Showing posts from December 30, 2016

Nearly 1,000 City staff at four big US banks given €1m in pay deals in 2015

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[Disclosures by Goldman Sachs, JP Morgan, Morgan Stanley and Bank of America Merrill Lynch show 971 staff received €1m. See also: 'Negligible' link between executive pay and firm's performance, says study. *RON*]
Jill Treanor, The Guardian, 29 December 2016

Four major US banks handed almost 1,000 of their top City staff at least €1m (£850,000) in pay deals last year.

Goldman Sachs, the highest profile Wall Street bank, disclosed that 11 of its key staff received at least €5m in 2015.

B.C. Education Minister Mike Bernier left some important things out of his year-end wrap up

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[ELECTION 2017. For instance, the BCTF's landmark supreme court win was the biggest education news in BC — but Bernier didn't mention that. Or the fact that he fired two democratically elected school boards, or the list of school closures, or the list of repairs not done, or his gift of public funds to private schools. *RON*]

Patti Bacchus, Vancouver Observer, 28 December 2016

B.C. Education Minister Mike Bernier is touting 2016 as “a banner” year for British Columbia’s students and education system in an opinion-editorial out this week.

While Bernier highlights capital investments, B.C. students’ impressive showing in the recent PISA results and the new provincial curriculum, he leaves out the year’s biggest education news.

More than one-third of schoolchildren are homeless in shadow of Silicon Valley

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[The gap widens. Tech economy is drawing new inhabitants and businesses but is contributing to dislocation, leaving families, teachers and even principals with housing woes. See also: Income inequality is off the charts: Can local policies make a difference? and Inequality Is Only Getting Worse.*RON*]

Alastair Gee, The Guardian, 29 December 2016

Every night for the past year or so, Adriana and Omar Chavez have slept in an RV parked in East Palo Alto, a downtrodden community in Silicon Valley.

On a recent morning before sunrise, they emerged on to the empty street. Omar showed his phone to his wife: 7.07am. “Shall I wake up the girls?” he said, his breath visible in the freezing air.

2016: Canada's Oil Sands Downturn Hints at Ominous Future

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[I don't know that I would call this "ominous" - excellent, more like! Low oil prices that caused project cancellations, as well as new climate policies, have activists seeing the beginning of the end in Canada's oil patch. See also: Consider how to manage end of fossil fuel era. *RON*]

Nicholas Kusnetz, Inside Climate News, 29 December 2016

It was a dark year for Canada's tar sands.

Plunging oil prices caused companies to cancel or delay nearly three dozen projects. Extensive wildfires forced producers to shut down operations for weeks. And after a decade that saw little action on climate change policy, Canadian officials began shaping plans to cap the tar sands' emissions and set a national price on carbon with an eye to meeting the country's commitment to the Paris climate agreement.

Muslims and Indigenous People Face the Most Discrimination in Canada, According to Canadians

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[Appalling levels of perceived discrimination across the board. Little difference between Canada and US. *RON*]

By Bruce Anderson & David Coletto, Abacus Data, 29 December 2016

In our final survey of the year, we asked Canadians to tell us how much discrimination they see in our society, towards a variety of groups. To add context, we mimicked some questions that the Pew Research Center asked in the US recently. Here’s what we found:
The large majority (79%) of Canadians say that there is “some” or “a lot” of discrimination towards Muslims in Canada, and two thirds (67%) say the same thing about discrimination towards Indigenous people.Almost one in two say there is a lot of discrimination against people of the Muslim faith, far more than towards any of the other groups we tested.Roughly equal sized majorities see (some or a lot of) discrimination towards black people and gays & lesbians.1 in 2 (51%) say there is (some or a lot of) discrim…

Big Growth in Tiny Businesses

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[The crapification of labour. U.S. companies that employ nobody soar. *RON*]

Jeffrey Sparshott, Wall Street Journal, 28 December 2016

A tiny segment of U.S. manufacturing appears to be thriving—the one with no employees.

A mix of technology, economic necessity and adventure is leading more Americans to found companies that plan to stay very small. That entrepreneurial spark also highlights challenges facing the economy, from difficulty re-entering the job market to the diminishing role of fast-growing young firms.

Nicholas Hollows wants to be his own boss, and not anyone else’s.