Saturday, August 29, 2009

Canadian Bank Bunk



Trumpets the Star, which is a daily raggatty rag. "Bank earnings a nice surprise for Bay Street." and "Profits impress". The decaying daily states that this remarkable profitability shows the strength in the Canadian retail sector.


One must be slightly troubled by this. Stand around and look. Pulp mills, paper mills, lumber mills have shut down on a long term basis right across this country. Farmers are coping with high energy costs without seeing a compensatory increase in the price of their products to the food markets.


Consumers struggle with keeping their jobs, or looking for work. Canadian banks appear immune from pain. Indeed it may be that they inflict pain to maintain profitability. Much of this profit stems less from the margin on loans, than those revenues generated by the complex user fees and service charges that banks now charge its clients.


The code words are "retail sector". I found over the years that those words relate to the transactional charges on debit and credit cards. Most money transactions in today's world are plastic and not hard cash. The banks make tonnes of cash on the transaction fees.

Friday, August 28, 2009

Confusing enough (III)



Well... Made a mistake yet again. Hell no surprise.


Apparently, the NHL is including their $40M contribution in the bid. This weakened their bid by at least $80M. It literally castrates their own bid.


Oh and the out clause quietly inserted into the NHL bid is only a one year term for Phoenix. Now compare the five year term that was rumored to be in the defunct Reinsdorf bid. And the bid by the Ice Edge Sports, the people who will stay in Phoenix and mitigate costs by playing five games in Saskatoon per season.


I mean only 5 games in Saskatoon will support the team playing 35 games in Phoenix. Whow. So they could really make more money in Saskatchewan if they played all 40 games there. It may be better than Hamilton even. After all, the most lucrative CFL team is the Saskatchewan Roughriders. People in the whole province will support any sports team.

Thursday, August 27, 2009

Sacre Bleu


As it turned out, I seemed an idyllic day. An ideal day for a trip on a bus. I realized that the day was a special one. Its day 238 of the year.
As a result, I bought a trip on the TTC. Fun, frivolity and misery all rolled into one.

Confusing enough (the sequel)

The NHL jumped into the frey with both feet. This is an update to the shannigans.

Apparently the bid is $140M. Since they are a creditor of $50M already, the value comes to about $190M. It still falls short of the Balsillie bid by $20M(plus).

Showing total hypocrisy in the whole process the NHL put a qualifier in their bid which would allow a move of the franchise.

If I shake my head more than I have already. It might lead to concussion.

Wednesday, August 26, 2009

Confusing enough?

Recall those movies with the swinging pendulum blades ratcheting slowly down... closer and closer to slice into the victims chest. That's sort of what the NHL and Balsillie battle takes. At one minute things look grim, then on an instant the momentum shifts the opposite way.

Last week, Balsillie's team effort appeared dead in the water when the owner of Dell computers, Michael Dell, a major creditor of the Phoenix Coyotes approved the Jerry Reinsdorf group bid. Despite the setback, Balsillie simply restated the bid.

In subsequent developments, Jerry Reinsdorf pulled out of the deal making a ton of excuse, none of which was his fault. Consequently, the NHL submits a bid for the team. This heaving to and fro will piss of any judge worth his salt.

From the beginning, Jim Balsillie's bid was consistently the highest, the best, the clearest and the most consistent. The NHL consistently resists the obvious. It is a business deeply in trouble.

The NHL committed to a TV deal with Versus proudly. Now Versus will be dropped from Direct TV, which cuts out a lot of viewers in the United States. There weren't that many to begin with. That was very bad news for GB (Gary Bettman).

Now Reinsdorf pulls out of the deal. He isn't like the rest of the NHL ownership group. He's smart.

Now with the NHL coming in with a late bid with eggs smeared all over it. It appears such a shallow aim. After attempting to cause so much harm to Balsillie it appears that the NHL is losing even the low reputation it had before.

The smart thing to do would be to have a rapprochment with Balsillie. Things many untrue things were said. Whether they like it or not Balsillie is now in the driver's seat.

To win the fight the Judge might decide for a full auction. It will cost the NHL at least $300 M to win this auction, since there is now nothing stopping Balsillie from upping the anti if necessary.

Jarvis Jam



And the city politicians are doing what? This image, taken yesterday looks north along Jarvis.

Due to a memorial ceremony at the Good Neighbours Club, police sealed off one single southbound lane. Time middle of the day.

This portends the traffic headache that will ensue if the idea to designated a bicycle lane on either side of Jarvis.

