Search the Community
Showing results for tags 'time'.
-
The Canadian government is changing the rules on foreign ownership of airlines in Canada. They can now own up to 49% of an airline up from 25%. So it is a possibility that Porter will be bought. The other new small discount players could also be bought and give more access to Canadians. Also I saw a few days ago that Southwest Airlines is looking to fly into Canada in the future. Time will tell how things turn out. It would be nice to have a carrier similar to Ryanair operate within Canada.
-
http://www.youtube.com/watch?v=pjTs3iZ7OHI The Montreal Gazette About time. Sucks that they charge 0.40 cents per transaction though.
-
Read more at http://9to5google.com/#KtzmPqKgJf6xvBI3.99 1 Gbps with unlimited data all for $70/month Damn you Kansas City (Kansas / Missouri) Oh yah did I forget 1TB of space in Google Drive.
-
Riyadh’s new financial district Empty towers
Malek posted a topic in Projects elsewhere in the world
The Saudi capital is unlikely to become an alternative to Dubai any time soon May 11th 2013 | RIYADH |From the print edition THE glass-clad skyscrapers are reaching ever higher into Riyadh’s dusty sky. The first tenants are due to move to the King Abdullah Financial District in the Saudi capital’s north-west later this year. But they may well find it a lonely place: enthusiasm is clearly lacking for the development, which boasts 42 buildings and 900,000 square metres of office space—similar in scale to London’s Canary Wharf. Granted, new office districts often take time to come to life. Canary Wharf had to battle against sceptics for many years before becoming the success it is today. But it is unclear how Riyadh’s new district will develop into what it is meant to be: a sober Saudi alternative to Dubai’s exuberant International Financial Centre. To date just 10% of the district’s office space has been leased; tenants will include the country’s stockmarket regulator, the Capital Markets Authority, and one large local bank, Samba. A further 10% is under negotiation, according to sources close to the developers of the project. A big problem is its size. The Saudi economy may be doing well on the back of high oil prices, but not so well that its businesses could easily digest all the extra property. The new financial district has three times as much high-end office space as the rest of Riyadh. In other words, even if every company in the city’s plusher offices moved to the new district it would still be two-thirds empty. Costs are another hurdle. “It might be prestigious but why should I pay an arm and a leg to be there?” asks a local executive. Some banks, like Arab National Bank and Al Rajhi Bank, are building new towers elsewhere. Even the Saudi central bank is thought to be staying where it is. But if banks do not fill the space, then who will? Accountants, lawyers and insurance firms are not nearly numerous enough. They also remain to be convinced of the development’s merits. “There’s going to be all those towers, but for what? It looks like an overbuilt proposition,” says a Riyadh lawyer. Nor are foreign firms likely to be of much help. Riyadh may be the centre of the region’s biggest economy, boasting more people and oil revenues than anywhere else. But unlike Dubai, as a financial centre the city is inward-looking, with banks largely servicing the domestic economy. That, as well as a lack of cultural life, prevent it from becoming a regional financial hub. Yet at some point the new district may still serve its purpose. The owner has pockets deep enough to take the long view. The project was the brainchild of the Capital Markets Authority, with support from the Public Pensions Agency. One of the agency’s subsidiaries, the Rayadah Investment Company, has taken over the development, which is estimated to cost between $7 billion and $10 billion. More important, so many near-empty buildings will be a political embarrassment, in particular since the new district carries the king’s name. Authorities may yet lean on the banks to move. Optimism and market forces alone will certainly not be enough to fill all the space. From the print edition: Finance and economics http://www.economist.com/news/finance-and-economics/21577424-saudi-capital-unlikely-become-alternative-dubai-any-time-soon-empty?frsc=dg%7Cc -
Hello everyone, I have a vision to develop Montreal that would revolutionize the face of downtown and give an international touch to it. What I would like to do is to form a small group to develop a few schematics/drawings of my idea and present it to the city developers and some business people. Anybody that has the skills necessary on this forum willing to put some time in it? Let me know
-
When the Milan Expo opens next year, the centerpiece building will be a masterpiece of sustainable engineering. Designed around the idea of an urban forest, the new Palazzo Italia will generate its own electricity, and will be clad in materials specifically designed to clean the surrounding air. The designers, Nemesi & Partners, are using photocatalytic cement - basically, concrete that's been mixed with titanium oxide. When the building material comes into contact with ultraviolet light, the titanium oxide reacts with nitrogen dioxide in the air, converting the pollutant to a salt that can easily be washed away. The building will open in time for the Expo's launch next May, and we're already planning to book a trip over so that we can spend a day sniffing the air next to the building.
