Friday, October 03, 2008
The Good, the Bad and the Ugly
Just a skim of some Canadian headlines today amidst the turmoil south of the border.
I am reminded of Leonard Cohen's wondrous ballad 'there is a crack in everything, it's how the light gets in'.
Well, we can't continue living the way we are, right? The party's over. Rampant consumerism, sub-primes, endless oil, outsourcing, financial engineering et al, et al.
We finally cracked. Let there be light.
I think China's bloodless coup d'etat has not been heralded yet. But a coup it is.
Finally, finally, a sizeable refundable deposit on those ubiqitous water bottles. Now can we stop using them forever? Did you know that it takes oil filling a quarter of the bottle to make that bottle?
Oh-oh, there goes some more arctic ice. Worse than 2007. Just about gone. We have wreaked this destruction in a couple of decades. We're seeing sediment that hasn't been seen in 1.1 million years.
And our TSX, our Toronto Stock Exchange has taken a really nasty tumble: we have the world record at 800 points down, putting us ahead of all the other tumbles. Who knew potash stock could throw us into the sewer?