Connect with us
[the_ad id="89560"]

Uncategorized

Kim readies for Trump after marathon journey, warm welcome

Published

6 minute read

HANOI, Vietnam — North Korean leader Kim Jong Un spent the eve of his summit with Donald Trump travelling around Hanoi in his armoured limousine Tuesday, his squad of encircling bodyguards in tow as he visited the North Korean Embassy, with hundreds of visiting journalists and thousands of local citizens following in his wake.

Trump and Kim are to meet Wednesday in their second summit aimed at addressing perhaps the world’s biggest security challenge: Kim’s pursuit of a nuclear program that stands on the verge of viably threatening targets around the planet.

But before the summit began, Kim took some time to venture out of his locked-down hotel and check out parts of Hanoi, including his nation’s embassy, where a loud cheer went up as he entered the compound.

Soldiers, police and international journalists thronged the streets outside Hanoi’s Melia Hotel where Kim is staying, and hundreds of eager citizens stood behind barricades hoping to see the North Korean leader. As Vietnamese, North Korean and U.S. flags fluttered in a cold drizzle, dozens of cameras flashed and some citizens screamed and used their mobile phones to capture Kim’s rock-star-like arrival.

“I like him,” local resident Van Dang Luu, who works at a nearby bank, said of Kim. “He is very young and he is very interesting. And he is very powerful,” she said. “Trump is not young, but I think he is very powerful.”

Vietnam’s authoritarian leaders set up a huge security apparatus to welcome Kim, shutting long stretches of highway and locking down swaths of the bustling capital city. Earlier in the morning, Kim, grinning broadly and waving, stepped off his armoured train at the end of a long ride that started in Pyongyang and wound through China to the Vietnamese border. He shook hands with officials as Vietnamese troops in crisp, white uniforms and black boots stood at attention on a red carpet at the Dong Dang railway station on the China-Vietnam border.

Hours ahead of his border crossing, footage from Japanese TV network TBS showed Kim taking a pre-dawn smoke break at a train station in China, a woman who appeared to be his sister, Kim Yo Jong, holding a crystal ashtray at the ready.

Vietnamese officials have shared few details about the specifics of a summit that the world will be watching closely.

Trump was flying to Hanoi from Washington and was to arrive later Tuesday.

Although many experts are skeptical Kim will give up the nuclear weapons he likely sees as his best guarantee of continued rule, there was a palpable, carnival-like excitement among many in Hanoi as the final preparations were made for the meeting. There were also huge traffic jams in the already congested streets.

Officials in Hanoi said they only had about 10 days to prepare for the summit — much less than the nearly two months Singapore had before the first Trump-Kim meeting last year— but still vowed to provide airtight security for the two leaders.

“Security will be at the maximum level,” Vietnamese Deputy Minister of Foreign Affairs Le Hoai Trung told reporters.

The ultra-tight security will be appreciated by North Korean authorities, who are extremely vigilant about the safety of Kim, the third member of his family to rule the North with absolute power. Kim’s decision to take a train, not a plane, may have been influenced by the better ability to control security.

Vietnam is eager to show off its huge economic and development improvements since the destruction of the Vietnam War, but the country also tolerates no dissent and is able to provide the kind of firm hand not allowed by more democratic potential hosts.

“I really hope to catch a glimpse of Kim Jong Un. He is an interesting man. And he rarely travels anywhere so it would be great to see him here,” said Nguyen Trong Toan, a retired teacher who was waiting by the side of the street on Kim’s expected travel route.

There are high expectations for the Hanoi summit after a vague declaration at the first meeting in June in Singapore that disappointed many.

Trump, via Twitter, has worked to temper those expectations, predicting before leaving for Hanoi a “continuation of the progress” made in Singapore but adding a tantalizing nod to “Denuclearization?” He also said that Kim knows that “without nuclear weapons, his country could fast become one of the great economic powers anywhere in the World.”

North Korea has spent decades, at great political and economic sacrifice, building its nuclear program, and there is widespread skepticism among experts that it will give away that program cheaply.

