Britain's PFI projects may look for huge government bailout

Public finance initiative (PFI) projects in Britain may be looking for a multi-billion pound bailout from government as funding sources dry up in the wake of the global economic crisis. Some think that when the British government brings down its budget in April, there will be...

Appeal court overturns drug, gun convictions over police mistakes

Barry Artiste Op/Ed Two time convicted Drug Supplier gets his conviction overturned over semantics by a Moronic Judge who despite this guy was convicted of the exact same offence in 1999 and finds this Drug Supplier Innocent on these new charges, because Police mistakenly...

Port Mann bridge partner reports massive losses on toll roads

The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the bath on its toll road assets around the world. " Macquarie...

B.C. P3 lender burning through government loan guarantees

The Belgian-French bank that's supplying the financing to several public-private partnership (P3) projects in British Columbia has exhausted half of the government guarantees it received in a September bailout. Dexia is a financial partner in the Royal Jubilee, Kelowna and...

U.K. woman’s 35-year search for dad ends in B.C.

Barry Artiste Op/EdOne can only imagine the elation of finding your parent after such a long time. For one Briton it ends in British Columbia."From the time she was 17, Rosemarie Mychajlow had searched tirelessly for her father. Thirty-five years later, the British woman...

Macquarie signals huge losses day after P3 mega-bridge announced

Just a day after the B.C. Liberal government announced plans to supersize the new Port Mann bridge crossing comes news that the project's private partner is facing major write-downs on its other infrastructure funds and equity investments. In an operating update released...

UK strike regarding use of foreign workers rolls on

More British workers are joining a rolling strike in support of demands that domestic rather than foreign labour be employed at the Lindsey oil refinery in Lincolnshire. " Contractors at two nuclear plants have walked out in support of protests over the use of foreign...