NDP to receive 25 per cent of cabinet seats, however, NDP will not receive Finance or Deputy PM positions. Bloc will prop up government.
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NDP to receive 25 per cent of cabinet seats, however, NDP will not receive Finance or Deputy PM positions. Bloc will prop up government.
Amount of fiscal stimulus recently announced by:
United States : $1,859 billion
China : $726 billion
United Kingdom : $518 billion
Japan : $341 billion
Germany : $264 billion
France : $93 billion
Canada (2008 Fiscal Update): -4.3 billion
"We'll present a complete, comprehensive budget," [Flaherty] said. But his message was muddy when it came to what kind of approach the government will take to spending to stimulate the economy...
Michael Ignatieff said he heard nothing in Mr. Flaherty's announcement that would dispel coalition talks by the opposition.
"...I didn't hear anything in Mr. Flaherty's statement that backs us off this ledge," he told the CTV program.
I donated 1000 dollars to the Conservative Party of Canada this year, and 400 to my local campaign.
What has transpired in the last 72 hours has absolutely disgusted and disillusioned me. At the first Conservative Party Convention (in what seems like a lifetime ago), we were told, and told eachother that we would do it better than the other guys. Accountable government, no tricks, no slimy games, just good governance and a United Right.
We, the grassroots of the CPoC have told ourselves that the compromises in policy were simply a temporary condition necessary to achieve power.
We the grassroots of the CPoC told ourselves that the misgivings of this government in its campaign spending, were simply trumped up allegations, created by vengeful officials at elections Canada and members of the left wing media.
We the grassroots of the CPoC turned a blind eye when government grew under Harper, not shrank as promised.
We of the grassroots watched with awe as the facade finally came crashing down this thursday, and the people we placed in power, were exposed as lying, conniving, inept opportunists, just as bad as the people we removed from power 3 years ago.
I will never donate or volunteer on a campaign so long as Stephen Harper is the leader of the Conservative Party. We have given him four elections, and he has been incapable of inspiring Canadians, passing any of the policies we developed within the party, or taken one step to dismantle the corrupt and bloated institutions of our socialist system.
I will be mailing my card back to Conservative Party headquarters tomorrow.
Harper's problems do not appear to be trivial. Clearly, for obvious reasons he wants a robust, conservative majority. Although his problems stem from the current global economic crisis, he also carries the lingering, fetid stench of Bush neo-conservative attitudes. A chief source of that is the American Tom Flanagan, an Illinois born Goldwater conservative with Leo Strauss defined political reflexes and a Rovian persona. He is one of the key players and a core advisor in Harper's political life. Following the last election, Harper put him on the payroll. If nothing else, that alone is a signal to Canadians that their Prime Minister has every intention of turning up the heat on his neo-conservative agenda. Of all the irritants Harper represents in left-of-center Canadian politics, the sulfurous odor of American neo-conservatism just might be one of the most potent.
Experts doubtful a Liberal-NDP coalition would work
As talk of a potential coalition government swirls through the halls of parliament, some experts in Canadian political history say the reality is it will likely never come to fruition.
There's "not a chance" that the Liberals and NDP will be able to convince Governor General Michaëlle Jean they'll be able to form a working coalition, says Barry Cooper, a political science professor at the University of Calgary...
"The Governor General has to be convinced that this coalition is real," he said, noting the party's MPs won't necessarily listen to Broadbent or Chretien.
"If she thinks it's doable she is in deep doo doo."
Cooper says that even if the governor general granted the opposition parties' request to form some type of coalition government, they just wouldn't be able to function effectively.
"The consequences would be catastrophic," he said. "They will be defeated right away," he said.
The governor general would likely shoot down the idea well before that point, says Steve Patten, a political science professor at the University of Alberta.
While candidates can voice support for a 'yes' vote, they may not advertise that position.
Penalties for breaking the regulation are a fine of up to $10,000 and up to a year in jail...
