CANADIAN DAILY DIGEST October 12, 2017.

The DAILY DIGEST: INFORMATION and OPINION
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>>>>>>>>>>>>>>>NATIONAL NEWSWATCH<<<<<<<< http://www.nationalnewswatch.com/

Prince Charming and his taxes: Justin Trudeau�s flying unicorn hits a storm

How Trump and Trudeau heated up the White House
        The U.S. has started delivering its bombshell demands at NAFTA talks
Construction underway for Canada 150 rink on Parliament Hill
        Budget Cover Cost $212,234

Quebec premier lashes out at media over cabinet shuffle questions
        Justin Trudeau spotted out in Washington after White House meeting
Canadian-American family held captive by Taliban-linked group released
        Feds fumble on employee discounts a display of supersized political stupidity
Tax Reform Is Never Easy
        NAFTA 2.0 � Are its days numbered?
Opting In By Opting Out
        Jagmeet Singh and the media�s race problem iPolitics Insights
Hypocritical scumbags like Harvey Weinstein come in all political stripes
        ESPN exposes its hypocrisy in suspending Hill

Feds ditch memo calling for controversial employee-discount tax, pending review
        Trudeau heads to Mexico after blunt talk about alternatives to NAFTA
Anti-pot petition sponsored by Brad Trost nets almost 13,000 signatures
        RCMP officers screened Quebec border crossers on religion and values, questionnaire shows
Jean raises concerns over UCP leadership voting process
        Stephen Harper offers a gloomy take on the state of international trade, NAFTA
Canada�s Nuclear Advantage for Clean Prosperity � A Question of Will
        Two NAFTA negotiations but one is running off the rails
Please pass the politics: The collapse of the Liberals� comms game
        U.K. government is interested in joining NAFTA, or whatever it becomes, Brexit leader says

>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/
How Trump and Trudeau heated up the White House - Meagan Campbell, Macleans
        Inside the progressive think tank that really runs Canada - Anne Kingston, Macleans
Patrick Brown�s victory plan: stop his own party from screwing up again - Kelly McParland, National Post
        Gerald Butts�s sprawling, heavy-hitting, mega-rich, do-gooder Rolodex - Nick Taylor-Vaisey, Macleans
What�s on Trudeau�s agenda in Mexico, and what�s at stake for NAFTA? A guide - The Globe and Mail
        Two decades after quitting politics, McKenna carves out �premier emeritus� role - Kevin Bissett, The Canadian Press, CTV News
Trudeau heads to Mexico after blunt talk about alternatives to NAFTA - Evan Dyer, CBC News
        Only Liberals, not sales clerks, are �entitled to entitlements� - Mark Bonokoski, Toronto Sun
Trudeau by the numbers: They�re bad - Lorrie Goldstein, Toronto Sun
        Business lobby gives political parties election wish list - Robert Benzie, Toronto Star

Trump raises possibility of Canada-U.S. deal in meeting with Trudeau - Aaron Wherry, CBC News
        Time to follow America�s lead on minimum wage - Martin Regg Cohn, Toronto Star
Feds win bid to reargue the facts used in landmark assisted-dying case - Geordon Omand, The Canadian Press, CTV News
        Trudeau rules out taxing employee discounts - Bill Curry, The Globe and Mail
Russian employee of Bombardier acquitted in bribery case- CTV News
        �Following the Eaton�s death spiral� Sears to end 65 years of retail history- Hollie Shaw, Financial Post
IMF warns Canada over perilous, longer-than-average credit boom- Michael Babad, The Globe and Mail
        �Anger, betrayal�: Sears staff speak out about demise of the company and their jobs- Sophia Harris, CBC News

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

Sherbrooke: un p�re de 52 ans coupable d'inceste sur sa fillePlus
        Port�e disparue � Gatineau, une adolescente pourrait se trouver dans le secteur d'OutremontPlus
Tests � la fronti�re: le NPD d�nonce un profilage religieuxPlus
        Incendie � Sherbrooke: une bonbonne de propane aurait pu causer bien des d�g�tsPlus
Pornographie juv�nile: Un homme de 32 ans de Granby au banc des accus�sPlus
        Un satellite de la Nasa r�v�le des pics saisonniers d'�missions de CO2 autour du globePlus
Attentats de Bruxelles: le nouvel inculp� suspect� d'avoir fourni un kamikaze en explosifsPlus
        Cadeaux des f�tes : les Canadiens s'attendent � d�penser 1500 $Plus
Faux voyages: la police recherche des victimes potentielles de Jessica LuongPlus
        Donald Trump met Porto Rico sur la sellettePlus

Une scie rep�ch�e dans l'enqu�te Plus
        Les �tats-Unis se retirent de l'UNESCOPlus
Un p�re canadien ainsi que sa femme et ses trois enfants lib�r�s des talibans par l'arm�e pakistanaisePlus
        Propos mena�ants envers un chauffeur d'autobus du RTLPlus
Un toiletteur victime d'un incendie suspectPlus
        Trump a allum� �la m�che de la guerre�, d�nonce le MAE nord-cor�enPlus
70 chiens pris en charge: d�mant�lement d'une �usine � chiots� � Saint-Gabriel-de-BrandonPlus
        Montr�al: des mesures provisoires pour s�curiser la voie Camillien-Houde

