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Oscars 2015 Best Picture Review: The Big Short

Big Short

The Big Short will make you lose all the respect you have in the banking system, if you’re even dumb enough to have any respect for it period.

We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball… What bothers me isn’t that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.

The Big Short has been the surprise of this year’s awards season. It’s one of the Oscar entries with the least hype but is somehow coming out on top or pretty close. I decided to find out why.

The film begins in 2005 with Michael Burry, an eccentric hedge fund manager who’s socially flawed but very successful at what he does. He’s actually an M.D. but decided to go into the financial industry. One day he hears how housing prices have increased in Silicon Valley despite the decrease of jobs. He gets his answer. He finds out that the banks and financial industries are giving out subprime mortgages with big risk to underqualified people. The banks either don’t know about this or their too lazy to solve things.

Burry suspects this will lead to the collapse of the American economy within due time. However Burry is also creative. He knows how to ‘short’ the system by creating by creating a credit default swap market allowing him to bet against the housing market. He goes to the various banks offering megamillions to wager. The banks are willing to accept, feeling Burry will lose and the housing market is secure.

Burry’s deal catches the attention of Deutsche Bank trader Jared Vennett, whom the film is mostly scene through his point of view. Vennett hears about it from a banker he dealt with and investigates Burry’s claims for himself. Once he learns of the truth that the mortgages are high-risk, poorly-organized, sold-for-big-numbers and practically unsupervised by the banks and lending companies, he gets his own piece of the default swap action of his own.

An accidental phone call from Vennett to hedge fund manager Mark Baum catches Baum’s interest. Baum is a good businessman but is tough, cynical and isn’t afraid to let people know when something is going wrong. Heck, he was a Doubting Thomas since he was a child. Baum meets up with Vennett and is given a demonstration by Vennett and his assistant through a Jenga blocks set. Vennett demonstrates how the encroaching collapse is being further perpetuated by the sale of CDOs: Collateralized Debt Obligations. These poor loans are given incorrectly high loan ratings from A to AAA and B to BBB due to the dishonesty of the ratings agency. Baum is reluctant and this takes over his mind.

At the same time, Charlie Geller and Jamie Shipley are making their way into Wall Street. The two young Colorado men formed their own investment and trading business in Jamie’s garage where the two helped turn $100,000 into $40 million in four year. Now they want to take it to the next level by achieving on Wall Street but despite their promise, they lack the stuff to play with the big guns. At a bank where they failed to get assistance, Geller encountered a paper where he learns of Vennett’s attempt to short and they want a piece of the action. However they will need an IDSA and they lack the minimum capital to profit from this. They are able to get what they need from their friend and mentor Ben Rickert: a retired banker who now gardens for a living.

The time after is not business as usual. Burry’s story may have gotten a lot of notice but it’s also gotten to the ire of his clients. They feel the housing market is very secure and he’s wasting their money. Many demand he stop what he’s doing but he refuses. He even keeps the percentage increase in his ‘shorting’ in big red numbers on his whiteboard. Geller and Shipley consult with Rickert on making a future deal. Geller proposes a large amount of money despite Shipley’s reluctance.

Baum is frustrated by all this and he enlists two of his workers to check up on the housing situation by driving into neighborhoods. What they see is not pleasant: people with low incomes owning two-storied homes and one home rented out to a low income family by a landlord owing five months on his mortgage which he took out under his dog’s name! The landlord himself abandoned his own home to the point an alligator was able to crawl into the swimming pool. In addition, Baum learns of successful mortgage salesman who are going as far as selling mortgages to underqualified immigrants and even giving out NINJA mortgages (NINJA: NO Income No Job no Assests) as well as a banker for a major bank who’s willing to let it happen for fear clients will take their business to the competition and get their mortgage there.

