Canada and the World
Current Events with a Canadian Perspective
Last update
06 February 2012
Economics
Carrying a balance on a credit card is
just about the most expensive way of
borrowing money and can double the cost of a purchase
Economists Can’t Predict the Future
The role of the economist is to advise what will happen if a certain course of action is taken;
however, the profession’s recommendations
were badly wrong over the recession
Economists the Victims of many Jokes
With the exception of lawyers, it’s hard to
think of a profession held in lower public
esteem than that of economists
Gross Domestic Product Explained
Economists put great store by certain numbers
and few are more important than Gross Domestic Product; but this may be delivering a distorted picture
Ireland Slides into Public Poverty
After years of booming industrial development
the Irish economy has collapsed, largely
because of irresponsible banking activity
As practitioners of what’s called the “dismal science” economists are not noted as sparkling personalities;
there are always exceptions
World Currency Exchange Rate Negotiations
The Great Recession has played havoc with world trading patterns and has caused tensions over the value of national currencies when valued against each other