Canada Bleeding Private Jobs, Vancouver Home Sales Plunge 16.7 Percent: Crash Awaits
Canadian Awareness Network
November 5, 2012
by: Michael Shedlock
globaleconomicanalysis.blogspot.ca
The Financial Post has an interesting story on the state of the Canadian jobs market. It seem over 100% of job growth is from government jobs.
Please consider Employment numbers hide the fact Canada is bleeding private sector jobs
Canada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs.
The 1,800 jobs added was already a disappointment compared with the 10,000 economists had forecast. According to Statistics Canada, that left the unemployment rate unchanged at 7.4%.
The six-month average for jobs gains is now 29,400, according to Reuters. But it’s a very different story when you look at the private sector and public sector separately.
“Details of the report were much worse than the headline number with the private sector showing a loss of 21,000 in October, the fourth decline in six months,” said Matthieu Arseneau, senior economist with the National Bank of Canada. “Over the period, the private sector is actually showing a loss of 12,000 jobs, compared to a surge of 76,000 jobs in the public sector.”
“With earnings of TSX companies down 30% so far in the third quarter, we do not expect a hiring spree anytime soon,” he said.
It is good to see a realistic comments from analysts. Matthieu Arseneau, is spot on with his comments.
Vancouver Home Sales Plunge 16.7 Percent
The Globe and Mail reports Vancouver home prices sink 3.4% from peak as sales plunge
Home sales in the Vancouver area plunged 16.7 per cent in October from a year earlier, though picked up markedly from September.
In an indication of how that market’s performing, sales were 28.5 per cent below a 10-year October sales average of 2,700, the Real Estate Board of Greater Vancouver said today, while the composite benchmark price for residential properties is down 3.4 per cent from its peak of $625,100 in May.
Along with Toronto, Vancouver has been a worry spot for observers. The country’s housing market has cooled notably since the latest round of government efforts to tighten the mortgage market, though most economists don’t envision a meltdown.
Economists never envision a meltdown. But a massive meltdown is coming anyway. I must admit the pool of greater fools in Vancouver and Toronto was far, far bigger than I thought possible, but at long last the pool seems to have dried up. A crash awaits.
Atomic industry bankrolls Japan’s nuclear watchdog
Fukushima Update
November 4, 2012
via RT.com
Members of Japan’s nuclear watchdog who are charged with drafting nuclear safety rules have received sizable funds from the atomic industry. The reports raise concerns that regulations may be diluted after last year’s Fukushima nuclear disaster.
The Japanese Nuclear Regulation Authority (NRA) said that four of the six members of the panel had been in receipt of over $500,000 that took the form of grants, donations and compensation over the past three to four years.
The panel members are required to declare their financial records and income, but there is no condition for their removal should previously withheld data come to light. The NRA pointed out that all of the transactions were legal and above board.
The NRA defended the panel, saying that the members were “selected in line with rules, and there should be no problem.” They dismissed critics that the on-going financial support by the atomic industry would wield any influence over the forthcoming nuclear safety regulations being drafted by the panel.
Of the four members of the watchdog, Akio Yamamoto, a professor from the University of Negoya was granted over $300,000 by Mitsubishi Heavy Industries Ltd which produces equipment for reactors in Japan, while Akira Yamaguchi, a professor at Osaka University totted up over $120,000 in funds from Japan Atomic Power Co.
In addition, University of Tsukuba professor Yutaka Abe received a combined $62,000 from a number of bodies affiliated with the Japanese atomic industry. The fourth member of the watchdog, researcher Tomoyuki Sugiyama got around $37,000 in grants from state-run Japan Atomic Energy Agency.
Japanese newspaper publication the Tokyo Shimbun said on Saturday that the funding may see the panel dampen measures “to reflect the utilities’ wishes.”
The NRA was formed in the wake of protests calling for a more independent safety watchdog for the nuclear power industry, following the Fukushima nuclear disaster caused by the earthquake and tsunami on March 11 of last year.
The former body charged with imposing nuclear safety standards was the Nuclear and Industrial Safety Agency (NISA) industry watchdog which was part of the Ministry of Economy, Trade and Industry. It came under fire following the Fukushima meltdown, condemned as a “nuclear village” with overly close economic ties.
A large part of the newly-formed NRA is made up of ex-members of NISA.
