Canada’s rich and powerful do not fear the media, and they do not have their names in the newspapers (some owned by foreign investment funds) when fined more than a million dollars for a crime much larger than that. FINTRAC won't name bank fined $1.1 million for suspicious transactions?! We are still a banana republic. […] . . . → Read More: Saskboy’s Abandoned Stuff: A Fine Bigger Than Most Crimes – #PanamaPapers
What is #PanamaPapers? Over 2TB of leaked bank communications exposing shell companies and tax avoidance and money laundering by HSBC, UBS, and others. CBC and Toronto Star have the names of the Canadians, but will not be releasing them since they’d face libel suits for doing so without other supporting evidence (and probably even then […] . . . → Read More: Saskboy’s Abandoned Stuff: Wealthy Implicated in #PanamaPapers will not #FeelTheBern
From Woodward and Bernstein to Edward Snowden, breaking stories from the 5th Estate are always exciting. This one is the biggest story yet to blow open millions of files linking dirty money to high-powered officials. After a leak of over 11 million d… . . . → Read More: A Puff of Absurdity: The Panama Papers
Basic income is the idea that people will have enough money to live (food and shelter) regardless of their employment status. Manitoba tried this decades ago and it worked, but was cancelled for political reasons. A basic income is needed now more than ever since robots are going to take all the jobs. Plus, inequality […]
The post Ontario to Test Basic Income appeared first on Things Are Good.
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Bitcoin, Dogecoin, and other digital currencies are shaking up how the internet thinks about money. In turn, this has forced countries and large institutions to rethink how money works and who claims to have control over it. Perhaps it’s time for the decentralized blockchain-systems to replaced by a robot-controlled centrally-backed system. Or, at the very […]
The post A Way to Think About Digital Currency Replacing Cash appeared first on Things Are Good.
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Amazingly, there are people who think that environmental protection will cause economic calamity (bankers seem to be good at causing economic collapse all on their own). This old way of thinking still impacts policy and other decisions made around the world. In order to put this archaic notion away, the Cynthia and George Mitchell Foundation’s […]
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Modern capitalism as informed us that greed is good and we should only work for money. However, if your goal is to live life then working might not be the best use of your time. If you’re looking to be happy in your life then you should definitely value your time over how much money […]
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… and people fucking hate poetry. It’s a line from the excellent film The Big Short, which is brought to us by Adam McKay, the director known for goofball comedies like Anchorman and Step-Brothers. But it’s nothing like that. At all. It’s listed o… . . . → Read More: A Puff of Absurdity: Truth is Like Poetry
There are dueling petitions out to continue (which curiously disappeared) and stop statues of all 22 prime ministers being planted on the grounds of Wilfrid Laurier University, my old school that I loved all to bits. I wrote about this statue project on its inception two years ago. The statues were originally to be set up at Victoria Park, but a survey of our citizens showed 79% rejected the idea. This debate has made news at The Star, The National Post, and The Globe and Mail, where one professor noted,
“Parliament wants to encourage the participation of (Read more…)
Off-grid, self-reliant living is a rapidly growing phenomenon and popular movement – so popular that there is now a cable TV show devoted to it, called something like, Off-Grid House Hunters, on HGTV. It only makes sense. Cut your expenses and improve your quality of life, while lowering stress and saving the planet? Of course! […]
CNN’s own polls show Bernie Sanders won the Democratic presidential debate last night, Tuesday, October 13, 2015, hands down. When CNN polled, and asked “Who won the debate?” 83% of people said Bernie Sanders. 83%. Yet, CNN headlines are splashing the big, bold message, Hillary wins debate by landslide. Can the media be any more […]
These videos are from the second day of the Shared Knowledge Conference at the Core Ritchie Centre, the second weekend of June.
Jim Elliott with many interesting (and terrifying) facts about Regina’s watershed system.
We are on the Plaza @MarketRegina today. Find us beside @TrogiFoods #honey #salsa pic.twitter.com/wGd2bYiBVB
— Zee-Bee Honey® (@_zeebeehoney_) June 24, 2015
James and Brooke of Sound Solar Systems:
Next, I presented on Bitcoin and alternate currencies being used to build alternate economies apart from the monetary systems provided by governments.
Dan B. of Tradebank Regina
Lindsay H. wraps up with what’s in store for (Read more…)
. . . → Read More: Saskboy’s Abandoned Stuff: Shared Knowledge Conference – Regina
Capitalism favours the wealthy and what we have seen this entire millennium is that this is more true than ever. Inequality is on the rise pretty much everywhere, and this is a problem. In this TED Talk, Paul Tudor Jones II, examines the current problematic state of capitalism and how we can rethink it.
Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society. (Read more…)
The financial sector is like a hydra and we need to get it under control. The bad news is that bankers have been able to get away with some unethical practices for the last decade or so. The good news is that finally American politicians are taking notice of this and are talking about what to do.
This discourse is needed now while the banks are stable to try to ensure that the their crazy actions don’t lead to yet another financial boondoggle.
Yes, the banks are back. As the New York Times’s Neil Irwin reported, employment has returned (Read more…)
I went to see Chris Hedges speak last night. His words brought forth a mix of devastation and elation, with some in the congregation compelled to applaud after every few sentences. He’s a brilliant storyteller, and I could have listened to him all night. It went far too quickly.
