Logic

Economic growth tops the priority list for Canadian policymakers — here’s why

Retrieved on: 
Thursday, April 25, 2024

The real GDP growth forecast for 2024 is 0.7 per cent.

Key Points: 
  • The real GDP growth forecast for 2024 is 0.7 per cent.
  • While the Canadian economy is not growing as rapidly as the United States, he argued, few are.
  • In our recent book, Fiscal Choices: Canada After the Pandemic, we explain why Canada’s anemic growth rate is worrying and why politicians and their advisors believe, almost unanimously, that economic growth is a policy imperative.
  • Similarly, transfers to other governments — the Canada Health Transfer and Equalization payments, for example — are legal requirements.
  • Reductions in spending or increases in taxes are austerity measures and austerity has so far produced limited, if any, payoffs in terms of economic growth.

Interest rates are outpacing growth rates

  • When growth is strong and interest rates are low, debt is manageable.
  • As long as the social rate of return from government spending is greater than the real interest rate, fiscal deficits help maintain output at potential.
  • But right now, interest rates are higher than growth rates.
  • At the time, interest payments on the debt consumed 7.04 per cent of the federal budget.
  • In 2023, by contrast, the interest rate on bonds had climbed to 3.3 per cent and growth had declined to 1.1 per cent nationally.

Government review processes

  • In the 2022 budget, the federal government announced a review of programs to realize savings in the order of $6 billion over five years.
  • The 2023 budget and the 2023 Fall Economic Statement doubled down on this initiative, requiring savings in the order of $15.8 billion.
  • With the exception of the review process undertaken by the federal government under Jean Chrétien in 1994, program reviews have yielded very little in long term savings.

Economic progress

  • There is nothing wrong with reviewing our assumptions about what economic progress looks like and who benefits from a bigger economy.
  • But we also need economic growth — not just so we can consume more, or generate more revenue for governments, but so we can take better care of one another.
  • Improved productivity, in both the public and private sectors, is another way of saying more sustainable economic growth.


Michael M. Atkinson receives funding from the Social Sciences and Humanities Research Council of Canada. Haizhen Mou receives funding from the Social Sciences and Humanities Research Council of Canada.

The Trial of Vladimir Putin: Geoffrey Robertson rehearses the scenarios

Retrieved on: 
Thursday, April 18, 2024

In The Trial of Vladimir Putin, barrister Geoffrey Robertson answers that question by dramatising what might happen within the walls of a future courtroom.

Key Points: 
  • In The Trial of Vladimir Putin, barrister Geoffrey Robertson answers that question by dramatising what might happen within the walls of a future courtroom.
  • The question of whether Putin is guilty of aggression is fairly straightforward.
  • Evidence would be needed that he is responsible in his role as a commander for actions carried out by subordinates.
  • Instead, a special aggression tribunal would have to be established in the tradition of the trials of Nazis at Nuremberg.
  • It is not pure fiction; it is speculation informed by Robertson’s experience.
  • The details he imagines will bring these potential future trials to life for readers who are less familiar than he is with the inside of a courtroom.
  • Does Robertson really need to tell us three times that any judgements should be uploaded to the internet?

Rhetorical devices

  • Whether Putin should be tried even if absent is a hard question because there are arguments on both sides.
  • Instead, he uses rhetorical tools such as hyperbole: if “international law is to have any meaning”, he writes, then a trial in the defendant’s absence “must be acceptable”.
  • Robertson criticises this with the remark that it “entitles a man who has given orders to kill thousands to stand back and laugh”.
  • It is that he gives the impression that the complexities do not exist.
  • Dismissive language is a more general feature of his writing style.
  • The implication is that Robertson is atypical among lawyers, someone who will sweep aside conventions and assumptions.
  • Read more:
    An inside look at the dangerous, painstaking work of collecting evidence of suspected war crimes in Ukraine

The United Nations

  • One of the bolder elements in the book is what Robertson says about the United Nations.
  • One of them is that the Security Council could authorise, say, the United States to take military action against another nuclear-armed major power: is that outcome “obviously right”?
  • The same logic might be used to justify expelling the United States, Britain and Australia, which were accused of unlawfully invading Iraq in 2003.
  • Robertson compares the UN unfavourably with its predecessor, the League of Nations, which “expelled the USSR for attacking Finland”.


