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in his own words

Fight like the Greeks

After months of proclaiming all was good in the Canadian economy, Finance Minister Jim Flaherty announced at the start of October that "boom times are over."

The Harper government has spent the past two years arguing that Canada was a model for escaping the depth of the recession that has hit Europe and the U.S. so hard.

Now the Tories, after claiming that they had steered Canada through a recession, are speculating that they might have to continue stimulus funding to keep the economy from sinking.

But the talk of a robust recovery conceals the reality of what workers in Canada have already suffered through for the past several years.

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Columnists

What CETA would mean for Canada's auto industry

Canadian free trade negotiators are going all-out to get a deal with the EU on a new free trade agreement. The Harper government wants a deal badly for largely symbolic and ideological purposes, to show that the free trade agenda is back on track under this "stable majority government." Many valid concerns have been raised about the implications of a deal on pharmaceutical costs, on public procurement, and more. What would a Canada-EU deal mean for the auto industry? Here are a few summary points:

- Canada's auto industry would be especially hard hit by a free trade deal with Europe.

- Europe sells billions of dollars of auto products in Canada, but buys virtually nothing back from the Canadian auto industry.

Columnists

Profile of displaced workers

There's an interesting new research report from Statistics Canada, by Ping Ching Winnie Chan, Rene Morissette, and Marc Frenette, profiling the workers who were displaced in the recent recession, and comparing the outcomes to previous recessions in earlier decades (the downturns of the early 1980s and 1990s). Workers Laid Off During the Last Three Recessions is part of StatsCan's Analytical Studies series.

I haven't been through the report in detail and can't comment on the methodology, but here are some of the interesting (and often surprising) findings:

Use university research to increase manufacturing jobs

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Hewers of wood, drawers of water, peddlers of power

| November 4, 2009
rabble news

Are EU trade talks behind the pressure to end local procurement?

Judging by all the recent hype about “Buy America,” you’d think Canada had suddenly been devastated by some horrible natural disaster.

As if out of nowhere, “Buy America” provisions in the U.S. stimulus Bill are suddenly at the top of the policy agenda for the Harper government, the Premiers and the Federation of Canadian Municipalities. It matters little that the U.S. government has had “Buy America” laws in place since 1933.

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rabble news

Grand Theft Auto: How Stevie the Rat bankrupted GM

Screw the autoworkers. They may be crying about General Motors' bankruptcy today.  But dumping 40,000 of the last 60,000 union jobs into a mass grave won't spoil Jamie Dimon's day.

Dimon is the CEO of JP Morgan Chase bank.  While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders -- led by  Morgan and Citibank -- expect to get back 100 per cent of their loans to GM, a stunning $6  billion.

The way these banks are getting their $6 billion bonanza is stone cold illegal.

I smell a rat.

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Columnists

New job numbers reveal innovative Canadians

Canadians are taking the recession into our own hands, and we have the employment numbers to prove it. Have we hit bottom? Not necessarily, but, hey, we the people aren't using this time of economic stagnation to stand still and do nothing.


That's the poetry of the new job numbers for April that came out last week.


The surprising tally shows that instead of declining, the number of jobs rose by 35,900 last month, despite constant news of layoffs both threatened and real.

Columnists

The real pandemic is economic, with no vaccine

I got a chuckle from Margaret Wente's saying yesterday that the pandemic story exploded in the mass (or mass hysteria) media because it was time to change the subject from the economy. Then I gasped: OMG -- what if it shifted not from tedium but paralysis? Right now, there's far more reason to panic about the economy than over a new flu. This recession emerged from a recent strain that's mutating, contagious and has no known cure. What if EGD (economic globalization disease) is the real pandemic?

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