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Tuesday April 28, 2009
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Ted Talks

Alex Tabarrok: How ideas trump economic crises -- a surprising lesson from 1929



The "dismal science" truly shines in this optimistic talk, as economist Alex Tabarrok argues free trade and globalization are shaping our once-divided world into a community of idea-sharing more healthy, happy and prosperous than anyone's predictions.

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Commercial Development

WATERLOO-BASED ACTIVA GROUP ANNOUNCES MAJOR REDEVELOPMENT PROJECT

WATERLOO – Waterloo-based Activa Group – commercial, residential property developers – announced plans to transform the 11-acre, former LA-Z-BOY site at 55 Columbia Street in Waterloo into a modern commercial property. The site is slated for occupancy in spring 2010.

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Letter to the Editor

Intel Corporation, U.C. Santa Cruz, Santa Clara University winners in U.S. EPA’s Green Power Partnership

Billions of kilowatts of renewable resource power purchased

SAN FRANCISCO – By purchasing more than 1 billion kilowatt-hours of green power annually - enough green power to meet 47 percent of the organization's purchased electricity use - Santa Clara, Calif.-based Intel Corporation has been honored as a Top 50 Purchaser by the U.S. Environmental Protection Agency’s Green Power Partnership program.

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Education

Ontario college pilot project, first of its kind in Canada, shows increased support services result in 6.4 per cent increase in student retention

Foundations for Success interim impacts report to be released today at the Queen's Park Media Gallery at 9:30 a.m.

TORONTO- Research from the Foundations for Success (FFS) project, underway at Seneca, Confederation and Mohawk Colleges in Ontario, has found that directed advisement to student support services, in combination with financial incentives, has led to a 6.4 per cent increase in student retention.

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Appointment

COM DEV Announces Appointment of Terry Reidel as Chairman of the Board of Directors

CAMBRIDGE - COM DEV International Ltd., announced that Terry Reidel has been appointed Chairman of the Board of Directors to replace Keith Ainsworth. Mr. Reidel, who was appointed as a director in 2007, recently served as Vice-Chairman of the Company. Peter Scovell, who has been a director since 2001, has been appointed Vice-Chairman.

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2009 Auto Restructuring

GM Accelerates its Reinvention as a Leaner, More Viable Company

Updated Viability Plan Speeds, Deepens Restructuring of U.S. Operations

DETROIT - Yesterday General Motors presented an updated Viability Plan that will speed the reinvention of GM's U.S. operations into a leaner, more customer-focused, and more cost-competitive automaker.

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Technology

Tech@Work: Student Technical Project Showcase

Comprehensive, senior-level projects display a wide range of skills and applications

Kitchener - What you know is important, but how you use it is everything. Senior-level Conestoga College students from more than a dozen programs will demonstrate and explain their comprehensive projects in a trade show/information fair setting on Tuesday, April 28 at Conestoga’s Doon campus in Kitchener.

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Venture Capital

CVCA WELCOMES NEW QUEBEC FUND OF FUNDS

TORONTO - Canada’s Venture Capital and Private Equity Association welcomed the arrival of a significant new fund of funds that was put together by the Government of Québec, the Caisse de Dépôt and the Fonds de Solidarité.

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Skills Canada

Ontario Technological Skills Competition

Waterloo - The 20th Ontario Technological Skills Competition is Skills Canada – Ontario’s cornerstone event, attracting over 1, 600 competitors and 30, 000 visitors from across the province.

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R&D

Understanding the Genome to Develop Agricultural Pest Control

London – A team from The University of Western Ontario is one of two groups of Ontario researchers awarded nearly $8 million in funding for environmental genomic research from the Ontario Genomics Institute. The other is from the University of Toronto.

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2008

Provincial and territorial economic accounts for 2008

Nationally, GDP rose 0.5% in 2008 following a 2.7% increase in 2007.

Statscan - Real gross domestic product (GDP) grew in five provinces led by Saskatchewan with growth of 4.4%. GDP in Yukon and Nunavut also advanced. Declining export demand contributed to lower GDP in Newfoundland and Labrador, Ontario, Alberta, British Columbia and Northwest Territories.

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Energy

EPA Unveils Top 50 U.S. Green Power Purchasers

Washington, D.C. – EPA released a list of the nation’s top green power purchasers. The list is led by Intel Corporation, PepsiCo, Kohl’s Department Stores, Dell Inc., Whole Foods Market, The Pepsi Bottling Group, Inc., Johnson & Johnson, U.S. Air Force, Cisco Systems, Inc. and the City of Houston. The nation’s top 50 purchasers are buying more than 11 billion kilowatt-hours (kWh) of green power annually, equivalent to the carbon dioxide emissions (CO2) that would be produced from the electricity use of more than 1.1 million average American homes.

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Student Conference

UW hosts Think About Math conference to boost girls' interest in mathematics

WATERLOO - The University of Waterloo will host the inaugural Think About Math conference this week to boost girls' interest in mathematics and increase the number of women pursuing math-related careers.

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Research & Development

Laurier researchers continue to enjoy funding success

Waterloo - Laurier faculty members have had another good year in obtaining funding for their research.

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Taxes

Tracking down non-filers

OTTAWA - The Canada Revenue Agency (CRA) cautions taxpayers that they must meet their tax obligations or face the consequences.

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Mining

Aboriginal communities to play critical role as Canada's minerals and metals industry faces daunting shortfall in trained workers

Toronto - One of Canada’s most productive industrial sectors faces a serious skills shortage in the next decade according the Mining Industry Human Resources Council (MiHR), an independent, industry-driven organization, which today launched an awareness campaign to educate Canada’s Aboriginal communities and the mining industry how to work together to find a mutually beneficial solution.

