Sunday, 12 February 2017

CANADIAN DAILY DIGEST f=February 11, 2017


The DAILY DIGEST: INFORMATION and OPINION
>>>>>>>>>>>>>>>HEADLINES ACROSS CANADA <<<<<<<<<<<<<<<

CBCBritish Columbia Calgary Edmonton Saskatchewan Manitoba Thunder Bay Sudbury Windsor Kitchener-Waterloo Hamilton Toronto Ottawa Montreal New Brunswick  Prince Edward Island Nova Scotia  Newfoundland & Labrador

North CTV Atlantic  CTV Montreal  CTV Ottawa  CTV Toronto CTV Northern Ontario CTV Kitchener CTV Winnipeg CTV Regina CTVSaskatoon CTV Calgary CTV Edmonton CTV British Columbia

>>>>>>>>>>>>>>>NATIONAL NEWSWATCH<<<<<<<< http://www.nationalnewswatch.com/

Canadians protest Liberals� broken electoral reform promise across the country

Concern expressed about release of man who killed Greyhound bus passenger
        Criminal courts scramble to meet Supreme Court�s new trial timelines
PM Trudeau should ignore �dangers,� focus on opportunity with Trump: former ambassador
        Dramatic increase in people having Canadian citizenship revoked since Trudeau elected

Possible NDP leader candidates could energize the party
        Justin Trudeau unlikely to raise differences with Trump on Monday
Leitch rebuffs Trudeau�s shot by calling prime minister �fringe�
        Enter the dragon � How Kevin O�Leary wants to change Canada
Ambassador Sarah Palin? No, thanks.

        

Finding order in the Trump chaos will be job one for Trudeau: H�bert
Trudeau gets ready to walk a Trump tightrope

        

Collective resistance is only way to contain the Trump threat
Justin Trudeau, here�s how you deal with Donald Trump

        

Power Play: PM�s electoral reform �fear mongering�
Alberta PC party careening down the tracks to leadership vote

        

Here�s how Trudeau could say sorry for breaking his electoral reform promise

Liberals looking to eliminate many mandatory minimum sentences, justice minister says
        MPP Jagmeet Singh makes a splash in GQ
�I�m confident,� says Jason Kenney as PC party looks at complaint
        Amid Leitch furor, Trudeau defends �turning back� on electoral reform promise
NDP ministers scale back from international travel spending of Tories
        Selling SaskTel potential landmine for Brad Wall government: prof
Ontario cabinet ministers urged to trumpet trade with US in Trump era
        Alberta Premier Notley heading to Washington at month�s end to talk trade
Ex-Quebec minister will run to replace Stephane Dion in Montreal riding: source
        Michelle Rempel demands more from politics�on the left and right

Ambrose backs united provincial right; PC member files complaint against Kenney
        Ottawa took years to warn Ontario First Nations about fraud
Justin Trudeau says electoral reform is �not in the best interest of the country�
        Former Supreme Court Justice John Major to chair Liberals� firearms advisory committee
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/

Are Canada�s politicians starting to change their tone on immigration?

Finding order in the Trump chaos will be job one for Trudeau - Chantal H�bert, Toronto Star
        MPP Jagmeet Singh makes a splash in GQ - Robert Benzie, Toronto Star
The big issues that could be on the Trump � Trudeau agenda - Aaron Hutchins, Macleans
        Trudeau�s �canoes and paddles� remark called borderline racist by First Nations MP - John Paul Tasker, CBC News
Independent B.C. politician says premier�s hacking claims are laughable - The Canadian Press, CTV News
        Phoenix implementation a �big steaming pile� left for us, Trudeau says - Matthew Kupfer, CBC News
Electricity prices spur renewed push to have Hydro One $100,000-plus salaries on the �sunshine list� - Rob Ferguson, Toronto Star
        What tone should Trudeau adopt when he meets Trump? - CTV News
Trudeau plans to connect with Trump on jobs but steer clear of immigration ban - Robert Fife, The Globe and Mail
        Air Canada unveils new looks for staff and fleet- CTV News
Canada�s surprise job surge signals economy turning corner after two hard years- Leah Schnurr, Reuters, Financial Post

TOUTES LES NOUVELLES PUBLIES DEPUIS 24 HEURES http://fr.canoe.ca/infos/aujourdhui/

Une Montr�alaise g�n�reuse envers les sans-abrisPlus
        Motel transform� en serre de cannabis: comparution complexePlus
La fin de la reconstruction du man�ge militaire pr�vue en 2018Plus
        Accident mortel: le chauffeur d'un camion d�fectueux accus�Plus
Premi�re vague d'op�rations anti-clandestins aux �tats-UnisPlus
        Une manifestation pour d�fendre la r�forme �lectoralePlus
Ottawa investit 404 millions $ pour des v�hicules militairesPlus
        La premi�re ministre polonaise hospitalis�ePlus
Nouvelle-Z�lande: nouvel �chouage de baleinesPlus
        Un entra�neur de soccer de nouveau arr�t�Plus

