i hate the recession

[YukonJack]

"You cannot argue with statistics, YJ. North Americans are the worst polluters in the world. They consume more resources (per capita) than anybody else, they pollute more than anybody else (per capita)."

And, of course, you will be the first to give up your comfortable position to be equal to those who wasted centuries, contributed absolutely nothing to human advancement, and now, suddenly they demand to be equals?

How many families youir friend's purchase of an overrated piece of garbage of $500,000 would feed? How soon he would be ready to give up any of his carbon foot-
prints?

If you insist on "per capita" how about you and your plastic surgeon friend? Based on statistics, you two are the worst polluters in the world.

 

[SirJosephPorter]

YJ, when you run out of arguments, you usually try to change the subject, but it never works. We are discussing the carbon footprint of the countries here, and North America is the worst culprit in this respect. Again, you cannot argue with statistics.

And let us leave personalities out of it. You don’t know me personally, you don’t know what kind of carbon footprint I have. Maybe it is very big, may be it is very small, but it is irrelevant.

We are discussing North America here, and they are the worst polluters in the world, per capita.

 

[Ron in Regina]

"You cannot argue with statistics, YJ. North Americans are the worst polluters in the world. They consume more resources (per capita) than anybody else, they pollute more than anybody else (per capita)."

And, of course, you will be the first to give up your comfortable position to be equal to those who wasted centuries, contributed absolutely nothing to human advancement, and now, suddenly they demand to be equals?

How many families youir friend's purchase of an overrated piece of garbage of $500,000 would feed? How soon he would be ready to give up any of his carbon foot-
prints?

If you insist on "per capita" how about you and your plastic surgeon friend? Based on statistics, you two are the worst polluters in the world.

Lets keep what happens on one Thread, on that thread....and not
drag it along from Thread to Thread.

 

[carpenter dave]

“It’s called greed”

WOW what a statement but this does not only apply to the big banks, this applies to everybody even the people that bought the homes.

Everybody was greedy, because of rising house prices a lot of people were getting into it just to make money even the ones who could not afford it.

The prices of houses were doubling in a shorter period of time and that’s why the banks were lending to people with questionable ability to pay back the loan.

When you think about it interest rate is rent that you are paying until the principal is paid off.

In United States the bank gave choices to the sub-prime loans where one could pay principal and interest or just interest because banks make money on interest.

A high-level bank executive said many years ago that he would rather see people interest for a longer period of time.

I think mortgages amortizations started at 15 years then 25, 35,40 year terms were added.

If you were able to look at the true book value of what the banks actually lost which does not include future interest payments you would see the loss is minimal.

The only reason the banks are not proactive in selling the properties is because they are getting stimulus money from the government.

The government should have taken possession of all those sub-prime properties and hold them it would have been a lot less than paying the trillions of dollars of stimulus.

This would have been a perfect opportunity for governments to keep their promises on affordable housing.

One would think that President Obama, a left leaning politician would think of this.

Government could have set up public housing or lease to own housing or do what the Muslims do to get their housing.

The Muslims do not believe in paying interest so what they do is get a loan company to buy the house convert the value into units and the purchaser pays rent and buys the units as they save their money until the property is paid off, if they don’t buy units they just pay the rent until they can buy more units

The more units you buy the lesser rent you have to pay, this method protects the buyer from the all too evil interest fluctuations and when they bought all the units they own the house

The homeless wouldn’t be homeless and the poor wouldn’t have to deal with slum landlords.

This would make sense and if implemented properly and would make a lot of cents for the taxpayer.

Youve hit the nail right on the head

 

[YukonJack]

Responding to post #62. (As usual, not worth quoting either in part or in its miserable entirity).

SirJosephPorter, the way you brag about your globe-trotting life-style, it is safe to assume that you are far more irresponsible than the average person when it comes to carbon foot prints. Yours must be right there with the sasquatch.

You are one of the North Americans you so despise.

Personalities aside, tell me and tell the world why should North Americans should be ashamed of their life styles. Those in the world who are envious, should go and f**k themselves. And so should those who, hypocritically, side with the same bastard who want only what others have produced.

If my carbon footprint is bigger than that of some others, it is because I worked harder and produced more than these alleged "victims".

And until I become a self-flagellating jacka$$, I will NOT be apologetic of my life-style, and I will not cut down on it. Let the jerks who are envious of it bring themselves bring themselves up to my level, rather than demanding that that I bring myself down to theirs.

 

[Machjo]

YJ, we don't produce carbon. We dig it up and process it. The more we use, the less there is for them, no matter how hard they work for it. There is a difference between producing something and digging it out of the ground.

 

[Cannuck]

I may come out briefly when I hit 65 in a couple of years.

