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Entries by Diane Francis from 08/2012

If You're a Politician, We Deserve to See Your Taxes

| Posted 08.06.2012 | Canada Politics

Mitt Romney has every right in the world to keep his tax returns private, but not as a Presidential candidate. To some, Americans may appear to be going too far, but not to me. In Canada and other mature parliamentary democracies, politicians disclose assets, liabilities and income to a "conflict" commissioner, not to the public. Summaries are available but details are not and tax returns are not disclosed to anyone. Full disclosure should be required. For every politician.

Kill Robo-Trading in the Stock Market Before it Kills Us

| Posted 08.15.2012 | Canada Business

A recent glimpse into a frightening future occurred on August 1 when a computer glitch at Knight Capital Group Inc., that handled 11 per cent of all U.S. stock trading, was obliterated by an unproven algorithm. In less than an hour, the firm's new "program" bid for 150 stocks incorrectly. Immediately, rival computers traded against the bids and, by the end of the day, Knight had lost $440 million and had to be rescued. Clearly, the regulators must smarten up and impose Draconian measures to end this hyper trading-for-trading's-sake abuse of markets and investors.

Is Your Facebook Lying to You?

| Posted 08.17.2012 | Canada Business

On May 25, I questioned and debunked Facebook's "active users" number of 900 million in a column. This month, the company admitted that their unaudited numbers are wrong and misleading. Zuckerberg may be a technological whiz kid, but he has yet to demonstrate that he can run a public company.

What Aussies Can Teach Canada About Immigration

| Posted 08.29.2012 | Canada Politics

Canada is finally moving toward a smart, two-step immigration policy -- like Australia and others have -- that will recruit talent through a targeting policy of foreign student education. Most foreign students in Canada get their degrees and never come back. Most Australians apply to remain and the majority stay.