Currently, the only one of Japan’s 50 nuclear reactors functioning is under inspection to see if earthquake faults close to the plant threaten its safety. The plant in question, located in Ohi on Japan’s West coast was turned on again in July.
Japan deactivated all of its nuclear reactors which previously accounted for over 30 per cent of the nation’s energy demands in May. Japan has pledged to increase its use of renewable energy in order to compensate for the shortfall left by atomic energy.
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October 31, 2012
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Who pocketed Gaddafi (LIBYA!) ’s billions?
CounterPsyOps
November 3, 2012
By Andrei Ontikov, GlobalResearch.ca
NATO’s military campaign in Libya is remarkable, among other things, for the following two reasons.
First – the damage that the air raids by the Western anti-Gaddafi alliance caused to Libya is estimated to be 7 times bigger than the damage which bombing by the Nazis caused in Europe during WWII.
Second – Muammar Gaddafi and his associates had, in total, $ 150 bln on bank accounts in various parts of the world. After the beginning of the Libyan revolution, the West froze these accounts. Now, this money has disappeared somewhere.
Russian expert in Eastern affairs Anatoly Egorin tries to analyze these two cases in his recently published book, titled “The Ousting of Muammar Gaddafi. A Libyan Diary. 2011-2012.”
Speaking about the damage which Western bombing attacks caused to Libya, one may probably say that every war causes damage. This is true, but the amount of damage can be greater or smaller. It may be doubted that the ousting of Gaddafi, however tyrannical he might have been, was really worth the damage which NATO bombs caused to Libya – to say nothing of the fact that introducing a no-fly zone over a country and then bombing it is, to put it mildly, not very consistent.
However, the sum which Gaddafi and his associates had in bank accounts, and which the West, in fact, has stolen – $ 150 bln – might have been enough to reconstruct the Libyan infrastructure after the damage caused by the bombs – if not fully, then, at least, partially. But now, that money has disappeared. Why and where? Here is what Anatoly Egorin says:
“The West most likely decided right after the very start of the anti-Gaddafi rebellion in Libya to do whatever possible to prevent Gaddafi from staying in power. His and his associates’ bank accounts were immediately frozen. Or, it would be probably better to say that it was only officially announced that they were frozen, but in reality they were stolen. Nobody can say for sure precisely who stole this money and where it is now. There is only some vague information that it was allegedly pocketed by the bankers themselves and that these bankers allegedly tried to launder this money in offshore zones. Attempts to find this money are now under way, but I doubt that it will ever be found.”
“However,” Mr. Egorin continues, “it would be wrong to say that only the West has stolen the money of the former Libyan regime. It is known that those people who fought against Gaddafi and who are now in power in Libya have conveyed many trucks literally stuffed with money abroad.”
The Head of the International Association for Democracy in Libya Fatima abu an-Niran confirms what Mr. Egorin says:
“The chaotic situation in Libya enabled everyone to steal anything that lay in his or her temptation’s way. The West was quite aware of that, but didn’t try to stop it. I can back my words with facts, and the former head of Libya’s Central Bank can also confirm this.”
“The $ 150 bln on Gaddafi’s and other former Libyan leaders’ bank accounts is not the only money that was stolen during the period of anarchy in Libya,” Ms. an-Niran continues. “Lots of money was trafficked and is still being trafficked abroad by the Libyan “revolutionaries” themselves. To a large extent, the situation in Libya still remains chaotic. The new authorities seem to be incapable of controlling the situation in many of the country’s provinces. These provinces are in fact controlled by groups of bandits who do whatever they want with those who try to resist them.”
“When the West threw bombs on Libya, Western politicians said that this allegedly was done to help Libyans oust the tyrant and establish democracy in their country,” Ms. an-Niran says. “Now, it has turned out that these words were mere demagogy. The real aim of the West was to try to steal Libya’s riches.”
True, it looks like now that Gaddafi has been ousted, the West doesn’t care anymore about what is happening in Libya. It also looks like the current Libyan leaders care more about staying in their posts – or occupying higher posts if possible – than about trying to return the $ 150 bln which mysteriously disappeared back into their country, which now badly needs restoration after the war.
Engdahl: Germany Enforces Same Austerity that Paved Way to Third Reich [video]
Global Research TV
October 31, 2012
One in four people are now officially out of work in Spain as unemployment in the debt-ridden country reaches another record. The grim news comes as Madrid’s transport workers go on strike, adding to a sixth day of protests in the capital against austerity cuts.
