Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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greenpeace protest alberta
BY RICHARD WARNICA AND LAURA DRAKE, EDMONTON JOURNAL

Greenpeace protesters occupied an oilfield property outside Edmonton on Saturday, the third dramatic demonstration the group has staged against Alberta’s controversial oilsands development in recent weeks.

Greenpeace spokeswoman Jessica Wilson said a group of 16 demonstrators locked themselves onto three stacks and a crane at the expansion site of Shell Canada Ltd.’s Scotford upgrader in Fort Saskatchewan.

Excerpt


The activists gained access to the site by scaling an under-construction upgrader, according to the group.

Greenpeace said that while 16 of its members were on site, three others had been stopped, arrested and charged with mischief and trespassing.

Fort Saskatchewan is 38 kilometres northeast of Edmonton.

Jeffrey Bradshaw was on top of one of the stacks with two other activists on Saturday.

Reached by phone, he said a fourth member of the group was blocking the ladder up to the stacks with hand-held locks and his body, so no one else could climb up. Bradshaw said a large group of police were below the stack he was on.

Officers from two Alberta RCMP detachments were on site, a police spokesman said.

The group of protesters was made up of people from Canada, France, Brazil and Australia, Greenpeace said.

“Greenpeace is occupying the upgrader in the heart of what many affected land owners call ‘cancer alley’ to continue exposing the climate crimes associated with producing dirty, dangerous and destructive tarsands oil,” protester Melina Laboucan-Massim said in a statement.

“We’re disappointed,” said Shell Canada spokesman Phil Vircoe. “Greenpeace chooses to use these unsafe and confrontational tactics that don’t really address their issues.”

The safety of the protesters and of employees at Shell properties is the company’s first concern, Vircoe said.

There were a few employees at the Fort Saskatchewan site when the activists broke in, he said, but no construction was happening because it’s the weekend.

This is the third time in recent weeks Greenpeace has protested sites in Alberta.

On Wednesday, 21 activists were granted bail by an Alberta court after they occupied the Suncor site near Fort McMurray, Alta., by floating down the Athabasca River.

The protesters blocked conveyor belts and unfurled a large banner on the river.

The oilsands have become a target for environmental activists around the world because the production of its heavy oil emits an estimated three times more greenhouse gases than conventional oil.

Full article BY RICHARD WARNICA AND LAURA DRAKE, EDMONTON JOURNAL

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