Then comes the American Securitization Forum in Las Vegas. Burry isn’t there but Vennett and Baum are there together along with Geller, Shipley and Rickert to get their IDSA and their own piece of the default swap. Baum comes across a CDO manager who reveals much to Baum’s horror that he’s created synthetic CDOs: a chain of large bets on the faulty loans which actually total more money than the actual CDOs. It’s there where Baum’s business partners convince him to take this on. Geller and Shipley get their IDSA and they find their piece of the action in AA CDOs which have been overlooked by most of the bigwigs. They get their opportunity but they’re reminded by Rickert of the immense hurt that will happen to the American public once they win in their gamble. The celebration of the two ends right there.

Returning back to their business expecting the doomsday to happen any day soon, Baum wants to be the one settling the score as he himself tries to get the word out at public meetings. Geller and Shipley try to get the word out to the news but no one from a former college classmate who now works for the Wall Street Journal to Jamie’s brother’s ex-girlfriend who is a broker to even Charlie’s parents believe their doomsday claims. Burry’s investors still continue to refute his claims and want to pull out until Burry puts a moratorium on their withdrawals, much to their anger.

The stock market crash of 2008 eventually happens. Burry, Vennett and Baum were right all along. Businesses collapsed, the unemployment rate went up, the homelessness rate skyrocketed, trillions of dollars invested by the American people were lost. Not to mention many countries, especially in Europe, went through their economic crises that still exist today. In addition Burry’s investments increased fivefold from his original investment, Vennett made a nifty $77 million and Charlie and Jamie got the big financial break they sought. But no one’s smiling. Oh yeah, did I mention that there was no bank reform done and there was only one arrest from this whole mess?

This is a film that gets inside the world financial crisis of today. We should all be angry and outraged with the system for what it did with the people’s hard-earned money. We had a banking system that was too laxed and had next to no restrictions in giving out mortgages to people even if they weren’t qualified. We had people who saw the eventual doom but opted to get a piece of the action. We had bankers and mortgage dealers who were irresponsible enough to make salesmen of themselves and only care about getting big numbers for bonus checks. We had the bankers, investors and other financial professionals either negligent or ignorant to what’s happening. People’s hard-earned investments, funds and savings were treated like gambling money by these professionals. In the end, it led to the biggest collapse in the world’s economy since the stock market crash of 1928.

The film gives us what we should have to be angry with the system. However the film also does a good job in making a comedy out of it. I myself have come across a lot of situations that have been very nasty or very stressful but also very funny because of the stupidity behind it all. This is the magic of the film. It finds the humor of the stupidity that occurred in the system. While The Wolf Of Wall Street made Wall Street look like a jungle, this film made the banking and loan system look like they treated the system like it was a playground of people’s money. The film gives us many characters we find entertaining and funny but also types we just want to give the middle finger to. The film also makes us laugh at the stupidity that’s going on while having us leave the theatre infuriated in our afterthoughts.

In the end, the laughter ends and even those that profited big are disheartened. Burry’s not celebrating the big returns his investments got. Baum is left with a huge stomach ache and looks like his soul is crushed in the end. Geller and Shipley have possibly the biggest impact as you can see as they’re in the abandoned NYSE building and they’ve lost complete faith in the system.

Another quality of the film is that it helps the average person make sense of a complicated system. The story of how it all happened is a long and complicated story that consists of terms the average person hasn’t heard of and exists in a system only those inside can make sense of and understand why it happened. In making this film, they had to make a film that would help the average person make better sense of the banking system and the products and outside products that come with it. Who outside of banking or investing knows what a CDO is or how to ‘short’ the market when it’s doing business or even what an IDSA is? This film helps make sense of these complicated terms and showed how they worked in a business that is supposed to make things work. The vignettes from celebrities giving an explanation or a demonstration of how things worked added to the humor of the film as well as the quality. Even that flashback to the late 1970’s of how Lewis Ranieri changed the bank system, and our lives ‘more than Michael Jordan, the iPod and YouTube put together’ also added to the story and make more sense of the irresponsibility.

