Who are the Puppet Masters Now in Control of Libya"s Resources?

Who installed these individuals as the interim puppet National Transitional Council and leader Mustafa Abdel-Jalil, for the Libyan people?

Who is his and their puppet master?

What does France, Italy, Germany, England and the USA hope to achieve by replacing the former regime of Libya with this neoliberal totalitarian oriented administration that has ties to the previous Libyan Idris monarchy, which itself was overthrown by a bloodless revolution?

Facts are that Libya exports 80% of its Oil and is North Africa’s largest exporter of oil of approximately 1.7 million tons a day to Italy (32%), Germany (14%), France (10%), USA (5%) and China (10%).

Before Gaddafi was overthrown through regime change orchestrated by western governments he had been preparing to launch a gold dinar for oil trade with all of Africa’s 200 million people and other interested countries. At the time then French President Nickola Sarkozi called this, “a threat for financial security of mankind”, most likely because much of France’s wealth more than any other colonial-imperialist power comes from exploiting Africa.

These rebels, revolutionaries, the puppet National Transitional Council (NTC) leader and interim government prime minister Mustafa Abdel-Jalil, must all be held accountable for implementing their NATO backed regime  of condoning lawlessness mob rule of embracing the barbaric killing of the nation’s leader similar to the regime it now replaces and without any form of legal proceeding or trial or proof of guilt.  

They all have blood on their hands which was not the case of the 1969 overthrow of the then pro western Idris monarchy which at the time officially had the world’s lowest standards of living, which is not the case in 2011.

Now a Revolution with the blood of atrocities on its very own hands similar to those stated but remain unproven in an international court of law legal proceeding, they accused the regime that they replaced.

Gaddafi the dictator coward was on the run from justice and so he would not have to answer for such accusations by his accusers in by a democratic judicial international legal proceeding.

In the end his was caught, bloodied, wounded and arrested by Muslim rebel extremists revolutionaries, under the direction and control of the puppet interim NTC,  who summarily executed this sovereign leader by murdering him without any due process of law.

Thanks to internationally western governments who continue to overlook and condon such criminal, barbaric, lawless mob rule, Libyans with such outside internationally assistance have now ushered in the Muslim style continuation of a French revolution and an agenda for Libya of subjugating the Libyan people to barbarism and not democracy or freedom in the years ahead.

Update Oct. 24/11

LIBYA: NOW UNDER SHARIA ISLAMIC LAW

http://www.newsmax.com/Newsfront/gaddafi-sharia-islamic-law/2011/10/23/id/415429?s=al&promo_code=D502-1

http://news.nationalpost.com/2011/10/24/sharia-law-declaration-raises-fears-among-women-in-new-libya/

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/ 

Understanding the Complexity and Fraud in Modern Financial Systems

Politicians, voters, and the public often lack knowledge about complex business practices and fraudulent investments like Government-Sponsored Enterprises (GSEs) and mortgage-backed securities. This ignorance persists without public education.

Taxpayer dollars are misused in a political game of picking corporate winners and losers, leading to risky financial behaviours like collateralized debt obligations and credit default swaps. These won't be fully exposed until voters understand their implications.

Mortgage-backed securities are questionable assets created through bureaucratic oversight and political interference, benefiting financial institutions, lawyers, and politicians. The principle of "buyer beware" has eroded as asset values are influenced more by political clout than market forces, contributing to financial crises and government bailouts.

Housing policies from the early 1990s aimed to expand homeownership, even for those financially unfit, resulting in the creation of GSE Debt Securities. Politicians campaigned on homeownership for all, mirrored in Canada by the Canada Mortgage and Housing Corporation (CMHC), which lacks transparency about its mortgage portfolio's stability.

Global economics now overshadow political ideologies and laws. Those who understand these complexities control politics and power, as seen in mergers and financial bailouts.

A once-niche stock trade known as dispersion has become a major Wall Street strategy. Dispersion involves profiting from volatility differences between an index like the S&P 500 and its individual stocks. Its popularity has grown post-pandemic due to rising interest rates. However, its success might be its downfall as increasing participation reduces profitability.

