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Found 13 results

  1. Many cities bum rush towards bankruptcy, raising taxes instead of cutting spending, but one city – Colorado Springs – has drawn the line. When sales tax revenues dropped, voters were asked to make up the shortfall by tripling their property taxes. Voters emphatically said no, despite the threat of reduced services. Those cuts have now arrived. More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire posi
  2. Montreal's Greek consulate has already felt the impact of the Greek government's austerity measures, but many in the city's 80 thousand-strong Greek community are more angry at the rioters in their homeland than they are about the cuts. Hundreds of people rioted in the streets of Athens on the weekend, setting fires and looting stores, after the Greek parliament passed a new round of measures aimed at staving off bankruptcy. Politicians voted to slash the country's minimum wage and axe one-in-five civil service jobs over the next three years. Foreign consular offices have not been
  3. Pfizer buying rival drug firm Wyeth for $68B US Unclear how purchase would affect Pfizer facilities in Calgary, Kirkland, Que., Mississauga, Ont. Last Updated: Monday, January 26, 2009 | 11:59 AM ET Comments16Recommend12 The Associated Press Pfizer Inc. is buying rival drug-maker Wyeth in a $68-billion US cash-and-stock deal that will increase its revenue by 50 per cent, solidify its No. 1 rank in the troubled industry and transform it from a pure pharmaceutical company into a broadly diversified health-care giant. At the same time, Pfizer announced cost cuts that include slashin
  4. September 10, 2009 Architecture Off With Its Top! City Cuts Tower to Size By NICOLAI OUROUSSOFF Does Manhattan have a future as a great metropolis? If you hope the answer is yes, you will be disheartened by the City Planning Department’s decision on Wednesday to chop off 200 feet from the top of a proposed tower next door to the Museum of Modern Art on 53rd Street in Manhattan. Designed by Jean Nouvel, the building would have been as tall as the Empire State Building minus its antenna, a fact that probably made planners tremble. Amanda Burden, the city planning commissioner
  5. U.S. jobless rate climbs to 5.7% JEANNINE AVERSA The Associated Press August 1, 2008 at 12:19 PM EDT WASHINGTON — The U.S. unemployment rate climbed to a four-year high of 5.7 per cent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work. Payroll cuts weren't as deep as the 72,000 predicted by economists, however. And, job losses for both May and June were smaller than previously reported. July's reductions marked the seventh straight month where employers eliminated jobs. The economy has lost a total of 463,000 jobs so far
  6. Article intéressant... IMF debunks myth: Taxing rich not bad for economy OTTAWA -- A new paper by researchers at the International Monetary Fund appears to debunk a tenet of conservative economic ideology -- that taxing the rich to give to the poor is bad for the economy. The paper by IMF researchers Jonathan Ostry, Andrew Berg and Charalambos Tsangarides will be applauded by politicians and economists who regard high levels of income inequality as not only a moral stain on society but also economically unsound. Labelled as the first study to incorporate recently compiled figures comp
  7. Ottawa pledges tax cuts as surplus soars STEVEN CHASE Globe and Mail Update September 27, 2007 at 1:02 PM EDT The Canadian government racked up a monster surplus of about $14-billion for the last fiscal year, Ottawa reported Thursday. It said it has used the surplus to retire national debt and will funnel the $725-million interest saved as a result to Canadian taxpayers through tax cuts. That is a break of about $30 to $40 per tax filer in annual savings, depending on how it is allocated. That surplus far exceeds the $9.2 billion forecast in the last budget.
  8. Nortel sheds 1,300 jobs as losses mount Bert Hill, Canwest News Service Published: 3 hours ago OTTAWA - Nortel Networks announced 1,300 more layoffs Monday, the departure of several top executives, and pay and hiring freezes as it struggles with tough economic conditions and internal trouble. The company also announced big write-downs of assets and other costs, which drove losses to $3.41 billion in the third quarter ending in September, compared to a profit of $27 million a year earlier and almost 30 times the losses of $113 million in the June quarter. Sales fell 14 per cent
  9. Bachand attacks Feds over funding cut Don Macdonald, The Gazette Published: Wednesday, June 04 Quebec's economic development minister is on the warpath over federal funding cuts to about 60 non-profit organizations involved in economic development across the province. Raymond Bachand said he's been unable to persuade federal minister Jean-Pierre Blackburn to reconsider the cuts so now he's taking the battle public. Bachand said the policy will damage the province's economy and called for the intervention of Prime Minister Stephen Harper. "This is going to be a political fi
  10. Let us decide its own cultural priorities, Charest says Quebec premier calls for reversal of arts funding cuts KEVIN DOUGHERTY, The Gazette Published: 8 hours ago (The Gazette)
  11. Le renouvellement perpétuel qui se passe dans les 50 états et milliers de villes que forment les USA. State of renewal The federal government could learn some lessons from the states Jun 2nd 2012 | from the print edition THE American political system, as all the world thinks it knows, is gridlocked, not to mention dysfunctional and broken. The tea-maddened Republicans who seized control of the House of Representatives are holding Barack Obama and the Democrat-controlled Senate to ransom, refusing either to balance the federal budget or to pass any of the administration’s leg
  12. New York évoque la faillite Devoir Le Édition du vendredi 10 avril 2009 Le maire de New York, Michael Bloomberg, a affirmé hier que la Ville allait devoir supprimer de nombreux emplois pour éviter la faillite. Le maire, engagé dans des négociations tendues avec les syndicats d'employés municipaux, a affirmé que 7000 emplois supplémentaires devraient être supprimés, à moins de réduire drastiquement les avantages des salariés. «Nous ne pouvons pas continuer. Le coût des retraites et de la couverture maladie pour nos employés va provoquer la faillite de cette ville», a-t-il déclaré
  13. Announced new routes: Toronto-LA, Toronto-Nashville and Calgary-Thunder Bay. No new routes in Montreal, no new growth in frequencies despite considerable cuts in Western Canada
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