Friday 26 May 2017


>>>>>>>>>>>>>>>HEADLINES ACROSS CANADA <<<<<<<<<<<<<<<

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North CTV Atlantic  CTV Montreal  CTV Ottawa  CTV Toronto CTV Northern Ontario CTV Kitchener CTV Winnipeg CTV Regina CTVSaskatoon CTV Calgary CTV Edmonton CTV British Columbia

>>>>>>>>>>>>>>>NATIONAL NEWSWATCH<<<<<<<<

Half of Canadians can�t decide which Conservative is best PM material: Nanos


Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin

Did Kevin know what he was getting into? Inside O�Leary�s strange Conservative candidacy
        Conservative leadership camps scramble for final votes amid ballot snags
Multibillion-dollar naval warship project hits another delay
        G7 leaders agree on counterterrorism, but clash with Trump on climate, trade

Liberal MPs offer amendments to controversial changes for budget watchdog
        Voters in Bernier�s hometown say they like the man more than the party
Maxime Bernier on supply management: �I will follow the party�
        Will next CPC leader be a Liberal reign-ending nightmare?
Voter breakdown will reveal the direction of the Conservative party as members elect their new leader
        The CPC leadership race had little star power � and was much better for it
Why don�t we know who will replace Peter Mansbridge yet?
        SuperPACs are coming to Canada unless the Liberals shut the door on them
Who will win the battle to define Harper�s successor?
        Jagmeet Singh and Niki Ashton: A choice of flash versus vision for the NDP

Trump and Duterte: A talk to remember
        The new Conservative leader must look beyond the party�s rural roots
At Issue | Conservative leadership convention

O�Leary: A Bernier win will make Trudeau �really nervous�
        Bernier wants to scrap it, but poll suggests majority of Conservative voters back supply management
Dissecting the paths to victory for the 13 Conservative leadership candidates
        Absorbing O�Leary�s campaign team is costing Bernier�s operation major coin
Conservatives brush off vote-counting concerns as leadership convention ramps up
        G7 summit: Emmanuel Macron and Justin Trudeau meet to offer �new face for Franco-Canadian friendship�
Stop running from the truth: Justin Trudeau is playing us with his PR stunts
Seeking an antidote to The Handmaid�s Tale
What we shouldn�t ignore when we talk about Daesh

The ethics commissioner brings the Duffy saga to a sad, shabby end
        Nigel Wright deserves better than this
As it�s laid out, Bernier�s health-care plan may be electoral poison
What happens next in B.C.
The media should know better but we keep falling for Trudeau�s PR
To burst Trudeau�s bubble, Conservatives need a sharper edge
Ottawa won�t impose national threshold for electric car purchases, says Garneau
        Feds run $21.8B deficit in 16-17, putting them close to target: early analysis
Power-sharing between B.C. parties is a mix of policies and personalities
Quebec seeks probe of Davie shipyard as part of ferry contract review

Malicious hackers say they demanded $50,000 ransom for stolen Bell data
Outcome of leadership race test for Conservative party, candidates
Former Alberta premier Jim Prentice honoured with posthumous community award
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<<

Trudeau should reset his agenda with pharmacare

Can the next Tory leader reunite the Conservative party? - Stephanie Levitz, The Canadian Press, Macleans
        Conservatives return to the scene of Stephen Harper�s last stand to pick a new leader - Aaron Wherry, CBC News
Trump�s �almost bullying� of NATO leaders awkward for Canada: analyst - CTV News
        Wynne�s hydro fix: Debt and more debt - Editorial, Toronto Sun
Ottawa seeks to preserve residential-school testimonies - Gloria Galloway, The Globe and Mail
        In B.C., at least one certainty: Political leverage is fleeting - Bob Rae, The Globe & Mail
Indigenous activists want Dollarama to stop selling dreamcatchers beside Canada 150 items- CTV News
        Marches to take place as Quebec construction strike enters second day- The Globe and Mail
Newly built GTA home prices soar despite surge in re-sale listings- Tess Kalinowski, Toronto Star
        Canada�s big banks see mortgage growth slow and even shrink in wake of cooling measures- Doug Alexander, Bloomberg News, Financial Post
Canadians hoarding $16B worth of unused loyalty points- Sophia Harris, CBC News


Hillary Clinton compare Trump � Nixon et sa d�missionPlus
        Le Pentagone va tester l'interception d'un missile intercontinentalPlus
Un groupe arm� s'est empar� d'une prison o� sont d�tenus d'ex-dirigeants de KadhafiPlus
        Mer de Chine: incident entre avions chinois et am�ricainPlus
Soutien � domicile: Qu�bec annonce l'ajout de 69 millions $Plus
        Direction du Parti conservateur: qui sera �lu � Toronto?Plus
La diffamationPlus
        Locataires a�n�s: des organismes d�plorent les menaces de discrimination de propri�tairesPlus
Justin Trudeau rencontre Emmanuel MacronPlus
        Trump et les Allemands �mauvais�?: rien de m�chant, selon le pr�sident de la Commission europ�ennePlus