University of Victoria political science professor Dennis Pilon, who last year published a book on electoral reform, said the Liberals want to see electoral reform defeated in the May 12 referendum and have realized the Greens will likely campaign vigorously for a win.
“This is a typical kind of dirty pool,” said Pilon, adding that Ontario had a similar prohibition in place for its recent referendum on electoral reform. “It's a referendum on democracy and they want to limit people's democratic rights.”
A spokesperson for the ministry of the Attorney General, Shawn Robins, said the government is working with Neufeld and Elections B.C.. "The intent is not to silence political parties on their views on STV," he said. "At this point in time we're just getting to the finer details of what they might be allowed . . . It's a fine line we're trying to clarify with Elections B.C."
Stewart said Elections B.C. is getting an independent legal opinion on the issue before responding to the Attorney General. It will then be up to the government to decide what to do. "They have the authority to amend the regulation."
The U.S. Federal Reserve and Treasury Department pledged $800 billion US to help boost the flow of lending for mortgages, students, cars, credit cards and small businesses...
Key markets for consumer debt such as credit cards, auto loans and student loans essentially came to a halt in October, said Treasury Secretary Henry Paulson at a news conference announcing the new measures.
"This lack of affordable consumer credit undermines consumer spending [and] as a result weakens our economy," said Paulson.
Tuesday's action is the latest effort by the government to dissolve a hardening credit clog that has badly hurt the economy... A survey released Nov. 3 by the Federal Reserve found that 60 per cent of banks that responded said they had tightened lending standards on credit card debt.
News item No. 1: UVic is the top comprehensive university in Canada, according to a Maclean's magazine survey.
News item No. 2: UVic is the second most vegetarian-friendly university in Canada, according to peta2, the world's largest youth animal rights organization.
Well, I darn near dropped my pork chop on the newspaper, right there at the breakfast table: "I'm sorry, but isn't this an oxymoron? How can a university be both top-rated and vegetarian-friendly?"
"Careful," she replied, nibbling on her radish, or whatever passes for a morning meal in her world. "You're getting grease on your defibrillator paddles."
Please note, Cuba is currently not a covered destination with all Single Trip or Annual Plans.
we need something like a refugee camp, where people can live indoors and be connected with support services until something better can be worked out.
Not more shelter beds, but a place where people can live indefinitely until something more permanent is available. A place where the police aren't always gunning for you and there's room to store your stuff. To get out of the weather. To stay out of harm's way.
Admittedly, any place where several hundred distinctly different people had to co-exist under one roof would almost certainly be chaotic and challenging. In any kind of sane world, no one would consider the temporary warehousing of masses of complex and impoverished people.
But this isn't a sane world. And a refugee camp for those on the street isn't nearly as crazy an idea as just leaving them out there.
Canada's 3,500 car dealers are at risk from the financial crisis and are asking Ottawa to help out despite a record year of sales.
The Canadian Automobile Dealers Association told a news conference Friday that Canada's auto sector needs aid to survive, and that the credit crunch is even starting to impact dealers across the country.
"The cold reality facing decision makers today is if Canadian-based manufacturers are not provided a bridge across the current economic crisis, then Canada's 3,500 small business dealers will bear the brunt of that downturn," said president Richard Gauthier.
The federal government is considering providing financial aid to the Canadian subsidiaries of the Detroit Three car makers, General Motors, Ford and Chrysler, and possibly auto parts companies.
Chief executive officers from 15 of Canada's leading forest companies warned Ottawa yesterday against bailing out the auto and aerospace sectors.
The CEOs, who have been struggling to survive a severe downturn in their own industry for the last two years, said in Vancouver that they don't want to see public money going to any bailouts for any failing industries.
Instead, Ottawa needs to "fix the fundamentals of the economy" ..., said Avrim Lazaar, president of the Forest Products Association of Canada.
