Heads of the Federal Reserves of Atlanta, St. Louis and San Francisco this week have all expressed agreement on the fact that more stimulus – aka monetary accomodation - is needed for the US economy. John Williams (San Francisco), Dennis Lockhart (Atlanta) and James Bullard (St. Louis) – all voting members of the FOMC (Federal [...]
Any American who looks at Canada and sees a mere reflection of the U.S. (or who thinks they already “understand” Canada or know all they need to know about it) is not only predictably ignorant but just as predictably rude. Apologies to the offended – please, do go on and prove that you are the [...]
With news that Osama Bin Laden had been shot and killed by US forces on Sunday evening (between May 1 and May 2 in Pakistan), oil prices dropped and seemed to take other commodities down with it. More than three hours after the initial announcement on CNN, all commodities have sold off and analysts are [...]
Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits? Now they won’t [...]
He’s coming to visit Ottawa tomorrow (February 19, 2009) but it appears he’s doing his homework first. Check out this piece, from an interview he did today with Canada’s CBC.
I’ll quote part of it here in case that link disappears.
Obama Praises Canadian Banking System
“One of the things that I think has been striking about Canada [...]