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Human Resources

Hiring Demand May Be Bottoming Out

Demand for Employees Appears to Be Stabilizing, Although Still at Very Weak Levels

New York, NY - WANTED Technologies, the leading source of insight and analysis based on hiring demand, is forecasting that the Bureau of Labor Statistics (BLS) will announce a loss of 627,000 jobs in its upcoming report on US non-farm payrolls for April 2009.

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Aquisition

CoolIT Systems Acquires Delphi Liquid Cooling Assets

Acquisition Solidifies CoolIT’s Position as the World Leader in Advanced Computer Cooling

Calgary – CoolIT Systems has announced the acquisition of Delphi Thermal Liquid Cooling assets including intellectual property, machinery, and equipment. The Delphi acquisition will provide CoolIT the additional mass market production resources to better accommodate the rapidly growing global industry demand for liquid cooled computers.

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New Corporate Sponsor

Waterloo Region Small Business Centre partners with Execulink Telecom

Kitchener – The Waterloo Region Small Business Centre (WRSBC) is pleased to announce that Execulink Telecom—a leader in telecommunications services—has been added to its team of corporate sponsors. This partnership will support local small business owners and will enhance the services offered to WRSBC clients at the Kitchener, Waterloo, and Cambridge City Hall locations.

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R&D

Major research award promotes diverse communities across Ontario

London - Hoping to generate population renewal, boost economies, fill labour needs, and slow population decline, researchers and community leaders across Ontario are gearing up to conduct policy- and practice-related research on how best to promote welcoming and sustainable communities in small- and medium-sized cities and towns across the province.

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Drugs

Ontario Takes Legal Action Against Pharmacies, Generic Drug Companies And Wholesalers

Audit Uncovers "Drug Purchasing" Scheme

TORONTO - Ontario is taking legal action against a number of pharmacies, generic drug manufacturers and wholesalers after the discovery of their involvement in a scheme where drug products were being sold several times.

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Middle East

WORLD ECONOMIC FORUM ON MIDDLE EAST DRAWS OVER 1,200 LEADERS TO JORDAN IN MAY

* Over 1,200 business, political and civil society leaders from 79 countries will participate in the World Economic Forum on the Middle East 2009

Geneva, Switzerland – The 2009 World Economic Forum on the Middle East will convene over 1,200 business, government and civil society leaders in Jordan from 15 to 17 May. Held under the patronage of His Majesty King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan, discussions will focus on the theme “Implications of the Global Economic Crisis for the Middle East: Home-grown Strategies for Success”.


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Privacy

Canadians concerned corporate cost cutting could affect their privacy: poll

OTTAWA - Canadians are worried their privacy rights could suffer because of corporate cost-cutting during the economic downturn, a new poll for the Office of the Privacy Commissioner of Canada has found.

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Keynote

Former Canadian ambassador to Afghanistan to speak at Arthur Kroeger Awards gala

Ottawa – Christopher Alexander, former Canadian ambassador to Afghanistan and Deputy Special Representative of the UN Secretary General for Afghanistan, will be the keynote speaker at the 9th annual Arthur Kroeger College Awards dinner, to be held at the Fairmont Château Laurier on May 7.

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MEDIA

Nokia cuts jobs, to take on Apple
By Tarmo Virki, European technology correspondent

MONACO (Reuters) - Nokia Oyj (NOK1V.HE) will cut up to 360 jobs at Internet services unit as it combines offerings into its new Ovi Store, the world's top cell phone maker said on Tuesday.

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Pending Health Concern

World Bank Gives Mexico More Than $200 Million In Loans To Help With Swine Flu Outbreak.

Mexico - "World Bank said Sunday that it is providing Mexico with more than $200 million in loans to help it deal with an outbreak of a new strain of swine flu.... World Bank President Robert Zoellick said he mobilized the bank's staff two days ago, when he first heard about the outbreak. He said the bank...could help Mexico cut through procurement bureaucracy and respond more quickly to the crisis...." [Associated Press (4/26)/Factiva]

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Economic Development

Canadians Will Reap the Benefit of New Toronto Transit Project, CAW Says

TORONTO - CAW President Ken Lewenza applauded the Toronto Transit Commission's decision earlier today to award a $1.2 billion rail transit contract to Canadian manufacturer Bombardier - a move Lewenza expects will translate into hundreds of new jobs at the company's Thunder Bay rail car facility and many more in supplier and spin-off industries.

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Communication

Conestoga College Graduate Wins IABC Award!

WATERLOO the International Association of Business Communicators (IABC) Grand Valley Chapter awarded Conestoga College graduate Jessica Voin the inaugural 2009 IABC Grand Valley Student Award.

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Intent to Revoke

The Canada Revenue Agency Revokes the Charitable Status of Universal Aide Society

OTTAWA - The Canada Revenue Agency (CRA) has revoked the registered charity status of the British Columbia-based Universal Aide Society. This revocation is effective April 25, 2009, and follows a notice of intent to revoke to the Society dated May 6, 2008.

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Western Strike

Container Truck Drivers May Strike, Could Cause Gridlock at Port

VANCOUVER - Approximately 140 owner operators at Port-Team Transport and Pacific Trucking voted on Sunday April 26th to go on strike if necessary after talks aimed at settling a collective agreement that expired in December broke off.

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Taxes

Canadian Families Paying More in Taxes Than They Do for Food, Clothing, and Shelter Combined

VANCOUVER - The average Canadian family spends nearly half its total income on taxes, more than it spends on food, clothing, and shelter, according to a new study from independent research organization the Fraser Institute.






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