By Julie Gordon
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau’s government on Monday lined up billions in new spending to provide emergency support during a virulent third wave of COVID-19 and to help launch an economic recovery ahead of an election expected later this year.
The budget, the Liberal government’s first in two years because of the pandemic, is aimed squarely at boosting near-term growth and includes a long-promised national daycare plan.
It also follows through on stimulus promised late last year, outlining a C$101.4 billion ($81 billion) “growth plan” over three years, with nearly half of that spending coming in the first year.
“We have to finish the fight against COVID – and that costs a lot of money,” Finance Minister Chrystia Freeland told reporters, adding that hundreds of thousands of Canadians remain out of work because of the pandemic.
Liberal insiders expect Trudeau to seek an election later this year to try to secure a majority in parliament. The Liberals currently need the support of at least one other party to pass legislation, including the budget.
Opposition lawmakers were unimpressed with the budget. But the leader of the left-leaning New Democratic Party said he was not prepared to bring down the government over it.
“It is clearly irresponsible to have an election or in any way to trigger an election while we are in the midst of this third wave,” Jagmeet Singh told reporters. “The impact on people would be devastating and we are not going to do that.”
Erin O’Toole, who heads the official opposition Conservatives, said: “This is an election budget and a poor one at that.” His party trailed the Liberals by 37% to 29% in an Abacus Data poll published last week.
Business groups were pleased with the added certainty of finally having a full budget, but remained unsold on the need for a massive stimulus plan with the economy already set to surge later this year as pent-up demand is unleashed.
“There’s a lot of spending in a lot of programs. But the effects of all of those combined together for me is just a bit unsure,” said Robert Asselin, senior vice president of policy at the Business Council of Canada.
The deficit for the fiscal year that started on April 1 will be the second largest in recent decades, with the closely watched debt-to-GDP ratio hitting 51.2%, although Freeland promised a return to restraint as the economy gets back to normal.
“I think the key here is the debt-to-GDP (ratio) is expected to peak this year … and it’s expected to come down in the years ahead,” said Doug Porter, chief economist at BMO Capital Markets. “I think that’s a credible plan if they can stick to it.”
THIRD COVID WAVE
Trudeau’s Liberal government has been buoyed in opinion polls by its response to the COVID-19 pandemic. But a third wave of infections is pounding the country’s largest city, Toronto, and its suburbs – a key Ontario region for securing an electoral majority – and the coronavirus vaccine rollout has trailed other wealthy countries like the United States and Britain.
Of the nearly C$50 billion in new spending this year, C$27 billion is set aside to extend pandemic recovery measures like wage and rent subsidies for businesses and for a new program to help transition companies back to hiring.
The budget also aims to create a national childcare program and to make a more aggressive effort to reduce carbon emissions, both measures that polls show are important to Liberal voters.
While Freeland said historically low interest rates allowed significant investment, she also pledged to unwind deficits and reduce the debt-to-GDP ratio over the medium term. A senior government official said, however, that a fiscal anchor should not be seen as a “straitjacket.”
The official also said that the government had run stress tests on the accumulating debt and was confident of its abilities to service that debt even as interest rates rise in the future.
“It’s hard for us to draw a conclusion that we’re out over our skis. We don’t believe we are. We think we’re in very solid terrain,” the official told reporters.
Surging growth should also increase revenues, with 5.8% growth forecast for this year, after a 5.4% contraction in 2020.
The deficit in the current year is projected to hit C$154.7 billion, less than half that of the previous fiscal year, with total national debt soaring to C$1.23 trillion this year, up from C$1.08 trillion in the previous year.
The Canadian dollar steadied at about 1.2530 to the greenback, or 79.81 U.S. cents, after the budget was released. Canada‘s 30-year yield extended its rise, up 7.5 basis points at 2.060%.
($1 = 1.2526 Canadian dollars)
(Reporting by Julie Gordon; Additional reporting by David Ljunggren, Steve Scherer, Fergal Smith and Moira Warburton; Editing by Peter Cooney)
Ocean politics, DNA history and the climate experiment: Books in brief – Nature.com
To Rule the Waves
Bruce D. Jones Scribner (2021)
The oceans are the key zone for potential military confrontation; some 85% of global commerce relies on them; around 90% of global data flows along undersea cables; oceans are central in the global fight over climate change. Those four simple facts are analysed in this penetrating historical and political study. Author Bruce Jones, director of the project on international order at Washington DC think tank the Brookings Institution, fears future oceanic conflict, especially now that COVID-19 has amplified existing international tensions.
The Secret of Life
Howard Markel Norton (2021)
The 1953 discovery of DNA’s double-helix structure might be one of science’s most fascinating and oft-told stories. Yet much about it is still contentious — even who termed it “the secret of life”. Historian of medicine Howard Markel’s fine book focuses on the role of Rosalind Franklin, whose X-ray crystallography image of DNA — crucial to Francis Crick and James Watson’s breakthrough — was used without her permission. A hesitant Watson tells Markel that he was “honest but … you wouldn’t say I was exactly honorable”.