Friday, August 21, 2009

Earning points


One wonders whether or not there will be any winner. The vitriol between Jim Balsillie and the National Hockey League (NHL) grows daily. Its a fertile plant. Poison Ivy steps aside for the botanical wonder.
The NHL were the ones that made the issue personal. They were winning legally but Gary Bettman's ego removed the boundaries of common sense by declaring to a court that it was unanimous that all the Governors of the NHL considered Balsillie unfit to be an owner in the NHL.
They do a lot of unanimous votes in the NHL Bored of Governor's meetings. Only a couple of years ago the NHL declared the very same individual more than qualified to be an owner. However the poison started quite consciously by the brat Gary Bettman. Balsillie's group continues to push forward bidding in an Arizona bankruptcy court for the hapless Phoenix Coyotes.
The intention of Balsillie is to move the team to Hamilton, Ontario where for the first time in its entire franchise history, including when the team lived as the Winnipeg Jets, it might actually generate enough revenue to actually break even.
This move has been opposed by the Toronto Maple Leafs who considers all of the southern reaches of the province of Ontario as its very own. It has a veto on any decision although the NHL has said it doesn't. Someone obtained a version of the secret league rules and lo it appears it does. So apparently publicly the NHL has no problem with lying.
Further to the point of character, Balsillie's camp fired back with a list of NHL owner's who conducted themselves badly. One of those mentioned was a Eugene Melynyk, owner of the Ottawa Senators retorted publicly that he now thought Balsillie to be morally challenged.
Quite unlike Balsillie, Melnyk doesn't live in Canada, owns companies facing criminal charges in the United States. He owns a company that committed insurance fraud but faced them in a Canadian court where judges hold little value in sending white collar criminals to jail. Balsillie did commit an indiscretion of miscalculating the value of stock options. He admitted the error, paid all the fines and stepped down from the post he held.
Others in the NHL have committed crimes and the NHL did nothing to censure them from the Board. Harold Ballard was convicted of criminal fraud and sentenced to nine years finally being paroled in 1973. Bruce McNall became the Chairman of the Board of Governors of the NHL in 1992. A couple of years later he admitted bilking investors of $234M. He finally served out his parole in 2006.
Which begs the question of why would anyone of any integrity whatsoever wish to belong to this elitist club known as the NHL owners? At the moment, I hope Balsillie loses his bid. Winning sometimes isn't necessarily winning.


Wednesday, August 19, 2009

Nuking the brain


I went to the park. It was a free picnic. I didn't eat anything. I did have some water. It was too hot.

This is a picture in the neighborhood. I took it. It looked like an image that should be taken and not forgiven.

We need a nuclear plant. Water it three times a week. Unless it gets hotter.

Monday, August 17, 2009

Biff

I am still trying to adapt to the new regime. I have to be more careful with the money now. I haven't seen the internet in a couple of days. I meant to submit something as often as I could. There is little to submit after they "the Man" absconded with the piles of garbage.

Wednesday, August 12, 2009

Nothing could be as bad as



Think you have it bad? Think Moss Park has it bad? Compared with happenings in Northern Ontario, its nothing. According to our confidential unconfirmed and not too reliable sources in that remote part of Ontario the Chinese government has released hordes of highly trained spy animals into the municipal matrices of several towns.

These animals are spreading throughout the province unhindered by normal restraints. Police do little to prevent the territorial expansion of these critters. One has just been seen waddling away from Howe Street nonplussed by the light of day.

If seen these animals must be approached with extreme caution as they reportedly have a prickly temperment. While mass extermination appears to be a solution, another is capture. They would be very suitable if introduced to the wilder parts of Moss Park. Spy equipment would have to be disabled but after that they would fit into the park's goals. They would be mascots for the needle exchange programs.







Tuesday, August 11, 2009

Kane Moot in Knee


Jockstraps get real problems. Before the New York criminal courts, there stands accused one Paul Kane, a NHL hockey player, from the Chicago Blackhawks. The police in New York have leveled assault charges, theft and mischief charges.

One of the major accusations was that the accused did all this over twenty cents. The cabbie didn't have twenty cents change. So it is alleged that Kane and a buddy beat up the cabbie and took back $15.00 in fare.

Whether or these things are true will or might be decided in a court of law. A man was obviously beaten for some reason. The police have sufficient reason to lay charges without the fancy dance of going through the Grand Jury process.

Yet what bothers me is the absolute double standard that most (not all) Canadian sportswriters apply in this case when compared with the reaction to the serious charges laid against Michael Vick several years ago.

In the Kane case, apologies emerge defending Kane by saying that the cabbie wasn't licensed. The taxi driver had a couple of driving convictions in years past. The writer in the story attached to this blog, didn't refer to Kane as an alleged criminal.

