Today, former Citigroup CEO Sandford I. Weill said on CNBC that he thought that investment and retail banking in the US need to be separated as they were before the repeal of Glass-Stegall in 1999. The financial industry is in utter shock over such a suggestion given that in his time at Citigroup Weill helped build … Continue reading
So, after spending yesterday morning (and the past few months) hearing about financial crises in Italy and Spain, I found it interesting to be watching an entertaining Champions League football match in the afternoon between AC Milan and FC Barcelona. Most striking to me was that these two countries that can’t seem to get their … Continue reading
The negotiations between the NBA owners and players are going nowhere. What were supposed to be key talks today yielded absolutely nothing. Players are negotiating contracts to play in countries they hitherto had no idea existed. The general consensus is that the entire season will be lost. The outlook is bleak for the NBA. The … Continue reading
So today it was settled. No more HST. You win Bill. You lose everyone else. But the fundamental question of this entire HST debate, that nobody was asking, was not whether it was the right or wrong policy, but rather why were we having a debate at all? Never in Canadian history has a referendum … Continue reading
I love BC. I was born there. Once I settle down a bit I will live there again. But my time away (travelling last winter, living in Calgary now) has given me some perspective on some of the more ridiculous elements of British Columbian society. I was floored today when I saw a report that … Continue reading