Black Friday and Cyber Monday are a cultural phenom. One that American and (in the past few years) hard-boiled Canadian consumers look forward to each year. They brave the crowds, set out a savings mission plan and shop like a thrifty gladiator entering the battle arena of value.
WHEN IT COMES TO BLACK FRIDAY/CYBER MONDAY…
While images of people camped out in Walmart parking lots regularly dominates the Black Friday news cycle (as well as trampling and fights), we wanted to find out how people really intend to spend these consumer holidays-and more importantly, how much they intend to spend. We also looked at Holiday Gift searches from the last few years on our sister site-interestingly, there’s apparently a big market for discontinued perfumes.
SOME INTERESTING FACTS FROM THE STUDY
* Men are much more open to violence on Black Friday/ Cyber Monday: One out of 10 guys (11%) would pull something out of the hands of another shopper.
* 86% of Generation Y intends to use Black Friday and Cyber Monday discounts on items for themselves.
* Men are the most generous: 26% of guys plan to spend at least $1,000 on holiday gifts.
* Very few people are procrastinating: While 4% claim they’re already finished with their holiday shopping, 41% intends to complete it on Black Friday/Cyber Monday.
* 43% will wait up to an hour on Black Friday; 24 people said they’d willingly camp out for MULTIPLE NIGHTS.
* Bosses and co-workers are at the bottom of everyone’s shopping list: Children, understandably rule (followed by spouses/significant others).
The following info-graphic is based on responses from 6,354 online shoppers who were surveyed last year immediately after checking out. Odds are things haven’t changed much this year. Here’s more from our friends at Tada, they are awesomely obsessed with reporting on all the things that online shoppers value. For the Silo, shopzilla.com/Jarrod Barker.
With the Canadian government’s high debt-to-GDP ratios, such as a ratio of debt to nominal GDP sitting at 68 percent in March 2023, economists warn that government debt could become unsustainably high if Ottawa fails to reduce spending, increase productivity, and re-establish business confidence.
“We’re not growing our income per capita, which means that we’re not going to get the tax revenues that we need, plus we’re getting a lot of people retiring. So the situation could end up becoming quite unmanageable if we keep our pace that we’re going,” said Jack Mintz, president’s fellow at the University of Calgary’s School of Public Policy.
The federal government has run back-to-back budget deficits since the 2008 financial recession, with government spending spiking during the COVID-19 pandemic. As a result, Canada’s debt as a percentage of nominal GDP rose from around 51 percent in 2009 to 74 percent by 2021, for example. Nominal refers to the current value for the particular year without taking inflation into account.
The two previous federal budgets have attempted to lower government spending, but the federal government will still post a $40 billion deficit in 2023–24, which they project will shrink to a $20 billion deficit by 2028–29.
The Liberal government’s response to criticism by the opposition that Canada’s debt could lead the country into a financial crisis has been that Canada has among the best debt-to-GDP ratios in the G7.
According to Mr. Mintz, while Canada’s debt situation is not as bad as it once was, it doesn’t mean that it may not impact Canada’s prosperity prospects.
Mr. Mintz points out that Canada’s debt situation is not nearly as bad as in 1996. The government’s ratio of debt to nominal GDP ratio reached 83 percent that year.
Mr. Mintz also noted that Canada continues to have a triple-A credit rating according to the world’s leading credit agencies, meaning the country’s debt is not yet seen as problematic.
“We’re still viewed as having a much better credit line compared to a number of other countries. … But at some point, the credit agencies might look at that gross debt number and start asking the question, ‘Is it starting to become unsustainable?’” he said.
Lower Productivity Hampering Debt Payments
The federal government’s ability to pay off its debt could be hampered by low productivity, according to Steve Ambler, professor emeritus of economics at Université du Québec à Montréal.
“The thing that worries me in terms of federal government debt is we are currently in a period of extremely low productivity growth and low overall growth,” he said.
In March, the Bank of Canada’s senior deputy governor Carolyn Rogers warned that Canada’s poor productivity had reached emergency levels.
Although Statistics Canada said the country’s labour productivity showed a small gain at the end of 2023, that came after six consecutive quarters of productivity decline.
The right honourable Jean Chrétien.
Mr. Ambler said an appropriate way to lower the debt-to-GDP ratio is to keep government spending from increasing while also raising productivity to increase tax revenues. He said this was the strategy of Prime Minister Jean Chrétien, whose Liberal government established a budget surplus in three years by growing the economy and keeping government spending stagnant.
To lower Canada’s debt-to-GDP ratio, Mr. Ambler said the government should focus on increasing worker productivity, allowing its resource sector to grow, and easing back on discretionary spending.
He also cited a November 2023 C.D. Howe paper showing that business investment per worker in Canada has shrunk relative to the United States since 2015. Investments such as better tools for workers would increase productivity, while productivity growth would in turn create opportunities and competitive threats that spur businesses to invest, the paper said.
“Re-establishing business confidence would be almost the number one priority, especially in the resource sector,” Mr. Ambler said, adding that a future government might also be wise to lower the feds’ “wildly extravagant subsidy programs” for the electric vehicle (EV) sector.
The Liberal government has given tens of billions of dollars in subsidies for EV manufacturing projects in Canada since 2020, saying the factories will eventually create thousands of new jobs.
‘No Cushion’ to Mitigate Debt Issue
Joseph Barbuto, director of research at the Economic Longwave Research Group, has a more pessimistic view of Canada’s debt. He says that while federal debt is at levels similar to the 1990s, the crisis will be “larger” because the government does not have the “fiscal room to mitigate the downturn.”
Mr. Barbuto said that while the Canadian government was able to help alleviate its debt issues in the 1930s and 1990s by lowering its interest rates, it does not have that same luxury in 2024. The Bank of Canada lowered its key policy rate from 1.25 percent to 0.25 percent in 2020, and was forced to raise it to 5 percent by 2023 in response to rising inflation.
