News Update: Interest rates slashed in extraordinary move to ease crisis

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Wednesday, October 8, 2008

TOP STORIES

Major central banks slash rates in extraordinary move to ease crisis

Coordinated action comes as markets tumble in Asia, Europe. Bank of Canada cuts by 50 basis points. Stock futures jump after announcement.

Analysis: Can Harper turn it around?

The Tory Leader's challenge is to convince Canadians he understands their needs in a time of economic turmoil.

Economy debate is money in bank for Obama

To the extent that talking about the economy benefits Democrats over Republicans, the debate rebounded to Obama's advantage

 


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Report on Business

Britain bolsters banks

Stocks in Canada, the United States and much of the rest of the world spiral downward

'The grease that keeps the engine going'

You know things have become very strange in the financial world when U.S. Federal Reserve Board chairman Ben Bernanke is forced to borrow from the playbook of Arthur Burns

Lucky or prescient? Chrétien takes credit for stronger banks

Amid the worst financial crisis in a generation, Canadian banking system has emerged as the most stable and best performing in the world

U.K. bank turmoil threatens BCE deal

Bailout won't get RBS 'off the hook'

RIM launches touch-screen smartphone

BlackBerry Storm's keyboard actually clicks as users type

National

RCMP sought out 'critiques' of Insite, group says

Police force confirms it was ‘involved in some type of research into supervised injection sites' but offered no other details

Oil sands will pollute Great Lakes, report warns

Massive refinery expansions for processing crude threaten to wipe out clean-up progress around world's largest body of fresh water

Parents of slain Chinese girl slam Canada for inaction

Ottawa has refused all requests to co-operate with Chinese investigators

Mentally disabled man sues Toronto police after bedroom tasering

Lawyer says George Lochner was hit with taser at least five times

Ontario to make it easier to say 'sorry'

Legislation would prevent use of apology in lawsuit

World

Russian military pulls back in western Georgia

Russian troops on Wednesday started pulling back from checkpoints in a buffer zone outside Georgia's breakaway South Ossetia region, a Russian military spokesman said

Why it's so hard to negotiate with the Taliban

Militants deny talks have taken place to keep fighters motivated and reject the government's conditions for coming to the table

Hamas threatens deeper split if Abbas doesn't call election

Gaza rulers pledge to pick their own leader

Harvard gets largest ever donation from an individual: $125-million

Money from engineer and entrepreneur to fund bioengineering institute

Life

The stray cat who won us over

Every night he appeared at our door begging for food. Guilty as we felt, we couldn't afford another cat

Financing frosh in a time of fear

As markets melt and investors panic, parents are worried their RESPs won't deliver the goods. Tralee Pearce reports on coping strategies

Rug rats become gym rats

New research suggests that weightlifting is safe for kids

Exotic pets pose health risks

Reptiles, monkeys, rodents and other exotic pets are soaring in popularity, but shouldn't be welcomed in homes with babies, toddlers or people with immune-system problems, says report

Health

Study warns of the darker side of tanning

New research by the Canadian Cancer Society indicates that the industry is failing to protect clients from potential risks

Plastics ingredient linked to smaller penises

Exposure of expectant mothers to phthalates linked to smaller penis size and incomplete descent of testicles in their baby boys

Obesity linked to prostate cancer deaths

Rising insulin levels from excess weight are to blame, new study suggests

Science

Three honoured with physics Nobel

Two Japanese, one American earn recognition for discoveries in subatomic 'broken symmetry'

Robot suit helps people walk

Mobility problems can be overcome with rental of HAL – a device that reads brain signals to help move limbs

Solar cells with a twist

Researchers develop silicon-based flexible device transparent enough to be used to tint windows

Future looks bleak for many species

Humans pose biggest threat to other mammals; 1,139 species – one in four – face possible extinction, study found

Technology

Will Apple's suit against B.C. school bear fruit?

Company threatens to fight for symbol

EBay cuts 1,000 jobs, to buy Bill Me Later

Company expects restructuring charges of about $70-million to $80-million as a result of the cuts, and buy Bill Me Later and two other sites

The coming of the digital revolution

In February, U.S. broadcasters will shut off their analog signals. What does that mean if you have cable or satellite? Nothing. But if you have an antenna and you still want U.S. channels, things get more complicated

Sports

15 Questions

Eric Duhatschek ponders some interesting issues before the NHL season begins in earnest

Weir has designs on second career

Golfer intends to get into course design, sooner rather than later

Boston's homegrown difference

When it comes to drafting and developing and building from within, the Red Sox have been at least as good as the Rays

Raptors open on winning note

O'Neal makes presence felt in exhibition opener against Cavaliers; James sees limited action

Arts

'The next generation' of writers is nominated

Sophomore novelists and rookies have taken all five positions as finalists for this year's Scotiabank Giller Prize

Vancouver's Tim Lee takes Sobey Art Award

One of Canada's most internationally acclaimed rising stars nabs $50,000 prize

How to lose friends (and land a movie deal)

British journalist Toby Young knows a thing or two about alienating people. In fact, you could say he's built a career on it

China to air Bruce Lee biography

Kung fu movie star – ignored in China while he was alive – to be marked with 50-part series

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