Dispersion trading is seen as cheaper portfolio insurance, benefiting from individual stock volatility while keeping the index steady. Despite its complexity, it remains attractive but challenging due to rising entry costs.

To prevent future crises, the public must educate themselves about these financial practices and demand transparency and accountability from institutions and policymakers.

The fraudulent scams investments like GSE or mortgage-backed securities and others shall not come to an end until we the public educate ourselves.

The transparent insanity and outright gambling with our taxpayer dollars, in a political roulette-like game attempt to pick corporate winners and losers within the free market system of capitalism, by unelected bureaucrats and politicians alike, by using tax dollars in Ponzi schemes for global bubble economics shall not fully be exposed until voters realize what are the implications of collateralized debt obligations, securitization and credit defaults swaps etc. 

For example, a mortgage-backed security is a questionable asset-backed security supposedly secured by a collection of other questionable assets. And are the results of bureaucratic oversight and dizzy left-wing meddling in nutty radical politics which in my opinion allowed a legal confidence game to enrich opportunistic financial institutions, lawyers, and politicians alike.

These mortgages first must originate, of course, from a regulated financial institution and they then must be grouped into ratings as established by credit rating agencies, that are accredited of course, who then charge a fee to these same financial institutions for giving a worthy rating, so the investments were then in the position to be legally sold to suckers born daily.

Whatever became of the buyer beware clause in the free market system?

Because these bundled or grouped assets were not at all determined by the free marketplace. They were however first procured by unelected bureaucrats and politicians.

The values and price of these assets of course were decided by the amount of political influence of special interest groups, be they corporations, unions, or investment banks, and not by what investors were willing to pay. 

This was a large part of the downfall of the US and the world economy which resulted in the bail-out process by governments who supposedly regulated all these organizations in the first place.

However, another catch and the problem were that from the early 1990’s a political government policy was politically pushed through the U.S. Department of Housing and Urban Development.

Because elected politicians were being pushed by special interest groups within their constituencies and political parties to support socialized housing policies based on low mortgage rates.

Thus, the unelected bureaucrats at HUD desperately needed a way to expand homeownership, for citizens especially the Constituents of elected politicians, and even to such citizens who were not in the financial position to carry the cost of such ownership in the first place and which can be referred to as political expediency for votes.

To achieve these political vote-getting schemes, unelected bureaucrats were pressured by politicians and special interest groups to disregard lending and accounting principles that had previously governed the U.S. mortgage market of financial institutions.

So bureaucrats came up with a political plan to provide funding to specific types of citizens having poor credit or insufficient income groups who of course would not qualify for conventional mortgage loans.

The U.S. Congress of course approved this idea of a marketable bond for financial institutions called Government Sponsored Enterprises or GSE Debt Securities.

You see as a government-sponsored entity these GSEs were able to attract lenders that offer lower rates because of the implied government guarantee rather than a real guarantee.

As such lenders were willing to lower the finance charges and interest rates to these risky and poor credit citizens, but investors are also able to yield higher returns as a result of this implied guarantee.

Now the politicians could campaign on their political social ideology that every American has the right to own a house even though they could not afford one in the first place.

A political policy similar in a way to that of CMHC, our Canadian Crown Corporation and largest mortgage insurer, is used by our politicians, as the driving force in the housing market throughout Canada with political policies that have inflated our own housing economic bubble.

To my knowledge as of this date Canada Mortgage and Housing Corporation has not been transparent to either the government or taxpayers about the stability of its portfolio and just what percent of its portfolio represents a risk because of low or poor credit and arrears in payments?

Some have suggested it could be as high as 65% or as low as 45% but our government, like Fanny and Freddie in the U.S., and until it was too late, our government as yet has not forced CHMC to come clean and reveal this information to Canadians, even though thanks our government taxpayers are on the hook for any and all defaults in the mortgage portfolios held by CMHC and guaranteed by Canadians. 

