The power of social movements to sweep away ideas solidly embraced by the established order seems to be intuitively grasped by the Occupy Wall Street crowd.
Thanks mostly to the superb campaigning by international development, poverty and environmental activists, there's been remarkable progress in getting Europe to introduce financial transactions taxes.
Both the Governor of the Bank of Canada and the Finance Minister conceded to the House of Commons Finance Committee that the economic outlook is indeed significantly less rosy than they had thought.
Andrew Watt has written an especially cogent piece on why the balanced budget rule proposed for the Euro area by Merkel and Sarkozy is a very, very bad idea.
As the U.S. and Europe turn from stimulus to fiscal austerity, claims are heard that spending cuts actually stimulate economic growth. However there is rarely any such thing as expansionary austerity.
David J. Climenhaga
If you think the budget that seems about to get this government defeated is bad, wait till you see the one the Harper Conservatives have in store if they manage to grasp a majority!
I don't think I have ever recycled a column before but the whole question of tax cuts and all the issues it involves never really changes.
Every five years the Bank Act comes under review in Canada, and 2011 is the next scheduled review. You'd think in the wake of a financial crisis, there would be some important questions to ask.
Instead of improving the Canada Pension Plan, Flaherty's proposal is a sign Canada’s banks and financial institutions have hijacked this important issue. Send Flaherty a message with form in article.
If the federal government adopts an austerity budget in the spring, as all signs suggest Flaherty intends to do, it will slow the economy further, and make things worse for Canadians.