Tulowitzki injury opens door for Blue Jays 2B Travis
It also will alter how the middle infield looks for the
Posted on 27 May 2016 | 1:50 am
Bullying, Fear, And The Full Moon (Part Three)
Posted on 25 May 2016 | 2:00 pm
'Rapid increase' in colorectal cancers among young Canadians, study finds
Posted on 27 May 2016 | 2:12 am
Royal Bank of Canada defends practices after being named in Panama Papers leak
Posted on 8 April 2016 | 8:32 pm
Alberta says Fort McMurray firms to get preference on rebuilding contracts
inister Deron Bilous says businesses in the city were already struggling from the prolonged collapse in the price of oil.
Posted on 27 May 2016 | 2:25 am
Lenovo's new Droids might be shiny and metallic
Posted on 27 May 2016 | 2:32 am
Stephen Harper at the Conservative convention: ‘Now is the time to look forward’
Posted on 26 May 2016 | 11:42 pm
Public Consultation on Last In, First Out Policy for Northern Shrimp
Posted on 27 May 2016 | 9:00 am
Mental Health Alerts via Facebook?
Posted on 23 May 2016 | 6:26 pm
Land of the Middle-Aged Teen
Posted on 25 May 2016 | 2:00 pm
Liberal national policy committee blocks assisted dying resolution
Party brass prevent grassroots challenge to the government's restrictive assisted dying bill from hijacking national convention
The post Liberal national policy committee blocks assisted dying resolution appeared first on Macleans.ca.
Posted on 27 May 2016 | 4:28 am
When It Comes To Fiscal Policy, Japan Is No Role Model
Japan's economy, which is now the world's third largest, developed into a powerhouse following the Second World War. From the 1960s to the 1980s, Japan's economy grew rapidly, transforming Japan from a poor country into a very wealthy one. But in 1991, real estate and stock market prices crashed and Japan's economy has been struggling ever since. Public debt is a staggering 229 per cent of GDP -- in other words, more than double the size of the entire Japanese economy. Broken down, it means every man, woman and child in Japan now owes nearly $100,000 CDN.
How did Japan dig itself into such a big hole? Look no further than a fatal conceit in the power of government deficits to "stimulate" the economy. Year after year, the Japanese government has sought to spend the country into prosperity. Infrastructure, of course, featured very prominently. The result has been that the Japanese government has run deficits every year since 1992, with no end in sight.
In the 1990s alone, Japan spent around $2 trillion on building new infrastructure, including highways, roads, bridges and tunnels, many on wasteful white elephant projects now dubbed "roads to nowhere." By some estimates, as much as 70 per cent of Japan's coast is covered in concrete.
But what is most troubling in the Japanese government case is its refusal to acknowledge its own policy failures, choosing instead to double down on deficit spending.
And what did all that borrowed money buy? Since 1992 annual economic growth in Japan has averaged just 0.8 per cent (compared to 2.6 per cent in Canada). In other words, if the policy objective was a boost to the Japanese economy, it was a complete failure.
It is true that Japan faces some unique challenges (for example, the population is shrinking due to a low birth rate and very low levels of immigration) which make it difficult to compare directly to Canada's situation. Yet there are obvious parallels between the Japanese approach and the Trudeau government's faith in the power of deficit-financed "investments" in "infrastructure" to transform the Canadian economy.
True, the amounts pledged by the Trudeau government are nowhere near the astronomical levels seen in Japan. But what is most troubling in the Japanese government case is its refusal to acknowledge its own policy failures, choosing instead to double down on deficit spending. Prime Minister Abe even plans to use the G7 summit as a platform to sell his counterparts on the need for yet more government stimulus spendingld, apparently in defiance of the well-known maxim about the wisdom of doing the same thing over and over while expecting different results.
Hopefully Prime Minister Trudeau views his Japanese visit as a useful exercise in information gathering. He and his ministers have regularly claimed to be disciples of "evidence-based" decision making -- and based on a quarter century of evidence from Japan, they should think twice about repeating that country's costly mistakes.
