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Petro-Canada Centre
The Suncor Energy Centre, formerly the Petro-Canada Centre, is a project composed of two granite and reflective glass-clad office towers of 32 floors and 52 floors, situated in the office core of downtown Calgary, Alberta. The Council on Tall Buildings and Urban Habitat lists the west tower ( as measured to top of the structure), as the 19th tallest building in Canada and the fourth tallest skyscraper outside of Toronto. The west tower overtook the Calgary Tower as the tallest free-standing structure in Calgary from its completion in 1984, until being surpassed by the neighbouring Bow in 2010. The office towers encompass of rentable office space with the complex also containing of retail and underground parking area. A glass-enclosed walkway (part of the +15 System) provides shelter and easy access to the surrounding buildings. The building was often called ''Red Square'' in its early years, a derisive reference to its primary occupant Petro-Canada, which was a federal Cro ...
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Calgary, Alberta
Calgary ( ) is the largest city in the western provinces and territories of Canada, Canadian province of Alberta and the largest metro area of the three Canadian Prairies, Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, making it the List of the largest municipalities in Canada by population, third-largest city and List of census metropolitan areas and agglomerations in Canada, fifth-largest metropolitan area in Canada. Calgary is situated at the confluence of the Bow River and the Elbow River in the south of the province, in the transitional area between the Rocky Mountain Foothills and the Canadian Prairies, about east of the front ranges of the Canadian Rockies, roughly south of the provincial capital of Edmonton and approximately north of the Canada–United States border. The city anchors the south end of the Statistics Canada-defined urban area, the Calgary–Edmonton Corridor. Calgary's economy ...
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Crown Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ...
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West German
West Germany is the colloquial term used to indicate the Federal Republic of Germany (FRG; german: Bundesrepublik Deutschland , BRD) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 October 1990. During the Cold War, the western portion of Germany and the associated territory of West Berlin were parts of the Western Bloc. West Germany was formed as a political entity during the Allied occupation of Germany after World War II, established from eleven states formed in the three Allied zones of occupation held by the United States, the United Kingdom, and France. The FRG's provisional capital was the city of Bonn, and the Cold War era country is retrospectively designated as the Bonn Republic. At the onset of the Cold War, Europe was divided between the Western and Eastern blocs. Germany was divided into the two countries. Initially, West Germany claimed an exclusive mandate for all of Germany, representing itself as t ...
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Suncor Energy
Suncor Energy (french: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world. Suncor was created by Sun Oil in 1979 as the merger of its Canadian conventional and heavy oil companies, the Sun Oil Company Limited and Great Canadian Oil Sands Limited. Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 780 company-owned, and 700 customer-operated retail and Diesel fuel sites, primarily in Ontario under the Sunoco brand (owing to Suncor having originally been established as a subsidiary of Sunoco). In 2009, Suncor acquired the former Crown corporation Petro-Canada, which replaced the Sunoco brand across its existing outlets. Suncor also markets through a retail network of Shell and ExxonMobil branded outlets in Colorado. H ...
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Brian Mulroney
Martin Brian Mulroney ( ; born March 20, 1939) is a Canadian lawyer, businessman, and politician who served as the 18th prime minister of Canada from 1984 to 1993. Born in the eastern Quebec city of Baie-Comeau, Mulroney studied political science and law. He then moved to Montreal and gained prominence as a labour lawyer. After placing third in the 1976 Progressive Conservative leadership election, he was appointed president of the Iron Ore Company of Canada in 1977. He held that post until 1983, when he successfully became leader of the Progressive Conservatives. He then led the party to a landslide victory in the 1984 federal election, winning the second-largest percentage of seats in Canadian history (at 74.8 percent) and receiving over 50 percent of the popular vote. Mulroney later won a second majority government in 1988. Mulroney's tenure as prime minister was marked by the introduction of major economic reforms, such as the Canada–United States Free Trade Agreem ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Flooding The Market
Flooding the market is an excess amount of inventory for sale causing an undesired drop in price for the product that can, in extreme cases, make the price go negative or make the products impossible to sell at any price. Businesses take measures to avoid that effect. For example, publishers will release books from popular authors under pseudonyms, as with the Kenyatta series by Donald Goines, which were published under the name Al. C. Clarke. The same also occurred for Stephen King, who published several books under the pseudonym Richard Bachman. Flooding the market can be done intentionally in an effort to eliminate competition and is then known as dumping. Examples In the United States in 1956, commodities traders Sam Siegel and Vincent Kosuga bought up large quantities of onions and then flooded the market as part of a scheme to make money on a short position in onion futures. This sent the price of a 50-pound bag of onions down to only 10 cents, less than the value of th ...
