From my morning e mail – bold added. <<Picture (Metafile)>> Le français suit On behalf of Chummer Farina, Director General, Policy and Sector Services Branch, Industry Canada Dear Sir or Madam: I am pleased to invite you to the Global Value Chains Conference to be hosted by Industry Canada on September 25-26, 2007. This by-invitation Conference is expected to involve […]
Read morePerhaps I’m channeling Hugh Mackenzie here, but I sense this means another opportunity for Big Oil to gouge consumers at the pump, yet again. Ironically, gas gouging has done more to increase gas prices than any plan by the Greens. While some people have defended the practice on environmental grounds, I’d much rather have government capturing those revenues, not Exxon, […]
Read moreChalk up another gimmick for Elizabeth May, with the Green’s carbon tax plan that promises, literally, the world, but falls apart upon examination. Don’t get me wrong: carbon tax may well be the way to go, because of its ease of administration compared to other schemes. But a major issue is that we have little idea empirically on how large […]
Read moreThe Canadian Union of Public Employees released Steven Shrybman’s second assessment of TILMA at this year’s Federation of Canadian Municipalities meeting. His first was for the Ontario Federation of Labour. Alberta-BC trade deal will undermine Municipal authority June 2, 2007 09:38 AM Calgary – A legal opinion produced by Sack Goldblatt Mitchell sheds damaging new light on the recent Alberta-BC Trade, […]
Read moreOver the last little while, some of my compadres here at Relentlessly Progressive Economics have intuited and sometimes even insisted that while Stéphane Dion’s socially liberal bona fides are not in question, his economic policy proposals place him well to the right of centre. Well, now we have proof from none other than Mr. Dion himself. Witness (see below), for […]
Read moreAt this year’s Canadian Economics Association meetings, the Progressive Economics Forum was thrilled to have James Galbraith come to inaugurate the John Kenneth Galbraith Prize and Lecture, to be given biannually, with the first Prize awarded next year at the CEA meetings in Vancouver, which will also be the tenth anniversary of the PEF. Here is the text of the […]
Read moreThe following op-ed, which is printed in today’s Vancouver Sun, picks up some key themes from this blog:   Subsidizing the transfer of jobs abroad Vancouver Sun Monday, June 4, 2007 Page: A7 Section: Editorial Byline: Erin Weir Source: Special to the Sun At a time when Kitimat and many other Canadian communities are losing manufacturing jobs, why would […]
Read moreAn article on the end of militant anti-globalization protests may seem odd given what happened at the G-8 meetings, but the following piece is interesting nonetheless: IMAGES Julie Oliver, the Ottawa Citizen Police in riot gear move up Elgin Street during the 2001 protest at the G20 summit. Taking it off the streets; Where did the anti-globalization movement go? In […]
Read moreWhile we’re all breathlessly awaiting the federal government’s long-promised revisions to the Copyright Act, interested parties may want to check out Bill C-47, the federal government’s proposed legislation to grant extra special intellectual property right protection for the Olympic movement and its related symbols. For a summary of the legislation, check out the Library of Parliament’s legislative summary, kindly referenced […]
Read moreThe Independent’s take on Zoellick as new World Bank kingpin: Goldman Sachs marches on with Bush’s candidate for World Bank By Leonard Doyle in Washington Published: 31 May 2007 … Mr Zoellick, 53, is a senior executive of Goldman Sachs, who until recently was the deputy US Secretary of State. Before that he was the US trade representative, where […]
Read moreIn this month’s Fraser Forum, Robert Knox attacks the critics of TILMA. Knox, who was one of the folks leading the charge for the Agreement on Internal Trade, mostly takes aim at legal interpretations by Ellen Gould and Steven Shrybman that contemplate areas where TILMA’s broad scope could lead to perverse rulings by trade panels. His counter-argument goes something like […]
Read moreA torrent of discussion in response to Hip Heterodoxy (blogged here) has come up at TPM cafe. The full discussion page, which includes posts by Paul Krugman, Mark Thoma, Max Sawicky and others, can be viewed here. For RPE, I will stick to the self-interest of the PEF, and include only James Galbraith, who is telegraphing, I’m sure, some remarks […]
Read moreArun DuBois signing in after a long absence. I’m breaking radio silence because (a) I suddenly have a bit more free time (how do the rest of you do it? You folks are machines!); and (b) my righteous indignation has been stoked to full throttle this week after reading one too many Globe and Mail story quoting seemingly disinterested financial-sector […]
Read moreMay 29, 2007 OTTAWA – The leaders of Canada’s most important unions and of all the provincial and territorial federations of labour, meeting in Ottawa today as the Executive Council of the Canadian Labour Congress, adopted and issued the following statement: “The soaring Canadian dollar is one of the major factors behind the loss of 250,000 reasonably well-paid manufacturing jobs […]
Read moreFresh off of getting cut off mid-presentation by an uptight Conservative, who we discovered later was only following orders, Gord Laxer makes his case: Easterners could freeze in the dark GORDON LAXER … while Canada, as part of our bilateral Security and Prosperity Partnership initiative, supports U.S. efforts to wean itself off Middle Eastern oil, I noted that we do […]