Instead Kevin McGran, alleged reporter, sought to criminalize the victim in the very first line of his writing. "The cab driver who is the alleged victim of a beating..."

The "
sports reporter" then goes onto vilify Radecki by citing past indiscretions of this driver. This reporter is not an aberration in sports media. Personal bias runs into almost every story. Facts rarely expose themselves.

The fact of whether or not Radecki had past convictions has absolutely nothing to do with being beaten up. The alleged criminals of which Kane is one, beat up a driver. The fact that the cab was illegitimate gave no right for the alleged to beat the crap out of a driver, steal money that they had contractually agreed to pay which is theft, and that the whole episode evolved over twenty cents.

So here is the comparison. A guy who staving of poverty consents to give two jerks a ride. One of the jerks earns at least a half million after agent fees which is probably about twenty years net wages for the guy giving them the ride. The fact of twenty cents hasn't been challenged.

What also bothers me is the fact that these same writers jumped over Michael Vick almost convicting him before the fact for what he did to dogs. I don't mean to diminish the seriousness of what Vick did, but Kane did it to a human being and is alleged to have done this for the sum value of twenty cents.

Like Vick, Kane is denying everything. He is a hockey star after all. In Vick's case, the NFL suspended him until the court proceedings and criminal punishment had moved through its course. Unlike Vick, Kane faces no suspension until the court matters are settled.

And if the same righteousness, that was applied to Vick, was applied to Kane: He will never get a job in the NHL again. But the sports writers don't believe in consistency, or equality in race, sport or crime, or good journalism.


This article is inserted for the education of the students of the digital watchers.

Patrick Kane's cabbie didn't have licence: Report
In 2008, Patrick Kane, who clocked 46 goals and 96 assists in his first two NHL seasons with the Blackhawks, was given the Calder Trophy for best rookie.
August 11, 2009

SPORTS REPORTER

The cab driver who is the alleged victim of a beating by NHL star Patrick Kane and his cousin on Sunday didn't have a valid driver's licence at the time of the incident, the Buffalo News reported Tuesday.

The newsaper said Jan Radecki, 62, also has two drunk driving convictions.

Radecki had a cab licence in the City of Buffalo since May 1996 and became licensed with the city for a Chrysler minivan in 2003. Radecki's driver's licence, however, was revoked in December 1998 after he refused to submit to a chemical test, according to state Department of Motor Vehicle records. He was issued a conditional licence by the agency after the incident.

Four months later, in April 1999, Radecki's licence again was revoked, this time for a driving while intoxicated charge, according to state records.

According to City Court records, Radecki pleaded guilty to driving while intoxicated charges in February 1999. He was sentenced to 15 days in jail and three years' probation.

Radecki's lawyer, Andrew LoTempio, told the News:

"I know he went into [Alcoholics Anonymous] and has not drank since then."

His client also served no jail time for the conviction because the 15 days was a suspended sentence, he said.

LoTempio told reporters Monday he believed the incident was blown out of proportion, suggesting Radecki had mistaken the Kanes for college kids when he picked them up at 4 a.m. Sunday in a nightclub district.

LoTempio said it is usual for cabbies to lock riders in the cab to make sure they pay.

The Kanes paid $15 for a $13.80 fare, and got $1 change. The alleged beating and robbery took place when the cabbie said he did not have a further 20 cents for the two.

The Kanes have a felony hearing scheduled in Buffalo City Court on Monday. Patrick Kane has been invited to the Team USA Olympic Orientation camp, starting Monday.

Kane's lawyer, Paul J. Cambria Jr., said he would ask that the hearing be rescheduled for later next week. He also said he believes Kane will be exonerated once all the evidence comes to light.

Role of media


The irony of being in the fifth estate carries little value nowdays. During the recent civic strike, journalism skewed the story very badly.

Neutrality and the ability to discern facts seems to be a declining ethic of neutrality in journalism. A lot if stories during the strike were enhanced and embellished.

You can get trash off the ground but you can't get get out of television.

Saturday, August 08, 2009

Indignancy


Today I don't feel like chewing my cabbage twice.

Check today's entry over at the dump site in the link. Just look under the August 8th posting.


http://friendsofmossparkdump.blogspot.com/

Thursday, August 06, 2009

Hiatus if that is how you spell it

I am taking a few days off from this blog. I will likely be returning here by next Wednesday.

The reason is that I have a couple of projects that came up which are must do at the time.

The blog is always in the back of my mind but I think you would agree to the value of doing those projects first in priority. Its a Terry Fox kind of important.

