The Toronto International Film Festival Group announced their best films of 2008 and a prairie boy who made a short about the Prairies has been the list.
Mike Rollo's wonderful short film, Ghosts and Gravel Roads, documenting the ghost towns on the Prairies has made the list. A well deserved placing.
Mike Rollo = Prairie boy done good.
Tuesday, 16 December, 2008
Friday, 12 December, 2008
Blogging Industry to call for billion dollar stimulus
Canada's blogging sector is calling on Ottawa to create a multi-billion dollar infrastructure stimulus package to kick-start the creative-economy and create meaningful distractions for Canada’s growing number of unemployed.
Thursday morning, the Canadian Union of Bloggers and Slackers (CUBS) – an industry group representing about 333,000 bloggers – announced they were lobbying the federal government to create an infrastructure stimulus fund that mirrors the $50 (U.S.) plan laid out by the incoming administration of U.S. president-elect Barack Obama.
“Our view is that ... the government's legitimate role in this cycle we're in is to try and offset the downturn through expenditures,” CUBS president Buckdog said in an interview.
“The government will have to go into deficit to do this, but the government is already in a deficit position. We are in a credit crisis. We are not in a wage and price crisis like the early 80s. There is no way around it – all governments have to spend their way out of this mess.”
But President Buckdog was quick to point out that it is not a bailout. Rather, the government should take this opportunity to invest in new industries.
“I can understand some of this will be seen as a bailout, but I like to see it more as buffering a transition,” he said.
“Canadians traditionally think of infrastructure as roads and highways. But if we get more people blogging than we don’t need to upgrade roads and highways. If we improve our technological infrastructure, we can get people sitting on their couches at home who will increase their technological know-how. In a period of increased unemployed this will have the benefit of getting peoples minds off their unfortunate situation. Blogging is part of knowledge industry and it will teach people new skills like sitting for long hours and writing good and stuff like that too.
“Moreover, blogging has been documented to empower people by giving them an inflated sense of self,” he noted in a follow-up email. “Bloggers suddenly become very opinionated and aggressive when they are behind a computer. So, even if they can’t writ gud and they have no income, they feel like what they have to say matters.
“Similarly, when looking at the money spent, we also have to take into consideration the benefits in the work place as well. With this economic down turn and all the layoffs, workers are stressed. What better way to relieve stress than blogging at work? Blogging workers are happy workers, and happy workers are productive workers.
“We should not under estimate the financial savings that this hand-out will lead to. With more people sitting idle, life expectancy is sure to decrease leading to huge saving in health care.”
Earlier this week, Mr. Obama announced an ambitious government spending planned to help rescue the flagging American economy, even if it means pushing the nation further into debt.
"We've got to provide a blood infusion to the patient right now to make sure that the patient is stabilized," Mr. Obama said on NBC's Meet the Press over the weekend. "And that means that we can't worry short term about the deficit. We've got to make sure that the economic stimulus plan is large enough to get the economy moving."
President Buckdog’s message resonated with many bloggers. Blogging Horse noted that the NDP is the only party standing up for poor marginalized bloggers.
However, not all bloggers were onside with the idea of government funding for bloggers. Angry in the Great White North stated that the government should not be subsidizing the slackers who are mostly unsupportive of the good work that Stephen Harper has been doing. “Why should the Government of Canada pay people who speak against it? They may as well fund a Court Challenges program and subsidize rich latte drinking lawyers.”
The cool kids over at Lawiscool were quick to retort that lawyers are also a vital and productive part of the economy who also deserve a government hand out.
Thursday morning, the Canadian Union of Bloggers and Slackers (CUBS) – an industry group representing about 333,000 bloggers – announced they were lobbying the federal government to create an infrastructure stimulus fund that mirrors the $50 (U.S.) plan laid out by the incoming administration of U.S. president-elect Barack Obama.
“Our view is that ... the government's legitimate role in this cycle we're in is to try and offset the downturn through expenditures,” CUBS president Buckdog said in an interview.
“The government will have to go into deficit to do this, but the government is already in a deficit position. We are in a credit crisis. We are not in a wage and price crisis like the early 80s. There is no way around it – all governments have to spend their way out of this mess.”
But President Buckdog was quick to point out that it is not a bailout. Rather, the government should take this opportunity to invest in new industries.
