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In Response to 'One Crisis Down, Two to Go' PDF Print E-mail
Written by Fred Bain   
Tuesday, 30 December 2008
May I offer some comments about Jim Stephenson's posting “One Crisis Down, Two to Go” ?

Firstly,  I agree with his statement, “Take the currently unfolding financial meltdown. It was anticipated.”

Our local BC Investment Management Group saw it coming two years ago and shifted some BC Pension Corporation funds away from what they saw as unstable investments.

The sub-prime issue was pressed into being and supported by the likes of Barney Frank and Chris Dodd of the US Congress. It, arguably, came about as part of the  the Community Reinvestment Act (CRA), which was a well intended effort to make housing affordable to many whom may not have been able to own a home. Many banks were opposed to the plan as they felt the loans that the Congress were pressuring them to make were “high risk” and should be avoided. Unfortunately, Congress insisted and it became law and ACORN picketed some of the banks until they gave in. Jim, you are right that George Bush did nothing to prevent this. He should have vetoed this toxic bill that Congress pushed though.

“Note:”As economic conditions in the country are worsening, Congress is taking the brunt of it. Since the start of the year, public approval of Congress has fallen from 23% to 14%, while approval of President George W. Bush has been more stable: 32% approved of the job he was doing in early January versus 31% today, with a range of just 28% to 34%.“ -Gallup, July 16, 2008”
 ,

At one point, I am told, US banks held up to 40% toxic or high risk paper. Canada's banks are doing well with about 4%.

Secondly, regarding global warming. Although “...the warning has been sounded from nearly every hilltop....”, I am relieved that “...only sporadic action has been taken.”

There are significant numbers of scientists that dispute this populous movement such as the 650 that offered their dissent at a recent UN Climate Change Conference in Poland.


Fred Bain

Last Updated ( Wednesday, 04 February 2009 )
 
The Golden Key: A Grimm's Fairy Tale PDF Print E-mail
Written by Lawrence Denef   
Saturday, 27 December 2008



Over the last decades our intuitive perception of and relation to the natural world and its dynamic rhythms has all but been eclipsed by our increased reliance upon reason and the pursuits of science.  The more we attempt to exert control over nature, the more we concentrate on technical means of subduing the earth, the less obvious the life forces operative within the cycles of nature become.  Eventually intellectual thought patterns all but displace emotional experiences and feelings, and persons inevitably become blind and insensitive to the vast range of experience still available to those whose hearts have not been hardened.

This, the shortest of Grimm's stories begins in mid-winter, at the time of the winter solstice (December 21).  The changing seasons of the year, the waxing and waning of life - budding (Spring), blooming (Summer), Fruition (August), and dormancy or death (Winter) - is a cycle familiar to fairy tales.  Each season is a window, a doorway opening into the mystery of life.  Each presents us with the metaphors, images and icons that invite us into the transformations of the human soul.


Last Updated ( Sunday, 28 December 2008 )
 
Fairy Tales Can Come True PDF Print E-mail
Written by Lawrence Denef   
Saturday, 20 December 2008


Fairy tales are one of the oldest forms of literature we have.  They originated and were transmitted orally, as stories told, not only for entertainment, but for the spiritual welfare of the individual or community. Some have called them “folk wisdom.” Others speak of them as myths and legends. All of them are metaphorical expressions of spiritual perceptions common to human beings; that is, they reflect the inner iconography of the mind, they reflect our common human condition, and they reflect the universal struggle for selfhood in which we humans find ourselves.

Each fairy tale in its own way deals with the reality of existence. It assumes that, this world is basically good, that this goodness is not merely concealed or hidden, but in the bondage of evil forces, and that there is the possibility of restoration.

In introducing a collection of Grimm’s Fairy Tales, the eminent poet, W. H. Auden says, “It is hardly too much to say that these tales rank next to the Bible in importance.” This note of appreciation isn’t at all surprising, since the stories in the Grimm collection, most familiar to us in the western world, emerged within the Christian culture of the Middle Ages and incorporated numerous elements of the Christian tradition such as: the blessedness of the poor, the meek, the persecuted, the pure in heart; the depiction of life as a journey, references to spiritual conflict, and the ultimate victory of life over death.

Last Updated ( Saturday, 20 December 2008 )
 
Driving Tips you Didn’t Get in School PDF Print E-mail
Written by Lawrence Ruskin   
Wednesday, 10 December 2008


This is an update of an article I wrote when I was in the Lions Bay Fire Department. In those days there was a lot of head-on crashes and I figured, because I’d been to hundreds of wrecks, I might be able to do something to help the situation. The highway has been modernized but while that will certainly reduce the head on accidents, it has it’s own set of problems.

Getting a car that will perform well if you have to brake hard or avoid an obstacle is important on our now high-speed highway. Jeeps, minivans, trucks, and sport utility vehicles do not do anywhere as well as a mid-sized passenger car in this regard. Jeeps and other types of cars that sit high off the road will roll over if you turn them sharply at speed; this can be a hazard to your health. I've seen lots of examples of this and only by this type of car. I've only seen one passenger car rollover, and he was a really bad driver.
   
If you drive a compact car don’t expect to do too well in a front-ender, there is very little to these cars. They in fact, will fold up and trap your legs, need I say more?
   
The safest cars on the road come from Europe, mainly Sweden and Germany. American and oriental cars are always playing catch up. Decide for yourself, the information is on the Net; www.hwysafety.org or www.insure.com.
Also, if you buy a safer car it may cost you more but it will have a higher resale value.
 

Last Updated ( Thursday, 11 December 2008 )
 
Christmas is Coming; The Mail Box is Getting Fat.... PDF Print E-mail
Written by Vaughan Bates   
Monday, 01 December 2008

Spare a thought for your local postman this Christmas. The amount of incoming mail increases hugely but the mail boxes remain the same size!
The following will help ease the flow of mail:
 
ó     Empty your box regularly, especially if you receive bulky magazines.
ó     There are six deliveries a week including Saturdays – please check your box at the weekend.
ó     Collect parcels as soon as the card appears in the box.
ó     Ensure the box number is on ALL items.
ó     Put a hold on mail at the Post Office counter in the store if going away – it costs $7 a week.
ó     If the box is full and no more mail can be delivered items will be returned to sender.
 
Every day over a hundred items arrive with an incorrect or without a box number in the address.  Please ensure all your senders, including utilities,
use the correct box number – if items cannot be matched to a home readily they may be returned.
 
Thank you for helping us through this busy time!

Last Updated ( Wednesday, 03 December 2008 )
 
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