Economy

First the party, next the hangover

Jan 12, 2010
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It’s shocking to think that the 2010 Winter Games are now exactly one month away. Yes, the banners are dropping down the side of downtown buildings; huge tents are being erected anywhere there is open space; advertising from any but the Olympic sponsors has all but disappeared (I hereby challenge any Olympic athlete to eat… View Article

New Brunswick Plans for a $10 Minimum Wage

Jan 6, 2010
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On January 5, New Brunswick’s provincial government announced plans to increase their minimum wage from the current $8.25 per hour to $10 over the next two years. The move has gotten surprisingly little coverage in the mainstream media out West so far, but I urge you to check out this excellent article on the Times… View Article

Vancouver City Budget Woes: Are the Cuts Really Necessary?

Dec 3, 2009
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In this round of municipal budgeting, the city of Vancouver finds itself in exactly the same predicament as the federal and provincial governments faced earlier in the year – projected revenues would not be sufficient to meet their rising expenditures. The big difference is that municipal governments are prohibited by law from running a deficit…. View Article

How high should the minimum wage be?

Dec 1, 2009
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At the BC NDP convention over the weekend, Carole James reiterated calls for a $10 an hour minimum wage. While $10 an hour would certainly be better than the current $8 an hour (lowest in the country), I’m concerned that this campaign is stuck on a round number not what is adequate for improving the… View Article

And the Question is???

Nov 23, 2009
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The recently announced Green Energy Task Force reminds me of a story that soft energy path guru Amory Lovins liked to tell. It was about this billboard  pronouncing, in giant, biblically bold print, that Jesus is the Answer. Someone, a shameless heathen no doubt, innocently scrawled underneath: but what is the question? So it is… View Article

Risky Business

Nov 12, 2009
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The government’s recent rejection of the BC Utilities Commission (BCUC) decision on the Burrard Thermal power plant had nothing to do with the operations and GHG or other emissions at Burrard.  BC Hydro freely admits it is business as usual with Burrard. It will operate the plant as it has in the past — to… View Article

2010 and all that

Nov 5, 2009
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It is a basic principle in economics that estimates of employment and GDP impacts in themselves tell us nothing about the benefits and costs of government initiatives. Government spending creates jobs. More spending creates more jobs. But whether that is in the public interest raises very different questions. Will the job creation employ people who… View Article

You Don’t Have to Sell BC Hydro to Give it Away

Nov 3, 2009
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I recently told a right wing friend of mine that this is the worst government British Columbia has had in a very long time. I said that not because of its political orientation and values that time and again favour the interests of the wealthy over the less fortunate in a rather shameless way. I… View Article

Property taxes: are major industries suffering?

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Businesses across Canada have been complaining about what they pay in property taxes, well, since there were property taxes.  But the issue in BC came into sharper definition in July when Catalyst Paper hand-delivered cheques to four municipalities that only covered 25% of their property tax bill.  Timberwest, Celgar and West Fraser Timber joined Catalyst… View Article

Strengthening the CPP: Maybe the Americans are on to something

Oct 31, 2009
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As we emerge from the financial crisis, a new and welcome debate is beginning about how we stabilize and strengthen our pension system. The financial crisis provided a rude (and in some cases surprising) reminder to many retirees (and near retirees) that their private pensions are far from secure. Many took a beating on their… View Article