Business

Thursday November 24, 2016

2016-11-24

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday November 24, 2016

Donald Trump Raises Prospect of Keeping Ties to His Firms

Donald Trump indicated Tuesday he was unlikely to disentangle himself from his business empire as fully as he previously suggested, raising questions about potential conflicts of interest while president.

Mr. Trump and his representatives said during the campaign he would have nothing to do with his businesses if he became president, promising a “total and complete separation.”

But since the election, Mr. Trump has met with foreign business partners and involved daughter Ivanka Trump in such discussions, even though he has said his children will run his companies during the presidency as a way to separate their operations from the White House.

On Tuesday, Mr. Trump told the New York Times that “the law’s totally on my side” and that “the president can’t have a conflict of interest.”

Mr. Trump’s comments came after the Republican contended with other concerns overhanging his transition. Trump University disclosed a $25 million settlement Friday resolve litigation involving allegations of fraud at the defunct organization. And Mr. Trump’s charitable foundation said in a tax filing that it had engaged in self-dealing 2015 and prior years that resulted from payments to “disqualified persons,” or foundation insiders.

The president and vice president are exempt from laws that make it a crime for all others working for the executive branch to use their public office for their own enrichment. (Source: Wall Street Journal)

 

Friday September 2, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Friday September 2, 2016 Trudeau and Chinese premier explore possibleÊfree trade deal Prime Minister Justin Trudeau has brought Canada closer to China after agreeing with the Chinese premier to deepen theÊcountriesÕ relationships Ñ and explore a possible free trade deal. After meeting with Trudeau, Chinese Premier Li Keqiang told reporters through a translator that Canada and China will launch aÊfeasibility study on an eventual free-trade deal. A senior Canadian official later said the two countries have ongoing technical discussions on free trade, but stressed that thereÊare no negotiations under way at this point. ÒThis year marks 45 years of diplomatic relations between Canada and China,Ó Trudeau said as he stood beside Li in BeijingÕsÊGreat Hall of the People, which overlooks Tiananmen Square. ÒMy father, Pierre Elliott Trudeau, played an important role in establishing a partnership between our two countries when heÊwas prime minister. So, IÕm very happy to be extending that effort now.Ó The countries also agreed to hold annual meetings between the Chinese premier and the Canadian prime minister on a range ofÊissues, including national security and the rule of law. (Source: Toronto Star) https://www.thestar.com/news/canada/2016/08/31/trudeau-and-chinese-premier-explore-possible-free-trade-deal.html Canada, China, globalization, free, trade, employment, economics, diplomacy, propaganda

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday September 2, 2016

Trudeau and Chinese premier explore possible free trade deal

Prime Minister Justin Trudeau has brought Canada closer to China after agreeing with the Chinese premier to deepen the countries’ relationships — and explore a possible free trade deal.

After meeting with Trudeau, Chinese Premier Li Keqiang told reporters through a translator that Canada and China will launch a feasibility study on an eventual free-trade deal.

A senior Canadian official later said the two countries have ongoing technical discussions on free trade, but stressed that there are no negotiations under way at this point.

 

 

“This year marks 45 years of diplomatic relations between Canada and China,” Trudeau said as he stood beside Li in Beijing’s Great Hall of the People, which overlooks Tiananmen Square.

“My father, Pierre Elliott Trudeau, played an important role in establishing a partnership between our two countries when he was prime minister. So, I’m very happy to be extending that effort now.”

The countries also agreed to hold annual meetings between the Chinese premier and the Canadian prime minister on a range of issues, including national security and the rule of law. (Source: Toronto Star)

2016-09-02tearsheet

 

Homeless Rag Helps Itself

RagSo the local Toronto homeless peoples rag – Toronto Street Connection Magazine – (sorry, no website exists) used one of my cartoons in their most recent issue. They didn’t get permission from me, even though I’d oblige to give it to them for free if someone had the courtesy to email. 
 
Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Thursday January 21, 2016 Justin Trudeau distances himself from Harper at World Economic Forum in Davos Prime Minister Justin Trudeau used his moment on the main stage of the World Economic Forum today in Davos, Switzerland to present Canada as uniquely suited for the transforming global economy. "If you are looking for a country that has the diversity, the resilience, the positivity and the confidence that will not just manage this change but take advantage of it, there has never been a better time to look to Canada." Trudeau spoke to a few hundred attendees inside the main hall at the WEF, attended annually by world leaders and the business elite. The prime minister and several of his cabinet ministers are there for four days of presentations and meetings. This year's summit is focused on the idea of the "fourth industrial revolution," the idea that rapid technological innovation will drive a new era of change in the global economy. "Today, we are gathered here to contemplate whether we are in the early stages of a fourth industrial revolution. What a breathtaking possibility that is," Trudeau said. "Steam power changed the world utterly. So did electricity and more recently, computers. And now we may be on the cusp of change equal in magnitude and of a far swifter pace." In explaining why and how Canada could lead be at the forefront of this change, Trudeau attempted to differentiate himself from Stephen Harper, who addressed Davos as prime minister in 2012. "My predecessor wanted you to know Canada for its resources," he said. "I want you to know Canadians for our resourcefulness." The public stage of the WEF's annual meeting in Switzerland is an obvious showcase for Trudeau and his ministers to be seen before the global elite. But the private meeting rooms of Davos will also be the stage for the unseen wooing of a wealthy audience, with the hope of attracting potential investors to Canada. B

January 21, 2016

But to block out my moniker, not to mention butcher the caption, well, it leaves me a bit steamed.

While I would love to contact someone who edits this 9335 circulation magazine and ask why they feel compelled to steal unsuspecting people’s work and remove all credit to the artist, a simple email address cannot be found, nor any physical address, except for mention of Glen’s old spot at Shopper’s near Yonge and St. Clair. I guess this is a homeless homeless paper.
 
Anyway, their motto ought to be “Helping Toronto’s Poor & Homeless Earn Some Extra Money by ripping off content providers”. Think about that when you hand over a toonie for this worthless rag – Toronto Street Connection Magazine.
Congratulations Toronto Street Connection Magazine, you may now boast being recipient of the latest Social Media Donkey Award.

Wednesday August 24, 2016

By Graeme MacKay, The Hamilton Spectator - Wednesday August 24, 2016 Locals outraged at OttawaÕs Òdeafening silenceÓ on steel industry Union leaders, Opposition MPs and even the Chamber of Commerce are pressing the federal government to help Canada's struggling steel industry. Two Hamilton Members of Parliament, three chambers of commerce and union leaders at the local and provincial levels separately have called for help for the industry and especially for retirees and workers in Hamilton. NDP MPs Scott Duvall (Hamilton Mountain)Êand Dave Christopherson (Hamilton Centre) have written to Economic Development Minister Navdeep Bains, saying the federal government has stayed on the sidelines too long. "To date, your government has not been tangibly involved in any way to help protect the jobs, benefits and pensions of current and former employees of USSC/Stelco despite commitments previously made by colleagues and the Prime Minister" they wrote. "Workers, pensioners, the business community and the City of Hamilton have all appealed for your help. So far, you and your government have been missing in action.Ó As a start, they want the government to release the "secret deal" that ended a lawsuit against U.S. Steel for breaking the production and employment promises it made to get government approval for the acquisition. They also back a call by the United Steelworkers union for a public inquiryÊinto Canadian bankruptcy law they say favours creditors at the expense of workers and retirees, and the 2007 takeover of Stelco by U.S. Steel. Duvall has raised the issue in ParliamentÊseveral times. U.S. Steel Canada, the former Stelco, has been under creditor protection since Sept. 16, 2014. It is seeking a buyer for the mills in Hamilton and Nanticoke. On the business front, chambers of commerce in Hamilton, Windsor and Sault Ste. Marie are taking a joint resolution to the Canadian chamber's national convention calling for a policy to protect the industry from unfair fo

By Graeme MacKay, The Hamilton Spectator – Wednesday August 24, 2016

Locals outraged at Ottawa’s “deafening silence” on steel industry

Union leaders, Opposition MPs and even the Chamber of Commerce are pressing the federal government to help Canada’s struggling steel industry.