I have to say this is an accomplishment for director Adam McKay. Adam is not known for directing serious movies. For the most part, he’s most famous for writing and directing Will Ferrell comedies like Anchorman, Talladega Nights and Stepbrothers. This film is a completely different change of pace for him. However he succeeds in directing and co-writing with Charles Randolph an excellent film that’s as much a comedy as it is a tragedy.

It’s often a wonder why someone would take what is a terrible moment in American history and turn it into a comedy. I guess that’s what McKay and Randolph are doing is that they’re showing the bizarre stupidity that happened the whole time in a comedic way. They deliver a film that will have you laughing at the ridiculousness of it all and at the same time infuriate you for days or even weeks after leaving the theatre.

McKay and Randolph also succeed in delivering a film that defies convention which is all the better for it. The use of cameos from other people in an attempt to get the audience to understand banking methods and money-making methods adds to the movie. Most people would think something like this would subtract from the quality. Instead it adds. Additional tricks in the film that add to the quality are scenes and moments where the characters stop the drama in their scenes and face us explaining the real story.

Standout performance has to go to Christian Bale as an eccentric businessman whose socially flawed but smart enough to sense a danger and get rich off of it despite his anger. His social reclusiveness as well as his fixation on music adds to the character’s dimension. The other big standout from the film was Steve Carell. His character of a man who just can’t get the impending doom off his mind and is unapologetically frank but also troubled is another show-stealer. Actually there were a lot of eye catching characters including that from Ryan Gosling as Jared Vennett despite the role not being as complex as Bale’s Burry or Carell’s Baum. Additional scene stealers include John Magaro and Finn Wittrock as the two young and hungry businessmen who want a piece of the action but have a lot of learning to do. They first come off as the Tweedledee and Tweedledum of the film but it’s right at the end you see how much the realities have bit them.

The film doesn’t prove much in terms of outside things like a score or cinematography or effects. However the film put together unconventionally worked on so many levels. Besides other unconventional qualities I talked about previously, there’s also the added element of showing pictures and film clips of average Americans as they would be the ones paying the hardest price of it all. Even the addition of various news clips and music videos add to the film. The addition of a wide variety of music from hip-hop to rock is another added quality. I feel the film ending with Led Zeppelin’s When The Levee Breaks was the right choice because the levee broke here.

The Big Short is one film that will get a lot of people thinking. I may be Canadian but I was shocked at what I was seeing. I too was outraged at how irresponsible the American banking system was and how it appears to have learned nothing from this. I consider myself lucky to be Canadian after seeing this. For all its headaches, the Canadian banking system is a lot more responsible in terms of who it lends its products to and even declines if it feels it has to. However it does have some careless elements of its own. For my own experience, I signed up for a credit card the very first week I was in university while under NINJA status and I still got it. There was another time I was at my bank during company time but a credit card saleswoman wanted me to sign up for a Gold Visa card. Since she wouldn’t take no for an answer, I signed up for it hoping she would get off my case. I thought I wouldn’t get it since I didn’t have the minimum annual income for a Gold card. I got it to my surprise. I’m still unhappy about this. Makes you wonder how and why banks seem to have forgotten their standards. No wonder that British man in a pub said to Rickert: “$100 million? Are you a banker or a drug dealer? Because if you’re a banker, you can fuck right off!”

The Big Short will make you angry with the banking system but will also make you laugh at the stupidity as well. It’s part drama, part comedy, part history lesson and that is probably what makes it a winner.

Oh yes. Another year of watching all the Best Picture nominees. This makes it the fifteenth year in a row I’ve done so! Here’s to another Oscar year.

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Movie Review: The Peanuts Movie

The Peanuts Movie is full of surprises. Especially for Charlie Brown.

The Peanuts Movie is full of surprises. Especially for Charlie Brown.

Charlie Brown and the Peanuts characters are some of the most beloved cartoon characters in history. The Peanuts Movie brings them back into action in 2015. And in winning style.

