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  1. http://www.nytimes.com/2011/11/18/business/global/hip-cities-that-think-about-how-they-work.html?pagewanted=1&_r=2&smid=fb-share The story of young people, full of ambition, energy, skill and talent, moving to enticing cities that call to them like a siren’s song is as old as modern civilization. And in a world where national borders are easier to traverse, where more countries are joining the prosperous global middle class and where the cost of a one-way plane ticket is more affordable, young professionals probably have more cities to choose from than ever before. This survey is not based solely on quality of life, number of trees or the cost of a month’s rent. Instead, we examine some cities that aim to be both smart and well managed, yet have an undeniably hip vibe. Our pick of cities that are, in a phrase, both great and good: Auckland With its beaches, inlets and lush coastal climate, the Kiwi metropolis has always had great natural beauty going for it (and, now, for the first time in 24 years, it is the home to the World Cup Rugby Champions). But we digress. Currently counting 1.5 million residents , the government is projecting the city to hit the two million-mark in just 30 years. The city has recently voted to create a new central core that mixes sustainable housing and mixed-use development. The public transportation system, which includes subways, trams, busses and ferries, is constantly being expanded. Measures to increase the density of the urban landscape, meant to ultimately prevent encroachment on surrounding lands, as well as planting “green carpets” along urban roads demonstrate a keen eye toward creating a greener future. Plus, the city is expanding its free Wi-Fi coverage, according to a city official. Auckland is doing its best to “up their game with urban design,” said Angela Jones, a spokesperson for the city, turning a beautiful but provincial capital into a smart city. Berlin This culture capital combines low rents, a white-hot arts scene, good public transportation and myriad creative types — from media to design to technology — from all over the world. Known as Europe’s largest construction zone for at least 10 of the past 20 years, 4.4-million-strong Berlin has probably changed more in that time than any other large European city. And while the restaurants have become more expensive, the clothes are now more stylish and the D.J.’s have added more attitude, there is still plenty of real city left to be discovered by the thousands of artists and young professionals who move here every year to make this the pulsing center of Germany, the powerhouse of Europe. Besides radical renovations to the government center, main train station and the old Potsdamer Platz, the city recently turned a historic airport in its heart into a vast urban park. A short-term bike-rental system is in place and the old subway system, reunited after the fall of the wall, like the city itself, is as efficient as ever. Besides artists and bohemians looking for the vibe, the city — home to several prestigious universities, research institutes and many a company headquarter — is brimming with smart scientists and savvy businessmen. Barcelona Anyone who has walked down Las Ramblas on a summer evening or has stared at the Sagrada Familia for long enough understands why this city attracts planeloads of tourists. Music, good food, great weather and strong technology and service sectors compete to make this city of 1.6 million a home for all those who want to stay beyond summer break. If all the traditional charms of Barcelona were not enough, an active city government is trying to keep this city smart, too. Under its auspices, photovoltaic solar cells have been installed on many public and private rooftops. Charging stations for electrical cars and scooters have recently been set up around the city, in preparation for the day when residents will be tooling around in their electric vehicles. A biomass processing plant is being built that will use the detritus from city parks to generate heat and electricity, and free Wi-Fi is available at hotspots around the city. Cape Town Wedged between sea and mountain, Cape Town’s natural setting is stunning. Nor does the city — with its colorful neighborhoods, historic sites, and easy charm — disappoint. And while its one of Africa’s top tourist destinations, it also attracts many new residents from around the globe. The local government is trying to lead the growing city of 3.5 million with a more inclusive government and development structure, to overcome the gross inequities of South Africa’s past. Four major universities and many research institutes make Cape Town one of the continent’s bustling research centers. Named the 2014 World Design Capital last month, the city government is encouraging a cluster of design and creative firms in a neighborhood called the Fringe. The 2010 World Cup of soccer was a boon for infrastructure, especially public transportation. A new bus system, with dedicated lanes, has been rolled out in recent years to keep the many suburbs connected and alleviate crushing traffic. Under a program called Smart Cape, libraries and civic centers have computer terminals with free Internet access. Poverty and crime are still issues in Cape Town, but overall quality of life indicators rank the city as one of the best in Africa. Copenhagen Progressive, cozy and very beautiful, the young and the elegant flock to this northern light. Rents might not be as low as in other hip cities, but the social infrastructure in this metropolitan area of 1.9 million cannot be beat. Offering a prosperous blend of art, culture and scene, this highly tolerant city is attracting young professionals lucky enough to work in the center of Danish industry and commerce. A mix of stately old European buildings and modern, green-oriented architecture speaks of a city that treasures the old but loves experimenting with the new. Despite its cool Scandinavian climate, the Danish capital might just be the most bicycle-friendly city in the world. Bike superhighways crisscross the city, and statistics show that more than a third of the city’s inhabitants commute to work or school on their trusty two-wheelers. A metro system was inaugurated in the last decade for those who choose to go without. With sunlight-flooded underground stations and clean, driverless subway cars, the system looks more like a people-mover at an international airport than an urban transport system. Having committed itself to reducing carbon levels by 20 percent before 2015, some of the city’s power is generated by wind. The city has been so successful in cleaning up its once-industrial harbor that it has been able to open three public baths in a harbor waterway. Curitiba, Brazil One of the smartest cities in Latin America, Brazil’s wealthy regional capital attracts many new inhabitants with jobs in service and production sectors, and with the promise a functioning city. The 1.7 million residents have access to a bus-based rapid transport system so good that more than 700,000 commuters use it daily. Buses run on designated lanes that, because of a unique and modern urban design, have right-of-way and preferred access to the city center. A beautiful botanical garden and other city parks, along with other strong environmental measures, keep the air largely clear of pollution, despite Curitiba’s land-locked location. The city strives to be sustainable in other ways, too. According to reports, it recently invested $106 million, or 5 percent, of its budget into its department of environment. The city government makes itself integral in the lives of Curitibans, not just seeking comment and feedback