By David Olive Business Columnist Fri., Jan. 18, 2019 History records very few instances of people getting out of a jam by throwing a temper tantrum. Yet that has been Alberta’s response in coping with the latest downturn in its fortunes. And that has to stop. Albertans need to get serious about the province’s real prospects for sustainable prosperity, not the intermittent affluence it has long known. Albertans should know better. In the past four decades, Alberta has endured three periods of unnaturally high and prolonged unemployment related to its oil industry, the most recent being the mildest. Article Continued Below In the lost decade of the 1980s, Alberta’s monthly unemployment rate averaged 9.1 per cent for eight years. In the 1990s recession, Alberta unemployment averaged 8.8 per cent per month for five years. During the current misery, dating from the mid-2014 world oil-price collapse, the province has suffered four years of … [Read more...] about Alberta has no one to blame but itself for its current woes
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DES MOINES, Iowa: Warren Bachman, a 72-year-old Iowa soybean farmer, is one of many who turned Clarke County into Donald Trump country, as the Republican president took 61 percent of the votes in 2016 in a county that went for Democrat Barack Obama four years earlier.But Bachman’s loyalty to Trump is wavering under the weight of a trade war that has disproportionately hurt farmers due to big tariffs on agricultural exports. Other farmers, meanwhile, are upset that the White House has not yet followed through on a promise to reform rules that would boost demand for corn-based ethanol, one of the state's biggest businesses.“I still support him, but not as much,” Bachman said between bites of pork chops and baked beans at the Iowa State Fair in Des Moines last week. “I am afraid we are close to seeing a repeat of the 1980s, where farmers across Iowa lost their land because they ran out of money and couldn’t get loans.”November's congressional elections … [Read more...] about Pressure mounts on Trump to deliver for Iowa ahead of elections
SINGAPORE: “I don’t make any apologies for that. I would do it again.” That's what lawyer and newly appointed Senior Minister of State for Law and Health Edwin Tong says when asked about defending the founder of City Harvest Church (CHC) Kong Hee in a legal case that captured the public’s attention.The marathon case, one of the longest-running tials in Singapore’s legal history, involved the misuse of S$50 million in church funds and lasted from May 2010 till early this year.Mr Tong, 48 and MP for the Marine Parade Group Representation Constituency (GRC), was appointed Senior Minister of State for Law and Health in the Cabinet reshuffle earlier this year. About a week before taking on the role, he sat down with me to look back on his legal and political career. While he made headlines for his new political appointment, he was mentioned in the media more often while he was handling the CHC case. As with many … [Read more...] about Politics, the City Harvest Church saga and regaining the public’s trust: Senior Minister of State Edwin Tong goes On the Record
By Robert Cribb Investigative Reporter Carolyn Jarvis Global News Andrew Bailey Toronto Star Data Analyst Wed., May 2, 2018 The Imperial Oil refinery in Sarnia, Ont., and the Marathon Petroleum refinery in Detroit, Mich., have much in common: geography, climate and production levels. What separates them is a 90-minute drive, a national border and starkly different emission levels for some key pollutants. Sarnia’s Imperial Oil refinery emitted 10 times more fine particulate matter, seven times more carbon monoxide and 49 times more sulphur dioxide than the Detroit plant. Those findings, based on 2014 data from the Canadian and U.S. governments, analyzed and published for the first time in a Toronto Star/Global News/National Observer investigation, are part of a national trend showing Canadian refineries pump out far higher levels of some key pollutants compared to their U.S. counterparts. The average Canadian refinery produced less oil while … [Read more...] about Pollution from Canadian refineries an ‘embarrassment’ compared with U.S.
Check if you understand the issues and vocabulary in this week's most important business news stories. Vocational students learning practical job skills at a vocational school. Questions on articles included below with articles. Answers to quiz are here. To study vocabulary see original articles: October 21, 2013 October 22, 2013 October 24, 2013 October 25, 2013 What's new in business news: October 22, 2013 TECHNOLOGY Notebook sales continue to fall This year is poised to become the worst in history for Thailand's notebook market, with a 20% contraction with sales of 1.6 million units, down from the 2 million targeted. High household debt and a sluggish economy have been blamed for the sharp drop in sales. Tablets and smartphones have thrived at the expense of notebooks. At least 300 IT retail outlets have closed down this year and others are relocating their stores to cheaper locations. 1. Recently, sales of notebooks.... a. Increased. b. Decreased. c. … [Read more...] about Weekly business news quiz: October 21-25, 2013