Canada

Thursday May 7, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday May 7, 2020

Farmers expected a miracle. No wonder they’re disappointed by Ottawa’s aid package

July 29, 2014

When the Canadian Federation of Agriculture laid out a $2.6-billion ask last week to help farmers endure the COVID-19 pandemic, they were setting the bar very high. And so it is little wonder that Prime Minister Justin Trudeau’s Tuesday announcement of a program worth barely $252-million sent the farming community reeling.

Fair enough. The funding announcement was indeed underwhelming, and it will not be enough to get some of those on the precipice to stick around. Many will exit the industry, regrettably. Our preannouncement estimates were that as many as 15 per cent of our farms could be lost by year’s end due to COVID-19; Ottawa’s plans will not change that.

August 10, 2019

The $125-million program to support livestock raises a variety of questions. Executing the program will take time, something producers do not have. Few details were given about the role of provinces or how much farmers will receive. The measures presented will likely not prevent more animals from being euthanized in the days to come. Along with milk dumping, COVID-19 is serving up case studies on a silver platter for animal-rights activists. It’s a shame that our farmers have been put in this position.

May 22, 2019

Losing farms will not compromise our nation’s food security, however. Farmland doesn’t just disappear, as it can always be exploited by someone else. But the most significant concern is how we can create jobs and wealth in rural economies located far from urban centres. This should be a priority; occupying our vast nation’s topography should be top of mind, from coast to coast to coast. Ottawa doesn’t show that it cares for rural communities enough – or for agriculture, for that matter – but it should, before it’s too late.

Coronavirus cartoons

Its response to farmers pleading for help was unsurprisingly slow as well. In the United States and Europe, most governments have provided pandemic-related financial aid directly to farmers weeks ago. In the United States, every American is providing $86 in support for agriculture by way of government-sanctioned programs; in Europe, it is over $90 per capita. Here in Canada, each of us giving six measly dollars to support agriculture. Farmers have every right to be disappointed. (Globe & Mail)


 

Saturday May 2, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday May 2, 2020

Tiff Macklem to lead the Bank of Canada

Finance Minister Bill Morneau has appointed Tiff Macklem, the former senior deputy governor of the Bank of Canada, to take over the top job at the central bank as it navigates the uncertainty of a pandemic-driven recession.

February 11, 2009

Macklem is currently the dean of the Rotman School of Management in Toronto, but had spent decades with the Bank of Canada before starting that appointment. 

Macklem began his career at the bank in 1984. He was widely expected to win the contest for bank governor in 2013, but was beaten out by Stephen Poloz, who was then CEO of Export Development Canada.

Poloz’s term ends June 2. 

The transition to new leadership comes as millions of Canadians have signed up for government aid and companies big and small are relying on federally backed wage subsidies to weather the COVID-19 pandemic.

During Friday’s announcement, Morneau said he’s confident Macklem’s expertise in financial markets will help the central bank navigate an economic crisis never before seen in Canada.

Coronavirus cartoons

“The bank has to be humble about what it doesn’t know. There’s a lot we don’t know about this disease. There’s a lot that medical experts don’t know about this disease,” Macklem said during his unveiling in Ottawa.

“But the Bank of Canada has tremendous analytic economic financial capacity to analyze what’s going on in the economy, and the important role for the Bank of Canada is to provide Canadians with as much information as it can honestly provide as to what is happening and what the recovery could look like, recognizing that we’re probably going to have to look at more than one scenario.”

In the past months, Poloz and Morneau have appeared at several joint news conferences to show a co-ordinated approach on monetary and fiscal policy to deal with the economic fallout of the pandemic and global oil shocks.

Morneau has announced more than $250 billion in direct financial aid, credit support and tax deferrals to help offset the impact of the COVID-19 pandemic. (CBC) 

 

Friday April 30, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday April 30, 2020

Coronavirus Proves Capitalism Has Always Been a Lie

April 2, 2020

As the coronavirus pandemic continues to cause mass death and upheaval around the world, there has been an unexpected side effect: it has unmasked capitalism. In the U.S., this unmasking can be seen in both the Federal Reserve’s actions as well as Congress’ coronavirus aid legislation, the CARES Act, both of which reveal critical truths about an economic system that has been sold to working people as one thing and as quite another to banks and corporations. To shed some much needed light on the intricacies of our financial situation during the latest crisis, “Scheer Intelligence” host Robert Scheer spoke with acclaimed economist and attorney Ellen Brown. 

