aig quotes [not story]

“I wish the bonuses were not the concern of the taxpayers. No bailout, no problem,” said Paul Blankenship from Louisiana. ‘They’re not forced to take bonuses. deny Buy Windows Key it & you could be a hero (almost) looking out for taxpayer interests, “didn’t feel right”‘ “I think it is an abomination! However, I do […]

Is Italy Next?

Despite being put under IMF monitoring, there is no hope for Italy to receive bail-out money. Borrowing rates are soaring in the country, and word from the G20 summit in Cannes is that there is not enough money left to bail out the large Italy economy. Italy is now operating under the watchful eye of […]


Harper Gets Tough On Drugs; Supreme Court Saves Insite

In the first weeks of Harper’s majority government the Conservative Party of Canada has started to push for it’s tough on crime legislation.

The new omnibus bill would institute stricter penalties for possession and trafficking of illiict drugs. Under the proposed bill someone growing more than 201 pot plants in a rental unit would receive a longer mandatory sentence than someone who had sexually assaulted a child.

This is comes in sharp contrast to the Supreme Court of Canada ruling this week in favor of keeping Insite, the group that runs a safe injection site in Vancouver, open. The 9-0 decision severely disappointed the federal government, but they have no choice but to comply. The Conservatives will most likely seek a review of the decision, despite the overwhelming evidence that safe injection sites help deal with addiction.

The ruling rejected the government’s stance that safe injection sites foster drug addiction. It also told the government to extend the exemption to Insite staff to protect them from possession and trafficking charges. The judges agreed that closing the facility would violate the rights of addicts living in one of the worst neighborhoods in Canada.

Justice Beverley McLachlin made clear in the ruling that the federal government has a right to set policy, but when policy is translated into state action and law the courts must determine their validity under the charter.

“The discretion vested in the minister of Health is not absolute; as with all exercises of discretion, the minister’s decisions must conform to the charter.”

The ruling could pave way for similar sites in other metropolitan areas.

Think Money: ‘give attention to retirement planning’

Research by financial services company Think Money indicates the level of people paying into occupational pension schemes fell by 32% between 1967 and 2010, based on ONS figures. It wants people to give attention to retirement planning and seek help with debt if they need to.

Debt management companies know more than most how tough many families are finding the current economic climate. While it’s necessary for many households all over the country to cut back, it’s just as important to identify the things we shouldn’t cut back on – such as pensions.

With life expectancy increasing, many of us will have longer retirements. Paying into a pension offers some security of a comfortable lifestyle in retirement.

Think Money says people who aren’t paying into pensions because of debt may find debt management puts them “in a better position to give their pension the attention it deserves and get some advice from a qualified financial adviser.”


Tensions Mount between Egypt and Israel

Tensions have mounted between Egypt and Israel over the deaths of five Egyptian security officers by an Israeli warplane. While Egypt has not announced that it is recalling its ambassador to Israel, the possibility remains despite a rare statement from the Israeli government expressing regret for the incident. [continued]

Google Set to Buy Motorola

Google has made a bid to take over Motorola Mobility for $12.5 billion. The deal needs to be approved by regulatory bodies in the United States, European Union and other areas, as well as by Motorola shareholders. The deal values shares at $40 each. Motorola would be administered as a separate company from Google, and license the Android platform in the same way that other companies currently do.
Motorola split into two companies earlier this year, with Mobility developing and manufacturing in the wireless industry and Motorola Solutions working on wider technologies aimed at governments and corporations. Google is only seeking to acquire the former. [continued]


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Think Money: ‘give attention to retirement planning’

Think Money: ‘give attention to retirement planning’

Read about some new research from financial services company, Think Money, about occupational pension schemes.

Lies of Obama: Credibility or Charisma?

Lies of Obama: Credibility or Charisma?

Barack Obama has not lived up to his promises — claims of change and credibility were seemingly just shows of charisma and ego. From claims of restoring confidence in government to discussion of balanced budgets, accountability and general reform; it seems clear only now that none of this is likely to occur.

Hillary Clinton: Achievements Thus Far

Hillary Clinton: Achievements Thus Far

Recap of the travels and accomplishments of US Secretary of State Hillary Rodham Clinton since her appointment on January 21, 2009.