-
Before anyone judges me for the fact that I am only 16 years old, I'd like you guys to hear me out. I live in a suburban environment south of montreal, and I've gotten tired of letting others control the way I live my life. Ever since a young age, I have always wanted to be successful. "But how, and from what"? Those words are constantly in my head because I haven't even skimmed to opportunities in life that are there. All that I'm asking is that if anyone see's this, that you would give me some tips on how to invest in real estate, or any tips for starting off. I'm not totally sure how this would work out, but I would work for you in any way that I could if you could teach me you ways of making cash. I want to become financially independent and I can not think of a better time than now. I've been saving up my money, and I know for a fact I will become a millionaire and successful some point in life, but for when that will actually happen only the lord knows. Nothing can stop me, and from everything I've read, I need a mentor of some kind to help me through this to help me achieve greatness and become smarter with your knowledge. If you would like to help me out, or give me some valuable tips as I'm sure many of you guys have, I would greatly appreciate it. I know that many of you might be snickering at what only a 16 year old kid can do, but I have the hunger of getting knowledge and coin. thanks for taking the time to read my post I really appreciate it. ........................................................................................-------------------------------------------///////////////////////////////////////////////////////////// Bonjour à tous je m'appelle amine j'ai 16 ans et je suis tres intéraissé par le domaine des finances et l'immobilier et avec votre support je compte ameliorer mes competences dans ces domaine.Pour cette raison je suis à la recherche d'un mentor pour me coacher l'art de l'argent et de l'immobilier qui me fascinent tout simplement.je suis pres à fornire du temps et l'energie qu'il faut pour surmonter les obstacles qui m'attendent (c'est moi qui les attends en fait ).
-
https://austinonyourfeet.wordpress.com/2015/11/23/9-things-people-always-say-at-zoning-hearings-illustrated-by-cats/?utm_content=bufferc065f&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer AUSTIN ON YOUR FEET 9 THINGS PEOPLE ALWAYS SAY AT ZONING HEARINGS, ILLUSTRATED BY CATS November 23, 2015Dan Keshet If you watch enough zoning hearings, the testimony begins to sound pretty repetitive. That novel argument you’re making? The Council members have heard it a million times before. Here are 9 of the things we hear most often at zoning hearings, illustrated by cats. 1. I’M NOT OPPOSED TO ALL DEVELOPMENT. JUST THIS DEVELOPMENT. Those 1,000 times you sat on your couch to support developments far away from you surely counterbalance that one time you came out to oppose your neighbor’s development. If you’re opposed, just tell us why; don’t go on about how you’re not a person that opposes things. 2. NOBODY TALKED TO ME! The city notifies neighbors and registered civic organizations about upcoming permits. Developers seek out people they think might be affected. But it’s hard to know who is going to care and notifications are often thrown out. Don’t feel left out! If you’re at the hearing, you’re being heard. Just say what’s on your mind. 3. REALITY IS, EVERYBODY DRIVES A CAR. Usually said while proposing somebody build more parking. If you want that reality to ever change, you have to accept building less car infrastructure. 4. THESE GREEDY DEVELOPERS ONLY THINK ABOUT PROFITS Land development is a business. Like all businesses, sometimes you make money and sometimes you lose money. You just try to make sure that you make enough money on the winners to cancel out the losers. Focusing in on the fact that the developer is hoping to make money makes your testimony sound more like you oppose out of spite than a particular reason. 5. LET ME TELL YOU MY THEORY OF ECONOMICS If council members haven’t learned economics by now, they’re not going to learn it from your three minute testimony. 6.WHAT THIS NEIGHBORHOOD REALLY NEEDS IS A COFFEE SHOP, NOT MORE APARTMENTS For all the mean things people sometimes say about developers, a lot of folks seem to fashion themselves amateur land developers, with a keen eye on exactly what types of businesses will succeed or fail. As it turns out, those things coincide perfectly with the things they personally enjoy. 7. I’M 5TH GENERATION! MY GREAT GREAT GRANDFATHER MOVED HERE BEFORE THIS WAS EVEN ON THE MAP! That entitles you to one vote, just like everybody else. Now tell us what you came up here to say. 8. WE NEED TO RESPECT THE HUNDREDS OF HOURS SPENT CRAFTING THIS NEIGHBORHOOD PLAN Respecting people for volunteering time making plans doesn’t mean those plans should never change. Now tell us your reasons for or against this particular change. 9. THIS HOUSING IS TOO SMALL FOR ME! Different people have different needs and desires! Just because you don’t like a particular thing doesn’t mean nobody would like it. sent via Tapatalk -
