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Front Page News
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City urged to pursue lost millions |
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Written by Gerald Gauthier, Lethbridge Herald
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Thursday, 28 January 2010 |
The City of Lethbridge may yet be able to recover the millions it has lost so far from its investment in toxic asset-backed commercial paper, says an independent financial analyst.
Although the city has no legal recourse through the courts in Canada or the United States, the city should be entitled to recover its losses from the $75 million in penalties National Bank was ordered to pay late last year for its role in the 2007 ABCP meltdown, said Diane Urquhart, a Missisauga, Ont.-based analyst who has closely monitored the national ABCP crisis for more than two years.
“I would like to see Lethbridge make an application to get some of those dollars,” Urquhart told The Herald Thursday prior to a speaking engagement in Lethbridge at the the Southern Alberta Council on Public Affairs.
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1992 murder case to proceed |
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Written by Lethbridge Herald
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Wednesday, 27 January 2010 |
A man accused of a murder in the Crowsnest Pass 18 years ago will finally be arraigned in Lethbridge next month.
The case against Michael Desmarais was scheduled for preliminary hearing Feb. 16-19 in Fort Macleod, but during a court appearance in Lethbridge Wednesday, the accused waived the hearing, and he will be arraigned Feb. 8 in Lethbridge Court of Queen’s Bench.
Desmarais was charged with the murder of Gordon Mills of Edmonton, who began sightseeing in the Rocky Mountains in early July 1992. He was expected to return home four or five days later, but he was last seen at a gas station in Banff before his body was found almost two months later near Leitch Colleries, east of the Crowsnest Pass. An autopsy revealed he had been shot.
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School division not negligent |
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Written by Delon Shurtz, Lethbridge Herald
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Tuesday, 26 January 2010 |
he Holy Spirit Catholic School Division is not liable for an assault against one of its students more than two years ago, a provincial court judge ruled Tuesday in Lethbridge.
Judge Timothy Hironaka said he couldn’t determine Catholic Central High School was negligent in Sept. 2006 when Quinn Perverseff was attacked and brutally assaulted by another student. He added, however, school staff acted insensitively and even unreasonably, by not offering Perverseff assistance after the assault, and instead suspended him from school for fighting.
During a civil trial in October, Perverseff and his lawyer Richard Low contended policy was not followed after Perverseff told a teacher he was being threatened in class and feared for his safety. Moments after class was over, Perverseff was assaulted right outside the main doors of the school. He was struck several times in the head and suffered a broken jaw and lacerations to his face. Several teeth were also knocked in.
Low said the teacher, Karen Goble, should have at least notified the principal's office when Perverseff told her during class he was being harassed and threatened by another student. He also told court the school should have had staff supervising the front of the school — where fights occasionally occur — in addition to regular supervision behind the school where students meet school buses.
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Tough budgetary medicine required, says federation |
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Written by Sherri Gallant Lethbridge Herald
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Monday, 25 January 2010 |
If the Alberta government had listened to the Canadian Taxpayers Federation in 2007, it wouldn’t be facing the wall of deficit blocking its forward path today.
“Remarkably, two years ago we said that even if oil and gas prices stay sky high, they’re going to be running a deficit this year, this past year,” said Scott Hennig, the CTF’s Alberta director, Monday.
“Certainly we never suggested it was going to be four, five, or seven billion dollars. We suggested it would just be a deficit, probably a one billion dollar deficit, but that was with oil and gas staying high. That’s the scary part about all this. Even if oil goes back up to $100 a barrel, they’re still going to be running a deficit.
“We’re beyond the point of oil and gas revenues bailing us out, unless something crazy happens like a tornado wiping out all the oil and gas refineries all along the east coast in the U.S. — barring anything crazy happening like that, those revenues are not going to be able to bail us out.”
The CTF made a 2010-11 pre-budget submission to Alberta Finance Minister Ted Morton Monday afternoon, in it calling on the provincial government to take serious action now.
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Recovery project |
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Written by Caroline Zentner
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Sunday, 24 January 2010 |
Rebuilding Haiti will be a long-term project and the earthquake occurred just when the world’s finances are beginning to come out of economic recession.
Despite the economic times, people are responding by donating to relief efforts, just as they did after the 2004 Boxing Day tsunami.
“Every little bit helps,” said Trevor Page, who was stationed in Haiti in the 1970s when he was a director with the United Nations World Food Program. “Because governments are cash-strapped the public needs to lead the way.”
After being stationed there, Page also visited Haiti on a number of occasions during the 1980s when he was director of Emergency Humanitarian Assistance with the UN.
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