The recent LCBO report says that ‘People are buying Pinot Noir and Ripasso’. Roughly translated the message is ‘we’d like more people to buy these, and other wines in the $16–$20 range, and not the cheap South American stuff. Please be trendy and support our profits.’
[. . .]
In case you’re not clued into the workings of LCBO promotions I suggest you read the fine print on the inside back cover ‘this advertising is paid for by participating suppliers’. It’s no different than all the other fliers.
Billy Munnelly, “LCBO Trend Report”, Billy’s Best Bottles Wine Blog, 2011-04-20
May 3, 2011
QotD: The LCBO’s Trend Report
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May 2, 2011
Radley Balko: “He won”
A distressing round-up of the lifetime achievements of the late Osama Bin Laden:
We have also fundamentally altered who we are. A partial, off-the-top-of-my-head list of how we’ve changed since September 11 . . .
- We’ve sent terrorist suspects to “black sites” to be detained without trial and tortured.
- We’ve turned terrorist suspects over to other regimes, knowing that they’d be tortured.
- In those cases when our government later learned it got the wrong guy, federal officials not only refused to apologize or compensate him, they went to court to argue he should be barred from using our courts to seek justice, and that the details of his abduction, torture, and detainment should be kept secret.
- We’ve abducted and imprisoned dozens, perhaps hundreds of men in Guantanamo who turned out to have been innocent. Again, the government felt no obligation to do right by them.
- The government launched a multimillion dollar ad campaign implying that people who smoke marijuana are complicit in the murder of nearly 3,000 of their fellow citizens.
- The government illegally spied and eavesdropped on thousands of American citizens.
- Presidents from both of the two major political parties have claimed the power to detain suspected terrorists and hold them indefinitely without trial, based solely on the president’s designation of them as an “enemy combatant,” essentially making the president prosecutor, judge, and jury. (I’d also argue that the treatment of someone like Bradley Manning wouldn’t have been tolerated before September 11.)
The list, unfortunately goes on.
Yes, bin Laden the man is dead. But he achieved all he set out to achieve, and a hell of a lot more. He forever changed who we are as a country, and for the worse. Mostly because we let him. That isn’t something a special ops team can fix.
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April 26, 2011
CBC headline: “Layton open to constitutional talks with Quebec”
Oh, crikey. Because that’s exactly what we need to do to continue our recovery from the recession — re-open the constitutional debate all over again:
NDP Leader Jack Layton is willing to reopen talks on the Canadian Constitution in an effort to get Quebec to sign the document once there was a “reasonable chance of success.”
Layton was asked about the issue of constitutional talks on Tuesday in Montreal, where he is trying to capitalize on an apparent sharp increase in support for the NDP in recent public opinion polls.
The NDP leader, however, said he does not think the federal government should enter into constitutional negotiations with the provinces until “there is some reasonable chance of success.”
“It’s not a question of appeasing anybody. We have an historic problem. We have a quarter of our population who have never signed the Constitution. That can’t go on forever,” Layton said.
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April 19, 2011
April 18, 2011
Oh, stop worrying: everything is going according to the plan!
Julian Sanchez notes a fascinating parallel:
Batman’s archnemesis the Joker — played memorably by Heath Ledger in 2008′s blockbuster The Dark Knight — might seem like an improbable font of political wisdom, but it’s lately occurred to me that one of his more memorable lines from the film is surprisingly relevant to our national security policy:
You know what I’ve noticed? Nobody panics when things go “according to plan.” Even if the plan is horrifying! If, tomorrow, I tell the press that, like, a gang banger will get shot, or a truckload of soldiers will be blown up, nobody panics, because it’s all “part of the plan.”
There are, one hopes, limits. The latest in a string of videos from airport security to provoke online outrage shows a six-year-old girl being subjected to an invasive Transportation Security Administration patdown — including an agent feeling around in the waistband of the girl’s pants. I’m somewhat reassured that people don’t appear to be greatly mollified by TSA’s response:
A video taken of one of our officers patting down a six year-old has attracted quite a bit of attention. Some folks are asking if the proper procedures were followed. Yes. TSA has reviewed the incident and the security officer in the video followed the current standard operating procedures.
