Brazil Restructures Debt With African Countries
Brazil has announced that they will essentially “write off” about $90 million in debt from African nations. This is for helping the countries alleviate their huge levels of debt while…
debt
Beating Back the Ghosts: Be Gone Appeals to Reinhart and Rogoff Authority. Welcome the Triumph of Reason.
They’ve haunted me. Incessantly. The ghosts of Reinhart and Rogoff. Their research here, there, everywhere. Bank of Canada speeches? Yes. Finance Department talking points? Check. House of Commons debates? Yup.…
Vancouver Sun Letter
Please see today’s Vancouver Sun — or click here — for my latest letter to the editor. This one is about BC Premier Christy Clark’s efforts to raise government revenue…
Sunday Morning Links
Assorted content for your Sunday reading. – Joseph Stiglitz discusses how the U.S.’ extreme inequality is limiting its prospects for economic recovery: There are all kinds of excuses for inequality.…
Your Country’s Finances Are Exactly Like Yours
Many scoff at the conservative analogy that the American government should manage its finances like a household, but little do they realize the idea doesn’t strengthen conservativism, it weakens it.…
Wednesday Afternoon Links
This and that for your Wednesday reading. – Pat Atkinson highlights what should probably be the story of the year for 2012: the continued degradation of Canadian democracy under a…
In Their Words: Conservatives Responsible For High Household Debt
Canada's dangerously high household debt is being caused by people spending beyond their means, this Conservative government has done everything possible to make sure Canadians continue to do just that.…
Canadian National Debt Growing Faster Than GDP
Canada's debt is growing faster than our ability to pay for it. Since 2008 Canadian public debt has been growing faster than our GDP. Though there are many warning signs…
Conservative Fiscal Deficits & Ignorant Surpluses
Though many would say that fiscal deficits from this Conservative government are the most worrying, their lack of economic knowledge is far more dangerous. Before showing the economic ignorance of…
Tuesday Morning Links
This and that for your Tuesday reading.- Lawrence Martin's take on Robocon doesn't offer much by way of new information, but nicely sums up exactly what deliberate vote suppression and…
I’ve never reblogged something before, but this story…
I’ve never reblogged something before, but this story really impressed me so I had to share. alittlecoconuttart: Occupy Group Buys Consumer Debt And Throws It Away November 10, 2012 By…
Conservative Canada Is Closer To Crisis
Referenced IMF data can be found here Canada's increasing Debt-to-GDP ratio is a problem no one is talking about. While the country's gross government debt (which includes all levels of…
The Conservative Economic Record
Sept 2012: Unemployment is up at 7.4%; it has been increasing since June while American unemployment has only gone down. July 2012: Worst trade deficit ever in Canadian history at…
Ontario hiding savings from lower interest rates
The Ontario government Fall Economic Statement and Fiscal Review ignores and hides billions savings the province will gain from lower borrowing rates in coming years. While this statement acknowledges that…
Household debt going from bad to worse
Canadians are now more indebted than either Americans or the Brits at the peak of their housing bubble. Statistics Canada today revised the national accounts. The result on the household…
Conservatives Can’t Avoid Social Responsibility
There is no stronger conservative principle than personal responsibility, however this Conservative government has shown that when people are only responsible to themselves, social well-being suffers, eventually including the well-being…
Occupy Wall Street 1 Year Later: A Roundtable Discussion
Democracy Now host Amy Goodman hosts a roundtable discussion of Occupy Wall Street movement on its 1 year anniversary with the following experts: Frances Fox Piven, an author and professor…
How Reducing The GST Increased Your Debt
With declining productivity, higher unemployment, and deficit after deficit, it should be obvious the Canadian government would do anything to strengthen the economy, however it is not so obvious what…