It’s winter. While the kids are having fun skating and playing hockey on the ice, Charlie Brown is nervous. A family has moved into town and with them is a girl– the little Red Haired girl– he wants to win the attention of. However he has a track record of bad luck in the neighborhood and among his peers. He sees Lucy for ‘professional help.’ She advises him to make a winner of himself and be more confident.

First chance is at the school talent show. Charlie has a magic act planned with Snoopy and Woodstock assisting. Charlie’s last up. Sally is second -last up with her cowgirl act. However she gets ridiculed by the crowd. Charlie decides to help her win the contest at the expense of his own humiliation. It works. She wins and he makes a fool of himself.

Next chance is the school dance which consists of prizes going to the winning solo dances for both boys and girls. The little-red haired girl wins the female prize.  Charlie Brown appears to have winning form but a slip causes him to fall and disrupt the sprinkler system which disrupts the whole dance. Again a blockhead!

Next chance is a book report which he’s partnered with the little red-haired girl. Then comes aptitude testing which Charlie Brown is believed to score the highest. Just before Charlie Brown is to receive a medal for his perfect score, he learns the truth and declines his medal on stage. To make matters worse the book report Charlie Brown wrote for the little -red-haired girl is destroyed in the air by Snoopy’s plane.

Summer approaches and classmates are assigned to be pen pals. The little red-haired girl chooses Charlie Brown. The thing is she’s to spend the summer at camp. Charlie Brown has one last chance to meet up with her. Does he do it or doesn’t he? Those who saw the movie will know for sure.

What the filmmakers had in terms of bringing the Peanuts back to the big screen was a challenge. The first challenge was for possibly the first time, the Peanuts characters were 3D in a 3D world. The second challenge was what to include in the film. No doubt the film was to include the common traits of the characters as well as the common lines used by the characters throughout. The other challenge would be what kind of world would The Peanuts be in? Would they be in their past world consisting of common things like books, playing baseball and Snoopy using a typewriter? Or would they be in the modern world where kids use iPads, skateboard, hop onto Wikipedia for whatever info they want and save their essays as Word Documents?

I believe the writers and animators made the right choices to have the story situated in the traditional world of the Peanuts characters. That’s how fans of the cartoon series best remember them and converting them into the modern world would be very tricky stuff and may turn long-time fans off. Another element I liked is that it maintains a lot of familiar situations from Peanuts cartoon strips and Peanuts cartoon shows of the past. The humor of Charles Schulz had to be kept with the story as well as the familiar personality traits of all the characters.

However with this being a feature-length movie, it had to present a legible story with a beginning, middle and end. This was a challenge to write out such a story and mix in the common humor of the Peanuts characters and familiar moments of the Peanuts history. I feel it did an excellent job of creating a consistent story with mixing in the humor of the Peanuts franchise as well as giving all the other characters their moments too. It can’t all be about Charlie Brown. Plus I’m sure all of us wanted to see Charlie Brown win the ‘little red-haired girl.’

Kudos the Charles Schulz’ son Craig, grandson Bryan and Cornelius Uliano for writing an excellent story true to the Peanuts series as well as entertaining from start to finish. Additional kudos to director Steve Martino. To make such a movie work, they had to put it in the hands of someone who knows how to direct animation. Martino has proven himself in the past with Horton Hears A Who and Ice Age 2: Continental Drift. Here he delivers again. I also give the animators credit for making 3D characters of the peanuts characters for possibly the first time. That was another challenge: keep them 2D or make them 3D? They took the risk with 3D and it worked very well. I will admit I did see a few glitches in terms of speed but the form of the characters as well as the settings were flawless.

The vocal talent from the young actors were all there as they not only sounded like the characters but they personified them as we commonly knew them. Additional kudos for Christophe Back for providing the score familiar with Peanuts animation of the past as well as adding some things of his own.

The Peanuts Movie is an excellent movie with all the right moves to win over fans of Peanuts cartoons and introduce the Peanuts kids to a new generation of children.

