James Alexander Michie | Blogger: January 2020

Monday 27 January 2020

A Next Gen Investor’s Predictions On Impact Investing In 2020s

Karam Hinduja also serves on the boards of numerous companies across the Hinduja Group. KARMA

Without a doubt, the 2020s will be very significant in investment, as we witness the greatest transfer of wealth in the western world. In the United States, Baby boomers, who own approximately 60% of the wealth, will move mainly to their 70s and, therefore, will pass their assets to the next generation, or the Millennial generation.

In addition, it is understood that we are faced with the objective of achieving the Sustainable Development Goals (SDGs) by the end of the decade. The 17 SDGs are an ambitious agenda established by the United Nations (UN), which include the eradication of poverty and the achievement of gender equality. To achieve the SDGs, the UN estimates that an additional $ 2.5 billion per year will be required.

Next-generation investors enter impact investment

Certainly, in 2004, TheGuardian.com reported a secret Pentagon warning about global warming: “Major European cities will be sunk beneath rising seas as Britain is plunged into a ‘Siberian’ climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world”.

Likewise, in 2008, Al Gore announced that “the entire North ‘polarized’ cap will disappear in five years”.

In addition, in 2009, the UN Secretary-General, Ban Ki-moon, declared that “The world has less than 10 years to halt the global rise in greenhouse gas emissions if we are to avoid catastrophic consequences for people and the planet”.

Pessimism

Photo: GETTY

Certainly, each organization wants to keep its name out of the carousel of data breach holders. And it is that a data breach entails significant sanctions, which include fines from the General Data Protection Regulation (GDPR), diminished reputation, cost of forensic analysis and cost of corrective actions.

The average cost of a data breach worldwide is $ 3.92 million, while the average cost of a data breach in the United States is $ 8.19 million.

The cybersecurity industry’s approach to data protection has only solved the depth of security issues. There is data loss prevention (DLP), information rights management (IRM), encryption and many available solutions that can only protect a few data well. In this way, it is appropriate to bring up a sample of data breaches.

Sample massive data breaches in 2019

Some Strategists Say Get Ready for ‘Peak Decade’

Amid the Alpine peaks of the Swiss resort of Davos in the week ahead, politicians, investors and executives will be busy debating whether we are witnessing peaks in key drivers of the world economy.

From oil demand, car production and the proportion of young people as a share of the population, to less-measurable themes like globalization, inequality and central banking power, there’s an argument each will ebb in the 2020s.

Trading Down

The IMF sees tariffs taking their toll on global trade growth

Terry Glavin: There's a revolution going on in the Mideast. Why doesn't the West see that?

Iranian protesters hold flowers as riot police fire tear gas during a demonstration in front of Tehran's Amir Kabir University on Jan. 13, 2020. AFP via Getty Images

It is necessary to highlight that since last October, hundreds of thousands of protesters have been running through the streets of Beirut, Tripoli, Sidon, Bekaa and Khaldeh in an uprising that has brought the corrupt, incompetent and committed government to Hezbollah of Lebanon on its knees. Likewise, during the fuss on Tuesday night, 59 people were arrested and the Red Cross reports at least 37 seriously injured.

Certainly in Iran, protesters have been more disciplined, but their cause is the same. They want the overthrow of a corrupt and incompetent regime, termination of the entire political system, or at least the overthrow of the regime’s theocratic dictator, Supreme Leader Ali Khamenei, and all his accomplices and acolytes.

Since last Saturday, when the Hassan Rouhani government was forced to admit that its officials had been lying, and it was the Islamic Revolutionary Guard Corps that shot down Ukraine International Airlines flight 752, killing 176 passengers, an uprising that began last.

Total chaos

Canadian governments ought to get serious about bringing down debt

Without a doubt, Canadian governments should take debt reduction seriously. In reference to this, it is well known that Canadian governments will soon present their tax and expenditure plans in their 2020 budgets. This year’s budget season offers an opportunity for federal and provincial governments to reverse the trend of accumulation of debt we have seen for more than a decade.

It should be noted that since 2007–08, the combined federal and provincial government net debt has grown to $ 1.5 trillion from $ 837.0 billion, an increase of more than $ 650 billion in 12 years, largely due to increased spending public. In other words, the current federal-provincial net debt is broken down into $ 39,483 of government debt for each man, woman and child in Canada.

While nominal levels of federal and provincial debt increased in all provinces between 2007–08 and 2019–20, Canadians face different debt burdens depending on where they live.

