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Ottawa: More failures on display

April 28 2004 at 8:18 PM
noLIES  (Login steelblue)

Nortel shares plummet after firing of CEO, CFO and controller
Will restate 2003 earnings.

TORONTO -- Nortel Networks Corp. fired its CEO and other top executives Wednesday in a stunning corporate housecleaning that rocked Bay Street, stunned financial markets and wiped billions of dollars off the company's stock value.



Nice place you got there

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(Login steelblue)

Secret fund spending higher than thought

April 30 2004, 8:28 AM 

OTTAWA -- Ottawa's secret National Unity Reserve was used to fund everything from the Canadian Irish Studies Foundation to the ill-fated federal sponsorship program and ate up far more than the government's $40 million yearly estimate, documents show.

The long-awaited list of projects, released Thursday, shows an average of $65 million annually was pumped into a host of disparate projects at the discretion of the prime minister.

The reserve, whose existence was not revealed in any previous federal budget...

"It includes $1 million in 1999-2000 to Paul Martin's Finance department for communications and $2.1 million to Health Canada in 2000-01 for advertising in Ontario. There was $500,000 to the Canadian Irish Studies Foundation in 2000 and more than $1.3 million to the Canadians in Europe Association in each of the last two years."
Secret funding LMAO.

Canadian Irish Studies Foundation...

Canadians in Europe Association...

PARASITE funding for advertising in Ontario...


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