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  • Aluminum catching on in Detroit [View news story]
    Also just wait till the insurance companies adjust rates for aluminum vehicles to reflect the higher repair costs - if they have not already. As for F150 reviews, the likes of Road and Track rarely write bad reviews as they are overly dependent on advertising and the trusted publications like Consumers Report and Lemonade will not have enough history for a few years at least till they can tell. Based on my experience with North American Auto and new innovations, its buyer be ware as they are more likely to get it wrong before they get it right! JMO
    Apr 11, 2015. 09:47 AM | 6 Likes Like |Link to Comment
  • Aluminum catching on in Detroit [View news story]
    Aluminum is expensive, harder and way more expensive to repair and the newer steels developed and being developed mean that the weight difference is not nearly what it once was. The F150 is not selling as well as it was expected to either and other trucks get better millage. You can haul more with the Ford but most trucks I see tend not to be hauling anything and the average truck can haul plenty when needed anyway. Even with corrosion, road salt and pollution eats aluminum as well as steel.
    IMO - aluminum is not the way to go.
    Apr 11, 2015. 09:37 AM | 7 Likes Like |Link to Comment
  • Stalled pipeline projects threaten Canada’s economic future, banker warns [View news story]
    Junior is one who has had a privileged childhood followed by a sheltered career as a school teacher prior to entering politics. Unlike his father who prior to becoming party leader had lots of experience on the world stage and politics back rooms, junior has none. Not exactly good credentials for leading a country.
    Apr 10, 2015. 09:26 AM | 2 Likes Like |Link to Comment
  • Study finds rising radon levels in Pennsylvania homes amid fracking surge [View news story]
    Not to debate frackings impact on increased radon levels but the easy solution to radon problems is to vent it. Radon has been vented from buildings that have high levels for years.
    Apr 10, 2015. 09:19 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Nikkei Retreats From 15-Year High [View article]
    The easy fix for radon is to vent it as they have been doing for quite some time in homes where its been a problem. Some areas just more prone to radon gas than other areas and where this is the case, the solution is to vent it. This is not to say that fracking does not contribute to it but to say that there is a known solution to the problem.
    Apr 10, 2015. 09:14 AM | 8 Likes Like |Link to Comment
  • Lumber Liquidators, Formaldehyde And Asbestos [View article]
    When buying anything from a Chinese manufacturer its buyer beware as very tight monitoring and controls are required if you really want to know what you are getting. Rules are minimal and just about anything goes over their.
    Apr 9, 2015. 03:56 PM | 1 Like Like |Link to Comment
  • Reuters news chief exits for chairman job at Euromoney [View news story]
    Smith is the top guy at TRI and comes from the Thomson side of the business. My understanding is that he is results oriented, focused on customer service and delivery of a good product and was put in charge after the combined company stumbled badly. As part of the house cleaning after he got the top job, a lot of the Reuters brass was shown the exit and the company has now come a long way in turning things around. With the news side of the business not doing so hot, perhaps some one saw the writing on the wall and decided to move along. My leaning is that this will be positive for Reuters. - JMO
    Apr 9, 2015. 03:50 PM | 1 Like Like |Link to Comment
  • Stalled pipeline projects threaten Canada’s economic future, banker warns [View news story]
    Canada's left coast is indeed a problem when it comes to any resource development and yet they all consume oil and gas and power generated from burning coal. They have this thing about their pristine shore line as well. Beautiful it is but I am not so sure about pristine as the reality is that a lot of what China and that part of the world dumps into the pacific makes its way across to BC (there is all sorts of evidence as it does show up in the BC waters). The provinces do a lot of politicking and shooting each other in the foot and they really do need to stop.
    Apr 9, 2015. 03:40 PM | 3 Likes Like |Link to Comment
  • Why I'll Wait And See With Turquoise Hill And Oyu Tolgoi [View article]
    Based on all the different factions that make up the GOM and the strong resource nationalists/ anti foriegner types that control some of these factions, Prime Minister Saikhanbileg has a ways to go before he can deliver anything. IMO chances of a deal in the near future are better than they have ever been as Saikhanbileg seems to understand the need for foriegn investment in Mongolia and what needs to happen for foriegn investment to again start flowing into Mongolia. He has also struck a positive cord with the people through his communicating with them on social media and television.
    If he fails to deliver this time, then IMO we will not see anything positive till after the up coming election which is a little over a year away. I suspect that the inward looking resource nationalists may be in for a big negative surprise as the people have over the past elections been promised a lot by them and have had zero delivery on those promises and economic hardship has been the reality for many of them.
    When will we really have something of substance here - it will absolutely been when Rio Tinto tells us that we do. ;-)