There are plenty of parallels to be drawn between the last financial crisis and the coronavirus pandemic, with the clear exception being that now we’re not just dealing with a broken economy but with a deadly virus. Brown, who has written over a dozen books on economics and is the founder of the Public Banking Institute, explains how, unfortunately, the Covid-19 bailouts will once again betray Americans just as the 2008 stimulus did. 

November 14, 2008

“In 2008 the bailout was basically of the banks, or we had quantitative easing that went to the banks,” the author tells Scheer. “And then the idea was that the banks were supposed to lend that into the real economy, but of course, they didn’t do it. … But now we have even more credit facilities [and] the problem is, they’re all going to help the big corporations, and the hedge funds, and virtually every sort of shady business. Things the Federal Reserve couldn’t lend to before, [but] now they have new ways of doing it.”

The nefarious uses of the CARES Act have been blasted all over the press, and now news has emerged that the Federal Reserve is planning on handing big corporations a whopping half a trillion dollars with “no strings attached” and zero interest. As Scheer points out, however, this seemingly miraculous economic response at times of crisis, when money is suddenly conjured out of thin air, is nothing new. 

“The fact is, this is like what happens in wartime. You know, you had the Great Depression, [and when ] we went to war, suddenly [Franklin Delano] Roosevelt was able to really spend money,” says the “Scheer Intelligence” host, “And as a result, we got out of the Great Depression. In wartime, the government just prints money, finds it somewhere, and no questions asked. 

Coronavirus cartoons

“And that’s what happened now,” Scheer goes on. “Because of this pandemic, Congress just said, OK, we’re going to find–what, you said $4 trillion; I’m sure it’ll grow to $8 trillion. They don’t do that ever about, say, dealing with poverty or education, or any of these things; they always are very tight with the dollar. But now, because we have this warlike situation, they can suddenly find this money, and they can spend it in a totally unaccountable way.”

March 7, 2020

But just as the deadly pandemic is becoming yet another opportunity for Wall Street and corporations to swindle the public with the help of the government, it’s also finally made one thing very clear: Universal Basic Income is absolutely possible. 

“As you say, if they could find the money for all that,” Brown tells Scheer in response to his summary regarding how money has always been funneled to the top, “they could clearly find the money for the people. My preferred option [is what] they call ‘helicopter money.’ Money that’s just created by the Federal Reserve and flown–theoretically, the original term came from flying helicopters over the people and just dropping the money equally on everybody. And we could still do that, and that’s called a Universal Basic Income.”

Brown goes on to explain in detail why it’s not only affordable, but won’t cause the massive inflation that critics so often write about whenever the measure is suggested.

“It’s not going to be inflationary,” she explains, “and that’s because of the way money comes into existence. We don’t really have a money system; we have a credit system. All of our money is credit; it’s created as credit on the books of banks, and it’s extinguished when the loans are paid off.” 

Perhaps her most shocking calculation is that were the current stimulus money to be divvied up and sent directly to families, it would end up being $13,000 per person, not the measly $1,200 the government is sending out as a one-off. Where, you may ask, did all the rest of that money go? As Brown and Scheer continually remind us, it’s been sent to the companies that pull all the strings in our rigged system. (KCRW) 



 

Thursday April 30, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday April 30, 2020

School boards grapple with how to make Quebec’s ‘improvised’ back-to-school plan work

Coronavirus cartoons

School board administrators across Quebec have two to three weeks to figure out how to organize bus transportation, classroom layouts and recess protocols, after the provincial government decided it would be the first in the country to reopen public schools.

Premier François Legault announced Monday that elementary schools in most regions of Quebec will reopen May 11, while those in the greater Montreal region, where there are far more cases of COVID-19, would have an extra week to get ready for a May 19 start date.

The chair of the Eastern Townships School Board, Michael Murray, said there are still many unknowns, including how he’ll manage to get his students to school in the first place, with 80 per cent of the student body relying on bus transportation. 

