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economy

Do governments neglect social spending for corporate subsidies?

in Columns/Featured/Opinion/The Nonagenarian’s Notebook by

Governments exist to protect the rights of minorities. The rich need no protection. — Wendell Phillips. When it comes to listing countries on the basis of the social services they provide to their citizens compared to the subsidies they heap on their corporations, Canada doesn’t fare well. A recent study from the University of Calgary’s School of Public Policy reports that our federal government and the four largest provinces spend $29 billion a year subsidizing business firms. The study’s author, John Lester, says that half of these huge subsidies fail to improve economic performance and therefore constitute a colossal waste of government revenue. “And because nearly one-third of all such subsidies just go generally to support specific industries or regions rather than to enhance economic development,” he added, “the proportion of questionable spending rises to 60% of the total.” Of the $29 billion in government handouts that corporations receive annually,…

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“Budget decisions can lead us to a more hopeful future:” David Thompson

in Featured/Journalism/Q&A by

Like the rest of us, you’ve been hearing about the economic troubles here in Newfoundland and Labrador. The story goes that we have no choice but to cut budgets and jobs and increase fees. But economist David Thompson says we can tell a different kind of story about the economy here in Newfoundland and Labrador. In fact, he believes that if we told different stories about our economy, we would be able to find different solutions than the ones that are commonly offered up. He said that “doom and gloom” stories prevent us from seeing the real, viable solutions in front of us. We don’t have to run ourselves off a “fiscal cliff.”: we can turn ourselves around at any point. Thompson is an economist and a founder of PolicyLink Research Consulting, a B.C. organization providing advice to governments, labour organizations, and the private sector on economic and resource management issues. Thompson came…

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Trump “has done us a favour”: Gwynne Dyer

in Uncategorized by

One of Newfoundland’s most famous intellectuals argues the U.S. President’s election in 2016 offers valuable insight into American politics and society before it’s too late.

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A future for students

in Uncategorized by

A prosperous economy and society in Newfoundland and Labrador requires affordable, accessible post-secondary education for all.

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It’s time for a $15 minimum wage

in To Each Their Own by

Ontario just introduced a $15 minimum wage. The benefits are obvious, and it’s time for this province to do the same.

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MUN community must unite against provincial government’s austerity

in Power and Dissent by

Questionable strategy, fractured university community means everyone loses.

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Enabling dependency

in Politics by Numbers by

How can we explain the continued government inaction in the face of the worst recession since the cod moratorium?

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Welcoming more immigrants to N.L.

in Uncategorized by

It’s not just the right thing to do — it’s also the smart thing to do.

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How do we measure successful fiscal governance?

in To Each Their Own by

Retaining and creating stable, well-paying jobs would be a good start.

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What hurts the public hurts the private

in The Nonagenarian’s Notebook by

Corporate attacks on the public sector and public employees inflict just as much damage on the private sector.

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Access to education and employment key to poverty reduction

in Letters by

“Policies aimed at improving access to education and the ability to obtain employment complement each other in breaking the cyclical nature of poverty.”

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BOOK REVIEW: “Beyond Banksters” by Joyce Nelson

in The Nonagenarian’s Notebook by

Joyce Nelson’s “Beyond Banksters” is an eye-opening, must-read exposé of a ravenous financial system.

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No, Margaret Wente, all is not forgiven

in Featured/To Each Their Own by

Margaret Wente says a recent trip to Fogo Island changed her view of Newfoundland. No, it hasn’t.

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Plan B: Borrow to build, borrow to survive

in Uncategorized by

The Government of Newfoundland and Labrador should immediately tap the international bond markets and borrow $3 billion.

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Liberals face mounting scorn as anti-austerity movement matures

in Journalism by

As residents and groups ramp up direct action efforts while resistance to austerity grows, some observers are calling for movement to embrace mutual aid.

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Something very different is happening in Newfoundland and Labrador

in To Each Their Own by

For all the negative things it will do to our province, the Liberals’ austerity budget is bringing people together in a very meaningful way.

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We have the answers

in To Each Their Own by

It was published almost 40 years ago, but the People’s Commission on Unemployment report reads as if it were written today.

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Austerity “an ideological choice, not an economic choice”: economist

in Journalism by

The Liberals’ turn to austerity in Budget 2016 to address the province’s deficit will do more harm than good and could “kill” the economy, says Diana Gibson.

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We need to stop letting history repeat itself

in Letters by

“Let’s stop letting greed and ego cloud the vision of our future.”

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A walk on Signal Hill

in Uncategorized by

The more we discuss alternatives, the more we seem to return to the same old game that’s played with worn-out party logos behind which elites make the decisions.

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