Un astronaute américain a fait rayonner Montréal partout dans le monde ce matin. Scott Kelly a en effet publié sur Twitter une photo de Montréal prise de la Station spatiale internationale (SSI). Âgé de 54 ans, Scott Kelly est au coeur d'une mission d'un an dans la SSI. Parti le 27 mars dernier, il documente son séjour à travers une série documentaire en collaboration avec Time Magazine. http://www.journaldemontreal.com/2015/08/18/un-astronaute-publie-une-photo-de-montreal-prise-de-lespace -
http://montrealgazette.com/news/local-news/time-for-action-to-help-spur-small-business-in-city-ferrandez-says Sent from my iPhone using Tapatalk
-
http://www.thestar.com/news/canada/article/1063092--montreal-man-walks-around-the-world?bn=1
-
WOW! I used to watch Wrastlin' when I was a kid and I always liked Macho man. When your time is up, your time is up! http://www.cyberpresse.ca/sports/201105/20/01-4401488-randy-macho-man-savage-meurt-dans-un-accident.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=cyberpresse_les-plus-populaires-title_article_ECRAN1POS2 Randy «Macho Man» Savage meurt dans un accident L'ancien lutteur professionnel Randy «Macho Man» Savage est décédé aujourd'hui dans un accident d'automobile à Tampa, en Floride. La nouvelle a été rapportée par TMZ, qui en a reçu la confirmation par le frère de Randy, Lanny Poffo. Selon ce dernier, Savage, 58 ans, a subi une crise cardiaque vers 9h25 alors qu'il était au volant de sa Jeep Wrangler, dont il a perdu la maîtrise. Il a alors enjambé le terre-plein pour traverser la voie inverse et terminer sa course avec un impact frontal contre un arbre. Il a été transporté au centre médical Largo, où il a succombé à ses blessures. Sa femme Lynn, qu'il avait épousé il y a tout juste un an, était avec lui dans la voiture. Elle n'a subi que des blessures mineures. Les deux portaient leur ceinture de sécurité. L'alcool ne serait pas en cause dans l'accident, selon les services de police.
-
Download Into Eternity Info
-
(Courtesy of The Montreal Gazette)
-
CIBC on St Jacques moved into Quebecor-Videotron and now RBC on St Jacques is planning on moving into the "Stock Exchange Tower" near Square Victoria in 2012. I am quite surprised to get a letter from RBC this morning saying they were moving. It was such a wonderful location. I guess the rent was getting to high for them. Seeing in the letter, they were only occupying about 20% of the building now. Interesting thing is about the RBC building, its owned and managed by a company that operates out of Halifax, but the head guy runs a business in New York called "Time Equities Inc". The company in Halifax is called "360 St Jacques Nova Scotia Inc" or something like that. Whats more interesting is, the head office is in a building called "Bank of Montreal Tower". One of the owners/members/chairs part of "360 St Jacques Nova Scotia" is Montreal's own George Coulombe that over sees 360 St Jacques (RBC building) here in Montreal. One thing that was interesting in the letter was that RBC actually sold the building back in the 60s. Anyways I just wonder who will take up the space at CIBC and RBC now.
-
Its LIVE Took almost 6 months but its finally in Canada. Take that TomTom GPS unit. Navigation is awesome you can drive around and you get Street View at the same time. Check it out <object width="640" height="385"><param name="movie" value="http://www.youtube.com/watch?v=tGXK4jKN_jY&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_us&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/watch?v=tGXK4jKN_jY&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_us&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="385"></embed></object> One other thing. Google and Ford partnered up it seems so you can sync your Google Map info with your car Navigation system!
