Word: ottawa
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President Barack Obama is in Ottawa today for a private lunch with Prime Minister Stephen Harper, and the North-American economy is sure to be front and center. A softer "Buy American" provision in Obama's stimulus package that honors existing trade agreements such as NAFTA is sure to be discussed, as is the ongoing bailout of the North-American auto industry, which has deep roots in southern Ontario...
...first glance Ottawa's C$125 billion pales in comparison to the $1-trillion "bad bank" being contemplated by Obama to jump-start lending in the U.S.; however, accounting for differences in size between the two economies, the figures are nearly identical. If Canadian banks, ranked best capitalized in the G7 according to the Geneva-based World Economic Forum, are sitting on massive cash injections to healthy balance sheets, what can Obama expect from U.S. banks...
What is the worst fashion statement you have seen to date? Sarosh Shaheen, OTTAWA...
...That figure will likely be ratcheted down given that the Detroit Three are now expecting a possible loan from the TARP funds, but critics warn even if Ottawa steps up with billions of dollars in aid, it won't be able to secure any job guarantees. "The real action is between Detroit and Washington," says Joe D'Cruz, a specialist in business strategy at University of Toronto's Rotman School of Management. He's concerned that Washington could make the transfer of jobs from Canada - which accounts for about 15% of Detroit Three production in North American...
...Youth Organizing.” Though Nuni said the action groups did not develop concrete ideas as he had hoped they would, he said that the continued discussion was only part of the process. Elizabeth C. McKenna ’08, who worked for the Obama campaign in Ottawa County, Ohio, led the action group on youth organizing. “Why did you come today?,” she asked to spark discussion. “The election was a month ago.” Josh J. Wolf, a graduate student at MIT, replied...