Sochi 2014: Seven Canadians To Watch

Canada Olympic

You all remember Vancouver 2010. Canada won the most ever Winter Olympic golds in a single games with 14. Canada is not the host nation for the Winter Olympics anymore. That pressure now belongs to Russia. Nevertheless Team Canada will face pressures of its own over in Sochi both as individuals and as a team. One thing we should take into account is how some countries perform in the Olympics after they were host nation. Below is a chart of host countries and their various medal hauls. The #/# guide is golds/total medals:

Olympic Chart 1

As noted in that chart, some get better like Canada in 1992. Some still stay the same and some do noticeably worse like Japan in 2002 and Italy in 2010. Sports Illustrated predicts Canada to win a total of 31 medals including eleven gold. That’s an awful lot but not impossible.

In the meantime, here’s a look at some Canadians favored to do well in Sochi, if not win:

Patrick Chan – Figure Skating: Canada has a proud legacy in figure skating. So proud you could say figure skating is rightfully third behind hockey and curling as our national sport. Our legacy is there. Canada has also left every Winter Olympics since 1984 with at least one medal in Figure Skating. Canada is one of only five countries to win twenty or more Olympic medals in figure skating. We have Olympic champions in three of the four returning figure skating categories. The only one we don’t have is in the Men’s Singles event. Four bronze medalists, two double-silver medalists but never a gold medalist. This could finally be the year.

Patrick Chan has Canada’s best chances. He’s been national champion since 2008 at the tender age of 17, a world Championships medalist every year since 2009 and a World Champion three times starting in 2011. He has looked good this season, winning two of his three international competitions this year losing only the Grand Prix of Figure Skating.

He has looked good in practice here in Sochi and appears confident he will win. However he will have rivalries from Kazakhstan’s Denis Ten who finished behind him at last year’s Worlds and Russia’s Evgeni Plushenko who’s making a comeback. Also expected to challenge is Spain’s Javier Fernandez and Japan’s Yuzuru Hanyu: the latter two of which are coached by Canadian double-silver medalist Brian Orser. In fact it was Hanyu who gave Chan his only defeat this year at the Grand Prix back in December. So will he be the first Canadian men’s champion or the seventh medalist? It will all be decided on the 13th and 14th.

Erik Guay – Alpine Skiing: Remember the Crazy Canucks? Yeah, Canada had an impressive legacy in Alpine Skiing on both the World Cup circuit and the Olympic Games in decades past. Nancy Greene, Kathy Kreiner, Ken Read, Steve Podborski, Kerrin Lee-Gartner, we all remember them. Problem is it seems like it’s all in the past. The last Olympic medal was a 1994 bronze in Men’s Downhill by Ed Podivinsky.

Canada’s top bet to get back on the Olympic podium is Erik Guay. Guay is 2010 World Cup winner in the Super-G and 2011 World Champion in the Downhill. This year he has ranked in the Top 3 in the men’s downhill on the World Cup circuit. However he was sidelined temporarily in January due to a minor knee injury. But he’s confident he will be ready to perform on February 9th. Actually Erik is not the only Canadian alpine skier with good chances to win a medal. Healthy medal chances also come with Marie-Michele Gagnon who is currently ranked fourth in World Cup standings in the slalom and just won her first ever World Cup race–a super-combined event–just last month in Austria. Will a new generation of Crazy Canucks arrive in Sochi? The Rosa Khutor Alpine Resort will set the stage.

Alexandre Bilodeau – Freestyle Skiing: Alexandre isn’t just simply the first Canadian to win gold during Vancouver 2010. He’s the first ever to win gold on Canadian soil as the 1976 Summer Games in Montreal and the 1988 Winter Games in Calgary failed to produce a Canadian Olympic champion.

