People shop at HomeSense in Toronto, Ont., on May 30, 2020, as stores begin to reopen during the COVID-19 pandemic.
A “normal” recession usually features a reduction in what economists call aggregate demand. Business investment in plant and equipment, and household consumption of things like autos and appliances, fall sharply. Employment losses are spread across many sectors but only a small fraction of the labour force ends up losing their jobs.
But this is just the opening act. No one is predicting that the virus will be finished with us soon. Governments have to begin shifting from the immediate crisis response to their longer-run policy program. What should that look like? But the amount of capital being destroyed by the virus today is so large that it threatens the survival of whole sectors of the economy.
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Opinion: Why Canada needs to accelerate its digital maturityTo drive us to the next level, governments should look to work with various providers across the country to make 5G a reality globebusiness Nah globebusiness In your foolish opinion, though. It really makes no sense but is something to write about, I guess. I do the same oft times. globebusiness Hopeful you have a better plan than Huawei
Source: globeandmail - 🏆 5. / 92 Read more »
Trudeau's daily update: 'We can't pretend that racism doesn't exist' in Canada (Full transcript) - Macleans.caIn his June 1 briefing to Canadians from his home in Ottawa, the PM told young Black Canadians that he is 'listening and that your government will always stand with you.' He also announced funding for cities. acoyne acoyne Why not mail out credit cards with monthly credit limits of say, $3,000
Source: macleans - 🏆 19. / 71 Read more »
How Canada has bungled the COVID-19 endgame - Macleans.caAmir Attaran: Canada is mismanaging its most significant peacetime crisis in a century and the seeds of our failure are everywhere. Here are four things that must change. If Attaran has some solutions to provincialism I'd like to hear them. Yes, we need a National healthcare system. Yes, we need more coordinated national systems. But I don't see the Provinces giving up control any time soon. Quite the opposite. ON, AB and PQ are digging in. Why do you publish garbage? PM Trudeau may not be perfect but he's light years ahead of anything the other parties would do. We should be grateful he is our PM. Bungled? Where in the world would you rather be living right now?
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John Ivison: How Canada can resist China’s intimidation by teaming up with like-minded alliesCanadian academic Stephen Nagy told MPs that Canada needs to think seriously about enhanced co-operation with other middle powers when dealing with China, and that they should collectively lobby th… We have none Fuck China How about US intimidation on NordStream 2 amongst a myriad of other examples? Wonder what the Turks would have to say.
Source: nationalpost - 🏆 10. / 80 Read more »
Canada Revenue Agency opens up snitch line to information about federal COVID-19 aid program fraudThe agency says it’s looking for information regarding people who are receiving either CERB or CESB who are ineligible, or businesses or charities that are ‘misusing’ the wage subsidy p… Who do we call about SNLlavalin ? Can you someone explain the gap between the Feds data of 5.5M of unemployed/reduced work hours people who were/are eligible for CERB and the 8.3M who were actually paid the CERB, is the gap of 2.8M FRAUD This equates to an extra $22.4B Start with Trudeau
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Political leaders take aim at racism in Canada as protests rage in U.S.Trudeau condemned those who ‘took advantage of these peaceful protests to do significant damage to communities and stores as we saw in Montreal,’ saying they did not represent the majority globepolitics globepolitics IndigenousHistoryMonth globepolitics
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