Follow HuffPost Canada Blogs on Facebook
ALSO ON HUFFPOST:
-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Posted on 26 May 2016 | 8:53 pm
Board members speak out about residential care home abuse allegations
Posted on 26 May 2016 | 11:57 pm
Time to welcome home the prodigal child
Posted on 24 May 2016 | 11:00 am
Beyonce apparently spent $3500 at Caplansky's Deli
When Beyonce comes to town, she slays... a $3,500 bill at Caplansky's that is. Queen Bey was in town for her Formation tour last night and after playing a two-hour set at the Rogers Centre, she re-fuelled with the deli's famous Montreal-style smoked meat sandwiches.
Instead of filling up on knishes or latke poutine, Queen Bey and her entourage went straight for the good stuff. As Fader reports, the massive order was 99 per cent smoked meat - who needs kale when you can eat meat?
This unexpected Caplansky's endorsement arrived at an opportune time because the local deli is just starting to expand across Canada. Along with locations at Pearson Airport, there's now a Caplansky's in Yorkville.
Photo by Jesse Milns.
Posted on 26 May 2016 | 9:08 pm
Cherry: 'No way' Stamkos should be playing Game 7
Cherry: 'No way' Stamkos should be playing
Posted on 27 May 2016 | 2:11 am
The Latest: Authorities hope to find abducted girl alive
Posted on 27 May 2016 | 2:38 am
Metro Vancouver mayors propose raising transit fares, property taxes
Posted on 27 May 2016 | 2:05 am
Toronto Police Raid Dispensaries, Dufferin Street Not as Bad as Last Year, and Produce on the TTC
Every weekday’s end, we collect just about everything you ought to care about or ought not to miss. Toronto Police have confirmed that they are raiding marijuana dispensaries. The operation has been dubbed “Project Claudia,” probably because “Project Cannabis go bye-bye” doesn’t sound as cool. Police have been spotted at dispensaries across the city, including […]
The post Toronto Police Raid Dispensaries, Dufferin Street Not as Bad as Last Year, and Produce on the TTC appeared first on Torontoist.
Posted on 26 May 2016 | 8:55 pm
Giraffe Genome Tells A Tale Tale - 2016/05/21 - Pt. 4
Posted on 20 May 2016 | 4:00 am
Dear college graduates: You’re not that smart
Posted on 27 May 2016 | 12:27 am
Who earns minimum wage?
Posted on 25 May 2016 | 3:59 pm
Does the UK’s anti-radicalisation program alienate Muslims?
Today's edition includes stories about a radicalisation prevention program that may backfire. A protest against Whole Foods over its link to Marc Gafni. Iglesia ni Cristo, a powerful cult of Christianity, endorses presidential candidates.
Posted on 6 May 2016 | 7:09 am
Little Mermaid Is Getting The Live-Action Treatment — And Here’s Our Dream Cast
Posted on 26 May 2016 | 8:47 pm
How helping the kids with a down payment affects you
65% of millennials plan to rely on family for their first home
The post How helping the kids with a down payment affects you appeared first on MoneySense.
Posted on 26 May 2016 | 3:21 pm
Fake contest used to get mistress' DNA, murder trial hears
Fake contest used to get mistress' DNA
Posted on 26 May 2016 | 10:21 am
CBC executive fired in wake of Ghomeshi scandal sues broadcaster for ‘sacrificing’ him
Posted on 27 May 2016 | 2:02 am
Obama becomes first sitting U.S. president to visit Hiroshima
HIROSHIMA, JAPAN—Barack Obama on Friday paid tribute to the “silent cry” of the 140,000 people killed by the world’s first atomic bomb attack and sought to renew attention in his unfulfilled vision of a world without nuclear weapons, as he became the first sitting U.S. president to visit Hiroshima.
“Death fell from the sky and the world was changed,” Obama said, after laying a wreath, closing his eyes and briefly bowing his head before an arched monument in Hiroshima’s Peace Memorial Park that honours those killed on Aug. 6, 1945, when U.S. forces dropped the bomb that ushered in the nuclear age. The bombing, Obama said, “demonstrated that mankind possessed the means to destroy itself.”