Since Vancouver he has made many public appearances and has graduated from college. His competitive drive has not deterred. He has won moguls silver at the past two World Championships and has already won three of the six moguls events on the World Cup circuit. He is a big favorite to win at what he says will be his last Olympics but his top challenge will come from fellow Canadian Mikael Kingsbury who is 2012 and 2013 World Cup winner in moguls, World moguls champion in 2013 and has won the other three World Cup events from this year. In fact Sports Illustrated predicts Kingsbury to win gold and Bilodeau to win silver. The stage for Canadian vs. Canadian will take place February 10th.

Charles Hamelin – Short-Track Speed Skating: There’s a lot of talk for the possibility of the first ever Canadian four-time Olympic champion. One possibility, actually three, is in women’s hockey which I will talk about later. Another possibility is in men’s short track speed skating with Charles Hamelin.

You could say that short track is in his blood. His younger brother Francois was part of Canada’s gold medal-winning relay and his father Yves is the current national director of the national short track team. Hamelin has had an illustrious career which includes two Olympic golds from Vancouver and a silver from Turin in 2006 as well as 26 World Championship medals, eight of them gold. In fact at last year’s World Championships, Hamelin was part of the gold medal-winning relay and won three individual bronzes.

Charles comes to Sochi as the reigning leader in the overall World Cup standings as well as leading the 1000m and 1500m. His path to more gold will not go unchallenged. His top threats come from Russia’s Viktor Ahn and South Korea’s Sin Da-Woon. Plus there’s the sport itself which is known for its slipperiness and frequent falls. It will all be decided at the Iceberg Skating Palace.

Alex Harvey – Nordic Skiing: Skiing sure runs in the family. It was natural that Alex Harvey take up cross-country skiing. His father Pierre was Canada’s best ever cross country skier when he was competing during the 80’s. In fact I myself remember back during the Calgary Olympics Pierre was giving Canada its best-ever finishes in the cross country events. Sure they were between 14th and 20th but they were still new achievements for Canadian skiers.

Alex, who was actually born in September of that year, has taken achievement to new levels. He now has Canada’s best ever men’s finish at an Olympic Games: fourth in team sprint with teammate Devon Kershaw. He and Kershaw would become World Champions in that event in 2011. Harvey won bronze in the sprint at last year’s Worlds. This season he has won two World Cup races. Sports Illustrated predicts him to win bronze in the sprint. However he’s pressed to win Canada’s first even men’s cross country medal by teammate Devon Kershaw who finished second to Harvey in a World Cup sprint event. He will also be challenged in winning the sprint event by World Champion Nikita Kryukov of Russia, World Cup sprint leader Josef Wenzl of Germany and Italy’s Federico Pellegrino who’s ranked second in the sprints. The Laura Biathlon and Ski Complex is the stage.

The Dufour-LaPointe sisters (Justine, Maxime and Chloe) – Freestyle Skiing: It’s not uncommon that you have siblings competing together at the same Olympics. Sometimes in the same event. But three? And all three of them in the same event? That’s the case of the Dufour-Lapointe sisters in moguls: Maxime who turns 25 on the 9th, 22 year-old Chloe and 19 year-old Justine.

The first excitement came when Chloe qualified for the Vancouver Games. Bigger excitement came  when Justine won bronze at last year’s World Championships. However the excitement has been happening this year on the World Cup circuit. All six World Cup meets this year has seen at least one of the three on the podium with Justine winning two events and Chloe winning one. Currently on the World Cup circuit Justine ranks second, Maxime third and Chloe fourth. It’s possible the sisters could even sweep in Sochi. However blocking their path is defending Olympic champion, 2013 World Champion and World Cup leader Hannah Kearney of the U.S. American Heidi Kloser of the U.S. who is ranked fifth in the World Cup also poses a challenge as well as Japan’s Miki Ito who finished second at last year’s Worlds. It will all be decided February 8th.

