Wednesday December 24, 2008
Latest Columns 
$17.4-billion buys time for Detroit
Published: Saturday, December 20, 2008 12:00 AM Page B1
Restructure fast or go bust.That was the blunt message U.S. President George W. Bush delivered to General Motors Corp. and Chrysler LLC yesterday as he grudgingly approved $17.4-billion (U.S.) in emergency bridge loans for the cash-starved car makers.
$17.4-billion buys time for Detroit
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Online Edition: Friday, December 19, 2008 09:22 PM
Bush gives stern message to GM, Chrysler
Auto plan casts Chrysler's fate in doubt
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Online Edition: Friday, December 19, 2008 03:00 AM
Car maker not expected to survive a U.S. proposal to put Detroit Three into bankruptcy; may leave 'Canada on the outside looking in'
Auto plan casts Chrysler's fate in doubt
Published: Friday, December 19, 2008 12:00 AM Page B1
Worried about a chaotic industry unwinding, the White House said yesterday that it is exploring a form of orderly bankruptcy to deal with the rapidly deteriorating financial condition of the Detroit Three auto makers, particularly Chrysler LLC and General Motors Corp.
Fed drives benchmark rate to rock bottom
Published: Wednesday, December 17, 2008 12:00 AM Page A1
The age of zero interest rates is here.In the monetary policy equivalent of a Hail Mary pass, the U.S. Federal Reserve Board voted unanimously yesterday to deploy all of its resources to counter the worst economic conditions since the Great Depression: a near-zero benchmark interest rate and a pledge to pump virtually limitless amounts of cash into the financial system.
Fed drives benchmark rate to rock bottom
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Online Edition: Tuesday, December 16, 2008 10:32 PM
U.S. Federal Reserve battles economic downturn by cutting interest rate to a target of zero to 0.25 percent
As Ben flirts with zero, he readies a new plan
Online Edition: Tuesday, December 16, 2008 06:00 AM
Fed may issue its own debt for the first time
As Ben flirts with zero, he readies a new plan
Published: Tuesday, December 16, 2008 12:00 AM Page B1
What if Ben Bernanke and his U.S. Federal Reserve Board colleagues slashed the central bank's key interest rate to zero and no one cared?Mr. Bernanke is headed where no Fed chief has gone before. The bank's policy-making committee is expected to announce today that it's slashing its key lending rate by half a percentage point to a mere 0.5 per cent. Some economists predict an even larger cut of three-quarters of a point.
BAILOUT TO TOP $17-BILLION
Published: Saturday, December 13, 2008 12:00 AM Page A1
U.S. and Canadian governments say they will ride to the rescue of the beleaguered Detroit auto makers, hoping to head off a catastrophic collapse of Chrysler LLC or General Motors Corp. that would cascade throughout the North American economy.
Bailout to top $17-billion
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Online Edition: Friday, December 12, 2008 09:00 PM
Ottawa and Ontario to follow suit after U.S. rescue package
