January Michael Cox and Richard Alm calculate how much of the average worker’s productive day must be set aside to make a particular purchase, and then they compare the results with the hours past generations had to put in.
Winnipeg’s civic election warmed up last week when mayoral candidates Glen Murray and Peter Kaufmann duked it out over Winnipeg Hydro. Kaufmann would sell it to Manitoba Hydro while Murray would keep the utility, invest $235 million in it, and use the profits to help cut property taxes.
Phoenix spawned the competitive model, which Indianapolis adapted, the model that proces that competitive framework can liberate city workers from oppressive bureaucratic thinking and structures, enabling them to produce high-quality services at falling prices.
Since “non-urgent” waiting lists for such marvels in our country are long and arguably dangerous — four to five months for a MRI, six months for a CT scan, and eight months to a year for an ultrasound — it is no surprise that a clinic was constructed in Grafton, North Dakota so quickly.
With the growing turmoil in world currency markets, our dollar is plummeting like a rock. Last week the Loonie sank to its lowest rate since 1858, below 64 cents, despite a one percent interest rate hike by the Bank of Canada.
Japan’s swift fall from economic glory has mystified more than a few. Looked at it from one perspective, though, it makes a lot of sense.
Suppose we broke out of the box and tried something new?