Showing posts with label postal banking. Show all posts
Showing posts with label postal banking. Show all posts

Thursday, November 21, 2024

Thursday Morning Links

This and that for your Thursday reading.

- Sarah Johnson reports on Unicef's warning that children will face far more extreme heatwaves and other dangerous weather events in the decades to come. And George Monbiot writes that the "solutions" being relied upon to respond to the climate crisis are rarely any more plausible than the spin of the most stubborn head-in-the-sand denialists. 

- Ben Stockton and Hajar Medah expose how McKinsey & Company has been working on keeping people hooked on fossil fuels. Amy Westervelt and Royce Kurmelovs examine how fossil fuel giants have always been preventing COP conferences from achieving any meaningful progress - even if they're far more brazen about controlling the agenda now. 

- Graham Thomson discusses the obvious dangers of putting a partisan operative and fossil fuel zealot in charge of Albertans' retirement savings. But Angela Amato reports on the gap between the CPP's net-zero promises and its choice to invest in dirty energy. 

- Jon Milton examines the background to the CUPW postal strike - and particularly the difference in goals between workers committed to public service, and an employer determined to do less in order to claim false economies.  

- Finally, The Disabled Ginger points out how a refusal to mask in health-care settings further endangers vulnerable patients. Heidi Ledford examines the rise of bird-flu infections in humans which are being largely ignored as a matter of public policy. And Lisa Schnirring reports that anti-vaxxers have managed to cause an outbreak of polio in Warsaw. 

Monday, November 07, 2022

Monday Afternoon Links

Miscellaneous material to start your week.

- Erin Prater reports on research showing how long COVID may be traced to excessive pruning of connections in the brain. Faye Flam highlights why anybody who's been infected will need to be on the outlook for stroke symptoms. And Norman Swan warns of the aging effect COVID-19 has on a person's body. 

- Adam Morton reports on a study suggesting that Australia's system of carbon credits managed to reward businesses for "forest regeneration" even as they reduced tree cover. And Nicholas Kusnetz discusses the likelihood that private equity is snapping up unviable fossil fuel properties with the intention of continuing to spew carbon pollution long past the point when any publicly-traded company could justify that course of action to shareholders. 

- Hadrian Mertins-Kirkwood and Noah Kathen outline what a green industrial policy could look like if Canada wanted to invest in a liveable future, rather than prolonging the damage done by reliance on oil and gas. And David Macdonald highlights how the federal government (like its provincial counterparts) has plenty of fiscal room for both industrial policy and social supports if it wasn't bent on pushing austerity. 

- John Anderson laments that Canada Post's theoretical nod to postal banking has been set up as a corporate income stream rather than a service for people. And Paul Dechene reports on the City of Regina's farcical attempt to force a series of entertainment projects onto residents rather than paying any attention to its previous consultations and promises. 

- Finally, Nora Loreto points out how authoritarianism has consistently been the establishment response to meaningful labour activism in Canada. 

Thursday, September 29, 2022

Thursday Afternoon Links

This and that for your Thursday reading.

- Andrew Nikiforuk writes about the growing recognition that COVID-19 may have severe and long-term effects on the brains of people who get infected, while Hannah Devlin reports on research showing it may also have systematic personality effects on younger people. And Nam Kiwanuka discusses the appalling lack of discussion of a shortage of children's pain medication as one obvious symptom (and indicator) of a devastating COVID wave in Ontario, while Adam Toy reports on the soaring hospitalization rates in Alberta in a health care system already in crisis. 

- Jessica Corbett discusses how the UK Cons have crashed their country's economy by handing gigantic tax cuts to business while paying no regard to the well-being of actual people. And Jon Schwarz and Ken Klippenstein report on yet more corporate executives - this time the CEO and CFO of Iron Mountain Inc. - confirming that businesses are using the cover of inflation to extract windfall profits. 

- Ghada Alsharif reports on Canada Post's new offering of personal loans - though it's of course telling that it was only permitted to proceed with a private bank standing to profit. 

- Finally, Kate Wagner interviews Katharine Hayhoe about the effects of climate change in exacerbating extreme weather events like Hurricane Ian. And Max Fawcett reminds us of the oil industry's sociopathic plans to delay any action to reduce or mitigate the damage caused by continued carbon pollution until they can install a Poilievre government which will eliminate any climate policy whatsoever. 

