Archives » Tuesday, November 03, 2009
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Daniel Gross
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Nov 3, 2009 12:06 PM
In the past year, distance from the U.S. has proved a great insulator from economic pain. China and Australia, literally on the other side of the globe, are humming along, while Mexico is suffering from a decline in U.S. imports. But our NAFTA neighbor to the north, Canada, has emerged from the morass in better shape than any developed economy. Since its brief recession ended this summer, Canada has been creating jobs (31,000 in September). The Canadian dollar--the loonie--is soaring against our dollar. "There is a buzz in Canada right now, which is as far apart as you could ever be from what's happening south of the border," said David Rosenberg, chief economist of Toronto-based asset manager Gluskin Sheff.
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Katie Baker
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Nov 3, 2009 06:02 AM
Thanks to the antics of Prime Minister Silvio Berlusconi--his excursions with escorts, his insistence that beauty queens be included in his Parliament, his description of his country as a land of "beautiful secretaries"--Italy's getting slammed often these days for its culture of chauvinism. Now, the World Economic Forum's annual Gender Gap Report gives heft to those accusations. This year, Italy places a dismal number 79 (out of 134 ) on the ranking of nations by gender equality, falling five places from 2008. By contrast, the rest of Europe scored well: Scandinavian countries took the first four spots again this year, and eight other European nations placed in the top 20. Even Kazakhstan and Uzbekistan bested Italy, by 32 and 21 places, respectively.
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