“There’s no interest rate cushion on the other side. Interest rates can only fall back to zero,” Mr. Barbuto said, noting that higher interest rates make it more difficult for governments to service their debt.
“The problem with the monetary system is there’s no fiscal discipline that is pushed on governments, unlike [individuals] or corporations,” he said.
“There will be a point where because of the accumulated interest with rising interest rates, eventually it’s going to overwhelm the government and then people will not lend the government any kind of capital.”
Mr. Barbuto also expressed concern over Canada’s private debt-to-GDP ratio. Private debt refers to debt owed by private, non-financial entities such as businesses and households, as opposed to public debt owed by governments and banks. Canada’s ratio of private debt to nominal GDP sat at 217 percent in December 2023 compared to 124 percent in 1995.
Mr. Barbuto said Canada’s private debt-to-GDP ratio is higher than that of Japan’s in the 1990s, and pointed out that the Japanese economy had stagnated after the country’s asset price bubble burst in 1992.
The research director believes the Canadian economy will eventually see a debt crisis and collapse in real estate that will result in austerity measures, a shrinkage in the size of government, and the “creative destruction” of the old political and economic system. He said this would be the continuation of an economic cycle that has repeatedly happened throughout history.
“[It’s] inevitable and necessary. A debt detox or deleveraging is the same thing as a drug detox. Nobody likes it, … but it’s a necessary part of the cycle for it then to go back up,” he said.
The level of consumer choice in 2023 is perhaps the highest it has ever been. This is a good thing.
Not only does it allow consumers to find a brand or company that aligns with their views and can deliver a product or service that solves a problem, but it shows positive signs for growing businesses in the economy. But as good as consumer choice can be, it can also be intimidating, especially when we want quick answers and don’t want to have to wade through reams of information. Growing with the range of consumer choice are websites that help simplify these choices for the average consumer – review sites. So, what review sites can be found in Canada?
When choosing an individual for important work – such as lawyers – it is crucial to make the right decision. At sites such as Lawyers, Best Lawyers, and Lawyer Ratingz, the lawyers are filtered by the specific type of work they do (e.g. Mergers and Acquisitions or Derivatives Law) or from where they are located from Calgary to Nova Scotia and beyond.
Choosing a lawyer is possibly one of the most important decisions – and the wrong choice could lead to trouble – so these sites are particularly useful. Specific lawyer reviews are subject to confidentiality and the outcome of a case might not be down to the lawyer’s skills (or lack thereof), so many factors should be taken into account when it comes to looking at lawyer reviews.
Review Sites for Contractors
Similarly, choosing a contractor for building work can be a dicey business. Cowboy builders are infamous, so it’s important to find one that will conduct the work adequately, safely, in time, and within budget. Sites like HomeStars and Trusted Pros work through amalgamations of reviews by people who have had work done by particular contractors. Review sites for contractors focus on experiences of those who have hired them, and importantly, highlighting work that hasn’t been adequate. But as reviews are often subjective, it’s important to take each one with a pinch of salt.
Review Sites with Added Value
Review sites aren’t just about hiring an individual for a role. There are review sites that compare tech such as new phone releases, and review sites that compare streaming platforms. With the market for reviews also growing, it’s important for review sites to stand out from the crowd.
For example, Casino Hacks offers honest casino reviews that focus on the games available and special features of particular sites. The added bonus here is that the site uses live streams and video to review games and online casino experiences. This allows people to see what they might want to engage in. When looking for a review site, one that has visual representations could more easily show consumers information.
Review sites allow consumers to make choices across a wide variety of industries. Some reviews are tailored to value for money, such as telecoms and utilities reviews, while others such as insurance reviews or bank account reviews focus on added-value benefits. With so much consumer choice, review sites are useful to help create a shortlist for possible options and to remove some of the stress and hassle that comes with these choices.
QUEEN’S PARK – Haldimand-Norfolk MPP Bobbi Ann Brady has introduced legislation that, if passed, will protect Ontario’s farmland.
“Land use planning affects our daily lives and Ontario’s farmland and arable land is an essential resource for the sustainability and security of our food systems, environment and local economies,” Brady said. “Farmland and arable land is productive, valuable and essential but most importantly it is finite and non-renewable, which is vital to consider in the face of increasing pressure to develop housing in the province.”
With Ontario having 52 per cent of the country’s prime arable land, and much of that being adjacent to cities, Brady said protecting these lands should be paramount. Further, according to census data, Ontario is losing 319 acres of farmland each day. Brady feels this is unsustainable. Constituents in Haldimand-Norfolk have also raised this same concern with the MPP since well before her election.
“As the government continues with its target to create 1.5 million new homes in Ontario, it is vital to put in place policies that will protect our farmers and their land, as well as the province’s food security, both now and in the future,” she said.
The bill requires the Minister of Agriculture, Food and Rural Affairs to develop a strategic action plan that aims to protect Ontario’s farmland and arable land from development, aggregate mining and the effects of fluctuating commodity prices and the availability of vacant land. It also stipulates a stakeholder-led Farmland and Arable Land Advisory Committee be set up to advise the Minister of Agriculture, Food and Rural Affairs. For the Silo, Jeff Helsdon.
The bill will be back before the Legislature for second reading debate on March 8.
For more information, contact MPP Bobbi Ann Brady directly at 519-428-0446 or 905-765-8413 or babrady-co@ola.org Please mention The Silo when contacting.
The research by GoShorty looked at worldwide car production figures from previous years, the number of people employed in the automotive industry, and other factors to reveal which countries produce the most and least commercial vehicles in the world.
