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The International Economic Forum of the Americas’ Conference of Montreal was covered this week by BNN’s Amanda Lang, who interviewed the World Bank President (Robert Zoellick), the managing director of the International Monetary Fund (Dominique Strauss-Kahn), former U.S. Secretary of State Madeline Albright and the CEO of General Electric (Jeffrey Immelt).
I’ll provide a brief overview [...]
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We: fellow bloggers, readers, members of the media, financial analysts, and government officials such as Ontario’s Premier Dalton McGuinty. This past Friday (March 27, 2009) Mr. McGuinty was quoted (in response to a possible freezing of the minimum wage in Ontario) as saying
“What’s happening here is big, really big,” said Mr. McGuinty. “We can’t keep [...]
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Here it is, folks. China’s Central Bank officially asking to bump the greenback from the world currency reserve. Yes. It’s for real. So far the EU has rejected the call. But the communique was written, in an unprecedented move, in both Chinese and English so the world community could understand it (or at least, [...]
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Unlike some Bloomberg commentators have implied when they said that “we’re all in this mess together,” (ie., if the US goes bankrupt, it’s not just the US’s problem) the rest of the world should not be held accountable for what were originally US administration accounting problems and US I-banking greed which caused the original off-balance-sheet [...]
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Another rally in the markets today. The US dollar is down again and the Canadian dollar is up by another four cents, following on oil’s rise above $66 (it’s now at more than $68 after hours as I write). Quite amazing how quickly the cash flows back in once those on the sidelines sense there’s [...]
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When you consider all that’s been happening and put it on a short timeline, it’s amazing that we’re still seeing so much coordinated effort internationally. This is great. No one anywhere wants global markets in chaos. It’s a good sign, in a way, that there is so much financial cooperation (at least that public knowledge [...]
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Here’s a webcast you might want to watch about how to fix the world’s current financial crisis. It took place last Monday at Columbia University’s Earth Institute, featuring:
George Soros, global financier and philanthropist, founder and chairman of the Open Society Institute and the Soros foundations network, and chairman of Soros Fund Management LLC.
Nouriel Roubini, professor [...]
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