Financial Institutions Archives - Page 3 of 3

24Apr

By Bob AscahNo Comments

Banks, Financial Institutions, Government Finances, Opinion/Research

“A Distrust of Everything”- Opinion

In 1982, I interviewed Nigel Gunn, who at that time was the Honorary Chairman of Bell Gouinlock, a well- respected boutique investment dealer specializing in municipal debt. My dissertation (Politics and Public Debt) is about federal public debt management from the 1920s to the 1950s. The one critical point Gunn made in the interview that I will never forget was his statement that when the United Kingdom Treasury abandoned gold in September 1931, "this lead to a distrust of everything." A similar phrase was heard during the 2007-2009 financial crisis, but with Ben Bernanke to the rescue- a student of history- the finger was put in the dike. Here we are again at another financial reckoning. At the present time, our Bank of Canada is following a conventional, yet extraordinary pat...

Environmental liabilities… will not go away

Alberta Liabilities Disclosure Project (ALDP) On 5 April, the ALDP held a news conference to raise awareness about the scope and scale of the orphan well issue in the Province of Alberta. According to its website, the ALDP "is an independent and non-partisan initiative pushing for accurate and transparent government level data pertaining to Alberta's oil and gas liabilities." This initiative, of which I am a participant, is aimed at making oil and gas environmental liabilities an issue during the recent provincial election. While media outlets such as The Globe and Mail, National Observer and Postmedia shared information about the initiative, political parties -other than the Alberta party's David Khan and Dr. David Swann, did not click on the bait. Regan BoychukSource: National...

Economy vs. Environment

Originally posted 18 December 2017 Several articles, studies, and announcements over the past weeks suggest that the "international movement" seeking to "manage" the risks of global warming are gaining ascendance. More recently, the World Bank president, Jim Yong Kim, announced his institution was re-assessing the risks of fossil-fuel developments. Highlights: World Bank move China's Three Gorges floating solar panels Alberta renewable auction Moody's analysis Analysis/Opinion (more…)