Mike’s Midweek Comment
The Fed moved interest rates higher today putting pressure on Canada to raise rates. With BOC Stephen Poloz saying low rates “have done their job”, and with Canadian growth outperforming the US recently it looks like higher rates are coming to Canada too. Will it be 1/4 of a percent, 1/2%….? Despite lower Oil it’s significant the Canadian dollar is rallying. The ancient Canadian retail giant Hudsons Bay has doubts its can survive with the move towards internet purchasing. That big trend is forcing the mall in your neighborhood to change, Michael describes what some of the successful are doing in the US.
….also from Michael: Hockey & Economics 101
Uber has swept through the taxi industry leaving massive change in its wake. Here’s a taste of the numbers – the value of a Chicago taxi medallion has dropped $357K to 35K in just 4 years. Michael’s turned up even more staggering numbers…..
….also from Michael: No Friend To Workers
Mike’s Goofy winner is a dramatic example of the NY Times publishing “Fake News” as FBI Director James Comey during his testimony before Congress makes very clear.
….also from Michael: Strange Bedfellows Come Together In Healthcare Battle
Canada’s healthcare system is designed to control costs with waiting lists. Right now, despite billions in increased healthcare spending, waiting lists are longer than the BC Federation of Labour can tolerate so that they now, despite their distate for capitalism, send their union members to the private Cambie Street Clinic. You on the other hand……
….also from Michael: Warning: They’re Coming After Your Money
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No Friend To Workers
Posted by MIchael Campbell
on Wednesday, 14 June 2017 16:39
This past monday, a secretive robotics startup has raised $18 million as part of its quest to replace humans with robots in the kitchens of fast-food restaurants. Minimum wage advocates can ignore this development, but they shouldn’t. They may mean well, but never before has it been easier to replace increasingly costly wage earners with technology.