Carnival continues to ride the wave of higher prices.General Mills sales are decliningBut would be a lot worse if not for their pet business.Yet, JM Smucker’s pet division had a double-digit sales decline.And a look back.Airliner JetBlue is seeing declines in air travel.Its share price has been a 25-year disaster.Student loan delinquencies in the US are soaring.And government workers have a sweet deal.Insolvencies in Canada fell in April.We may finally be getting to a level that is less influenced by government.Jobs growth in Canada has been nonexistent since January.The unemployment rate is the highest in 9 years.No Financial Ructions this week.In our book review of The Way the World Works, we look at the age-old issue of how much wealth should be redistributed.And the importance of relying on a sound system rather than hoping the right leader happens to come along.Low taxation, a strong currency and the rule of law lead to economic prosperity.We’re currently moving in the wrong direction.

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