While I suppose it would be disturbing if individual agents were just improvising groping protocol on the fly (so to speak), the response suggests that TSA thinks our concerns should be assuaged once we’ve been reassured that everything is being done by the book — even if the book is horrifying. But in a sense, that’s the underlying idea behind all security theater: Show people that there’s a Plan, that procedures are in place, whether or not there’s any good evidence that the Plan actually makes us safer.
The real secret weapon of the “China economic miracle”
Chriss W. Street thinks the Chinese banks are about to suffer a crisis moment:
It is ironic that China is demanding greater control of the World Bank and International Monetary Fund, just as the nation’s banking system is about to be devastated by the white hot flames of inflation.
From a distance, China’s economy seems to be the poster child of sustainable growth. Recent government reports show the economy expanding by 9.7%, retail sales up a blistering 17.4%, foreign reserves at $3 trillion, and inflation only 5.4%. But these statistics mask a dark side; Chinese communist authorities have been artificially holding down fierce inflationary pressures by subsidizing consumer prices.[. . .]
The less known and far more important secret-weapon of the “China Economic Miracle” is the absolute control of the banking industry by China’s four largest state-owned banks (“SOB”); Industrial and Commercial Bank, Agricultural Bank, People’s Bank of China and Construction. Since the government does not provide adequate social welfare programs and restricts its citizen’s investment options to bank accounts, about 40% of Chinese household income is deposited in SOBs each month. The SOBs then leverage the deposits by ten times and loan 75% of this massive amount of cash at extremely low interest rates to state-owned-enterprises (“SOE”). The other 25% of lending is allocated to real estate development.
China is no stranger to bankers making risky loans to communist party officials and their crony real estate developers. During the Asian Financial Crisis of the mid-1990s, it is estimated that 40% of all SOB loans were non-performing and most were written off. The Chinese paid for the SOB losses with a 76% devaluation of their currency that crushed the people’s buying-power by 76%. From 1997 to 2004 Chinese frivolous lending was somewhat restrained, but since 2003 the bureaucrats have mandated a massive expansion of lending. In comparison to the U.S. and Europe where bank lending is flat, SOBs have been expanding loans by 25% annually.
H/T to Jon for the link.
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Malinvestment the next big problem for China?
Nouriel Roubini thinks that the Chinese central planners are missing the clues about overinvestment in their infrastructure binge:
China’s economy is overheating now, but, over time, its current overinvestment will prove deflationary both domestically and globally. Once increasing fixed investment becomes impossible — most likely after 2013 — China is poised for a sharp slowdown. Instead of focusing on securing a soft landing today, Chinese policymakers should be worrying about the brick wall that economic growth may hit in the second half of the quinquennium.
Despite the rhetoric of the new Five-Year Plan — which, like the previous one, aims to increase the share of consumption in GDP — the path of least resistance is the status quo. The new plan’s details reveal continued reliance on investment, including public housing, to support growth, rather than faster currency appreciation, substantial fiscal transfers to households, taxation and/or privatization of state-owned enterprises (SOEs), liberalization of the household registration (hukou) system, or an easing of financial repression.
China has grown for the last few decades on the back of export-led industrialization and a weak currency, which have resulted in high corporate and household savings rates and reliance on net exports and fixed investment (infrastructure, real estate, and industrial capacity for import-competing and export sectors). When net exports collapsed in 2008-09 from 11 percent of GDP to 5 percent, China’s leader reacted by further increasing the fixed-investment share of GDP from 42 percent to 47 percent.
Thus, China did not suffer a severe recession — as occurred in Japan, Germany, and elsewhere in emerging Asia in 2009 — only because fixed investment exploded. And the fixed-investment share of GDP has increased further in 2010-2011, to almost 50 percent.
