Economic Crisis

Songs For the Underclass

Artwork by: David Cran Good protest songs - the ones that endure - never preach to the choir. They don't rally the converted. They never tell you what to do, just that something should be done. Good p...
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Would Politicians Make Good Goalkeepers?

In a penalty kick situation, goalkeepers must decide what to do before clearly observing kick direction. Basically, goalkeepers feel worse, and are judged more harshly, if they stay in the centre and fail to stop the ball than if they jump left or right and fail. Another profession that exhibits action bias, and for much the same reason, is politics.
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Is Globalization Finally Dead?

Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?

Canadian Trade: Pros and Cons for 2014

When international trade collapsed in 2009, the Canadian economy turned inward, and for a change, discovered a steady source of growth. That source is now tapped out, and economy-watchers have for some time turned their eyes back to trade. So far, the view has been uninspiring. Will Canadian trade carry growth forward, or is our hopeful gaze in for a big disappointment?

Breakthrough: U.S. Confidence Finally Returns

During recessions, American sentiment is typically volatile. One of the most remarkable recent developments in the world economy is the change in U.S. sentiment. After three failed attempts, the Conference Board Index of Consumer Confidence has finally and convincingly popped back into the "normal" zone.

Will the Summer Shine on or Sour the Economy?

There's a sour seasonality that has become entrenched in recent global economics. In the past few years, summer has become a disarmingly punctual momentum-killer of global production. Perhaps the most critical question in EDC's Summer 2013 Global Export Forecast is whether we are in for yet another summer drubbing, or whether this is the year we break with that sorry tradition.
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How Mexico's Economy Survived the Slump

Few economies escaped the global slowdown in the summer of 2012. Mexico was a rare and notable exception. While marked deterioration in China, India and Brazil grabbed the headlines, Mexico quietly hummed along, generating remarkably smooth growth.
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How Canucks Avoided the Fiscal Cliff

In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.
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How the Rich and Famous Can Teach Us to Save

Those who have seen the documentary Queen of Versailles usually laugh at the outrageous lifestyle of David and Jacky Siegal, a billionaire and his trophy wife. The film begins in 2008, before the market crash. The economic downturn froze the construction of their incredible 90,000 sq ft mansion in Florida. But we can learn from them. What kids and adults need are some lessons in the lost art of budgeting, living within your means and learning not to spend what you don't have.

Why I Am Still a Republican

For three years, my political party has veered in a direction I cannot follow. And if the GOP insists on framing the 2012 election as a ballot question on fiscal and monetary austerity, or if they nominate somebody manifestly incompetent to do the job of president, they're going to lose me -- and a lot more people.
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Flaherty Blasts EU Leaders

OTTAWA - Finance Minister Jim Flaherty is not letting up on his criticism of European leaders, telling them in a blistering speech that their dithering is jeopardizing the global recovery.The unusuall...
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Balancing the Books on the Backs of the Poor

Although the Harper government has no problem spending money, I believe that they will probably ramp up the cuts that have already started. We must make sure that we are not balancing the books on the backs of the poor. Make no mistake, poverty costs us all. It forces up our tax bills and depresses the economy.
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Our Heroes Are M.I.A. During Financial Crisis

As the global economy continues to struggle, the image of heroic leadership has waned. President Obama falls into this category, exhorting Americans to buy his economic agenda but running into the obstacles presented by Congress and a cynical and deeply divided public.