Can-Con Commentary: CANADIAN DAILY DIGEST November 18, 2015

>>>>>>>>>>>>>>> The Vancouver Observer<<<<<<<<<< http://www.vancouverobserver.com
>>>>>>>>>>>>>>>>>>>>>>Rabble<<<<<<<<<<<<<<<<<<<<<<<<<<<<< http://rabble.ca/
>>>>>>>>>>>>Canadian Progressive World<<<< http://www.canadianprogressiveworld.com/
>>>>>>>>>>>>>>>>>>>BOURQUE NEWS>>><<<<<<<<<<<<<< http://www.bourque.com/
>>>>>>>>>>>>>>>>>>>>>>>The Tyee<<<<<<<<<<<<<<<<<<<<< http://thetyee.ca/News/
>>>>>>>>>>>>>>>>>iPolitics<<<<<<<<<<<<<<<<<<<<<< http://www.ipolitics.ca/tag/gaza/
>>>>>>>>>>>>>>>>>>>The CBC NEWS<<<<<<<<<<<<<<<<<<< http://www.cbc.ca/news
>>>>>>>>>>>>>>>>>>>>Huffington Post<<<<<<<<<<<<<<<< http://www.huffingtonpost.ca/
>>>>>>>>>>>>>>>>>>>>Yahoo.com<<<<<<<<<<<<<< https://ca.news.yahoo.com/canada/

TOUTES LES NOUVELLES PUBLIES DEPUIS 24 HEURES
http://fr.canoe.ca/infos/aujourdhui/

Le Centre islamique de l'imam Adil Charkaoui vandalis�Plus
        Paris: sort incertain du cerveau pr�sum� des attentatsPlus
L'EI ex�cute deux otages, son fief en Syrie sous les bombesPlus
        Les n�gociations dans une impasse, selon CoiteuxPlus
Michel Louvain devient membre de l'Ordre du CanadaPlus
        Alerte au colis suspect � Montr�alPlus
R�fugi�s: Moreau ignore si Qu�bec atteindra la cible d'OttawaPlus
        Les lib�raux accus�s d'intol�rance � l'endroit des homosexuelsPlus
Celui qui a revendiqu� les attentats de Paris est-il canadien?Plus
        Pr�paration d'acte terroriste: un Su�dois recherch�Plus

Denis Lebel devient chef adjoint du Parti conservateurPlus
        Record de chaleur pour les 10 premiers mois de 2015Plus
R�fugi�s: Labeaume remis � sa place par Pierre MoreauPlus
        Migrants: Turquie et Gr�ce mettent en place un groupe de travailPlus
L'�crasement de l'avion russe caus� par une bombe, selon l'EIPlus
        Radicalisation: centre de pr�vention inaugur� dimanchePlus
Trudeau d�plore les actes de haine et de racismePlus
        Attentats � Paris: musulman, il demande des c�linsPlus
Menace contre des Arabes: le �Joker� arr�t� � Montr�alPlus
        Conf�rence sur le climat: Obama se montre optimiste Plus

�Inacceptable� d'exiger le d�part d'Assad selon MoscouPlus
        Baie-Comeau: il meurt br�l� dans sa camionnettePlus
Assaut policier � Paris: deux morts, des policiers bless�sPlus

FOREIGN AFFAIRS & GENERAL INFO

>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<<
http://looniepolitics.com/

Hillary Clinton�s Best Asset Is Also Her Greatest Liability - Joan Walsh, The Nation

Trump or Carson? Insiders Consider the Inconceivable - Albert Hunt, Bloomberg
Bobby Jindal ends 2016 presidential campaign - Fox News

Rubio & Cruz: Not Hispanic Enough for White Liberals - Ruben Navarrette, The Daily Beast
Paris Attacks Complicate Hillary Clinton�s Alignment With Obama - Amy Chozick, New York Times

Japan relapses into recession in July-September, a blow to �Abenomics�- Reuters, Yahoo News
Germany-Holland football match called off after terror attack tip-off- Kate Connolly and Philip Oltermann, The Guardian

Tunisia says it prevented major Islamist attack this month- Reuters, The Times of India
Paris attacks: Video �shows ninth attacker�- BBC News

Dozens killed in Nigeria market bombing- Al Jazeera
France, Russia, US seek to tighten noose around IS group- France 24

>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<<
http://www.dailystar.com

Iran has begun dismantling nuclear facilities: UN watchdog
Engaging with Assad a 'lesser evil', Spain says after Paris attacks
Lavrov says pre-conditions on Assad departure 'unacceptable' for joining forces against ISIS
Germany holds special security cabinet meeting
US Muslims face backlash after Paris attacks
Obama ups pressure on China at Asia-Pacific summit
Ban on Israeli Islamist group risks backlash
Experts to tackle new plan to battle AIDS
Greece and creditors in deal to release more bailout cash
Canada to send more military trainers to Iraq: PM
Coffee-drinkers less likely to die from certain diseases

>>>>>>>>>>>>>>>GLEANED POSTS<<<<<<<<<<<<<<<
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>>>>>>>>>>>>>>> PICK OF THE DAY <<<<<<<<<<<<<<<