It is my personal and strong belief that now and in the immediate future global politics and policies are no longer about political ideologies or a country’s constitution and laws but rather about the complexity of global economics based on complex laws and complex business financial practices.

Therefore, those individuals, corporations, special interest groups and unions that currently have or with the willpower to recognize, understand and master these complexities shall be the ones who ultimately control and direct politics and the power that goes with it as we have already witnessed with mergers, the non-bankruptcies of GM, Chrysler, bank bailouts and TARP to mention only a few.

Please watch this interview @ http://news.bbc.co.uk/2/hi/programmes/hardtalk/9639507.stm

 

Update Oct.24/11

The top 20 of the 147 super-connected companies.

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & amp; Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC (holding company for Wal-Mart heirs)
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc

https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/

Source Forbes

Public Info to Get you started………..

Interest Rate Swap

What Does Interest Rate Swap Mean?
An agreement between two parties (known as counterparties) where one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment that is linked to an interest rate (most often the LIBOR). A company will typically use interest rate swaps to limit or manage exposure to fluctuations in interest rates, or to obtain a marginally lower interest rate than it would have been able to get without the swap.

Investopedia explains Interest Rate Swap
Interest rate swaps are simply the exchange of one set of cash flows (based on interest rate specifications) for another. Because they trade OTC, they are really just contracts set up between two or more parties and thus can be customized in any number of ways.

Generally speaking, swaps are sought by firms that desire a type of interest rate structure that another firm can provide less expensively. For example, let's say Cory's Tequila Company (CTC) is seeking to loan funds at a fixed interest rate, but Tom's Sports Inc. (TSI) has access to marginally cheaper fixed-rate funds. Tom's Sports can issue debt to investors at its low fixed rate and then trade the fixed-rate cash flow obligations to CTC for floating-rate obligations issued by TSI. Even though TSI may have a higher floating rate than CTC, by swapping the interest structures they are best able to obtain, their combined costs are decreased - a benefit that can be shared by both parties.

Introduction to Securitization

by: Jason Kravitt, Mayer, Brown & Platt, 1998

"When you measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind . . . ." William Thomson, Lord Kelvin, Popular Lectures and Addresses (1891--1894).

(i) The Nature of Securitization

Most attempts to define securitization make the same mistake; they focus on the process of securitization instead of on the substance, or meaning, of securitization. Hence, the most common definition of securitization is that it consists of the pooling of assets and the issuance of securities to finance the carrying of the pooled assets. Yet, surely, this reveals no more about securitization than seeing one's image reflected in a mirror reveals about one's inner character. In Lord Kelvin's terms, it is knowledge of "a meager and unsatisfactory kind."

Collateralized Debt Obligation - CDO

What Does Collateralized Debt Obligation - CDO Mean?
An investment-grade security backed by a pool of bonds, loans and other assets. CDOs do not specialize in one type of debt but are often non-mortgage loans or bonds.  

Investopedia explains Collateralized Debt Obligation - CDO
Similar in structure to a collateralized mortgage obligation (CMO) or collateralized bond obligation (CBO), CDOs are unique in that they represent different types of debt and credit risk. In the case of CDOs, these different types of debt are often referred to as 'tranches' or 'slices'. Each slice has a different maturity and risk associated with it. The higher the risk, the more the CDO pays

Definition: CDO's, or Collateralized Debt Obligations, are sophisticated financial tools that repackage individual loans into a product that can be sold on the secondary market. These packages consist of auto loans, credit card debt, or corporate debt. They are called collateralized because they have some type of collateral behind them.

Credit Default Swap (CDS)

What Does Credit Default Swap (CDS) Mean?
A swap is designed to transfer the credit exposure of fixed-income products between parties.

Investopedia explains Credit Default Swap (CDS)
The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the creditworthiness of the product. By doing this, the risk of default is transferred from the holder of the fixed-income security to the seller of the swap.

For example, the buyer of a credit swap will be entitled to the par value of the bond by the seller of the swap, should the bond default in its coupon payments.