"Using mountains of money to bail out failing industries simply doesn't work," Lazaar said after emerging from a closed-door meeting with the 15 CEOs. "If the government enacts measures that focus only on one or two sectors and have more of the flavour of bailout than competitiveness, we are going to be deeply disappointed. We are expecting this government to worry about jobs across the country, not just in a couple of ridings..."
The 15 executives represent Canadian industrial production worth $50 billion a year. Their mills employ 300,000 people and have weathered a downturn that has cost 27,000 jobs so far....
"I am outraged that after all these years about talking about what is necessary to pull investment into Canadian mills -investment in research, retooling to the green economy and investment in market outreach - it hasn't happened."
In the [Throne] speech, the Conservative government pledged to provide new support to the automotive and aerospace sectors, its most explicit promise of emergency aid yet.
NDP whip Yvon Godin said negotiations among the four parties have cost the Liberal party one seat on every committee, including three key panels they chair as the official Opposition...
The opposition parties agreed that the governing Conservatives would gain one more seat on the regular 12-member committees chaired by a government MP.
That gives the Tories five members other than the chair, with three Liberals, two Bloc and one NDP.
Godin says this means his party will be able to wrest concessions from any of the other parties in return for support because the chair votes only in case of a tie.
The panels chaired by Liberals - the ethics, government operations and public accounts committees - will be reduced to 11 members to prevent the Conservatives from indirectly obtaining a majority.
Burger King Holdings Inc. posted higher sales in North America and stood by its full-year profit forecast in the face of an economic downturn. The world's No. 2 hamburger chain said sales at global stores open at least one year rose 3.6 per cent. Same-store sales in North America were up three per cent, helped by menu items like Apple Fries and Kraft Mac & Cheese.
Locally grown, organic heirloom tomatoes: $8.59 a kilogram.
One box of organic, low-fat, seven-grain cereal: $5.45.
Double cheeseburger at your favourite fast-food joint: $1.59.
It's an equation that U.S. corn farmers couldn't be happier about.
Yes, you read that right – corn. "The first step in making fast food is to grow an ear of corn," says A. Hope Jahren, the researcher behind a study that found an undeniable link between the two.
I've watched in amazement as young people bought houses twice the size of mine, went on fabulous vacations and purchased $65,000 vehicles. Their children wear designer clothes from birth and restaurant meals are weekly events.
Meanwhile, my husband and I have both worked full-time throughout our adult lives, drive older vehicles, live in the starter house we bought 21 years ago and mainly vacation at the family (read my father's) cabin on Shuswap Lake.
Despite this, we still have a small line of credit that we can't quite get rid of. I blame that entirely on the Children Who Won't Leave, as well as the fact that neither hubby nor I have any talents whatsoever in home repair.
I admit feeling a little envy at the free spending in other households. How are they managing their finances, I wondered aloud. She doesn't even work full-time.
Debt, said husband.
The dreaded debt word. It makes me anxious. I ruminate on the what-ifs.
When I was 5 years old, [my mother] committed suicide in a motel room. My younger brother and I were present and were the ones who actually found her. We remember that night like it was yesterday. We found her in the bathroom. There were no adults around. We remember playing with her rope....
I was about 13 when my biological sister reunited with me. She visited us off and on for about a year. She took her life when she was 18. She also hung herself in Victoria....
One of the uncles that lived in the home started sexually abusing me. I didn’t know that it was wrong. We would go fishing and then he would get on top of me and stuff. He’d make me lay there. I didn’t know. All of us slept in the same room as my grandfather and his partner. Seeing him on her, I thought it was something that you did. My uncle was doing that to me at the creek, when I was nine, and I thought it was what you had to do. I’ve never told any of the family members. He told me not to tell anybody, of course. I had all these secrets. All these adults in my life were telling me, ‘Don’t tell, Don’t tell’.
Mr. Cannon said he agreed with Finance Minister Jim Flaherty's assessment this week when he suggested to business leaders that he was not reassured on the future of NAFTA after a meeting with advisors to U. S. president-elect Barack Obama...