Countries with the biggest decreases in car production:
Rank
Country
Cars Produced
Commercial Vehicles Produced
Total Produced 2021
% change variation2020/2021
1
Slovenia
95,797
–
95,797
-32%
2
Canada
288,235
826,767
1,115,002
-19%
3
Uzbekistan
236,667
4,982
241,649
-15%
4
Germany
3,096,165
212,527
3,308,692
-12%
5
Serbia
21,109
154
21,263
-9%
6
Spain
1,662,174
435,959
2,098,133
-8%
7
United Kingdom
859,575
72,913
932,488
-6%
8
Romania
420,755
–
420,755
-4%
9
Czech Republic
1,105,223
6,209
1,111,432
-4%
10
Hungary
394,302
–
394,302
-3%
Slovenia’s motor vehicle production was reported at 95,797 units in Dec 2021. This records a decrease from the previous number of 141,714 units for Dec 2020. Global car manufacturers like Renault have made plans to cut production in the country. Renault has cut production in its Revoz Slovenia unit and reduced its staff by 350 people.
Canada had the second biggest decrease in car production in 2021 compared to the previous year, a decrease in production of -19%. The low production numbers, down from 1.4 million in 2020 and close to two million in 2019, came as the global auto sector was hit by a shortage of semiconductor chips caused by pandemic-related production issues and a surge in demand for electronics.
Uzbekistan had the third biggest decrease in car production in 2021 compared to the previous year, a decrease in production of -15%. In 2021, Uzbekistan produced 236,667 passenger cars. That means that compared to 2020, production decreased by 15%. Despite the reduction in production, Uzbekistan increased the export of cars by more than a third.
The countries with the highest increases in car production:
Rank
Country
Cars Produced
Commercial Vehicles Produced
Total Produced 2021
% change variation2020/2021
1
Argentina
184,106
250,647
434,753
69%
2
Indonesia
889,756
232,211
1,121,967
63%
3
India
3,631,095
768,017
4,399,112
30%
4
Kazakhstan
80,679
11,738
92,417
24%
5
Morocco
338,339
64,668
403,007
23%
6
Thailand
594,690
1,091,015
1,685,705
18%
7
South Africa
239,267
259,820
499,087
12%
7
Brazil
1,707,851
540,402
2,248,253
12%
9
Portugal
229,221
60,733
289,954
10%
10
Austria
124,700
12,000
136,700
9%
Argentina saw the highest percentage increase in car manufacturing in 2021 compared to 2020, at a rate of 69%. Argentina’s motor vehicle production was reported at 434,753 units in Dec 2021. This records an increase from the previous number of 257,187 units for Dec 2020. This year, Argentina’s Senate has approved a bill to promote the automotive industry. The initiative was spearheaded and supported by IndustriALL affiliates in the country.
Indonesia had the second-highest increase in car production in 2021 compared to 2020, at an increase of 63%. As well as being the fourth most populous country in the world,
India was the country that witnessed the third-highest increase in car production in 2021 compared to the previous year, at an increase of 30%. India’s automotive sector is benefiting from a host of improvements, which include global supply-chain rebalancing and government incentives to increase exports.
Methodology:
We started by taking the International Organization of Motor Vehicle Manufacturers’ 2021 PRODUCTION STATISTICS to get World Motor Vehicle Production figures, to find the total number of commercial vehicles and car production for each country. This data is accurate as of 01/11/2022.
Ukraine and Russia were omitted due to the ongoing conflict between the two countries.
We ranked our countries based on their total production of both commercial vehicles and cars in 2021. We were also able to rank these countries based on their % change in variation between the years of 2020/2021 to find which countries had an increase in the number of produced cars in recent years.
We used ACEA’s Share of direct automotive employment in the EU, by country, to find the total share of direct automotive employment in total manufacturing for each of the 27 member states of the European Union in 2020. We were able to rank each country by the share of automotive employment. This data is accurate as of 01/11/2022.
Further findings:
China is the world’s biggest manufacturer of cars – it produced the most cars and commercial vehicles in 2021, with a total of 26 million units manufactured.
Egypt had the second lowest number of vehicles manufactured in 2021, with a total of 23,754 commercial vehicles and cars produced annually.
Slovakia has the highest share of automotive employment in Europe – it accounts for 16.2% of employment in the country.
September 15, 2022 – Taxpayers and citizens need greater fiscal transparency from Canada’s federal, provincial and territorial governments, says the latest report from the C.D. Howe Institute.
In “The Right to Know: Grading the Fiscal Transparency of Canada’s Senior Governments, 2022,” William B.P. Robson and Nicholas Dahir graded these governments’ budgets, estimates and financial statements on how well they let legislators and voters understand their fiscal plans and hold them to account for fulfilling them. The grades range from A to D. While some of the governments present helpful and timely budgets and financial statements, others fall badly short.
The authors underline that budgets, estimates and financial statements must let interested but non-expert users find and understand and act on key information.
“Taxpayers’ and citizens’ ability to monitor, influence and react to how legislators and officials manage public funds is fundamental to representative government,” say Robson and Dahir. “We need to check that legislators and government officials are acting in the interest of the people they represent, and we need to respond if we conclude that they are acting negligently or in their own interest. Financial reports are key tools for monitoring governments’ performance of their fiduciary duties.”
image: Prime Minister of Canada Justin Trudeau website. Link to Transparency PDF: https://pm.gc.ca/en/news/backgrounders/2015/11/27/open-and-accountable-government
While much of the financial information presented to legislators and the public by Canada’s governments has improved over time, the assigned grades reveal significant shortfalls. This year’s report card covers year-end financial statements for fiscal year 2020/21 and budgets and estimates for 2021/22. The results were as follows:
Manitoba, British Colombia and the Northwest Territories trailed the the class with grades of D;
The federal government got a D+ – which was actually an improvement from an F last year, when it failed to produce a budget;
Newfoundland and Labrador also got a D+;
Nova Scotia scored a C and Prince Edward Island scored a C+;
Quebec scored a B- and Ontario scored a B;
Nunavut, Saskatchewan, and New Brunswick each scored B+;
Alberta and Yukon topped the class with grades of A and A- respectively.