on policies, but also organizing a host of events. “Bike Night” is the latest craze in the active city. Each Tuesday, residents take to their bikes and peddle through the night, accompanied by municipal staff members. Montreal With its hearty French and North American mix, this city of 3.6 million has a real soul thanks to low living costs and long winter evenings. And it is no slouch when it comes to good food, hip culture, well-appointed museums and efficient transportation. With four major universities and plenty of bars, the nightlife in this bilingual city has a well-deserved reputation. Because the winters tend to be long and cold, the city possesses an extensive underground network connecting several downtown malls and a subterranean arts quarter. When spring finally does arrive, and snow is cleared from the many bike paths, the city puts out its 3,000 short-term-rental bicycles, known as Bixi. City-sponsored community gardens are sprouting around town, giving urbanites a chance to flex their green thumb. Montreal is an incredibly active town where festivals celebrating everything from jazz to Formula One dominate the city’s calendar during the summer. Thanks to Mount Royal, a large central park and cemetery that serves as cross-country, snowshoe and ice-skating terrain in the winter and becomes a verdant picnic ground and gathering spot in the summer, Montrealers never have to leave city limits. Santiago A vibrant mix of Latin American culture and European sensibility, this Chilean city is modern, safe and smart. The rapidly growing city of 6.7 million — , which, perhaps surprisingly, was first subject to urban planning mandates in the mid-20th century — is still ahead of others in South America when it comes to urban governance. A law curtailing urban sprawl and protecting the few natural spaces close to the city is exemplary. Beautiful old cultural jewels like the library and fine art museum are dwarfed by serious commercial skyscrapers. The smell of local food, good and inexpensive, brings life even to the streets of its financial district. One of the most extensive public transport systems on the continent whisks more than 2.3 million commuters to and from work or school every day. Because of its high altitude, pollution is a problem — one that the national government is trying to curb with various green initiatives. Short-term bike rentals exist in one of the more active parts of town, and significant city funds have been used to construct bicycle lanes. For a city this modern, however, Santiago has few parks. But the ocean is just a short drive to west and the mountains to the east. Shanghai China’s commercial heart has grown tremendously in the past couple of decades. Attracting young professionals with its jobs and opportunities rather than with museums and hip nightlife, this megacity of 23 million is surprisingly smart. Its top-down urban planning approach is efficient in a city made up of separate 16 districts and one county. City coffers are put to use building enormously ambitious infrastructure, like a deepwater port, tunnels, bridges and roadways. A good indicator for the rapid and deliberate growth of the city is the metro system. First opened in 1995, it is now the world’s longest subway network, according to city officials. Adding a futuristic aspect to the utilitarian system is a Maglev (magnetic levitation) line that connects the airport to the city, and on which the train travels at speeds of up to 431 kilometers, or 268 miles, per hour. But Shanghai’s urban development is also green. The city claims that it put the equivalent of $8 billion into environmental improvement and cleanup, which include sewage treatment systems but also an impressive number of city parks. In addition, Shanghai has made its city government more accessible by running a Web site were residents can find municipal information, and read a blog entitled “mayor’s window.” Vilnius, Lithuania One of the greenest of the former Eastern bloc capitals, Vilnius has a forward-thinking city government. In a recent Internet video that spread virally, the mayor, Arturas Zuokas, is seen crushing a Mercedes parked on a bike path with a tank. Beyond the obvious political theater of the stunt, the city, whose metropolitan area population is 850,000 takes providing good public transportation seriously. A recent study suggested that some 70 percent of the capital’s citizens either walk, bike or take the bus. Vilnius, a verdant city that despite some communist architectural clunkers is charmingly medieval and surprisingly well maintained, boasts an old town that is a Unesco world heritage site. After the fall of the old regime, the city took great pains to retool its waste disposal systems, building a modern landfill in 2005. The capital attracts young professionals, and not just from Eastern Europe, who see in Vilnius a rising star in business and appreciate all that the extensive cultural scene in the little capital has to offer.
  2. Quebec climbs to 6th spot in Fraser Institute's mining survey Peter Hadekel PETER HADEKEL, SPECIAL TO MONTREAL GAZETTE More from Peter Hadekel, Special to Montreal Gazette Published on: February 24, 2015Last Updated: February 24, 2015 6:31 AM EST A newly constructed bridge spans the Eastmain river in northern Quebec on Thursday October 03, 2013. The bridge leads to Stornaway Diamond's Renard mine and Camp Lagopede. They are located about 800 kms north of Montreal, on the shore of lake Kaakus Kaanipaahaapisk. Pierre Obendrauf / The Gazette SHARE ADJUST COMMENT PRINT After tumbling in the rankings in recent years, Quebec has re-established itself as one of the world’s most attractive mining jurisdictions, according to the Fraser Institute’s annual survey of the mining industry made public Tuesday. The province jumped to sixth spot in the 2014 rankings for investment attractiveness after finishing 18th the year before. The survey rated 122 jurisdictions around the world “based on their geological attractiveness and the extent to which government policies encourage exploration and investment.” Quebec sat on top of the international rankings from 2007 to 2010 but then dropped as industry perceptions of the province turned negative. Increased red tape, royalty hikes and uncertainty surrounding new environmental regulations all took their toll. But a change of government in Quebec seems to have helped turn those perceptions around. “The confidence mining executives now have in Quebec is due in part to the province’s proactive approach to mining policy and its Plan Nord strategy to encourage investment and mineral exploration in northern Quebec,” said Kenneth Green, the Fraser Institute’s senior director of energy and natural resources. The Liberal government under Philippe Couillard breathed new life into the Plan Nord after taking over from the previous Parti Québécois administration, which had been noticeably cool to the plan first proposed by former Liberal premier Jean Charest. While uncertainty surrounding mineral prices has held back new investment in Quebec, the Liberals have pledged to push the Plan Nord strategy by improving transportation infrastructure and making direct investments where needed. Reflecting the improved mood, an index measuring policy perception places Quebec 12th in the world, up from 21st in 2013. However, Quebec got a black eye in the mining community over its handling of the Strateco Resources Inc. uranium mine, which has been repeatedly delayed. A moratorium was imposed on all uranium exploration permits, which the industry saw as an arbitrary and unnecessary action that devastated junior explorers. As well, the Fraser Institute’s Green noted that in Ontario and British Columbia uncertainty surrounding First Nations consultations and disputed land claims should serve as “a stark lesson for Quebec. Above all, mining investment is attracted when a jurisdiction can provide a clear and transparent regulatory environment.” Finland finished first overall in this year’s survey of 485 mining executives from around the world. Exploration budgets reported by companies participating in the survey totalled US$2.7 billion, down from US$3.2 billion in 2013. Despite its strong performance, Quebec was edged out by two other Canadian provinces: Saskatchewan finished second and Manitoba fourth. A strong Canadian showing included eighth spot for Newfoundland and Labrador and ninth for Yukon. The mining industry has been hampered by a lack of financing for exploration as well as continued uncertainty over future demand and prices. The report found an overall deterioration in the investment climate around the world. There is “a stark difference between geographical regions; notably the divide between Canada, the United States and Australia and the rest of the world.” [email protected] sent via Tapatalk
