martin and his boss, the Old Man, continue to pack around about this and bullshit the people of the province is beyond rational comprehension.

Instead of that, let us focus Martin’s suggestion that maybe some new types of generation might allow NALCOR the dirty power at Holyrood with some nice clean stuff. That might be cheaper, sez Martin than the environmental cleaners.

For starters, Martin is already sitting on juice to help replace Holyrood.  He got it as a gift from Danny in December 2008.  The only problem – apparently  - is that the interconnection between the Avalon and the rest of the island cannot carry the whole load. 

NALCOR needs some cash to make things happen. NALCOR has the cash, of course, or the capacity to borrow it, thanks to some generous gifts of public money  - yours and mine – courtesy of the Old Man and his crowd. The company is in a nifty position, frankly, since they get to play at being an oil company without having to pay all the costs.  NALCOR won’t pay the owners of the resource  - you and me - a penny in royalty for the oil we’ve given then.  We get the liability and the cost.  Martin and his crowd get the cash.

Pretty sweet deal, if anyone is asking.  And frankly, given the generosity of the current administration with resources and cash – yours and mine - it wouldn’t be too much if you and me expected Martin to install the cleansers and the new line most ricky tick.  He can spare us the bullshit and just get on with the job.

But it is when Martin mentions wind energy that he turns from a purveyor of  annoying bullshit to profound disingenuousness.

As Martin knows, this province has the smallest amount of wind power installed or under development of any province in the country.  It is a mere 54 megawatts in two sites. Tiny Prince Edward Island has more than twice that already on the go.  In short, this province, the one the Old Man and his retinue proclaim as a current and future energy warehouse is so far back in the field that it is not even close to being able to see the far distant ass the of the last place contender for the Crown.

There are two reasons for that.  Assuming that Martin read the Lower Churchill environmental applications he already knows that there is actually no reason to build the LC if the main reason is shipping power to St. John’s.  There’s really no need for additional generating capacity and, as it stands, NALCOR can now reduce Holyrood to virtually nil capacity.

As for the rest of the province, that is, the largest bit of it, the reason there are no wind farms under consideration is simply because NALCOR and the province don’t want them.  Official government policy subordinates any new generation, from small hydro to wind, to the Great White Whale project.

Put another way, innovation is dead as a doornail in Newfoundland and Labrador. The provincial government’s energy policy is working against the best interests of the people of the province.

Ed Martin’s comments to CBC recently could just as easily have been summarised with a parody of the old Mexican bandito line:  “Innovation?  We dun need no stinkin’ innovation.” Martin merely affirmed the power of constipation that afflicts the administration and its energy company, at least when it comes to innovation and energy.

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Connies, pork and electoral ridings

On the federal level, the Globe and Mail reports that the federal Conservatives directed federal spending cash from the stimulus program heavily toward battleground ridings.

Wow.

Connies, pork, patronage and polls all tied together.

Quel surprise.

Meanwhile, in a small province to the east ruled by a Reform-based Conservative Party,  nothing could be further from the truth.

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Telly Torques Tourism: one story, two headlines

Submitted for your approval:  the same story with two headlines. 

“Northern peninsula needs to spark interest: group” as the Telegram put it.

Ho hum.

But what about ‘Tourism association looking for ways to battle drop in visitors” as you find it in Western Star?

This is a good an example as one will find of an editor sticking a headline on a story that doesn’t match the story underneath. Sometimes it is the result of unadulterated stunnedness.  Sometimes, it is deliberate.

The telegram headline makes it sound like the Viking Trail Association just needs to pull up its socks and do better.  But the actual story includes this comment from Barbara Genge of the Viking Trail Tourism Association:

The Northern Peninsula falls under the umbrella of the Western Destination Marketing Organization, which is a setup Genge says has expectedly seen a drop in marketing funds specifically to the region. Since they are one piece of the whole western region, she says they are competing with other areas for what is available.

In order words, the Viking association is losing out to other more populous areas or ones led by people with more clout.  A UNESCO World Heritage site may be getting short-shrift.

The Telegram headline covers up a far more intriguing and complex tale. The Western Star – where the story originated – actually got it right.

