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Healthcare Spending and First Quarter GDP

Well, it happens that there’s a country just north of us that had about as bad a winter as the U.S. That’s Canada, where first quarter GDP grew 2.2%. This growth occurred despite a contraction in gross investment (-1.6%) and a huge drawdown in business inventories of -$495 million (Canadian dollars, of course). Somehow, even faced with harsh winter conditions, those intrepid Canadian consumers managed to increase spending by 2.6%. Perhaps Amazon.com and Google shopping are easier to use north of the border. Continue Reading →

How to Stop Development of the Canadian Tar Sands

When environmentalists discuss the proposed Keystone XL pipeline project, they often state that their real goal is to prevent Canada from developing the tar sands. Unless and until Canada becomes our 51st state, I have bad news for these folks: Canada is a sovereign nation. They have a government that is separate from the U.S. But, in the spirit of education, I offer a small video clip that will show them how to stop development of the Canadian tar sands. Continue Reading →