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Two weeks is too much?

Feb 08, 2022

With sky-rocketing housing costs and inflation at a 30-year high, millions of Canadians find themselves scraping by between pay periods. [...]

The most recent survey from the Canadian Payroll Association found that 36 per cent of respondents said they live paycheque to paycheque.

But proponents of a new approach to payroll called "early wage access" say time's up for the traditional model of getting paid once every two weeks.

Canadians have stagnant wages, inflation is the highest in 40 years, an average house in the big cities goes for over $1 million, and the federal government imports 400,000 people every year. Yet, the media discusses this so-called problem of delayed payroll:

Early wage access — also known as on-demand pay — is facilitated through app-based, third-party services offered by employers. These allow workers to get some of the money they've already earned without the two-week delay or the high interest rates offered by pay-day loan services. [...]

If your cellphone bill is due a couple of days before payday, you could access the funds to clear that bill before incurring a late fee, for instance. Or you could restock groceries when you run low instead of eating ramen for a week.

Most Canadians get paid every two weeks. If you worked from Jan. 30 to Feb. 12, then you'll get paid for that period on Feb. 17. So, one has to wait 18 days to get the pay for the work on Jan. 30. However, there's a flip side. Everyone has access to credit. One can spend on a credit card for the whole month of January and get the bill on Feb. 1. The due date is Feb. 21. This delayed payroll and interest-free credit spending largely cancel out themselves.

Now, if you've got student loans, car payments, maxed out credit cards, and a negative balance in your chequing account, then instant on-time pay is not going to be the solution to your problems.

Posted at 04:53 PM in Economics, Politics | | Comments (0)

Fraud avoided?

Feb 05, 2022

The backlash was so brutal, they folded quickly on this point:

At least, now, the donors can use their money through a different platform.

Posted at 05:37 PM in Politics, USA | | Comments (0)

Can't say NO to D.I.E.

Feb 04, 2022

Aurora, Colorado Chief of Police Vanessa Wilson fired Officer Douglas Wilkinson on Thursday.

Did the police officer assault or murder an innocent civilian?

The investigation was opened following an email sent by Wilkinson to 235 members of the department on November 16, 2021. Five employees came forward making a complaint about the contents of this email.

The email said in part, “I suppose that the city could do political polling to make sure that the average politics of the department reflects the political ‘diversity’ of ‘the community.’ Or, to match the ‘diversity’ of ‘the community’, we could make sure to hire 10% illegal aliens, 50% weed smokers, 10% Crackheads, and a few child molesters and murderers to round it out. You know, so we can make the department to look like the ‘community.'”

The police can get away with shooting and killing innocent people but a feisty anti-diversity email is where the departments draw the line? They deserve the contempt.

Posted at 09:47 AM in Politics, USA | | Comments (0)

Meta Murdered

Feb 03, 2022

Over $200 billion evaporated in a few minutes:

Facebook parent company Meta (FB) took a shellacking Thursday morning following its Wednesday Q4 earnings results, amid a miss on earnings per share and a dreadful outlook for Q1.

Investors fled the company’s stock, sending it plummeting more than 20%, it’s largest post-earnings drop ever.

[...] Deep in Meta’s earnings slides, the company revealed that its user growth has slowed to a little more than a trickle. And in the case of daily active Facebook users in particular, the company actually lost 1 million users.

It's down 26%. Option holders must have made an absolute killing today.

After markets closed, Meta became number one with an unwanted record:

Facebook parent company Meta shed more than $220 billion in market capitalization on Thursday, the largest such single-day decline for a U.S. company in history.

Meta’s stock closed down more than 26% on Thursday, an 85-point decline. The drop was largely driven by a quarterly earnings report that found the company was hemorrhaging daily users for the first time in its history. CEO Mark Zuckerberg personally lost about $24 billion.

Posted at 09:39 AM in Economics, USA, Web/Tech | | Comments (0)

Phobias and -isms unite!

Feb 02, 2022

Prime Minister Zoolander is a one-trick pony:

Buzzwords Bingo! How does one even parody that?

Posted at 04:45 PM in Politics | | Comments (0)

Small tool gone

Feb 02, 2022

Yes, he was. Last year, on two of the biggest issues facing Canada, he sided with the Liberals in power. He flipped from his initial position and supported vaccine passports. He didn't say one word about decreasing immigration to stop the pressure on wages and cool the housing market. There was zero reason for real Canadians to vote for that Toole.

Posted at 04:16 PM in Politics | | Comments (0)

That crazy horse paste!

Feb 01, 2022

The anecdotes about Ivermectin are adding up:

Japanese trading and pharmaceuticals company Kowa Co Ltd on Monday said that anti-parasite drug ivermectin showed an "antiviral effect" against Omicron and other coronavirus variants in joint non-clinical research.

The company, which has been working with Tokyo's Kitasato University on testing the drug as a potential treatment for COVID-19, did not provide further details.

Unfortunately, there's little money in it. So, Big Pharma will do its best to diminish and make fun of those who support it.

Posted at 10:49 PM in Politics | | Comments (0)

The battle for support

Feb 01, 2022

Trudeau knows that if he loses here, then he won't be prime minister for long. Will Prime Minister Zoolander keep the normie support by continuing to call the truckers mean names or will the majority of Canadians finally get sick of the government bullshit and side with freedom?

This month will be critical. The truckers have to keep up the pressure.

Posted at 08:27 PM in Politics | | Comments (0)

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