And the story actually includes a balancing view from the umbrella tourism association.  Mike* Clewer, executive director of  WDMO told the Star:

“We have limited resources, both financially and in human terms, and we try and do the best we can, which is to work with groups like that who are trying to help themselves,” Clewer said.

But none of this is as devoid of flavour as the Telegram would have you believe.  It’s almost like they were trying to make you skip over it.

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* Mike, not Mark.

Telly Torque: fact checking edition

A Telegram story on local bloggers includes this statement of supposed fact:

Blogs have been discredited by mainstream media because their content generally doesn’t go through as rigorous an editing or fact-checking process as you’d see at an official news organization.  Theoretically, you can say anything, regardless of veracity, provided it isn’t legally problematic.

Funny thing is this statement is complete, total crap.

It is incorrect, inaccurate, non-factual and generally a false statement.

The Telegram writer doesn’t offer a shred of evidence to support it.  Of course, it’s the kind of ridiculous generalisation for which there is no evidence. It is not actually a fact but an opinion.

And, in case you missed the point, it is an opinion based on no known facts of any sort.

For all that, the comment made it into print after passing through a supposedly rigorous process of editing or fact-checking.at the Telegram, a reputedly official news organization.

Score another one for the mainstream.

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Anatomy 101 #fail

Sometimes people can get a bit buggered up in their discussion of technical issues.
Like for instance, the hot subject of "liberation therapy" as a treatment some people are proposing for multiple sclerosis.  This involves inserting a small balloon into veins at the back of the neck in order to open up the blood vessels and allow greater blood flow.
Here's how one blogger described it recently:

Unlike angioplasty liberation treatment goes deeper into the veins in patients heads than typical angioplasty

The procedure involves a small incision in the groin to insert a catheter into the blocked vein that is opened with a small balloon.

That is exactly how it appeared, dropped punctuation and all. Deeper in the patient's head apparently involved going "in the groin". Let's leave aside entirely the definition of what angioplasty is and hence what "typical angioplasty" might be.

Let's just look at the description of heads and groins.

Now your humble e-scribbler is not a doctor, nor does he even play one on television.  Yet at the same time, this connection of the head, neck and groin by the unnamed blogger appears to be something of  an epic failure of basic human anatomy.

Well, that is unless he thinks peoples' heads are supposed to be up their asses.

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Traffic Drivers, August 2 - August 6

1. Ah, that explains everything.
2. Holyrood pollution and the Great White Whale
3. Quebec's possible new role as an energy player
4. Kremlinology 24: the Whine List
5. Polling month starts in earnest
6. Jerome! if you want to
7. Privatize NALCOR?
8. I knew Marilyn Monroe
9. Court docket now online
10. Coming or going?

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Show us the tit and we’ll suck it

Newfoundland and Labrador is the only place in the western world where private sector businesses look to the government as the key to economic diversification:*

“If we have some guidance and support, take some initiative on our own, we can grow Corner Brook,” [ the vice president of the Greater Corner Board of Trade] said. “I think it is a great time to be doing business or setting up new business in this region. If people are interested in that, have an entrepreneurial spirit, to let that take control and get that business off the ground.”

There is no entrepreneurial spirit in Corner Brook, evidently, not if the local business association thinks that increasing government spending is the way to “grow” the economy.

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*  Here’s the link left out of the original piece.  The same e-mail correspondent who pointed out that glaring error in the timed post also noted that the quote doesn’t support the government hand-out thesis.  Well, with the link to the whole story, it should now be clearer.

Diversification links to investment, but the investment sought is public cash:

Meanwhile, Goulding said it was important for these seven ministers [ on the cabinet committee] to realize the realities of the business sector in western Newfoundland and ensure that government does all it can to support business.

The vice-president said businesses need support and training in such areas as succession planning and getting business starts. In terms of attraction and retention of businesses, that is where he said the provincial government has to step up as a follow to the establishment of business retention and expansion co-ordinators and a performance management system for regional zone boards.

“What they need to do now is expand on those types of programs,” he said. “Let’s get those business retention and expansion co-ordinators out in the field, on the ground, talking to entrepreneurs and new and upcoming businesses to give them the support that they need.

