[photo] Mark Jeftovic

easyDNS CEO, Career Contrarian & AntiGuru

That comfy cozy Nanny State

A couple of recent developments have got me thinking about the nature of the socialist, nanny state, what it does to people’s self-reliance and the insidiousness of entitlement programs in general.

South of the border, a minimum wage raise has been passed while up here the airwaves are full of cheery ads from the CDIC that the amount of bank deposits covered by the CDIC has been raised to $100,000.

The Canadian implementation of deposit insurance is supposed to be funded by the premiums of its member institutions. Thus the CDIC is a Crown Corporation funded by it’s member banks … Read the rest

Does is matter which side of the trade you’re on in a derivatives meltdown?

When the subjects of options and derivatives come up, even pundits will depart from their usual cheerleading and adopt an admonishing air of “don’t try this home” to the armchair daytraders: “90% of all options expire worthless” they will say, wagging their fingers at the TV camera. The implication being that most amateur daytraders waste their money buying options that expire out of the money.

Which is probably true. But a large chunk of derivatives aren’t bought by the amateurs, many of them are bought by the commercials, funds and institutions by way of hedging their positions and they actually … Read the rest

The problem with remora websites

In the biological world, remora’s attach themselves to larger organisms such as sharks or whales and they “benefit by using the host as transport and protection and also feeds on materials dropped by the host”.

I’ve coined the term “remorasites” to refer to the crop of websites that spring up around any big internet whale and derive their value entirely from servicing that website. The plethora of MySpace profile builders, AOL Instant Message Icon sites, Youtube scrapers all fit this category.… Read the rest

Boom or Crash for 2007?

With the Dow Jones Industrial Average making new highs, Wall St. experts and pundits all agree that 2007 will be an up year for major indices. By the way, they always agree that next year will be an up year. If things look particularly and undeniably bleak, then they’ll predict a “second half recovery” but an up year all the same.

Nobody can say for sure what the future will bring. In general terms you can come out ahead simply betting against economists and weathermen. It may not work all the time, but I suspect it’s statistically better than playing … Read the rest

Have a Parkdale Hookers Christmas Time

Just in time for the holidays, feast your ears on “Have A Parkdale
Hookers Christmas”, a festive seasonal ditty penned and performed by the
my band, The Parkdale Hookers, and just uploaded to the website for your
downloading pleasure.

http://www.parkdalehookers.ca

Enjoy, and feel free to pass this on to any of your friends who may
enjoy the seasonal cheer.

I hope all is well with you and yours, Happy Holidays.… Read the rest

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