The Illusion of Utopia: A Critical Look at Progressive Ideals and Economic Realities

Summary of Key Points:

1. Individual vs. Collective Happiness:

   • Happiness is an individual pursuit, not a collective right. Everyone’s dreams and goals are different, so a one-size-fits-all approach does not work.
   • Some progressives believe the government should control and fund child care and daycare, while others argue it’s the parent's responsibility, not the state's.

2. Parental Responsibility:

   • The responsibility of raising, feeding, and clothing children lies with those who decide to conceive or adopt, not the government.
   • Government welfare programs often create ghettos and foster dependency rather than solving the underlying issues.

3. Economic Realities:

   • In both the US and Canada, a small percentage of the population pays the majority of taxes, while many pay little or none.
   • A fair tax system should ensure that all citizens contribute, avoiding an undue burden on a few.

4. Greed and Corruption:

   • Greed is not limited to Wall Street; it is also found among union leaders, politicians, and various interest groups.
   • Excessive regulations and demands drive businesses to seek cheaper labour and less restrictive environments abroad.

5. Historical Lessons:

   • Revolutions, like those in France, Russia, and China, often lead to more oppression and loss of freedoms than the regimes they replaced.
   • Modern political and union leaders often prioritize their personal success over the welfare of those they represent.

Many left-leaning academics, like Chris Hedges, criticize the free market system and capitalism, arguing that they lack proper competition and reasonable rules. However, their alternatives often hinge on utopian visions of wealth distribution and spiritual enlightenment, which do not translate into practical policies.

Democracy and freedom thrive on responsible governance and individual accountability, not unrealistic utopian ideals or class warfare. Ensuring economic and social stability requires balancing individual freedom with fair contributions from all citizens, rather than relying on expansive government control and entitlements.

Academia like Hedges are left-wing ideologists and hold the belief, that democracy of the free market system and capitalism is dysfunctional and has no proper competition with reasonable rules, but what are his alternative suggestions for proper completion and reasonable rules that are required under his ideals and theories of spiritual enlightenment for a Utopian collective community based on wealth distribution?

On a pragmatic and philosophical ground, the important point is that the pursuit of happiness is on an individual basis, not a collective right, as my dreams are different from yours and someone else’s is completely different from both of ours.

For example, the political holy grail of progressive socialized liberalism and some feminists is that the government should control and taxpayers should fund child care and daycare. Others hold the opinion that it is not the children who require liberating from the family but perhaps the mother should be liberated from the child.

It is not only the fathers who are supposed to guide their youth but the mothers, fathers and grandparents of their own offspring who are directly responsible for the youth of today.

The responsibility for sheltering, raising, feeding and clothing is the direct responsibility of those who decide to conceive or adopt a child.  

Government-run handout programs and mass social herding formulas for housing, rent, child care and unsustainable subsidies or socialism/communism is not the answer as history has shown.

It is however a worldwide failure and has done nothing other than create ghettos of segregated warehouses of poor people living in misery.

For myself, I believe that any fair-minded individual would not dispute the political reality that today the core agenda of domestic social liberalism relates to the support for a welfare state, abortion and the racial identity politics of multiculturalism-based redistribution of wealth through class warfare.

An unmanageable national debt aggravated by spending and borrowing for unsustainable entitlements and handouts has both caused and exacerbated the burden of an inequitable system of taxation whereby 10% of the US population pays 80% of all taxes and 43% of Americans account for 20% of paid federal taxes while 47% of the US population pay NO federal taxes?

Thus the so-called wealthy in the US already pay the brunt of taxes while 47% pay no taxes. In Canada, 33.4% of citizens pay less than $2 in federal taxes. Therefore 66.6% of Canadians are subsidizing 33.4% of the population.

A fair share, in Canada and the US, should mean that all citizens pay an equal amount of taxes as opposed to paying NO federal taxes at all.

Any mischief, based on an excessive desire to acquire and possess more than what one needs or even deserves especially concerning material wealth, did not originate from nor is it limited to that of the Wall Street or Bay Street of the world.