  3. Brazil’s economy The devil in the deep-sea oil Unless the government restrains itself, an oil boom risks feeding Brazil’s vices Nov 5th 2011 | from the print edition DEEP in the South Atlantic, a vast industrial operation is under way that Brazil’s leaders say will turn their country into an oil power by the end of this decade. If the ambitious plans of Petrobras, the national oil company, come to fruition, by 2020 Brazil will be producing 5m barrels per day, much of it from new offshore fields. That might make Brazil a top-five source of oil (see article). Managed wisely, this boom has the potential to do great good. Brazil’s president, Dilma Rousseff, wants to use the oil money to pay for better education, health and infrastructure. She also wants to use the new fields to create a world-beating oil-services industry. But the bonanza also risks feeding some Brazilian vices: a spendthrift and corrupt political system; an over-mighty state and over-protected domestic market; and neglect of the virtues of saving, investment and training. So it is worrying that there is far more debate in Brazil about how to spend the oil money than about how to develop the fields. If Brazil’s economy is to benefit from oil, rather than be dominated by it, a big chunk of the proceeds should be saved offshore and used to offset future recessions. But the more immediate risks lie in how the oil is extracted. The government has established a complicated legal framework for the fields. It has vested their ownership in Pré-Sal Petróleo, a new state body whose job is merely to collect and spend the oil money. It has granted an operating monopoly to Petrobras (although the company can strike production-sharing agreements with private partners). The rationale was that, since everyone now knows where the oil is, the lion’s share of the profits should go to the nation. But this glides over the complexity in developing fields that lie up to 300km (190 miles) offshore, beneath 2km of water and up to 5km of salt and rock. To develop the new fields, and build onshore facilities including refineries, Petrobras plans to invest $45 billion a year for the next five years, the largest investment programme of any oil firm in the world. That is too much, too soon, both for Petrobras and for Brazil—especially because the government has decreed that a large proportion of the necessary equipment and supplies be produced at home. How to be Norway, not Venezuela By demanding so much local content, the government may in fact be favouring some of the leading foreign oil-service companies. Many would have set up in Brazil anyway; now, with less price competition from abroad, they will find it easier to charge over the odds. Seeking to ramp up production so fast, and relying so heavily on local supplies, also risks starving non-oil businesses of capital and skilled labour (which is in desperately short supply). Oil money is already helping to drive up Brazil’s currency, the real, hurting manufacturers struggling with high taxes and poor infrastructure. When it comes to oil, striking the right balance between the state and the private sector, and between national content and foreign expertise, is notoriously tricky. But it can be done. To kick-start an oil-services industry, Norway calibrated its national-content rules realistically in scope and duration, required foreign suppliers to work closely with local firms and forced Statoil, its national oil company, to bid against rivals to develop fields. Above all, it invested in training the workforce. But Brazilians need only to look at Mexico’s Pemex to see the politicised bloat that can follow an oil boom—or at Venezuela to see how oil can corrupt a country. Petrobras is not Pemex. Thanks to a meritocratic culture, and the discipline of having some of its stock traded, Petrobras is a leader in deep-sea oil. But operating as a monopolist is a poor way to maintain that edge. Happily, too, Brazil is not Venezuela. Its leaders can prove it by changing the rules to be more Norwegian.
  4. Many cities bum rush towards bankruptcy, raising taxes instead of cutting spending, but one city – Colorado Springs – has drawn the line. When sales tax revenues dropped, voters were asked to make up the shortfall by tripling their property taxes. Voters emphatically said no, despite the threat of reduced services. Those cuts have now arrived. More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled. The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter. Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks… City recreation centers, indoor and outdoor pools, and a handful of museums will close for good March 31 unless they find private funding to stay open. I bet they do find private funding. That and community involvement is a better solution than throwing more money to government bureaucrats. A private enterprise task force is focusing on the real problem; the city’s soaring pension and health care costs for city employees. Broadmoor luxury resort chief executive Steve Bartolin wrote an open letter asking why the city spends $89,000 per employee, when his enterprise has a similar number of workers and spends only $24,000 on each. Good question, and also the subject of my Fox Business Network show tonight. Government employee unions are a big reason cities spend themselves into bankruptcy. Some union workers in Colorado Springs make it clear that they are not volunteering to help solve the budget problems. (A) small fraction of city employees have made perfectly clear they won’t stand for pay cuts, no matter what happens to the people who pay their wages. The attitude of a loud minority of employees, toward local taxpayers, sometimes sounds like “(expletive) them.” Maybe those workers should sense change in the air. Colorado Springs residents understand that if you can’t pay for it, you can’t have it. And if a rec center has to be closed, or the cops lose their helicopters, or government workers get a pay cut, so be it. Read more: http://stossel.blogs.foxbusiness.com/2010/02/11/colorado-springs-walks-the-walk/#ixzz0fH4d5Mpd
  5. The Quebec government sends something via Xpress Post to my old address, even though they have my new address. They sent out a letter March 16th and only got it today. I moved over a year ago, so they know the new address. I have no idea who to blame for this incompetence. The Quebec government for not checking with the change of address or Canada post for not rerouting the letter (seeing they have the new address also). :mad: Someone at Revenu Quebec and Canada Post is getting an earful tomorrow for this grade A fuck up!
