Thursday November 20, 2008
Auto biography
Why does a Yugo have a defroster on the rear window?To keep your hands warm while you push it.That's just one of the ''Yugo jokes'' about the cheap and much-maligned subcompact that won notoriety for being one of the worst cars ever exported to North America. From Print Edition, 20/11/08
Alitalia sale paves way for entry of foreign partner
Alitalia-Linee Aeree Italiane SpA won government approval for the airline's bankruptcy administrator to sell the carrier's main assets to Italian investor group CAI SpA, paving the way for the entry of Air France-KLM Group or Deutsche Lufthansa AG. Industry Minister Claudio Scajola authorized the sale of assets yesterday, the minister's office said. CAI raised its offer to €1.052-billion ($1.65-billion) from €1-billion after government advisers valued the assets at more than the original bid. The approval will now allow CAI ''to identify a foreign partner that will strengthen the presence of Alitalia in its international markets,'' the ministry said. From Print Edition, 20/11/08
Russia moves to allow mild weakening of ruble
Russia's central bank admitted yesterday that it had spent $57.5-billion (U.S.) in two months on supporting the ruble, and Finance Minister Alexei Kudrin said allowing a mild weakening was the right decision in such circumstances. From Print Edition, 20/11/08
Monitoring media
Russian prosecutors will aggressively monitor how media outlets report on the ongoing financial crisis, authorities said yesterday.The prosecutor-general's office ordered news organizations to be responsible when reporting on financial institutions and not to spread panic, saying inspections may be carried out. No further details were given. From Print Edition, 20/11/08
Moving beyond Arctic sovereignty
Prof. Donald McRae argues: It's time to ice our irrational fears and focus on Canada's real northern challenges. 19/11/08 12:14 AM
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Moving beyond Arctic sovereignty
It's time to ice our irrational fears and focus on Canada's real northern challenges. 19/11/08 12:14 AM
