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Vancouver Budget Balances Books Without Tax Hike

Vancouver city council approved a 2026 budget, which includes a freeze on municipal property taxes. Vancouver City Council has approved a new budget that pledges no increase in property taxes, a move welcomed by many residents facing rising living costs. However, the financial plan comes with significant trade-offs: millions of dollars will be cut from arts programs, park services, and other community initiatives. City officials argue the budget reflects a commitment to fiscal responsibility while easing pressure on households. Critics, however, warn that reductions in cultural and recreational funding could erode the city’s vibrancy and limit access to public spaces. The decision highlights the ongoing challenge of balancing affordability with investment in community life. As Vancouver grows, the debate over how to fund essential services without raising taxes is likely to intensify.
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The Future of Tech Jobs: Four Trends Fueling Layoffs at Google and Amazon

 


The tech industry has been experiencing a wave of layoffs, with Google and Amazon being the latest companies to announce job cuts. According to a report by Challenger, Gray & Christmas, Inc., a job market research company, more than 720,000 tech jobs were cut in 2023, the highest yearly total since the Great Recession. Here are four worrying trends that are fueling these layoffs:

  1. Drive for profitability: Companies are under pressure to deliver profits to their shareholders, which is leading to cost-cutting measures such as layoffs.
  2. Remains of the pandemic hiring hangover: The pandemic forced many companies to hire more employees than they needed, and now they are cutting back to pre-pandemic levels.
  3. Rapidly developing AI: The rise of artificial intelligence is making some jobs redundant, leading to layoffs.
  4. Slowing inflation: Inflation has been slowing down, which is making it harder for companies to justify increasing salaries and hiring new employees.

The future of the tech industry is uncertain, but one thing is clear: companies need to adapt to the changing landscape to stay competitive. 

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