Category: economy
Other Ways to a Rich and Rewarding Career
April 10th, 2013Canadian governments and policy-makers need to take a closer look at what kind of students our education system is turning out these days. I believe stats show a preponderant number heading to universities rather than the trades. This trend probably sta… more »
Working Around the Rules!
April 8th, 2013Recently, the CBC challenged the RBC - where I have done my banking for many years - that it was secretly hiring non-Canadian workers to replace its aging Canadian staff in areas like offshore investment. Chairman Gord Nixon responded with a convuluted… more »
The Aggravations of Balancing the Books
April 1st, 2013One of my many jobs as our strata treasurer, responsible for overseeing a $140k budget, is balancing the books at the end of each month. Here are a list of problems that can crop up to make this task challenging at times:
A. bank errors either in amou… more »
What if the shoe was on the other foot?
March 30th, 2013I woke up this morning to learn that many big bank depositors in Cyprus, in light of its latest banking crisis,stand to lose upwards of 50% of their holdings as the government levies a tax on them to raise the necessary capital to receive a EU bailout.… more »
The Big Coffee Press!
March 24th, 2013A few years ago Starbucks was in crisis management mode. It was forced to lay off thousands of workers and close down hundreds of outsized store fronts across the US. It seemed like the Seattle-based pioneer in the sale of yuppy, upscale coffee had expa… more »
Economic Writing on the Wall
March 17th, 2013It looks like the European Union and the International Monetary Fund has finally reached the end of its tether when it comes to bailing out failing out countries on verge of financial collapse. Cyprus, one of its smallest membes in both GDP and physical… more »
The Real Downside of a Downturn
March 16th, 2013After reading the news item concerning former PM Kim Campbell's law suit against the builders of the condo building(Hotel Georgia), I now know why the lady, with dozens of other purchasers, is pissed off. Having to wait a whole year to move in might be… more »
Equality in Six Words!
March 12th, 2013Different folks, different strokes, different outcomes! more »
Labour Displacement - the New Reality!
February 26th, 2013Here is another problem facing the post-insustrial economy both here in Canada and the USA. Technology continues to displace workers in the job market. On NPR this morning I heard a five-minute-long talk about a construction company in Colorado that has… more »
When is an asset a liability?
February 21st, 2013According to many democratically-elected governments these days, especially the one currently in power in BC, an annual budget can treat major purchases and acquisitions such as property as assets and then hide them as debt in the ledgers of Crown Corpo… more »