SHEESH! I’ve never seen anything like this, have you? My fave – Kelly McParland’s Full Comment, at the bottom. Hilarious and right on the money. THURSDAY CLIPPINGS “NEWS HOUR FINAL†Global BC and Global Ontario Broadcast Date: Thursday July 15 2010 The Harper government says it’s making changes to the census based on widespread privacy complaints but as Shirlee Engel […]
Read moreThere has been a persistent drumbeat in the American business press about corporations accumulating cash. The argument is that, while corporations are making solid profits now, they are not investing in the US for fear of anti-business policies in the future. Obama has allegedly spooked corporate America into hoarding cash rather than investing. To test that story, I looked at […]
Read moreThe Honourable Tony Clement Minister of Industry House of Commons Ottawa, Ontario K1A 0A6 Dear Minister Clement: Re: Labour Market Information and the 2011 Long-Form Census Questionnaire The Canadian Labour Congress (CLC) requests that you, as the Minister responsible for Statistics Canada, revisit your decision to cancel the mandatory long-form census questionnaire. By discontinuing the long-form census and replacing it […]
Read moreToday’s Globe and Mail features an article about the University of Toronto’s plan to turn “to the private sector to solve their campus housing problems” for students. In particular, the article refers to a plan whereby the U of T would become “the first university in Canada to erect a large tower offsite with private money.” According to the article, […]
Read moreWhenever the stock market falls, CNBC’s Larry Kudlow reliably blames the Obama administration’s allegedly anti-business policies. But when the market was rising on Obama’s watch, Kudlow generally did not talk about it. On tonight’s show, he took a different tack. He repeatedly asserted that the market has recently rallied not only on strong corporate profits, but also because Tim Geithner announced (on […]
Read moreThe BC government has released its final estimates of the cost of staging the 2010 Winter Games, highlighting the problems this government has with telling the truth (other examples include the 2009 pre-election fudge-it budget, and the HST). The Tyee reports: British Columbia’s government spent $325 million more on the 2010 Winter Olympics and Paralympics than originally promised. The $925.2 […]
Read moreUnder the “we told you so” category, I am filing the BC public accounts for 2009/10. The province closed the year with a deficit of $1.8 billion. As Will McMartin comments in The Tyee: … B.C.’s public accounts for the fiscal year 2009/2010 conclusively prove that the pre-election fiscal plan foisted on British Columbians by Premier Gordon Campbell and his […]
Read moreThe front page of today’s Globe and Mail (Ontario Edition) proclaims, “Supercorp is dead.†The story goes on to note, “many government insiders have suggested that opponents of a potential deal got too much of a head start on framing the issue.†Indeed, this blog got a head start framing the issue back in December, when The Globe reported that […]
Read moreOn a weekend getaway to Washington state, I was alarmed at how much cheaper gas prices are south of the border. Typically, we paid $3 per gallon, whereas the price in Vancouver upon our return was $1.16 per litre, which is $4.39 per gallon (with the exchange rate roughly parity over the weekend). This is an astonishingly large price difference, […]
Read moreHere’s the media round-up from over the weekend and today’s press. You will note almost all the stories are against the Harper decision to cut the Census long-form questionnaire. However the push-back-in-print has begun. Clark’s piece from the Province [BC] is an ode to libertarianism, and Ditchburn’s story for CP, “Census consensus among Conservatives”, offers some insights on where this […]
Read moreThe notion that tariffs caused the Great Depression has been repeatedly invoked in opposition to allegedly protectionist policies and to press ahead with deregulatory “free trade†deals. Also, the current collapse of international trade is sometimes cited to suggest a rising tide of protectionism today. Yesterday, Paul Krugman had an excellent post debunking the underlying claim that tariffs caused the […]
Read moreToday’s Toronto Star features an op-ed by John Cartwright, President of the Toronto and York Region Labour Council. (I once had the chance to hear John speak at a press conference in Toronto and found him to be an oustanding public speaker. But I digress…) In the piece, he argues that “we” (I think he means both the Harper government and the […]
Read moreFrom strategies on austerity to shutting down public discourse, Prime Minister Harper seems to have found a new BFF at the G8 meetings. David Cameron’s new tough-as-nails coalition government is planning to scrap the Census in the U.K., which has been taken every 10 years for the past 200 years. It is viewed as “expensive and inefficient”. Unlike Canada’s decision, […]
Read moreThe sound of backlash to the government’s decision on cutting the Census long-form questionnaire continues to rumble across the country. Tuesday’s Globe and Mail published a story on the topic as well as a column by Andre Picard which was drawn primarily from the open letter on this blog. The next day the sound of outrage came from Mr. Harper’s […]
Read moreThis morning, Statistics Canada reported that employment jumped by an incredible 93,200 in June. But the total number of hours worked actually declined. In effect, less work was divided up between more workers. (By contrast, a similar employment jump in April corresponded to a large increase in hours worked.) Less Unemployment: A Central Canadian Story The advantage of dividing less […]
