A few notes on a busy day. Some of these things are all over the news, so I’ll keep it brief and with links. Just want to make sure to have the days news all available to readers.
—The G20 finance ministers and central bankers are meeting in Busan, South Korea, trying to keep the ball rolling on post-crisis economic reform. The main approach is a decision between pushing growth through continued stimulus (lower interest rates, etc…) , or focusing on cutting deficits. They see it as a “need to strike the right balance between trimming deficits and sustaining economic growth” The Bank of Canada, by raising interests rates this week, started the process away from stimulus before other G20 countries.
There is no talk of how these measures will affect populations, just the general idea that by doing whatever is necessary to rescue the economy, we are all better off. Despite a lot of wrangling and trepidation about how it will all work out, all the leaders have bought into a consensus that may not be best for the population or planet – making the world safe for capitalism at all costs.
—hotel workers at 32 Toronto hotels vote to strike – i LOVE their timing —leverage! I’m sorry G20 leaders and entourage, you can’t stay at my place.
—the Dominion has produced a fantastic special issue on the G20, both layout and content-wise. There are stories on migrant justice, Canada’s Iran policy, the maternal and child health plan, and much more – all tied to the G8/G20 agenda. Perhaps most useful is a couple of pages of fine graphics on the G8 and G20 in relation to food security, debt relief, arms and the IMF and World Bank, which will get you up to speed in no time. And they are only 3 bucks each. Contact me if you want copies: firstname.lastname@example.org or you can check with toronto.mediacoop.ca
It’s an invaluable resource heading into the next 3 weeks.
—I added the perimeter map (with a link to a map of the surveillance camera locations), and an excellent piece called “3 reasons you should attend the G20 protests” written by Greg Shupak. Check it out.
—I’m not properly using my blog’s overwhelming power to speak to the masses if I don’t say a quick word about Rue McClanahan who died today. Just a couple of weeks ago I had the chance to have a bit of a renaissance with that lovely show from my childhood and saw about 7 or 8 episodes. Still as charming as ever. Thanks and RIP RUE.
—why is it that when the immense arsenal got shown off today, for the media it was like big boys and their toys. Just a big list of the arsenal, happy talk with the police, and no hard questions. I may have missed them, but there certainly not here. List a little, but at least 50% of that article should be ripping apart how insane this is. Instead, it legitimizes it.