Finance topics

October 29, 2014

Russian Cheese, Anyone? Imports Hard to Replace in Moscow - Bloomberg

Filed under: Finance, management — Tags: , , , — Gogo @ 11:16 pm

Nikolai Borisov, the proprietor of three Italian restaurants in Moscow, has been forced to take Gorgonzola cheese and Parma ham off his menus after President Vladimir Putin banned some food imports in August.

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October 28, 2014

US durable goods fell 1.3 percent in September

Filed under: legal, marketing — Tags: , , , — Gogo @ 8:20 am

WASHINGTON (AP) — Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months. The declines were likely a temporary soft patch for manufacturing that will be followed by a resumption of stronger growth.

The Commerce Department says orders for durable goods retreated 1.3 percent in September after a record 18.3 percent tumble in August. The August drop followed a record 22 on line pay day loans.5 percent increase in July. The wide swings in both months were driven by the volatile aircraft category, which saw orders soar in July only to plunge in August.

A key category that serves as a proxy for business investment fell 1.7 percent in September, the biggest drop since January.

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October 26, 2014

Funeral for Cpl. Nathan Cirillo to be held Tuesday in Hamilton

Filed under: Business, Mortgage — Tags: , , , — Gogo @ 2:56 pm

OTTAWA—Cpl. Nathan Cirillo, the soldier who was fatally shot Wednesday at the National War Memorial, will be laid to rest in a private service on Tuesday.

The funeral service for Cirillo will begin at noon at Christ’s Church Cathedral on James St. N. in Hamilton, his hometown.

Cirillo was shot Wednesday as he stood on sentry duty at the memorial. His attacker, Michael Zehaf-Bibeau, then went to Parliament Hill, where he stormed the main entrance and ran down a hall. He was killed in a volley of gunfire by Mounties and security officers.

Cirillo was a reservist with the Argyll and Sutherland Highlanders of Canada, based in Hamilton.

While the service is restricted to invited guests, members of the public are invited to pay their respects as the funeral procession winds its way through the city.

The procession will begin at the Argyll Commemorative Pavilion at Bayfront Park in Hamilton at 11 a.m. The funeral procession will head south along Bay St. N., east along York Blvd., north along James St. N. to the cathedral.

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October 25, 2014

Ford Motor choosing Mexico over Ontario for engine plant

Filed under: Business, term — Tags: , , , — Gogo @ 12:04 am

Unifor says Ford Motor Co. has decided to build its new engine in Mexico after it was unable to reach a deal with the federal and Ontario governments.

Unifor national president Jerry Dias says the union is disappointed the company and the two levels of government could not reach an agreement after months of talks.

The union says if Ford had decided to build the engine at its plant in Windsor, Ont., it would have secured more than 1,000 jobs and the long-term stability of the factory.

Unifor Local 200, which represents Ford workers in Windsor, is expected to hold a meeting Sunday to explain the decision to its members.

Earlier this month, Ford said it would add 1,000 jobs at its plant in Oakville, Ont. by the end of this year to build the 2015 Ford Edge crossover SUV.

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October 23, 2014

Movember: A Game-Changing Approach to Men

Filed under: Uncategorized, term — Tags: , , , — Gogo @ 6:40 pm

So a couple of Australian mates go into this pub for a few drinks – and then things get fuzzy.

Fuzzy as in reviving the manly art of the moustache, Tom Selleck and Burt Reynolds style.

The two men challenged their friends into joining them and doing it for charity. Thirty guys became more than four million since 2003 when Movember sprouted in Melbourne’s Gypsy Bar.

The movement began with a focus on prostate cancer and, later, testicular cancer, both male exclusive diseases. Eventually, as Movember grew, so did its scope, including mental health as well as physical wellness.

Now the annual moustache-growing month, which last year raised $131.8 million (Canadian) worldwide, is a model of gamechanging fundraising – and it’s exclusively devoted to motivating men to look after themselves.

No coloured ribbons in this masculine effort. Its symbol is a hairy one.

