Tag: money

Breaking News News Politics

Greece To Get New €130B Bailout

Greece was in trouble because it took on too much debt.

But other countries have agreed to help Greece by lending the country more than 130-billion euros. Euros (€) are the units of money used in 17 countries in Europe including Greece, France and Germany.

The countries that have agreed to bail Greece out of its money problems are demanding something in return. They are insisting that the government of Greece spend less.

A Uganda Little League Baseball team.
Kids News Sports

Canadian Little Leaguers Travel To Uganda

In the African country of Uganda, there are two million orphans. Nearly half of the children have lost their parents from AIDS, a terrible and widespread disease.

Many children are very poor. Many live in slums.

However, some children in Uganda have found something great that helps them in their lives: playing baseball.

Uganda’s Little League team is very good. So good, in fact, that last year they beat the team that had held the regional championship for 11 years, Saudi Arabia.

It was the first time that an African team had won the regional tournament.

News Politics

The Euro’s Tenth Birthday Not A Happy One

This year, the “euro” celebrates its tenth anniversary.

The euro is a unit of money (or “currency”) that is used by 17 countries in Europe.

It wasn’t always that way.

Before the euro, every country had its own currency.

For instance, France had the franc, Italy had the lira, Germany had the Deutschmark and so on.

The euro was created in 2002 when a group of European politicians and financial leaders decided it would be helpful if they had the same type of money.

The idea of the euro was to make it easier for countries to buy and sell more easily between themselves, because they would all be using the same currency.

Entertainment News

G’bye 2011, Hello 2012 (Year In Review, Part I)

There were many fascinating news stories in 2011.

Today and tomorrow TKN takes a look at some of the most significant news stories from the past year.

Protests and dissent

The year 2011 may be known as the year of “dissent” – the year people protested. In a number of Arab countries — including Tunisia, Egypt, Bahrain, Syria and Libya — people took to the streets to protest against their governments and many leaders were ousted.

It was known as the Arab Spring.

There were other protests closer to home. In North America and many other places around the world, young people rose up to protest the growing difference between the rich (the one per cent) and the rest (the 99 per cent).

News Sports

Maple Leafs, Raptors, and TFC Sold

Some of Toronto’s most popular sports teams including the Maple Leafs, Raptors, and Toronto Football Club have new owners.

They have been bought for more than $1-billion by Rogers Communications and Bell Canada, two Canadian companies that sell phones and TV and internet services. Bell and Rogers also own the country’s two main sports-only channels, TSN and Sportsnet.

News Politics

Harper And Obama Agree On A New Border Plan

Canada and the United States are working together to make it easier for people to travel across their common border.

This week, U.S. President Barack Obama and Canada’s Prime Minister, Stephen Harper, agreed to a “cross-border plan” to make it easier and quicker for Canadians to travel to the U.S. It will also help companies in both countries to do business together.

Harper has agreed to a “common perimeter”–a type of border all around North America–so more careful checking can be done on who and what comes across the borders from Canada. Canada has also agreed to get more information about people when they come into Canada from other countries and to put in American-style bomb detection machines for checking luggage.

News Politics

Gap Between Rich-Poor Growing: OECD

Canada’s rich people are getting richer and the country’s poor people are getting poorer.

That’s because the gap — or distance — between the amount of money the richest and poorest people earn at their jobs is widening.

The richest Canadians earn 10 times more than the poorest.

That means if the average rich person earns about $100,000 a year, the poorest earns only about $10,000 for a whole year.

A new report by an international organization called the OECD* said the same thing has been happening in many countries including the United States.

It has been happening since the 1990s, before the new millennium.

Science Technology

New $100 Canadian Bill Has A Window

The Bank of Canada introduced a new $100 bill recently – and it has a window in it.

It’s Canada’s first “polymer” (a type of flexible plastic) bill.

The new $100 bill features a picture of Sir Robert Borden, who was the Prime Minister from 1911 and 1920.

The back of the bill celebrates innovation in medical research, including the Canadian discovery of insulin, which is used to treat diabetes.

Breaking News News

Occupy Toronto Staying Put – For Now

On Monday, the “Occupy Wall Street” protesters at Zuccotti Park in New York were evicted.

“Evicted” means made to leave. Anyone who didn’t leave the park was forcibly removed by the police.

The people in the park had been there for months. It was a peaceful protest against what they see as the gross differences in wealth between the “one per cent” of very wealthy people and everyone else (the “ninety-nine per cent”).

Zuccotti Park is owned by a company called Brookfield Properties. Brookfield had allowed the protesters to camp there since September.

Now that the protesters are gone, Brookfield is cleaning up the park. Brookfield said in a letter to New York’s mayor the park had become “unhealthy and unsafe.”

News Politics

What’s Happening In Europe?

A number of countries in Europe are having problems with their finances and their leaders.

This year, four prime ministers in Europe have quit their jobs or been forced out of office.

That’s because their countries have spent more money than they make and now they can’t pay their debts.

Some of the countries are making deals with other countries in Europe and the International Monetary Fund for a “bailout.”

A bailout is a loan to a country to keep it from going bankrupt.

The richer countries agree to put in more money to save the poorer countries.