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Good news report from Canada

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25 February 2009

10 February was the 10th day of the eighth month of the 3rd year of Canadian national consciousness rising to invincibility.

10 February 2009

Dr William Overall, National Director of the Global Country of World Peace in Canada, presented highlights of news reports reflecting Canada's rising invincibility from Yogic Flying groups across Canada and the large Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

Extensive scientific research has documented the Maharishi Effect of rising coherence, harmony, and peace created in the collective consciousness of a nation by large groups of Yogic Flyers. The effect has been found to extend beyond national borders when the group is of sufficient size.

Following are press reports featured in Dr Overall's presentation:

The Financial Post - Carney sticks to forecast of robust growth in 2010 (10 February 2009) Bank of Canada governor Mark Carney said Tuesday before the House of Commons finance committees that he was sticking with his original economic growth forecast of an overall 1.2% contraction this year (that includes a gain of 3.5% in the fourth quarter) but followed by a robust 3.8% gain in 2010 (the fastest pace in two decades). 'We don't do optimism at the bank, we don't do pessimism, we do realism. We don't do spin,' Mr Carney said in a response to a question from Liberal finance critic, John McCallum, on why the central bank was going out on such an 'optimistic limb'. Meanwhile, economists at the University of Toronto's Rotman School of Management issued its forecast Monday of a 1.3% contraction this year but meagre growth beginning in the third quarter, building toward output of 3.7% in 2010—in line with the central bank's outlook. 'We do not feel that we are being Pollyannas in this view,' the Rotman economists said. 'If economic history teaches us anything, it is that economies do recover. And economies can recover very quickly if monetary and fiscal policy is accommodative.' Mr McCallum later said he hopes Mr Carney is right. 'I think with the University of Toronto coming on side, that is a positive.' The bank governor said the effects of monetary policy, and various fiscal stimuli, will be 'felt increasingly' over the course of this year and next.

From other Financial Post reports on this: Mr Carney spoke confidently of the central bank's economic outlook, which expects a deep economic decline this quarter before the economy roars back to life late in 2009. Michael Gregory, senior economist at BMO Capital Markets, said Mr Carney's testimony revealed the central bank's computer models indicated growth would be much stronger, but that was pared back for the official forecast. 'To me, Carney is saying they have done a lot, and the conditions are ripe for the economy to take off once financial markets globally right themselves a little bit,' he said.

From a Globe and Mail report on this: Mr Carney said Canada has many things going for it, allowing a quicker recovery here. He pointed to Canada's hefty interest rate cuts, the well-functioning banking system, the depreciation of the loonie* (an export advantage), fiscal stimulus, a recovery in emerging markets that lifts commodity prices, and solid balance sheets among Canadian households and businesses. Many major countries are working together to cut rates and increase government spending in order to save the global economy, and the accumulative effect of such stimulus could well be considerable, he said. (* The loonie is the popular name for the Canadian dollar.)

The Globe and Mail on Newsweek praises Canada (10 February 2009) Canada may seem 'sometimes boring', but Newsweek sees it as a poster country for economic virtue. In this week's magazine, Fareed Zakaria, who is Newsweek International editor, writes: 'Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial and mortgage sectors? Yup, it's Canada.' He goes on to assert from his vantage point that 'Canada has done more than survive this financial crisis. The country is positively thriving in it.' Mr Zakaria says 'the genius of the Canadians' is 'common sense', pointing to Canada's failure to embrace financial deregulation when everyone else was doing it. The result: 'Canadian banks are well capitalized and poised to take advantage of opportunities that American and European banks cannot seize.' He also lauds the absence of non-recourse home loans and, as a result, a much smaller drop in residential prices here. 'Canada has been remarkably responsible over the past decade or so,' Mr Zakaria writes, citing 12 years of budget surpluses, a much cheaper health care system, a revamped pension plan, and a policy for attracting skilled immigrants. 'If President Obama is looking for smart government, there is much he, and all of us, could learn from our quiet—okay, sometimes boring—neighbour to the north.'

