How Big Is “BIG”?

“Repression” is what Richard Fisher, President of the Dallas Fed, called “the injustice of being held hostage to large financial institutions considered ‘too big to fail.’” He sketched out the destructive impact of these TBTF banks that, as “everyone and their sister knows,” were “at the epicenter” of the financial crisis. And he offered a “simple” plan for coming to grips with them. But he did something else: he defined BIG.

Read…. How Big Is “BIG”?

7 comments on “How Big Is “BIG”?
  1. Max Power says:

    Canadians use far too much energy and water, and they produce more garbage per capita than any other country on earth, a report from an influential think-tank says.

    The Conference Board of Canada gave Canada a C grade on Thursday and ranked it in 15th place among 17 developed nations studied across a host of environmental-efficiency metrics.

    “Our large land mass, cold climate and resource-intensive economy make us less likely to rank highly on some indicators of environmental sustainability, but many of our poor results are based on our inefficient use of our resources,” said Len Coad, the board’s director of energy, environment and technology policy.

    Poor marks on garbage, water

    The Conference Board measured air pollution, garbage production, energy consumption, water usage and many other factors across 17 developed economies around the world.

    While Canada earned a few A grades in categories such as water quality, endangered species and the use of forest resources, overall the country scored a D average.

    The 15th-place ranking put Canada only ahead of the U.S. and Australia in the ranking.

    The board noted that those three countries have a few factors in common to help explain their comparatively dismal results: they have the largest land masses in the survey, and they have the most resource-dependent economies in the OECD.

    Canada fared dismally in terms of the amount of waste we produce. In 2009 (the data year on which the study was based), Canada produced 777 kilograms of garbage per citizen. Across all 17 countries studied, the average was only 578 kg produced.


    Canada also fared poorly in use of our vast water resources. On average Canadians use twice as much water as do the residents of the other developed economies on the list. Indeed, we use nine times more water than people in the best country on that metric do, Denmark.

    Canada’s vast water resources encourage wasteful use, the board suggests.

    “Excessive water withdrawals in Canada can be attributed to the lack of widespread water conservation practices and water pricing that does not promote efficiency,” the board said.

    The report found Canadians use 1,131 cubic metres per capita of water per year. The only country that uses more water is the United States, which consumes 1,632 cubic metres per capita.

    The board gives Canadians credit for some progress on the water issue in their day to day lives — Canadian people cut their water use from 335 litres per day in 2001 to 327 litres per day in 2006, but increased use from industries caused far more water to be consumed in the country overall.

  2. Max Power says:

    Housing prices increase in December
    National average $352,800

    Housing sales declined in December, according to the Canadian Real Estate Association. Hover over the coloured circles and labels on the map below for more details on home prices in regions across the country.

  3. Max Power says:

    Don’t forget to mention or cover this is brief.

    Queen declines to intervene in Chief Spence’s protest
    Buckingham Palace says chief should appeal to federal cabinet

    The Queen has rejected an appeal to intervene in Chief Theresa Spence’s liquids-only protest, but says she is taking “careful note” of concerns for the chief’s health.

    In a letter dated Jan. 7, obtained by The Canadian Press, Buckingham Palace tells a supporter of Spence that the chief should deal instead with the federal cabinet.

    “This is not a matter in which The Queen would intervene,” says the letter.

    “As a constitutional Sovereign, Her Majesty acts through her personal representative, the Governor General, on the advice of her Canadian Ministers and, therefore, it is to them that your appeal should be directed.”

    The letter also says the Queen understands the concerns about the welfare of Spence, who is now well into her sixth week of protest, surviving on fish broth and tea.

    “Her Majesty has taken careful note of the concern you express for the welfare of Attawapiskat First Nations Chief Theresa Spence who is currently on a politically motivated hunger strike in Canada.”

  4. Max Power says:

    Canada is the 2nd largest nation on Earth, and MK has neglected coverage of finance and internet etc stories of global importance.

    The Canadian first nations movements right now are having what the NZ Maori would call a HEKOI — something that has not happened in at least a decade.

    The other news is just as applicable.

  5. alanborky says:

    Wolf we used to have the concept of the whipping boy in Britain whereby it was forbidden to physically strike any schoolboy heir to the throne no matter how naughty he’d been so as a punishment he was forced to watch a substitute’d taking a thrashing for him in the hope guilt’d lead to better behaviour.

    These days the entire population’s the whipping boy and our masters and betters don’t even have to watch and if they do it’s with barely suppressed glee written cross their pudgy little chops.

    Yet if der Keiser’s to be believed gilt [or silver] can still be used to compel better behaviour.

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