Read moreThe former Chief Statistician, Ivan Fellegi, who served Canada for 51 years, cannot identify any census in any country that is voluntary. From time immemorial, such is the nature of Census taking. Thus far there are only two people on public record in Canada taking a public stand against the Census and it is not because of the questions on […]
Read moreAs BC and Ontario have now started paying the HST at the till, many people may be wondering when exactly can we expect to see those jobs postings opening up. This is a good question. According to analysis commissioned by the BC government from economist Jack Mintz, titled British Columbia’s Harmonized Sales Tax: A Giant Leap in the province’s Competitiveness, […]
Read moreWith all of the attention focused on the HST implementation on July 1, most people seemed to miss the next increment of that other much-hated tax, BC’s carbon tax. As of July 1, the carbon tax is now $20 per tonne of CO2, or about 4.6 cents on a litre of gasoline. And like any two-year old, this toddling tax […]
Read moreAt the end of May in Quebec City at the annual Canadian Economics Association conference, the PEF awarded the second John Kenneth Galbraith Prize in Economics to John Loxley. Below is the full text of John’s Galbraith Lecture (pdf version with proper footnotes and formatting here). Congrats again to John for a lifetime of amazing work! Also, thanks to one […]
Read moreIf you care about the quality of data that helps us do our analysis, here is a small step you can take to help reverse the Statistics Canada/Government of Canada’s decision to eliminate the Census long form.
Read moreI recently had the pleasure of making a couple of presentations on public finances in Alberta. In February, I spoke at the “Remaking Alberta†conference in Edmonton. This past week, I served on an Alberta Federation of Labour (AFL) panel in Calgary with Todd Hirsch from ATB Financial and Roger Gibbins from the Canada West Foundation. Like other provinces, Alberta […]
Read moreA recent letter from economists nicely summarized the two main theoretical arguments in favour of the HST: “Businesses, large and small, will face lower administrative costs from complying with one sales tax system instead of two. Lower business costs, especially on capital equipment, will encourage investment and economic activity.†Both arguments make sense in a stylized model of replacing retail […]
Read moreOne of the wonderful things about being away from the usual grind for a few months, is that I get to engage in this unusual activity called picking up a book and actually reading it. What a concept! It doesn’t happen much in the normal day-to-day life of CAW economist, engaged citizen, and co-parent of two lovelies. But it does […]
Read moreTwo weeks ago, the report of a government-appointed panel on Ontario’s social assistance system was made public. The report, entitled “Recommendations for an Ontario Income Security Review,” was written by the 11-member Ontario Social Assistance Review Advisory Council, which had been struck in December 2009 by the McGuinty government. The Council had been asked to make recommendations on the “scope and terms of […]
Read moreJune 30, 2010 Open letter to the Honourable Tony Clement, Ministry of Industry and Minister Responsible for Statistics Canada and Munir Sheikh, Chief Statistician, Statistics Canada Dear Sirs I am concerned by the Canwest report about the decision to restrict the upcoming Census, and the path the highly-regarded Statistics Canada and the Government of Canada seems to be headed down […]
Read moreFollowing a strong increase in March, Gross Domestic Product (GDP) decreased slightly in April. Output edged down in both the goods-producing sector and the service sector. Annualized output stood at $1,229 billion in April, compared to a pre-crisis peak of $1,241 billion in July 2008 and a trough of $1,186 billion in May 2009. We are $12 billion below the […]
Read moreFrom the “fox guarding the henhouse” category comes news that the Bank of Canada has appointed Tim Hodgson, CEO of Goldman Sachs’ Canadian subsidiary, to be a special advisor for the next 18 months on financial regulatory reform. Hodgson worked with Governor Mark Carney when the latter was also at Goldman Sachs. (Don’t forget, Carney himself spent 13 years at […]
Read moreBill Watson might just be my very favourite right-wing economist. (He might disagree with that moniker. Or he might not. He probably thinks he’s just being “rational.”) Prof at McGill, punchy commentator for the National Post, and always game for a fair debate (unlike most of his ilk who just try to ignore us in hopes we’ll go away and stop […]
Read moreHow fascinating, and inspiring, to see China’s workers continuing to build their fightback against the low pay and grueling working conditions that have unfortunately been part and parcel of China’s recent development. And how appropriate that it was a fight against a global auto giant, Honda, that finally put the global spotlight on this struggle. Finally, how ironic that Honda […]
Read moreI’m happy to be in Vancouver not my home town of Toronto right now. Turning Toronto into a police state for a few days at the cost of $1 billion hardly seems like a good use of public funds, especially when we know the final communique will preach fiscal belt tightening. But what does $1 billion of security look like? […]
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