It all began with the greed of Union leaders as well as their members be it teachers, hospital workers, police, bureaucrats etc. along with politicians and corporations and the shareholders of publicity traded companies.

Such firms and organizations also represent companies in the resource development sector for green energy solutions and other special interest groups publicly traded around the globe.

Because of our now excessive and numerous government regulations and attempts to micromanage the free enterprise system through government controls and outright nationalizations of industries or corporations combined with excess wage, benefit and pension demands by all guilty parties businesses go to China, India, South America and other countries around the world to find a less expensive workforce and less government.

Unfortunately, the leaders today, be they politicians or union leaders, seem far more concerned with raising political donations or union dues through new members for their own re-elections and play fast and furious with our money for their own personal success and prosperity at the expense of the those who actual pay taxes or union dues.

It is not only individuals like Hughes who feel they are entitled to receive handouts from others or the wealthy.

It’s politicians, academia, artists, academics, students, bureaucrats, corporations, unions, special interest groups, it is your neighbours and those that pay little or no federal income taxes all of whom fanatically believe they are entitled to their personal entitlements at other people's expense.

This is not freedom or democracy but a resurgence of progressive totalitarian socialized liberalism. If anything occupying pressure groups protesting against the Wall Streets or Bay Streets of the world or individual achievements and wealth without any pronounced alternatives suggest anarchy.  

Perhaps as most academics preach they wish for a return to Fascism, Maoism, Maoism, Communism or 21st-century totalitarian socialism?

History has documented for us all that unexpected power by revolutions throughout the world are prone to arrogance, disrespect, intrusive and short-lived freedoms for the people at the expense of law and order, liberties and freedoms.

For example the French Revolution, given the benefit of history, "it's difficult to understand why anyone doubts the fascist nature of that revolution. It was totalitarian, terrorist, nationalist, conspiratorial and populist.

And it produced the first modern dictators, Robespierre and Napoleon. The paranoid Jacobin mentality made the revolutionaries more savage and cruel than the king they replaced. Over fifty thousand people died in the terror of that revolution."

The Russian Revolution and its later day revolutionary leaders were responsible for the deaths of more than 40 MILLION people in the name of that revolution.

The Chinese Revolution under Mao saw over 65 MILLION people killed in the name of that revolution. The Cuban revolution saw close to 50 thousand kicked, tortured, and terrorized and thousands of political prisoners still remain in jail for daring to speak up against Castro and his brother.

Unfortunately, today’s elected career politicians and bureaucrats within this new world consist mostly of blame passers who never take responsibility or come to grips with their personal refusal to stand up and be held accountable.

Money left in the hands of taxpayers is far more productive than putting it in the hands of career politicians, special interest groups and unelected bureaucrats.

Democracy yes, but anarchy, class warfare and revolutions NO as they tend to destroy freedom and liberties not build them.

http://ca.news.yahoo.com/blogs/dailybrew/social-media-pummels-cbc-kevin-o-leary-nasty-185457737.html?

http://fullcomment.nationalpost.com/2011/10/10/charles-krauthammer-changing-our-world-faster-than-light/

South African White farmers 'being wiped out' by Dan McDougall in Ceres, Western Cape

Over 3,000 have been killed since 1994. Now the ANC is accused of fanning the hate.

Dan McDougall in Ceres, Western Cape

THE gunmen walked silently through the orchard. Skirting a row of burnt-out tires, set ablaze months earlier to keep the budding fruit from freezing, they drew their old .38 revolvers.

Inside his farmhouse Pieter Cillier, 57, slept with his 14-year-old daughter Nikki at his side. His 12-year-old son JD was having a sleepover with two teenagers in an adjoining room.

As the intruders broke in, the farmer woke. He rushed to stop them, only to be shot twice in the chest.

In his death throes, he would have seen his killers and then his children standing over him, screaming and crying.

The attackers, who were drug addicts, simply disappeared into the night. Cillier’s murder, at Christmas, was barely reported in the local press. It was, after all, everyday news.