Thursday, May 28, 2020

Thursday Morning Links

This and that for your Thursday reading.

- Ian Hilton talks to several progressive economists about the opportunities for change as we manage and emerge from the coronavirus crisis. And Andre Roncaglia de Carvalho writes about the importance of state planning in charting our future course.

- Nav Persaud and Steve Morgan discuss how the COVID-19 pandemic has confirmed and strengthened the need for a national pharmacare system. And Carl Meyer reports on Canada Post's pilot projects testing the benefits of postal banking.

- Lynn Giesbrecht reports on the Moe Sask Party's failure to address children's programs and community opportunities as they've instead focused their plan for "reopening" around the business class, while Krista Broda calls for children's recreation to at least be included in the next phase. Matthew Yglesias highlights why it's far more important to focus on reopening schools than non-essential businesses. And the Canadian Centre for Policy Alternatives, the Canadian Women’s Foundation, Ontario Nonprofit Network (ONN), and Dr. Kathleen Lahey highlight the need to provide funding and resources to the women's sector. 

- PressProgress reports on Statistics Canada's warning that the urban Indigenous population may be particularly hard hit by COVID-19. And Kelly Provost reports that Saskatchewan has the highest rate of Indigenous cases of any province. 

- Finally, Hassan Yussuff calls for collective action to replace me-first thinking. And Nick French makes the case for radical workplace organizing as the foundation for renewed labour and social movements.

Tuesday, February 18, 2020

Tuesday Morning Links

This and that for your Tuesday reading.

- Christiana Figueres and Tom Rivett-Carnac offer a stark look at the plausible worst-case scenario for a climate breakdown over just the next thirty years. And Zarah Sultana argues that in the UK (as elsewhere), we need to demand transformative politics to respond to our social and environmental crises:
The scale of the climate crisis means moderation won’t cut it. The only answers are radical. Socialists across borders will need to link up to campaign for an international Green New Deal. It will tax the super-rich and take on polluting profiteers who wreak havoc from Brazil to Bangladesh. It will create new, green industries that will save our communities while saving our planet too. None of it will be possible without confronting the existing order, where 100 companies are responsible for 70 per cent of global pollution. Our lives are threatened by their pursuit of profit. 
 
Call it ‘taking back control’ if you like — taking control away from the billionaires and winning it for workers in every corner of the planet. This means being clear that our allies are the dispossessed everywhere, and our enemies arrive by limousine not dinghy, with green politics as a new class politics for our age.

My generation grew up being told there was no alternative to cuts and declining opportunities. That was miserable enough. Now that dismal economic model is putting our planet in peril.

We can be the generation that rises to this existential challenge. We can end the cycle of capitalist destruction. As our planet burns, we must make good on the promise of an old socialist hymn: We will bring to birth a new world from the ashes of the old.
- Andrew Nikiforuk suggests that federal approval of the Teck Frontier mine could provide Alberta with a lesson in when to stop digging - though the danger is that even allowing Jason Kenney to oversee development could further destabilize the ground for everybody.

- Andrew MacLeod highlights how the RCMP has been interfering with free reporting in the course of its Wet’suwet’en raids - presumably with reference to its documented concern about allowing activists to with public support.

- Finally, Amir Barnea makes the case for Canada Post to offer affordable banking and financial services to people left behind by the financial sector.

Wednesday, August 22, 2018

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Ajit Zacharias, Thomas Masterson and Fernando Rios-Avila study the economic well-being of U.S. households, and find a stagnant standard of living including a falling base income for the median family. Josh Bivens and Ben Zipperer confirm that in the past few decades, workers have only seen meaningful wage gains at the end of extended periods of low unemployment - meaning they're the last to benefit from economic growth. And Craig Chamberlain highlights new research showing how stronger unions benefit all kinds of workers.

- Danny Dorling points out how the UK is seeing tens of thousands of "excess deaths" this year - and how the Conservative government isn't even willing to acknowledge a problem.

- Patrick Collinson reports on landlords' discrimination against people who receive housing benefits in the UK.

- Meagan Day makes the case for a publicly-owned bank to ensure that needed financial services are available and affordable for everybody.

- Finally, Alejandra Bravo writes about the need to treat Doug Ford's attacks on democracy as a reason to organize, rather than allowing him to breed public apathy and resignation.

Sunday, May 20, 2018

Sunday Morning Links

This and that for your Sunday reading.

