Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Tuesday, June 01, 2010
Wednesday, August 12, 2009
Tuesday, July 07, 2009
Some Might Say Landlords Are Protecting There Investment....
.....and are looking at Toronto Community Housing as a model. It is sad and I feel sorry for those that can't find affordable, well maintained accommodation the media, and social in-activists, concentrate on the Landlord From Hell and give scant attention to the Tenant From Hell and their impact on the bottom line.
Landlords trample on tenants' human rights
Landlords trample on tenants' human rights
by Laurie Monsebraaten
77 min. ago
At first, Kristen Stewart thought it was just bad timing when several apartments she was hoping to rent were no longer available when she showed up to...
.......There is no question there is a problem but putting things in perspective the study indicates that 75% of the people in the study group DO NOT experience problems.
Thursday, May 21, 2009
Probably Too Little Too Late
New credit card rules coming Thursday
Finance Minister to unveil new regulations that include 21-day grace period, more disclosure on interest rates
Tuesday, May 19, 2009
Monday, May 04, 2009
Thursday, April 02, 2009
Friday, March 20, 2009
Kickstarting The Economy Will Help/..But There Will Be Abuses
No to bailouts
As the sorry example of AIG shows, corporate bailouts are wrong, wrong, wrong and again, wrong. A McGill professor of management has termed those bailouts "cash for trash". I fully agree.
Posted by Werner Patels
As the sorry example of AIG shows, corporate bailouts are wrong, wrong, wrong and again, wrong. A McGill professor of management has termed those bailouts "cash for trash". I fully agree.
Posted by Werner Patels
Want To Become An Expert On AIG?
Look beyond the bogus bonus smokescreen
By Michelle Malkin • March 20, 2009 10:56 AM
Frank wants FANNIE, FREDDIE bonuses halted...
By Michelle Malkin • March 20, 2009 10:56 AM
Frank wants FANNIE, FREDDIE bonuses halted...
Tuesday, March 17, 2009
Ayn Is Becoming Very Popular
When Will Atlas Shrug? What is the breaking point? Where will the resistance form? Heavy questions, but unavoidable in the current political climate. The productive members of society can only be pushed so far, some say. What they envision is not defiance of law or a reversal of the election. It is people’s growing disengagement from a new economic order that punishes effort and rewards envy – the creepy future that Barack Obama and the Democrats intend for us. Columnist Michelle Malkin calls that withdrawal, “going Galt.” Malkin was the first speaker when several hundred Coloradans gathered for a free-market leadership conference in Colorado Springs on March 6-7. Her reference was to John Galt, the individualist hero of Ayn Rand’s novel, “Atlas Shrugged.” She told of seeing a placard at the Denver protest rally for Obama’s stimulus bill signing that warned: “Atlas will shrug.”
Read ON SOURCE
Read ON SOURCE
Sunday, March 15, 2009
Walmart, Governments, China....Strange Bedfellows
Paying the Piper[Chinese] Premier Wen Jiabao's knickers are in a bunch about his country's loans to the United States, estimated at 1 trillion.
We have lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets. Frankly speaking, I do have some worries.The best case scenario, I think, would be for China to stop buying the US Treasury bonds that we use to fund our day-to-day spending. Think about it: there would simply be no money to fund ACORN, anti-life activism, and corporate welfare. Some argue that inflation (and disaster) would be inevitable; I like Philip Klein's conclusion:
...as John H. Cochrane, a professor of finance at the University of Chicago's Booth School of Business, explained in a recent article of mine, "Once you have a flight from U.S. government debt, there's nothing the Fed can do about it...If people don't want more U.S. Treasury debt, then the Fed is out of ammunition." Either way, Jiabao's words were a good kick in the tush for our spendthrift leaders. I'm all for even more international pressure.Source
We have lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets. Frankly speaking, I do have some worries.The best case scenario, I think, would be for China to stop buying the US Treasury bonds that we use to fund our day-to-day spending. Think about it: there would simply be no money to fund ACORN, anti-life activism, and corporate welfare. Some argue that inflation (and disaster) would be inevitable; I like Philip Klein's conclusion:
...as John H. Cochrane, a professor of finance at the University of Chicago's Booth School of Business, explained in a recent article of mine, "Once you have a flight from U.S. government debt, there's nothing the Fed can do about it...If people don't want more U.S. Treasury debt, then the Fed is out of ammunition." Either way, Jiabao's words were a good kick in the tush for our spendthrift leaders. I'm all for even more international pressure.Source
What Goes Around Comes Around
Is Rand Relevant?