Two Hamilton Members of Parliament, three chambers of commerce and union leaders at the local and provincial levels separately have called for help for the industry and especially for retirees and workers in Hamilton.

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Thursday September 26, 2015 Dispute over U.S. Steel Canada restructuring sent to mediation The dispute between United States Steel Corp. and its stakeholders over the future of U.S. Steel Canada Inc., has been sent to mediation by the Ontario Superior Court judge overseeing the Canadian unitÕs restructuring. The issues in dispute between the United Steelworkers union, the Ontario government, salaried active and retired employees, and a former president of its predecessor company Stelco Inc. on one side and U.S. Steel on the other, will be examined by former Ontario Superior Court associate chief justice Douglas Cunningham in a three-day session scheduled to begin next week. ÒThe mediation shall address the feasibility of a comprehensive agreement among the parties,Ó Justice Herman Wilton-Siegel said in an order. The mediation will also address a business plan for the Canadian unit, its potential sale, the shift of production of high value-added steel to the United States and U.S. SteelÕs claim of more than $2-billion against the Canadian unit. U.S. Steel Canada has been operating under the CompaniesÕ Creditors Arrangement Act since last September, but the announcement by its parent company that it plans to shift production of about 180,000 tons of high-quality steel annually out of its Canadian operations has sparked an imminent crisis in the restructuring. Shifting production would diminish the value of the Canadian assets in the eyes of potential buyers, steel industry sources said. U.S. Steel has started a sales process that has led to a bid by one competitor Ð Essar Steel Algoma Inc., which is based in Sault Ste. Marie, Ont., but has the backing of a deep-pocketed parent company in India. Potential buyers also need to wonder whether other steel-making contracts will be shifted out of Canada, leaving the Canadian operations to depend entirely on the spot steel market. Stakeholders have quest

Thursday September 26, 2015

NDP MPs Scott Duvall (Hamilton Mountain) and Dave Christopherson (Hamilton Centre) have written to Economic Development Minister Navdeep Bains, saying the federal government has stayed on the sidelines too long.

“To date, your government has not been tangibly involved in any way to help protect the jobs, benefits and pensions of current and former employees of USSC/Stelco despite commitments previously made by colleagues and the Prime Minister” they wrote. “Workers, pensioners, the business community and the City of Hamilton have all appealed for your help. So far, you and your government have been missing in action.”

As a start, they want the government to release the “secret deal” that ended a lawsuit against U.S. Steel for breaking the production and employment promises it made to get government approval for the acquisition.

They also back a call by the United Steelworkers union for a public inquiry into Canadian bankruptcy law they say favours creditors at the expense of workers and retirees, and the 2007 takeover of Stelco by U.S. Steel. Duvall has raised the issue in Parliament several times.

Thursday September 18, 2014

September 18, 2014

U.S. Steel Canada, the former Stelco, has been under creditor protection since Sept. 16, 2014. It is seeking a buyer for the mills in Hamilton and Nanticoke.

On the business front, chambers of commerce in Hamilton, Windsor and Sault Ste. Marie are taking a joint resolution to the Canadian chamber’s national convention calling for a policy to protect the industry from unfair foreign competition.

