Resolutions for CAP Convention The 2008 convention of the Canadian Action Party/Parti Action Canadienne will be held in Ottawa August 22,23,24 on the campus of Carleton University. The convention is convened under the provisions of the party Constitution, governing the election of the party leader, election of the national executive and adoption of policies and resolutions by the membership. [Program] [More] History Should Not be Reserved for Post Mortems The forerunners of President Bush and Prime Minister Harper in trying unsuccessfully to conquer Afghanistan include: Darius the Great (6th century
BC): Plagued by constant uprisings, the Persians never established
effective control. |
Iffiness
Entangles the Worlds Bank Bailouts --A bit like the risk controls of diced and sliced subprime mortgage packages. But this time the shoddy game is with the legal tender of the US, and to an extent of the world. More Washington's New World The ugly financial results of Countrywide Financial, America's largest mortgage lender, show no sign of abating. In the last three quarters it has lost $2.5 billion, according to financial filings. More Fannie and Freddie Orphaned We risk heading towards a still greater mess than that of the 1930s. I say “greater,” because the technology of mass extermination has, unlike the teaching of economics, made fantastic progress since those primitive days.aMore While We Were Predicting the Worst, It Had Already Come to Pass Canada's unspoken shame - the basic act structuring our economy is still intact on the law books - but it is completely disregarded by both the central bank and the government. More |
The Future of Money? A proposed new method of bookkeeping would eliminate new national debt and the accompanying fantasy of ever paying it off, an impossibility which presently clouds all discussions of government spending. More Should Our Universities be Named as Co-defenders in the Subprime Pricing Trials? If the fare to which mathematics is applied does not correspond to the reality of the problem, the result is doomed to be misleading nonsense leading to catastrophic results. More The Final, Fatal Knot of Derivative-driven Equilibrium Economics But with financial woes mounting, some investors are betting they may profit from weighing an unthinkable question: Could the US government default? More Costs of Acting as a Bully There is no clear line between invaders and victims in Iraq or other militarily contested lands. War and the politics of greed that lead into it, takes their toll on what may remain of humanity on either side. More |
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A Murky
Internationalism The government itself will find its debt to have become non-prime before it even realizes. And when that happens, everything that the US and world economies are already reeling under will appear childs play. More We've Gnawed the Bones of the Helpless Clean. Now Let's Get Into the Marrow! People are losing their homes because the banks were unfair. Now weve got the credit card industry. And people will end up in debt for the rest of their lives, and maybe we ought to do something. More |
Gasoline
Prices Leave No Money to Maintain the Roads to Drive On It is of the nature not only of economics, but of most things that everything sooner or later interrelates. More The Medium is the Message The air is full of menace, the specific nature of the threat is less important. It is the purest Marshall McLuhan... More Hedge Funds Everywhere! It is no accident that hedge funds that used to walk on gum-shoes with great discretion, suddenly seem to be all over the globe taking control. More |
What the Ordinary must Know About the Different Kinds of Banking With the abolition of the statutory reserves in Canada and a few other countries between 1991-3, the speculative finance sector took over our economy. More Warfare Supposedly to Bring Democracy Abroad, Brutalizes Government at Home These people were in school. They were achieving. It has ripped the heart out of the community. Once you've cried for two straight weeks, you run out of tears. But it doesnt mean you stop feeling. More |