The non conformer's Canadian Weblog

February 13, 2015

As if the oil downturn, recession is not enough for Alberta

alberta

The Canadian Food Inspection Agency confirmed on Friday that it had found a case of bovine spongiform encephalopathy (BSE), also known as mad cow disease, in a beef cow in Alberta.  BSE — a progressive, fatal neurological disease — is believed to be spread when cattle eat protein rendered from the brains and spines of infected cattle or sheep. Canada banned that practice in 1997.  Exports of Canadian beef were repeatedly  badly hit in 2003 after the first case of BSE was found on a farm. A fresh discovery of BSE may close borders to Canadian beef and reduce the price of beef for Canadian Consumers again.

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The  scenario that’s unfolded in Alberta in the past month is frightening .  The drop in oil prices has hit Alberta like a bomb. Few saw it coming.   A long-term over supply means “the new equilibrium price of oil will likely be much lower than over the past decade.”  So the news out of the oil towers in downtown Calgary, Edmonton gets worse every day. Everything from employment to local real estate markets are starting to  seriuosly suffer. Job losses in the Alberta oil patch have become almost daily events in oil patch and are even mounting  as the oil price collapse is pushing the past-vibrant Alberta economy into a dramatic downward spiral,  meaning more than 60,000 lost jobs . The Alberta  Government is facing $21-billion resource revenue shortfall over three years. Finance Minister, Robin Campbell, announced the upcoming budget will have a 9 per cent cut in program spending. In addition, the province will cut five per cent across the board, which will mean a $2.2-billion reduction in overall spending, year over year.  Likely nothing, including health care and education, is considered  untouchable.  “They’re destroying business confidence by threatening to tax anything that moves — tax on sugar, tax on gas, Alberta health-care premiums, and raising our 10-per-cent flat tax rate.”  Alberta’s premier Jim Prentice has said public-sector unions must do their part in light of low oil prices, as he called the present wages for teachers, nurses and other civil servants unsustainable. The cities of Calgary and Edmonton, both of which  depend on significant cash infusions from the province, will likely have to put their dreams on hold for a long while.The budget cuts trigger outrage in Alberta.  ” The news was reminiscent of the mid-1990s when then-premier Ralph Klein — faced with a crippling, $20-billion debt — gutted parts of the provincial civic service, eliminating thousands of jobs. Grants to schools, hospitals, universities and municipalities were frozen. ”  People in other parts of the country are saying  Albertans have not resided in real world for some time.  Only now are there concerns about the Alberta’s poor as the spending reductions could have severe consequences for family, child and disability agencies that rely on government grants to pay staff and administer social services. The pain felt elsewhere in Canada  now in Alberta is real.

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Never mind what the spin doctors will say about Alberta’s future, the  present home of Canada’s prime Mister Stephen Harper  as the present reality is  that Alberta is mainly an  oil and gas, tourists, dependent on its resource sector and  the province has long relied on both the economic activity and the direct revenue from royalties and land sales to underpin government budgets but now this bubble has burst again,  the Oil’s price plunge means a bumpy ride in  all  sales, the economy in Alberta.   ‘Oil Prices are not going to bounce back:’ Prentice gloomy about quick oil recovery. Oil’s price collapse sends shiver across Alberta’s real estate market. Home prices fall also  in Calgary as real estate chill deepens.  Sales are down 7.5 per cent versus a year ago, while the  new listings have   “gushed” 42 per cent higher.  The Bank of Canada’s decision this week to slash its trend-setting interest rate a quarter of a percentage point to 0.75 per cent will not help to pay the high home mortgages many have there. You also cannot borrow more money, or buy more when facing a job cut.  School fees in Alberta triple in five years.   The out-of-pocket cost of sending a child to public schools in Alberta nearly tripled in five years as boards became increasingly dependent on fees to meet their budgets, and the Edmonton police are focusing more energy on   property crimes which  have climbed significantly. There have been 23 break and enters, 28 thefts from vehicles, and 20 thefts of vehicles in the area during the first few weeks of 2015. That is double number of property crimes the neighbourhood experienced at the same time in 2014 .  “The fact that these school fees have increased during a period when this province had record revenues is just not fair to the average Alberta family,”

https://thenonconformer.wordpress.com/2015/01/24/once-again-alberta-heads-into-a-depression/

