Tuesday, June 02, 2009

Real News

There's a new news aggregator in town. Which is good timing, because there's actually some real news today, rather than the usual political games which are more fun, but less relevant in the scheme of things.

-It appears Jim Flaherty's great asset sale may include the CBC, VIA Rail, and a slew of other crown corporations. While there's a case to be made for unloading non-profitable corporations, this probably isn't the best market to do it in. And, in the case of the CBC and a few others, you need to look at the indirect benefits they create, which may not always show up in the ledger line.

-At the same time, both the Ontario and Federal government will be taking on a massive ownership stake in GM.


  • Stphen McNeil is the most amazing politician ever.

    J.E. Is a tool of the GM Machine,

    By Anonymous Anonymous, at 7:01 p.m.  

  • Under the Financial Administration Act, Parliament could vote down any attempts at privatizing these corporations. So they'll have to take the $4 billion loss.

    By Blogger Raphael Alexander, at 7:22 p.m.  

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