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cannuck

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cannuck last won the day on March 1

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  1. Came across this at NYT today: Since 1980, the incomes of the very rich have grown faster than the economy. The upper middle class has kept pace with the economy, while the middle class and poor have fallen behind. sorry the graph doesn't scale, but this is not the actual values, but the amount of INCREASE. The top lie is the 0.01%, the second the 1% the dark line in the middle with a second line following is the top 10% of after tax earners and the GDP of the USA. Those below are the "middle class" income and the bottom line is "lower class" income. not sure if you can read this link without subscription: https://www.nytimes.com/2019/02/24/opinion/income-inequality-upper-middle-class.html?campaign_id=9&emc=edit_nn_20200710&instance_id=20197&nl=the-morning&regi_id=100982531&segment_id=33074&te=1&user_id=2a3e757b2285568cc6aee5465e9acea4 What would be far more interesting to me is not this comparative rate of growth, but a clear depection of the ACTUAL dollars involved. By some logic, the top line would be something like three orders of magnitude greater in difference - clearly pointing out just how poorly the North American (assume safely that Canada would look very much like the US in this respect) economy distributes wealth. What never fails to amaze me is that everyone can clearly see these values, but NOBODY seems to understand what drives it: speculative gain. This is what crashed the economy of the world in 1929 and SHOULD have corrected once more in 2008, but those with the power to steer the economic ship simply declared themselves "too big to fail" and went right along wildly disproportionally redistributing wealth without the bother of having to create any wealth in the process.
  2. Except of course it is not Tin Lizzie's tit, it yours and mine.
  3. If the mods could merge this thread with Army Guy's it would be easier . This is just further evidence that great minds think alike and those who don't think at all vote Liberal,
  4. how about that, we both hit on this withing the same minute. Too bad the media will sweep this under the carpet as quickly and quietly as they can.
  5. https://nationalpost.com/news/politics/we-charity-boss-said-pmo-called-to-award-900m-student-grant-program-day-after-it-was-announced What can I say. The Little Tur....er...uh...TRUdeau continues to be a global embarrassment to Canada. I blame this 100% on the ignorance and greed of the 905 and maritimes. Nobody with a half a clue could have voted for this person in the first place, and you REALLY had to be out to lunch to do it a second time...but they did.
  6. Since the vast majority of US "universities" are actually athletic teams with a handful of academics fronting for them to appear to be in the "learning" business, I am afraid I don't really take anything they do or say very seriously. SInce outside of a few MDs Harvard pumps out the petitfogging ambulance chasers and MBAs who CAUSE 99% of our economic problems, I take anything they say with a HUGE grain (make that a large sack) of salt.
  7. I am near Saskatoon, and we have a small but strong Chinese community in SK. My best friend from my time in China came over three years ago so his son can be raised here instead of Beijing...leaving the top post in a very large state-owned engineering firm to be able to live in a place where kids can be kids, he can do as he pleases and where he is comfortable and feels welcome. He hooked me up with a Chinese firm that advertises Canadian real estate, and our condo will soon be listed in both HKSAR and mainland. Yes, most go to Vancouver and Toronto, but not everyone wants to be there and not everyone in China can afford the million + bill for sanctuary in those cities, vs. a million RMB in SK. Trump declaring war on China could be one of the best opportunities for Canadians to do business with Chinese companies, since if one plays their cards right, we can afford them entry into the US market through the "back door".
  8. Can you Hogtowners send some of those foreign investors out our way? I have had a condo for sale for 2 years now, price dropped 15%. Our brilliant developers kept on building when the boom went bust and we are so oversupplied you can't give real estate away - ESPECIALLY condos.
  9. There are tens of thousands of new immigrants in Canada in an environment where they are not wanted and can't be taken care of properly. So, by your standards, it is just fine to murder them? Ahhh, wait a minute: I forgot how the double standards of the looney left works: you only want to murder those who can't speak or fight for themselves. The right to life is only reserved for those who will likely vote left.
  10. I agree that Gates is a Bond villain, but he IS already in your computer and in many phones, why the hell would he bother getting into your body?
