carnival

Thursday August 16, 2012

By Graeme MacKay, The Hamilton Spectator, Thursday August 16, 2012

There have been secret talks about local casino

City staff say there’s “interest” brewing about building a casino in Hamilton — but not even council is allowed to know who’s behind it.

Tim McCabe, the city’s director of economic development and planning, said he has had “absolutely confidential” discussions about a new gambling facility in the city.

“I have had some discussions through a third party, and there is some interest in Hamilton,” McCabe said.

McCabe’s comments came about after Councillor Sam Merulla put forward a motion asking for a moratorium on any new gaming facility in the city until the public can vote in a referendum on the issue during the 2014 municipal election.

The Ontario Lottery and Gaming Corporation announced a massive “modernization” earlier this year that includes plans for one casino in the Hamilton/Burlington area. It’s still not clear whether that means Flamboro Downs will remain open — council’s preference — or whether a new facility will be built.

Though Merulla’s argued that locating a new casino in the city would be as contentious as the Pan Am stadium debate, McCabe warned councillors that passing Merulla’s motion could potentially cut the city off from millions of dollars’ worth of investment. Councillors were divided about whether or not to approve the referendum.

Councillor Judi Partridge said the city’s role is “not to roll over or chase an elusive carrot” and criticized the Ontario Lottery and Gaming Corporation, arguing the city has “a chance to say no, and to be in the driver’s seat.”

Mayor Bob Bratina argued that the city should be open to all possibilities.(Source: Hamilton Spectator) 

 

Wednesday February 11, 2009

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday February 11, 2009

Carney maintains his rosy outlook

Even as the economic horizon darkens, the man who controls the levers behind Canada’s performance is still predicting the economy will pick itself up off the floor starting later this year and stage a strong rebound in 2010.

Nearly alone among respected forecasters, Bank of Canada Governor Mark Carney has said the combined efforts of Canada, the United States and other industrial nations to counteract the global recession will begin to turn things around here by late summer.

Asked yesterday by an opposition MP if the central bank was not out “on something of an optimistic limb” in its predictions, Carney told the Commons finance committee: “We don’t do optimism, we don’t do pessimism.

“We do realism at the Bank of Canada. We don’t do spin.”

Carney, 43, a former Goldman Sachs executive and finance department whiz kid, expressed full confidence in the bank’s number crunching.

It’s based on hundreds of interviews with business people, bank loans surveys and 21 economic forecasting models, he said.

Still, Carney tempered his relatively upbeat outlook by cautioning that all forecasts are “subject to an unusually high degree of uncertainty” now because of the speed and worldwide reach of the current economic downturn. (Source: Toronto Star)