Congratulations

 

[Cannuck]

I dont know how bad Canada has been hit by the recession but England has been hit pretty bad ...

It really depends on where you live. There is no recession where I live.

 

[Spade]

Question: What's worse than a financial recession?
Answer: Gum recession

 

[Cliffy]

Congratulations

Great mind you have there Cannuck, I should have seen that coming.;-)

 

[LikelyGuy]

Keep smiling Cliff.

At least everyone's not bitter and twisted.

 

[Chev]

Exactly,peeps like me who pay EI but cant get it dont show up as unemployed when not working,I also hear that some Albertans who went to work on the bay of fundy gas project were run out of town by the locals?

Any truth to this rumour?8O

I believe I read in the paper that their biggest beef was that the company brought in non-union employees to work while the union employees there were out of work.

 

[bobnoorduyn]

Not air conditioning Bob, most people in India still don’t have air conditioning. In fact, India cannot produce enough power to satisfy the basic needs of its population, most places in India have daily power outages for two or three hours every evening (when the demand is at its highest).Some of the richer population have emergency generator, so that they may have limited amount of power during the black outs. They call it load shedding.

That may be true, but the large cities are where the benefits of production are realised, and where the middle class exists. You won't find significant procuction, or wealth in squalid regions. As a buddy of mine says, "there is no such thing as a nice sunny day in India because the temperature is over 40 degrees, people just can't be productive in those conditions".

The middle class is a relatively new phenomenon in India and they have discovered, (or are discovering) what most developed nations already know, that this is where, potentially, the largest tax base exists and is the engine of growth and wealth creation.

 

[bobnoorduyn]

Question: What's worse than a financial recession?
Answer: Gum recession

Or hairline recession :lol:

 

[SirJosephPorter]

That may be true, but the large cities are where the benefits of production are realized, and where the middle class exists. You won't find significant procuction, or wealth in squalid regions.

There are no middle class and squalid regions, bob. In India, fabulous riches exist side by side with abject poverty. Many places you see a modern, state of the art skyscraper next to a few huts, a slum.

Such disparity does not seem to bother Indians, maybe it is their religion (which tells the poor that it is their fault that they are poor, they must have sinned terribly in the previous incarnation).

So yes, India has made plenty of progress in the last decade or two, but it still has a long way to go before any of the benefits are realized by the masses. India has population in excess of 1 billion, so they can have a substantial middle class (say 100 million or more), without a great majority of population realizing the fruits of the progress.

 

[Cannuck]

There are no middle class and squalid regions, bob. In India, fabulous riches exist side by side with abject poverty. Many places you see a modern, state of the art skyscraper next to a few huts, a slum.

Standard of living in India - Wikipedia, the free encyclopedia

With one of the fastest growing economies in the world, clocked at an average growth rate of 8% between 2004-2005, India is fast on way to become a large and globally important consumer economy. The Indian middle class, estimated to be 300 million people[7] by Indian standard (but much lower by European or North American standard), is fast becoming used to Western culture.[citation needed] If current trends continue, Indian per capita purchasing power parity will grow to be approximately one third that of the developed world by the middle of the 21st century.[citation needed] In 2006, 22 percent of Indians lived under the poverty line. India aims to eradicate poverty by 2020.[8]

 

[carpenter dave]

It really depends on where you live. There is no recession where I live.

your very lucky Cannuck whereabuots in Canada is that

 

[Cannuck]

South Eastern Alberta...near Medicine Hat

 

[Ron in Regina]

Saskatchewan, over all, is weathering this fairly well too.

 

[Trex]

It really depends on where you live. There is no recession where I live.

Or perhaps its just you?

It's just swell that you are doing fine in Southern Alberta.
Good for you.

Fact is, I am doing OK as well.
But that's just me.
And you, I guess.

Perhaps others are not fairing as well?

The Baker Hughes rig count is in the toilet.
Unemployment in Alberta continues to ramp up.
Foreclosures and bankruptcies in Alberta are still increasing.

Ed (the Turnip)Stelmach is burning through Alberta's rainy day fund to the tune of 9 Billion a year.
Next year Alberta will have cooked through its savings and gone into a full blown deficit.

Went for drinks with one of my buddies the other day.
Drilling manager at one of the bigger O&G outfits.
He says he has authorized the drilling of fewer wells this year than he usually does in an average month.
But he is cool about it all.
The service companies sales rep's are buzzing around him like dieing flies.
And he is getting in 18 holes every second day.
Bored out of his mind.

So it's all good for him.
And I guess me and you Cannuck.

My point is, perhaps a few other folks are having a tough time.
If you haven't seen them, I have.

Trex