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Do I get my CPC card revoked if I say I am Intrigued by this idea?

CTV

With all the new initiatives on Prime Minister Justin Trudeau’s plate – bringing 25,000 Syrian immigrants to Canada, legalizing marijuana, setting up an inquiry into missing and murdered aboriginal women – how about an easy win, like giving every Canadian adult $15,000 a year?

Don’t laugh. It’s something Finland’s government is seriously considering as a way to reduce poverty and unemployment in that country.

According to CNN Money, Finland is looking to give every adult Finn a monthly stipend of 800 euros (which works out to about $1200 Canadian) as a replacement to existing state benefits. So, this would replace welfare, employment insurance, child tax benefits – anything that we may be currently receiving. Instead, we’ll each get a flat cheque from the federal government each month.

The logic behind the idea is that the current welfare system in Finland is extremely complicated and expensive to maintain, and removing all the infrastructure required to maintain state benefits would result in a massive savings for the country.

And they believe it would encourage people currently living on government benefits like welfare to look for work, because many currently make more on welfare than they would taking a low- or minimum-wage job. With the stable, monthly cheque coming in, they would be more inclined to take low-paying jobs to improve their incomes without the penalty of losing their benefits.

As for wealthiest people receiving the cheques, they would pay most of the stipend back in taxes.

It’s a scenario that sounds eerily familiar to Canada. Our welfare system has been described as “a box with a tight lid” by former chief economist Don Drummond because people must become destitute before they qualify, and once in the system, there’s little motivation to get out of it. “You have no means to absorb setbacks in income or unexpected costs,” Drummond said. “You can’t afford to move to where jobs might be or upgrade your skills.”

Each year the Canadian government pays out over $11 billion a year in social assistance, and the bureaucracy required to maintain social programs like welfare and employment insurance cost millions each year. Replacing these costs for a small, centralized department focused on issuing monthly cheques would represent a huge savings for the government.

Between 1974 and 1979, Canada experimented with a similar project in the city of Dauphin, Man., in which the social programs were removed and the city’s poorest people were given cheques to boost their incomes to a livable wage. In five years, poverty in the city was completely eliminated and unemployment levels disappeared. Unfortunately, Joe Clark’s Conservatives eliminated the test program when they took office.

Finland continues to carefully examine the idea, with a finalized proposal expected for 2016 and a pilot program slated for 2017. In the pilot program, some people will receive 550 Euros ($813 CAN) while maintaining some of their existing benefits, like housing allowances.

According to CNN, 69 per cent of Finns are in favour of the system.

It’s a program Canada would be wise to monitor closely.

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Wont take long before we must start a Provincial Election thread.  I bet there will be far more consensus on that one than the Federal election.

 

Interesting article from the Sun about the proposed St Norbert by-pass (I live in the area so Im very intrigued by this):

 

Bypassing the truth St. Norbert mega-project is mega-problematic
1297160837922_AUTHOR_PHOTO.jpg?quality=8
By Tom Brodbeck, Winnipeg Sun

First posted:

Thursday, December 10, 2015 04:32 PM CST

| Updated:

Thursday, December 10, 2015 05:00 PM CST1297782315322_ORIGINAL.jpg?quality=80&si

 

 

Infrastructure Minister Steve Ashton announced plans on Thursday to build a $400-million bypass around St. Norbert.

 

That's funny. The Selinger government has neither the money nor the credit left to build much of anything these days. But that won't stop them from making many more of these mega-project announcements between now and the April 19 provincial election as they attempt every last trick in the book to stave off near certain defeat at the polls.

 

The actual "government announcements" have to stop by Jan. 20 under the province's election law black-out period.

 

Governments aren't allowed to "advertise or publish any information about its programs or activities," 90 days prior to voting day, under the Election Financing Act.

But with an election period starting as early as mid-March, the NDP — like all political parties — will be able to make whatever election promises it wants, as long as the politicians making them aren't doing so on behalf of government.

