A study that seeks to go behind ideology to study the connections of the powerful has revealed that the global economy only has a handful of players. Conducted by complex systems theorists at the Swiss Federal Institute of Technology in Zurich the study "examined the connections between 43,000 transnational corporations [and] has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy." Of those companies there is a "super-entity" of 147 even more tightly knit companies.
A new report says the Northern Gateway pipeline would boost crude oil prices $2 to $3 per barrel annually over the next 30 years, causing significant damage to consumers, businesses and the Canadian economy.
The economic assessment of the $5.5-billion project by former Insurance Corporation of British Columbia CEO Robyn Allan says the price shock will have "a negative and prolonged impact on the Canadian economy by reducing output, employment labour income and government revenues."
Each year the Columbia Institute does polling on the local issues that British Columbians consider most pressing. This year we also asked British Columbians about their support for Living Wage policies and action on Climate Change. Click below to read the results.
Canada can expect to pay $5 billion per year by 2020 and between $21 billion and $43 billion each year by 2050 if it fails to come up with a domestic plan within a global agreement to tackle climate change, according to an assessment released by a federal advisory panel.
Other key findings from the report by the National Round Table on the Environment and the Economy include:
With all the talk of government debt recently — Toronto, $4.7 billion; Ontario, $240 billion; the U.S., $14.6 trillion — the spectacular figures and the concept of debt itself have become so abstract many people don’t even understand the conversation. The Toronto Star recently spoke with Dr.