Death has stalked South Africa’s white farmers for years. The number murdered since the end of apartheid in 1994 has passed 3,000.

In neighbouring Zimbabwe, a campaign of intimidation that began in 2000 has driven more than 4,000 commercial farmers off their land, but has left fewer than two dozen dead.

The vulnerability felt by South Africa’s 40,000 remaining white farmers intensified earlier this month when Julius Malema, head of the African National Congress’s (ANC’s) youth league, opened a public rally by singing Dubula Ibhunu, or Shoot the Boer. This apartheid-era anthem was banned by the high court last week.

Malema’s timing could hardly have been worse. Last weekend in the remote farming community of Colenso, in KwaZulu-Natal, Nigel Ralfe, 71, a dairy farmer, and his wife Lynette, 64, were gunned down as they milked their cows. He was critically injured; she died.

That same day a 46-year-old Afrikaner was shot through his bedroom window as he slept at his farm near Potchefstroom. A few days later a 61-year-old was stabbed to death in his bed at a farm in Limpopo.

The resurrection of Dubula Ibhunu, defended by senior ANC officials as little more than a sentimental old struggle song, has been greeted with alarm by Tom Stokes, of the opposition Democratic Alliance. He said the ANC’s continued association with the call to kill Boers could not be justified.

“Any argument by the ANC that this song is merely a preservation of struggle literature rings hollow in the face of farming families who have lost wives, mothers and grandmothers,” he added.

He was supported by Anton Alberts of the right-wing Freedom Front Plus party: “Malema’s comments are creating an atmosphere that is conducive to those who want to commit murder. He’s an accessory to the wiping out of farmers in South Africa.”

Rossouw Cillier, Pieter’s brother, bristled as he pointed to the bullet holes in the panelled kitchen of the farmhouse near Ceres in the Western Cape. “They shot him through the fridge from the back door — the bullets came straight through here, into his heart. He never had a chance,” he said.

A successful apple and pear grower, he believes his community is living on borrowed time: “More white farmers have been killed than British soldiers in Afghanistan and Iraq. Yes, we are at war here.”

His brother’s farmhouse is now shuttered and empty. “I can’t spend time here. We’ll have to sell. This farm has been in our family for generations but it must go. Who’ll manage it? The children will never come back here. They held their own father as he died in front of them. Will they ever get over that?”

As we walked across the orchard, fruit destined for the shelves of Tesco and Sainsbury’s in the UK was still being picked. A tractor passed a 10ft cross erected in honour of the murdered farmer.

“It lights up at night,” Rossouw said. “My brother was a religious man. It’s all that’s left of him here.”

Across South Africa, many farmers feel endangered. In Northern Province a tribute has been created beneath an enormous sign with the stark Afrikaans word “plaasmoorde” — farm killings. Thousands of white wooden crosses have been planted across a mountainside, one for each fallen farmer.

Recently the government’s department of rural development has been airing proposals to nationalize productive farmland as a “national asset”. Critics claim it is designed to deflect criticism from the ruling ANC’s failures.

“It’s a lot easier talking about nationalizing farms than building decent houses, making clean water come out of taps or honouring promises to redistribute farm plots to millions of landless poor,” said a spokesman for AgriSA, the farmers’ union.

On the outskirts of Ceres, there are few groceries in the township store — tins of pilchards, baked beans, and some dried biscuits. A group of teenage boys sit on the burnt-out remains of a Ford Escort. This is where Cillier’s killers gathered, in a shebeen, a drinking club, where they fortified themselves with cheap hooch before they set off to rob him. They escaped with nothing.

According to Rossouw Cillier, the most telling detail is that his brother was unarmed when they attacked. “If we brandish a weapon, we’ll go to prison, not them. What did they gain from this murder? It was an act as pointless as their lives.”

Dan McDougall in Ceres, Western Cape as he reported 

 

Ontario Works Program Requirements Lacking Permanent Residence and Canadian Citizenship Eligibility Requirement?

