Old Hat (horse) of Flowers, and Venture were also competing. Among this company, she was voted Champion Female Handicap Horse by the Thoroughbred Racing Association in 1964, although the rival "Daily Racing Form" chose the three-year-old Tosmah. Old Hat won both awards in her best season, 1965, when she was six years old. Old Hat raced for six years, starting in 80 races. She won 35 times, placed 18 times, and came in third 9 times. All in all, she was in the money 62 times. Old Hat (horse) Old Hat (foaled in Kentucky in 1959), was an American Thoroughbred racing mare by
Equalization payments in Canada of the most prosperous provinces have criticized the drain on their finances. Recent negotiations surrounding the renewal of the program have created considerable tension among provinces. Due to the zero-sum nature of the formula, increases in entitlements for some provinces necessarily lead to decreases for others. Normally, under the equalization scheme, equalization payments go down for every dollar increase in a province's ability to raise taxes. So, for example, if a province's economy booms and the provincial government's potential income tax revenues increase, equalization payments decrease. Economist Michael Smart has argued that this gives have-not provinces an incentive to raise