“I can understand some of this will be seen as a bailout, but I like to see it more as buffering a transition,” he said.
“Canadians traditionally think of infrastructure as roads and highways. But if we get more people blogging than we don’t need to upgrade roads and highways. If we improve our technological infrastructure, we can get people sitting on their couches at home who will increase their technological know-how. In a period of increased unemployed this will have the benefit of getting peoples minds off their unfortunate situation. Blogging is part of knowledge industry and it will teach people new skills like sitting for long hours and writing good and stuff like that too.
“Moreover, blogging has been documented to empower people by giving them an inflated sense of self,” he noted in a follow-up email. “Bloggers suddenly become very opinionated and aggressive when they are behind a computer. So, even if they can’t writ gud and they have no income, they feel like what they have to say matters.
“Similarly, when looking at the money spent, we also have to take into consideration the benefits in the work place as well. With this economic down turn and all the layoffs, workers are stressed. What better way to relieve stress than blogging at work? Blogging workers are happy workers, and happy workers are productive workers.
“We should not under estimate the financial savings that this hand-out will lead to. With more people sitting idle, life expectancy is sure to decrease leading to huge saving in health care.”
Earlier this week, Mr. Obama announced an ambitious government spending planned to help rescue the flagging American economy, even if it means pushing the nation further into debt.
"We've got to provide a blood infusion to the patient right now to make sure that the patient is stabilized," Mr. Obama said on NBC's Meet the Press over the weekend. "And that means that we can't worry short term about the deficit. We've got to make sure that the economic stimulus plan is large enough to get the economy moving."
President Buckdog’s message resonated with many bloggers. Blogging Horse noted that the NDP is the only party standing up for poor marginalized bloggers.
However, not all bloggers were onside with the idea of government funding for bloggers. Angry in the Great White North stated that the government should not be subsidizing the slackers who are mostly unsupportive of the good work that Stephen Harper has been doing. “Why should the Government of Canada pay people who speak against it? They may as well fund a Court Challenges program and subsidize rich latte drinking lawyers.”
The cool kids over at Lawiscool were quick to retort that lawyers are also a vital and productive part of the economy who also deserve a government hand out.
Thursday, 11 December, 2008
Tuesday, 9 December, 2008
Wow...a coronation...
It is amazing that a man who passionately advocated for democracy yesterday, prompts the coronation today.
On the other hand, Rae would have looked like the rogue Liberal on the fringes if he continued to fight - and that is no way to win a leadership race.
On the other hand, Rae would have looked like the rogue Liberal on the fringes if he continued to fight - and that is no way to win a leadership race.
Félicitation au Québec Solitaire
Pour la première foi, la partie qui était conçu comme une partie féministe, gauche et écologiste, a élu sa premier MNA. Amir Khadir était élu en Mercier. Sa porte-parole, Françoise David était proche en Gouin.
Wednesday, 3 December, 2008
For the record...
Jack for PM.
The recap of the evening. Harper said nothing new. His economic plan is very similar to the one that Dion announced during the Leaders Debate, and which Harper slammed. Remember, the Step One: sit back and have fun;
Step Two: consult with those who knew;
Step Three: sucks to be a retiree;
Step Four: let's talk some more?
I know that we Liberals, NDPers, Bloc and Green are trying to be on the same side, but Dion did not sound Prime Ministerial. It was bad optics to send out a video taped speech. He may have been excused from giving that speech off the cuff in the foyer of the House. For one thing, why did look like he had just run off a tanning bed? And, where was the forceful enunciation? A simple:
Jack was bang on message. He spoke directly to the point. More importantly, he assumed the appropriate tone. Too bad nobody saw him because the Liberals were so slow in getting their video tape out.
Also, for the record... I am hoping that the Governor General exercises her constitutional powers and does not agree to prorogue government. Off to read a little Eugene Forsey...
The recap of the evening. Harper said nothing new. His economic plan is very similar to the one that Dion announced during the Leaders Debate, and which Harper slammed. Remember, the Step One: sit back and have fun;
Step Two: consult with those who knew;
Step Three: sucks to be a retiree;
Step Four: let's talk some more?