- Brian Wakamo notes that Kirsten Gillibrand is pushing for postal banking in the U.S. as an alternative to predatory lenders in underserved communities.

- Glen Hodgson discusses the rising fiscal costs of climate change - even as the Trudeau Libs plan to put public money into exacerbating it. And Damian Carrington examines the looming danger of severe destruction of insect habitat from even best-case climate change scenarios.

- Meanwhile, Yonatan Strauch points out that the threat of oil embargos being used to try to bully British Columbia into risking its environment for pipelines ultimately only highlights the need to stop depending on fossil fuels. And Gary Mason comments on the need for Alberta (among other jurisdictions pushing the Trans Mountain expansion) to pay attention to British Columbia's legitimate concerns.

- Murray Mandryk argues that Scott Moe and the Saskatchewan Party need to start doing something more productive than taking potshots at the federal government - even if it's obvious that they're desperate to distract from their own failings and scandals.

- Finally, Yves Engler discusses the Libs' Bill C-59 - which goes beyond authorizing surveillance to also allow for aggressive "disruption".

Thursday, March 29, 2018

Thursday Morning Links

This and that for your Thursday reading.

- Mitchell Thompson discusses the absurdity of setting up Canada's banks for collapses and bailouts, rather than ensuring they serve the public interest. And Colin Butler reports on CUPW's continued push for a postal banking option to provide better service to far more people and communities.

- Barry Saxifrage writes about the glaring gap between Canada's supposed greenhouse gas emission reduction targets, and the minimal policies actually in place. And Emily Pasiuk notes that Saskatchewan is the worst offender in lacking even a willingness to take the first step of setting meaningful targets.

- Meanwhile, Geoff Leo reports on Andrew Stevens' concerns that Scott Moe will leave Regina on the hook for the waste and scandal linked to the Global Transportation Hub after already exploiting the city for a la carte services.

- Nathan Laurie warns of Doug Ford's plans to send Ontario over a fiscal cliff. And Chris Selley points out that voters looking for an alternative would be best served voting for the Andrea Horwath's NDP rather than the party cynically copying its plans.

- Finally, the Globe and Mail wonders why the Trudeau Libs are dragging their feet on any improvements to Canada's electoral system - not to mention appointing somebody to oversee it.

Tuesday, March 20, 2018

Tuesday Evening Links

This and that for your Tuesday reading.

- Dick Bryan argues that the minimum wage should reflect the financial risks faced by low-wage workers, while Nick Day offers some lessons in successful economic activism from the $15 and Fairness movement. And Yasemin Besen-Cassino points out that gender-based pay inequity starts from the moment people enter the workforce.

- Tom Wall notes that an attempt to provide housing for corporate benefit result in the UK's government paying wealthy landlords to exploit poor tenants. And Bertrand Badre discusses the need for the financial system to serve people, not the other way around.

- Meanwhile, Keith Spencer's observation that younger workers are increasingly anticipating that they have a better chance of retiring through a renewed social safety net than through individual savings. And Jasmin Gray explores the price of unpaid internships which preclude anybody who isn't already dependently wealthy from finding a place in the job market.

- Irene Mathyssen makes the case for Canada Post to add postal banking to its range of public services.

- Finally, D.C. Fraser reports on the continued failure of the Global Transportation Hub to accomplish anything other than enriching a few lucky corporations and Saskatchewan Party cronies. And Jason Warick highlights the Wall government's utter failure to save anything during boom times as setting Saskatchewan apart in lacking sovereign wealth.

Monday, September 18, 2017

Monday Morning Links

Assorted content to start your week.

- Ritika Goel writes that good jobs lead to all kinds of ancillary benefits to both the health of workers, and the strength of the overall economy:
We are in a time of increasing part-time, casual, temporary and contract work, with less access to benefits, insurance and pensions. Women, racialized people, single parents and immigrants like Michael are more likely to be in these positions of precarious work, which we know are bad for your health. 

Precarious work is linked to higher rates of repetitive strain muscular and joint conditions, as well as worse mental health. We also know that food-handling workers, like Michael, who have an infectious stomach illness cite not being able to afford taking a day off as the reason to come into work sick, potentially passing on their sickness.

A decent wage would allow Michael to contribute to his local economy by meeting his basic needs, save money to send to his family, perhaps move closer to this workplace, have time to build social connections and improve his mental health. Having paid sick days would allow him to recover when needed and not put the public at risk by handling food when unwell. In fact, having these measures implemented would allow Michael to better do his job. A study looking at employers who provide paid sick leave found that doing so was associated with fewer workplace injuries benefitting employers with a healthier workforce.

