A former lobbyist talks about the real power in government – and it should scare the heck out of all of us.
Sure spending a $1000 on a whale watching cruise and calling a tsunami awareness exercise is outrageous but why the lack of outrage over equally absurd and questionable spending of our tax dollars?
Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble 1 was, which began to implode in 2006, or how crazy Housing Bubble 2 is or was – can hold a candle to the most splendid housing bubbles in Canada. Instead of a Financial Crisis and a mortgage crisis and Housing Bust 1, the bubbliest Canadian markets only had a little-bitty dip, and within months were back on track to what would be an 18-year housing boom that is now coming undone…Click here for full article.
Canadian’s have a lot of things to be proud of but the stock market isn’t one of them. This is what it looks like; about $2.3 trillion divided into 9 sectors. Source: Data from www.tmxmoney.com It’s not difficult to spot the obvious failing. Two sectors (Financials and Resources) account for over half of the […]
The financial pains and strains continue to grow for the world’s most indebted oil company, Petroleos de Mexico (Pemex). Standard & Poor’s became the latest in a succession of rating agencies to downgrade the company. Pemex is state-owned. So S&P has two credit ratings for the company: One, as if it were a stand-alone company; and one for the company as part of the Mexican state.
S&P slashed its stand-alone rating of Pemex three notches to ‘B-‘ from ‘BB-‘ on growing worries…Click here for full article.