Harper's Government to Fall?

Liberals to oppose lumber agreement

The Liberals have joined the NDP in a surprising move to attempt to bring down the government. The Liberals should look back to when Harper was first elected to lead the Conservative Party, and the time it took to draft a new policy. They won't give their potential new leader any time to prepare, if they try to defeat the soft wood lumber bill.

Of course, the Harper threat of making it a confident motion could be just a threat, with no real substance. If that's the case the opposition parties (well at least the NDP) will cry out in defeat, as their positive that they can win one more seat with a new election :)

Remember a confidence motion unless stated other wise by the Prime Minister must be a money bill of some sort.

Harper's alright in the opinion polls and it would be political suicide for the Liberals to carry through with the threat. They must be confident that the Bloc will support Harper. After all the Liberals would hate to vote with the Conservatives when they don't have to. This way they can say in the next election that Harper was working with the Separatist's. Its the pot calling the kettle black isn't it?

Gas Prices as low as 76 cents in Toronto

Relief at the pumps!

Know Your Rights

CRTC issues 'bill of rights'

Did you know that you're legally not supposed to get calls from telemarketers hawking their goods and services with automated recordings?

Ever bothered by annoying computer messages? Well CRTC wants Canadians to know their rights

Fountain of Youth

David Copperfield says he's found Fountain of Youth

I guess some people will say anything to attract visitors to their private resort. At $300,000 a week, it doesn't sound like a scam to me :)

Maybe he should just become a Christian and he won't need to worry about the fountain of youth.

California Candy Makers See Virgin Mary

Chocolatier believes column of chocolate drippings looks like the Virgin Mary (with photo). --AP

New Mayor of Chatham-Kent

Chip Gordon to run in the November mayoral race in Chatham-Kent, as Wallaceburg tries to regain control of the municipalities top
position sense they held it for a year in 1996, when Joe Talyor was Warden of the former Kent- County

What about the bottom 1.7 million?

"Have both governments and the Canadian public turned their backs on the poorest of the poor?"

Harper needs Confidence?

Prime Minister Harper has threatened to make the lumber bill a confidence motion, that could result in the defeat of his government.

Pondering

Doug Gilmour could possibly become the coach of the Toronto Maple Leafs farm team the "moral's" Could this be a 5 year plan that may see the former hockey great coaching the leafs in 2011 or 2012? Wouldn't that be something to have Coach Gilmour and Assistant Coach Wendle Clark? :)

Another thing I've been pondering is the phrases that some people find offensive. Yesterday I saw a license plate that had "Red Power" written on it. Why can Natives claim what they do is a form of Red Power, and African Americans claim Black Power as there slogan but for a white individual to say white power makes them a racist? Maybe its part of North American culture, or the fact that the major wars were initiated by white ego menaces, or maybe its because of the hot weather or oil prices? :)

Joe's Getting Married

If you visit the enlightening blog of J.L Krohn you undoubtedly are aware of the news of the day. My dear friend Joe Krohn, is getting married. Joe is a really special friend to me, I feel like I've known him my whole life. Evidently he feels the same way because he asked me to be his best man.
He and Clarissa Elaine Atchley plan to marry on the second Saturday of June, 2007.

In interview Joe was quoted as saying "It was an exciting day, we went to Cateract Falls, in western Indiana. It was a very beautiful spot for a picnic lunch, walking, playing "catch-phrase", and reading the Bible and praying together. I asked Clarissa, at a section of rock, overlooking the Lower Cateract Falls. We then went to Chicago Pizza for supper, and then headed back to Westport. On the way we stopped at Wal-mart to purchase ice-cream for Clarissa's father (a Krohn family tradition) and I also got flowers for her mother."
Best of wishes Joe and Clarissa. I always wanted a brother and a sister.