A Biography of the Pixel
Alvy Ray Smith MIT Press (2021)
Pixel is short for ‘picture element’: a misleading etymology, writes computer scientist Alvy Smith, who co-founded Pixar Animation Studios in 1979. Pixels are invisible, like computer bits, and not to be confused with “the little glowing areas on a screen, called display elements”. Hence this book’s technical core: how the former is converted to the latter, and the thinkers who paved the way. These range from Alan Turing to the undersung graphics mathematicians involved in the films Monsters, Inc., Toy Story, Finding Nemo and more.
Our Biggest Experiment
Alice Bell Bloomsbury Sigma (2021)
Climate campaigner and science writer Alice Bell’s nuanced and accessible history of the climate crisis describes the legacy of scientists including Eunice Foote, the first to warn that increasing atmospheric levels of carbon dioxide would affect global temperatures, at an 1856 meeting of the American Association for the Advancement of Science. By ignoring Foote’s insight for so long, “we’ve inherited an almighty mess”, concludes Bell. But “a lot of tools” can alleviate the effects of global warming, if used wisely.
Being a Human
Charles Foster Profile (2021)
Vet and barrister Charles Foster won an Ig Nobel Prize for living in the wild as various animals, as described in Being a Beast (2016). In his latest book — controversial, yet oddly compelling — he lives as if in the upper Palaeolithic, Neolithic and Enlightenment periods, and compares human consciousness in each. Ancient hunter-gatherers, he argues, were superior to modern urban-dwellers for their “cosmopolitanism” and “motion”. He savages written language, invented post-Neolithic, for its “wholly spurious authority” over experience.
An anti-green backlash could reshape British politics – The Economist
WHATEVER A British voter’s natural political hue—Tory blue, Labour red or Liberal Democrat orange—these days it ends up green-tinged. The Tory government talks effusively about “building back greener”. Labour wants a “green industrial revolution”. Liberal Democrats have used their position as the third party to argue for everybody to go further and faster. And then there are all the people who want to raze the carbon economy to the ground the day after tomorrow: not just the Green Party but also extremist groupuscules such as Extinction Rebellion and Insulate Britain.
Which leaves a gap in the market for something different: anti-green politics. Brexit transformed Britain by tapping into ordinary people’s resentment of distant elites, and anti-greenery could do the same. Environmentalism is driven by populists’ two big bogeymen, scientific experts and multilateral institutions. Green campaigners vie to befuddle the public with acronyms and jargon. Multilateral institutions override democratic legislatures in order to co-ordinate global action. In the public mind, greenery is coming to mean global confabs that produce yet more directives, and protesters who block city centres and motorways.
Greenery suffers from the classic problems of technocratic policymaking, namely offering distant rewards in return for immediate sacrifices and imposing uneven costs. Over-50s, the most reliable voters, won’t be around to see the world boil. Poorer people are likely to suffer more than richer ones from the green transition, not just because they have less disposable income but also because they are more likely to work in the dirty economy. The impression of injustice is reinforced by the fact that many of the most vocal green activists have a material interest in the green economy as bureaucrats, lobbyists and entrepreneurs.
A fuel-price rise in 2018 inspired France’s gilets jaunes; Germany’s Alternative für Deutschland and Finland’s Finns Party have lambasted green hysteria. In Britain, by contrast, anti-greenery is still nascent. Some on the Tory right have complained that their party is in the grip of the green lobby. A few MPs in the “red wall”—once-safe Labour seats in northern England that turned Tory over Brexit—have warned that green levies on driving could see those voters switch back again. The closure of some London streets to through-traffic has sparked protests.
But such rows are about to get a lot louder. Turbulence on the global energy market is drawing unflattering attention to British energy suppliers, which are struggling with the transition from coal- and gas-fired plants to renewables. The more the business secretary, Kwasi Kwarteng, says about there being “absolutely no question of the lights going out”, the more consumers will worry. And other environmental policies on the horizon will also hit them hard. From 2030 the sale of new petrol and diesel cars will be banned. The electric cars that will replace them are rapidly improving, but not yet as cheap or as convenient. For city-dwellers it is hard enough to find parking without having to look for a charging-point too, and long journeys require planning.
Since the discovery of gas in the North Sea in 1965, most British homes have used the fuel to heat their homes. But the government plans to take gas-fired boilers off the market in the coming years, to be replaced by hydrogen boilers or heat pumps. The date for the switchover is slipping, since neither technology is ready for mass roll-out. Air-source heat pumps are larger than gas boilers, produce lower temperatures and cost much more. People’s enthusiasm for greenery may reach its limits if familiar, well-functioning products are replaced by more expensive, inferior ones.
In the past decade climate-change denialism has given way to something cannier and harder to pin down. Nigel Farage, the former leader of the UK Independence Party and a major force behind Brexit, claims that he is as green as the next man—indeed that he voted for the Green Party back in the 1980s—but that he’s in favour of “sensible environmentalism” rather than the establishment kind that taxes “poor people to give money to rich people and big corporations while China’s going to ignore it all”.
