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LONDON - Last week, Hamish McRae, one of the world's best economic journalists, declared in The Independent that "Hardly anyone a year ago successfully predicted the rise in the oil price to $120 a barrel -in fact, I have not found a single forecast of that."
All shoppers at supermarkets certainly must notice the sharp rise in food prices.
By now, we have all become familiar with some of the economic problems in the U.S. caused by subprime mortgages, and even in Canada, we have had banks write down losses as a result.
LONDON - If I were the Chinese bureaucrat responsible for guarding the sacred Olympic Flame, the place I'd worry about most is Australia.
A dramatic departure from the strictly positive course of the late 1990s and 2000s has been the key reversal in cultural trends.
As oil prices soar, there is the temptation to seek an explanation in Middle East turmoil.
The Council of Yukon First Nations (CYFN), which speaks for the majority of Yukon first nations on this issue, wishes to respond to the incorrect and misleading comments made by Premier Dennis Fentie and Health Minister Brad Cathers regarding the Children's Act revision process.
DAWSON CITY - Every so often, someone who happens to be in authority makes a move which causes you to wonder what on Earth they were thinking when they did it.
There is something fundamentally wrong when a small group of business owners can stifle a municipality's plans to transform a cowpatch of a road into something reflecting 21st-century engineering finesse.
You do not have to be playing the stock or futures markets to realize that oil prices have gone through the roof lately.
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