Mayoral Memories

Today is December 22, 2014 one year and a day since Toronto’s ice storm (Mayor Ford’s mayoral powers having been given by city councillors to councillor Kelly disregarding COTA, City of Toronto Act 2006, and the Municipal Elections Act) who snow- birded it down to Florida while Mr. Ford stayed to photo-op-visit neighbourhoods suffering without furnace power in days of sub-zero temperatures. But today Mr. Ford now re-elected to his old Etobicoke councillor’s seat after his less than  3 year stint as mayor, elected by a sizeable majority in 2010, seems newsworthy only because of illness: the media scandals that drove him from the mayor’s office have been replaced by reports of weeks-old-mayor John Tory’s having 74% approval, an all time high.

October 27, 2014

As you see what’s copied below is an old one, but in the first 26 days of October 2014, it’s received over 700 hits on peterderemigis.net by way of the tags “soberness coach” and its title “A Stake through the Heart …”: the way you stop a vampire.

But yesterday on Cp 24 between about 5 and 7pm. EDT he was brought back to political life at least twice, when I turned on the TV to check the temperature , in words like when people go into the voting booth tomorrow they will be thinking about Mayor Ford’s behaviour (obscene language drunkenness and all the things media has informed everyone about Mayor Ford). The first reference to Mayor Ford surprised me, giving my mind a shake since he was no longer running for mayor and during the last few days, in fact, CP 24 has been showing images of Mr.minor-mayor Kelly illegally appointed 1 yr. ago by that “caterpillar” – like cluster of councillors, and regaled with the emblem of mayor round his neck and that little plastic poppy pinned on him: so it’s Kelley’s image and the tiny ones who chose him that I took with me when I voted early last week.

Today October 6, 2014 we were reminded by Doug Ford’s trying to defend against the charge of racism that the word “race” has become a powerful force in political rhetoric, a trap, a gotcha as is suspicion of association with non medically sanctioned illicit drugs’

May 14, 2014

A Stake Through The Heart…

Today my mayor ford search turned up, in a Sun article pasted below, what I consider to be a piece written about Toronto’s elected mayor typical of the style of the reports (excluding the American May, 2013 Gawker report) that all Canada’s major news corporations have repeated Online since that New York based Gawker article.The emphasis on the former mayor’s video taped cocaine ingestion is always accompanied by a photo of Mr. Ford arm in arm with two men whose physical appearance is not typical of any of those photographed in protests urging him to resign. This photo of the frolicking mayor seems to imply that even though the much heralded cocaine ingesting video has never been viewed by the public it must really exist because the photo of the mayor and his two buddies are behaving and looking like cocaine users. In fact even the writer of the Gawker article after seeing the still hidden video had to have the man showing the video verify that the mayor was actually using cocaine.

And now many of the former mayor’s dogged Ford Nation supporters are being targeted( the so-called “gullible“nicknamed by a Star columnist )shown that the mayor’s bad behaviour includes disrespect toward themselves- to keep him down and out of office, too disgraced to achieve an electoral come back in October – perhaps people like those in the photo and those so-called minorities, real people, who I’ve heard saying that despite his publicly explored personal problems Mayor Ford has been “doing a good job”.

TORONTO –

Doug Ford says Rob Ford is “doing well” but he refused to address racist comments attributed to the mayor.

“Rob’s doing well, I have no comments about anything else,” Doug Ford told reporters Monday.

Mayor Ford took a leave of absence on April 30 to seek help for his admitted “problem with alcohol.” The Fords maintain the mayor has been in rehab since May 1.

But Councillor Ford refused Monday to answer questions about media reports detailing the mayor making several racist comments.

The Toronto Star reported late Friday that it had listened to an audio tape of Mayor Ford from March where he claims he’s “the most racist guy around.”

“Nobody sticks up for people like I do, every f—ing k–e, n—–, f—ing w-p, d-go, whatever the race,” Ford states, according to the Star.

On April 30, the Toronto Sun reported on a separate audio tape of Mayor Ford recorded in an Etobicoke bar before he went to rehab in which he also uses racial slurs.

Councillor Ford — the mayor’s re-election campaign manager — refused to address the report.