Mr. Cannon said he expected the Harper Conservatives and the Obama Democrats to find common ground on the issue, as Canada pursues its own environmental agenda with Washington in the coming months.
[Cannon] also said he does not expect "ideological" differences to complicate relations.
"This agreement has been a darn good agreement for Canada and the United States," he said.
I had to laugh at the article. I've been deemed eligible to contribute to an RRSP every year since RRSPs came into being. But for the past eight years, my income has averaged $8,500 annually.
Where would anyone expect a person like me to find money to put aside into a RRSP, someone who, most years, doesn't make enough to pay income tax?
Perhaps what's needed is for the eligibility criteria for participation in the RRSP program to be examined, rather than making it appear that taxpayers, particularly low-income taxpayers, are clueless about the purported benefits of RRSPs.
Said benefits do not accrue to all RRSP participants.
In fact, there can be a cost for those whose total household income is in the lowest two quintiles of income.
Chrystal Ocean
Duncan
A judge has refused to dismiss a civil lawsuit brought by a B. C. man who is seeking $2-billion in damages from Microsoft, Telus, Wal-Mart, the RCMP and other defendants over alleged brain-wave control, satanic rituals and witchcraft.
Justice Fraser Wilson heard from five lawyers on Monday, who argued that the case brought forward by Jerry Rose is so outrageous it should be dismissed.
Mr. Rose's claim says "he has been subject to invasive brain computer interface technology, research, experiments, field studies and surgery" and also names the University of B. C. and B. C. College of Physicians and Surgeons as defendants...
Judge Wilson, while admitting the case was "certainly an unusual one," said he had to be convinced there was nothing in Mr. Rose's claim that could be litigated... [He] raised the notorious case of a CIA-sponsored experiment at McGill University between 1957 and 1964 in which people without their consent were given LSD and other drugs...
Mr. Rose, reading from a three-page statement, said the mind-control harassment continues with "brain-drain technologies" under the RCMP and tactics to prevent his case from going forward.
The Harper government was warned by experts at Environment Canada two years ago that a multi-billion-dollar plan to boost production of green fuels could cause more problems than benefits...
"Feedstocks and biofuel production consume large amounts of water, natural gas, biomass, electricity and fertilizers," said one of the briefing notes, drafted on May 16, 2006, by a technology strategies and climate-change division at Environment Canada....
Environment Canada's research suggested that ethanol produced from waste products is much more sustainable, but the government created a smaller fund of $500-million, specifically to support this type of "next-generation" ethanol.
Subsequent material prepared for the minister said that consumption of gasoline with a 10% ethanol content could reduce greenhouse gas emissions and some air pollutants, but generate other problems, such as increased fuel consumption, higher prices at the pumps and a 100% increase in emissions of acetaldehyde, which has been listed as a toxic substance under the Canadian Environmental Protection Act.
While one document estimated the increased costs for producing ethanol could result in a one-or two-cent increase in the price of gasoline at the pumps, another estimated that the overall greenhouse gas emissions reductions would cost as much as $200 per tonne of CO2.
"If all Canadian gasoline were E-10 [containing 10% ethanol], GHG emissions would be reduced by about three megatonnes of carbon dioxide per year," said a briefing note prepared for Ms. Ambrose in May, 2006.
In [patients] who showed signs of depression, symptoms improved only slightly — by 1 to 4 percent — with antidepressant drug treatment.
"We cannot in good conscience support screening all heart patients," study co-author Roy Ziegelstein, vice chairman of medicine at Johns Hopkins Bayview Medical Center in Baltimore, said in a statement. "This is a difficult call for us to make, but it is in the best interest of patients at this time" because of its cost, side effects of drug treatment and potentially negative effects of being misdiagnosed as depressed...
The AHA recommends that heart patients are screened for depressive symptoms with a two- or nine-question survey, then referred for a more detailed workup if they score high on those questions. Patients who are diagnosed with depression should be treated with medication, counseling, exercise, cardiac rehabilitation or a combination, according to the guidelines.
