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Wed, Dec 24th - 4:05AM Katrina Kaif Biography, quotes and photos of Bollywood actress Katrina Kaif. Comment (0)
Wed, Dec 17th - 12:49PM News Headlines Iraqi Politicians can't agree about Shoe Thrower Ontario gets 21 more seats in the House of Commons... Internet Explorer Flawed, says Microsoft OPEC makes record cuts, oil prices tumble due to d... Aliens, Ghostbusters and Sigourney Weaver Canadian Idol canceled US Federal Reserve cuts Interest Rate to ZERO TD Bank economists predict $30 oil The Shoe Thrown around the World Greeks continue to riot, demand end to police corr... 517,000 auto-sector jobs in Ontario at stake Wall Street duped in $50 billion fraud scam Iraqi Man throws shoes at George W. Bush Stephen Harper seeks to rig Senate Negligent RCMP won't face charges in Taser death European Union pushes $264B economic stimulus U.S. jobless claims at 26-year high Canadian builds robot daughter Aiko Solar taxi completes round-the-world trip Greece under siege due to mass riots and general s... Global Warming killing Coral Reefs United States agrees to bailout auto industry Comment (0)
Wed, Dec 10th - 9:38AM News Headlines What part of "majority rule" do you not get? Daily Show mocks Stephen Harper Cancer rates growing dramatically Behold, the Scorpion Hydrogen Supercar Bank of Canada cuts interest rates Moneypenny and Q coming in next 007 movie Bob Rae abandons Liberal leadership bid Debate the Coalition in Your Community Charest wins Quebec Tory government spending spree on consultants Bank Interest Rates Nearing Zero Automakers beg for $6 billion in Canada Comment (0)
Sun, Dec 7th - 7:59PM December 7th 2008 December 7th 2008 The Lilith eZine Sunday Edition Letter from the Editor The economy is the biggest concern lately. Almost everyone is worried about it. In Canada the minority government was nearly overthrown this past week because opposition parties are so worried about the economy and the governing party's lack of action that they decided the best thing to do was to try to make a new coalition government which would actually do something about the economy. In the USA the automotive industry is looking for $34 billion in government loans so that they can restructure and give more car loans. General Motors, Ford and Chrysler are also asking for another $6 billion in Canada. As if that is not enough the banking industry has its paws out for $700 billion for all the bad mortgages on their hands. And then there's the credit card companies which are cutting back, which highlights what got us into this mess in the first place: Too much credit and too many people given mortgages for houses not worth the amount they spent. But here's the thing... what month of the year does Americans and Canadians spend the most on credit? December. The holiday shopping season. Typically, we go out and spend spend spend, get drunk for New Years and then get the bill sometime in January. According to a poll 40% of Canadians are cutting back 10% or more on their Christmas shopping this year and approx. 55% of Americans are doing the same thing. It might actually be a good thing for people to learn some fiscal responsibility. Too much credit seems to be the source of our problems, not the solution to it. Should we really be giving money to the banks and automotive industry to solve their credit problems? The doom-and-gloom-sayers claim if the automotive industry's Big Three collapse that the economy will follow, but is that really the case? No, although they could certainly become leaner. The issue at stake here is that these automakers have been RECKLESS spenders and spending billions and billions on cars that due to America's low emission standards can only be sold in the United States. Most American-built cars can't be sold in Asia or Europe because their emission and fuel mileage standards are so pathetically low, and Asian/European car manufacturers have trouble selling in North America because they not only meet the standards, they exceed them. The solution, arguably, is not a bailout, but higher fuel efficiency and emission standards in the USA. The same concept could and should be applied to the banking industry. Higher standards, more regulation of housing prices and less reckless loans/mortgages. Remember the 1997 Asian Financial Crisis? The country of Thailand went essentially bankrupt and all the neighbouring countries who had loaned them money were suddenly on the hook for a great deal of cash, taking substantial losses. That spilled over into the financial markets, effecting mortgages, credit cards, personal and business loans. The IMF (International Monetary Fund) stepped in with a series of prudent bailouts tied to changes that raised standards and it took two years for the markets to calm down and recover. And roughly the same thing is happening now for North America's automotive and financial industries: Bailouts contingent on higher standards. Our economy should recover sometime in 2009 or 2010, but it will depend on those higher standards. That doesn't mean we should all rush out and spend spend spend. Prudent spending is probably still the wisest course of action, such as buying things people need rather than just want. Sincerely, Suzanne MacNevin Editor of the Lilith eZine Art History Abstraction: Perfection and Amateurism Canada Stephen Harper: Stifling Democracy Creating Jobs in Canada Canadian Christmas Shoppers Feminism Top 20 Influential Women Health Suicide Entertainment Politics The Death Spasms of American Racism Sex Less Violence, More Sex Technology Canadian Spam FOR DAILY UPDATES SEE THE LILITH NEWS. Comment (0)
Fri, Dec 5th - 4:08PM News Headlines Loonie lowest since 2004 Liberals push to replace Stephane Dion One Hundred Canadian Soldiers Killed in Afghanista... Stephen Harper is not a leader Stephen Harper a coward says mainstream media Canada and other "banana republics" Canadian Leaders speak out Comment (0)
Wed, Dec 3rd - 2:59PM Stephen Harper Vs Democracy Stephen Harper Vs Democracy Stephen Harper doesn't like Democracy. In fact Stephen Harper Wants to Stifle Democracy in Canada. Just look at his track record of censorship and democracy. Bill C-10, cutting tax credits for the Canadian film industry. $45 million dollars in cuts to Canada's arts industry. In 2007 Harper cut funding to women's rights groups and women's shelters. In 2006 Harper cut funding to adult literacy programs. Last week Stephen Harper tried to cut $30 million from public funding of political parties, money used to make sure elections are FAIR and DEMOCRATIC. And for those naysayers who think freedom of speech doesn't go hand-and-hand with democracy, think about it. How can people make a reliable and responsible decision for who to vote for if they don't know the truth? If they are only exposed to an one-sided argument they have no choice but to agree. Freedom of the Press is about giving people all their options, so they understand who is against an issue, who is in favour and WHY they are against or in favour of it. If a particular leader censors women, artists, writers, the film industry and people in general... well, that is hardly supporting democracy. Its supporting ignorance. Comment (0)
Wed, Dec 3rd - 11:13AM News Headlines Tories worried about Obama effect Nellie McClung and the Women's Vote Kids In The Hall returns for 8 Episodes Governors urge Obama to spend on infrastructure TSX loses 864 points, worst one-day loss since '87... Liberals, NDP and Bloc sign pact Tories considering regime change Canadians for a Progressive Coalition Tory Economic Package full of holes Saskatchewan Premier ridicules Stephen Harper China passes Japan as largest creditor for US National Debt Pakistani Teen murdered and her baby tossed into canal Top 10 Most Expensive Paintings The race for Women's Viagra Comment (0)
Mon, Dec 1st - 7:51PM Gothic Personals for Gothic Canadians Comment (0)
Mon, Dec 1st - 9:15AM News Headlines Canada's dollar may collapse to 65 cents US Canada in Recession Conservatives spied on NDP meeting 110 Killed in Brazilian Flood Harper Flip Flops, Canada needs Public Works Projects Comment (0)