Commentary In theory, America is a capitalistic society. One beautiful part about capitalism is that everyone gets to participate. If you create value, you get rewarded for it. If you invent something new and create a lot of value, you get rewarded handsomely for your effort. However, the flip side of living in a capitalistic…
Is America Still a Capitalist Society? The Case for Letting the Market Speak
March 29, 2023
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Finance Minister Chrystia Freeland Says Feds Will Voice Concerns to Air Canada Over Executive Bonuses
OTTAWA—Finance Minister Chrystia Freeland says the government will voice its concerns about Air Canada doling out millions in bonuses to its executives as the company was negotiating a federal bailout. Freeland says she is disappointed there are some businesses that seem not to be behaving as responsible corporate citizens while receiving taxpayer−funded federal aid to…
Air Canada Agrees to $5.9 Billion Aid Package, Giving Ottawa Equity Stake in Airline
OTTAWA—After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline. Under the agreement, Air Canada can access up to $5.9 billion from the public purse but must refund passengers whose flights were cancelled due to COVID−19, cap executive compensation…
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