Levels of debt that vary and burden of debt that is unevenly distributed

A survey of Canadian satisfaction on the direction the country is headed found the greatest divide is between Quebec and Alberta.John Mahoney/Postmedia; Gavin Young/Postmedia

A survey arises that undoubtedly reveals an abyss between Alberta and Quebec. And how satisfied you are with the way things are going in Canada depends a lot on where you live, a new survey reveals.

It should be noted that, although most Canadians are satisfied with the direction of the country, there is a very different feeling in the Prairies, since it is considered that their people feel great dismay at the state of things, according to a new Angus Reid Institute survey.

Around 54 percent of the inhabitants of Manitoba are satisfied with the country’s leadership this year, which is a decrease of 14 percentage points compared to 2016.

The regional disparity in the country almost coincides with a big difference in how men and women feel about the direction of the country. Across Canada, 46 percent of men say they are not happy with the way things are going compared to 32 percent of women. There is relatively little difference between the age groups.

Resentment suggestion

It is clear that European technology is entering the 2020s in a much better way than the one that began in the 2010s. And, in 2010, European technology had a different face.

Certainly, there were some European technology companies that were successful on a large scale, such as the French engineer or the Italian Olivetti, but never really passed the baton.

You could say that this is because they stopped working altogether or because their success had been linked to a corporate world that was far removed from local startup communities.

Likewise, an ecosystem that works is about passing the witness to the next generation. The lack of precedents explains why European technology entrepreneurs struggled to succeed 10 years ago.

But the 2010s brought change. Three trends contributed to European technology coming out of the stalemate.

European tech

US budget deficit topped $1 trillion in 2019 for the first time in seven years

Certainly, it is understood that the budget deficit or public deficit describes the situation in which the expenses incurred by the State exceed non-financial income, in a given period, usually one year.

Likewise, when talking about a public deficit, reference is being made to the deficit of all public administrations in a country. For example, if we refer to the Spanish case, within the public deficit there would be a part originated by the State, another by the autonomous communities and another by the municipalities and provincial councils, the public deficit is the sum of all of them.

There is talk of a fiscal deficit in a closed economy in situations where the government does not have access to direct indebtedness with the public, inside or outside the country, and that its international reserves have been exhausted. Therefore, the only option left is to borrow from the central bank.

Once again after seven years

What has been news is the fires in Australia, which has undoubtedly been burning for months, consuming almost 18 million acres of land, causing the evacuation of thousands and potentially killing millions of animals. In fact, they show minimal signs of deceleration. The Australian state of New South Wales, where Sydney and Canberra are located, declared a state of emergency this week, as worsening weather conditions could lead to an even greater fire hazard.

Even so, it is necessary to indicate that there could be a 50,000-year-old solution: aboriginal burning practices. Certainly, as previously mentioned, the indigenous peoples of Australia have a solution for the country’s wildfires.

How it works

Plant geneticist Zach Lippman examines cherry tomatoes he is growing at the Cold Spring Harbor Laboratory in Long Island, N.Y. Lippman has edited his tomatoes' genes with a tool called CRISPR to make them more suitable for large-scale urban agriculture. (David Malosh)

That being the case, it could be said that genetically edited foods will probably appear without undergoing a risk assessment by Canadian regulators.

Importantly, in the greenhouse at Cold Spring Harbor Laboratory in Long Island, New York, plant geneticist Zach Lippman is growing cherry tomatoes. They do not resemble those that most people grow in their gardens and greenhouses. And it is that Lippman tomatoes have shorter stems and the fruit is more clustered, resembling grapes more.

It should be noted that Lippman used CRISPR, a revolutionary gene-editing tool that can edit DNA quickly and accurately, to modify three of the plant’s genes and make them suitable for large-scale urban agriculture for the first time. Likewise, with CRISPR, researchers can accurately point and cut any type of genetic material.

Emotion accompanied by severe restlessness

The Myth of Influence

Influence is the quality that gives the ability to exercise a certain control overpower by someone or something. The influence of society can contribute to the development of intelligence, affectivity, assertiveness, behavior and, in a general sense, the formation of personality. When a person has lived in society and, for extreme reasons, is deprived of relationships with others, having to live totally isolated, he immediately begins to organize his life following the patterns that the society in which he lived taught him.

Certainly, society requires the collaboration of all its members through a variety of jobs that make social development possible.

The influence could be taken into account as part of the definition of leadership. And considering that, it is clear that if you have the ability to influence others, then you have the ability to lead.

