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Morning Brew: May 22, 2008

Posted by Gabby / May 22, 2008

mb052208.jpgPhoto: "And that is how to explain the tax should anyone ask", by Midnight Poutine flickr pooler iammacgirl.

Your morning news roundup for Thursday, May 22, 2008:

Angry bondholders decided to take BCE, Bell Canada's parent company, to the Quebec Court of Appeal yesterday. A panel of five judges ruled that BCE had the burden to prove the privatization of the firm could not have been done without harming bondholders, but "failed to do so". The buyout will add an astonishing $32 billion to the telecom giant's debt. Earlier this morning, the BCE stock plummeted, and it is expected that the company's credit ratings will do just the same.

A Montreal woman was kidnapped earlier yesterday in the Haitian capital Port-au-Prince. Nadia Lefebvre, 32, was abducted as she was driving through the city at two in the morning. Lefebvre had left for Haiti with the agency Médecins du Monde as part of her MBA program at U of Sherbrooke. While a travel report on the federal government's website says that most abduction victims are released upon ransom, but that some disappeared or were killed.

News Bytes:

According to one of its own agents, the FBI lacks organization and qualified personnel to prevent terrorist attacks.

For all Facebook users out there, the social networking website is about to start some serious spring cleaning.

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