Saturday, 7 September 2013

Canada's Professional Crystal Ball Gazers Get It Wrong.

Again!
For the fourth time in seven months, the Canadian economy has shed jobs, pushing the jobless rate in July up to 7.2 per cent.
Statistics Canada reported Friday that the economy lost 39,400 jobs last month, pushing the unemployment rate up 0.1 percentage points to 7.2 per cent.
Much of the decline came from the public sector, where there were 74,000 fewer jobs. The private sector and the ranks of the self-employed both increased slightly.{...}
The poor jobs showing was a huge miss compared with the gain of 17,000 that economists were expecting.{...}
"Aside from providing great sport and serving as an eternal source of embarrassment for forecasters, do the wild gyrations in monthly jobs actually mean anything for the economy? Not really," BMO economist Doug Porter said of the data.
Yet still, when they make projections about the character of the labour market ten, fifteen, twenty years in advance we're supposed to take their word for it. I take the Weather Network's short-term forecasts with a grain of salt. I have little reason to believe what some overpaid, over-educated putz in an expensive business suit sitting in some office in a bank tower thinks the future will look like in ten years.

They are employed in these positions - and paid handsomely too - because they are able to convince people that they know what they're talking about when in fact they don't. People fear uncertainty and want to know what decisions to make today to affect a fortuitous outcome in the future. And they're willing to pay for it.

No one can predict the future. No one, yet the government has shaped immigration policy around what these occasionally-right-by-way-of-a-lucky-guess palm readers say about labour market trends. They are wrong often enough that we shouldn't be listening to them at all and it's a very real possibility that the future Canadian labour market they predict - one that necessitates the highest immigration intake quotas in the world - will not come to pass. If so we are in the process of stock piling a labour force of which supply exceeds demand and with this comes a bevy of social problems.

Another Drug Bust, Another Perp List That Reads Like A Chinatown Phonebook.

Like Canada's biker gangs are not enough of a problem.
Five people face numerous charges and pills with a street value of $40 million are now in the hands of police following what investigators are calling the largest methamphetamine bust in Ontario history
In July, officers from the province’s Asian Organized Crime Task Force — a specialized, multi-force crime-fighting unit — executed search warrants at a handful of homes and businesses in the GTA, Campbellford and Warkworth. 
The blitz resulted in the seizure of 120 kilos of pure methamphetamine, which investigators estimate would have produced around four million pills. {...} 
Charged with trafficking, production and possession offences are Jimmy Sut Jhing Ng, 55, and Sui Yuan Zhao, 39, of Campbellford, Kok King Chao, 49, and Joey Sui Hung Mo, 45, of Aurora, and 28-year-old Chun Kit Wong of Markham. 
According to a police source, the clandestine operation was something of a close-knit affair, involving two couples and an accomplice.
If it's pot it's typically Vietnamese. If it's methamphetamine it's typically Chinese.

This is not the first time nor will it be the last time a meth producing operation gets shut down and those arrested are mostly if not all of Asian decent.

I think it's safe to assume Asians dominate the Canadian illegal drug trade. If not, then they have at least secured for themselves an influential presence within it. That the provincial police of Ontario has something called an Asian Organized Crime Task Force tells us a lot.

Canada produces enough crime domestically already. We don't need to import it. Indeed, I often wonder what Canada's crime statistics would look like if the immigration system was more selective and imported a lot less people.