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  1. Source: Bloomberg Quebec’s unemployment rate fell to the lowest on record last month while Alberta’s surged to a two-decade high, underlining the the swing in Canada’s economic momentum through the recovery from an energy crash. Joblessness in the mostly French-speaking province fell to 6.2 percent in November from 6.8 percent in October, and in Alberta it climbed to 9 percent. The national jobless rate declined to 6.8 percent from 7 percent, Statistics Canada said Friday from Ottawa. “I’m stunned -- it’s a banner year” for Quebec, said Sebastien Lavoie, assistant chief economist a
  2. Dans le SFGate Montreal's quartet of cultures creates a colorful pattern Margo Pfeiff Updated 11:25 am, Friday, July 4, 2014 Tourists gather near the Basilique Notre-Dame in Montreal. Photo: Joanne Levesque, Getty Images The Ogilvy Piper makes his way through the jewelry section of the iconic department store at noon every day. Photo: Margo Pfeiff, Special To The Chronicle A room at Old Montreal's classic 18th century Hotel Pierre du Calvet. Photo: Margo Pfeiff, Special To The Chronicle Old Montreal's classic 18th century Hotel Pierre du Calvet. A terrace at an Old M
  3. http://www.citylab.com/politics/2014/07/paris-wants-landlords-to-turn-vacant-office-space-into-apartmentsor-else/374388/ Paris Wants Landlords to Turn Vacant Office Space Into Apartments—Or Else The city has a surplus of empty commercial buildings that could better serve as residences. And it plans to fine owners who don't convert. FEARGUS O'SULLIVAN <figure class="lead-image" style="margin: 0px; max-width: 620px; color: rgb(0, 0, 0); font-family: Oxygen, Helvetica, Arial, sans-serif; font-size: 17px;"><figcaption class="credit" style="color: rgb(153, 153, 153); fon
  4. October 13, 2009, 2:53pm WASHINGTON, October 12, 2009 (AFP) - Cash-rich US researchers have again dominated this year's Nobel awards, but it seems identifying the nationality of laureates is not an exact science, and change may be on the way. On the face of things, the United States would top an Olympic-style medals table of Nobel prize wins. Eleven of this year's 13 laureates are citizens of the United States, winning five of the six Nobel awards up for grabs. Even President Barack Obama pocketed a medal. Since the end of World War II, the United States has scooped up 89 Nobel
  5. http://www.autoblog.com/2009/12/11/report-detroit-three-call-japans-cash-for-clunkers-program-unf/ http://www.autoblog.com/2010/01/07/report-obama-urged-to-push-japan-to-open-its-cash-for-clunkers/ Protectionism in full swing once again in Japan. Why should their cars be eligible for cash for clunkers in the US, if American cars are not there. That is not free trade. Hopefully President Obama puts an end to this nonsense.
  6. By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due be
  7. It's looking like New York will follow fast on the heels of Illinois in deciding not to add a luxury tax for jewelry over $20,000. The American Watch Association sent an e-mail to members on Monday saying that while the New York State Legislature has agreed to tax increases to deal with a budget deficit, the luxury tax proposal is not part of it. The luxury tax would have also applied to aircraft costing more than $500,000, yachts over $200,000, cars that cost more than $60,000 and furs over $20,000. But don't go spending yet, high earners in New York will be feeling an increased pinch. In
  8. April 29, 2009 By LANDON THOMAS Jr. LONDON — Tetsuya Ishikawa reaped the fruits of London’s financial boom, structuring and selling his small share of the complex securities that fueled both his professional rise and the uninterrupted economic growth of Britain. When the boom went bust last year, he lost his job at Morgan Stanley, along with about 28,000 other Londoners working in finance. Mr. Ishikawa, who has written a fictional memoir, has no plans to return to the City, as London’s banking district is known. But Britain’s revenue-starved Labor government will find no such
  9. Feb. 26 (Bloomberg) -- New York’s biggest banks and securities firms may relinquish 8 million square feet of office space this year, deepening the worst commercial property slump in more than a decade as they abandon a record amount of property. JPMorgan Chase & Co., Citigroup Inc., bankrupt Lehman Brothers Holdings Inc. and industry rivals have vacated 4.6 million feet, a figure that may climb by another 4 million as businesses leave or sublet space they no longer need, according CB Richard Ellis Group Inc., the largest commercial property broker. Banks, brokers and insurers have