 

The St. Norbert bypass announcement was de facto an election promise. Officially it was a government announcement. But because the proposed project is so far off in the future — they haven't even started the design phase — and because government has no money to pay for it, it falls squarely in the election pledge category.

 

Officially, the NDP says the $400-million bypass is part of its eight-year, $10-billion infrastructure spending plan (they recently extended it from a five-year, $5.5-billion plan).

 

But they don't really say where most of this money would come from.

 

They claim it comes largely from the extra point on the PST, which generates close to $300 million a year in additional revenue. But that money goes into general revenues. Most of the money used to pay for infrastructure projects is borrowed money. So the question becomes, how much more can the government borrow to pay for mega-projects like the St. Norbert bypass before it faces multiple credit rating downgrades?

 

The more downgrades the province gets, the more expensive it is to borrow and the fewer options it has on where to borrow from. It becomes a downward spiral that isn't easy for governments to escape from. Which is why they should avoid it in the first place.

 

The Selinger government was already the subject of one credit rating downgrade in July and the recipient of a warning from another bond rating agency in August. It has nearly doubled its net debt over the past eight years to $20.4 billion (which doesn't include Manitoba Hydro debt) and increased its debt-to-GDP ratio every year since 2007 to 30.9%. Manitoba Finance projects that ratio will continue to climb in the foreseeable future under the current rate of borrowing.

 

In other words, the government is broke. They're running half-billion dollar annual deficits and they're racking up well over $1 billion a year in new debt from overspending and from financing new capital projects.

 

So no, there is no money for projects like a St. Norbert bypass and there won't be until government cleans up its finances and starts getting its spending under control.

 

If anything, the more the Selinger government announces, the more likely it is that taxes would have to rise — another PST hike or some other tax increase — to pay for the interest costs on the new capital spending, in addition to any new spending in the operating budget they promise.

 

This is where governments end up when they live beyond their means for multiple years.

 

Eventually, it catches up to them. And taxpayers are left with a massive financial mess.

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MTS has likely moved to the top of the pile of acquisition material at some Bay Street corporate finance departments.

That happened when MTS announced the $425-million sale of Allstream to Colorado-based Zayo Group Holdings last month.

 

The deal is not scheduled to close until the first quarter of 2016. In the meantime, MTS is in the middle of a strategic makeover to become a more customer-focused operation under CEO Jay Forbes and his new, personally appointed executive team.

 

While that process does include trimming staff -- something companies do to prepare for a sale -- selling the firm is not management's focus.

 

"As evidenced by our recent launch of our transformation strategy, we are fully focused on creating a customer-first MTS that is capable of generating an additional $100 million in free cash flow over the next three years," spokesman Andrew Parkinson said.

 

But it will continue to be part of the corporate narrative in the MTS management suite that MTS is a takeover target by one of the big three telcos in Canada at any given time.

 

Forbes made no attempt to pretend otherwise, saying on the day of the Zayo deal, "If anything, I would expect this announcement of an Allstream sale will fuel additional rumours around the potential sale of MTS."

 

In a new report, ostensibly tied to Bell Canada Enterprises' (BCE) $862-million bought deal, Canaccord Genuity's telco analyst Aravinda Galappatthige, made the case that out of the big three -- BCE, Telus and Rogers -- BCE is most likely to buy MTS.

 

He ruled out a Rogers deal primarily because it would leave Rogers with such huge control of the wireless market in Manitoba -- 84 per cent -- it likely wouldn't pass muster with the Competition Bureau.

 

(Wireless market share in Manitoba was always a trade secret, but recently MTS published information noting it holds 53 per cent of the lucrative wireless space, which is the source of most of the sector's growth.)

 

Galappatthige said Telus is more inclined to acquire higher growth verticals such as health care.

 

While consumers might think of complementary services or scalability when it comes to mergers and acquisitions, the corporate finance folks tend to look at the bottom line.

 

In the case of BCE buying MTS, Galappatthige says with $75 million worth of synergies (job cuts) BCE could potentially derive adequate additional free cash flow out of the deal.

 

As a purchase price, Galappatthige is suggesting a 12 per cent premium to the current share price -- which some analysts believe already includes a bump up acknowledging the company is in play.

