The Eurozone Crisis
There is a cogent commentary from Martin Wolf in today’s FT. It is scary indeed that averting financial collapse demands structural changes in the euro area which seem to be…
europe
Hurricane Trichet Hits Jackson Hole
I just finished watching Jack Layton’s state funeral and notice that Jean-Claude Trichet’s speech from Jackson Hole is out. The European Central Bank president does not seem to get it.…
Put It On the Kids’ Tab – A Cautionary Tale
We got used to it after WWII, governments borrowing money to be repaid by taxpayers in the future. In an era of foreseeable, sustained growth that wasn't so bad. The…
MYTHOLOGIES: MONEY AND HYPERINFLATION
In an earlier post, Marc Lee mentioned in passing the German hyperinflation episode of the 1920s. It’s remarkable that this event still holds such sway over the popular imagination despite…
What is North America Truly Asking For?
The turbulence is growing….England, Greece, Spain….where’s next? It could be our own backyards. This from Mohawk Clan Mother, Kahentenita Horn: Youth Riots – Ravenous Hunger for Freedom MNN. August 9,…
Japanizing the World Economy
This guest post is from PEF members Marc Lavoie and Mario Seccareccia, both of whom are full professors of economics at the University of Ottawa. The “Japanization” of the World…
The Howe’s Overnight Moves Need Work
Less than a month ago, the C. D. Howe Institute released a paper by Michael Parkin, “Overnight Moves: The Bank of Canada Should Start to Raise Interest Rates Now.” The…
Social Europe Journal
For those of you out there who have not seen it, I recommend Social Europe Journal. There is a lot of good progressive economic commentary by leading European economists and…
Political Rights
My condolences to the families of the 92 people killed in the Norway attacks. It is a horrible thing to kill children and terrible to kill fellow human beings in…
“Time to Reduce Exposure to Europe”
CBC National News reconvened their “Bottom Line” economics panel (including yours truly) last night to discuss the twin debt crises (Europe and America) that are currently roiling financial markets. Here’s…
Sunday Morning Links
Assorted content for your weekend reading.- Erin alerts us to the possibility that one of the most appalling aspects of the TILMA might soon be law across Canada with virtually…
TILMA by Stealth
A month ago, Canada’s federal, provincial and territorial governments volunteered to be directly sued by investors under the Agreement on Internal Trade. This quiet announcement from Brudenell, Prince Edward Island,…
Italy Votes To Kill Its Economy To Save Its Debt Rating
The parasites and rumour-mongers who run the debt ratings agencies, having done their work getting the Greek government to screw their population, have moved on to Italy. Let's be honest,…
Greece: Bigger Than Lehman Brothers
What a frigging disaster. Back in 2008, the US Federal Reserve let the Lehman Brothers investment bank - which held more than a bellyful of toxic debt, go to the…
New CAW Film About the Economics of CETA
The CAW has just released a 20-minute video featuring none other than yours truly giving a short lecture about the economics of the proposed Canada-EU free trade agreement (a.k.a. CETA).…
Bombardier Cuts 1400 U.K. Workers: Welcome to the Hallucina-Scam of "Free" Trade in Europe
Tough news yesterday for 1400+ workers being laid off at the Bombardier train factory in Derby, U.K. Therein a very stark and hard-boiled lesson for naive Canadians who believe that…
Greek Sovereign Debt Crisis a Sovereignty Crisis
Greek Parliament, Syntagma Athens – by kouk News outlets around the world have focused heavily on the so-called Greek Sovereign debt crisis this week. The proposed solution–an IMF loan package…
A Look at European Transit Planning
The New York Times has a good article about the differences between traffic planning in the USA and Europe. The article shows ways that European cities move people more efficiently…
Municipalities, Procurement and Canada-EU Trade
There is an excellent post by Scott Sinclair at the CCPA blog.
UK Opposed to Europe’s Tar Sands Import Ban
tar sands.jpg While most European countries are working on a proposal that would effectively ban the use of Canadian tar sands in the European Union, the United Kingdom has made…