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Friday February 6, 2009

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Ted Talks

Adam Grosser: A new vision for refrigeration



Adam Grosser talks about a project to build a refrigerator that works without electricity -- to bring the vital tool to villages and clinics worldwide. Tweaking some old technology, he's come up with a system that works.

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Moving On

Research In Motion Executives Fined C$9 Million
By Joe Schneider and Hugo Miller

Waterloo - Bloomberg - Research In Motion Ltd. executives James Balsillie, Mike Lazaridis and Dennis Kavelman must pay a combined C$9 million ($7.3 million) in fines and legal costs and repay the company an additional C$68 million to settle charges they benefited from improperly priced stock options.

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Manufacturing Financing

COM DEV Announces $20 Million Bought Deal Financing

CAMBRIDGE - COM DEV International Ltd. has entered into an agreement with a syndicate of underwriters led by Genuity Capital Markets and including GMP Securities L.P. and Paradigm Capital Inc. Under the agreement, the syndicate has agreed to purchase 6,780,000 common shares from the Company at a price of $2.95 per common share, representing an aggregate amount of issue of $20,001,000.


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Appointment

Kitchener-Waterloo Real Estate Board Appoints Tania Benninger as Communications & Government Relations Manager

Waterloo Region - The Board of Directors of the Kitchener-Waterloo Real Estate Board (KWREB) is pleased to announce that Tania Benninger has accepted the position of Communications & Government Relations Manager and will officially start on Monday, February 9th.

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Waste & Inefficiency

Feds hand out billions with little control over where it's spent: auditor

OTTAWA — The federal governments hands billions of dollars to the provinces and territories for various programs, but lacks any way to ensure the money is actually spent on those programs, the auditor general reported Thursday.

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Town & Gown

Waterloo Campus will be 'more a part of the city'
by University of Waterloo Daily Bulletin

Waterloo - University Avenue past the main entrance to the UW campus will be “a much more urban street” in the years to come, planner Joe Berridge told the UW board of governors on Tuesday as he spoke about the new campus master plan.

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Energy

Ontario to invest in smart electricity grid

Proposal would better accommodate renewable power

TORONTO - Ontario is planning to modernize its electricity transmission system to make it more reliable and more able to accommodate renewable power, Premier Dalton McGuinty said February 5, 2009.

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Who'da Thunk It

A share of Bank of America won't buy you a Big Mac

Below $4 » Goldman market value now twice that of biggest U.S. bank
By Christine Harper

A share in Bank of America Corp., the biggest U.S. bank with more than $1.8 trillion in assets and 243,000 employees, can't buy a Big Mac meal.

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Provincial

Restaurant and bar owners unfairly targeted by government

FREDERICTON - The province is imposing millions of dollars in new costs on bar and restaurant owners, and clawing back an important revenue stream, even though many bars and restaurants are struggling to survive during the economic downturn.

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Acquisition

Descartes Acquires Oceanwide Logistics Business

Acquisition Adds More Than 700 Members to the Descartes Global Logistics Network and Extends Descartes' Customs Compliance Solutions

WATERLOO - Descartes Systems Group has acquired the logistics business of privately-held Oceanwide Inc. in an all-cash transaction.

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Global Economy

Statement by WTO, IMF, OECD, WBank, ILO, Germany

BERLIN - Reuters - The heads of the OECD, the World Trade Organisation, the International Labour Organisation, the International Monetary Fund and the World Bank and German Chancellor Angela Merkel issued the following joint statement on the global economic situation after a meeting in Berlin on Thursday:

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Acquisition

Safety-Kleen Acquires Atlantic Industrial Services

Acquisition Targets Used Oil Collections Capabilities in Southeast U.S.

PLANO, Texas -- Safety-Kleen Systems, Inc., has acquired the assets of Atlantic Industrial Services, Inc. (AISI), headquartered in Fort Lauderdale, FL, one of the largest collectors and recyclers of used oil, oil filters and antifreeze in the Southeast. The acquisition includes 10 Atlantic locations, more than 100 experienced personnel and a fleet of approximately 150 vehicles.

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Education

World's biggest snake gives climate clues

Skeletal remains from an enormous snake that would dwarf Hollywood's anacondas have been discovered near the equator, shedding new light on the climate and environment that housed the monstrous reptile 60 million years ago....
By April Kemick

Toronto - Skeletal remains from an enormous snake that would dwarf Hollywood's anacondas have been discovered near the equator, shedding new light on the climate and environment that housed the monstrous reptile 60 million years ago.


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Negotiations

Weakened economy leads to labour peace in 2009

OTTAWA - Labour peace will reign in the overwhelming majority of negotiations in Canada this year, given the weakness characterizing both labour and management in bargaining, according to the Conference Board's Industrial Relations Outlook 2009: Managing Expectations in Uncertain Times.

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Food Philanthropy

February Potato Blitz Underway

KITCHENER WATERLOO – Spuddy is back! House of Friendship’s February Potato Blitz mascot will be out and about at three Blitz events this month in support of House of Friendship’s annual drive to collect potatoes and donations for emergency food assistance.

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Culture & Art

WATERLOO REGION EMERGING AS LEADING CENTRE FOR CONTEMPORARY ART
by Victoria Lord

Biennial arts festivals poised to attract record numbers in 2009!

Waterloo Region – As the world braces for a year fraught with economic uncertainty and an inevitable shift in how we live our lives, one Ontario community is taking bold steps to protect its cultural heartbeat.

