Two things:
1) He "retired" (despite sudden and unexpected) to spend more time with his husband and two daughters
2) Will Bank of Montreal be happy when he is spending so much time on his court dealings as it will relate to his relationship with the Irving family and alledged meddling in the Mark Norman/Davie Shipbuilding affair?
Friday, February 15, 2019
Wednesday, February 13, 2019
SNC-:Lavalin: Budget Implementation Act With Buried Changes to Criminal Code
556-page Budget Implementation Act https://laws-lois.justice.gc.ca/PDF/2018_12.pdf
After the 24 pages of table of contents and preamble, on page 532 is the beginning of amendments to the criminal code, in which applies to SNC Lavalin, and ex-Minister of Justice Wilson-Raybould
After the 24 pages of table of contents and preamble, on page 532 is the beginning of amendments to the criminal code, in which applies to SNC Lavalin, and ex-Minister of Justice Wilson-Raybould
Selective Acceptance of Law and Selective Geography of Votes for The Federal Liberals
Pipeline shutdown due to the courts' decision? Accept it, throw your Federal hands up in the air and blame Harper on how the Federals, Alberta and Canadians arrived here. No more appeal, no more progress.
Potential criminal charges against a Quebec based company that is also a key donor to the Liberal party? Create a new, lighter law with weak monetary fines for such a case and lean on a would be "independent in job description" member of your cabinet to pull a legal Jedi mind trick.
http://nationalpost.com/news/politics/braid-rule-of-law-gets-shaky-when-quebec-liberal-votes-at-stake/wcm/ac5fa3e2-40a9-45cf-8185-8e8f35ccf4b0
Monday, February 11, 2019
The "Minister Of Imaginantion" is Trying to Justify His 3.5 Years In Office Today...and Possibly Deflect from Other SNC-Lavalin/Justice Minister News
Stop the press! "Minister of Imagination", the least visible Minister of the top portfolios under this government is actually doing something. Maybe we will discover what he does all day. After almost 3.5 years at his post, we will have a 100 page report. (I do not understand how he is going to get 100 pages out of this, maybe a picture book)
"...Next week, he will release a 100-page government report called Building a Nation of Innovators that mostly serves as a collection of the various policies, programs, plans and funding mechanisms the government has undertaken under the auspices of innovation..."
https://business.financialpost.com/technology/navdeep-bains-interview-innovation?fbclid=IwAR1J9LHQD3mX7mHIQwqI23JmGe7eYcwi55A9h5dUlGP5EaHnaYLJ1gfnI44
And from the House of Commons today, wherefore art thou Justin?
"...Next week, he will release a 100-page government report called Building a Nation of Innovators that mostly serves as a collection of the various policies, programs, plans and funding mechanisms the government has undertaken under the auspices of innovation..."
https://business.financialpost.com/technology/navdeep-bains-interview-innovation?fbclid=IwAR1J9LHQD3mX7mHIQwqI23JmGe7eYcwi55A9h5dUlGP5EaHnaYLJ1gfnI44
And from the House of Commons today, wherefore art thou Justin?
Continued...2019: Let's Count The Ways Of How Things Are Going Wrong With The Sunny Ways Liberals So Far...
...and now a SNC-Lavalin scandal whereby a law was changed in SNC-Lavalin's favour. Just? Warranted? Only if you are a large Liberal donater.
Gold Implying $1,340/oz by March Based on the Options Market
Based on the option chain for the underlying SPDR Gold Shares (GLD:NYSE), we can see the heavier open interestes around US$1,240/oz to US$1,270/oz for the SPDR Gold ETF. Since this ETF trades at an approximate U$70/oz discount to the actual spot gold price, thereby implying a ~US$1,340/oz gold price.
With US governemnt shutdowns, deteriorating Chinese economic and default data, calming but still outstanding trade wars, some central bank buying and flattening interest rates it may be easy to see a US$55/oz increase in the near term.
With US governemnt shutdowns, deteriorating Chinese economic and default data, calming but still outstanding trade wars, some central bank buying and flattening interest rates it may be easy to see a US$55/oz increase in the near term.
Thursday, February 7, 2019
Is GM On The Verge Of A Repeat? UNIFOR's Dias Would Like It To Based On HIs Half Brained "Boycott" Campaign (Pensioners and Future Pensioners Be Very Concerned)
UNIFOR's Jerry Dias is sending the wrong message - if he truly wants to save auto jobs at companies like GM, he should suggest to BUYING their cars.
As GM has posted its year end results, the Canadian public at large falling victim to the one way auto workers union ads and criticism from its leader Dias, focuses on two numbers - US$8 Billion "profit" as posted by GM yesterday for 2018 and a multi-billion figure (that no Canadian can actually quote but they just know its big) "bailout" that occurred due to the Global Financial Crisis of 2018. With only these two numbers in their heads, Canadians are infuriated and blindly throw their anger at GM while boycotting the cars they make. This is the wrong approach.
For context and clarificaiton, US$8 BIlion is an "accounting profit", this is not CASH! Looking further, GM only posted US$5.6 Billion in CASH! generation for 2018....on US$147 Billion of revenues! That is, approximately 3.0% of revenues! These are grocery store like margins!
Upon further investigation, for 2017 and 2018 it was a wash for CASH! generation. There was ~US$2.0 Billion CASH! lost followed by a year of US$2.0 Billion CASH! generated.
In other words, looking at the last three years, ~U$452 Billion of revenues were generated, yet only US$5.6 Billion in CASH! was generated. THIS IS NOT A HEALTHY BUSINESS!!!
Nevermind the US$86 Billion in Long Term Debts. This, unfortunately, does not even include the US$16 Billion of Pension obligations. If I was expecting a pension from GM, I would be very concerned.
If Canadians truly want any chance of Oshawa receiving some benefit from GM they had better start BUYING GM cars, NOT BOYCOTTING GM. This is not a healthy business, and for those that will benefit from the Pensions line in the balacne sheet, GM is going to need all the help it can get, not boycotts.
As GM has posted its year end results, the Canadian public at large falling victim to the one way auto workers union ads and criticism from its leader Dias, focuses on two numbers - US$8 Billion "profit" as posted by GM yesterday for 2018 and a multi-billion figure (that no Canadian can actually quote but they just know its big) "bailout" that occurred due to the Global Financial Crisis of 2018. With only these two numbers in their heads, Canadians are infuriated and blindly throw their anger at GM while boycotting the cars they make. This is the wrong approach.
For context and clarificaiton, US$8 BIlion is an "accounting profit", this is not CASH! Looking further, GM only posted US$5.6 Billion in CASH! generation for 2018....on US$147 Billion of revenues! That is, approximately 3.0% of revenues! These are grocery store like margins!
Upon further investigation, for 2017 and 2018 it was a wash for CASH! generation. There was ~US$2.0 Billion CASH! lost followed by a year of US$2.0 Billion CASH! generated.
In other words, looking at the last three years, ~U$452 Billion of revenues were generated, yet only US$5.6 Billion in CASH! was generated. THIS IS NOT A HEALTHY BUSINESS!!!
Nevermind the US$86 Billion in Long Term Debts. This, unfortunately, does not even include the US$16 Billion of Pension obligations. If I was expecting a pension from GM, I would be very concerned.
If Canadians truly want any chance of Oshawa receiving some benefit from GM they had better start BUYING GM cars, NOT BOYCOTTING GM. This is not a healthy business, and for those that will benefit from the Pensions line in the balacne sheet, GM is going to need all the help it can get, not boycotts.
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