A Money Coach in Canada

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1. Steve Jobs is dead. A light went out folks.  A light went out.

2. #OccupyWallStreet If you’re not keeping informed about what’s going down in the heart of the financial district, you probably should be. You won’t find much about it in mainstream media (any guesses why) but I’m pretty sure this is history in the making. While there is no one “key message” (which would be a contradiction in terms for the protesters), they do coalesce around these common themes:

  • citizens should be at the heart of public policy, not money
  • corporate money should not have nearly the influence it has
  • a call for society to re-order itself to close the gap between the rich and poor

This protester spoke eloquently to Fox News (and the interview was never aired):

3. And the IMF had some things to say about Canada’s real estate market as had Mark Carney (Governor, Bank of Canada) housing market back in June. Worth the read.

Well for one thing, Wall Street is being occupied by kids and hoodlums and professors and average joes AND the founder of AdBusters (where I used to volunteer — don’t tase me bro!).  The cause?  Putting people at the centre of politics and policy instead of corporate interests.  Psssst – you won’t hear much about this on mainstream media, but you can get live-action coverage here and here:

Keith Olbermann Covers Occupy Wall Street Protests Media Blackout from Blind Mice News on Vimeo.

Meg Whitman, as in Made E-Bay What It Is Was Meg Whitman, yes that one, is now head of HP No offence gentleman but big WOOHOOOOO for a woman being at the top of a tech company.

Netflix pissed off its customer base (as in, 1,000,000 cancelled their subscriptions level of pissed off) more by their apology than their original offence. Funny side story – their new spinoff company, christened Qwikster, failed to account for the pot-smokin’, foul-mouthed, wanna-get-laid dude who has the Qwikster twitter handle. Poor guy woke up to find he had 12,000 followers instead of 69.

oh. and our stocks have gone to hell.

1. It was a really bad day for our investments.
Well you probably don’t need ME to tell you this, but today was a really, really, really, really lousy day for your investments. And mine. Worst day since December 2008, in fact. And GUESS WHOSE FUNDS ARE TIED UP RIGHT NOW so she can’t buy? Although as one guy commiserated, “don’t worry. We haven’t hit bottom yet”. Steve Jobs and I are hurting together: our Apple stock dropped from $391 on Tuesday to $377 today.

2. GM’s profits increased by — are you sitting down?? — a freakishly incredible 89% last quarter compared to the same time last year. Did I mention MY FUNDS ARE TIED UP RIGHT NOW?

3. The Japanese Yen, like our Cdn. Dollar, has been increasing in value compared to the US Dollar (as it weakens) so today they deliberately intervened to weaken it (basically by flooding the market with yen). They did this because they want other countries to keep buying Japanese goods, without it becoming cost prohibitive – the tsunami wasn’t that long ago (seems like it though, eh?) and they need to keep getting their economy back on track.

4. And -quick! – take a look at your diamond. Was it extracted fairly? Or, god forbid, a blood diamond? I just heard about this company which uses only fair trade gems. That’s of particular interest to me as a northerner. Diamonds are mined up here and if you can get one of ours, you can be assured of the conditions under which it was extracted from the earth. I hope the business owner sources from the NWT!