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Friday October 9, 2015 Decision on U.S. Steel Canada benefit, tax cuts Friday The judge presiding over U.S. Steel Canada restructuring hearings says he will render a decision Friday on a controversial plan to sever the subsidiary from its parent company and relieve it of tens of millions of dollars in pension benefit and municipal tax obligations. Justice Herman J. Wilton-Siegel said it is one of the toughest decisions he has had to make from the bench. He said he will give a short written summary of his decision tomorrow and then follow it up with a detailed explanation next week. Dozens of USSC retirees bused into Toronto again today and packed the courtroom where lawyers representing stakeholders gave their final submissions. A lawyer for the steelmaker reiterated the company's position that USSC was a victim of circumstances and changing market conditions that turned the business into a crisis requiring the difficult measures of the transition agreement. Pension benefit obligations were estimated to be $40 million before the end of this year and the company does not have the funds, he said. He refuted arguments from United Steelworkers lawyers that savings could be found elsewhere Ñ making the pension benefit hit unnecessary Ñ and that the company's grim fortunes were the result of steel orders being moved from the Canadian subsidiary to other U.S. Steel operations. United Steelworkers 1005 President Gary Howe said after the hearing that he expects the judge to go along with the company plan because it has the backing of the monitor overseeing the proceedings. In its most recent statement, the monitor said "a near-term cessation of operations will be necessary" if the company plan isn't accepted. (Source: Hamilton Spectator) http://www.thespec.com/news-story/5951456-decision-on-u-s-steel-canada-benefit-tax-cuts-friday/ Hamilton, U.S. Steel, Trade, Foreign Investment, subsidies, bailout, St

Friday October 9, 2015

“The biggest issue for us is dumping from China,” said Hamilton Chamber of Commerce president Keanin Loomis. “Obviously there’s a real issue of fairness there.”

Products are dumped in foreign markets when they are sold for less than their costs of production or with subsidies from a government.

“What we want is a level playing field in the global production and procurement process,” added Rory Ring, executive director of the Sault chamber. “We’re competing against companies that are either government owned or that operate with less than reasonable environmental and labour laws.” (Source: Hamilton Spectator)

 

 

Saturday June 25, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Saturday June 25, 2016 Nexit, Frexit or Italeave? British vote fires up EU's 'Outers' Britain's vote to leave the European Union fired up populist eurosceptic parties across the continent on Friday, giving fresh voice to their calls to leave the bloc or its euro currency. Right-wing and anti-immigrant parties in the Netherlands, Denmark, Sweden and France demanded referendums on membership of the union, while Italy's 5-Star movement said it would pursue its own proposal for a vote on the euro. Geert Wilders, leader of the Dutch anti-immigrant PVV party, said he would make a Dutch referendum on EU membership a central theme of his campaign to become prime minister in next year's parliamentary election. "I congratulate the British people for beating the political elite in both London and Brussels and I think we can do the same," Wilders told Reuters. "We should have a referendum about a 'Nexit' as soon as possible.Ó On Thursday, Britons voted to leave the 28-nation EU, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. "There is no future any more (for the EU)," Wilders said. France's far right National Front party also called for a French referendum on European Union membership, cheering a Brexit vote it hopes can boost its eurosceptic agenda. Party leader Marine Le Pen celebrated the result by displaying the British flag on her Twitter page. "Victory for freedom!" she said. "We now need to hold the same referendum in France and in (other) EU countries." Her deputy, Florian Philippot said: "Our turn now #Brexit #Frexit.Ó The populist anti-immigration Danish People's Party (DF), an ally of Denmark's right-leaning government, also called for a referendum on membership of the European Union. "I believe that the Danes obviously should have a referendum on whether we want to follow Britain or keep things t

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday June 25, 2016

Nexit, Frexit or Italeave? British vote fires up EU’s ‘Outers’

