I’m not going to go back through the blog to re-hash some of Giorgio Mammoliti’s past, erm, weirdness, but maybe there was something buggy going on with his brain? It was revealed today that he had to have preventive brain surgery to “disconnect” a potentially clotting mesh of blood vessels in his head, so that could certainly be a possibility. Here’s hoping he recovers!
RBC has been in the news this week in a way no company ever wants to be.
The recent debate about an outsourcing arrangement for some technology services has raised important questions.
While we are compliant with the regulations, the debate has been about something else. The question for many people is not about doing only what the rules require – it’s about doing what employees, clients, shareholders and Canadians expect of RBC. And that’s something we take very much to heart.
Despite our best efforts, we don’t always meet everyone’s expectations, and when we get it wrong you are quick to tell us. You have my assurance that I’m listening and we are making the following commitments.
First, I want to apologize to the employees affected by this outsourcing arrangement as we should have been more sensitive and helpful to them. All will be offered comparable job opportunities within the bank.
Second, we are reviewing our supplier arrangements and policies with a continued focus on Canadian jobs and prosperity, balancing our desire to be both a successful business and a leading corporate citizen.
Third, our Canadian client call centres are located in Canada and support our domestic and our U.S. business, and they will remain in Canada.
Fourth, we are preparing a new initiative aimed at helping young people gain an important first work experience in our company, which we will announce in the weeks ahead.
RBC proudly employs over 57,000 people in Canada. Over the last four years, despite a challenging global economy, we added almost 3,000 full-time jobs in Canada. We also hire over 2,000 youth in Canada each year and we support thousands more jobs through the purchases we make from Canadian suppliers. As we continue to grow, so will the number of jobs for Canadians.
RBC opened for business in 1864 and we have worked hard since then to earn the confidence and support of the community. Today, we remain every bit as committed to earning the right to be our clients’ first choice, providing rewarding careers for our employees, delivering returns to shareholders who invest with us, and supporting the communities in which we are privileged to operate.
I’d like to close by thanking our employees, clients, shareholders and community partners for your input and continued support.
Sincerely,
Gord Nixon
President and Chief Executive Officer,
Royal Bank of Canada
I honestly didn’t expect there to be a second part to this saga, but here we are.
In the first part I did some basic math to show that the new EI measures implemented by the Harper government are designed to eventually impoverish anyone who uses the system to supplement slow times in their industry (seasonal workers, construction workers, etc.)
Now it’s been revealed that on top of this measure, the appeals process has been taken in-house so that if you have a problem, who do you complain to? The people who caused it.
I mean, come on — you weren’t expecting Rob Ford to support something to do with biking, did you?
Okay, so now that we got that clarified, I hope it doesn’t come as a shock that Fordo vowed to kill a motion before City Hall to remove some (unused) parking spaces below City Hall and replace them with a locker to hold around 300-ish bikes.
To Rob, this just doesn’t make sense — spend $1.2 million to make an estimated $70,000 in locker fees? In a classic Fordian non sequitur, Ford blurted out, “I’m going to try to kill it at council, but that’s a complete waste of taxpayers’ money.”
Sure there’s waste at City Hall — there are two seats reserved with the name “Ford” that are complete wastes of space, for example — but the bike locker isn’t one of them.
For starters, the current parking spots to be occupied are mostly sitting idle. Of course, that doesn’t mean an additional cost, but it also doesn’t mean additional revenue. For the 12 phantom cars that are to be displaced, that would be about $3,600 per year (assuming $300 per vehicle). Even if those spots were paved over with gold and diamonds and rented out at $1,000 a pop, and the number of cars were doubled, that would still only amount to $24,000 a year.
But for the city to get that money, those spots would actually have to be reserved, so to call it lost revenue is just not correct.
To be sure, $1.2 million is an up-front cost that can’t just be ignored. If the $70K revenue stream is accurate, it’ll take just over 17 years to pay off. So in the short term, it definitely would not make economic sense.
However, this re-fit is part of the plan to re-do Nathan Phillips Square and has been for many years, so Fordo kinda missed the boat on that one (he’s been on City Council for a decade, conservatively*).
