Commentary Economic language is packed with metaphors. It would be sunk without them. The economy is overheating. It’s depressed. It’s recessed. It’s hot. It’s cooling. It hit the skids. It’s in free fall. We’d better put on the brakes! Housing is underwater. This stock is headed to the moon. Inflation is easing. The Fed is…
What Does It Mean to Have a Soft Landing?
July 17, 2023
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US Operating in Syria Involves Much Bigger Stakes Than a Year Ago
Commentary Increasingly aggressive harassment by Russian pilots of U.S. drones operating in Syrian airspace suggests that the recent deployment of F-22s to protect America’s Syrian operations has failed to intimidate Russia. Indeed, in the weeks since the two F-22s arrived on the scene, Russian pilots have become increasingly aggressive in harassing American MQ-9 Reaper drones….
Michael Taube: Why Sir Wilfrid Laurier Should Remain on the $5 Bill, Now and Forevermore
Commentary Many Canadians were understandably frustrated when the twin scourges of cancel culture and wokeness erupted during COVID-19. Yet, few probably remember an announcement that just preceded the pandemic and surprisingly fit with this negative tone of what was to come. The Bank of Canada unexpectedly announced a plan in early 2020 to remove Sir…
UN Enabled Government to Strip Parental Rights in Face of Gender Dysphoria
July 17, 2023
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Commentary There is ample anecdotal evidence that parents are afraid of the implementation of Victoria’s bill banning what is considered conversion therapy. Their fear stems from the fact that the legislation potentially penalises parents for directing and controlling their children’s behaviour. In this context, a recent article notes that the law prohibits parents from acting…
Tough Gauntlet Ahead for New Reserve Bank Chief
July 16, 2023
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AustraliaAustralian economyBusiness & Marketseconomic policiesinflationInternationalMichele BullockOpinionRBArecessionViewpointsWorld
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Commentary The job of Reserve Bank of Australia’s (RBA) governor might be one to dodge at the moment, but having waited 38 years for the opportunity I guess new Governor Michele Bullock was not going to say no. There are a lot of challenges sitting in her in-tray from day one, including expansionary federal and…
Germany’s New ‘China Strategy’ All Bark, No Bite
Commentary After decades of being China’s closest ally in the European Union, Germany finally appears to have second thoughts. On July 13, Germany issued its first “China strategy” document to guide its political and business establishment on their China engagement going forward in an effort to balance the economic relationship along with the risks of…
Biden, Social Media Collude to Suppress Speech
Commentary Of all the ways in which we exercise our freedom in America, the exchange of information without the interference of government may be the most indispensable. One can imagine times when the federal government is entitled to keep news or views from the American people; perhaps knowledge of a major defeat of our forces…
Can Mass Indoctrination Save Xi Jinping?
Commentary Can mass indoctrination save Xi Jinping? Times of turmoil and transition are always unstable and unpredictable; the mood of the “crowd” becomes critical and mercurial. The narrowness of the power base around a leader makes the ruler vulnerable and, of necessity, paranoid. Even trustworthy factions and supporters are not trusted. Neither is the loyalty…
China’s Economy is Slipping Into Deflation
Commentary China’s consumer prices are flat, while producers are hit with rising costs, and workers are facing lower wages and a tighter job market. The Chinese Communist Party (CCP) had hoped that removing COVID-19 restrictions would jump-start the economy. However, after a brief uptick during the first quarter of the year, demand for industrial and…
Why Affirmative Action Should End in Canada, as It Has in US
July 16, 2023
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Commentary On June 29, the United States Supreme Court, in a 6-3 decision, struck down affirmative action in university and college admissions, ruling it unconstitutional to use racial preferences in their admissions decisions. “The student must be treated based on his or her experiences as an individual – not on the basis of race,” wrote…
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