There is no doubt that the strong connection between good jobs and good health is widely proven in research. It thrills me to see that this is now also becoming a common perspective in the business world. At the Smart Employers Talk conference I attended this week, I got to hear directly from business owners who understand the importance of investing in their staff, so much that one employer referred to his workers as his company’s greatest asset. 
...
While I know some businesses have raised concerns about not being able to afford a $15 minimum wage, it gave me confidence to meet businesses owners from a variety of sectors who are already implementing and benefiting from these higher labour standards. They are proof that this can be done, and will benefit businesses on top of the health of workers and public health.
- Meanwhile, Paul Walsh discusses the pitch economy - where everything is a matter of constant competition - as the ultimate example of harmful precarity in work and life. And Jacqueline Nelson reports on a new study from the Bank of International Settlements showing how Canada is at risk due to high household debt levels.

- Melinda Trochu reports on a push by the Canadian Union of Postal Workers to ensure that our postal system provides needed services including banking and food shipping.

- Colin Perkel reports on Canadian doctors who support tax fairness - and are fighting to avoid being lumped in with professional associations and lobbyists invoking their profession to try to hinder it.

- Finally, Ross Belot writes that the Libs' hot air on climate change hasn't been matched with anything approaching commensurate action.

Wednesday, April 05, 2017

Wednesday Afternoon Links

Miscellaneous material for your mid-week reading.

- Owen Jones writes that excessive reliance on corporate profiteers is the reason why the UK's trains don't run on time. And Nora Loreto argues that postal banking is needed (among other reasons) to rein in abuses by Canada's biggest banks.

- Shannon Daub examines what British Columbia's voters want going into their provincial election next month - including a more progressive tax system and improved public services. Carol Linnitt points out that the Christy Clark Libs are instead running a slate of corporate lobbyists to further leech off the province. And Derrick O'Keefe discusses the desperate need for a change in government.

- Stefan Stern highlights the strong positive impact of an increased minimum wage on both general economic growth, and personal security for workers. And Josh Eidelson notes that U.S. voters have done their utmost to approve of higher minimum wages through direct ballot initiatives - only to have (mostly Republican) legislators try to undermine them at every turn.

- Meanwhile, Elise Gould and Celine McNicholas discuss the role unions play in ameliorating the gender wage gap.

- Finally, Samantha Craggs reports on the Hamilton Social Medicine Response Team's efforts to provide health services to vulnerable populations, which pointing out how much more work needs to be done in taking into account the social determinants of health.

Friday, March 31, 2017

Friday Morning Links

Assorted content to end your week.

- Rutger Bregman writes that the most extreme wealth in our economy is based on rents rather than productivity:
In reality, it is the waste collectors, the nurses, and the cleaners whose shoulders are supporting the apex of the pyramid. They are the true mechanism of social solidarity. Meanwhile, a growing share of those we hail as “successful” and “innovative” are earning their wealth at the expense of others. The people getting the biggest handouts are not down around the bottom, but at the very top. Yet their perilous dependence on others goes unseen. Almost no one talks about it. Even for politicians on the left, it’s a non-issue.

To understand why, we need to recognise that there are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.

But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.
...
What innovation remains in a rentier economy is mostly just concerned with further bolstering that very same economy. This may explain why the big dreams of the 1970s, like flying cars, curing cancer, and colonising Mars, have yet to be realised, while bankers and ad-makers have at their fingertips technologies a thousand times more powerful.

Yet it doesn’t have to be this way. Tollgates can be torn down, financial products can be banned, tax havens dismantled, lobbies tamed, and patents rejected. Higher taxes on the ultra-rich can make rentierism less attractive, precisely because society’s biggest freeloaders are at the very top of the pyramid. And we can more fairly distribute our earnings on land, oil, and innovation through a system of, say, employee shares, or a universal basic income.

But such a revolution will require a wholly different narrative about the origins of our wealth. It will require ditching the old-fashioned faith in “solidarity” with a miserable underclass that deserves to be borne aloft on the market-level salaried shoulders of society’s strongest. All we need to do is to give real hard-working people what they deserve.
- Nora Loreto reminds us of the potential for public-sector competition such as a postal bank to rein in the abuses of the private sector. And Joe Allen discusses the potential for the logistics sector to be a new organizing opportunity for workers.  