-
(Courtesy of Mercury News)
-
Read more: http://sports.nationalpost.com/2010/09/10/with-leafs-its-never-too-early-to-brainwash/#ixzz0zBLVTio4
-
A ADN Any day now AFAIK As far as I know AFK Away from keyboard ARE Acronym-rich environment ASAP As soon as possible A/S/L? Age/sex/location? B B4N Bye for now BAK Back at the keyboard BBIAB Be back in a bit BBL Be back later BBN Bye bye now BBS Be back soon BEG Big evil grin BF Boy friend BFN Bye for now BG Big grin BIBO Beer in, beer out BIOYIOP Blow it out your I/O port BL Belly laughing BMGWL Busting my gut with laughter BOTEC Back-of-the-envelope calculation BRB Be right back BTA But then again... BTDT Been there, done that BTW By the way BWL Bursting with laughter BWTHDIK But what the heck do I know...? C CICO Coffee in, coffee out C&G Chuckle and grin CNP Continued in next post CRB Come right back CRBT Crying real big tears CU See you CUL See you later CUL8ER See you later CYA See ya CYA Cover your *** CYO See you online D DBA Doing business as DFLA Disenchanted four-letter acronym (that is, a TLA) DL Dead link DLTBBB Don't let the bed bugs bite DIKU Do I know you? DITYID Did I tell you I'm distressed? DOM Dirty old man DOS Dozing off soon DQMOT Don't quote me on this DTRT Do the right thing DWB Don't write back E EG Evil grin EMFBI Excuse me for butting in EMSG E-mail message EOM End of message EOT End of thread (meaning: end of discussion) ETLA Extended three-letter acronym (that is, an FLA) F F2F Face to face FAQ Frequently-ask question(s) FC Fingers crossed FISH First in, still here FLA Four-letter acronym FMTYEWTK Far more than you ever wanted to know FOMCL Falling off my chair laughing FTBOMH From the bottom of my heart FUD Fear, Uncertainty, and Doubt FWIW For what it's worth FYI For your information G G Grin GA Go ahead GAL Get a life GIGO Garbage in, garbage out GD&R Grinning, ducking, and running GF Girlfriend GFN Gone for now GGP Gotta go pee GIWIST Gee, I wish I'd said that GL Good luck GMAB Give me a break GMTA Great minds think alike GOL Giggling out loud GTRM Going to read mail GTSY Glad to see you H H&K Hug and kiss HAGN Have a good night HAND Have a nice day HHIS Hanging head in shame HIG How's it going HT Hi there HTH Hope this helps HUB Head up butt I IAC In any case IAE In any event IANAL I am not a lawyer (but) IC I see IGP I gotta pee IHA I hate acronyms IHU I hear you IIRC If I recall/remember/recollect correctly ILU or ILY I love you IM Immediate message IMCO In my considered opinion IMHO In my humble opinion IMing Chatting with someone online usually while doing other things such as playing trivia or other interactive game IMNSHO In my not so humble opinion IMO In my opinion IMS I am sorry IOW In other words IPN I'm posting naked IRL In real life (that is, when not chatting) ITIGBS I think I'm going to be sick IWALU I will always love you IYSWIM If you see what I mean J J4G Just for grins JBOD Just a bunch of disks (like redundant array of independent disks, etc.) JIC Just in case JK Just kidding JMO Just my opinion JTLYK Just to let you know K KISS Keep it simple stupid KIT Keep in touch KOTC Kiss on the cheek KOTL Kiss on the lips KWIM? Know what I mean? L L8R Later L8R G8R Later gator LD Later, dude LDR Long-distance relationship LHO Laughing head off LLTA Lots and lots of thunderous applause LMSO Laughing my socks off LOL Laughing out loud LRF Little Rubber Feet (the little pads on the bottom of displays and other equipment) LSHMBH Laughing so hard my belly hurts LTM Laugh to myself LTNS Long time no see LTR Long-term relationship LULAB Love you like a brother LULAS Love you like a sister LUWAMH Love you with all my heart LY Love ya LY4E Love ya forever M MorF Male or female MOSS Member of the same sex MOTOS Member of the opposite sex MTF More to follow MUSM Miss you so much N NADT Not a darn thing NIFOC Naked in front of computer NP or N/P No problem NRN No response necessary O OIC Oh, I see OLL Online love OMG Oh my God OTF Off the floor OTOH On the other hand OTTOMH Off the top of my head P PANS Pretty awesome new stuff (as opposed to "POTS") PAW Parents are watching PCMCIA People can't master computer industry acronyms PDA Public display of affection PEBCAK Problem exists between chair and keyboard PIBKAC Problem is between keyboard and chair PITA Pain in the *** PM Private message PMFJIB Pardon me for jumping in but... POAHF Put on a happy face POOF Goodbye (leaving the room) POTS Plain old telephone service PU That stinks! Q QT Cutie R RL Real life (that is, when not chatting) ROR Raffing out roud (Engrish for "laughing out loud") ROTFL Rolling on the floor laughing ROTFLMBO Rolling on the floor laughing my butt off RPG Role-playing games RSN Real soon now RT Real time RYO Roll your own (write your own program; derived from cigarettes rolled yourself with tobacco and paper) S S^ S'up - what's up S4L Spam for life (what you may get when you become someone's customer or client) SHCOON Shoot hot coffee out of nose SETE Smiling ear to ear SF Surfer-friendly (low-graphics Web site) SHID Slaps head in disgust SO Significant other SOL Smiling out loud or sh*t out of luck SOMY Sick of me yet? SOT Short on time SOTMG Short on time must go STW Search the Web SU Shut up SUAKM Shut up and kiss me SUP What's up SWAK Sealed with a kiss SWL Screaming with laughter SYS See you soon T TA Thanks again TAFN That's all for now TANSTAAFL There ain't no such thing as a free lunch TCOY Take care of yourself TFH Thread from hell (a discussion that just won't die and is often irrelevant to the purpose of the forum or group) TGIF Thank God it's Friday THX Thanks TIA Thanks in advance (used if you post a question and are expecting a helpful reply) TILII Tell it like it is TLA Three-letter acronym TLK2UL8R Talk to you later TMI Too much information TNT Till next time TOPCA Til our paths cross again (early Celtic chat term) TOY Thinking of you TPTB The powers that be TTFN Ta-Ta for now TTT Thought that, too (when someone types in what you were about to type) TTYL Talk to you later TU Thank you TY Thank you U UAPITA You're a pain in the *** UW You're welcome V VBG Very big grin W WAYD What are you doing WB Welcome back WBS Write back soon WDALYIC Who died and left you in charge? WEG Wicked evil grin WFM Works for me WIBNI Wouldn't it be nice if WT? What/who the ? WTG Way to go! WTGP? Want to go private? WU? What's up? WUF? Where are you from? WYSIWYG What you see is what you get Y YBS You'll be sorry YMMV Your mileage may vary. YW You're welcome