Quebec Cartoons

Physical-distancing rules mean only one student per bench, so buses can carry just a fraction of the students they usually do.

“Typically our buses run pretty full, so we would need four times the number of buses in order to transport students,” said Murray.

Education Minister Jean-François Roberge said Tuesday while bus transportation will be “a challenge”, he said there will be more room because high-school students will be staying home.

“I think we will be able to manage it,” Roberge said. Among the measures the government is suggesting is putting up plexiglass between drivers and the students as added protection, especially for drivers over the age of 60.

The chair of the Central Quebec School Board, Stephen Burke, doesn’t think it will be that easy to solve the transportation issues.

He said his school board covers a third of the province’s territory — from Quebec City to Shawinigan to La Tuque — and 90 per cent of students take the bus.

“Those are issues that I don’t believe the minister or the government has really understood — nor what it means to reopen a school board such as ours,” Burke said. (CBC) 

 

Tuesday April 28, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday April 28, 2020

Conservatives are struggling to make their mark in the midst of a crisis

It’s been a rough six or seven weeks for most Canadians. Politically, it’s been especially tough time for the Conservative Party and its outgoing leader, Andrew Scheer.

Andrew Scheer Gallery

While the House of Commons has been shuttered for weeks due to the pandemic, Prime Minister Justin Trudeau has been holding daily press conferences, as have some of his most important cabinet ministers. While the House has resumed reduced operations — a once-weekly in-person sitting and two virtual sittings — the stage is not nearly as large as it was before.

That hasn’t kept Scheer from taking to the airwaves. Unlike most provincial opposition leaders across the country (Alberta’s Rachel Notley being one notable exception), the Conservative leader has been holding regular press conferences of his own.

While Scheer has tried to use that platform to lay out his criticisms of the government’s handling of the COVID-19 pandemic, he has at times been knocked off-message — for example, by questions about comments made by Derek Sloan, a Conservative MP and candidate for the leadership of the party, regarding the loyalty of Dr. Theresa Tam, the country’s chief public health officer.

Most provincial opposition leaders have kept relatively low profiles, with adjourned legislatures limiting them to press releases, email and social media to get their messages out.

Those efforts are unlikely to boost their popularity — particularly in the face of polling that suggests provincial governments have widespread support for their efforts to contain the spread of COVID-19.

But it doesn’t seem that Scheer’s more active approach is doing him or his party any favours, either. (CBC) 

March 27, 2020

Meanwhile, Ontario Premier Doug Ford called anti-lockdown protesters at Queen’s Park on Saturday “a bunch of yahoos” and said they were being “selfish” and “irresponsible” for demonstrating against provincial emergency orders in place to slow the spread of COVID-19.

Scores of people gathered on the Ontario legislative grounds on Saturday afternoon to call for an end to the shutdown of many services, businesses, activities and public spaces across the province amid the pandemic. At its peak, the protest drew about 200 people.

Ontario has been under a state of emergency for 40 days and much is closed as the number of COVID-19 deaths, hospitalizations and cases continues to rise. 

Ford, when asked by a reporter at a news conference about the protesters, blasted their actions. 

“These people that are absolutely irresponsible, it’s reckless to do what they’re doing. Personally, I think it’s selfish,” Ford said. (CBC) 

Meanwhile, Conservative MP Pierre Poilievre took aim at the Liberals’ coronavirus stimulus programs on Sunday, saying that while his party supports compensating Canadians amid the pandemic, the measures are not working as intended.

“These massive programs will be like a gigantic experiment in freakonomics because in many cases they are having the opposite of their intended effect,” he told reporters. (Global) https://globalnews.ca/news/6870332/coronavirus-freakonomics-conservative/

April 23, 2020

Meanwhile, President Trump’s public statements about using disinfectants to potentially treat the coronavirus have put him in the company of pseudoscientists and purveyors of phony elixirs who promote and sell industrial bleach as a “miracle cure” for autism, malaria and a long list of medical conditions.

The president’s comments, at a White House briefing last week, have already prompted widespread incredulity, warnings from health experts and a spike in calls to poison control centers around the country. The makers of Clorox and Lysol urged Americans not to inject or ingest their products. (New York Times)