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Secretary Paulson Remarks on Consumer ABS Lending Facility
Today the Treasury and the Federal Reserve are announcing a facility to finance the issuance of non-mortgage asset-backed paper in order to support lending to consumers and small businesses that is vital to our economy.

SUSAN TOMPOR: $800B for credit not a sure bet
We're really going to have to wait and see how well this works. And we're going to have to get more details and insight, something lacking on Tuesday. Do we have a credit freeze? Yes. Will these new blowtorches melt the ice? We'll see.

BMO Financial Group Reports Fourth Quarter Net Income of $560 Million
For the fourth quarter ended October 31, 2008, BMO Financial Group reported a 24% year-over-year increase in net income, earning $560 million. Earnings per share were $1.06, up $0.19 or 22%.

World News In Brief

All Blacks' coach hails 'intriguing' World Cup draw
New Zealand coach Graham Henry said the prospect of the All Blacks facing Kiwi heartbreakers France in the opening match of the 2011 Rugby World Cup was "intriguing".

Rugby World Cup draw may not be kind to Canada whatever happens
The shortest road to the 2011 Rugby World Cup could end up being the most painful for Canada.

It?s Still Making the World Go ?Round
Niall Ferguson?s latest book, ?The Ascent of Money: A Financial History of the World,? went to press in May 2008, but it shrewdly anticipates many aspects of the current financial crisis.

World markets slump on economic gloom
World stocks slumped Monday, giving up about half of last week's gains after a raft of weak economic data from the U.S., Europe and elsewhere renewed fears that the global economy is in the midst of a prolonged economic downturn.

World AIDS Day 2008: Much accomplished, much to do
When we commemorated the first World AIDS Day on December 1, 1988, we had little to celebrate.

Governments tackle HIV stigma on World AIDS Day
Governments across the globe pledged Monday to step up the fight against HIV, promising to bankroll treatment programmes on the 20th annual World AIDS Day.

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