That’s as another epicentre of the EU crisis – Greece – looks likely to miss its promised deficit deadline. The forecast from the International Monetary Fund’s debt inspectors comes a year after EU leaders applauded what they considered a key deal to save Athens.
Author and publicist F. William Engdahl, says all the measures the EU leaders are imposing are failing to address the core problems on the continent.
“Those banks remain the source of the problem. There is no landing going on to the real economy, and that`s the root cause of the 25 per cent unemployment in Spain and Greece and elsewhere across the EU,” he stated.
Originally aired on RT, October 26, 2012
http://rt.com/news/spain-unemployment-record-high-312/
Deepening the U.S.-EU Transatlantic Trade Partnership
by Dana Gabriel
BE YOUR OWN LEADER
October 28, 2012
Overshadowed by the upcoming American election are reports that the U.S. and European Union (EU) are working towards launching official negotiations on a deal that would further deepen their transatlantic trade partnership.
According to a recent Reuters article, “Europe and the United States are set to launch trade talks early next year to deepen the world’s largest trading relationship.” It goes on to say that, “An expert group co-chaired by EU Trade Commissioner Karel De Gucht and U.S. Trade Representative Ron Kirk will in December issue a report recommending pursuing talks.” An EU official explained that, “The report will recommend the negotiation of a comprehensive agreement between the United States and the European Union.” Last week, the European Parliament also approved a resolution calling for talks on a possible trade deal with the U.S. to begin in 2013. The U.S. and EU have already made incremental strides with regards to economic integration. With renewed political support, momentum for a transatlantic trade accord is building.
In 2007, U.S. President George W. Bush and German Chancellor Angela Merkel established the Transatlantic Economic Council (TEC) to help eliminate trade barriers and harmonize standards. The move was seen as a step towards creating a single transatlantic market. Throughout the years, the TEC has advanced deep U.S.-EU integration. It has helped align policies in areas of investment, accounting, import safety, supply chain security, automobile standards, renewable energy, as well as others. The TEC continues to guide and stimulate transatlantic economic convergence.
At the U.S.-EU Summit in November 2011, leaders from both sides directed the TEC to create a High Level Working Group on Jobs and Growth. This was viewed as another step forward to an eventual free trade deal. The Working Group was tasked with identifying, “policies and measures to increase U.S.-EU trade and investment to support mutually beneficial job creation, economic growth, and international competitiveness.” It was entrusted with examining options in areas of, “Conventional barriers to trade in goods, such as tariffs and tariff-rate quotas; Reduction, elimination, or prevention of barriers to trade in goods, services, and investment; Opportunities for enhancing the compatibility of regulations and standards; Reduction, elimination, or prevention of unnecessary ‘behind the border’ non-tariff barriers to trade in all categories; Enhanced cooperation for the development of rules and principles on global issues of common concern and also for the achievement of shared economic goals relating to third countries.” A U.S.-EU trade agreement could serve as a model for the rest of the world, setting common standards on regulations, tariffs and investment rules.
In June, the U.S.-EU High Level Working Group on Jobs and Growth issued an interim report which endorsed beginning talks on a comprehensive trade deal. It outlined categories that a potential agreement should include such as tariffs, non-tariff barriers, regulatory issues, services, investment, procurement, intellectual property rights and rules. A Joint U.S.-EU Statement urged, “the Group to complete its work as quickly as possible, including consultations with public and private stakeholders, in accordance with the respective processes of both sides, with the goal of reaching a recommendation to Leaders later this year on a decision as to the negotiations.” At a press conference following the G20 Summit in Mexico, President Barack Obama also acknowledged that, “the United States and the European Union agreed to take the next step in our work towards the possible launching of negotiations on an agreement to strengthen our already very deep trade and investment partnership.” An official announcement is expected sometime after the U.S. election and if trade talks begin early next year, a deal could be signed before the end of 2014.
The U.S.-EU partnership remains the foundation for an international economic order. Regardless of whether Barack Obama or Mitt Romney wins the upcoming election, it appears as if U.S.-EU trade negotiations will become a priority. More globalization is not the solution to our financial woes. Such an agreement would serve to further erode U.S. sovereignty and economic freedom. If you factor in that the EU already has a trade deal with Mexico and is close to signing one with Canada, combined with a future agreement with the U.S., you then have the basis for a NAFTA-EU free trade zone. This would be an important step in advancing the goal of creating a Transatlantic Union.