___

AP journalists Yves Dam Van in Dong Dang, Hyung-jin Kim, Adam Schreck and Hau Dinh in Hanoi, and Kim Tong-hyung in Seoul, South Korea, contributed to this report.

Foster Klug, The Associated Press












Storytelling is in our DNA. We provide credible, compelling multimedia storytelling and services in English and French to help captivate your digital, broadcast and print audiences. As Canada’s national news agency for 100 years, we give Canadians an unbiased news source, driven by truth, accuracy and timeliness.

Follow Author

Uncategorized

What is ‘productivity’ and how can we improve it

Published on

From the Fraser Institute

By Jock Finlayson

Earlier this year, a senior Bank of Canada official caused a stir by describing Canada’s pattern of declining productivity as an “emergency,” confirming that the issue of productivity is now in the spotlight. That’s encouraging. Boosting productivity is the only way to improve living standards, particularly in the long term. Today, Canada ranks 18th globally on the most common measure of productivity, with our position dropping steadily over the last several years.

Productivity is the amount of gross domestic product (GDP) or “output” the economy produces using a given quantity and mix of “inputs.” Labour is a key input in the production process, and most discussions of productivity focus on labour productivity. Productivity can be estimated for the entire economy or for individual industries.

In 2023, labour productivity in Canada was $63.60 per hour (in 2017 dollars). Industries with above average productivity include mining, oil and gas, pipelines, utilities, most parts of manufacturing, and telecommunications. Those with comparatively low productivity levels include accommodation and food services, construction, retail trade, personal and household services, and much of the government sector. Due to the lack of market-determined prices, it’s difficult to gauge productivity in the government and non-profit sectors. Instead, analysts often estimate productivity in these parts of the economy by valuing the inputs they use, of which labour is the most important one.

Within the private sector, there’s a positive linkage between productivity and employee wages and benefits. The most productive industries (on average) pay their workers more. As noted in a February 2024 RBC Economics report, productivity growth is “essentially the only way that business profits and worker wages can sustainably rise at the same time.”

Since the early 2000s, Canada has been losing ground vis-à-vis the United States and other advanced economies on productivity. By 2022, our labour productivity stood at just 70 per cent of the U.S. benchmark. What does this mean for Canadians?

Chronically lagging productivity acts as a drag on the growth of inflation-adjusted wages and incomes. According to a recent study, after adjusting for differences in the purchasing power of a dollar of income in the two countries, GDP per person (an indicator of incomes and living standards) in Canada was only 72 per cent of the U.S. level in 2022, down from 80 per cent a decade earlier. Our performance has continued to deteriorate since 2022. Mainly because of the widening cross-border productivity gap, GDP per person in the U.S. is now $22,000 higher than in Canada.

Addressing Canada’s “productivity crisis” should be a top priority for policymakers and business leaders. While there’s no short-term fix, the following steps can help to put the country on a better productivity growth path.

  • Increase business investment in productive assets and activities. Canada scores poorly compared to peer economies in investment in machinery, equipment, advanced technology products and intellectual property. We also must invest more in trade-enabling infrastructure such as ports, highways and other transportation assets that link Canada with global markets and facilitate the movement of goods and services within the country.
  • Overhaul federal and provincial tax policies to strengthen incentives for capital formation, innovation, entrepreneurship and business growth.
  • Streamline and reduce the cost and complexity of government regulation affecting all sectors of the economy.
  • Foster greater competition in local markets and scale back government monopolies and government-sanctioned oligopolies.
  • Eliminate interprovincial barriers to trade, investment and labour mobility to bolster Canada’s common market.
Continue Reading

Uncategorized

COP29 was a waste of time

Published on

From Canadians For Affordable Energy

Dan McTeague

Written By Dan McTeague

The twenty-ninth edition of the U.N. Climate Change Committee’s annual “Conference of the Parties,” also known as COP29, wrapped up recently, and I must say, it seemed a much gloomier affair than the previous twenty-eight. It’s hard to imagine a more downcast gathering of elitists and activists. You almost felt sorry for them.

Oh, there was all the usual nutty Net-Zero-by-2050 proposals, which would make life harder and more expensive in developed countries, and be absolutely disastrous for developing countries, if they were even partially implemented. But a lot of the roughly 65,000 attendees seemed to realize they were just spewing hot air.

