On Thursday, May 22, 2014 4:39:51 AM, Joe Hueglin <email@example.com> wrote:
From: Larry Kazdan
Subject: Letter to Editor re: Ontario needs Tim Hudak, Monte Solberg, May 18, 2014
- Re: Ontario needs Tim Hudak, Monte Solberg, May 18, 2014
- The federal government is already cutting back; consumers are overloaded with debt, and now Tim Hudak wants to slash Ontario government spending and fire 100,000 civil servants. To whom exactly will Hudak's imaginary entrepreneur-employers sell their products and services? Let's hope Ontario is invaded by Martians with lots of Canadian cash, because that is the only way Tim Hudak's plan could possibly make any sense.
- Australian economist Bill Mitchell explains:
- At last count there were two broad macroeconomic sectors – the government and the non-government. The non-government sector can be decomposed into the private domestic sector and the external sector. The private domestic sector can be further decomposed into households who consume and firms who invest (in productive capital).
- Macroeconomics is easy – thats it! 2 broad spending sectors and then some more detail.
- What do we know about these sectors in the US?
- 1. Households are not spending enough on consumption – and why should they given they have to reduce their unsustainable debt levels and are saving to generate buffers just in case they are next to join the unemployment queue.
- 2. Business firms are not spending enough on investment – and why should they given they have to reduce their unsustainable debt levels and that household spending is not pushing production levels beyond existing capacity (by a long margin).
- 3. The external sector is deteriorating – that is, spending is contracting because the Europeans and the Brits are killing growth in their economies.
- How many more spending sectors are left in the US?
- The most basic macroeconomic rule – spending equals income. When someone spends another gains income. When a sector increases spending, other sectors enjoy the rise in income.
- So if all these non-government sector spenders are being cautious and the private domestic sector is attempting to save overall – and – the world economy is not going to drive US exports very hard – where is the deficit spending going to come from to drive growth?
- There is only one source – government budget deficits.
- More of A veritable pot pourri of lies, deception and self-serving bluster at http://bilbo.economicoutlook.net/blog/?p=20782
- Modern Monetary Theory in Canada
Subject: Letter to Editor re: Tom Mulcair's NDP still on the outside, looking in,
- Re: Tom Mulcair's NDP still on the outside, looking in, Michael Den Tandt, May 20, 2014
- According to Michael Den Tandt, economic growth must be generated through private sector investment spurred by lower taxes. But the Harper Conservatives have already reduced corporate and individual taxes during their eight years in power. The outcome has been growing inequality with 1.3 million Canadians still unemployed, and a sputtering economy even while corporations sit on billions of dollars of cash.
- Another approach is for the federal government to stimulate the economy by increasing services, renewing vital infrastructure, making transfers to provinces, and putting people to work through direct job creation. Would this work? It certainly did in the past. Public spending during WWII ended the Great Depression, rapidly expanded economic production to win the war, drove unemployment down to 1%, and ushered in a golden era of post-war prosperity despite the build-up of enormous federal deficits.
- This an inconvenient truth that neo-liberals and deficit hysterics cannot handle.
- 1939--1945: World War II Transformed the Canadian Economy
- The government budget deficit also increased rapidly: in 1939, the budget deficit was less than 12% of GNP; in 1945, that rate rose above 42%. Nevertheless, by 1944, the Great Depression had faded into memory, and the unemployment rate was less than 1%.
- By the end of the war, the economy had a more highly skilled labour force, as well as institutions that were more conducive to sustained economic growth.
It was nearly four years ago that the Greek government negotiated its agreement with the IMF for a harsh austerity program that was ostensibly designed to resolve its budget problems. Many economists, when we saw the plan, knew immediately that Greece was beginning a long journey into darkness that would last for many years. This was not because the Greek government had lived beyond its means or lied about its fiscal deficit. These things could have been corrected without going through six or more years of recession. It was because of the "solution" itself.
Four years later, Greece is down about a quarter of its pre-recession national income – one of the worst outcomes of a financial crisis in the past century, comparable to the worst downturn of the United States' Great Depression. Unemployment has passed [PDF] 27 percent and more than 58 percent for youth (under 25). There are fewer Greeks employed than there have been at any time in the past 33 years. And real public health care spending has been cut [PDF] by more than 40 percent, at a time when people have needed the public health system more than ever.
The IMF is the subordinate partner in the "troika" (including the European Central Bank and the European Commission) that has been calling the shots for the Greek economy these past four years, but it is the one in charge of putting numbers on the page. It repeatedly projected economic recoveries for 2011, 2012, and 2013 that did not materialize
Larry Kazdan, Councillor
World Federalist Movement-Canada
Campaign for a UN Parliamentary Assembly
Citizens' watchdog at the UN
Please read the appeal text and endorse on-line.
From: Mahmood Elahi
Subject: Swiss banks' role
Date: Tue, 20 May 2014 13:44:07 +0000
The Globe and Mail
Swiss banks' role
Re Letter: "Swiss banks role," by Ulrich Lehner (May 19).
