Seeking Alpha

Rich in Quebec

Rich in Quebec
Send Message
View as an RSS Feed
View Rich in Quebec's Comments BY TICKER:
Latest  |  Highest rated
  • Wall Street Breakfast: Must-Know News [View article]
    gggl - When prejudice rules, equality is difficult. That's the reason for affirmative action. Not only does it create examples of success for those who didn't believe in themselves, it diminishes the prejudice, and the discriminatory behavior of the great majority.

    The difficulty is that some individuals will be hurt by an attempt at improving the condition of entire groups. Moreover, simplistic solutions may create obvious distortions. Fifty years ago, I would have argued that Thurgood Marshall's kids did not come from a deprived upbringing Lots of poor whites were in all ways more greatly deprived, except in initial public perception. The question really was whether their enriched upbringing could still nullify the effects of a racist society.

    Certainly society has changed, and no one, I hope, would argue for preferential treatment for the President's daughters on the basis of race. Applying any rules to positively discriminate for deprived groups will always be difficult, particularly so in the U.S. which has always put the emphasis on individual rights, no matter how bad the conditions might be for specific groups.
    Apr 23, 2014. 11:15 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    gggl - How can you expect a reaction when others do not see the Great Recession caused by a U.S. minimum wage law? The polite will silently laugh. Others, including me, might publicly question your logic on this issue, or leave it to others do so.
    Apr 23, 2014. 10:55 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Coolcat - If you think about where the electricity is derived, their computers may be coal fired, whereas mine is Hydro.
    Apr 23, 2014. 10:46 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    WMARKW - By those beauty standards applied to men, the U.S. would have rejected Lincoln and had plenty of Warren Harding types.
    Apr 23, 2014. 10:34 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buckoux - One fact and a couple of anecdotes to put flesh on some of my assertions - For lots of reasons that I won't go into here, French Canadian birth rates in the 17th and 18th centuries have never been surpassed. The Quiet Revolution has brought them down to amongst the world's lowest.

    My father was the 2nd of 10 kids, my mother the last of 16.

    I had a paper route from ages 12 to 16, which I sold to my sister when she was 9. Don't worry. She sold it for a profit.
    Apr 22, 2014. 03:17 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buckoux - The gains will not be exponential, geometric, or even straight line. They will be as they were for water wheels, or turbines, in the 19th century. There was a testing site in my home town that closed down as theoretical perfection was approached.

    Photovoltaics have a long way to go, and costs are also declining. It's just a matter of time, and a lot of research money as solar becomes the go to, cost effective, source for more usages of energy.

    So Jake was wrong on the term, but he'll be right on the outcome.
    Apr 22, 2014. 02:58 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    gggl - I just about choked when Mort Zuckerman, a usually reasonable fellow, gave that interpretation of Stephen Harper on the McLaughlin Group and followed up with a prediction of electoral victory in 2015. Maybe for that show, Zuckerman is not to the Right. He is, let's be generous, center right. He is also a staunch defender of present Israeli policy as is Stephen Harper , who has taken Canada away from what has been perceived as Canada's "even-handed" Middle East policy.

    Nevertheless, I thought that Zuckerman's electoral prediction was way off until I heard today that a new poll placed Harper first, though only with 34% of the prospective vote.
    Apr 22, 2014. 02:46 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    kwm3 - Canada is now the pariah of environmental meetings. We used to be among the world's leaders on the environment. So the attitude of our Conservative P.M. Stephen Harper, has us looking like Jane Goodall turning into big game hunter.

    I think that the majority of Canadians oppose rapid tar sands development, but it is not that far up on their priorities. On the other hand, Harper publicly scolded Obama the last time Obama kicked the Keystone can down the road. He has probably decided that that approach is counter-productive and has so far not made a big thing of it this time.

    Canadian politics are sufficiently divided that he probably believes that making his base happy, even going ''Republican'' in attempted voter suppression, despite wide ranging opposition, is his best bet to get 39% of the vote like last time, and win the next Federal election and form a majority government.
    Apr 22, 2014. 10:45 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - It's being given the coverage it deserves. I don't get Fox, except indirectly through the Daily Show. That's the only place I've seen the story. Personally, I find Rob Ford a better and more imaginative buffoon.
    Apr 22, 2014. 10:28 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    James - I don't think that the Keystone saga is as simplistic as Obama rewarding Buffett. It's a lot more complex than that.

    The Keystone Pipeline would be a boon to Canadian Tar Sands and to southern refineries which apparently could deal with it, before exporting it. I don't know where all the Bakken light oil goes, and whether new pipelines should be built within the U.S. without need of Presidential approbation, but I do know that last summer's Lac M├ęgantic's rail disaster was with Bakken oil from North Dakota.

    So, politics may be involved. But it may be environmental poilitics. Why should an American president help Canada find a market for the world's dirtiest petroleum resource? To put it in the crassest terms, if Republicans must satisfy their Tea Party base, Democrats too must not overly disturb their environmental base.
    Apr 22, 2014. 08:59 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The change in policy of Japan's Government Pension Investment Fund should provide investment opportunities for the rest of us, provided we have a bit more information. Those securities that used to be judged just beyond the pale are likely to be positively affected by a big fund loosening its investment criterea. Where was that line? Can any of our more informed WSB readers inform us? If not, I hope that an article on the subject will soon grace Seeking Alpha. Looking through past comments, the fund had already increased its weighting of Japanese domestic stocks last June - so the line had already moved and is likely to move again.
    Apr 22, 2014. 08:34 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - I think that your approach is very rational, in particular in really involving your pharmacist. I just wonder how much is gained by the marketing to prospective patients, and even to doctors. I know that I see a lot less of it on this side of the border, though I don't really know the specifics that brought the difference about.
    Apr 21, 2014. 06:38 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buckoux - Maybe the modern French-Canadian stereotype is different than when I was growing up in Holyoke, Mass., a New England mill town. The French Canadian stereotype was uneducated, hard working, large families and with a history of having put kids to work early until stopped by child labor laws. There was definitely no confusion with the haughty French stereotype.
    Apr 21, 2014. 05:22 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - The reason you have a doctor is to diagnose and know what to do. Do you really want to treat yourself based on TV ads? Some drugs are replaced because the new one brings a better price, not necessarily because they're any better. There are profitable drug companies around the world, but they do make more on the retail level in the U.S.. Is there really any health benefit in this model?
    Apr 21, 2014. 05:00 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - I hope that others, more knowledgeable than I, might respond, but Canadians are under much less of a marketing assault by manufacturers pushing their medications. I think (I'm not sure) that doctors are under greater pressure from their provincial boards to prescribe standard less costly medications before going to the newer more costly ones.

    In connection with this, on one of the news shows in the U.S. yesterday, someone had studied free samples given out for skin problems, and came to the conclusion that doctors giving out free samples tended to prescribe more expensive medications, but with no net benefit to patients.

    There is no doubt that the Canadian system relies a lot less on market forces - for good or ill. The longer waits for service that we tend to have here are one of the ill effects.
    Apr 21, 2014. 01:58 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
4,551 Comments
7,493 Likes