Rowan Nicholson does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Is home bias biased? New evidence from the investment fund sector

Retrieved on: 
Thursday, April 18, 2024
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Key Points: 

    GigaDevice Showcases Cutting-Edge Industry Solutions at Embedded World 2024

    Retrieved on: 
    Tuesday, April 9, 2024

    NUREMBERG, Germany, April 09, 2024 (GLOBE NEWSWIRE) -- GigaDevice , a leading semiconductor company specializing in Flash Memory , 32-bit Microcontrollers (MCUs) , Sensors , and Power Management technologies , is poised to showcase its comprehensive product lineup at the Embedded World 2024 event held in Nuremberg, Germany from April 9th to 11th.

    Key Points: 
    • NUREMBERG, Germany, April 09, 2024 (GLOBE NEWSWIRE) -- GigaDevice , a leading semiconductor company specializing in Flash Memory , 32-bit Microcontrollers (MCUs) , Sensors , and Power Management technologies , is poised to showcase its comprehensive product lineup at the Embedded World 2024 event held in Nuremberg, Germany from April 9th to 11th.
    • They offer a comprehensive software and hardware security solution to meet the industrial markets’ demand for high reliability and security applications.
    • We are thrilled to highlight our GD32 collaborative efforts with industry partners, such as QT , Embedded Wizard , and Sensory .
    • Come and visit GigaDevice at Hall 5-129 in person, and join our conference presentations:

    AMD Extends Leadership Adaptive SoC Portfolio with New Versal Series Gen 2 Devices Delivering End-to-End Acceleration for AI-Driven Embedded Systems

    Retrieved on: 
    Tuesday, April 9, 2024

    NUREMBERG, Germany, April 09, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the expansion of the AMD Versal™ adaptive system on chip (SoC) portfolio with the new Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI inference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems.

    Key Points: 
    • NUREMBERG, Germany, April 09, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the expansion of the AMD Versal™ adaptive system on chip (SoC) portfolio with the new Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI inference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems.
    • The AMD Versal Prime Series Gen 2 provides end-to-end acceleration for traditional, non-AI-based embedded systems by combining programmable logic for sensor processing with high-performance embedded Arm CPUs.
    • The Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 portfolios provide scalability from edge sensors to centralized compute for AI-driven systems.
    • Designers can get started with AMD Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 early access documentation and first-generation Versal evaluation kits and design tools available today.

    C.K. McWhorter Grants René Magritte with Prestigious McWhorter Family Trust Warrant of Artistic Excellence

    Retrieved on: 
    Monday, April 8, 2024

    GENEVA, April 08, 2024 (GLOBE NEWSWIRE) -- McWhorter Family Trust honors René Magritte, the Belgian surrealist artist, with the Warrant of Artistic Excellence.

    Key Points: 
    • GENEVA, April 08, 2024 (GLOBE NEWSWIRE) -- McWhorter Family Trust honors René Magritte, the Belgian surrealist artist, with the Warrant of Artistic Excellence.
    • René Magritte, born in Lessines, Belgium, in 1898, became one of surrealism's most enigmatic figures.
    • His art challenges observers' perceptions, merging the ordinary with the extraordinary to create a reality beyond the visible.
    • McWhorter and the McWhorter Family Trust reaffirm their dedication to preserving and promoting the arts.

