1. We had some good news about the “buy American” part of the US stimulus package. US legislation has been changed to include “a requirement that the US not violate its international trade agreements” (the web page with the article quoted has disappeared since the time of writing). It’s not clear whether this will be enough to protect Canadian exports, but it’s a step in the right direction.
2. President Obama has capped executive pay at $500,000 per year at companies that accept government money. This Wall Street Journal video explains some of the other measures designed to prevent executive excess.
3. Canadian Capitalist and I were of the same opinion about the news that a slight majority of actively-managed Canadian equity mutual funds beat the TSX composite index in the fourth quarter of 2008.
4. Preet gives a good explanation of why the average active money manager must lose out to the index.
5. Larry MacDonald brings us a scary picture of what happened to the top marginal income tax rate after the depression.
6. FrugalTrader explains how Canadians’ investments are protected by CDIC and CIPF.
7. The Big Cajun Man sees the interest rate on his line of credit increase. It makes sense that the credit crunch would lead to higher interest rates, but it’s no fun when it happens to you.