  6. CBC, VIA Rail considered for auction block: Documents BY ANDREW MAYEDA, CANWEST NEWS SERVICE JUNE 1, 2009 6:49 PM OTTAWA — The federal Department of Finance has flagged several prominent Crown corporations as "not self-sustaining," including the CBC, VIA Rail and the National Arts Centre, and has identified them as entities that could be sold as part of the government's asset review, newly released documents show. In its fiscal update last November, the government announced that it would launch a review of its Crown assets, including so-called enterprise Crown corporations, real estate and "other holdings." Finance Department documents, obtained by Canwest News Service under the Access to Information Act, reveal that the review will focus on enterprise Crown corporations, which are not financially dependent on parliamentary subsidies. Such corporations include the Royal Canadian Mint and Ridley Terminals, which is a coal-shipping terminal in Prince Rupert, B.C. But the documents also reveal that the government will consider privatizing Crown corporations that require public subsidies to stay afloat. "The reviews will also examine other holdings in which the government competes directly with private enterprises, earn income from property or performs a commercial activity," states a Finance briefing note dated Dec. 2, 2008. "It includes Crown corporations that are not self-sustaining even though they are of a commercial nature." In the briefing note, the Finance Department identifies nine Crown corporations that fall in that category, including Atomic Energy of Canada Ltd., the CBC and VIA Rail. The government announced last week that it will split AECL in two and seek private-sector investors for the Crown corporation's CANDU nuclear-reactor business. The Crown asset review comes as the government struggles to contain the country's deficit, now expected to top $50 billion this year. The Jan. 27 budget assumes that the government will be able to raise as much as $4 billion through asset sales by the end of March 2010. The budget identified four federal departments whose Crown assets are being reviewed first: Finance, Indian and Northern Affairs, Natural Resources, and Transport and Infrastructure. VIA Rail is overseen by the Transport Department, while the CBC and the National Arts Centre fall under the portfolio of the Canadian Heritage department. The Finance Department documents confirm that all government assets will eventually be reviewed. Privatizations tend to work well when Crown corporations enter a reasonably competitive market with a good chance of turning a profit, said Aidan Vining, a professor of business and government relations at Simon Fraser University. Unlike successfully privatized firms such as Canadian National Railway, it's not clear that CBC and VIA Rail could operate as profitable ventures while maintaining the public mandates they provided as Crown corporations, he noted. "They're not the classic privatization candidates, where you sell and walk away," said Vining, an expert in Crown corporation privatizations. "Unless, of course, you're prepared to fully withdraw from the public purpose (of the Crown corporation)." Certainly, the sale of a flagship Crown asset such as the CBC would be politically controversial. After the CBC announced this spring that it would lay off hundreds of employees, opposition critics accused the government of turning a cold shoulder to the public broadcaster's struggles. Under the Financial Administration Act, Parliament would have to approve the privatization of any Crown corporation. "It's hard to believe that some of these sales would go forward in a minority Parliament," said Vining. The Finance Department has also begun to examine the government's vast real-estate portfolio, which includes 31 million hectares of land, and more than 46,000 buildings totalling 103 million square metres — more than double the office space available in the Greater Toronto Area, according to the Finance documents. The government's holdings are worth at least $17 billion, Finance officials estimate. A briefing note labelled "secret" said that the Department of Indian and Northern Affairs acquired $7 million in surplus properties between 1998 and 2006 for potential use in land-claims deals. Over the same period, the properties cost $2 million to maintain. Divesting such properties could not only generate revenue for the government, but also cut "ongoing operations and maintenance costs," states the briefing note. A Finance Department spokeswoman said the asset review won't necessarily lead to sales in all cases. "Reviews will assess whether value could be created through changes to the assets' structure and ownership, and report on a wide set of options including the status quo, amendments to current mandates or governance," department spokeswoman Stephanie Rubec said in an e-mail. "In some cases, it may be concluded that selling an asset to a private sector entity may generate more economic activity and deliver greater value to taxpayers." Crown corporations identified by the government as "not self-sustaining": (Company name, commercial revenues, parliamentary subsidy, expenses) Atomic Energy of Canada Ltd., $614.2 million, $285.3 million, $1.3 billion CBC, $565.5 million, $1.1 billion, $1.7 billion Cape Breton Development Corp., $5.1 million, $60 million, $94.1 million Federal Bridge Corp. Ltd., $14.6 million, $31.0 million, $42.9 million National Arts Centre Corp., $26.0 million, $40.6 million, $65.7 million Old Port of Montreal Corp., $16.7 million, $15.1 million, $32.0 million Parc Downsview Park Inc., not available, not available, not available VIA Rail Canada Inc., $293.9 million, $266.2 million, $505.5 million Source: Department of Finance, Public Accounts of Canada Note: Financial results are for 2007-08 http://www.ottawacitizen.com/Rail+considered+auction+block+Documents/1652330/story.html
  7. April 29, 2009 By LANDON THOMAS Jr. LONDON — Tetsuya Ishikawa reaped the fruits of London’s financial boom, structuring and selling his small share of the complex securities that fueled both his professional rise and the uninterrupted economic growth of Britain. When the boom went bust last year, he lost his job at Morgan Stanley, along with about 28,000 other Londoners working in finance. Mr. Ishikawa, who has written a fictional memoir, has no plans to return to the City, as London’s banking district is known. But Britain’s revenue-starved Labor government will find no such escape. “By 2010, the U.K. will have the largest budget deficit in the developed world,” said Richard Snook, a senior economist at the Center for Economic and Business Research in London. “The problem is that the financial services industry has been a huge cash cow for the British government for the last 10 years and now it is going into reverse.” The country’s budget deficit has soared to 12 percent of gross domestic product; its public debt burden could soon reach 80 percent of annual economic output, a figure that would leave it roughly in the same position as Greece. But at a time when Britain more than ever needs a financial sector firing on all cylinders, its economic engine is conking out — for a number of reasons, including some that critics blame on the government. All told, more than 70,000 jobs in finance are expected to disappear over the next two to three years, a big chunk of the total estimated job losses of about 280,000 in London. The British government has poured hundreds of billions of pounds into preventing several of its largest banks from falling into bankruptcy as the extent of their bad bets became evident. But there is little prospect of a revival anytime soon, as the government is about to impose stiffer demands on banks to keep high capital ratios and to rely less on leverage and once-lucrative trading activities. That, combined with a more aggressive posture by the regulatory authorities to put a check on bonuses, is likely to hasten what has already been a sharp falloff in corporate and income taxes from the City. The economic contribution from the British financial sector, according to the Office for National Statistics, peaked at 10.8 percent of G.D.P. in 2007 — up from 5.5 percent in 1996, just before Labor took over. By comparison, the contribution from financial services in the United States to the American economy never exceeded 8 percent. In a bid to capture more revenue, the British government has decided to raise tax rates on the affluent, many of them working in finance. But the new top income tax rate of 50 percent for those earning at least £150,000, or $219,000, may only make things worse, said Mr. Snook, the economist. “These people are highly mobile and they will leave London,” he said. “The impact on public finances will be negative.” Britain’s top tax rate will soon rank fourth behind those of Denmark, Sweden and the Netherlands — not quite the advertisement one would expect from one of the world’s leading financial centers. In many ways, Mr. Ishikawa’s career tracked the credit explosion that has now imploded. When he began work as a lowly credit analyst in 2002, banks in London issued about £20 billion in securities linked to various mortgage instruments. His career took off as that figure surged to over £180 billion by 2008, when Mr. Ishikawa secured for himself a $3 million bonus from Morgan Stanley as a reward for peddling assets that turned out to be toxic. With that line of business virtually defunct, banks in the coming years must return to lower-risk and lower-return businesses like equity and bond underwriting, foreign exchange trading and traditional deal-making — businesses that may well be profitable, but can in no way make up for the loss of such a lush specialty. The Center for Economic and Business Research estimates that corporate and income taxes from the financial industry will shrink from 12 percent of the overall tax take in 2007 to 8 percent this year and perhaps lower in the years ahead, a prospect that could force Britain to increase its already substantial borrowing requirement. The crisis has humbled all financial centers, from Wall Street to Dubai. According to an index produced in Britain that ranks financial centers around the world, the City of London still comes out on top, closely followed by New York. The gap, though, between these two and Singapore, which is now third, is narrowing. Lord Adair Turner, the chairman of the Financial Services Authority, agrees that London as a financial center will be in for an adjustment and says that a large portion of the banking industry’s profit contribution to the economy was “illusory.” But even in a more restrictive environment, he points out, London’s importance as a global financial hub and the most valuable trading center in Europe will not go away. “The City is important today for the same reason it was important in 1890,” he said. As for Mr. Ishikawa, who is 30 and grew up in Britain as the son of a successful Japanese executive, he is putting his hopes into a new career as a writer. His book, “How I Caused the Credit Crunch,” chronicles the debauched excesses of the boom — he was briefly married to a Brazilian lap dancer — by lightly fictionalizing his six-year stint in finance. “I really don’t miss it,” he said, sipping a coffee near the building where he was laid off. “There are many more kids out there more hungry than me.” Like Faruq Rana, for example. Mr. Rana, the 26-year-old son of Bangladeshi immigrants, was born and reared in Tower Hamlets, a district abutting Canary Wharf that has Britain’s highest unemployment rate. From his window, he can see the towers of Citigroup and Barclays reaching into the sky and his ambition to one day work as a trader in one of those buildings soars nearly as high. “Every day when I wake up and open up my window, I can smell my job,” said Mr. Rana, who is a student in a government-financed program at Tower Hamlets College that prepares local youths for jobs in the financial industry. Unlike Mr. Ishikawa, Mr. Rana did not go to Eton or Oxford, but he remains undeterred. “I have the motivation and the drive,” he said. “I think I can be one of them.” http://www.nytimes.com/2009/04/29/business/global/29city.html?ref=global-home
  8. Both governments are currently spending part of my money for stuff that does not interest me as much as say, having put the funds together to have saved the nordiques or expos. Now, don't get me wrong, I don't mind they spend some of my $$$ for museums, festivals, etc.. because I strongly believe that as a whole, we all win. However, not having the city of Québec on the NHL map is a disgrace and my heart aches every time spring training rolls around. The government should have done something...
