Banksters will be on a Desperate Prowl for the Rest of 2012
As I’ve suggested many times, the current global economic conditions were to be expected. We are in a static, no growth economy forever, the maximum growth hovering around 2%. for…
Canadian economy
Unravelling Conservative Labour Market Policy: The Maximum Wage Law.
The OECD and the CATO institute have both consistently ranked Canadian labour markets as some of the most flexible in the advanced capitalist world. Indeed, Canada ranks only second to…
From Democracy to Imperial Government: The Conservative War on Raw Facts Continues
It is not really a secret that our conservative government feels a certain unease about facts. Be they those facts which relate to the F35 costs or those facts which…
a tiny glimpse into the ways our government serves the corporate and financial world, not the people of Canada
Some Key Areas Where Neoliberal Policy Undermines both the Industrial Economy and Canadian Democracy Under the Harper Regime, the investor class is constantly being protected at the expense of the…
Something missing all around
So I watched this 8 minute video version of Harper’s speech to caucus yesterday. It was, as many reports have recounted, packed with a consistent economic focus. Of course. He…
14 economic advisors Flaherty consults on policy and budgets are all from the financial sector: Fiscal contraction doesn’t work
The 14 economic advisors Flaherty consults on policy and budgets are all from the financial sector, mostly banksters. Here’s what James K. Galbraith says about the implicit danger of such…
Flaherty’s no to the IMF
From Canadian Press last night: “Flaherty digs in heels on calls to pony up more bailout money for euro zone.” Jim is all talk to the hand, Eurozone: Finance Minister…
Late night
Pro-penny elimination video: Study that says consumers will be bitten: A 2001 economic analysis by Penn State’s Raymond Lombra found that a post-penny economy—in which we round to the nearest…
Canadian family finances still under stress: Report
For many families in Canada, income security is an elusive dream, according to a new study released by the Vanier Institute for the Family. The report, The Current State of…
A Cheery Chart For A Friday Morning
Unions Not In Decline (Quite)! Time to slam a celebratory 6-pack in the parking lot, lads! Then its off to build cars.
Should Ontario Become an Independent Country?
Ok just forget how crazy the questions sounds. The recent wrangling between Ontario and Alberta over the value of the Canadian dollar, oil output and the decline of manufacturing in…
Mystery budget on its way
The budget date was set yesterday, finally, for March 29th, possibly as a bit of a distraction from all things robocall. This should be good: Flaherty said Wednesday the budget…
Despite feds, Canada 7th in creating green-tech firms
A surprise given the Harper government’s not so green credentials: Canada ranks high because of an entrepreneurial culture, relatively high patent activity and existing corporate activity in the green-tech sector.…
More budget homework for Flaherty
This is a story that may have been glossed over in the past few days but is worth noting: “Rating Firms Question Canada's Planned Budget Cuts.” Two of the major…
The "great shell game"
Come on in, the water’s warm! Yes to this Martin column today: “The myth of Tory economic performance.” Can the myth be sustained in coming years? Are times about to…
Most Commentators and Economists Say Threshold Change for OAS is Unnecessary
Surveying recent media coverage including economists referenced or interviewed, one will discover that roughly 9 out of 10 commentators argue that the age threshold for OAS does not require changing…
Gordon V Jackson: the corporate tax cut myth
Apparently Stephen Gordon is having a hard time figuring out where Andrew Jackson, the chief economist for the CLC, got the bizarre idea that: The argument for corporate income tax…
Dr. Doom on Canada
Nouriel Roubini in the Globe today: What’s your assessment of how well Canada is doing in the current global environment? It’s a mixed picture. The overall fundamentals are better than…
Yeah, right, President Harper and his Stepford Wives Are Such Good Economic Managers
Let me get this straight. This past week we learned that the Harper Regime spent $53.8 million in 2009-10 spinning their “Economic” Action Plan to a gullible populace – a…
Do the Harper wave
Stephen Harper waves goodbye to the jobs in London, Ontario, pictured above. That’s a nice shot. Really captures the sentiment well as an accompaniment to this article: “Tories mum on…