Britain’s vote to leave the European Union fired up populist eurosceptic parties across the continent on Friday, giving fresh voice to their calls to leave the bloc or its euro currency.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Wednesday June 22, 2016 ÔBrexitÕ Vote Will Change Europe, No Matter the Outcome If the U.K. decides in ThursdayÕs referendum to leave the European Union, it would shake the continent to its political foundations. Even if it stays, the bloc may never be the same. A decision to leave, which would be a first by a member nation, would deepen the crisis facing a continent already struggling with economic weakness, debt problems, large-scale migration and growing geopolitical instability to its south and east. At a minimum, politicians and officials say, a British exit would transform the blocÕs balance of power. Negotiations over a new relationship would consume the EUÕs energy at a time when European institutions are struggling to respond to the other problems. A U.K. exit also could disrupt financial markets and fire up anti-EU forces in other countries. Whether or not the U.K. leaves, change is coming. In February, U.K. Prime Minister David CameronÊstruck a deal with the rest of the EU to restrict migrant benefits and detach Britain from the blocÕs push for an Òever closer union.Ó Mr. CameronÕs effort to claw back power from Brussels, coupled with the referendum at home, is an approach that other European politicians are promising to follow, potentially fragmenting the bloc further. The referendum, at a minimum, has delivered a shock to EuropeÕs political classes, calling into question what some had once regarded as an inevitable march toward a federal EU. ÒObsessed with the idea of instant and total integration, we failed to notice that ordinary people, the citizens of Europe, do not share our Euro-enthusiasm,Ó European Council President Donald Tusk observed in a speech in late May. ÒThe specter of a breakup is haunting Europe, and a vision of a federation doesnÕt seem to me like the best answer to it.Ó (Continued: Wall Street Journal)Êhttp://www.wsj.com/articles/brexit-vote-will-change-europe-no-mat

June 22, 2016

Right-wing and anti-immigrant parties in the Netherlands, Denmark, Sweden and France demanded referendums on membership of the union, while Italy’s 5-Star movement said it would pursue its own proposal for a vote on the euro.

Geert Wilders, leader of the Dutch anti-immigrant PVV party, said he would make a Dutch referendum on EU membership a central theme of his campaign to become prime minister in next year’s parliamentary election.

“I congratulate the British people for beating the political elite in both London and Brussels and I think we can do the same,” Wilders told Reuters. “We should have a referendum about a ‘Nexit’ as soon as possible.”

On Thursday, Britons voted to leave the 28-nation EU, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.

“There is no future any more (for the EU),” Wilders said.

France’s far right National Front party also called for a French referendum on European Union membership, cheering a Brexit vote it hopes can boost its eurosceptic agenda.

Party leader Marine Le Pen celebrated the result by displaying the British flag on her Twitter page.

Friday September 19, 2014

September 19, 2014

“Victory for freedom!” she said. “We now need to hold the same referendum in France and in (other) EU countries.” Her deputy, Florian Philippot said: “Our turn now #Brexit #Frexit.”

The populist anti-immigration Danish People’s Party (DF), an ally of Denmark’s right-leaning government, also called for a referendum on membership of the European Union.

“I believe that the Danes obviously should have a referendum on whether we want to follow Britain or keep things the way we have it now,” DF party leader Kristian Thulesen Dahl said.

In Sweden, the anti-immigration party the Sweden Democrats, which has the support of around 17 percent of voters according to a poll last month, said it would step up pressure for change.

September 4, 2015

September 4, 2015

“We demand that Sweden immediately starts to renegotiate the (EU) deals we have made and that the Swedish people will be able to speak up about a future EU-membership in a referendum,” party leader Jimme Akesson said.

Austria’s far-right Freedom Party (FPO) called for the heads of the European Commission and European Parliament to resign after the Brexit vote, and said it may also call for a referendum unless the EU is reformed.

Italy’s second most popular party, the opposition 5-Star Movement described the result as a lesson in democracy and promised to pursue its own proposal for an Italian referendum on the euro.

The right-wing Northern League, a member of Italy’s opposition center-right, was more outspoken. “Thank you Great Britain, next it is our turn,” party leader Matteo Salvini said.(Source: Reuters)

Published in the Kitchener-Waterloo Record

Published in the Kitchener-Waterloo Record