  9. (Courtesy of The Canadian Press) OT: How about also raising the spending limit for shopping in the US. Would be nice if we could come back after a a day with $500 CDN (goods) and week with $2000 CDN (goods)
  10. jesseps

    Penny

    Would you really care, if government stopped minting these coins or keeping them in circulation?
  11. Montreal fest maverick Serge Losique conquers Montreal scene By SHANE DANIELSEN Claude Miller's "Un Secret," starring Cecile de France and Patrick Bruel In an increasingly corporate fest milieu, Serge Losique is a maverick. Pugnacious, unpredictable, the 76-year-old Montreal World Film Festival chief has for over three decades run his event as a personal fiefdom, as shuttered and inscrutable as the court of Tamburlaine. He's also a survivor, having seen off a recent challenge that would have sunk many a less determined adversary. Launched amid great fanfare in February 2005, the New Montreal FilmFest quickly signed a high-profile director (former Berlin and Venice topper Moritz de Hadeln) and boasted coin from Canada's major government film offices. It was, its backers claimed, the breath of fresh air the Montreal film scene badly needed. But in fact, the newcomer proved one of the fest world's more conspicuous train wrecks. The omens were not good: Both the fest's staff and its board were castigated by de Hadeln in the Canuck press just days before opening night -- but the reality proved far worse, with few (and flummoxed) guests, an empty red carpet and most films unspooling to near-empty houses. "It was," one attendee commented, "like watching the Lusitania go down. For 11 days." From across town, you could practically hear Losique's sigh of satisfaction. Sure enough, after that first, disastrous edition, the plug was pulled. Bloodied, but defiantly unbowed, the veteran fest celebrated its 30th anniversary last August. However, the very creation of a rival fest signaled other, more serious concerns -- specifically, a deepening feud between Losique (who runs his event as a private company, even owning its principal venue, the Imperial Theater) and his chief funders, Canadian government bodies Telefilm Canada and Sodec, the Quebec film agency. Both claimed disenchantment with Losique's autocratic managerial style and "lack of accountability" to the local film community. In electing to side with the NMFF, they expected his event to fold. Instead, the tyro event went under, leaving both bodies with oeuf on their faces. "The problems we encountered in the last two years with Telefilm Canada and Sodec are due to the fact that they are judge and jury," Losique reports. "Sooner or later, this approach to culture has to change." Losique has challenged the status quo before: "We raised these questions (just) as we raised questions about the rules of FIAPF (the Intl. Federation of Film Producers Assn.). We quit them. Now FIAPF is better, with new rules, and we are a member again." In the same way, he says, the relationship with Telefilm Canada is "becoming more normal." His lawsuit against them has quietly been dropped: "We're not yet kissing each other, but we are talking to each other." Unpredictable programming Still, Telefilm has not committed to reup its funding: a spokesman would say only that MWFF was still "under evaluation." Sodec, however, has returned to the fold, announcing in June that Losique's event would be once again among the eight Quebec film fests to share its annual C$800,000 ($750,000) pot. For many attendees, the chief virtue of the World Film Fest -- and the reason for its enduring importance on the fest landscape -- is the sheer unpredictability of its programming. Where Toronto, true to its origins as the Festival of Festivals, essentially culls a greatest-hits lineup from Berlin, Cannes and Venice, the Montreal slate comprises many off-the-radar pics from across the globe. Last year saw entries from 76 countries; this time, filmmakers from Chad to the U.S. will compete on equal terms for the Grand Prix of the Americas, the event's major award. Many of these will be world premieres. As such, it's a distinct change from the homogenous, shopping-list selections of most fest selections. Or as Losique puts it: "Our goal is to find the best films from as many countries as possible. We are not looking for 'names,' because even great names can produce bad films. In some festivals, you see the parade of stars and starlets offered by the marketing junket machine of Hollywood. We are not here to please dubious merchants, but to display the gems of the film industry." Still, he admits to a growing sense of dejection: "The emotional mystery of cinema is disappearing. Today you can buy any film on DVD on the same shelves with cat and dog food. Films d'auteur are gradually dying at the box office, and that's a danger for a quality film festival and also for cinema in general." The only way forward, he believes, is to retain a sense of perspective: "If you're too big, it's not good for cinema and discoveries. If you are too small, you do not exist for the media and sponsors. A festival should not be so big that you cannot even appreciate the films. Some middle road must be found."
  12. http://www.autoblog.com/2009/12/11/report-detroit-three-call-japans-cash-for-clunkers-program-unf/ http://www.autoblog.com/2010/01/07/report-obama-urged-to-push-japan-to-open-its-cash-for-clunkers/ Protectionism in full swing once again in Japan. Why should their cars be eligible for cash for clunkers in the US, if American cars are not there. That is not free trade. Hopefully President Obama puts an end to this nonsense.
