MacKay - Canadian Editorial Cartoons
mackaycartoons

Graeme MacKay's Editorial Cartoon Archive

  • Who?
  • Copyright
  • Boutique
  • Kings & Queens
  • Prime Ministers
  • Presidents
  • The French Monarchy Project
  • DOWNLOADS

money

Friday November 19, 2021

November 19, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, (Not published in The Hamilton Spectator) – Friday November 19, 2021

Capitalism is killing the planet

There is a myth about human beings that withstands all evidence. It’s that we always put our survival first. This is true of other species. When confronted by an impending threat, such as winter, they invest great resources into avoiding or withstanding it: migrating or hibernating, for example. Humans are a different matter.

4 Waves Cartoon

When faced with an impending or chronic threat, such as climate or ecological breakdown, we seem to go out of our way to compromise our survival. We convince ourselves that it’s not so serious, or even that it isn’t happening. We double down on destruction, swapping our ordinary cars for SUVs, jetting to Oblivia on a long-haul flight, burning it all up in a final frenzy. In the back of our minds, there’s a voice whispering, “If it were really so serious, someone would stop us.” If we attend to these issues at all, we do so in ways that are petty, tokenistic, comically ill-matched to the scale of our predicament. It is impossible to discern, in our response to what we know, the primacy of our survival instinct.

Here is what we know. We know that our lives are entirely dependent on complex natural systems: the atmosphere, ocean currents, the soil, the planet’s webs of life. People who study complex systems have discovered that they behave in consistent ways. It doesn’t matter whether the system is a banking network, a nation state, a rainforest or an Antarctic ice shelf; its behaviour follows certain mathematical rules. In normal conditions, the system regulates itself, maintaining a state of equilibrium. It can absorb stress up to a certain point. But then it suddenly flips. It passes a tipping point, then falls into a new state of equilibrium, which is often impossible to reverse.

Human civilisation relies on current equilibrium states. But, all over the world, crucial systems appear to be approaching their tipping points. If one system crashes, it is likely to drag others down, triggering a cascade of chaos known as systemic environmental collapse. This is what happened during previous mass extinctions. (Continued: The Guardian) 

November 19, 2021

Atmospheric rivers of the kind that flooded British Columbia and renched California in recent weeks will become larger — and possibly more destructive — because of climate change, scientists said.

Columns in the atmosphere hundreds of miles long carry water vapour over oceans from the tropics to more temperate regions in amounts more than double the flow of the Amazon River, according to the American Meteorological Society.

These “rivers in the sky” are relatively common, with about 11 present on Earth at any time, according to NASA.

But warming air and seas around the globe causes conditions that scientists said will make them hold more moisture, causing extreme precipitation when they make landfall, often on the west coasts of North America, South America and Western Europe.

Because of climate change, atmospheric rivers are projected to become slightly less frequent, but more intense, according to a 2018 study led by researchers from NASA’s Jet Propulsion Laboratory.

“There may be fewer, but they are going to be lasting longer, and more intense,” Vicky Espinoza, an author of the NASA study who is now a graduate student at the University of California Merced, said.

Atmospheric rivers will become about 10% less frequent by the end of this century, but about 25% longer and wider, the study found. That will lead to nearly double the frequency of the most intense atmospheric river storms. (Continued: CTV) 

 

Posted in: Canada, International, Lifestyle Tagged: 2021-39, atmospheric river, British Columbia, Canada, capitalism, climate change, environment, money, profit, profiteering, Science, Tourism, wealth, yacht

Thursday September 2, 2021

September 9, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday September 2, 2021

Liberal Party releases multibillion-dollar election platform for post-pandemic recovery

The Liberal Party released its election platform today — an ambitious document that offers billions in new spending to address both long-standing policy problems and new ones that have emerged during the past 19 months of the pandemic crisis.

February 12, 2016

The sprawling, 53-page platform proposes $78 billion in new spending. It differs substantially from the Conservative plan released earlier in this campaign in that it proposes to invest more in Liberal priorities — such as efforts to fight climate change, Indigenous reconciliation and the arts and cultural sector — while promising tighter restrictions on firearms and new money for provinces that ban handguns.

