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COVID ECONOMICS


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#2601 dasmo

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Posted 26 June 2022 - 04:27 PM

I think that some workers have been told to, and they have simply said no. Short of employer reasons why they should come back, and not wanting to lose talent, some employers have relented.

Many were told to take a medical procedure and said no. They were fired. But I’m all for saying no. It’s my favourite word.

#2602 dasmo

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Posted 27 June 2022 - 06:13 AM

Congratulations to phx for having the last word on covid!!!!
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#2603 dasmo

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Posted 27 June 2022 - 06:18 AM

#nodaycareforoldmen
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#2604 dasmo

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Posted 28 June 2022 - 07:52 AM

“B.C. Ferries, which is struggling with staff shortages and cancelled sailings, is calling back employees who have been on leave without pay for successfully resisting to be vaccinated, after eliminating its vaccine mandate on Monday.”

And don’t forget the ones that quit because of the mandates. I hope they ask for repetitions AND stipulations in their contract that prevents this from happening again even though it was illegal. There is no provision for an employer to put you on leave without pay in the labour code.

https://www.timescol...te-ends-5505290

Edited by dasmo, 28 June 2022 - 07:53 AM.


#2605 sebberry

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Posted 28 June 2022 - 09:36 AM

“B.C. Ferries, which is struggling with staff shortages and cancelled sailings, is calling back employees who have been on leave without pay for successfully resisting to be vaccinated, after eliminating its vaccine mandate on Monday.”
 

 

Congrats to the workers and many thanks to them for helping to breed new mutations of the virus :) 


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#2606 Victoria Watcher

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Posted 03 July 2022 - 05:00 AM

Two of Ontario's biggest public transit agencies say they're seeing a welcome uptick in ridership after two years of dismal demand, but they warn there's still a long way to go before they can fully recover from the COVID-19 pandemic.

 

Both the TTC (subway and buses) and GO Transit (upscale buses and commuter rail) say they've regained 60 and 50 per cent of pre-pandemic riders respectively due to the loosening of COVID-19 restrictions, more in-person events and a gradual return to office work. But they both say it's hard to plan for future riders.

 

 

 

https://www.cbc.ca/n...overy-1.6497882


Edited by Victoria Watcher, 03 July 2022 - 05:00 AM.


#2607 Victoria Watcher

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Posted 10 July 2022 - 06:23 AM

Hundreds of Virginia state employees have resigned in the last two months since Gov. Glenn Youngkin announced a new telework policy.

___________

The resignations include 183 from the Virginia Department of Transportation, 28 of which specifically cited telework opportunities as their reason to leave.




https://www.foxbusin...mployees-resign





Anybody see the irony here?

Edited by Victoria Watcher, 10 July 2022 - 06:24 AM.


#2608 dasmo

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Posted 10 July 2022 - 07:47 AM

Funny how they brand this a “disastrous policy” when it’s a few hundred bureaucrats resigning. Meanwhile here we fired thousands of healthcare workers during a healthcare crisis and that’s not including those that resigned over our policy.
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#2609 spanky123

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Posted 13 July 2022 - 09:27 AM

BoC jacks interest rates 1%

 

Bank of Canada raises key rate by 1 percentage point, surprising markets with biggest move since 1998 - The Globe and Mail



#2610 Victoria Watcher

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Posted 13 July 2022 - 01:06 PM

The U.S. annual inflation rate defied expectations and rose to a new multi-decade high of 9.1 per cent in the year up to June.

The U.S. Bureau of Labour Statistics said Wednesday that the cost of living rose by 1.3 per cent in the month of June alone, and in three of the past four months.

https://www.cbc.ca/n...-june-1.6519023

Economists had been expecting the rate to decline slightly from the 40-year high of 8.6 per cent reached the month before, but instead it ticked even higher, reaching its highest point since 1981.

Edited by Victoria Watcher, 13 July 2022 - 01:07 PM.


#2611 spanky123

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Posted 13 July 2022 - 01:08 PM

The U.S. annual inflation rate defied expectations and rose to a new multi-decade high of 9.1 per cent in the year up to June.

The U.S. Bureau of Labour Statistics said Wednesday that the cost of living rose by 1.3 per cent in the month of June alone, and in three of the past four months.

https://www.cbc.ca/n...-june-1.6519023

Economists had been expecting the rate to decline slightly from the 40-year high of 8.6 per cent reached the month before, but instead it ticked even higher, reaching its highest point since 1981.

 

Whose expectations - certainly not anyone living and breathing capable of independent thought. Note June represented a 15% annual run-rate. 

 

Don't worry though, it is only transitory and won't last.


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#2612 Victoria Watcher

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Posted 13 July 2022 - 01:09 PM

Democrat economists.

I thought last week Biden told gas stations to lower prices?

Edited by Victoria Watcher, 13 July 2022 - 01:11 PM.


#2613 Mike K.

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Posted 13 July 2022 - 01:11 PM

And their solutions? Print more money.

The interest raise is economically the one hope we have. To curb inflation it should likely be 5%, not 2.5%.

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#2614 spanky123

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Posted 13 July 2022 - 02:38 PM

And their solutions? Print more money.

The interest raise is economically the one hope we have. To curb inflation it should likely be 5%, not 2.5%.

 

The problem is that no matter which approach they take (allow inflation to run or jack the interest rate), low and middle income people get hurt. JT's solution then is to print more money to keep their votes help them which then makes the problem even worse. 


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#2615 Stephen James

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Posted 13 July 2022 - 02:51 PM

The problem is that no matter which approach they take (allow inflation to run or jack the interest rate), low and middle income people get hurt. JT's solution then is to print more money to keep their votes help them which then makes the problem even worse. 

I would have thought everyone who is leveraged or who's income increases at a rate lower than inflation gets hurt.



#2616 Szeven

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Posted 13 July 2022 - 06:27 PM

I read it took 91 months to go from 2-9% in the 1960-70s, and 30 months from 2020 to 2022.

#2617 LJ

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Posted 13 July 2022 - 07:16 PM

When I had mortgages, we thought anything under 10% was terrific.


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#2618 dasmo

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Posted 14 July 2022 - 05:22 AM

Your house cost $150k though.

#2619 spanky123

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Posted 14 July 2022 - 05:32 AM

I would have thought everyone who is leveraged or who's income increases at a rate lower than inflation gets hurt.

 

True but as long as your income exceeds your expenses then you are still coming out ahead albeit less ahead then you would have been. 



#2620 Victoria Watcher

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Posted 14 July 2022 - 05:37 AM

Your house cost $150k though.

 

Back then people did not buy such large houses.

 

Average-new-house-size-Canada-and-US-his



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