Site issues

Regular readers probably noticed that this site was gone yesterday.  Well, we’re back for now.  We had a flood of connections that overwhelmed the server and a potential issue with the comment rating script.  For now I’ve had to disable the rating feature and I’ve blocked connections from an IP that was doing most of the flooding.  If you’re connecting from cipherkey and not intentionally flooding the site, get in touch and we’ll work out the issue.  You’ll know if your IP has been blocked because instead of seeing this site you’ll see this.

And for the rest of you, welcome back!

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Lilypad

The links work if you copy and paste the whole address.

Sorry Pope. At this point in time it is useful to have the downtickers! :)))))

Lilypad

Ok, try this one and click on interactive chart:

http://ca.finance.yahoo.com/q/bc?s=^GSPTSE&t=…

Lilypad
Lilypad

Compare with TSX:

http://ca.finance.yahoo.com/charts?s=^GSPTSE#char…

Lilypad

Check out the drop in the Shanghai Composite Index.

http://www.minyanville.com/articles/index-markets

http://ca.finance.yahoo.com/charts?s=000001.SS#ch

Can anyone say double you trouble?

Van Man

7. And last, but by no means least: BC was far less dependent on RE and consumer spending than now. In other words, it was an export economy, not the Ponzi scheme we have today. I wouldn't say BC is far less dependent on RE and consumer spending than now. BC's history has been dependent of some sort to immigration, even as early as in the 1900s. People like the weather in BC and what you are hearing today (BC is a great place to stay) is the same rhetoric you heard in the 70s, 80s as well as the 1900s. It was once an export economy, but today like any country who suffered from this credit crisis, we are NOT manufacturing things like we used to. Thanks to technology, we merely consume or trade them and I don't see… Read more »

Van Man

BC's real estate boom and the bust history is quite fascinating. Go and visit the Vancouver Museum sometime and peruse their Vancouver history section and you'll see that RE boom and bust in BC can be traced back to the 1900s, especially in 1907 and 1913. A real estate advertisement telling people to buy homes with "easy" credit"! Well yes, anyone can afford a home — that's in the 1900s! One lady bought a house for around $1723 and sold it for around $17250 a few years later before the crash (can't remember the exact figures but close). Is it shocking to see home prices today went up so high? When the 1913 crash came, BC home prices did not rise to its former glory until the 1950s! CPR's Hotel Vancouver was left unfinished for almost a decade. If history… Read more »

patriotz

http://www.theglobeandmail.com/news/national/brit… Even without a fall back into outright recession, British Columbia is entering a decade of austerity, as the government tries to shake off the effects of the downturn of this year and last. By almost any measure – consumer spending, corporate profits, natural resources revenue – the recovery will be slower than the province was projecting in the spring. And that means years of fiscal restraint in British Columbia, which will rack up four consecutive deficits, finally moving back to surplus territory in 2013. Well so much for the "golden decade". Isn't it amazing how politicians develop 20/20 vision once the election is out of the way? Does any of this sound familiar? Well yes, it's rather like what we heard under Bill "Restraint" Bennett in the early 1980's. But consider this, folks: 1. The 80's had falling interest… Read more »

patriotz

From Mish's post: http://globaleconomicanalysis.blogspot.com/2009/0… Perhaps banks are in better shape but that does not mean they are in good shape. But the real reason we can say Canadian housing is in a bubble is the same reason the US was in an identifiable bubble: Home prices are standard deviations above rental prices and wages. That may not be true of every city Canada (it was not true in places like Danville, Illinois either), but judging from housing prices in Toronto, Vancouver, etc, it is crystal clear Canada is in trouble. Mish is right about Canada for the same reason he and a number of other people were right about the US. The numbers speak for themselves. And it's what I have been saying myself all along. If price/income and price/rent are out of whack with normal values, you have a… Read more »

buff_butler

I actually kind of like it without the comment ratings system. Some people get kind of emotional over the ratings and real estate is already an emotional topic.

Anonymoose

"$20,000 CASH and the authorities aren’t suspicious?

I thought there was a disclosure requiremnt for $10,000+

How did this get through security?

One can’t make an electronic transfer from China to the student’s account in BC?

How common is this amongst this demographic group?"

Using your intelligence and your critical faculties in this logical manner is racist. Please report for reprogramming.

Mark Downs

Anonymus: Highlighting popular comments is a blow to free speech?!?

Anonymus

For now I’ve had to disable the rating feature

——————————–

Very well. Long overdue. Looks like free speech has another chance..

Anonymous

6 money lessons of the Great Recession

Never accept what you hear at face value — ask questions, do your homework and make sure your interests are protected.

NO -LYMPICS

To Colin Hansen:

Finance Minister

2 anecdotes:

Family members live in a condo.

One neighbour is in the "window accessory business"

They made a deal to accessorize 3 windows with brand new product AND installed .

ALL CASH, NO tax

In the elevator is a printed letter for all to see.

A painter will paint your front door frame

" $20 ….. CASH".

It appears many will be taking up the offer.

======

There is at least one economy( as old as history itself ) that is thriving and likely to grow, maybe exponentially.

