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Michal Rozworski: Why #COP21 won’t deliver the deal we need: Interview with Oscar Reyes

Last week, I interviewed Oscar Reyes on the background to and likely outcomes of the climate talks in Paris just wrapping up. His answers were prescient as the talks look set to deliver a decidedly insufficient agreement, one that locks in more warming shrouded in lofty rhetoric. This interview gives context to the talks and the […] . . . → Read More: Michal Rozworski: Why #COP21 won’t deliver the deal we need: Interview with Oscar Reyes

Political Eh-conomy: Bay St. isn’t back, it never left

The New York Times reports that Wall St. is back in a big way since the 2007 crisis: profits, salaries and confidence have returned in the US financial industry. As often happens when I see something intriguing like this about the US, I wanted to quickly see whether a similar dynamic is taking place in . . . → Read More: Political Eh-conomy: Bay St. isn’t back, it never left

Babel-on-the-Bay: We’ve been goosed by Uncle Joe.

Once more the Canadian parliament has been downplayed by the Harper Conservatives. Even as simple an announcement as the date of bringing down the next budget is moved away from Ottawa. It was moved to a Toronto factory where people toil at sewing machines, assembling winter jackets for a garment company.

The company is known . . . → Read More: Babel-on-the-Bay: We’ve been goosed by Uncle Joe.

atypicalalbertan.ca: Flat Tax Math Yields a T-Bird

Here’s some interesting math for you.

Between 2011 and 2014, Alberta Premier Jim Prentice was a Vice-President for CIBC, with a salary “reportedly over $2 million.”

In Ontario, his 2013 provincial income taxes would have been calculated using a progressively increasing tax rate that topped out at 13.16% on income over $509,000. The provincial tax . . . → Read More: atypicalalbertan.ca: Flat Tax Math Yields a T-Bird

atypicalalbertan: FLAT TAX MATH YIELDS A T-BIRD

Here’s some interesting math for you. Between 2011 and 2014, Alberta Premier Jim Prentice was a Vice-President for CIBC, with a salary “reportedly over $2 million.” In Ontario, his 2013 provincial income taxes would have been calculated using a progressively increasing tax rate that topped out at 13.16% on income over $509,000. The provincial tax deducted from his … Continue reading FLAT TAX MATH YIELDS A T-BIRD . . . → Read More: atypicalalbertan: FLAT TAX MATH YIELDS A T-BIRD

atypicalalbertan.ca: 9 ways Alberta should manage resources better

Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be revised. . . . → Read More: atypicalalbertan.ca: 9 ways Alberta should manage resources better

atypicalalbertan: 9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER

Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be revised. The reason of course … Continue reading 9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER . . . → Read More: atypicalalbertan: 9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER

THE CANADIAN PROGRESSIVE: WikiLeaks Publishes Secret Global Trade Agreement

by: WikiLeaks | June 19, 2014

Whistleblowing website WikiLeaks has published the a secret draft text of the World Trade Agreement’s Trade in Services Agreement (TISA) Financial Services Annex, which aims to “further deregulate global financial services markets.” According to the draft, Canada is among the 50 countries that are part to the negotiations.

From . . . → Read More: THE CANADIAN PROGRESSIVE: WikiLeaks Publishes Secret Global Trade Agreement

Parchment in the Fire: Banks save over €40 billion in capital thanks to government decree | In English | EL PAÍS

http://elpais.com/elpais/2014/04/24/inenglish/1398330641_511126.html

Filed under: Uncategorized Tagged: Eurozone Crisis, finance, neoliberalism, Spain

. . . → Read More: Parchment in the Fire: Banks save over €40 billion in capital thanks to government decree | In English | EL PAÍS

The Scott Ross: Flaherty’s Curtain

Jim Flaherty was unethical, incompetent and he should have been fired. Those aren’t my words, they’re Thomas Mulcair’s, spoken just last year in Question Period. Yet after the former Finance Minister’s death, Mulcair has called him a good man and a gre… . . . → Read More: The Scott Ross: Flaherty’s Curtain

The Scott Ross: Flaherty’s Curtain

Jim Flaherty was unethical, incompetent and he should have been fired. Those aren’t my words, they’re Thomas Mulcair’s, spoken just last year in Question Period. Yet after the former Finance Minister’s death, Mulcair has called him a good man and a great public servant.

There’s no doubt that the NDP Leader genuinely mourns the . . . → Read More: The Scott Ross: Flaherty’s Curtain

Political Eh-conomy: Whose efficiency? what efficiency?

Efficiency is formidable. It rears its head most everywhere. Witness the tyranny of the target at more and more workplaces: from more greets per hour to more exam points per teacher. At the same time, efficiency also nurtures increasing tyrannies at home: get fit in 12 minutes per day instead of 15…but don’t waste those . . . → Read More: Political Eh-conomy: Whose efficiency? what efficiency?

The Right-Wing Observer: Now what is Harper hiding?

Why so much secrecy today in Ottawa?

Joe Oliver’s name was all over Twitter last night. Everybody knew who was being sworn in as the new Minister of Finance. It was purely symbolic. Harper should have seen this an easy opportunity to spite his haters and demonstrate his ‘transparency’.

