Monday, October 30, 2006 - Business - Letter reveals friction at CMHC

Higher House prices? PR - Business - Letter reveals friction at CMHC: "Letter reveals friction at CMHCSharp reprimand from bank governor

OTTAWA -- A tart letter of reprimand from the governor of the Bank of Canada suggests there have been rocky relations between the bank and the embattled Canada Mortgage and Housing Corp.
The newly released letter from David Dodge to Karen Kinsley, president and CEO of the housing corporation, uses unusually strong language to criticize new lending policies announced by the federal corporation over the summer.
'I read with interest and dismay your press release of June 28 which indicated that CMHC would offer mortgage insurance for interest-only loans and for amortizations of up to 35 years,' says the two-page letter. "

Osprey Media. - Brantford Expositor

Osprey Media. - Brantford Expositor: "Jail is not the answer: advocate; Fewer charges being laid under new law

Vincent Ball
Local News - Friday, October 27, 2006 @ 01:00

City police have charged only 47 youths with crimes so far this year, but that doesn't mean fewer young people are breaking the law.

Nor does it mean there has been a huge drop in crime.

The figures, provided by police, are a reflection of the changes introduced when the Youth Criminal Justice Act came into effect in April 2003.

In addition to those charged, 279 had their offences deferred by police pending completion of a diversion program offered by St.
Leonard's Community Services"

High Taxes top issue

Osprey Media. - Brantford Expositor: "Taxes top issue in November municipal election

James Wallace
Queens Park - Monday, October 30, 2006

Osprey News Network

Money is the top issue on the minds of municipal voters across Ontario, shows a SES Research/Osprey Media poll.

Almost half of those surveyed listed taxes or funding for cities as the top issue in the November municipal election, the poll found.

This upcoming municipal election is really about dollars and cents, said Nik Nanos, president of SES Research. "

Saturday, October 28, 2006 - Bid online to invest - Bid online to invest: "Bid online to invest
Article By: Jennifer Gruden
Ed has a situation many of us may have experienced in our youth. He's working his way through school in an in-demand field, and expects to be employed after graduation. In the meantime his mother offered him an interest-free loan to pay educational expenses. But Ed's found theres still a cost:
“Well, I have concluded that THERE IS a price to pay! This loan, although at zero interest, is NOT FREE. It's actually an enormous burden,” he says in his request for a loan at
That’s why he’s requesting an $8,000 (US) loan at 9.00 per cent interest. And 2 days and 23 hours before his loan request will close, he’s found it fully funded, with 182 people bidding online in order to each loan him part of the total loan.
Bidding online? Isn’t that what you do to pick up bargains at eBay? Well yes. And since February 2006, it’s also been a way for people to lend money – from tens of dollars to thousands of dollars – to other people.
'Until now, financial institutions have controlled who is able to obtain credit and the rates people pay,' said Chris Larsen, Chief Executive Officer and co-founder of Prosper, in a press release issued as the company came online. 'Over time, this one-sided control has bred inefficiencies and excessive margins – leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.'
'Prosper gives people the opportunity to take back the marketplace for consumer credit,' said Larsen.
How does it work?
A basic transaction is fairly simple. People who want to borrow money create a l"

Tuesday, October 24, 2006

Consumer News - Eight Ways To Sink Yourself Financially - ArcaMax Publishing

Consumer News - Eight Ways To Sink Yourself Financially - ArcaMax Publishing: "Eight Ways To Sink Yourself Financially
Rich Acheampong
1. Don't focus on your finances

The reason most people get into debt is because they don't spend enough time focusing on their finances. You need to get a grasp of where you're at financially, keep track of your income in relation to expenses and spending habits.

2. Failure to develop a good financial plan

Eight Ways To Sink Yourself Financially
Rich Acheampong 1. Don't focus on your finances The reason most people get into debt is because they don't spend enough time focusing on their finances. You need to get a grasp of where you're at financially, keep track of your income in relation to expenses and spending habits.
2. Failure to develop a good financial plan No one would imagine going on vacation without planning for it. Yet when finances are concerned, many people don't plan. A good financial plan can be the difference between comfortable living and struggling to get by.
3. Waiting too long to invest When making investments, time is of the essence. Compound interest earns money over time; so don't wait too long to save for retirement. The longer you wait to invest, the smaller your return on investment.
4. Marrying the wrong person Who you marry has a huge impact on your finances. Couples with different views on money, create stress in their marriage. Divorce apart from the emotional pain and suffering causes financial heartache.
5. Habits Although habits seem minor, the prices add up. Buying a $1 coffee each day cost you $365 every year. Imagine how much more money you spend by eating out regularly. If you smoke, the cost of cigarettes along could drive you to quit.
6. Running up credit card balances If you carry unpaid balances on credit cards, you are already losing money in interest payments alone. Credit card companies have high interest charges that accumulate with unpaid balances.
7. Be under-insured You need to protect yourself and your family from unforeseen emergencies, sickness, accidents and possible death. The goal is to make sure that you have proper financial coverage incase anything should happen.
8. Investing in things you don't understand If I had a dollar for every sure fire stock tip... I'd be rich. Then I'd lose that money by investing in those tips. Make sure you know what you are investing in, by asking a lot of questions, don't hesitate to get another financial opinion.

