Business
My European Favourites – Day Trip From Amsterdam
The Netherlands is a great place to visit either as a main destination or as a stopover for a couple of days. I have always enjoyed flying KLM and use them often for our many groups travelling throughout Europe. Amsterdam’s Schiphol Airport is an east hub to fly into from North America, and I like the airport layout over other big and busy European airports.
Amsterdam itself has many interesting places to visit and explore. The city is full of history, great architecture, canals, bridges, museums, great shopping, cyclists, interesting cafes, the Anne Frank House, the Heineken Brewery, and yes, the notorious red light district. Not many people venture outside the city during a stopover, but one of our favourite day trips is from Amsterdam. We always try to do it on a Wednesday, so we catch the Edam cheese market show.
Zaanse Schans
Our twenty minute early morning trip to Zaandam starts after a good breakfast at our centrally located hotel in Amsterdam. On the way, you can enjoy the beautiful Dutch countryside including dikes and plots of land reclaimed from the water, called polders. Starting in the late 16th century, the Zaandam and the Zaan river area were important wood milling regions during the “Dutch Golden Age” with thousands of saw windmills. In the 19th century, the area became a leader of the “Industrial Age” in the Netherlands.
Starting in 1961, the Zaanse Schans was turned into an open air museum with windmills and buildings from the 18th and 19th centuries. Various wooden houses, barns, shops, warehouses and windmills were transported here starting in 1961. The buildings along with traditional farmsteads, paths, ditches and fields depict how village life was like during that prosperous time.
When we arrive at the Zaanse Schans parking lot, you will undoubtably smell chocolate from the nearby cacao processing factories. Entrance to the Zaansee Schans is free, but some of the workshops and windmills located throughout the grounds are museums and require an entrance fee. You can purchase a ticket to have access to all the museums.
One of the first buildings you will see on arrival is the Kooijman Souvenirs & Clogs Wooden Shoe Workshop. Here you can see a wooden clog machine demonstration. Afterwards, wander throughout the site checking out the bakery, fisherman’s house, weavers house, clock house, merchant house, cheese house, pewter house, pancake house and see how vats and barrels are made at the cooperage. With a little breeze, you can see the sails of the windmills slowly turning while the inner workings churn away. The windmills saw wood or mill oil, flower, spices or pigments to dye cloth. Some windmills allow visitors to climb up to the deck via narrow stairs for a nice view of the river and the area.
The Zaans Museum, located by the parking area, opened in 1998, and contains clothing and artifacts from the area. At its Verkade Experience you can see original chocolate and biscuit factory machines from the early 20th century at work. The museum also has a café and shop.
Edam
Another short 20 minute drive, and we reach Edam, which is famous for its cheese market that started in1520. Edam cheese is round with a flattened top and bottom and is coated with a red paraffin wax which allowed it to age well and not spoil on long voyages. Its unique taste plus the lack of spoilage made it extremely attractive for exporting throughout the world. The market was closed in 1922 when cheese began to be made in factories rather than by local farms.
At the original market, farmers would bring their cheese using horse drawn cart or by boat. Once they arrived, the cheese carriers, who wore different colored hats depending on which cheese guild they belonged to, would load the product onto wooden barrows. Once the barrow was loaded, the carriers placed carry straps over their shoulders and walked the precious cargo to the cheese tasters. The tasters would drill a core sample from the cheese and based on the exterior wax, smell, taste and other factors began to bargain the price with the seller using a series of shouts and hand claps. When the price was settled the cheese was taken to the weighing house to determine the final amount to be paid.
Every Wednesday in the summer from 10:30 to 12:30, the town re-enacts the hustle, and bustle of the market at the Jan van Nieuwenhuizen Square. The colorful market includes many family members, including children, wearing traditional costumes, dresses and clogs plus kiosks selling cheese. Throughout the performance, horse carts and boats arrive, cheese carriers scurry at a comical pace and bargain shouts and hand slaps can be heard. So visitors understand everything that is happening, there is a person on a microphone explaining the entire process. It’s quite interesting and fun to witness.
