Category: entitlement generation

Red Rose Country

Continued…

Canadian Natural’s Chief Financial Officer, Corey Bieber, continued, “The Company has proactively reduced its development programs in the context of lower commodity prices and lower cash flow. Liquidity remains strong at $3.3 billion. During the second quarter, absent the impact of the $579 million charge due to the 20% increase in Alberta corporate income tax rates, our earnings would have been $174 million. This charge effectively translates into lower future cash flows and therefore, lowers reinvestment in the business. Based upon third party research, this lower future capital reinvestment likely equates to about 4,100 fewer person years of direct, indirect and induced employment, with follow-on impact of higher income taxes on future income streams.

Anybody got a calculator handy?

Hashtag Of The Entitlement Generation

Peter Cook;

Two recent stories — one bit of idiocy by reporters on social media, and the other a self-indulgent, arrogant whine in The New York Times–have made me both thankful for my early, awful work experience and convinced that everyone, no matter who you are or where you are in life, needs to work a crap job.
First, let us look at the social media fail of reporters that have seemingly never worked in food service. They have been mocking pictures of Wisconsin Gov. Scott Walker eating ribs while wearing latex gloves[…]

h/t Pullthepocket

My Big Fat Greek Bankruptcy (Bumped)


Foxnews: Greek banks will not open Monday
Update: Greek Banks And Stock Exchange In Shutdown

WSJ Blog;

It now looks almost inevitable that Greece will default on a €1.54 billion ($1.69 billion) payment due to the International Monetary Fund on Tuesday. Much is at stake beyond the IMF’s balance sheet. What happens to Greece itself? What happens to the euro, a purportedly unbreakable currency union, and the Continent’s attempt to recreate itself as a global economic superpower? What happens in the capital markets, which have feasted on cheap debt and assumed all risks were contained?

Greeks Bearing Debts

Taking “Cultural Appropriation” to the next level

President of the NAACP chapter in Spokane, outed as white.

However, investigators later noticed important marks missing from the package.
It was delivered to a post office box. But it did not have a date stamp or barcode according to an on-going police report by SPD.
Postal officials told SPD officers that a letter or package would never be put in a mail box purposefully without those things even if it was hand delivered to the post office. Postal workers said it is possible that the letter could have gotten stuck to another letter and thus missed the scanner and postal marking. But they said the chances of this happening were extremely low.

The Great Lamplighter

The late Nobel Prize winning Harvard economist Wassily Leontief noted that if horses could vote the government would never have allowed the rise of the motor car industry in the early years of the 20th century. One place where horses don’t vote is China, maybe because people don’t vote there either.

Richard Fernandez at his best.

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