Monday, 7 September 2020

MOYA GREENE IS THE NEW LORD AMULREE

Premier Andrew Furey’s appointment of Moya Greene to Chair the Economy Recovery Team is a sound choice; it may even signal that he possesses a mind-set that extends beyond the comfort zone that his predecessors found in political friends, compliant bureaucrats and paid consultants.

This province has a huge economic and fiscal problem. It is so large, in fact, that words like “insolvency” and “bankruptcy” not only give it ascription, they have entered common usage. Those who understand phrases like “fiscal capacity” – the revenue generating capability of the province to fund services and pay the public debt – know that, realistically, successive undisciplined governments - from Williams to Ball – have pushed the province into a financial abyss.

The sheer dimension of the problem underscores the necessity to have a proven professional examine and advise as to a realistic cure. Make no mistake: Moya Greene is not Dr. Doug House, Premier Wells’ economic czar; she is the new Lord Amulree - his echo, anyway - Britain’s response to Newfoundland’s plea for financial assistance in the 1930s. She sports a Royal title, too.

Thursday, 3 September 2020

SEA-DOO RACKET

SEA-DOO RACKET

Cavorting around on a sea-doo
Is most that many can see to do.
Swirling, birling, a whirlpool.
Grinning, spinning, on toys that can vex A vortex – and debt dances too.

Trailers and sea-doos, bikes, skidoos,
Suites and accessories, fuel too.
Government - and bank-financed -
The racket assails folks' private expanse.
It's the best that many can see to do!

John Tuach
August 31, 2020

Monday, 24 August 2020

SIOBHAN TO BRING NEW ECONOMIC THEORY TO FINANCE

How Andrew Furey let his "funny-bone" get the better of him

Likely Andrew Furey understood the dearth of talent that comprises the Liberal Caucus long before last Wednesday’s Cabinet making. Adding to the difficulty Perry Trimper’s indiscretion towards the Native People required the absolution of another election win, while the Ph.D toting Scott Reid is far too intelligent to handle matters Departmental.

It was wise to clear “the debt is manageable” Tom Osborne from Finance; it was confusing for him to be surrounded by so many zeros.  But who thought that Siobhan Coady’s talents would be Furey’s rare find?

I had feared that Andrew might have filled the all-important Finance portfolio first. Such untimeliness might have resulted in Finance Minister Elvis Loveless, though this public does not need reminding of his gyrating namesake or that, in NL, every other day brings the expectation that “Santa Claus is Comin’ to Town”.

Luckily, Furey waited until after placing Bragg, Bennett and Loveless. When he was finished with Coady, he must have felt like Jesus on the seventh day.

Monday, 10 August 2020

ANDREW FUREY: A DOCTOR. BUT CAN HE DO MIRACLES?

If there is a single question that has been uttered by observers of the Liberal Leadership race in reaction to Andrew Furey’s decision to trade in his medical career for the Office of Premier, it is this: What was he thinking?

The query, of course, is less a commentary on his mental state than it is on the nearly impossible task many rightfully perceive awaits him.

At the outset, Dr. Furey should know that we congratulate him, wish him well and hope that, rather than possessing any claim to “visionary” status, he simply puts province ahead of partisanship, offers a fresh perspective on the way government relates to the citizenry, and brings courage as well as new energy to the Office of Premier.   

As much as some may wish it, Furey should not be expected to be a miracle worker. We are all to blame for what has occurred; if the miracle isn’t in us (mostly), we are in really deep trouble.

Monday, 27 July 2020

OVER 1000 FPSO JOBS GO TO SPAIN WHILE WE BEG THE FEDS FOR MONEY

True to form, Premier Dwight Ball and Natural Resources Minister Siobhan Coady have joined NOIA in a new crusade to have the Government of Canada ante up for a “neo-PIP” (Petroleum Incentive Program). NOIA not only wants the oil industry to receive exploration funding, they want the “beleaguered” Companies to get operating assistance, too. This is not as surprising as it is aggravating. We are talking about a group of petty, quick-buck, short-sighted manufacturer’s agents anyway; the Ball Government aligns perfectly with their thinking.

Many “private-enterprisers”, not just oil companies, are wont to pump their chests about the capital which they put at risk; until there is an economic hiccup — or pandemic — that transforms them into beggars. Problem is, when the distress passes, they expect to be left alone to conduct “private” business unhindered, the notion of payback quickly forgotten.

Monday, 20 July 2020

GNL SHOULD REJECT RISKY CANADIAN BUBBLE

Guest Post by David Vardy

As of now, we have no active Covid-19 infections in the province, 259 have recovered and three have died.  In the face of the surging pandemic south of the border and in other hot spots around the globe, this is no time to reduce controls over imported infections by dropping the requirement for quarantine or self-isolation (I use these terms interchangeably). We should instead build upon the natural protection arising from our isolation, as have other jurisdictions, such as Iceland and New Zealand. Having eradicated the virus our goal should be to remain virus free.

We should maintain the 14 day quarantine and begin to test people arriving in the province.  We should also require the use of contact tracing apps for at least 14 days after arrival.  The Atlantic Bubble is a bad idea. The proposed “Canadian Bubble “is much worse. These “Bubbles” are both flawed because they exempt more people from quarantine, thus increasing risk of imported infections without offsetting measures to reduce risk, such as testing and contact tracing.

Thursday, 16 July 2020

THE BARD ON THE "LET 'ER RIP" COVID CROWD

LET ‘ER RIP

The antivaccine and open-up crowd
And anti-mask brigades
Where egoed leaders lunacy lead
Ignore the Covid threat
Creating catastrophe for mankind.
The virus mutates aggressively
And seriously afflict the mind.