Posted October 13, 2017

Some Companies Get Subsidies, Others Get Regulatory Fog

Some companies get subsidies offered by communities eager to host them. Others don’t want payoffs. They just want permission to make their contribution to the economy.

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The budget presented just before the election call this spring was understandably full of promises of good things, and carried no hint of the tough choices to be addressed.

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The troubles at the IWK Health Centre have prompted a feeding frenzy by commentators and opposition politicians. The fundamental issue is not the small amount of money involved but rather the performance of the board.

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The energy from Muskrat Falls is not going to be available until at least 2020. But the transmission lines are all built at a cost exceeding $1.5 billion. You are going to pay the interest on that debt while we wait.

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Health is a leading area of importance to voters, but politicians are experts neither in healthcare nor in organizational design. So political interference usually does more harm than good.

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