-
October 13, 2009, 2:53pm WASHINGTON, October 12, 2009 (AFP) - Cash-rich US researchers have again dominated this year's Nobel awards, but it seems identifying the nationality of laureates is not an exact science, and change may be on the way. On the face of things, the United States would top an Olympic-style medals table of Nobel prize wins. Eleven of this year's 13 laureates are citizens of the United States, winning five of the six Nobel awards up for grabs. Even President Barack Obama pocketed a medal. Since the end of World War II, the United States has scooped up 89 Nobel awards for medicine, 74 for physics, 58 for chemistry and dozens more for economics, peace and literature, beating its closest contenders in Britain, France and Germany. Unsurprisingly then, the rest of the world is left to ask how the United States does it. The answer may be, in part, "It doesn't." A look at the curricula vitae of this year's Nobel science winners -- which make up four of the six awards -- shows a complex patchwork of academics criss-crossing the globe to reach the top their profession. "You have to ask where they studied," said Sharon Bertsch McGrayne, an American who has written a book profiling female Nobel laureates. "Many of our scientists have done their post-docs in Europe," she said, pointing to high migration levels among top scientists. This year's crop of laureates shows just how difficult it is to determine the nationality of globe-trotting laureates, especially based on Nobel citations which use citizenship at the time of award. Charles Kao who shared the 2009 prize for physics for his work in developing fiber optics is a US citizen, but he was born in Shanghai, educated in London and now lives in Hong Kong. Venkatraman Ramakrishnan, who shared the prize for chemistry, was born in India, works in Britain, but has US citizenship. Australian-born Elizabeth Blackburn is also a US citizen, but studied at the universities of Melbourne and Cambridge before a post doctoral degree at Yale. Willard Boyle, who won also shared the physics prize for his work on semiconductors, is Canadian and studied at Montreal's McGill University, but now has American citizenship. Obama -- despite claims by his most vociferous critics -- is among the most unquestionably American of the laureates. According to research from Britain's University of Warwick, published last January, scientific migration is common, and vastly beneficial to the United States. "Nearly half of the world's most-cited physicists work outside their country of birth," the study said. A survey of 158 of the most highly cited physicists showed systematic migration to nations with large research and development spending, most notably the United States. "At birth, 29.7 percent of physicists are in the USA. This increases to 43.4 percent at first degree, to 55.1 percent at PhD, and to 67.1 percent presently," the report said. "In 1987-2006, for example, five out of fourteen of all UK-educated laureates had moved to the USA by the time they won the Nobel prize." Still, the United States can claim to have forged the institutes and universities that attract top-flight researchers for award-winning research. According to State Department figures, every year the United States issues over 35,000 visas for exceptional scientists and others who flock to well-funded institutes. But the real key to US Nobel dominance, according to Roger Geiger, a professor of education at Pennsylvania State University, is cash -- particularly the massive influx of cash to the US education system after World War II. "We were funding research when others were not, or when others could not," he said pointing to post-war Europe's economic malaise. That advantage has stuck. Today, Harvard University's endowment alone is worth around $27 billion, roughly equal to Costa Rica's gross domestic product. Still, Harvard's nest egg has shrunk by $10 billion since the start of the fiscal year thanks to a financial crisis that Geiger says will erode American universities' attraction. "The crisis has been longer and more deeply felt in the United States, that will have an impact," he said. At the same time, European and Asian universities are increasing the type of innovative research that wins awards. "Other countries have recognized the importance of this type of competition," said Geiger who sees change already taking place. "The rest of the world is competing, the law of numbers says they will catch up. If you look at publication and citation counts, Nobel prizes are a lagging indicator." In some disciplines, the playing field has already been leveled and could provide a glimpse of the competition if other regions match US funding levels. Europeans still dominate the Fields Medal for mathematics or the Pritzker Prize for architecture, both areas which can require less research funding. An American has not won the Nobel Prize for Literature since Toni Morrison's award 16 years ago. As one Nobel judge tersely put it Americans "don't really participate in the big dialogue of literature." But in the sciences at least, Americans are not only part of the dialogue, but still have the last word, even if the word is spoken with a foreign lilt. http://www.mb.com.ph/articles/224495/us-nobel-sweep-points-brain-drain
