Canada’s Trudeau Pushes Keynesian Stimulus
Ottawa — Fiscal stimulus may be what the doctor ordered for the world economy, but Prime Minister Justin Trudeau will have a tough time persuading his peers to swallow the medicine. Canada’s new Liberal government is expected to post a shortfall of about $22.5 billion in its debut budget, representing one of biggest expansionary swings in fiscal policy in the nation’s history. It’s the sort of activism increasingly touted within...
Despite Endowment, Challenges Abound
At first glance, Dartmouth-Hitchcock, a medical system with net assets of $410 million at the end of last fiscal year, seems an unlikely cavalry to be riding to the financial rescue of a medical school whose parent — Dartmouth College, please don’t call it a university — finished the year with net assets of $5.33 billion. But such simple comparisons don’t provide especially useful benchmarks to outside observers as they watch the...
Bernanke Says Prosecutions Should Have Followed Crisis
Former Federal Reserve Chairman Ben Bernanke knows Americans have not forgiven him for the Wall Street bailout that saw greed in financial company executive suites go unpunished while regular people lost their homes, jobs and nest eggs in the financial crisis of 2008. “I can understand why they are angry,” he said. He says he is frustrated that he hasn’t been able to convince more Americans that his actions were necessary to avoid a...
D-H Merger Puts Strain on Harvest Hill
Lebanon — The pending absorption of Alice Peck Day Memorial Hospital into the sprawling medical care system operated by Dartmouth-Hitchcock will leave a nonprofit owner of housing for affluent Upper Valley seniors standing on its own in an increasingly competitive marketplace. That could be challenging for Alice Peck Day Lifecare Center Inc., the financially strapped affiliate of the hospital with the same name. APD Lifecare, with an...
Keurig Says 200 Vt. Workers to Be Laid Off
Waterbury, Vt. — Keurig Green Mountain said most of the layoffs it announced this week will be in Vermont. A company spokeswoman said 200 of the 330 layoffs will be Vermont workers, mostly from Waterbury. She said the company has about 2,000 employees statewide. Officials stress that about 75 production jobs will be opening up at the Waterbury and Williston, Vt., facilities and some of the laid-off workers may find jobs there. The...
