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Ryan Strome

Liberals win minority government

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1 minute ago, topshelfhbm said:

Yes I am. I dont know a green alt. That's why I ask. Thanks. What's the answer.

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2 minutes ago, topshelfhbm said:

It doesn't work at night. I thought that was a no brainer.

It does work at night.  it just doesn't produce the same level of electricity as it would during the day.  If you weren't a troll and were genuinely interested you'd have simply looked.

 

Instead you're playing stupid (we think) and asking a hockey forum while cheering on the dissolution of the nation via Alberta separation and claim to not be a troll instead of doing your own homework.

 

Good stuff

 

For reference

 

https://www.cbc.ca/news/technology/renewable-growth-1.5328624

Edited by Warhippy

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4 minutes ago, topshelfhbm said:

Yes I am. I dont know a green alt. That's why I ask. Thanks. What's the answer.

There's a couple:

 

Firstly, neither Solar or Wind are the main component of any power grid. They're there to augment other sources, like Hydro.

 

Secondly, power is stored as it's generated. This means the power you're using at any given time isn't actually being generated as used in real time. It's overly simplistic, but think of it like a rain barrel: It fills up and then the level drops as it's used, so it isn't constant, but it isn't empty just because it's not raining....

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Some don't think the economy is in any trouble realy at all barring external forces

 

https://www.cbc.ca/news/business/recession-canada-economy-1.5325856

 

For those looking for some fresh economic bad news last week, it wasn't hard to find.

On Friday, the country that is now by some measures the world's biggest economy, China, slumped to its lowest ebb in nearly 30 years.

 

The United States, the biggest economy in dollar terms, had frightening news of its own as an unexpected slump in retail sales demonstrated that country's economic superstar, the consumer, may be about to walk offstage.

Even Canadian economic gloom got some headline treatment as the papers' business sections gave prominent placement to sombre predictions from David Rosenberg, chief economist at wealth management company Gluskin Sheff. 

"Time's up for Canada's economy, experts say," was the Toronto Star's headline on the business section front over a story from the Bloomberg business news service that quoted Rosenberg as "putting the odds of a recession in Canada at 80 per cent."

Knowing where the tigers are

For whatever reason, in the clickbait media world, it is well known that gloom attracts more attention than stories saying that everything is swell. There are various theories about why, going back to our evolutionary past when knowing details about a dangerous tiger contributed more to our ancestors' survival than bland reassurances.

 
china-economy-gdp.jpg
People exercise on the beach near the Chinese Port of Qinhuangdao in Hebei province. As a huge buyer of the world's goods, the effects of a decline in China's economy will likely spread. (Reuters)

Clearly, if bad economic times are around the corner, we want to know. The problem, of course, is that it's not that simple. As I have mentioned, whatever the fundamental causes of a weakening economy, a growing feeling of gloom can itself contribute to or even create economic weakness.

Despite all the confidently spoken and written forecasts, no one really knows what is going to happen next. The well-known U.S. economist Paul Samuelson once famously wrote that "Wall Street indexes predicted nine out of the last five recessions," and it has been widely observed that economists have an even worse record.

Not so gloomy after all

In fact, a detailed reading of the Bloomberg copy beneath the dismal headline offers the surprise that the majority of those at the conference being covered, unlike the often-gloomy Rosenberg, saw no Canadian recession in the coming year.

After my own contribution to the gloomy mood last week, I thought it only fair to tally a few of the reasons why Canada may well not see the worst of any global recession.

1. Housing

After a slow patch Canadian houses are selling again. And while they may have reconsidered for a while, there are signs that the condo builders who have filled skylines with cranes are making too much money to stop. Some have pointed to the recent slump in New York condo prices as a warning, but there are reasons why Canadian cities are different.

2. Immigration

One of the differences between Canada and many other places is that the country's welcome mat means the population, housing demand and economy continue to grow. Many of those people come with money in their pockets, feeling Canada is a safe place to keep it. A report last week showed that one in five homes in Canada is bought by someone who arrived in the last 10 years.

3. Jobs

Despite some hints of a slowdown in parts of the economy, Canada keeps making jobs, and wages are rising. Trouble in the energy sector may have bottomed out. Overall unemployment keeps hitting record lows and wages keep rising. While a slowdown could reverse the trend, the low jobless rate and the worker shortage in many sectors may help to bridge a weak patch.

4. Inflation

While in other countries prices are stagnant even as central banks cut rates, Canadian inflation remains well within the Bank of Canada target range. Core inflation, the rate the bank's Stephen Poloz uses as a best indicator, averaged more than two per cent. Research has shown one of the reasons inflation remains healthy is that poorer Canadians, who get a fairer share here than in other places, spend it all and stimulate the economy rather that tucking it away as savings.

