With a new Parliament session opening on Nov. 22 and soon pausing for the holidays, the Liberal government has set its target on passing four pieces of legislation before the break. Government House Leader Mark Holland laid out the agenda during a press conference, saying his party will focus on providing pandemic financial aid, banning…
Liberals Set Short-Term Agenda as COVID-19 Weighs on New Parliament
Japan Unleashes Record Stimulus Package, Bucking Global Tapering Trend
TOKYO—Japan unveiled a record $490 billion spending package on Friday to cushion the economic blow from the COVID-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measures and adding strains to its already tattered finances. Spending has ballooned due to an array of payouts including those criticized for being unrelated to the pandemic, such…
Shutting Down Economies Amid COVID-19 Will Have ‘Unprecedented’ Negative Effects: Donald Boudreaux
November 16, 2021
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Shutting down huge chunks of the economy and increasing government spending amid the COVID-19 pandemic will have “significant” and maybe even “unprecedented” negative effects on the economy, according to economist Donald J. Boudreaux. Speaking to The Epoch Times at the inaugural conference of the Brownstone Institute in Hartford, Connecticut, on Nov. 13, Boudreaux explained that economists cannot clearly quantify…
Hiring Difficulties May Be on Horizon as US Labor Force Participation Rate Remains Unchanged
November 8, 2021
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Hiring difficulties may be on the horizon for U.S. firms amid a weak labor supply, according to the Bureau of Labor Statistics’s latest jobs report. The bureau’s October jobs report, released Nov. 5 showed employers added over half a million jobs in October, beating market expectations and painting a more positive picture of labor market recovery compared to…
Alcohol and Cannabis Sales Surged During Pandemic, Study Finds
Alcohol sales in Canada during the pandemic increased by roughly 5.5 percent, meaning that people spent $1.86 billion more on alcohol than in the pre-pandemic period, a new study says. Cannabis sales also increased by roughly 25 percent, translating to an additional $811 million. Published Thursday in the medical journal JAMA Network Open, the study examined alcohol and cannabis sales…
West Hollywood City Council Votes to Hike Minimum Wage to $17.64 an Hour Starting Next Year
November 5, 2021
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The West Hollywood City Council on Wednesday unanimously voted to approve a draft order to increase the city’s minimum wage to $17.64 an hour, beginning next year. The rate will first take effect Jan. 1 for hospitality workers and will “create a phased approach for minimum wage increases for large businesses and small businesses with adjustments every six months to…
Wage Growth for Job Switchers Increases 6.6 Percent in a Year, Outpacing Jobholders: Report
Third-quarter wage growth in the United States increased 3.3 percent, in line with growth in the months before the COVID-19 pandemic, while wage growth for job switchers increased 6.6 percent since September 2020 as employers sought to attract new workers with competitive compensation, according to the ADP Research Institute Workforce Vitality Report (WVR) released Oct. 27. Employment…
Wages for Job Switchers Increase 6.6 Percent, Outpacing US Pay Growth: Report
Third-quarter wages in the United States increased 3.3 percent, in line with growth in the months before the COVID-19 pandemic, while job switchers’ pay is up 6.6 percent since September 2020, as employers sought to attract new workers with competitive compensation, according to the ADP Research Institute Workforce Vitality Report (WVR) released Oct. 27. Employment growth also…
Post Pandemic Health Systems Could Be Challenged by COVID 19 Spending Spike: CIHI
A spike in health-care spending during the COVID-19 pandemic could lead to some serious financial challenges for provinces as they work to rebuild their health systems in the aftermath, according to the Canadian Institute for Health Information. The spending surge is expected to reach a record $308 billion in 2021, say newly released projections from…
North Korea Touts ‘Exceptional’ Health Benefits of Consuming Black Swans Amid Crippling Food Shortage
North Korea has started touting the “exceptional” health benefits of consuming black swans after breeding them, while also farming rabbits as the country battles a crippling food shortage, according to state media. “Black swan meat is delicious and has medicinal value,” the ruling party newspaper Rodong Sinmun said in an article published Monday. According to the newspaper, Ri…
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