But, okay, that’s Ford right? He did, after all, come out and declare that he’s not exactly skilled at doing the whole “mayor” thing, so this shouldn’t come as a shocker to anyone.
But Ford’s numbers (still trusting him on that dubious $70K), do make sense if you require immediate payback on projects. Municipal government doesn’t always have to require that, and especially not on a relatively small $1.2 million. Even at two and a half times, as one must expect from government projects, that’s still a less-than-astronomical $3 million.
I’m willing to bet that that new stage being put up top side at the Square, not to mention all the extra stuff behind it, is worth at least a cool three mill, and what purpose do they serve?
Presumably to attract tourists and locals who might spend money. Those same tourists and locals that may arrive on bicycles (I’ve seen ’em, even on those rented numbers!)
Seems like it’s not an economic issue that Rob Ford has, nor is it a political problem; for him, it’s ideological. He doesn’t like bikes, thinks cyclists are a pain in the ass, and still thinks that it’s possible to cram more cars onto the streets of Toronto as a solution to congestion.
…[a]…citizen’s actions to help a foreign governmentoverthrow, make waragainst, or seriously injure the [parent nation].
Under Canada’s definition, this only extends to helping out a country with which Canada is at war with … like Afghanistan (a recent example demonstrates that this does not have to be the case) . That alone is enough to prove that Stephen Harper is a traitor to Canada and must be arrested for treason immediately.
If that definition isn’t enough for you, though, how about selling out Canada to foreign ownership, completely disregarding every Canadian safeguard against doing business with oppressive foreign regimes? (All clearly documented in case you had a doubt)
How about the fact that, while simultaneously opening the doors to offensive governments that shit all over human rights, Harper is doing his hardest to strip away any social programs and assistance that Canadians have to ensure that we are beholden to our foreign new masters?
The whole kit and kaboodle is called insourcing, and all the cool kids are doing it these days.
And if it sounds like a form of foreign economic invasion, well, if it croaks like a frog…
After almost a decade in power, all of the “but it’s for Canada!” lines are just so much open deception. Of course he isn’t doing it for Canada! Harper doesn’t give a shit about you, me, or this rotten country he wants to hand over to the highest bidder as soon as possible.
And under “austerity“, all of our money is handed over whether we agree with it or not.
If all of this – the working to directly destroy Canada and hand it over to other countries – isn’t treason, I don’t know what is.
Stephen Harper, and most of his treasonous cabinet, must be arrested and tried right now. His actions are anti-Canadian and transparent.
Classic Ford hypocrisy — bellow about the entitlement of government employees, then secretly create a brand new, highly-paid City Hall position, ask a fellow football coach to fill it, and when asked to comment, tell the newspapers to go fuck themselves. Except the Sun, of course, because they report on what they’re told, they do it how they’re told to do it, and they don’t ask any questions (now that’s a newspaper!).
So what exactly qualifies Dave Price for the position? Go fuck yourself.
What does the position entail? Go fuck yourself.
How much will Mr. Price be making? Go fuck yourself.
How did Ford decide on Dave Price? “I don’t want to get into personnel matters”, Ford says.
In other words, I’m Rob Fucking Ford and I’m not accountable to anyone. Go fuck yourself.
Rob Ford’s failures are easy pickings; they’re numerous and obvious. But every once in awhile, he also registers a victory which would be incredibly disingenuous of me not to mention.
That Council item, made a top “priority” by Rob Ford, centered around the food concessions in the currently-under-renovation Nathan Phillips Square. Up until recently, those consisted of chips, chocolate, and fizzy drinks offered while the skating rink had blades on it. The rest of the time, the place was shuttered and the only place to grab a bite was at one of the food trucks parked on Queen Street.
But yesterday, led by Ford, Council flipped on a previous decision to not allow a local food chain to move in, and essentially greenlighted Hero Burgers for the location.
I need to point out that I have nothing against Hero Burgers. After Big Smoke and Gourmet, Hero is easily my third choice for tasty burgers (within walking distance). So I don’t have any issues with another Hero location opening up in front of City Hall. But it is interesting to point out the context…
Rob Ford made fatty fast food a top priority and managed to shove it down the City’s throat in record time. His push for subways was, and continues to be, a dismal failure. His repeated “guarantees” to remove or reduce the Land Transfer Tax are a lesson in how not to get things done. His constant threats to sic “Ford Nation” on various politicians is more or less a joke. And so on.