- Ilona Dougherty is rightly concerned with the prospect that an entire generation of workers is being told that it can't expect anything more than precarious work, while Murray Dobbin comments on the increasing stress and despair within the working class. Alexandra Sienkiewicz reports on the abuse of "part-time" classifications to suppress wages and benefits. And Frank Graves and Graham Lowe discuss what we'd see in workplaces which were actually intended to be smarter - rather than merely being more exploitative.

- Meanwhile, Jonathan Malesic argues that the U.S. shouldn't tie personal dignity solely to paid employment.

- Finally, Michael Harris writes about the slow-motion train wreck that is the Cons' leadership campaign.

Thursday, March 16, 2017

Thursday Morning Links

This and that for your Thursday reading.

- Erica Johnson reports that the problem of bank employees being pushed to fleece customers (legality be damned) is common to all of Canada's major banks. And Lisa Wright reports that the result will be a national investigation. But it's appalling that it took anonymous reports to the media for systemic abuses to be noticed and addressed - particularly when an obvious alternative to leaving personal finances in the hands of a privileged few has been summarily dismissed without explanation.

- James Tapper discusses how the privatization of the UK's power market resulted in soaring rates for the public, and massive profits for the lucky (and well-connected) corporations involved.

- Meanwhile, Martyn Brown offers a detailed set of ideas to clean up British Columbia's pay-to-play political scene. And Matt Robinson reports on Christy Clark's refusal to protect renters from being gouged by her wealthy donors.

- Jacob Swenson-Lengyel argues that progressives shouldn't limit our scope to building a response to right-wing fringe movements when the general public is broadly in agreement with our values. And the Broadbent Institute introduces its Change the Game project to chart a course for social democracy in Canada.

- Finally, Chantal Hebert compares the Cons' leadership race built on anger and chaos to the NDP's developing on a foundation of shared values and policy choices. Jordan Foisy also reviews the NDP's first debate. And Peter Julian's contribution to the Ottawa Citizen focuses on the need to make Canada work for everybody, not only for elites.

Sunday, January 22, 2017

Sunday Afternoon Links

This and that for your Sunday reading.

- Bessma Momani writes that Donald Trump's plan to leave the U.S. at the mercy of unregulated financial markets figures to cause another crisis comparable to - or worse than - that of 2008:
Nearly 10 years ago, the U.S. financial industry was exposed as a glorified Ponzi scheme that bundled toxic assets and failing mortgages into seemingly respectable pension plans and investment schemes that were sold across the world. The Obama administration spent its first term, with global support of the G20 and other countries focused on tighter international standards, to introduce regulations that the financial industry bitterly fought but lost. These regulations, loosely known as the Dodd-Frank act in the U.S. Congress, are about to be dismantled, bit by bit.
...
But it can get worse. In an era of what economists call secular stagnation, where we have a global savings glut, fewer global investment opportunities and low interest rates, global money is also pouring into the United States on expectations of a surge in infrastructure spending, a clampdown on offshore corporate tax havens and the lowering of Dodd-Frank financial regulations.

This is coinciding with global money leaving many emerging market economies that look geopolitically unsettled, such as Turkey, and those rattled by Mr. Trump himself, such as Mexico. With a euro zone that looks shaky in a post-Brexit era and experiencing a rise of nationalists competing in a slew of upcoming elections, ironically, the U.S. still manages to look like the safest investment for the capital industry. Meanwhile Chinese plutocrats are charging Communist Party members with corruption as President Xi Jinping conveniently also consolidates his hunger for centralized power, causing another slow exodus of Chinese wealth.

Here we have the perfect storm brewing of hot money going into the United States in search of higher interest rates and the likely dismantling of financial regulations meant to place a check on speculative bankers and investors. The end result might just be that we return to the same conditions of the mid-2000s, the eve of the international financial crisis. The sky is not yet falling, but the cracks are getting wider and wider and we ought to start listening to Chicken Little on the global economy.
- Meanwhile, Mike Palecek reminds us how Canadians could enjoy both improved accessibility and lower costs in banking services with a postal bank - so long as the possibility isn't squelched to preserve profits for private banksters.

- Dani Rodrik examines the sometimes-conflicting pressures in trying to reduce inequality at the level of both countries and individuals within them. And the Sunday Times reports on one practice sure to exacerbate both, as Italy is planning to require immigrants to perform unpaid labour in order to seek asylum.