Newsweek - Worthwhile Canadian initiative (16 February 2009 issue) Canada has had 12 years of budget surpluses, and can now spend money to fuel a recovery from a strong position. The government has restructured the national pension system, placing it on a firm fiscal footing. American car companies have moved so many jobs to Canada to take advantage of lower health-care costs that since 2004, Ontario and not Michigan has been North America's largest car-producing region. Canada has no limit on the number of skilled migrants who can move to the country. They can apply on their own for a Canadian Skilled Worker Visa, which allows them to become perfectly legal 'permanent residents' in Canada—no need for a sponsoring employer, or even a job. Meanwhile, in the councils of the financial world, Canada is pushing for new rules for financial institutions that would reflect its approach. This strikes me as, well, a worthwhile Canadian initiative.

The Toronto Star - Ontario job hunters welcome out west (10 February 2009) Go west, Ontarians. That's the clarion call from Saskatchewan Premier Brad Wall, whose booming province has a massive surplus of unfilled jobs. Wall is directing people seeking employment to the saskjobs.ca website, which as of late Monday had 5,430 jobs that need to be filled across the prairie province. These include hundreds of jobs in construction, agriculture, management, finance and administration, health care, science, education, the arts, sales, and even manufacturing. 'We've always been a great place to be, but there's opportunity to go along with it,' Wall told the Toronto Star. 'it's a great quality of life. It's not just a great place to make a living, it's a great place to make a life.'

The Regina Leader-Post - Demand in 'green' job sector rising (10 February 2009) Engineers, geologists, public relations specialists, computer scientists, and biologists have something in common—they will all be in high demand in the 'green' sector this year, according to ECO Canada, a national environmental careers organization out of Calgary. ECO Canada's 2008 employment labour survey found that 71 per cent of green firms said they plan to expand their businesses in the next two years. ECO Canada also said that the professional, scientific, and technical positions will continue to be most in demand in the environmental field, and they anticipate growth of 4.3 per cent in those green jobs by 2010, compared to the national average increase of 2.3 per cent.

CTV News on Canadians increasingly utilizing energy and water saving technologies (10 February 2009) More and more Canadians are incorporating eco-friendly technology in their homes, Statistics Canada said in its 2007 household and the environment survey. The report finds that water-saving devices such as low-flow plumbing and energy-saving lightbulbs are becoming much more common. In 2007, 62 per cent of Canadian households said they had a water-saving shower head in their home. One year earlier, only 54 per cent reported owning such a device. (Low-flow showerheads use up to 70 per cent less water and can save about 15 per cent on the cost of heating the water.) Municipal and provincial rebates on the purchase of such devices have likely contributed to the increase, as well as a growing awareness among Canadians about the need to reduce energy consumption and carbon footprint—for environmental as well as economic reasons. The study also shows a rise in the number of households using programmable thermostats, which automatically reduce the temperature at times when no one is home. In 2007, 42 per cent of Canadian households used such devices.

From a Canwest News Service report on this: Nearly one-third of Canadian households (30 per cent) say they always use recycled or reusable bags when grocery shopping.

The Canadian Press on McGuinty won't allow green energy projects to be blocked (10 February 2009) The 'not in my backyard' (NIMBY) syndrome that has created roadblocks for energy projects will no longer be tolerated by the Ontario government, Premier Dalton McGuinty stated as he pitched his proposed Green Energy Act. McGuinty told the London Chamber of Commerce on Tuesday that the legislation will include provisions to stop special interest groups or municipal governments from trying to block green energy projects for anything other than safety or environmental concerns. 'We're going to find a way through this new legislation to make it perfectly clear that NIMBYism will no longer prevail when it comes to putting up wind turbines, solar panels and bio-fuel plants,' he told the business audience. 'We need those jobs. We need clean electricity, and we need to assume our full responsibility in the face of climate change.' McGuinty said he's convinced Ontario residents want the green jobs in their communities. 'Our new law will uphold rigorous safety and environmental standards, but once those standards have been met, we intend to assert the greater public interest in clean, green electricity and the jobs that come with it,' he said. 'As a society, as an economy, either we're committed to clean, green jobs or we're not. I say we are, and we'll take the necessary steps to ensure we move in that direction.'

For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.

© Copyright 2009 Global Good News^®

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For information about Maharishi's seven-point programme to create a healthy, happy, prosperous society, and a peaceful world, please visit: Global Financial Capital of New York.

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