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Human Rights

NGOs Question UN Agency's Whitewashing of China's Abuses

San Diego - The Conscience Foundation and China Aid Association today jointly issued an open letter to the United Nations Secretary-General Ban Ki-moon, High Commissioner for Human Rights Navanethem Pillay, and member states of the United Nations Human Rights Council (UNHRC), revealing that a summary report from the Office of the High Commissioner for Human Rights (OHCHR) had whitewashed China's human rights abuses.

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Financial

RETIREMENT PLANS... THEY ARE A-CHANGIN'

Recession Prompts Financial Executives To Rethink Retirement, Survey Shows

TORONTO - Executives may be spending more of their golden years on the job than on the golf course, a new study suggests. In fact, almost half (45 per cent) of chief financial officers (CFOs) surveyed recently stated that they are delaying or reconsidering their retirement plans. The large majority (93 per cent) who intend to extend their working years attribute the change in plans to the economy.

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MEDIA

Canwest announces strategic review of five conventional television stations

WINNIPEG - Canwest Global Communications Corp ("Canwest" or the "Company") announced today that it is exploring strategic options for five of its conventional television stations, CJNT-TV in Montreal, CHCH-TV in Hamilton, CHCA-TV in Red Deer, CHBC-TV in Kelowna and CHEK-TV in Victoria.

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Health Care

Ontario Increases Dialysis Services in York Region

Government Approves New Satellite Dialysis Unit

TORONTO - Residents in York Region living with chronic kidney disease will have better access to dialysis services because of a new satellite unit in the Vaughan community.

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Education

New book examines impact of legalized gambling in Canada

TORONTO - In the face of the current economic crisis, it’s increasingly important to consider the social costs of legalized gambling, according to a York University professor whose new book delves into the issue.

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Weekend

Rogers Freezestyle Weekend at Chicopee

Kitchener - Chicopee proudly presents the Rogers Freezestyle Weekend Friday February 6th – Sunday February 8th in the Karbon Terrain Park. The Rogers Freezestyle Weekend a three day event showcasing both team and individual freestyle events.

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Branding Launch

Public Mobile Declares Communication Is Not a Luxury, Demonstrates New Affordable Handset Technology

BMV Holdings is now Public Mobile and Has Everyone Talking

TORONTO - With a focus on providing Ontario and Quebec with affordable flat-rate wireless phone services, low-cost wireless carrier BMV Holdings announced it will begin operating under the Public Mobile brand and have launched the company website at publicmobile.ca.


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Education Recognition

Eyles, Bontis receive Canada's highest teaching award
by Jane Christmas

Hamilton - Carolyn Eyles started a wiki with her students to create an inventory of Canadian glaciers; Nick Bontis moves around the classroom like an inspirational speaker. Both professors bring an uncommon sense of passion to their teaching, and today have been recognized with a prestigious 3M Teaching Fellowship.

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Education Recognition

Queen’s Biology professor wins prestigious 3M Fellowship

Kingston - Queen's Biology professor John Smol, considered the world's leading paleolimnologist, has been awarded a prestigious 3M National Teaching Fellowship.

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Education & Economy

McMaster economic update

Hamilton - Over the last six months the changes in the world economy have been dramatic and Canada and Canadian universities have been wrestling with the impact of the financial downturns and what these changes mean to university budgets and forecasts.

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Guest Column

Reduce Office Clutter: Your Three-Step Plan to Increased Productivity, Efficiency and Profitability
By Pat Heydlauff

Research shows there is a direct correlation between productivity and clutter. Productivity and profits decline when clutter and chaos rise. Do piles of paper, disorganization and information mismanagement take over your workplace while efficiency and effectiveness vanish right before your eyes?


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Survey

Canadian: majority of CEOs ‘somewhat’ confident for revenue growth in future

People issues are huge factor in growth projections

Toronto — Reflecting typical Canadian humbleness, the annual PricewaterhouseCoopers (PwC) Global CEO survey has found that the majority of Canadian CEOs (59%) are ‘somewhat confident’ for revenue growth in the next year and 63% over the next three years. This compares to the global percentages of 49% and 51% respectively.

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Human Resources

WANTED Estimates Decline of 660,000 Jobs in Upcoming January '09 BLS Employment Report

WANTED’s Hiring Demand Indicators Are Part of Model to Measure Pace of Economic Slowdown and Rate of Recovery

QUEBEC CITY, Quebec - WANTED Technologies, the leading source of insight and analysis based on hiring demand, released its estimate of the upcoming BLS Employment figures for January 2009. Using hiring demand data gathered on a weekly basis from online job boards, WANTED is forecasting the continued decline in seasonally adjusted U.S. non-farm employment, with a projected month-over-month loss in January 2009 of 660,000 jobs.

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Energy Comment

Smart Grid Cars Feeding Back to the Grid

The battery in the new breed of electric car can both give and receive, taking a charge and then, through the same electrical cord, sending some of its stored energy back to a hungry electricity grid, as needed.

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Building Permits

Municipalities issued $4.6 billion in building permits in December 2008.

Statscan - Building permits were down 3.9% from November 2008. This third consecutive monthly decline was the result of decreases in both the residential and non-residential sectors.

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Ranking First

Manulife Financial ranks first on universal life statements with industry's only "excellent" rating: DALBAR survey

WATERLOO - Manulife Financial is the leader in providing Canadians with statements to help them understand their universal life insurance plans, according to an industry survey by DALBAR Inc. Manulife Financial's universal life statement was the only one designated as "excellent" in a cross-country review of five industry statements that explain Canadians' universal life insurance policies.


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Valentines Day

TREAT YOUR VALENTINE TO THE MOST ROMANTIC CONCERT OF THE SEASON

KITCHENER – Valentine’s Day is upon us and what better way to celebrate than with some of the world’s most romantic music.


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