Related articles by Dana Gabriel
Growing Opposition to the Canada-EU Trade Agreement
Advancing the Transatlantic Agenda
From NAFTA to CETA: Canada-EU Deep Economic Integration
Spreading NAFTA’s Love Across the Atlantic
Dana Gabriel is an activist and independent researcher. He writes about trade, globalization, sovereignty, security, as well as other issues. Contact: beyourownleader@hotmail.com Visit his blog at Be Your Own Leader
Times So Tough Some Families Schedule ‘No Food Days’
What would it be like to schedule a ‘no food’ day for your family due to skyrocketing food prices?
By Shepard Ambellas
theintelhub.com
October 13, 2012
As men play with god-like powers such as weather modification, parts of the world suffer from drought and famine.
Coincidence or Not?
In some parts of the US and the world crop yields are at all time lows not seen since the 1970′s.
In fact, parts of the country have also sustained record drought levels in 2012.
SouthCoastToday.com reports;
CHICAGO — Drought damage to corn and soybean fields in the United States, the world’s top grower and exporter, is eroding supplies of the nation’s two largest crops to below year-earlier consumption levels for the first time since 1974.
The government is expected to say today that the U.S. corn harvest and inventories on Sept. 1 will be a combined 11.604 billion bushels, less than the 12.33 billion consumed and exported last year, according to a Bloomberg survey of 31 analysts.
Soybean supplies will be 2.932 billion bushels, below the 3.157 billion used in 2011.
Supplies failed to top usage from the previous year only twice since 1960 for corn and five times for soybeans, U.S. Department of Agriculture data show.
Record heat in June and July sparked the worst drought since 1956, sending corn and soybeans prices to record highs.
Morgan Stanley predicted corn may rally 35 percent in a year, while Barclays Plc sees soybeans gaining 16 percent.
Higher costs for dairies, grain processors and livestock producers helped send global food prices in September to the highest since March, United Nations data show.
Our Planet is Being Terraformed
Although technology has allowed men to posses god-like powers, most are not mature or sane enough to use them.
Bilderberg member and globalist adviser Henry Kissinger, in his now infamous National Security Study Memorandum 200 white paper, detailed how food shortages, drought, and famine would affect the population globally in years to come.
Now declassified this study has since unfolded literally right before our eyes.
Was Kissinger a visionary, or was he significant in forming a blueprint for a sinister global depopulation agenda?
Are more food shortages to come?
Kurt Nimmo wrote;
In an article posted on the Hindustan Times website, N. Chandra Mohan cites Mark Thirwell, Director of the International Economy Program at the Lowy Institute for International Policy in Sydney, Australia.
“This is not the first time in modern economic history that the Malthusian spectre of global food shortages has stalked the world economy,” writes Thirwell.
“Surges in food prices in the 1970s and then again in the mid-1990s both prompted warnings that agricultural capacity was failing to keep pace with a growing world population. Each time the prices jumped, it proved to be temporary as supply responded.”
Mr. Mohan believes, this time around, there will be no supply ready to respond. He links this dire situation to “policy neglect of agriculture” and “climate and environmental degradation.”
Thirwell essentially concurs with Kissinger’s memo.
Now, here in 2012, things have spiraled down to a whole new level as some families are holding out on eating 1 day a week due to economic and or food related hardships.
An Independent article excerpt reads;
World grain prices have risen so high that families in poorer countries are being forced to schedule “food-free days” each week, according to one of the leading experts on global agriculture.
The extreme rationing is an “an unprecedented manifestation of food stress,” according to Lester Brown, president of the Washington-based Earth Policy Institute, and the most respected environmental observer of food and agricultural trends.
While regional food shortages are far from uncommon, the sheer number of people in the developing world who can no longer afford to eat every day has appalled humanitarian workers.
“We have not seen this before, where a family systematically schedules days where they do not eat, when they know they can’t buy enough every day so they decide at the beginning of the week, this week we won’t eat on Wednesday or we won’t eat on Saturday,” Mr Brown said yesterday.
Shepard Ambellas is the founder & director of theintelhub.com (a popular alternative news website), researcher, investigative journalist, radio talk show host, and filmmaker. Follow Shepard on Twitter/NotForSale2NWO and on Youtube.com/user/NotForSale2NWO. Also, be sure to check out my upcoming documentary, SHADEtheMotionPicture.com (An Ambellas & Bermas Film).
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