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2007 Charlie Wilson War
A drama based on a Texas congressman Charlie Wilson's covert dealings in Afghanistan, where his efforts to assist rebels in their war with the Soviets have some unforeseen and long-reaching effects
Wednesday 26 November 2008 11:35 AFGHANISTAN
President Hamid Karzai says his government wants the establishment of an international deadline for an end to his country's civil war. Mr. Karzai says that in the absence of such a deadline, his government will have the right to establish stability through negotiation. It's the first time Mr. Karzai has mentioned the need for a deadline. The call comes at a time when the U.S., which has 32,000 troops in Afghanistan, is preparing to send as many as 20,000 more. Canada has 2,500 troops deployed in Kandahar province. According to the Associated Press news agency, more than 5,500 people, mostly militants, have been killed in violence related to the insurgency this year.
TORONTO: BMO HAS SUCCESSFUL QUARTER
The Bank of Montreal has reported a profit of $560 million for its fourth quarter ending on Oct. 31. On the strength of that report, its shares were trading at $36.24 on Tuesday morning, up 5.3 per cent. However, the stock was trading at $60 a year ago. BMO reports no losses due to credit or capital markets. This contrasts with Royal Bank of Canada, the country's largest, which said on Monday it expects to report a 15-per cent drop in quarterly earnings to $1.1 billion for the quarter ending Oct. 31 when its announces its quarterly and yearly results on Dec. 5. RBC attributes the decline to its connection with the ongoing global financial turmoil. Bank of Nova Scotia said last week it too will take a charge on mortgage losses.
Wednesday 26 November 2008 MONTREAL: BOMBARDIER TO EXPAND AT KUALA LUMPUR
Bombardier Inc. says it has won a US$35-million contract to extend its automated train system at Kuala Lumpur airport in Malaysia. The contract is to supply three more driverless vehicles and to modify the existing six-vehicle fleet. A contract totalling US$57 million will be shared with a local firm. Bombardier-built trains have been in operation at the airport since 1998.
Wednesday 26 November 2008 OTTAWA: CANADA DECLARED IN RECESSION
The Organization of Economic Co-operation and Development has declared Canada in recession, a state of affairs which the 30-nation grouping says will last into most of next year. The projection is the most severe of any projection for the economy by any official or quasi-official body. The international think tank says Canada's exports will suffer and that unemployment will rise above seven per cent, the rate now being 6.2 per cent. The OECD recommends that the Bank of Canada intervene by lowering its trend-setting interest rate. The central bank is expected to do so on Dec. 9. The OECD predicts an average contraction of .4 per cent among its 30 members next, the U.S. decline amounting to .9 per cent.
OTTAWA: FINANCE MINISTER SET FOR UPDATE
Federal Finance Minister Jim Flaherty will offer an economic update on Thursday. He has given little indication of what it will contain, other than to say it won't be a major economic stimulus package. However, his director of communication said on Tuesday that there will be a clampdown on discretionary spending by politicians and top civil servants that will save "tens of millions of dollars a year..." The minister has hinted that the economic message will provide temporary help for seniors and corporations to meet their pension fund obligations.
Wednesday 26 November 2008 Oil rises as Russia threatens cut
Saturday 22 November 2008 Obama's Treasury pick boosts Dow Jones index
President-elect Barack Obama wants New York Federal Reserve president Timothy Geithner as his Treasury secretary, news that... A senior Democrat told Reuters in Washington that Obama favours Geithner for the Treasury job, but had yet to make an offer. NBC News and The Wall Street Journal reported Geithner will be named when Obama unveils his economic team early next week, boosting stocks, which had been dragged down by fears over the financial health of Citigroup.
Thursday 06 November 2008 Obama assembles White House team
VP EDC Economics Weekly Commentary
Speed of recent change breathtaking - November 26, 2008
The adage “one month does not a trend make” was shattered in October. The speed of change in key economic indicators was breathtaking, and wasn’t confined to single economies, industries or ideologies. Analysts’ views on the economy’s near-term path, disparate just weeks ago, now vary only on the severity of the downturn. The dust kicked up by the rapid change and resulting post-October volatility has clouded the economic line of sight significantly. Past issues | his WN page
Commentary podcast.
Thursday 28 August 2008 Subject: Thank you again
Dear Diana and David,
I am still blushing at the honour I was given last night. Thank you.
And thank you again.
Love, Cleo
Thursday 31 July 2008 China’s Shift on Food Was Key to Trade Impasse
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