Gm Canada bails out

Gm Canada is recalling 885 workers to work at its Ontario plant. They will be working on vehicle such as the Chevrolet Equinox and the GMC Terrain crossover SUVs. GM’s laid-off workers are coming close to running out of employment insurance and other benefits. In the last quarter, the combine sales of both the Equinox and Terrain went up 100 percent in Canada and 128 percent in the States. The president of the Canadians auto workers union welcomes this return.

The rescue plan

German Chancellor Angela Merkel made a deal to rescue Greece from being in financial troubles. If Greece goes bankrupt, 14 other countries would follow. That being said, Greece is a European country whose currency is the Euro. Most Europeans countries use the Euro.

The solution

Eurozone and IMF are the main financial institutions in Europe. They could potentially help Greece climb out of its current financial state. But the only way that Eurozone and IMF can give such a big loan is if they get the approval of the other 15 European countries. Without this approval, Eurozone and IMF can do nothing to help Greece.

US passes health care bill

Yesterday the United States, received 7 votes for a new legislature for the health care system. It has been 45 years since the last time this legislature was changed. These legislatures consist of demanding that now 93 percent of Americans will be able to get health care. Congressional officials said they expect Obama to sign the bill as early as Tuesday.

"I want to thank every member of Congress who stood up tonight with courage and conviction to make health care reform a reality," Obama said. "I know this wasn't an easy vote for a lot of people. But it was the right vote."

The Scam that went wrong !

Hi I’m Manwhell lest see what on the TV when report showed on news Canada. James was his name he was 34 and he live on Young Street. James work for 17 years at the local bank there, he was getting tired of his job. One day he asks his manager for a bonus maybe by couple of thousand. His manager, David told him maybe if you get new clients to this bank, I will boost up your salary.

James could not wait that long, so when George the richest man in town came in to deposit some money. James told him that he could do the transactions. George gave James a check for 50,000 dollar. James went in the back, where he exchanges the check into the computer. He changed the account saying that George receives 40,000 dollars worth in that check. Where was the other 10,000 well James added that in his bank account. James did that for a couple of people until he had 123,000 dollars in his bank account.

When David went to give him the bonus, he did not want to wait for. There were five police officers waiting for him. These police officers were here to arrests, him. They said« we know what you did », the manager looked confused. The police officers showed him an account which he created to put all the money he scam out of people. David looked confused and disoriented, he looked at James. James smile back at him, when he was leaving the building.

When David entered into court, charges were pressed up against him, for 5 years the manager was sent to jail. He did not know what he did. Until one day James the new manager of the bank came in for a visit, it was James. James said he was tired that now he feels he gets paid for what he did.

James explained how he did it, he explained that he switch the account receivable to him. When James walked out of the visiting room he was arrested. David explained that somehow he knew that James was the one steeling from these people. The police officers decided to bug the visiting room where David was.

Seriously! James went through all that just to do tax fraud. He could have just do what I did and taken the money under the table and then killed the guy. That way you could just leave the country like I am doing. I’m going to North Korea.

Clean up the streets in Scarborough ™

Dear editor,

In today society all Canadians have a fear of leaving their house and car locked. Now usually this isn’t a problem, but over 10 deaths were cause last year in breaking and entering. Now I know this numbers is quite shocking, but it shows that Canada has a real big problem. Now usually the governments wait until it becomes a big enough problem then they take care of it. Either by adopting a law that allow the community to have a curfew. That enables this community to be protected by theft at night or by allowing each community to create their own night watch.

In Scarborough, the city situated in Ontario, around 1000 people every year. This community complains that they have proof of breaking and entering in their home and that several items from their home have come up missing. In this case I would adopt a law which will demand that Scarborough have a curfew for its community. I know this those not look feasible. Scarborough has become a place where it’s considered one of the highest crime rates.

Scarborough is unlike other cities, because they cannot create a Night Watch. Night Watch is a group of people from the community patrolling the streets making sure nothing bad happens. Why Scarborough should not have a Night Watch. It is because it’s too big of a region a Night Watch can only be use for a small town.

These problems have to fix before it may be too late to endure. Scarborough is only one case where people are becoming more insecure of their property. If killing is stealing a life, then what is steeling? We need insured that everybody can live a normal life.

Today Dow,Nikkei and Stoxx 50

As you see to the right of this post, that most of the stocks are going up for the Dow (American market) and for Stoxx 50 (European market). There are several reasons why this is occurring; first of all it has to do with Venezuela. For several years oil in Venezuela was put mostly in reserve for foreign country. (U.S. for n example) Venezuela decided to create a sort of agreements with theses countries. Allowing his merchandise (oil) is paid as soon as possible, why Venezuela did made that it, its strongest point in the contract. It’s because in the past whenever Venezuela advance money to a country, it took to long to receive the money back. Venezuela wanted that both sides agreeing on this contract to remember that point. This contract was signed in the beginning of January between several countries. This is only one reason why several markets have been climbing up at such good speed.

Look outside, today looks like a good day? ™

Studies have showed us that last month alone. The unemployment rate has dropped by an exponential amount. Still employers continue to cut jobs in January as businesses are doubtful of this economic dilemma.

Today Dow,Nikkei and Stoxx 50

As you see here this is only a post of the stocks at the beginning of the day. So don’t be alarm if it seems later on in the day to go up or down.

Answering the Question

The question that many people ask everyday is how we are supposed to bring back the economy. Well there are many ways to start back the economy.

What truly means nationalizations? Nationalizations are acts of taking an industry or assets into the public ownership of a national government or state.

The Obama administrations securing its I.M.F.

International monetary fund (I.M.F.) is a composition of over 180 countries. The I.M.F was created during the World War II .Just recently the administrations of Obama have concluded that they are trying to prepare for the meeting of the G- 20 (20 of the most industrial countries of the world). In that group of 20 such as China, India and others decided to state. That the economic crisis was created in America before distributed to the rest of Europe.

Jobless Rate Slips to 9.7 Percent, 20,000 Jobs Cut

S&P/TSX 11 004,48 -124,28 (N/A)
Venture 1 431,50 - 20,68 (N/A
Dow Jones 9 996,44 - 5,74 (N/A)

Welcome all

In this blog I will be answering most of the question about our economy. Also I will take the time out of my day, to explain how in several countries trying to get us out of this jam (meaning economic crisis).