A Best-of-the-Net video from The Real News Network: New study refutes Reinhart and Rogoff analysis that underpins austerity policy around the world; shows no relation between debt and lack of growth.
Fellow Canadians, have you eaten today?
If you did -- and even, or especially, if you didn't for lack of physical or economic access to food -- you should know that behind closed doors sits a group of industry leaders claiming to be non-partisan, objective, independent and representative. They are hammering out a national food strategy for Canada.
One of the champions of Canada's right-wing corporate elite is finally calling it quits.
Gwyn Morgan, 66, is stepping down in May as Board Chairman of SNC-Lavalin, the troubled, giant engineering and construction firm trying to survive a series of scandals, a lack of public confidence, and fluctuating share values.
Morgan, one of the country's most prolific advocates of extreme neoliberalsm, has been in the hot seat during the greatest series of scandals ever at a Canadian company.
Related rabble.ca story:
Sunday's revelation that the Royal Bank of Canada (RBC) will be bringing in "temporary guest workers" to replace some of its Canadian employees captured headlines, sparking outrage and surprise, and leading many to threaten a bank boycott and move their accounts elsewhere.
The outrage is certainly understandable -- as one would think that RBC, with its more than $2 billion in first quarter profits, could afford to retain these workers -- but the surprise isn't.
It is never pleasant to hear about somebody's death, but it can be redemptive. Contemplating their legacy forces you to contemplate what will some day be your own. It begs the question: for what do you want to be remembered?
I hope to leave the people I've known with the conviction that they have both the power and the responsibility to make the world a better place for everybody in it. The exact opposite, in other words, of the legacy left by Margaret Thatcher who swept to power with the seductive but corrosive notion that greed is a virtue and not a vice.
A recent report published by the Canadian Centre for Policy Alternatives, written by economists Trish Hennessy and Jim Stanford, slams the Ontario government's austerity budgets and breaks down how far from solving the province's economic woes -- budget cuts actually exacerbate them.
The report, aptly titled 'More harm than good: Austerity's impact in Ontario,' deconstructs how the much-touted Drummond report manufactured a projected $30 billion deficit out of what even the Liberal government now says is a much smaller $11.9 billion shortfall.