  10. Downturn Ends Building Boom in New York Charles Blaichman, at an unfinished tower at West 14th Street, is struggling to finance three proposed hotels by the High Line. NYtimes By CHRISTINE HAUGHNEY Published: January 07, 2009 Nearly $5 billion in development projects in New York City have been delayed or canceled because of the economic crisis, an extraordinary body blow to an industry that last year provided 130,000 unionized jobs, according to numbers tracked by a local trade group. The setbacks for development — perhaps the single greatest economic force in the city over
  11. US DOT Report Confirms Speed Not Major Accident Cause US Department of Transportation study finds only five percent of crashes caused by excessive speed. As lawmakers around the country continue to consider speed limit enforcement as the primary traffic safety measure, the most comprehensive examination of accident causation in thirty years suggests this focus on speed may be misplaced. National Highway Traffic Safety Administration (NHTSA) investigated 5,471 injury crashes that took place across the country between July 3, 2005 and December 31, 2007. Unlike previous studies automa
  12. The New York Times June 28, 2008 By BEN SISARIO MONTREAL — On Wednesday night, in the last of his three concerts presented as preludes to the Montreal International Jazz Festival, Leonard Cohen, the 73-year-old hometown poet-hero on tour for the first time in 15 years, said that on his last time through town he was “60 years old, just a kid with a crazy dream.” Between waves of applause and hollers in French and English, he added, “I am so grateful to be here and to be from here.” Mr. Cohen’s math notwithstanding, hometown pride and musical reverence are at the center of the fe
  13. Influx of South Americans Drives Miami’s Reinvention By LIZETTE ALVAREZ JULY 19, 2014 MIAMI — As the World Cup played out over the past month, yellow-clad Colombians packed the Kukaramakara nightclub downtown, Aguila beers in hand, shouting, “Colombia, Colombia!” Outside, Brazilians in car caravans blasted samba music. Argentines, some in blue-and-white striped jerseys, jammed into nearby steakhouses and empanada joints. Around town, children filed into Sunday Mass, their jerseys ablaze with their futbol heroes from across Latin America. It was less a commentary on soccer than a t
  14. http://www.businessweek.com/articles/2013-03-14/micro-apartments-in-the-big-city-a-trend-builds Always happy to see quotes from professors at my alma mater, especially when it comes to real estate issues! Micro-Apartments in the Big City: A Trend Builds By Venessa Wong March 14, 2013 6:00 PM EDT Imagine waking in a 15-by-15-foot apartment that still manages to have everything you need. The bed collapses into the wall, and a breakfast table extends down from the back of the bed once it’s tucked away. Instead of closets, look overhead to nooks suspended from the ceiling. Company co
  15. Job Losses Show Breadth of Recession Article Tools Sponsored By By DAVID LEONHARDT Published: March 3, 2009 It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices. Unlike the last two recessions — earlier this decade and in the early 1990s — this one is causing much more job loss among the less educated than among college graduates. Those earlier recessions introduced th
  16. Financial crisis bringing global economy to standstill: IMF By Veronica Smith WASHINGTON (AFP) – The International Monetary Fund slashed its economic growth forecasts Wednesday, predicting the severe financial crisis would brake global growth to the slowest pace in six decades. "World growth is projected to fall to 0.5 percent in 2009, its lowest rate since World War II," the IMF said in a sharp 1.75-point downward revision of November forecasts. "The world economy is facing a deep recession" under continued financial stress, it warned. The advanced economies were expected
  17. Poll Finds Faith in Obama, Mixed With Patience Article Tools Sponsored By By ADAM NAGOURNEY and MARJORIE CONNELLY Published: January 17, 2009 President-elect Barack Obama is riding a powerful wave of optimism into the White House, with Americans confident he can turn the economy around but prepared to give him years to deal with the crush of problems he faces starting Tuesday, according to the latest New York Times/CBS News Poll. The latest on the inauguration of Barack Obama and other news from Washington and around the nation. Join the discussion. While hopes for the new