    Caribou Biosciences Expands Clinical Development of CB-010 with FDA Clearance of IND in Lupus

    Retrieved on: 
    Thursday, April 4, 2024

    BERKELEY, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Caribou Biosciences, Inc. (Nasdaq: CRBU), a leading clinical-stage CRISPR genome-editing biopharmaceutical company, today announced that it received clearance of its Investigational New Drug (IND) application from the U.S. Food and Drug Administration (FDA) for CB-010, an allogeneic anti-CD19 CAR-T cell therapy with a PD-1 knockout (KO), for the treatment of lupus nephritis (LN) and extrarenal lupus (ERL). The Phase 1, multicenter, open label GALLOP clinical trial of CB-010 in patients with LN and ERL is expected to initiate by year-end 2024.

    Key Points: 
    • The Phase 1, multicenter, open label GALLOP clinical trial of CB-010 in patients with LN and ERL is expected to initiate by year-end 2024.
    • CB-010 targets CD19, a protein on the surface of B cells, and has a PD-1 knockout (KO) that reduces CAR-T cell exhaustion.
    • CB-010 holds the potential for deep depletion of disease-causing B cells which could reset the immune system, leading to sustained drug-free remission.
    • Instead, the chRDNA technology allows for precise insertion of the CAR at an intended location within the T cell genome.

    Fastest Growing Pet Food Segment Reflects Consumer Interest in Health, Wellness

    Retrieved on: 
    Monday, April 1, 2024

    Sales growth among the pet food category segments demonstrates consumers’ willingness to pay a premium for pet foods perceived as providing specific health benefits.

    Key Points: 
    • Sales growth among the pet food category segments demonstrates consumers’ willingness to pay a premium for pet foods perceived as providing specific health benefits.
    • Continued growth in the fresh pet food segment is expected to usher in new market entrants and may create opportunities for new ingredient suppliers.
    • Consumer research firm Mintel found that more than half of U.S. pet food buyers perceive freshly prepared foods to be healthy, and 79% are willing to pay more for healthier pet food products.
    • Roberts said the market potential for pet food and ancillary pet products shows signs of expanding even beyond its considerable growth of recent years.

    Intesa Sanpaolo: €120 billion plan by 2026 for SMEs, service sector, agri-food, tourism

    Retrieved on: 
    Tuesday, March 26, 2024

    MILAN, Italy, March 26, 2024 (GLOBE NEWSWIRE) -- Intesa Sanpaolo has launched a new programme: 'Your Future is Our Business' (‘Il tuo future è la nostra impresa’).

    Key Points: 
    • MILAN, Italy, March 26, 2024 (GLOBE NEWSWIRE) -- Intesa Sanpaolo has launched a new programme: 'Your Future is Our Business' (‘Il tuo future è la nostra impresa’).
    • The programme makes available €120 billion by 2026, "to support the projects of SMEs and smaller companies, the vital system of Italian entrepreneurship and supply chains at the local level."
    • In its new programme 'Your Future is Our Business', the banking group focuses on three main directions: transition 5.0 and energy; growth in foreign markets; digital development and cybersecurity.
    • Also present at the presentation of 'Your Future is Our Business' were the companies.

    Sacra Falling of Myrd: The First Completely Decentralized RPG Game Tops 2024 Ratings Announces Beta 3.0 Release

    Retrieved on: 
    Tuesday, March 26, 2024

    DUBAI, UAE, March 26, 2024 (GLOBE NEWSWIRE) -- The Sacra team announces the highly anticipated release of Beta 3.0 Sacra: Falling of Myrd .

    Key Points: 
    • DUBAI, UAE, March 26, 2024 (GLOBE NEWSWIRE) -- The Sacra team announces the highly anticipated release of Beta 3.0 Sacra: Falling of Myrd .
    • Sacra, as the world's first decentralized RPG game, showcases real user-confirmed value and a stable financial model, illustrating the transformative potential of DeFi in the gaming industry.
    • Sacra is the first game where there are no servers or other infrastructure elements other than your browser client and the blockchain network.
    • In Sacra Beta 3.0 , players will immerse themselves in a polished version of the game that closely mirrors the final product.