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The recession made me fat.
Apparently the credit crunch has affected more than just bank accounts– now it’s after waistlines. A recent German study showed a strong correlation between indebtedness and obesity. You’d think it would be the other way around (less money, less food), but researchers found 25 per cent of the 949 indebted participants were medically obese, as compared to 11 per cent of the other 8,318 study participants who weren’t. Over-indebtedness was associated with a 1.97 times higher...
Prepare for the fallout
This week, AIG gets a shout-out for issuing even more bonuses to its executives–sometimes people have to learn the hard way, twice. After public fury over the $165-million paid from bailout funds in March, AIG is back with the handouts. Next week, millions more will make its way around the C-Suite. No, this isn’t Canadian news, but it’s an issue that Bay Street isn’t totally innocent of either (READ: Nortel). It’s certainly a worthwhile discussion. Some say executives...
The sinkable General Motors
When news came in that 100-year-old General Motors was filing for bankruptcy, I can’t say I was altogether surprised. Though plenty were hoping for the Disney ending, the market had spoken long before the announcement last week. As I read through various GM obituaries, I came across an interesting comment from Stephen Pope, chief global strategist at Cantor Fitzgerald in London. He said the bitter reality of the bankruptcy “is a bit like the Titanic sinking.” In my opinion, he...
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