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It’s possible that I shall make an ass of myself. But in that case one can always get out of it with a little dialectic. I have, of course, so worded my proposition as to be right either way (K.Marx, Letter to F.Engels on the Indian Mutiny)
Here are my precogitations for Edmonton. Redmonton Not In The Bag for the ConservativesPrecogitation \Pre*cog`i*ta/tion\,
n. [L. praecogitatio.]
Previous cogitation. [R.] --Bailey
cogitation
NOUN: The act or process of thinking: brainwork,
cerebration, contemplation, deliberation,
excogitation, meditation, reflection, rumination,
speculation, thought. See THOUGHTS.
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Ford may trim jobs in Canada as revamp plan to slash 25,000 |
"We're going to be on the job next Tuesday, no matter what the election result, unlike the Liberal Party, that's going to be out of business until it cleans itself up,"Using even stronger language later, Mr. Layton said: "Who is really going to stand up for working Canadians? The smoking hulk of a defeated Liberal Party? Or a strong, united, renewed and effective NDP?"
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“Right now, the rest of the world owns $3-trillion more of us than we own of them,” Mr. Buffett told business students and faculty Tuesday at the University of Nevada, Reno. “In my view, it will create political turmoil at some point .... Pretty soon, I think there will be a big adjustment,” he said without elaborating.
The U.S. trade deficit for the first 11 months of 2005 totaled $661.8-billion (U.S.), surpassing the previous annual record of $617.6-billion set in 2004. Economists say when December figures are included, the final deficit for 2005 will top $710-billion. Mr. Buffett said he expects it to top $700-billion this year.
“That's $2-billion a day,” he said. “We are like a super rich family that owns a farm the size of Texas. You sell off a little bit of the farm and you don't see it.”
Fifteen years ago, the U.S. had no trade deficit with China, he said.
“Now it's $200-billion. If we don't change the course, the rest of the world could own $15-trillion of us. That's pretty substantial. That's equal to the value of all American stock,” Mr. Buffett said.
“That's the big danger. Our national debt does not bother me. Our public debt is not at a crazy level,” he said.
Meanwhile, Mr. Buffett said U.S. companies generally are enjoying some of their best times ever.
“Profits are at close to record levels. So business in America is doing very well — better than its lower-paid workers, by some margin,” he said.
“This is a pro-business United States,” he said. “If you get a group of businessmen together, they'll complain about regulation and liability suits, all kinds of things. Some of those things they are right about and some of it they are just complaining to complain.”
"No one country can afford to abandon state support; it's not possible to compete unilaterally without it. For the future, investment mechanisms may evolve, but this looks like an industry unlikely to kick the habit of dependence," says the 78-page study by Counterpoint Market Intelligence Ltd.
Indeed, co-authors George Burton and Richard Apps say there is a direct correlation between the pecking order of national aerospace industries and the level of government support they receive.
"Canada must be regarded as one of the success stories for the state funding of aerospace," particularly in terms of tax credits for research and development -- "one of the most generous R&D funding regimes in the world, with a 20-per-cent tax credit for every [dollar] spent," the report says.
Canada -- which claims bragging rights to the world's fourth-largest aerospace industry -- "punches above its weight," Mr. Burton said in a telephone interview yesterday.
"It's a sort of model as to how it can be done."
Funding of the aerospace sector in Canada -- particularly to Montreal-based regional jet maker Bombardier Inc. -- has been under fire for years from different quarters, including critics in the federal Conservative Party, which is now leading the governing Liberals in opinion polls in the current election campaign.
TagsUpdated Sat. Jan. 21 2006 2:13 PM ET
Canadian Press
OTTAWA — Stephen Harper's Conservatives are promising tax breaks if they're elected Monday, but just how much you'll get depends on how much you've already got.
Well-heeled Canadians, rather than low-income families, will enjoy the majority of the benefits from new tax measures promised by the front-running Conservatives, some analysts say.
Middle-income earners can also count on a few extra bucks, especially if they've got young children running around the house under the care of a stay-at-home mom.
But not a lot of cash will trickle down to poorer families.
That's because the Tory tax-cut plans aren't income sensitive, instead offering the same breaks to rich and poor alike -- which means in many cases higher-income earners will fare the best.
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National Bank of Canada increased the pay of chief executive officer Réal Raymond last year after profit climbed 18 per cent. Mr. Raymond was paid $7.4-million in salary, bonus, stock options and pension contributions, a 10-per-cent increase from $6.7-million a year earlier, the Montreal-based lender said yesterday in a regulatory filing. National Bank's profit climbed to a record $855-million, or $4.90 a share in the year that ended Oct. 31. Louis Vachon, who runs the National Bank Financial investment bank, earned $6.2-million, up from $4.1-million a year ago. Pierre Fitzgibbon, who became chief financial officer in July, earned $1.96-million in cash, bonuses, stock options and retirement benefits, while his predecessor Michel Labonté earned $753,500. NA (TSX) fell 19 cents to $60.90. Bloomberg
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A crewman walks past the tattered Canadian flag aboard the Canadian Steamship Lines bulk carrier Atlantic Superior, which is docked at Pier 34 in Halifax. (TIM KROCHAK / Staff)
The crew of a vessel owned by Prime Minister Paul Martin’s family is afraid the company is only waiting for the election to end before reflagging the ship and replacing the sailors with a foreign crew.
The Atlantic Superior, a 220-metre bulk carrier that usually works in the Great Lakes and St. Lawrence Seaway, is in Halifax for repairs to its engine.
The rumour on the docks is that Canada Steamship Lines Inc., the company Mr. Martin built and eventually handed to his sons, plans to register it abroad and hire a cheaper foreign crew, but is waiting until Tuesday, because the news might hurt Mr. Martin’s electoral chances if it came out in the middle of the campaign.
"That’s why he might have kept the Canadians on board until just after the election, because he knows that it would kill them if he would do so right now," said a union source, who asked not to be named.
The rusty ship, flying a tattered Canadian flag, is tied up at Pier 34 in Halifax, with a skeleton crew aboard.
"The Canadian crew have been pretty open about it around the port, that the ship will be reflagged and crewed with Russians after the election," said one waterfront source, who spoke on condition of anonymity.
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