U.S. economic woes point to wider recession

It isn't often federal Finance Minister Jim Flaherty can venture into Calgary and garner a round of applause.

In fact, ever since the infamous Halloween Massacre on Oct. 31, 2006 -- when Flaherty, on behalf of Stephen Harper's Tories, pulled the rug out from under the nation's unsuspecting income trusts and those Canadians who had invested in them, after having promised to leave them intact -- he's been persona non grata in this neck of the woods.

That the finance minister has also been travelling around the country tub-thumping for a single national securities regulator (likely to be located in Ontario) hasn't done much to help upgrade his image out here in the West, either.

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BEING POOR--AND MAINTAINING YOUR POVERTY--IS A VERY EXPENSIVE ...

Local real estate industry leaders made another stab this week at counteracting the growing tide of gloomy news about mortgages, foreclosure and home sales.

At a panel discussion assembled by the Mortgage Bankers Association of Georgia and the Georgia Association of Mortgage Brokers, representatives of bankers, brokers, real estate agents and builders encouraged consumers to "think of the glass as half full" despite the current woes of the housing market.

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Citigroup's $9.8bn sub-prime loss

Is the Federal gov't going to initiate their own Provincial Reconstruction Team? Will the have not provinces gets more over those richer provinces? Why not examine the possibility of getting a percentage back as part of provincial contribution sort of a 'Tax Rebate' back to the province depending on their own contribution. What about the current Tory's one time Billion dollar reconstruction fund? is that not working... so many questions waiting for answers... Posted 15/02/08 at 9:37 AM EST | Alert an Editor | Link to Comment . read more