Thursday, September 8, 2011

RCI Cyberjournal

Edition 7 September 2011
Canadian International Financial Sports Weather


Canadian Prime Minister Stephen Harper says his country's intelligence services remain most concerned about "Islamicism," a decade after the Sept. 11 terrorist attacks in the U.S. Mr. Harper also says his government may re-introduce clauses of the Anti-terrorism Act that expired in 2007. The comments came in for criticism by the head of the official opposition party. The New Democratic Party's interim leader, Nycole Turmel, accuses the prime minister of dividing Canadians by singling out "Islamicism" as being a particular threat. Miss Turmel says Mr. Harper is stoking the politics of fear. She also says the expired anti-terrorism measures are unnecessary and would only further polarize Canadians.


A plane crash in Russia has killed a Canadian hockey coach and almost all of the members of his team. Forty-three people, including 52-year-old Brad McCrimmon and members of his Lokomotiv team, died in the crash at Yaroslavl, 240 kilometres northeast of Moscow. It's one of the worst plane crashes ever involving a sports team. The plane was flying to Minsk, Belarus, for the first game of its season in the Kontinental Hockey League. The Lokomotiv roster included players and coaches from 10 nations. The cause of the crash of the Yak-42 aircraft immediately after takeoff is unknown. The 52-year-old Mr. McCrimmon has been an assistant coach for the Detroit Red Wings and played for five National Hockey League teams.


The Bank of Canada is keeping short-term interest rates unchanged at one percent. It has been at that level for 12 months. The announcement appears to be a signal to markets that the bank will maintain borrowing costs at historic low levels for the near future because of the worsening global and domestic economies.


A former Member of Parliament and cabinet minister for Canada's Liberal Party, Sheila Copps, is seeking the presidency of the federal party. Miss Copps wants the post to rebuild the party which lost many seats in the May 2 federal election and finished in third place for the first time in its history. Miss Copps also says that she will not campaign to be a Member of Parliament. She says she disagrees with former Liberal Prime Minister Jean Chrétien's suggestion that it is only a matter of time before the Liberals merge with the New Democratic Party. She says the party should instead unite internally so it can return to being a strong centrist option.


Fewer Canadians than ever are smoking tobacco. Statistics Canada says 17 per cent of the population now smokes, down from 25 per cent when the federal agency first investigated the prevalence of smoking 12 years ago. StatsCan's survey also notes that smoking rates have declined greatly among adolescents aged between 15 and 17. Users in that age group fell to nine per cent, the lowest recorded rate ever. Federal Health Minister Leona Aglukkaq calls the results of the survey encouraging.


The Dalai Lama says that all religions have followers who suffer from destructive tendencies. Tibet's spiritual leader says a key to promoting religious harmony after the 9/11 attacks is to stop criticizing religions based on the actions of a few misguided followers. He added that those who criticize Islam due to a few "mischievous" Muslims would logically be forced to criticize all religions. He was speaking at a one-day conference in Montreal aimed at examining how religions can foster peace in the past 9/11 world.


A government-commissioned survey indicates that more than one-half of taxpayers are ready to cheat the taxman. The poll by the Canada Revenue Agency indicates that only 49 per cent aren't likely to cheat. The others are prepared to cut corners, generally by paying cash for goods and services. Thirteen per cent of respondents are flagrant tax outlaws. However, the survey also shows that even likely cheaters are reluctant to turn in fraudulent tax returns.



The U.S. says Niger is holding 20 to 25 Libyans who arrived in that country on Tuesday in a convoy of vehicles. The state department says none of them seem to be on a list of persons subject to UN sanctions. The department also says reports on Tuesday that there were 200 cars in the convoy were exaggerated and that the Libyans in custody don't include fallen dictator Moammar Gadhafi. It also says the U.S. has been in touch with Niger, Mauritania, Chad and Burkina Faso to stress the importance of respecting UN resolutions concerning Libya.


Syrian forces killed at least seven people Wednesday in an attack on the city of Homs. The security operation in Homs came after 2,000 people took to the streets of the central city for anti-regime protests. There were also demonstrations in several other parts of the country. The security operations came hours after Syria requested the postponement of a planned visit by Arab League chief Nabil al-Arabi in which he had been due to present a reform initiative of which Syrian officials have been strongly critical. The initiative includes proposals to end the crackdown on dissent and push Syria to launch reforms.