Smoked Eels
Next, we will travel from Edam to the seaside fishing village of Volendam to visit a local smokehouse that was founded in 1856. Smoked eels at one time were an important staple food in the Netherlands but recently a drop in the eel population and the resulting price increase has made it a delicacy. Today, the 5th and 6th generations of the Smits’ family keep their family’s secret fish smoking process and traditions alive. The smoked eel is their specialty and during the eel fishing season the entire family is involved in the cutting, gouging, skinning, digging and filleting of the eels. The Paviljoen Smit-Bokkum offers private tours of the smokehouse to introduce people to the traditional eel fishing, processing and smoking activities. In addition to eel, they smoke salmon, dorado and sea bass using pine wood. The eel is delicious and at their restaurant you can try various local dishes. The location also has a shop and a small Palingsound (eel sound) Museum dedicated to Volendam’s unique and famous pop music.
Volendam
Volendam, once a simple catholic fishing village, is now Holland’s best-known seaside town and is visited by millions annually. The Volendam Catholic fishermen had their own typical costumes and dialect. The town’s boardwalk, once home to fishermen’s wooden shacks, is now adorned with colorful wooden houses, tourist shops, cafes and restaurants. As you walk through the town and its shops, you will see locals wearing the traditional clothing. If you explore the village’s narrow lanes in the old neighborhoods, you can still see some of the old fishermens’ houses.
There used to be hundreds of vessels at one time when Volendam’s fishing fleet had access to the North Sea, but after closing its access, the harbour contains only a few fishing vessels doing fresh water fishing on Markermeer lake. Nowadays, leisure boats and the ferries that go to the nearby island of Marken occupy the majority of the harbour space.
Some restaurants offer tasty local seafood dishes and cool drinks on patios overlooking the harbour. For a quick lunch, food stands and take away restaurants sell kibbeling (battered and fried fish nuggets), herring, shrimp and of course smoked eel.
A visit to the Volendams Museum provides an interesting look into the town’s history, costumes, traditions and art. If you have time, you may consider taking the Volendam Marken Express boat to Marken.
Cheese Farm
On the way back to Amsterdam, and a short distance from Volendam, we will stop at the Henri Willig Jacob’s Hoeve cheese farm. The staff wear traditional clothing, and they give a short introduction and demonstration of the cheese making process. The number of cow goat and sheep cheese varieties is quite overwhelming but very interesting to sample. Some flavours you might encounter include truffle, cumin, pesto, red chili pepper, coconut, pepper, rosemary and garlic. They are all for sale in various sizes along with other Dutch souvenirs and foods. You can also see the cows in their new stable especially designed for the organic farm’s herd of Jerseys.
It is only twenty minutes back to Amsterdam and as you enjoy the countryside you can decide on what great restaurant you will go to tonight. I think an authentic Indonesian “rijsttafel” or rice table would be a great way to end the day. The rice table was brought back to the Netherlands from the Dutch East Indies where it was created by the Dutch as a festive way to showcase their colony’s diverse and multi-ethnic Indonesian cuisine. The rice is accompanied by a multitude of small meat, vegetarian and condiment dishes that may include spring rolls, satay meat skewers, curries, fish, boiled eggs, spicy sauces, peanut sauces, vegetables, and fried bananas. It is great for sampling different tastes and for sharing. You can find Indonesian fast food and restaurants throughout Amsterdam, but a place like Tujuh Maret or Ron Gastrobar Indonesia offering a rice table is definitely something you should experience.
Explore Europe With Us
Azorcan Global Sport, School and Sightseeing Tours have taken thousands to Europe on their custom group tours since 1994. Visit azorcan.net to see all our custom tour possibilities for your group of 26 or more. Individuals can join our “open” signature sport, sightseeing and sport fan tours including our popular Canada hockey fan tours to the World Juniors. At azorcan.net/media you can read our newsletters and listen to our podcasts.
Images compliments of Paul Almeida and Azorcan Tours. This article was original published in March 2021.
Business
Comparing four federal finance ministers in moments of crisis
From the Fraser Institute
By Grady Munro, Milagros Palacios and Jason Clemens
The sudden resignation of federal finance minister (and deputy prime minister) Chrystia Freeland, hours before the government was scheduled to release its fall economic update has thrown an already badly underperforming government into crisis. In her letter of resignation, Freeland criticized the government, and indirectly the prime minister, for “costly political gimmicks” and irresponsible handling of the country’s finances and economy during a period of great uncertainty.
