Finally, remember that we faculty, your COBA family and your Christian brothers and sisters love you. Hold each other accountable. Be transparent with weakness. As “factoryless goods” proponents regroup and decide what to do next, we will remain vigilant. Bouts of pressure will likely be needed to keep our data, and the policymaking that it informs, free of distortion. We push to change our trade policies, we will need to keep pushing against efforts to simply change our numbers.
On the question of near universal scorn, Lebron does in fact have something in common with Ali. The reigning Most Valuable Player has gone from beloved to bad guy because he dared do things his own way. He exercised his rights of free agency, leaving his hometown team to play with his friends in Miami for less money.
OTTAWA The federal government is announcing today that credit card companies have agreed to trim the fees they charge the country businesses by 10 basis points.Ottawa has reached voluntary, five year deals with Visa, Mastercard and American Express that the feds expect will help small and medium sized companies save a total of $250 million per year, says a government source familiar with today announcement.Starting in 2020, Visa and Mastercard will reduce the fees they collect from businesses to an average annual effective rate of 1.4 per cent down from 1.5 per cent and narrow the gap between the highest and lowest rates they charge retailers. American Express has agreed to provide more fairness and transparency as part of a separate voluntary commitment that recognizes its unique business model.Small businesses can get rate break from Chase on Amex transactionsMillennials are ditching credit cards, and it’s threatening the entire industryCapping credit card fees would cap benefits to CanadiansBut a spokesman for the Retail Council of Canada said he was by the scope of the expected change because it would amount to just $100 worth of savings for businesses for every $100,000 worth of credit card sales.the sense that the trajectory is in the right direction, that part good, said Karl Littler, vice president of public affairs.see this as a pretty small step relative to what might have been done. Said there are far lower interchange rates in many other jurisdictions around the world.The changes, which could help consumers, are being unveiled at an Ottawa grocery store by Finance Minister Bill Morneau and Mary Ng, the new minister for small business and export promotion.The source, speaking on condition of anonymity to discuss matters not yet public, said the reductions could help smaller businesses save thousands of dollars over the five year period and the government is hoping the extra funds will encourage owners to invest, expand and create jobs.Ottawa expects the lower interchange rates will enable smaller firms to avoid being at a big competitive disadvantage compared to larger companies, which have more leverage in negotiating with credit card firms for reduced fees.The government also expects consumers to benefit from the changes because the lower costs to businesses will enable them to keep prices lower.In November 2014, Visa and Mastercard voluntarily agreed to reduce their average effective fees to 1.5 per cent over five years a period that began in April 2015.Morneau announced in September 2016 that an independent audit found that the companies had met their respective commitments.