Lonnie Falls

Dollar suffers record one-day drop

The dollar fell more than 3 cents yesterday. Its nice to know that out dollars is tied to the oil index's on the major stock exchanges.

Hockey Starts Tonight!!!

Its the start of a short season for the Maple Leafs. A lot of sports columists say its going to be a long season, but I don't think so. When your season is finished in early April how can it be long?

My prediction for tonight

Detroit- 5
Toronto-2

And Toronto will make Kaberle Capitin before the end of the season.

Winning isn't Important

The new Maple Leaf headcoach is a man after my own heart when he said winning isn't important. Afterall there's is always a chance for a tie.

Merry Christmas

There is now only 81 days until Christmas. Today in Sunday School, I lead a Christmas song, and even wore my Christmas/Winter tie.

As I look at the calender I am content and realize I have 80 days before I have to worry about going shopping :)

Blessed Assurance

When we serve Christ we can have the assurance that He is ours, and we can be His. I am so thankful that we can leave everything in God's hands and live in His blessed presence.

(If you click on the link don't forget to have your sound on and you can here the hymn playing. Also there is a good story that talks about the song on the attached web page.)

Polls Mean Nothing

Remember polls in Canada mean nothing. Popular vote in not relevant for determining how a party is polling. Canada operates on first past the post system were only the seats or riding won matter not necessarily the percentage of voters who supported a given party.

Harper's lead in the poll means very little when he can't hope of winning some of the key urban riding's in Ontario. As it is always the case a majority government will be won or lost in the Province of Ontario. Harper will not win any Toronto riding's which will offset his lead in the opinion polls. Sure he's polling way up in the rural Ontario riding's but that means little since we do not operate our Federal elections on an American model.

Remember Canada is a Federal Constitutional Democratic Monarchy or something like that and is vastly different from a Federalist Republic.

Well its not $700 billion at least, well not yet anyways...

Bank of Canada pumps $12B more into markets

Economy Sound: Harper

“We have not been following the same policies of the United States. The economic and financial mess in the United States is disastrous,” said Harper. “The policies have been irresponsible. We’ve made very different choices in Canada.”


I thinks its safe to say that no one won the debate. Harper was too busy defending a platform that he may not have, Dion was busy trying to pronounce his english words, Layton was wondering what the Bloc guy meant that three of them knew they would not win... and May was busy trying to convince her audience that there is more to the Green Party than Green Ideas. In a tie I would have to give the edge to Harper who seemed to defend himself ok.

Election Prediction

Like My Brother, I too will give an election prediction, and just like my dear twin brother I won't give an explanation of my choices :)

Conservatives- 135 (35%)
Liberals- 96 (28%)
NDP- 27 (18%)
Bloc- 38 (9%)
Greens- 5 (9%)
Independents- 0 (1%)


A slightly stronger minority but still a minority for Harper's Conservaties, I can't go as far as to predict a conservative majority like the Canadian Perspective

Who really understands the credit crunch in the USA?

In church this morning the Pastor made a good point, well I mean all his points were good, I meant in reference to his comment asking how many people really understand whats going on with the 700 billion TARP payments in the USA.

I have to admit I really don't understand why the American government would provide long term loans interest free to corporations operating in a state of true capitalism. Why should the corporations that made poor business decisions be essentially given such a large amount of money. In one sense it will keep the American economy afloat for at least the next five years assuming the money is spent wisely, but sense its the government handing out this money, I have very little faith that it will be spent wisely.


I suppose in once sense I'm glad its not us Canadians that have to pay an extra 19,000 a head or what ever the 700 billion works out to.

I'll I can think of is the country of Canada represented by a sail boat in the midst of the Great American Ocean that is beginning to dry up and its only a matter of time before the Canadian economy represented figuratively by the sail boat will run aground.

DOWN IN THE VALLEY

Section 85 Rollovers

As I eat lunch I am reminded of the things that I studied last, night, which is a good thing since I should retain something.

Of course the main thing I can remember about Section 85 rollovers is that it gave me a headache :)

Of course everyone else knows that using the provisions of the income tax act (section 85) one can rollover the assets of a proprietorship, partnership, corporation to a new corporation. I wish the fun ended there, but then you have to consider the nature of the assets and liabilities transferred, the share and none share consideration received, how this impacts PUC, and the ACB of the share and non-share consideration received by the transferor.

