Economic prognostications and political reverberations

Conservatives may soon regret that they did not capitulate to the Liberal-NDP coalition last December. They could have let it wear the recession.

TORONTO—Mackenzie King was Canada's longest serving prime minister; his Liberals set the record for federal government longevity with their uninterrupted 22-year rule from 1935 to 1957. One important reason for their success was their good fortune in losing the 1930 election. The stock ma...

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