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economy

December 21, 2009 Original Peoples

From Potlatch to Welfare

Lutz on historical "dialogue" and the subordination of Indigenous economies in the Pacific Northwest

December 4, 2009 Business

Bendable Business

Cooperatives less likely to break in economic crises

November 12, 2009 Weblog:

Finance Minister Rejects Push for "Tobin Tax"

A proposal by UK Prime Minister Gordon Brown for a global tax on financial transactions to fund bank bailouts has been rejected by Canadian Finance Minister Jim Flaherty, according to the CBC.

"That’s not something that we would want to do. We’re not in the business of raising taxes," said Flaherty.

A a global tax on financial transactions (also known as a Tobin Tax) was first proposed by economist James Tobin as a means of regulating out-of-control speculation in financial markets.

Brown's proposal was also rejected by the US.

On the map with Avi Lewis

Oil. Canada has it and the US craves it. But what are the implications of treating Alberta's tar sands as America's security blanket?

April 21, 2009 Apr 21 by CBC
March 9, 2009 Weblog:

If AIG Goes Down...Yikes!

Fours days before receiving a second bailout to the tune of $30 Billion, AIG issued a confidential internal memo regarding what could happen if the insurance company failed.

Doomsday scenarios included:

  • The potential for cascading failure of US insurance companies
  • The potential that US companies in foreign companies could be permanently lost to nationalization
  • A run on the US dollar
  • Destroy US retirement savings
  • General economic meltdown similar to that of Lehman Brothers

Happy reading!

» continue reading "If AIG Goes Down...Yikes!"

March 1, 2009 Weblog:

February Economic Armageddon: Recap

The meltdown of the economy is becoming so common and widespread it has been hard to keep track of everything that is going on. Briefly:

  • In Canada, media empires including
    CTV, Torstar, Quebecor and Canwest continue to flounder along with a whole host of other media outlets across the continent.
  • At the same time, Canadian pension funds, most of the big banks, Nortel, Walmart Canada, GM and a number of agricultural and mining industries are being hit with massive losses.

South of the border, thing are looking a little rough for the folks in the halls of power.

  • Barack Obama is strutting out the biggest budget in US history which looks to (supposedly) raise taxes on the upper classes, cut Medicare to give more people health care and rip into Pentagon spending, military contractors and agri-business. The US economy meanwhile contracted 6.2% in the last 3 months of 2008.
  • The "Sage of Omaha", Warren Buffet is sage-no-more having admitted to $11.5 billion in losses.

» continue reading "February Economic Armageddon: Recap"

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The Dominion is a monthly paper published by an incipient network of independent journalists in Canada. It aims to provide accurate, critical coverage that is accountable to its readers and the subjects it tackles. Taking its name from Canada's official status as both a colony and a colonial force, the Dominion examines politics, culture and daily life with a view to understanding the exercise of power.

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