Independent access to information under threat

The internet continues to disrupt traditional business models, and local news coverage was predictably in line; today we learn that 35 community newspapers (print and on-line) have been closed in Ontario.  See:  Communities decry the closure of their newspapers.  Full disclosure:  I was a paper delivery girl for the Barrie Examiner 40 years ago.

On one level, the closures seem understandable, natural in the digital age. On another, there is a growing sense of alarm about how democracy, community, local values, small businesses, charities and families will prosper in an age where oligopoly corporations control all our access to information, while filtering the flow to please shareholders and big business sponsors first.

In a week where Time Inc. sells itself to Meredith corp., backed by the Koch brothers, and the US government is threatening to end net neutrality for the internet, the underlying themes here should make thinking people very uneasy.  Progress is great and all, but these moves seem to be about going backwards, giving the public less access to independent assessments and non-corporate conclusions.  We can’t afford to be complacent here.

Torstar Corp. (TSX:TS.B) and Postmedia Network Inc. (TSX:PNC.A, TSX:PNC.B) announced Monday the two companies exchanged a total of 41 publications and would stop publishing all but five of them, resulting in 291 job losses.  Here is a direct video link.

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Tesla trucks in Canada

Elias Demangos, president of Fortigo Freight Services, one of Canada’s larger trucking firms, on why his company has ordered trucks from Tesla. Here is a direct video link.

Given the number of people that we drive by on highways today that are reading their phones, books, papers, texting, dialing, while eating, drinking and smoking, we should all hope that autonomous vehicles spread quickly.

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Next biggest loser…Canadian households most debt-heavy in the world

Time to get some financial consulting from those who are not paid to sell us debt and risk.  Listening to the banks/broker/dealers/auto sellers has dug undisciplined households a very deep hole.  Debt weight will continue to hold back our economy, savings and investment until it is paid down and written off over the coming years and months.  In a heavily indebted world, Canada is leading the pack in terms of  household debt to GDP.  Nothing to be proud of here.  This data is to the end of Q4 last year, debt has climbed further in 2017.

House prices. Home ownership. Household debt. The economy. Bubble denial. Why Canadian real estate makes the U.S. housing bubble peak in 2006 look tame.  Here is a direct audio link.

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