It has been the heart and soul of capitalist market economics since day one—the ultimate justification for an unfair society. If we ensure that the rich get richer, the benefits will trickle down through the economy benefiting all. According to a new and exhaustive study released by the International Monetary Fund (IMF), if this was ever true it isn’t anymore.
The report, Causes and
Enbridge tank farm at “Refinery Row” in Sherwood Park, Alberta (Damien Gillis)
Read this June 10 Calgary Herald story by Stephen Ewart on the Canadian oil industry’s diminished projections for daily production, amidst $50 oil:
Well, there’s a quick 1.1 million barrels a day towards the no-carbon economy.
Day One of the 85-year time frame G7 leaders established this week to phase out carbon fuels by the end of the century saw Canada’s oil industry sharply lower its forecast for production growth over the next 15 years but it has more to do with economics than politics.
“The primary driver is the change to lower (Read more…)
I’m not sure how to say this without being blasted, but I’ll try: I might understand a little piece affecting Rachal Dolezal decision to present as black rather than be a white ally.
I just have one story. It was about ten years ago. I had just finished reading The History of Mary Prince: A West Indian Slave Narrative and was floored by it. I couldn’t believe I had never heard of her before. The story is compelling, and it’s a good length to offer to high school students. I was curious if anyone else had tried teaching it (Read more…)
I read some review somewhere of the first episode of Orange is the New Black on the weekend before I dove into a marathon session of the entire season. It suggested that the reason people like the show is because it actually shows real relationships between real women. The context is divorced from most viewer’s experiences, but the conversations are similar. And we rarely see that elsewhere.
Okay, sure. It’s nice that it’s a show about women, for sure, and the dialogue is fantastic – especially between Big Boo and Pennsatucky. But I don’t relate to it because (Read more…)
Bloomberg graph shows cresting of production at major US shale oil plays
Read this June 9 EcoWatch story by Aanastasia Pantsias on the declining production at the big US shale oil plays.
Since fracking began its boom period in the last decade, its supporters have promoted it as the answer to all of the U.S.’s energy issues. It would free us from dependence on foreign oil, they said, thereby strengthening national security. And in fact, the U.S. has become the world’s largest exporter of fossil fuels, while prices at the gas pump have dropped steeply as fracked oil and gas (Read more…)
CBC is a funny beast now. Along with their story parroting what the latest Canadian Energy Research Initiative report says, is RBC/tarsands shill Amanda Lang staring at you from the sidebar. Also we learn about “Dollarama’s winning formula” of selling Chinese mass produced garbage to Canadians, a “retail success story”, and again with “Amanda Lang takes you inside the world of business.”
Back to the oil train story. Outpacing oil trains apparently are wheat and coal. Coal shouldn’t even be burned anymore, now that we know how deadly and damaging it is. The report makes no mention of the (Read more…)
When I read about the $9 computer on Crash Bang Labs’ Facebook page, I was ready to help kick start that CHIP. But I got to the payment screen when the shipping amount came up. How much could it cost I’d thought to ship a computer smaller than a couple of AA batteries? I braced myself for an exorbitant $5. If I was American, I’d have that somewhat greedy option. No, the over-popular CHIP computer (shipping next year) comes to Canada and most of the world for $20US (19% more than CAD right now)! It’s literally twice as expensive to (Read more…)
Playing around on the internet at lunch today, I came across a couple of interesting databases that confirm, at least visually, that we are a petro-economy. With data on the daily price of West Texas crude from the Federal Reserve Bank of St. Louis (thanks Google!) and daily foreign exchange closing data the following graph shows […]
A tar sands operation in Fort McMurray, Alberta (photo: Chris Krüg)
Read this shocking May 19 story from the EU Observer on a new study by the International Monetary Fund (IMF), which pegs subsidies to the fossil fuel sector at a whopping $5.3 Trillion USD per year.
Around 1.6 million premature deaths would be prevented annually if the world’s governments stopped subsidising fossil fuels, a study by four researchers from the International Monetary Fund found.
The most relative gains could be made in eastern Europe and Turkey, where 60 percent of the people who die as a result (Read more…)
These are the words of Tim Brown, CEO of Nestle Waters, responding when asked if Nestle would decrease the extraction of ground water to supply its California bottling operations. He would increase it if he could. He doesn’t see the historic California drought as anything more than an opportunity – all of those who thirst […]
If the Trans Pacific Partnership is really the biggest game on the planet, why really is it okay to negotiate it in complete secrecy? Secrecy to the point that our elected representatives, who theoretically should have our best interests at heart (heh) can’t even see the thing? Why is it that the only details we […]
And I thought Saskatchewan/Alberta’s oil royalties were too low. I wonder how much we make on salt, compared to Ontario.
I have been placed in a very weird position. This week’s election results in Alberta, in which Rachel Notley handed Jim Prentice an historic electoral slapping, has made me agree, I think for the first time, with something said by Kevin O’Leary, the bloviating former CBC in-house tycoon. In his reaction to Notley’s win, which […]
The steady encroaching of the corporate sector into the decision-making processes of our societies is the greatest threat to twenty-first century democracy. This includes encroachment into academia.
This troubling development was brought to light in the recent Alberta election. The NDP proposed a two per cent increase in the corporate tax rate. Jack Mintz, an esteemed University of Calgary
Here’s a very interesting and instructive blog post about American food waste.