NL posts part-time employment gains in July

After a couple of months of big changes – up and down – in employment, Statistics Canada is reporting the number of people working in the province grew by one half of one percent in July compared to June 2010 and 3.3% compared to July 2009.

The biggest gain came in part-time employment. That’s up 8.9 percent month-to-month and 14 percent year over year.  Full-time employment dropped one percent compared to June but is up one and a half percent year over year.

Total employment grew by 1,000 jobs from 218,800 in June 2010 to 219,800 in July 2010.

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Privatize NALCOR?

The head of the Newfoundland and Labrador First Party wants to turn Marine Atlantic over to the private sector:

“I say privatize it because it’s a government organization and it smacks of being government-run,” he said. “I think a lot of the problems they’re having sometimes deal with unions. ... Maybe a private operator will come in, get rid of the unions and get things back on an even keel. I think it’s a drastic step, but sometimes drastic measures are what’s needed.”

Makes you wonder how he’d feel about NALCOR, another Crown corporation that can’t seem to deliver on its commitments. The latest one is a 2007 commitment to clean up emissions from its thermal plant at Holyrood. 

According to NALCOR chief executive Ed Martin, he and his team are “aligned” on the issue  - shades of 2012 - but will take as much time as necessary to make a “quality decision”.

Someone should ask the people of Holyrood if they agree with Wayne Bennett.

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Jerome! if you want to

So the Premiers are getting together and one of the Premiers can’t go.  Let’s say he has a bad back.

The meeting is about the economy.  Who does he send to stand in for Hisself in all his premierifficness?

Three guesses.

Hand-picked usual stand in, d.b.a. deputy premier Calamity Kathy Dunderdale.

Nope.

Intergovernmental affairs minister Dave Denine.  Seems logical.  It’s a meeting among governments and that’s pretty much the definition of what an intergovernmental affairs minister should be doing.

Nope again. Dave Denine may have the title but he is really just building up pensionable time.

Hmmm.

Economy, right?

Finance minister Tom Marshall.

Nope for a third time. The Old Man sent the province’s health minister to an economic meeting.

Sure the guy was finance minister for a few months, but there are other people with nominal responsibilities that cover the meeting agenda topics long before you get to Jerome! Kennedy.

Curious.

Among other things, what you have here is a clear sign that Jerome! is one of the trusted handful who actually run the province.  Despite his griping, Danny does run the place just like he used to run the private businesses.  He handles things with a few trusted chums and that’s it.  Jerome!, Tom and Kathy are the latter day version of Steve, Ken and Dean. If something needs doing, Danny will turn to one of those three to get it done.

And let’s face it when the Old Man bitches about pesky things like internal party politics – let alone politics generally – what he is really saying is that he wished the world would frig off and let him rule his fiefdom as if it were a law firm or cable television company. 

The only thing he has ever asked is that people regard his voice as if it were the voice of God Himself. The only reason the Old Man has a caucus, a cabinet of more than three in the first place and a legislature of 48 is that he can’t easily get rid of the constitution.

Understand that and you understand everything.

Understand as well, that when the Old Man finally does pack it in, Jerome! is likely the guy to replace him.  Kathy and Tom are heading for the door likely before the next election.  Joan Burke may have a war chest but odds are that we’ll be talking about Premier Kennedy once Danny flips to Florida permanently.

Some of you may be wondering about the talk at the meeting about the economy and what role the federal government should play in continued stimulus spending.  You may be pondering what impact any of this will have on Newfoundland and Labrador. Premiers are agreed that the federal government should continue to spend.  They are only divided on the question of how much. Quel surprise.

Newfoundland and Labrador would be in an embarrassing spot on this issue and it will be interesting to see what, if anything, Jerome! has to say. 

He could not easily side with the other “have” provinces who now want the private sector to drive the recovery.  After all, Jerome! and his friends have presided over an unmistakeable – and presumably deliberate -  weakening of the private sector in the province.  Never mind Danny Williams’ claims about leading a Reform-based Conservative Party; his actions don’t match his words. 