  13. For the past few weeks, my family been trying to figure out why the garage door for my mom wouldn't open. We end up getting technicians to come and check it out twice and even with a special detector to see what frequency could be blocking it. Some reason my dad wakes up today, thinking the garage door opener on the wrong way, guess what it was. The people who were fixing stuff in the garage put it the wrong way! :egads: The joke is on us for not figuring that one out sooner. --- My dad sent me downtown to get a parcel. Seeing we use to live in the city and some reason they never sent it to the new address. Today there is a huge snowstorm in Montreal. I was stuck waiting over 35 mins for the bus, and it took over an hour to get downtown and take the metro. One thing leads to another. When I get to the post office the woman didn't want to give the parcel to me, another thing lead to another and I got it. Ended coming back home and opening the parcel to find out the Canadian Government seized what was inside. Wasted 3 hours traveling in a snowstorm to find out whatever my dad ordered was seized by the government for being a health hazard. FML! update: Just found out whatever was in the box my dad never ordered LOL My life should be a sitcom
  14. The New York Times June 28, 2008 By BEN SISARIO MONTREAL — On Wednesday night, in the last of his three concerts presented as preludes to the Montreal International Jazz Festival, Leonard Cohen, the 73-year-old hometown poet-hero on tour for the first time in 15 years, said that on his last time through town he was “60 years old, just a kid with a crazy dream.” Between waves of applause and hollers in French and English, he added, “I am so grateful to be here and to be from here.” Mr. Cohen’s math notwithstanding, hometown pride and musical reverence are at the center of the festival, which opened its 29th season on Thursday and runs through July 6. Billing itself as the largest jazz festival in the world, it attracts one million visitors a year to more than 500 concerts in a three-block music zone downtown and brings about $100 million in revenue to the city, according to Canadian government estimates. With CD sales in a chronic slump, the music industry has been turning increasingly to live events for income, and in recent years big smorgasbord festivals have sprouted up all over North America, aiming to present all kinds of music for all kinds of people. But with a setting ideal for tourists as well as for local residents, and a solid history of eclectic programming — among the attractions this year are Woody Allen, Al Green, Aretha Franklin, Public Enemy and the local debut of Steely Dan — Montreal has held on to a rare prestige. “There is no parallel in North America and perhaps no parallel around the world,” said Scott Southard, a jazz and world-music booking agent who has 15 artists at the festival. “In Europe or Bonnaroo, for instance, they have to erect an entire village in a remote location. Here you have an urban environment without having to reconstruct the venue infrastructure every year.” Begun in 1980 by two concert promoters, Alain Simard and André Ménard, as a way to fill up what was then a dry summer concert calendar, the festival takes over four concert halls of the Place des Arts performing arts complex as well as numerous theaters and clubs around the perimeter. Several blocks of downtown streets are closed for outdoor stages, retail and food booths and children’s activities. Despite the size, Mr. Simard, the president of the festival’s parent company, L’Équipe Spectra, said that “the goal is not to be the biggest jazz festival in the world, it’s to be the best.” But as the festival approaches its 30th season, it is preparing to grow even bigger, with help from a four-year, $120 million government plan to develop the area around Place des Arts. The first phase, to be completed by next summer, includes a 75,000-square-foot park and performance ground, the Place du Quartier des Spectacles. The festival has also been given a 30-year lease and a $10 million grant from the Province of Quebec to renovate a nearby vacant building; when completed it will add one club for use year-round. As a tourist draw second only to Grand Prix du Canada, the Formula One race held in Montreal in early June, the jazz festival has become an important symbol of Montreal’s cosmopolitan lifestyle, said Charles Lapointe, the chief executive of Tourism Montreal, a nonprofit agency financed through a hotel tax. “The jazz festival exemplifies perfectly what we are presenting on the foreign market,” Mr. Lapointe said. “You can celebrate on the streets without any problems with security and express all the pleasure you want.” Civic pride and creative abundance was clear on Thursday, the official opening. (Mr. Cohen’s touring schedule prevented him from being part of the festival proper; he appears at the enormous Glastonbury pop festival in Britain on Sunday.) During the afternoon crowds gradually filled up the Place des Arts campus, slurping on ice cream cones beside the fountain and listening to the sound check for a tribute to Mr. Cohen featuring Chris Botti, Madeleine Peyroux, Buffy Sainte-Marie and others. Darting between indoor evening concerts by the veteran jazz singer Dee Dee Bridgewater, the young British songwriter Katie Melua and the African performers Vieux Farka Touré and Salif Keita, a visitor could quickly take in half a dozen outdoor concerts, parades and magicians. Two-thirds of the concerts are free. The Cohen tribute drew an estimated audience of 100,000, filling the plaza and nearby streets. But the concerts by Mr. Cohen himself were the clear early highlight. Dressed like a spy in a crisp black suit and fedora, Mr. Cohen, who has said that after years in a Zen Buddhist retreat in California, his lifelong depression has finally begun to lift, sang a sleek and emotional set of nearly three hours. In “Bird on the Wire,” “Hallelujah” and “Tower of Song” he sang of being weighted down by cynicism and starving for affection, but between songs he doffed his hat and smiled broadly for sustained ovations. The festival, a nonprofit enterprise run by the for-profit company L’Équipe Spectra, has an operating budget of $25 million. And though about 18 percent of that comes from national, provincial and city sources, the biggest form of government support is the closing of several blocks of busy city streets. The bulk of the budget comes from corporate sponsorships (40 percent) and sales of tickets and memorabilia (39 percent). The prominence of sponsorships gives the festival a sense of hyperbranding. Looking over Place des Arts, it is almost impossible not to see a giant symbol of General Motors, the lead sponsor: besides GM logos on banners and fliers throughout the grounds, the company also has five displays of new cars for contests, and at least one of the many marching bands wended its way around, wearing black GM T-shirts. Festival organizers say that they have made efforts to ensure that the sponsorship is tasteful and not intrusive. Signs are only seen outdoors, where concerts are free, they say. There is no advertising for the paid concerts indoors, and the organizers say they will not rename the event to suit any sponsor. To create an egalitarian atmosphere, the festival also shuns velvet ropes. “You will never see a V.I.P. area on the site,” Mr. Ménard said. “There’s never a place where people walk and are told, ‘No, that’s not for you.’ The unemployed can stand next to the president of the sponsor company.” For the Cohen tribute on Thursday night, however, there was a small area of bleachers near the stage reserved for the news media and others. But a reporter who lacked the necessary badges was still able to enter with a few kind words. And unlike many large festivals, this one had a network of fenced-off pathways that made quick travel through even a crowd of 100,000 tightly packed fans on Thursday evening easy for anyone needing or wanting to get through. “The vibe is very peaceful,” Mr. Ménard said of the festival. “The fabric of this city is all about the quality of life. The fact is, we have long, deadly winters, so come summertime, everybody is in for a party — but a civilized party.”