Ken Blanchard, the renowned American leadership expert and author of “The One Minute Manager” says that “The key to successful leadership is influence, not authority”.

A true myth

Gold Hits 6-Year High With Goldman Backing Bullion Over Oil

That’s right, gold rose to its highest level since 2013 as rising tensions in the Middle East fueled the demand for paradises, with Goldman Sachs Group Inc. seeing more space to run. Palladium extended the gains to a new record.

It should be noted that the bullion approached $ 1,600 an ounce after Tehran said it would no longer meet the limits of its uranium enrichment following the assassination of General Qassem Soleimani. President Donald Trump said he is prepared to attack Iran “disproportionately” if he retaliates against any US target.

In this way, it is understood that gold could be a better bet than oil amid rising tensions, according to Goldman analysts. Likewise, it has been indicated that history has shown that, in most of the results, gold will probably recover well beyond current levels.

Prices that could increase

A bushfire burns in Springwood, NSW. (AAP)

According to experts, fires not due to climate change. In fact, according to a leading expert, linking NSW forest fires with climate change is “nonsense”.

Certainly, a forest fire that spreads uncontrollably in forest or wild terrain, affecting plant fuels, flora and fauna. A forest fire is distinguished from other types of fire by its wide range, the speed with which it can be extended from its place of origin, that has the potential to change direction unexpectedly, and the ability to overcome obstacles such as roads, rivers, and firewalls.

It should be noted that earlier this week, Packham confirmed its position on what is causing the current severe forest fire conditions. He also said that fuel loads remain the central issue.

Exactly, “The most important (factor) is the dryness of the fuel, which comes from the hot dry weather.”

Gradual process

Job Cuts Due to Bankruptcy at Highest Level Since 2005

According to data published by Challenger, Gray & Christmas, 62,136 job cuts announced by US-based employers. In 2019 they were due to bankruptcy. That represents 10.5% of the 592,556 job cuts announced last year.

It should be noted that the total number of job cuts announced in 2019 was 10% higher than in 2018 and reached the highest level since 2015. It was the fourth largest number of job cuts since the financial crisis of 2008. Likewise, the increase in job cuts related to bankruptcy was mainly driven by retailers. In fact, the last time we saw job cuts due to bankruptcies at this level was in 2005, when 74,238 cuts were due to bankruptcies. That year, bankruptcy accounted for only 6.9% of job losses.

This is another sign of rot in the most vulnerable part of the United States economy.

Fake news

Carlos Ghosn, former chairman of Nissan, leaves his lawyers’ office in Tokyo on Wednesday, March 6, 2019. Photographer: Takaaki Iwabu/Bloomberg

Carlos Ghosn is a Brazilian-born French businessman of Lebanese descent who is currently an internationally sought-after fugitive. Certainly, Ghosn has served as CEO of Michelin North America, president, and CEO of Renault, president of AvtoVAZ, president and CEO of Nissan, and president of Mitsubishi Motors. Likewise, Ghosn was also president and CEO of the Renault-Nissan-Mitsubishi Alliance, a strategic partnership between car manufacturers through a complex cross-participation agreement. The company has had a market share of approximately 10% since 2010 and, as of 2017, it was considered the largest car group in the world.

It should be noted that after Nissan’s financial change, in 2002 Fortune awarded him the Asia Entrepreneur of the Year. In 2003, Fortune identified him as one of the 10 most powerful people in business outside the United States, and his Asian edition voted him as the Man of the Year. Surveys published jointly by the Financial Times and PricewaterhouseCoopers named him the fourth most respected business leader in 2003 and the third most respected business leader in 2004 and 2005. He quickly achieved celebrity status in Japan and in the business world, and His life has been narrated in Japanese comics.

Most Famous Fugitive

Supporters of the trans community protest outside the Palmerston Public Library in Toronto following a talk by controversial speaker Meghan Murphy on Oct. 29, 2019. Postmedia News

It has been said that what they really fear is the symbolic effect of a heretic who speaks freely in a space seen as traditionally controlled by dogmatics.

In the many complaints of opinion about the culture of cancellation that occurs, a common theme is that we have all become too quick to be offended. When the agony of a heretic develops in a public medium like Twitter, the show serves to warn other criminals of thought.

In this way, it could be said that this explains why the mobs of the culture of cancellation often channel tribal language and images of territorial warfare, with activists seeking to prevent the forces of “hate” from entering the secular sacred confines. from a campus, library, literary festival, public event or online discussion group. What they really fear is not the substantive content of the heretic’s message, but the symbolic effect of a heretic who speaks freely in a space seen as traditionally controlled by dogmatics.

