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…
Recession
Defending “Rae Days”
Unlike his two immediate predecessors who unwisely allowed themselves to be negatively defined by relentless campaigns of character assassination from the Conservatives, Bob Rae is making it clear that he’s…
BC isn’t broke: putting teacher bargaining in perspective
Last Monday, BC teachers held a Day of Action in communities across the province to protest the BC government’s decision to legislate a contract and put an end to their…
Ontario’s Poverty Reduction Strategy
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers,…
Cuts for Cash: Think about how absolutely appalling and hypocritical this tactic is
Cuts for cash: it can only spur mangers to propose even deeper cuts. Only a nasty neoliberal would use the profit motive to conduct what is supposed to be a…
descending down the pot-holed road of recession towards the sink hole of depression
These remarks of Paul Krugman could easily apply to Canada, for it is essentially homeowners with their massively extended debt load who have bumped our debt to GDP ratio up…
America will benefit if the Supercommittee deadlocks and November 23 passes
Unable to reach agreement on what to cut and by how much, the American governmental Troika (the House, the Senate and the President) struck a Supercommittee consisting of 12 members…
A self-induced recession
An item at the Economist that is making the rounds conveys a quite frustrating aspect of the economic situation in Europe and the U.S.: "A self-induced recession"YOU know, if it…
No Technical Recession, Not That It Matters
Today’s GDP numbers (a sprightly gain of 0.3% at basic prices in July) ensure that there will not be a so-called “technical recession” in Canada — at least, not yet.…
Greek PM frames it as a battle for the future
Here's one politician who – rather belatedly – has managed to frame the issue in a way which will make it difficult for Germany to say No. He has shifted…
IMF’s Christine Lagarde’s Maggie Thatcher moment
Once more, the world is poised on the brink of a vicious recession, and once more, it seems that the political leaders cannot pluck up the courage to take the…
Save the Eurozone and the EU with EuroHope Bonds
The grand experiment of the European Union and of the 17-member Eurozone is far too significant for Europeans to let it fail.The problem: Right now, the EU is buffeted with…
Harper-nomics Is Recipe For Global Depression & Trade Wars
I feel like I'm repeating myself, having just written that the global crisis is not a crisis of debt but, rather, that the debt is a symptom of the long…
Gloom and Doom from the IMF
Further to my earlier post on Recession Ahead?, the IMF have today sharply revised down their forecasts of Canadian growth – from 2.9% to 2.1% in 2001, and from 2.6%…
Falling Real Wages Signal Trouble Ahead
The Labour Force Survey for August showed that average hourly wages were up by just 1.4% from a year earlier, the same low level of increase as was registered in…
What Will Harper Try to Give Away This Time in ‘Buy America’ Fix?
Obama's new job strategy once again includes a "Buy America" clause, specifically stating that unless there are savings of at least 25%, infrastructure projects must use only U.S. materials.Last time…
Conservatives Robbed Canadians
We was robbed by Prime Minister Stephen Harper and the Conservatives during the May 2 Federal election. The truth about the Canadian economy was withheld. Recall, the election eventually revolved…
Shorter Michael Spence
The policy elites, in the developed world, are seized with a deficit mania that crowds out the reality of an unemployment crisis. This mania threatens the world's people with years…
Ask General Kang: Is it a correction? Please tell me it’s a correction! Should I sell?
Yep, there’s nothing trickier to manipulate than a system based on fear and greed. You humans should consider changing your approach to markets. Back on my home planet, I changed…