Sunday, July 29, 2012

Sunday Afternoon Links

Assorted content to end your weekend.

- Lana Payne criticizes two forms of cash hoarding: both the assets sitting idle in corporate coffers, and the money that's been funneled offshore by wealthy individuals:
By the end of each episode (of "Hoarders")...the audience finds out if the featured hoarders have been able to get their behaviour under control or if they have “fallen into the deep end of this painful disease.”
The difference between these hoarders and those we have been reading about in recent days in newspapers like The Guardian and The Globe and Mail is that one group acquires “a large number of possessions that others would consider useless,” and the other acquires possessions of value like cash and assets.

But both suffer from the inability to discard their hoarded possessions.

Take corporate Canada. Progressive economists have been complaining for some time about their cash and asset hoarding. Canada’s Governor of the Bank of Canada, Mark Carney, has also been critical of corporate Canada’s hoarding practices, saying there is no reason keeping Canadian companies from investing.

Certainly they have been given incentive enough to do so. But billions in corporate tax cuts have instead been stockpiled on top of their more than half a trillion dollars in cash reserves, rather than invested in the economy.
 - The Star-Phoenix editorial board worries that the Council of the Federation's attempts to encourage cooperation on health care will come to nothing if we can't count on a federal government to take on exactly the leadership role the Harper Cons have abandoned:
Although eight years ago Ottawa was setting conditions on its grants and even talking about a national pharmacare program, including a universal bulk-buying strategy to control costs, the Harper government is clear about its disinclination to be a big part of Canada's flagship social contract.

Without any federal leadership, Canadians can expect their health system, like the dream of a national energy strategy, to be sacrificed at the altar of narrow-minded provincial politics.
- Dr. Dawg highlights the absurdity of the RCMP labeling anybody who dares to express concern about an anti-environment government and its resource-sector puppeteers as a security threat.

- Finally, I don't expect the suggestion to get far for a multitude of reasons. But Ralph Surette's proposal that younger Liberals (including Justin Trudeau) ought to turn their individual efforts to building the NDP at least offers a more plausible means to unite the vast majority of Canadian progressives than formal merger plans which would inevitably result in years of wrangling among two separate party structures.

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