Investors cool to G20 austerity pledge

Well just one day after the G20 look whats in the news get ready here come the riots folks from Greece to the rest of the world with love


http://finance.sympatico.ca/home/investors_cool_to_g20_austerity_pledge/2087b7d5

A day after world leaders pledged to rein in their budget deficits at the G20 summit in Toronto, investors reacted coolly to the prospect of a new age of austerity.

The S&P/TSX Composite Index closed down 100.85 points, or 0.9 per cent, in Toronto on Monday, at 11,607.0.

"This government debt overhang - all we did was take the massive overhang of private sector debt and transferred it to the public sector," said Paul Taylor, chief investment officer at BMO Harris Private Banking.

"And now we need the public sector to deal with that in the intermediate to longer term to provide assurance to folks that we will have sufficient economic firepower to draw on should we experience another situation that is as dire as we saw 12, 18 months ago."


Beyond a general sense of gloom over belt-tightening to come, commodities dragged the TSX lower.

The August crude contract on the New York Mercantile Exchange declined 61 cents to $78.25 US a barrel. Oil had rallied strongly on Friday on expectations tropical storm Alex could disrupt oil production in the Gulf of Mexico. But by Monday morning, those worries had eased.

Gold also lost some of its recent lustre, with the August contract on the New York Mercantile Exchange dropping $17.60 to $1,238.60 US an ounce. The loonie was relatively unchanged, trading 0.01 of a cent higher at 96.54 cents US.

U.S. exchanges higher

In New York, the Dow Jones Industrial Average slipped 5.29 points, or 0.05 per cent, to 10,138.52. The tech-laden Nasdaq finished at 2,220.65, down 2.83, or 0.1 per cent.

U.S. investors seemed more concerned with waiting for positive data out of their own economy than paying attention to any international accords signed over the weekend.

Investors are hoping for reassurance on the U.S. recovery this coming week from the Institute for Supply Management's latest reading on the manufacturing sector, due Thursday.

On Tuesday, the U.S. Conference Board releases its latest reading on American consumer confidence and on Friday, the Labour Department releases the June non-farm payrolls report.

We had a lot of video footage of the rioters in Canada for the G20 NB, thought I would just inform you. This is a good thing though imho.

Here's another headline for you NB

Cameron, preaching austerity, brings new G20 style

(Reuters) - England may have been knocked out of the World Cup soccer tournament on Sunday but Prime Minister David Cameron can claim a better result for his first G20 summit this weekend.

http://uk.reuters.com/article/idUKTRE65Q2RC20100627

Biggles wrote:

We had a lot of video footage of the rioters in Canada for the G20 NB, thought I would just inform you. This is a good thing though imho.

There seems to be a debate that some of the rioters were undercover agents that were trying to stir things up a bit. According to this article the ones that did the most damage like burning the police cruiser were not arrested. However others like a couple who were just in the wrong place spent hours in a holding cell.

Peaceful Protesters Attacked, Arrested While Cop-Car Arsonists Left Alone

http://www.prisonplanet.com/peaceful-protesters-attacked-arrested-while-cop-car-arsonists-left-alone.html

That's what I hear too micjer.

They call them hired 'patsies' giving police an excuse to use anti-riot force such as sound weapons.

Alex Jones in his finest form

I swear it looks like Alex Jones is possessed!

He quotes himself as 'nonsensical'

Crazy stuff


Part 2

Good Lord above I never even thought about that, words fail they really do.

IF YOU REALLY WANT TO KNOW IF THE SO CALLED Black Bloc were police one need only take a look at the foot wear they were wearing identical matching new riot shoes to what the police were wearing . One will change his cloths but seldom change his footwear . What i fail to see is why wouldn`t anyone just grab these Hooded hooligans and turn them over to the police . had i been there instead of working thats what i would have done. And where were the police when this happened it seems they are always missing when this type of thing happens .............hmmmmmmmmmmm must be hard having to arrest your partner makes for an awkward Monday morning in the patrol car. And the force in power needs to justify the Billion dollar price tag

This lady must be wearing Nike shoes

Northern Boy wrote:

IF YOU REALLY WANT TO KNOW IF THE SO CALLED Black Bloc were police one need only take a look at the foot wear they were wearing identical matching new riot shoes to what the police were wearing . One will change his cloths but seldom change his footwear .

well, not much has changed in the last 40 years...
back then, we could always spot undercover cops
(ok, we calledem "pigs") by their shoes - they may
have grown their hair long and donned levi's and
tye-dyed t-shirts, but they still wore them cop shoes....

And now we have this come out in the news Can we see any class action law suits coming form this because of false or misleading arrests also known as Forcible confinement. This opens up all three level of Government and the Police Dept to charges and some one may have to lose their job as top cop over it

http://www.theglobeandmail.com/news/national/toronto/police-admit-deliberately-misleading-public-on-expanded-security-fence-law/article1622864/

Toronto — The Canadian Press
Published on Tuesday, Jun. 29, 2010 11:33AM EDT
Last updated on Tuesday, Jun. 29, 2010 4:05PM EDT


Toronto's police chief is admitting there never was a five-metre rule that had people fearing arrest if they strayed too close to the G20 security perimeter.

Civil libertarians were fuming after hearing Friday that the Ontario cabinet gave police the power to stop and search anyone coming within five metres of the G20 fences in Toronto for a one week period.

However, the Ministry of Community Safety says all the cabinet did was update the law that governs entry to such things as court houses to include specific areas inside the G20 fences — not outside.

A ministry spokeswoman says the change was about property, not police powers, and did not include any mention of a zone five metres outside the G20 security perimeter.

When asked Tuesday if there actually was a five-metre rule given the ministry's clarification, Chief Bill Blair smiled and said, “No, but I was trying to keep the criminals out.”

Premier Dalton McGuinty still hasn't explained why cabinet passed the regulation change in secret, and then kept it secret.

Even though it wasn't accurate, the public was left to believe the province had given officers the power to demand identification and detain anyone within five metres of the G20 site.

All weekend there were reports of police stopping people throughout downtown Toronto — often in areas nowhere near the G20 zone — demanding identification and to search bags and backpacks.

Typical, fascists in the making.

Toronto talk show tonight was discussing this issue. Someone phoned in and mentioned the black bloc. The host immediately said "oh that is just a conspiracy theory" and brushed him off.


At least it aired, and wasn't totally sensored.

The Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation
At Tax Payers' Expense

by Terry Burrows

"See the distinctive yellow dots on the thick corrugated soles of the boots which are the giveaway.

The Quebec Provincial Police were then forced after three days of public outrage to admit that these three men were indeed their officers operating undercover."



Way more on the link

http://www.globalresearch.ca/index.php?context=va&aid=19928

Funny how niave Canadians are saying "they can't treat us like this"! Hello police state. What are you going to do about it if they do.

I agree that they staged this to justify the billions being spent on security and also to implement more security measures in the future.

when you think about it there were only a handful CCTV cameras in Canada up until the Olympics and now we have 2 cities with them in one year .

this is amy miller (a jornalist) and her story.....

gosh, zuni, not surprising yet still shocking

These cop freaks are scared to death.