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  1. K

    The case for commodity currencies. Central banks adding CAD + AUD

    http://www.bloomberg.com/news/2010-06-21/central-banks-show-euro-losing-reserve-currency-status-with-loonie-gaining.html Central banks diversifying out of USD, EUR, JPY, and into CAD and AUD. As the article mentions, CAD and AUD aren't liquid enough to become a major part of reserves, but...
  2. K

    Long-term jobless in Calif. tops 900,000

    Retraining and/or moving is a burden and can be expensive, no doubt. But what is the alternative? Stay where you are, barely scraping by, waiting for some miracle to happen. Bitch about why the government isn't creating jobs for you. Be upset that you can no longer make the kind of money you...
  3. K

    Long-term jobless in Calif. tops 900,000

    Of course the older generation will have a more difficult time adapting. They have been doing certain jobs for certain compensation for a long time and will obviously find it tough to change. But that's also part of the survival of the fittest idea. Those 50+ people who are able to adapt to...
  4. K

    Long-term jobless in Calif. tops 900,000

    You are right, for many relocation and/or retraining is not a viable solution, for various reasons. For those people I have sympathy. But in reality many could get jobs if they would educate/retrain their skills and/or move to another area where jobs are available. Retraining scam...
  5. K

    Long-term jobless in Calif. tops 900,000

    That's up to whoever is looking for a job to find out. There is always demand in some area. Even if it means low wages in a crummy job, there are jobs out there somewhere.
  6. K

    Long-term jobless in Calif. tops 900,000

    This is part of it. You can't just get re-trained in something that seems fun or something you want to do. If you want to be assured a job, get re-trained in an area where jobs are in demand.
  7. K

    U.K. Prepares For Deep Budget Cuts

    Yikes. 50% capital gains tax, 50% income tax, 20% VAT.
  8. K

    Long-term jobless in Calif. tops 900,000

    Survival of the fittest. Adapt or die. Can't find a job in a certain industry? Get retrained in something else. Can't find a job in California? Move to another state.
  9. K

    Canada Q1 growth most in a decade - 6.1% - 2x USA growth

    http://www.bloomberg.com/news/2010-06-21/flaherty-and-finance-ministry-survey-say-canada-s-outlook-has-improved.html Flaherty and Finance Ministry Survey Say Canada's Outlook Has Improved "...the country’s nominal gross domestic product will be higher than projected in the budget over...
  10. K

    Germany Rejects Obama’s Call on Growth

    If only there were some form of government that didn't need to worry about those pesky elections. Some form of government that could stay in power for long periods of time! Yeah, then we'd see some real progress, I'm sure of it! :D
  11. K

    Germany Rejects Obama’s Call on Growth

    What do you mean? According to the EU halving it is the BARE MINIMUM! :D
  12. K

    Stephen Hawking - Into the Universe

    http://www.thestar.com/news/ontario/article/826253--stephen-hawking-expecting-great-things-at-waterloo?bn=1 Stephen Hawking expecting great things at Waterloo, Ontario.
  13. K

    Russia more pro-market than USA, EU?

    Medvedev also recently said Russia is not interested in investment in stocks and the capital markets. Only infrastructure investments...
  14. K

    Another day, another record high in gold.

    Didn't you get the memo? Any asset that increases in value is clearly a bubble! :D
  15. K

    Obama to G20: USA to halve deficit by 2013

    Really puts things into perspective, doesn't it?
  16. K

    Obama to G20: USA to halve deficit by 2013

    They must all be laughing at him right now, for a number of reasons. 1. In a letter stressing the importance of not withdrawing stimulus, he is talking about USA deficit reduction. 2. Even if he was able to acheive this lofty goal, which he won't, it still leaves the USA with a...
  17. K

    World military spending in 2009 = $1.53 trillion. USA share = 43%

    http://www.marketwatch.com/story/military-spending-rose-to-153-trillion-in-2009-2010-06-18?siteid=yhoof2 Not even recessions can slow military spending. Which defense company do you currently own?
  18. K

    Official 2010 World Cup ET Headquarters

    Soccer noob question: Who makes it on after the first round? Is it the top team in each group? Is there a wild card system like the NFL?
  19. K

    How does Buffett do it?

    ............ :confused:
  20. K

    Alberta scientists discover largest bed of dinosaur bones

    http://www.theglobeandmail.com/news/technology/science/alberta-scientists-discover-largest-bed-of-dinosaur-bones/article1608423/ Interesting article on a new dinosaur bone discovery in Alberta.
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