BTW...if GoPro was offered a government-dictated market monopoly for about 70 years as the only camera provider for everyone, you'd have a comparison. But alas....
Seems like the public opinion on wheat --- more specifically the gluten within it ---- is akin to that of pure poison. Who knew?
Just wondering: As none of you saw fit to try and evolve your economy past being hewers of wood, drawers of water and growers of grain, how much taxpayer money are you going to incinerate to defend your most favored sector?
Far more importantly, as the market price of wheat slowly drops into the sewer as the anti-vaccine types abandon it in droves, how cheap are you going to dictate the railways charge for moving it? Are CP and CN going to end up paying farmers for the privilege?
Just a little while ago, Potash was the apple of the world's eye, and they were willing to pay a king's ransom to own it.
Canada's economy is now heading back into the commodity toilet it has occupied for the vast majority of the last 30 years, the C$ is head back to 65 cents US, and the Chinese know better than to ever dream of darkening the country's door with their investment money ever again.
Well done, Canuckistan! You dodged a bullet, and avoided a once-in-an-eternity chance to take a step beyond the "hewers of rocks and wood" to which you are self-relegated. Hooray!
Obama blocks Keystone, effectively bullying ineffective Canuck politicians, not only depriving them of the ribbon cutting on a major national infrastructure project, but making them look like hapless fools in the bargain.
So these same, sadsack Canadian politicians redirect their own ire onto Canadian railways, bullying them with outrageous penalties and requirements that have no basis in economic or safety realty whatsoever.
1) Western Canadian grain is magical, and must be prioritized as the most important cargo on Earth, deserving the most exceptional delivery times.
At least to tidewater. Where it can then sit for weeks. Whatever.
2) But you can't charge a shipping rate that reflects anything close to this "value". We'll also tell you what that number is.
3) And we will impose financial penalties on you if you don't move it fast enough, no matter what the reason....weather, port inefficiency, force majeure......whatever. We love the press we get on that.
4) As a common carrier, we require you to carry oil by rail....regardless of whatever objections you might have.....and let you swing in the wind when the ignorant public calls you "greedy SOBs chasing the almighty dollar" for simply complying with the law of the land.
5) And we want to move oil reeaaaaal slow, for improved safety ---- while moving that grain super fast. You go figure out the piddly details of doing that....
6) And now, because we don't like being caught with our regulatory oversight incompetence on display (ie. Lac Megantic), we are now creating a punitive slush fund to cover the costs of any future rail accidents. Then we can use the suckers' tax money for something lese we like. And score points with those dsame suckers for fleecling you.....win win.
The soviet system didn't die...it's making a stealthy comeback.
This collective of hypocrite shysters has now just instituted a mandatory "slush fund"" that CN and CP must pay into to act as a compensation pool to pay for any (!?) damages resulting from any (!?) future rail accidents. Which must be nice ---- knowing that, whatever comes up, you have this free pile of money you can simply confiscate and dole out to whoever wants some of it.
It must feel especially empowering to know that you, Canuck government boobs, as the authority that is staffed and paid very well to regulate and oversee the safe operation of the rail sector, and hasn't come even close to fulfilling that mandate for the past 20 years, can now relax and be even MORE incompetent. Relax, sit back and take it even easier (if that;s possible). Because there's a big pile of money to pay out for whatever incompetence or negligence you continue to exhibit (like Lac Megantic, for example).
I don't see conflict of interest in legally requiring that railways provide millions of dollars to a slush fund that implicitly facilitates, permits, and supports the government to become even more incompetent at their own jobs......do you?
.....But Dias (Unifor) said CN is objecting because it wants a cheaper deal than CP obtained.
"They're a huge, huge wealthy Canadian company that's (acting) like a schoolyard bully . . . the tactics just aren't going to work."
Memo to Jerry Dias:
What any other company pays its employees is none of your concern. CN employees earn CN paycheques for their effort and performance at CN.
CP is now an operationally superior railroad to CN, and CP has chosen to reward its employees for that superior effort and outperformance. If any CN union employee would prefer to work at CP, in part because of superior compensation, they should submit a resume.
As far as CN being a "huge, wealthy Canadian company". Yup. So what?
Your rationale is clearly "CN can afford to pay us more. More than we could be bothered to justify with any economic argument or rationalization, so we're just demanding that they do. Or else we'll stop their business by wlaking out.
That's the definition of an extortionist.
I can't imagine why that matters, or why you should care.
Another indication of your mental acuity and credentials as "financial advisor to the rich".
Get lost, you loser.
No...you made the original comment because you're clueless and don't know any better.
And you made that reply because you're still just as stupid.
Kudos, Claude Mongeau. For having the backbone to stand up to these clowns by pulling CN's last offer to Unifor off the table. Eff 'em.
This shareholder is 100% behind you on this one. Down with loser extortionists.
If Lac Megantic had happened on U.S. soil, STB heads would have rolled, and Keystone would be under construction as we speak.
Well, "Megantic Light" just did.
But good luck putting the CBR genie back in the bottle, now that the Obama geniuses let it out.
Allegedly, CP has agreed to a demand by Unifor that the company pay 5 cents per hour to a "political activism fund". CN refuses to agree to the same demand, and is now risking a strike over it as a matter of principle.
If this is true, I'm very disappointed. This demand is utter, contemptuous BS. If Unifor believes that any kind political activism is one of its priorities, let it use its own money, not that extorted out of its employer, to assist in achieving ends that would quite possibly be at complete odds with the interests of the company.
Pull the offer and let these jokers walk in the snow. For as long as it takes for them to sober up.
Ask Obama to chip in tens of millions in taxpayer money. After all, CBR is what it is today because of that economic genius and his pipeline allergy.