These governments tax, spend and borrow hundreds of billions of dollars, and the fiscal impact of the COVID-19 pandemic will make their financial position all the more important in the future. The authors conclude: “This annual report card hopes to encourage further progress and limit backsliding. Canadians can get more transparent financial reporting and better fiscal accountability from their governments, if they demand it.” For the Silo, Lauren Malyk.
For more than 60 years, the C.D. Howe Institute has researched and published on policy challenges and potential solutions aimed at improving the performance of Canada’s economy and raising Canadians’ living standards.
A deep-sea scientific mission to uncharted depths in the Maldives and Seychelles will gather valuable data to support the Commonwealth Blue Charter on ocean action and train local scientists.
The newest Commonwealth member country, Maldives, has joined Seychelles to launch a major joint scientific expedition to investigate unexplored depths of the Indian Ocean.
The ground-breaking multidisciplinary research mission, known as ‘First Descent: Midnight Zone’, was officially launched at the Commonwealth headquarters at Marlborough House.
Led by the UK research institute Nekton, the goal is to boost the sustainable governance of Seychelles and Maldivian waters, including the protection of 629,000 km2 of ocean.
It supports the Commonwealth Blue Charter – a shared commitment by member countries to protect the ocean from the effects of climate change, pollution and overfishing.
Minister for Fisheries, Marine Resources and Agriculture of the Maldives, Zaha Waheed, said: “It is vital to comprehensively understand what lies beneath our waters in order for us to be informed enough to take necessary actions towards a healthy and prosperous ocean.
“This mission will, for the first time, show a glimpse of what the deep sea features and the biodiversity it holds. It will also contribute to the wider goal of marine spatial planning and ocean governance.”
A 50-person crew will set sail on 16 March, using the world’s most advanced deep diving submersible, equipped with a suite of research tools including sensor and mapping technology.
The data they collect will help countries define conservation and management priorities and map out marine protected areas. It will also help measure the impact of climate change and human activity in the area.
Commonwealth Secretary-General Patricia Scotland said: “We cannot protect what we don’t know and we cannot govern what we don’t understand. With 95 per cent of the ocean still unexplored by humans, we are only just beginning to grasp its profound influence on life, including its effect on global climate and ecosystems.
“It is pleasing to see the commitments of our Commonwealth Blue Charter leading to such far-reaching and innovative science-backed ocean action in, with and for our member countries.”
The expedition will focus on undersea mountains or ‘seamounts’ in the Midnight Zone – depths from 1,000 to 4,000 metres, where biodiversity peaks. This zone holds critical indicators to measure the impact of the climate crisis, fisheries management, heat absorption, acidification, ocean carbon cycle, and plastic, agricultural and industrial pollution.
DSSV Pressure Drop at sea. Photo: Nexton
The damage or overexploitation of seamounts can have widespread consequences on ocean health, food security, and other benefits the ocean provides, such as the discovery of new medicines.
Principal Secretary at the Ministry of Environment, Energy and Climate Change of Seychelles, Alain Decormamond said: “Seamounts form some of the most fascinating and richest locations in our waters and beyond in the wider Indian Ocean. We are therefore looking forward to exploring even deeper depths of our ocean to have a better understanding of natural characteristics and richness of these locations.”
The mission’s principal scientist Lucy Woodall from the University of Oxford added: “We find the greatest biomass in the upper few hundred metres of the ocean, but the peak of biodiversity is in the greater depths, in the Midnight Zone, from 1,000 to 4,000 metres. That said, less than 300 of 170,000 known major seamounts found in this zone have been researched to date, and they remain one of the least researched parts of the ocean.”
Nekton is also working with Commonwealth countries to develop the tools, skills, knowledge and networks to sustainably manage the ocean. Seychellois and Maldivian scientists will join the expedition to conduct pioneering research into their national waters. This is supported by training programmes, research grants and fellowships with the University of Oxford.
Seychelles champions the Commonwealth Blue Charter action group on marine protected areas. To date, 13 countries have stepped forward to lead on 10 topics they identified as priorities.
The Commonwealth covers a third of the world’s coastal oceans, 45% of coral reefs and the majority of the world’s big ocean states and territories. Forty-seven out of our 54 countries have a coastline, and three of the remaining landlocked states border great lakes. The Commonwealth Blue Charter is a landmark agreement that engages all 54 Commonwealth countries to commit to actively co-operating to solve ocean-related problems and meet commitments for sustainable ocean development. Visit our website to learn how to join action groups.
Seychelles
The Seychelles Blue Economy Strategic Roadmap and Plan has been developed and implemented by the Government of Seychelles in partnership with the Commonwealth Secretariat. A key component of this, the Seychelles’ Marine Spatial Plan, is being undertaken in partnership with The Nature Conservancy. By March 2020 this will result in the sustainable management of all the Exclusive Economic Zone including 30% within the newly formed Marine Protected Areas (445,000 km2 of 1,336,559 km2). The implementing partner for the expedition is the Ministry for Environment, Energy and Climate Change. Seychelles champions the Commonwealth Blue Charter Action Group on Marine Protected Areas.
