#bad bets

Maybe the television execs are right and a soulless super league is coming, no matter what we do.

As part of the Fair Deal Panel that Jason Kenney announced on Nov. 9 to "advance our vital economic interests," the repatriation of nearly $40 billion in Canada Pension Plan assets will be explored. Those assets would also be handed over to AIMCo, and they could be an irresistible target for an oil and gas industry that is struggling to attract investment — and a government that clearly wants to help it do just that.

Kenney has clearly signalled his willingness to increase public financing for private oil and gas companies on a vastly larger scale. Last April he committed $7.5 billion in provincial funds to completing the Keystone XL pipeline because TC Energy could not access private equity for the contentious project, a move he boasted was “a solid bet.” International finance experts disagreed, calling the investment an “idiotic waste.”

@intuitivegray

Meredith had been settled and comfortable- well, as comforting as a stab wound could be- in her room for about an hour or so. Mostly, she felt a little bit fuzzy from painkillers, general anesthetics, and blood loss. According to the deal she and Sylar worked out, she was obligated to tell him about this, but she dreaded him showing up, to some degree.

Jenny would be back soon, so she didn’t worry too much.

She just was afraid of being scolded. Granted, right now was probably about the best time to be scolded. Meredith lay back, and tried to take shallow breaths as not to irritate her side or the new stitches that adorned it. All she knew for sure is that heavy drinking was off limits for a while yet.

With all the press over the betting associated with the Royal wedding, here’s one bet that has nothing to do with Buckingham Palace that went dreadfully wrong. The Wall Street Journal is reporting that Rupert Murdoch has put MySpace up for sale at a $100 million. He paid $580 million for it in 2005 and was hailed as a visionary. A somewhat cynical article in Fortune magazine in early 2010 announced that “Web 2.0: the party’s over” and that newcomer FourSquare might be overpriced at $100 million (though that number shot up over the past year). Perhaps, but that may be a little simplistic - the party may not have ended, but simply moved to the street as one big block-party (new apps,  location services, and the like).