blueblood

Or wait a month for the mail... Personally I do business at both and use whatever services are to my advantage.

If you had 34 million to spend on a CEO who would get you 4 billion in cash you wouldn't spend it. I'd make that deal any day of the week. The CEOs negotiated with the board of directors for that parachute. If there's a problem take it up with the board that granted it in the first place, they could tell the CEO to pound sand for asking for a contract like that, but they don't. Why is that? There is balance, we just have a bunch of whiners at OWS who don't know how an economy works.

The Merrill lynch CEO got a job contract. That means the contract has to be honored or it's off to litigation. Why do you think the CEO's of failed big companies go hat in hand for a gov't bailout. Had we had normal bankruptcy, that contract goes bye bye and the compensation with it. Did you look at hp's performance under Hurd vs. When he left. It's night and day. The buck stops with the CEO and at the end of the day their decisions are what determines the fate of the company. The bp oil disaster was an example of the other end of the pendulum, the CEO was in the hot seat and his policies of shortcuts bit him on the rear, and he's not CEO anymore.

Because raising interest rates would be far more effective in getting people to quit this maddening borrowing, plus it benefits the bondholders and those with interest paying savings accounts. No, they're both at fault, the boc for wanting low interest rates and the gov't for rubber-stamping it. Much like a pregnancy, both parties are to blame.

Giggle. Hoover and FDR caused the recession by trying to prop up prices/wages instead of letting the market correct itself like it did in 1920-21. They should have let interest rates rise and encouraged people to save their money and let people enjoy lower prices for the goods they buy. It's funny for someone who sticks up for the little guy, you should be happy that prices should fall because high prices benefit mainly the 1% your talking about. We had cheap money and everyone and their dog was plowing it into the stock market, and companies who normally wouldn't have had a high stock price based on performance got to enjoy a high stock price, unfortunately that created a bubble and when people couldn't make the cheap money payments and the inflow of cash was gone, stock prices dropped and wiped out all that money. Much like the dot com bubble. And to make things worse we have FDR trying to prop prices up by stimulating the economy and "creating" jobs that were not productive - just work for the sake of work. If you think FDR had the right way of getting out of the depression, perhaps you'll like Krugman's idea of getting out of this mess better: And for the sake of sanity we have an opposing view: And if your thinking war is the best stimulus, why haven't all the nations of the world put all their navies in the pacific ocean, evacuated the crews and proceeded to blow up all the ships? Just think of all the jobs that would be created to build all those ships again!

Ah but the minister of finance can trump the governor if he so desires. (hasn't happened yet). If the minister of finance wants interest rates to be higher, they shall be higher. My link The problem of cheap money and the Cmhc guaranteeing everything is a far bigger moral hazard than mortgage regulations. Mccleans And like I've said, when the crap hits the fan, those Canada bank Act regulations are going to really sting the borrowers. Don't know if you posted this link, but it cites low interest rates as a big culprit. So we've had ridiculous housing growth over the last decade under Tory and liberal govts, fueled by low interest and the Cmhc backing those mortgages. Sounds a lot like our friends down south. But you make a fair point, if we are going to have gov't interfere with a central bank arbitrarily setting interest rates and guAranteeing the mortgages, then there has to be regulations the other way dictating how this cheap, guaranteed money is doled out. Economic analyst

Ho hum conservative Saskatchewan leads the nation in unemployment My link And the sask party is polling at about 60% My link Ho hum bubber's Tory wet blanket claim has been shot full of holes Ho hum

Like back dog I am an oilers fan. I am expecting a 7-12 place finish is year, however the defense is IMO overachieving along with their goaltending. What's nice is that they can properly rest hemsky who is ppg when healthy key word being healthy. Sutton ands Whitney will be good when they get back. I think gagner is on the trading block, he's the odd man out. As for the leafs, they are a markedly better team than the last few years and are a legit number 1 centre from being an elite team. And no Connolly, Lombardi are not legit number 1 centers. Kessel will need a set up man. Toronto needs to play better defense, a minus 1 goal differential is not sustainable. I do like Toronto better than the other eastern conference Canadian teams for getting into the playoffs ( unless Montreal gets their offense in order). Let's not get started on Winnipeg...

Except they've been bitching about the avg Canadians indebtedness for more than a year. They slashed rates to try and stimulate production and unfortunately people decided to get drunk on cheap money. I wonder how those homeowners are going to feel about the Canada bank act when interest rates rise and their house values drop like a rock as your predicting... And you know some of the "goodies" in there pertaining to being over leveraged, can't make payments, and other things pertaining to property value decreasing.

