Showing posts with label Jim Flaherty. Show all posts
Showing posts with label Jim Flaherty. Show all posts

Thursday, October 30, 2014

Harper's Perps with Perks #12


Please welcome former citizenship judge Philip Gaynor to Harper's Perps with Perks for stealing and selling copies of citizenship tests to two immigration consultants for cash. The papers were then given to the consultants' citizenship applicants.
In sentencing Gaynor to three years, the Ontario judge was not convinced by the explanation that Gaynor didn’t want to see “good people” be denied citizenship because they failed the multiple-choice test.

A volunteer on the election campaign of late FinMin Jim Flaherty, Gaynor was first appointed by Monte Solberg and reappointed to a second three year term in 2009 by Immigration Minister Jason Kenney.  

The Star : "The position of citizenship judge is a political, quasi-judicial appointment that doesn’t necessarily require legal experience. The judge administers citizenship exams, adjudicates if an applicant meets all the citizenship requirements, and swears in the country’s new citizens at ceremonies. They make between $91,800 and $107,900 a year."

They can be appointed for any number of reasons,” explained a past-president of the Immigration Consultants of Canada Regulatory Council.

When Mr Gaynor was arrested last year, Jason Kenney issued a statement that "Canadian citizenship is not for sale".

No, but up til this summer you could rent it  -  if you invested $800K with the government.
The investor class immigrants have been laughing all the way to the bank. According to the feds’ own research, over a 20-year period an investor class immigrant will pay $200,000 less in taxes than a skilled worker immigrant and $100,000 less in taxes than a live-in nanny. The immigrant billionaire living on the west side pays less in Canadian taxes than his immigrant babysitter.
Or you could just fake the citizenship ceremony to help out Sun TV. after you noticed CBC was doing a real one.

h/t Bat signal from Canadian Cynic

Perp with Perks Virtual Boxed Set - Get yours today! 


 heh 

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Saturday, November 12, 2011

Keystone XL vs owning the tarsands

Former U.S. ambassador to Canada David Wilkins calls it "catastrophic", FinMin Flaherty said "the delay may kill the project" so Canada will look into sending our oil to China via BC instead, and TransCanada Corp is "deeply disappointed". So goes the official reaction to the US State Dept decision to delay Keystone XL for further examination.

But the vast majority of comments from the public under these news stories boil down to this :
Why doesn't Canada do its own tarsands refining?
Why isn't Canada building its own refineries and keeping the jobs here rather than just shipping the raw material abroad?

The response from purported industry insiders under these comments runs as follows :
that no investors are willing to undertake building tarsands refineries because it would be very very expensive; not enough profit margin; that there would be considerable Canadian nimby, environmental, and FN opposition to building them leading to a protracted approval process of uncertain outcome; that Canada does not have the expertise to build them; that Canadian labour costs are too high.

I guess it's too obvious to include that multicorps and foreign companies operating in the tarsands likely want to optimize corporate control and profits by owning both ends of the supply line. 

 “We can route a pipeline through the Andes, over the Rocky Mountains, through the Everglades, through the Sand Hills”
 apparently we can't route one to eastern Canada.


Foreign ownership :

StatsCan : Total assets, operating revenues and operating profits under foreign control
Oil and gas extraction and support activities - 2009 
  • Assets - 35.9% under foreign control
  • Operating revenues - 51.1% under foreign control 
  • Operating profits : 41.3% under foreign control
"American-controlled enterprises continued to dominate the shares of assets, revenues and profits under foreign-control. These enterprises increased their share of both revenues and profits to 59.1% and 58.3% respectively." 
"In the oil and gas extraction industry, foreign-controlled enterprises increased their share of revenues to 51.1%. This occurred as revenues declined nearly twice as fast in 2009 for domestic enterprises as they did for foreign enterprises."
Looking through the producing members of the Canadian Association of Petroleum Producers, I notice nearly 20% of them list their head offices outside Canada, mostly in Texas. 20% doesn't sound like much but many of them are the bigs, including Koch, ExxonMobil, Shell. 
Meanwhile China's investment in the tarsands is up to what - $13-billion now? 
 