The party is also promising to restore employment to pre-pandemic levels and go “beyond” its previous pledge to create one million jobs by extending the Canada Recovery Hiring Program — which subsidizes businesses that hire new workers — until March 2022. It also accuses the Conservatives of being “opposed to support for workers and businesses.”

The Liberal platform says a re-elected Liberal government would pump billions of dollars into the health system to help clear pandemic-related surgical backlogs and hire 7,500 new doctors, nurses and nurse practitioners.

September 19, 2020

The Liberals would also earmark $1 billion in new funding for provinces that implement a ban on handguns — something gun control advocates have long demanded.

The centrepiece of the Liberals’ housing program is a “first home savings account” — a program that would “combine the features of both an RRSP and a TFSA” in that money added to the account would go in tax-free and could be withdrawn without any taxes owing on investment gains.

The program, which would cost the federal treasury some $3.6 billion over the next four years, is meant to make it easier for some first-time homebuyers under 40 years of age to scrape together enough money for a down payment.

The Liberals would also introduce a new dedicated funding stream for mental health services that would send the provinces and territories at least $2 billion more per year for mental health care by 2025-26.

October 1, 2019

O’Toole said the Liberal platform amounts to “recycled promises with some tweaks” and lacks “a complete plan for an economic recovery as a country.”

“I think Canadians deserve better than that. Mr. Trudeau called the election and just recycled some promises he’s already failed to deliver on from the previous election,” O’Toole said. “Canadians are tired of that. We deserve better, we deserve change, we deserve a government with a plan and one that will deliver.”

He said Trudeau was “running massive deficits before COVID-19” and is now piling on more costly promises. O’Toole has promised to balance the budget in ten years’ time by reining in the growth of public spending “without cuts.” (CBC) 

 

Posted in: Canada Tagged: 2021-30, Canada, election2021, Erin O’Toole, Jagmeet Singh, Justin Trudeau, money, money tree, platform, promises, spending

Thursday November 19, 2020

November 27, 2020 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday November 19, 2020

The province is dodging the truth on COVID-19 in long-term care

On Monday, Ontario’s long-term-care minister, Merrilee Fullerton, assured Ontarians that in spite of COVID-19 spreading through long-term-care homes, they’re actually doing better than they did in the first wave of this pandemic.

June 17, 2020

Speaking at Queen’s Park, the minister summed up: “There’s no doubt that lessons have been learned from the first wave and the data shows our homes are doing much, much better.”

Really? On Tuesday, 26 of 32 new COVID-19 deaths were in care homes. The province says 678 nursing home residents have the virus. And 100 of the province’s 626 care homes have outbreaks. 

Does that sound like “much, much better” to you? It doesn’t to us, either. And it doesn’t to many health experts. 

Health experts like Dr. Amit Arya of McMaster University, who described the first wave in long-term care as “a horror movie” and who says now: “We really have not done anything close to what we should have done to prepare for the second wave.”

Natalie Mehra, executive director of the Ontario Health Coalition, agrees. She has said in media reports: “It’s devastating … The numbers right now are just exploding.” She also says “we’re shaping up to have a worse second wave.”

Indeed, according to Doris Grinspun, CEO of the Registered Nurses’ Association of Ontario: “The number of residents with COVID is increasing, the number of staff with COVID is increasing and the number of residents who die is increasing. How can anyone sleep well at night with that?”

May 27, 2020

It’s a good question. Notwithstanding Minister Fullerton’s claims to the contrary, it doesn’t seem as if Ontario’s retirement home care system is in a better place than it was during the first wave. It’s clear that the Ford government is concerned and has been trying to put improvements and protections in place, but the reality is that it started too late, and it had repeated warnings during and after the first wave.