But while Freeland’s criticism of recent poorly-designed federal policies is valid, her resignation, in some ways, tries to reshape her history into that of a more responsible finance minister. That is, however, ultimately an empirical question. If we contrast the performance of the last four long-serving (more than three years) federal finance ministers—Paul Martin (Liberal), Jim Flaherty (Conservative), Bill Morneau (Liberal) and Freeland (Liberal)—it’s clear that neither Freeland nor her predecessor (Morneau) were successful finance ministers in terms of imposing fiscal discipline or overseeing a strong Canadian economy.
Let’s first consider the most basic measure of economic performance, growth in per-person gross domestic product (GDP), adjusted for inflation. This is a broad measure of living standards that gauges the value of all goods and services produced in the economy adjusted for the population and inflation. The chart below shows the average annual growth in inflation-adjusted per-person GDP over the course of each finance minister’s term. (Adjustments are made to reflect the effects of temporary recessions or unique aspects of each minister’s tenure to make it easier to compare the performances of each finance minister.)
Sources: Statistics Canada Table 17-10-0005-01, Table 36-10-0222-01; 2024 Fall Economic Statement
By far Paul Martin oversaw the strongest growth in per-person GDP, with an average annual increase of 2.4 per cent. Over his entire tenure spanning a decade, living standards rose more than 25 per cent.
The average annual increase in per-person GDP under Flaherty was 0.6 per cent, although that includes the financial recession of 2008-09. If we adjust the data for the recession, average annual growth in per-person GDP was 1.4 per cent, still below Martin but more than double the rate if the effects of the recession are included.
During Bill Morneau’s term, average annual growth in per-person GDP was -0.5 per cent, although this includes the effects of the COVID recession. If we adjust to exclude 2020, Morneau averaged a 0.7 per cent annual increase—half the adjusted average annual growth rate under Flaherty.
Finally, Chrystia Freeland averaged annual growth in per-person GDP of -0.3 per cent during her tenure. And while the first 18 or so months of her time as finance minister, from the summer of 2020 through 2021, were affected by the COVID recession and the subsequent rebound, the average annual rate of per-person GDP growth was -0.2 per cent during her final three years. Consequently, at the time of her resignation from cabinet in 2024, Canadian living standards are projected to be 1.8 per cent lower than they were in 2019.
Let’s now consider some basic fiscal measures.
Martin is by far the strongest performing finance minister across almost every metric. Faced with a looming fiscal crisis brought about by decades of deficits and debt accumulation, he reduced spending both in nominal terms and as a share of the economy. For example, after adjusting for inflation, per-person spending on federal programs dropped by 5.9 per cent during his tenure as finance minister (see chart below). As a result, the federal government balanced the budget and lowered the national debt, ultimately freeing up resources via lower interest costs for personal and business tax relief that made the country more competitive and improved incentives for entrepreneurs, businessowners, investors and workers.
*Note: Freeland’s term began in 2020, but given the influence of COVID, 2019 is utilized as the baseline for the overall change in spending. Sources: Statistics Canada Table 17-10-0005-01, Table 36-10-0130-01; Fiscal Reference Tables 2024; 2024 Fall Economic Statement
Flaherty’s record as finance minister is mixed, in part due to the recession of 2008-09. Per-person program spending (inflation adjusted) increased by 11.6 per cent, and there was a slight (0.6 percentage point) increase in spending as a share of the economy. Debt also increased as a share of the economy, although again, much of the borrowing during Flaherty’s tenure was linked with the 2008-09 recession. Flaherty did implement tax relief, including extending the business income tax cuts started under Martin, which made Canada more competitive in attracting investment and fostering entrepreneurship.
Both Morneau and Freeland recorded much worse financial performances than Flaherty and Martin. Morneau increased per-person spending on programs (inflation adjusted) by 37.1 per cent after removing 2020 COVID-related expenditures. Even if a more generous assessment is used, specifically comparing spending in 2019 (prior to the effects of the pandemic and recession) per-person spending still increased by 18.1 per cent compared to the beginning of his tenure.
In his five years, Morneau oversaw an increase in total federal debt of more than $575 billion, some of which was linked with COVID spending in 2020. However, as multiple analyses have concluded, the Trudeau government spent more and accumulated more debt during COVID than most comparable industrialized countries, with little or nothing to show for it in terms of economic growth or better health performance. Simply put, had Morneau exercised more restraint, Canada would have accumulated less debt and likely performed better economically.