Rather, the “have” province of Newfoundland and Labrador would have to side with the “have not” provinces like Ontario that want the federal government to keep pouring cash from its bank account to keep the place going. Williams, Kennedy are forecasting yet another record cash deficit for 2010. More are on the way in a province where public spending is the only thing keeping some parts going at all. Danny Williams, the leader of a Reform-based Conservative Party would have to wind up in the same position as Jack Layton, begging for Stephen Harper’s help.

It’s a good thing Danny’s back went out.  Jerome! can sneak in and sneak out without anybody really expecting him to say much.  If Williams had shown up then all his contradictory positions would be laid bare. His piss poor relationship with his fellows would be on display for all the world to see. He’d have a pain, alright, but a bit lower than his back.

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Kremlinology 24: The Whine List

The Old Man likes to bitch about stuff.

After 61 years, he’s gotten good at it.

For the past seven years he has liked to bitch about his current job, the one he campaigned for.  People aren’t grateful enough.  He has to deal with too many “distractions”, stuff like a request from someone who wants a copies of all his public speeches.

For some reason that was a problem.

For some reason that was such a problem the Old Man’s staff originally slapped a $10,000 bill on the guy to try and discourage him.

Whine, moan, bitch and complain.

Blah, blah, blah.

In the National Post fluff piece on Wednesday, the Old Man couldn’t resist a little bitching about politics.  This is not unusual.  The Old Man likes to bitch about his chosen profession. Apparently politics distracts the province’s most successful politician from running the province:

That would be my preference, I’ll be honest with you, if I could just roll up my sleeves … and spend 99% of my time running the place.

Now, to be frank, this sounds a bit like an excuse.  Whenever the Old Man gripes about the time he doesn’t spend running the province, it sounds like he is trying to explain why something or other hasn’t happened. Like he is trying to tell why he failed or shagged up.

Mind you, none of this fits with his other claim that everything these days is spiffy and perfect, especially compared to the past  - thanks entirely to him.

But that’s another issue.  For now, just let that gripe cum excuse settle into your brain for some time later on.

Instead, for this post, just notice the list of complaints the Old Man trotted out this time.  Number One on the Old Man’s Whine List is this:

In politics, you have to deal with the internal politics of your own party.

Whatever does that mean?.

There are problems inside the provincial Conservative Party?  People are unhappy with something. 

Are they surprised to find they are part of a Reform-based Conservative Party, rather than the Progressive Conservative party of a short while ago?

Heaven forbid it could be with the Old Man’s leadership.  Most observers likely thought that the troubles that beset other parties – stuff like overblown egos and frustrated leadership aspirations – just don’t happen in The Party the Old Man Created By Himself from whole cloth, without help from anyone and where nothing existed before.

So what sorts of internal politics could be occupying so much of Danny Williams’ time that he can’t give proper attention to the province?

Well, maybe it has something to do with when the Old Man finally decides to leave and who will replace him.  Not like we haven’t seen the odd sign or two about that before. You can tell this is a sensitive issue inside the The Party The Old Man Made because it attracts the usual collection of sock puppets and fanboys.

Or maybe it is something a bit more mundane.

Like the stuff you do just because you have to do it.

Or two cabinet ministers deciding to pack it in suddenly and unexpected only adding to the string of miseries that added up to be 2009 for the Old Man.

Yes, there’s plenty to gripe about if you are prone to negativity.

It’s just odd sometimes what those people chose to complain about first.

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Coming or going?

Calamity Kathy Dunderdale, Danny Williams’ hand-picked choice for deputy premier, thinks the future of Corner Brook is built on manufacturing:

The minister said Corner Brook Pulp and Paper, despite its challenges, is a fundamental piece of the economy, thus has the support of the provincial government to help the company through these difficult times. She said both government and Kruger share a positive outlook of the mill’s future. Combined with that, the provincial government has created a new strategy to revitalize and diversify the forestry industry, particularly the integrated sawmill industry.

