Mike's Daily Comment
The Americans come right out of the gate talking tough on NAFTA, not a good sign for what Canadians have come to understand is a critically important agreement for Canada. That said the numbers look better for Canada than for Mexico. Apple announces they are going to spend a Billion on streaming video, meaning the 76 Billion being spent on TV ads is going to get split even further as these transformative technologies continue coming down the pike.
…also from Michael: The Iron Clad Stupidity of a Soft Drink Tax
A 1 1/2 cent per ounce tax on soft drinks promising to fund pre-kindergarten programs with the proceeds led to some very predictable outcomes. First, sales of soft drinks plunged, the revenue projected from the tax is down, big layoffs in soft drink producers and deliverers occurred, beer consumption rose and less than half the money raised went to pre-kindergarten programs!
….also from Michael: Trudeau Government Makes Hollow Demands
The Foreign Affairs Minister is demanding that the US Government and Donald Trump incorporate into the NAFTA agreement “efforts to address climate change”. They are also demanding a chapter on “gender rights” as well as another chapter on “indigenous rights”.
…related from Michael: It’s Time To Unmask Politicians
Ozzie Jurock on the massive change in investment money coming from China. Also Ozzie on the most interesting real estate story you will ever hear! The latest on the big story – what is happening with shopping malls in North America.
….also from Mike: It’s Time To Unmask Politicians
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It’s Never Been Easier or Cheaper To Substitute Technology For Jobs
Posted by Michael Campbell
on Thursday, 17 August 2017 17:56
We are starting to see some research on the impact of a hike in minimum wage on jobs that can be replaced by technology. The conclusions aren’t pretty but its not too likely minimum wage advocates are going to change their tune.
….also Michael’s Mid-Week Update: “NAFTA Fatally Flawed