    Excellent coverage Gary! :-)
    Apr 9, 2015. 10:53 AM | 2 Likes Like |Link to Comment
  • Costco lower after March sales report [View news story]
    Not surprising as although they still have a lot of well priced merchandise, a lot of stores in groceries for example have no problem beating them with sales promotions. I also noticed that starting some years a go, they quit carrying certain bulk items that the consumer may have liked but that they could replace with higher margin upscale items that were not as much of a good deal for consumers. A lot of the increased profits in recent years has not been through what I call real growth but has come through tightening rules like return policies and selective availability of product in the favor of the company over the shopper. Well these are one time gains that can't be counted on to drive growth every year and consumers do catch on to these tricks and act accordingly.
    Apr 9, 2015. 10:36 AM | Likes Like |Link to Comment
  • EIA Petroleum Inventories [View news story]
    Tell us Gary - are you a "closet green"?? Whats your problem with Canada anyway Gary???? They have been Americas closest ally and energy partner for decades and supported America on many fronts and continue to do so. Yet all the Obama administration seems to do is slap Canada in the face. Even American business leaders Like Buffet and others have come out and said that Canadian oil was good for the American economy and Obama should not be thumbing his nose at Canada. I guess you like buying oil from Americas enemies like Venezuela and Those in the Middle East better than from traditional friends and allies.

    Come clean Gary, tell us what your real agenda is????
    Apr 8, 2015. 01:56 PM | 3 Likes Like |Link to Comment
  • EIA Petroleum Inventories [View news story]
    Yes - Saudis and OPEC have actually increased shipments to America. Part of their game plan to keep prices low till they see enough production taken off line. As they are the low cost producers with the big bank accounts, it is only a matter of time before high cost production drops accordingly.

    Apr 8, 2015. 01:45 PM | Likes Like |Link to Comment
  • Mongolia Approves Oyu Tolgoi Expansion: Rio Tinto Impacted? [View article]
    The new prime minister has set a very good direction for Mongolia and if Mongolia stays on that course then it should be very prosperous for all involved including the people of Mongolia. The problem is that it seems that many in the government of Mongolia do not for one reason or another want to take the steps that would allow Mongolia to move forward and prosper.
    In order for any business relationship to last , it must provide benefits to all the stake holders people, investor and government. Most Western corporations know this and so that is what they try to accomplish in developing business relationships. if the GOM does not get it right this time, Mongolia will be having a new election in a little over a year and hopefully the people will choose the proper leaders that will move the country forward.
    Apr 8, 2015. 01:21 PM | Likes Like |Link to Comment
  • Mongolia Approves Oyu Tolgoi Expansion: Rio Tinto Impacted? [View article]
    Yes 100% as the GOM has had a history of saying one thing while doing the exact opposite a short time later. Currently most foriegn investment in Mongolia has been sidelined as a result of the actions of the GOM and Rio Tinto is really the Canary in the coal mine. If a company with the size and experience of Rio Tinto and a huge world class deposit like they have can not get a fair shake in Mongolia then the others do not have much of a chance.
    Also when you look at the experiences of companies like Khan Resources and South Gobi Resources which were very negative to say the least, you realize just how treacherous a place it can be for foriegn businesses.
    The PM is trying to push Mongolia in the proper direction but their are still many obstacles in the way and the best gauge for determining if these obstacles are really being delt with is Rio Tinto's Responses and actions.
    Apr 8, 2015. 01:11 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Shell Agrees To Buy BG Group For $69.6B [View article]
    The biggest problem with America starts with the current White House and those running it who are to busy with ideologies as B.S. Legacies to really do anything to look after the American people and their historic allies.
    On dollar stores, Dallarama up in Canada is doing a gangbusters business and the stock has done extremely well. they have moved from dollar merchandise to anything up to $3 and that has worked out well for them - boosting sales and margins. They have virtually no competition from any other large chain dollar stores and the retail players like Walmart do not even try to compete with them. Actually a lot of the new jobs in Canada are Walmart type jobs and so you could say that Walmart is providing a lot of Customers for Dollarama. ;-)
    Apr 8, 2015. 12:54 PM | 4 Likes Like |Link to Comment