Excited Delirium

Stories about Excited Delirium, the Shock Economy and a little fiction here and there.

A Banner Year for Canada’s CEOs

The people that are working closely with Jim Flaherty as his economic ‘dream team’ have very little experience with real life economics.

By 9:04 AM on January 2, most CEOs in Canada earned as much as the average pay level in all of Canada.

To make things more insulting, the average pay hike for the top 100 CEOs in Canada was 22%.  The grand total for these people will likely break another milestone:  pay in excess of one billion for the top 100.

Canadian earnings rose a mere 3.2%.

Now, we’re giving these people bailout money because … ?

Here’s the full story from the Canadian Centre for Policy Alternatives .

Watch the video too (when you have a second) .

No New Nukes for Ontario Please

Nuclear power is an incredible waste of taxpayer’s money.

Rarely have we seen the full promised potential of nuclear power, the cost overruns have always been well beyond anyone’s wildest imagination and the risks of dealing with waste greatly outweigh any described benefits of nuclear power.

However, it’s very likely that the McGuinty government in Ontario will sign agreements in the spring of 2009 to bring on 2 new nuclear power plants in this province.

Nuclear power has everything to do with energy consolidation, something that is inconsistent with the general direction of markets, diversification and consumer behaviour.  Any portfolio analyst will tell you that you don’t put all of your eggs in one basket.  Why should the people of Ontario?

More importantly, we stand at the cusp of a golden opportunity to make Ontario one of the world’s greatest and dynamic markets for independent power generation – if the province lets it happen.  Making the production of cheap, efficient and green energy is the future of this province.  Relying on an old monopoly is exactly the reason why manufacturing in Ontario has lost a lot of its cost advantages.

Please petition / attend meetings / write Smitherman and do what it takes to encourage our provincial leaders to spend $50-60 billion on renewable power generation.

Start here and spread the word .

Also, read up on Ontario Clean Air Alliance’s recommendations for a green energy future.

Thanks!