Smart Links 12 May 2012
Commentary on Greece exiting the Euro, economic smoke and mirrors, taxing churches, and shifting choice in Canada`s immigration strategy.
Financial Times -- Greece is falling out of Europe
The people of Greece have rejected austerity.
Economist -- Europe’s Achilles heel
Amid growing risk of a Greek exit, the euro zone has yet to face up to the task of saving the single currency itself.
The real reasons behind the malaise in the economy.
Foreign Affairs -- The True Lessons of the Recession
According to the conventional interpretation of the global economic recession, growth has ground to a halt in the West because demand has collapsed, a casualty of the massive amount of debt accumulated before the crisis. Households and countries are not spending because they can't borrow the funds to do so, and the best way to revive growth, the argument goes, is to find ways to get the money flowing again.
London Review of Books -- Forgive us our debts
Most analysts divide postwar capitalism into two periods. The first extends from the late 1940s into the 1970s.
Time to tax?
Independent -- Diary: Chancellor in ungodly row over stealth tax on churches
Amid the furore about the granny tax, the tax breaks for the rich, and VAT on pasties the church tax concealed in George Osborne's Budget has been rather overlooked.
Letting companies help choose who comes to Canada.
Globe and Mail -- Let the job market choose our immigrants
Since the early 1980s, Canada’s immigration selection policies have focused on the principal applicant’s highest educational achievements and language skills, explicitly to ensure that immigrants would be suitable for employment and economically successful once they arrived.
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