Day: October 22, 2008

Canada economics US economy
October 22, 2008

Why NAFTA Sucks: DOW to Sue Canada for anti-pesticide laws

Original story here from Canadian Newswire. This story is a little hard to figure out, but it seems like DOW, the company that gave us Bhopal and Napalm, is suing the government of Canada through a backdoor policy with NAFTA known as ‘Chapter 11’.  Apparently, with Chapter 11, companies that are ‘wrongfully’ affected by the legislation of any Canadian body can seek damages. I did […]

corruption disaster capitalism economics shock The Corporation US economy
October 22, 2008

Banks to Sit on Cash

In the US, bankers are admitting that they will likely sit on most of the cash that they’ve received from their government, mainly because ‘no one is going to lend a nickel until the economy turns’. So, as the media hyped up the ‘crisis’ and my dad nearly had a stroke because of the stress levels it induced, banks are going to sit on the […]