Those of us capable of casting a critical eye on the Prime Minister are well aware of his capacity for rhetorical flourish. Unfortunately, that flourish is often an end in itself. Concrete action and legislative initiatives rarely follow. And frequently that rhetorical capacity escapes him when he has no answer
Continue readingTag: Sears Bankruptcy
Politics and its Discontents: Corporate Greed and Political Collusion
If you haven’t already done so, be sure to check out Owen’s post on the Sears Canada bankruptcy. In it, he cite’s Linda McQuaig’s article in today’s Star that deals with our wholly inadequate bankruptcy laws that leave many workers, in this case those losing their jobs with the 65-yeear-old
Continue readingNorthern Reflections: It’s Time
There are several lessons to be learned from the demise of Sears Canada. Linda McQuaig writes that one of the biggest is that the legal principle of “limited liability” leaves loyal employees in the lurch: Whatever competitive pressures Sears Canada faced along with other big retailers, its controlling shareholders almost
Continue readingNorthern Reflections: Another Canary In The Coal Mine
Everyone these days focuses on the middle class as the engine which drives the economy. However, Susan Delacourt writes, the shuttering of Sears stores across the country tells the story of what has happened to the Canadian middle class: Retail analysts have been warning for some time now that e-commerce
Continue readingNorthern Reflections: Vulture Capitalism
Sears — both here and in the United States — is on its deathbed. These are not easy days for retailers. Companies like Amazon have changed the rules. But, Alan Freeman writes, if you want to know the real reason Sears is about to go under, take a good look
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