Word: expectation
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...lending in the U.S.; however, accounting for differences in size between the two economies, the figures are nearly identical. If Canadian banks, ranked best capitalized in the G7 according to the Geneva-based World Economic Forum, are sitting on massive cash injections to healthy balance sheets, what can Obama expect from U.S. banks...
...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...
Normally in economic cycles, stocks bottom several months before an economic recovery gets underway. Investors' hope for such a turn was surely dampened by the Federal Reserve's new reading on the economy. Details of a meeting of Fed officials in late January reveal that they expect the economy to contract this year as much as 1.3%, a sharp downgrade from their expectation for modest growth in 2009, expressed last fall. The Fed also said that unemployment could reach 9% by the end of the year...
...Which Oscar races do you expect to be most hotly contested? It has to be Best Actor and Best Actress. It's practically a toss-up between the top two in each category. For Best Actor, Mickey Rourke is the favorite at 6 to 5, while Sean Penn is the second choice at 7 to 5. The other three: Frank Langella at 6 to 1, Brad Pitt at 15 to 1, and Richard Jenkins at 40 to 1. For Best Actress, Kate Winslet is the favorite at 8 to 5, while I've got Meryl Streep...
...Redmont, professor of international communication at the University of Perugia, says both moguls may be realizing they have misjudged the situation. "They underestimated each other," says Redmont, a former Associated Press bureau chief in Italy. "Murdoch thought he was getting a monopoly on [pay TV], and Berlusconi didn't expect that Sky would grow so quickly." Given that both men are known for their business pragmatism, perhaps it's time for another lunch...