immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Olivier Blanchard: Olivier Blanchard also told Handelsblatt newspaper's Friday edition that Germany should take on a stronger role in Europe and needed to invest more rather than focus on saving. , according to Reuters. " Central bank independence should be tiered. Classical monetary policy must remain independent. The control of the financial markets by the central bank, however, should be put under some kind of political supervision." BERLIN - Central banks should be independent in setting monetary policy but they should also be tasked with monitoring financial market stability under political supervision, the International Monetary Fund's IMF chief economist said. "If there is one lesson to be learned from the crisis, it must be: it's not enough to keep an eye on monetary stability. We must also look at the stability of the financial system," Blanchard was quoted as saying. (www.immigrantscanada.com). As reported in the news.

Daniel O Connor: We looked at each other and said, Do you realize in about an hour, some people are coming through the door that we ve never met before and are from another country? O Connor, 55, recalled, according to The Star. Did you? asked Sergio Cedano, laughing and As Martha Randall and Daniel O Connor were preparing Thanksgiving dinner last year, they were worrying about more than whether the turkey was cooked through. I hope this is going to be good, and we wont have to count the silverware, O Connor joked. (www.immigrantscanada.com). As reported in the news.

private equity real estate company: The missions board accepted a deal with a private equity real estate company in late September, but is not disclosing the company or selling price, according to The Star. Its the location that stayed open for business during a massive fire in 1921, serving coffee and sandwiches to the men fighting the blaze. Its where thousands of hungry people went through about 5,600 beef sandwiches, 300 litres of tea and nearly 100 litres of milk a day when the Great Depression hit in 1929 and The Yonge Street Mission has sold its namesake location after more than a century in the space. 381 Yonge St., known as Evergreen since 1979, had been used continuously by the mission since 1904, making it the most geographically recognizable and memorable of its six community sites. (www.immigrantscanada.com). As reported in the news.

Liberal Party: BlackBerry s job-loss announcement just two days after the provincial election brought an apt ending to the campaign debate over job stimulation, according to The Chronicle Herald. The NDP hitched its wagon to heavy public subsidies of the corporate sector and lost the contest. The winning Liberal Party said government should be the lender of last resort. The Progressive Conservative Party, soon to be the official Opposition, said tax cuts and a freeze on power rates would free up money for the private sector to invest in jobs and All three major parties sparred over the best way to support jobs. (www.immigrantscanada.com). As reported in the news.

Kamala Harris: The lawsuit against Corinthian Colleges Inc. was part of a larger investigation of the entire for-profit college industry, state Attorney General Kamala Harris said in San Francisco, according to Times Colonist. Harris said the majority of those students are minorities in their mid-20s with annual incomes of about $20,000. Many are single mothers, Harris said and SAN FRANCISCO - California's attorney general filed a lawsuit Thursday accusing a for-profit college company of misrepresenting job placement rates, false advertising and other deceptive practices to lure low-income residents to take out student loans to attend its schools. Santa Ana-based Corinthian operates Everest, Heald and WyoTech colleges, which have a combined 81,000 students nationwide and 27,000 students in California. (www.immigrantscanada.com). As reported in the news.

quarterly business outlook survey: The findings of the central bank's much-watched quarterly business outlook survey is not good news for those hoping to see a strong economic rebound in the second half of this year or in 2014 after what has been almost two years of sluggish growth, according to Huffington Post. "Many firms continue to report that uncertainty is affecting investment decisions, notably by leading them to postpone projects, or to shift their focus toward initiatives that involve less risk or smaller outlays." OTTAWA - Canadian firms are turning progressively gloomier about the slow pace of the world's economy and say they want to see signs of progress before ramping up hiring and investment, a new Bank of Canada survey suggests. "Weak demand and uncertainty regarding future demand continue to weigh on firms' investment decisions and near-term capacity planning," the bank said in its summation. (www.immigrantscanada.com). As reported in the news.

unemployment rate: The improvement in the unemployment rate from 7.1 per cent in August came as the economy added 11,900 new jobs for the month, just ahead of the 10,000 that had been expected by economists, according to CTV. Bank of Montreal chief economist Doug Porter said that, in general, the details of the report were stronger than the overall numbers would suggest and OTTAWA, Ont. -- The unemployment rate dropped to 6.9 per cent in September -- its lowest level since 2008 -- as fewer young people looked for work, Statistics Canada said Friday. The gain in jobs followed the addition of 59,200 jobs in August. (www.immigrantscanada.com). As reported in the news.

Prime Minister Stephen Harper: Prime Minister Stephen Harper and his Conservatives have high hopes that next weeks throne speech will turn the page on a year marked by scandal and controversy, according to The Star. They pushed reset because they needed to. I think they were fully aware that not unlike other governments, its better to play offence than defence, said Tim Powers, a Conservative commentator and vice chairman of Summa Strategies and OTTAWA A political blueprint, a channel-changer, a bookend on an annus horribilis. On Wednesday afternoon, Governor General David Johnston will read the broad brush blueprint intended to take the Conservatives through the final two years of their term and, they hope, back to power in 2015. (www.immigrantscanada.com). As reported in the news.

President Bashar al-Assad: AMMAN - Syrian army troops and Shi'ite militia fighters loyal to President Bashar al-Assad captured two southern suburbs of Damascus on Friday, killing at least 70 people, opposition activists said. , according to Reuters. The capture of the two districts, located between the two main highways leading to Jordan, strengthens Assad's hold on major supply lines and puts pressure on rebel brigades under siege for months in areas adjacent to the center of Damascus. By Khaled Yacoub Oweis The fighters, including some from the Lebanese Shi'ite movement Hezbollah and Iraqi Shi'ites backed by Syrian army tanks, searched al-Thiabiya and Husseiniya, a Palestinian refugee camp, for pockets of resistance after overrunning them, the sources said. (www.immigrantscanada.com). As reported in the news.

mental health patients: All three Syrian refugees are among the growing number of mental health patients now being treated at Domiz, a Syrian refugee camp in the Duhok province of Iraq. Syrias two-year civil war has killed an estimated 110,000 people and created more than two million refugees more than 48,000 of whom now live in Domiz, a camp meant to accommodate just 1,000 families when it first opened in April 2012, according to The Star. MORE ON THESTAR.COM In northern Iraq, they have escaped Syrias bombs and bullets but their crisis is far from over: A delirious woman who thought she was pregnant with eleven babies. A 10-year-old boy embarrassed about his sudden bed-wetting. A businessman who started cutting himself because he gets relief from seeing the blood. And as the population of Domiz has swelled, so too have the camps mental health needs. In 2012, roughly seven per cent of mental health patients had symptoms of severe mental disorders, according to M decins Sans Fronti res , which is providing health services at the camp. This year, that number has already more than doubled to 15 per cent. (www.immigrantscanada.com). As reported in the news.