October 2011

Are student loans the next financial bubble?

My regular Big Ideas column for the Globe and Mail Report on Business Magazine is this month about a looming potential problem that everybody seems to know about already. It was interesting to learn, researching this piece, just how widely the problem is already being discussed while nothing is really happening at higher levels to forestall a disaster. You have to wonder whether President Obama calling for every American to pursue a year or more of college education is, in fact, ramping up demand for an asset class that is not providing a return on the investment people are making. If that analysis is valid, then Americans could be in a very similar position in education to where they were in real estate circa 2007.
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Seems like everyone can agree what the next big economic bubble will be. For those who haven’t seen the alarming study released by Moody’s Analytics last month, that would be student loans. There are 1 trillion dollars now outstanding in American student loans and Canadians aren’t in much better shape with a total of 22 billion and counting outstanding in August.
Posted: Monday, Oct. 3, 2011 9:26am

CBC "cultural secrets": Byron Cameraman

 I've written several times in these pages about my friend Byron Dauncey, who is also the street artist known as Cameraman. I'm happy to do so again, as Byron was included in the CBC show "Cultural Secrets", for which the CBC asked a whole range of people for suggestions. When they approached me, I took it to mean they wanted my idea of something/person/place that was culturally significant but not well known. Byron was my very first thought, although I hope that he does indeed become more widely known. He's a secret that shouldn't be secret.

The link to the CBC show is above. Here's the clip of Cameraman by itself:

Posted: Monday, Oct. 3, 2011 10:03am
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Man Standing

This profile of Inuit film-making legend Zacharias Kunuk was originally published in Canadian Art
Edited by Richard Rhodes
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Final descent into Igloolik and I’m feeling the cold already. It’s seeping into the plane, into the soles of my feet, stiffening my knuckles and knees. It seems to be reaching out toward me, and I find myself thinking about the story a man told me an hour ago in Iqaluit, just prior to departure. Joseph Palluq was sitting beside me on the shuttle from the terminal to the plane. He turned to me, spotting a first-time visitor to the Arctic, and decided I needed to hear his story about hypothermia.
Perfect timing. I’d just been telling him I was up there with the photographer Donald Weber to visit the Inuit filmmaker Zacharias Kunuk. “You guys know Zach?” Palluq asked. I said no, but that we were interviewing him about his new film, Qapirangajuq: Inuit Knowledge and Climate Change.
“Huh,” Palluq said, impressed. It meant something that two “southerners” would travel all that way to talk to a man he’s known since grade school, a man who may now be Nunavut’s most famous citizen. Then, apropos of climate change, along came the story about hypothermia.
Palluq had been a teenager when it happened. The weather had been mild that day, so he’d dressed only in a light jacket when he went out with the dog team. A few hours later, far off on the land, the weather radically worsened. The wind picked up. The snow started. The dogs lay down in the mounting drifts and refused to move. He was stranded. And by the time 12 hours had gone by, he knew what was happening to him. He knew the symptoms: first you shiver, then you start stumbling. Pretty soon you can’t walk.
Palluq scratched late-day silver stubble, reaching this point in the story. He lives in Ottawa now, he‘d told me. He was going back to Igloolik for his father’s funeral. I wondered if this sad journey had reminded him that the man he was about to bury once saved his life.
“Then, they found me,” Palluq said.
“Where?” I asked. “How far from Igloolik had you wandered?”
Palluq tried to explain. He said, “You know the ridge above town? You know the rock outcropping past that? You know…” He stopped, looking at me again. “But you’ve never been to Igloolik before.”
“No. I haven’t.”
He shrugged. He smiled. “Ah, well.” Then he drifted away.
I’m thinking about this last comment as the landing gear drops, as the ground nears in a blur of white and blue, as we thump down to the tarmac, as the Igloolik Airport hurtles by in a rainbow spray of ice crystals. I’m minutes from finding out my luggage is still in Iqaluit—a separate matter. Looking out of the window, I’m thinking about what Joseph Palluq told me, and I think I know what he meant. He wasn’t being dismissive. He was only saying: if you’ve never been to Igloolik, if you don’t know the ridges and the outcroppings, the line of the shore and the way the tongue drifts form in the winter season, how could I possibly explain where exactly I was when my father found me, half-dead and about to slip permanently into the very heart of this cold?
 
Posted: Thursday, Oct. 13, 2011 12:06pm
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Chaos and Planning

This article ran first in Vancouver Review. Sadly, I have to report that the Red Gate did finally lose its battle with the city and has been evicted.
CHAOS AND PLANNING: A tour of Vancouver's public art
ONE: THE RED GATE
By the time you read this article, an interesting but little-known Vancouver public-art institution will either have dodged a bullet or bit the dust. I’m talking about the Red Gate. And because of the timing here, I don’t know if I’m talking about it in celebratory or funereal tones.
Sometimes referred to as the “Rainbow Art Institute,” the Red Gate is (was?) a non-profit art and music space run by Jim Carrico in the 100 block of West Hastings Street in a rapidly developing part of Vancouver’s Downtown Eastside (DTES). In the spring of 2011, Carrico—who describes the ramshackle space as a “cultural wildlife refuge”—received eviction papers from the city. And with that, a drama of survival that had played out over the Red Gate’s entire history reached its pivot point.
Why was the City acting, all at once? The 30-day notice to vacate cited building-code violations and fire-risk issues, deficiencies that might not surprise a casual visitor to the building. It’s old and obviously in need of some repair. Still, many people were outraged at the eviction notice, since the building has been in that condition for many years. The decision to evict seemed unfair, and worse, it seemed counter to the city’s insistence that DTES development would follow a “mixed-use” as opposed to “gentrification” model.
Posted: Tuesday, Oct. 18, 2011 9:53am
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