Why were they so down? It couldn’t be that they were feeling guilty about their own hypocrisy, since they had flown in, many aboard private jets, to the Middle Eastern petrostate of Azerbaijan, where fossil fuels count for two-thirds of national GDP and 90% of export revenues, to lecture the world on the evils of flying in planes and prospering from the extraction of oil and natural gas. Afterall, they did the same last year in Dubai and there was no noticeable pang of guilt there.

It’s likely that Donald Trump’s recent reelection had a lot to do with it. Living as they do in a media bubble, our governing class was completely blindsided by the American people’s decision to return their 45th president to the White House. And the fact that he won the popular vote this time made it harder to deny his legitimacy. (Note that they’ve never questioned the legitimacy of Justin Trudeau, even though his party has lost the popular vote in the past two federal elections. What’s the saying about the modern Left? “If they didn’t have double standards, they’d have no standards at all.”)

Come January, Trump is committed to (once again) pulling the U.S. out of the Paris Climate Accords, to rolling back the Biden Administration’s anti-fracking and pro-EV regulations, and to giving oil companies the green light to extract as much “liquid gold” (his phrase) as possible, with an eye towards making energy more affordable for American consumers and businesses alike. The chance that they’ll be able to leech billions in taxpayer dollars from the U.S. Treasury while he’s running the show is basically zero.

But it wasn’t just the return of Trump which has gotten the climate brigade down. After a few years on top, environmentalists have been having one setback after another. Green parties saw a huge drop off in support in the E.U. parliament’s elections this past June, losing one-third of their seats in Brussels.

And wherever they’ve actually been in government, in Germany and Ireland for instance, the Greens have dragged down the popularity of the coalitions they were part of. That’s largely because their policies have been like an arrow to the heart of those nations’ economies – see the former industrial titan Germany, where major companies like Volkswagen, Siemens, and the chemical giant BASF are frantically shifting production to China and the U.S. to escape high energy costs.

But while voters around the world are kicking climate ideologues to the curb, there are still a few places where they’re managing to cling to power for dear life.

Here in Canada, for instance, Justin Trudeau and Steven Guilbeault steadfastly refuse to consider revisiting their ruinous Net Zero policies, from their ever-increasing Carbon Tax, to their huge investments in Electric Vehicles and the mandates which will force all of us to buy pricey, unreliable EVs in just over a decade, and to the emissions caps which seek to strangle the natural resource sector on which our economy depends.

Minister Guilbeault was all-in on COP29, heading the Canadian delegation, which “hosted 65 events showcasing Canada’s leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership” and stood up for Canadian values such as “2SLGBTQI+” and “gender inclusivity.” Once again, in Azerbaijan, which has been denounced for its human rights abuses.

And no word yet on the cost of all of this – for last year’s COP28 the government – or should I say the taxpayers – spent $1.4M on travel and accommodations alone for the 633 member delegation. That number, not counting the above mentioned events, are sure to be higher, as Azerbaijan is much less of a travel destination than Dubai, and so has fewer flights in and available hotel rooms.

At the same time all of this was going on, Trudeau was 12,000 kms away in Rio de Janeiro, Brazil,  telling an audience that carbon taxation is a “moral obligation” which is more important than the cost of living: “It’s really, really easy when you’re in a short-term survive, [to say] I gotta be able to pay the rent this month, I’ve gotta be able to buy groceries for my kids, to say, OK, let’s put climate change as a slightly lower priority.”

This is madness, and it underscores how tone-deaf the prime minister is, and also why current polling looks so good for the Conservatives that Pierre Poilievre might as well start measuring the drapes at the PMO.

He has the Trudeau Liberals’ obsessive pursuit of Net Zero policies in large part to thank for that.

The world is waking up to the true cost of the Net Zero ideology, and leaving it behind. That doesn’t mean the fight is over – the activists and their allies in government are going to squeeze as many tax dollars out of this as they possibly can. But the writing is on the wall, and their window is rapidly closing.

Dan McTeague is President of Canadians for Affordable Energy.

Continue Reading

Trending

X