Economics

Six days you shall labour and do all your work….” – Exodus 20:9

Our labour, and how we spend our finances, can function as an important part of fulfilling our cultural mandate. In Genesis 1 God commanded us to develop the earth and rule over it. We work to glorify God – not just to put food on the table. Our work, finances, and all material possessions come from God and are meant to be directed towards Him.

 
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10 Sep 2008 Are Canada’s politicians talking about what Canadians want to hear?

eReview #50 - By Dave Quist, Executive Director, Institute of Marriage and Family CanadaSo it begins. Canadians are now in the midst of a federal election. Over the next 35 days, we will be inundated with information—email, “demon-dialers”, TV, radio, newspapers, even at the front door of our homes. It won’t end until voting day, Tuesday, October 14. For some of us, it will be policy wonk heaven – debates, policy announcements and political rhetoric every day. For others, it will be the longest five weeks imaginable.If pundits are correct, we are going to hear a lot about leadership, economic indicators, the environment, jobs and healthcare. These are important issues. However, there are several other topics that should also be part of public discourse. This is true whether they receive any serious consideration this election cycle or not. Here are some of the issues that we would like to see discussed during this federal campaign and subsequently, the 40th Parliament:
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09 Sep 2008 Dion pledges to return, bolster axed court-challenges program

ARPA Note> This is the program that was used to successfully challenge the definition of marriage and advance the homosexual political cause.CBC News Online: Sept 9, 2008Liberal Leader Stéphane Dion pledged Tuesday to restore funding for the federal court-challenges program if elected prime minister, and to double it, saying its cancellation by the Conservatives was "damaging the fabric of our society." The program set aside $3 million a year to pay the legal fees of groups that wanted to challenge government decisions that affected their rights as guaranteed by...

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15 Aug 2008 Conservatives may slash 50 million in cultural funding

Adam McDowell, National Post, August 14, 2008The country's arts sector fears the Conservatives are prepared to slash $50-million in cultural funding after discovering new cuts to federal arts programs. It has been revealed that three programs benefiting the film, television and music industries, totalling $4.3-million, will end as of next March. These join PromArt and Trade­Routes ($4.7-million and $9-million respectively), travel subsidy programs whose demise has been reported over the past week. Read more here...

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13 Jun 2008 Save $1 Billion and 800 Lives: CAMH’s “Avoidable Costs of Alcohol Abuse in Canada 2002” Study released

Centre for Addiction and Mental Health: For Immediate Release – June 11, 2008 (TORONTO): The economic burden of alcohol abuse costs each Canadian $463 per year. In fact, the direct health care costs for alcohol abuse in Canada exceed those of cancer.Released today by the Centre for Addiction and Mental Health (CAMH), the Avoidable Cost of Alcohol Abuse in Canada 2002 report estimates that, even under very conservative assumptions,implementing six reviewed interventions would result in cost savings of about $1 billion per year and a savings of about 800 lives, close to 26,000 years of life lost to premature death and more than 88,000 acute care hospital days in Canada per year. This pioneering study is Canada’s first systematic estimate of the avoidable costs of alcohol abuse, and the first study of its kind worldwide.
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12 May 2008 Who is Helping the Poor?

FOX News - May 9, 2008 - By George RussellA Gulf in Giving: Oil-Rich States Starve the World Food ProgramUnited Nations Secretary-General Ban Ki-moon and his top lieutenants on Monday are convening the first meeting of the U.N.'s Task Force on the Global Food Crisis. Ban says it will "study the root causes of the crisis," and propose solutions for "coordinated global action" at a summit of world leaders in June.Ban might want to consider convincing the oil-rich nations of the Middle East to provide more than the near-invisible amount...

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06 May 2008 StatsCan omissions stir class war

Income redistribution by our tax and welfare systems ignored in earnings report With permission from Lorne Gunter, The Edmonton Journal, May 4, 2008 [picture from www.canada.com] I cannot for the life of me understand why Statistics Canada publishes income numbers that do not include money received by individuals from government, unless the nation's official number cruncher is deliberately attempting to fan the flames of class envy and reinforce the case for more and bigger social programs. On Thursday, StatsCan set off a maelstrom of media coverage with its release of a report on Canadians' earnings in the past 25 years. It said since 1980, median earnings among the top 20 per cent of Canadian earners increased by 16.4 per cent, while the median among those in the bottom 20 per cent decreased by 20.6 per cent.
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27 Dec 2007 Are you conscious of your philosophy of life?

By Derek Stoffels Over the last few weeks I have been reading a book called “Consumed: How Markets Corrupt Children, Infantilize Adults and Swallow Citizens Whole.” It has been a difficult read but it raises some worthwhile points. The basic thesis of the book is stated provocatively in the title. The author Benjamin Barber asserts that capitalism (read business) has been so consumed with greed that it is destroying democracy. In contrast to that Barber claims that one hundred years ago capitalism and democracy worked well together. At that time capitalism served democracy by reinforcing the values and conduct that are needed for a wise citizenry. In Barber’s words capitalism was “…a needs-serving economic machine,…” Today it is a wants-stimulating economic machine out to profit itself at any cost.
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12 Dec 2007 Two Tales of Trade for Teens

by Jon DykstraAs Christians we know that man is prone to all sorts of evil, but we often forget that man is also prone to all sorts of stupidity. Much damage is done by well meaning people who embrace a bad cause – they aren’t trying to do evil, just the opposite in fact, but evil is done because these “good” people are acting out of their ignorance. In Economics this well meant ignorance has often caused serious harm. For example, most of us would be against any sort of child labor. We abhor child labor, especially when the alternative is sending these same kids to school instead. But when the compassionate campaign against child labor moved Nike and Reebok to close plants in Pakistan and lay off 50,000 child workers in Bangladesh, these children didn’t go to school instead. The reason they were working in the first place was because they needed the very basics of life, so when they were laid off, thousands turned to prostitution, crime or simply starved to death.[1]
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24 Oct 2007 Income Splitting – A Good Idea for Families

By Marvin Van Maanen Currently in Canada, all wage earners are taxed as individuals. Canada has a progressive income tax system. As one’s income increases, they move up the ladder to a higher tax bracket, allowing the government to take a larger percentage of their income. This current system is biased against single-income families and biased towards dual-income families. For example, a family in which one spouse works and brings home $70,000, and the other spouse stays home to care for the family will pay almost $1700 more in 2007 than a family in which both spouses work and bring in $35,000 each. In both cases, the total family income is the same, yet one family pays significantly more in federal taxes yearly.
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19 Oct 2007 Labour Relations in a Christian Framework

By Aren van dyke (for the Surrey/Cloverdale ARPA Alert) Having spent most of my working life as an employer but still keenly recalling my time as an employee, I have always had a great interest in how to find an equitable balance in that delicate and always shifting relationship which is to be found in the workplace. Only perhaps in the marriage relationship is there a greater potential for trouble and strife, and conversely also fulfillment, in our human interactions. The present strife, which surrounds us in the secular work place where employee and employer often square off against each other in a struggle for power, also leaves its imprint upon our attitudes. When people, who are committed Christians, deal with each other in labour relations, there we to often find discord, bitterness, and frustration. The words of Genesis 3vs.17, "cursed is the ground because of you, through painful toil you will eat of it all the days of your life" point to the harsh reality that sin introduced into the arena of work. I believe it is possible to find harmony. In order to find this harmony, I will attempt to focus on what Scripture has to say about our labour and its purpose in our life. My intention is to involve situations, which speak to all of us, and it is my hope that this article will lead to a better understanding of an often confused and bitter situation.
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