Business, Finances,
Markets & the Economy

You know you need insurance, but with such a dizzying array of available options, how do you know what coverage is best for you? Here are some tips on insuring your property, your vehicle and your life.

“Insurance can be one strategy to manage your risk,” says Chartered Accountant Vic Skot, principal, Benefit Partners Inc. in Barrie. “It can give the business owner and the corporation ways to manage and mitigate their risks that are both tax and cost effective.”

EDMONTON : The Canadian Taxpayers Federation (CTF) applauded the City of Calgary today for pulling out of the race to host Expo 2017.

Pick up the phone or pull out your cheque book – it’s your choice. Unless enough Manitobans urge the provincial government to reconsider its BiPole 3 decision, we’re going to pay dearly for the mistake for decades to come.

(Editor’s note: Don’t let the government trick you out of understanding the true value of gold and silver in the coming era of economic survival)..

What’s really going on with gold and silver?

When gold hit $700 per oz, it brought the price to a negative 7% compared to a year ago. This would roughly mirror the huge correction “within” the bull market we saw from 1970 to 1980. The same Bull Run that took gold from $34.50oz. In January 1970, to $850oz. by January 1980, that’s roughly a 2,450% increase!

The bull market is far from over! To say the precious metals bull market is over is as foolish as saying there was never a bull market in the first place! It’s a documented fact, throughout history, all bull markets last 14-19 years. This bull market has been going since 2001. So we still have at least, another SEVEN years to go. Commentators, who believe that the commodity bubble in silver and gold has popped, don’t understand what drives them in the first place.

Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM’s headquarters should move and what kind of cars it will build.

[June 1] President Hugo Chavez announced the simultaneous bankrupcy, restructuring, and nationalization of General Motors. This is the latest in a long conga line of nationalizations by President Chavez, who repeatedly claims he’s reluctant to do any of it. Like every socialist before him, President Chavez claims he doesn’t REALLY want to run the auto industry, or the banks, or the housing sector, or the health care industry, or the…. But he’s being pushed into it by circumstances so dire, so desperate, so epic that ONLY President Chavez can handle it.

And so, President Chavez stepped before the cameras today in Washington and announced that he was taking over General Motors. Not because he wants to, of course, but because he has to. He’s a reulctant auto executive, but his country needs him. His country is crying out for him.

DEARBORN, Mich., August 6, 2009 — Economists and job seekers alike are bracing for this month’s national jobs outlook due out on Friday. Will the report show some signs of hope or will it continue to point to double-digit unemployment? Will the national average of 10 percent take a comfortable dive or will job seekers continue to experience needle-in-a-haystack odds of finding new opportunities?

On this weekend’s “This Week with George Stephanopolous,” Vice President Joe Biden said: “We misread how bad the economy was.”

He and Obama “misread” how bad the economy was?!

Pardon me, but weren’t they elected on the basis of their self-touted ability to manage the economy back to relative health?

This isn’t the speculation of an Obama critic, but the simple observation of someone who has been watching economics for years.

The contributing factor to the next jump is the increase of minimum wage from $6.55 (an increase we had in July of 2008) to $7.25 in July of this year.