As for me ; I plan on invading Quebec this summer just like the Founders did . There's some good hiking near the city .
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As for me ; I plan on invading Quebec this summer just like the Founders did . There's some good hiking near the city .
Quebec City is indeed a great place to visit as is Montreal. There is some great skiing north of Montreal as well.
It's about time someone invaded them, the separatists occasionally even threaten to join the United States from time to time. After you've invaded them, could you beetch slap them a couple of times for me for being such whiners :DQuote:
Originally Posted by tomder55
Oh and before you decide to invade, you should know that they are libel to recall this bad boy to stop you ;)
Funny...
I'm really looking forward to the trip.
Quote:
Originally Posted by tomder55
More on this from the acting head of the FCC
Citing Obama Opposition, McDowell Warns Against Fairness Doctrine - Multichannel News
Quote:
He suggested the doctrine could be woven into the fabric of policy initiatives with names like localism, diversity or network neutrality. "According to some, the premise of any of these initiatives is similar to the philosophical underpinnings of the Doctrine: the government must keep electronic conduits of information viewpoint neutral," he said.
McDowell suggested that a stealth version of the doctrine may already be teed up at the FCC in the form of community advisory boards to help determine local programming. McDowell says he is fine with those boards if they are voluntary--some stations already seek such input. But that if they are required, as the FCC has proposed, "Would not such a policy be akin to re-imposition of the Doctrine, albeit under a different name and sales pitch?"
Man that saddens me to see you make fun of them. I live not too far from the largest Canadian Forces base in Canada, they are sending out another deployment to Afghanistan.Quote:
Originally Posted by TexasParent
"Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime....
" Mr Ryder, speaking as strikes involving hundreds of thousands of workers erupted across France and Germany, told The Times: 'We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself.'
"Sharan Burrow, the president of the Australian Council of Trade Unions, said that the world was now witnessing the human cost of 'casino capitalism' as the impacts of rising unemployment and home repossessions and of plunges in savings and pension funds hit millions of families.
"Ms Burrow said: 'Why shouldn't working people be angry? Their money is being used to stabilise the financial system, but it is their wealth, their jobs and the welfare of their children that is being stripped away.'” http://business.timesonline.co.uk/to...cle5614520.ece
Shezam! Contemporary evidence that proves socialism does not work; legal taking from one group and giving to another with no regard to private right to ownership. "Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%." T. Jefferson
Funny, Canada is more socialist than here in the US and because of how they set up their banking system with more regulations they are in much better shape than here in the US.Quote:
Originally Posted by George_1950
So stick that in your "socialism doesn't work" ear. ;)Quote:
In the midst of the worst financial crisis since the Great Depression, Canada has joined the ranks of governments that in recent weeks stepped up to help banks cope with more fallout from bad U.S. subprime mortgages. In Canada's case, however, the reason for the assistance is a little different from some of its G-7 partners. Unlike banks in the U.S. Britain and Germany, which needed to be bailed out with hundreds of billions of dollars in new capital, Canada's major banks are solid and solvent. They don't need any help to work through their subprime exposure.
So why did Ottawa agree to insure the money they routinely borrow from other banks, a practice that keeps their credit operations liquid? Ironically, the troubled non-Canadian institutions that received capital injections and loan guarantees in other countries now carry a government seal of approval that tilts the playing field in their favor when it comes to borrowing. That leaves Canada's big banks, including Scotiabank, TD Bank Financial Group, RBC Royal Bank and CIBC, at a competitive disadvantage. So the government acted to level the field, not to aid troubled banks.
Why has Canada withstood the subprime tornado better than other countries, and should the Canadian banking system be a model for G-7 and G-20 leaders when they gather in Washington on Nov. 15? Consider that the Geneva-based World Economic Forum, an influential think tank whose annual conference attracts the likes of Bill Gates and Tony Blair, earlier this month ranked Canada's banking system as the soundest in the world. The U.S. came in at No. 40, and Germany and Britain ranked 39 and 44, respectively. (Switzerland was No. 16, just ahead of Namibia.) "For Canadian banks, having higher capital ratios than anyone else in the world is a source of pride," says analyst Mario Mendonca with Toronto-based investment bank Genuity Capital Markets.
The average capital reserves for Canada's Big Six banks — defined as Tier 1 capital (common shares, retained earnings and non-cumulative preferred shares) to risk-adjusted assets — is 9.8%, several percentage points above the 7% required by Canada's federal bank regulator. That's a little better than major U.S. commercial banks like Bank of America, but significantly higher than an average capital ratio of about 4% for U.S. investment banks and 3.3% for European commercial banks.
Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies.
