Canadian Recovery Begins This Quarter : Conference Board

Canada's economy is expected to contract 1.9 per cent this year before growing 2.7 per cent in 2010, representing 'much weaker than typical post-recession growth,' the Conference Board of Canada said Monday.
Mark Ralston

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Canada economy to resume growth in H2- report
http://www.reuters.com/article/marketsNews/idUSN1316461020090713

Barriers To Entry, Exit And Mobility

C. Northcote Parkinson

Signs Of Hope For The Car Industry : Living On Scraps

As General Motors emerges from bankruptcy the worst may be over for carmakers

When a Bad Customer Service Becomes A Song

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Online video on damaged guitar a smash hit
http://thechronicleherald.ca/Front/9012514.html

Tax Raises Or Spending Cuts Needed to End Deficit: Report.

Canada's Economic Bounce Will Be Short-Lived, Merrill Lynch Says

Eyeballing Canada's Post-Manufacturing Economy

What will it look like once the recession is over? Gwyn Morgan

Canadian Economy Gets a B for 2008

House Prices and the Wealth Effect : Home Discomforts

The Madoff Affair

Taiwan / World Trade Organization: Accession to Global Government Procurement Agreement

Taiichi Ohno

Baltic Martyrs For The Euro

The Baltic states are suffering deep recessions in their quest to reach the safe haven of the euro zone

Unemployment in America : A Rising Tide

State Budgets in Crisis : Happy New Year

The pain of balancing budgets is felt in California and many other states

The European Central Bank : Hard Talk, Soft Policy

The ECB has run a looser monetary policy than some might think

Greenland : Feeling Free

Hooray for two tonnes of flesh

Limiting Migration : People Protectionism

Rich countries respond to the economic downturn by trying to limit the flow of migrants

Idea : Activity-Based Costing

Retirement : The Burdens of Old Age

Retirement in rich countries is becoming unaffordable

China: Order to "Buy China" in Government-Invested Projects

Robert Kaplan and David Norton

What's in the Journals, June 2009

The Economist look at noteworthy articles from the business journals

CFO in focus, June 2009

The Economist round-up of noteworthy content published on CFO.com, a source of news and insight for senior finance executives

Hester Puts £10 Million Pay Where His Mouth Is

Commentary by The Economist : Royal Bank of Scotland was embroiled in more controversy over executive pay when it emerged that Stephen Hester, its chief executive, would receive a compensation package worth up to £9.6m ($15.8m). The package was backed by the bank’s institutional shareholders to “incentivise” Mr Hester. His predecessor, Sir Fred Goodwin, only recently agreed to return half of his £700,000 annual pension after a public outcry.

Kohlberg Kravis Roberts Adjusted Its Plan

The Economist : Kohlberg Kravis Roberts adjusted its plan to turn itself into a public company by proposing an offering through a merger with an affiliate already listed on the Euronext exchange. The “back door” move is viewed as a stepping stone to an eventual listing on the New York Stock Exchange.

Russian Stock Markets Punge 8 Percent as Oil Prices Fall

THE ECONOMIST :

Beware of the Bear :

Russian stockmarkets fell further when the World Bank forecast Russia’s economy would shrink by 7.9% this year. Russian indices have tumbled this month from their previous highs for the year, as have stockmarkets in many emerging economies. (China’s stockmarkets bucked the trend by reaching their highest levels for a year.) Analysts have sounded a note of caution about American and European stockmarkets, too, warning that underlying economic fundamentals are not as strong as the rallies of the past three months would suggest.

European Central Bank. The World Bank And The Federal Reserve

THE ECONOMIST :

The European Central Bank provided a record €442 billion ($620 billion) to the euro area’s banking system through its offer of unlimited one-year funds at 1% interest. The measure has been dubbed a “stimulus by stealth”.

The World Bank predicted that the economies of the developing countries would grow by only 1.2% this year, significantly below last year’s growth rate of 5.9%. By contrast, the OECD raised its forecast of economic growth for the first time in two years. The Paris-based organisation of 30 industrialised countries now expects GDP among its members to contract by 4.1% in 2009 and to grow by a modest 0.7% in 2010.

The Federal Reserve sounded a bit more optimistic about the American economy than it has for a while. After a two-day meeting, the Fed said that the “pace of economic contraction is slowing”, though the economy would “remain weak for a time”. The central bank played down the threat from deflation, a threat it had emphasised earlier this year.

Friction in World Trade : Duties Call