A royalty is the price paid by a non-owner to use or consume the owner’s asset. In Canada, at least in theory, provincial governments own and manage resources for the benefit of a province’s citizens. A Royalty is not a Tax: Economists distinguish between royalties and taxes.3 In the strict
Continue readingAuthor: Norm Farrell
Northern Insight: Model T and Big Mac parallels
A once convenient version of history stated that a century ago, Henry Ford paid daily wages of $5, double the usual, so workers could afford the vehicles they made. According to myth, Ford thereby helped develop the middle class. In truth, Henry Ford was the opposite of an altruist. He
Continue readingNorthern Insight: Flimflam sham
When conducting hearings on Northern Gateway, the National Energy Board Joint Review Panel denied participation to many and held sessions behind closed doors to limit opposition voices. Its decision favoured multinational industry over affected Canadian citizens and ran contrary to the bulk of testimony heard, including expert claims that “world-leading”
Continue readingNorthern Insight: Democracy myth exposed
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Prof. Martin Gilens, Princeton University and Prof. Benjamin I. Page, Northwestern University. “Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups
Continue readingNorthern Insight: Effective management… of bonuses
The marvellous managers of British Columbia’s public service demonstrate an indisputable skill. Come hell or high water, they always manage to hit pre-determined objectives and thereby manage to trigger payments of personal performance rewards and bonuses. (And you thought the ‘manage’ parts of their job descriptions were about directing agencies
Continue readingNorthern Insight: Short term gain for long term pain
250news.com, December 2013 “While one Canfor mill shuts down, another opens up, in China.” Business in Vancouver, January, 2014: “The constant flow of B.C. logs to overseas sawmills is hurting local custom cutters and lumber remanufacturers who rely on the fibre. They are finding it hard to source what keeps
Continue readingNorthern Insight: Guts and glory
Title of the final article on Ian Reid‘s website, The Real Story, began with the words: Guts and glory. Of course, he was not writing about himself but those word applied to Ian, along with wisdom, dedication, loyalty and generosity. His journey ended Saturday. That it lasted until April 2014
Continue readingNorthern Insight: "Cardboard box? You’re lucky…"
Vancouver firm promises to build home in Third World for every local condo sold, The Province, Feb 2014 “Two Vancouver businessmen have started a real-estate gifting program with the lofty aspiration of providing 30,000 homes by 2020…” Humanitarian movement, scam or novel self-promotion? We don’t know and we’re unlikely to
Continue readingNorthern Insight: Don’t read this, it’s none of your business
In comments on the preceding article, a subject emerged that was apart from the beginning one but is worthy of separate examination. This is another iceberg type situation: much does not meet the eye and we can expect it will melt away with little trace and be replaced by another
Continue readingNorthern Insight: Not a puffball comparison
A Vancouver Sun article recently offered a few outdated items about salaries paid to executives of the British Columbia Investment Management Corportion (BCimc). It was a public relations piece devoid of detail, dictated to a Postmedia stenographer. That was followed with a letter to the editor from a pension investment
Continue readingNorthern Insight: Failing upward
In the five years 2009-2013, B.C. Pavilion Corporation, the provincial operator of BC Place and the Vancouver Convention Centre, accumulated deficits totaling $234,178,000 before public contributions (Source: Pavco audited financial statements). During those same five years, the five highest paid executives of Pavco shared $6,416,446 in bonuses and other non-salary
Continue readingNorthern Insight: BC’s crony capitalism in action
Flipping channels Sunday, I paused to watch as Vancouver Whitecaps FC played an MSL game at the StubHub Center in the Los Angeles suburb of Carson, CA. In a facility capable of seating 27,000, the announced crowd was 6,684. No way was that a head count. Feet, maybe. One thing
Continue readingNorthern Insight: An updated update
I had surgery on my left eye last December and on my right eye a week ago. The procedures went well but I must wait a while yet before new eyeglasses can be prescribed. Vision impairment results in a limited amount of reading and close-up work. A number of pieces
Continue readingNorthern Insight: Neither wealth nor splendor…
I was fascinated by Ian Jessop’s interview Friday with Dr. John Helliwell, Professor Emeritus of Economics, UBC. Dr. Helliwell is an editor of the World Happiness Report 2013, released by Columbia University’s Earth Institute. The report is detailed, free of ideological bent and worth broad examination by all. Professor Helliwell
Continue readingNorthern Insight: Jan 6 with Ian Jessop, CFAX 1070
Gadget Google – Lecteur multimédia de Google – http://www.liens-du-vin.ch/google-audio_player-script.htm
Continue readingNorthern Insight: Dis·in·gen·u·ous — [dis-in-jen-yoo-uhs]
Vancouver Sun Editorial Board Considers the Issues Earlier this month, the Vancouver Sun published an editorial titled, BC Jobs Plan figures don’t signal success or failure yet. In case you fail to understand that titular assertion, a sub-heading adds “it’s premature to declare jobs plan a bust.” I understand Postmedia
Continue readingNorthern Insight: Propaganda presented as credible news
Were I a new arrival in Canada who relied on major media, I would believe, as Canadian Press reported, Northern Gateway is a project that, “…will put billions of dollars into the coffers of Alberta, Ottawa and other provincial governments…” Further, I would believe that the NEB’s Joint Review Panel
Continue readingNorthern Insight: The decline of journalism…
“…It’s a fundamental existential problem for every society on earth today.” That’s in the opening comments of Dr. Robert McChesney when he was interviewed by Ian Jessop of CFAX 1070 radio. The professor of communication at the University of Illinois ended his weekly show Media Matters last year, after a
Continue readingNorthern Insight: Eyes still on the issues
Thanks for the good wishes these past few days. Surgery on my left eye went well and the doctor’s follow-up exam indicated a good result. In fact, within 24 hours I could see more out of the subject eye than before. Because of amblyopia, that’s always been a bad eye
Continue readingNorthern Insight: Treemendous
“Never worry about the size of your Christmas tree. In the eyes of children, they are all 30 feet tall.” – Larry Wilde For a handful of years, three generations of our family has been travelling to Frosty’s Christmas Tree Farm in Langley to peruse and select perfect specimens. The
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