I had a chance to speak with him in the time it took him to sign my well-annotated copy of Empire of Illusion and my brand spankin’ Wages of Rebellion, and I regret not buying all of his offering in order to extend our conversation. My voice actually shook a (Read more…)
It turns out that people born after 1980 care more about investing in companies that make the world better than investing in companies that don’t. Traditionally investors were told to only care about one thing: profit. Younger investors have seen that way of thinking not work out given the ongoing lame economic performance of that attitude and the environmental destruction it wrought.
It’s good to see money going to places that can make the world a better place.
Another reason why it’s anticipated that Millennials could increase demand for impact investing is they indicate less interest in traditional style equity (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…)
Following up my blog post of 4 years ago about Harper’s tax break for the wealthy are stories on CBC and elsewhere regarding the TFSA folly. The increase benefits only ~39% of Canadians who’ve managed to open such a savings account.
“Harper pledges to double tax-free savings limits – but not till deficit is beat” And you have to give him credit, he’s going to be right. Because he won’t be in office when the deficit is beat, a Conservative government doesn’t know how to go out of deficit (history shows they only go into them).
“TFSA limit could (Read more…)
CANADALAND's investigation of @AmandaLang_CBC , by @sdbcraig , is now online: http://t.co/W7s8XUoX03 pic.twitter.com/FL23x8af34
— Jesse Brown (@JesseBrown) January 12, 2015
It’s been brewing for Lang for quite some months now.
Another Code Red crisis for CBC MT @JesseBrown CANADALAND investigation of @AmandaLang_CBC by @sdbcraig now online: http://t.co/Aj3IsE6mb1
— Chris Selley (@cselley) January 12, 2015
@ChuckTCBC @sdbcraig @CNDLND @JesseBrown @AmandaLang_CBC untrue like this? https://t.co/1zjFhZJs3T
— mvsyyz (@mvsyyz) January 12, 2015
.@JesseBrown @sdbcraig False & misleading to characterize these interviews as favourable, same tone and style as all her others over 15 yrs.
— Chuck Thompson (@ChuckTCBC) (Read more…)
. . . → Read More: Saskboy’s Abandoned Stuff: Lang Should Be Fired Or Suspended
I watched Robert Reich’s film last summer on a camping trip. I woke up in the middle of a pitch-dark night and couldn’t fall back asleep. I tried a movie on my phone to lull me into a coma, but this was the wrong one to choose.
Reich’s film clearly explains how we’ve gotten into this economic pickle, and he offers solutions to get ourselves out. Here’s the film (90 minutes), followed by my synopsis. It’s about the U.S., but much of it applies to Canada as well, so I use “we” throughout.
The (corporate controlled) media has (Read more…)
The employment climate for many students and graduates has been a difficult terrain to not only navigate but also survive. And slavery masked under labels of ‘apprentice’ or ‘intern’ only make it worse.
Infographic: The 99% vs. The 1%, http://www.policyalternatives.ca
Bogged down with insurmountable student debts, and often forced to take remedial positions to make ends meet, many of this educated generation are enticed by intern or apprentice programs – hoping that their volunteered time could break them into their fields, making them some real money. However, with the rising cost of living most are unable to dedicate (Read more…)
Exaggeration has always been part of story telling, particularly of days long past. My father would grumble of ‘kids these days’ not knowing real difficulty if it bit them in the ‘tukus’ in an attempt to teach me a life lesson.
A favorite anecdote of his was him having to walk some ten miles to school through a twenty foot snow drift with no shoes over broken glass – a doubtful scenario, but effective nonetheless. My in-laws once disclosed that when they graduated from university in the 1960s’, they were immediately offered a job in their fields. Both of these (Read more…)
I feel like I don’t have to read this one with all the press it’s getting. Maybe next summer. This is the gist I’ve gotten so far:
Michael Rozworski wrote a piece about it recently. In brief: the basic thesis of the book is that capitalism has a tendency towards the concentration of wealth in few hands. And there’s a discrimination inherent in the system that ensures whites are better able to make it at least into the middle.
In Canada right now, our distribution looks like this: * the top 10% owns 58.2% of the wealth, up (Read more…)
Something made me very angry today. I read an editorial in one of my local newspapers (The Northern Life). The editorial is defending one of the reporters against accusations made on an anonymous website that calls itself “wikileaks Sudbury.” Wikileaks Sudbury makes me very, very angry.
The Wikileaks article lacks anything convincing. Does it say anything beyond that we should take the anonymous person’s interpretation (what the blog wants to call a “lengthy investigation of many reports”) as so-called proof that Darren MacDonald is the on the city’s payroll? Where are the details? The point-by-point analysis (Read more…)
Millennials are savvy investors who care about the planet and social justice. Previous generations have treated their investments as risky and didn’t care about the environment or other important issues. Some financial advisors are shocked to find out that not only are young investors interested in creating a better world, but that they are risk-adverse due to the economic disasters previous generations created.
The financial advisers at British firm deVere Group recently surveyed baby boomer, Generation X and millennial investors to get a sense of their priorities. The group discovered that while all three were scared away from risk by (Read more…)