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Entries by Diane Francis from 05/2012

Tories Lead the Way in Intelligent Immigration

| Posted 05.01.2012 | Canada Politics

Every year, the flow of people fluctuated according to supply and demand. Some years, a total of 60,000 people were allowed in, and some others years 150,000. This guaranteed that immigrants found work because they were screened properly to insure their success. Then in 1986 the Mulroney government opened up the floodgates.

Made in China? More like Destroyed by China

| Posted 05.02.2012 | Canada

Not only should China be banned from construction or bidding, but Investment Canada should ban Chinese companies from buying resource companies, or related assets. They low-ball to get contracts, then use shoddy materials, and have no respect for the rule of the law in Canada.

Canadian Condo Craze will Collapse onto Taxpayers

| Posted 05.03.2012 | Canada Business

Conventional wisdom is that this is the market at work. This is not the market at work. This is manipulation of a government system of open-ended mortgage insurance that is poorly supervised. What is going on here is a deluge of hot money from abroad that is creating an artificial, and potentially dangerous real estate bubble.

Canadian Heads Offices Under Chinese Siege

| Posted 05.04.2012 | Canada Business

Put another way, allowing a large head office to be acquired allows foreigners to acquire pieces of the country's upside, its living standards, reputation, opportunity, tax base, intellectual property, and networks. This is like selling the family jewels.

What Does Allan Greenspan Think of the Eurozone Crisis?

| Posted 05.15.2012 | Canada Business

For nearly 20 years, Alan Greenspan was the most powerful banker in the world as chairman of the Federal Reserve Board until 2006. Here, Greenspan speaks with National Post Editor-at-Large, and Huffington Post contributor Diane Francis regarding the eurozone crisis.

Greece Must Go -- and Quebec's Students Too

| Posted 05.22.2012 | Canada Business

Quebec's unruly students are no different than the Greeks. Both have enjoyed free rides for years, both are being asked to pay their share of the tab and both are refusing to do so. The Greeks are going to fall behind the Romanians in living standards in short order while the students are making a fuss over a pittance. That makes the Quebec students, in a sense, even more irresponsible.

Why Facebook Never Got Into My Wallet

| Posted 05.30.2012 | Canada Business

I bought Google in its early days because I figured out the business model, and that it was simply a ubiquitous newspaper with a gargantuan circulation that would make billions by selling ads around its content. But I didn't buy Facebook because I have never understood it. But here's another angle that bothered me.