Leo De Bever is head of Alberta’s $70-billion pool of public sector funds, including pension funds, endowments, and the $15-billion Alberta Heritage Savings Trust Fund.
"My simple point is that you lose ownership, you lose control. Those who control the resource always have the incentive to dig it up as soon as possible,” Mr. De Bever said. 
Mr. De Bever said it would make more sense for Canada to accelerate the development of technologies to produce the oil sands, improving environmental impacts and efficiency, rather than accelerate extraction.
“That is where that tradeoff of digging up now versus digging up later comes in,” he said. “If you know that in a few years you can make it drastically more efficient, it makes the resource more valuable.”
“If you want a strong Canadian economy, to some degree large Canadian institutions have got to take it upon themselves to be not just passive investors,” said Mr. De Bever. “Doing the right thing is not part of my mandate. Doing the profitable thing is. But if  I can do the right thing and the profitable thing, I would do so.”
Sounds like a "no-brainer", doesn't it, Steve?
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Friday, July 15, 2011

Framing the future of a national energy export strategy

Corporate oilbidness sponsorship of next week's annual conference of federal and provincial energy ministers caused a few ripples in our  national  media yesterday.

The Government of Alberta Natural Resources webpage lists $180,000 in corporate sponsorship fees for the
"Framing the Future of Energy and Mines"
Energy and Mines Ministers' Conference,
July 16 - 19, 2011

Gold Sponsorship - $30,000
Silver Sponsorship - $20,000
Bronze Sponsorship - $10,000
Just like the Olympics!

Particular mention was made of the Canadian Association of Petroleum Producers' $30,000 gold sponsorship fee to a government conference where a national energy strategy will be discussed.

Yo, media guys! You know what would have been more useful? Coverage of CAPP's sponsorship of a federal cabinet ministers' meeting in Alberta last week to promote the tarsands.

Last week CAPP hosted Environment Minister Peter Kent, Finance Minister Jim Flaherty, Minister of Citizenship, Immigration and Multiculturalism Jason Kenney, Minister of Public Works Rona Ambrose, and Minister of State of Foreign Affairs Diane Ablonczy in a roundtable discussion following tours of Syncrude and Suncor.

Kenney said the tour enabled them to "go back to parliament and around the world, and defend Canada's oilsands as an environmentally responsible production of energy".
He said the tarsands "constitute the future engine of the Canadian economy" :
"We're talking in 25 years about over $2 trillion in economic growth estimated to be some $700 billion in federal and provincial government revenues. ... There was a lot of bad mouthing about this industry and our government has consistently stood up in defence of the Alberta oilsands ... we will stand up for this incredible growth of our prosperity."
Kenney also pledged his ministry's continued intention to "fine tune its immigration program" to deliver the skillsets the tarsands requires.

Fun fact : There are more than 20 Alberta MPs in the federal caucus.
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Thursday, March 24, 2011

Election 2011 gnomenclature



Yes, those are exact quotes from Flaherty's interview with Mansbridge on why Canada should accept the budget and not go to the polls.
I imagine HRH the Queen is probably a bit hacked off - you'd think Jim would have found room in there somewhere to mention the Royal Wedding as a reason not to have an election.
It seems rather rude but it's probably just a gnome thing.
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Tuesday, May 11, 2010

Goldman Sachs to plot sale of Ontario public assets

Ish Theilheimer at Straight Goods wonders why there has been no public outcry about McGuinty's decision to hire Goldman Sachs to come up with a privatization blueprint for 49% of Hydro One, Ontario Power Generation, the Ontario Lottery and Gaming Corporation, and the Liquor Control Board of Ontario.

The LCBO, OLG, Hydro One and OPG provide more than $10 million a day, totalling $4.1 billion in profit last year to fund social services for Ontario - making Bay Street's usual privatization argument pretty weak here - but, um, Goldman Sachs?

Ish : "In the USA, for instance, the company has supervised highway privatization deals in which it acted as a financial advisor to the state at the same time as it invested in companies vying for the highways."

In Goldman Sachs : The Great American Bubble Machine, Matt Taibbi describes the corp as
"a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money..."

