Gimme…Gimme…Gimme
- Category: Reality Check
- Hits: 1708
User Rating: 0 / 5
A couple of days back there were huge demonstrations in UK (about 250.000 people) against “austerity” measures. If you are interested, you can read about them in the The Guardian – UK in an article that they titled “UK anti-austerity demonstrations”. That was news. This is analysis. We are not actually interested in what happened but what triggered this happening and what is the current state of mind in UK.…
Energy Subsidies Are Evil…The IMF Says So - Part 2 of 2
- Category: Energy
- Hits: 27593
User Rating: 0 / 5
EFFICIENT PRICING OUR COLLECTIVE DERRIER!
Then we have the issue of "efficient pricing". This is yet another insult to your intelligence and, more importantly, to your pocket. Let's take a look in further detail.
Efficient pricing
It is defined by the IMF as:
- Cost of supplying the product to the consumer
- A "corrective" tax reflecting environmental costs
- A consumption tax
And the question is why?
The cost of supplying the…
Energy Subsidies Are Evil…The IMF Says So - Part 1 of 2
- Category: Energy
- Hits: 28099
User Rating: 0 / 5
A few days back the IMF (International Monetary Fund) released a document called "How Large Are Global Energy Subsidies?" which is a nice title for a political piece destined to demonize fossil fuel subsidies throughout the world.
LET'S CLARIFY
Yes, the IMF is recommending cancelling large subsidies. As you can imagine, the concept of an international organization proposing such cancellations, the goal of such organization being to lend money…
The Black Plague Will Be Back!
- Category: Asia
- Hits: 1812
User Rating: 0 / 5
Today we are going to take a quick look at the impending death of most of humanity. No, it's not a joke, it is a definitive possibility. It so happens that up to very recently (1928) antibiotics did not exist. What are antibiotics? They are chemical substances that when taken internally (i.e. ingested or injected) they are deadly to bacteria (not viruses) but (mostly) harmless to us.
Up to…
About Rats And Lifeboats - EU Bankers Betraying Customers
- Category: Banks & Banking
- Hits: 1892
User Rating: 0 / 5
Although we are far from a news organization, once in a while on rare occasions we got a tidbit of information that is fresh and the blogosphere hasn't yet caught. Today is one of those days. We have written about the impending doom that awaits all those suckers who still believe in banking secrecy and personal property. We have warned you in our articles This Is The End, A Big…
Cheaters, Liars and Politicians
- Category: Deficits
- Hits: 6519
User Rating: 0 / 5
We have explained in multiple occasions that politicians need to spend in order to stay in power. Unfortunately for them and since the 2008 debacle, people are looking far closely at how their tax money is spent. The fetish du jour is "budget balancing" because there is this idiotic notion that balanced budgets will lead to lower deficits, which is downright stupid (see The Cure For Deficits). This is in…
The Highway From Hell - Part 3of 3
- Category: Property
- Hits: 6270
User Rating: 0 / 5
ARE WE THERE YET?
Seriously? You should know better than ask such silly questions by now. It so happens that 40% of the Consortium shares are owned by… the Canada Pension Plan Investment Board (CPPIB)!!! That's right! The government of Canada owns 40% of the 407ETR and this requires a comment. In Canada there is something called the Canada Pension Plan to which all income-earners must forcefully pay into. Eventually,…
The Highway From Hell - Part 2 of 3
- Category: Property
- Hits: 7336
User Rating: 0 / 5
ARE WE THERE YET?
But there must be some sort of limitation, right? Well, until 2013 and 2014 you were out of luck. There was no debt limitation period. The 407ETR was the only company, heck! the only organization in the province of Ontario (and probably in the world) where their debtor's debts never expired! But not to worry because justice is here. In 2013 a judge declared that expiration…
The Highway From Hell - Part 1 of 3
- Category: Property
- Hits: 6992
User Rating: 0 / 5
Today's topic originated in an e-mail we recently received. The contents of the letter were, in essence, a horror story. Unfortunately, we don't tend to do horror stories unless they have an underlying root cause that shows a general behaviour. Strange things do happen by coincidence far often than what it is believed. In statistics they are called outliers and typically they represent the unusual, not the standard. It is…
