The DAILY DIGEST: INFORMATION and OPINION
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http://canconcomentary.blogspot.ca/2015/07/canadian-daily-digest-july-7-2015.html
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>>>>>>>>>>>>>>>NATIONAL NEWSWATCH<<<<<<<< http://www.nationalnewswatch.com/
In a tight election, will Harper rethink approach to the media?
Move Over, Trudeau? Tory Fundraising Email Targets Mulcair, NDP
Harper Tories unleash torrent of patronage appointments
Quebec anti-corruption unit confirms Arthur Porter is dead
Donors could come back to haunt the NDP from beyond the grave
Joe Oliver says Canada in a �fragile� economic environment
National Chief: First Nations votes can �make a difference�
AFN General Assembly: Tom Mulcair, Justin Trudeau vow to do better than Stephen Harper
Stephen Harper�s game of dodge-the-press shows he�s a shabby mascot of conservative values
Journalists Are Banned from Stephen Harper�s Events and It�s Stupid Nonsense
Tories should fear a coalition, but not that one
In a debt crisis, what would a Mulcair government do?
Team NDP has a big hole to fill
Canada must avoid Greek entitlement
First NDP Stampede breakfast short on PCs but long on economic worries
Political parties must be made accountable, because honesty is the only thing doing it now
Both the Liberals and the NDP would be likely to continue Tory austerity
Greece at forefront of Europe�s game of chicken over debt
The legacy of the Oka Crisis, 25 years later
Tories appoint 43 judges in June, filling long-standing vacancies
Federal Tories �abandoned responsibility� for cut-off reserve: Trudeau
Ontario minister Glen Murray slams Tories� plan for carbon regulations
Spare parts harder to find for Victoria-class submarines
Trudeau to roll out plan to bolster funding for aboriginal education
First Nations must �harness political power� in election: AFN chief
Ontario downgrade by Standard and Poor�s called �hardly surprising� after years of warnings
LNG caught in federal political crossfire
Canada Posts 2nd-Largest Trade Deficit Ever as Exports Slide
Canada says it, not Kahnawake, gets to decide on band membership issues
New Brunswick attorney general�s office to look at Larry�s Gulch case
Tories most exposed to political fallout of community mailboxes in Ontario
Oil Crash Sent Canada Into First-Half Recession, TD Bank Says
Tories, NDP use situation in Greece to spar over economic credentials
Alberta premier says she and PM share concern for Alberta economy
Aeroplan says �blackouts are gone� � but what about those fuel surcharges?
Bell removes Touch-Tone fee from bills, but customers still on the hook
Pipelines, climate change on the agenda as Harper, Notley meet in Calgary
Government abruptly drops Supreme Court appeal on overseas CSIS spying
NDP whittles away at the Conservatives� voting coalition
Last unresolved legal appeal of 2011 election robocalls dismissed as �moot�
Slow Canadian economy could be spurred by U.S., Joe Oliver says
Canada�s concern: Recession, rate cut on horizon?
