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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (96666)11/20/2012 12:39:52 AM
From: Maurice Winn1 Recommendation  Read Replies (2) | Respond to of 219466
 
Plates move fairly fast. Japan jumped sideways a metre in one go. The San Andreas fault moves along fast enough to make fence lines look odd. Christchurch is getting continual adjustments with a good part of the city destroyed.

The big move in real estate markets will be in 2020 when it dawns on people that the cold is beyond a joke. As snow accumulates, they'll be thinking the Sahara Desert is looking attractive. They will come to understand why Egypt thousands of years ago was the best place to live. Australia should become very attractive too - especially the northern parts.

Northern Europe and Canada will be heading for kilometres of snow stacked on top.

Mqurice

PS: I'll take the crowd of women. Looks like fun.



To: Cogito Ergo Sum who wrote (96666)11/21/2012 10:02:14 PM
From: elmatador  Respond to of 219466
 
Japan's economic bubble burst in the early 1990s. Its 'lost decade' is a historic warning for countries struggling to recover from financial crises. Paul Donovan, global economist at UBS, says there are few signs of Japan's zombie company problem in the eurozone, but warns that Germany's tight discipline is the wrong approach to the continent's travails, and says Europe risks heading down Japan's route. (5m 10sec)

video.ft.com



To: Cogito Ergo Sum who wrote (96666)11/22/2012 6:42:00 AM
From: average joe  Read Replies (2) | Respond to of 219466
 
November 21, 2012

Flaherty nixes Quebec cash demand

By MARK DUNN, Senior National Reporter

Canada's Finance Minister Jim Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa November 20, 2012. (Reuters/CHRIS WATTIE)

OTTAWA - Finance Minister Jim Flaherty has dismissed demands by the separatist government in Quebec to flush more federal cash into the province.

Quebec will have to make do with the billions it already receives - just like the rest of the federation - Flaherty said Wednesday.

The minority Parti Quebecois government of Pauline Marois used a budget Tuesday to suggest the feds are short-changing the province by $15 billion - including $8 billion in health transfers and about $6.6 billion in equalization.

When asked if he was open to shovelling more cash into Quebec, which subsidizes post-secondary education and day care at cost of billions, Flaherty said the province gets more money today than any time in history.

"Transfers to the provinces, including Quebec, are at record levels under the government of Prime Minister Harper," he said. "They've never been higher in the history of the country."

The federal government spends about $30 billion a year through the Canada Health Transfer and another $12 billion through the Canada Social Transfer.

And there's the matter of equalization, which is separate from transfers.

Quebec has come under criticism for being the biggest beneficiary of equalization over the last five decades and never being a net contributor.

Of the $510 billion splashed across the country since 1957, Quebec has received $253 billion and has contributed $107 billion, a QMI Agency probe uncovered this year.

In 2012-13, the government is doling out about $15 billion in equalization, including $7.4 billion for Quebec. Quebec will contribute $2.9 billion.

Quebec Finance Minister Nicolas Marceau said his province would be in better financial shape if it separated from Canada.

Mark.Dunn@sunmedia.ca

Twitter:MarkDunnSun

cnews.canoe.ca