City Manager Joe Pennachetti (inset) is recommending that the City close the Toronto Zoo and the Riverdale Zoo. He also is also telling the City to trim libraries and sell off three municipally owned theatres. His total list of cuts is thought to be long and close to the many cuts recommended by the consulting firm of KMPG. A report from City Staff will be released today detailing what is being recommended. Councillor Mike Del Grande, the city’s budget chief, said cuts are painful but necessary steps needed to bring the city’s finances in line.
Germany getting ready to sacrifice Greece
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•The worst seems to be looming for Greece. Many experts are saying that it seems clear that Germany has made up its mind that Greece will have to be cut loose in order to save Italy and Spain from a similar f ate. Edward Harrison writing in Credit Writedowns.
Guess what? Rubber pylons are taken away
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•The rubber pylons that have been decorating the east side of Bayview Ave were gathered up by a guy in an anonymous looking truck and taken away today. Hope they weren’t stolen. Probably not. But just what it means in terms of getting the sidewalks finished is as usual quite unclear. Maybe something is about to happen. Maybe not. Many people say get answers. Actually, there are no lack of answers. It’s just that none of them are any good. Stay tuned.
9-11 memorial ride roars up South Bayview
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•It was quite a sight as many hundreds of motorycles roared up South Bayview shortly after noon on Sunday to mark the ten year anniversary of the 9-11 atrocity. Here is a sampling of the vehicles, some of which display toys to mark a toy collection drive by this motorcycle group. And as you can see, it was a family event.
250 Sutherland sporting copper trim
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•Hudak campaign hits South Bayview
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•PC leader Tim Hudak hit South Bayview Saturday afternoon looking for votes. The brief visit saw a little drama in which the lady running along Manor Road to the bus (left) was sadly shut out of the bus. She was trying to see if her son, a Hudak worker, was on the vehicle. But the driver had instructions, it appears not to open the door to anyone.
Cito Gaston on the Homefront
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•Sometimes it seems as if all roads lead to Homefront at 371 Eglinton West. Here is former Blue Jays Manager Cito Gaston with Homefront’s Bonnie Kruger during a visit today. Cito is a big fellow, as you can see, and was in the neighborhood to shop at Kingsport Big and Tall Clothiers just down the street Cito managed the Toronto Blue Jays from 1989 to 1997, and again from 2008 to 2010. During this time, he managed the Blue Jays to four Division Titles (1989, 1991, 1992 and 1993), two American League Pennants (1992 and 1993) and two World Series (1992 and 1993). Photo Minerva Li
No terrorist concern is too farfetched
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•AP copy linked: More broadly, the people devoted to identifying and averting the next attack are examining everything from the obvious to the fanciful. Nothing is too outlandish to be considered. The nation, after all, learned a decade ago that what seemed farfetched one day, came out of the blue the next.
Sorry folks — this can’t wait
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•Pottery Road nearing completeion
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•As those who use it will know, the reconstruction of Pottery Road was to be finished by September 5, 2011. A visit today reveals a fair amount of work to be done on the pavement in certain sections. But the underpass widening at the Don Valley is pretty much done and the widening all the way up to Broadview seems complete. Workers were installing railings today. We’re gong to guess and say another week or ten days.
Scotiabank buys into Chinese bank
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•Canada’s Scotiabank will buy a 20 per cent stake in Bank of Guangzhou for Rmb4.65bn ($728m), swimming against the tide of foreign investors who have been reducing exposure to Chinese banks. Along with providing a vote of confidence in the Chinese banking sector, the deal underscores the relative strength of Canadian banks, which have expanded in the wake of the global financial crisis as many of their US and European peers have cut back. Financial Times