“I have no comment on that,” Ford said.

“Rob’s doing very well, very well.”

Deputy Mayor Norm Kelly — who held a Black Business Professionals Roundtable at City Hall Monday — called Mayor Ford’s comments “deplorable.”

Councillor Michael Thompson said anyone who has “such a view is certainly ill-informed.”

“This is 2014, anyone who has those types of views or perspective needs to be obviously retrained,” Thompson said.

He stressed those views are “unacceptable.”

“Those types of views and perspective are inappropriate,” he said.

This entry was posted in Media, Politics and tagged A Stake Through The Heart, Mayor Ford’s soberness coach, Metroland, Scarborough Mirror, “Those types of views and perspective are inappropriate, ” on July 11, 2014.

Toronto’s Real Estate: Debt Worries

Today is September 14, 2016 and for most of the day Canada’s business news network has been “texting” on screen that foreign buyers have started buying Toronto luxury properties to avoid the 15% tax on foreign purchases of Vancouver, B.C. real estate. And some are even getting mortgages without proof of income. I remember some time ago before the 15% B.C. surcharge, a California based investment adviser referred to Vancouver as Van Kong because he believed that many from Hong Kong were laundering money in Vancouver real estate purchases.


Today December 10, 2014 I saw Canada’s central banker worrying about the price of Canada’s real estate as he answered questions from similarly concerned journalists. This topic, ever rising real estate prices, which most real people would consider an example of author Brendon Brown’s “asset price inflation” has been a concern for most of the period of the “great recession” while oil prices and the Canadian dollar declined then went up again in 2012 with Canada’s dollar falling today to just above 87 cents  to the American greenback, Canadians have kept fretting over whether or not real estate prices might represent an asset bubble that will soon burst as did real estate values in the United States way back in 2007/2008. But so far about 6 years since Canada’s real estate worry became public, prices just keep getting higher while Canada’s central bank keeps warning Canadians about their increasing debt to income ratio, and financial experts keep worrying about deflation: the reason, I gather, for interest rates being kept low. Now everyone used to believe that there was a direct connection between mortgage financing and real estate prices: when rates are low real estate prices rise; when mortgage rates rise real estate prices stabilize and in some cases might decline. So with Canada’s central bankers’ concerns about household debt I am surprised that Canada’s current central banker, the person in charge of raising or not raising interest rates should appear so helpless while stating that housing prices could be 10 to 30% over priced.  And neither he nor anyone concerned about real estate say who is buying all this expensively priced and horrendously taxed property. Could it be that those able to afford prices close to one million Canadian dollars for semi detached homes on old Toronto streets, that a factory worker could once afford, do not have Canadian citizenship, since it is difficult to imagine how old or new Canadians could afford such homes today if it’s true that half of Toronto’s population survives near poverty. And in these recent months those with greenbacks to spend might purchase one of these highly priced homes at a 10 to 12 % exchange rate discount.

The President’Utility

December 7, 2014 am.

I just read a very long New York Times report about the relationships between America’s fossil fuel companies and Republican states’ attorneys general that helps demonstrate how energy companies, both material producing and service providing, are central to America’s political and economic results.

An interesting side issue in this article about Republican states’ attorneys general and the fossil fuel companies is a reference to TransCanada Pipeline’s (promoter of the currently stalled by Obama (Democrat), Keystone pipeline transporting Canadian tar sands oil to America) relationship with a former state attorney general.

…Among them was Andrew P. Miller, a patrician 81-year-old former Virginia attorney general. Mr. Miller is a regular at gatherings of state attorneys general at resort destinations, and his client list includes TransCanada, the backer of the Keystone XL pipeline; the Southern Company, the Georgia-based electric utility, which has a large number of coal-burning power plants; and the investor group behind the proposed Pebble Mine in Alaska…

(re-blogging the re-blog)

October 4, 2014(re-blog)

April 30, 2014

Exelon to become top U.S. power distributor with Pepco buy”

…Weak power prices and consumption have spurred consolidation among utilities in the past three years, with Exelon itself having bought Constellation Energy for $7.9 billion in 2011. Duke Energy and AES Corp have also made acquisitions.