“Our tagline is ‘Changing the face of men’s health,’” says Adam Garone, co-founder and CEO of Movember, from his home in Venice, Calif. “We use the growing of a moustache and the fun of that as a Trojan horse to get men engaged in their health.

“By virtue of getting men to change their appearance, they become walking, talking billboards for men’s health and they become knowledgeable about risks that they face. Because if you try to approach men directly about their health they will switch off.”

Last May, the Movember Foundation announced the Canadian Men’s Health and Wellbeing Innovation Challenge. On Monday, more than $1.5 million in awards were announced to grassroots projects across the country. They will work at, among other efforts, getting incarcerated aboriginal men to design and make toys for children in impoverished communities and launching a mobile socialization workshop for men in remote rural areas.

Several projects have been award in Toronto, including Dr. Mike Evans’ “Beer League Doctor.”

As the Saint Michael’s Hospital-based family physician puts it, “We know that traditional ways of getting at men and health are not very good so I think that we have to go where they are.”

That would explain what can only be described as guys’ locker room consult meets beer commercial approach to discussing everything from arthritis to alcoholism.

A concept like that is not surprising considering Evans’ compelling “educainment” videos on YouTube. There, he’s known as Dr. Mike – and he has scored more than 10 million views with his witty animated lectures on health.

“I play beer league hockey and a guy had a heart attack at one of our games,” says Evans, 50, adding he wasn’t present at the time. “He was young. It was out of the blue. He actually died right there.

“I ended up having so many members of my league email me and ask, ‘Am I going to die? And how do I use that defibrillator if Jimmy in the corner has a heart attack?’ Almost every time I am in the dressing room, somebody goes ‘I am having a colonoscopy’ and the other guys go, ‘Should I be having one?’ So we end up having all these conversations and we kind of hatched this idea of what we call Beer League Doctor.”

The initial target market will be Canada’s 800,000 Beer League hockey players – about 100,000 of whom are women – who play for fun, exercise and, of course, a few rounds after the game with a multimedia offense on men’s medical inertia.

“We will build a website that will be full of different sections that will initially help people be more injury resilient and treat more what I call sports med injuries and then we’ll move more into more men’s health and some women’s health,” Evans explains.

“So you will see me in a locker room and the other players will just Q & A me around embarrassing problems, hemorrhoids or heartburn or erectile dysfunction. We’ll have these impromptu conversations and it will be funny.”

Evans, whose background can best be described as peripatetic, started off as an English major who, after graduation, got into athletics and world travel. He even volunteered for a while with Mother Teresa and later started a business. It was after all that that he went to med school where he met his wife Sue, also a doctor. They have three teenage children who, as Evans laughs, have been awed by their father’s YouTube success.

“I constantly have a whole bunch of different projects going that keep pushing the envelope and I love it,” he says.

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October 22, 2014

Magnotta murder trial hears from tabloid reporter about 2011 cat-killing interview

Filed under: marketing, term — Tags: , , , — Gogo @ 3:44 am

MONTREAL—A journalist from England is testifying today at Luka Rocco Magnotta’s first-degree murder trial.

Alex West is a journalist for the Sun newspaper in London who interviewed Magnotta in December 2011 over allegations the accused posted videos of cat killings.

A recording of the roughly 30-minute exchange between Magnotta and West was heard in court Tuesday.

West’s testimony is key, as the Crown has previously told the jury it will try to prove Magnotta was planning a murder up to six months in advance.

Magnotta is charged with first-degree murder in Jun Lin’s slaying and dismemberment in May 2012.

Videos: Luka Magnotta

Two days after the interview, West and his employer received an email from Magnotta suggesting he was intending to kill a human and film the event in the near future no fax pay day loans.

The email was written under the name John Kilbride, but it referenced a meeting with West, leading the paper to believe it was Magnotta who had authored it.

West says the paper alerted the police about the email.

Magnotta has admitted the physical acts of which he’s accused but has pleaded not guilty by way of mental disorder.

