Over at Wired, Leander Kahney comments on this week’s deal between Apple and EMI to sell EMI’s catalogue free of digital rights management (DRM): How Steve Jobs Calls the Tunes Steve Jobs’ new partnership with EMI to sell music without copy protection is a lesson in how to wield power in the digital age. Carefully and strategically, Jobs set up […]
Read moreThe authors of this paper address the relationship between (overly rigid) intellectual property laws, in copyright and patents, and externalities (spillovers), with a rethink of the assumptions driving the economics. Spillovers MARK A. LEMLEY Stanford Law School BRETT M. FRISCHMANN Loyola University of Chicago – Law School Stanford Law and Economics Olin Working Paper No. 321 Columbia Law Review, Vol. […]
Read moreThis week, I am back home in Saskatchewan, where debate on TILMA is really heating up. (My location and time zone also explain why Andrew filled in for me on today’s Labour Force Survey.) Brad Wall leads the Saskatchewan Party (the renamed Conservatives) and hence the Official Opposition. While some TILMA proponents have withdrawn from the deeply flawed Conference Board […]
Read moreToday’s job numbers are good news in that they strongly suggest the economy is growing rather than slowing. Employment is up by a strong 55,000 jobs, the national unemployment rate remains at a relatively low 6.1%, and real wages are modestly rising. The overall jobs picture is a bit stronger than expected, and women are doing particularly well. (A record […]
Read moreROB columnist Eric Reguly is off to Europe. I’ve always enjoyed his rather iconoclastic business commentary, and will miss it (far too rare in the Globe.) Today’s parting shot identifies the culture of corporate Canada rather than public policy as the source of our poor performance in terms of global business leadership. What ails Canada: My parting shot It is […]
Read moreAn unstated, and almost certainly correct, assumption underlying the speculation about a spring campaign is that the Harper government’s defeat on a confidence vote would result in an election. However, as Andrew Coyne correctly points out, the Governor General could instead call upon someone other than Harper to form a government able to command the House’s confidence. Harper would want […]
Read more This paper from Beaudry and Green seems highly relevant to the currently hot issue of community economic impacts from manufacturing job losses. Manufacturing jobs generally pay above average wages, and recent research suggests displaced industrial workers experience average wage losses in the range of 25%. http://papers.nber.org/papers/W13006  NBER Working Paper No. 13006 Issued in April 2007 NBER Program(s):   LS Does […]
Read moreThomas Palley credibly suggests that the Bush White House has been driving up oil prices by expanding this reserve, but then lowering them during American elections by depleting the reserve. I have also heard suggestions that the Clinton White House depleted the reserve at election time, but am not sure whether it expanded the reserve outside of elections. Manipulating the Reserve by Thomas […]
Read moreThe presentations from the Ottawa Economics Association’s 2007 Policy Conference are now available online. They include a fascinating exposition on China’s manufacturing sector, a business perspective on Canadian manufacturing, Buzz Hargrove on the Canadian economy, and the Fraser Institute’s take on global warming.
Read moreThere has not been nearly enough Canadian discussion of this hot issue, especially given the spate of activity in Canada. Here’s info from a recent critical UK report (with thanks to Joel Harden). On 26 March the UK-based Work Foundation released a report on the social impact of private equity investment in the UK: “Inside the dark box: shedding light […]
Read morePatrick Grady, a former senior Finance official and leading mainstream economist, has weighed in on the Conference Board’s estimate of TILMA’s economic benefits. He cites the paper that Marc and I wrote and reiterates the points first made on this blog. He also notes that the Conference Board’s own forecast of BC’s economic-growth rate does not seem to reflect its […]
Read moreAir travel is a beast for the climate change file, one that is going to be difficult to tackle as we move ahead. For consumers, it is deeply entrenched as a means of getting around the globe, and may be particularly hard to reduce because it would require strong international collaboration. In Monbiot’s book Heat, he argues we need to […]
Read moreThe “uh oh” file is growing, as the next IPCC report comes out this Friday. In it are more graphic descriptions about what warming could mean for the planet and by region. Scary stuff that will hopefully take our governments to the next level beyond recognition and half-measures to something more meaningful. Below are some previews from the Toronto Star […]
Read moreA jury is supposed to be comprised of one’s peers, but Conrad Black’s “Peers” are in the House of Lords and among the global elite. Naomi Klein reports on the class dimensions of jury selection at the Black trial (hat tip here): Class War in Conrad’s Court by Naomi Klein During the jury selection process at the Conrad Black fraud […]
Read moreThe following note, including tables, is available on the Canadian Labour Congress website: Free trade was promoted to Canadians on the famous promise of “jobs, jobs, and more jobs†and is widely defended on the basis that Canada’s large trade surplus with the US contributes to Canadian employment. Meanwhile, American commentators are concerned that the US trade deficit displaces American […]
Read moreJoseph Stiglitz compares Europe and America in his latest column. Message to Canada: like the EU we should not be lulled by conservatives’ obsession with GDP per capita differentials. Europe’s success points the way to better world IN some quarters, pessimism dominated the recent celebrations marking the European Union’s 50th birthday. Unease about the EU’s future is, of course, understandable, […]
Read moreA rather strange – not to say bizzarre – hypothesis on the Conservative decision to restrict income trusts was put forward today (March 31) by Green Party Leader and ostensible progressive, Elizabeth May. Speaking to the Council of Canadians Integrate this! conference on the “deep integration” Security and Prosperity Partnership with the US, May said she found allegations of revenue […]
Read moreAs the National Union of Public and General Employees reports, the Ottawa and District Labour Council played a key role in initiating this investigation: OPP investigation launched, thanks to Ottawa labour council The question remains – why was it left to an outside group like the labour council to take the initiative?Ottawa (28 March 2007) – Thanks to the Ottawa […]
Read moreThe Saskatchewan Urban Municipalities Association has rejected TILMA. P. S. – The paper that Marc and I wrote on TILMA is now available in French.