The Registered Nurses’ Association, for example, asked the government to make investments in staffing with registered nurses, nurse practitioners, registered practical nurses and personal support workers in homes across Ontario. The government didn’t act. And so when the second wave hit, staffing levels were already at or below operative minimum, and that was before staff began to get sick and be absent. 

The government’s own LTC commission, in its interim report on fixing the system, released a series of recommendations urgently calling for action on things like staffing levels and compensation. Fullerton said her department was “carefully reviewing” the recommendations. 

July 17, 2020

This is all happening at the same time as a Toronto Star investigation revealsprivate LTC operation is such a lucrative business opportunity, private equity funds are being set up to cash in on the potential. That’s not surprising given the shortage of beds that continues to exist and our aging population. 

But keep in mind this is specifically about private, for-profit LTC operations. In Ontario, for-profit homes account for a little more than half of the province’s long-term-care beds. But they also accounted for 70 per cent of COVID deaths in the first wave of the pandemic. According to a Star analysis, so far in the second wave for-profit homes have just under 80 per cent of the deaths.

So if you’re a wealthy investor, there’s money to be made in for-profit long-term care. What is less clear is whether the for-profit model, where the bottom line is always going to competing for the top priority, even over resident care, has a place in the long-term-care system. That the government isn’t even considering that is troubling. (Hamilton Spectator Editorial)

Posted in: Ontario Tagged: 2020-39, Canada, comfort, Doug Ford, fire, long term care, money, money bag, nursing home, Ontario, wealth

Thursday August 27, 2020

September 3, 2020 by Graeme MacKay

August 27, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday August 27, 2020

Doug Ford praises appointment of ‘amazing’ Chrystia Freeland as federal finance minister

“Amazing.”

“Incredible.”

November 21, 2019

Those were just two of the adjectives the Progressive Conservative premier of Ontario used to hail the new federal Liberal finance minister.

“I absolutely love Chrystia Freeland. She’s amazing. I’ll have her back, I’ll help her any way we can,” an elated Premier Doug Ford said Tuesday.

As first revealed by the Star’s Susan Delacourt in April, the COVID-19 pandemic has forged a close friendship between Ford and the deputy prime minister.

The premier was visibly delighted that Freeland, who represents University-Rosedale in the House of Commons, is succeeding departing Toronto Centre MP Bill Morneau as federal treasurer.

December 11, 2019

“I want to congratulate my good friend Chrystia Freeland. An amazing person. I actually texted her this morning to say congratulations. I don’t know how she’s going to do it. She’s working around the clock now,” Ford told CityNews’s Jamie Tumelty in Scarborough.

“There’s no one that would be better in that role than Chrystia Freeland,” he said, pointedly declining to comment on the WE Charity scandal that triggered Morneau’s resignation.

“I’m not going to get into that federal politics. That’s up to the prime minister to deal with. We’ve been working very collaboratively together.”

The premier predicted Freeland would be a good partner for Queen’s Park, which is seeking additional federal funding for infrastructure projects.

“If there was one person, I have confidence in, it is Chrystia Freeland. She’s going to do an incredible job,” said Ford. (Toronto Star) 

March 27, 2020

Now this just in: With less than two weeks to go before most schools are set to welcome back students for the fall term, Prime Minister Justin Trudeau today announced more than $2 billion in funding to help provinces and territories re-open their schools and economies safely.

The announcement comes as some provinces are reporting increases in the number of confirmed COVID-19 cases.

The funding is meant to allow provinces and territories to work with local school boards to implement measures to protect students and staff from COVID-19. The money can be used to help adapt learning spaces, improve air ventilation, increase hand sanitation and hygiene and buy extra personal protective equipment (PPE) and cleaning supplies. (CBC) 

Posted in: Canada, Ontario Tagged: 2020-28, back to school, Canada, Chrystia Freeland, Coronavirus, covid-19, Doug Ford, education, Justin Trudeau, money, Ontario, pandemic, reopening, schools, Stephen Lecce, trenches, unicorn, war

Friday April 16, 2020

April 24, 2020 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday April 16, 2020

The Bank of Canada rolls the dice

Coronavirus cartoons

If desperate pandemic times demand desperate government actions, the Bank of Canada just delivered big-time. 