Maldives
Maldives Blue Prosperity Programme is being undertaken by the Government of the Maldives in partnership with the Blue Prosperity Coalition and the Waitt Institute. The Programme begins in 2020 with a goal of the sustainable management of the Maldivian Exclusive Economic Zone including a spatial target of at least 20% within newly formed Marine Protected Areas (184,000km2 of 923,000km2). The implementation partner for the expedition is the Ministries of Fisheries, Marine Resources and Agriculture. First Descent: Midnight Zone is the third of four expeditions being undertaken in Maldives in support of Maldives Blue Prosperity. #KanduFalhuDhiraasaa and #NooRaajje
First Descent: Midnight Zone
First Descent is a series of missions undertaken by Nekton in partnership with Governments in the Indian Ocean region. Beginning in Seychelles in 2019, the Mission concludes with a State of the Indian Ocean Summit in October 2022 to deliver scientific consensus on the state of the Indian Ocean and to galvanise 30% protection by 2030. Each mission combines national commitments to ocean protection, marine spatial planning, applied research to inform ocean policy, inspirational communications to strengthen the public support for political action and investments in capacity development to create a legacy of long-term sustainable ocean governance. #MidnightZone #FirstDescent
Seamounts
Seamounts are undersea mountains formed by volcanic activity. Scientists estimate there are at least 100,000 seamounts higher than 1,000 meters around the world. Recent estimates suggest that, taken together, seamounts encompass about 28.8 million square kilometres – a surface area larger than deserts, tundra, or any other single land-based global habitat on the planet. Seamounts attract an abundance of marine life, many of which are endemic to individual locations. Seamounts are productive fishing grounds for more than 80 commercial species worldwide.
Nekton
Nekton is an independent not-for-profit research institute working in collaboration with the University of Oxford and is a UK registered charity. Nekton’s purpose is to explore and protect the ocean. Nekton’s missions are supported by a unique alliance of 40 business, government, academia and civil society partners uniting behind a common purpose to explore and conserve the ocean. They include:
Mission Partners (2): Omega, Kensington Tours
Strategic Partners (8): The Commonwealth; Teledyne Marine, Sonardyne (Official Subsea
Technology Partners), Caladan Oceanic (Expedition Partner), Associated Press (Official News Agency Partner), Inmarsat (Official Satellite Communications Partner), Blue Prosperity Coalition, Waitt Institute (Maldives Blue Prosperity).
Collaborating Partners (17): CEFAS (Subsea Research Equipment); Deep Sea Power and Light, Paralenz, Bowtech (Subsea Camera & Light Partners); Triton (Submersible Partners); Priavo Security (Maritime Security); Technicolor, AXA-XL & Encounter EDU (Education); University of Oxford; Institute of Marine Engineering, Science & Technology – IMarEST; EYOS Expeditions (Logistics); Great Campaign (UK Government, Foreign & Commonwealth Office); Ocean Unite, Helly Hansen (Apparel), IUCN, Project Zero, Sky Plc.
The Blue Prosperity Coalition is a global coalition of NGO’s, academic institutions, and foundations working together to promote growth and prosperity while empowering sustainable management of marine resources and ecosystems. The coalition assists committed governments in developing and implementing sustainable marine spatial plans to protect the environment and improve the economy at the same time. Primary members in the Maldives partnership include Waitt Institute, National Geographic Pristine Seas, Scripps Institution of Oceanography, and Nekton. #BlueProsperity
Waitt Institute
Established by Gateway, Inc. co-founder Ted Waitt in 1993, the Waitt Institute, partners with committed governments to develop and implement comprehensive, science-based ocean management plans that benefit both the economy and the environment with the ultimate goal of sustainable, resilient, and thriving seas that benefit all.
Orbital climate satellites measure changes in energy that is entering and exiting the atmosphere as well as the effect that manmade greenhouse gases (GHG) or aerosols, are having on the atmosphere. image: green.blorge.com
A new, authoritative climate book puts all major aspects of the climate crisis into a broad national and international perspective, revealing that the gravity, imminence, and permanence of the crisis are widely misunderstood.
Climate Peril: The Intelligent Reader’s Guide to Understanding the Climate Crisis (Northbrae Books) by energy and climate expert Dr. John J. Berger has an introduction by Dr. Paul and Anne Ehrlich of Stanford University and a foreword by Dr. Ben Santer, an internationally respected climate scientist with Lawrence Livermore National Laboratory and the Intergovernmental Panel on Climate Change.
The book underscores the unprecedented urgency of the climate crisis, providing detailed revelations about the grave harm climate change is now doing to human health, national and international security, our economy, natural resources, including the oceans, and biodiversity. Climate Peril demonstrates, for example, that holding global heating to 2° C is no guarantee of climate safety, contrary to the assumptions of many policymakers, and that the world is very likely to exceed this limit anyway.
Readers have found that Climate Peril makes important findings of climate science easily accessible and helps them better understand the breadth of the climate threat to our economy and society. The book begins by explaining how the climate system naturally operates and then illustrates how human activity has disturbed it.
Climate Peril goes on to document the broad consequences of rapid climate change, drawing attention to its impacts on nature, the economy, human health, and national security. In the process, Climate Peril highlights our proximity to irreversible climate tipping points and to ecological catastrophe.
One of the many ways the Internet is driving the global economy is through digital payments, making it easy for consumers to buy just about anything from anywhere. VisaNet is the largest payment processing network in the world, connecting 2.4 billion credit cards at 36 million locations across 200 countries.
Those are just a few of the numbers that Visa hired our friends at Visually to shape into the infographic below. The result is a visualization that tells in their words- “the story of the innovation, security and accessibility of this payment processing network.”
Dear Silo, I kept my Silo printed back issues and I just re-read the January-February 2013 issue of The Silo. I noticed that a few of the articles involve the issue of consent (biogas facility, mega-quarry, dads attending births) and choice (media publications, GMO foods, liquor sales). Freedom of choice and voluntary consent are basic human liberties that we often take for granted.
In the old printed article, Peter Dash questions the viability of government institutions to meet general needs, and MPP Toby Barrett says it’s high time the Ontario government takes its nose out of business. As the one image on page 13 puts it: “Government didn’t build my business, I did”. Government does not produce. It is usually an expensive and inefficient provider of services. Liquor sales should definitely be opened up to private competition to enable consumer choice. All government services, including health care, education, infrastructure, pensions, security and defense, should compete in a free market. Why should any group of individuals (including “government”) have an imposed monopoly on the provision of any services?
