Word: factly
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...stated objectives. To be fair, about C$40 billion has been spent to date, but Canadian banks are just sitting on the new cash like the proverbial goose. "There is no evidence of more credit becoming available," says analyst Michael Goldberg with Toronto-based Desjardins Securities Inc. "In fact loan growth in the economy is slowing...
...will be turned into credit that helps revive business and consumer spending. The main reason is that the North-American economy might be stuck in a classic liquidity trap, first witnessed during the Dirty Thirties when banks began hoarding newly created liquidity as insurance against a further downturn. "The fact is that since the failure of Lehman Brothers every bank in the world has been concerned with beefing up capital to survive the next few years," says Lawrence Booth, a finance specialist at the University of Toronto's Rotman School of Management...
...sales are not growing any more. As a matter of fact, they are shrinking and the drop is accelerating. Hewlett-Packard (HPQ), the largest manufacturer of PCs in the world said that its revenue from notebook PC sales dropped 13% in the last quarter and desktop revenue fell 25%. It is likely that results from Dell (DELL) will not be any better when it posts its quarter. Wall St analysts are starting to say that their surveys of retail outlets even show Apple Mac sales slowing...
...denial by the Gaza residents of their own culpability for civilian deaths [Feb. 9]. Gazans elected Hamas and enthusiastically supported and lauded the relentless bombardment of traumatized and beleaguered Israeli civilians by tens of thousands of deliberately targeted rockets and mortars. It is surely time for Gazans, and in fact all Palestinians, to internalize that actions have consequences and Israel has practiced unwarranted restraint in the face of the deadly provocation it could no longer ignore. Fay Dicker, LAKEWOOD...
Online citizens may be more plentiful in East Asia, but even there paper rules. In Japan, the average household still subscribes to more than one newspaper. In fact, the Japanese are the world's most avid newspaper readers, despite a dip in circulation over the past couple of years. "One would be hard-pressed to find another country in the world where newspaper companies are publishing several million issues a day," says Yoichi Funabashi, editor in chief of the Asahi Shimbun, the world's second largest daily (after its rival the Yomiuri Shimbun) with more than 8 million subscribers. Nonetheless...