News   Jul 26, 2024
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    Rob Ford's Toronto

    No. I merely meant those people who are committed to a future without Rob Ford should reflect on the sorts of policies and political environment that culminated in his win. I didn't vote for Ford. I voted for Rossi. But when you have a populist like Ford winning the populist game, and you want...
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    Rob Ford's Toronto

    Unfortunately, this is the state of affairs we have. While I believe that Rob Ford is the biggest moron in the world -- even though I tried to like him -- the fact we're dealing with him today is the fault of the ideological reign of the past. The fact the city is in such financial dire...
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    Toronto eCondos | 195.67m | 58s | Bazis | Rosario Varacalli

    Credit-worthy companies were unable to get 5-day loans to make payroll in that period due to a liquidity squeeze. Bazis couldn't have had a more inopportune time to be searching for financing, as almost all commercial lending essentially froze. There's also no real financing available for...
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    Toronto eCondos | 195.67m | 58s | Bazis | Rosario Varacalli

    Well, not quite. The financier of the project was Lehman Brothers, which sort of ran into a bit of a problem. I don't think they were paying much attention to the Toronto market at the time. Rather, they were just imploding.
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    Towards a Conservative Urbanism?

    As far as I know Ron Paul is not an Ayn Rand Objectivist. He is a Walter Block libertarian, with the heart of his influences in Ludwig von Mises. There's Patri Friedman, who's Milton Friedman's son, and like his father is also a non-Objectivist libertarian whose ideology is principally...
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    Towards a Conservative Urbanism?

    There's nothing libertarian about Ford. At all. Not even a dash. I'm a free market libertarian, with Georgist tendencies. And I see nothing redeeming in Rob Ford, to be honest. Left-wing people have too easily fallen for the idea that libertarianism = right-wing, and therefore libertarianism...
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    Toronto and London Stock Exchanges to merge?

    "Now, our friend brockm when he's typing and spewing spittle on the screen seems to think that any concern about losing those ancillary jobs and regulatory control is tantamount to Stalinist-style communism when it's in Toronto, but a worthy concern if it's a Brit or Amerk." Well, it turns out...
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    Toronto and London Stock Exchanges to merge?

    Well, my argument rests on the principles of private ownership. Not the collective right of Canadians to essentially dictate to private owners who they can dispose of their assets to. So, no, it doesn't rest on speculation. Whereas, the opposing view almost certainly does. It states, and...
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    Toronto and London Stock Exchanges to merge?

    You speak as it's not the shareholder's property to sell. Which is quite shocking. You should keep that in mind whenever you buy stock in a company. That, we don't place any real meaning on the term "ownership". The "people" can decided something is a "public asset" at will. The...
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    Toronto and London Stock Exchanges to merge?

    Nuttin'? I'm sorry, but you're not selling YOUR X. The shareholders (read: owners) of the TSX, the TMX Group are the ones who need to come up with reasons whether or not they should sell their X. That's the point of my argument not isn't it. Canadians are acting like it's their X, when it's...
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    Toronto and London Stock Exchanges to merge?

    Your argument is speculation built atop of more speculation. It is just as equally likely that Toronto-based firms will expand aggressively and pull in London-based talent. The LSE-TSX merger has absolutely nothing to do with Fleet Street wanting to steal Toronto's mining finance industry...
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    Toronto and London Stock Exchanges to merge?

    I will come back to your point about the benefits of raising capital being "minute" as well. You're wrong, you're wrong and you're wrong. While it's generally easy for investors for invest in stocks wherever, exchanges themselves represent pool capital in the form of index funds. These funds...
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    Toronto and London Stock Exchanges to merge?

    First of all, I don't agree with your insane theory that this deal will cause all our mining finance specialization to move to London. Why? What does the TMX's ownership structure have to do with that? It has nothing to do with it. The TMX Group does not employ mining financiers. Your...
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    Toronto and London Stock Exchanges to merge?

    Even if this were true, and the point is not conceded, it neglects the entire other basis of my argument. The specialization of mining finance is not the whole of Canadian economy, and the upside benefits to almost every other sector in terms of the ability to raise capital would make any loss...
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    Toronto and London Stock Exchanges to merge?

    Here is my response, in article form, at The Volunteer: http://www.thevolunteer.ca/2011/02/we-dont-want-your-investment/
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    Toronto and London Stock Exchanges to merge?

    I'm sorry. You're right. But the emotional nature of the arguments, is causing me to become frustrated and angry. I've had this argument three times a day for over a week now.
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    Toronto and London Stock Exchanges to merge?

    There is absolutely nothing rational about your argument against this merger. Nothing. At. Al.. I've been watching all you centre-left, economic nationalists, pontificate about all the various "reasons" -- insofar as they can be called such -- for blocking this consolidation. None of them make...
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    Toronto and London Stock Exchanges to merge?

    What's funny is how bloody socialist Stephen Harper has turned out to be. His social views may be nominally conservative. And his foreign policy many be nominally conservative. But Harper has governed to the left of the Chretien Liberals economically. The Chretien government never blocked a...
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    Toronto and London Stock Exchanges to merge?

    It always boggles my mind how people think about stuff like this. Even if we were to lose half of all the jobs to London, the net benefit to Toronto would still be positive. Why? Because the capital pools of the exchange will make it the second biggest in the world. It will be easier for...
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    New Streetcars

    The TTC has had the technical capability to do trip planner and next bus/train/streetcar for years. GPS and on-track location tracking for on-time information was installed throughout the streetcar, bus and subway network years and years ago for Transit Control. The TTC has actively resisted...

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