Friday, April 01, 2011

 

Big Media is playing an April Fool's joke on itself ... they're pretending to say a kind word about Premier Glen Clark!!! Good one, eh? Ha ha ha ha.

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BC Mary comment:  It's in the following article:

Our business: 10 significant people, enterprises or events

By Derrick Penner
Vancouver Sun - April 1, 2011

Visit the original article for embedded links.


4) VANCOUVER STOCK EXCHANGE

In the early 1990s, Vancouver was internationally known for its dodgy penny stock market, the Vancouver Stock Exchange. Today, however, we have a credible junior bourse, the TSX Venture Exchange, which has developed many legitimate businesses and mineral properties.

The exchange’s rehabilitation and transformation can be traced back to May 13, 2003 [BC Mary says, y'see, this date can't be right], when then-B.C. finance minister Glen Clark, fed up with VSE shenanigans, announced a commission of inquiry into regulation of the exchange. Early the next year, the inquiry commissioner, Jim Matkin, denounced the VSE as a breeding ground for swindles and laid the blame at the feet of the B.C. Securities Commission.

While most of Matkin’s recommendations for reform never saw the light of day, his report served as an official wake-up call. The exchange began blackballing miscreant promoters, then merged with the Alberta Stock Exchange to form the Canadian Venture Exchange, and was later acquired by the more respectable Toronto Stock Exchange, resulting in the TSX Venture Exchange.

It’s not quite a Cinderella story (there are still few ugly sisters on the scene), but overall it has been a remarkable transformation.

Read more HERE:

http://www.vancouversun.com/business/business+significant+people+enterprises+events/4544933/story.html#ixzz1IKL8Yn6g

______________________________

Number 9  (same article) about the origins of BC Hydro:

9) BC HYDRO

BC Hydro was born on August 1, 1961, when Premier W.A.C. Bennett lifted the shroud around a “mystery session” of the legislature and announced the government was forcibly taking over B.C. Electric Co.

Until then, British Columbia’s largest power provider had been a Vancouver-based private enterprise that was founded in 1886 — the same year that the city itself was incorporated.

It grew into one of the most successful private utility companies in North America.

The takeover cleared the way for Bennett’s Social Credit Party to create a legacy of some of the cheapest electricity rates in North America. Fifty years later, B.C.’s resource and manufacturing industries still get a competitive boost from that legacy.

The takeover was announced in Victoria while funeral services were underway in Vancouver for Dal Grauer, the iconic BCE chairman who had been instrumental in the company’s growth and development over the previous quarter-century.

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BC Mary comment: very funny, eh?
Or is it.

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Read more: http://www.vancouversun.com/business/business+significant+people+enterprises+events/4544933/story.html#ixzz1IKMhMlhz

Comments:
http://harveyoberfeld.ca/blog/h-o-blasts-lack-of-bc-rail-answers/
 
If memory serves, the straw that broke the back of the VSE was an insider trading charge by the Ontario Securities Commission(sp?), against then premier W.R.Bennett.

WR declined to address the charges and studiously avoided entering Ontario where he would have been detained to answer the charge.

I presume the statute of limitations has caused the charges to be stayed by now.

Curiously, shortly after Pinochio was entertaining WR on the infamous toll bridge in Kelowna, there were reports of insider trading in Taseco mining stocks. Pinochio always considered WR to be his mentor.

I don't suppose much will come of that either.
 
I think it's this way Mary.

The BCLIBERALS are actually behind this little bouquet party for Glen Clark...It doesn't pay to continue to vilify someone with the same last name as Ms Christina.

BCLiberals are far too easily confused.
 
I'm not sure "too easily" is even necessary in that phrase, at the best of times.....

Ron, do tell about the TAseko nsider trading....that could blow things right out of the water.

As I remember about the Doman scandal, and the little jurisdictional poker that was played to keep the Ontario Exchange Commission or whatever it's called from investigating, is that the far bigger scandal that the Doman scandal was merely a smokescreen for was the Bennett family buy-up of the Nicola Valley in advance3 of the announcement of the Coquihalla.....

and top date I don't think there's ever been an ecnoomic impact statement/study on the Fraser Canyon communities who were devastated and depopulated by the rerouting of most traffic through what had previously been a remote and cheap part of the area. How many people lost livelihoods, even fortunes, because the Bennett family not only built a new highway to its favourite hometown, but did a humungous land deal under everyone's noses; between the Doman scandal and the cost overruns/graft and the grade problems, all that was just smokescreen.

