Here are the headlines from today's Web edition of the Globe & Mail:
Factory sales drop for third month in row.
U.S. consumer prices plunge by record 1.7%.
Goldman Sachs posts first loss since going public.
Net worth of Canadians is eroding.
[Canadian prime minister] Harper: 'I've never seen such uncertainty.
They sound worrisome, but not nearly as worrisome as this headline:
It's is worrisome when a semi-monopolistic telephone company plans to increase its profits by 10% during these times when consumer spending is dropping by as much as 20% a year (annualized).
(Telus is a near monopoly for ADSL and local phone service in BC and Alberta, but has to compete vigorously in the long distance and cell phone markets.)