Goods and services should compete in a free market based on price, quality and consumer demand. Any individual should be free to do anything at their own risk and expense that does not adversely affect anyone else, and to negotiate an agreeable price for the purchase of any goods or services that they actually want and use.
Money and power are central to almost every issue. We do not have political freedom or economic freedom because we don’t have – or don’t exercise – monetary freedom. The banks, in collusion with government, essentially control money and credit by controlling the creation, allocation and price of the medium of exchange, which essentially controls the production of goods and provision of services. Money created as interest-bearing debt is always in scarce supply. Inflation is a hidden tax. We are essentially helpless to prevent anything decided for us by the people in government and their friends in big business because we do not control money and credit.
A necessary step, therefore, is to take control of our own credit and allocate it wisely, rather than doing what the controllers of money demand of us. Products and services, including currencies and alternative exchange systems, should compete with each other in a free market. Thomas H. Greco’s recent book, The End of Money and the Future of Civilization, provides an excellent explanation of the nature and function of money and offers a practical alternative to the present system. The Money Fix, a documentary by Alan Rosenblith, also explains the creation of money and its role in the economy. You might find both of these sources informative and interesting.
Sincerely,
K (Name withheld due to request)
“Banks create money. That is what they are there for… The manufacturing process consists of making a pen-and-ink or typewriter entry on a card in a book. That is all. Each and every time a bank makes a loan, new bank credit is created – new deposits – brand new money. Broadly speaking, all new money comes out of a bank in the form of loans. As loans are debts, then under the present system all money is debt.”
Graham Towers, Governor of the Bank of Canada from 1935-1955
Quotes To Consider-
“Money is created when banks lend it into existence. When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn’t create the second $100,000 – the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000.”
Bernard Lietaer, economist and author
“By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. … The essential notion of a capitalist society is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.”
Milton Friedman
“What is the basic, the essential, the crucial principle that differentiates freedom from slavery? It is the principle of voluntary action versus physical coercion or compulsion.”
Ayn Rand
“For in reason, all government without the consent of the governed is slavery.”
Jonathan Swift
“Give to every other human being every right that you claim for yourself – that is my doctrine.”
Thomas Paine
Air India announced that it has made one simple change that will save the airline $1.5 USD million (Rs 10 crore) and spare hundreds of thousands of animals from short, brutal lives and untimely deaths – it stopped serving non-vegetarian meals.
Air travel is one of the most notorious carbon polluters, which harms wild animals by changing natural habitats and acidifying oceans. Offering a plant-based meal not only saves animals directly by not serving them, but saves more animals by reducing greenhouse gasses and carbon emissions from farming that harm wild animals and the planet. There is a large body of evidence linking meat-based diets with unsustainable levels of greenhouse gas emissions and carbon dioxide production. A study published in the American Journal of Clinical Nutrition shows that meat-based diets use more energy, land, and water than a plant-based diets.
As an environmentally conscious company with a strong track record of promoting environmental sustainability, Virgin Airlines is ideally placed to lead the industry in a transition to plant-based meals. The time has never been better to call on Virgin to go meat-free!
Please join us in asking Virgin Atlantic, Virgin America (Alaska Airlines) and Virgin Australia to take the next step in reducing their carbon footprints. Make plant-based meals the default option on all flights!
1. If you live in the U.S., please call 877 359 8474 (customer service representatives are available 24/7).
After the prompt, press “0” and respond to the auto-prompt by stating “something else” to be connected through to a customer service representative.
Once connected, you can say something like, “Hi, I’m calling to express my support for Virgin Airlines to make plant-based meals the default selection on all flights. This simple switch will cuts costs, dramatically reduce greenhouse gas and carbons emissions, easily address an array of dietary requirements, and reduce waste. Will you please pass my message on to management?”
2. After your call, please send our letter:
Dear Executive Team,
Increasing numbers of consumers are choosing plant-based diets to support the environment and decrease their carbon footprint. Yet, meat-based meals continue to be the default meal option for your airlines. It doesn’t have to be this way.
Just recently, Air India stopped serving non-vegetarian meals, showing this progressive move is one that can be implemented without hardship.
There is a large body of evidence linking meat-based diets with unsustainable levels of greenhouse gas emissions and carbon dioxide production. A study published in the American Journal of Clinical Nutrition shows that a meat-based diet uses more energy, land, and water than a plant-based diet and was less viable for the future. By simply switching from a meat-based meal to a plant-based meal as the default option, Virgin Airlines could go a long way toward decreasing the environmental impact of airline travel.
There are thousands of tasty and nutritious plant-based recipes available that exclude meat, dairy, and egg. These meals could easily address an array of dietary requirements and reduce the number of special meal options that Virgin Airlines currently offers. In addition, plant-based meals cost less and are healthier. In a 2012 study in the Journal of Hunger & Environmental Nutrition, investigators found that meat-based diets cost individual consumers $746USD more per year, and were less nutritious. There is no need to compromise your award-winning service – we are asking you to simply switch the default meal option so that passengers can still select a meat-based meal if they wish.
Offering a plant-based meal as the default option will save you money, increase profit margins, cut tons off your carbon footprint and cement Virgin’s reputation as the premier modern airline.
Not only will this simple switch cuts costs, it also reduces greenhouse gasses and carbon emissions. As an environmentally conscious organization with a strong track record of promoting environmental sustainability, Virgin Airlines is ideally placed to lead the industry in a transition to plant-based meals.
We applaud Virgin Airlines’ commitment to ecological air travel solutions, including the use of biofuel and carbon offsets. We ask that Virgin Airlines again show leadership in the field of environmental sustainability by making plant-based meals the default selection on all flights.