Exelon said it expected Pepco to “significantly” add to adjusted earnings in the first full year after the deal closed.

The company also reported a lower-than-expected profit for the first quarter, hurt by weak energy prices and a fall in nuclear and coal output.

Barclays, Goldman Sachs & Co and Loop Capital Markets are Exelon’s financial advisers. Kirkland & Ellis LLP is its legal counsel…

In a March 8, 2012 article Amy Goodman of Guardian co. U.K. describes the administration’s cozy relationship with Exelon and the nuclear industry despite the March 11, 2011 Japanese earthquake, and law suits against NRC for allowing the Southern Company to build reactors as if the Japan disaster had never happened.

Big Nuclear’s cosy relationship with the Obama administration One year on from Fukushima, the US is rewarding the nuclear energy lobby by underwriting new investment , regardless of risk… While campaigning for president in 2008, Barack Obama promised that nuclear power would remain part of the US’s “energy mix”. His chief adviser, David Axelrod, had consulted in the past for Illinois energy company ComEd, a subsidiary of Exelon, a major nuclear-energy producer. Obama’s former chief of staff Rahm Emanuel played a key role in the formation of Exelon. In the past four years, Exelon employees have contributed more than $244,000 to the Obama campaign , and that is not counting any soft-money contributions to PACs, or direct, corporate contributions to the new Super Pacs. Lamented by many for breaking key campaign promises (like closing Guant�mo, or accepting Super Pac money), President Obama is fulfilling his promise to push nuclear power. That is why several groups sued the Nuclear Regulatory Commission last month. The NRC granted approval to the Southern Company to build the new reactors at the Vogtle plant despite a no vote from the NRC chair, Gregory Jaczko. He objected to the licenses over the absence of guarantees to implement recommendations made following the Japanese disaster. Jaczko said, “I cannot support issuing this license as if Fukushima never happened.”…

“the president’s utility”

And in August 22, 2012 New York Times reports the view that Exelon Corporation, the nuclear power producer is “the president’s utility”:

WASHINGTON – Early in the Obama administration, a lobbyist for the Illinois-based energy producer Exelon Corporation proudly called it “the president’s utility.” And it was not just because it delivers power to Barack Obama’s Hyde Park neighborhood in Chicago… Exelon Generation is the leading competitive power generator in the nation, with owned generating assets totaling more than 34,650 megawatts. With strong positions in the Midwest, Mid-Atlantic, Texas and California, Exelon is the largest owner with owned generating assets totaling more than 34,650 megawatts. With strong positions in the Midwest, Mid-Atlantic, Texas and California, Exelon is the largest owner and operator of nuclear plants in the United States …

Eye on the Federal Reserve

Two happenings led to my reposting this old post from peterderemigis.net: a man on the PBS Newshour speaking of possible links between The Federal Reserve and U.S. bankers; and its unexpected reappearance these December days in peterderemigis viewer stats.

Eye on the Federal Reserve

June 19, 2014

I’ve been watching responses to Ms. Yellen’s press conference yesterday from 2: 00 till 3: 00 pm. DST, today June 19. Most questioned the veracity of the chairman’s explaining why the reserve had not acted on its own promises to raise interest rates when inflation reached 2%, or when the unemployment rate declined to 6.5%. Yesterday according to BNN, inflation in the U.S. was 2.1%, and unemployment was 6.3%. Interest rates were not increased, and the chairman’s statements seemed to indicate that the federal reserve would not begin raising rates until well after its bond buying actions ended. Interestingly I have not been made aware of any objections to Ms. Yellen’s view that recent stock exchange record heights, such as the record achieved by the “S & P” were historically typical. Apparently recent Fed Chairs and according to Brendan Brown, many noted European and American Economists have yet to seriously consider  his notion of “asset price inflation” resulting from what he calls “QE infinity”

I originally put out “Aint No Inflation Here!” posted on today’s  date precisely one year ago at peterdermigis.ca. Considering Ms. Yellen’s press conference yesterday; not much has changed since Bernake’s press conference last year, except for Ms. Yellen’s elasticity about the point at which inflation and employment will affect interest rate policy:  both spoke similarly about employment, inflation, and interest rates.