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Worried about the effect of federal budget cuts? Don't be. Professor Brett Erlich demonstrates in this week's Viral Video Film School that even if our debt-swamped government is indeed forced to slash vital services, the Internet is teeming with "experts" eager to fill the gap. A little too eager, perhaps.
Viral Video Film School is a recurring segment on the weekly television show infoMania. In each episode of VVFS, Professor Brett Erlich teaches you valuable skills in the discipline of Viral Video making. So sit down, take notes, and try not to piss him off. For more Brett visit http://current.com/viral-video-film-school-im/ and Current TV.
infoMania is a half-hour comedy show that airs weekly on Current TV. Picture the ultimate office water-cooler, only with funnier co-workers who willingly stay up late imbibing all forms of media so you don't have to. Caveat: Bring your own water. Hosted by Brett Erlich and co-starring Sergio Cilli, Erin Gibson, Ben Hoffman and Bryan Safi, infoMania airs on Thursdays at 11/10c on Current TV.
Go to http://current.com/infomania for more, and make sure to check out our Facebook profile for special features at http://facebook.com/infomania.
Current Media, the Peabody-and Emmy Award-winning television and online network founded in 2005 by Al Gore and Joel Hyatt, engages viewers with smart, provocative and timely programming -stories that no one else is telling in ways that no one else is telling them. Current's programming shines a light where others won't dare and boldly explores important subjects -- opening minds, sparking conversations and forming deep connections with its viewers. The channel's audience is comprised of affluent, curious, social and connected adults who crave the kind of entertaining, enlightening, witty and informative programming found on Current's TV and online properties. Current is now available via cable and satellite TV in 75 million households worldwide - 60 million households in the US - through distribution partners Comcast (Channel 107); Time Warner ; DirecTV (Channel 358 nationwide); Dish Network (Channel 196 nationwide); Verizon and AT&T. In the UK and Ireland, Current is available on BSkyB (Channel 183) and Virgin Media (Channel 155), and in Italy, Current is available on Sky Italia (Channel 130). Viewers can also find Current online at www.current.com.Worried about the effect of federal budget cuts? Don't be. Professor Brett Erlich... more
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TORONTO (AP) -- Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.
World leaders have noticed: President Barack Obama says the U.S. should take note of Canada's banking system, and Britain's Treasury chief is looking to emulate the Ottawa way on cutting deficits.
The land of a thousand stereotypes -- from Mounties and ice hockey to language wars and lousy weather -- is feeling entitled to do a bit of crowing as it hosts the G-20 summit of wealthy and developing nations.
"We should be proud of the performance of our financial system during the crisis," said Finance Minister Jim Flaherty in an interview with The Associated Press.
He recalled visiting China in 2007 and hearing suggestions "that the Canadian banks were perhaps boring and too risk-adverse. And when I was there two weeks ago some of my same counterparts were saying to me, 'You have a very solid, stable banking system in Canada,' and emphasizing that. There wasn't anything about being sufficiently risk-oriented."
The banks are stable because, in part, they're more regulated. As the U.S. and Europe loosened regulations on their financial industries over the last 15 years, Canada refused to do so. The banks also aren't as leveraged as their U.S. or European peers.
There was no mortgage meltdown or subprime crisis in Canada. Banks don't package mortgages and sell them to the private market, so they need to be sure their borrowers can pay back the loans.
In Canada's concentrated banking system, five major banks dominate the market and regulators know each of the top bank executives personally.
"Our banks were just better managed and we had better regulation," says former Prime Minister Paul Martin, the man credited with killing off a massive government deficit in the 1990s when he was finance minister, leading to 12 straight years of budget surpluses.
"I was absolutely amazed at senior bankers in the United States and Europe who didn't know the extent of the problem or they didn't know that people in some far-flung division were doing these kinds of things. It's just beyond belief," he told the AP.
The Conservative Party government of Stephen Harper that took over from Martin's Liberals in 2006 broadly stuck to his predecessor's approach, though he cut taxes and, when recession struck, pumped stimulus money into the economy, with the result that Canada again has a large deficit.
But it is recovering from the recession faster than others, and although its deficit is currently at a record high, the International Monetary Fund expects Canada to be the only one of the seven major industrialized democracies to return to surplus by 2015....
More @ linkTORONTO (AP) -- Canada thinks it can teach the world a thing or two about dodging... more
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Just one of the things Conor Knighton talks about in his weekly roundup of the top stories from the crazy world of 24-hour media madness. Also includes 'The Bachelor' finale, the east coast snowstorm, Turtle Zombie Kid, a sax-playing walrus, YouTube's orchestra, Rosie O'Donnell's new role, the No Cussing Club, Twtitter magic, and Oprah's Trillion Dollar Ratio.
infoMania is a half-hour satirical news show that airs on Current TV. The show puts a comedic spin on the 24-hour chaos and information overload brought about by the constant bombardment of the media. Hosted by Conor Knighton and co-starring Brett Erlich, Sarah Haskins, Ben Hoffman, and Sergio Cilli, the show airs on Thursdays at 10 pm Eastern and Pacific Times and can be found online at current.com/infomania. And make sure to check out our facebook profile for special features at http://infomaniafacebook.com.Just one of the things Conor Knighton talks about in his weekly roundup of the top... more
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