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Entries by Diane Francis from 12/2012

Carney Takes London

| Posted 12.01.2012 | UK Politics

The last time a good-looking Canadian of Irish descent took a bank job in Britain he made a great success of it. Matthew Barrett ran the Bank of Montreal then Barclay's Bank, This time, Mark Carney, Governor of the Bank of Canada, has landed Britain's most prestigious banking job as Governor of the Bank of England.

The Sooner We Go Over the Fiscal Cliff, The Better

| Posted 12.09.2012 | Canada Business

The Americans, bless them, never miss an opportunity to hype a product or an issue. And the so-called "fiscal cliff" is another example of the type of drama that characterizes its noisy policy scape. Frankly, the sooner the cliff is reached the better. And Canadians have much at stake too.

The Nexen Deal Is Only the Beginning

| Posted 12.18.2012 | Canada Business

After the Nexen deal was approved, Prime Minister Stephen Harper framed this as the "end of a trend" not the "beginning" of a buyout frenzy by more sovereign-owned enterprises (SOEs). But this is not the end. This is the beginning of the beginning. Phone calls are already being made to launch new buyouts by foreigners here.

Fiscal Cliff? More Like Cold Shower

| Posted 12.23.2012 | Canada Business

America's day of fiscal reckoning has been postponed because of the rise of the Tea Party anti-state movement. Fiscal "cliff" is the wrong metaphor. What's about to happen is not the end of the world, as falling off a cliff would imply. A better metaphor is America is about to head into a "fiscal cold shower."

Why Robots Should Run Our Finances in 2013

| Posted 12.28.2012 | Canada Business

The Artificial Intelligence Laboratory at the University of Zurich announced that the world's first "humanoid" robot will be "born" in March. It's an incredible achievement, but overshadowed by the fact that "Roboys" are not yet running our governments, programmed for fiscal responsibility in order to fix our finances.