If Canada is to experience its own extraordinary, galvanizing political progression, it will not be because it has elected a black to high office. That would be pleasing enough, not least because slavery was also practised here, though it would be misrepresenting history to pretend that the issue is as profoundly troubling here as in the United States. But no, our own Obama moment will occur when Canada upholds a candidate from the First Nations as prime minister. Then we shall have confronted our own national shame. Then we shall have surmounted our own historical disgrace.
When heavy rains caused ceilings to collapse at a rundown East Vancouver apartment last year, the building's 81 tenants had three hours to collect their belongings and move out. What they couldn't grab was stolen or lost to water damage and mould. Rodents, cockroaches and bed bugs infested the rooms that weren't flooded.
The calamity at 2131 Pandora St. on Oct. 18, 2007, shocked Vancouver and caused an untold amount of financial and emotional hardship on the low-income tenants that lived in the building. But it was just the latest incident involving one of Vancouver's most infamous landlords, the Sahota family.
The Halifax Regional Municipality is conducting a review of the way it uses lie detectors to screen applicants for certain jobs.
Mayor Peter Kelly said he called for the review after the Halifax Chronicle Herald quoted a job applicant saying she was humiliated by questions during a recent polygraph test, including one asking whether she had sex with animals.
The woman, who has asked not to be identified, was applying for a position with the municipality's information technology division.
Inflammation, its hallmark characteristic, has gained recognition as an underlying contributor to virtually every chronic disease—a list that, besides obvious culprits such as rheumatoid arthritis and Crohn’s disease, includes diabetes and depression, along with major killers such as heart disease and stroke. The possibility of a link with a third major killer—cancer—has received intensive scrutiny in this decade...
As some researchers have described the malignant state: genetic damage is the match that lights the fire, and inflammation is the fuel that feeds it....
Rooting out every last cancer cell in the body might not be necessary. Anti-inflammatory cancer therapy instead would prevent premalignant cells from turning fully cancerous or would impede an existing tumor from spreading to distant sites in the body. Cancer sufferers might then be able to survive, in the same way that new drugs have let HIV patients live longer. “I don’t think a cure is necessarily the goal. It doesn’t need to be,” comments Lisa M. Coussens, a cancer biologist at the University of California, San Francisco. “If you can manage the disease and live your natural life span, that’s a huge win.”
...In recent years a body of evidence has accumulated to show that chronic inflammation can play an important role in the progression of some types of tumors from a premalignant state to full-blown disease. A link between cancer and inflammation has long been suspected... Cancer biologist Harold F. Dvorak of Harvard Medical School remarked in 1986 that tumors are “wounds that do not heal.” The status quo, though, lay elsewhere. Even a decade ago many biologists still hewed to the idea that the immune system serves not only to eliminate pathogens but to ferret out cells that are the abnormal precursors of cancer....
Cutting into tumors, such as for a prostate biopsy, sometimes seems to encourage metastasis [suggesting that] the inflammation generated by the intervention could be at fault....
Instead of just killing cancer cells—the goal of current drug therapies and radiation—new approaches may supplement existing drugs by slowing inflammation. Without the involvement of macrophages and other innate cells, the premalignant tissue would remain in check.
Cancer could, in essence, become a chronic disease akin to rheumatoid arthritis, another inflammatory condition. “Keep in mind almost no one dies of primary cancer,” says Raymond DuBois, provost of the University of Texas M. D. Anderson Cancer Center and a researcher of anti-inflammatory agents for cancer. “A patient almost always dies from a metastasis.”
... it seems likely that a new generation of anti-inflammatory agents will join the chemotherapeutic arsenal. Chronic diseases—and their underlying inflammatory conditions—are hallmarks of an aging population. “We’re all a little bit overinflamed,” Pollard observes. Treating the smoldering embers that surround the tumor rather than just mutant cells could make cancer a disease we can live with.
