How London 2012 was credit crunched

The financial magic of the Five Ring Circus is that the International Olympic Committee takes no risk, pays no taxes and can look forward to guaranteed benefits for its members and the extended 'Olympic family'....

Will the German government become defacto shareholder in BC P3s?

The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)...

P3 financing for Port Mann bridge uncertain

A plan to privately finance the twinning of the Port Mann Bridge and widen Highway 1 through a public-private partnership (P3) appears to be on shaky ground. The Australian financial partner in the scheme -- the market-battered Macquarie Group -- has been unable to secure...

Responding to Market Recoveries After Recessions for Canadians

Previous trends and expectations post-recession for Canadian consumers written pre-budget announcement. " ...Here is your New Year's buffet of financial information: they are in no particular order of importance, and could possibly be outdated by the time you read them. An...

Madoff-ed Alexandra Penney is now blogging and it is Really Awful

For those of you who don't know the story, one of the people who was allegedly defrauded by Madoff's giant 50 billion dollar ponzi scheme, is now writing a blog about it.  It's called the 'bag lady papers'...

Secondhand Stores Sparkle in Drab Retail Industry

I've always shopped second hand. Maybe because I've always liked the look of my grandmother's closet or I have an affinity for peculiar smells, but one of the best Christmas presents I received this year was a trip...

B.C. P3 lender posts largest 2008 loss on key European index

Dexia, the Belgian-French bank that's bankrolling three major infrastructure projects in British Columbia, saw its stock value plummet by more than 81 per cent in 2008. It was the largest loss by a company listed on France's benchmark CAC index this past year, ahead of...

Job Outlook for 2009: Tips for Surviving the Downturn

"* Make sure your boss knows how you help the company. "If your manager doesn't understand how much you contribute, he or she cannot defend you when asked to make cost-cutting decisions," Vincent says. * Make...

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...

Bush Admits He Was Forced to Abandon Free Market Principles

Yes George, the market doesn't always have the best interests of your electorate at heart. " US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the...

The Next Depression?

With markets in free fall, economist Peter Schiff opposes stimulus and printing money to fund it

Tourism co-operation between Hanoi and localities bring economic benefit

The north-western mountainous region is a place of potential for tourism with many places of interest and famous historical and cultural relic sites." Tourists to a hamlet in north-western region   Besides, traditional festivals and ...

Worrying signs as Vietnam’s peak tourist season approaches

The world economic crisis and high domestic inflation is hitting Vietnam’s tourism industry, which is not expected to meet a target of welcoming five million international tourists this year. " Culture, Sport and Tourism Minister...

Financial Innovation = Creative Counterfeiting Schemes by Wall Street

The new Sanity Check blog by Bob O'Brien is out. He gives us his take on the subprime meltdown. For those who get befuddled by the convolutions used to explain how they first naked short the stock and then naked short the bonds, using cdos, tranches etc, he included a picture...

Employers cut 533K jobs in Nov., most in 34 years

"Employers cut 533K jobs in Nov., most in 34 years Dec 5, 2008 Economy Dec 5, 3:22 PM (ET) By JEANNINE AVERSA WASHINGTON (AP) - Skittish employers slashed 533,000 jobs in November, the most in 34 years,...

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