TORONTO (Reuters) - Canada posted a slightly narrower trade deficit in October as both exports and imports climbed, Statistics Canada said, data that could support the Bank of Canada’s greater confidence in the outlook for economic growth. FILE PHOTO: Ships are seen docked in the St. John's Harbour in St John's, Newfoundland and Labrador, Canada, October 17, 2018. REUTERS/Chris Wattie Canada posted a trade deficit of C$1.08 billion ($0.82 billion) in October, less than the C$1.37 billion deficit that analysts had forecast. The September deficit was revised upward to C$1.23 billion. Exports rose by 0.8% to C$49.9 billion, while imports were up by 0.5%. “Trade remains sturdy and unlikely to add or subtract meaningfully from Q4 growth,” Robert Kavcic, a senior economist at BMO Capital Markets, said in a note. “There’s little here to alter this week’s Bank of Canada tone, which has shown increasing disinterest in cutting rates.” On … [Read more...] about Canada’s trade deficit narrows in October as both exports and imports rise
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Asexuality poses a challenge to some of our most fundamental beliefs about humans and their feelings. Yet, on this topic, we are mostly ignoramuses. Many Americans regard the prevailing assumptions about sex and sexuality as universal. They don't appreciate the ways that these ideas have changed over the course of history. Even within the scientific community, the study of asexuality as an orientation is starkly underdeveloped. Recently, I asked for suggestions for updates for the 40th anniversary edition of that classic book, Our Bodies, Ourselves. Kris suggested a new section on asexuality, and pointed readers to asexuality.org, the Asexual Visibility and Education Network. I checked it out - it is a terrific resource - and also started searching for academic papers. The first thing I learned is that there is a startlingly small number of serious studies of asexuality. Type "asexual" into a database such as PsycInfo, and what spills out are mostly discussions of whether old people … [Read more...] about ASEXUALS: Who Are They and Why Are They Important?
George Osborne has published a 200-page Treasury document setting out the dangers of quitting the EU. Opponents claim this is the latest example of “Project Fear” - the campaign to stoke up the risk of Brexit . The Treasury analysis covers everything from the impact on household income, the dangers to business and the harm to our economy. Mr Osborne says that if we leave the UK will be “permanently poorer” and our car industry, agriculture and financial services will all suffer. Exports would be more expensive, public services would be hit and the poorest the worst affected, the Chancellor says. The Leave campaign says the claims are “completely absurd.” Here are the main warnings included in the Treasury paper: 1 We will all be worse off The Treasury says that if try to negotiate a trade deal with the EU similar to the bilateral agreement with Canada then our GDP will be 6.2% lower and we would lose £36billion in tax receipts by 2030. The … [Read more...] about The six scariest Brexit warnings in George Osborne’s ‘Project Fear’ report
NEW YORK (Reuters) - U.S. Senator Elizabeth Warren has carried the idea of a wealth tax onto the center stage of American politics, but the roots were planted far away, in a young French economist’s work unraveling the flow of money through global tax havens. The more Gabriel Zucman understood about capital being hidden in places like the Cayman Islands, the more he became convinced the run-up in U.S. wealth inequality was no accident. And beyond a point, it puts the economy at risk, he and fellow University of California Berkeley professor Emmanuel Saez argue. Too much in the hands of too few threatens to stymie economic growth, starve public health and education systems of funds, and leave the middle class pinched with debt, and less able to consume and save. To which the Massachusetts Democrat might add: Sound familiar? “What we don’t know,” Zucman said in a recent interview with Reuters, “is the point past which inequality becomes really bad” … [Read more...] about A pricey French import goes mainstream in Democratic primary
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinishedNITI Aayog’s first vice-chairman and noted economist Arvind Panagariya on Tuesday decided to relinquish his post to pursue academic interests less than three-years after he was appointed. The sudden announcement sparked off speculation that all was not well with his relationship with the Prime Minister's Office ( PMO). However, Panagariya denied the rumours of feeling 'suffocated' and said that he enjoyed the most cordial relationship with the PMO. In the last two years and eight months, Panagariya attempted pushing through many reforms, some of which were well accepted while others couldn’t get the government nod. Here is a laundry list of reforms that the vice-chairman accomplished during his tenure and those that he could not push through. Panagariya’s achievements Initiated the move for privatisation of Air India: India’s national carrier had been a white … [Read more...] about Arvind Panagariya’s hits & misses as vice-chairman of NITI Aayog
Theresa May said her decision to meet Vladimir Putin did not mean a return to "business as usual" with Russia. The Prime Minister stepped up demands for the Salisbury attack suspects to face justice as she prepared to meet the Russian premier. Theresa May said she will make her position on the two Russian intelligence agents believed to be responsible for the nerve agent attack in Salisbury "absolutely clear" to Mr Putin when they meet in the margins of the G20 summit in Osaka. The Russian president dismissed the Salisbury incident as "fuss about spies and counter-spies" that was "not worth serious interstate relations" and said "traitors must be punished". The UK believes Moscow's GRU military intelligence agency was behind the Salisbury attack on former double agent Sergei Skripal and his daughter Yulia. Both survived the poison in Salisbury but in July 2018 Dawn Sturgess died after coming into contact with Novichok which is believed to have been in a perfume … [Read more...] about Theresa May says it’s not ‘business as usual’ with Russia ahead of Putin meeting