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Alberta’s surprise recessions are not much of a surprise to the wise… for false pride still comes before a great fall.. lay off the too many abusive cops, bad city hall employees as well in Alberta and save the money now too. You have to be rather kind, nice to everyone, even the Albertans now too, cause you do not know to whom you will go begging for help next as well.  In reality History repeats itself.. remember the 1980’s. 2009-10 when in Alberta Jobs were lost, homes went into foreclosures, property values went down due the flood of homes for sale on the market. divorce increased. Sadly they in Alberta do not learn not the first, second or the third time. When they were rich, proud and arrogant the Conservative leaders of Alberta were too proud to heed to others, to take advice… but now that they are facing serious ,drastic economic downturn they merely pretend they are ready to listen.. and how long will that next last? Instead of saving , planning effectively for a rain days the politicians of Alberta were living high on the hog, spending the citizens money, and not really caring about the citizens own good welfare. ” The Alberta government didn’t have a plan unless you consider shovelling money out the back door as fast as it came in the front to be a plan. “Making use of the revenues” meant spending the revenues. When times were good it outspent every other province in the country on a per-capita basis. It may have been a Conservative government in name, but its spending was liberal, in every sense of the word. Many Albertans told them to save more, even the Liberals. It might be hard for many Canadians, particularly in hard-hit Ontario, to feel much sympathy for this western province. After all, there was a distinct cockiness in the way “The New West” asserted its newfound position of fiscal superiority this decade over Central Canada in particular.” They had often rubbed it all proudly in our face, Alberta’s wealth, it’s importance, no taxes, a great future, and what ever before that.. Because too many Albertans were openly bashing the poor people for decades as well, now they too do have to walk in a poor man’s shoes themselves.. I REMEMBER WHEN MANY ARROGANT ALBERTANS, POLITICIANS USED TO FALSELY BOAST ON THE NET ABOUT THEIR PROSPERITY.. and I would reply they need to be really now more considerate of the poor people and the rest of Canada for they too will ONE DAY be on social aid, EVEN asking other Canadians to help them.. it is funny how reality comes to pass with time even in Alberta.

https://thenonconformer.wordpress.com/2009/07/27/albertas-manure-pile/

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The OIL PRICE DROPS impacts are spreading across the economy, which the arrogant government of Prime Minister Stephen Harper has held up as being a huge beneficiary of energy-sector expansion. Alberta and other provinces reaped major financial rewards as the industry plowed tens of billions of dollars into operations and hired armies of workers as oil boomed. No more!  “The oil downturn is also complicating Ottawa’s finances as the federal government prepares a pre-election budget , the price collapse prompted the government to delay its 2015 budget. The Finance Minister Joe Oliver’s Nov. 12 economic update projected a $1.9-billion (Canadian) surplus for the coming year based on an assumption of $81 (U.S.) oil. Since then, the Bank of Canada has opted to use $55 oil for its forecasts, and earlier economic projections of a significant rebound in prices this year have evaporated in recent weeks.” The country’s largest private mortgage insurer Genworth MI Canada Inc.,  says it expects rising losses on its portfolio of Alberta mortgages this year.  The Alberta mortgages in the last two years,  borrowers tended to have relatively high loan-to-value ratio, with equity averaging just 16 per cent in 2013 and 9 per cent in 2014, due to slow home price appreciation and borrowers paying off less of the principal on their mortgages in those years, the company had  said. Genworth Canada’s own stock has plummeted 25 per cent since November.

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IT IS UNDERSTANDABLE THAT THE BAD GUYS DO NOT LIKE THE TABLE TURNED AGAINST THEM.. TO BAD FOR THEM.. I LIVED IN ALBERTA FOR 15 YEARS AND I SAW THAT THEY THEY HAD FALSELY REFUSED TO SEE THE HAND WRITING ON THE WALL.. TOO OFTEN TOO.

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(Mat 7:3 KJV)  And why beholdest thou the mote that is in thy brother’s eye, but considerest not the beam that is in thine own eye? 4  Or how wilt thou say to thy brother, Let me pull out the mote out of thine eye; and, behold, a beam is in thine own eye? 5  Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother’s eye.

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Thine habitation is in the midst of deceit;  (Jer 9:6 KJV)  

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Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. Galatians 6:7

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In the last 10 years, crime rates have fallen roughly 27 per cent but costs have risen 44 per cent in policing and 33 per cent in corrections. Our prisoner population has managed to stay constant.  Is that a paradox? Or is that because those in the system are smart enough to ensure they all keep working and our prisons remain full, even though there are far fewer crimes. Also the report notes “the most embarrassing lacunae in Canadian data” is the lack of useful information on our courts — “we have no systemic way of assessing whether the courts are getting more or less effective in dealing with the cases that they see, let alone understanding how much as a society we are paying. For a developed nation, this is disappointing to say the least … How bad is it?”  It’s appalling — even mischief cases take more than half a year on average to process.  First Nations represent about four per cent of the population but more and more of them are being imprisoned — from 13 per cent of the offenders in custody in 1998 to 20 per cent a decade later. In Saskatchewan, 80 per cent of inmates are native. In Manitoba it’s 70 per cent, in (Racists) Alberta 40 per cent.In those three provinces, aboriginal people also are least likely to be given probation or conditional sentences. That is a major scandal that demands investigation..  http://www.vancouversun.com/Mulgrew+Cost+crime+rises+crime+rate+falls/10296393/story.html
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Exemplary Public exposure and prosecution of the guilty serves very ones best interest… too often still missing in the PROFESSIONAL BODIES, EVEN IN THE RCMP, police   forces, churches, ALL GOVERNMENTS  as well it seems too.

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see also
https://thenonconformer.wordpress.com/2009/02/20/pride-comes-before-a-fall-in-alberta-too/

https://thenonconformer.wordpress.com/2009/01/08/canadas-oil-sand-projects/

https://putin1hero.wordpress.com/2015/01/01/canadas-prime-mister-is-in-direct-conflict-with-putin/

https://www.google.ca/search?q=thenonconformer+alberta&oq=thenonconformer+alberta

https://thenonconformer.wordpress.com/2009/07/27/albertas-manure-pile/

https://thenonconformer.wordpress.com/2011/03/31/canada%E2%80%99s-prime-minister-stephen-harper-is-not-a-real-evangelical-christian/

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