Mike's Daily Comment
Infrastructure spending always sounds good. That it can be used to rescue the economy is where infrastructure performance diverges from reality. Many of the arguments made in favour of large infrastructure spending do not withstand scrutiny
260,000 UPS workers major contract demand is that UPS guarantee it will not use drones of driverless vehicles for delivery. Now that labour has woken up to this threat to jobs, isn’t it about time politicians and our school system stopped ingnoring the issue!
….also from Michael: Political and Economic Question of the Week
While 1700 private Jets converged on Davos Switzerland to say all the right things about Global Warming, poverty and feminism, an increasing segment of society think they are full of it.
….related from Michael: Trudeau: Workers before Profits! No Tax Cuts
After the IMF said Global Growth is at its fastest pace in 7 years because of the Trump tax cuts, at Davos Trudeau declared Canada will not cut taxes or regulation: “Too many corporations have put the pursuit of profit before the well-being of their workers” “You need to give back”. Presumably giving workers tax cuts isn’t giving back. Meanwhile Disney the latest to raise salaries, issue bonuses because of the Trump Tax cuts.
….also from Michael: Meanwhile Government Pays Undeserved Performance Bonuses at Your Expense
Why Canada Sell Its Oil at a Discount
Posted by Michael Campbell
on Wednesday, 31 January 2018 13:55
While the east coast of Canada imports 700,000 Barrels a day of World Prices, the rest of Canada sells 2/3 of its production of oil at prices that are $25 to $30 a barrel less than world prices. Natural gas sells at 60% of the World Price. Reasons why…
….also from Michael: Why Won’t Canadians Scream ENOUGH!