Canada Pledges Support for �Powerhouse� Pacific Trade Agreement
Lawyers� union to fight for prosecutor turned political hopeful
Renovation of Senate�s temporary home $29M over budget
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/
Ontario warned to do more on greenhouse gas targets - Richard J. Brennan, Toronto Star
Federal government �abandoned its responsibility� to First Nation community: Trudeau - Chinta Puxley, The Canadian Press, CTV News
Ontario debt rating downgraded by S&P - The Canadian Press, CTV News
Senior public servants shouldn�t run for political office: Savoie - Bea Vongdouangchanh, The Hill Times
Huge challenge to regulate Uber and taxis together - Vanessa Lu, Toronto Star
>>>>>>>>>>>>>>> The Vancouver Observer<<<<<<<<<< http://www.vancouverobserver.com
>>>>>>>>>>>>>>>Rabble<<<<<<<<<<<<<<<<<<<<<<< http://rabble.ca/
>>>>>>>>>>>>>>>Canadian Progressive World<<<<<<< http://www.canadianprogressiveworld.com/
>>>>>>>>>>>>>>>BOURQUE NEWS<<<<<<<<<<<<<< http://www.bourque.com/
>>>>>>>>>>>>>>>The Tyee<<<<<<<<<<<<<<<<<<<<< http://thetyee.ca/News/
>>>>>>>>>>>>>>>iPolitics<<<<<<<<<<<<<<<<<<<<<< http://www.ipolitics.ca/tag/gaza/
>>>>>>>>>>>>>>>The CBC NEWS<<<<<<<<<<<<<<< http://www.cbc.ca/news
>>>>>>>>>>>>>>>Huffington Post<<<<<<<<<<<<<<<< http://www.huffingtonpost.ca/
>>>>>>>>>>>>>>>Yahoo.com<<<<<<<<<<<<<<<<<<< https://ca.news.yahoo.com/canada/
TOUTES LES NOUVELLES PUBLI ES DEPUIS 24 HEURES
FOREIGN AFFAIRS & GENERAL INFO
>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<< http://looniepolitics.com/ FOREIGN AFFAIRS & GENERAL INFO
Team Clinton �worried� about Bernie Sanders campaign - Ben Kamisar, The Hill
Why Clinton Has a Lock on Dem Nomination - Josh Kraushaar, National Journal
A Rising Tide for Dems on Green Issues - Juan Williams, The Hill
American Apparel closing stores, laying off employees to save money- Kim Bhasin, Bloomberg, Financial Post
Greece debt crisis: Creditors press for new proposals- BBC News
Embattled Burundi president snubs regional summit to campaign- France 24
>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<< http://www.dailystar.com
Hillary Clinton: Hacking problem not limited to China
U.S. Army to cut 40,000 troops over next two years: USA Today
McCain suggests US 'losing' against ISIS
Iran nuclear deal needed in next 48 hours: source close to talks
White House says 'not enough' Syrian rebels being trained
Israel: UNESCO 'ignores' Jewish, Christian ties to Jerusalem
Obama hosts Vietnam Communist Party chief at White House
Israel says ISIS' Sinai assault aimed to help Hamas get arms
Merkel: 'still no basis' for talks on new Greek bailout
Vote on Srebrenica resolution delayed by Russian veto threat
Ultra-Orthodox Israeli minister slams Reform Judaism members
New Greek proposal improves on last week's offer: Greek official
Limits on Iran missiles, arms trade will remain: US official
UN: Goals helped lift 1 billion people from extreme poverty
US only training 60 Syrian fighters, far below expectations
Lavrov says arms embargo 'major problem' in Iran talks
Russian police launch 'safe selfie' guide after spate of deaths
Russia cuts off power supplies to Ukraine rebels: Kiev
Russia raids homes, offices of election monitors: lawyer
Six powers, Iran to continue nuclear talks past deadline
'Lenin and Stalin' scuffle near Red Square: police
Cosby admits supplying drugs to woman in pursuit of sex
Japan reactor refuelled for restart, despite opposition
Obama: Assad must go for war to end
BRICS summit gives Putin chance to show not isolated
In Syria and Iraq, ISIS courts Sunni tribes with carrot and stick
U.K.�s fight against militancy leads to battle over freedoms
When a selfie is not enough: India abuzz over �velfie� craze
Previous>>>>>>>>>>>>>>> New Cold War <<<<<<<<<<<<<<< http://newcoldwar.org/
* The Daily Beast explores claim that U.S., UK and Canada are not training extreme-right militias in Ukraine
* U.S. and NATO step up military threats on Russia's borders
* U.S. to pay salaries of foreign administration appointed to govern Odessa, Ukraine
* U.S.-trained police to be "rolled out" across Ukraine
* Media attack: Manipulation of reality in Ukraine
>>>>>>>>>>>>>>>Global Research<<<<<<<<<<<<<<<<<<<<<< http://www.globalresearch.ca/
>>>>>>>>>>>>>>>The Real News<<<<<<<<<<<<<<<<<<<<<<< http://therealnews.com/t2/
>>>>>>>>>>>>>>>Press TV<<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.presstv.ir/
>>>>>>>>>>>>>>>Sputnick Newai<<<<<<<<<<<<<<<<<<<<<< http://sputniknews.com/
>>>>>>>>>>>>>>>RT network<<<<<<<<<<<<<<<<<<<<<<<<< http://rt.com/