Quoted in the same article, finance minister Tom Marshall has another thought:

Marshall said it is important to create a knowledge-based economy in this area of the province to replace a declining manufacturing-based industry, something he contributed mainly to the competition of low cost producers around the world. He said the plan is to create an energy warehouse, utilizing the Labrador hydro and alternate sources such as wind, to offset that impact of lower labour costs of those competing manufacturers.

Now not only are these two ministers saying completely contradictory things at the same time, the finance minister is also proposing another nonsense.  Not only is Marshall’s future based on things that don’t exist – and likely won’t – but he is proposing to use cheap power as an offset to cheap labour costs overseas.

The Labrador hydro project is basically a fiction.

Wind power, and other forms of alternate energy, are basically a non-starter thanks to current government policy and the obsession with the Great White Whale.

As for giving away power, the last time that was tried, the people of the province wound up with Churchill Falls and the phosphorous plant at Long Harbour.  Given that the finance minister is advocating the use of public money for such a hare-brained scheme should cause a great many people to lose sleep.

Not the least of the bleary-eyed and stressed-out crew would be the people who believe the current administration is a Reform-based Conservative Party that wanted to “get our fiscal situation under control.”

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Quebec’s possible new role as an energy player

If exploration turns up a significant amount of oil and gas in the Gulf of St. Lawrence, expect a ton of political weight to shift toward the province at the same time.

Rob Silver went down that road recently in his blog at the Globe and Mail. Silver posed a hypothetical situation in the federal government tried to introduce a carbon offset scheme at a time when Quebec is in the same boat as “Alberta, Saskatchewan and British Columbia”. Quebec’s interest may well shift as does its economic situation, according to Silver.

On the surface that’s a penetrating insight into the obvious. Newfoundland and Labrador, for example, shifted its environmental policy based on nothing more profound than electing what Danny Williams described as a Reform-based Conservative Party.

Now most voters in the province – including a great many Progressive Conservatives - likely didn’t think that’s what they were getting into back in 2001 or 2003, but that’s what they got. No need to wonder any more why the sustainable development act never got farther than it did in 2007. The whole thing was nothing more than a political ploy for an election year.

In any event, Silver’s idea of a provincial government shifting its policy based on a shift in economic interests isn’t an amazing thought.

On another level though, Rob Silver’s comments provoke another thought related to Newfoundland and Labrador. 

Your humble e-scribbler tossed out the idea a couple of years ago that a “few years from now, the poorest province of the country will join the select group of provinces that do not receive Equalization. That will have a major effect on the balance of the forces in the country which is always maintained in the Toronto-Ottawa-Montreal triangle.”

The idea was that a normally outward-looking province and its people could alter the balance of power in the country, especially at the national level, once the province was no longer perceived as an economic basket case. Now part of that idea was premised on a new administration and a new policy beyond the current one and its isolationism and wastefulness.

Admittedly it turned out to be a bit of a stretch. Newfoundland and Labrador today is more isolated than it has been for most of the past century.  Its influence at the national level in Canada has never been lower. The decline is a direct result of reckless provincial policies since 2003.

One can only imagine what might occur in a world where Quebec has significant oil and/or gas resources in addition to its other sources of influence.

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Ah, that explains everything…

The Old Man, quoted in the National Post, describes his own political party’s philosophy:

We have a Reform-based Conservative Party which is probably ideologically more right-wing.

More right wing than what he doesn’t say, but that’s not the key bit.

But here’s a question:  how many Progressive Conservatives in the province, the ones that like to put weight on the progressive side of the ledger, knew that in 2001  they started supporting a “Reform-based” Conservative Party?

And on what the Old Man calls the “other side”, he just talks about how much money he spends:  “We’ve doubled our health-care budget. We’ve put a lot of money into education.”

There it is, though, straight from the horse’s mouth: Newfoundland and Labrador is currently run by a  “Reform-based Conservative Party.”

That explains a lot of things.

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Poll Goose, Day Two: 10 of 12

You’d swear someone was polling.

Of the dozen announcements made on Tuesday [August 3], 10 of them either announced public money or warned news media to stand by for an announcement of public cash for something.

Of the two odd-ball releases, one was a release about participation in a national basketball tournament while the other was about health care consultations.