  15. Corn-based ethanol: The negatives outweigh the positives JEFFREY SIMPSON From Wednesday's Globe and Mail July 30, 2008 at 7:58 AM EDT Canada's governments have done something really stupid in subsidizing corn-based ethanol, and requiring its increased use, but apparently cannot correct their mistake. As a policy to reduce greenhouse gas emissions, corn-based ethanol is a poor option; as a farm subsidy program, it's also a poor bet. Making matters worse, corn-based ethanol takes corn-for-food out of production, and moves land from other kinds of production into corn, thereby adding to what are already rising food prices. Governments, here and in the U.S., thought they were doing great things for the environment and helping farmers, too. Ethanol policy was, to quote the Harper government, a "win-win." Actually, it was a lose-lose policy for all but corn producers, who, naturally enough, have rallied furiously to protect their good fortune. Many researchers have exposed the follies of subsidizing corn-based ethanol production, the latest being Douglas Auld, in an extremely well-documented paper for the C.D. Howe Institute. Mr. Auld has surveyed the research literature about the putatively beneficial effects of corn-based ethanol on replacing gasoline. The theory is that such ethanol produces fewer greenhouse gas emissions than gasoline from a vehicle engine. Indeed, it does, but that simple statement ignores what energy is required to produce a litre of ethanol. When the so-called "lifecycle" of ethanol production is counted, Mr. Auld concludes (as have many others) that ethanol doesn't lower GHG outputs. Remember, too, that ethanol delivers less energy per litre than gasoline, so more litres of production are required to move a vehicle a certain distance. Mr. Auld, therefore, correctly concludes, "It is clear from the evidence to date that there is no consensus regarding the efficacy of corn-based ethanol either to reduce GHGs or reduce overall energy demands." But we aren't dealing with "evidence," rather with political optics from governments wanting to look "green" and from a desire to help farmers. And so, the Harper government replaced the previous special tax exemption for ethanol to a producer credit that will cost the country about $1.5-billion. To this sum were added loans, biofuel research grants plus mandatory ethanol content requirements. In other words, the government pushed up the supply of corn-based ethanol through subsidies, then pushed up the demand through regulation. Provinces got in on the act, offering producer credits and mandatory ethanol content requirements. Putting the provincial and federal policies together produced whopping advantages for ethanol of about $400-million a year. For such money, Canadians might expect at least some decline in greenhouse gas emissions. They will be disappointed. There will be few reductions, and Mr. Auld estimates that these might cost $368 a tonne - way, way higher than other per-tonne costs for eliminating carbon dioxide, the main climate-warming gas. By contrast, one part of the Harper government's proposed climate-change policy would see big companies that do not meet their intensity-based reduction targets paying $15 a tonne into a technology fund. World prices for carbon offsetting these days are about $30 a tonne. However, even if this form of ethanol is a climate-change bust, at least it's great for farmers. Not so fast. It's a boon to the corn producers, but to supply all the additional demand for ethanol, up to half the current farmland for corn will be used. As more land is diverted to corn for ethanol, there will be less corn for human and animal consumption. So whereas corn producers will gain, livestock producers will suffer. As their costs rise, so will the price of their products to consumers. It's wrong to blame the rush to ethanol for rising food prices here and abroad. Let's just say the rush contributes to the problem. Mr. Auld estimates that if you take the direct subsidies for ethanol production of $400-million a year, and add the costs of higher food to consumers, the wealth transfer to corn-based farmers could soon be about $800-million. It's the classic case of subsidies distorting markets: One group gains and mobilizes all of its resources to protect its gains, insisting these gains reflect the public good; whereas in reality almost everyone else loses but doesn't complain. So we have a silly policy with hundreds of millions of dollars going down the policy drain, achieving none of the objectives the politicians claimed.
  16. New housing plan unveiled The Gazette Published: 9 hours ago A plan by the Metropolitan Montreal Community that would cost $500 million over the next five years to build, renovate and repair 10,000 low-income and social housing units in the greater Montreal area was unveiled yesterday. The agency co-ordinates urban and regional planning for 82 municipalities in and around the island of Montreal. Paul Larocque, who heads the CMM's housing commission, announced the five-year plan that would see 20,000 units built across Quebec. The greatest need, however, is on the island of Montreal, where the occupancy rate of existing social and low-cost housing units is 100 per cent. "The challenge is enormous," said Michael Prescott, Montreal city council executive committee member. "We need the co-operation of all levels of government to assure stable financing if we are to realize our objectives by 2013." Most of the funding is already secure. The Quebec government has set aside $26 million a year under the five-year Accès Logis program to build new housing units and has earmarked another $96 million a year until 2013 to renovate and repair existing housing units under another infrastructure program, Habitations à loyer modique. It appears the federal government is on board. On Sept. 4, the Harper government allocated $1.9 billion to extend programs to combat homelessness in Canada, including in Montreal, but in the middle of an election campaign, it hasn't bothered to tell anyone. "We are well on our way to meeting our needs," said James McGregor, a vice-president with the Société d'habitation du Québec, the principal government agency responsible for affordable housing in Quebec. "But we only found out about the federal government's participation through the CMHC website. It's a very curious thing." No one from the department of Human Resources and Social Development was available to comment yesterday.
