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Up in smoke - The Australian
AUSTRALIAN prosperity owes much to burning carbon and importing capital. The convict colony became commercially solvent by supplying raw materials to Britain's coal-fired industrial revolution. The nation's modern development remained hitched to the ...

No stimulus plan till next year, Ottawa says - Globe and Mail
Just In from Canada writes: The Harper government is wrong in waiting for Obama's inauguration hoping that the picture will be clearer, and perhaps hoping it would be easier to dove tail into U.S. actions. The picture won't be clearer by January 20 ...

Opposition takes hit as Tories move to cut $27-million subsidy for ... - Globe and Mail
What Harper should do is deny the vote in the next election to anyone who didn't vote in this past election. Then Harper's enthusiasts would have a commanding -- well, marginal -- advantage next time. Who needs democracy when you're a self-righteous ...

Banking blues - Hard to sympathize with RBC making $12M a day - Daily Herald Tribune
As the worsening economic crisis threatens to leave ordinary Canadian families jobless, if not homeless, let us all shed a tear for the unimaginable suffering of the nation’s beloved Big Banks. The Royal Bank of Canada (RBC), for instance ...

Banking blues - Ottawa Sun
As the worsening economic crisis threatens to leave ordinary Canadian families jobless, if not homeless, let us all shed a tear for the unimaginable suffering of the nation's beloved Big Banks. The Royal Bank of Canada (RBC), for instance, announced ...

Weekday Trader Extra: The Fed Tries to Top the TARP ---- By Randall W ... - Beurs.nl
THE FEDERAL RESERVE'S EXPLODING BALANCE SHEET is set to burgeon further, but the growth now appears more directed to Main Street than Wall Street. The Fed Tuesday announced plans for an additional $800 billion expansion of credit for mortgages and ...

Flaherty's instinct to cut out of step with world - Globe and Mail
Richard Stanczak from Corunna, Ontario, Canada writes: Typical Flaherty. He is still seething over his provincial defeat by Dalton Mcguinty which exposed his mishandling of the Ontario budget, leaving Ontario with a large deficit contrary to his ...

Retail sales soar past expectations - Globe and Mail
Mike G from Canada writes: If everyone just minds their own business and stop talking doom and gloom, things would get better. North Amercian economies are consumer driven. As consumer confidence goes down, there goes the economy. If the house prices ...

The world's stimulating debate - CBC News
World leaders from China to Mexico have announced plans in recent months to spend their way out of the global economic slowdown. Governments are scrambling to push their sluggish economies forward — almost always through more spending. As economic ...

An economy on the edge - Detroit Free Press
We're really going to have to wait and see how well this works. And we're going to have to get more details and insight, something lacking on Tuesday. Do we have a credit freeze? Yes. Will these new blowtorches melt the ice? We'll see. The Republican ...