Why shouldn't union become pro-active about worker jobs now that Hargrove is buzzing off to retirement sidelines, rather than waiting for more of this: posted 29 August 2008 05:53 AM
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http://tinyurl.com/5u28u3
There is continued slippage. In B.C., the negatve impact of regressive changes to the Labour Code continues to be felt. Alberta, with some improvement, continues to exist in the Stone Age. Look out, Saskatchewan, given the nasty changes just made to labour law.
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From: Port Moody, B.C. | Registered: Jun 2007 | IP: Logged
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Why not direct investment in something like this, building a fund for Canadian manufacturing while building pensions:
From the Duncan Cameron column:
Happily citizens need secure outlets for savings. The recent ABCP (Asset Backed Commercial Paper) debacle where savers lose or taxpayers pick-up the cheque for the mistakes made by banks, should remind us that Canadian government debt is more secure than private debt.
Issuing Green Bonds is one positive way for governments to bring citizens anxious to contribute to reducing global warming together with green investment projects funded by government that produce climate change returns.
By buying government issued Green Bonds citizens would get a competitive rate of interest, higher than money market funds, or GIC's (Guaranteed Investment Certificates) and safer assets. Governments would get long term, patient money. Instead of paying yearly management expense at rates of over one per cent every year as families now pay to keep their money in a bank run money market fund, savers would pay a small one-time commission of one-quarter of one per cent to the seller of the bond.
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Or would all of this be too socialistic for today's worker, too complex, in the world of ABCP creations that are now failing their pension funds? 
It could be called a "workers' future" fund.
[ 29 August 2008: Message edited by: George Victor ]
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posted 29 August 2008 06:08 AM