 

His analysis is about how much additional free cash flow per share could be generated for BCE shareholders.

 

He also attempts to read the tea leaves in the context of a new government in Ottawa. True to its ideological roots, the Harper government supported additional competition in the marketplace, especially in the telecommunications space. Galappatthige suggests, "With the change in government, one expects potentially a more flexible stance on the matter."

 

But that only goes so far. For instance, were BCE or Telus to acquire MTS it is not tough to imagine they might buy more servers and load up MTS's back-office operations onto the purchaser's network. Cutting operations would not sit well.

 

Galappatthige said, "We wonder, however, about the ability to extract that much in savings, particularly given the likelihood of some regional push back against substantial layoffs over and above MTS' previously announced head-count reductions of six to eight per cent."

He dismisses an imminent sale.

 

"Considering our belief that Telus is uninterested or less interested in the asset, BCE is essentially the only real suitor," Galappatthige wrote.

That means BCE can wait for a better price, and Forbes and his team have more time to thwart that dynamic by stimulating better results from its new commitment to customers.

 

martin.cash@freepress.mb.ca

Republished from the Winnipeg Free Press print edition December 15, 2015 B6

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I wouldn't trust Robinson as far as I can throw him. Then again, I'm just a do good white person.

Manitoba's Progressive Conservatives say they may ask the elections watchdog to investigate an alleged deal between a Manitoba chief and NDP minister Eric Robinson.

Robinson denies accusation he made promise for support for Selinger

The chief of Opaskwayak Cree Nation (OCN) says aboriginal and northern affairs minister Eric Robinson asked his band to support Premier Greg Selinger in the election, in exchange for support for a Bipole III contract.

'It does certainly cast a very deep and wide ethical cloud over the government.'

- PC MLA Kelvin Goertzen

OCN Chief Michael Constant made the allegations in a letter he sent Robinson in April. Robinson denies the deal was made and says Constant was motivated by the fact that his bid on the more than $300 million contract had failed.

PC MLA Kelvin Goertzen said the allegations are "disturbing".

"I don't think it's enough to simply have a denial," Goertzen said. "We know that there were other people in the room who were saying exactly the opposite. So clearly something happened that people aren't agreeing upon and it might take a further investigation to determine exactly what happened and to see whether or not there were breaches of elections laws but it does certainly cast a very deep and wide ethical cloud over the government."

Goertzen said Robinson may have breached section 178 of The Elections Act which states "a person who, directly or indirectly, offers a bribe to induce or influence another person" to vote for a particular candidate is guilty of an offence.

The PCs say they want to review the case more before submitting a formal request for Manitoba's Commissioner of Elections to investigate.

Commissioner Bill Bowles said he doesn't confirm whether his office receives complaints or whether investigations are underway.

Pattern of 'dirty tricks', says Tory

Goertzen said the alleged February 19 deal came during a time when Selinger and his supporters were trying to secure as much support as possible for the March 8 NDP leadership election.

Robinson supported Selinger in the race that the premier called after a revolt from NDP cabinet ministers who questioned his ability to lead the NDP.

Goertzen pointed to an allegation from around that time when Selinger supporter Rosann Wowchuk was accused of voter interference and intimidation in Swan River.

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Anyone who has been to Las Vegas can attest to the swarms of people walking up and down the strip.  This is just crazy.

 

(CNN)[Breaking news update, 1:38 p.m. ET]

The woman who drove her car onto a sidewalk along the Las Vegas Strip, killing one person and injuring 37 others, has been identified as 24-year-old Lakeisha N. Holloway, Las Vegas Metropolitan Police Department Sheriff Joe Lombardo said.

Prosecutors will initially file a single charge of murder with a deadly weapon against Holloway, District Attorney Steven Wolfson said. Additional charges are possible, including multiple counts of attempted murder with a deadly weapon, leaving the scene of an accident and child abuse/neglect, Wolfson said.