Read moreKen Georgetti and leaders of major manufacturing unions just finished meeting with the Prime Minister about Canada’s ongoing manufacturing crisis. The Canadian Labour Congress briefing note quoted by The Globe and Mail online follows: The Manufacturing Crisis Overview Canada’s manufacturing sector is in crisis. High energy prices, a high dollar, and worsening trade deficits with Asia have caused many Canadian […]
Read moreThe expert panel on older workers appointed by the Minister of Human Resources and Social Development has released a short discussion paper. http://www.ow-ta-sec.org/en/consultation/discussion_paper.shtml The background to this panel (promised in the 2006 Budget) was a political push in 2005 for an income support program for displaced older workers – a particularly hot topic in Quebec and, increasingly, in Ontario given […]
Read moreOf more than passing interest given Harper’s ramped up subsidies to ethanol – more of a farm support program than a genuine climate change solution it would seem (though perhaps we should be more supportive of the newer biotechnologies which can convert wood and agricultural wastes to ethanol.) http://www.guardian.co.uk/commentisfree/story/0,,2043724,00.html If we want to save the planet, we need a five-year […]
Read moreFrom the Toronto Star March 23, 2007, p. A21. Working poor get little relief from Flaherty Upon closer inspection, the Conservative finance minister’s Working Income Tax Benefit falls way short of the original proposal first floated by his Liberal predecessor Ralph Goodale, notes John Stapleton March 23, 2007 There was much anticipation that the latest federal budget would […]
Read moreRiddle: When is a Liberal budget, not really a Liberal budget? Answer: When big business loves it! There’s a fascinating sidebar to Jim Flaherty’s big-spending vote-buying budget last week, in the strongly favourable reaction which it received from the business community. All the pundits’ complaints about the budget being “more Liberal than the Liberals” are actually welcomed by the Tories, […]
Read moreBudget 2007 promised a new Expenditure Management System and provides a glimpse of what the Conservatives might have in mind. The Budget Plan boldly “proposes to provide a 25-per-cent investment tax credit to businesses that create new child care spaces” (p. 124). However, it allocates no money for this “Investment Tax Credit for Child Care Spaces” (p. 374). In its […]
Read moreAs advertised on page B7 of today’s Globe and Mail, Hill & Knowlton has promoted Don Boudria from “part-time” Senior Associate to “full-time” Senior Counsellor. Boudria, the former Liberal Whip and House Leader, chaired Dion’s leadership campaign. He attended all of the parliamentary-committee hearings on C-257 to oppose the Bill. In recent days, he visited Liberal MPs who had voted […]
Read moreOntario’s 2007 Budget just came out and it includes a minimum wage increase to $10.25 per hour in 2010.
Read moreIn yesterday’s Financial Post, Jack Mintz repeated the notions that the Budget featured “no broad tax relief” and big spending. He wrote, “Certainly, the idea of making the tax structure more efficient, fair and simple takes a back seat to the rash of special politically driven measures.” However, the tax measures that Mintz specifically endorses – the Child Tax Credit, […]
Read moreLast night, the House of Commons defeated Bill C-257, “An Act to amend the Canada Labour Code (replacement workers),” by a vote of 177 to 122. All NDP and Bloc MPs, about forty Liberals, and one brave Conservative voted in favour. Although the Bill did not pass, the labour movement’s efforts on this issue have achieved at least three important […]
Read moreFinancial markets seem to be betting on an interest rate increase in the wake of news that the CPI year over year inflation rate jumped to (the horror, the horror!) 2.0% in February. A look at the numbers shows that any inflation problem beyond temporary gas price issues is pretty well confined to Alberta. Here, the year over year inflation […]
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