See Stunning Photos of What Rob Greenfield Finds After Dumpster Diving Across America
— EcoWatch (@EcoWatch) April 30, 2015
As my last blog entry on food waste, Rob Greenfield brought the previous link to my attention. Canada’s $31,000,000,000.00/year of wasted food has to change, as does America’s “food waste fiasco“.
Everything you need to know about #FoodWaste in 11 short films. #DonateNotDump http://t.co/cKhZ10jxSx pic.twitter.com/M7qhamxvhq
— Rob Greenfield (@RobJGreenfield) April 22, 2015
Regina lost one of (Read more…)
“I think it has deteriorated into groundless name-calling, and it’s certainly not the strategy that I would take.”—Rachel Notley reflecting on comments made by Jim Prentice and Brian Jean
To hear Jim Prentice and Brian Jean tell it, Rachel Notley’s plan to create a royalty commission and increase corporate taxes to 12% is an anti-free market experiment that will plunge Alberta into economic armageddon.
Once everyone stops hyperventilating we’ll take stock…
Impact (or lack thereof) on Big Oil
On the last day of the spring legislative session, Brian Mason tabled Bill 209 which would create a resource (Read more…)
Neoliberalism is the current way of thinking about the economic state of the world. It’s the thinking that has led to the financialization of nearly everything in the world – think about how we justify our thinking in economic terms and not other terms.
The critiques of the mind-numbing neoliberal approach to thinking are growing and the most recent issue Environmental Education Research examines how neoliberalism is changing how we teach. This is good because we need to move our way of thinking beyond an economics-only framework, the more we critique neoliberalism the better the world we can create.
“Environmental (Read more…)
Acknowledging that an important feature in Saskatoon was constructed by the government, then bragging that construction of a future valued feature (a wind turbine) was avoided by the government instead of an opportunity seized upon, is a repugnant attitude. People like Sandra are not leaving a better world for our children, and Stephen Harper’s grand-daughter.
It's Back To The Future for Harper's granddaughter! #cdnpoli @HarpersGDaughtr pic.twitter.com/9JDdd7EAWB
— Stephen Lautens (@stephenlautens) April 22, 2015
After years of being promised whenever the federal books got balanced, it looks like the next Harper budget is indeed going to double the contribution for Tax Free Savings Accounts. This policy has long been criticized – including by me – for being a policy that disproportionately provides advantages for the rich. Indeed, the number of people capable of putting aside over $10k in savings per year while working are fairly limited. Today in parliament, Finance Minister Joe Oliver has hit back against these criticisms, effectively pointing out that there is another big group of people who are already (Read more…)
“There is no fortress so strong that money cannot take it.” — Cicero
On Mar 24, 2015 Jim Prentice sent Albertans a message of such heartless cynicism that only the most naïve amongst us would fail to understand.
Here’s what Jim Prentice’s Budget 2015* told Albertans.
Corporations matter, you don’t
When asked why the government did not raise corporate taxes, Finance Minister Robin Campbell replied “The corporate sector is going to do their part, but we have to do our part also.”**
This is utter nonsense.
Mr Campbell looking somber
The corporate sector did its part (Read more…)
It's probably nothing: Foreign Minister John Baird lobbied by Barrick Gold Corp. pic.twitter.com/drIUEvtQKB
— Glen McGregor (@glen_mcgregor) March 30, 2015
It’s not easy for a long-time politician to leave public life, even if they have a golden parachute.
Being a graduate student is in some sense in the middle of two extremes: being a student primarily benefiting oneself and being a paid worker benefiting society. Before graduate studies, one is an undergraduate where nobody would expect to be paid to be an undergraduate. After graduate studies, one is (hopefully) going to be paid a paid a sum commensurate with the skill the knowledge accrued during graduate studies and be doing work that, by and large, can be said to “benefit society”. During graduate studies, however it is somewhere in between. Graduate students are both benefiting themselves by increasing their future potential (Read more…)
Okay, that’s my take on his headline. Unlike him, I am morally and contractually bound not to repeat the enemy’s framing. At least in a headline. But apart from that Babad’s commentary in the Globe today is just about right. It’s a critique of a CFIB study complaining about how much harder life is for … Continue reading Canada’s public sector keeps private sector pain at bay: Michael Babad in the Globe →
Greg is making a good point in his latest column, but I had to throw in a Green campaign slogan into the title in good fun. The bottom line really is that the Sask Party is propping up the dying fossil fuels industry, while calls to divest from it are coming from around the world. There’s no stopping this change (for the better).
While the Saskatchewan Party remains bent on thinking small, any reasonable look at the world around us suggests it’s long past time for a big change in direction. And if if this year’s budget again fails (Read more…)
.@TDellerCBC I'd have to agree with the FSIN leader that @PremierBradWall took a pot shot at leaders' pay, rather than offering to help.
— John Klein (@JohnKleinRegina) March 4, 2015
The Premier said:
“It underscores the need for leadership at the local level, including — and let’s be clear — including on the part of chiefs and council,” he said.
“We also saw a report on the fact that chiefs and council in this province and right across the country get paid, as they should, for their services and some of them get paid a lot. You know, (Read more…)