Perhaps you flew off for holidays this summer. Compare any return flights between pairs of cities in Europe and in Canada, with roughly the same distance, and you'll notice a staggering difference in price. Flying from an airport south of the border is cheaper, too.
Instinctively, everybody knows that job creation is something really important, both economically and socially. In a way, we should "thank" the job creators. But who is it, exactly, that we must thank? We might be tempted to believe that it is politicians.
"Aid is just a stop-gap. Commerce and entrepreneurial capitalism take more people out of poverty than aid." Though I strongly agree with these words, they came from someone just a bit more glamorous than me -- Bono. The West's relationship with the poor is based on condescension and charity. When it comes to helping the poor get out of the poverty trap, one should not be trapped in preconceived ideas.
At first sight, the reaction of the three big players to Verizon's possible entry onto the Canadian market seems to be another illustration of their tendency to quash competition. A casual observer might be tempted to think that they're trying to secure government protection against a new player that poses a real threat to their market shares. Nothing could be further from the truth.
The fact that the Lac Megantic rail tragedy hit so close to home should motivate us that much more to find solutions to keep such things from happening again. What's really inappropriate is pushing fantasies -- such as "freeing ourselves from our dependence on oil" -- when we're faced with a very real problem. In the short- and medium-term, oil will continue to be a part of our lives. All methods of transporting oil will remain relevant and necessary for some time yet. Pipelines, though, have the advantage of being by far the safest method of transportation.
After studying about three million cases, the authors of a new study found that for people who are older than 60, having a body-mass index (BMI) that ranks you as overweight may reduce your mortality risk. And while obese people had a greater mortality risk over all, those at the lowest level of obesity were not more likely to die during a given period than people of normal weight. The reception to this data has not been kind.
We cannot deny the fact that the costs of prescription drugs have been increasing at a considerable rate over the last few decades. While total healthcare spending per capita has almost tripled during this period, per capita expenditures on prescription drugs have increased six-fold. But should this trend be a source of concern?
How do governments "create" money? That is the very relevant question a Sun reader asked me after reading one of my columns. Well, physical cash is only a tiny portion of existing money. Most of it nowadays simply exists as digits in computers. Granted, monetary economics is one of the most boring and technical topics in the field of economics. But given what is at stake in this risky experiment, we all have an interest in better understanding what is going on.
I saw two young men wearing red t-shirts with the letters "CCCP" emblazoned in yellow across their chests. They thought it was cool. The scope of the Soviet regime's atrocities should be widely known among both young and old. The fact that it is not widely known is a sad indictment of our educational systems.