Navigating troubling economic waters

Down south, the Obama administration is in a dangerous game of chicken with Republican congressional leaders, who are cynically holding the US economy hostage in order to impose a radical agenda of spending cuts. Obama has seemingly bought into the rhetoric of cutting debt, rather than focusing on the real…
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The Riddle of the Middle

It’s like a bad riddle: almost everyone thinks they belong to it, but few can define what it is. Politicians claim to champion it, but it’s increasingly difficult to determine what it actually wants. And, often, when we talk about it, we’re really only referring to part of it—the part…
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Corporate Canada’s Cash Stash

Statistics Canada figures indicate that private non-financial corporations held $471 billion of cash in the first quarter of 2011 ($322 billion of Canadian currency plus $149 billion worth of foreign currency). Including short-term paper would bring this total to half a trillion dollars, enough to pay off the national debt…
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Canada Doesn’t Deserve the Silver

It has been widely reported in the Globe and elsewhere that Canada ranks #2 in the just-released OECD Better Life Index, outstripped only by Australia. I am all for measures of objective and subjective social well-being that go beyond GDP as a measure of progress, and this OECD report offers…
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