One really has to question the usefulness and economic sense behind the Vancouver Island Health Authority. At a local level we know how to run our hospital. We know what it needs. We know its intricacies, we know its strengths and we know its weaknesses. And we know how to fix it.
VIHA apparently does not.
To try to manage such a vital community commodity from long distance is a recipe for disaster.
Too often this management becomes a numbers game. Too often decisions are made to align certain equations, equations handed down by the powers that be -- equations that have no practical purpose and no relation to reality.
But on a local level, if we were to manage, we would be looking at the spreadsheet of humanity.
Yes, we would see the numbers, we would work the equations.
But we would also see the faces. We would see the smiles and we would see the tears. We would join in the celebrations and would comfort each other in the sorrow.
We would listen to the doctors and nurses and the staff and we would find in them the truth and the vigour with which to remedy problems. We would listen to the patients and we would ensure that their health care is more than just numbers.
We would care and we would tell the truth. We would not, could not, do anything less because we would be accountable. We would live here and carry that accountability to the grocery store, to the church, to the pub, to the arena. We could not get on our high horse and ride it back to Victoria, there to delay and waylay vital health services that are desperately needed.
We would be born here and die here.
We would be the hospital and the hospital would be us. We would understand that our community's well being is bound tightly to a health-care system that combines passion, intelligence and understanding.
A hospital security guard who had sex with a psychiatric patient still works for the Vancouver Island Health Authority. So does an officer who was caught on video tape viewing pornography on a hospital computer while on the job.
But Suzana Kalyn, accused of gossiping about officers looking at pornography on work time and of breaching confidentiality, was fired.
“I find that male Officers who engaged in serious inappropriate workplace conduct were treated with fairness and in some instances leniency,” wrote B.C. Human Rights Tribunal member Marlene Tyshynski in a 118-page ruling. “Ms. Kalyn, who was alleged to have gossiped and breached a questionably interpreted internal 'confidentiality clause', was not.”
Barely a third of Canadians who were entitled to make an RRSP contribution last year did, and the total amount contributed was only six per cent of what it could have been, Statistics Canada reported yesterday.
Internet "black boxes" will be used to collect every email and web visit in the UK under the Government's plans for a giant "big brother" database, The Independent has learnt.
Home Office officials have told senior figures from the internet and telecommunications industries that the "black box" technology could automatically retain and store raw data from the web before transferring it to a giant central database controlled by the Government.
Plans to create a database holding information about every phone call, email and internet visit made in the UK have provoked a huge public outcry. Richard Thomas, the Information Commissioner, described it as "step too far" and the Government's own terrorism watchdog said that as a "raw idea" it was "awful".
More than 60 percent of Michigan voters decided in favor of Proposal 1, which establishes a state-regulated system regarding the use and cultivation of medical marijuana by qualified patients.
Voters endorsed the measure despite a high profile, deceptive, and despicable ad campaign by Prop. 1 opponents -- who falsely claimed that the initiative would allow for the open sale of marijuana "in every neighborhood, just blocks from schools."
...Michigan's new law goes into effect on December 4th, at which time nearly one-quarter of the US population will live in a state that authorizes the legal use of medical cannabis.
Meanwhile, in Massachusetts, some 65 percent of voters (and virtually every town) decided "yes" on Question 2, which reduces minor marijuana possession to a fine-only offense. Like in Michigan, voters rejected a high-profile, deceptive ad campaign by the measure's opponents, who argued that it would increase adolescent drug abuse, permit large-scale marijuana trafficking, endanger workplace safety, and sharply increase traffic fatalities.
Question 2 is expected to become law in 30 days - making Massachusetts the thirteenth state to decriminalize the personal possession and use of cannabis.
A powerful magnetic shield may be able to deflect dangerous solar radiation from spacecraft traveling to the moon and other planets, a new study says.
