How to save Newfoundlanders from Muskrat Falls disaster

The hydroelectric project mess in Newfoundland and Labrador requires some hard choices. But taxpayers deserve and need some relief

How to save Newfoundlanders from Muskrat Falls disasterThe citizens and taxpayers of Newfoundland and Labrador received important news late in 2018: an autopsy of the horrific financial debacle at Churchill Falls and the beginning of an inquiry into the questionable new Muskrat Falls hydroelectric project. The long legal battle has ended over the Joey Smallwood era’s unprofitable Churchill Falls contract, which the…

Socialism at root of the green movement

Recent global developments cast doubt on the motives and methods of the most ardent proponents of global warming

Socialism at root of the green movementThe headlong rush in Canada to punitive carbon taxes, and restrictions on production, transport and consumption of coal, oil and natural gas, may take a much-needed pause. That’s due to the SNC-Lavalin affair dragging down the federal government, the resignation of a key leader of the World Bank, and a new head of the presidential…

Corporate corruption spreads its wings around the world

Even in our law-abiding, transparent country, graft happens. In some countries, it’s the cost of doing business

Corporate corruption spreads its wings around the worldFederal politics are transfixed by apparent managerial indiscretion yet again. SNC-Lavalin – whose officials have been found guilty of corruption in the past – faces criminal prosecution with consequences that could cripple it if found guilty. The company would face a ban on federal contracts for years, and such a ban could be honoured by…

Golden executive payoffs hurt shareholders and economy

Too many Canadian companies have bad managers and boards who rarely face the ramifications of their poor decisions

Golden executive payoffs hurt shareholders and economyThe Goldcorp Inc. merger with Newmont Mining Corp. has many people bemoaning the loss of yet another large, independent Canadian company to an opportunistic acquirer. With the consequent loss of many Goldcorp executive and other head office jobs, the real tragedy is that too many Canadian companies have aimless, dysfunctional, or outright bad managers who…

Venezuela’s descent into chaos was predictable

Taking wealth from one group and giving it to others just creates misery and strife

Venezuela’s descent into chaos was predictableNicolas Maduro was recently sworn in as president of Venezuela for a second six-year term. There are no signs things will improve in the strife-torn nation during this term. His first term was marked by hyperinflation, violent repression, flight of foreign investors, shutdown of businesses, bankruptcies, riots, food shortages, mass unemployment, widespread hunger, emigration of…

Cannabis legalization missteps leave little faith for solving opioid crisis

The delays, mistakes and outright incompetence related to cannabis legalization suggest we won't be able to manage opioid use

Cannabis legalization missteps leave little faith for solving opioid crisisEver since the oft-delayed rollout of legal recreational cannabis sales in Canada on Oct. 17, there have been problems across this vast and highly regulated land. All of these problems mean the illegal cannabis market remains intact. They also suggest we won't be particularly adept at handling legitimate drug crisis in this country. The cannabis-related…

We shouldn’t trust global-warming activists

We can't adopt alternative energy sources until they're viable. So what's the delay in the necessary testing and research?

We shouldn’t trust global-warming activistsIn December, we heard the sorrowful and accusatory screed of an earnest Swedish teenager who cast gloom and guilt globally while comfortably ensconced in a heated auditorium at the United Nations climate change conference in the heart of coal country in Katowice, Poland. The crusading young woman, Greta Thunberg, asked what the rest of us…

New technology will make carbon tax obsolete

The free-market system, human ingenuity and investors and entrepreneurs seeking profits brought these ideas forth

New technology will make carbon tax obsoleteThe Canadian political scene has been riven and toxified by Ottawa’s plans to impose a tax on greenhouse gas emissions on all provinces lacking such a levy. The ostensible goal is to reduce the use of fossil fuels, and thus emit less carbon dioxide (CO2) and methane (CH4, the main component of natural gas and…

The case for privatizing Canada Post

Proceeds from the sale of Canada Post can be used to offset projected federal budget deficits

The case for privatizing Canada PostThe digital revolution has altered Canada Post Corp.’s bottom line. The shift toward e-mail has resulted in a decline in mail volumes. Parcel volumes, however, are increasing owing to fast growing e-commerce. Canada Post is struggling to keep up with these changes and this failure will cost Canada Post more than $1 billion by 2020.…

Central banks’ overreach risks another recession

We need a decentralized, innovative and transparent banking system driven by free-market principals

Central banks’ overreach risks another recessionAs financial markets around the world erupt, dampening the festive spirit of this time of year, plenty of blame has been passed around. There are some notable geopolitical risks in the Middle East, Ukraine, North Korea, Pakistan and elsewhere. There’s the trade war between China and the United States. There are also signs of slowing global…