Saturday 2 December 2017

CANADIAN Daily Digest December 2, 2017

>>>>>>>>>>>>>>>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<<<<<<<<

Ethics watchdog wants to talk to Bill Morneau about his 2015 stock trades

Chrystia Freeland decries plight of four Canadians jailed in China
        Canadians detained in commercial dispute looming over Trudeau trip to China
Liberals� want to be global leader on open government, but face complaints at home
        Feds to spend millions to reverse low take up rates for low-income benefits

Quebec solidaire votes to merge with Option nationale ahead of 2018 election
        Hong Kong-based company to spend $350M to expand capacity in Ontario, premier says
Trudeau campaigning for Surrey, B.C., Liberal candidate ahead of byelection
        Somebody please explain why Ottawa is taxing medical cannabis

NDP leader says he will not run for a seat in Windsor-Essex
        If Qu�bec Solidaire and Option Nationale merge, the stakes may be higher than you think
�The scalp of Edward Cornwallis� to be sold online by Mi�kmaq group
        Canada�s top soldier talks North Korea, ISIS and military suicides in year-end interview
Canada weighing China trade challenges as Trudeau heads to Beijing: official
        Here�s how we rip the lid off sexual harassment on the Hill
Judge grants stay of part of Quebec�s controversial religious neutrality law
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<<
Chinese truck manufacturer to open Ontario factory, Premier says on trade trip - Rob Ferguson, Toronto Star
        Conservative MP Marilyn Gladu recites anti-pot poem in House of Commons - CBC News
Federal government proposes changes designed to drop cost of patented drugs - The Canadian Press, CBC News
        Justin Trudeau faces classic profit-versus-human rights conundrum on trip to China - Alex Ballingall, Toronto Star
Judge strikes down key provision of controversial Quebec law that bans face-coverings - The Canadian Press, Toronto Star
        Trudeau labels legit terrorism questions as �Islamophobia� - Anthony Furey, Toronto Sun
Notley held up her end of the deal. If only Trudeau would do the same - Rex Murphy, National Post
        How religion cuts into politics in B.C. - Douglas Todd, Vancouver Sun
Morneau�s behaviour is beneath his office - Editorial, Toronto Sun
        National parks free for people 17 and under starting in 2018 - Cody MacKay, CBC News

The loonie is on fire as Canada�s jobless rate falls to lowest in decade- Greg Quinn and Theophilos Argitis
        BlackBerry to pay Nokia $137-million in payment dispute- Ahmed Farhatha, The Globe and Mail
Bell launching discount prepaid wireless company Lucky Mobile in most major Canadian cities- The Canadian Press, Toronto Star
        Weaker exports hold back growth as economy expands at 1.7 per cent annual pace in Q3- CTV News
Rachel Notley makes the Great Canadian Pro-Pipeline Road Trip- Tracy Johnson, CBC News


Des dizaines de milliers de personnes � un concert pour les �prisonniers politiques�Plus
        Un homme gravement bless� par arme blanche � Montr�alPlus
Enqu�te russe: �aucune collusion�, dit Trump apr�s l'inculpation d'un ex-conseillerPlus
        Premi�re soir�e bien remplie pour les b�n�voles d'Op�ration Nez rougePlus
Qu�bec solidaire en congr�s cette fin de semainePlus
        Trump d�ment que son chef de la diplomatie soit sur le d�partPlus


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

>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<<
When Democrats Backed Tax Cuts - Kimberley Strassel, Wall Street Journal
        Dems Must Find Honor and Get Rid of Franken & Conyers - Ryan Cooper, The Week
Pete Williams: A guilty plea indicates Flynn is cooperating - Pete Williams, NBC News
        Don�t Believe the Democrats� Myths About Tax Reform - Alfredo Ortiz, Fox News
Michael Flynn charged with making false statement to the FBI - Josh Dawsey, Washington Post
        Potsdam police find explosives near Christmas market- BBC News
Syrian Kurds hold local elections, press on with autonomy plans- Reuters, The Times Of India
        Pope Francis utters the word �Rohingya� after criticism- Al Jazeera
Former Catalan leaders appear before supreme court in Madrid- Agencies, The Guardian
        SPD leader Schulz backs talks with Merkel on political impasse- France 24

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

Middle East leaders paint 'dark picture' at Rome conference
        Hamas accuses Palestinian Authority of blocking reconciliation
German far-right meets to pick new leaders amid pro-refugee protests
        Erdogan says U.S. courts cannot put Turkey on trial
State of emergency in Honduras after post-vote violence
        Communist Hanoi gets its first McDonald's
US Senate passes tax rewrite, in major win for Trump
        Syria army intercepts Israel missiles near Damascus: state media
China�s debt crackdown hits cash loan firms
        Study suggests U.S. vastly overstating oil output forecasts

U.S. troops get freeze-dried plasma for battlefield blood loss
        Tillerson says reports of imminent ousting laughable
Burqa-clad Taliban attack Pakistani college leaving nine dead, over 30 injured
        Beijing bans Lunar New Year fireworks, evil spirits rejoice
Previous                           Nex

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


From: Larry Kazdan
Subject: Re:  'Unstoppable' labour market adds jobs for 12th month, drops jobless rate to 5.9%, The Canadian Press, Dec. 1, 2017

The inanity of modern neo-liberal economics is illustrated when 5.9% unemployment is extolled as "operating at full employment".  At this level, over 1 million Canadians are still actively seeking work, a number which does not include the discouraged, nor part-timers who would welcome more hours.  Those additions would likely double the official rate.

Unemployment is a scourge with significant economic, social and personal costs. In addition to considerable loss of earnings and job skills, the long-term unemployed experience higher rates of mental illness, addictions, and family breakdowns. 

During and after the Second World War and well into the 1950s, when government policies focused on achieving full employment for returning veterans, unemployment rates dropped to 3% or less. But today, those without work are largely abandoned; their plight not even recognized by pundits, professors and politicians who pretend that the same government that can fight world wars (and more recently bail out a troubled financial system) is yet powerless to assure a job for every job-seeker.  

1. Study: Linking labour demand and labour supply: Job vacancies and the unemployed

"In the second quarter of 2017, unemployment averaged 1.28 million and the number of job vacancies was 460,000, meaning that there were 2.8 unemployed persons for each job vacancy."

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

"The neo-liberal era has been characterised in part by the abandonment of a commitment to full employment by governments and a new obsession with full employability.

The former requires the state to take responsibility for ensuring there are enough jobs to meet the desires for work by workers. It is a demand-side strategy. If the non-government sector doesn�t create enough work then the government has to step in either to stimulate more private job creation (via targetted or general spending/taxation initiatives) or directly create public sector jobs.
Full employability blames the victims of the job shortage and focuses policies (sticks and carrots) on the individuals without regard to whether there are sufficient jobs to go around."

3. A note on Canadian unemployment since 1921
"From 1927 to 1929, and again during and after the Second World War, unemployment rates dropped to 3% or less......"

4. The Deficit: Hysteria and the Current Crisis
Further, in order to reduce the rate of unemployment and eventually the deficit in the longer term it is necessary to greatly increase the gap between government expenditure and revenues.

This is clearly what happened during World War II when the deficit rose from less than 1 percent of the GNE in 1939 to 21.7 percent of the GNE in 1944.  The unemployment rate fell from 11.4 percent to 1.4 percent during the same period.  In a period of less than 3 years after these enormous deficits, the resulting economic recovery produced a surplus in 1947 of 5.7 percent of the GNE.  This surplus position continued until 1954.

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