Magnets tested in a recent laboratory experiment could divert radiation safely, a discovery that's "like Star Trek coming to life," said lead author Ruth Bamford, a plasma physicist at the Rutherford Appleton Laboratory in the U.K....
Until recently, however, scientists thought shielding spacecraft would require an impractically large magnet — one capable of generating a field 60 miles (100 kilometers) or more across.
"We said, Hang on," Bamford explained. "People are small. We only need to make a little hole in the solar wind."
To test the idea, her team borrowed laboratory equipment used for work in fusion power, a process that also involves magnets. The scientists placed a small magnetized object — a simulated "spaceship" — into a flow of supersonic plasma, which consists of charged particles.
"You don't expect experiments to work first time," she said of the research, which is published today in the journal Plasma Physics and Controlled Fusion. "But this did. It was very clear that it was doing its job."
The inquiry has already been postponed twice because the B.C. Crown hasn't decided if charges will be laid against the four Mounties involved in the incident.
On Tuesday, commissioner Thomas Braidwood said he now plans to subpoena the RCMP officers involved in the incident even if a decision on charges has not been made by Jan. 19.
Commission counsel Art Vertlieb told CBC News the commission just can't wait any longer.
"People are pretty concerned about this, and we have just decided, and rightly so from the commissioner's perspective, well, let's use subpoenas, and we'll start putting this in motion to start January 19," said Vertlieb.
When I thought about my future, one thing was clear: I didn't want to grow up and serve some man. I didn't want to get married... There was no freakin' way in hell I was staying home 'til 5 o'clock and making sure someone's dinner was warm. I didn't want to be a servant. I worried and fretted about this. I did not want to be a wife; that's what it boiled down to. I could accept the notion of fatherhood, but not husband...
Then, when I did grow up, that's what I became. For years. That's the biggest thing that bothers me about society: It beats your spirit out of you.
Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.
They are still plenty rich, but their losses ... illustrate how today's punishing market has spared few victims when even big-name investors, corporate executives and hedge-fund titans are all watching their wealth evaporate.
The portfolio damage for some of these high-flyers has soared to billions of dollars in recent months. And they can't just blame the market's downdraft - some did themselves in...
As stocks have plunged, so have the value of chief executives' equity stakes in their own companies. The average year-to-date decline is 49 percent for the corporate stock holdings of CEOs at 175 large U.S. companies...
"Everyone wants to see executives have skin in the game...," said Steven Hall, a founder and managing director of [a] compensation consulting firm. "But in the end, we have to remember they still have billions to fall back on."
But there have been recent instances where executives' large equity positions have blown up - not only damaging a particular CEO's portfolio but the company's shareholders, too...
Burger King Holdings Inc. posted higher sales in North America and stood by its full-year profit forecast in the face of an economic downturn. The world's No. 2 hamburger chain said sales at global stores open at least one year rose 3.6 per cent. Same-store sales in North America were up three per cent, helped by menu items like Apple Fries and Kraft Mac & Cheese.
Shirley Nagel of Grosse Pointe Farms, Michigan, handed out candy Friday only to those who shared her support for the Republican presidential candidate and his running mate, Sarah Palin...
TV station WJBK says a sign outside Nagel's house warned: No handouts for Obama supporters, liars, tricksters or kids of supporters.
Nagel calls Democrat Barack Obama scary. When asked about children who were turned away empty-handed and crying, she said simply: Everybody has a choice.
Otto the octopus of the Sea Star aquarium in Coburg disapproved of his surroundings.
We knew that he was bored as the aquarium is closed for winter, and at two feet, seven inches Otto had discovered he was big enough to swing onto the edge of his tank and shoot out the 2,000 Watt spotlight above him with a carefully directed jet of water...
Once we saw him juggling the hermit crabs in his tank, another time he threw stones against the glass damaging it. And from time to time he completely re-arranges his tank to make it suit his own taste better - much to the distress of his fellow tank inhabitants.