Calgary suffered a recession in 2016 and unemployment topped 10 per cent that November, as thousands of head office jobs disappeared. On that day, benchmark U.S. oil costs had been US$82 a barrel — proper about where they closed on Friday. In a wide-ranging interview, Calgary’s 36th mayor appeared again at the forces that formed the city’s economic system and business neighborhood throughout his tenure — and spoke about the challenges forward. McAfee pointed to the need for main, long-term structural change somewhat than momentary fixes so as to redress past and ongoing inequalities.
The Australian Government’s response to the Indonesian crisis has been to supply direct emergency assistance to Indonesia and to contribute, each financially and at a policy level, to the IMF program of help. Since October 1997, the Government has provided $8.eight million to numerous packages designed to help relieve problems created by the drought, increasing meals costs and unemployment, particularly in the worst affected areas of jap Indonesia. Australian officials and advisers have additionally been working with Indonesian agencies to develop strategies to create employment in affected areas. The Government has said that the loan is conditional on fulfilment of the terms of the IMF reform …