twtw sun june 10 2012




CBC News: The World This Weekend show

Summary: Norway is growing rich on oil revenue from off-shore production. The government has six hundred billion dollars accumulated in an oil fund -- that's over $100,000 for each citizen. The fund is still growing and the government has decided to cut spending of oil revenue by a billion dollars a year in order to slow inflation. The country is serious about managing the wealth so there are no inadvertent negative effects --- like the ones that jolted the Netherlands' economy when oil money hit like a tsunami a decade ago. We have an in-depth report from the city Stavanger. And we visit an exhibit of contemporary Canadian art is being staged in Massachusetts -- ambitiously assembled by curator Denise Markonish. It's one of the largest ever showings of Canadian art outside of Canada.