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#830 Jan 28, 1998Wed824-Envir Wed832Davos next Wed827movie

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TIMELINE FOR 1997 from The GAZETTE

  • December 31, 1997 Low dollar worries exporters Unican president Peter Blaikie " I would prefer to see the dollar above 70 cents." if it goes too low it raises the threat of interest rate hikes by the Bank of Canada to defend the currency and increases the cost of parts the company imports such as electronic components, Blaikie said. ... at 69.81 after hitting a 12-year low of 69.46 yesterday (all time low 69.17)
  • December 31 A year to build on +3.7% , one of the best real growth rates in the industrialized world (although Quebec lagged the pace, growing only 2.5 per cent). More than 300,000 new jobs - most of them full time - were created in the first 11 months, ... unemployment rate to 9 per cent. = to European Union. ...could reach a balanced budget in '98. Considering the Liberals inherited a $42-billion deficit in 1993, that's remarkable progress. 1967 zero debt Lets get back there..
  • December 30 A year not to remember by Paul Wells
  • December 28, 1997 Dilemmas of a new god by Margaret Somerville, Special to The Gazette
    .... but we are now exploring, for example, the ethics of politics, politicians and public policy, ethics in sport, the ethics of public accountability and the ethics of research and research funding.

westweb |------David T. Nicholson |-------Diana T. Nicholson









But watch out for the bank economists. Last year at this time, almost all of them predicted the Canadian dollar would rise from 73 to 77 cents U.S. by the end of 1998.


PARAGON growth for 1997
Dow Jones Industrials +22.6%
U.S. Small cap +47.6%
U.S. Large Cap+43.7%
As of 6 Jan 98

The Paragon Portfolio created by Larry Davis and David T. Nicholson is up 267.59% in seven years. Please e-mail for the required password to see PARAGON Large ALL CAPs portfolio updated to the last 15 min.





New

A Letter from Kuala Lumpur friends
A Confident Nation A new poll shows growing optimism









End-of the-Year Wednesday Night in Westmount

31st December 1997

#826

Canadian Politics

Asked for comments on the local political scene, our resident MNA said he felt that people were tired of the separation and sovereignty debate. Due to the "Fatigue Factor" this item was not pursued!

Leadership

Given the sorry state of the political debate, the host suggested that lack of leadership was the root of the problem and asked the guests to name an outstanding example of a leader from this century.

Examples included Winston Churchill (1874-1965), Pierre Trudeau (Prime Minister - 20 April 1968, resigned 24 Feb '84), Franklin D. Roosevelt (1882-1945, elected US President 1932), and Mahatma Gandhi. The role played by JFK was important because he inspired a new, younger generation to take up public service. It must be admitted that Hitler and Stalin also possessed the qualities of leadership despite their abhorrent political and social philosophies.

Their contributions, merits and demerits were discussed. Important attributes were vision and the ability to motivate people to achieve their full potential, in many cases under very difficult circumstances. On the downside, Trudeau was blamed for his legacy to Canada of a national debt of $200 billion, totally generated during his term of office. This has since grown to over $600 billion because not even the interest has been paid over the last fifteen years.

Ontario and Education

A visitor from Ontario was asked to comment on the changes in the provincial Educational Policy and the resulting teachers strike. The discussion focused on the poor performance of Ontario students in the three Rs that have led some parents to supplement the public education with extra (private) mathematics and literary skills training. Also recommended was a set of enforced educational standards. That is, students that do not pass set examinations are failed and forced to repeat the year until they do pass. The role of the Federal Government was debated. Is there a need to impose some national criteria? The visiting "Minister of Education" from Ontario was given a good counter argument from a teacher's perspective.

The European Union

Question: Will the European Union, and in particular the Monetary Union, succeed?
Answer: While the euro may not be widely accepted in Europe and on international money exchanges initially, it is clear that future success for the EU depends on cooperation, especially in the trade area. Those that are slow to join in the EU initiatives (e.g. UK) will find themselves left behind. In the long run - ethnic, religious, social and political differences will have to be respected and accommodated as part of the greater trend to globalization.

Auld Lang Syne

As the New Year approached, those present thanked the Nicholsons for another stimulating evening and wished them many more in 1998. Following the traditional New Year exchanges of toasts, good wishes and embraces, the subject inevitably turned to the Millennium.