"the heads of the Canadian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York - which, incidentally, is now in charge of overseeing Goldman ..."
Following its part in managing the recent financial collapse of Greece, the Vampire Squid is being investigated for fraud by the US Securities and Exchange Commission for misleading its own clients and encouraging them to invest in a product that was destined to fail.

Canada doesn't have a national securities regulator. In announcing plans to put one in place on May 3rd, Fin Min Jim Flaherty said that Canada is not directly probing Goldman Sachs because any probe of Goldman would fall under provincial jurisdiction.

Oh, go, McGuinty!

Fun facts : Vampire Squid corporate tax rate in 2008? One percent.
Fin. Times : "Goldman Sachs Group Inc and 22 European banks were the major beneficiaries of US$93-billion in payments from AIG -- more than half of the U.S. taxpayer money spent to rescue the massive insurer."
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Thursday, December 18, 2008

Man of Steel vs. the Incredible Shrinking Mandate

One of the crowning glories of Steve's Five Priorities Four Pillars Three Little Pigs Accountability Act was his paean to Canada's Gnu Government transparency - the creation of the Parliamentary Budget Office to provide independent analysis of the national economy and the government's fiscal position.

First budget officer Kevin Page, or "Man of Steel" as Jennifer calls him, has produced two reports since March, both critical of the government.
The first, released during the election, calculated that the cost of the Afghanistan mission not including military equipment will be about $18.1 billion by 2011.
The second, published shortly before Diamond Jim Flaherty vowed there would absolutely be no chance of a deficit next year, projected a deficit for next year.
"In his economic statement, Finance Minister Jim Flaherty projected a budget surplus of $100 million for 2009-10 based on the sale of about $2 billion in assets that he didn't identify."
Mr. Flatulence has since reluctantly come around to Kevin Page's assessment, predicting a $15-billion deficit, only to be contradicted himself by Steve who is now calling for a $20 to $30-billion deficit.

So it won't come as much of a surprise to hear that in the matter of the Department of Finance vs the Parliamentary Budget Office, old Kev has had his budget frozen -( h/t Steve ) - presumably because accurate financial forecasts are a dime a dozen lately in Steve's Fiscal Funhouse.

Actually it's a testament to Mr. Page's perseverence that he has got this far. Both Senate Speaker Noel Kinsella and House Speaker Peter Milliken want him reined in, arguing that the "budget office is simply an extension of the services the Library [of Parliament] already offers."
"The parliamentary library operates on a solicitor-client basis. This means any research the library collects for MPs and senators is "privileged" and can be withheld at their request. As an adjunct of the library, Mr. Page's reports would be done for MPs and committees who then can could use the information as they want."
Privileged. Witheld at their request. As they want.

In 2006 a document at the Library of Parliament outlined the various forms the Parliamentary Budget Office could take and decided it should not be granted the same independence enjoyed by the Auditor General. Evidently no one informed the Man of Steel.

Friday, December 12, 2008

Budget 2009 : Open door policy!

Via Maxwell's House, we learn that Jim Flaherty, Minister of Finangling, has thrown open the doors to all Canadians to contribute to Budget 2009 at the ministry website! Really. What's your pleasure?
Sure there's a handy list of suggestions but also a page to write in your own.

Sven at Fish Eggs has an idea :

"Every Canadian Citizen, will, for the next twelve months, receive a $2000 monthly payment. If you make more than $35,000 per year, it will be progressively taxed to ensure it gets to those whom need it the most. Simple.

This programme will run for one year only. Short.

As the lower income earners all know, this money would enter the economy almost completely, as there is little or no room for most to squirrel away their money. People could spend this money to buy a car, thus bailing out the auto industry. Or they could choose to spend it on housing, thus bailing out the housing industry. Or they may decide to invest in more education and go back to school, thus bailing out the education sector. What matters here is that the PEOPLE would decide where to put OUR hard earned tax dollars. The politicians would then be able to see where we chose to put our money and they could then craft legislation to reflect these investment choices made by Canadians. Effective."


Go for it, Sven.

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