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Economic Gossip Around the Town


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#1 Holden West

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Posted 05 August 2006 - 04:03 PM

Post your rumours and observations.

Mike DeWolfe wonders what's up with CDI going out of business along with a tirade about other lousy "tech" schools:

http://mikedewolfe.b... ... eople.html
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009

#2 aastra

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Posted 05 August 2006 - 05:05 PM

Where was the CDI school located? Maybe something's up for the building in question?

#3 Mike K.

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Posted 08 August 2006 - 09:59 AM

Upper Harbour Place, phase II (5-storey, 100,000 sq ft office building going up in Vic West), is giving its future tenants free rent for as long as the project is late. So in other words, with the project being almost two years behind schedule upon completion, tenants who signed leases a while back will receive almost two years free rent/lease!

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#4 G-Man

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Posted 08 August 2006 - 10:44 AM

I think that this is already sold out right. I bet we see some more office buildings going up soon.

Visit my blog at: https://www.sidewalkingvictoria.com 

 

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#5 Jarrod

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Posted 08 August 2006 - 11:46 AM

Oh my...My sister was trying to push me to go to CDI but I kept on saying no...

I'm lucky I took my own advise...

But if I could change things around I would have gone to UNBC just because it had the program that I wanted in the beginning.

But I"m here and that's fine for now :D

#6 Holden West

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Posted 09 August 2006 - 01:51 PM

This is no longer gossip but a done deal--Sotheby's high-end real estate division is setting up shop here, presumably to cherry-pick the million dollar projects from the established realtors.

http://www.sothebysr...ca/careers.html
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009

#7 Holden West

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Posted 28 August 2006 - 07:49 PM

I post this in light of the recently opened BC Experience attraction, as well as continuing rumours of some sort of children's museum--possibly in Rock Bay. The multi-million dollar question: do tourists come here to walk around museums?

Gastown attraction in financial trouble

Last Updated: Monday, August 28, 2006 | 2:56 PM PT
CBC News

An underground Vancouver entertainment complex has won protection from creditors while it undergoes financial restructuring.

Storyeum cost $22 million to build, opening its doors for business in the Gastown neighbourhood in June 2004.

Much of the facility, a combination theatre-museum the size of six NHL hockey rinks, is located five storeys below the cobbled streets of the tourist-oriented area.

It was designed to handle up to 2,000 customers at a time.

David Gray, who has been appointed as Storyeum's trustee, says it is not bankrupt and that it's business as usual.

However, Gray also says that the attraction "has never been profitably capitalized. And it's never really had enough money to do the kind of marketing that it should to be successful.

"So as a result, although it's had lots of people through its doors, the revenues have never been sufficient to cover all the creditors in full. And they've had to look to other people to provide funding."

Gray says Storyeum has until the middle of next month to either file a financial proposal or seek an extension from the court.

He notes both Birks and Air Canada have sought similar protection from creditors and are still in business.

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Holy crap, look at the [url=http://www.storyeum.com/modules/icontent/index.php?page=20:8bbba]prices[/url:8bbba]

A [url=http://www.urbanvancouver.com/node/716:8bbba]review[/url:8bbba].
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009

#8 aastra

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Posted 28 August 2006 - 09:42 PM

Remind me to try to check it out before it goes kaput.

#9 Victoria Watcher

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Posted 05 July 2023 - 02:13 PM

The Canada Revenue Agency (CRA) announced it fired 20 employees—and is investigating upwards of 600 others—who improperly received the Canada Emergency Response Benefit (CERB) during the pandemic.

 

“As the CRA is responsible for administering the Income Tax Act and many COVID-19 benefits, the highest standard of employee conduct must be upheld,” a CRA spokesperson told CTV.

 

 

https://tnc.news/202...estigates-cerb/


Edited by Victoria Watcher, 05 July 2023 - 02:14 PM.


#10 Nparker

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Posted 05 July 2023 - 03:12 PM

CERB = one of the Liberal's best cluster****s.


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#11 spanky123

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Posted 06 July 2023 - 06:10 AM

I have said for years that there was wholesale theft in these Government programs. Looks like the guardians of the hen house were just as corrupt!



#12 Victoria Watcher

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Posted 12 July 2023 - 03:00 AM

This is new from the Fraser Institute:

 

 

 

 

 

 

Weak growth in Canada has persisted for a decade, with per capita real gross domestic product posting its smallest gain in nearly a century. Canada’s economy has grown significantly slower than that of the United States, suggesting that the origins of Canada’s growth crisis are domestic. Moreover, slower growth in Canada has originated mostly in declining business investment and exports, the sectors of the economy that embed innovative technologies and reflect the competitiveness of Canadian businesses.

 

This paper looks at the broad reasons for the loss of dynamism in the Canadian economy, focusing on the erosion of the values that cultivate innovation and entrepreneurship. It begins with a reminder of the benefits of economic growth and how novel sustained growth is to the modern world. Growth is neither automatic nor well understood by economists, despite widespread claims that sustaining growth is easy to achieve by adopting a few simplistic policies. Canada cannot rectify its poor record on growth by continuing its exclusive focus on such formulaic policy making. Canada has adopted many of the policies economists recommend to boost growth, including high levels of immigration and education, lavish government support for research and development, and free trade deals with all the G7 nations, but slow growth has become more entrenched.

 

https://www.fraserin...dian businesses.

 

 

 

 

 

We have so much potential, but we make stupid decisions.

 

Here is the executive summary:

 

https://www.fraserin...sis-execsum.pdf

 

Policies such as more government spending and relentless monetary stimulus provide at best a shorttime fillip to growth, but depress long-term potential, especially through their negative impact on business investment.


Edited by Victoria Watcher, 12 July 2023 - 03:02 AM.


#13 Mike K.

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Posted 12 July 2023 - 06:14 AM

Trudeau has increased the bureaucratic work force by 40%.

Harper was trying to keep it from growing, and even working to reduce it by a small amount.
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#14 spanky123

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Posted 12 July 2023 - 06:25 AM

Policies such as more government spending and relentless monetary stimulus provide at best a shorttime fillip to growth, but depress long-term potential, especially through their negative impact on business investment.

 

People vote themselves cake.


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#15 Hotel Mike

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Posted 12 July 2023 - 09:46 AM

And Stephen Harper had the largest cabinet in Canadian history.


Don't be so sure.:cool:

#16 Victoria Watcher

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Posted 12 July 2023 - 11:26 AM

And Stephen Harper had the largest cabinet in Canadian history.

 

Was that a problem?



#17 Victoria Watcher

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Posted 12 July 2023 - 11:27 AM

Trudeau has increased the bureaucratic work force by 40%.

 

And are those people in positions in order to boost the economy, or to add more regulations and oversight that will slow it?



#18 Mike K.

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Posted 12 July 2023 - 01:05 PM

And Stephen Harper had the largest cabinet in Canadian history.


Could he flip a pancake, though?
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