Tuesday, August 04, 2009

Calling Walt


There isn't a damn thing that I can write in a blog today. Its frustrating. Probably the summer blahs.

With the garbage strike over, and with T.O. World back together like a sicko Disney Production, hopefully the ground known as common sense will return. From what I understand part of it already has.

Sunday, August 02, 2009

Grey strike

Spinning off of a strike, I am want to relax and put up my fingers.... Under the sun.... Watching the sky for weird looking clouds.

Down here in Southern Ontario its all weird looking clouds. My fingers belong to a union. Today they are refusing to pick my nose.

Saturday, August 01, 2009

Tortured soil, and a solid waste


For a place of good charm, the Toronto City Council showed that it could not cope with linear thinking. They mostly stuck to the political guns to ratify a union contract. Whatever was said, few balanced the issues.

Mayor David Miller stated in a news report that he wasn't responsible for the course of the strike. Nothing like leadership accountability Dave.

Remember, the Star is a Liberal paper. Consider the source when you read it. This article is included in this diatribe for the education and edification of the students of the Digital Watchers.


Toronto Star

David Miller finds little fault of his own in strike
August 01, 2009

David Miller is lifelessly draped across the corner of the mayoral couch, an image that presents a fair impersonation of Jean-Paul Marat after Charlotte Corday got her deathly hands on him.

Defeated – if not exactly dead – is what his opponents are hoping for.

"Frustrated" is the statesmanlike word chosen by the mayor after he rights himself and attempts a post-mortem on what went horribly wrong in managing what he insistently calls this "completely unnecessary" strike.

Amend that: "Frustrated and pissed off," is the mayor's state of mind.

He's furious at the cadre of councillors who tried to strike down the deal negotiated with city workers. He's maddened by what he calls the "recasting of history" that in his view has marked the whole sorry affair. And he is off the charts with the level of enmity he reserves for Councillor Case Ootes who, during a July 8 meeting of the city's employee labour relations committee, of which Ootes is not a member, stepped out to give a television interview on how negotiations appeared to be hopelessly stalled.

"Landslide Ootes walks out and does a media interview and speaks about what we had just been speaking about," says the really pissed-off mayor. "We call him `Landslide' sometimes because he only ... ."

It's probably best if we let Miller trail off at this point.

What Miller does not admit are the miscalculations made in positioning the negotiations in the minds of the public, selling them on a deal he now says he knew he could not deliver and exposing his own flank to a collective of councillors calling themselves the Responsible Government Group. Perhaps due to a mayor's office that appears to be structurally sheltered, not nimble, non-strategic, Miller's momentary failure, if it is only momentary, is not so much the deal itself but the politics of the deal.

Through the window behind him, the public square is not exactly abuzz. On the contrary, the city seems motionless, in a state of stasis, absent the verve the mayor promised to bring to the city and the office when he first swept to victory with that broom in the early winter of 2003. He is wearing a shirt with French cuffs, which is only worth mentioning because it accommodates the shiny cufflinks given to him by Infrastructure Minister John Baird, whose "f--- off" response to the city's failed request for stimulus funding will surely be included in the Miller biography, should it ever be written.

All the positive selling points Miller has accomplished for the city – getting Toronto's handling of the environment onto the world stage (he recently had framed a laudatory letter from former U.S. president Bill Clinton applauding Miller's efforts on this score); targeting at-risk neighbourhoods; Transit City – have faded, at least today, in memory. As he sifts the entrails of the 39-day strike he finds little fault of his own. "We always knew we'd have to give somewhere," he says of the negotiations that culminated most surprisingly with the option of the continued accrual of 18 sick days annually for city workers. "We achieved our goal. I really can't accept that anyone can see it in any other light whatsoever."

If there is a disconnect between the mayor and the people, that may well be it.

Let us pause.

On Wednesday, Miller gave a news conference. This is what he said: "The proposed agreement also eliminates the provision of bankable sick days to our employees by eliminating the provision to new employees and providing existing employees an option to take a payout or participate in a new short-term disability plan. This is how the elimination of sick banks has been done before in other jurisdictions ... and is the fair way to do it in the city of Toronto."

It was yet another miscalculation, for he failed to voluntarily lay out negotiated option Number 3 – the grandfathered sick bank accrual – insisting that the provision had been "eliminated." "Okay, so what's a better word?" he asked in our interview. "Removed? Discontinued? Stopped? Ended?"

Worse, the mayor had no upside to offer. "That press conference was supposed to be about telling Torontonians how their services were coming back," he says sourly. Instead, that news was put on hold pending agreement on back-to-work protocols for Local 416.

