“Thar she blows!” King George Sound used to see harpoons flying among the bays of rounded granite and sandy beaches. Now the whales that come to breed between July and October are greeted with pointed fingers only. Paddle from Middleton Beach, Albany, down the eastern side of Vancouver Peninsula to Frenchman Bay.
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Breweries have other competitive advantages as well. For instance, distribution is based on close and exclusive relationships between the brewing family and the promoters of a bar or beer garden, and lasts for generations. This guarantees a steady cash flow for the brewery.
Another high profile conflict involved Stephen Friedman, the former chairman of the New York Fed’s board of directors. Late in 2008, the New York Fed approved an application from Goldman Sachs to become a bank holding company giving it access to cheap loans from the Federal Reserve. During that period, Friedman sat on the Goldman Sachs board.
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