Canada’s Economy Resilient Despite U.S. Financial Woes

The trade relationship between the U.S. and Canada is globally unique and intensively intertwined. As the United States’ most significant trading partner, 80% of all Canada’s exports are shipped south (and 21.4% of America’s travel north). In 2007, more goods passed back and forth across just one U.S.-Canadian border crossing—the Ambassador Bridge between Detroit . . . → Read More: Canada’s Economy Resilient Despite U.S. Financial Woes

Economists Finally Agree: We’ve Been in a Recession Since January

For at least a year now, ordinary people in the United States (people the press has been referring to as “Main Street”) have known that the economy was starting to slow down at the same time that prices were rising uncomfortably fast.

Now, some economists are finally starting to admit that, yes, the U.S. . . . → Read More: Economists Finally Agree: We’ve Been in a Recession Since January

Bear Stearns Collapse: Why It May Also Be the End for the SEC

The Securities and Exchange Commission (SEC) was set up as a reaction to the stock market crash of 1929 to provide oversight of brokerage firms and protect investors. Last month, Morgan Stanley and Goldman Sachs Group, Inc., filed to become bank holding companies. Now with the sale of Bear Stearns, the bankruptcy of Lehman . . . → Read More: Bear Stearns Collapse: Why It May Also Be the End for the SEC