One of the hospitals that treated the injured, University Medical Center, said that of the 15 patients who arrived, one died, two were discharged, three are in critical condition and nine are in serious condition. Of the patients at this hospital, five are Canadians, University Medical Center spokeswoman Danita Cohen said.

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  • 2 weeks later...

A Scottish man whose penis was torn off in a childhood accident plans to lose his virginity to a dominatrix who has volunteered her services for free.

Mohammed Abad, 43, from Edinburgh, recently underwent Britain's first bionic penis implant.

After a period of healing, he's now allowed to use his new manhood.

Watch a video from the ITV talk show This Morning with Philip and Holly where Abad discusses how his implant works. Warning! The content may be graphic for some readers. 

 

London-area sex worker, therapist and advocate Charlotte Rose has agreed to take his virginity, the pair told the U.K. Daily Record.

"I have waited long enough for this -- it'll be a great start to the new year," Abad told the Daily Record. "My penis is working perfectly now so I just want to do it."

Rose learned about Abad's plight after he was featured on the British TV show Embarrassing Bodies.

Rose recently appeared on Love for Sale - a TV documentary series on prostitution, hosted by British actor Rupert Everett.

 

"I am so honoured that he chose me to take his virginity," Rose told the newspaper.

"We plan to have a dinner date so we can get to know each other and then two hours of private time. I'm not charging him."

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  • 1 month later...
1 hour ago, The Unknown Poster said:

River City Sports is having major financial problems.

River City Sports to close the Kildonan Place, St Vital Stores and the 2 stores in Saskatchewan.
River City Sports will keep the Polo Park location open and move back to its old location on Henderson Hwy. The online division will still operate.

I'm curious to see why exactly they have done such a downward spiral?   Maybe the Ikea location mistake crippled them to a point where they are in a huge hole?

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1 minute ago, Brandon said:

I'm curious to see why exactly they have done such a downward spiral?   Maybe the Ikea location mistake crippled them to a point where they are in a huge hole?

Apparently that was it.  A ton of money spend on the Ikea location.  If I recall, they owe about $6.8M.  So its not impossible to come back from.

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  • 2 weeks later...
  • 2 weeks later...
47 minutes ago, FrostyWinnipeg said:

This could be monstrous news if there is any DNA on that knife...

The Los Angeles Police Department on Friday confirmed the existence of a knife found years ago on the Brentwood property that once belonged to former NFL great O.J. Simpson, who in 1995 was acquitted in the stabbing death of ex-wife Nicole Brown Simpson and friend Ron Goldman.

TMZ, which first reported news of the knife’s existence early Friday morning, says the knife was discovered by a construction worker at the former Simpson property at some point in the past, anywhere from several years ago to 1998, when the house was demolished by its next owner. The construction worker gave the knife to an off-duty LAPD officer who was working security at the house across the street. The officer then kept possession of it for years.

Upon his retirement earlier this year, the officer asked a fellow cop for the case number of the Simpson murder investigation so he could have it engraved on the knife. The other officer told his superiors, who demanded that the knife be turned over to them, according to TMZ. After obtaining the knife, the LAPD began testing it for hair, fingerprints, DNA and other biological evidence in an investigation TMZ describes as “top secret.”

No weapon was introduced as evidence during Simpson’s murder trial.

LAPD Capt. Andrew Neiman confirmed to NBC4 in Los Angeles that a knife was found on the property and that the department is investigating the TMZ report.

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5 minutes ago, FrostyWinnipeg said:

Well OJ cant be retried but for any doubters it can only mean one thing - Furhman did a lousy job at hiding the knife at OJ's.

That's the irony.  If its the murder weapon and there is DNA on it and its been at OJ's this entire time, it means the cops doing the search did a lousy job.  It also means one theory of the case, that OJ took the weapon to Chicago with him to dispose of, is untrue.  And that seemed like a weird thing for someone to do anyway.  Who knows, could just a knife with no connection.  But man, if there is any DNA on it....

Even if it could be used against him, there are issues of chain of custody.  I believe the only penalty left for OJ is a potential wrongful death lawsuit from Nicole's children, who are very unlikely to ever do that.

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