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Author: Roy BattyRoy Batty Date: Mar 29, 2008 15:38
Les Cargill cfl.rr.com> wrote: > Not completely, no. Old "A. Loure" was very present on office
> buildings around Montreal between 2002-2003. Big dotcom
> downturn at the time. I considered going through the process to
> work in Canada at the time, but the demand simply wasn't
> really there. Western Canada took a dotcom nosedive, too.
I recall driving to work one day and seeing a Via Rail train in 2001 with a
massive advert on the side for Nortel.
Two days later, the stock dived. From $120 a share to about $1.50 a share!
Scary shit. But I called my broker and bought 1000 shares, they were at
$6.00 by the following Tuesday!
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Author: Siobhan MedeirosSiobhan Medeiros Date: Mar 29, 2008 15:41
On Mar 29, 1:36 pm, Les Cargill cfl.rr.com> wrote:>> On Mar 29, 1:49 pm, "John Galt" bluebottle.com> wrote:>>> "anon" privacy.net> wrote in messagenews:jvvHj.782$lV1.215@trndny06...>
>>>> "Canuck57" unixhome.net> wrote in message
>>>>news:ECtHj.133413$pM4.120298@pd7urf1no...>>>>> "Andy F." tesco.net> wrote in message
>>>>>news:656ugbF2emh15U1@mid.individual.net...>>>>>> I think a better idea would be to have NO lender of last resort.The last
>>>>>> resort should be bankruptcy, just like in any other business.
>>>>> Insightful.
>>>>> If they just let that happen, the problem would have solved itself in 6
>>>>> months.
>>>> the last time they let the problem get so big and then "sort itself out",
>>>> it took more than a decade and a world war to reset the animal spirits.
>>> Uh, the government did NOT sit back and let the Depression sort itself out.
>>> There were many actions taken, most all of them now generally accepted as
>>> having extended the distress.
> ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 15:52
Les Cargill cfl.rr.com> wrote: > We all pretty much get to play the two off each other. Even
> present-day hardcore Socialists assume a healthy industrial
> infrastructure. There's damfools in both camps.
>
> I think that if we ever actually finished the debate over
> what is and is not a public good, half the chattering class would be
> out of work.
>
> So let's don't. This keeps them out of the way...
>
I see Toronto in infrastructer decline, and living downtown (Deer Park, near
Forest Hill) I strongly support anything that can impove it. Taxes in the
416 (Scarborough to Weston) are actaully lower than in most of the 905's.
I'm not tuned in to Mayor Miller and his gang though. However, I suppport
the "Toronto Act", because I've lived in American cities where that form of
taxation exists already. Some residents of US urban areas pay an additional
income tax!
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Author: Canuck57Canuck57 Date: Mar 29, 2008 16:00
"anon" privacy.net> wrote in message news:Z6yHj.802$lV1.276@trndny06...>
> "Canuck57" unixhome.net> wrote in message
> news:biwHj.133945$pM4.79766@pd7urf1no...>>
>> "anon" privacy.net> wrote in message
>> news:VmvHj.8178$oE1.7951@trndny09...>>>
>>> "Canuck57" unixhome.net> wrote in message
>>> news:m3uHj.4522$rd2.242@pd7urf3no...>>>>
>>>> "anon" privacy.net> wrote in message
>>>> news:1PsHj.2069$yd2.532@trndny04...>>>>>
>>>>> "Econotron" hotmail.com> wrote in message
>>>>> news:1OrHj.120$gS1.112@trndny07...>>>>>> I may offer an alternative here.
>>>>>> 1. The market sets interest rate.
>>>>>> 2. No reserve requirements. Deposit insurance is voluntary.
>>>>>> 3. No oversight (well, may be very limited). ...
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Author: John GaltJohn Galt Date: Mar 29, 2008 15:59
> On Mar 29, 1:03 pm, Jerry Kraus yahoo.com> wrote:
>>> On Mar 29, 2:57 pm, forbisga...@ msn.com wrote: >
>>> On Mar 29, 12:46 pm, Jerry Kraus yahoo.com> wrote:
>>> Capital is a necessary part of progress. A hamer is capital.
