Monday, 3 July 2017

CANADIAN DAILY DIGEST July 2, 2017.


The DAILY DIGEST: INFORMATION and OPINION
>>>>>>>>>>>>>>>HEADLINES ACROSS CANADA <<<<<<<<<<<<<<<

CBCBritish Columbia Calgary Edmonton Saskatchewan Manitoba Thunder Bay Sudbury Windsor Kitchener-Waterloo Hamilton Toronto Ottawa Montreal New Brunswick  Prince Edward Island Nova Scotia  Newfoundland & Labrador

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<<<<<<<< http://www.nationalnewswatch.com/

Canada�s trade deal with itself now in effect, as EU deal waits

�An absolute fiasco�: Disorganized security lines cause backlog
        Humour is Canada�s way of pushing back against U.S. dominance
Locals divided by Trudeau�s Alberta oversight in Parliament Hill speech
        Demonstrators clash at border crossing over Trudeau�s immigration policies

Canadian among injured in NYC hospital shooting
        From Borden to Pearson to Trudeau: How Canada Day has defined a nation
Justin Trudeau: The Canada Day interview
        Canada�s coming of age � and mine
It�s time to shed the last vestiges of colonialism
        How to turn Canada 150 into a celebration for everyone
150 years of cultural genocide: Today, like all days, is an insult

150 celebrations highlight Quebec�s complicated relationship with Canada
        B.C.�s Liberal legacy
Celebrating 150 years of Canada�s extraordinary vision
        Ottawa proposes new rules for resource companies
Canadian economy grew 0.2 per cent in April, matching expectations
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/
Idle No More protesters draw attention to Indigenous youth suicide crisis with blockade near Winnipeg - The Canadian Press, Toronto Star
        Prince Charles, Camilla celebrate Canada 150 in Ottawa and Gatineau - The Canadian Press, Toronto Star
Gov. Gen. David Johnston�s statement on Canada 150 - The Canadian Press, CTV News
        Crowds gather on rainy Parliament Hill for Canada 150 celebrations - CTV News
Building a new legacy in Ontario - Patrick Brown, Toronto Sun
        Kenney has no fear of disgruntled liberal Tories in Alberta Party - James Wood, Edmonton Sun
Hunger for tomatoes turns Canada into greenhouse superpower- Financial Post
        Sears Canada common shares to be delisted from Toronto Stock Exchange- CTV News
SNC-Lavalin prepares to sell off assets- Jacqueline Nelson, The Globe and Mail
        Canada 150 marketing campaigns a balancing act between tasteful and tacky- Solomon Israel, CBC News

TOUTES LES NOUVELLES PUBLIES DEPUIS 24 HEURES http://fr.canoe.ca/infos/aujourdhui/

Attentat suicide dans un camp de d�plac�s en Irak, 14 morts Plus
        6000 cyclistes pr�ts � parcourir 135 kmPlus
Suisse: un voleur de plumes d'oiseaux devant la justicePlus
        Les forces irakiennes gagnent du terrain face aux djihadistes � MossoulPlus
Mer de Chine m�ridionale: un navire am�ricain passe pr�s d'une �le contr�l�e par P�kinPlus
        Damas frapp�e par un attentat suicide, au moins 18 mortsPlus
Un commerce vis� par un cocktail Molotov � BrossardPlus
        Une agression arm�e fait deux bless�s sur le Plateau Plus
Le premier ministre Trudeau pr�sente les prochains astronautes canadiensPlus
        L'un des plus importants ca�d d'Am�rique du Sud, Luiz Carlos da Rocha, arr�t� apr�s une cavale de 30 ansPlus

Tensions � la fronti�re entre pro et anti-immigration � Saint-Bernard-de-LacollePlus
        Russie: Vladimir Poutine signe une loi controvers�e sur un plan de relogement massifPlus
Philippines: 400 000 personnes ont fui Marawi, occup�e par des islamistesPlus