At the time of writing this letter, the BBC reported that Erich Holder, U.S. Attorney General, has fined the Credit Swiss $3 billion for providing haven for thousands of tax dodgers in the United States. Swiss banks have been serving for long as a haven where hundreds of billion of dollars are being stacked away by tax-dodgers from developed countries and by super-rich oligarchs and corrupt officials from developing countries. The Swiss government has been slow to stop this practice by these banks. Only heavy fines as imposed by the United States can stop them from becoming a haven for tax cheaters and corrupt officials.
However, the Swiss Ambassador, Ulrich Lehner, is right when he says: "For this global standard to be effective, and to ensure a level playing field, it needs to be implemented by all major jurisdictions." To stem tax-dodging on a massive scale, banks in Luxemburg, Cayman Islands and other tax havens must be subjected to similar scuritiny and fined if found offering havens for tax-dodgers.
To: Angela Bischoff - OCAA...snip... <firstname.lastname@example.org>
Subject: RE: No Nukes News: It's Election Time
The Ottawa Citizen
CC to: Hon. Bob Chiarelli, former Ontario Energy Minister: The Japanese Prime Minister Shintaro Abe was a great advocate of nuclear power when he was the opposition leader. Now as Prime Minister, he has shutdown all of Japan's 53 nuclear reactors after the catastrophic nuclear accident at Fukushima. Japan cannot afford another Fukushima and the Japanese people will not allow politicians to promote nuclear power. You must learn from Japan. A catastrophic nuclear accident on the scale of Fukushima or Chernobyl in Ontario will make Toronto unfit for human habitation. We cannot afford to take the risk.
Ms Angela Bischoff, Outreach Director, Ontario Clean air Alliance, Toronto: Keep up the good work to convince the politicians and the public about the danger nuclear reactors pose to life and environment. They must learn from the catastrophic nuclear accident at Fukushima before it is too late.
Ontario politicians, public and press must learn from the catastrophic nuclear accident at Fukushima
Re "Ontario's political plaything," by David Reevely (May 17).
David Reevely quotes erstwhile Ontario Energy Minister Bob Chiarelli saying: "Nuclear is and will remain the backbone of our electricity system." Mr. Chiarelli may be reminded that before the catastrophic nuclear accident at Fukushima, the Japanese Prime Minister Shintaro Abe was of the same opinion about nuclear power. After Fukushima, he has shutdown Japan's all 53 nuclear reactors and the people of Japan are totally opposed to any attempt to restart them.
Three years have passed since the accident and still the crippled reactor at Fukushima continues to spew highly radioactive particles in the atmosphere, turning the entire Fukushima prefacture unfit for human habitation. Most people have abandoned their homes and risk lethal radiation if they dared to return. Even workers have refused to do the cleanup as many have fallen sick. The reactor will continue to release lethal radioactive agents for generations. Nuclear power used to provide more than 50 per cent of Japan's electricy generation -- earily similar to the ratio of nuclear power in Ontario.
Mr. Chiarelli and other politicians should learn from the catastrophic nuclear accident at Fukushima. With Ontario's nuclear power plants are located near Toronto, a catastrophic nuclear accident on the scale of Fukushima or Chernobyl in Ontario will render Canada's largest city unfit for human habitation. We cannot take that risk. And a nuclear accident can happen anywhere in the wake of earthquake, cyclone, fire, equipment malfunction and operator's error. The near meltdown at Three Mile Island nuclear power plant near Harrisburgh, Pennsylvania, was mainly due to operator error. And the catastrophic nuclear accident at Chernnobyl was caused by equipment failure.
Nuclear power plants are also extremely expensive to build and operate. David Reevely is absolutely right when he says: "Electricity in Ontario is so expensive because generations of governments have treated it as a tool of politics ..." This is also because we the people have allowed them to do so. After the earlier catastrophic nuclear accident at Chernobyl, the Japanese thought it could never happen in a country as technologically advanced as Japan and now they are paying the price.
Ontarians should not wait for a similar catatrophic accident in the province to finally shutdown its nuclear reactors. Ontario can meet all its electricity needs from hydro, solar, wind and other renewable sources of energy. Nuclear reactors are like the proverbial sword of Democleus and we must not let them endanger the life and the environment.
From: Rebecca Gingrich
Subject: Sadly this is the world we live in and we dare not speak the truth or it is racism
No Country for White Children
Subject: just another dictatorship government in waiting??
Liberals open to anti-abortion views, Trudeau says
Subject: anti-semitism vs anti Christian
Macklemore issues apology following accusations of anti-semitism
Subject: who really controls the money and therefore the world
The Illustrated Protocols of Zion by David Duke
Subject: FW: Our New News Service!
May 20, 2014
May 20, 2014
We are excited to announce the launch of "The Family Watch Newswire," our new separate weekly news service.
As attacks on marriage, family and life have escalated in our culture and in countries around the world, it has become increasingly clear to us that sending you a summary of critical news and developments every two weeks was just not timely enough.
We also felt it would benefit our readers to receive news more often in smaller doses since the news portion of The Family Watch newsletter, when reporting on two weeks of news, was getting really long.
So we will now be sending you The Family Watch Newswire every week and continue to send you The Family Watch newsletter with the president's message every two weeks and Family Watch Alerts as need.
Our goal is to do the best job we can to inform you of important developments and help you defend the family and family values wherever you live. We hope this new format will support you in those efforts.
Family Watch International