Corporate Watch

It’s time for government to take action to stop money laundering.

In 2005, Raymond Baker, a leading authority on financial crimes, used US Treasury Department statistics of illicit money flows and money-laundering conviction rates to show that US law enforcement agencies failed to apprehend money launderers 99.9 percent of the time. And there is no reason to suspect Canada’s failure rate is any better. Estimating the extent of money laundering and catching the perpetrators share the same difficulty: the invisibility of the crime. That leaves us...

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Big tech may put up a fight but regulation is coming to the internet

A decade ago, the greed and carelessness of the financial industry dealt a serious blow to the global economy when financial products no one but their creators understood, imploded. The resulting economic collapse unleashed a wave of financial regulatory reform worldwide. Now the tech industry — while making some things more convenient, has made serious mistakes of its own. It has abused privacy, squeezed the competition, undermined quality journalism, casually spread hate (e.g. the recent...

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Uber makes its stock market debut – and its drivers go on strike.

On Friday, Uber became a publicly traded company. And to mark that occasion, Uber (and Lyft) drivers in the U. S. and parts of Canada went on strike last Wednesday. Why did the drivers go on strike? And why has Uber's stock price plunged since it went public Friday? Ironically, the answer to both questions can be found in an  April 11 document Uber released itself - its long-awaited Initial Public Offering (IPO) prospectus. It...

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The real story behind the NAFTA negotiations on autos and labour standards.

There is no question that Donald Trump rode a wave of anti-trade sentiment to victory in the 2016 presidential election. This included a threat to rip up NAFTA, which he called “the worst trade deal in the history” of the United States. Trump's was a populist message that tapped into long-simmering resentment over the loss of American manufacturing operations – including the loss of auto assembly and auto parts plants – to Mexico. And it...

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