  11. I've got my popcorn buttered and watching. The best is yet to come. The Looney Left Liberal Media depends upon commercial sponsors for most of their revenue, and a significant amount of that comes from...wait for it...COP SHOWS. Yea, there's dozens of 'em and the boob tube is just playing them over and over all day every day. Shit, they even want to ban Paw Patrol because there is a puppy cop character now in it. In a typical classless and midless knee jerk reaction, Christia Freeland was on my television telling me that police need to be defunded. I will invite her to live right next to a couple of reserves near North Battleford SK with all of her possessions and family and see how she likes it when 911 gets you a BLM feel good message instead of a cop.
  12. 1. The difference is: in many cases, it is a distress sale BECAUSE Chinese players had put the industry in that jam in the first place. Sometimes, that means buying up compeitiors, dropping the price and waiting to snag control - and in others it is simply because circumstances made it a good opportunity to do so. Had a friend in RSA who built coffins from Canadian hardwoods. He suffered exactly the former circumstance - as did many other industries in sub-Saharan Africa. 2. Of course, you or I will take whatever is available in crisis. No choice. 3. Again, I speak from personal experience, you seem to be arguing from an arms length perspective based on ideology, not reality. 4. Lack of standards for imports from day 1, and no enforcement of what little consumer protection exists. You are quite right that we are not strong enough (mostly due to lack of anatomical equipment) to stand up to China, so we need to count on BC and his buddies to do it for us. BTW: how do you think all of this fentanyl gets here? 5. We actually HAVE the money, but we let Bay Street speculate with it instead of putting into productive use. Doesn't really matter, because we don't seem to be prepared to actually DO any work with it anyhow. Our entrepreneurial culture is miniscule and far too risk averse.
  13. What many tell me in Africa is that the Chinese send people from prisons over to work on infrastructure and other projects, then abandon them in country when they have what they want. Again: I am not anti-Chinese. I have spent a lot of time and money there and my best friend from China is now my Canadian business partner, and we WILL use Chinese investment, but NOT government money. It is not true that private FDI is not allowed. We have many first hand examples of that. What IS true is that if you want to be a big player within China, you will do exactly what government tells you to do, when, where, how and without question. BTW: there is a heck of an interesting story how China scooped so much of the R&D and production from GM when they went bankrupt by SAIC advancing GM China enough money to become controlling interest and scooped a lot of everything else from the rest of Asia. There is a lot to be done WITH China, but you need to go in with eyes wide open and hand firmly on your wallet.
  14. I have a similar political background to yourself, but with a bit of international involvement thrown in. I can agree on the intent of most candidates and elected officials, but I can also tell you that once they get welcomed into the back rooms, the harsh reality of WHO actually runs things comes forward. Since many were something else before being Minster of something or another, few actually know diddly squat about much of anything, and their bureaucrats know that and snow them endlessly. "Yes Minister" is a lot closer to the truth than we would like to believe. I watched on of my closest friends (who's campaigns I managed) get his first cabinet appointment, sit down the the senior staff who told him "We will now show you how the department runs" - to which he replied: it has been a long campaign and I think I will send a month or so with my friends and families to recover before we have this meeting". After we left, they bureaucrats were ecstatic, proclaiming how easy it was going to be to keep the new Minister where they want him. A month later, same meeting. When they gave the same line, he said: " No, I am going to tell YOU how this department is going to run. While you have been busy scheming and plotting your next move, I have been to every office of this department in the province, and NOW we will go forward with the facts". That was a very rare Minister indeed, and when the back room guys figured out he couldn't be bought or coerced, his influence on the overall direction of that government wained - but his department ran like a well oiled machine and made national headlines for its innovative approach to problems. I have also enjoyed time with Sir Roger Douglas - one of the few living persons who managed to take an entire national economy back from the brink of collapse by using his own discipline (economist - but a recognized rogue one). From him, I learned that you can't reason a political system into reform in good times, but when things go sideways (as they are now) THAT is the time you can have everyone's ear IF you know WTF you are doing. He did (and I believe to this day does moreso than any other economist). Sadly, Ottawa has no such people in its confines today.
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