You might have thought things had changed in world financial markets since the U.S. subprime mortgage disaster. After all, we were told at the time that if taxpayers didn’t open their wallets and bail out the banks, we could face a complete meltdown of the global financial system and an economic fate rivaling the Great [...]

The more you hear about the extraordinary efforts that governments around the world are taking to promote economic growth, the less confident you can be in the result. With the clock ticking on a Greek default, members of the European Monetary Union are considering sweetening their bail out pot for a second time since the [...]

When virtually every global financial institution is exposed to one other in today’s world of free flowing capital markets, where do you hide when bankrupt borrowers like Greece default? Certainly not in French banks, which have lost almost half of their share value over the past year due to their Greek exposure. And if French [...]

It is getting harder and harder to see where tomorrow’s global growth will be coming from. Job creation in the U.S. has come to a screeching halt. Growth in the Eurozone has done the same. And a still irradiating Japanese economy continues to stagnate, while an emerging energy crisis has suddenly sparked plans to start [...]

James Hansen, NASA’s lead climate scientist, says if TransCanada Pipeline’s Keystone XL mega-project connecting Alberta tar sand producers to Gulf Coast refineries is approved, it is game over for the planet. It certainly won’t be game over Alberta’s oil patch or the thousands of North American steel workers who will build the massive pipeline. And [...]