- Finally, Sean McElwee examines why on abortion (and other issues) widely-shared progressive positions are losing out in the U.S. due to the lack of stronger connections between partisan politics and popular movements.

Wednesday, November 23, 2016

Wednesday Afternoon Links

Miscellaneous material for your mid-week reading.

- Roy Romanow writes about the dangers of focusing unduly on raw economic growth, rather than measuring our choices by how they actually affect people's well-being:
At the national level, the picture that emerges over the past 21 years is a GDP rebounding post-recession but Canadians literally continuing to pay the price. From 1994 to 2008, the living standards domain rose 23 per cent. Then it plummeted almost 11 per cent and has yet to recover. Gains made on reducing long-term unemployment and improving the employment rate were lost. Income inequality is rising. And, despite increases in median family incomes, millions of Canadians struggle with food and housing costs. When living standards drop, community, cultural and democratic participation follow suit. Surely, this is not our vision of equality and fairness in Canada.

(Canadians) were hardest hit in the leisure and culture domain, which declined by 9 per cent overall. We’re taking less time enjoying arts, culture, sports — even vacations — the very activities that help define us as individuals. On the eve of Canada’s sesquicentennial, household spending on culture and recreation is at its lowest point in 21 years.

To begin to narrow the gap, we can build on strengths, such as the education domain. Since domains are highly interrelated, we know that when more people graduate from high school and university, there is a positive effect on health and on almost all aspects of social, economic, and community participation. Strength in community vitality shows Canadians feel they belong and readily help one another. Collectively, we sense that action is required. There is growing support for forward-thinking programs, such as basic income and upstream health care approaches that tackle well-being issues at their roots.
- Neil MacDonald highlights some of the obvious problems with the Libs' plan to go even further down that road with an infrastructure bank. And Dru Oja Jay argues that instead of pushing to put all major infrastructure development under the control of the existing financial sector, the Libs should be working on building a banking system that works for people.

- Carl Zimmer discusses the devastating effect global warming is already having on the Arctic region. And CBC reports on the massive health benefits of eliminating the use of coal power.

- Finally, Chelsea Nash reports on Chief Electoral Officer Marc Mayrand's observation that there are necessarily tradeoffs between facilitating voting and centralizing information in the hands of political parties - and it should come as no surprise that the Cons are trying to prevent the former by claiming their entitlement to the latter. And Althia Raj reports that Thomas Mulcair is leading the charge to restore public funding in order to reduce the influence of big money in politics.

Friday, September 02, 2016

Friday Morning Links

Assorted content to end your week.

- Armine Yalnizyan writes that the response to the European Commission's finding that Apple has dodged $20 billion in taxes may tell us all we need to know about the relative power of governments and corporations:
The EC is also investigating state support received by Amazon and McDonalds in Luxembourg, a tax haven. Expect more costly court battles about the appropriateness of laws and systems of governance.

Since the 2008 economic crisis, giant corporations have gone from being “too big to fail” to “too big to pay.”

But as the big tax avoiders get feisty, so too are voters. The Panama Papers have made people aware of the hypocrisy: when those with deep pockets don't pay, everyone else pays more. Governments are legitimately worried about their finances, and more focused on tax fairness than in decades. But as corporations both fight and rewrite the rules, occasionally cash-starved, debt-ridden nations are being enlisted to support their agenda.

The Apple story is huge. It could presage the end of tax competition, as nations co-ordinate attempts to combat absurd levels of tax-dodging. Or it could signal growing dominance of corporate power over state power. High stakes, to be sure, in the evolution of 21st-century globalization.
- Meanwhile, Allan Sloan discusses how Mylan's profiteering in ratcheting up the price of EpiPens has been paired with glaring tax avoidance. And the NDP points out the conspicuous lack of any public benefit from the Libs' and Cons' track record of corporate tax slashing in Canada.

- Alex Hemingway writes about the costs of privatizing public infrastructure. And Thomas Walkom highlights the Libs' options in reviewing Canada Post's future - which include taking an obvious opportunity to better meet a large number of social needs through a postal banking system.

- Bloomberg View rightly argues that fossil fuel subsidies are about the dumbest possible type of public policy. And Samantha Page offers another reason why that's so by pointing out the devastating health effects of oil and gas production and distribution.

