Showing posts with label Bill Ackman Lac Megantic. Show all posts
Showing posts with label Bill Ackman Lac Megantic. Show all posts
Saturday, January 4, 2025
Blast from the past... remember the exploding train in Lac Magentic?
The archives at Falling Downs, the precursor of this humble Substack, are chock-full of prescient commentary on the goings on in this messed up world. Looks like Bill Ackman has invested part of his 2 billion $ haul from the rape of CP Rail into taking a position in iconic Canadian asset manager Brookfield.
Friday, October 3, 2014
Uber-douchebag Hunter "Hitman" Harrison blasts gov't for overreacting post Lac Megantic
You remember Lac Megantic?That was the sleepy Quebec small-town that was literally blown off the map last year when one of Fast Eddie Burkhardt's single-crew oil trains exploded in the downtown.Hardly a year has passed, and CP Rail Boss Hunter Harrison is busy whinging about government over-regulation. Harrison just doesn't get why the busy-body government regulators need to fiddle with the free market, and impose draconian communistic rules about everything from speed limits for trains carrying dangerous goods, to mandating that a mile-long train loaded with dangerous goods should have more than a one-man crew!Well Hunter, let me 'splain it to ya; the reason the government needs to regulate greedy twats like you and your acolyte Burkhardt, is because your logic, your procedures, your unregulated over-weening greed, killed 47 people in Lac Megantic......yet nobody is facing murder charges!The reason Hunter is lobbying for less regulation is obvious. The entire Ackman/Harrison strategy for boosting CP Rail's obscene profits going forward hinges on making trains longer and running them faster with smaller crews!Fuck safety!Fuck sleepy small towns everywhere!Profit uber alles!
Monday, March 2, 2015
CP Rail boss Hunter "Hitman" Harrison wags terror threat
It's not two years since a rail accident caused by criminally negligent railroad managers killed 47 innocents in Lac Megantic, but Hunter Harrison is not afraid of accidents.
He's afraid of terrorists!
Yup, those dastardly terror types could blow up a train-load of Bakken crude any time, any place.
True enough. Yet this potential terror threat he sketches out seems to be strictly imaginary. Those 47 dead in Lac Megantic were totally real.
If there were actual terror cells active in North America, one would expect they might have struck by now. Yet, before and after 9/11 they've done exactly nothing. I think it's safe to say that they don't exist.
Sure, we get the regular headlines about the FBI/Homeland Security/CSIS/RCMP busting up some half-brained terror plot or another, but on close inspection these can uniformly be filed under "informers gone wild." You pay informers millions to lure dim-witted Muslim kids, or even more reprehensible, actual home-grown Canadian kids who have fallen through the massive cracks in our mental health-care infrastructure, into talking stupid shit into the ubiquitous police recording instruments, and voilà, you've busted another terror plot!
But Harrison wants rail traffic re-routed around major urban centres, just in case. This will of course be paid for by the public, not by the railroad that Harrison and his hedge fund bosses are busy looting. That will minimize the chances of a terror attack utilizing a "Bakken bomb" in the downtown core of a major city.
Good thinking, Hunter.
But think about this; we send tractor-trailer loads of highly explosive propane and gasoline and myriad other concoctions into urban cores every day, all across North America, with absolutely no security. Never has there been a terror attack on a single one!
What that tells me is that these terror cells we're supposed to be so afraid of simply don't exist.
Nevertheless, that's what Hunter Harrison felt compelled to talk about in his speech to the Canadian Club today, and it sure made good press!... completely took the eye off the fact that CP Rail's recipe for success since the Ackman putsch consists of nothing other than running longer trains faster with fewer employees.
That's a far greater threat to our safety than the imaginary "terrorists" he's waving around.
He's afraid of terrorists!
Yup, those dastardly terror types could blow up a train-load of Bakken crude any time, any place.
True enough. Yet this potential terror threat he sketches out seems to be strictly imaginary. Those 47 dead in Lac Megantic were totally real.
If there were actual terror cells active in North America, one would expect they might have struck by now. Yet, before and after 9/11 they've done exactly nothing. I think it's safe to say that they don't exist.
Sure, we get the regular headlines about the FBI/Homeland Security/CSIS/RCMP busting up some half-brained terror plot or another, but on close inspection these can uniformly be filed under "informers gone wild." You pay informers millions to lure dim-witted Muslim kids, or even more reprehensible, actual home-grown Canadian kids who have fallen through the massive cracks in our mental health-care infrastructure, into talking stupid shit into the ubiquitous police recording instruments, and voilà, you've busted another terror plot!
But Harrison wants rail traffic re-routed around major urban centres, just in case. This will of course be paid for by the public, not by the railroad that Harrison and his hedge fund bosses are busy looting. That will minimize the chances of a terror attack utilizing a "Bakken bomb" in the downtown core of a major city.
Good thinking, Hunter.
But think about this; we send tractor-trailer loads of highly explosive propane and gasoline and myriad other concoctions into urban cores every day, all across North America, with absolutely no security. Never has there been a terror attack on a single one!
What that tells me is that these terror cells we're supposed to be so afraid of simply don't exist.