It should have been painless for . . . → Read More: The Right-Wing Observer: Now what is Harper hiding?

Political Eh-conomy: Public owners need public aims: BDC and the unrealized potential of socialized finance

I stumbled upon a presentation released by the Business Development Bank of Canada (BDC) yesterday. The presentation outlined strategies for companies to integrate ethical and environmental concerns raised by consumers. In many ways, this is nothing new. The distance between this rather tepid advice and the actual needs of facing our economy and our planet . . . → Read More: Political Eh-conomy: Public owners need public aims: BDC and the unrealized potential of socialized finance

Political Eh-conomy: Political Eh-conomy Radio: In and out of crisis with Sam Gindin

Today’s podcast is a feature interview with fellow political economist Sam Gindin. I interrogate Sam about the political economy of the present: the exit from the 2007 crisis, the role of states, austerity, the place of finance and the possibilities of resistance.

Download: podcast-140314-sam-gindin.mp3

Sam Gindin is a left political economist with . . . → Read More: Political Eh-conomy: Political Eh-conomy Radio: In and out of crisis with Sam Gindin

Political Eh-conomy: Political Eh-conomy Radio: Postal banking

Introducing the Political Eh-conomy Radio podcast, a new podcast on economic issues in Canada and beyond. The inaugural episode tackles postal banking: why cut valuable services and jobs at Canada Post when it is instead possible to create financial services run by the post office, at the same ensuring the Post’s future sustainability? Canada Post . . . → Read More: Political Eh-conomy: Political Eh-conomy Radio: Postal banking

Political Eh-conomy: Myths of central banking

The Bank of Canada has been in the news lately – or, more precisely, the news has been full of other well-placed people telling our central bankers what to do. In an interview on CTV this past weekend, Jim Flaherty made comments (later retracted) that Canada’s central bank will be pressured to raise interest rates . . . → Read More: Political Eh-conomy: Myths of central banking

Political Eh-conomy: Transformations in profit and possibilities of resistance: A reply to Sam Gindin

Several weeks ago, I published a series of blog posts on profitability and investment in Canada since the financial crisis of 2007-8. These were republished as a single long article on Socialist Project and given the title, “Canada’s Profitability and Stagnation Puzzle”. Since them, Sam Gindin has published a reply to my piece, “Puzzle or . . . → Read More: Political Eh-conomy: Transformations in profit and possibilities of resistance: A reply to Sam Gindin

Parchment in the Fire: Finance’s hold on our everyday life must be broken | Costas Lapavitsas

http://www.theguardian.com/commentisfree/2014/jan/01/finance-hold-everyday-life-broken-capitalism

Filed under: Uncategorized Tagged: Austerity, Capitalism, crisis, finance

. . . → Read More: Parchment in the Fire: Finance’s hold on our everyday life must be broken | Costas Lapavitsas

Writings of J. Todd Ring: The rise of Bitcoin: and the challenge to the global domination of big money

The following article was written on October 25. I wanted to read it over once more before publishing it, then got busy with other things and forgot about it. In the roughly six weeks that have passed since the writing of this article, the Bitcoin prices have gone from roughly $200 to over $700. There . . . → Read More: Writings of J. Todd Ring: The rise of Bitcoin: and the challenge to the global domination of big money

Melissa Fong: Why Bitcoins aren’t going anywhere: Drugs and Coffee

Bitcoin is going nowhere. I promise you that it won’t and I’m positive that I won’t be eating my words at a later date.

I’m going to tell you why: 1) Drugs and 2) Coffee:….

atypicalalbertan.ca: Saving for a rainy day

The tragedy of recent historic flooding in Southern Alberta has had a profound impact on us. As an Edmontonian who spends a good deal of time in Calgary, my heart goes out to those who have been affected. Encouragingly, the Alberta spirit lives on and Calgarians will demonstrate resiliency as the rest of us demonstrate . . . → Read More: atypicalalbertan.ca: Saving for a rainy day

Art Threat: The Art & Money Project

It’s no secret that money rules our lives.

I think what we’re now seeing is really the final and most ruthless stage of the integration of art and creativity into the capitalist market or, in other words, the final stages of art’s subordination to money.

But I think that almost all other ways of justifying . . . → Read More: Art Threat: The Art & Money Project

The Canadian Progressive: Avoid Austerity: Keep Newfoundland and Labrador’s economy strong, says report

By: Canadian Centre for Policy Alternatives | Press Release: St. John’s, NL – At a time when global austerity measures are causing profound hardship among populations and are proving harmful to their economies, a report by the Canadian Centre for Policy Alternatives (CCPA) says public spending cuts could deeply damage Newfoundland and Labrador’s […]

The . . . → Read More: The Canadian Progressive: Avoid Austerity: Keep Newfoundland and Labrador’s economy strong, says report

The Scott Ross: How A Bad Economy Is Not Harper’s Fault

Canada’s economy is set to grow less than the government thought, but it’s not our Prime Minister’s fault.

True under Stephen Harper the World Bank has downgraded Canada from being the 4th most Business Friendly country in 2006 to 17th in 2013, but, as most Conservatives know, businesses have nothing to do with the Canadian . . . → Read More: The Scott Ross: How A Bad Economy Is Not Harper’s Fault