World's anger at Obama policies goes beyond Europe and the NSA … Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States' closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don't widen and threaten critical partnerships. The quarrels differ in their causes a...Read More
EU Apathy: Leaders Fail to Make Progress at Summit … This week's European Council summit was sidelined by new accusations of US spying in Europe. But despite the distraction, it's clear EU leaders have deferred plans for greater integration, and lack the political will to address pressing concerns like migration. Ahead of talks in Brussels this week, European Union leaders said they...Read More
Most Americans accumulating debt faster than they're saving for retirement … A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation's troubled system for old-age saving, a new report has found. Three in five workers with defined contribution accounts are "debt savers,...Read More
Central Banks Drop Tightening Talk as Easy Money Enters 2014 … Bank of England Governor Mark Carney talks about changes to the central bank's money-market operations aimed at widening access and cutting the cost of liquidity insurance to the financial system … Bank of England Governor Mark Carney speaks about the U.K. economy and the central bank's policies … The Bank of...Read More
Most Americans accumulating debt faster than they're saving for retirement … A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation's troubled system for old-age saving, a new report has found. Three in five workers with defined contribution accounts are "debt savers,...Read More
Central Banks Drop Tightening Talk as Easy Money Enters 2014 … Bank of England Governor Mark Carney talks about changes to the central bank's money-market operations aimed at widening access and cutting the cost of liquidity insurance to the financial system … Bank of England Governor Mark Carney speaks about the U.K. economy and the central bank's policies … The Bank of...Read More
Money Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846We sometimes don't fully appreciate all the hard work that is done on our behalf On page four of this Guide, we note that Pembina Pipeline Corporation (TSX:PPL) inked a $115 million deal in September despite having made a $110 million expansion decision the month before .This kind of hard work is pleasin...Read More
The Investment Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846Key stock Finning International generated higher earnings and cash flow on slightly lower revenue in the first half of 2013. Even higher excess cash flow in the second half should enable it to repay debt and cuts its financing costs. Finning remains a buy.We regularly review Key stock Finning In...Read More
FACEBOOK'S ZUCKERBERG PAID RECORD $2.2 BILLION … Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a survey by a corporate governance firm. The report by GMI Ratings showed Zuckerberg's salary of $503,000 and bonus of $266,000 were eclipsed by stock options worth some $2.27 billion. This was...Read More
Global climate investment flatlines …The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change. These are the findings spelled out in the latest Climate Policy Initia...Read More
FACEBOOK'S ZUCKERBERG PAID RECORD $2.2 BILLION … Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a survey by a corporate governance firm. The report by GMI Ratings showed Zuckerberg's salary of $503,000 and bonus of $266,000 were eclipsed by stock options worth some $2.27 billion. This was...Read More
Global climate investment flatlines …The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change. These are the findings spelled out in the latest Climate Policy Initia...Read More
FARC rebels have yet again bombed Colombia's largest coal producer Cerrejon, derailing a train Tuesday evening.There were no injuries and exports will not be immediately affected, Cerrejon noted in a news release.This is FARC's second Cerrejon bombing in ten days. Rail service had just been restored after an October 13 attack and is now down again."An explosive device was detonated near the kilome...Read More
90,609,000: Americans Not in Labor Force Climbs to Another Record … The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or old...Read More
A chance to reshape the Federal Reserve … In the coming months, President Barack Obama will have the opportunity to make over the Federal Reserve Board of Governors and put his stamp on the U.S. central bank for years to come. Along with naming a new chairman, he will be able to fill as many as four seats on the seven-member board. The question is whether Obama will use his picks as an oppor...Read More
90,609,000: Americans Not in Labor Force Climbs to Another Record … The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or old...Read More
A chance to reshape the Federal Reserve … In the coming months, President Barack Obama will have the opportunity to make over the Federal Reserve Board of Governors and put his stamp on the U.S. central bank for years to come. Along with naming a new chairman, he will be able to fill as many as four seats on the seven-member board. The question is whether Obama will use his picks as an oppor...Read More
Investor's Digest of Canada, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846Investors who follow seasonal trends know that the best-six- month strategy begins in late October or early November.The first analysts to note that stocks tend to outperform from November to May were Americans Yale and Jeffrey Hirsch, who've been publishing the annual Stock Trader's Alman...Read More
Why is the liquidity trap? Credit where credit is due; Paul Krugman anticipated this where many others did not … Since late 2007 the monetary base has risen more than 300 percent, while GDP and consumer prices have risen less than 20 percent. And no, the disconnect is not all due to the 0.25 percent interest rate the Fed pays on reserves. The bottleneck remains, as it has for most of the pas...Read More
Are the Swiss having second thoughts about capitalism? … Top managers getting huge salaries must now deal with direct democracy … The extraordinary series of political initiatives on pay rates which are being put to Swiss voters is the sign of a rank-and-file "rebellion" against fat-cat salaries for top managers … The shock-waves after the carrying of the popular initia...Read More