The Nortel Shell Game

It’s not every day that you see a company with a 127-year history in Canada dissolve before your eyes. Or is it? North America’s biggest maker of phone gear filed for bankruptcy protection in January of this year. I’m sure that in the current climate refinancing their debt is difficult but this downward spiral has been mounting.

Bankruptcy protection, at least these days, is nothing new. Nor is the mismanagement of Nortel, as recently as 2007 the company paid a $35 million fine to settle U.S. Securities and Exchange Commission claims that it was manipulating earnings from 2000 to 2003. Lately executives have been touting a renewed focus on stabilizing its customer and supplier base but one must follow the money.

The company had been hoarding cash leading up to its bankruptcy filing and had been slow to pay severance payments. After a fight that went to Ontario Superior Court, Nortel was allowed to pay $45 million in bonuses for close to 1,000 executive and nonexecutive employees (including the eight senior executives). With thousands let go you it’s not hard to think of how many current or former employees feel. The gravy train is coming to a halt. The fire sale has begun. The demise of Nortel is criminal, but many will say this is business as usual.

Only a matter of time until Nortel will be delisted from the TSX. Nortel was Canada’s most widely held and valuable company (one of the few “dot com” companies with real assets) worth over $350 Billion and employing 95,000. Now it’s worth a few hundred million and employs less than half that staff count! Pity.

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Getting Flipped Off By A Fed

Not sure what is with the Conservative Party these days? Are they daydreaming about golf, summer vacation or “sexy” isotopes. No matter I’m hopeful that the funding the TTC is supposed to get for the new accessible streetcars goes through.

Federal Transport Minister John Baird apologized to Toronto Mayor David Miller for using colourful language criticizing the city’s application for stimulus funding. The June 27th deadline to pursue the TTC’s Bombardier contract is approaching. I’m glad Baird apologized and that everyone can move on. It looks as though something constructive will actually happen between the two levels of government. Good thing we didn’t just F__@ off and wait to see if we would actually see some stimulus money.

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Short Of The Record But Not Of Greatness

Yesterday afternoon’s Guinness Book of World Records attempt at largest guitar ensemble attempt was astounding. In 2007 Leinfelden-Echterdingen, Germany brought together 1,802 guitarists to play Smoke on the Water. Neil Young’s Helpless was to be The Great Canadian Tune to rally Toronto guitarists and beat the record. We were close. “Just” 1,623 made it! While just shy of the record seeing a city block wrapped with a line up of guitar players was pretty cool.

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A Piece Of Photographic History

I’m a sucker for classic cameras. Waiting to get my hands on a piece of history , an Olympus PEN. In the age of megapixels and mega marketing one must remember a good camera still comes down to a good lens. A good photograph, doesn’t need even that, just the vision of a photographer. (I’ve seen plenty of amazing pictures with a plastic lens or no lens at all - using a pinhole)

The fact that a nearly 50 year old camera could still be functioning says a lot for the workmanship at that time. Its speedy 32mm f1.9 lens and ability to shoot 72 pictures on a roll of 36 film tips the film camera vs. digital balance for me. Not sure how many rolls of film I’ll get to put through this beauty but it will be a fun ride.

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Another Day In The Urban Jungle

someturkey1
someturkey2

The city has its beasts; rats, pigeons, squirrels, and gulls. Looks like a turkey flew the coop and decided to hit the rooftop patios of the downtown core. (Thanks to sdv for the pics!)

Ah well, another day and another creature in the urban jungle.

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Doors Open - 10th Anniversary Edition

This weekend is a mini celebration of Toronto itself and it’s called Doors Open. You can take in 175 buildings of architectural, historic, cultural and/or social significance as they open their doors to the public for free. The Toronto Star’s coverage is a good place to start planning your trip. The scope of this event gets bigger and better every year. It’s great way to learn about what’s right there in your backyard. Buildings with a green roof, Toronto’s first post office, the old floor of the Toronto Stock Exchange and many more.

A TTC day pass will also com in handy. The TTC is often the best way to get from venue to venue (sometimes it’s a destination like Saturday’s TTC Eglinton Garage/Division tour).

Door’s Open - 10th Anniversary
A showcase of 175 buildings of architectural, historic, cultural and/or social significance
May 23rd to May 24th
FREE!

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Francis And The Lights - A Hat Trick Of Shows

New York City’s Francis and the Lights are rounding out their third of three shows in three nights at Drake Hotel. Kanye called them “a mix between Prince and Phil Collins”. If you haven’t heard A MODERN PROMISE or STRIKING Friday night is a great time to find out what they can do for your dancing shoes.

Francis and the Lights @ The Underground - Drake Hotel
Friday May 15, 2009
1150 Queen Street West
8PM
$10

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The People’s Paparazzi - TONIGHT at the Drake Hotel

The photographers have been assembled. Luis Mora, Take More Photos and others will be at the Drake Hotel for The People’s Paparazzi, a special event as part of the CONTACT Photography Festival. A creative experiment blending photography, performance art, fashion and a party vibe. Curator Vanessa Gronowski vision of bringing together Toronto photo bloggers, party goers and the creatively curious will take shape. Photos and flash bulbs will be popping all night and the 10 best photos of the night will be printed and exhibited for sale at the Drake General Store.