Now I know why more and more computers are doing the work of analyzing the different scenarios and combinations of NSC and share consideration. It must save a lot of time, rather that computing the different scenarios manually, although is you've been doing it for a couple decades I suppose the information would eventually sink in :)

As I read the comment i feel i should point out i'm not really an accountant yet, so if using 85 when pod excceed the fmv, i suppose you don't have to second guess yourself, i was just commenting on my studies

Also although i aspire to be a CGA some day the letters in the blog link do not stand for the accounting designation but an acronym for something completely different

Yankees Play Last Game In Stadium

Well the last baseball game was played in Yankee Stadium. Its nice to here that the price for front row season tickets for a family of four are going to be so cheap, in the new Yankee Stadium. The price is about $2500 per game or $850,000 for a family of four to have season tickets. Now granted these are suppose to be the best seats in the house. I started to wonder who would even want these tickets. Well, Someone must because there already sold. Rats and thats what I was saving my money for :)

A Charge to Keep I Have, By Charles Wesley

The lyrics are based on Mat­thew Hen­ry’s com­ment­a­ry on Le­vit­i­cus:
"We have ev­ery one of us a charge to keep, an eter­nal God to glor­i­fy, an im­mor­tal soul to pro­vide for, need­ful du­ty to be done, our gen­er­a­tion to serve; and it must be our dai­ly care to keep this charge, for it is the charge of the Lord our Master, who will short­ly call us ac­count about it, and it is our ut­most per­il if we ne­glect it. Keep it “that ye die not”; it is death, eternal death, to be­tray the trust that we are charged with; by the con­sid­er­a­tion of this we must be kept in awe."

Taxation with Representation

As an exciting new Federal election approaches, we can take great pride in exercising our constitutional right of voting for our respective representatives. One may not like all of the decisions our respective leaders make, especially in regards to Federal spending, but with a 120 billion dollar budget, mismanagement is a fact of life, not necessarily an error. I know I sure wouldn't want the responsibility of operating such a large budget, thats why we should be glad the Stephen Harper wants to be Prime Minister again after all the media has had to say about him over the years, I suppose some people are a glutton for punishment. :)

An interesting Question

As summer approaches and the heat increases in my cubical, I am seriously pondering this question; should I wear short sleeves or long sleeves?

I'm sure everyone would agree that modesty comes before comfort, but then again does the sleeve length make you more holy or modest? The ideal answer to that question would be "no comment". I'm sure everyone would agree that the discussion of sleeve length would make a good topic discussion on myholiness, but then again its been so long since i visted that website, it probably has been. :)

JK

Happy Victoria Day

Its been many months sense I last posted.

I'm still enrolled in the CGA program of professional studies and passed my second exam "Advanced External Auditing". So now I have 2 to 3 years left in my professional studies before I can truthfully say that I am an accountant.

Right now I'm up in Kingston visting Joe and Clarissa, with Mom and Dad.

I guess I'll I have left to say is have a blessed Victoria Day, and God save her majesty, and long may she reign over us and defend our laws.

JC

Soon Canada will own it all?

The Canada Pension Plan Investment Board, (according to the Toronto Star), soon plans to own 40% of Auckland International Airport Ltd. They offered $2.69 per share a premium over other offers.

Evidently the Canadian Pension Board has 120.4 billion in world wide invesments. With that kind of money they could buy up the NHL and truly return the game of hockey to a Canadian game :)

It Does Work?

A few weeks ago I was talking to one of my dear american cousins. And She was right. Using newspaper instead of paper towels on your car windows does a better job, and more importantly does not leave streaks. So I would like to thank my new favourate cousin Valerie.

On another note, this time I selected Windex instead of CLR to wash my windows (that may have had something to do with the final outcome as well). The CLR product is good for most things, but evidently not for windows, carpet or household pets :).

Rise of the Canadian Dollar

Cents [:)] I last posted the Canadian dollar has grown in leaps in bounds, overcoming the American dollar as the true Western Currency :)

I would also like to Wish my dear Cousin Angies, a Happy Independence Day, Labour Day, Birthday and Thanskgiving, and Christmas, New Years, Easter...