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Nothing “odd” about Canada

January 11, 2009 4 comments

Mark Steyn “columnist to the world” thinks it “odd” that Canada has so far escaped the brunt of the global recession.

In an interview Mark gave to blogger Hugh Hewitt, he says:

“ I think this is clearly not about cranking up the global economy and getting it functioning again. America is taking a hit on this. There’s a lot of other countries, beginning with Iceland, that are being hit far harder and far faster. And there’s some countries for whom the pain is relatively small like Canada, oddly enough.”

Let me tell you why this is so, Mark.

First, Canada has not engaged in wild military adventures that have drained our resources  — although we’ve come close to it in Afghanistan.

Second, after a  bit of a slow start, we’ve regulated our mortgage companies so that they can’t set up “no down payment” suckers for later foreclosures when high interest rates click in.

Third, we worked carefully to bring Canada out of deficit under Liberal prime minister Jean Chretien.

Nothing “odd” about all of this. Just good Canadian common sense.

Categories: Politics Tags: ,

Good news to make your day

January 11, 2009 Leave a comment

Amid all the bad news about death and destruction in Gaza and the deepening global recession, my friend Barry Francis phoned to suggest that  I try to find some good news to blog about.

I surprised myself by digging up quite a few good news items. Here’s a sampler:

air-force-onePresident George W. Bush took his last official Air Force One flight on Saturday to Virginia for a ceremony to place a warship named after his father into active duty. Now, that’s really good news!

The Royal Bank of Canada says monetary and fiscal stimulus are two reasons it is predicting the recession in Canada will be shorter than the two previous ones. The bank expects Canada’s economy to start growing again in the second quarter of this year.

The Illinois House of Representatives, in a historic display of anger and frustration, voted 114-1 Friday to impeach disgraced Gov. Rod Blagojevich and send him to trial in the state Senate. Blagojevich is claimed to have ridden  roughshod over the legislature, wasted millions of dollars in state money and tried to sell everything from state contracts to the former U.S. Senate senate of Barack Obama.

yo-yo-maFamed cellist Yo-Yo Ma received more honors for his Silk Road Project, which has the vision of conencting the world’s neighborhoods by bringing together artists and audiences around the globe. Ma, who inspired the creation of the Toronto Music Gardens, a unique waterfront park, was named musician of the year by Musical America magazine.

Magna International Inc., the big Canadian auto parts maker, has won a nice contract with Ford Motor Company (the only really solvent Big 3 carmaker) to supply key engine components for a new battery-powered compact car. Magna landed the deal by building a demo vehicle on spec. Innovation pays!

horses1Two horses, Sundance and Belle, are now in good hands after their rescue from snow-covered Mount Renshaw in British Columbia. Their owner had abandoned them. Volunteers from McBride, B.C., dug a trench through CTV Photo             2-metre snowbanks to bring out the animals. Now that they’re safe their former owner, Edmonton lawyer Frank Mac Kay, wants them back. Fat chance!

The Globe and Mail, recognizing the future of communication is the Internet and not the newspaper printing press, has revamped its weekly book pages to accommodate a predominance of online daily reviews, blogs, a book club and other literary chatter. Good to see one paper recognizing reality while others, like the Heast-owned Seattle Post-Intelligencer, go down the tube.

And finally, I leave you with this item — without comment:

Five Somali pirates drowned when a wave washed off their getaway boat as they squabbled over how to split their $3 million ransom. The ransom money had been dropped by air to end the world’s biggest ship hijacking.

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