Province accused of sweetheart dealing — Halifax Metro NDP accused of wasting cash — Chronicle-Herald Chamber: Paving bill will go up — Chronicle-Herald Road builders want government out of paving — Halifax Metro Ideology on the road -- AllNovaScotia A sophisticated lobby by the province's paving contractors appears to have hornswoggled the Halifax media. Correction: the lobby isn't all that sophisticated. Half an hour's research would have debunked the contractors' claim that socialist ideology trumped common sense in government's decision to buy and run its own paving plant. In various forums, the road-builders have argued the province can't possibly pave roads cheaper than they can. There's but...

11 March, 2011

Ron Coleman, please note: Tim Hartford, the Underground Economist, weighs Genuine Progress as it plays out in the men's room of your favorite neighborhood pub. The question: Whenever I go to the gentlemen’s toilet in a pub, I’m unsure how to behave...

08 March, 2011

Eamonn Fingleton, an ex-pat Irish financial journalist who lives in Tokyo, takes a decidedly contrarian view of the Japanese economy. Far from stagnating for 20 years, as received media wisdom would have it, Japan's economy has been ticking along just fine, he contends. Guest-blogging for James Fallows at TheAtlantic.com website (where Contrarian will take a guest-blogging turn the week of March 14), Fingleton cites a couple of inconvenient facts in support of his analysis: Japan's current account surplus in 1990, regarded as the onset of its 20-year economic malaise, stood at $36 billion. By last year, it had risen to $194 billion. Over the...

26 February, 2011

This is a tired tune, but indulge me for a few bars. A few weeks ago, a Halifax physician went on Air Canada's website to book two round-trip flights: one to Sydney, Nova Scotia, 306 kilometers away; another to San Diego, 4,724 away (via Toronto). Air Canada charged $827 for the Sydney flight; $548 for SanDiego. That works out to $2.63/km for the Sydney flights vs. 11¢/km. for SanDiego. Years ago, some Sydney friends attended a wedding in St. John's, NF. Another wedding guest came from Cairo, Egypt. Guess who paid the lower fare? Try doing business with that handicap. Or as my...

26 January, 2011

According to this crowd-sourced interactive graphic from priceofweed.com, Nova Scotia, New Brunswick, and PEI have the best retail reefer rates on the continent: This is a screenshot. Click here to view the interactive chart, then click on any dollar sign to get data on that state or province. Detailed Nova Scotia price reports here. (Click any of the Police reporters might want to bookmark this chart for ready reference next time the boys in blue claim the half dozen, half-grown plants they seized in Upper West Boot have a street value of 47 gazillion dollars. Hattip: Floatingsheep.com....

15 December, 2010

Perhaps this post deserves elaboration. By any measure, dredging Sydney Harbour is a dubious use of public funds. It may yield modest increases in commercial shipping, but dreams of a container terminal here are but a fantasy. Despite the massive boom in world shipping that characterized the 2000s, the two container piers in Halifax continue to limp along at half capacity. Plans for a third pier at Melford are years ahead of those for Sydney, where a putative terminal proponent seems to have vanished. Yet the Cape Breton public has been massively oversold on the concept as the only possible salvation of...

10 December, 2010

[Updated below] Our friends at AllNovaScotia (subscription required) appear to have been punk'd by [restaurateur] singing investor Denis Ryan and Halifax folksinger-comedian Tony Quinn in a YouTube spoof of a profane Irish expat turning the air blue-green with outrage over the Emerald Isle's financial travails. The NSFW clip identifies Quinn as a reporter for "the Financial News," which morphs to "the Financial Times" in the AllNS piece. As alert Contrarian reader DR points out, however, the clip does not turn up on any site calling itself  'Financial News,' and the reporter definitely doesn’t say, 'Financial Times.' Also, the 'reporter' looks and sounds remarkably like...

10 December, 2010

Nobel prize-winning economist and New York Times columnist Paul Krugman did some research before a visit to Canada, and found disquieting signs. His conclusion: I’m not making any predictions here, just noting that if we go beyond banking to ask about household balance sheets and risks thereto, things up north bear watching. Hint: Read the comments, too. Hat tip: Tim Bousquet...

17 August, 2010

Back on February 15, Contrarian had the temerity to opine that the MLAs' expense scandal was pretty small potatoes—more a matter of public begrudgery than actual wrongdoing. This evoked private expressions of appreciation and gratitude from MLAs and political aides of all parties—and howls of indignation from readers (here, here, and here). Events swiftly made my apologia seem naively over-generous. Two MLAs resigned, a third was kicked out of government caucus, and Premier Darrell Dexter, who built his career on his seemingly perfect ear for public sensibilities, turned suddenly, stubbornly, and uncharacteristically tone-deaf when his own personal expenses fell under scrutiny. Much...

12 May, 2010

Hannah Fairfield of the New York Times plots the number of miles driven by US drivers, both private and commercial, against the retail price of gasoline from 1956 to February, 2010. The horizontal axis represents miles driven, while the vertical axis shows the price per US gallon (3.79 litres) in current US dollars. The drawn path represents the passage of time. Note that sharp spikes in gas prices coincided with reductions in miles driven in 1973, 1978, and from 2005 to 2010. Click here for a larger image with interesting subgraphs and embedded commentary....

12 May, 2010
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