FOREIGN AFFAIRS & GENERAL INFO

>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<< http://looniepolitics.com/
Trump Blinds Media, Who Keep Repeating Same Mistakes - Lisa Boothe, Washington Examiner
        State Department reverses decision not to hire foreign service scholarship graduates - Josh Delk, The Hill
There�s a Lot to Like About Republicans� Better Care Act - Erica Grieder, The Week
        Sanctuary City Crackdown Best Trump Move Yet - Cheryl Chumley, Washington Times
Trump Tweets Stoke Voter Fraud Claim and Attack News Media - Michael D. Shear, New York Times
        Trump proves to be an unreliable ally to Republicans in the health-care fight - Dan Balz, Washington Post
The Republican Plot to Kill Obamacare Isn�t Dead - Abigail Tracy, Vanity Fair
        UN to cut budget for peacekeeping missions- France 24
World leaders pay tribute to German unifier Helmut Kohl- Al Jazeera
        Pope replaces top rival in latest move to make church more inclusive- Reuters, The Guardian
Ukraine points finger at Russian security services in recent cyber attack- Reuters, The Times Of India
        Xi Jinping warns Hong Kong over sovereignty �red line�- BBC News

>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<< http://www.dailystar.com

Erdogan hosts Russia defence chief amid Syria border tensions
        Yemen's cholera death toll rises to 1,500: WHO
Gulf deadline to resolve Qatar rift approaches
        Trump defends Twitter use after attacking media
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>>>>>>>>>>>>>>> Sign Of The Times <<<<<<<<<<<<<<<
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>>>>>>>>>>>>>>>GLEANED POSTS<<<<<<<<<<<<<<<

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From: "John Feldsted" <jfeldsted@shaw.ca>
Subject: Its official: Trudeau & Company can't even throw a p
arty

Despite spending like sailors on a long-delayed shore leave, our government couldn�t get its act together to host a Canada Day party. They claimed to be prepared for 500,000 people they expected to come to party on Parliament Hill, but could not even manage 25,000.

The disrespect shown for citizens who tried to attend is unforgivable. Never has the contrast between Ottawa �insiders� and the public been more conspicuous - or snobbish. Canada Day organizers seem to have been channeling Marie Antionette while preparing to let the masses know they just don�t count.

See below:        
John Feldsted
Political Consultant & Strategist
Winnipeg, Manitoba

===================================
From: Larry Kazdan
To: letters@globeandmail.ca Cc: bcurry@globeandmail.com, info@ifsd.ca
Subject: Re:   Higher interest rates will increase Ottawa�s budget deficits, report warns, Bill Curry, Jun. 30, 2017

https://www.theglobeandmail.com/news/politics/higher-interest-rates-will-increase-ottawas-budget-deficits-report-warns/article35510379/

After the 2008 financial crisis erupted, the Harper government was able to bail out big institutional lenders by replenishing their coffers through a $200 billion "Extraordinary Financing Framework". This was possible without raising taxes because the Canadian government wholly owns the Bank of Canada, the lender of last resort, which can issue Canadian dollars without limit.

The Canadian government can always bail out commercial banks and can always pay interest on the federal debt, or can sharply reduce interest expenses by borrowing directly from its central bank. Stoking hysterical fears of unmanageable public debt is a tactic used by those with a small-government, low-tax agenda that largely benefits business and financial elites.

Since 1.3 million Canadians are today actively seeking work, the federal government should focus not on deficit reduction but on targeting full employment. This can be achieved by implementing a community level job guarantee program open to all skill levels in areas of health, education, and environmental protection. According to John Maynard Keynes, the public credit is not harmed by expenditures which make the economy more productive. "Look after the unemployment" he remarked, "and the Budget will look after itself." 

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.

2.  Alan Greenspan, former U.S. Federal Reserve Chairman
http://www.federalreserve.gov/boarddocs/speeches/1997/19970114.htm

"Central banks can issue currency, a non-interest-bearing claim on the government, effectively without limit.
***
...a government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit."

3.  The Job Guarantee: A Government Plan for Full Employment
http://www.thenation.com/article/161249/job-guarantee-government-plan-full-employment

The benefits of full employment include production of goods, services and income; on-the-job training and skill development; poverty alleviation; community building and social networking; social, political and economic stability; and social multipliers (positive feedbacks and reinforcing dynamics that create a virtuous cycle of socioeconomic benefits). An �employer of last resort� program would restore the government�s lost commitment to full employment in recognition of the fact that the total impact would exceed the sum of the benefits.


4. John Maynard Keynes:

http://rortybomb.wordpress.com/2012/03/06/vsp-historical-trip-also-keynes-look-after-unemployment-and-the-budget-will-look-after-itself/
From a 1933 radio debate:
"I do not believe that measures which truly enrich the country will injure the public credit�It is the burden of unemployment and the decline in the national income which are upsetting the Budget. Look after the unemployment, and the Budget will look after itself."

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