President Joe Biden exits Air Force One as he arrives at Andrews Air Force Base, Md., Thursday, March 9, 2023. Biden is returning from Philadelphia where he spoke about his 2024 budget proposal. Evan Vucci/AP Photo.

Lessons for Canada from the U.S. credit downgrade

Fitch expects the government deficit in the U.S. to reach 6.3 percent of GDP this year. Such public borrowing—especially during a period of strong economic performance—is not sustainable. And long-term projections paint an even bleaker picture.

Brian Hoeppner, right, and Nicholas Hartnett, owner of Pure Power Solar, install a solar panel on the roof of a home in Frankfort, Ky., Monday, July 17, 2023. Michael Conroy/AP Photo.

A National Housing Policy does not need to be environmentally friendly

The priority today must be to unblock the restrictions at all levels of government that prevent our private sector from building. That’s it. In many cases, those restrictions come packaged in policies called “green standards” or “sustainable design requirements”, but these all add up to more bureaucracy, more costs, and fewer units of housing getting built. 

Israelis protest against plans by Prime Minister Benjamin Netanyahu's government to overhaul the judicial system, in Tel Aviv, Israel, Saturday, Aug 12, 2023. Ohad Zwigenberg/AP Photo.

Israel’s Declaration of Independence

It’s difficult to see how Israel could settle on a written constitution amid the current turmoil. If the Court invalidates Netanyahu’s reforms, as it is widely rumoured to be inclined to do, it’s difficult to see how Israeli society will recover from the crisis.