The censorship that only works in fear of the mafia

Michael Burry of 'The Big Short' says he has found the next market bubble


	Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

Michael Burry is one of the first investors to call and benefit from the high-risk mortgage crisis, is seeing a similar bubble in passive investment, according to Bloomberg News.

In addition, Burry is an American doctor, former neurologist, and hedge fund manager. He was the founder of the Scion Capital LLC fund, which operated from 2000 to 2008 and then closed to focus on his own personal investments. Burry was one of the first investors to recognize the subprime mortgage crisis and invest through default insurance (CDS).

Now, it should be noted that passive investments are inflating the prices of stocks and bonds in a similar way as collateralized debt obligations for high-risk mortgages did more than 10 years ago.

What Burry says exactly

'There's just no money coming in': Cannabis sector bracing for wave of insolvencies in 2020

Certainly, the excess supply, the price decline and the slow deployment of stores in Ontario have led to consecutive quarters of weak income for many licensed producers.

For their part, cannabis industry experts are preparing for a series of bankruptcies in the next year, as small and medium-sized businesses with low liquidity struggle to raise funds in the oppressed sector.

Ranjeev Dhillon, a partner at McCarthy Tetrault LLP and the firm’s cannabis group lead, express “We have had a busy few years, but next year we’re going to be busy for a different reason — we expect a few million dollars in legal fees from insolvencies and consolidation ”.

It should be noted that there are currently more than 200 cannabis companies in the cultivation, processing or extraction businesses, which mainly supply an internal market that has not yet crossed the $ 1 billion mark in annual sales.

True excess supply

RBC's headquarters stands on Bay Street in Toronto in a file photo from Aug. 29, 2011. Brent Lewin/Bloomberg

That said, it is necessary to indicate that capitalism is a mode of production derived from the usufruct of private property over capital as a production tool, which is mostly constituted by business relationships linked to investment activities and obtaining benefits, as well as of labor relations, both autonomous and free subordinated employees, for commercial purposes.

In capitalism, individuals, and companies usually represented by them, carry out the production of goods and services privately and interdependently, thus depending on a consumer market to obtain resources. The exchange of these is basically done through free trade and, therefore, the division of labor is carried out in a commercial manner and the economic agents depend on the search for profit.

Do not turn your back on capitalism

The Decade of Debt

Reuters has dubbed the 2010s the “decade of debt.”

The Reuters report focused on the ballooning levels of corporate debt, but consumer and government indebtedness has skyrocketed over the last 10 years as well. This massive debt bubble poses a significant systemic risk to the financial system and the economy. Some in the mainstream are starting to hint at this, but they still don’t seem to recognize the magnitude of the problem.

Corporate debt has surged to record levels over the last 10 years. Bond issuance by US companies topped $1 trillion every year of the decade that began Jan. 1, 2010. SIFMA, the securities industry trade group, called it an “unmatched run.”

Corporate bond debt outstanding grew by more than 50% and will soon top $10 trillion. That compares with $6 trillion in outstanding corporate bond debt at the end of the previous decade.

It’s Not a Matter of If But When the Debt Bubble Pops

If something cannot go on forever, it will stop.

This seems self-evident, but as Jim Rickards noted in a recent article about the ever-growing levels of debt, people tend to ignore this indisputable truth.

Total global debt reached a record of over $250 trillion in the first half of 2019, according to an Institute of International Finance report published in November. Global debt surged by $7.5 trillion through the first half of the year. “With no sign of a slowdown, we expect the global debt load to exceed $255 trillion in 2019, largely driven by the US and China.”

According to SRSrocco, global debt has added $100 trillion in debt since the 2008 financial crisis

Gold has rallied through the last weeks of 2019 and has pushed back above the $1,500 per ounce mark. The yellow metal is on pace to finish the year up close to 18%. And there is a lot of optimism that gold will continue to shine in 2020.

As we look ahead to the new year, here are five reasons gold may well skyrocket in 2020.

This bullish sentiment for gold comes from an interesting source — CCN.com — a Norwegian news site that focuses primarily on cryptocurrency news.

1. Gold is set to break through key psychological resistance — In fact, it already has. The yellow metal pushed above $1,500 per ounce last week. The $1500-$1550 area is a long-term resistance and the gold price peaked at around $1557 in 2019. A decisive breakout above this level could send the price soaring.