Morons

realpaul

I just said that the games were internationally unpopular ( virtually unknown for the most part) but BCTV news just reported that there is also a derth of interest amongst locals to volunteer. Bwahahhahahahahahaa ! When they first started out the Olympic committee's were 'screening ' people as if the person who was attempting to sign up wasn't up to their high standars. Now, they begging for volunteers and will take anyone who'll show up. I know they had to redraw the opening ceremony dance number because the call for 3500 dancers wasn't answered. No one showed up. Bwhahahahahaha. Apparently the Ballet companies were busy and the applicants who were first rejected weren't going to grovel. The 'volunteers' manning the gates apparently are all government paid emplyees hidden behind a 'workshare' program subsidized by the taxpayer. Why don't they just… Read more »

realpaul

NO -LYMPICS: First, WTF is a crown corporation doing sponsoring an Olympics. Isn't that double taxation. Wasn't the original mandate of ICBC to be 'revenue neutral' to the public? Why isn't the taxpayer getting those dollars back in lower premiums instead of blowing it on sponsorships? The idea of a corpoaration sponsoring an event like this is to advertise its services so as to make money through the advertisind spinoffs. ICBC is a fucking monoploy which already has 100% of the market it is mandated by legislation to service. Is ICBC a 'world class' corporation all of a sudden? This is outrageous waste of the taxpayers dollars !!!!!! Shame beyond shame. I see that BC hydro is also an OLympic cash cow. BC Hydro just announced that they will increase utilities charges 11% next year for all applications. Fucking unbelievable… Read more »

NO -LYMPICS

ICBC is an "official supporter" of the Olympics, with a $15-million sponsorship deal with 2010. The deal makes ICBC the insurer for 4,500 vehicles needed for the 2010 fleet before and during the Games. ICBC has also so far sold 130,000 licence plates carrying the 2010 logo, at a cost to drivers of $35, with net proceeds going to the Winter Games. As an official sponsor, ICBC is planning to host corporate events during the Games, said spokesman Adam Grossman. "It's not something we specialize in as a company, so we're seeking an expert in corporate hospitality with Olympic experience," he said. "I'm sure there's a lot of them in town at the moment." He said that all sponsorship activities will be funded out of the "optional" side of ICBC's business, not the mandatory fees. Grossman said he couldn't give… Read more »

NO -LYMPICS

Realpaul good link a real eyeopener Olympic rules require an organizing committee to own billboard ad space on the routes to and from sports venues to prevent non-official sponsors from cashing in on the Games. VANOC was forced to buy $40-million worth of outdoor advertising from billboard companies, but is so far around $12-million short in reselling the space. VANOC has sold only about a third of its 75 VIP corporate hospitality packages, worth $285,000 each. A recent decision by VANOC to ask the private and public sectors to donate staff to the Games so organizers don't have to hire 1,500 temporary workers will drain any potential economic spinoff from new jobs. ===== IMHO, I think the 2010 games will end up as a TOXIC Asset for the LIEberals (and I am NOT an NDP supporter). I can actually see… Read more »

realpaul

NO -LYMPICS:

#27, couldn't say it better myself.

realpaul

NO -LYMPICS:

#28, " The budget deficit is 5.5 Billion"!!!!!!!!!! Is he hoping that the average person can't count?

Can I tell the bank that I only owe $1000 if I divide my $4000 debt by four?

So the deficit is not 2.8 billion AT ALL !!!!!

NO -LYMPICS

Lucky break for Chinese student who left $20,000 at Vancouver airport http://www.theprovince.com/news/Lucky+break+Chine… QUOTE: In the backpack, which he had carried on the plane with him, were Lu’s identification cards, passport and $20,000 in cash, which his parents had given him to help pay for his housing. Carrying that much cash, a large sum by Canadian standards, is not that unusual for Lu at the start of a new school year. His parents gave him cash because it is an easier exchange for the Chinese banks, he said. ============== Excuse me: $20,000 CASH and the authorities aren't suspicious? I thought there was a disclosure requiremnt for $10,000+ How did this get through security? One can't make an electronic transfer from China to the student's account in BC? How common is this amongst this demographic group? Now watch the scumbags start preying… Read more »

realpaul

NO -LYMPICS:

#25 IOC confirms that only 9 ( NINE) of the international sponsors are on board.

http://www.no2010.com/node/1055

NO -LYMPICS

Sorry, forgot to post the link

Budgeted deficit of $2.8-billion is first of four: Finance Minister

http://www.theprovince.com/health/Budgeted+defici

NO -LYMPICS

Budgeted deficit of $2.8-billion is first of four: Finance Minister QUOTE: VICTORIA — Finance Minister Colin Hansen admitted Tuesday the 2009/10 Budget deficit will be $2.8 billion — five times greater than the $495-million projection in February that Premier Gordon Campbell claimed was a "maximum" deficit during the May election campaign. And Hansen said that's the first of four consecutive deficit budgets — $2.8 billion, $1.7 billion, $945 million, and $140 million — for a total of more than $5.5 billion in total deficits from a government that proudly introduced "balanced-budget" legislation outlawing government deficits. "Just about everyone was caught off-guard by the speed, scope and depth of the economic downturn," Hansen said in his budget speech explaining the huge new deficit numbers. "Here in British Columbia, we have seen a precipitous decline in government revenues. "The bottom line is… Read more »