He faces four other charges: criminally harassing Prime Minister Stephen Harper and other members of Parliament; mailing obscene and indecent material; committing an indignity to a body; and publishing obscene materials.

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October 20, 2014

Olivia Chow proposes DineSafe-like grading system for apartment buildings

Filed under: money, online — Tags: , , , — Gogo @ 12:48 pm

Olivia Chow says she would create an easily understandable grading system for apartment buildings, similar to the DineSafe system used for restaurants.

“You can go into a restaurant and see a red or a green sign and you know that restaurant is safe. Right now we do not have such a system for these buildings,” Chow said Monday outside an apartment building in East York. “What we should have is good transparency, so people know whether their buildings are full of deficiencies or in good repair.”

The mayoral candidate said she would introduce a smartphone application that would allow tenants to quickly search for information about a particular building, plus require landlords to post signs on buildings themselves. She called the current system “very, very opaque”: the information is available, but only to people who can find and search a complicated page on the city website.

Chow made the proposal while discussing a package of policies aimed at improving privately owned rental housing, which has been largely ignored during the 10-month campaign. She appeared with local councillor Janet Davis (open Janet Davis’s policard), whom she said “knows everything” about rental issues.

Chow also pledged to increase the frequency of building inspections, take landlords to court if they refuse to meet repair deadlines, and sometimes have the government do the repairs and put the tab on the landlords’ property tax bills. The city has the legal authority to take action, Davis said, but rarely does.

Problems in government-owned Toronto Community Housing have been discussed sporadically during the 10-month campaign, but almost no time has been spent discussing issues in other buildings. Chow, campaigning as a “progressive,” is the only contender with proposals directly aimed at private tenants.

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October 18, 2014

Haldane Says

Filed under: Uncategorized, money — Tags: , , , — Gogo @ 12:20 pm

Bank of England Chief Economist Andrew Haldane said he

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October 17, 2014

China to Broaden Two-Child Policy in 2 Years, Adviser Says - Bloomberg

Filed under: Uncategorized, economics — Tags: , , , — Gogo @ 4:32 am

All Chinese couples will be allowed to have a second child in two years, said a researcher who advises the government on birth control policies.

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October 15, 2014

Canada Goose unveils new Toronto factory

Filed under: Uncategorized, money — Tags: , , , — Gogo @ 4:00 pm

Canada Goose chief executive officer Dani Reiss is always prepared for winter — but not necessarily for a flood.

A burst pipe last April in the front offices of the trendy parka manufacturer’s new factory on Bowie Ave., near Eglinton Ave. W. and Caledonia Rd., delayed the planned official opening until Wednesday, he explained.

Construction on the much larger, 90,000 square-foot factory — which doubles the brand’s previous production capacity from the old site nearby — started in early 2013, and Reiss’ army of garment cutters and sewers moved in earlier this year.

The factory and the popular jackets were fortunately not affected by the water pipe problem, but the front office required months of repairs to get it ready for the public launch, he noted.

“It was a big move for us,” Reiss told reporters as he unveiled the splashy (and dry) Canada Goose showroom and manufacturing centre to reporters.

The company recently hired an additional 200 employees for both the Toronto location and the recent expansion at its Winnipeg production facility.

Reiss said competitors never thought Canada Goose would last because of its insistence on keeping production in Canada since his grandfather founded the company in a small Toronto warehouse in 1957.

Over the last decade, the winter gear maker has increased revenues by 4,000 per cent and sells in 50 countries around the globe.

“It’s a proud Canadian success story with a strong future ahead of it,” said federal finance minister Joe Oliver at the ribbon-cutting ceremony on the shop floor, where workers cheered the launch. The new global headquarters is located in his federal riding of Eglinton-Lawrence.

However, the historic firm is no longer in Canadian hands. New York private equity firm Bain Capital bought a majority stake in Canada Goose for an undisclosed sum last December.

“It’s enabled us to continue on our very aggressive growth path,” Reiss noted.

Bain has previously invested in a number of Canadian companies in their early stages, including Shoppers Drug Mart, Bombardier Recreational Products and BTI Systems.

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