December 2016 M T W T F S S « Nov 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
It has been reported that the Ontario Premier’s China mission will create 1795 jobs. This is a stunning display of precision in job creation accounting. Thankfully no fractions were used. Let see how many will be filled under the TFW program. 1800 maybe?
A tale of boom and bust and a cautionary tale for all those who think casinos are the answer to ailing local economies. Full read in the Globe and Mail here.
The Governor of the Bank of Canada, Stephen Poloz, has said that the lower oil prices will reduce the economic growth in 2015 by 0.5%. To put this in perspective this represents 1/5 of the total growth that was forecasted for the year. According to him Canada needs at least 2% economic growth.
Slate has an extremely interesting article on the earnings of Uber drivers. Uber’s claims of driver median income of 90k are being looked up and found extremely wanting. The article details how much the company charges its drivers per ride. There are 3 levels of service with an increasing level of commission: 20 percent on UberX, 25 percent on UberBlack, and 28 percent on UberSUV.
The article calculates that a driver makes on average 12 dollars an hour. Quite terrible considering this is almost minimum wage in Ontario which as of June 1st it is 11$. Add to that the depreciation of the car and the disruption is more along the lines of the graph in the post below.
The following graph, obtained from here, tells you all you need to know about “trickle down economics” in the US. After 1980 is actually … trickle up.
US News has published a ranking of global universities. The list, available here, contains the usual Canadian suspects lead by UoT at 14. My alma mater, UofO, is at 194. Canadian university standings are are as follow (first column is the overall rank):
|14||University of Toronto||Canada||North America|
|30||University of British Columbia||Canada||North America|
|44||McGill University||Canada||North America|
|96||University of Montreal||Canada||North America|
|108||University of Alberta||Canada||North America|
|141||McMaster University||Canada||North America|
|194||University of Ottawa||Canada||North America|
|203||University of Calgary||Canada||North America|
|230||University of Western Ontario||Canada||North America|
|234||Laval University||Canada||North America|
|244||University of Waterloo||Canada||North America|
|287||Simon Fraser University||Canada||North America|
|297||Queen’s University||Canada||North America|
|316||University of Victoria||Canada||North America|
|343||Dalhousie University||Canada||North America|
|351||University of Manitoba||Canada||North America|
|385||York University||Canada||North America|
|390||University of Guelph||Canada||North America|
|473||University of Saskatchewan||Canada||North America|