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Waterloo Chronicle (Waterloo, On1868), 24 Oct 2012, p. 6

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l mum moo (IIIRONICLE'Wt-dnesda),”(tuber A, 2012 ' Ayres 5 OFF SUPPLIES I _ : an, $20 purchase 5 be ore taxes “at“ : BAK'NC ~. ' Natural Almonds : Ayres 5 sumac-root , $ | NOT VALID WIOTHER OFFERS ‘_ 4 : VALID no" oct 24 - OCT. so ,. \ , t, .â€"---â€"------.-..â€"---.-.-.u.-- " ,_ .â€"--â€"-â€"----------â€"----------- 1‘ " ’ = on - ‘ *' , 0w /1b.s , r.» at is: s : an, $20 purchase l 3‘. if? : More taxes 2,; 3; - ' , a”! . “q . W 5 Ayres ~ i ., at = , . ,. 1 ° - ' SL‘PF'LILES we -» y w z 354 St. N.@Columbia : ’ 6%,. . .. a . . . stuns-100i an.» . . an. (entrance m 5*- “ R9811“ 5") i ~01va women owns 4’ ' 7». I . 51 ”I : vmornonoctn-nov.s ' , \ a , _. - .u , . VJ ; l I Canadian biologist David Suzuki, left, and former ClBC chief economist Jeff Rubin were at Wilâ€" " (L [I '“ frid Laurier University last week as part of a cross-Canada tour to discuss the end of economic if L _ ' ‘ m... , ‘ ‘ _ growth. nuts W mom ’ . t . - \ .. Iookin ataworldwithoutgrowth ' w“ . ' 3: \ 5.: i? ;'. :-\. ;“ \ . g o o , bnngs Suzula and Rubm together -.., . - ,. u I , we ' " ~ .. Bill/«minnow Suzuki has partnered continue to rise if compa- ‘ e a Chmnicle Sm” with Rubin for the trip and nies doing the digging hope . " ,,. " T. ' V ‘ urged the audience to aban» to turn a profit. ' v . he past four years don consumer culture “The tar sands are not ' 3~ " 4... ' have been marked by where economic growth economically viable when . g, i " " the rhetoric of eco- takes precedent over the oil was $40 per barrel, but ”Mal." " nomic stimulus. job cre- environment. when oil hits 5100 per barâ€" ‘ . ation and industry bailouts “The very word ‘eoonom‘ rel, the oil flows.” Rubin said. .- r to help lessen the blow of ics' comes from the same “We need high oil prices to the economic recession of word ‘ecology.’ eco. meaning pull it up from the ground." 2008. 'household' or ‘domain."‘ Yet as prices increase, But two of Canada's most Suzuki said. demand decreases and oil- Herflage Meadows ls NOW Open and ”lung Pas" profound thinkers are trav- dependent economies stall. elling across Canada sug- He said the recession of gesting that a permanent “That world is 2008, though tied to the sub- end to the growth cycle may prime mortgage crisis in the o soon be upon us over: Nat because United States. was triggered Hen C M68 0W8 left Rubin. former chief we will run out by inflation driven by the . economist for CIBC World - rising price of fuel. _._...___._____ __._______________ Markets and author of The OfOII, but because in 2004, oil was $30 per . . . . End of Growth. was at Wil- we cannot barrel but by 2008 the price GrOCIOUS Ret'rement LIVIng frid Laurier University last d - u was $147 per barrel. he said. week with renowned biolo- afior lt- As the cost of everything 208 Hespeler ROOd, Cambridge! ON Nl R 0A5 gist Dayid Suzuki to promde -!etfRubin from gas to groceries rose. a candid discussion of why On rheendofcheap ”WK? the margins for error shrank . we may be witnessing the rhathasfiwlledeconomic and people began defaulting - . . - beginning of the end of rh Malaya; ontheirmortgages. Even more beautiful on the msrdet Heritage Meadows offers growth. 8"” [0’ Wm Suzuki said the drive to seniors an allordoble monthly rent With no hidden costs or fees. The cause? The end or acquire more “stuff" since -- ~ . . cheap oil and coal. said “Our household as a the end ofthe Second World All utilities except phone arelncluded, and we ll take care of the Rubin and work, leaders an species is the biosphere_ me War is Partly to blame mo, as cooking, weekly housekeeping, and transportation. ill prepared to face that reali- zone of air. water and land well as the mass exodus of ty. whereall living things exist.” people from rural farms to We would love to have you 05 0 guest in our home. Visit US soon “That‘s not a message we Rubin said there is no crowded cities. It means , f | l d . d I. . l' l I want to hear and that's not a substitute for the cheap oil we've lost sight of how our or d persona out on enloy d e IClOUS comp ‘men ary mea ‘ message that politicians can and coal that has fuelled our actions impact the earth. It's the best way to experience our gtdClOUS retirement lifestyle deliver.” Rubin told a crowd economic growth over the “Farmers understand f th d » of several hundred people last 50 years. Economist's that we are deeply reliant on "S on ' last Wednesday night. expectations for growth are nature (but) we believe we . V . "So they summon their based on the illusion of can create our own habitat ' Three delICIOuS Chef-prepared meals served ddlly economic managers â€"â€" be it cheap energy as the norm. now." he said. . . . the Bank of Canada, the when really it's an anomaly. Suzuki said in a culture ' (:0an on-srle managers OVO'IOble 24 hours a day Federal Reserve Board, the he added. driven by consumerism. the . Scheduled local transportation Department of Finance, “That world is over. Not idea of getting by with less _ _ . ‘ . treasury secretary â€" and because we will run out of canbeterrifying for some. - Planned dCtIVItIeS, outings 8. SpeCldl events they say ‘stcp on the gas' and oil. but because we cannot “In the city. the highest , , . ‘pull all the economic levers afford it." priority is to get a job, and ' Weekly hOUSekeep'nQ 8‘ l'nen sen/Ice to get us more growth and As humans burn through you need a job to make the . All utilities except telephone . And SO much mo,e| more job creation. because the most readily available money to buy the things you ’ ' if you don't we‘re going to and easily accessible sources want. Economics are the get thrown out ofoffice." of fuel. the financial cost of highest priority now.” he Beautiful new suites are 3"" aval'able . Ca" now A direct result (if those extracting oil and coal from said. , actions is near-zero interest more energy-intensive loca« “Doing with less doesn't l0 anange YOU! V's"! 519-620-9999 rates. economic stimulus tions such as the Alberta all mean our quality of life its plans and bailouts â€"- along sands or deep beneath the going to go down through 070'? ”'5 W with blllion~dol|ar deficits. ocean means oil prices must the tubes”

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