Obama did not apologize, instead offering, in a carefully choreographed display, a reflection on the horrors of war and his hope that Hiroshima would be remembered as the beginning of a “moral awakening.” As he and Japanese Prime Minister Shinzo Abe stood near an iconic bombed-out domed building, Obama acknowledged the devastating toll of war and urged the world to do better.
“We stand here in the middle of this city and force ourselves to imagine the moment the bomb fell ... we listen to a silent cry,” Obama said.
A second atomic bomb, dropped on Nagasaki three days after Hiroshima, killed 70,000 more.
Obama also sought to look forward to the day when there was less danger of nuclear war. He received a Nobel Peace Prize early on in his presidency for his anti-nuclear agenda but has since seen uneven progress.
“We must have the courage to escape the logic of fear and pursue a world without them,” Obama said of nuclear weapons.
Following the remarks, Abe called Obama’s visit courageous and long-awaited. He said it would help the suffering of survivors and echoed the anti-nuclear sentiments.
“At any place in world, this tragedy must not be repeated again,” Abe said.
The visit presented a diplomatic tightrope for a U.S. president trying to make history without ripping open old wounds.
Critics believe Obama’s mere presence in Hiroshima will be viewed as an apology for what they see as a justified attack. But he has also drawn praise from those who see it as a long overdue gesture for two allies ready to bury a troubled past.
Obama’s remarks showed a careful awareness of the sensitivities. He included both South Koreans and American prisoners of war in recounting the death toll at Hiroshima — a nod to advocates for both groups that publicly warned the president not to forget their dead.
Obama spoke broadly of the brutality of the war that begat the bombing, but did not assign blame.
After his remarks, he met with two survivors, but his remarks to the aging men were out of ear shot of reporters.
At one point, Obama could be seen laughing and smiling with 91-year-old Sunao Tsuboi, and he embraced Shigeaki Mori, 79, in a hug. But mostly, Obama just listened the men as they spoke through an interpreter.
The visit was meant to demonstrate the strength of the U.S.-Japanese alliance, and Obama and Abe took each step together. The men walked along a tree-lined path, past an eternal flame, toward a river that flows by the domed building that many associate with Hiroshima.
They went to the lobby of the peace museum to sign the guest book: “We have known the agony of war. Let us now find the courage, together, to spread peace, and pursue a world without nuclear weapons,” Obama wrote, according to the White House.
The president’s call for a nuclear-free world was a far cry from the optimistic rallying cry he delivered as young, newly elected president. Obama did not employ his campaign slogan — “Yes, we can” — as he did in a speech in Prague in 2009. Instead, the president spoke of diligent, incremental steps.
“We may not realize this goal in my lifetime but persistent effort can roll back the possibility of catastrophe,” he said. “We can chart a course that leads to the destruction of these stockpiles.”
Obama touched down in Hiroshima after completing talks with world leaders at an international summit in Shima, Japan.
Those who come to ground zero at Hiroshima speak of its emotional impact, of the searing imagery of the exposed steel beams on the iconic A-bomb dome. The skeletal remains of the exhibition hall have become an international symbol of peace and a place for prayer.
Bomb survivor Kinuyo Ikegami, 82, paid her own respects at the cenotaph on Friday morning, well before Obama arrived, lighting incense and chanting a prayer.
Tears ran down her face as she described the immediate aftermath of the bomb.
“I could hear schoolchildren screaming: ‘Help me! Help me!’” she said. “It was too pitiful, too horrible. Even now it fills me with emotion.”
Han Jeong-soon, the 58-year-old daughter of a Korean survivor, was also at the park Friday.
“The suffering, such as illness, gets carried on over the generations — that is what I want President Obama to know,” she said. “I want him to understand our sufferings.”
Obama’s visit is a moment 71 years in the making. Other American presidents considered coming, but the politics were still too sensitive, the emotions too raw. Jimmy Carter visited as a former president in 1984.
Posted on 27 May 2016 | 10:40 am
Virgin Mobile starts selling tablets on installment plans
Posted on 27 May 2016 | 2:03 am
Planet Eight Times Size of Jupiter Discovered Orbiting a Young Star --"Nixes Accepted Theory"
Posted on 26 May 2016 | 5:20 pm