depression

Movie Monthly: Inside Job

Submitted by RA on Thu, 10/28/2010 - 12:22

The face of the financial crisis has taken many forms, from people lining up outside banks desperate to get at their savings, to the dilapidation of newly built suburban homes that have been foreclosed on. Inside Job, a punch-packing documentary by San Francisco based Charles Ferguson, the director who previously picked through the wreckage of US Iraq policy in No End In Sight, goes straight to the top.

Could China Cause the Double Dip?

Submitted by RA on Sun, 11/15/2009 - 21:26

When I need an impartial warts 'n' all view of the global economic situation I find myself visiting Ambrose Pritchard's column in London's Daily Telegraph.

Economic Armageddon Revisited

Submitted by RA on Mon, 03/30/2009 - 10:59

Brian Milner of the Globe and Mail caught up with Vancouver's own "prophet of doom" Ian Gordon in a short weekend article.

Campbell: Green? Not likely...

Submitted by RA on Tue, 01/27/2009 - 02:18

David Beers, editor of The Tyee, lays out pretty clearly where Gordon Campbell's priorities lie when push comes to shove with greening the BC economy.

Who'll Be First to Break Up? Canada or USA?

Submitted by RA on Mon, 12/29/2008 - 20:52

It's been well documented that the social malaise that accompanies economic downturns allows radical groups and fringe parties to expand their sphere of influence and power.

Auto Bailout Is Money Down the Drain

Submitted by RA on Sat, 12/20/2008 - 16:27

PM Harper, following the lead set by the US, has approved a $4-billion bailout of the auto industry. GM gets $3billion and Chrysler $1billon.

These companies have failed consistently in the marketplace - in large part because they built monster trucks and SUVS - instead of the fuel-efficient, affordable cars that people wanted.

Vancouver Property Down Again In November

Submitted by RA on Wed, 12/03/2008 - 17:37

The Real Estate Board of Greater Vancouver (REBGV) reported yesterday that property sales slumped from 2,883 in November 2007 to 874 sales last month, a year-on-year decline of 69.7 per cent.

The spectre of negative equity for a greater number of recent home buyers is rising as prices continue to fall: almost 13 per cent has been wiped off the REBGV's benchmark residential property between May and November 2008. In price terms that's a fall from $568,411 to $495,704 in November 2008.

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