  17. Solid blog. What do you guys think? Huffington Post At the beginning of September, as Sherpa Delegate, I will lead a delegation of 35 young Canadian entrepreneurs, who have been selected to participate in the G20 Young Entrepreneurs Summit in China. They will join some of the top 500 young entrepreneurs of the G20 nations to recommend policies to foster youth entrepreneurship and tackle youth unemployment. Among these 35 Canadians, 16 are from Montreal. This fact clearly reflects that there is currently a boom of new entrepreneurs in this city. As a business person myself, I witness a vibrant entrepreneurial community. Montreal hosts many startup events and hackathons, and boasts an increasing number of incubators and co-working spaces. In the last three years, I have had the opportunity to meet entrepreneurs from various countries, through my active involvement in a global youth movement, called the G20 Young Entrepreneurs Alliance. This international experience has made me realize that Montreal has everything it takes to be among the best cities for entrepreneurs in the world. Like an unpolished diamond, it merely requires some efficient government measures. Technology has enabled even smaller entrepreneur-led businesses to expand into global markets, which can be a powerful driver of growth. We need to implement concerted strategic policies on federal, provincial and municipal levels, to make Montreal a high-standard international entrepreneurial city. Policies that take into account the following points: Firstly, Montreal is the second biggest university city in North America, after Boston. The government should tap into this strong suit in order to make it an entrepreneurial city. We need a clear strategy that encourages and supports the creation of university-based incubators and accelerators in partnership with the private sector, institutions and foundations. University students in Montreal should have the opportunity to start businesses throughout their studies, with the support of and resources from their institutions. As a target, I propose to increase the number of university students involved in entrepreneurship by 50 per cent in five years, and students’ R&D investment/collaboration with entrepreneurs by 50 per cent, to complement formal entrepreneurship education. Secondly, many young entrepreneurs want to go global and do business with other cities, provinces and countries. Technology has enabled even smaller entrepreneur-led businesses to expand into global markets, which can be a powerful driver of growth. We need to devise a joint game plan on federal, provincial and municipal levels, to adopt policies and incentives that support young entrepreneurs as they assess their activities and expand into external markets. For instance, inclusion of young entrepreneurs in trade missions led by our mayor, premier and prime minister, training of diplomats and trade commissioners in the realities of young entrepreneurs, encouraging Montreal incubators to collaborate with those of other countries, and creation of co-working hubs and incubation services for early-stage exporters in diplomatic missions (to trade offices, embassies and consulates). Finally, Montreal is an open, creative and multicultural city, with a great quality of life. Let’s make our city the number 1 destination in the world to start a business! Entrepreneurs are a rare breed. We need to attract them. I suggest federal, provincial and municipal collaboration to implement long-term visas and fast clearance for entrepreneurs. A landing pad for entrepreneurs, in conjunction with university-based incubators and the private sector, is also required. On August 26, 2016, the Obama administration proposed a rule aimed at attracting thousands of the world’s best and brightest entrepreneurs, to start the next great companies in the United States. I think our federal government should be inspired by this initiative. The city of Montreal plans to release an orientation paper on its international relations in the coming months. I sincerely hope our municipal administration integrates “Montreal as an international entrepreneurship capital” into its vision. Winston Chan is an entrepreneur and former Chairman of the Federation of Young Chambers of Commerce in Quebec. Sent from my iPhone using Tapatalk
  18. Solid blog. What do you guys think? Huffington Post At the beginning of September, as Sherpa Delegate, I will lead a delegation of 35 young Canadian entrepreneurs, who have been selected to participate in the G20 Young Entrepreneurs Summit in China. They will join some of the top 500 young entrepreneurs of the G20 nations to recommend policies to foster youth entrepreneurship and tackle youth unemployment. Among these 35 Canadians, 16 are from Montreal. This fact clearly reflects that there is currently a boom of new entrepreneurs in this city. As a business person myself, I witness a vibrant entrepreneurial community. Montreal hosts many startup events and hackathons, and boasts an increasing number of incubators and co-working spaces. In the last three years, I have had the opportunity to meet entrepreneurs from various countries, through my active involvement in a global youth movement, called the G20 Young Entrepreneurs Alliance. This international experience has made me realize that Montreal has everything it takes to be among the best cities for entrepreneurs in the world. Like an unpolished diamond, it merely requires some efficient government measures. Technology has enabled even smaller entrepreneur-led businesses to expand into global markets, which can be a powerful driver of growth. We need to implement concerted strategic policies on federal, provincial and municipal levels, to make Montreal a high-standard international entrepreneurial city. Policies that take into account the following points: Firstly, Montreal is the second biggest university city in North America, after Boston. The government should tap into this strong suit in order to make it an entrepreneurial city. We need a clear strategy that encourages and supports the creation of university-based incubators and accelerators in partnership with the private sector, institutions and foundations. University students in Montreal should have the opportunity to start businesses throughout their studies, with the support of and resources from their institutions. As a target, I propose to increase the number of university students involved in entrepreneurship by 50 per cent in five years, and students’ R&D investment/collaboration with entrepreneurs by 50 per cent, to complement formal entrepreneurship education. Secondly, many young entrepreneurs want to go global and do business with other cities, provinces and countries. Technology has enabled even smaller entrepreneur-led businesses to expand into global markets, which can be a powerful driver of growth. We need to devise a joint game plan on federal, provincial and municipal levels, to adopt policies and incentives that support young entrepreneurs as they assess their activities and expand into external markets. For instance, inclusion of young entrepreneurs in trade missions led by our mayor, premier and prime minister, training of diplomats and trade commissioners in the realities of young entrepreneurs, encouraging Montreal incubators to collaborate with those of other countries, and creation of co-working hubs and incubation services for early-stage exporters in diplomatic missions (to trade offices, embassies and consulates). Finally, Montreal is an open, creative and multicultural city, with a great quality of life. Let’s make our city the number 1 destination in the world to start a business! Entrepreneurs are a rare breed. We need to attract them. I suggest federal, provincial and municipal collaboration to implement long-term visas and fast clearance for entrepreneurs. A landing pad for entrepreneurs, in conjunction with university-based incubators and the private sector, is also required. On August 26, 2016, the Obama administration proposed a rule aimed at attracting thousands of the world’s best and brightest entrepreneurs, to start the next great companies in the United States. I think our federal government should be inspired by this initiative. The city of Montreal plans to release an orientation paper on its international relations in the coming months. I sincerely hope our municipal administration integrates “Montreal as an international entrepreneurship capital” into its vision. Winston Chan is an entrepreneur and former Chairman of the Federation of Young Chambers of Commerce in Quebec. Sent from my iPhone using Tapatalk
  19. Free-trade zone for Shanghai Mr Li's big idea Jul 16th 2013, 5:34 by V.V.V. | SHANGHAI IF PRESS reports are to be believed, Shanghai's dreams of surpassing Hong Kong to become the region's leading financial centre may have a powerful supporter in Beijing. According to Xinhua, the official government newswire, the ruling State Council has approved plans championed by Li Keqiang, the newish premier, for an ambitious free-trade zone in the mainland's second city. The idea has set the country's press and local wags alight with speculation about how far such an idea could go. Take the conservative view, and the project is a useful albeit limited boost to trade and regional integration. On this view, the new free-trade zone would integrate modern transportation and communications infrastructure with a tax-free framework for domestic and foreign firms. This would help boost China's efforts to become a pan-Asian supply chain hub. Allowing the free movement and warehousing of metals, for example, could also allow Shanghai to develop world-leading commodities exchanges. But if you listen to the plan's more enthusiastic boosters, this idea represents nothing less than a crucible for all of the liberal economic reforms that the new administration hopes will eventually take off across the country. Those dreaming of faster financial liberalisation say that the new zone will allow foreign banks, currently inhibited by red tape from achieving scale or much profitability, to expand rapidly and easily. Domestic banks, currently restricted in their overseas activities, are supposedly going to be allowed to experiment in the new zone with products and services currently banned at home. Technology enthusiasts are claiming that the long-standing ban on video game consoles will be lifted—if consoles are themselves manufactured in the Shanghai free-trade zone. What to make of all this? It is not yet clear what the government really intends to do. However, one problem that officials will confront is that of leakage: since innovations are sure to produce price differences inside and outside the zone, how exactly will they keep enterprising locals from finding ways to arbitrage the difference? The more ambitious the scheme, the more likely it is to fail; the more conservative it is, the less relevant it becomes. That is why the only serious and sustainable way forward for China is to liberalise the entire economy, not just a tiny sliver of it. http://www.economist.com/blogs/analects/2013/07/free-trade-zone-shanghai?fsrc=scn/fb/wl/bl/libigidea
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