After decades of neglect, the infrastructure in the Canadian province of Quebec is in such bad condition that drivers are nervous going through tunnels and over bridges.
Toronto's Mayor Rob Ford keeps insisting that the city has plenty of "gravy" -- in the form of municipal services -- that can be cut from the budget; however, according to Jack Diamond "there is no gravy train."
Financial analysts and members of the real estate industry are worried that, if the U.S. government doesn't resolve the debt ceiling crisis soon, an already fragile housing market will be dealt a serious blow, and with it the entire U.S. economy.
Consultants hired by the City of Toronto are recommending dramatic cuts to public transit, including contracting out some routes and eliminating a late-night bus service popular with shift workers.
