aid
Ottawa is spending $1.7M for 10 new jobs at a pasta plant. Are such loans and government aid worth it?
When the federal government said earlier this week its $1.7 million loan to a Brampton, Ont., pasta plant would create 10 jobs, some questioned whether that taxpayer money was being put to good use. One economics professor tweeted he was “legit astonished” by the investment in Italpasta. “Do they not understand just how insane this is? That spending north of $170k for *one job* is an embarrassment, not an achievement?” wrote Stephen Gordon of Laval University. And that was just a fraction of the billions of dollars in subsidies that were announced recently for theRead more
U.S. prepares to rush $1B US in military aid to Ukraine, as Congress approves bills
A sweeping foreign aid package easily passed the U.S. Congress late Tuesday after months of delay, clearing the way for fresh Ukraine funding amid advances from Russia’s invasion force and Kyiv’s shortages of military supplies. The U.S. Senate voted 79 to 18 to approve four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion US in mostly military aid for Ukraine, Israel and Taiwan, and U.S. partners in the Indo-Pacific. The four bills were combinedRead more