The G8 summit next week could not have come at a better time for Prime Minister Harper, giving him respite from the Senate circus and allowing him to generate photo ops with the Queen and the world's big shots. But challenges await him there too.
Canada's patronage pit, the...
(2) Comments | Posted June 7, 2013 | 5:21 PM
NEW YORK CITY -- The American political conversation has refined itself into a contest between tech-savvy Democrats with armies of volunteers and wealthy Republicans with backroom boys. In other words, politics has become a war between the suits and the nerds.
In 2008 and in 2012, technology helped President Barack...
(1) Comments | Posted May 31, 2013 | 2:12 PM
Syria is four wars in one that threaten the region, the world's energy prices and the global economy.
This conflict is confusing and involves many players and origins. But what sparked Syria's crisis was a peaceful protest on March 15, 2011 that was violently rebuffed by the regime. Months later,...
(8) Comments | Posted May 27, 2013 | 12:34 PM
In 1994, I wrote a book called Underground Nation describing all the immoral tax avoidance going on in Canada from rich guys parking money offshore to welfare, health care, immigration, refugee and Workers Compensation rip-offs.
But the policy response was always the same: No crackdown and higher taxes to make...
(61) Comments | Posted May 17, 2013 | 4:31 PM
The Senate is Canada's dirty little secret. The institution is an anachronism imposed by Britain and perpetuated ever since without justification.
The Senate should be abolished, but remains the DNA of Ottawa which is why, despite the current and previous scandals, absolutely nothing changes and no one is held accountable....
(102) Comments | Posted May 13, 2013 | 12:00 AM
On May 14, British Columbians face Hobson's choice in their provincial election: Liberal leader Christy Clark is in trouble in her own riding and the NDP guy is wobbly in polls and should be.
But voters must hold their noses and re-elect the Liberals (who are actually Conservatives) because it's...
(6) Comments | Posted May 3, 2013 | 5:10 PM
In 2009, Eleanor Squillari called me after reading my article "Madoff: More money laundering than Ponzi." She had been Bernie Madoff's secretary for years and wanted me to participate in a documentary about her ordeal and that of others in the fallout from Madoff's $62.5 billion fraud.
She was, like...
(7) Comments | Posted April 26, 2013 | 6:08 PM
In the good "old" days of quality financial journalism, stories had to cite named sources and accurately unearth facts. Even then, those that would effect stock prices would be meticulously edited and "lawyered" before publication.
Some tried to get around these rules but it was impossible to plant a...
(0) Comments | Posted April 22, 2013 | 4:01 PM
Bombings, poisonings and stock drops dominated headlines this week, but two other significant events occurred. The first was the funeral of the great Margaret Thatcher, the first female in history elected to lead a major nation. And the second event was the rejection by the German Parliament of gender quotas...
(1) Comments | Posted April 12, 2013 | 5:13 PM
By 1554, The Netherlands had become the world's first "modern economy" and a leader in technology, trade and banking. That year, some Dutch entrepreneurs imported tulip seeds from Turkey. The hardy, beautiful flower became popular and by 1637 horticultural innovators produced a rare strain that fetched ten times the annual...
(82) Comments | Posted April 6, 2013 | 12:00 AM
My first job in Canada was to create one or two corporations every day for the country's richest individual and industrialist, E. P. Taylor. This was because my boss, Taylor's tax lawyer, divided Taylor's huge income into thousands of new corporations to pay a tiny small business income tax.
Taylor,...
(0) Comments | Posted April 1, 2013 | 8:02 AM
The biggest heist in history was when newspapers and magazines allowed Google to "crawl" their content to readers, to pay nothing and to sell ads around their stories.
Google became, in other words, the ubiquitous newspaper right under the noses of proprietors who should have charged.
But they didn't because...
(28) Comments | Posted March 25, 2013 | 12:16 AM
The old adage is that when you owe the bank a million dollars and cannot pay, you're in trouble. But if you owe the bank a billion dollars and cannot pay, the bank is.
Cyprus is the guy who owes a million and cannot pay, unlike Greece or Italy who...
(0) Comments | Posted March 18, 2013 | 8:22 AM
Immediately after Pope Francis became the leader of the world's 1.2-billion Catholics this week, he prayed for guidance.
And it's little wonder. He is the newly elected CEO of the Vatican, a sovereign state, and faces the same crisis as does Washington or Brussels. His bureaucracy is beset by a...
(1) Comments | Posted March 9, 2013 | 11:00 PM
Any economy, culture or enterprise that denies females equal education and opportunities taps only half of its collective IQ. This is a truism, but is ignored by too many regimes, religions and organizations of all kinds.
The economic importance of gender meritocracy was explained to me 20 years ago in...
(1) Comments | Posted March 4, 2013 | 10:11 AM
Albertans are unique because they don't occupy a parallel universe, living on other peoples' money. They live in the real world and the province's current fiscal deficit has sparked intelligent conversation.
The Alberta Advantage is its adherence to discipline and is why it has the lowest taxes in the country....
(17) Comments | Posted February 24, 2013 | 11:02 PM
Politicians in the developed world are preoccupied with dividing up a diminishing pie, not a growing one.
Even in debt-free Alberta, an oil bubble is causing budgetary handwringing in government as deficits loom. This means spending cuts, or revenue hikes, or a bit of both or even, goodness forbid, racking...
(71) Comments | Posted February 16, 2013 | 11:10 PM
Canada's oil sands are besieged with two myths: That a "clean" coal technology exists and that the oil sands imperil the planet as the world's dirtiest fuel.
Both statements are bunk and yet they inform an environmental movement that swarms the White House and Congress to fight the Keystone XL...
(33) Comments | Posted February 10, 2013 | 11:00 PM
In the corporate world, sleepy or dysfunctional boards of directors of public companies often and suddenly find their corporations taken over or besieged by a hedge fund or aggressive change-agent.
In the media world, sleepy or dysfunctional content providers often suddenly find their audiences disappear, thus driving them out of...
(0) Comments | Posted February 4, 2013 | 7:55 AM
One of the challenges in life is to know the difference between a cyclical slump and a transformation that will permanently change a business, industry, economy, lifestyle, living standard, a family's prospects or the future of a nation-state.
Harvard Professor Clay Christensen explained the difference in the business world, with...

(3) Comments | Posted June 14, 2013 | 6:18 PM