It's been an absurd summer, and I'm not talking about the Manitoba weather. Three weeks after postponing the start of the season, Argentina's Apertura finally kicked off on Friday. The delay wasn't nearly as long as it might have been, although the landscape of Argentine football is markedly different today than it was in July. By the end of last season's Clausura, some clubs were unable to pay their players' wages. That's the real reason why the Apertura was postponed, although it was overshadowed by the AFA's whinging over television contracts and request for a government bailout. Felipe Melo and Fabio Cannavaro will be integral to Juve's fortunes as well. Melo is the holding midfielder in Dunga's Brazil side and will play a similar role at Juventus. Cannavaro, meanwhile, played two s...
... the economic downturn and the financial bailout provided by the governments of the United States a...
We all know what Homer Simpson and Stephen Harper have in common: They both think they are nuclear quality control experts. The difference being that Homer's mistakes don't cost lives whereas Harper's catastrophic bungling of medical isotope management is a life-and-death crisis for the entire world. If Harper does not want history to label him the Homer Simpson PM, he needs to invest in Chalk River's MAPLE reactors to ensure there is an end to these utterly tragic and needless medical crises. Being a Canadian who was born in (British) Hong Kong and once attended St. Stephen's College, the boys' high school that was turned into the British and Canadian Army field hospital during the final days of the Battle of Hong Kong in December 1941, I was well aware of the role that Canadian soldie...
...The Harper government should be shovelling the stimulus cash into Manito... federal government has spent on numerous bailout projects, the mere $150,000 required by the Hong K...
In the first 10 days of October, the Canadian dollar has lost more than nine cents, when the loonie closed at just below 94 cents U.S. Its dramatic fall this month reflects lower commodity prices, especially oil, along with weak economies around the world and concern that Canada's banks are being affected by a global credit crunch. The loonie is also being sideswiped by rising demand for the U.S. dollar as the United States government tries to borrow heavily in global money markets to finance its US$700-billion bailout of banks.
I believe the citizens of Winnipeg voted [Sam Katz] in as mayor because of the extraordinary skill, expertise and vision he has as a businessman. He did, after all, bring the Goldeyes and Canwest Global park to the city. However, I also believe Katz had the vision and wherewithal to see an opportunity to enhance his bottom line by securing, via Riverside Park Management, a plot of land that somehow did not exist in the minds of city hall for five years. This enabled Katz, again via this "non-profit" management corporation, to charge parking fees to patrons of his ball park, while there were no taxes or fees paid to the city for three years. Katz has subsequently questioned the intent of a minority of councillors and the media as to having a vendetta against him on issues such as this. T...
... of deregulation, free markets, minimal government and trickle-down economics, that beacon upon a hil...government's $85 billion bailout of this major international corporation "nationali...
In Jerry McGuire, Tom Cruise gets into rap-like exchanges with one of his sports clients, screaming the line "Show me the money." It worked as fiction, but it's not what we need from politicians who are, in the real world, about to nationalize the U.S. auto industry, pretending to be bankers buying into the economy, and pressing for green agendas out of another disaster film, An Inconvenient Truth. Green policies and mandates are the greatest threat to the U.S. auto companies, and to the U.S. economy. Fuel-efficiency standards are already responsible for draining billions of cash and chunks of market share away from Detroit. Now Detroit is being forced into putting all its research eggs into one product category. GM has halted research and capital spending, except for its multibillion-d...
...government takeover of the North American auto industry. It m...
What happened, of course, was that the rising prices became unsustainable. As the economy ground to a halt under the impact of rapidly rising prices, new office towers stayed empty. As unemployment grew, the demand for homes slumped. Stock prices plummeted. In the U.K., for a time, it felt as though the capitalist system itself might break under the strain. It didn't, but the atmosphere of gloom and doom was pervasive. Foolish lending practices have threatened the biggest mortgage guarantors in the United States, the quaintly named Fannie Mae and Freddie Mac. Fannie Mae - The Federal National Mortgage Corporation -- was created during the Depression as a mortgage guarantor to encourage banks to lend to homeowners. Freddie Mac - the Federal Home Loan Mortgage Corporation -- was created 3...
... have always assumed that the American government would never let them fail. With a massive $5 trill...The federal government "rescue" and bailout of the two companies last weekend happened because...
Premier Gary Doer has steadfastly refused to launch an independent inquiry into the management of the Crocus labour-investment fund that has jeopardized the money of some 34,000 Manitobans lured to the fund by attractive tax credits. The fund, which ceased trading in December, 2004, was the subject of a damning Auditor General's report last year. Jon Singleton called for a criminal investigation after concluding Crocus lied to investors in 2002 when it publicly announced a $10-million bailout from a Quebec fund as an investment. The auditor also found the Doer government was implicated in the fund's demise, permitting it to step outside its rules of investment, while co-investing in a number of ventures with Crocus and allowing apparent conflicts of interest through intermingled directo...
Friday's comments -- made in separate appearances -- by [Ben Bernanke] in Jackson and [George W. Bush] in Washington, sought to send a reassuring but tough love message: Fed policy-makers and the Bush administration are on top of the situation that has unnerved investors around the world and raised anxiety on Main Street. But they'll act in the best interests of the economy. The government's got a role to play, but it is limited," Bush. "A federal bailout of lenders would only encourage a recurrence of the problem.
... before its bankruptcy and needed a government bailout to survive. It emerged in the summer of 20...
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