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For most politicians, including U.S. President Donald Trump, the concept of trade balance is invoked in order to justify everything and its opposite.
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The wheels of gender equality are in motion in the UK but there is evidently still a long way to go -- "subtle" and institutional bias persist, women still get paid 18 per cent less than men and only 25 per cent of UK STEM graduates are female.
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Beyond helping break the cycle of constant consumption and allowing people to focus on things that matter -- like friends, family and time in nature -- a shorter work week would also reduce rush-hour traffic and gridlock, which contribute to pollution and climate change. It could help reduce stress and the health problems that come from modern work practices, such as sitting for long hours at computers. And it would give people more options for family care.
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A large majority of people do not smoke, or no longer smoke, and tend to accept certain bits of conventional wisdom without question. Smoking tobacco being harmful to one's health, smokers therefore need to be protected--even those who would choose to, say, patronize their own smoking restaurants and bars. And we can count on government to enforce regulations and bans to this effect. But what if smokers get something from their "vice," and that this can be explained in economic terms? The answer could be found in the concept of consumer surplus.
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CETA, the EU-Canada Comprehensive Economic and Trade Agreement, has everyone talking about Canada in Brussels, the EU capital, ahead of February 15's vote - and it's not always good. So, here is a tip for Prime Minister Justin Trudeau ahead of his Thursday speech at the European Parliament.
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It's absurd that so many people still work eight hours a day, five days a week -- or more -- with only a few weeks' vacation a year, often needing two incomes to support a household. Our economic system was developed when resources seemed plentiful if not inexhaustible, and physical infrastructure was lacking. We need an overhaul to meet today's conditions rather than those that existed decades ago when we were unaware of many of the potential negative consequences of our actions.
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Humans are one species among countless others to which we are connected and on which we depend. Viewed that way, everything we do has repercussions and carries responsibilities. That we are part of a vast web is a biocentric way of seeing that we've followed for most of our existence. But in assuming the mantle of "dominant" species, we've shifted to thinking we're at the centre of everything.
Why is it that there is more interest generated by fandom than there is by our country's economy? Why, as millennials, are we generally more interested in Hollywood and pop culture than we are about curating our own personal finances? Is it because our attention spans are too short to focus on the complexities of the world around us? Are we too easily bored?
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Few thinkers of the classical liberal tradition elicit the kind of strong reactions that Ayn Rand does. Love her or hate her, the Russian-born American novelist polarizes like nobody else. Since Septe...
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Monday was the first day of the Republican Convention where Donald Trump will be confirmed as the party's nominee for November's presidential election. On Thursday, when he delivers his keynote speech, he will likely repeat his tirade against free trade agreements, which has become his trademark.
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After enduring government-mandated power blackouts, shortages of medicine, standing in line for food, and rampant crime, Venezuelans were standing in line last week for a different reason: to validate their signatures in an attempt to force a referendum to recall President Nicolás Maduro.
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What were once staples of daily living in our communities -- butchers, bakers, fishmongers, and greengrocers -- are now seen as inefficient when large chain grocery stores deliver all-in-one convenience. But "fast and convenient" has weakened our communities. As the African proverb says, "If you want to go fast, go alone. If you want to go far, go together."
We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.
The world's top one per cent own more than 50 per cent of the world's wealth. The ability to make policy and to enforce it at the national level is essential to combat the slide towards plutocracy, under which society is controlled by the wealthiest citizens. Mr. Obama and Ms. Freeland, please listen to your own rhetoric. Pull the plug on the TPP and CETA.