The CEO earns an obscene amount of money because what his job entails is the decision making that can make/lose his firm millions or billions of dollars. Whereas a programmer for example doesmt have that kind of scrutiny. Also a CEO doesn't have much for job security, if a CEO screws up, chances are he's toast. Let's look at hp's CEO kerfuffle within the last couple years. Guy cheats on his wife and got canned (in the wake of tiger woods situation). This CEO earned hp profits of billions of dollars, and was compensated 34 million. Yes that sounds like a lot, but his compensation is a fraction of the wealth his decision making created. After he got canned hp went down the tubes. Mark hurd My link Hp performance under hurd Performance after hurd In q1 2011 hp had 4 billion dollars fewer of cash than q1 2010. Wow! For 33 million bucks To pay for a CEO that will get you an extra 4 billion in cash that's a pretty good deal. That's why they are worth what they are.

Oh did they now? Parable of jesus

If I shut down to join the 99% that means I shut it right down. If I donate 3000 acres to ducks unlimited or some other environmental organization, the wealth created from that 3000 acres disappears. But I do do things for other people, my pursuit of more dollars feeds people, provides some part time employment, and supports businesses in town.

According to the numbers I am part of the 1%. I squeeze in there, but I am what I am. The only thing that sucks wealth is gov't spending. If anything we are generating wealth. In case you haven't noticed, the better other countries do, the richer Canada gets. Having people get out of poverty in Asia is a good thing. I am defensive about it because when business grows it benefits society as a whole. When I see people protesting others who succeed, that to me sends a horrible message.

They may have brought it in, but during the stimulus and slashing of interest rates, they were beating the "don't go too far into debt" drum pretty hard and for quite some time. If people don't want to listen... Probably should include carney in there with giving the green light to slash interest rates and reduce the cost of money.

CEOs of publicly traded companies have their salary determined by a board of directors which is then picked by shareholders. The qualities and skills of a good CEO are rare and competition results in the compensation they get. The entrepreneurs who hit the jackpot are benefitting from a richer world and an increased money supply. Then there is the benefits of return on investments. The lowest earners are in competition from all over the world more so than upper management because of qualities and skills competition. Perhaps more people should be learning in school to be CEOs rather than medieval literature and other useless nonsense.

Yet he advocated investing money and saving it in banks. Supporting the poor through jobs and buying their products is far more effective than doling out free cash. The western world is learning this lesson the hard way.

Holy Clint Eastwood it's like the wild west all over again. We have lawlessness, drug tents, skid row, mud all over the place. All we're missing is horses and gun fights.

I'll see your Andrew coyne and raise you a Niall ferguson op-Ed. I'd say a better read Niall ferguson

Oh really... My link Jesus says get your ass to work.

I love it, when asked if me shutting down is good for society, we have OWS sympathizers parroting talking points about complaining that the top 1 percent have all the wealth. Its quite obvious that you and your ilk want people like me to do all the work and get nothing for it, while you guys do little or nothing and get all the benefits. On behalf of the 1 percent, OWS can go and eat cake!!

When in rome, do as the romans do. If the libs wanted to portray the tories as bad for being religious, the libs better have their house in order. The libs fired the first shot...

Would that be gross or net income?

Nope in my scenario, I'm "wanting" to join the "99 percent" and enjoy the benefits of the progressive tax system, can't have multiple income streams, or I can donate to parks canada or some nature organization. By the way lots of those protesters would be happy to see that land revert back to nature. Now, would I be contributing more to society by staying in business or blowing it all up and driving truck for 50k per year?

Actually all of veg oil is hot hot hot right now. However, that party is only going to last for about 3-4 yrs. When those little palm trees in SIngapore/Indonesia/Malaysia reach maturity, soybeans and veg oil will cool off because palm trees are very productive and require very little inputs. Corn still looks good. Wheat is meh. Cattle are gangbusters right now, I'm fire saling the cows. The only wildcard is growth in asia and their demand for meat. Soybeans also benefit from the increase in meat demand because soybeans are crushed as much for soy meal as soy oil. With Ag being so hot and an extreme labour shortage, why don't those lazy occupiers head out to the country. Custom harvesting outfits are taking people with ZERO experience.

But the dollar has a to have some value. It's going to be pretty hard to ramp up production if your equipment that your buying is worthless, or your workers have to haul wheelbarrows of money to the bakery to buy bread. What do you think was a result of the interest rate hike in the early 80's