I know that we Liberals, NDPers, Bloc and Green are trying to be on the same side, but Dion did not sound Prime Ministerial. It was bad optics to send out a video taped speech. He may have been excused from giving that speech off the cuff in the foyer of the House. For one thing, why did look like he had just run off a tanning bed? And, where was the forceful enunciation? A simple:
'Canada was created by consultation and co-operation. Our Founding Fathers had to put aside there differences to create this great country. We are doing that today. But there is one party standing in the way and that is Stephen Harper and the Conservatives.'would do. In short - short sentences, focused sentences, no smiling and a forceful delivery. Similar rules of speech delivery appropriate for an occasion like this.
Jack was bang on message. He spoke directly to the point. More importantly, he assumed the appropriate tone. Too bad nobody saw him because the Liberals were so slow in getting their video tape out.
Also, for the record... I am hoping that the Governor General exercises her constitutional powers and does not agree to prorogue government. Off to read a little Eugene Forsey...
Tuesday, 2 December, 2008
To Cabinet we go, but where for the NDP?
Welcome to democratic coalition building – an exercise not seen in Canada since the Meech Lake / Charlottetown Accord debacle, and certainly never seen before in the current form. Should this agreement between the Liberals and the NDP to enter into a coalition with the support of the Bloc it will be truly historical. If the Prime Minister lives to rule another day, then the agreement is nothing more than an example of the parties willingness to work together.
For the NDP this is a huge risk that stands to alienate some of the their base while potentially making the party seem indistinguishable to others. There are many things to be critical of the NDP for entering into a coalition with the Liberals, but that is another post for another day.
For today, the amusement rests with pondering what portfolios may receive. There are various reports that today’s agreement will lead to a government that consists of 24 ministers and the Prime Minister. Dion will save himself from being the second Liberal leader to never to be Prime Minister. 18 cabinet positions will go to the Liberals, and 6 to the NDP – i.e. 25% of Cabinet. On top of that the NDP will not receive a Deputy PM position nor the Finance portfolio.
Considering that the NDP has half the seats that the Liberals have (37 to 77 seats), it seems like the NDP is getting the short end of the stick with only 6 portfolios and no second in command chair. By the sounds of it the Liberals had to be massaged into taking this unprecedented gift that Flaherty handed down. The Liberals do have more experience in government, but the NDP could have held out for 8 seats.
With the PM and Finance posts out of play, the NDP still has a lot to work with. The dominant issue of the day is the economy, and for the NDP to make a stamp on government they will need at least one of the main economic portfolios. Without Finance this leaves only Industry and Treasury Board (obviously, I have removed National Revenue from consideration). There are several employment negotiations coming forward (as the Conservatives had neglected their duty as an employer to negotiate), and negotiating with unions in tough times would put the NDP in a tough position. This is something the Saskatchewan and Manitoba NDP governments can speak to with experience. Any negotiation that leaves one side raw will simply give the unions ammunition against the NDP in the next election. The NDP continues to be the party that represents union interests and they can ill afford to piss them off. Moreover, the Treasury Board is only significant in Ottawa – where Paul Dewar already does an excellent job in representing Ottawa Centre. Thus, by elimination the NDP should get Industry.
An examination of NDP MP bios shows a real strength on the social policy side. The NDP ranks are filled with people who have been community and environmental activists, social workers, artists, union organizers and local politicians (maybe it is good thing that they will not get Finance…). Thus, the NDP should get some high profile portfolios on the social policy side. Potential portfolios include: HRSDC, Health, Heritage, Labour; Citizenship and Immigration, and Environment. HRSDC is the obvious choice for the NDP. It administers an array of social programs from [Un]Employment Insurance to social housing. They are programs that touch people’s lives, but are administered by a department considered big, bulky, and rudderless. It is a department where leadership and vision could go along way. Moreover, should the NDP want to bring in universal childcare, they would do so through HRSDC. Health is another strong area that the NDP would excel at. As the first party to bring in universal medicare, the NDP is long associated with solid health management. Health is an area that regularly tops voters top issues. However, it is also an area that when it is working well, it is forgotten about. Heritage and Citizenship and Immigration are both interesting portfolios in the second tier. Labour is a junior position that would be a natural fit for the NDP, but it brings little in the way of profile. The NDP has the policies and the people to take on Environment, but taking over a file that has been squandered for years at a time when the economy is slowing and belts will need to be tighten would be an almost guaranteed loser for the party. Thus, ideally the NDP will pick up HRSDC and Health.
