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Wednesday, March 4, 2009

A small opinion about the LCBO

The current debate about the LCBO is an exercise in hypocrisy. The LCBO has for years resisted the urge to move, they could have had a large store at the foot of Third St years ago but they pulled the plug on it, leaving the Town and the developer with redfaces and a lot of wasted time on their hands, saying the other stores in Eastern Ontario needed the money. The regional argument (building a large store for Cob & PH in Victoria Place) doesn't make sense when they, the LCBO, are putting franchise stores in every rinky-dink community in the County: Roseneath, Vernonville, Grafton etc. But perhaps the biggest piece of hypocrisy will be when the Council, with a couple of exceptions votes to approve the rezoning. All of them will be spooked by the lawyers report that will probably recommend that the Council not object to the rezoning based on OMB precedent. I hope that is not the case, even though the Official Plan is explicit in this case. The Mandate of the Council is to maintain the integrity of the OP by protecting the Downtown core.

Boy do I feel old! Reported in the G&M here the University of Manchester, England, is going to establish an MA programme in the study of the Beatles. Perhaps the Beatles did change pop culture and had a consequent effect on the youth of the Nation but as a person who lived through it I didn't think the time would come when I would be part of a generational, almost historical, study.

Anybody want any free money? The Bank of Canada has lowered the bank Rate to .5%, as they say in Foreign Countries when the kids on the street want to sell you something, "Almost free!". I'm tempted to max out my line of credit and sink it into stocks - after all the same experts doing this are also saying the there is a great 'buying opportunity'. But wait that doesn't get the economy moving, might make me some money, but won't stimulate anything, but neither will this B 0f C move unless the Banks pass it on to those wanting operating loans but then who wants those as demand has dropped and nobody wants to buy anything so just what is one supposed to do?

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