Read moreAsks David Crane in today’s Toronto Star. Between the lines I read that the feds need to stop listening to whining corporate elites, whose cries inevitably come back to tax cuts, deregulation, more “free trade” (investor rights) deals and reduced public services as the means to “competitiveness”. Crane suggests a federal approach based on a little thing we used to […]
Read moreIn today’s column, Andrew Coyne examines the Conservative government’s decision to increase parliamentary representation in line with population growth for Alberta and BC, but not for Ontario. He suggests that this move is designed to appease Quebec, while steering clear of the obvious motive: additional Alberta/BC ridings are far more likely than additional Ontario ridings to elect Conservatives. PS – […]
Read moreToday’s National Post features a stinging reply from Deborah Bourque to Andrew Coyne’s critique of Canada’s postal monopoly. I have no expertise on comparative international postal systems, but the facts outlined by Bourque seem to do serious damage to Coyne’s argument. At this point, the debate appears to pit hard evidence regarding Canada Post’s low cost against anecdotes regarding its […]
Read moreProgressives often present corporate-tax cuts as having transferred billions of dollars from the Canadian government to big business. This characterization is largely correct, but neglects the fact that many foreign-based corporations operating in Canada are also taxed on a worldwide basis by foreign governments. To the extent that corporations in Canada are affiliates of American and Japanese multinationals, Canadian corporate-tax […]
Read moreA week before the Canadian Economics Association meeting, the article in the Nation looks at the plight of heterodox economics south of the border. There are a lot of parallels to Canada, but some differences, too. At the CEA meetings, Progressive Economics Forum sessions have generally been very well attended (we’ll see how this year goes), and the PEF received […]
Read moreA study released by Statistics Canada today concludes that “Immigration has tended to lower wages in both Canada and the United States.” Of course, immigration is but one of many influences on wages and class divisions are of far greater economic significance than any supposed conflict between immigrant and non-immigrant workers. Nevertheless, this issue has the potential to be quite […]
Read moreSachs’ article below suggests that China’s growing influence on the world stage may well signal the end of neoliberalism. That ideological framework of monetarism, liberalization, deregulation and privatization was imposed through structural adjustment programs, mostly in Latin America and Africa, with terrible results. Meanwhile, most Asian countries flouted those policy prescriptions en route to steller economic gains (the 1997-98 Asian […]
Read moreA year ago, I was concerned that the Harper government, in the name of “fixing” the “fiscal imbalance”, would endorse ideas coming from the Canadian Council of Chief Executives and the CD Howe Institute for a radical decentralization of fiscal federalism. This would have entailed eliminating the non-equalization transfers to the provinces (that fund health care, post-secondary education and social […]
Read moreThe Saskatchewan NDP Caucus has just posted an appropriately critical description of TILMA followed by a catalogue of the Saskatchewan Party’s support for this agreement. The Saskatchewan Legislative Assembly will soon begin public consultations on TILMA, but the material posted makes it fairly clear that the governing NDP will not sign the agreement.
Read moreHaving just finished arguing that inequality is an inevitable result of personal marriage decisions, William Watson has declared Canadians the “strike champs” of the OECD in today’s Financial Post. A new British study suggests that labour disputes cost about 200 days per 1,000 workers per year in Canada, which is apparently far more than in most OECD countries. Four thoughts […]
Read moreThe educational homogamy meme has put a burr under my saddle. While I do think it is an important element in understanding inequality trends, what concerns me is the insinuation that this explains most of the rise in inequality, a position taken by Margaret Wente and William Watson to sound off that there is nothing we can do. Guess what? […]
Read moreIt seems pretty simple to me: if you do not want to have to deal with pesky shareholders and all of their questioning your personal use of the company’s private jet and New York condo, take “your company” private. Then you can fill your boots on the company account as much as you want because it is your company. You […]
Read moreLarry O’Brien’s train wreck of a mayoralty, which continues to play out on the Ottawa Citizen’s front pages, is an instructive microcosm of how things might look if the Canadian Taxpayers Federation (CTF) were running a government near you. O’Brien’s Chief of Staff is, of course, Walter Robinson, the CTF’s long-time Federal Director. UPDATE (May 26): Today’s National Post includes […]
Read moreBased on conversations among Canada’s top capitalists (and their heirs), the Conrad Black trial revealed this interesting insider look at their rather incestuous dealings. Much of the article is written around takes on then-PM Chretien, but I find most interesting what this tells us about the real economics of media empires (original here). In the end, Black and Asper turned […]
Read moreHugh Mackenzie’s piece on gas price gouging set off a chain reaction in the mass media. The oil execs were scrambling to come up with any and all excuses to justify their outrageous abuse of market power, and their even more outrageous profits. The lame response essentially boils down to this: it’s just market forces. Indeed, it is just “the […]
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