"FINACIAL CLOWN" - debut music video from "The Fools"

"FINANCIAL CLOWN" debut music video from "The Fools"

World credit crunch makes local P3 projects risky propositions

The Vancouver Sun has published a major feature that raises serious questions about the financial health of privately-financed infrastructure projects in British Columbia.The investigative report comes a day...

Costa's 'costalot' as Spanish tourism hit by crisis

As widely forecast, the current economic crisis and the fall in the value of the Pound Sterling against the Euro has had a severe impact on one of Spain’s largest industries , tourism. The latest figures released by the country’s National Statistics Institute even call...

Podango free podcasting service is dead

Podango.com is gone.  The podcasting service sent out an email to its clients announcing its demise.  Servers are overwhelmed in response."Dear Podango Customers (Podcasters and Station Directors)We at...

Top British church leaders target capitalism in Christmas sermons

In a number of pre-Christmas speeches and Christmas sermons, top church leaders in the UK have pinned the causes of the global economic crisis on the greed of banks and stock traders. " The Archbishop of York, Dr...

Indian insurance workers strike to fend off privatization

It seems like the Indian government is determined to privatize the country's insurance industry by raising the limit on foreign investment to 49 per cent. Workers say the insurance companies in India were insulated...

Ten signs of insolvency

The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail. " 1. A company Mercedes-Benz...

Madoff Fallout Victims Include Pensions and Charities

The Wall Street Journal has published a comprehensive list of banks, companies, non-profit organizations and individuals that are facing losses in a scheme that's rocking the financial world." The fallout from Bernard Madoff's alleged Ponzi scheme reverberated around the...

Bank Linked to B.C. p3s Raided by German Prosecutors

German prosecutors have raided the offices of a company linked to two high profile hospital projects in B.C. " German prosecutors said Wednesday they have searched the offices of troubled lender Hypo Real Estate...

British Columbia P3 Lender Has Exposure in Madoff Scandal

Dexia, the Belgian-French bank that's backing a number of the B.C. Liberal government's public-private partnership (P3) schemes to build bridges and hospitals, has admitted that it could face serious losses as a result of the Madoff fraud case. " Franco-Belgian lender...

Hansen, Baird Continue to Push p3s Despite Global Warnings

The federal minister in charge of transportation and infrastructure, John Baird, will be meeting today with B.C. finance minister Colin Hansen to talk about fast-tracking infrastructure investments to offset the slowdown in the economy. Both the B.C. and federal...

Mining industry South Africa to shed 10 000 jobs

One of the sectors in South Africa that has been struck hard by the economic crisis, is the mining industry. According to various trade unions, South African mining companies are about to retrench 10 000...

Economic crisis hits African countries

African countries, specifically those who strongly rely on the export of their natural resources, are feeling the crunch of the global economic crisis.Together with stock exchanges around the world, commodity...

How This Crisis Could Make You A Fortune

By all reasonable measures, we are already in a recession, says Shah Gilani. Deflation has become today’s number one threat. But massive government rescues mean another bout of inflation looms on the horizon. Shah says investors should look to short vulnerable stocks in...

The Danger Lurking Behind Obama’s Tax Policy

Following an historic election, we take a moment to examine just what an Obama presidency will mean to the United States - what we have to look forward to, and how he will deal with our current economic situation. And according Jim Davidson, some of the numbers just don’t...

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