Apparently, at present the main eligibility requirement for people seeking to receive benefits of financial assistance and other such programs and services is that the person be living in Ontario without first having to be a Canadian citizen or legally landed immigrant.

Experts put the number of undocumented immigrants in Canada at between 175,000 and 250,000 people.  While it is illegal for companies in Canada to hire undocumented workers this law is rarely enforced because of Toronto’s  “Don’t Ask” policy.

Many illegal immigrants in Canada are failed refugee claimants who never leave the country, or people who overstay visas. In Toronto and Vancouver, there are a large number of undocumented people who are working in the underground economy.

It further appears that the city under the previous administration ran up a bill of over 53 Million dollars for services that are over and above the mandatory health services required by the province.

To date, the province according to Andrew Chornenky has paid out over $135 Million to the city for welfare alone this year. However, it seems that the previous city administration was asking for an additional payment of some $35 Million for what I am not sure?

At present the city thanks to taxes paid by Toronto taxpayers helps with additional health costs for people living in Toronto that the province does not reimburse because one assumes they were not mandated services that the province is willing to pay for and rightfully so.

Toronto taxpayers presently fund such services as 

1.    Ontario Disability Support Program,

2.   Dental services,

3.   Eyeglasses and eye care,

4.   Health benefits for people leaving Ontario Works,

5.   Medical supplies and special devices,

6.   Medical transportation,

7.   Medication,

8.   Physiotherapy services,

9.   Special diets,

10. Other health-related resources? 

http://www.metronews.ca/toronto/local/article/705387--city-province-in-spat-over-welfare-costs

 \

http://www.toronto.ca/socialservices/healthcosts.htm

http://www.accesson.ca/en/mcss/programs/social/ow/

http://www.canadiansocialresearch.net/welfare.htm

Happy Hanukkah and Merry Christmas and an Exciting, Active and Healthy Holiday Season to All Who Celebrate Same in Their Personal Way.

 

Hanukkah  2010  December 1-9

Hanukkah which this year started on December 1, is a Jewish holiday celebrated for eight days and nights. Hanukkah has become much more popular in modern practice because of its proximity to Christmas.

With many Jewish people living in predominately Christian societies, over time Hanukkah has become much more festive and Christmas-like.

Jewish children receive gifts for Hanukkah – often one gift for each of the eight nights of the holiday. Many parents hope that by making Hanukkah extra special their children won't feel left out of all the Christmas festivities going on around them.

Christmas 2010 December 25

Around about 400 AD, Christians started celebrating the birth of Jesus. 'Christ' means 'Messiah' or 'Anointed One' - the title given to Jesus - and 'Mass' was a religious festival.

Unfortunately in most of the world today, the real meaning of Christmas is often forgotten. It has become a non-religious holiday!

More children believe in Santa Claus or Father Christmas than in Jesus. Christmas Day has become a time of exchanging gifts and for eating, drinking too much and watching television.

To find  the real Christmas story it can be found in the Christian Bible. It is told in two different books, Matthew and Luke chapters 1 and 2.

By reading the story of the birth of Jesus and seeing how Christians celebrate Christmas today you will see that unfortunately they do not seem to have many connections in  Christian society to day.

All Levels of Gvoernemt Should Implement Zero Based Budgeting Process

 I strongly believe Mayor Rob Ford and his new administration can come in with No tax Increases for 2011 and replenish the city reserve funds if.....

He insists that a zero base budgeting process be put in place for all city departments, services, commissions and programs for 2011 and beyond immediately.

A zero-based budgeting process requires that the existence of a government services and programs be justified in each fiscal year, as opposed to simply basing budgeting decisions on a previous year’s funding level.  As such it would force all city departments, commissions etc. to assign every dollar of income to an expense (or savings) category.

This ZBBP puts the burden of proof on the Commissioner and managers and demands that each justify the entire budget in detail and prove why he or she should spend the taxpayers money in the manner proposed. As In zero-based budgeting, each dollar spent by management must be justified with a detailed account of what will be spent