The Peoples Paparazzi @ The Drake Hotel
1150 Queen Street West
Thursday May 14
9PM in the Free Lounge

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Luis Mora - Last Minute Art Show

last-minute

I had the pleasure of catching up with CONTRA magazine contributing photographer Luis Mora in Hamilton last night. This Toronto vet had just a couple of days to put together a huge show. Damn! The aptly named “Last Minute Art Show” was Luis Mora’s addition to the Hamilton Art Crawl at the Assembly. The volume and quality of the work was impressive and considering that he put it together in less than a week it’s amazing.

The pieces are due to come down just as fast, probably by the end of this week. If you can’t make it down to Hamilton don’t fret. Luis will be one of 10 area photographers shown at the Drake Hotel’s “The People’s Paparazzi curated by Vanessa Gronowski and Studio Gallery. An exhibition part of this month’s CONTACT photography festival.

Luis Mora's massive collection of spraypaint stencils, sewn images and photography as part of the LAST MINUTE ART SHOW at the Assembly in Hamilton May 8th.

Luis Mora's massive collection of spraypaint stencils, sewn images and photography as part of the LAST MINUTE ART SHOW at the Assembly in Hamilton May 8th.

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Are We There Yet?

The TSX is looking a little better these days. Is the optimism too much too soon? I mean we have made quite an improvement here.

I for one wont fret for a marked increase in my financial health but calls for the end of THE END OF THE RECESSION are a bit premature. Hang on to your hats folks, the market is a wild ride.

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Walk The Walk

Jane’s Walk kicks off May 2nd and 3rd, rain or shine. Jane’s Walk is simply a series of free neighbourhood walking tours. A great way for people to connect (or reconnect) with their environment and with each other. Since its inception back in 2007 Jane’s Walk has been all over Canada and selected partner cities in the United States. The event is a wonderful way to celebrate Jane Jacobs and great way to spend an afternoon. Check the schedule for a walk near you, or better yet learn about another neighbourhood in our great city.

Jane’s Walk
May 2nd and May 3rd
(Various Locations)

http://janeswalk.net/participating_cities/toronto

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Pedal The Don

Beautiful weather, barbecue, and bikes? This Sunday’s Pedal The Don looks to be a great cap to the weekend. From about 1pm to 3pm all are welcome to make the 17km journey along paved trails from Yonge and Lawrence down to the mouth of the Don River. (People are urged to register for this free event). It’s also a family friendly and the suggested participating age is 7 and up.

Pedal The Don
Sunday May 3rd

1pm until approximately 3pm

Ride starts on the South East corner of Yonge St and Lawrence Ave @ Public Library (3083 Yonge Street)
Note: Library will be closed

The 17km ride will be leisurely and informative, with 4 rest stops (approx 10 min each) where you can view the valley and learn about this important area. John Wilson, Chairperson of the Task Force to Bring Back the Don, will provide commentary at each rest stop.

At the end of the ride there will be a cash BBQ to help support the Toronto and Region Conservational Authority.

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Life Without A Lens

Tomorrow is Worldwide Pinhole Photography Day! An interesting way to challenge the typical way of taking a photograph in the era of digital point and shoot cameras. Shooting digital or analog, people around the world will take part in this free international event created to promote and celebrate the art of pinhole photography.

I’m going to try and shoot some pinhole shots with my Lomography Diana+. I’ve been too busy (lazy) to drill a hole in an old camera body cap and fashion a pop can “pinhole lens” on to it. There are no “rules” but I thought keeping the my personal challenge on analog film would be fun.

The idea of taking pictures over several seconds (or even minutes) will be a change. A chance to sloooow down. The best part will be viewing pictures taken around the world using a tiny hole for a lens. The organizers encourage everyone around the world to submit images. Last year participants from over 60 countries submitted images to the gallery.

So try your hand at pinhole photography, be it a pop can, cigar box, old SLR, or modified digital camera. Pic your favourite image taken Sunday and share it with the world.

This is not a photo contest. There are no good or bad pictures. Every pinhole photograph is unique. Have fun!

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Tunes At The Tranzac

muskox

The Tranzac always has a warm and cozy vibe. Looking forward to checking out a great double bill tomorrow (Sunday). Muskox and Jeremy Strachan (Gus is due back from Montreal so perhaps Feuermusik will be playing too?).

The Tranzac continues to be a hidden gem. Easy on the soul and the wallet with great music and cheap or PWYC shows.

Muskox and Jeremy Strachan
Tranzac - 292 Brunswick Avenue
Sunday April 26th at 10pm
Pay what you can!

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Bombardier vs. Siemens Canada - Who Won?

The TTC announced today that Bombardier beat out Siemens Canada for a bid to replace Toronto’s aging streetcar fleet. The estimated billion-plus-dollar contract will provide the TTC with new streetcars and replace nearly all of the 30 year old streetcar fleet. There will also be an option to build another 364 cars as light rail service expands.

Siemens Canada had tried to sweeten their deal by pledging to build their streetcars at a local plant. Bombardier, though based in Montreal, already have a factory Thunder Bay (though most if not all of their light rail manufacturing is in Europe).

In the end Toronto really won. By focusing on best practices and the needs of its Toronto riders, the TTC has done the right thing. We may soon have greener, cleaner and more accessible streetcars. A move in the right direction and at a fraction of the cost of a subway.

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