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Using public credit to benefit everyone

Photo: pointsdevue/Flickr
We need enough people like the striking Quebec students ready to fight for a better future for all.

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New Brunswick has a fiscal mal de ventre

We've become regrettably disconnected from one another here in the Maritime provinces. For example, in Nova Scotia the only thing we seem to know about New Brunswick these days is that prices are cheaper over the border, causing embarrassment for the Nova Scotia government.

Gas stations and other businesses are wobbling and closing in the Amherst area because people are flocking to New Brunswick to gas up and buy stuff. Business people complain, with the accusation that Nova Scotia's taxes are too high.


Private sector is not helping economic recovery

Tepid GDP numbers released Tuesday by Statistics Canada confirm that Canada's economic recovery, such as it was, is sliding completely into the ditch. We're clearly heading for stagnation at best, and quite possibly another "double dip" downturn.

The headline number was disappointing, to say the least. Real GDP grew only 2 per cent (annualized) in the spring quarter. That's just a hair faster than the U.S. economy (which everyone knows is still deeply in the soup). Two per cent doesn't keep up with population and productivity -- implying higher unemployment ahead, not lower. Typically, at this stage of recovery, the economy should be growing three times faster.


Financial priorities need to change for G8/G20

The world economy is mis-functioning. The whole world is sending money to the richest country, the U.S., to feed its consumption habits. While Germany, Japan, China, and the oil exporters are in a surplus position, the rest of the world is in deficit. This is a serious problem because, unlike the U.S., other deficit countries cannot settle their accounts by printing their own money.

Wealth inequality: Going from bad to (net) worth

| February 27, 2014

Understand and Deal with Debt


This “Debt Resistors Operations Manual” is a very comprehensive look at debt in the United States and how to emerge from being “crushed under the weight of debt.” It is a great tool for anyone in debt to gain a better understanding of systems and ways to break out of a life full of debt.

Written by an “anonymous collective of resistors, defaulters and allies from Strike Debt and Occupy Wall Street,” this manual includes explanation on and suggestions to deal with each of the following financial situations:

-Credit card debt

-Medical debt

-Student debt

-Housing debt

-Credit scores/ranking

-Debt collection




We have nothing to fear (from debt) except fear (of debt) itself

Photo: Stephen Little/flickr

The U.S. federal government has been paralyzed for two weeks by a lack of budget spending authority, with hundreds of thousands of federal employees off the job. And that's just the immediate economic fallout from a political showdown over whether the U.S. government will be allowed to borrow beyond its current $16.7 trillion (U.S.) debt ceiling. Without that authorization, many more government operations would cease immediately, and the U.S. would likely default on some of its existing debt. Perhaps most painful of all, even the best-case outcome to this week's drama seems to be a compromise that would permit four months' additional borrowing -- merely setting the stage for another showdown in February.

The Trouble With Billionaires - Democracry, Government and the 1%

Wednesday, May 29, 2013 - 1:00pm - 3:00pm


Toronto City Hall - Council Chamber
100 Queen Street West @ Nathan Philips Square
Toronto, ON
43° 39' 11.6136" N, 79° 22' 59.4624" W

Starting with the 2008 financial meltdown,  then bank bailouts,  government deficits,  out-sourcing,  factory shutdowns,  high unemployment,  record  high household and student debt,  then the Euro-debt crisis, and now government austerity programs with cutbacks in Federal and Provincial budgets to public services  and social programs  including pensions, drug benefits and Medicare  - - - -                   it’s still the “Great Recession” and …

The Trouble With Billionaires – Democracy, Government and the 1%

Debt-free B.C.?

| May 6, 2013
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