On that note, the celebration of Wednesday Night, December 31st ended without further taxing the participants! Minuted by: Gerald Ratzer, Computer Science, McGill and Diana Thébaud Nicholson



[see#824 Dec 22] Environment Night with Dr. Mihailo Crnobrnja, Janine Ferretti & Gary Gallon
[see#824 Dec 22] India Night with Dr. Mihailo Crnobrnja, Simon and Nimi Potter


Example of a good C.V. by Maurice E. Marwood MBA
How to write a C.V. and find a JOB in the computer age by Herbert Bercovitz

BratsA Window on Wine on the Web





Past week

Enviorment #824 Dec17th
Wednesday #823 on HiTech with Marc Nicholson by Linda Blanshay & Michael Judson Edited by Diana Thébaud Nicholson

Ted Fisher, Chairman of Estate & Benefit Co-ordinators, gave a very cogent explanation of the Reverse Mortgage concept, which could benefit a certain number of senior and/or retired members of the community and their families. While this is not a plan that is yet available in Quebec, it has been widely accepted in the U.S. and may well become more popular here in view of the continuing problems of the over-taxed middle class and the fluctuations of the real estate markets. We will talk more on this subject and soon, we hope to make it work in Quebec.

Please consult our site on the Barron's stories on Martin Barnes and others on the serious concerns around the world about deflation which will most certainly be a topic on Wednesday.

by Hon Lucienne Robillard "PRICE RIGHT FOR BUSINESS"

Also in the Globe "Is China Next?" Marcus Gee ..Recommend by Carl Beigie

The Economist The Economist

Dec 20

+ NATO foreign ministers agreed to keep troops in BOSNIA after June 1998, when the mandate of the current 35,000-strong peacekeeping force expires.

+ ASIAN CURRENCIES were still under pressure: the Thai baht, the Malaysian ringgit and the Indonesian rupiah all hit new lows. Alan Greenspan, chairman of America's Federal Reserve, said the world economy would be stronger once Asia's financial woes are sorted out. But he warned that efforts to prop up misaligned currencies with massive reserves were misguided. A Letter from friends in Kuala Lumpur

See Buisness Central Europe r.



StockMasterStockMaster chart anything

Chart any US Stocks yuorself in JAVA MetaStock

Canadian economy: The authority on the Central Bank stated that the economy is strong,...

Gold: never more a good investment!

 

BusinessWeek Dec 8th ONLINE TRADING: DO I HEAR TWO BITS A TRADE? A price war is slashing commission rates to less than $10 a trade!



A Race to the Bottom?

                                        200 SHARES          3,000 SHARES
                                         AT $20                AT $10

                  FULL SERVICE:
                  AVERAGE COMMISSION     $116.90              $672.59

                  DISCOUNT BROKERAGE:
                  AVERAGE COMMISSION      66.09               145.05

                  ONLINE RETAIL BROKERAGE:  INTERNET TRADES

                  DLJDIRECT                 20.00                60.00
                  E*TRADE (ACTIVE TRADERS)14.95                74.95
                  FIDELITY BROKERAGE        14.95                14.95
                  DATEK SECURITIES          9.99                 9.99
                  AMERITRADE                  8.00                 8.00
                  SURETRADE                    7.95                 7.95

                   DATA: CREDIT SUISSE FIRST BOSTON CORP., COMPANIES
BusinessWeekSATELLITE Available everywhere, but expensive and tricky to set up. But our CRTC will not let us have it in Canada!
DUAL-LINE MODEMS The potential to double current modem speeds, but squabbles among makers could delay indefinitely.
December 29, 1997 The 1998 Fortune Investor's Guide Fortune Picks the Brains of Four Scary-Smart Tech Investors
Stock Market Help & Forecasts from:-
   |--Martin Barnes, Bank Credit Analyst CHART of the WEEK
        |--Hans Black, Interinvest Latest ESSAY
        |--David T. Nicholson  Charts with plots

        |--------Data Broadcasting (Signal)
        |--------equis  MetaStock
        |--------Martin Pring


#830 Jan 28, 1998Wed824-Envir Wed832Davos next Wed827movie

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