In wildly swinging the axe as a solution to corporate woe, the downsizers are felling many trees -- but missing the forest.
The people of France did something unheard of in Canada: They went on strike. Not one isolated sector but three million citizens strong. They are backed by three-quarters of the French population.
Obama's decision to tax the well-to-do is no doubt creating nervousness among Canada's financial elite.
All this financial doom and gloom puts in context the personal investing culture that has dominated our pension planning for a quarter of a century.
Economic life is likely to get worse in Canada, and elsewhere before it gets better. The hidden question is what does better mean?
As the U.S. downturn goes global, the rest of the world looks to the U.S. for clues as to what to expect next.
It's the meltdown of the market economy, not anti-market intrusions by governments, that is behind the meltdown of world trade.
In the United States, shoppers are coming to terms with a new reality at the grocery store.
With unemployment rising, along with the cost of living, trade unions in France are planning a second one-day general strike for March 19.
As cities around the world are rocked with protests, it's clear governments that respond to economic crisis with the discredited free-market agenda will not survive.