The NDP needs to show depth beyond its social policy base and it needs to pick up at least one or two from the international and security portfolios. This includes: Justice, Veteran Affairs, National Defence, International Trade, Foreign Affairs, International Cooperation, and Public Safety.
If the Liberals are smart, they will keep a hold of Foreign Affairs and International Trade. Rae or Ignatieff would be obvious choices as Minister of Foreign Affairs. For the NDP, the position brings great profile, but it is a portfolio where the Minister is constantly out of the country and constantly has to follow the Prime Minister’s lead. In short, it provides little opportunity to shine as a separate entity from the Liberal brand. As for International Trade, it is simply a position where the business community will bulk at the idea of an NDP minister. Personally, I think it would be incredibly interesting to see what direction an NDP Minister would take International Trade. For example, would we continue to pursue a free trade deal with Columbia and other Latin American countries, or would we see a thawing of relations with China? Would human rights be tied to trade relations, as the Liberals have paid lip service to in the past? Would a renegotiated NAFTA lead to actual change?
International Cooperation is perfectly suited for a party that believes is assisting people in need. However, it is a junior position that will not be rewarded in tough economic times. Despite how much the NDP may want to be a leader on the world stage in terms of helping out impoverished areas, this will take a backseat for the time being as the economy remains soured at home. National Defence would cause serious problems with the NDP because of their stated position on Afghanistan. However, Public Security poses an interesting opportunity to right some of the wrongs we have seen in recent years (Arar, Khadr, Zacardelli, etc). The NDP could bring a civil rights lens to this file. Justice would be a non-threatening bet for the NDP, although it is unclear what impact they would have at that position (decriminalizing marijuana perhaps?).
As for the remaining portfolios, Transportation holds much promise for the NDP. Generally, this is an administrative portfolio that falls by the way side. But this also means that it is a portfolio that, with a capable Minister, could be fertile ground in an economic downturn. If the government is looking at spending projects that create jobs, then they may want to consider projects like light-rail in Ottawa and other metropolises, fast-tracking the Asia Pacific gateway, or creating a high-speed rail corridor between Windsor and Quebec City or Calgary to Edmonton.
Indian and Northern Affairs may have some appeal for the NDP. As provincial governments, the NDP has done a commendable (although certainly not perfect) job of working with aboriginals. Issues that affect aboriginals on a daily basis, such as clean water, social housing, substance abuse and economic development could all benefit the NDP touch. Plus, the NDP certainly has plenty of MPs who represent constituencies with large aboriginal populations. The downside is that INAC is a portfolio that is notoriously slow for getting things down. People can see some files last their entire careers without coming to a resolution.
Taking charge of the Public Works portfolio would ensure that it does not fall back into the tainted hands of the Liberals. With the NDP in charge, it would also mean that the government does not launch into to absurd fire sales where the purchaser rents the building back to the government. Given the NDPs commitment to transparency and fairness would benefit the governments procurement practices. The downside is that Public Works is primarily a management portfolio that permits few opportunities to make a real difference in the lives of Canadians.
With Agriculture and Agri-food in the NDP’s hands would ensure that the Canadian Wheat Board is not disbanded. Unfortunately, the NDP does not have many MPs from agricultural constituencies, nor do they have much credibility on the issues.
That leaves Natural Resources and Fisheries and Oceans – neither of which would give the NDP the opportunity to truly shine and make a difference in the lives of Canadians.
To sum up, here is my best guess at what portfolios the NDP may end up with:
- HRSDC
- Industry
- Health
- Transportation
- International Co-operation
- Public Safety (somewhat of a long shot)
Update:
For which NDP MPs may be in Cabinet, please go to the Jurist here and here. I will add my two bits to his excellent review in the near future.
For the NDP this is a huge risk that stands to alienate some of the their base while potentially making the party seem indistinguishable to others. There are many things to be critical of the NDP for entering into a coalition with the Liberals, but that is another post for another day.
For today, the amusement rests with pondering what portfolios may receive. There are various reports that today’s agreement will lead to a government that consists of 24 ministers and the Prime Minister. Dion will save himself from being the second Liberal leader to never to be Prime Minister. 18 cabinet positions will go to the Liberals, and 6 to the NDP – i.e. 25% of Cabinet. On top of that the NDP will not receive a Deputy PM position nor the Finance portfolio.