  18. Anyone who's sat at a red light for minutes on end in the middle of the night when there's no cross traffic can cheer on science for proving what we already knew: lights that adapt to the flow of traffic, instead of dictating the flow of traffic, can improve the flow of traffic. A team of researchers discovered that if you let lights locally decide how to time their signals based on how much traffic they're dealing with, and then communicate that with nearby lights, you get closer to the "green wave" of lights that keeps thing moving smoothly. The issue with the centralized, top-down syste
  19. China’s Stock Market Passes US as Leading Indicator Published: Wednesday, 4 Aug 2010 | 12:43 PM ET By: John Melloy Executive Producer, Fast Money China may be the second biggest economy in the world behind the US, but it is No. 1 in terms of influence over global stock markets, analysts said. “The Chinese equity market has shown signs of ‘leading’ global equity markets at turning points over the past three years,” wrote Geoffrey Dennis, Citigroup’s emerging markets strategist. “As a result, the 13 percent rally in the Shanghai Composite since early-July has been a major suppor
  20. Foreclosures, immigration linked in report Areas hit hardest have high percentage of foreign-born heads of household By Timothy Pratt (contact) Wed, May 13, 2009 (2 a.m.) Las vegas Sun Counties with high foreclosure rates also tend to have large immigrant populations, according to a Pew Hispanic Center report released Tuesday. The study ranked Clark County sixth nationwide in foreclosure rates last year with 8.9 percent of the valley’s houses in the courts. Nearly 1 in 4 heads of household locally were foreign-born, much higher than the national rate of 4.7 percent. Half of thos
  21. Is America's suburban dream collapsing into a nightmare? Suburban neighborhoods are becoming refuges for those outpriced in gentrifying inner-cities. By Lara Farrar For CNN (CNN) -- When Shaun Yandell proposed to his longtime girlfriend Gina Marasco on the doorstep of their new home in the sunny suburb of Elk Grove, California, four years ago, he never imagined things would get this bad. But they did, and it happened almost overnight. art.jpg "It is going to be heartbreak," Yandell told CNN. "But we are hanging on." Yandell's marriage isn't falling apart: his neighborho
  22. Wall Street, R.I.P.: The End of an Era, Even at Goldman Article Tools Sponsored By By JULIE CRESWELL and BEN WHITE Published: September 27, 2008 WALL STREET. Two simple words that — like Hollywood and Washington — conjure a world. Goldman Sachs’s headquarters in New York. The company, a golden child of the financial sector, faces a very different future and mission amid seismic changes wrought by the credit crisis. Lloyd C. Blankfein led Goldman’s securities division before becoming chief executive in 2006. A world of big egos. A world where people love to roll the dice
  23. Un article du New York Time sur un penthouse à Vendre à Montréal. à Source: New York Time Album Photo INTERNATIONAL REAL ESTATE For Sale in ... Montreal By CLAIRE McGUIRE WHAT A one-bedroom penthouse apartment with industrial details and panoramic views of Montreal HOW MUCH 1,995,000 Canadian dollars ($1,866,400) SETTING This 10-story former factory was built in 1912 in the Paper Mill District near the financial district and Old Montreal. It shares the top floor with two other apartments, and overlooks several museums, the old port and the Chinatown neighborh
  24. Have Some Champagne With That Brisket? Montreal is just bubbling with Jewish culture November 08, 2007 Kathy Shorr Jewish Exponent Feature Ever since the Parti Quebeçois came to power three decades ago, bringing with it greater nationalism and stricter language laws favoring French, it's been easy to feel uneasy about Jewish life in Montreal. The Jewish community has shrunk from a high of about 120,000 before that 1976 election, to just under 100,000 now. Many who left were the younger, well-educated postwar generation of Ashkenazi descent, who had been educated primarily in En
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