Archive for the ‘articles’ Category

When the economy (and financial markets) are at it’s extremes, either doing extremely well or extremely poorly, dangerous financial products and ideas become more prevalent.

Portus, Eron Mortgage Corp, Shire International Real Estate Investments, and Arbour Energy and just a few Canadian examples. The one common denominator they share, is they all are catagorized as Exempt Market Securities.

What are Exempt Market Securities?

…when companies (issuers) sell securities such as stocks, options, or bonds, they are generally required to file a prospectus. This document contains material facts about both the issuer and the security. However, in certain cases securities can be sold without a prospectus and these investments are called exempt securities; the sale is called an exempt distribution or a private placement.

What should I know about Exempt Market Securities?

These investments are not for everyone. A prospectus is meant to ensure an investor has key facts to be able to make an informed decision. Without it, you may be taking a greater risk with your money. Be aware that:

-If you buy an exempt security, you may not have the same legal rights as you do under a prospectus.

-Most exempt securities are subject to resale restrictions. This means you may not be able to sell them for a certain period of time.

-Even if no resale restrictions apply, there might not be a market for the securities you purchased, either because you would not be able to find any purchasers or they may not qualify to purchase the securities.

-Some exempt securities are not liquid. Liquidity means that you can sell an investment in a short period of time and turn it into cash. Some exempt securities, such as hedge funds, may require longer periods to redeem.

-Because these investments are bought without a prospectus, there may be very limited information available on which to base your investment decision.

-When an issuer sells its exempt securities, it may not use a registered dealer as an agent. This means, when you buy from an issuer, you may not get the same protection you would get when you buy from a registered dealer.

–from a release by the Nova Scotia Securities Commission and cirrulated by the other regulators. (footnote 1)

A disclosure document put out by the BCSC includes this simple explanation (footnote 2):

They are called exempt market securities because two parts of securities law do not apply to them. If an issuer wants to sell exempt market securities to you:

-The issuer does not have to give you a prospectus (a document that describes the investment in detail and gives you some legal protections), and
-The securities do not have to be sold by an investment dealer registered with a securities regulatory authority.
There are restrictions on your ability to resell exempt market securities.Exempt market securities are more risky than other securities.

Disclosure documents (be it a Prospectus, when regulated by the Securities Act, or a Policy Contract/Information Folder, when regulated by the Insurance Act), exist for a reason, To protect the investing public. There is no evidence proving the absentence of disclosure documents increases potential return, but it is well known to increase risk.

Policy Contracts and Prospectuses are the financial world’s equivalent to seat belts. Hopefully you won’t have to depend on them in a life or death situation. The best option for most regular folks is to just avoid these dangerous investments. Just like it always advisable to wear your seat belt.

Canadians confused by left & right.

A large number of Canadians do not know the difference between the political right and the left, according to a new poll conducted for Southam News and Global Television. This is the first in a four-part series.

Canadians confused by left & right.

 

 

I Finally Figured Out the Spell Checker

Posted: September 21, 2011 in articles

I halve a spelling checker,
It came with my pea see.
It plainly marks four my revue
Mistakes I dew knot sea.

Eye strike a key and type a word
And weight four it two say
Weather eye am wrong oar write
It shows me strait aweigh.

As soon as a mist ache is maid
It nose bee fore two long
And eye can put the era rite
Its rarely ever wrong.

I’ve scent this massage threw it,
And I’m shore your pleased too no
Its letter prefect in every weigh;
My checker tolled me sew.

HDR photography

Posted: September 20, 2011 in articles

Wikipedia defines High Dynamic Range as…

In image processingcomputer graphics, and photographyhigh dynamic range imaging (HDRI or just HDR) is a set of techniques that allow a greater dynamic range of between the lightest and darkest areas of an image than current standard digital imaging techniques or photographic methods. This wide dynamic range allows HDR images to more accurately represent the range of intensity levels found in real scenes, ranging from direct sunlight to faint starlight, and is often captured by way of a plurality of differently exposed pictures of the same subject matter.[1][2][3]

The two main sources of HDR imagery are computer renderings and merging of multiple low-dynamic-range (LDR) [4] or standard-dynamic-range (SDR)[5] photographs. Tone-mapping techniques, which reduce overall contrast to facilitate display of HDR images on devices with lower dynamic range, can be applied to produce images with preserved or exaggerated local contrast for artistic effect.

Standard Photo

HDR Photo

 

 

 

 

 

 

Luckily for me, my iPod Touch can do HDR photography relatively easily.

http://am22tech.com/s/22/Blogs/post/2011/07/18/Digital-ShopLifting-You-Can-Be-Caught-For-Taking-Pictures-Of-A-Dress!.aspx

In an era of SmartPhones, where a mobile phone is considered useless without a camera phone, how can you resist to use it for sharing the dress you just tried in a mall or the hair style in a magazine that you just discovered in its latest issue without buying it?

Well, i bet that most of us would have shared the pictures with our friends or family members to get their review before even buying the dress or getting that hair cut. But have you ever taken the permission of the owner before taking the picture and sharing it?

http://am22tech.com/s/22/Blogs/post/2011/07/18/Digital-ShopLifting-You-Can-Be-Caught-For-Taking-Pictures-Of-A-Dress!.aspx

The Economics of Happiness – Jeffrey D. Sachs – Project Syndicate.

NEW YORK – We live in a time of high anxiety. Despite the world’s unprecedented total wealth, there is vast insecurity, unrest, and dissatisfaction. In the United States, a large majority of Americans believe that the country is “on the wrong track.” Pessimism has soared. The same is true in many other places.

Against this backdrop, the time has come to reconsider the basic sources of happiness in our economic life. The relentless pursuit of higher income is leading to unprecedented inequality and anxiety, rather than to greater happiness and life satisfaction. Economic progress is important and can greatly improve the quality of life, but only if it is pursued in line with other goals.

In this respect, the Himalayan Kingdom of Bhutan has been leading the way. Forty years ago, Bhutan’s fourth king, young and newly installed, made a remarkable choice: Bhutan should pursue “gross national happiness” rather than gross national product. Since then, the country has been experimenting with an alternative, holistic approach to development that emphasizes not only economic growth, but also culture, mental health, compassion, and community.

Dozens of experts recently gathered in Bhutan’s capital, Thimphu, to take stock of the country’s record. I was co-host with Bhutan’s prime minister, Jigme Thinley, a leader in sustainable development and a great champion of the concept of “GNH.” We assembled in the wake of a declaration in July by the United Nations General Assembly calling on countries to examine how national policies can promote happiness in their societies.

All who gathered in Thimphu agreed on the importance of pursuing happiness rather than pursuing national income. The question we examined is how to achieve happiness in a world that is characterized by rapid urbanization, mass media, global capitalism, and environmental degradation. How can our economic life be re-ordered to recreate a sense of community, trust, and environmental sustainability?

Read the rest of the Article ….

The Economics of Happiness – Jeffrey D. Sachs – Project Syndicate.

A woman gets onto a bus with her baby.

The bus driver says, “That’s the ugliest baby that I’ve ever seen. Ugh!”

20110909-124238.jpg

Lumpy may be a bit of a monkey, but he ain't ugly!

The woman goes to the rear of the bus and sits down, fuming. She says to a man next to her, “The driver just insulted me!”

The man says, “There’s no call for that. You go right up there and tell him off. Go ahead, I’ll hold your monkey for you.”

 

Photo by www.melissaannphoto.com