Canada's banks make bad investments on occasion. When Toronto-based CIBC, Canada's most aggressive big bank, took $3.5 billion in charges against the U.S. subprime debacle, federal regulators quickly arrived on the scene. But here's the difference: CIBC ended up selling $2.94 billion worth of its own shares in the first quarter of this year to shore up capital reserves. "The relationship between government and banks is a positive one," says Minister of Finance Jim Flaherty. "We have a lot of discussions and regular meetings. The common goal is a sound financial system."
There is, of course, a flip side to Canada's regulatory system. When the global economy was flying high, Canadian banks complained about not being allowed to merge to become more significant international players. "In hindsight, that decision may have saved Canada from having a Royal Bank of Scotland on its hands," says Lawrence Booth, a finance specialist at the University of Toronto's Rotman School of Management, referring to the overly ambitious bank's bailout earlier this month by the British government.
Says FFlaherty: "The credit crisis we're facing is the result of unbridled greed. We need to bridle greed." Perhaps when world leaders sit down in Washington to forge a 21st-century New Deal for the global financial system, it may have more than a smattering of Canadian banking know-how.
Just curious: does 'bank regulation' equate with 'socialism'? Can you provide a cite for your conclusion? Or, could it be an opinion, only?Quote:
Originally Posted by TexasParent
George,
How do you define socialism?
Sorry I was taking my conclusion from the Republican playbook that says: "Free-market capitalism solves everything; regulations (government intrusion in the free-markets) doesn't work. Regulations = big government = socialism."Quote:
Originally Posted by George_1950
Do I have that about right, or should I dig up countless Limbaugh or Hannity pronouncements of the conservative view tying regulations to socialism?
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Oh and within these forums most right-leaners have called Canada nasty names like liberal, socialist and held it up as an example of what the US may become if it doesn't watch itself... lol.
Dig them up
Knock yourself out :DQuote:
Originally Posted by albear
search
Type in the search field "Government regulations".
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The following is what I got when I typed it into the search; these are Rush Limbaugh broadcasts.
Knock yourself out....
Quote:
--------------------------------
A Prebuttal to Obama's Infomercial
Oct 29, 2008... He seeks to replace the American entrepreneurial spirit with government
Regulations and mandates. James Madison, Thomas Jefferson,.
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2 Windmills and Lousy Cars to "Fix" Global Warming as We All Freeze
Nov 24, 2008... But then you put government regulations, Café standards, mileage, emissions, and
All of a sudden you change the game.. .
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3 Elected Republicans Cave to Obama and Left at Their Own Peril
... or get her home ready to go, according to new environmental regulations.. .
To pay for work to meet government regulations to reduce CO2 emissions.. .
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4 Stack of Stuff Quick Hits Page
They're working on all kinds of new technologies that will help use less
Gasoline, and they're doing this independent of these government regulations.
...
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5 United Socialist States of America?
Sep 17, 2008... We have automobile and aviation companies on the verge of bankruptcy or
Government ownership due to legislation and regulation in oil prices...
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6 Senator Ken Salazar Stands in the Way of Lower Gas Prices
Last year Senator Salazar slipped language into a bill to bar the federal
Government from issuing final regulations for commercial oil-shale development.
...
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7 Some Tough Love from El Rushbo
The government, some regulation, the kangaroo rat in Bakersfield, California,
Farmer had to get rid of his farm. Wetlands, the whole assault on private...
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8 Obama Plans to Implement FDR's Socialist "Second Bill of Rights"
Oct 29, 2008... We've all got shackles around us some way or another, we all have government
regulations in front of us, or we all have other things we have...
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9 America's Anchorman: Democrats See Illegal Immigration As the Way...
Cheap labor is a way to circumvent all of the socialist big government
Regulations that have been imposed on employer-employee relations for the past
65...
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10 Obama Compares United States Unfavorably to China and Russia
Aug 22, 2008... They don't have any big government regulations. They can put up cheap buildings.
They can put up all kinds of cheap infrastructure,.
So you don't like government regulations I take it?
Quite the opposite, if the proper regulations were in place in the US Banking and Investment industry; this crisis would have never occured; but Republican's don't like regulations, the free-market works just fine on it's own. In other words don't get in our way by protecting the system from collapse it makes us less competitive :rolleyes:Quote:
Originally Posted by albear
Read my earlier post about how Canada got it right.
Are republicans the ones who don't want a higher tax rate on people with higher incomes
That's the group... have you been living in a cave?Quote:
Originally Posted by albear
Oh COME ON TP! WHO has been in charge of the banking industry for the last two years? What congress has been in power for the past two years? What president started this mess when he enacted legislation that forced banks to give loans to the low income people to buy houses they could not afford? What president and his AG made those rules even tougher?Quote:
Originally Posted by TexasParent
Do the homework before you start in.
No just not a politically minded person, american politics especially so too much b/s, but I've got a friend who is so I thought id take a little more interest.Quote:
Originally Posted by TexasParent
So what are you and what in your mind does that mean.
albear is a sweety. Ease up a bit. :)Quote:
Originally Posted by TexasParent
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