Anti-greens are also seeking to reshape politics indirectly: not just by creating new parties, but by changing the hue of the established ones from inside. For neither of Britain’s biggest parties is as deep-dyed green as they appear to onlookers. The Conservative Party certainly has big names who preach environmentalism, like Zac Goldsmith, an aristocratic Brexiteer. But it has always also been the party of homeowners who care about their energy bills, motorists who want to get the last mile from every gallon and older people who don’t want to change their ways. More recently, they have been joined by red wall voters with little spare cash. Labour, for its part, is an uneasy coalition of graduates, who cheer every green initiative, and lower-paid workers, who are nostalgic for the days of well-paid jobs in heavy industry and primarily concerned with making ends meet.
Hot air emissions
How to avert an anti-green backlash? Politicians need to avoid unforced errors, such as making everyone rip out perfectly good boilers before replacements are ready. They need to shield vulnerable groups from the costs of the energy transition, remembering how the mood turned against globalisation when politicians failed to honour promises to compensate the losers. They need to see the world through the eyes of people who accept that climate change is a problem but must ceaselessly struggle to get by in the here and now. The prime minister, Boris Johnson, won easy applause at a UN round table on climate action this week by expressing frustration that the “something” the world is doing to limit global warming is “not enough”. The audience he really needs to convince is the one that laughed along to his provocations before he re-entered Parliament in 2015, such as mocking wind power as too weak to pull the skin off a rice pudding.
Emily Tracy: Redistricting has not separated itself from partisan politics – Canon City Daily Record
Special to the Daily Record
I have homes in two communities – Cañon City and Breckenridge – and vote in Fremont County. I have lived in rural Colorado since 1977. Since 2002, I have run for office in a total of 13 rural counties. I am an uncontested candidate for the City Council of Cañon City in the November election.
I have followed the work of the Congressional Redistricting Commission for months, submitting comments and testifying before the Commission several times. I am a supporter of the southern Congressional District concept. I submitted a map in July to the Commission outlining a possible southern district. I now support the amended Headwaters map submitted by Commissioner Tafoya at the September 20 Congressional Redistricting Commission meeting.
A southern Congressional district meets southern and central Colorado community of interest needs. It reflects the cultural history, the watersheds, public lands, commercial and outdoor recreation connections, and transportation corridors of the area.
I am impressed with the September 20 Tafoya map. It appears that great care was taken to not only reflect communities of interest but to also address the other Constitutional priorities including adhering to provisions of the 1965 Voting Rights Act, achieving district compactness plus equal population in each district. In addition, the Tafoya map appears to increase the number of competitive districts as required by Section 44.3 of Article V of the Colorado Constitution.
The three substantially rural districts the Tafoya map proposes truly reflect different concentrations of rural interests. There is no single “rural Colorado,” but instead there are multiple rural interests which concentrate geographically in this proposed map: (1) The energy, public lands, and agricultural interests of northwest Colorado; (2) The agricultural, tourism, cultural, and public lands interests of southern Colorado; and (3) the agricultural and non-public lands (mostly) interests of northeast Colorado.
I know that the Congressional Commission has struggled with the process, and unfortunately seems now to be suffering from not clearly determining early on how to measure Constitutional and Commission priorities. As stated in a recent Colorado Sun article, “Legislative attorney Jeremiah Barry noted several times at a [recent] meeting . . . that the commission hasn’t given nonpartisan staff direction on complying with constitutional-redistricting provisions, including where to set the bar for political competitiveness. ‘We still have no direction,’ he said.”
The clock is now running out, so the Commission probably does need to play out its process without going back to correct early errors and omissions. Of course, maps themselves convey implicit priorities so the discussion now centers around multiple divergent maps. The Second Staff Plan map conveys certain priorities, and the Tafoya September 20 map conveys others.
My concern is that the Commission’s majority support (confirmed by a 11-1 Commission vote on Sept. 20) for a western slope/eastern plains configuration suggests to me that partisan voices are being heard in rural Colorado more than community of interest voices. There are rural organizations weighing in heavily on this process who purport to be the voice(s) of rural Colorado. They do not fully represent rural Colorado. Instead, they represent rural Republicans.
If you have followed redistricting at all you know that our new process in Colorado has in no way separated itself from partisan politics. Instead, those politics have played out on the Congressional Commission in disguise, with Commissioners attacking each other instead of focusing on achieving the best possible map for the state. I hope that we ultimately have a good map that serves the state well for the next 10 years, but it is not common for a botched process to have a good outcome.
Credit 'Zombies' on the Rise as Real Estate Firms Lead Charge – BNN
As COVID-19 vaccines for kids get closer, experts weigh up how to reassure parents – CBC.ca
For Oilers, Archibald’s selfish anti-vaccine stance is not worth the risk – Sportsnet.ca
Silver investment demand jumped 12% in 2019
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
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