Ayn Rand died more than a quarter of a century ago, yet her name appears regularly in discussions of our current economic turmoil. Pundits including Rush Limbaugh and Rick Santelli urge listeners to read her books, and her magnum opus, "Atlas Shrugged," is selling at a faster rate today than at any time during its 51-year history. There's a reason. In "Atlas," Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?The novel's eerily prophetic nature is no coincidence. "If you understand the dominant philosophy of a society," Rand wrote elsewhere in "Capitalism: The Unknown Ideal," "you can predict its course." Economic crises and runaway government power grabs don't just happen by themselves; they are the product of the philosophical ideas prevalent in a society -- particularly its dominant moral ideas.Why do we accept the budget-busting costs of a welfare state? Because it implements the moral ideal of self-sacrifice to the needy. Why do so few protest the endless regulatory burdens placed on businessmen? Because businessmen are pursuing their self-interest, which we have been taught is dangerous and immoral. Why did the government go on a crusade to promote "affordable housing," which meant forcing banks to make loans to unqualified home buyers? Because we believe people need to be homeowners, whether or not they can afford to pay for houses.The message is always the same: "Selfishness is evil; sacrifice for the needs of others is good." But Rand said this message is wrong -- selfishness, rather than being evil, is a virtue. By this she did not mean exploiting others a la Bernie Madoff. Selfishness -- that is, concern with one's genuine, long-range interest -- she wrote, required a man to think, to produce, and to prosper by trading with others voluntarily to mutual benefit.Rand also noted that only an ethic of rational selfishness can justify the pursuit of profit that is the basis of capitalism -- and that so long as self-interest is tainted by moral suspicion, the profit motive will continue to take the rap for every imaginable (or imagined) social ill and economic disaster. Just look how our present crisis has been attributed to the free market instead of government intervention -- and how proposed solutions inevitably involve yet more government intervention to rein in the pursuit of self-interest. Rand offered us a way out -- to fight for a morality of rational self-interest, and for capitalism, the system which is its expression. And that is the source of her relevance today.Source
Ayn Rand died more than a quarter of a century ago, yet her name appears regularly in discussions of our current economic turmoil. Pundits including Rush Limbaugh and Rick Santelli urge listeners to read her books, and her magnum opus, "Atlas Shrugged," is selling at a faster rate today than at any time during its 51-year history. There's a reason. In "Atlas," Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?The novel's eerily prophetic nature is no coincidence. "If you understand the dominant philosophy of a society," Rand wrote elsewhere in "Capitalism: The Unknown Ideal," "you can predict its course." Economic crises and runaway government power grabs don't just happen by themselves; they are the product of the philosophical ideas prevalent in a society -- particularly its dominant moral ideas.Why do we accept the budget-busting costs of a welfare state? Because it implements the moral ideal of self-sacrifice to the needy. Why do so few protest the endless regulatory burdens placed on businessmen? Because businessmen are pursuing their self-interest, which we have been taught is dangerous and immoral. Why did the government go on a crusade to promote "affordable housing," which meant forcing banks to make loans to unqualified home buyers? Because we believe people need to be homeowners, whether or not they can afford to pay for houses.The message is always the same: "Selfishness is evil; sacrifice for the needs of others is good." But Rand said this message is wrong -- selfishness, rather than being evil, is a virtue. By this she did not mean exploiting others a la Bernie Madoff. Selfishness -- that is, concern with one's genuine, long-range interest -- she wrote, required a man to think, to produce, and to prosper by trading with others voluntarily to mutual benefit.Rand also noted that only an ethic of rational selfishness can justify the pursuit of profit that is the basis of capitalism -- and that so long as self-interest is tainted by moral suspicion, the profit motive will continue to take the rap for every imaginable (or imagined) social ill and economic disaster. Just look how our present crisis has been attributed to the free market instead of government intervention -- and how proposed solutions inevitably involve yet more government intervention to rein in the pursuit of self-interest. Rand offered us a way out -- to fight for a morality of rational self-interest, and for capitalism, the system which is its expression. And that is the source of her relevance today.Source
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About Me
- Unhypentated Canadian
- I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.