>>>>>>>>>>>>>>>BBC News<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.bbc.com/news/
>>>>>>>>>>>>>>>Reader Supported News<<<<<<<<<<<<<<<< http://readersupportednews.org/
>>>>>>>>>>>>>>>Activist Post<<<<<<<<<<<<<<<<<<<<<<<<< http://www.activistpost.com
>>>>>>>>>>>>>>>Consortium News<<<<<<<<<<<<<<<<<<<<< http://consortiumnews.com/
>>>>>>>>>>>>>>>Common Dreams<<<<<<<<<<<<<<<<<<<<< http://www.commondreams.org/
>>>>>>>>>>>>>>>The European Union Times - <<<<<<<<<<<<< http://www.eutimes.net/
>>>>>>>>>>>>>>>THE KYIV POST<<<<<<<<<<<<<<<<<<<<<< https://www.kyivpost.com/
>>>>>>>>>>>>>>>4th Media<<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.4thmedia.org/
>>>>>>>>>>>>>>>BrasscheckTV Report<<<<<<<<<<<<<<<<<< http://www.brasschecktv.com/
>>>>>>>>>>>>>>> ICH. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.informationclearinghouse.info/
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From: Larry KazdanSubject: Letter to Editor re: Both the Liberals and the NDP would be likely to continue Tory austerity, Stephen Gordon | July 6, 2015
- Re: Both the Liberals and the NDP would be likely to continue Tory austerity, Stephen Gordon | July 6, 2015
- http://news.nationalpost.com/full-comment/stephen-gordon-both-the-liberals-and-the-ndp-would-be-likely-to-continue-tory-austerity
- As part of the Economic Action Plan during the financial crisis, the federal government created a $200 billion Extraordinary Financing Framework to address the freeze in the credit markets. Where did that $200 billion come from? Did income taxes go up? No, the Conservatives pride themselves on lowering taxes. Did the government borrow money? No, on the contrary the government was bailing out all the private sector financial institutions by lending money directly to them.
- It is clear that the federal government which owns a central bank can create Canadian dollars whenever it needs to deal with crises. The creation of enormous sums of money to support the financial establishment is politically acceptable and subject to no particular scrutiny by the mass media. However, the NDP or the Liberals when in government could use that same fiscal capacity for a massive program of infrastructure renewal and job creation that would benefit the majority of Canadians. Will they take such action, or will they drink the austerity kool-aid that the Conservatives have happily offered them?
- Footnotes:
- 1. Improving Access to Financing and Strengthening Canada's ...
- www.fin.gc.ca/pub/report-rapport/2011-7/ceap-paec-2f-eng.asp
- To soften the impact of the crisis, the first phase of Canada�s Economic Action Plan included measures to provide up to $200 billion to support lending to Canadian households and businesses through the Extraordinary Financing Framework.
- https://www.fas.org/sgp/crs/misc/R40687.pdf
- In addition, the Extraordinary Financing Framework is comprised of five elements: (1) providing
- funding to Canadian financial institutions through the Insured Mortgage Purchase Program and
- the Canada Mortgage Bond program; (2) expanding financing for Canadian businesses through
- Export Development Canada and the Business Development Bank of Canada;
- (3) increasing collaboration between financial Crown corporations and private sector lenders
- and credit insurers under a business Credit Availability program; (4) designing a Canadian Secured Credit
- Facility; and (5) initiating a Canadian Lenders Assurance Facility and the Canadian Life Insurers Assurance
- Facility to provide insurance on the wholesale term borrowing of federally regulated deposit-taking institutions,
- and life insurers. Additional measures include the ability to offer guarantees on bank and insurance liabilities,
- and the authority to engage in transactions to maintain financial stability, including providing capital injections
- 2. What is Modern Monetary Theory, or �MMT�?
- http://neweconomicperspectives.org/2013/03/what-is-modern-monetary-theory-or-mmt.html
- The essential insight of Modern Monetary Theory (or �MMT�) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits because, as issuers of their respective fiat-currencies, they can never �run out of money.� This doesn�t mean that governments can spend without limit, or overspend without causing inflation, or that government should spend any sum unwisely. What it emphatically does mean is that no such sovereign government can be forced to tolerate mass unemployment because of the state of its finances � no matter what that state happens to be.
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