Nevertheless, that's what Hunter Harrison felt compelled to talk about in his speech to the Canadian Club today, and it sure made good press!... completely took the eye off the fact that CP Rail's recipe for success since the Ackman putsch consists of nothing other than running longer trains faster with fewer employees.
That's a far greater threat to our safety than the imaginary "terrorists" he's waving around.
Friday, October 3, 2014
Uber-douchebag Hunter "Hitman" Harrison blasts gov't for overreacting post Lac Megantic
You remember Lac Megantic?
That was the sleepy Quebec small-town that was literally blown off the map last year when one of Fast Eddie Burkhardt's single-crew oil trains exploded in the downtown.
Hardly a year has passed, and CP Rail Boss Hunter Harrison is busy whinging about government over-regulation. Harrison just doesn't get why the busy-body government regulators need to fiddle with the free market, and impose draconian communistic rules about everything from speed limits for trains carrying dangerous goods, to mandating that a mile-long train loaded with dangerous goods should have more than a one-man crew!
Well Hunter, let me 'splain it to ya; the reason the government needs to regulate greedy twats like you and your acolyte Burkhardt, is because your logic, your procedures, your unregulated over-weening greed, killed 47 people in Lac Megantic...
...yet nobody is facing murder charges!
The reason Hunter is lobbying for less regulation is obvious. The entire Ackman/Harrison strategy for boosting CP Rail's obscene profits going forward hinges on making trains longer and running them faster with smaller crews!
Fuck safety!
Fuck sleepy small towns everywhere!
Profit uber alles!
That was the sleepy Quebec small-town that was literally blown off the map last year when one of Fast Eddie Burkhardt's single-crew oil trains exploded in the downtown.
Hardly a year has passed, and CP Rail Boss Hunter Harrison is busy whinging about government over-regulation. Harrison just doesn't get why the busy-body government regulators need to fiddle with the free market, and impose draconian communistic rules about everything from speed limits for trains carrying dangerous goods, to mandating that a mile-long train loaded with dangerous goods should have more than a one-man crew!
Well Hunter, let me 'splain it to ya; the reason the government needs to regulate greedy twats like you and your acolyte Burkhardt, is because your logic, your procedures, your unregulated over-weening greed, killed 47 people in Lac Megantic...
...yet nobody is facing murder charges!
The reason Hunter is lobbying for less regulation is obvious. The entire Ackman/Harrison strategy for boosting CP Rail's obscene profits going forward hinges on making trains longer and running them faster with smaller crews!
Fuck safety!
Fuck sleepy small towns everywhere!
Profit uber alles!
Friday, August 2, 2013
Hot stock tips for Louis Proyect
Don't know how "hot" these are Louis, but I'm always keen to help out a fellow traveller.
I made a list of stinkers to avoid not too long ago.
Postmedia Networks would be a lovely short play if you can find any shares to short. The company is essentially bankrupt, but the corpse is still twitching and probably will for a while longer, but in the not too distant future the company will be but a distant and not particularly fond memory.
I'll admit I missed the boat on Facebook. They've actually regained their issue price since I wrote that. Still think they're vulnerable when the NEXT BIG THING pops up.
Now I don't know to what extent you're a big picture guy, Louis, but somewhere along the line these big gold companies are going to be a buy opportunity. Barrick is around $17 now. There is an awful lot of bullshit around all the gold miners. They've been doing write-downs like crazy because the price of gold has gone from $1,900 to $1,300.
Here's the mystery; all that stuff they are writing down was in the planning stages years ago when gold was well under $1,000. I think a lot of these write-downs are essentially fraudulent. The big boys could come out of the grave in a hurry any time. I suppose a lot depends on how comfortable you are owning shares in companies that are implicated in the most egregious abuses of the environment and human rights in their host countries.
And of course the multiple billions that will eventually have to be coughed up to cover the Lac Megantic disaster threaten Bill Ackman's magical turn-around at CP Rail, so you might want to consider that as a short.
That's not much, but I hope it helps.
In solidarity,
I made a list of stinkers to avoid not too long ago.
Postmedia Networks would be a lovely short play if you can find any shares to short. The company is essentially bankrupt, but the corpse is still twitching and probably will for a while longer, but in the not too distant future the company will be but a distant and not particularly fond memory.
I'll admit I missed the boat on Facebook. They've actually regained their issue price since I wrote that. Still think they're vulnerable when the NEXT BIG THING pops up.
Now I don't know to what extent you're a big picture guy, Louis, but somewhere along the line these big gold companies are going to be a buy opportunity. Barrick is around $17 now. There is an awful lot of bullshit around all the gold miners. They've been doing write-downs like crazy because the price of gold has gone from $1,900 to $1,300.
Here's the mystery; all that stuff they are writing down was in the planning stages years ago when gold was well under $1,000. I think a lot of these write-downs are essentially fraudulent. The big boys could come out of the grave in a hurry any time. I suppose a lot depends on how comfortable you are owning shares in companies that are implicated in the most egregious abuses of the environment and human rights in their host countries.
And of course the multiple billions that will eventually have to be coughed up to cover the Lac Megantic disaster threaten Bill Ackman's magical turn-around at CP Rail, so you might want to consider that as a short.
That's not much, but I hope it helps.
In solidarity,
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