Tongue firmly in cheek anonymous Political blog
Hey, Lurch make Lowndes and Daniher look short...on height, looks, brains.....
Lurch= Stefan Baranski, Counsel Public Affairs. Again, it's about positioning and perpetuating an invented concept of a quarry that adds value to the holdings. It's simply a financial instrument. It's all artificial and extremely nasty but that's what's going on. It's not about food and water or ever "turning a stone". Those are public hot buttons that the owners thrive on and that increase the value of what they own. All of the attention to the threat is making money for them NOW. The fact that extremely high grade rock lies beneath prime farm land with pristine water resources and that it can be owned will never go away and is not a deterrent to investment. It attracts investment and perpetuates a model of economic growth that is, sadly, what still makes the world go 'round but is doomed. Seeing it for what it is and opting out of the game is vital but the system is stacked (by the owners) and status quo are complicit. The owners and their agents know that a "paradigm shift" is required. Ask Michael Daniher.
8:04PM You are saying that Baupost is currently making money off the hype and doesn't intend to quarry. I discount the former idea because Baupost already has a group of exclusive investors and they don't need to attract more. I concur with the latter idea that Baupost does not want to operate a quarry. A hedge fund takes on risk with the goal of substantial returns. I propose that Lowndes/Baupost thought it would be a piece of cake (thanks to the Government of Ontario) to put the quarry licences in place and flip the whole shebang as a done deal to one or more cement companies at a huge profit. The company has zero interest in the Melancthon community.
I didn't say that. Lowndes is the principal. Baupost is simply a loan shark that allows itself to operate worldwide. This land will never lose it's $ value as long as everyone continues to buy into a way of thinking that is no longer valid. Parts of the world have learned this the hard way and, after bloody battles, started to reclaim the commons. The disciples of this kind of entitled view of the world are running out of places to conquer and have brought it home where people are trusting or naive or all too willing to ignore the world problem. They are dirtying their own nest in the name of future thinking, stacking the deck whenever they can and relying on the complicity of a pathetic self indulgent society that doesn't see it's own behaviour as wrong to reduce the risk and get what they can while they can.
08.04 p.m. Rubbish!
I have to agree somewhat on that possibility 10:20am. I do not think Baupost has any interest in managing pumps in perpetuity. They want a quick profit. As Goldhawk reminded us today, Lowndes has a brother who did that in Flamborough. Anyway, you can bet it will be some lousy company that will buy it, probably from China like the turbine fiasco, if that is the case.
Yes, Lowndes brother made a quick profit, but the company, St. Mary's that bought it was stuck with a white elephant after the province declared a provincial interest and put the kabosh on it. NOW taxpayers are paying to defend the province's decision under NAFTA.
St. Mary's will continue to own the asset and the corporate/political system will chug along.
Hey speaking of Daniher, does anyone know which soup kitchen he frequents now, or does John Tory give him free food vouchers to the CFRB, TALK 1010 lunch room?