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Small Time Deposits vs. Large Time Deposits


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Small time deposits have become an endangered species.

There was a temporary exponential trend failure (seen in the break from the blue line) heading into the Great Recession, but we're apparently getting back on trend soon (using the new red line).

Giant Sucking Sound

The phrase, coined during the 1992 U.S. presidential campaign, referred to the sound of U.S. jobs heading south for Mexico should the proposed free-trade agreement go into effect.

North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994.


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Source Data:
St. Louis Fed: Custom Chart
St. Louis Fed: Trade Balance: Goods and Services, Balance of Payments Basis

VANCOUVER - A coalition of British Columbia mayors wants the province's political leaders to join forces to end marijuana prohibition and tax the drug so their communities are safer from gang violence linked to illegal grow-ops.
Mayors from Vancouver, Burnaby, North Vancouver City, Vernon, Armstrong, Enderby, Lake Country and Metchosin make the call in a joint letter to B.C.'s premier, Opposition NDP leader and B.C. Conservative party leader.
The mayors said strict regulation and taxation are key to a new marijuana policy.
"Given the ongoing gang activity, widespread availability of marijuana and high costs associated with enforcement, leaders at all levels of government must take responsibility for marijuana policy," they said in the letter.
Vancouver Mayor Gregor Robertson said the joint letter to Christy Clark, Adrian Dix and John Cummins reflects the need to remove partisan politics from marijuana regulation.
Several of the mayors lead communities that have already adopted motions supporting Stop the Violence BC, a coalition of academic, legal, law enforcement and health experts seeking changes to cannabis laws.
"We see the detrimental effects of marijuana prohibition in our communities on a daily basis," said Burnaby Mayor Derek Corrigan.
"Huge profits for organized crime and widespread gang violence in our cities are the result of this failed policy. We put our citizens and communities at risk by not taking action now."
A Stop the Violence spokesman said provincial and federal leaders must develop laws that address the health concerns of marijuana while raising tax revenues and wiping out the huge profits pocketed by gangs involved in the marijuana trade.
Last year, four former Vancouver mayors also endorsed the Stop the Violence BC coalition with an open letter to B.C. politicians.
Larry Campbell, Mike Harcourt, Sam Sullivan and Philip Owen said a change in Canada's laws to end pot prohibition will reduce gang violence.