Economy
ECONOMICS
11h ago
What marijuana reclassification means for the United States
Jennifer Peltz and Lindsay Whitehurst, The Associated Press
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The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognize the medical uses of cannabis, but wouldn’t legalize it for recreational use.
The proposal would move marijuana from the “Schedule I” group to the less tightly regulated “Schedule III.”
So what does that mean, and what are the implications?
What has actually changed? What happens next?
Technically, nothing yet. The proposal must be reviewe
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Read MoreDissatisfaction is growing in Slovenia because the Ljubljana government thinks the solution to the problems caused by foreigners is to legalize illegal migration, former Slovenian Prime Minister Janez Janša told Hungarian news outlet Magyar Hírlap at the CPAC Hungary 2024 conference.
“The latest figures show that the proportion of migrants has increased several times compared to the previous period. Robert Golob, Slovenia’s left-wing prime minister, has invited migrants, saying the solution to illegal migration is to make it legal. Migration centers are full, and this is the result of this policy. Of course, the population does not like it,” Janša said.
He added that migration has not yet become a critical social issue only because the government is hiding its true magnitude:
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French industrial companies involved in the manufacture of Aster anti-aircraft and anti-ballistic missiles will have to prioritize the production of these weapons’ components over other orders, announced the French Armed Forces Ministry.
“For the first time, we have mobilized administrative police powers, which allows the prioritization of a certain number of subcontractors, where civilian orders must now take second place to military orders in order to give priority to the Aster range,” Minister of the Armed Forces Sébastien Lecornu said in Calvi, during a meeting with his Italian counterpart Guido Crosetto.
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Read MoreCanadians will have to wait for interest rates to come down, despite the country heading in the right direction in the battle against inflation, according to Bank of Canada Governor Tiff Macklem.
Mr. Macklem told a Senate committee that inflation was 2.9 percent in March – still higher than the target of two percent – and although it’s heading in the right direction, he cautioned against cutting the interest rate too soon. The Bank of Canada’s trend-setting interest rate is currently at 5 percent.
“We don’t want to leave monetary policy this restrictive for lon
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Read MoreBank of Canada governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others.
Mr. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. on April 19.
“We’ve all been reso
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Read MoreSo why don’t our public health officials seem interested?
It could be one of the most important lessons learned for the next pandemic. And it should make international headlines.
But it seems like those who made the mistakes during Covid aren’t very interested.
The Amish population that largely rejected public health recommendations fared no worse in terms of health impact than the rest of the country that masked, isolated, and vaccinated. That’s according to available data and a federally-funded study that attempted to evaluate the Amish approach.
These findings imply the US could have avoided experimental vaccines that have serious side effects; and circumvented costly shutdowns that devastated the economy, travel, businesses, mental health, and education at the expense of trillions of US tax dollars.
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Read MoreOTTAWA — Immigration Minister Marc Miller says international students will be able to work off-campus up to 24 hours per week starting in September.
The Liberals temporarily waved the 20-hour cap on work hours for international students during the COVID-19 pandemic in a bid to ease labour shortages.
That waiver expires tomorrow.
The work hours limit will return to 20 hours per week until September when the government can implement a permanent change to make it 24 hours.
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Read MoreCabinet effective today is repealing a regulation that allowed 982,880 foreign students to work full-time hours in Canada. Immigration Minister Marc Miller’s department has not commented on data suggesting it cost Canadians jobs.
“The policy expires today and it won’t be renewed,” said Miller. “The idea behind the international student program is to study, not to work.”
Effective today foreign students are limited to 20 hours per week in the workforce. The limit will be extended to 24 hours in September. “Three shifts of eight hours seems reasonable,” said Minister Miller.
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Read MoreLiberal and New Democrat MPs yesterday rejected investigations of the hiring of foreign workers by taxpayer-subsidized electric vehicle battery plants. One union petitioned cabinet to force automakers that receive federal aid to hire Canadians.
“They are still seeing foreign workers employed over Canadian workers,” Conservative MP Ryan Willians (Bay of Quinte, Ont.) told the Commons industry committee. “For $15 billion Canadians should have been put front and centre.”
Canada’s Building Trades Union on April 26 petitioned cabinet to ensure the hiring of Canadians at a subsidized Stellantis and LG Energy battery plant in Windsor, Ont. “Stellantis and LG are persisting in using subcontractors who are employing international workers for tasks we’re equipped to perform,” said the petition. “Currently more than 100 local skilled tradespeople are
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Read MoreThe study found the number of Canadians living abroad relative to the national population was five times higher than the U.S.
A new report lends insight into Canadians who leave the country, estimated to number around four million in 2016, or about 11 per cent of the population according to Statistics Canada.
Canada has trouble retaining new citizens, with onward migration showing an increase by 31 per cent between 2017 and 2019, according to the report published by McGill Institute for the Study of Canada on Monday.
The number of naturalized Canadians deciding to leave Canada within “four to seven years of arrival” is partly due to the lack of affordability, it says.
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