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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 its political fortunes on the so-called Extraordinary Financing Framework (EFF), intended to counter the credit crunch by providing up to C$200 billion in credit for consumers and businesses. (Read "Canada Faces Recession - and a Political Crisis...

Author: /time Magazine | Title: What Obama Can Learn From Canada on Bank Bailouts | 2/19/2009 | See Source »

...Canada, the Harper government is purchasing good assets from financial institutions, including TD Bank Financial Group and Royal Bank of Canada, with a low probability of default, and does not expect EFF to cost taxpayers a single penny...

Author: /time Magazine | Title: What Obama Can Learn From Canada on Bank Bailouts | 2/19/2009 | See Source »

...Administration hasn't wasted much time. On her first trip outside the U.S. as Secretary of State, Hillary Clinton is hitting four Asian countries in an eight-day sprint--the latest high-profile figure to be the face of America abroad. (The President's first foreign destination: Canada...

Author: /time Magazine | Title: The World | 2/19/2009 | See Source »

...seems that no institution, even those that support milk-sharing, is willing to endorse women who offer their milk without a breast pump serving as an intermediary. The Human Milk Banking Association of North America, which screens and distributes donated milk to hospitals across the U.S. and Canada, insists that banked milk be pasteurized before being distributed...

Author: /time Magazine | Title: Salma Hayek, Breast-Feeding and One Very Public Service | 2/12/2009 | See Source »

...House; he later became Maine's governor. Snowe replaced George Mitchell when he retired from the Senate in 1994. Collins, 56, was one of six children in a politically active family in Caribou, a town of 8,300 at the nation's northeastern tip, 15 miles (24 km) from Canada. Her father was a state senator; her mother, a mayor; and an uncle, a state supreme court justice. She learned her way around Capitol Hill working as an aide to Senator William Cohen for 12 years. After losing a bid for governor in 1994, she made a run for Cohen...

Author: /time Magazine | Title: How Maine's GOP Senators Are Key to Obama's Agenda | 2/12/2009 | See Source »

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