EMPIRE CRUMBLES | Free-for-all soon on CanWest assets. Post-bankruptcy filing yesterday, Ontario dailies in Torstar's sights. Food Network and HGTV sought by Corus, Rogers, CTVglobemedia, Astral. Most logical buyers for Global TV restrained by anti-trust rules. Aspers relegated to observer status as bondholders drive two separate reorgs, of bankrupt Global and National Post, and of newspaper group - set to file for own creditor protection ahead of breakup and sales.
DREAMS DEFERRED | Canadian youth unemployment at 20-year high. Toronto 4% above national average.
WINTER HEATING COST WINDFALL | U.S. says expected mild winter means likely lower heating costs. Not to forget glut of natural gas, heating fuel for half of U.S. homes.
ONTARIO LAUDED FOR GREEN POWER PUSH | Global investors take interest in profit opportunities. Ontario's incentives that guarantee above-market prices to sellers of power produced from sun, wind, water and biomass are most generous in N.A. "Ontario is well ahead of the U.S. and even California that claims to be so green," Mehdi Hosseini, an analyst at FBR Capital Markets in San Francisco, tells Reuters.
WOMEN COOL TO IGGY | Globe says women find Grit leader "stuffy, inauthentic and untrustworthy." Also can't imagine him interrupting an interview taping to kill a housefly, as Obama does.
SPENDTHRIFT CANUCKS | Household credit up 7%, fastest recession rate in postwar era. Low interest rates the driver: interest payments as percentage of disposable income is just 7.7%, lowest level since 2006, lower than 10% rate of 1991 recession. Helps account for the strong Canadian housing market.
GOLDBUGS GO CRAZY | Yellow metal hits record $1,045 (U.S.). Reax to slumping greenback, record U.S. deficit, false news Arab oil producers want switch to euro-pricing.
NEST EGGS NICKED | Average U.S. worker took 26% hit to 401(k) in 2008. And that's pretty much all you need to know about the consumer spending slump of 2008-09.
SO STOP HITTING YOUR HEAD WITH THAT HAMMER | Even corporate directors say CEO pay too high. Then why do these boards keep shelling out? Mostly fear "underpaid" CEOs will ankle to competition. If only.
STIRRINGS IN FAST FOOD NATION | Fast-food bellwether Yum Brands reports higher profits. Good news, finally, for away-from-home dining sector, major employer of suffering lower middle class. Obvious downside to revival at Yum's KFC, Pizza Hut and Taco Bell is dietary health impact and long-term costs thereof.
MED DIET | Study says Mediterranean diet cure for depression and other ailments. plenty of olive oil, fruits, nuts, vegetables, and fish - may guard against depression, a new study suggests. Long lauded for lowering risk of heart and circulation problems, plenty of olive oil, fruits, nuts, vegetables and fish cheer you up, as well.
Not a picture of health, spoilsport dieticians say. Those fries are making me hungry - and I just ate.
TEACH DIET, NOT HISTORY | Dutch author makes case for mandatory classroom food education. "What good does it do to teach children that 1492 was the year Columbus discovered America? Better to teach them that it is the number of calories in two Big Mac's with medium-size fries and extra ketchup."
GILLER FINALISTS ANNOUNCED | And they are...Linden MacIntyre (The Bishop's Man), Anne Michaels (The Winter Vault), Annabel Lyon (The Golden Mean), Colin McAdam (Fall) and Kim Echlin (The Disappeared). You have until Nov. 10 to see if your fave wins.
QUOTE OF THE DAY | "As you know, President Obama flew to Denmark, made his pitch. The international committee voted. Chicago finished last, dead last. Well, I guess the committee thought Chicago already had enough amateur athletes with the White Sox and the Cubs." -Jay Leno.
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