When the United Steelworkers ended the recent drive to organize Dofasco, Steve Arnold of The Hamilton Spectator posted the following: Today’s decision by the United Steelworkers to back off from the Dofasco organizing effort closes, at least for now, a bitter and divisive debate in the company. It’s clear before the USW comes back to Dofasco it has to mount […]
Read moreI have just ordered what sounds like an excellent new book from an old friend and former colleague, Gerry Caplan. Review from AfricaFiles follows: AfricaFiles Title: The betrayal of Africa Author: Gerald Caplan Category: Africa General Date: 4/5/2008 Source: Groundwood Books Source Website: http://www.groundwoodbooks.com Summary & Comment: “There is a widespread assumption among rich countries that Africa is the problem […]
Read moreI’m deep into figuring out what the new BC carbon tax means for different income groups. But stumped by some anomalous results from the modeling, I took a detour and ended looking at my own output of GHGs. Living in hydro-power-rich BC, our electricity is almost entirely GHG-free, and in the rest of the home it is a natural gas […]
Read moreHere’s a nice piece by John Stapleton published by the CCPA – pointing out that most past downturns have seen improvements to social programs, rather than the cuts imposed last time around in the late 80s early 90s. Â http://www.policyalternatives.ca/documents/Ontario_Office_Pubs/2008/Last_Recession_Spook.pdf
Read moreOne of my weekend projects was doing the family taxes. The good news: my effective income tax rate was 16.1%, which seems pretty reasonable to me. My boss, who makes more money, maxed out his RRSP contibutions and got his effective rate down to 14%. These numbers would creep up if we add in CPP and EI (although with CPP […]
Read moreWhile driving down the 401 recently, I listened to some upstate New York radio and heard a great ad from New Yorkers for Fiscal Fairness. This organization resembles the CCPA’s alternative budget initiatives, although its Better Choice campaign is reminiscent of the CLC.
Read moreI’m struck by the extent to which the media stuck to the story of a dismal US economy/resilient Canadian economy in reporting on Friday’s labour force numbers. See eg the Saturday Globe and Mail report. In fact, Quebec and Ontario combined lost 47,000 full-time jobs in March, and the Maritime provinces also showed signs of growing weakness. Almost all of […]
Read moreAndrew will undoubtedly post a more comprehensive analysis of today’s Labour Force Survey. What strikes me is that, despite all of the gloomy news about an impending recession, Canadians continue flooding into the labour market in search of paid work. In March, the creation of only 14,600 new jobs drew 57,100 more people into the labour force. As a result, […]
Read moreI’ve pasted in below my contribution to the latest issue of Canada Watch, edited by my old friend Danny Drache of the Robarts Centre for Canadian Studies at the University of Toronto. It’s part of a special issue on what Deep Integration of North America could look like with George W. Bush out of the way. Here’s the link to […]
Read moreMost environmentalists would probably say no. But I’m going to make the opposite case here. The thing we need to remember about economic growth is that over long periods of time the products we consume and the processes by which we produce them change dramatically. As my old prof Dick Lipsey pointed out repeatedly, we have a higher standard of […]
Read moreIt is my great pleasure to announce the winners of the first John Kenneth Galbraith Prize in Economics: Mel Watkins and Kari Polanyi Levitt will share the Prize. The award was largely on the basis of their pioneering work around foreign (US) investment and ownership and multinational corporations back in the 1960s and 1970s. Both Kari and Mel will be […]
Read moreMost of the focus in terms of policy responses to climate change has been on mitigation, or ways in which we can reduce our greenhouse gas emissions, with targets and timelines to that end being developed (or at least contemplated). But even if we were to slash those emissions to zero tomorrow, there will still be an increase in global […]
Read moreOn the anniversary of TILMA coming into force, nine national business associations and the professional association representing non-chartered accountants have demanded “bold action” on inter-provincial trade. The press release alleges that “the emergence of new trade barriers threatens to further balkanize the Canadian economy” without naming a single “new trade barrier”. It repeats the unfounded claim that “it is often […]
Read moreLast week I attended a very useful workshop on climate change and green jobs bringing together about 25 people from labour and environmental ngos, in a generally successful attempt to find common ground around climate change policies. I think there was real momentum around the centrality of “green job” creation to moving the climate change agenda forward. There was less […]
Read moreAs Joe Kuchta points out, Saskatoon’s StarPhoenix (SP) newspaper has essentially reversed its position on TILMA without any acknowledgement that its previous position was mistaken. The other SP, the province’s governing Saskatchewan Party, did the same thing. At least the StarPhoenix printed the following op-ed from Joe: SP’s TILMA stance hypocritical Joe Kuchta Special to The StarPhoenix Thursday, March 27, […]
