This week, social media went berserk when it was reported that Target CEO Gregg Steinhafel would be receiving a “walk-away” package worth $61 million. What ostensibly bothered everyone was the fact that this package is worth pretty much the same as the total severance and benefits the more than 17,000 Target Canada employees will be […]
Archives for January 2015
Report: 10 simple ways to save money when eating at a restaurant
Now that falling oil prices have given consumers some extra dough in their pockets perhaps now would be the time to treat the family to an evening at the restaurant. However, with higher labor costs and food prices, it may not be such an affordable dining experience. If you want to eat at the neighborhood […]
Bank of Canada makes disastrous Keynesian move in interest rate cut
And it came outta nowhere. The Bank of Canada (BoC) announced Wednesday that it would slash interest rates by 0.25 percent to a near record low of 0.7 percent amid declining oil prices and threats to unemployment and household debt levels. BoC Governor Stephen Poloz referred to this move as an “insurance” policy against a […]
Let’s Be Honest: Both the rich and the poor have it easy in the West
Last week, a Pew Research Center study found that the affluent believe the poor have it easy, while the impecunious believe the rich also have it easy. The results of the organization’s report led to an influx of op-eds and articles explaining how rich the top 10 percent are in the United States and how poor the most impoverished are. What all […]
Ross Perot Jr. warns U.S. shale industry is ‘unsustainable’
With oil prices still tumbling, we’re seeing more and more United States producers losing money, slashing their workforce numbers and filing for bankruptcy. As we have previously noted, the shale revolution is an expensive one, and at these prices it has become too costly for companies to continue pumping oil, a move that could cause […]