Freeland’s tenure as finance minister is the shortest of the four ministers examined. It’s nonetheless equally as unimpressive as that of her Trudeau government predecessor (Morneau). If we use baseline spending from 2019 to adjust for the spike in spending in 2020 when she was appointed finance minister, per-person spending on programs by the federal government (inflation adjusted) during Freeland’s term increased by 4.1 per cent. Total federal debt is expected to increase from $1.68 trillion when Freeland took over to an estimated $2.2 trillion this year, despite the absence of a recession or any other event that would impair federal finances since the end of COVID in 2021. For some perspective, the $470.8 billion in debt accumulated under Freeland is more than double the $220.3 billion accumulated under Morneau prior to COVID. And there’s an immediate cost to that debt in the form of $53.7 billion in expected federal debt interest costs this year. These are taxpayer resources unavailable for actual services such as health care.
Freeland’s resignation from cabinet sent shock waves throughout the country, perhaps relieving her of responsibility for the Trudeau government’s latest poorly-designed fiscal policies. However, cabinet ministers bear responsibility for the performance of their ministries—meaning Freeland must be held accountable for her previous budgets and the fiscal and economic performance of the government during her tenure. Compared to previous long-serving finances ministers, it’s clear that Chrystia Freeland, and her Trudeau predecessor Bill Morneau, failed to shepherd a strong economy or maintain responsible and prudent finances.
Business
DOGE already on the job: How Elon Musk and Vivek Ramaswamy caused the looming government shutdown
Legislators had 24 hours to read through 1,547 pages. Ramaswamy read them. Musk presented an alternative. The process collapsed.
Elon Musk and Vivek Ramaswamy are flexing their muscles even before President Elect Donald Trump’s inauguration, spiking a bipartisan spending bill. The bill was introduced on Tuesday with voting scheduled for Wednesday. Legislators were under massive pressure to approve of the spending bill or risk a government shut down. Problem is, the bill was over 1,500 pages long!
Chances are, the bill would have passed and in the ensuing weeks as details became known the public would have been outraged by all the extra plans to spend / waste taxpayer dollars. Legislators would have apologized by saying they simply had no time to read everything and they were desperate to avoid a shut down.
That’s where the new DOGE comes in. First Ramaswamy somehow read the bill and posted a video to TikTok and X to inform voters what they were going to be paying for in this new bill.
@vivekramaswamy Congress wants to waste your money without telling you, make sure that doesn’t happen
From MXMNews
The newly formed Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, successfully campaigned to halt the bipartisan continuing resolution (CR) in Congress. Musk and Ramaswamy took to X, rallying conservatives against the 1,547-page stopgap funding measure they argue is riddled with wasteful spending and unnecessary policy provisions.
Musk, a billionaire entrepreneur and vocal advocate for government reform, characterized the bill as a “pork-barrel” monstrosity. “Unless @DOGE ends the careers of deceitful, pork-barrel politicians, the waste and corruption will never stop,” Musk posted on X, adding that lawmakers who support the bill should be “voted out in two years.”
Meanwhile, Ramaswamy, a former Republican presidential candidate and DOGE co-chair, proposed an alternative to the bulky spending bill. Sharing a draft of his one-page resolution, he described it as a minimalist approach that avoids exacerbating historical spending excesses. “This is what a clean CR looks like,” he wrote, emphasizing the need for fiscal restraint.
Musk and Ramaswamy posted this to X.
Shorter = better. This bill is only 116 pages, instead of 1,500+ pages. Took a LOT less time to read. Glad to see the following garbage from yesterday’s bill removed in the current version: – Congressional pay raise/health benefits – 17 miscellaneous commerce bills – Random new pandemic policies, like funding for “biocontainment research laboratories” – Renewal of the “Global Engagement Center,” a key player in the federal censorship state
In record time, the public was informed, politicians were influenced by outraged taxpayers, and politicians blamed each other for a faulty bill and were forced to go back to the drawing board.
It’s all explained very well in this video presentation from Kaizen Asiedu, a Harvard graduate in philosophy who makes videos informing Americans about complicated political matters.
Friday’s deadline to avoid a government shutdown looms. Musk posted on X that a shutdown would be “infinitely better than passing a horrible bill.” His DOGE partner Vivek Ramaswamy urged Americans to contact their representatives to “stop the steal of your tax dollars.”
And President-elect Donald Trump posted this: “If Democrats threaten to shut down the government unless we give them everything they want, then CALL THEIR BLUFF,”.
Should the spending bill fail, it will mark a significant victory for DOGE and a potential turning point in efforts to reform Washington’s spending habits.
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