AIMS hires dedicated policy analyst for Newfoundland and Labrador #nlpoli

ST. JOHN’S, NL – The Atlantic Institute for Market Studies (AIMS) is pleased to announce the appointment of Ed Hollett as a senior research fellow with a focus on policy analysis, public affairs commentary and general outreach for Newfoundland and Labrador.

“At this pivotal time, we believe that Newfoundlanders and Labradorians should set their course for the future informed by entrepreneurial values like creativity, frankness and adaptability,” said Leo Power, AIMS vice-chair for Newfoundland and Labrador. “We want to present fresh ideas and stimulate discussion and debate in a way that embodies the values that we believe in.”

Power said that the new position serves two purposes. It establishes an AIMS presence on the ground in Newfoundland and Labrador to better serve the needs of the province. At the same time, it gives AIMS the opportunity to bring the unique perspective of Newfoundlanders and Labradorians to a wider audience across Atlantic Canada and throughout the country.

Marco Navarro-Génie, AIMS’s President and CEO, said that since its founding in 1994, AIMS has provided a distinct perspective on public policy issues facing Atlantic Canadians. The Institute publishes peer-reviewed policy studies, intended to inform policy makers and citizens. It also supports public discussion by publishing fact-based commentaries, having AIMS fellows appear on television and radio to discuss policy issues and hosting public events to disseminate its research.

"Mr Hollett’s communications experience, his policy expertise, and his love of his home province are tremendous assets for AIMS,” said Dr. Navarro-Génie. “We are very excited about this new initiative and the perspective he will bring. In the weeks and months ahead, you will be hearing and seeing more of what AIMS is about throughout Newfoundland and Labrador.”

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AIMS refutes austerity hysteria #nlpoli #AIMS

From the latest Atlantic Institute for Market Studies paper:

"Measuring Austerity in Atlantic Canada investigates whether the use of the term austerity in the context of Atlantic Canada’s public finance is accurate. The author examines public accounts data from the four provinces, adjusting for inflation, to determine the annual amount of program expenditure in absolute and per capita terms. He also calculates the relative increase or decrease in spending from year to year, establishing the trend in provincial government expenditures in Atlantic Canada.

"The report offers three main findings:

• The budgets of southern European countries such as Portugal, Italy, Greece, and Spain (the so called “PIGS” nations) have experienced genuine austerity following the Great recession. These countries had to cut their government spending by up to a quarter, over as few as two fiscal years.
• Provincial governments in Atlantic Canada have increasingly spent more money on programs — in absolute and per capita terms — between 1980 and 2016. Per capita program expenditure in Newfoundland and Labrador saw the greatest increase at 113.7 percent. Prince Edward Island’s growth rate was the slowest at 61 percent over the examined period.
• A shifting demographic landscape in the region — notably its aging population — does not suffice to explain these significant spending increases. While the school-age population has dwindled in the four Atlantic provinces, education spending continues to grow, showing that spending increases cannot be a response to demographic changes.

"The report concludes that the use of the term austerity in relation to fiscal policy in the Atlantic Canadian provinces is hyperbolic, inappropriate and inaccurate.

"All governments spend more money than they did a generation ago, with only minor blips of restraint and no sustained or disciplined effort to cut spending significantly. The nature of Atlantic Canadian public finance, therefore, is not one of austerity but of consistent spending growth over a sustained period."

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A bad deal

Gordon Weil thinks the NB Power purchase deal with Hydro-Quebec is a bad idea.

Interesting that both the pro and con for this two part series in the Telegram both come from people associated with the Atlantic Institute for Market Studies.

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