The problem, of course, is that no country can be productive enough to reinvest 50 percent of GDP in new capital stock without eventually facing immense overcapacity and a staggering nonperforming loan problem. China is rife with overinvestment in physical capital, infrastructure, and property. To a visitor, this is evident in sleek but empty airports and bullet trains (which will reduce the need for the 45 planned airports), highways to nowhere, thousands of colossal new central and provincial government buildings, ghost towns, and brand-new aluminum smelters kept closed to prevent global prices from plunging.
H/T to Publius for the link.
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April 17, 2011
April 11, 2011
Election bombshell in leak of Auditor General’s report?
The Winnipeg Free Press has a potentially explosive article about a leak of part of the Auditor General’s report:
The Harper government misinformed Parliament to win approval for a $50-million G8 fund that lavished money on dubious projects in a Conservative riding, the auditor general has concluded.
And she suggests the process by which the funding was approved may have been illegal.
The findings are contained in the draft of a confidential report Sheila Fraser was to have tabled in Parliament on April 5. The report analyzed the $1-billion cost of staging last June’s G8 summit in Ontario cottage country and a subsequent gathering of G20 leaders in downtown Toronto.
It was put on ice when the Harper government was defeated and is not due to be released until sometime after the May 2 election. However, a Jan. 13 draft of the chapter on the G8 legacy infrastructure fund was obtained by a supporter of an opposition party and shown to The Canadian Press.
This could be the big break that the opposition parties have been waiting for: the leak is just about perfectly timed for maximum effect (just before the first debate), and the Auditor General has refused to discuss the news story or to give any interviews during the election campaign.
Wormme mashes up Theodore Sturgeon and Frederick Winslow Taylor
wormme read an older Atlantic article linked from Instapundit and had this to say:
Via Insty, this is one of the best things I’ve ever read. It eviscerates the myth of management competence the way that Joe Biden destroys the idea of government competence. But let’s take a step back from the specifics of business management. Look at all the other occupations that share management’s main trait.
Because in reality they’re all the same thing.
Here’s some fields in which competence is assumed, all evidence to the contrary: government, law, management, education, economics, scholarship, and all journalistic media.
Notice what they all have in common? As a primary feature?
Jaw flappin’, tongue waggin’, hot air spewin’ talkety talk talk words blah blah blah.
“Them that can, do. Them that can’t, teach.” And manage and report and govern. But you don’t hear that adage anymore, do you? The Talkers have brainwashed people into thinking they’re Doers as well.
I expect this is the thing that actually brings down Western Civilization. The Doers letting the Talkers take over the Doings.
The chin-waggin’ industries want “ex cathedra” status for their every mumble. How do they repay? By finding nothing but fault in the Doers: industries, energy production, “big box” stores, etc., all the way down to the evil of the Happy Meal.
This still wouldn’t have spelled civilization’s doom, had the Talkies remained apart. Journalism in particular is supposed to report on lies and wrongdoing. And they do so with gusto, when investigating Doers. Do you ever see them going after fellow Talkers like that? They’re in cahoots. Total…cahoots.
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April 10, 2011
April 9, 2011
Upheaval in Finnish politics?
Ilkka is enjoying the spectacle of the “right-thinking” (i.e., left-thinking) folks in Finland who are horrified at the rise of a new party:
Canada will have yet another federal election that will bring yet another minority government, and back in the old country, the parliamentary elections have begun with the first early voting days, and the right-wing protest party True Finns is predicted to grab a significant chunk of the parliamentary seats. The impotent tantrum of the SWPL greens and leftists, along with the media that they still mostly control, reacting to the cognitive dissonance of the working class abandoning them has certainly been a laugh riot. Besides, this whole surge illustrates how just one voice of just the right pitch can smash a sufficiently ossified, smug and complacent echo chamber to little shards of glass by its mere existence. One can only imagine what the Finland of the 1970’s would have been like, had the Internet existed back then to give these voices a voice, as all leftism and progressivism can keep the reality at bay only if they get to have a totalitarian control of all media to constrain the parameters of debate.
