|By Marketwired .||
|January 17, 2013 06:32 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/13 -- The combination of policy uncertainty and political gridlock in the United States following the 2012 election could harm economic growth in Canada, warns a new series of essays from the Fraser Institute, an independent, non-partisan Canadian think-tank.
"While Canadians are not allowed to vote in U.S. elections, our fortunes and prosperity are intimately affected by the electoral decisions of our American neighbours," said Jason Clemens, Fraser Institute executive vice-president and co-editor of The U.S. Election 2012: Implications for Canada.
"Polls in Canada consistently show overwhelming support for President Obama, but his re-election combined with a divided Congress and the policies likely to be implemented over the next four years present a number of real, immediate risks to Canada-as well as opportunities."
Comprising 10 essays from preeminent Canadian and American scholars, the report examines critical economic issues that underpin the Canada-U.S. relationship. Essays of note include:
"Canada's Challenges in the Face of U.S. Monetary Policy" by Jerry Jordan (Former President, Federal Reserve Bank of Cleveland):
As the United States, Europe, and Japan become more tolerant of inflation, their currencies will likely depreciate while the currencies of smaller, open economies like Canada will climb. Persistent appreciation of the Canadian dollar against the U.S. dollar will mean increasing competitive pressures on both Canadian industries and firms that seek to export, and on Canadian companies that must compete with foreign imports.
"Such currency challenges often lead to worsening policy responses such as trade protectionism," Jordan said.
"The Effect of U.S. Financial Market Regulation on Canada" by Moin Yahya (University of Alberta):
The re-election of President Obama means the full implementation of what is popularly referred to as the Dodd-Frank Act, which imposes new regulations on the financial services sector in the U.S. Yahya argues that the impact of Dodd-Frank and its accompanying regulations on the Canadian financial system is highly uncertain because specific provisions concerning foreign banks have yet to be developed. Other rules may apply inadvertently to Canadian companies doing business in the United States, such as brokerage firms that trade American stocks for clients in the U.S. or Canada.
"Clearly, there will be adverse effects on the Canadian banking and financial services sector from the regulations imposed by U.S. legislators," Yahya said.
"U.S. Energy and Environment Policymaking in Obama's Second Term" by Chris Horner (Competitive Enterprise Institute):
The Obama administration will likely introduce a host of environmental and safety regulations aimed principally at the energy sector, and more specifically the oil and gas sector, that will adversely affect production.
"The risk for Canada if it copies American energy regulations is that it will inadvertently impede the development of its own opportunities," Horner said.
"Obamacare and Canadian Health Care" by Steven Globerman (Western Washington University):
Obama's re-election ensures the enactment of the Patient Protection and Affordable Care Act (ACA). While specific implementation details remain to be worked out, Globerman argues that the ACA will likely reduce rates of technological change in the U.S. health care sector which, in turn, will reduce the availability of new medical technology to Canada. He also warns that the emergence of rationing and waiting times in the U.S. might also increase the costs of Canadian health care by constraining provincial governments from using spare capacity in the U.S. as a buffer against "excessive" waiting times in Canada.
"Rather than relying upon sending Canadian patients to the United States to deal with excessive wait times, provincial governments will presumably need to add domestic capacity or else increase waiting times for Canadians to receive timely medical treatment," Globerman said.
"This will oblige Canadian governments to spend more on health care."
"How Canada Could Take Advantage of Changes to U.S. Tax Policy" by David R. Henderson (Naval Postgraduate School and the Hoover Institution):
Henderson outlines the competitive disadvantage Canadian income earners face relative to their American counterparts with respect to income taxes. Canadians face higher income tax rates that kick in at lower levels of income compared to Americans; this presents an opportunity for Canada over the next decade or so: balance budgets then reduce personal income taxes.
"Income taxes are the largest source of revenues for governments and the single largest tax for the top 50 per cent of income earners. Continued deficits will prevent the U.S. from implementing sustainable tax relief over the next decade," Henderson said.
"This provides Canada with an opportunity to gain some level of comparability if not a competitive advantage vis-a-vis the U.S. with respect to income taxes."
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.
The Fraser Institute
The Fraser Institute
Professor of Political Science, Simon Fraser University
Senior Fellow, Fraser Institute
The Fraser Institute
Director of Communications
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 24, 2016 06:45 PM EDT Reads: 1,451
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 24, 2016 06:30 PM EDT Reads: 1,561
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 24, 2016 04:30 PM EDT Reads: 1,484
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 24, 2016 04:30 PM EDT Reads: 1,677
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 24, 2016 04:00 PM EDT Reads: 1,514
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 24, 2016 03:45 PM EDT Reads: 1,411
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 24, 2016 03:00 PM EDT Reads: 1,013
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 24, 2016 02:15 PM EDT Reads: 1,179
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 24, 2016 02:00 PM EDT Reads: 1,624
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 24, 2016 01:30 PM EDT Reads: 1,670
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 24, 2016 01:00 PM EDT Reads: 1,472
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 24, 2016 12:00 PM EDT Reads: 730
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 24, 2016 12:00 PM EDT Reads: 741
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 24, 2016 11:45 AM EDT Reads: 1,015
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
Sep. 24, 2016 11:00 AM EDT Reads: 945