Commentary China, Russia, and other countries want to drop the U.S. dollar, but there is no alternative. In recent weeks, Chinese state media, cryptocurrency media, and other non-mainstream media have been running stories about how the world is abandoning the U.S. dollar as its reserve and trading currency. Other reports claim that the yuan is…
The US Dollar Is Not Going Anywhere
April 10, 2023
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Business & MarketsBusiness Columnistsgold reservesOpinionreserve and trading currencythe U.S. dollarthe YuanThinking About China
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Cory Morgan: Feds Must Fix Canada’s Leaky and Dangerous Bail System
Commentary Spiking violent crimes committed by offenders recently released on bail have finally convinced Canada’s Liberal government to re-examine bail policies. Will the government pursue true bail reforms or will they continue down the woke rabbit hole of justice policies that contributed to the crisis in the first place? Decades of well-meaning but naive policies…
Michael Taube: Safe and Secure Canadian Cities… No More?
Commentary The vast majority of Canada’s neighbourhoods and communities have historically been regarded as safe and secure. Recent violent events in several cities have caused some Canadians to wonder if that vivid lustre has finally worn off. Gabriel Magalhaes was fatally stabbed at the Keele Street subway station in Toronto on March 25. The 16-year-old…
Is the Party Over for Tech Stocks?
Commentary At the annual Boys’ Club of New York luncheon on April 4, a 16-year-old guest asked hedge fund manager Chase Coleman what stock he should buy. It was an innocuous and softball question. Buy the FAANGs, Coleman said, referring to the acronym of several mega-cap technology stocks including Apple, Alphabet, and Meta Platforms. Wait,…
What Legacy Will Pope Francis Leave Behind?
Commentary With the recent hospitalisation of Pope Francis, speculation has once again turned to how much longer his papacy will last, given he is 86 years of age and in declining health. In fact, 10 years ago last month, Jorge Bergoglio was elected pope. But there is no cause for celebration. The Demos document (Greek…
Businesses Holding Onto False Hope Regarding China
April 10, 2023
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AustraliaAustralia-China tradeBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsCPTPPeconomic policiesInnes WilloxInternationalInternational RelationsJennifer WestacottOpinionThinking About ChinaViewpointsWorldXi Jinping
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Commentary How naïve. It was reported last week that the Business Council of Australia (BCA) and the Australian Industry Group (Ai Group) were open to China joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTTP is a trade agreement established in 2018 between 11 Pacific nations including Australia. China is the next application…
Los Angeles Replaces One State of Emergency With Another
Commentary On March 31, a full three years after first implemented, Los Angeles’ COVID-19 state of emergency finally expired. Officials had used their emergency powers to regulate virtually every aspect of life in L.A. They closed beaches, parks, and hiking trails. They closed businesses they deemed not to be essential. Churches were closed, but not…
A Ride on Roaring Camp’s Redwood Train in Felton, California
April 9, 2023
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CaliforniaLifestyleNorthern CaliforniaOpinionRedwoodRegional & State NewsState NewstrainsTravel & DiscoveryUSViewpoints
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As the train ascended the tight curves of Bear Mountain in Santa Cruz, California, it began to sing. Harmonic tones rang out among redwood trees as the projecting edge (flange) of the train’s wheels pressed up against the inside of the rails. “This railroad has tighter curves than almost any other railroad in the country,”…
Will It Be Smooth Sailing for Albanese? Maybe Not
Commentary Labor supporters are in a frisson of excitement because they hold all of the mainland states along with the Commonwealth. They think that will make it easier for Prime Minister Anthony Albanese. History suggests otherwise. If politics were a team sport, then that would be like one sporting club winning almost all the premiership…
The Point of No Return
Commentary The Roman historian Suetonius described Julius Caesar as timid and noncommittal as he initially approached the Rubicon River—a shallow and narrow waterway that, at the time, demarcated the boundary between Cisalpine Gaul and Italy proper—in January 49 B.C.E. In fact, the historian ultimately attributed Caesar’s decision to cross the waterway, precipitating a four-year civil…
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