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April 7, 2011
Wil Wheaton gets the “special” treatment from the TSA
The TSA just got another rave review from a traveller who got the full treatment and didn’t like it:
Yesterday, I was touched — in my opinion, inappropriately — by a TSA agent at LAX.
I’m not going to talk about it in detail until I can speak with an attorney, but I’ve spent much of the last 24 hours replaying it over and over in my mind, and though some of the initial outrage has faded, I still feel sick and angry when I think about it.
What I want to say today is this: I believe that the choice we are currently given by the American government when we need to fly is morally wrong, unconstitutional, and does nothing to enhance passenger safety.
I further believe that when I choose to fly, I should not be forced to choose between submitting myself to a virtually-nude scan (and exposing myself to uncertain health risks due to radiation exposure), or enduring an aggressive, invasive patdown where a stranger puts his hands in my pants, and makes any contact at all with my genitals.
When I left the security screening yesterday, I didn’t feel safe. I felt violated, humiliated, assaulted, and angry. I felt like I never wanted to fly again. I was so furious and upset, my hands shook for quite some time after the ordeal was over. I felt sick to my stomach for hours.
This is wrong. Nobody should have to feel this way, just so we can get on an airplane. We have fundamental human and constitutional rights in America, and among those rights is a reasonable expectation of personal privacy, and freedom from unreasonable searches. I can not believe that the TSA and its supporters believe that what they are doing is reasonable and appropriate. Nobody should have to choose between a virtually-nude body scan or an aggressive, invasive patdown where a stranger puts his or her hands inside your pants and makes any contact at all with your genitals or breasts as a condition of flying.
H/T to occasional commenter “Da Wife” for the link.
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April 5, 2011
China’s High Speed Railways: not for the masses
Reports of corruption among top officials and soaring costs for China’s HSR network:
. . . question-marks have been raised over these plans after the sacking in February of Liu Zhijun, the minister responsible for building the high-speed network. He was accused of skimming off as much as 1 billion yuan ($152m) in bribes and of keeping as many as 18 mistresses. Zhang Shuguang, another top official in the railways ministry, was later dismissed for corruption. Separately, on March 23rd, state auditors reported that $28m had been embezzled from the 1,300km high-speed line between Beijing and Shanghai, the highest-profile of China’s many rail projects.
Public support for high-speed trains is muted. The trains may reach 350km per hour but fares are proportionately eye-watering. That is all right for well-heeled travellers, happy to have an alternative to flying. But tens of millions of poor migrants who work far afield and flock home for the Chinese new year are being priced out the rail market and have to go by bus (the number of bus journeys is soaring).
The sacking of top officials may be the result merely of one of China’s periodic anti-corruption campaigns. Or it may be the upshot of a high-level factional or personal battle, in which corruption charges are often a favourite weapon. If so, the dismissals would not necessarily affect railway development.
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The Wikileaks view of Indian politics
Pankaj Mishra talks about the ongoing release of information on India and the political and mercantilist string-pullers who infest every government function:
Food prices become intolerable for the poor. Protests against corruption paralyse the national parliament for weeks on end. Then a series of American diplomatic cables released by WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck.
This sounds like Tunisia or Egypt before their uprisings, countries long deprived of representative politics and pillaged by the local agents of neoliberal capitalism. But it is India, where in recent days WikiLeaks has highlighted how national democratic institutions are no defence against the rapacity and selfishness of globalised elites.
Most of the cables — being published by the Hindu, the country’s most respected newspaper in English — offer nothing new to those who haven’t drunk the “Rising India” Kool-Aid vended by business people, politicians and their journalist groupies. The evidence of economic liberalisation providing cover for a wholesale plunder of the country’s resources has been steadily mounting over recent months. The loss in particular of a staggering $39bn in the government’s sale of the telecom spectrum has alerted many Indians to the corrupt nexuses between corporate and political power.
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