Canada’s Hockey Team (men and women): Every Winter Olympics you can’t avoid the talk of Canada’s chances in hockey. Especially in men’s hockey. Hey, our national pride is at stake and winning it makes our OlympicsEver since NHL players were allowed to compete for the first time back in 1998, it’s always the challenge to prove themselves first among at least six equals. But we’ve succeeded with wins in 2002 and back in Vancouver. However we’ve found ourselves off the podium in 1998 and ousted in the quarterfinals in 2006.

Team Canada’s 24 members are all NHL players and eleven were part of Canada’s gold medal-winning team from 2010. Sidney Crosby who scored the ‘golden goal’ back in Vancouver is the captain this time. Team Canada has failed to win a World Championship medal ever since Vancouver but is predicted by Sports Illustrated to win bronze. They face challenges from 2013 World Champions Sweden whom SI predict to win and from the home country of Russia. It will all be decided at the Bolshoi Ice Dome by the 23rd.

As for the women, Canada has very good chances to win gold again. If they do, three women–Haylee Wickenheiser, Caroline Ouellette and Jayna Hefford–could become the first Canadians to win four Olympic golds. However their top rival as always is the United States. In fact the U.S. beat Canada for the 2011 and 2013 World Championships. It’s just a question of which of the two will take it on the 20th. Or a question of if a European team will upset. It’s possible.

So there you go. Those are some Canadians to look for at the Sochi Games. I know they’re more than seven but I couldn’t resist adding more. Besides people who like my Olympic writing probably don’t mind anyways. Besides since I wrote about the athletes from around the world yesterday, I figure you were due some Canadians.

They should provide for a lot of great moments and more national heroes. Interesting how ever since the 90’s Canada has become a superpower in winter sports like Austria and Norway. Before them we either had a lousy winter and a good summer or a good winter but a lousy summer. There have been one or two years where we had both a lousy winter and summer but that’s in the past. Anyways let the Games begin!

The Royal Wedding: Positive For The Royal’s Future?

Unless you’ve been under a rock all this time, you know by now that William Windsor, Son of Charles Prince of Wales and grandson of Queen Elizabeth, is engaged to commoner Catherine ‘Kate’ Middleton. The wedding will take place the morning of Friday, April 29th: tomorrow to be exact. It is scheduled to be the biggest Royal Wedding of the British Monarchy since Prince Charles wed Lady Diana Spencer in 1981. Most of the world will be watching, especially England and other members of the Commonwealth. The big questions are what will the future of the Monarchy be like? And will the new Royal couple go the distance?

The British Monarchy has always been an important symbol of the British Empire, especially in the heydays of its superiority back in the 19th Century. In fact Victoria Day is still celebrated in Canada in tribute to the Queen that granted Canada its Dominion. Even though the United Kingdom is a democracy under rule of the Prime Minister, the Queen and her Royal subjects are still an important symbol of rule in England and many other nations of what is now called the Commonwealth Of Nations.

The present-day Commonwealth is completely different from what has been known as the British Empire. The Commonwealth is an intergovernmental organization that promotes many core values amongst its fifty-three independent member states including Canada such as democracy, human rights, good governance, the rule of law, multilateralism and world peace. Even Queen Elizabeth herself declared shortly after her Coronation in 1952: “The Commonwealth bears no resemblance to the empires of the past. It is an entirely new conception built on the highest qualities of the spirit of man: friendship, loyalty, and the desire for freedom and peace.”

The Head of the Commonwealth is the King or Queen Of England. Currently that title belongs to Elizabeth II. She is a symbol of the Commonwealth’s free association and plays an important role in shaping the Commonwealth. She attends the biennial meetings of the Heads of Government, attends dinners and makes speeches at the meetings, and has private meetings with the individual heads of state.