>>> If you use a hammer to build something you are using capital.
>>> Capital makes labor more efficient. There's nothing wrong with
>>> being a capitalist only with being greedy.>
>> A hammer isn't Capital.
>
> You should learn some economics.
>
>> A hammer is just a tool.
>
> Tools are capital goods. ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 16:02
John Galt bluebottle.com> wrote: > You are defining all criticisms of Capitalism out of existence, by
> claiming that all good things are Capital. This is nonsense.
>
> And, I suspect you know it.
>
He graduated from Queens.
He doesn't.
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Author: John GaltJohn Galt Date: Mar 29, 2008 16:02
msn.com> wrote in message
news:63bab027-9c36-4be0-9dc4-d75486283725@i7g2000prf.googlegroups.com...
On Mar 29, 1:23 pm, "John Galt" bluebottle.com> wrote:
> It should also be said that greed may be a component in all this, but
> rarely
> (IMO) as the *only* motivator.
Hording for security is a pathology brought about by a sick
society. Everyone gets old. Most of us have times when we
aren't produtive for one reason or another. That we find a
need to mitigate this risk tells me there isn't enough care
to go around. We would be better off in the long run if we
would make productive resources available for others to use
when we weren't using them but that will not happen when we
are expected to provide for ourselves even when we can not.
****
Sure. In an economy which is risky and volatile (which is what we currently
have, as opposed to simply risky) one is logically driven to hoard, because
one cannot possibly know "how much is enough", for example.
JG
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Author: Canuck57Canuck57 Date: Mar 29, 2008 16:26
msn.com> wrote in message
news:63bab027-9c36-4be0-9dc4-d75486283725@i7g2000prf.googlegroups.com...
On Mar 29, 1:23 pm, "John Galt" bluebottle.com> wrote:
>Hording for security is a pathology brought about by a sick
>society. Everyone gets old. Most of us have times when we
>aren't produtive for one reason or another. That we find a
>need to mitigate this risk tells me there isn't enough care
>to go around. We would be better off in the long run if we
>would make productive resources available for others to use
>when we weren't using them but that will not happen when we
>are expected to provide for ourselves even when we can not.
If you believe that, on the next economic down turn, good luck. It is also
where the term "save for a rainy day" comes from. Also the 3 pigs story as
kids. Ah, but you will be one of the first whiners looking for someone else
to bail you out.
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Author: Canuck57Canuck57 Date: Mar 29, 2008 16:34
> John Galt:
> "Jerry Kraus" yahoo.com> wrote in message
> news:a2b78e90-cd19-439f-8eb9-e2a5c26cce44@b1g2000hsg.googlegroups.com...
> On Mar 29, 2:33 pm, "John Galt" bluebottle.com> wrote:>> John Galt:"Jerry Kraus" yahoo.com> wrote in message>
>
>> I suspect you're using a novel definition of the word.
>>
>
> Capitalism is a desire to accumulate Capital. Where do you think the
> word comes from? That is the same as Greed. A Capitalist is Greed-
> driven, insofar as he/she is a Capitalist. It's really not very
> complex. Bill Gates is a Capitalist. Warren Buffet is a Capitalist.
> Richard Cheney is a Capitalist.
>
> You can earn a living, without being a Capitalist, if you aren't
> really that interested in money -- Capital -- as an end in itself. If ...
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Author: John GaltJohn Galt Date: Mar 29, 2008 16:33
> On Mar 29, 11:49 am, "John Galt" bluebottle.com> wrote:>> "anon" privacy.net> wrote in
>> messagenews:jvvHj.782$lV1.215@trndny06...
>>>>> "Canuck57" unixhome.net> wrote in message
>>>news:ECtHj.133413$pM4.120298@pd7urf1no...>>
>>
>>>>> I think a better idea would be to have NO lender of last resort.The
>>>>> last
>>>>> resort should be bankruptcy, just like in any other business.
>>
>>>> Insightful.
>>
>>>> If they just let that happen, the problem would have solved itself in
>>>> 6 ...
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