Read moreSpurred by his success in using facebook to derail the government’s new draconian copyright proposals, Michael Geist has set up a service to complement (perhaps, do the work for) the Canadian do-not-call registry. I signed up for that months ago and still get phone spam. I find this deeply annoying, especially when I have settled into the beanbag and the […]
Read moreFor as long as I can remember (i.e. when I was a kid) Ontario has had junior kindergarten for four-year-olds. It is mostly half-day, I think, as is senior kindergarten for five-year olds. Here in BC they just have one kindergarten for five-year-olds, and is generally two-and-a-half to three hours per day. In the recent BC Throne Speech, the government […]
Read moreFor the first time in years, I forked out a toonie to buy the Vancouver Sun this past Saturday. It must have been a guest editor for Easter or something because the banner headline screamed: The Cost of Homelessness: BC spends $644 million a year on services for those on the street. A study says the same amount would buy […]
Read more A good one from Eric Beauchesne on the Canwest wire. Some highlights: Canada’s wealthy benefit most from tax cuts, OECD finds The tax burden on wages has eased in most of the world’s industrial countries this decade, including here, but Canada is among a minority where most of the relief has gone to high-income earners and the least to lower-income […]
Read moreAndrew Jackson closes his lengthy and excellent post on the fallout of the US financial crisis with this paragraph (which I repeat here only because Andrew’s post was so comprehensive): We are at a moment when progressives will have to move from critique to prescription. As Naomi Klein argued in the Shock Doctrine, neo liberalism took advantage of past crises […]
Read moreIn my experience, flights are often delayed in Pearson airport. I always wonder whether there is some particular problem with the management of Pearson or whether delays just tend to happen there because air travel is somehow prone to delay and so many flights go through Pearson. A recent Canadian Press story seems to support the first possibility.
Read moreI was in Washington last week for meetings of economists from central trade union bodies, mainly from the OECD countries. While the main purpose of the meetings was to draft the annual union statement to the upcoming G-8 summit in Japan, we had a full day of meetings with researchers and senior officials from the International Monetary Fund, and also […]
Read moreThe United Steelworkers are currently trying to organize Dofasco. I encourage progressives to vote “yes” in The Hamilton Spectator’s online poll. UPDATE (March 24): The Dofasco poll no longer seems to be on The Spectator’s website.
Read moreAh, the confluence of the events! The tabling of a “prudent†federal budget for uncertain times, followed a week later by news of slowing economic growth. Of course, rumors of the economy’s imminent decline may be greatly exaggerated, given January’s jobs report and trade data. But let’s carry forth with the economic accounts data. Earlier, Erin and Toby drew […]
Read moreNo this isn’t the Economics National Enquirer. I mean shocking. Really shocking. Hasn’t anyone else out there noticed what’s happened to Canada’s net FDI position, in the wake of the mega-massive takeovers of Canadian resource companies that have occurred as a result of the global commodity price boom? Resource companies with more money than they know what to do with […]
Read moreEven Jim Flaherty’s “We Don’t Pick Winners†Conservatives were under pressure in this budget to do something for the auto industry. The fact that at least a dozen swing ridings in southwestern Ontario could determine the outcome of the next election might have something to do with their sensitivity to the continuing industrial destruction being wrought in what is still […]
Read moreI was on CBC’s The House this weekend on the US economy and its implication for Canada and the federal budget. My co-commentator was Chris Ragan, of McGill and CD Howe. We are in general agreement as far as diagnosis goes, though he seems more optimistic than I about Canada’s ability to stay clear of the Tasmanian devil that is […]
Read moreGwyn Morgan, retired founding CEO of EnCana Corp., makes some interesting points about the BC carbon tax in this Globe article. But he also misses the point by focusing his analogy on transportation, as many of us do because it is most what we relate to. While transportation is characterized by highly inelastic responses, the economic equation changes at much […]
Read moreIt is a grim story for household finances according to a recent report by Roger Sauve for the Vanier Institute for the Family. Savings have all but vanished for most families, with debt rising to record highs relative to income. Interest payments have jumped up relative to income, suggesting more households are mortgage and credit card poor, with debt service […]
Read moreLast week, Industry Minister Jim Prentice appeared before the Senate Banking, Trade and Commerce Committee to make the case for TILMA as a means of overcoming those dreaded interprovincial trade barriers, examples of which, according to the Minister “are legion”. What examples does the Minister cite? Here is what I can find: For example, some Canadians, such as teachers and […]
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