By Thursday, Miller was fronting yet another news conference, staring down the murder of oppositional councillors arrayed at the back of the member's lounge where the mayor briefs the press. Case Ootes. Karen Stintz. Denzil Minnan-Wong. "To suggest that our negotiations went outside the mandate is not only untrue, it's irresponsible, it's beneath contempt and it's beneath the very offices that these people hold," Miller thundered in oratory to rival Moses parting the Red Sea. By the way, the mayor added, no previous council had even attempted to do the hard work of getting the sick bank out of the contract.

Standing with his arms crossed, Case Ootes laughed lightly. "How does he know?" he said moments later. "In 2002 he was walking the picket line." (There's the trademark attack on Miller's politics.) "There were a lot of issues on the table and if my memory's right, that was one of them ... But we didn't get the opportunity because the province ordered the workers back to work."

Did Ootes think that, given the chance, council then would have been able to undo the provision for existing workers? "I don't know. I don't know. I have no idea. That's not the point. This mayor ... made a commitment to the people to get this off the books."

In fact, Miller has gotten it off the books. Not today, but in a process of phase-out not unlike myriad other jurisdictions, including Etobicoke pre-amalgamation. The former city of York had similar provisions. Miller says he was well aware of the pattern in bargaining that had been set, a pattern emphasized in a presentation to council and the public yesterday by Bruce Anderson, the city's chief negotiator. Money will be saved, eventually, thus addressing the current urgency expressed across both the private and public sectors to contain benefits costs.

Miller checks his BlackBerry to recall how and when the turning point occurred. He fingers Wednesday, the 15th, as the day he was briefed that Local 416, led by Mark Ferguson, was prepared to talk about the sick bank. "One of their principles was choice," says Miller, who refuses to see grandfathering as an undoing of the way the city had framed its position. "Not at all," he says. "Anybody on council who pretends to have that position just isn't being honest."

A week earlier, on July 8, the city's employee labour relations committee had approved the city's negotiating mandate, the third such motion since September. "Bruce Anderson said very clearly that grandparenting would be one of those options they would have to consider if they were going to get a settlement," recalls councillor Janet Davis, who sits on the committee. "I find it very difficult to understand how anyone in the labour relations committee could somehow suggest that they weren't aware. It was very clear."

Committee member Francis Nunziata, grabbing a smoke outside city hall, says no such thing was clear to her. "When I was briefed by the mayor this week I asked if sick days are off the table. He said absolutely." And they are – for new hires. If Nunziata was confused, it didn't stop her from moving the motion to approve the July 8 mandate.

On that date, all members were cautioned by outside counsel not to speak about the progress, or lack there of, in negotiations. At some point, Case Ootes left the room. Miller's wife, Jill Arthur, happened to catch the councillor on CP24 and emailed Miller to give him a head's up. Miller was furious. "I didn't talk about the strategy," Ootes says. "I talked in generalities that from what I saw in the meeting that the two sides were so far apart that this strike was going to continue for quite some time." Was that appropriate? "Absolutely ... As a representative of the public, it was my responsibility to tell them what they were in for."

Mark Ferguson, coolly watching council's antics yesterday – and they are plentiful and often embarrassingly schoolyardish – credits the effectiveness of provincial mediators as being "instrumental" in ultimately aiding negotiations. "The framework for the settlement was most definitely a framework presented by the provincial leaders," he says. Mediator Reg Pearson, he adds, was key in bringing the two sides closer together. (Ferguson additionally insists that contrary to Case Ootes's memory, eliminating the sick bank was not proposed in bargaining in 2002.) Ferguson, it must be said, looks like a very contented man with the deal now done, including a 6 per cent wage increase over three years.

Throughout it all, the mayor was regularly briefed. He says he slept pretty well. He kept up his daily runs down to the lake from his home in High Park, past two of the temporary garbage dumps set up during the strike. Is he happy with the way he framed the issues? "Well," he says. "I told the facts ... What would have been easy would be to give the unions 3 per cent and not try to make any changes in the collective agreement. Then I would have been severely criticized by the same critics for selling out."

He believes – well, he would wouldn't he – that the mess of the strike will end up being merely a political moment, and not an election issue. Time will tell that tale.

Is he running again? "Yes." Is he committed to that? "Yes." Will he change his mind in six months? "No."

"I'm not saying this is my career. I'm saying I'm intending to run for one more term. I've always said that you need three terms to do what's needed to be done in the city."

The wallpaper on Miller's BlackBerry is a photo of himself, taken at the Humber River Bridge staring out toward the CN Tower. A good moment. An artful contrast to the bad moment through which he has led the city.