The main news story this morning is the decision of the US authorities to impose a 220 per cent tariff on the imports of C-Series jets made by Bombardier in Northern Ireland. Bombardier is a major employer in Northern Ireland and 1,000 jobs are linked to the C-Series jet. This tariff has been imposed because Boeing complained that Bombardier gets unfair state subsidies from the UK and Canada. This tariff could triple the cost of the C-Series jet in the US, and you don't need a Ph.D to work out what that means: Bombardier will no longer be able to complete in the US market. This is protectionism, and protectionism always comes back to bite you when you least expect it.Read more
Many cities in the United States are raising the age to purchase tobacco products to 21 years. Some of the rhetoric coming out of the groups campaigning for draconian legislation would be at home in a totalitarian state. It's not what you would expect (or shouldn't expect) from a country that likes to think that it leads the free world.
Detroit Lakes is one of those US cities contemplating raising the age, and supporters don't want to stop there. They are also "discussing exceeding state law in defining vaping as smoking, banning vaping where smoking is banned and removing the business owners right to choose, banning smoking/vaping patios, etc."Read more