Word: bankses
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However the topic Obama might like to explore more than any other during the few hours he has with Harper - one with perhaps the most far-reaching consequences for U.S. recovery - is the Canadian prime minister's unprecedented spending to strengthen Canadian banks and keep credit flowing in the economy...
When earlier this year Harper unveiled his 2009 budget, he agreed to purchase an additional $50 billion in government-insured mortgages from Canada's major banks, bringing the total since the program was announced late last year to C$125 billion. Indeed the country's minority Conservative government has staked...
The trouble is that since the pump-priming EFF was launched with an initial purchase of C$25 billion in government-backed mortgages in October 2008, there is nothing to suggest it has made any progress toward achieving its stated objectives. To be fair, about C$40 billion has been...
It doesn't take long for rivulets of perspiration to trickle down Jenkins' face as he discovers the physical demands of the process. "We tried to do this on our own, but it was a joke," says Rick Banks, who, along with neighbors Jenkins and Fowler, raises farm animals near...
Simultaneously, the Khmer Rouge were planning the steps necessary for a radical shift to an agrarian society. During the Khmer Rouge's nascent days, the movement's leader, Pol Pot, had grown to admire the way the tribes on the outskirts of Cambodia's jungles lived, free of Buddhism, money...