That analysis, as I remember it, ws from someone of the calibre of Fotheringham, in the days when the Sun ran columnists and not just stupid dolts and petty jacks in its op-ed pages. If it wasn't Foth, it was someone of that rank.

Another goodie, long-forgotten, is the conversion of the Government Reserve in 1976 into Timber Supply Areas etc in the wake of MacBlo's buy-out of the 1975 election on behalf of MiniWac.

85%, I think it was of the province's landscape taken from resources-in-holding (actually set aside in the 1880s or 1890s as collateral against future land claims settlements) turned over to the forest industry for its primary use, and hundreds of millions of dollars in road-building support (for roads closed to the public 90% of the time). Business as usual in BC goes back a long ways; nobody I suppose back then thought to look to see what forest company stock the Bennett family held either, huh?

But Taseko's a very different matter, and the template for everything else the Libs want to get done for their friends vs the incredible ability of Ottawa to actually make (some) sane environmental policy decisions.

And about Taseko, Clark has no clue who she's tangling with. She's tangling with the Xeni Gwet'in, and if she doesn't know who they are, they sure as hell do and have never forgotten that they kept white encroachment out of their region and only lost that war by legal treachery; but they fought off the Britanny Triangle and also the Chilko Diversion Project before that.

Taseko is a remarkable part of BC, liek everything from there and the nearby Fraser west to the Klinaklini largely kept from public visibility to prevent it popularity, which should be on the order of the best of the Rockies. Invisbility means exploitability.

Very tellingly, by the way, the CBC web article on the federal decision said Fish Lake "looks like any other lake in the region" (they said the same about Pavilion Lake despite its miraculous setting in Marble Canyon), and showed no mountains nearby, instead of the purple-and-ochre starkness of Taseko and its neighbours. There's a certain flight on Randall & Kat's Flying Photos which covers some of that area, I'll find it and come back with the link....though they have none of Taseko itself.

Should be famous country, but instead you see pictures of Stanley Park and Whistler Village and Hells Gate and Okanagan vinyards.....couple of totem poles, teh Butchart, that's all there is to see folks, move on to Banff now....
 
Skookum1,

Once again, you've opened doors to another scene of British Columbia history. One day, I hope there's a grand statue of the Skookum 1 at some crossroads in BC. Which one would you choose?

Your comment today sent me off to search for the background to

Found it. Tons of it. Isn't this Hide-and-Seek History held under a B.C. patent or something? Why can't we look back on a proud written history ... must it always be the big double-crossing sneak attacks? Wikipedia says:


Chilko Lake

Location Chilcotin District, west-central British Columbia
Coordinates 51°15′N 124°05′WCoordinates: 51°15′N 124°05′W
Primary outflows Chilko River
Basin countries Canada
Max. length 65 km
Surface area 180 km²
Surface elevation 3855 ft (1285 m)
Islands Duff Island
Settlements None

Chilko Lake is a [beautiful] 180 km² lake in west-central British Columbia, at the head of the [beautiful] Chilko River on the [beautiful] Chilcotin Plateau. The lake is about 65 km long, with a [beautiful] southwest arm 10 km long. It is one of the largest lakes by volume in the province because of its great depth, and the largest above 1,000 m. It and Harrison Lake are the largest lakes in the southern Coast Mountains.

The inland equivalent of the many fjords which line the British Columbia Coast on the other side of the Coast Mountains, Chilko Lake's glacial valley opens not out onto the ocean, but onto a broad lava plateau that lies inland from the highest section of the main range. The mountains at the head of the lake are among the highest in the province, and two broad, deep glacial valleys connect east to the smaller Taseko Lakes, which drains northwards parallel to the Chilko River, both of them converging with the Chilcotin River which is a tributary of the Fraser.

cont'd.
 
cont'd.



Tatlayoko Lake, to the west across another range, is not part of the Chilcotin-Fraser drainage, however, but is part of the Homathko River drainage to Bute Inlet.