No one would imagine going on vacation without planning for it. Yet when finances are concerned, many people don't plan. A good financial plan can be the difference between comfortable living and struggling to get by.

Tuesday, October 17, 2006

Prison ombudsman accuses prison system of ‘institutionalized discrimination’

Prison ombudsman accuses prison system of ‘institutionalized discrimination’: "Meagan Fitzpatrick,
Font: * * * * OTTAWA -- Canada’s jail system routinely discriminates against aboriginal offenders, according to the federal prison watchdog. In his annual report released Monday, ombudsman Howard Sapers outlined a number of concerns but chose to focus on aboriginal Canadians, saying they are over-represented in the justice system and treated unfairly within it.
Sapers said the general picture is one of 'institutionalized discrimination.'
'Aboriginal people are routinely disadvantaged once they are placed into the care and custody of the correctional service,' he said.
Aboriginal offenders are more often placed in maximum security prisons and in segregation than non-aboriginal offenders, Sapers reported, and that 'severely limits access to rehabilitative programming and services.' He also said aboriginal inmates are not always given the same chance at parole as non-aboriginal offenders.
Sapers said Canada’s correctional service is not responsible for the social conditions and the policy decisions which contribute to its offender population, but it is responsible for ensuring that all offenders are treated fairly.
'It is, therefore, with grave concern that today I am underscoring that the Correctional Service of Canada falls short of this standard of care by allowing for systemic discrimination against aboriginal inmates,' he said.
Sapers said his recommendations must be acted upon swiftly. Among changes to the system, Sapers wants to see more aboriginal people employed in the correctional service.

"My message to the correctional service today is to walk your talk and make real progress a priority in this area. My message to the government is to give the service the resources they need to get the job done," he said

Wednesday, October 11, 2006

Osprey Media. - Brantford Expositor

One year from now we can effect change PR

Osprey Media. - Brantford Expositor: "McGuinty plots out re-election campaign

James Wallace
Queens Park - Tuesday, October 10, 2006

Dalton McGuinty leans back in his chair, turns slightly and nods out the
window behind him.

'You're here today, in my office, overlooking the lawn of Queen's Park,' the
Premier tells a visitor, then pauses to make a point.

'It's pretty quiet out there.'

McGuinty's Liberal government moved into the fourth and final year of its
mandate this past week. Less than a year from now, voters will get a chance
to weigh the accomplishments and failings of his party, which convinced
voters to 'choose change' in 2003.

In an exclusive interview with Osprey News, McGuinty reflected on his coming
campaign for re-election and the broad messages he'll be bringing to voters.

'For the last year, we will continue to drive hard on our original mandate,
particularly when it comes to the fundamentals,' he said, 'Getting class
sizes down, test scores up, getting wait times down, getting nurses hired
and graduating more physicians.'

'We also want to continue to work with labour and business to continue to
grow the economy, whether it's in the auto sector, manufacturing, forestry
or agriculture.'

'Beyond that, we will use that as a foundation on which we'll build our next
platform and our next set of commitments,' he said.

Those will be unveiled in the coming months but more broadly, the thrust of
McGuinty's campaign message will be twofold.

First, elaborating on his point about the relative absence of pro"

The other key theme in his campaign will directly address his greatest vulnerability - broken promises. Conservative leader John Tory recently foreshadowed what's coming at a press conference at his Queen's Park caucus office by lining the walls with signs listing broken Liberal promises. "I won't raise your taxes," one cried. "Stop school closings," said another. Others said "Unclog emergency rooms," "Balance the budget," "Provide a new funding formula for rural and northern schools," "Divert 60% of municipal garbage to recycling by 2005," "Tackle gridlock," "Close coal-fired electricity plants by 2007." Tory called McGuinty's decision to break a campaign promise by creating a new, $2.4 billion health care tax a "gross betrayal of the people" and predicted debate over broken promises in the coming campaign will be "vigorous." McGuinty made promises without thinking through their consequences and as a result was repeatedly forced to break them, he said. "I would never govern that way," Tory said. "I couldn't afford to run a business that way. I couldn't afford to run a football league that way, I couldn't afford to run charitable organizations that way." "In fact nobody runs things that way in their lives, they don't run their family life that way and yet he thinks he can run the Province of Ontario that way, Tory said. McGuinty, understandably, will ask the public to view things differently. "The other thing I would ask people to note, as they come to learn a little bit more about me. I'm not going to shrink from tough decisions," he said. "I didn't raise a health tax because I thought it would be warmly embraced by my mother, or all Ontarians," he said. "I did it because I honestly believed it was the best thing for us to do in the circumstances." Finally, McGuinty will run on a record of "recognizable improvement" in health care, education and other areas of provincial responsibility. No other government, he said, has done that - set goals, measured the results and reported back to voters. "You can count the kids in a classroom, you'll be able to do that at election time; count the test scores, count the graduations, count the wait times, count the doctors, count the nurses," he said. Come Oct. 4, 2007, all that will be left to do is count the votes.