Informed Digest: Debt Sentence, G20 Justice, Wealth Gap, SuPremos…

Keeping up & in the know…

Niagara At Large: Niagara, Ontario Resident—Arrested At Toronto G20 For No Bloody Reason Unearthed To This Date—Still Seeking Justice

“Now, four years later, John Pruyn is going back to Toronto in a continued call for justice, not only for himself, but for so many others that riot police in the command of the federal government and Toronto Police Chief Bill Blair detained for reasons that still have no known justification around anything to do in a supposedly advanced democracy like Canada.

Indeed, one of those officers (one of the many who did not have the mere guts to wear a badge) was caught on camera saying to some young person simply wanting to continue down a street in Toronto, ‘You aren’t in Canada now,’ meaning, quite obviously, that everything our forefathers fought for on the shores of Normandy beaches during the Second World War, doesn’t mean much.

It only means that for Harper, Rick Dykstra, Rob Nicholson and the rest of the Tea Party-like bunch Harper was hosting around the G20 at the time. The rest of us could go to hell!”

-Doug Draper

Behind the Numbers: Should an Ontario University Degree Be a Debt Sentence?

“Students attending a post secondary institution in Ontario in the 1972-73 school year would have had to work 359 hours at a minimum wage job to pay for their tuition—that’s less than 9 weeks. That left students with a few weeks to earn money to pay for living expenses and incidentals during the school year.

In contrast, by 2013-14, students in Ontario had to work 708 hours at a minimum wage job just to pay tuition.

That means that students have to work the entire summer (18 weeks of full-time work) just to pay tuition. In other words, at minimum wage they can’t possibly earn enough to pay for food, rent, books or extracurricular activities, let alone earning enough money to pay for living expenses they may need to incur while they are working during the summer.”

-Kaylie Tiessen

Canada.com: Young Canadians Confident About Financial Future, Despite Having Every Reason Not To Be

“Housing prices have skyrocketed, university costs are up, wages are poor, and retirement is harder to achieve than ever. But ask Generations X and Y about their financial future and these young Canadians remain beacons of confidence.

A new report from BMO Wealth Institute finds optimism runs deep with both demographic groups, despite market conditions that would suggest otherwise. Analysts call it ‘misguided,’ cautioning that the under-50 crowd’s current outlook could mean a rude awakening in the coming years.”

-Misty Harris

Hennessy’s Index: Middle-Class Angst

Outrageous fortune: Canada's wealth gap — via the CCPA

Click to enlarge

“47: Percentage of Canadians who self-identify as middle class. That’s down from almost 70 percent in 2002.

[…]

59: Percentage increase in the number of Canadians who were working for the minimum wage in 2012 compared to 2006. That’s a large increase and it doesn’t appear to be going down post-recession.

[…]

165: Percentage of Canadians’ household incomes that was taken up by household debt in 2012. That amount of household debt is worse than in the US or UK.

105: Percentage of Canadians’ household income that was taken up by mortgage debt in 2012. That’s a big increase from 82 percent in 2006. Canada’s mortgage debt is rising while Americans’ is dropping.”

-Trish Hennessy

Democracy Watch: StopTheSuPremos.ca Summer Blockbuster Opening Across Canada

“The SuPremos are a loosely connected band of powerful people. Many of them (known as the ‘Premiers’) control a network of supporters in a province called either MLAs or MPPs or MNAs, and one national member (known as the Prime Minister or ‘PM’) controls two groups of supporters that come from all parts of Canada, one called ‘MPs,’ and the others called the ‘Senators.’

Almost all of them have enormous power even though only a minority of voters support them (and even many of the voters who support them are concerned about their abuses of power).

[…]

Already in Canada there are examples of how the SuPremos powers can be restricted. In parts of the north known as Nunavut territory and the Northwest Territories, the Premiers’ clubs have been broken up (there are no political parties in those two territories) and they can’t impose decisions on their supporters (the legislatures in those two territories make decisions by consensus).

[…]

Some of the Opposition leaders have promised to act differently if they win power and become a SuPremo – but none of them have promised to change the Constitution or any laws to ensure they can’t abuse their SuPremo power.”

Huffington Post: ‘Disturbingly High’ Number of Execs Believe Corruption Widespread in Canada

“About 12 percent of Canadian executives said their organization had experienced a ‘significant fraud’ in the last two years.

[…]

The good news is that high profile cases of enforcement by Canadian authorities has raised awareness of bribery and corruption in Canada.

[…]

A further disconcerting figure from the study is that 74 percent of global businesses said they did not disclose a public breach of security, so consumers may not even know when their data has been hacked.”

 

-Sunny Freeman

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