The area spanning the head of Chilko Lake and Taseko Lake basins and the two valleys between the two lakes has been preserved as the Ts'il?os Provincial Park, which is co-administered by the Parks Branch of the provincial government and by the Xeni Gwet'in, who are the residents of Nemaia Valley and one of the component bands of the Tsilhqot'in (Chilcotin) people; Nemaia is the more northerly of the two east-west valleys, the southerly one is Yohetta Valley.

Tsi'l?os is the Tsilhqot'in name for Mount Tatlow 3,063 m (10,049 ft), which stands in the ranges between Chilko and Taseko Lakes. Higher still are the mountains at the head of Chilko Lake, crowned by 3,182 m (10,440 ft) Monmouth Mountain, and to the southwest of the lake, between the two arms, is Mount Good Hope 3,242 m (10,636 ft), with the range rising west from there towards Mount Queen Bess 3,298 m (10,820 ft), to the south of Tatlayoko Lake and higher still beyond to Mount Waddington.

[edit]History

The area around Chilko Lake was where some of the backwoods manoeuvrings and sit-outs of the Chilcotin War of 1864 took place, and the Tsilhqot'in people who live here, the Xeni Gwet'in, are said to include descendants of Klatsassin, the main leader of the war. The vicinity of the lake is also the habitat of some of the last holdouts of the Chilcotin Country's once-numerous herds of wild horses, especially in the plateau-terrain area known as the Brittany Triangle area between the Chilko and Taseko Rivers, which is currently (2005) a subject of preservationist vs resource industry controversy, though not as high profile as other regions of the province.

Projected hydroelectric plans to divert the Taseko Lakes into Chilko Lake, and the combined Chilko and Taseko flows into Tatlayoko Lake and via a series of dams down the Homathko River, have been scrapped because of the provincial park status enjoyed by Chilko and Taseko Lakes. The area between Tatlayoko and Chilko Lakes is not protected, however, and plans for the dams and power plants in the canyon the Homathko River are still possible. One, the largest, would be built immediately atop the site of the first "battle" of the Chilcotin War, marked on government maps as "Murderer's Bar".

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My thoughts keep returning to Taseko Lake, Chilko Lake, and the beautiful regions of British Columbia which continue to be threatened as much by secrecy, as by rapacious developers.

And I keep thinking of that article dated April 1, 2011 which, in effect, is laughing at the readership, at the big issues of the day, at media's duty to inform.

How wonderful for them (I guess) to have a special Day - April 1 - to "Tell lies, fudge and distort the facts and get paid for it" even if only once a year.

But with so MUCH at stake, can we afford to keep playing this treacherous game? I mean, to laugh off Chilko Lake? and Taseko Lake? Like, is it really OK if the media can't report the news honourably, then they'll teach us to laugh it off?

Maybe this is a signal that even "accredited" journalists and perhaps even the newspaper publishers are waking up to their duty?

I'd like to think so.
 
I've driven out to Chilko Lake, it is a beautiful area.
 
Doman and Bennett the lesser were "tried" in BC subject to VSE/BC (in)justice rules, in a "rush to judgement" for their insider trading (which gave them the double "win" of scoring a hit on the BCTF's pension fund, who bought a lot of the dumped stock without the benefit of Doman and Bennett's inside information).

Anyway our typically corrupt justice system in BC, the way was cleared for this matter to be resolved with utmost haste here in Lotusland - thus protecting Doman and Bennett from prosecution under the more more stringent laws governing trading in Ontario and on the TSX due to the double jeopardy tradition. In other words the jurisdiction in which their "jeopardy" was minimal did its utmost to protect the sleazebags from real, or more appropriate justice where the sanctions were stiffer and they didn't have as much political sway and power.

The whole thing was like a preview of the recently "successfully" (successful from the perspective of the real and untouched crooks) adjudicated BC Rail case.
 
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A tip o'the tuque to you, Koot, as well as to Skookum1 for these rich items from recent BC history.
 
Lucky you, Hugh. I've never seen Chilko Lake ... have only only heard of Chilko Lake ...

and in the tones of respect and amazement with which people talk about The Chilcotin.

Come to think of it, I bet I never told you that for 2 days, out in those beautiful hills, I once rode a horse which (that very same year) had been a notable bucking horse in the Anahim Stampede. Yep. For 2 days.

Her name was Flossie and I don't mind admitting that she won the battle of wits on a technicality - she balked at a sharp descent which required a jump across a stream; I cried. But we made it back together. Good memories.
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