It’s printing money out of thin air to fund an estimated $200-billion-plus spending-spree intended to keep the nation’s economy alive. 

The best name for this historic and, frankly, alarming intervention is quantitative easing, and every Canadian should pay close attention to what amounts to a roll of the dice by their central bank.

That’s because while quantitative easing is justified under the circumstances, it’s unconventional, controversial and highly risky. Our 85-year-old central bank has never tried it before, and no wonder. It may cure what’s ailing the Canadian economy today only to infect it with new illnesses a year from now.

It all began at the end of March when the Bank of Canada announced it would spend at least $5 billion a week in the coming months to buy Government of Canada bonds on the open market. In other words, it would buy up much of the federal government’s debt.

That action was meant to ease the pressure on the federal government’s growing debt burden while injecting badly-needed cash into an economy ravaged by the COVID-19 pandemic.

And that part of quantitative easing makes sense because it works. The mind-bending part of it comes with the realization that all these billions of dollars are being created digitally. 

It’s as if Bank of Canada Governor Stephen Poloz had donned a magician’s cape, put his hand into a top hat and — poof — the Canadian economy had what it needed to buy its way out of this crisis.

What Poloz did was correct, according to experts such as former Bank of Canada governor David Dodge. At the time of Poloz’s intervention, the rapid spread of COVID-19 across Canada had already triggered government-imposed business shutdowns, huge job losses and what could become the nation’s sharpest economic downturn ever. 

The federal government was mobilizing its fiscal forces to prop up revenue-starved businesses and extend a financial lifeline to the newly unemployed, whose numbers could reach 2.8 million this month.

Other governments around the world were doing the same. And other central banks, most notably in the United States, the United Kingdom and the European Union, were also playing their part by making new money to ease the debt loads of their governments.

The Bank of Canada doubled down on that strategy this week when it expanded its bond-buying program to include purchases on the open market of the debts of provincial governments and corporations. They need help, too, but it will mean pulling another $50 billion in new, digitally-created money out of Poloz’s magic hat. 

The sheer magnitude of all this newly manufactured cash is worrisome. If countries can get everything they want by simply printing more money, why doesn’t everyone do it all the time? 

The answer is the world’s financial markets wouldn’t let them get away with it. The U.S. Fed and the European Central Bank are considered to be big and powerful enough to do what they deem necessary. 

Canada, with its much smaller economy, probably won’t be cut the same slack. The value of its currency may slide if quantitative easing lasts too long. Inflation could rise to unmanageable levels even as millions of Canadians remain unemployed and the nation’s economic engines are struggling to fire on all cylinders. 

This spring, the Bank of Canada had no choice but to experiment with quantitative easing. In short order, it must provide Canadians with a plan and timetable for getting out of it.

Canada, with its much smaller economy, probably won’t be cut the same slack. The value of its currency may slide if quantitative easing lasts too long. Inflation could rise to unmanageable levels even as millions of Canadians remain unemployed and the nation’s economic engines are struggling to fire on all cylinders. 

This spring, the Bank of Canada had no choice but to experiment with quantitative easing. In short order, it must provide Canadians with a plan and timetable for getting out of it. (Hamilton Spectator Editorial)

Posted in: Canada Tagged: 2020-13, Canada, Coronavirus, covid-19, emergency, government, hourglass, money, pandemic, stimulus, virus
« Previous 1 2 3 4 … 9 Next »
...Check it out and please subscribe!

Your one-stop-MacKay-shop…

T-shirts, hoodies, clocks, duvet covers, mugs, stickers, notebooks, smart phone cases and scarfs

2023 Coronation Design
Follow Graeme's board My Own Cartoon Favourites on Pinterest.

MacKay’s Virtual Gallery

Copyright © 2016 mackaycartoons.net

Powered by Wordpess and Alpha.

DMCA.com Protection Status
Loading Comments...