The Shape Of Edtech To Come

The future of edtech includes better grading systems for educational tools, technology that supports deeper learning and ever-more-sophisticated data analysis.

Edtech is well past the orientation period.

Ninety-nine percent of K-12 classrooms in America have reached at least the minimum internet bandwidth target established by the FCC. At the same time, more than three quarters of teachers say students use Google’s G Suite in the classroom. And even though survey data collection is imperfect, estimates have shown that more than half of students have access to a laptop or tablet. As EducationSuperHighway’s most recent State of the States report concluded, “the classroom connectivity gap is now closed.”

To at least some degree, that assessment may be misleadingly optimistic (more on the subject soon). But with the infrastructure bedrock established, generally speaking, we’ve definitively entered the next stage in edtech.

It’s time to call out the most powerful post-truth scam of the 21st century CREDIT: CHRISTOPHER HUNT/GQ MAGAZINE/ PA

The climate change “emergency” is fake news. Many will roll their eyes in exasperation at the conspiratorial bombastry of yet another “denier”. But for years I have been a plastic recycling, polar bear cooing middle-grounder. In fact, Aristotle would probably turn in his grave at the logical fallaciousness of my long-held presumption that the truth must lie somewhere between those two mutually loathing opposites — Scepticism and Armageddon.

But as the doom-mongering acquires the rubber-stamped smell of instutionalised illness, it is impossible to ignore that the “woke” are the new “slept” — too deep in their sugar coma of confected hysteria to realise they are being duped by disinformation.

Before I explain why the climate “emergency” is the most electrifyingly effective propaganda exercise of the 21st century, two clarifications. I have no fight to pick with glaring evidential realities: surface records clearly show the planet is getting warmer. Nor do I have a culture war-bloodied axe to grind with the fundamental chemistry: carbon dioxide indisputably contributes to the greenhouse effect. But I do take issue with how the mainstream debate has become an insult to both the public’s intelligence and basic science.

Rex Murphy: Our not-so-brave new world has gone bananas

People attending the Art Basel Miami show on Dec. 6, 2019, take a photo of artist Maurizio Cattelan's "Comedian" — a banana taped to the wall — which was purchased for $120,000. Cindy Ord/Getty Images

There is no doubt that we live in interesting times. In spite of how exhausting the phrase is, hardly a day goes by when a story does not stop the mind, marveling at how strange they have become.

Thus, it should be noted that almost a month ago, a prestigious art house presented a strange “work” of modern art at an exhibition in Miami. It was a banana attached to a wall. There was no literature to go with him to explain why it was a banana, instead of saying a kumquat or a watermelon, or something like that, something other than citrus.

It should be noted that Art, capital A, has come a long way downhill since Michelangelo blessed the world with his Pietà, or closer to our time, Turner created the explosive wonder of The Slave Ship. Time was, art required executive skills, unique imagination, deep study and practice and, in many cases, extreme and devouring dedication.

An increasingly wild world

Now, given a banana and a roll of duct tape, all that is really required is for the right people to say it’s art. There is no doubt that we have a magical world when, if someone wants something to be something different, all they have to do is simply say it. Self-declaration without reservations is the most curious route to truth or reality. This magical thinking has an impact on other areas.

Thus, outside the art world, there is a group that calls itself “Antifa”, by its own statement, an abbreviated version of antifascist. The routine of this group is to dress in black, from head to toe and hit people with whom its members disagree.

It is not necessary to look for Politics and the English language to understand that if simply affirming something is what it clearly is not, in many cases it is exactly the opposite, in fact, separating words from their meaning becomes acceptable, the world will do it. It quickly becomes a crazy and unbearable jumble.

It is important to mention that Canada had its own banana attached to a wall this year when a litigator in British Columbia upset and harassed 16 women. Despite the unquestionable biological status of Jessica Yaniv as a man. Yaniv received a hearing in a human rights court because Yaniv was denied a female hair removal treatment. In this matter, it was enough for Yaniv to insist on femininity to launch this whole issue. That being so, it is difficult in logic, why if self-declaration is the only and unquestionable standard, a person could not declare himself as an umbrella and then start a lawsuit against Weather Channel because it got wet when it rained.