Wednesday should be quiet as it is a civic holiday.

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As pure as the driven snow…

But besides the scientific reasons, Gilkinson said there is a political reason for the trip as well.

He said under United Nations rules, coastal states are obligated to “identify and characterize” VME’s adjacent to them.

“It’s important these areas be identified and mapped,” said Gilkinson.

Curious how a news story can include more than a little bit of editorialising.

That quote is from an August 2 story in the Telegram on the recently completed exploration of areas offshore Newfoundland and Labrador. Notice that following the obligation of coastal states to conduct oceanic research is considered by the Telegram to be a “political reason”.

The project turned up a couple of dozen new species, and generally added significantly to our collective knowledge of the east coast offshore. But that is “political”, as if international obligations – United Nations rules – put some kind of tarnish on things.

Notice as well that while the Department of Fisheries and Oceans had a leading role in this expedition, the Telly story didn’t do much beyond mention that the guy they quoted worked for the federal fisheries ministry. He was – in the words the Telly writer chose – merely “on the trip” that was “out of” the Bedford oceanographic institute.

Incidentally, Bond Papers told you about this expedition back on July 21, while the ship doing the work was still offshore Newfoundland.

Now by contrast in early July, the Telly nearly blew a collective blood vessel endorsing the Premier’s decision to drop millions of provincial taxpayers dollars on studying how many fish are in the ocean.  The research is supposed to help “us” make better fisheries decisions.

At no point did anyone at the Telly suggest that this little expenditure might be political.  No one bothered to point out in the Telegram, that the “us” spending the money only has to decide how many fish plants to license. That doesn’t require a detailed knowledge of capelin populations near the southeast shoal.

The announcement came based in no small measure on the unfounded claim that the federal fisheries department had basically given up on research altogether.  Nothing at all political in those false claims, apparently, at least as far as the Telly was concerned then or is concerned now.

And of course, this recent expedition in no way proved the inherent bullshit in the earlier claims about DFO and and its supposed lack of fish science.

Nope.

According to the Telly, only the federal program had any hint of politics in it.

The provincial government’s news, by contrast, was apparently as pure as the driven snow and in no way looked like a pile of snow on Duckworth Street at the end of a long hard winter…well at least as far as any possible hint of political motivation might be concerned.

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Polling month starts in earnest: five of six announcements detail public spending

August is polling month for the provincial government’s pollster.  You can tell because on the first working day of the money, cash announcements and announcements of announcements flowed like water:

• a “celebration” of the first anniversary of interest free student loans;
• $22,000 for culture and heritage groups in the finance minister’s district (called a region so they can claim they don’t hand out cash based on political districts);
• $15,675 in money for sports in the Port au Port district;
• $10,000 for something called “regional games”, this time in the “central” region;
• More than $116,000 in job creation money for St. George’s-Stephenville East district;
• Notice that there’ll be a health funding announcement on Tuesday; and,

There were 12 announcements made on August second.  Two were public advisories and another four were media advisories, including warning of a media availability later on Monday and a funding announcement on Tuesday.  One of the dozen announcements covered the closure of the school for the deaf.

In other words, outside of the media and public routine announcements, the provincial government issued six news releases on Monday.

Five of them were about spending.

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The politics of financing post-secondary education in Newfoundland and Labrador

Nottawa lays it out very neatly:

It's a political masterstroke. Having already taken all the political credit for the revenue generated by his predecessors, Williams is now doing the same with expenditures of his successors. It's brilliant. Whether or not it's sustainable is another thing.

That would pretty much put post-secondary education financing in line with the rest of the current administration’s management of public money:  unsustainable.

Then again, nottawa sets out that sort of thing as well when he notes the costs in the policy re-announced today by the province’s education minister:

What is the point is that this announcement, at the time of its making, and on its one year anniversary is really not an "investment" of the "Williams Government" in any way shape or form. It's a commitment made on behalf of Williams' successor, the person who'll one day have to account for the cost of borrowing money at 4, 7, 8 or even 10% in order to lend it out to post-secondary students interest-free.

Evidently financial management and economics were not included in the curriculum at Darin King’s alma mater.

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