-
http://www.ottawacitizen.com/opinion/op-ed/Economics+lefties/1633305/story.html
-
China's Arithmetic When It Comes to the Dollar “It will be helpful if Geithner can show us some arithmetic” -Yu Yongding From the lens of a global risk manager, this morning has to be one of the more fascinating that I have ever woken up to. At the same time as the US Government is setting themselves up to announce one of the largest bankruptcies in US corporate history, we have a squirrel hunting US Treasury Secretary telling the Chinese to “trust us” and America’s currency. That a boy! Providing leadership to the world’s increasingly interconnected economy is by no means an easy task, and maybe that’s why the world is voting against America holding the world’s reserve Currency Conch any longer. Timmy Geithner’s effectiveness with the Chinese translators overseas this morning is borderline laughable. There was a time when the Wizards of Wall Street’s Oz could fly overseas and make a comment like “we are committed to a strong dollar” and it would actually matter. Rather than getting on a plane and shaking hands with The Client (China) himself, President Obama opted to send the same guy that called the holder of $768B in US Debt “manipulators"... Nice! When it comes to financial market sophistication, other countries aren’t as gullible as they used to be. An internet connection and You Tube screen have effectively changed all that. On the heels of Timmy’s “reassuring” comments, the US Dollar is getting spanked again, trading down another -0.73% to lower-lows at $78.63. Rather than fading Geithner from my soapbox, now the world is – it’s sad. I understand that this is all doesn’t matter yet because someone on CNBC is hopped-up about where the US futures ramped into Friday’s close and look here on today’s open. That manic behavior really helps America’s reputation. At the end of the day, the US stock market could go up another 6% to 9% today, and it would still be amongst one of the worst performing stock markets in the world. The Dollar moving into crisis mode matters. First, all of the reflation trades pay themselves out in full. Second, all of the global political capital associated with the almighty Petro-Dollar gets redistributed. And Third, well… rather than analyzing this as the said Great Depression Part Deux… how about another Third Quarter of 2008 in US Equities? Nah, that’s crazy right? Like they say in the Canadian Junior Hockey Leagues, “crazy is as crazy does”! There are loads of unintended consequences associated with a US Dollar crashing – the only other sustainable break we’ve seen in the US Dollar Index below the $80 level since 1971 (when Nixon abandoned the gold standard), was that one that led us to that 2008 Third Quarter… After locking in another +5.3% month for May, the S&P500 is up a whopping +1.8% for the YTD. Unlike most global equity markets that are charging to higher-highs this morning, the S&P500 is still trading below its January 6th high of 934. On the heels of another strong, albeit not herculean PMI manufacturing report last night (it decelerated slightly month over month), China’s stock market charged to higher-highs, closing up another +3.4%. The Shanghai Composite Index is now +49.5% YTD, and we, as our British philosophy competitor likes to say remain “long of it.” From Hong Kong to Russia, stock markets are up +4 to +6% this morning. Why? Because, much like the only other time we saw the US Dollar break down to these levels, everything that China needs reflates. Oil prices and the promises of a potentially empowering Chinese handshake have the Russian Trading System Index (RTSI) up +83% for 2009 to-date. Now that and the price of oil trading up +19% in less than 2-weeks is getting someone paid - and it isn’t the American Consumer! As she trashes her currency, America will continue to lose political capital both domestically and abroad. After all, a -12% three-month swan dive in the US Dollar has hacked over $90 Billion of value from the Chinese position in US Treasuries. Creditors and citizenry hush yourselves! All the while, 17 out of 23 Chinese economists polled are calling holding those Treasuries a “great risk” this morning. I know, I know… an economist or a billion US Dollars ain't what it used to be… At some point, China’s interpretation of the arithmetic is going to really matter. -
Launch of a love affair Ratings for Lévesque’s TV program sometimes hit an amazing 100 per cent by Daniel Poliquin on Thursday, September 24, 2009 10:20am - 0 Comments macleans.ca By the mid-1950s, Quebecers, like most other Canadians, had fallen in love with television. So overwhelming was the coup de foudre that although in some regions near the U.S. border only American broadcasts would come in, unilingual French Quebecers lapped it up anyway. Kids could be seen in the streets of small towns re-enacting their favourite show, The Adventures of Kit Carson, speaking in a made-up mumbo-jumbo language they believed was English. That was how it sounded to them anyway. Four out of five households in the province had a television set. And when the French-speaking people of Canada were all able to view locally made, francophone productions, they became a tight-knit virtual family, discussing at length the ending of the last sitcom or drama millions of others had watched, adopting as their own actors and actresses they had grown fond of, or, conversely, expressing unanimous hate for TV villains like Séraphin, the miser in the seemingly endless Les Belles Histoires des Pays d’En-Haut, which everybody watched. For good reason, too: there was only one French-language TV station; Radio-Canada’s monopoly ensured that all, and I mean all, francophones growing up in Quebec in