Thursday, May 28, 2009
Tuesday, May 26, 2009
After campaigning last fall on a 'no deficit' platform, the Harper government announces something quite different.
The federal deficit will soar to more than $50 billion this fiscal year, setting a dubious record far eclipsing the bad old deficit days of the early 1990s.Read the story here.
Finance Minister Jim Flaherty announced Tuesday that the government's shortfall will be more than $16 billion higher in 2009-2010 than he forecast in January's budget.
"We will run a substantial short-term deficit this year which I would estimate at more than $50 billion," Flaherty said.
Wednesday, May 20, 2009
Tuesday, May 19, 2009
The ghouls and hustlers at play on the Web have been quick to exploit the interplay between Apple’s stock price and its CEO’s health. In October, one of CNN.com’s volunteer “iReporters”—the network is experimenting with so-called citizen journalism—filed an entirely false report that Jobs had been rushed to a hospital after a massive heart attack. Traders suspected that this was a ruse by the iReporter to profit from a fall in Apple’s stock price, though a subsequent investigation by the Securities and Exchange Commission concluded it was just a teen prank.More in The Atlantic here.