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Dates: during 2000-2009
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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...
...trust, said no. Now VG's website, VG.no, is Norway's biggest destination, period. In 2007 VG Nett, the paper's online arm, had pretax earnings of $23.4 million on revenues of $55 million, up 44% over 2006 and accounting for just over a third of VG's total profits. Online ad revenue is also over a third of VG's total. That's simply unheard of for most newspapers...
...Detroit More $$$, Please General Motors and Chrysler submitted restructuring reports to the Treasury on Feb. 17, asking the Federal Government for $14 billion in further emergency loans, bringing the total amount that the Detroit automakers have requested to $39 billion. GM says it needs $12 billion more to avoid bankruptcy and announced plans to lay off 47,000 employees and sell or phase out three of its marques--Saturn, Hummer and Saab--and reduce Pontiac to a "highly focused niche brand." Chrysler has asked for $5 billion and plans to cut 3,000 jobs...
...www.economiccrisis.com still available? VeriSign, which manages Internet domain-name registrations, reports that 17% fewer com and other standard Web addresses were registered in the fourth quarter of 2008 than in the same period in 2007, a slump analysts say may indicate a slowdown in new online businesses and advertising. Total registrations worldwide continue to grow, driven by demand in countries like China (.cn) and Germany...
...Army General David McKiernan, the U.S. commander in Afghanistan, gets his way, the total increase over the coming year will be 30,000. McKiernan has said he needs to beef up U.S. forces in Afghanistan to roll back a growing Taliban insurgency, especially before the presidential election currently slated for August. Indeed, U.S. officials say they have only 40% of the American officers needed to train the Afghan army to take over security duties at some point in the future But sending any additional troops to Afghanistan would require reducing U.S. troop levels in Iraq, and Obama has ordered...