Now that we’ve dished out on the importance of the British monarchy–and as stated above, they actually are important in today’s world–there’s the question of the future of the one sitting on the Throne. Elizabeth II has held the throne since her coronation as Queen in 1952. She shows no signs yet of handing the throne over to the next in line: Charles Prince of Wales, first-born child of Queen Elizabeth and father of Prince William. One of the key rules of the monarchy–one that reiterated in the movie The King’s Speech–is that the King is not to be married to a woman previously divorced. Prince Charles was married to Lady Diana Spencer in 1981 but the marriage dissolved in 1992. Soon he had a relationship with Camilla Parker-Bowles who was already married. It was her relationship with Charles that led her first husband, Andrew Parker-Bowles to divorce her. In 2005 the two finally married with Camilla choosing to adopt the title Duchess of Cornwall. Since the marriage, Camilla has worked to develop a more positive image away from the ‘scandals’ of the past. This may explain why Elizabeth is in no rush to hand over the Throne to Charles. As for Edward, the only one of Queen Elizabeth’s children who has kept their first marriage intact, he shows no interest in owning the Throne. Talk about a Royal dilemma!

Now outside of the future of the Throne is the big question of another future: the marriage of William and Kate. William and Kate first met when they were both students at the University of St. Andrews in Scotland back in 2001. You could say the rest is history but there’s more to it. While the world is familiar with William’s ancestry and background of privilege, Kate came from a family that started as workers for British Airways but later formed their own mail order business which succeeded well. Kate herself worked as an accessories buyer for a clothing company for some time. William has grown up in a fishbowl while Kate experienced discomfort during the first few years upon dating William but leaving the relationship ambiguous. Many times during the early years of the suspected relationship, she would complain to her lawyer and even threaten legal action against the press. In 2007 they broke up but would reconcile within months. Even after the reconciliation, they would try to keep their relationship low-key. That all ended in November of last year when their engagement was officially announced.

Now comes the personalities of the two. William may have been born into a life of privilege but he has come across as well-behaved and considerate. A lot of it is attributed to Diana raising him and Harry outside of Buckingham Palace. It’s noticeable as William appears to posess more of Diana’s personality traits than Charles’. Although he’s second in line to the throne behind his father Prince Charles, there are many who feel he should be King instead. He’s had his share of living the high life, but he has also followed in his mother’s footsteps and has done humanitarian work. He’s also part of the RAF and has done military work in recent years. Kate, like Diana, has developed a fashion sense all her own and has made many ‘Best Dressed’ lists in recent years. She has graduated university with an honors degree. She’s also known for being well-mannered. As for whether the marriage will go the distance, that remains for the future to tell. They both appear to be two intelligent people in love but anything could change. We shouldn’t forget about their breakup from years earlier. It’s possible it could happen again. As mentioned earlier, Kate had her own difficulties with living life in a fishbowl when she was just ‘seeing’ William. After the marriage, it will most likely increase and top of it Kate will now have to play a role as a public figure. Will she be able to handle her new role and the pressure of the press?

Friday April 29th will not only mark the beginning of Prince William’s marriage but also the beginning to his future fate in being heir to the Throne. We all know it’s the divorce and remarriage to a divorcee that is causing Prince Charles to wait. Only the future will tell if Prince William’s marriage will go the distance, and if whatever happens is a help or hindrance to his line of succession. Also Kate’s role in both the Royal Family and in the public eye will also come under intense media scrutiny. Will she remain calm under pressure? Or will she be a huge subject of scandal and tabloid fare? Stay tuned.

WORKS CITED:

WIKIPEDIA: Commonwealth Of Nations.Wikipedia.com. 2011. Wikimedia Foundation Inc. <http://en.wikipedia.org/wiki/Commonwealth_of_Nations&gt;

WIKIPEDIA: Catherine Middleton.Wikipedia.com. 2011. Wikimedia Foundation Inc. <http://en.wikipedia.org/wiki/Catherine_Middleton&gt;

WIKIPEDIA: Camilla: Duchess of Cornwall.Wikipedia.com. 2011. Wikimedia Foundation Inc. <http://en.wikipedia.org/wiki/Camilla,_Duchess_of_Cornwall&gt;