5. Wealth 

Despite the attention we often pay to the debt Canadians carry, there is another group, many with paid-off houses, deep pockets and pensions who will keep doling out that money into retirement.

A large and growing group of well-heeled retirees who have been helped to save with government retirement programs such as RSPs and tax-free savings accounts will act as a safety net for the wider economy.

6. Education

Partly because of the taxes paid by well-employed middle-class Canadians, younger Canadians are among the best educated on the globe. That human capital is a pool of stored wealth that cannot be easily destroyed, even by company failures.  

7. A relatively low budget deficit

While government spending has been a background issue in the campaign for today's federal election, so far the country has a fiscal pad to help boost the economy should the global slump worsen. Compared to our southern neighbour, Canada's books are sound, and due to several revamps, the Canada Pension Plan, while meagre, is adequately funded, most actuaries say.

 

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4 minutes ago, StealthNuck said:

Don't bother responding to topshelf anymore.

Sorry Stealth....we must have been typing at the same time....^_^

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28 minutes ago, StealthNuck said:

Don't bother responding to topshelf anymore.

thats too bad I was just about to tell him how a potato battery worked and go from there 

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56 minutes ago, topshelfhbm said:

If the media can turn a blandy like Sheer into a "turd" I'm pretty sure no one else had a chance either.

He's done it all on his own without assistance just by opening his mouth. 

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Well, todays the  big day. Whatever happens I'm glad to see so much engagement, particularly with the under 30s this time around. 

 

It certainly looks like we're headed to a minority, and those have actually been decent governing periods for Canada. 

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Went over all the parties commitments and I'm still stuck between cons and libs myself. Both have pros and cons between environment, financial, etc but I still haven't decided, guess I still got a few hours. I officially told myself the NDP can go screw themselves because I would loose money long term under them so I have no interest in them anymore as much as signh has does a great job campaigning. 

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45 minutes ago, Russ said:

Went over all the parties commitments and I'm still stuck between cons and libs myself. Both have pros and cons between environment, financial, etc but I still haven't decided, guess I still got a few hours. I officially told myself the NDP can go screw themselves because I would loose money long term under them so I have no interest in them anymore as much as signh has does a great job campaigning. 

don't forget polls close at 7pm now in BC. 

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9 minutes ago, Ryan Strome said:

 it really may not come to an end today.

thats true, depending on recounts we may not know for a couple of weeks. Man its going to get salty if it works out that way... Scheer on one side yelling about "modern convention" and the left side holding up the constitution. I think we know who wins that fight, but there seems to be an idea in Canada that the plurality gets first crack at governing, I guess out of some sense of fairness? Not sure why that idea has legs tbh. 

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Is it today? Thank god, no more memes in FB about this, vote with your heart blah blah blah, don't care, voting with my wallet every time, except today, I ain't travelling all the way to Stockholm to vote, FTS. Which is kinda why I don't vote in Canadian elections, I don't live there, so, don't really care about the outcome.

Edited by canuckster19

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On 9/5/2019 at 3:19 PM, Warhippy said:

I think he needs to be there.  It's like saying I don't need to play because we secured a playoff spot.

 

Screw that, represent your brand.

 

We know exactly what it will be but the guy has a decent set of numbers behind the largest talking points and could take Scheer to task in any number of ways.

 

Trudeau:  Economy is great, job numbers keep increasing homes are more affordable

Scheer:  but what about the threat of the recession everyone says is coming

Trudeau:  How's that our fault?  every economist says it's brexit and the US/China that's the issue.  Not my clown not my circus; we're currently ok

Scheer:  But what about wages, wages aren't going up much

Trudeau:  Wages have been increasing, but they've not really budged at all in over a decade, I've only been here for 4 years

Scheer:  But immigration numbers

Trudeau:  Are only up 10,000 over the numbers the rpevious guy was suggesting, stop pretending it's a flood

Scheer:  But you're allowing terrorists in

Trudeau:  Not even close bud, we're fighting to keep them out and I settled a case your old boss screwed up

 

Literally ANY number of talking points would go his way and if he was smug and smarmy about it the people would frigging love it.  Him skipping the debates gives them fodder.  If he's got any brains he'll show up and just be arrogant as all hell and confident about his record

 

This may be correct but you forgot the umm/ahhh to actual word ratio of Trudeau i believe its 3-5 umms and Ahhs per actual word.

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7 minutes ago, canuckster19 said:

Is it today? Thank god, no more memes in FB about this, vote with your heart blah blah blah, don't care, voting with my wallet every time, except today, I ain't travelling all the way to Stockholm to vote, FTS. Which is kinda why I don't vote in Canadian elections, I don't live there, so, don't really care about the outcome.

You're so angry all the time. 

 

Was being a former mod that stressful?

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