the 1950s and 1960s shared a single TV culture. Lévesque was a regular commentator on current events programs, but he was mainly heard on the radio—until someone at Radio-Canada had the good sense to give him his own television show in October 1957. Here begins the legend of René Lévesque. The show was called Point de mire (Focal Point) and it was a 30-minute live broadcast first airing on Sundays at 11:15 p.m., and later, due to the show’s growing popularity, on Tuesdays at 10:30 p.m. For many, it was another coup de foudre. Here was this little man with the funny voice, equipped with a blackboard, a pointer, and maps, explaining the outside world to French-speaking Canadians, talking very fast but using only intelligible words. Let me paraphrase him: “Good evening. Thank you for joining me. Tonight, we are off to the Suez. It’s in Egypt, the land of the pharaohs that became mummies, you know, the land of the pyramids and the Sphinx. Here on the map is a canal, called Suez, built by French and British engineers in the last century. You can see here that it links up the Mediterranean and the Red Sea. So a very important route for international trade, because, thanks to the canal, ships stopped having to go all around the African continent to take their goods to the Orient, or the other way around. See?” (He would circle Africa with his pointer.) “Without Suez, the cup of tea from India you just had would cost you more because it would have to travel much farther. You follow me? Now, the Egyptians no longer have pharaohs. Egypt is now a republic, led by a man they call the Raïs—which means ‘president’ in Arabic—a man by the name of Nasser. So . . .” And on he would go. For many Quebecers with little schooling, Point de mire became their first window on the world. Not everybody watched, but those who did were enthralled, especially news junkies and all those hungry for knowledge. And in Duplessis’ Quebec, there were a lot of them. Thanks to the Radio-Canada monopoly, Lévesque’s ratings sometimes reached 100 per cent: a dream for any broadcaster and now an impossible feat, even on a day such as Sept. 11, 2001. To take the helm of Point de mire, Lévesque had had to give up his comfortable job as a broadcaster, with the guaranteed income, pension, and other benefits. But he was now earning $20,000 a year—more than any cabinet minister, provincial or federal. The real payoff, however, was instant celebrity. René Lévesque was now the star journalist who could explain the school desegregation in Little Rock, Ark.; the violent decolonization of Algeria; or the partition of Berlin and Cyprus. He could not walk the streets of Quebec without being accosted by adoring fans who would stop him to shake his hand and thank him. And he was more than loved; he was respected. In the words of novelist and social commentator Jacques Godbout, Lévesque was Quebec’s “first lay teacher.” Of course, the viewers did not see the man who never read his fan mail and never returned phone calls. Undisciplined but hard-working, incessantly feasting on magazines and newspapers in his smoke-filled office or at McGill’s nearby library to prepare for his weekly rendezvous with live television. Stressed out, as we would say today, but always focused. The badly dressed and unsuspected Lothario with doubtful hygiene who ate, talked, and smoked all at once, leaving a mess behind him all the time, driving like a madman in the streets in Montreal. Famous for his all-night poker playing, his chain-smoking; fond of sleeping late and seldom on time for appointments. Never at home, never where he was supposed to be. It was as though he was living three lives at the same time. During those years that he met Pierre Trudeau. The meeting took place in the Radio-Canada cafeteria, where artists and journalists congregated between assignments to talk and reshape the world in keeping with the fantasies and ideals in vogue. Trudeau was then a law professor and sometime TV commentator known for his scathing wit and erudition. He was well travelled, one of the few men in Canada who had visited China and reported on it. His Cité Libre was one of the very rare publications that dared to criticize Duplessis and public policy. Its circulation was of confidential proportions, but it was influential within the small, thinking elite of the era. The person who introduced them was journalist Gérard Pelletier, who was a friend of both Trudeau and Lévesque. For once, as Pelletier said later, Lévesque was not running, slowed down by the overflowing cup of coffee in his one hand and the stack of newspapers under his other arm. Pelletier motioned to him to come and sit down with him and the slightly balding man with the piercing blue eyes. He had wanted the two to meet for a long time. For the occasion, Trudeau put on his best snotty-nosed behaviour, complete with the French mid-Atlantic accent he had acquired at Montreal’s Jesuit-run Brébeuf College. Lévesque played the nonchalant TV star. This is how Pelletier remembers their conversation. I’ve added what I imagine must have been their internal dialogue in square brackets. Trudeau: Ah, the famous René Lévesque! How do you do? [Your Point de mire celebrity does not impress me at all, you should know that.] You speak well, sir, very well, but tell me something: can you write, too? Lévesque: Yes, but you know, writing takes time . . . [Don’t even think for a minute I would waste a second reading your Cité Libre . . .] Trudeau: Yes, you are right. You need time, and you also need to have ideas of your own, things to say, you know . . . [Watch out, buddy, I bite too.] The two were chalk and cheese from the get-go. They would meet again. From Extraordinary Canadians: René Lévesque by Daniel Poliquin. Copyright © Daniel Poliquin, 2009. Reprinted with permission of Penguin Group (Canada).