Les billets d'avion plus chers au Qu�bec pour les vols r�gionauxPlus
        Record de fr�quentation pour la semaine anniversaire de Montr�alPlus
Campagne de sensibilisation contre les sextosPlus
        Au moins 24 morts dans l'attaque d'un bus transportant des chr�tiens en �gyptePlus
Le �probl�me Nord-Cor�en� sera r�solu, assure Trump Plus
        Gr�ve dans la construction: fermeture des chantiers pour la fin de semaine Plus
Entente de principe pour les policiers de la SQ


>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<<
Trump told in Brussels that West should focus on �values,� not only interests - Philip Rucker, Washington Post
        Trump Tells Muslim World to Stop Enabling Terrorism - Megan Oprea, The Federalist
Comey Affair Will Be a Decisive Victory for Trump - Conrad Black, American Greatness
        2018 Is Beginning to Look Like a Very Good Year for Democrats - Chris Cillizza, CNN
A Road Trip Through Rusting and Rising America - Thomas Friedman, New York Times
        How Obama Not So Subtly Undercuts Trump - Edward-Isaac Dovere, Politico
California�s Looming Health Care Disaster - Edward Morrissey, The Week
        Trump vows to �get to the bottom� of leaks - Jordan Fabian, The Hill
Iran says it has built 3rd underground ballistic missile factory- Reuters, The Times Of India
        Trump rebukes Nato leaders for not paying defence bills- Daniel Boffey and Jennifer Rankin, The Guardian
Is Emmanuel Macron really France�s answer to Canada�s Justin Trudeau?- Tracy McNicoll, France 24
        Libyan coastguard opened fire at refugee boats: NGOs- Al Jazeera
Greek ex-PM Lucas Papademos injured in Athens car blast- BBC News

>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<<

Trump on Egypt attack: 'The bloodletting of Christians must end'
        7 demands internet giants crack down on extremist content
US rules out easing sanctions on Russia
        taly says no progress at G7 on climate change row with US
EU's Tusk calls on G7 to maintain Russia sanctions
        ATO attempts to contain Russia raising conflict risk: Moscow
US says China realizes limited time to negotiate with N.Korea
        sian energy firms sink as OPEC output deal disappoints
After UK attack, voter confronts interior minister over police cuts
        rump rows shadow 'toughest G7 in years'

U.S. lawmakers to fight massive Trump Saudi arms deal
        revious                    Next  

>>>>>>>>>>>>>>> Sign Of The Times <<<<<<<<<<<<<<<


From: Larry Kazdan
Subject:Re:  Rising program expenses propel fed 2016-17 deficit to $21.8B: preliminary estimate,  Andy Blatchford, 05/26/2017

Canada has a floating non-convertible fiat currency - the Canadian dollar - and such dollars can be created at will by the central bank.  A Library of Parliament research document plainly states: "By recording new and equal amounts on the asset and liability sides of its balance sheet, the Bank of Canada creates money through a few keystrokes. The federal government can spend the newly created bank deposits in the Canadian economy if it wishes."

To prevent inflation, there is indeed a limit (determined by available resources) to what our government can spend.  But we currently have much unused productive capacity, including the talents of 1.3 million Canadians actively seeking work who desire to earn income and contribute to society. 

During WWII we used the Bank of Canada to help pay the salaries of every third adult male who were serving in the military.  Why does the federal government not mobilize the unemployed today to do useful work by using money which costs nothing to create?  Unfortunately, pundits and ideologues constantly urge the government to protect an arbitrary and irrelevant debt-to-GDP ratio and to tolerate real world losses including the suffering of the long-term unemployed and their families. 


1. How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects
Penny Becklumb,Mathieu Frigon , Economics, Resources and International Affairs Division, Library of Parliament
10 August 2015

"By recording new and equal amounts on the asset and liability sides of its balance sheet, the Bank of Canada creates money through a few keystrokes. The federal government can spend the newly created bank deposits in the Canadian economy if it wishes."
"The Bank of Canada's money creation for the Government of Canada is an internal government process. This means that external factors, such as financial markets dysfunction, cannot cause the federal government to run out of money."

2. L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NY

How can a country�s financial condition remain sound and stable when the state can issue money whenever needed?

The danger of spending too much money is inflation; there might also be an impact on exchange rates. The solution to the first problem is to avoid spending more once full employment is reached; and to carefully target spending even before full employment to avoid bottlenecks. The solution to the second is to float the currency.

3. William Mitchell is Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), University of Newcastle, NSW, Australia

"Forget the deficit. Forget the fiscal balance. Focus on what matters � employment, equity, environmental sustainability. And as we would soon see � the fiscal balance will just be whatever it is � a relatively uninteresting and irrelevant statistical artifact."


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