Showing posts from September 14, 2014

Trans Mountain Pipeline: Kinder Morgan Terminal Locked Down By Activists

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[The disputes and protests continue. *RON*]
CBC, Huffington post, 13 September 2014

A handful of activists locked themselves to the main gate of Kinder Morgan's Westridge Terminal Saturday morning vowing to remain for 13 hours or one hour for every tree the company cut doing survey work for its proposed pipeline expansion.

Burnaby RCMP arrested one man to get his identification, but quickly released him and made no move to stop the protesters.

Marcus Denomme said the small group was there to interfere with Kinder Morgan's business.

"After we've honoured the 13 trees that have been cut we'll leave peacefully and there's no need for arrests or other altercations," he said.

Denome says the group's aim is to raise awareness.

Kinder Morgan has also been locked in a dispute with the City of Burnaby ever since its survey work led to the removal of the trees in early September. The city issued two stop work orders and fined t…

Growing income inequality weighs down economic recovery

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[Hello, Joe Oliver? Is anyone listening? The ILO, OECD and World Bank's joint report to G20 Labour Ministers stresses that "income inequality cannot be ignored by the G20 if stronger, sustainable and balanced growth is the objective." A link to the report is given below. *RON*]
Anonymous, National Union of Public and General Employees Blog, 11 September 2014

Melbourne, Australia (11 September 2014) — A significant and persistent shortfall in the number and quality of the jobs being created in G20 countries is affecting prospects for reigniting economic growth, according to a report entitled G20 Labour Markets: Outlook, Key Challenges and Policy Responses. The report was prepared by the International Labour Organisation (ILO), the Organization for Economic Co-operation and Development (OECD) and the World Bank Group for the G20 Labour and Employment Ministers meeting taking place in Melbourne, Australia, this week.

Report finds that wa…

As damaging austerity policies were rolled out I started to think that perhaps we'd be better going it alone

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[And spreading still more. *RON*]

By Susan Quinn of Women for Independence, Herald Scotland, 14 September 2014

Those of my friends and family who read this might be surprised to hear I've not always been the '"card carrying" Yes voter that I am today.

For indeed I have, like so many others, gone through the ''my heart says one thing and my head says another'' undecided stage. It has been a journey. Not an X Factor sort of journey - so you don't have to put on a Snow Patrol tune - but nevertheless I have come along my own road to Yes.

I'm not now or ever have been an SNP voter - well, apart from that very first vote in the southwest of Scotland shortly after my higher modern studies, as I'd just learned about tactical voting and we had a Tory MP in those parts.

My natural affinity is with the Labour Party, having grown up with a father who supported the underdog in all things, no matter which country they …


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[Spreading and spreading. Will it eventually be Germany against everyone else? Amid Merkel's call on EU countries to stick to budget austerity, there are rumblings among the Turks that solid fiscal consolidation of the EU leads to more fragile economies, creating political instability. *RON*]
Begüm Tunakan, Daily Sabah, 13 September 2014

ISTANBUL — Austerity measures being pursued by eurozone members has led to political battles over whether the belt-tightening policies have gone too far at the expense of economic growth. The clashes over economic policies have created political turmoil in other states just as they have in France, Austria and Italy as defenders of economic reforms in these European countries call for a shift in eurozone budget discipline.
France is suffering from a stagnant economy and faces growing criticism from dissident ministers over Socialist President Francois Hollande's economic policies. The result was inevitable …

Seven years of Irish austerity nears end amid signs of recovery

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[The rumblings continue to spread across Europe, though it's a bit of a sign of things when people are happy about 11% unemployment rates. *RON*]

By Vincent Boland & Elaine Moore, Financial Post, 12 September 2014

Property woes have weighed on the Irish population

As Michael Noonan, Ireland’s finance minister, toured Europe this week to secure backing for the government’s plan to repay about €15bn of debt owed to the International Monetary Fund, ministers at home queued to deliver the message every Irish person wanted to hear – that seven years of austerity are coming to an end.

Nine months after Ireland emerged from a €67bn international bailout that marked the lowest point in its economic fortunes since independence almost a century ago, indicators suggest a corner has been turned. The economy has begun to grow, tax revenue is ahead of projections, unemployment is falling and the cost of borrowing has tumbled.

Joan Burton, deputy prime min…

Sweden's Turn Left Could Deal A Blow To European Austerity

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[ *RON*]
Igor Bobic, Huffington Post, 13 September 2014

Austerity isn't just out of fashion in the U.S. anymore. If Sweden elects a center-left government, as it is projected to do on Sunday, the country could deliver a rare rebuke to fiscal belt tightening even as leaders across Europe continue to set strict monetary policy.

Since it took power in 2006, Swedish Prime Minister Fredrik Reinfeldt's center-right coalition has instituted dramatic income and corporate tax cuts, trimmed welfare benefits, rolled back labor laws and privatized state-owned companies, particularly in the areas of education and health care. The result -- GDP growth of 12.6 percent, a rise in disposable income and a sizable budget surplus -- stands in stark contrast to the rest of Europe, which continues to face economic turmoil brought on by the 2008 recession.

Yet Swedes seem ready for a change. Polls conducted Friday indicate that the Scandinavian country's oppos…