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…

B.C. government should get out of the insurance business

ICBC represents an asset to the provincial government, which faces deficit problems

B.C. government should get out of the insurance businessThe Insurance Corp. of British Columbia (ICBC) has recently suffered significant losses. These losses have been offset by transfers from its optimal business. But without transfers, the basic business capital would have fallen below the regulatory minimum. Even worse, optimal business has also suffered a loss. ICBC is a Crown corporation managed by the province…

Trans-Pacific trade deal carries huge potential for Canada

The agreement gives Canada a bargaining chip in dealing with large players outside the pact, such as China and the U.S.

Trans-Pacific trade deal carries huge potential for CanadaThe reworked Comprehensive and Progressive Trans-Pacific Partnership trade agreement between Canada and 10 other nations kicks in on Dec. 20. The federal government heartily endorses the deal it rescued after the U.S. administration abandoned it. But it concedes the deal itself may only increase Canadian gross domestic product by an estimated $4.2 billion, or about…