After finishing second in the Iowa caucuses, Ron DeSantis decided he would depart the Republican presidential race, saying he was “suspending” his campaign. At first, I thought the verb he used was a weasel word that would allow him to reactivate his run. Then I realized that he was just going with the flow in public pronouncements by using a euphemism. A similar subterfuge has infected the business world. When a chief executive officer leaves abruptly, he’s said to be “stepping aside.” Is he still on the executive floor and attending important meetings? I think not. But it’s better to...
I read in my morning newspaper that both Bell and Rogers are thinking about increasing monthly charges for wireless and Internet customers. Funnily enough, both companies were considering hikes of a similar amount. I’m not suggesting collusion – Heaven forbid – but it doesn’t take a Sherlock Holmes to conclude we have too few big media companies in Canada competing for customers. By contrast, in the U.S., Verizon is giving away iPhones with any trade-in in any condition. Rog/Bell will never make such an offer. Why? Because Canadians are complacent and compliant, not demanding or desiring. At this time of...
Here are my top ten predictions for 2024. 1. Justin Trudeau will remain leader of the Liberal Party. Pierre Poilievre’s 10-point lead will evaporate. No election will be caused or called. 2. A recession as defined by two quarters of slow or no growth will occur. Previously compassionate Canadians will turn mean and blame immigrants for both the housing crisis and hard times. 3. The S&P/TSX Composite Index will fall 18 percent. 4. Donald Trump will win the U.S. presidential election. All hell will break loose. 5. Israel will reject international pleas for peace and continue to pursue Hamas even...
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