Pakistan's Taliban group claims its suicide bombers carried out an attack Wednesday that killed 20 people in the city of Quetta to avenge the capture of an

al-Qaeda leader. The attack targeted and wounded a general of a paramilitary unit involved in the recent capture of Younis al-Mauritani and two other

al-Qaeda operatives in Quetta. The United States welcomed Pakistan's capture of al-Mauritani as an example of counter-terrorism co-operation with Pakistan.


China's Premier Wen Jiabao has accused land developers of destroying traditional heritage and leaving the nation with a culture of *false modernization. Mr. Wen made the comment to a symposium in Beijing to discuss the safeguarding of China's cultural traditions. Analysts say that disputes over forced land requisitions have become China's major social problem, as officials and developers seek to profit from a property boom, sometimes forcing people out of their homes without proper compensation. Since China embarked on economic reforms 30 years ago, many buildings and houses in China have been forcibly demolished to make way for apartment blocks, office buildings and roads. In Beijing parts of the centuries old district of so-called hutongs have also been destroyed as part of a drive to modernize.



A report by the World Economic Forum says Canada has slipped out of the top 10 countries in terms of competitiveness. The report ranks Canada in 12th place, after the UK and Hong Kong. Switzerland ranks first. The report also says several emerging economies are closing the gap between traditional rich and poor countries, as competitiveness among advanced economies has stagnated over the past seven years. The Conference Board of Canada reacted to the assessment by noting that Canadian businesses continue to underperform in generating new or improved products and services.


Jailed news media baron Conrad Black has launched a lawsuit against a former business associate. The Chicago Sun-Times newspaper says Black has sued David Radler. According to the newspaper, Black accuses Radler of having hurt the value of Black's stake in Horizon Publications Inc., a U.S.-based chain of small newspapers, by illegally adding shareholders and debt. For years, the two ran the Hollinger newspaper group, which both were later judged to have defrauded. Radler was the chief prosecution witness against Black at his fraud trial in 2007. Radler pleaded guilty to a single count of mail fraud, receiving a sentence of 29 months and a fine of $250,000. Black returned to jail this week after having been free on bail.


The board of directors of Ottawa-based patent firm Mosaid Technologies has rejected a hostile takeover bid by a second patent firm also based in the Canadian capital. Mosaid CEO John Lindgren says the $480-million hostile bid by Wi-LAN didn't even reflect the company worth before it acquired 2,000 more wireless patents last week that can be licensed globally. Mosaid bought a third patent firm that had the rights to 2,000 patents originally filed by wireless giant Nokia. Mosaid now owns about 5,400 patents.


TSX on Wednesday: 12,715 + 196. Dollar: US$1.01. Euro: $1.38. Oil: $89.22 + $3.20.




Penguins captain Sidney Crosby is making progress in

his recovery from a concussion but doctors said there is no timeline

for his return to action.

Dr. Michael Collins said Crosby's recovery is coming along but is

not there yet.

Training camp opens Sept. 16 and Pittsburgh plays its first

regular-season game Oct. 6. Doctors said they don't know whether

Crosby will be ready for the opener.

Crosby said it's been a "tough road" but he feels good mentally

and has never considered retirement. He took part in his normal

off-season workout program but his headaches returned when he got to

90 per cent exertion in his workouts.


A head injury found on late boxer Arturo

Gatti shows that he didn't commit suicide in 2009.

That's the conclusion of a forensic expert hired by Gatti's

former manager. The results of a 10-month investigation are being

presented at a northern New Jersey boxing gym on Wednesday.

Forensic expert Brent Turvey says a significant laceration on the

back of Gatti's head shows that he was the victim of an assault

before his death.

Gatti, a popular former junior welterweight champion, was found

dead in an apartment he had rented with his family on the Brazilian



The Canadian men's basketball team kept its slim chances of qualifying for the London Games alive Wednesday with a 70-68 victory over Uruguay at the FIBA Olympic Americas qualifying tournament.

Andy Rautins hit a three-pointer in the final minute to put Canada ahead to stay. Levon Kendall, who led Canada with 19 points, came through with a clutch block with about seven seconds left to help preserve the win.

Canada needs to beat Panama on Thursday and get some help from other teams to have a shot of reaching a second-chance Olympic qualifier next summer



British Columbia on Thursday: sun, high C26 Vancouver. Yukon, Nunavut: rain. Northwest Territories: mix sun cloud. Whitehorse 13, Yellowknife 15, Iqaluit 6. Prairies: sun. Edmonton, Regina 31, Winnipeg 30. Ontario: rain south, mix sun cloud north. Quebec: mix sun cloud. Toronto, Ottawa 22, Montreal 21. Atlantic Canada: rain. Fredericton 21, Halifax 19, Charlottetown 18, St. John's 16.

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