Tag: Opinion

John Robson: Poilievre Should Call for Provinces to Be Allowed More Leeway on Private Health Care

March 20, 2023
Canadainterprovincial tradeOpinionPierre Poilievresocialized medicineUniversal health care CanadaViewpointsWorld
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Commentary To kick off the silly season, which in Canadian politics now seems to run year-round, Pierre Poilievre wants to make it easier for doctors and nurses to get their training recognized across the country. Which is sensible. But also deeply foolish. His proposal is sensible in taking square aim at two huge problems in…

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Barbara Kay: Feminism Is a Spent Force

March 20, 2023
critical race theoryfeminismmarriageOpinionradical feminismTraditional familyViewpoints
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Commentary Last week, a woman I don’t know but who follows me on Twitter, tweeted her despair over the “tsunami wave of obscurantism wash[ing] over women’s rights in Canada.” A responder commiserated that it was indeed a “sad time to be a woman” and “especially sad that so many women do not see the threat…

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China Brokering Saudi-Iran Deal Sees Biden Losing the Middle East

March 20, 2023
beijing's influenceCCPGulf regionMiddle Eastern countriesOpinionSaudi Arabia-IranShanghai Cooperation Organization (SCO)Thinking About ChinaUS-Saudi Arabia relationship
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Commentary The Chinese Communist Party’s Middle East peace deal has implications for U.S. regional influence. On March 10th, Saudi Arabia and Iran announced that they would resume diplomatic relations in a deal brokered by China. Relations between the two countries have been broken since 2016 over a dispute regarding Riyadh’s execution of a Shi’ite Muslim…

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Silicon Valley Bank Broke 2 Simple Investment Rules

March 20, 2023
bankruptcyCaliforniaOpinionOrange County CommunityRegional & State NewsSilicon Valley BankSouthern CaliforniaState NewsUSViewpoints
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Commentary The Silicon Valley Bank (SVB) collapse occurred because two simple investment rules were violated. The first is the simple overarching strategy of safety, liquidity, and then yield, with the acronym of SLY. The internal investment team reversed the order. They focused on yield, which requires going out longer on the yield curve and purchasing…

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The Marvel of the Invisible Hand

March 20, 2023
Adam Smithfree enterpriseOpinionViewpoints
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Commentary Adam Smith’s “invisible hand” is certainly the most wondrous, astounding, and marvelous concept in all of economics, and there are quite a few doozies in the dismal science. I go further than that. The invisible hand ranks as high or higher, in terms of pure beauty, than even the smile of a baby, the…

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US Security Alliances in Asia Get Stronger

March 20, 2023
AUKUS pactindonesia-china stand-offOpinionPrime Minister Fumio KishidaSouth Korean-Japanese tiesSoutheast AsiaTHAAD air-defense systemsThinking About ChinaUS-IndonesiaYoon Suk-yeol
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Commentary It seems that China has been able to accomplish something that 70 years of U.S. diplomacy could never achieve: push Japan and South Korea closer toward something like a strategic partnership. Earlier this month, South Korean President Yoon Suk-yeol flew to Tokyo to meet with his Japanese counterpart, Prime Minster Fumio Kishida—the first official…

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The Fed Is Running Two Policies at Once

March 20, 2023
banking crisisBusiness & MarketsBusiness ColumnistsCredit Suissefinancial crisisFirst Republicinflationinterest ratesOpinionquantitative easingU.S. economyUBSViewpointszero interest rates
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Commentary Last week was a grim reminder that the economic chaos of the lockdown period is far from over. Markets discovered that several major banks, which hardly anyone truly suspected were in trouble, faced closure and quick rescue for fear of contagion. The trouble was the same in each case: too many assets held in…

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The US Banking System Was Destroyed by QE … and Negative Rates Killed It

March 20, 2023
banking crisisOpinionViewpoints
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Commentary Every time there’s a banking crisis, some scratch their heads and wonder, how could this happen? Surely it must be greed, bad risk management, or a lack of regulation? More intervention should solve it. However, all those excuses miss the most critical point: The U.S. banking system was destroyed by design, and the big…

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The Costs and Consequences of the SVB Bailout

March 20, 2023
Business & MarketsBusiness ColumnistsdepositorseconomyMarketsOpinionregulatorsSVBU.S. TreasuryUSUS NewsViewpoints
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Commentary Banking regulators, along with the board of directors and management of Silicon Valley Bank (SVB), each failed to see or prevent the problems that destroyed in less than a week one of the largest banks in the country. The regulators, whose mandate is explicitly designed to prevent such a disaster, allowed SVB to grow…

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Too Wrong to Fail

March 20, 2023
Business & MarketsBusiness ColumnistsCompaniescryptocurrencyeconomyFTCInvestmentMarketsOpinionSignature BankSilicon Valley BankUSViewpoints
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Commentary As the old saw goes, a banker is someone who lends you his umbrella when the sun is shining and then wants it back as soon as the first drops of rain fall. Hostility toward money lenders goes way back. In the Middle Ages in Europe, to deposit your money with one was unlawful,…

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