Monday, March 16, 2009

Who Gets the Money Gets the Power, Setting the Ducks in a Row

From the "Oh, You've Made a Difference Alright" File:

Former BC minister expected in court


Former BC finance minister Carole Taylor will be testifying in a civil trial involving a former Cambie Street business owner who was hurt by Canada Line construction. Business owners along the SkyTrain line hope it will help the case.

Taylor was outspoken about her concerns that some Cambie merchants were upset about losses due to the construction near their businesses. Now, she will have to testifiy. A judge has decided there's no reason why Taylor can't be compelled to share her knowledge about the Canada Line project.

Former Cambie Street merchant Susan Heyes says Taylor had a chance to see problems surrounding the construction, as it fell within her former Vancouver-Langara riding. Other business owners are happy Taylor will testify. Angela Reis, a restaurant owner near Cambie Street and Broadway, said, "I hope she can do something, it would set a precedence for everything here. There's no doubt in my mind."

Taylor is expected to appear in court Wednesday.


On December 18, 2008, she announced her resignation from the Legislative Assembly after accepting an appointment to a federal Ministry of Finance advisory panel.

"Taylor is resigning to head council", Metro, December 19, 2008. Carole Taylor resigns provincial seat
Dec 19, 2008.

Carole Taylor is stepping aside as MLA for Vancouver-Langara to head a federal economic advisory council, B.C.’s former finance minister said Thursday.

The council, which was announced by federal Finance Minister Jim Flaherty, includes business leaders from across the country and will provide input to the Jan. 27 federal budget.

Taylor, who served as finance minister for three years (2005-08), introduced North America’s first carbon tax.

She said her biggest accomplishment was signing 90 per cent of all public-sector workers to contracts before their old ones expired.

“I felt privileged to have (served as MLA) … at the end of the day, I’m a person who is leaving provincial politics feeling very good about the opportunities I had. I hope that I made a difference.”

MLA: Vancouver-Langara - Vacant since December 22, 2008.

Economic council to offer Flaherty business perspective, chair says


Carole's Hubby:

Art Phillips (born September 12, 1930) served as mayor of Vancouver, British Columbia, Canada from 1973 to 1977. Prior to being elected to this post, he founded the Vancouver investment firm of Phillips, Hager & North.

Phillips was elected to the Parliament of Canada in 1979 as a Liberal, but was defeated the following year in his bid for re-election. After Phillips' defeat, he returned to private life at his investment firm. By 2007, Phillips, Hager & North had become a leading investment firm on the west coast, with over $66 billion of assets under management.

Canada's Royal Bank to Buy Phillips, Hager & North | Reuters

Feb 21, 2008.

VANCOUVER, British Columbia (Reuters) - Royal Bank of Canada (RY.TO) said on Thursday it has agreed to buy Phillips, Hager & North Investment Management Ltd, one of Canada's largest independent fund managers with about C$69 billion ($68.3 billion) of assets under management.

PH&N shareholders will receive 27 million Royal common shares, with a portion deferred until three years after the deal closes, Royal, Canada's biggest bank, said in a statement.

(Reporting by Nicole Mordant; Editing by Peter Galloway)


And so our assets are merrily privatized away from us. We are seduced and reduced as our assets, money and future flow out and away into ever fewer hands:

Kelly McParland: Flaherty puts faith in astoundingly accomplished group of uberachievers

• Carole Taylor (chair)
• Geoff Beattie
• Paul Desmarais, Jr.
• George Gosbee
• Isabelle Hudon
• James D. Irving
• Mike Lazaridis
• Jack Mintz
• James A. Pattison
• Ajit Someshwar
• Annette Verschuren

Paul Desmarais Jr. is chairman and co-chief executive officer of Power Corporation of Canada. Power Corp. has close ties to former Liberal prime ministers Paul Martin and Jean Chretien, not to mention a boggling array of other political heavy-hitters of every stripe. Desmarais also sits on the board of directors of Suez, a multinational corporation that is a world leader in the water utilities sector.

Dr. Jacques Chaoulli, usually portrayed as a concerned physician, is also a senior fellow at the libertarian Montreal Economic Institute. Like the Fraser Institute, the MEI is on a mission to destroy Medicare. Among MEI's prominent backers is the Desmarais family (net worth $3.94 billion), which owns Power Corporation - Helene Desmarais, wife of Paul Desmarais, Jr., is on the MEI board. Power Corp. owns three major Canadian life insurance companies, including Great West Life, the largest provider of supplementary health insurance in Canada

Ajit Someshwar is founder and chief executive of CSI Consulting, a Toronto-based information technology and risk management company with more than 400 consultants based in the United States, Canada, India and Europe.

NRI Ajit Someshwar appointed Board of Directors of Export Development Canada- Ajit Someshwar was born in Bombay in India. He took an honours degree in commerce.

May 13, 2008
Trade Media Relations Office
Foreign Affairs and International Trade Canada
By Bhim Sen

The Honourable David Emerson, Minister of International Trade, today announced the appointment of Ajit Someshwar to the Board of Directors of Export Development Canada (EDC).

Emerson to lead B.C.'s new economic brain trust
Derrick Penner, Vancouver Sun. December 10, 2008.

With British Columbia’s economic growth expected to slow to a trickle and provincial employment projected to shrink in the coming year, Premier Gordon Campbell has named a council of business executives to advise government on weathering the economic storm.

David Emerson, the former federal cabinet minister, forestry executive and senior civil servant, will lead them.

The council’s staff will come from existing government personnel and it will be funded within existing government budgets. Emerson said there is no compensation attached to the positions.

[Since when do these kind of people do anything without some kind of renumeration, or benefit?]

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