YELLOWKNIFE, NWT – My first trip to the Arctic was in 1984 to Inuvik, Tuktoyaktuk and a drilling rig 31 miles offshore in shallow water in the Beaufort Sea. A few months after that trip, the last oil well offshore was drilled after many successes. Amauligak flowed 18,060 barrels per day, a giant by any… Read More
Billionaire Steven Cohen keeps in his office, at SAC Capital Advisors in Connecticut, a work of art consisting of a giant tiger shark suspended in formaldehyde. A couple of years ago, the shark had to be replaced by another at great expense because it had rotted. At the same time, Cohen displays a refrigerated bust… Read More
Diane Francis’ Financial Post five-part series examining the changes to Russia after the fall of communism. [pdf]
Tax arbitrage, or moving operations and tax liabilities to low-cost jurisdictions, has been a game played by rich people and multinationals for years. But the game is ending finally. This will have implications in terms of government revenues to pay for social services but will also have a negative impact on the profits and share… Read More
Diane Francis’ Financial Post 1992 series during the Ukraine departure from the Soviet Union and shift to a market economy. Download the report [pdf].
Spent much of this morning with a crew from Global’s magazine-style show, 16×9, on the top of tax cheating by Canadians, Canada’s limp tax collection methods, Canada’s lax rules that allow wealthy persons to leave the country with their money and never pay taxes again. I was interviewed by Global correspondent Alan Carter. The piece… Read More
I participated in a fireside chat with Dr. Raghuram Rajan last week at a dinner event sponsored by the University of Calgary’s School of Public Policy. He is a world-class economist, former chief economist for the IMF and a professor at the University of Chicago as well as a special advisor to the Government of India…. Read More
On May 14, British Columbians face Hobson’s choice in their provincial election: Liberal leader Christy Clark is in trouble in her own riding and the NDP’s Adrian Dix is wobbly in polls and should be.
Diane Francis takes on the role of criminologist on a documentary investigating the Bernie Madoff Scandal.
In a 2012 book, “Why Nations Fail: The origins of Power, Prosperity and Poverty”, economists Daron Acemoglu and James Robinson argue that “elites, when sufficiently politically powerful, will often support economic institutions and policies inimical to sustained economic growth.