(New York, NY)- President-elect Donald J. Trump today announced that Trump for President CEO Stephen K. Bannon will serve as Chief Strategist and Senior Counselor to the President, and Republican National Committee Chairman Reince Priebus will serve as White House Chief of Staff. Bannon and Priebus will continue the effective leadership team they formed during the campaign, working as equal partners to transform the federal government, making it much more efficient, effective and productive. Bannon and Priebus will also work together with Vice President-elect Mike Pence to help lead the transition process in the run-up to Inauguration Day.
“I am thrilled to have my very successful team continue with me in leading our country,” said President-elect Trump. “Steve and Reince are highly qualified leaders who worked well together on our campaign and led us to a historic victory. Now I will have them both with me in the White House as we work to make America great again.”
Photo: Reuters News. Did you know? Reuters computer predicted large Republican win for presidency? Click image for more info.
“I want to thank President-elect Trump for the opportunity to work with Reince in driving the agenda of the Trump Administration,” noted Bannon. “We had a very successful partnership on the campaign, one that led to victory. We will have that same partnership in working to help President-elect Trump achieve his agenda.”
“It is truly an honor to join President-elect Trump in the White House as his Chief of Staff,” added Priebus. “I am very grateful to the President-elect for this opportunity to serve him and this nation as we work to create an economy that works for everyone, secure our borders, repeal and replace Obamacare and destroy radical Islamic terrorism. He will be a great President for all Americans.” For the Silo, Trump For America, Inc.
Dear Silo, There is a contraband tobacco economy that has sprouted over the past two decades that rivals the volumes that the “Big Tobacco” companies produce for the legitimate market. That black market economy has spawned much criminal activity, false reporting and tax dodging to the point now where the majority of tobacco farmers are complicit in the black market and the marketing board that was set up to regulate the legitimate licensing of tobacco growers has shown itself to be nothing more than a cartel to keep tobacco money in the hands of a self-selected few.
The Federal Government has taken a pass on trying to deal with contraband tobacco except for offering truly stupid tobacco product tax increases that do nothing but drive smokers to the black market. We will hold judgment on the announcement that $90 million will be spent on the contraband tobacco file through the RCMP. To date, the RCMP have not been able to make an impact on the growth of the cigarette black market in Canada. What is certain at this point, however, is that the extra $4 levy on a carton of smokes will drive many current smokers to buy cigarettes that are unburdened by provincial or federal taxes. That will also spur on the commitment of biker gangs and other mobsters to supply the product. Why buy a pack of cigarettes at a gas station for $14 or $15 when you can get 10 packs for the same price under the table?
The TTP Program – A Transition to Chaos
The Canadian Government has much to answer for in the creation of the tobacco diversion schemes in the first place and recent budgetary moves just reinforce the culpability. In 2008 the Federal Government decided that it should spearhead a plan that would enable farmers to leave the tobacco business and migrate their businesses to other, less controversial lines – the Tobacco Transition Program (TTP). As it turns out, it was this TTP idea itself that created a bunch of cheaters out of a bunch of honest farmers.
On August 1, 2008 a press release issued by Agriculture and Agri-Food Canada announced that, “The Government of Canada is providing more than $300 million to Ontario’s flue-cured tobacco producers, including $286 million for a Tobacco Transition Program to help them exit the tobacco industry, and $15 million for community development initiatives.” An average of $272,000 was paid to each participating farmer. By 2015, 133 recipients of over $30 million dollars in TTP money continued to be involved in tobacco growing.
The Ontario Government has been totally inept at dealing with the problem of contraband in the province. In 2012, the Ministry of Finance (MoF) took over responsibility for licensing tobacco growers so as to control the production, distribution, sale and purchase of raw leaf tobacco to help ensure the supply of tobacco stays in the legal market and serves the interests of all tobacco farmers equally. The idea at the time was to take the quota system and self-regulating elements out of the cartel environment and put tobacco sourcing regulation and control in the hands of the government to ensure fairness and transparency – and effective tax collection, one would assume.
We learned that just days after this transfer took effect the Ministry of Finance issued a news release announcing a temporary grace period that would permit growers the time to learn about their obligations and apply for the appropriate registration certificates for the upcoming growing season. That hiatus has now been extended until sometime in 2015 and some think it will be a couple of years after that before the MoF gets its act together.
While the MoF diddles, anarchy reigns. Farmers are under-reporting their yields and selling the overages to the black market for a 400% mark-up from their contracts with the legitimate manufacturers. They claim storm damage but actually siphon off vast amounts of tobacco to sell to the underworld. Sometimes they call the missing tonnage, “stolen”.
Last year, Frontline Security magazine published a series of articles on the contraband tobacco industry. Based on the reporting in that magazine about the involvement of Ontario farmers, FrontLine received a number of calls from farmers who were not involved in the skimming of tobacco yields to contraband but they expressed worry that if their neighbours were making big money selling tobacco at $8 to $10 per pound versus $2 to contracted legitimate manufacturers, why should they miss out?
With each passing season, the moral compass of the Canadian tobacco farmer gets tested and increasingly farmers are succumbing to the pressures of a big payout. The trend is very disturbing. In 2010, it was estimated by FrontLine that more than 60% of 241 farmers were diverting portions of their harvest to unlicensed buyers where the tobacco was heading for illicit markets. Today, it is estimated that 90% of farmers are now involved in siphoning leaf to the black market producers and most of those are producing thousands of pounds for crime based enterprises.
The impact of this moral degeneracy has ripples that go far beyond the rolling hills of tobacco country in Ontario. This past spring, we saw a massive bust in the Montreal area that netted 28 arrests and seizures of 40,000 kilograms of tobacco that were diverted from farms all over North America, including in the Tillsonburg area. A key outcome of that bust was the knowledge that the Italian Mafia have become involved which brings the entire contraband tobacco controversy into a new light and brings the Ontario Tobacco farmers to a new low in conspiring with organized crime.