But let’s give credit where it’s due: when it comes to accessibility to greasy foods, you can expect Rob’s full support, undivided attention, and unrelenting determination. Rob also works tirelessly in other areas, like helping homeless Torontonians with a few temporary beds — and by that I mean being the sole dissenting vote against the simple, humanitarian measure.
Although he reserved his harshest, most thoughtful criticism for the proposals that Metrolinx recently put out in order to fund transit in Toronto, he nonetheless believes that he was wronged in being forced to pay his own way after “winning” the appeals to the case — one out of four appeals, or 25% of the total to be exact (after completely losing the original case).
But this is Rob Ford, after all, who believes that 25% qualifies as an overwhelming “win”, or that a 47% voting result is a “majority” during an election, etc.
Ford is probably also upset that those opposing him are working for free (assholes!), essentially leaving him the only one footing the bill for his own crimes, which the appeal judges once again reiterated were very real and very wrong, hence the loss of most of the appeals.
The funny thing is that this is exactly what Ford and his idiot supporters outright demand — it’s everyone for themselves, and cut and slash and privatize and fuck everyone in the process because money should be in the pockets of the rich, corrupt, and openly criminal. This is Ford’s raison d’etre incarnate; but, of course, because it’s being done to Rob and not by him, it’s completely wrong! That’s the new neo-Con, money-trumps-everything, buried-in-hypocrisy-and-lies-and-corruption Canada.
Clayton Ruby offered an insightful and absolutely correct analysis of the situation: “Mayor Ford’s costs request was, once again, scuppered by Mayor Ford.” The term “karmic retribution” would also be very appropriate — now the universe just needs more of it.
March 2007 – Toronto Hydro seeks a rate hike of 6.3% to deal with losses incurred due to a loss in revenue because of a promotion to encourage customers to use less electricity (how inept are these people?!).
Hydro explains it managed to get the Ontario Energy Board to agree to some rate guarantees over a number of years, allowing the utility to ensure it will have enough money to refurbish its system and hire new employees to replace those who are retiring.
Hydro says it’s the first time the OEB has ever given them a multi-year approval. That agreement is part of what’s allowing them to plan for the future – and lower your costs in the present, at least for now.
August 2009 – Toronto Hydro applies for another rate hike to accommodate renewable energy and to deal with “aging infrastructure”.
July 2010 – Hydro is successfully sued for illegally overcharging customers. Settlement says that if Hydro makes a mistake in repaying customers (wrong amount, wrong date, cheque never sent or received), they’re completely off the hook and the case is settled (i.e. the law says it’s okay for them to lie in order to weasel out of their obligations).
September 2010 – Hydro seeks rate increase of 4 to 5% to deal with “aging infrastructure”.
November 2010 – Hydro says prepare for rates to jump by almost 50% in order to deal with “aging infrastructure”.
March 2011 – Toronto Hydro posts record profits, directly as a result of rate increases.
January 2012 – Toronto Hydro demands yet another rate hike, threatening to fire all employees (except highly paid executives), and plunge the city into darkness in order to deal with “aging infrastructure”. The energy board rejects the plea, saying Hydro is essentially full of crap.
March 2013 – Toronto Hydro threatens more blackouts unless they’re allowed to gauge customers under the “aging infrastructure” excuse again.
The fact that these numbers, and the excuses behind them, are so widely varied and apparently completely ineffectual should be a direct indication of the open lies of Toronto Hydro. Their ongoing 5-year plan, a dismal failure since at least 2006 (if you believe them), to fix “aging infrastructure” seems to include only more and more rate increases, threats, and equipment failures / excuses.
Rates have risen by roughly 60% over the past 5 years, and Toronto Hydro is still running around fixing equipment failures that they continue to claim they can’t fix because they don’t have enough money. And because they’re a monopoly being propped up by political ignorance and corruption, your only choice is to refuse to pay this criminal tax.