A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (195)	1/15/2003 4:20:49 PM
From: philv	Read Replies (1) of 1210

My location: Jim, I live on Vancouver Island. B.C.s economy is in deep doo doo. The govt. has been trying to manage by privitization and severe cut-backs in services as well as increases in individual service fees. The economy is largely resource based (forestry is single biggest), and companies are profitless. Many shutdowns & resultant unemployment is high especially outside the Vancouver area. The government is pledged to balance the budget, and will probably have to increase taxes. Like Wash. State, the economy took a big hit during the Asian melt-down and that market still hasn't recovered. Real estate prices and construction were also negatively affected. Exports of nat. gas and electricity have also taken a hit since the all-time high during the Calif. electrical debacle. The province made about $billion profit two years ago in that sector. All in all, it is a scary time, as Canada's exports to the US amounts to 80% of the total. That is why we watch closely what happens in the US. When the scheisse hits the fan down there, we are going to wear it here too. Phil

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