As alluded to earlier, the farmers aren’t the only ones who have lost their moral compass. In an institutional way, so has the Ontario Ministry of Finance. When the Ministry took over from the chaos in regulation created by the Ontario Flue-Cured Tobacco Growers’ Marketing Board, expectations were that meaningful change was on its way. However, as the Ministry continues to kick it’s responsibility for actual enforcement down the road, it has created a loophole that will inspire many more farmers to engage in producing tobacco that will be diverted to the black market.
Edward R. Myers– freelance journalist and Editor of FrontLine Security magazine.
But why do we continue to feed government? Why would we participate in any political or economic system that is not serving our best interests?
Government is basically unproductive and can only give what it takes. Bigger government takes more and gives less.
The fruits of our labour are controlled, confiscated, and redistributed through taxation, inflation, interest, and government spending. There is also a systemic shortage of official currency, which leads to a shortage of paid employment, and the jobs that are available might be completely unproductive. We are forced to compete for currency that is systemically scarce, even though there are plenty of worthwhile activities that can be done and there are plenty of people who are willing and able to do productive work.
There seems to be an increasing level of dissatisfaction with government and the political process, but there certainly isn’t a consensus in defining the problem or offering a solution that will sufficiently address all of our concerns or satisfy everyone. This poses a challenge, but it also presents us with an opportunity to carefully examine the form and function of government, and explore a full range of possible alternatives.
If we have freedom of choice and a free market then we should be able to individually select the goods and services that we wish to purchase from a variety of producers and providers, who should be able to compete for customers based on the quality and price of their products and services. All products and services, including government programs and services, should be able to compete in a free market.
Trade and exchange should be voluntary and mutually beneficial. We should not be forced to pay for anything that we don’t want or don’t use, and we should not have to do business with anyone who consistently offers poor quality goods and services or who does not pay their legitimate debts.
If we have economic freedom then we should be able to negotiate agreeable prices, accept or refuse any form of payment, control the allocation of our credit, and use any method or medium of exchange. We should not be compelled to use a systemically scarce currency that is created as interest-bearing debt.
If the purpose of an economic system is to facilitate the production and exchange of goods and services then it should be possible to create numerous ways to serve this purpose, with various concurrent systems operating in any location. This would give us more control over our time, labour, skills, and resources.
If government is a provider of services then it should compete for customers based on the quality and price of any services that it is actually willing and able to provide, including education, health care, and defence. If government services were the best ones available then we would presumably choose to use them. Our wealth should not be confiscated and redistributed to pay for anything that we don’t want or don’t use.
We can already seek membership in various communities, organizations or other groups, based on our own political, religious, social, recreational, or business interests. If we have freedom of association and political freedom then we should even be able to choose a apolitical system and type of government, without having to move to a different place, and without imposing or choice on anyone else. This would give us the option to hire people to manage our affairs and make decisions on our behalf, but we would not be represented or lead without imposing our consent.
Any imposed political system or government is a method of control. Political freedom does not exist if an individual is forced to accept the decisions of any other individual or group, even if it calls itself a majority.
Imposed political systems and territorial governments with their restrictive geopolitical boundaries can be replaced with a variety of voluntary communities, mutual benefit associations, and autonomous protective groups, with overlapping membership in any location. Multiple communities can exist in any geographic region, without any imposed territorial monopolies for the provision of services.
Individual participation in any economic or political system should be entirely voluntary, based on choice and consent, rather than coercion and compulsion. No person is an island, but everyone should essentially be able to individually decide how he or she would like to organize and manage his or her economic and political activities.
Government is a human invention that has changed over time and will continue to change, but the direction of this change will be determined by the way we think and the choices we make.
Diverse methods and arrangements can co-exist simultaneously in any location to facilitate the production, provision, distribution, and exchange of goods and services, for the mutual benefit of all voluntary participants, at their own risk and expense. James Clayton
Note- boldfacing was not indicated in the original submitted letter to the Silo.
Startup Weekend is a global event where aspiring entrepreneurs pitch their idea, find some teammates and work on creating a company for only 54 hours. The teams’ aim is to create a minimum viable product (MVP) at the end of 54 hours and pitch it to a panel of judges mostly comprised of investors and business people themselves. The first Startup Weekend Peel was organized by the RIC Centre in Mississauga and held at Sheridan College’s Hazel McCallion Campus .
Team Carddrop lead by Matthew Gardner, Team Carddrop take a quick break to pose for a picture. The members of this winning team are: Graham Kennery,Brennan D’Aguilar,Mathieu Gosbee,Elaine Dalit,Sarah Khalid,Mickolas Boodram,Varundeep Singh
According to the organizers, almost 90 participants signed up for the event and roughly a third of the participants pitched their idea on the first night. Out of all the pitches, only 11 teams got voted to continue to the next level. The whole of Saturday was spent mostly working on the company and listening to the wonderful talks provided by the mentors.
Sunday, October 21st was “the Pitch Day”. The 11 final teams presented what they had worked on over the weekend, provided an insight where they were at, what their next steps would be and what their “ask” was. Only 10 minutes were allotted per team, which included the presentation, MVP demo and the Q & A portion with the judges. Out of the 11 teams, Carddrop bagged the Grand Prize.
Carddrop http://carddrop.me instantly adds full profile information to any phone’s contacts from any location without the use of an application or “app” With a simple scan or tap, multiple e-mails, phone numbers and even a profile photos are supported.
Carddrop took home the following prices:
$1000 Cash Prize by PointClickCare
$500 Training Certificate by VentureStart
$100 from 1st Customer by Silicon Halton
Free video coverage by SwitchVideo
3 hours of consulting by Candybox Marketing Inc.
— Elaine Dalit is a new contributor to the Silo and is a Realtor based in Mississauga, Ontario. She’s passionate about real estate, heritage, arts and tech startups. She blogs at www.whatsinthehood.com and www.homesbylainey.ca
