PARIS—More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but…
Feds Provide Details on Inception of WEF-Initiated ‘Agile Nations’ Framework
Canada is part of a network of countries seeking to streamline regulations to speed up the “Fourth Industrial Revolution” and the federal government has shed some light on the process that led to its joining this World Economic Forum (WEF) initiative. Conservative MP Leslyn Lewis has filed several requests with the government in recent months…
UK Economy Expected to Be 2nd-Worst in G-20 This Year: OECD
Britain is expected to be the worst-performing economy in the G-20 apart from Russia this year and next, according to new analysis from the Organisation for Economic Cooperation and Development (OECD). The UK’s GDP is expected to fall by 0.2 percent this year, followed by a rise of 0.9 percent next year, the OECD said…
Canada Needs to Pay Down Debt, Reduce Internal Trade Barriers: OECD
OTTAWA—Canada has fully recovered from the pandemic with new lows for unemployment and an improving economic outlook, but it is falling behind the United States in investment and productivity and it needs a plan for lowering the national debt, according to the Organisation for Economic Co-operation and Development (OECD). On March 6, the OECD presented…
GOP Fights Biden Deal That Lets Other Countries Tax US-Based Profits
February 4, 2023
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In one of the more unusual tactics to bring the United States into compliance with international agreements, the Biden administration has signed on to a global tax agreement that gives Congress the choice of either approving the deal or watching American companies suffer from foreign tax penalties. Congress this week said it would do neither….
Cory Morgan: Trudeau’s Admission That the Health System Is ‘Broken’ Should Be a Catalyst for Reform
Commentary Year-end interviews with politicians are often fluffy affairs. Leaders tend to pick friendly journalists and sit down for fireside chats where they will pat themselves on the back for their accomplishments over the year and make broad promises for the new year. Prime Minister Justin Trudeau’s CBC year-end interview with Rosemary Barton was an…
UK Faces Worst Economic Downturn Among G-7 Nations: OECD
The UK economy will contract more than any other G-7 nation next year, according to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD). The OECD expects the UK economy to shrink by 0.4 percent in 2023 and grow by just 0.2 percent in 2024. Germany is the only other G-7 country…
Cory Morgan: Health-Care in Canada: It’s Not the Spending Model That’s Broken, It’s the System
Commentary The story is the same in every province in Canada. Emergency rooms are overwhelmed, hospitals are short-staffed, and ICU space can never seem to keep up with extraordinary pressures whether they be from a local disaster, a flu outbreak, or a spike in COVID-19 cases. Waiting lists for medical specialists continue to grow while…
US, Canada, Australia and UK Accused of Falling Short on UN Climate Funding
The U.S., Canada, Australia and the UK have been accused of failing to meet their United Nations pledge for climate change funding. According to a report by Carbon Brief, a UK-based think tank, the United States fell short of providing its “fair share” of the funding by $49 billion (US $32 billion), while other countries like Australia did…
Reserve Bank of Australia Expected to Make Another Oversized Rate Hike in October
Economic experts are expecting the Reserve Bank of Australia (RBA) to maintain its aggressive interest rate policy with another oversized rate hike in October as troubling global economic conditions remain. The RBA said it would opt between a 0.25 and 0.5 percent hike at the next board meeting on Oct. 5 and that it would…
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