- Finally, Simon Enoch offers a much-needed warning to the rest of Canada as to what Saskatchewan faces with Brad Wall in power.

Sunday, August 21, 2016

Sunday Morning Links

This and that for your Sunday reading.

- Paolo Giuliano and Antonio Spilimbergo study (PDF) how the economic conditions an individual's youth influence enduring values - and find that the experience of an economic shock tends to lead to a greater appreciation of a fair redistribution of resources:
Consistent with theories of social psychology, this paper shows that large macroeconomic shocks experienced during the critical years of adolescence and early adulthood, between the ages of 18 and 25, shape preferences for redistribution and that this effect is statistically and economically significant.
...
Our findings are consistent with three broad interpretations. First, evidence from social psychology (and also neuroscience) shows that young adults are particularly responsive to the external environment, implying that later experiences are less relevant in shaping behavior.

A second interpretation regarding the persistent effect of macroeconomic shocks on beliefs is consistent with Cogley and Sargent (2008). The authors argue, in reference to the Great Depression, that macroeconomic shocks are “beliefs-twisting events,” whose influence can last long, because it takes a long time to correct the pessimistic beliefs induced by the depression, through the observation of macroeconomic data.

A third interpretation is consistent with theoretical work by Piketty (1995): the author argues that shocks could change people’s belief about the relative importance of luck versus effort as a driver of success. This belief, in his model, is related to the amount of taxes that people vote for and their preferences for government intervention. We find evidence consistent with his theory: the uncertainty created by macroeconomic shocks makes people believe that luck is more relevant than effort and, as a result, increases their desire for government intervention.
- And Esteban Ortiz-Ospina and Max Roser discuss the strong correlation between trust and long-term growth - signalling how much damage is done to everybody's interests when elites instead focus on short-term extraction of wealth for themselves.

- Jon Schwarz rightly lambastes Apple for refusing to pay corporate taxes to the U.S. until it's able to extract what it considers a satisfactory discount, while the UK has announced what may be a significant move to limit the tax avoidance industry. Mike Bird, Vipal Mongaand and Aaron Kuriloff report on the trend of corporations handing out massive dividends - in many cases borrowing to hand shareholders more than a business has earned in income. And Gary Fooks, Karen West and Kevin Farnsworth trace the ballooning of executive pay to a concerted effort to transfer income from other workers to the executive class.

- Michael Walker and Sarah Kaine note that a strike at the UK delivery service Deliveroo offers an important example as to how workers with precarious jobs can engage in successful collective action. And Roger Baird discusses the potential for organization throughout the gig economy.

- Meanwhile, Dean Beeby reports on the misuse of unpaid interns by the federal government - though as with the failure to pay workers under the Phoenix pay scandal, the Libs' inclination seems to be toward prolonged study rather than quickly rectifying gross violations of employment law. And Alicia Bridges reports on the continued lack of workplace safety standard compliance in Saskatchewan.

- Finally, Christo Aivalis discusses how a postal banking system would fit into the values that should inform all of our decisions about the future of public services in Canada.

Friday, August 12, 2016

Friday Morning Links

Assorted content to end your week.

- Owen Jones interviews Ha-Joon Chang about the foreseeable harm caused by the UK's austerity, as well as the false claims used to push it.

- The Stoney Creek News rightly argues that Canada Post should move toward posting banking in large part due to the potential to improve the level of service available for vulnerable groups. But Dean Beeby notes that Employment Insurance administration is just one of the many areas where the idea of actually assisting the public has been lost in favour of automation and corporatization.

- The Canadian Labour Congress points out a few of the policies which could offer much-needed opportunities and security for younger workers. And Jared Bernstein writes that an improved minimum wage (one of the CLC's recommendations) has worked exactly as hoped in Seattle, increasing workers' pay and length of employment without any of the threatened side effects.

- Mound of Sound highlights how Justin Trudeau has chosen to make Stephen Harper's industry-dominated National Energy Board his own, while Kai Nagata points out Trudeau's broken promises to put a credible review system in place before ramming through more project approvals. And Christopher Adams examines CAUT's investigation into the dubiously cozy relationship between the University of Calgary and oil-sector funders. 

- Finally, Murray Brewster exposes a Canadian-owned firm's sale of troop carriers for use in the ongoing war in South Sudan. And Don Pittis rightly notes that we should be less concerned with the nationality of a corporation's official ownership than with its actual behaviour.