P.S I finally got to out scoop the BBB on an important news story :)

The Apples are Falling

Investors of Apple Computer INC. now know the exhurbating experience that Newton experienced when the apple fell on his head (Newton's theory of "Universal Gravitatino")

12,000

No its not the number of hits on the BBB , but is included in some of the following:

• The number 12000 is used 25 times in the Bible.
• The surface of the Earth represents the 12000th part of the Sun.
• The average distance from the Earth to the Sun is 12000 times the terrestrial diameter.
• A brand of routers by Cisco (12000 Series Routers)
• Tactile12000 which is Virtual turntable software for the manipulation of digital audio files.
• And for Canadians its the value that the Toronto Stock Exchange (TSX) finished above today for the first time since May
  

The Paradox

Cuban President Fidel Castro, health is stable after surgery or is he?
Could his health condition be a secrete US plot to assassinate him?
Or maybe its the result of being a egoistic dictator for almost 50 years has finally got the better of him.

As the Cuban leader is reassured with public signs saying, "happy 80th birthday Fidel, rule for another 80" I am reminded of a short Canadian example illustrated verbally by my brother who is too busy to post on his blog right now (according to the BBB any ways).

Sir John A. Macdonalds (Canada's first Prime Minister) was praised with similar signs to that of Castro saying "You'll never die John A", and three months to the day he was dead.

It certainly is a paradox, (at least I think, maybe not, but it made a better sounding title)

Am I saying that historical and political rhetoric are against Castro's chances? Well I guess... but I'd hate to say something profound that would undermine my "Father of Accounting" article that are getting raved reviews on the BBB.

I think the BBB is like the British BBC only its in Canada, in direct competition with the CBC. :)

LEO and the Lions Den

Sunday School Story:

Many years ago there lived a lion named LEO.

From his early years as a cub, he was given the training and responsibility to be King Darius’s chief executioner.

He was the head lion of the noble king of the beasts.

One day as usual himself and his fellow lions were waiting at the usual spot to begin their daily work.

They looked up as the stone was rolled away, and they saw the king himself was a witnesses to the execution. LEO roared to his subordinates “come on boys, the King is here, we better make sure we do a good job”

LEO heard King Darius wail “Oh Daniel may the God you serve protect you”.
LEO wondered to himself that is was very strange to show regret to the man that was dropping in for brunch.

But as LEO would account to future generations of lions in the Kings service, there was something different about this man they called Daniel.

LEO recounted that his mates and him had no appetite to eat the prisoner. Oh well said LEO to himself there is always a mid-afternoon snack or dinner. But as the day and night progressed they still had no appetite.

LEO wondered to himself maybe the great creator of the animals wanted this man to live.

LEO then observed Daniel and saw that he was constantly murmuring a prayer. “AH I see” said LEO, “he’s still praying for his life.” But as LEO listen Daniel was praying for King Darius and the rest of the people.

LEO then confirmed in his mind that the creator of the animals did in deed want this man to live. So with a quiet word of comfort that a small kitty cat might do he sauntered over to were Daniel lay in prayer and sat down beside him to keep him warm through the cold dessert night.

The next morning LEO heard the stone being rolled away. He was hungry again, but only saw Daniel as an equal, not as something to eat. “Hmmm” said LEO, “Daniel sure looks scrawny I better make sure he gets a good portion of today’s feed.”

But to his surprise the King called out to Daniel and asked if he was still alive and then a rope was lowered and out went Daniel. “Wow” said LEO “he’s the first person to make it out of here from the top”.

LEO and his friends then felt really hungry when they heard King Darius order the men who arranged for Daniel to spend a night in the den to be cast in. LEO then heard the final commands of the King that truly Daniel’s God was the one true God and that he only should be worshipped.

“Amen” said LEO as he began his lunch.

Luca Pacioli "Father of Accounting"

Fra Luca Bartolomeo de Pacioli was a great Italian Mathematician and Accountant. He lived from 1445 to approximately 1514.

In 1470 he became a friar and travelled as a mathematics tutor until 1497.

