The link you quoted is not quite baloney - I'd call it more of a dancing bear. It's definitely not standard theory, it's highly speculative. I've nicknamed it a dancing bear because in my opinion it was motivated by the author's desire to be "clever" ("Look how good I am - I can even make a bear dance") rather than to actually propose a serious theory which is likely to be true.
The author in my opinion does make a few good philosophical points, but it would be unwise to treat his theory as being a good representation of reality.
As far as the speed of light goes, according to current theory (General Relativity) wherever you are, the speed of light is 'c', and wherever you go, the speed of light will also be c. You may think that the speed of light is not equal to 'c' someplace else far away from you, but if you actually go there and measure it, you'll find that it's equal to 'c'.
This may sound odd, but that's the way it works according to current theory. Details of calculating the "apparent speed of light" far away from you are highly technical, and depend on the exact coordinate system used. Philosophically, one can view the speed of light as being always constant, and the coordinate systems themselves as being warped - this is more or less the standard view.
Mathematically, given a pre-defined coordiante system, the path of light must obey certain equations, called geodesic equations, the path that light takes is one particular form of geodesic called a "null geodesic".