FOREIGN AFFAIRS & GENERAL INFO

>>>>>>>>>>>>>>>Stay up to date on Russia - read RussiaFeed<<<<<<<<<<<<<<<<

>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<< http://looniepolitics.com/
Obama Lied. My Fourth Health Plan Died. - Michelle Malkin, Townhall
        Scarborough: Destruction of GOP will be part of Trump�s legacy - Avery Anapol, The Hill
Trump: �It is about time� Goodell is �demanding� NFL players stand for anthem - Julia Manchester, The Hill
        Feinstein Re-election Bid May Spur Challenge on Left in CA - Caitlin Huey-Burns, Real Clear Politics
Trump Is Overwriting Obama�s Unlawful Green Schemes - Rich Lowry, New York Post
        Pruitt and Trump Further Endanger the Planet - Amy Sorkin, The New Yorker
Taxes & Obamacare: Trump�s Art-of-the-Deal Waterloos? - Jill Lawrence, USA Today
        Iran says US opposing �whole world� on nuclear deal- AFP, The Times Of India
Indian court rules sex with minor wife is rape- Al Jazeera
        Spanish government to hold crisis talks on Catalan independence- Sam Jones, The Guardian
Israeli spies �watched Russian agents breach Kaspersky software�- BBC News
        Court decision, parliamentary vote stoke unease over Kenyan election re-run- France 24

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

Trump's Iran plans driving EU toward Russia and China: Germany
        Kurds must back country's 'unity' before talks': Iraq
Netanyahu says Israel to withdraw from UNESCO
        Five things to read today
Israel says Hamas must disarm under Palestinian unity deal
        Afghan civilian casualties soar as US ramps up airstrikes
Model village shows cracks in Xi's fight to end China poverty
        Bulgaria's tough test in bringing Roma back to school
US withdraws from UNESCO: source
        Spain marks national day with show of unity in Catalan crisis

Myanmar's army chief says Rohingya exodus 'exaggerated'
        Europe scrambles to save Iran deal, fearing Trump torpedo
Key U.S. lawmakers back enforcing Iran pact
        U.S. warship near China-claimed islands irks Beijing

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From: Larry Kazdan
To: letters@freepress.mb.ca Cc: adb@cp.org
Subject: e:  Message massage: feds wrestled with infrastructure bank narrative, too,  Andy Blatchford, Oct 11 2017

https://www.winnipegfreepress.com/canada/message-massage-feds-wrestled-with-infrastructure-bank-narrative-too-450373353.html

Infrastructure Minister Amarjeet Sohi's argument that an infrastructure bank is needed to fund projects that public bodies can't afford is seriously flawed. In the post-war era, the federal government used central bank financing to build highways, airports, bridges, schools, and hospitals.  Prior to 1975, the federal government also introduced Canada-wide Medicare, universal pensions, the modern unemployment insurance system, and cost-sharing with the provinces for higher education and welfare. The federal government did not go cap in hand to global asset managers then.

However, an infrastructure bank today will indeed serve its purpose. It will reward the financial advisors and their related corporations who support the Liberal Party and who advised the government to set up this opaque and self-serving body in the first place. Projects will be specially selected and designed to generate steady, reliable returns for investors through revenue streams such as user fees. No wonder the government has a problem communicating its message. The users aren't particularly receptive.  

Footnotes:

1.  Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935 75

http://www.levyinstitute.org/pubs/wp_848.pdf

As shown in figure 1, between 20 25% of Canadian public debt was financed

and held by the central bank and government from the end of World War II up to the early

1980s but inflation was below 5% right up until the early 1970s..............

***

....in the period 1945 70....Federal government capital expenditure funded highways, airports, bridges,

schools, hospitals, and other physical infrastructure.

***

During the period 1960 75, the federal government also introduced virtually all of the major

policy innovations that make up Canada�s system of social programs: Canada-wide Medicare,

universal pensions, the modern unemployment insurance system, and cost-sharing with the

provinces for higher education and welfare.

2. The glorious gouging of the public purse

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

http://bilbo.economicoutlook.net/blog/?p=23811

"The real problem with the PPPs in this regard is that is a falsehood that the risk shifts from the public to the private sector. Who ultimately bears the risk? The risk premium in private financing is based on the fact that a private entity can become bankrupt with its product and service exiting the market. With an essential public service it is a fantasy to say that the PPP contract transfers risk to the private sector.

If the private partner defaults, the public always has to pick up the pieces. There is no real risk transferred."

3. Justin Trudeau�s big infrastructure mistake

http://canadafactcheck.ca/justin-trudeaus-big-infrastructure-mistake/

"Michael Sabia, who in addition to being a Council member is also CEO of Quebec�s Caisse de d�p�t pension fund, let the cat out of the bag in a March 3 speech to the Toronto Region Board of Trade:

�For long term investors, infrastructure offers something that�s not easy to find today: stable, predictable returns in the 7 to 9 per cent range with a low risk of capital loss exactly what we need to meet our clients� long term needs�.

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