Pacioli published several works on including:

1. Summa de arithmetica, geometrica, proportioni et proportionalita (Venice 1494), a synthesis of the mathematical knowledge of his time.
2. Geometry (1509), a Latin translation of Euclid.
   De divina proportione (Venice 1509),
3. a work on mathematical and artistic proportion.
   Summa de arithmetica... included the first published description of the method of keeping accounts that Venetian merchants used during the Italian Renaissance, known as the double-entry accounting system.

Although Pacioli reported rather than invented this system, he is widely regarded as the "Father of Accounting". The system he published included most of the accounting cycle as we know it today. He described the use of journals and ledgers, and warned that a person should not go to sleep at night until the debits equalled the credits! His ledger had assets (including receivables and inventories), liabilities, capital, income, and expense accounts. He demonstrated year-end closing entries and proposed that a trial balance be used to prove a balanced ledger. Also, his treatise alludes to a wide range of topics from accounting ethics to cost accounting.

Jays ship Hillenbrand to Giants

Following up on his promise to rid himself of Shea Hillenbrand, Toronto Blue Jays general manager J.P. Ricciardi traded the disgruntled infielder Friday night to the San Francisco Giants.

Ricciardi also shipped relief pitcher Vinnie Chulk to the Giants for reliever Jeremy Accardo.

Hillendbrand was designated for assignment Wednesday night after a series of events that led to a confrontation with Blue Jays manager John Gibbons.
While he was in the team's clubhouse, Hillenbrand wrote the words "Play for yourselves" and "This is a sinking ship" on the board.
The message prompted a clubhouse argument between Gibbons and Hillenbrand.
Gibbons reportedly challenged Hillenbrand to a fight in front of the team.
Hillenbrand then ripped the Jays' organization in an anger-filled tirade to reporters during batting practice.
Hillenbrand revealed his displeasure for not having a regular position and being used primarily as a designated hitter. He also claimed that management failed to congratulate him and his wife for adopting a baby girl.
Hillenbrand, who is making $5.8 million US this season, is batting .301 with 12 homers, 15 doubles and 39 RBI.
He'll likely take over the first base duties for the Giants.

Should Non-Taxpayers utilize Tax Dollars

Choppy start to sea escape

Should Lebanonese-Canadians (who have dual citizenship and reside permanently in Lebanon) pay for the aid that Canadian tax payers are so willing to send for free?

The American Goverment is charging their citizens for the transportation back to Crete. Shouldn't we be aiding Canadian tax-payers who actually live in Canada first.
According to the Canadian embassey in Lebanon only a fraction of people actually registered witht he embassy (meaning that this represented the Canadian tourists). Why should we as tax payers pay for individuals who have chosen another country over Canada. They don't meet the residency requirment as a Canadian tax payer, and should not enjoy the benefits that a truly Canadian citizen enjoys.

So You think that Taxable Income = Taxes Payable?

I'm sure none of you were taken by surprise of the not so clever title .

For a corporation's bookkeeping, taxable income never equals tax payable.

There are differences in the bottom line of accounting income and taxable income. Not all the expenses permitted by the CICA handbook and GAAP recognition are legitimate deductions from taxable income.

Two main differences include

1. Temporary Differences: occurs in one period and then reveres itself out in subsequent periods. Example of this is depreciation, warranty costs, bond discounts or premiums etc. The depreciation method used by the corporate entity may not match the CCA reporting requirement for amortization to generate the entities taxable income.
2. Permanent Differences: the item enters into the reconciliation of taxable income in one period, but does not create future income tax. Examples of these include 50% of meals and entertainment (only 50% are tax deductible), golf memberships (o% are tax deductible), dividends received by a Canadian Corporation from another Canadian Corporation.

Monkey Business

In 1705 Britain was at war with France. One morning on the beach of West Hartlepool, England, the villagers watched in amazement as a hairy stranger climbed out of a rowboat. The odd-looking creature jabbered unintelligibly. The stranger was actually an ape, previously the mascot of a wrecked ship. The villagers were not at all familiar with apes. They court-martialed the beast, found it guilty, and hanged it as a French spy.

Taxman Cartoon

You weren't planning on using ALL of the money you earned were you?