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McGuinty attacking on five fronts

In a luncheon address to the London Chamber of Commerce, McGuinty reassured the business community his government's five-point plan will help stem the tide of job losses, but it can't control the value of the Canadian dollar, price of oil and the U.S. economy, all of which have combined to hammer the manufacturing sector here.

"If I could wave a magic wand and reassure everyone in Ontario they would not lose their job, I would have done it by now," McGuinty said. "We will work as hard as we can to turn this around as quickly as we can."

Last week, Sterling truck in St. Thomas announced it will slash 720 jobs, joining 600 on layoff at the plant. That's the latest in what has been an ongoing saga of layoffs and plant closings in the area.

In the last year about 1,000 manufacturing jobs have been lost in the London region and 8,000 manufacturing jobs have been cut over five years, helping fuel the city's unemployment rate of 7.4 per cent. more

MediaG3 in China wireless partnership Silicon Valley / San Jose

San Jose-based MediaG3 (OTCBB:MDGC), a ldeveloper for broadband wireless product and interactive rich-media content delivery applications, did not disclose terms of the deal.

Beijing Digital Media is a joint venture among China SARFT, China Aerospace New World and Zhong Guang Cable and Information Technologies.

MediaG3 said the deal is for "tens of millions" of subscribers and includes services for interactive digital TV and Internet access.

"This partnership opens the door for MediaG3 in China's digital wireless and mobile application market," said MediaG3.

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Roads to avoid in the business journey

Donald R. Keough presents the opposite in �The Ten Commandments for Business Failure� (www.penguinclassics.com). Drawing on his more than sixty years of experience, much of which was as the chief of Coca-Cola, the author sombrely observes that businesses fail because of the leaders. Companies are artificial constructs, and are the product and extension of the personal characteristics of the leaders, he reasons. The first commandment in his cautionary tale is, �Quit taking risks.� As our lives get softer and richer and more comfortable, the temptation to quit taking risks is so great, Keough warns. �It�s one of the major diseases of success. It�s easy to succumb, particularly as you get older.� The second recipe for disaster is to be inflexible. Such people are so set in their ways, so sure that they have the formula for success that they simply cannot see any other way of doing things, the author explains. more

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