The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
Green-tech advocates have convinced governments to spend untold billions of dollars on subsidies.
Back in the 20th century, much of the world’s politics was shot through with deep-rooted ideologies that had a considerable effect, often negative, on humanity. This month, as the world recalls the 70th anniversary of D-Day and its aftermath, it is helpful to recall those ideologies and their influence on political debates.
Albertas provincial government has provided plenty of political theatre as of late, with, as I write, three resignations from the government, including that of Alison Redford as premier. However, the Redford resignation may not be the end of her influence on Albertas future, and in particular, upon the Alberta Heritage Savings and Trust Fund.
Back in late 2011 after the Occupy Wall Street protests, Fiat-Chrysler CEO Sergio Marchionne gave a speech in Toronto to decry what he called "the most inane displays of greed." The reference was to behaviour he had observed while serving on various company boards over the years.
For those who might have missed whats happening in the city where Wayne Gretzky first made his mark in professional hockey, another round of taxpayer subsidies might soon be delivered to for-profit professional hockey in Edmonton.
The background: In 2011, Edmonton Oilers owner Daryl Katz convinced city council to deliver up taxpayer cash for a new $450 million arena.
More recently, Katz demanded more tax dollars and then visited Seattle to drop hints that he may move the Oilers to that west coast city if Edmonton City Council doesnt agree to his latest request.
The well-known quip - The definition of insanity is doing the same thing over and over again and expecting different results - is often attributed to Albert Einstein or Mark Twain. Accurate attribution has never been confirmed.