-
Vacancy rates keep rising in third quarter for Canada's commercial real estate sector, report shows (CP) – 44 minutes ago TORONTO — The amount of empty office space across Canada continued to rise in the third quarter due to higher unemployment in white-collar industries and excess inventory in some cities, a new report shows. Vacancy rates for commercial real estate are expected to keep rising "well into 2010" as the country works through the impact of the recent recession, CB Richard Ellis Ltd. said in report released Monday. Vacancy rates rose for the third straight quarter to an average of 9.4 per cent, up from 6.3 per cent for the same time last year, said the real estate services firm. "Limited new job creation in Canada's 'white-collar' industries and the addition of new inventory in two of Canada's three largest office markets are cited as reasons for the increase," according to the National Office and Industrial Trends Third Quarter Report. Commercial vacancy rates rose most noticeably Calgary, Toronto and Vancouver, the report shows. Calgary's third quarter vacancy rate jumped to 13.1 per cent, from 4.7 per cent last year, due to the impacts of a slowdown in the oil and gas industry. "The city's oil and gas industry and commercial market remained inexorably linked, as players both large and small continue to recognize that even Calgary has not been immune to the country's new economic reality," the report states. In Toronto, the commercial vacancy rate rose to 9.1 per cent from 6.6 per cent last year. The vacancy rate in downtown Toronto is expected to climb further in the coming quarter as space becomes available in newly constructed office towers. In Vancouver, vacancy rates climbed to 8.9 per cent from 5.4 per cent for the same time last year. The report said Vancouver is one of the more stable markets in the country thanks to limited new development. Montreal's vacancy rate rose to 10.3 per cent from 8.3 per cent last year, while Halifax's rose to 10.2 per cent from 8.4 per cent. Vacancy rates also rose in the country's smaller office markets, specifically in suburban areas, but at a lesser rate, the report shows. It said cities with government office space also saw more stability in their commercial real estate markets. Ottawa had the lowest overall third quarter vacancy rate in the country of 5.8 per cent compared to five per cent for the same time last year, while Winnipeg's rate came in at 7.5 per cent up from 4.8 per cent last year. The overall vacancy rate in the Waterloo Region, home to such technology firms as Research in Motion (TSX:RIM), edged up slightly to 6.7 per cent from 6.4 per cent last year. The report predicts vacancy rates to keep rising in the fourth quarter and into 2010, "as Canada continues to grind its way out of the recession."
-
Immigrants to Quebec find job search hard Last Updated: Friday, September 4, 2009 | 4:16 PM ET CBC News Recent immigrants to Quebec have a harder time finding work than the average person, according to a CBC report. Aurelie Tseng has been looking for a job in Montreal for two years.Aurelie Tseng has been looking for a job in Montreal for two years. (CBC)The unemployment rate for new immigrants living in the province is nearly double the national joblessness average of eight per cent. Language barriers are a major obstacle for many people looking for work, especially in Quebec, where the dominant language is French. But even for French-speaking immigrants, searching for employment can be frustrating. Aurelie Tseng is a Taiwanese immigrant who moved to Quebec two years ago to be with her husband. Tseng has a business degree, speaks French, and is looking for work in her field. But after two years of looking for a job, she remains unemployed, and her discouragement grows. "I have no clue how to do it," Tseng told CBC News. "It takes more courage [now] because I have been depressed for a long time." Tseng has sought advice from YES Montreal, a non-profit organization that offers job-search services. They told her networking is key to finding any job. But networking in a new country is daunting, Tseng said. "In my country nobody does that, nobody would tell you to do that," she admitted. Tseng believes her Taiwanese background has made her job search tougher. "We are more, you know, moderate and modest. You just want to say 'OK, yes, I probably can do this,' but for example people here, they don't like to hear that, they want you to say it out loud: 'Yes I can do it' not just, 'Oh yes I think I can do it,' for example." Tseng said she's hoping to eventually get a break at a bank in Montreal's Chinatown.