Considering that the NDP has half the seats that the Liberals have (37 to 77 seats), it seems like the NDP is getting the short end of the stick with only 6 portfolios and no second in command chair. By the sounds of it the Liberals had to be massaged into taking this unprecedented gift that Flaherty handed down. The Liberals do have more experience in government, but the NDP could have held out for 8 seats.
With the PM and Finance posts out of play, the NDP still has a lot to work with. The dominant issue of the day is the economy, and for the NDP to make a stamp on government they will need at least one of the main economic portfolios. Without Finance this leaves only Industry and Treasury Board (obviously, I have removed National Revenue from consideration). There are several employment negotiations coming forward (as the Conservatives had neglected their duty as an employer to negotiate), and negotiating with unions in tough times would put the NDP in a tough position. This is something the Saskatchewan and Manitoba NDP governments can speak to with experience. Any negotiation that leaves one side raw will simply give the unions ammunition against the NDP in the next election. The NDP continues to be the party that represents union interests and they can ill afford to piss them off. Moreover, the Treasury Board is only significant in Ottawa – where Paul Dewar already does an excellent job in representing Ottawa Centre. Thus, by elimination the NDP should get Industry.
An examination of NDP MP bios shows a real strength on the social policy side. The NDP ranks are filled with people who have been community and environmental activists, social workers, artists, union organizers and local politicians (maybe it is good thing that they will not get Finance…). Thus, the NDP should get some high profile portfolios on the social policy side. Potential portfolios include: HRSDC, Health, Heritage, Labour; Citizenship and Immigration, and Environment. HRSDC is the obvious choice for the NDP. It administers an array of social programs from [Un]Employment Insurance to social housing. They are programs that touch people’s lives, but are administered by a department considered big, bulky, and rudderless. It is a department where leadership and vision could go along way. Moreover, should the NDP want to bring in universal childcare, they would do so through HRSDC. Health is another strong area that the NDP would excel at. As the first party to bring in universal medicare, the NDP is long associated with solid health management. Health is an area that regularly tops voters top issues. However, it is also an area that when it is working well, it is forgotten about. Heritage and Citizenship and Immigration are both interesting portfolios in the second tier. Labour is a junior position that would be a natural fit for the NDP, but it brings little in the way of profile. The NDP has the policies and the people to take on Environment, but taking over a file that has been squandered for years at a time when the economy is slowing and belts will need to be tighten would be an almost guaranteed loser for the party. Thus, ideally the NDP will pick up HRSDC and Health.
The NDP needs to show depth beyond its social policy base and it needs to pick up at least one or two from the international and security portfolios. This includes: Justice, Veteran Affairs, National Defence, International Trade, Foreign Affairs, International Cooperation, and Public Safety.
If the Liberals are smart, they will keep a hold of Foreign Affairs and International Trade. Rae or Ignatieff would be obvious choices as Minister of Foreign Affairs. For the NDP, the position brings great profile, but it is a portfolio where the Minister is constantly out of the country and constantly has to follow the Prime Minister’s lead. In short, it provides little opportunity to shine as a separate entity from the Liberal brand. As for International Trade, it is simply a position where the business community will bulk at the idea of an NDP minister. Personally, I think it would be incredibly interesting to see what direction an NDP Minister would take International Trade. For example, would we continue to pursue a free trade deal with Columbia and other Latin American countries, or would we see a thawing of relations with China? Would human rights be tied to trade relations, as the Liberals have paid lip service to in the past? Would a renegotiated NAFTA lead to actual change?
International Cooperation is perfectly suited for a party that believes is assisting people in need. However, it is a junior position that will not be rewarded in tough economic times. Despite how much the NDP may want to be a leader on the world stage in terms of helping out impoverished areas, this will take a backseat for the time being as the economy remains soured at home. National Defence would cause serious problems with the NDP because of their stated position on Afghanistan. However, Public Security poses an interesting opportunity to right some of the wrongs we have seen in recent years (Arar, Khadr, Zacardelli, etc). The NDP could bring a civil rights lens to this file. Justice would be a non-threatening bet for the NDP, although it is unclear what impact they would have at that position (decriminalizing marijuana perhaps?).
As for the remaining portfolios, Transportation holds much promise for the NDP. Generally, this is an administrative portfolio that falls by the way side. But this also means that it is a portfolio that, with a capable Minister, could be fertile ground in an economic downturn. If the government is looking at spending projects that create jobs, then they may want to consider projects like light-rail in Ottawa and other metropolises, fast-tracking the Asia Pacific gateway, or creating a high-speed rail corridor between Windsor and Quebec City or Calgary to Edmonton.
