While I stand ambivalent on the controversy of Canadian government bailing out two privatized auto companies (American, no less), I must question the rational of the populous that support it.
It is obvious why employees or retirees of GM or Chrysler support the bailout, and I certainly don’t blame them. Yet, for the rest of you Canadians standing tall for a bailout, do you really know what you are fighting for?
Supporters of the bailout echo no more than one argument: “The Canadian economy would tank if the companies collapse!” Or …

Iceland, Pakistan, Hungary, and Ukraine got the dough. Add Turkey, Latvia and Belarus to the list of countries asking for money from the IMF (International Monetary Funds) in this global economic crisis. As this international ‘lender of last resort’ becomes more prominent and influential, so should the demand for its transparency. It is unacceptable that information as fundamental as the terms and conditions of loans are not mandated for public access and dissected under a microscope.
The shroud of secrecy around the IMF has been one of its main criticisms …

Only in America can we witness a nation in economic distress while having one of its corporations reporting historic profit.
With US’s GDP value in what economists would officially term ‘recessionary’ and with the nation’s largest financial and manufacturing corporations sinking into bankruptcy, and thousands of homes facing foreclosure, oil giant Exxon Mobil has announced its record-breaking quarterly profit of $14.83 billion for the period from July to September 2008.  This was a record-breaker not just for Exxon Mobil itself but a record amongst all US companies that has ever existed …