R�compense offerte pour retrouver l'ex-pr�sident ToledoPlus
        Trump envisage un nouveau d�cret anti-immigration Plus
Will Baker (Vince Li) obtient une lib�ration inconditionnellePlus
        Douanes: Trudeau doit d�fendre les Canadiens musulmansPlus
Trump reconna�t la �Chine unique� et apaise P�kinPlus
        La D�l�gation g�n�rale du Qu�bec � New York �crit au Washington PostPlus
Circonscription Maurice-Richard: le combat se poursuitPlus
        Trump re�oit Abe � la Maison-BlanchePlus

FOREIGN AFFAIRS & GENERAL INFO

>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<< http://looniepolitics.com/
Trump gets ready for some golf course diplomacy with Japan�s Abe - Darren Samuelsohn, Politico
        Report: Trump upset at Spicer for saying Conway was �counseled� - Nikita Vladimirov, The Hill
Kellyanne Conway�s lengthening gaffe track - Sarah Westwood & Gabby Morrongiello, Washington Examiner
        What Trump could learn from George Washington�s first executive order - Cleve R. Wootson Jr., Washington Post
A Game Plan for Senate Democrats - Sarah Binder, New York Times
        Russia suspected over hacking attack on Italian foreign ministry- Stephanie Kirchgaessner, The Guardian
Trump backs One China policy in �cordial� call with Xi- BBC News
        South African lawmakers brawl during Zuma�s keynote speech- France 24
Iranians celebrate 1979 revolution with rallies- The Associated Press, The Times Of India
        Kremlin: Turkey gave target for mistaken Syria strike- Al Jazeera

>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<< http://www.dailystar.com

Germany to elect new president; Steinmeier the favorite
        NATO says it sees sharp rise in Russian disinformation since Crimea seizure
EU's Juncker doubts bloc will remain united as negotiates Brexit
        EU at pains to punish VW over 'dieselgate' scandal
15,000 European Kurds protest for leader's release
        Poles protest plans to expand Warsaw in apparent power grab
Fears of escalation after militias enter Libya's Tripoli
        Iran allowing Syria-bound Russian planes to use airspace: report
Turkey to hold referendum on stronger presidency on April 16
        �Alternative facts� threaten EU: official

Putin hails Slovenia offer to host Trump meeting
        Soon time to watch for rising global inflation?
Russia halts clash between Syrian army, rebels
        Trump says Israel should be �reasonable� in peace process
Making mannequins: Unlikely business in an Egypt village
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From: Andy Jones

Joe if you really want to know about Climate Change, it is not global warming anymore, here is a book for you to read.  Hubris by Michael Hart. It is a hard read but he was a negotiator for free trade and has done a great job in exposing many of the untruths that are constantly being put forward by guys like Gore and Suzuki.  

Andy

===================================
From: Larry Kazdan
To: editorial@waterloochronicle.ca
Subject: Re:  Canada�s AAA Rating on thin ice as Trump policies threaten trade, Feb. 10
http://www.waterloochronicle.ca/news-story/7124491-canada-s-aaa-rating-on-thin-ice-as-trump-policies-threaten-trade/

The credit rating agencies gave triple-A grades to investments containing sub-prime mortgages. Those investments subsequently collapsed. 

The agencies also began reducing Japan's rating in the 1990s because of its high debt-to-GDP ratio, but nonetheless investors continue to buy Japanese bonds today even at negative interest rates. Those investors understand that sovereign countries with floating fiat currencies can never be forced into default.  As former Chairman of the U.S. Federal Reserve Alan Greenspan has stated,"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."

Credit ratings should be ignored  -  they have been seriously compromised by conflicts of interest and by misunderstanding of sovereign debt as applied to countries like Canada. 

Footnotes:

1. Alan Greenspan, "We can always print money..."
https://www.youtube.com/watch?v=q6vi528gseA

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."

2. What is the risk of sovereign default?
http://bilbo.economicoutlook.net/blog/?p=6857


In November 1998, the day after the Japanese Government announced a large-scale fiscal stimulus to its ailing economy, Moody�s made the first of a series of downgradings of the Japanese Government�s yen-denominated bonds, by taking the Aaa (triple A) rating away. By December 2001, they further downgraded Japanese sovereign debt to Aa3 from Aa2. Then on May 31, 2002, they cut Japan�s long-term credit rating by a further two grades to A2, or below that given to Botswana, Chile and Hungary.
***
In the New York Times the logic of the rating was questioned:
How � could a country that receives foreign aid from Japan have a better rating than Japan itself? Japan, with an economy almost 1,000 times the size of Botswana�s, has the world�s largest foreign reserves, $446 billion; the world�s largest domestic savings, $11.4 trillion; and about $1 trillion in overseas investments.

The Telegraph article said of Japan:

Bizarrely, securities backed by mortgages sold to people without the income to service the debt they were taking on were being judged a better credit risk than the sovereign government of Japan, with the ability in extremis both to raise taxes and print money to avoid a default.


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