Recent Days 
China shows the whip hand
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.The Americans are now one Chinese foreclosure away from the spiraling costs of Bush's imperial misadventure and the rot spreading through the sub-prime market overwhelming their whole economy.If I had any money I'd be converting it to gold right now and hiding it in my mattress.Hat tip to Matthew
Albertans Or Industry Alberta Government Must Choose
In September of '06 I wrote a submission to the Oilsands Consultation Committee and posted it on my blog. Now the committee has released their final report. You can download it as a 2.5 MB PDF file here.Make your way to section 3, starting on page 33, for a list of non-consensus actions that were recommended but will very likely not be implemented. Observe how the industry and government representatives often side against the majority of the other panel members.The general feeling is that we need to slow down.
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