Thus, the Fed is in a dilemma. If it ‘tightens’ monetary policy ‘too much’ and hikes interest rates ‘too quickly’, it could cause the cost of borrowing to invest or spend to rise to the point where new investment in technology slows and consumer demand for products fizzles out and there is an economic slump. This is particularly the case, given the record high level of corporate debt. Alternatively, if it does not act to reduce and stop its monetary injections and raise rates, then high inflation may not be transitory at all.

The vote comes after staff warned in a supplementary report released just ahead of the Thursday meeting there would be "considerable risk" of not being able to clear roads, sidewalks and bike lanes by the time snow starts flying in 2022, that would jeopardize public safety if council didn't approve the deal this week.

Some have responded to Omicron with despair at the possibility of ever exiting the pandemic. Others have dismissed the new variant, given preliminary data suggesting milder disease. How should the Left navigate the evolution of the virus amid such uncertainty?

The police will do everything they can to change the channel from their alleged crimes, but we have to stay focused.

The United Nations vote to confirm the credentials of Venezuelan diplomats representing the government of President Nicolás Maduro, coupled with the recent report by the UN High Commissioner on Human Rights condemning Colombian state violence, reveals the hollowness of Canadian foreign policy in Latin America and gives the lie to Canada’s contention that the “Maduro regime” is a global pariah and a rogue state.

Billionaires pay almost no taxes on their inordinate wealth. Imagine what a 15-20% wealth tax could do for affordable housing, public transit, and climate action. In our latest video, Linda McQuaig makes the case for taxing billionaires out of existence.