>>>>>>>>>>>>>>>Global Research<<<<<<<<<<<<<<<<<<<<<< http://www.globalresearch.ca/
>>>>>>>>>>>>>>>>>>The Real News<<<<<<<<<<<<<<<<<<<<<<< http://therealnews.com/t2/
>>>>>>>>>>>>>>>>>>>>>>Press TV<<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.presstv.ir/
>>>>>>>>>>>>>>>>>>>>Sputnick Newai<<<<<<<<<<<<<<<<<<<<<< http://sputniknews.com/
>>>>>>>>>>>>>>>>>>>>>>>>RT network<<<<<<<<<<<<<<<<<<<<<<<<<<<<< http://rt.com/
>>>>>>>>>>>>>>>>>>BBC News<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.bbc.com/news/
>>>>>>>>>>>>>>>Reader Supported News<<<<<<<<<<<<<<< http://readersupportednews.org/
>>>>>>>>>>>>>>>>>Activist Post<<<<<<<<<<<<<<<<<<<<<<<<< http://www.activistpost.com
>>>>>>>>>>>>>>>>>Consortium News<<<<<<<<<<<<<<<<<<<<< http://consortiumnews.com/
>>>>>>>>>>>>>>>>Common Dreams<<<<<<<<<<<<<<<<<<< http://www.commondreams.org/
>>>>>>>>>>>>>>>>>>>>The European Union Times - <<<<<<<<<<<<< http://www.eutimes.net/
>>>>>>>>>>>>>>>>>>THE KYIV POST<<<<<<<<<<<<<<<<<<<<<< https://www.kyivpost.com/
>>>>>>>>>>>>>>>>>>>4th Media<<<<<<<<<<<<<<<<<<<<<<<<<<< http://www.4thmedia.org/
>>>>>>>>>>>>>>>>>BrasscheckTV Report<<<<<<<<<<<<<<<<< http://www.brasschecktv.com/
>>>>>>>>>>>>>>> ICH. <<<<<<<<<<<<<<<<<<<<<< http://www.informationclearinghouse.info/

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From: Larry Kazdan
Subject: Letter to Editor re: How the Liberals can pay for their platform: Goar , Nov. 18
To: lettertoed@thestar.ca
Cc: cgoar@thestar.ca

Re: How the Liberals can pay for their platform: Goar , Nov. 18

http://www.thestar.com/opinion/commentary/2015/11/18/how-the-liberals-can-pay-for-their-platform-goar.html

In the United Kingdom, the previous head of the British Financial Services Authority Lord Turner has begun advocating "monetary financing", that is, funding government deficits by simply creating money through the central bank and then spending it. In a time of stagnation, this may be superior to balancing the budget through taxing, since the effect of taxation is contractionary, which counters the intent of stimulating the economy.

For those who shudder at the fear of looming hyperinflation, please remember that most money is created by banks through the process of loans, and any subsequent spending carries the exact same inflation risks as government disbursements. Provided the economy has unused capacity and unused resources that can be mobilized (as for example unemployment), the risk of inflation is very low whatever the source of funds.

As long as the economy is under-performing, the government can inject money into infrastructure and services. There is no need to balance the federal budget, since unlike a business or a province, the federal government can always create money without the need to tax or borrow. The balanced budget rules are residuals from the days of the gold standard, when national governments could run out of gold. But the world has been off the gold standard for some 40 years. It's time for economists to update their texts, and politicians their talking points.

Larry Kazdan,

Footnotes:

1. Overt Monetary Financing (OMF)

Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia.

http://bilbo.economicoutlook.net/blog/?p=31487

OMF simply means that in some form or another, the treasury arm of government tells the central bank it wants to spend a particular amount and the latter then ensures those funds are available for use in the government�s bank account.

2. Overt Monetary Financing � again

http://bilbo.economicoutlook.net/blog/?p=32361

From Adair Turner: The Case for Monetary Finance � An Essentially Political Issue

Monetary finance of increased fiscal deficit will always stimulate aggregate

nominal demand: in some circumstances it will be a more certain and/or less

risky way to achieve that stimulation than any alternative policy lever: and the scale of stimulus can be

appropriately calibrated and controlled � there is no knife edge nonlinearity which makes dangerously high inflation inevitable.

3. Our Sovereign Fiat Currency System and Our Inability to Involuntarily Run out of Money

http://www.correntewire.com/myths_scares_lies_and_deadly_innocent_frauds_updated_part_one

In 1971 the Nixon administration abandoned the gold standard and adopted a fiat monetary system, substantially altering what looked like the same currency. Under a fiat monetary system, money is an accepted medium of exchange only because the government requires it for tax payments. Government fiat money necessarily means that federal spending need not be based on revenue. The federal government has no more money at its disposal when the federal budget is in surplus, than when the budget is in deficit. Total federal expense is whatever the federal government chooses it to be. There is no inherent financial limit. The amount of federal spending, taxing and borrowing influence inflation, interest rates, capital formation, and other real economic phenomena, but the amount of money available to the federal government is independent of tax revenues and independent of federal debt.

===================================
From: Bill Woollam <templelife@hotmail.com>
Subject: Editor: Paris Attacks and US arming of ISIS

I don't expect you to put your career on the line by printing this material. However, you may wish to peruse the collected material on your own time.
I compiled plenty of evidence to raise doubts about the 'official story' being given us regarding the recent terrorism in Paris.

Paris Attacks and US arming of ISIS http://www.blissful-wisdom.com/paris-attacks-and-us-arming-of-isis.html

===================================

Can-Con Commentary

Wednesday 18 November 2015

CANADIAN DAILY DIGEST November 18, 2015

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Mike Duffy trial: Harper�s gone, but Senate scandal lingers

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