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From DEREK DECLOET, Globe and Mail,  20 Nov 2009

Related Topics: BCE, Inc.,  Apple, Inc.,  Ted Rogers,  CBC,  Peter Mansbridge

Recovery: What if economists are wrong?

The writer could not have been more absolute in his opinion: “Unemployment is certain to remain high in the period ahead.” When that line appeared in the pages of this newspaper in October, 1983, unemployment had already peaked. Over the next three ...

From DEREK DECLOET, Globe and Mail,  6 Nov 2009

Public sector must share the pain of deficit

F irst there was the banking crisis. That was followed by a stock market crash. By the time the unforgettable fall of 2008 had turned into a cruel winter, we were witnessing a full-blown unemployment crisis. It was the Christmas of the Layoff: From ...

From DEREK DECLOET, Globe and Mail,  23 Oct 2009

Related Topics: General Motors,  Canadian Pacific Railway Limited,  Bob Rae,  UK Conservative Party,  BMW

Caught in the high beams of debt, CanWest stood paralyzed

Izzy Asper created a multibillion-dollar media business around a simple idea. He and his heirs ultimately destroyed it by straying too far from the formula. Not long before his father's death, chief executive officer Leonard Asper showed up one day in ...

From DEREK DECLOET, Globe and Mail,  6 Oct 2009

Related Topics: Leonard Asper,  America Online,  Time Warner Inc.,  BCE, Inc.,  Conrad Black

In defence of foreign telecom players

Dear reader, have I got a proposition for you. Let's open a widget factory together. We'll upset the Canadian widget oligopoly, which has controlled the widget market in this country for far too long. If it works, we'll eventually sell out to the ...

From DEREK DECLOET, Globe and Mail,  25 Sep 2009

Related Topics: UK Conservative Party,  Rogers Communications

It's not how they're paid, it's how much

Coming from Richard Fuld, it is a quote that will be remembered for a long time. “You don't have a gun; that's good,” he told a Reuters journalist who found him shortly before the anniversary of Lehman Brothers' collapse. When your name and face are ...

From DEREK DECLOET, Globe and Mail,  18 Sep 2009

Related Topics: Jim Flaherty,  Federal Reserve,  Wall Street Journal,  Morgan Stanley

Opel's rags won't wipe out Stronach's riches

It's the dream that causes us to admire him so much. In a nation of immigrants, the Frank Stronach saga – the guy who came to Canada with a few bucks in his pocket and made good – resonates. How many times have we heard about those humble beginnings? ...

From DEREK DECLOET, Globe and Mail,  11 Sep 2009

Related Topics: General Motors,  Frank Stronach,  Magna International, Inc.,  Sberbank,  Ford Motor Company

Harper is right to resist clunker mania

Mike Jackson isn't interested in talking. He's too damn busy for it. "We're crowded now," he said yesterday from the Ford dealership in Chicago where he works in sales. "We've got folks coming in and we're running out of vehicles." Running out of ...

From DEREK DECLOET, Globe and Mail,  22 Aug 2009

Related Topics: Mike Jackson,  Ford Motor Company,  General Motors,  Hewlett-Packard

Do the right thing? Easy. Choose one? Hard

Geoff Colvin, the author and senior editor for Fortune magazine, hit the mark when he wrote that in business, the most difficult choices are never between right and wrong. Those are the easiest ones (unless your name is Garth Drabinsky and an obvious ...

From DEREK DECLOET, Globe and Mail,  7 Aug 2009

Related Topics: Andrew Hall,  FORTUNE Magazine,  Citigroup,  George W. Bush,  Manulife Financial Corp

Common sense says this rally can't last

When the book is closed on this Great Recession – and it's about to slam shut – it will matter little that this has been the longest the United States has seen in the postwar era, and also the most severe. What will linger is not that trivia, but the ...

From DEREK DECLOET, Globe and Mail,  31 Jul 2009

Related Topics: Dow Jones,  Air Canada,  Intel,  NASA,  Boeing

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