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In the news … August 30, 2018

The ugly truth hiding behind Canada’s ‘low’ unemployment rate should worry us all

Touting Canada’s relatively low unemployment rate is a common refrain from the Trudeau government. For instance, Finance Minister Bill Morneau has repeatedly stated that “Canada’s unemployment rate is now the lowest it’s been in over 40 years” and “these are the real results of a plan that’s working.”
In reality, however, a broader assessment of Canada’s labour market performance shows things are not as rosy as Morneau suggests, particularly when measured against the United States. This is concerning because labour markets allocate our most valuable and productive resource: the work, effort and creativity of Canadians. When labour markets perform well, Canadian workers benefit from ample job opportunities, growing wages and a generally prosperous economy.
FINANCIAL POST

Are We on the Verge of a New Golden Age?

History doesn’t exactly repeat itself, but it does run in cycles. One of the most robust theories of such cycles was articulated by economic historian Carlota Perez, in her influential book Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages (Edward Elgar, 2002). It suggests that humanity can get through the current period of upheaval and economic malaise and enter a new “golden age” of broad economic growth, if the world’s key decision makers act in concert to help foster one.
STRATEGY + BUSINESS

Ontario Conservation officers going online in quest to crack cold cases

Every year a number of natural resources violations and cases go unsolved in Ontario.
They are difficult for conservation officers to solve, often because they happen in remote locations, where few eye-witnesses seem to be around.
28 charges and 48 warnings issued by the Ministry of Natural Resources and Forestry
Moose tracking app brings Indigenous knowledge and modern technology together
But the Ministry of Natural Resources and Forestry (MNRF) is hedging its bets that there are more eye-witnesses out there.
To that end, they’ve introduced an interactive online map where people can learn about the cold cases in their area, and possibly submit any related information.
CBC

Understanding Digital Strategy

Welcome to the HBR IdeaCast from Harvard Business Review. I’m Sarah Green Carmichael.
By now, there are probably few companies or CEOs out there who don’t buy into the need to incorporate digital plans into the overall plan for the company.
But for too many leaders, investing in digital just means the tactical, the piecemeal, the incremental. That’s not really enough to stay competitive in today’s market, even for non-tech companies, argues Sunil Gupta.
SUNIL GUPTA: So the challenge for a legacy company is they have to strengthen the core of what they have and build for the future at the same time. The analogy I use is its like changing the engine of a plane while its flying. And many times the plane is going to go down first – and that’s a scary thought – before it goes up.
HARVARD BUSINESS REVIEW

Air Canada says 20,000 mobile app users affected by data breach (video)

Air Canada says personal information of 20,000 of its mobile app users may have been affected by a data breach.In a news release, the airline explained that it noticed “unusual login activity” between Aug. 22-24 and “immediately took action.”
GLOBAL

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