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Peter Lougheed
Edgar Peter Lougheed ( ; July 26, 1928 – September 13, 2012) was a Canadian lawyer and Progressive Conservative Association of Alberta, Progressive Conservative politician who served as the tenth premier of Alberta from 1971 to 1985, presiding over a period of reform and economic growth. Born in Calgary, Alberta, Peter was the son of Edgar Donald Lougheed and Edna Alexandria Bauld and grandson of Canadian Senate of Canada, Senator Sir James Alexander Lougheed, a prominent Alberta businessman. Peter Lougheed attended the University of Alberta where he attained his Bachelor of Laws while playing football at the University of Alberta before joining the Edmonton Eskimos of the Canadian Football League for two seasons in 1949 and 1950. After graduating, he entered business and practised law in Calgary. In 1965, he was elected leader of the Alberta Progressive Conservative Party, which held no seats in the legislature. He led the party back into the legislature in the 1967 Alberta ge ...
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Premier Of Alberta
The premier of Alberta is the first minister for the Canadian province of Alberta, and the province's head of government. The current premier is Danielle Smith, leader of the United Conservative Party, who was sworn in on October 11, 2022. The premier of the province deals with specific areas relating to Alberta and Alberta's relation on the national scene. The premier acts as a representative for the Legislative Assembly of Alberta and the Members of the Legislative Assembly (MLA) are in turn the representatives of the people of Alberta. Duties and functions To be effective, accountable and in line with custom, the premier is expected to hold a seat in the legislature, so the premier serves as the MLA for a riding and is elected as MLA by the constituents of that constituency. As with most government leaders in a parliamentary system, the premier usually wins his or her own election as MLA easily. However, on occasion, a premier has not been re-elected to their seat in a gene ...
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Socialism
Socialism is a left-wing economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership. As a term, it describes the economic, political and social theories and movements associated with the implementation of such systems. Social ownership can be state/public, community, collective, cooperative, or employee. While no single definition encapsulates the many types of socialism, social ownership is the one common element. Different types of socialism vary based on the role of markets and planning in resource allocation, on the structure of management in organizations, and from below or from above approaches, with some socialists favouring a party, state, or technocratic-driven approach. Socialists disagree on whether government, particularly existing government, is the correct vehicle for change. Socialist systems are divided into non-market and market f ...
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Calgary Herald
The ''Calgary Herald'' is a daily newspaper published in Calgary, Alberta, Canada. Publication began in 1883 as ''The Calgary Herald, Mining and Ranche Advocate, and General Advertiser''. It is owned by the Postmedia Network. History ''The Calgary Herald, Mining and Ranche Advocate and General Advertiser'' started publication on 31 August 1883 in a tent at the junction of the Bow and Elbow by Thomas Braden, a school teacher, and his friend, Andrew Armour, a printer, and financed by "a five-hundred- dollar interest-free loan from a Toronto milliner, Miss Frances Ann Chandler." It started as a weekly paper with 150 copies of only four pages created on a handpress that arrived 11 days earlier on the first train to Calgary. A year's subscription cost $3. When Hugh St. Quentin Cayley became editor 26 November 1884 the Herald moved out of the tent and into a shack. Cayley quickly became partner and editor. Eventually, the publisher's name was changed to Herald Publishing Comp ...
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Maclean's
''Maclean's'', founded in 1905, is a Canadian news magazine reporting on Canadian issues such as politics, pop culture, and current events. Its founder, publisher John Bayne Maclean, established the magazine to provide a uniquely Canadian perspective on current affairs and to "entertain but also inspire its readers". Rogers Media, the magazine's publisher since 1994 (after the company acquired Maclean-Hunter Publishing), announced in September 2016 that ''Maclean's'' would become a monthly beginning January 2017, while continuing to produce a weekly issue on the Texture app. In 2019, the magazine was bought by its current publisher, St. Joseph Communications."Toronto Life owner St. Joseph Communications to buy Rogers mag ...
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