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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...

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 »

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...

Author: /time Magazine | Title: Dow Hits Bleak Milestone: Below November Low | 2/19/2009 | See Source »

...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...

Author: /time Magazine | Title: Johnny Avello: Setting the Oscar Odds | 2/18/2009 | See Source »

...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...

Author: /time Magazine | Title: Berlusconi vs. Murdoch: Italy's Real Reality TV | 2/18/2009 | See Source »

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