It isnt every day that a Bay Street equity research department strays into the political minefield, so it is worth noting that GMP Securities has done just that regarding the Federal governments decision to cancel, for the second time in less than two years, a large defence procurement. The tender in question was the 20 year Contracted Airborne Training Services , which has previously been said to be worth up to $1 billion of revenue to the winning bidder. The current incumbent is Top Aces, one of our Fund II portfolio companies, which was acquired by TSX-listed Discovery Air in August 2007 .

According to a GMP note published yesterday, the firm believes that this decision [to delay] was largely political, which is quite the statement given the accolades that the government recently received for going out of its way to avoid politics when it came to the award of $35 billion of shipbuilding contracts to yards in B.C.

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It is going to be important to learn how to get your credit score back up to where lenders will find you responsible and willing to lend you money when you need it. This does not mean however that you are going to begin getting back into debt so that you can end up filing bankrupt again.

You will have to learn how to manage your money and become money smart when it comes to spending money. Just because someone sends you a credit card application does not mean that you should accept it. Learning how to say “no” to credit card offers is going to be very important.

It should not matter what you can afford to make payments to every month; the truth is that you do not want to begin accruing a bunch of debt so that you begin living off of very little money. Avoid having to send the creditors all your money again.

You want to monitor your credit score and begin learning how to rebuild your credit. This will not only be important to you so that you can begin establishing a good name. You

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CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS

The firm maintains the FTSE Renaissance Global IPO Index Series, which tracks the activity and performance of the worldwide IPO market. Renaissance Capital also offers research, valuation and analytical aids to institutional investors to assess upcoming IPOs and the IPO market.

FTSE Group and Renaissance Capital have expanded the index series to include IPOs listed in 53 new country and regional indexes. This will enable investors to capture the performance of newly issued equities worldwide. The indexes include IPOs at the end of their first trading day and follow them for about two years until they become seasoned equities.

“The expansion of capital markets globally and the evolution of significant companies in emerging markets necessitate a global approach to IPO investing,” says Kathleen Shelton Smith, founder and principal of Renaissance Capital.

Through the end of September, $114 billion of IPOs had priced year to date, a decline of 8% from the same period a year earlier. The Full article…

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Credit checks are an inevitable part of moving forward economically. You must purchase a car, own or rent a home, and put down deposits on utilities. Any time you want to borrow someone else’s money or use their services, they’ll probably do a credit check on you. What do they look for on a credit check?

The Good and the Bad

The “good” on your credit report will shine forth. This is the list of payments you have made on time and credit card payoffs you’ve made. By the same token, the “bad” is just as obvious. These are the hot checks you may have written and an obvious history of late payments. There is also, however, a large area in between which will have a big impact on your credit rating and on the landlord, bank, or employer running the credit check.

Too Many Inquiries

You can check your own credit rating all you want to . But, if your

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