Indian and Northern Affairs may have some appeal for the NDP. As provincial governments, the NDP has done a commendable (although certainly not perfect) job of working with aboriginals. Issues that affect aboriginals on a daily basis, such as clean water, social housing, substance abuse and economic development could all benefit the NDP touch. Plus, the NDP certainly has plenty of MPs who represent constituencies with large aboriginal populations. The downside is that INAC is a portfolio that is notoriously slow for getting things down. People can see some files last their entire careers without coming to a resolution.
Taking charge of the Public Works portfolio would ensure that it does not fall back into the tainted hands of the Liberals. With the NDP in charge, it would also mean that the government does not launch into to absurd fire sales where the purchaser rents the building back to the government. Given the NDPs commitment to transparency and fairness would benefit the governments procurement practices. The downside is that Public Works is primarily a management portfolio that permits few opportunities to make a real difference in the lives of Canadians.
With Agriculture and Agri-food in the NDP’s hands would ensure that the Canadian Wheat Board is not disbanded. Unfortunately, the NDP does not have many MPs from agricultural constituencies, nor do they have much credibility on the issues.
That leaves Natural Resources and Fisheries and Oceans – neither of which would give the NDP the opportunity to truly shine and make a difference in the lives of Canadians.
To sum up, here is my best guess at what portfolios the NDP may end up with:
- HRSDC
- Industry
- Health
- Transportation
- International Co-operation
- Public Safety (somewhat of a long shot)
Update:
For which NDP MPs may be in Cabinet, please go to the Jurist here and here. I will add my two bits to his excellent review in the near future.
Monday, 1 December, 2008
Coalition Rally: December 4th at noon
Make Parliament Work:
Rally for a coalition government
- Where:
- Parliament Hill
- When:
- December 4, noon
- More info:
- 613.560.5457
- Rallies also planned for:
- Vancouver, Edmonton, Regina, Winnipeg, Toronto, Ottawa, St. John’s, Halifax, Charlottetown, Moncton
Have you ever noticed that...
...suddenly the Bloc is no longer the Bloc. They are separatists.
As for the NDP - they are socialists.
Is this the best name calling the Conservatives can come up with?
It is clear that Harper needs a better team around him. Now would be the time for him to look like a statesmen. Referring to your opponents as extremists, especially when these extremists are the ones that the Conservatives would have to win over to save their skin, is not helpful.
Other thoughts that came to mind while watching Mike Duffy Live:
- John Baird can actually use a reasonable tone of voice;
- Duffy keeps referring to having to educate New York about who Jack Layton is. Jack was on CNN not too long ago, and New Yorkers probably know as much about Jack as they do about Stephen, Stephane, and Gilles. Moreover - does it matter?
- Both Baird and Conservative strategist Nordstrum keep referring to the stock market as a symbol that the coalition is unwanted. First off, the stock market does not vote. Moreover, the stock market is not representative of all Canadians. Second, any decline in the stock market as it relates to politics is a result of the Conservatives blowing. The market is likely reacting to the uncertainty created because of the Conservatives willingness to play partisan games at a time when the economy is heading south.
As for the NDP - they are socialists.
Is this the best name calling the Conservatives can come up with?
It is clear that Harper needs a better team around him. Now would be the time for him to look like a statesmen. Referring to your opponents as extremists, especially when these extremists are the ones that the Conservatives would have to win over to save their skin, is not helpful.
Other thoughts that came to mind while watching Mike Duffy Live:
- John Baird can actually use a reasonable tone of voice;
- Duffy keeps referring to having to educate New York about who Jack Layton is. Jack was on CNN not too long ago, and New Yorkers probably know as much about Jack as they do about Stephen, Stephane, and Gilles. Moreover - does it matter?
- Both Baird and Conservative strategist Nordstrum keep referring to the stock market as a symbol that the coalition is unwanted. First off, the stock market does not vote. Moreover, the stock market is not representative of all Canadians. Second, any decline in the stock market as it relates to politics is a result of the Conservatives blowing. The market is likely reacting to the uncertainty created because of the Conservatives willingness to play partisan games at a time when the economy is heading south.
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