Source: Rex Murphy | National Post

Thursday 2 January 2020

Science's Untold Scandal: The Lockstep March of Professional Societies to Promote the Climate Change Scare

(Image by Gerd Altmann from Pixabay)

It should be noted that in chemistry, physics, geology or engineering, many of the world’s leading professional societies have gone from being models of technical virtue to opportunistic groups focused on maximizing the financial gains of their members in support of climate scare, the largest scientific fraud of the world. In particular, they continue to promote the unfounded hypothesis that the carbon dioxide emitted as a result of the use of fossil fuels by mankind is leading to an environmental catastrophe. No doubt that is what has been heard for the last decade and more, with 21 candidates for the Democratic nomination for the presidency in the next elections that promote some kind of green New Deal, a plan to eliminate the use of fossil fuels and replace them with wind and solar energy-returning society to the lifestyle of the 1880s.

Societies have taken by extremists

Gold prices power to 6-week high, back above $1,500.00

2020 is expected to be another year of great uncertainty and turmoil. But the question is which asset will be victorious when the dust settles in the global trade war, Brexit, recession threats, negative bond yields. It is certainly a confrontation of global proportions.

Certainly, gold and silver prices are solidly higher and are at a maximum of six weeks in Tuesday’s midday trade. Gold prices fell above the psychologically important level of $ 1,500.00. You could say that for the holidays and at the end of the year, safe metal bulls have much more confidence as the technical positions for gold and silver have become positive. It is important to note that other markets for raw commodities are being encouraged, including the markets for grains, soft products, and crude oil. This suggests that traders and investors expect better global economic growth in 2020.

That would clearly mean a greater demand for raw materials, including precious metals.

Gold before 2020

It should be noted that during Friday, all major stock markets ended the week in weekly highs in record territory. In fact, positive data on income and personal expenses helped boost the upward actions to close the week. That being the case, everyone has continued to cheer on the “strong economy”, but during his podcast on Friday, Peter Schiff said that, in truth, the US economy is the biggest bubble in history. And in fact, it is being driven by the most reckless combination of monetary and fiscal policy in history.

And it is necessary to indicate that even when solid income and expense data were obtained, another manufacturing number was weak. The Kansas City manufacturing index recorded its lowest impression in four years. It was the sixth monthly decrease in that index.

Confirming Numbers

David Staples: If anyone can persuade Trudeau to end his disastrous spirit quest on renewable energy, it's Michael Shellenberger

It has been indicated that Michael Shellenberger is a person with the knowledge, passion, and credibility to move Trudeau.

There is certainly a brilliant way to build Canada with cleaner energy and higher levels of prosperity. However, the reality is that unfortunately, it is not the way Prime Minister Justin Trudeau proposes, with his revolutionary change to the renewable energies of oil and gas.

In fact, it could be said that Trudeau’s road has been tested at a huge cost in places like California and Germany, but has done little to reduce carbon emissions while increasing the cost of energy. Fortunately, there is at least one person with the knowledge, passion, and credibility to move Trudeau. That is Michael Shellenberger, North America’s leading public intellectual on clean energy.

Capacity in one person

Alison de Groot, managing director of the Canadian Sporting Arms and Ammunition Association, seen at a gun range on Aug. 24, 2019. Ed Kaiser/Postmedia

The new liberal changes will disarm non-violent and law-abiding Canadians. Surely that is the goal and in fact, it always has been.

Certainly, Canadian progressives see themselves, in contrast to conservatives, as influenced by the evidence. Better practices. Data. Last summer, a long-standing Canadian public policy debate turned head first for new information. The new information reformulated national and local debates in Canada, now we saw it again in the recent Speech of the Governor General’s Throne.

Data and police experience have long shown that Canadian criminal gangs were armed with weapons from the United States but in the summer of 2018, the Canadian Press cable service published a story that told the public that This long observed trend was no longer true.

Wrong information

Finance Minister Bill Morneau delivers the fiscal update in Ottawa on Dec. 16, 2019.Blair Gable/Reuters

Clearly, for some, a larger debt does not cause economic anxiety. In fact, it has been said that Canada lives on a street where everyone is in debt.

Also, it is clear that the stock market has risen! Loan costs are low! Thus, it is clear that only a fool would not charge while he can.

It should be noted that even Canada does better than stingy Germans, supposedly known for their discipline. All this makes Bill Morefornow, who is in charge of Canada’s finances, feel quite good about himself. “Look!” He says when someone asks about Canada’s debt. “We’re not in such bad shape as these other guys!” Bill Morefornow has a half-full view of life full of glass. In fact, he doesn’t even like the idea that it’s only half full. I could borrow more money and fill it out tomorrow if I wanted to.

Pages