Today, Finance Minister Jim Flaherty said he is opposed to the provincial proposal to expand the Canada Pension Plan (CPP) because it is not a “modest” proposal and would cost jobs. In fact, according to pension expert Robert Brown, the provincial plan would gradually raise employer CPP premiums by 1.55%, starting at earnings above $25,000.
In October, 2011, two leading U.S. economists, Nobel prize-winner Paul Krugman and Lawrence Summers, squared off in Toronto in the high-profile Munk Debates. At issue was the question of whether North America faced a Japan-style era of prolonged economic stagnation.
Mr. Summers, former Treasury secretary under president Bill Clinton, a key White House economic adviser in President Barack Obama’s first term, former president of Harvard University, and for a time a highly paid adviser to a leading hedge fund, is as close to an establishment economist as one can get. He was widely reported to be President Obama’s personal choice to replace Ben Bernanke as chairman of the Federal Reserve Board, and probably would have been nominated if not for strong opposition from the many Democratic senators who saw him as too close to Wall Street.
The wrath of the biblical prophets was often directed at those who enjoyed the inequality of their riches while ignoring the needs of the vulnerable at the other end of the economic scale. One of the earliest of such prophets was Amos, who condemned those who oppress the poor and crush the needy. According to biblical scholar Walter Bruggeman, Amos was protesting against the “self-indulgent economy of the urban elite.” In statements made both before and after he became Pope, it is clear that Pope Francis sees the prophetic tradition as integral to his understanding of what it means to be a good pastor of the flock.
Grey Cup 101 is in the books. The green and white confetti has been trampled over, the line-ups at the Roughrider stores are no longer out the door, and fans are likely caught up on their sleep after a huge celebration in honour of Saskatchewan winning their 4th Grey Cup victory.
Reviewing the blogs, newspaper coverage and television commentary that came with this victory, I noticed a theme when Saskatchewan’s history is discussed. It is said Saskatchewan was built on the backs of the settlers and pioneers, who had determination, vision, and cooperation. It is said the Riders fans have deep roots in this province, and they bleed green as they don their fanciful green gear to faithfully watch their team win or lose.