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  • GE marginally higher after mixed results [View news story]
    I love the terms people use to describe layoffs - 'structural cost-out'.
    Apr 17 03:25 PM | 1 Like Like |Link to Comment
  • GE rethinks 20-year CEO concept [View news story]
    My comment was directed toward jaymarcellus.
    Apr 15 09:09 PM | Likes Like |Link to Comment
  • GE rethinks 20-year CEO concept [View news story]
    Are you smoking marijuana?
    Apr 15 09:41 AM | 3 Likes Like |Link to Comment
  • Consumer Price Index rises by 0.1% [View news story]
    Food only up 1.76% yoy March? BS!!
    Apr 15 09:21 AM | 8 Likes Like |Link to Comment
  • Rogers Communications: Mixed Plate Of Fortunes Earns A Hold Rating [View article]
    I bought Rogers last week. I didnt focus on timing as I plan to hold this position for the longer term. I like their past track record of growth, their dividend, the brand power they have in the Canadian market etc.

    I personally use Wind Mobile for wireless. They have a $25, unlimited Canadian long distance voice and text and for $40, I could upgrade to a free Blackberry Z10, with unlimited US and Canada long distance and text. And I can also call China for 1 cent per minute on Wind if I go with their higher priced plans.

    But for investments, I chose RCI.
    Apr 14 12:59 PM | Likes Like |Link to Comment
  • Wal-Mart pushes back in China [View news story]
    “Wal-Mart says it ended relationships with 300 suppliers last year because they didn’t pass the retailer’s testing and safety standards, yet those suppliers had paperwork proving that they had passed muster with local food watchdogs.”

    You can get ANY paperwork in China - for ANY purpose - with a cash payment for consideration. The Chinese work on consideration and nothing else. They dont care about standards, regulations etc.

    Chinese people are great human beings when dealing with them in personal relationships - honest, respectful, helpful, friendly, etc.

    Chinese business people, on the other hand, are atrocious when dealing with them in business relationships - dishonest, disrespectful, untrustworthy, deviant, etc.
    Apr 14 10:11 AM | Likes Like |Link to Comment
  • Exxon's CEO compensation rises, Chevron's falls in 2013 [View news story]
    Executives deciding their peers pay and compensation? If that is the best m.o., why not have secretaries decide their peers pay and compensation levels?
    Apr 12 08:31 PM | Likes Like |Link to Comment
  • Weak Inflation Supports Current Equity Prices [View article]

    From a 2008 speech by Bank of Canada Deputy Governor, John Murray, I will cite the following:

    'Measures of core inflation are usually calculated in one of two ways. The "exclusion method" is the most straightforward and, as the name suggests, involves excluding the prices of those goods and services that typically display more than a predetermined amount of variability.'

    Plain English translation: When we measure inflation, we take out any item that would increase the reported inflation rate more than we want it to.

    John Murray then continues:

    'The "reweighting method," in contrast, doesn't exclude the prices of any goods and services. Instead, it assigns a weight to each component that is inversely related to its volatility. In other words, more volatile price series are given a lower weight.

    Plain English translation: When prices on certain items go up too much, we give it less importance, as a percentage, in our calculation of the inflation rate. Inflation will then stay in the range that we want it to.

    The public is SO DUMB that even when these guys admit to what they are doing in their speeches, nobody objects. And journalists are so dishonest, they dont call out officials when they are up to these wrongs.
    Apr 7 02:12 PM | 1 Like Like |Link to Comment
  • Procter & Gamble declares $0.6436 dividend [View news story]
    Hope this forces other big guys to raise more than they have.
    Apr 7 12:50 PM | Likes Like |Link to Comment
  • Weak Inflation Supports Current Equity Prices [View article]
    Real inflation runs about 4 -5% per year. Government reported inflation runs about 1 - 2% per year.
    Apr 7 12:48 PM | 3 Likes Like |Link to Comment
  • Too Big To Fail not solved, says IMF [View news story]
    When you have the Japanese government paying less than 2% on 30 year-term borrowings, you know the problems central banks create are still present. Without such banks, the japanese government would be paying 10% on their money.
    Mar 31 06:01 PM | Likes Like |Link to Comment
  • Too Big To Fail not solved, says IMF [View news story]
    Central banks control everything. They increase the money supply, they set prices, they control inflation etc.
    Mar 31 05:59 PM | Likes Like |Link to Comment
  • Wal-Mart sues Visa for $5B over swipe fees [View news story]
    Walmart doesnt put mom and pop shops out of business. When Sam's Club opened up in my city, I was able to buy inventory for my retail store at a lower cost (in some cases) than from other suppliers and sell it at a cheaper price than Walmart did to their customers.

    Essentially, Sam's Club was helping me beat Walmart on prices for the same items. That is not predatory at all.
    Mar 28 10:58 AM | 2 Likes Like |Link to Comment
  • Pharmacies, Cigarettes And Game Theory [View article]
    Until they remove all unhealthy items from their stores, I call BS on their good intentions.
    Mar 25 01:32 PM | 1 Like Like |Link to Comment
  • Fears of terrorism in Boeing 777 disappearance [View news story]
    I fly, but not through an American airport - Ever. I wont travel through American airports anymore because the security measures remind me of the movies I watched detailing Nazi Germany in the 1930's and early 1940s.

    I never thought I would see the day when an American president - who won the Nobel Peace Prize - would assassinate 4 Americans without granting them the right to a trial, by claiming they were a threat to national security and enemy combatants. This is the same intelligence we relied on when America invaded Iraq.

    By the way, I have never boarded a plane in the past 5 years where my passport wasnt scanned. The airlines have to verify and match up the name on the ticket with the name on your passport. If the passport doesnt scan correctly and match up with the ticket information, the airlines are required to investigate the mismatch.
    Mar 12 03:37 PM | Likes Like |Link to Comment