Monthly Archives: October 2014

Indian Act is repealed for next five years

The Indian Act was enacted in 1876 to “kill the Indian in the child”; a new one is repealed by First Nations National Chief in order to share resource and push all parties to move forward on land claims.

It introduces two sides to the relationship between the first nation and Indian Act. Some of them don’t like the government interfere too much but they cannot give up its protections. As the article says, the relationship is ambivalent. Other aboriginal people choose to cooperate with the federal government to gain powers to manage lands, resources and the environment. Some radical aborigines set up their own governments instead of working with the federal government.

National chief Shawn Atleo of First Nation has called on to repeal the Indian Act, I think it is a beneficial thing for aborigines. In early time the act actually harmed lots of native children and eliminated aboriginal culture, but it is a multicultural world now, which means we cannot stick to old rules. The new Indian Act helps to promote the economics development in Canada, which is beneficial for everyone. The combination of culture, technology, and natural resources is not only good for Canada but also the whole world.

Link:

http://www.cbc.ca/news/canada/background-the-indian-act-1.1056988

How people fare in the high housing price in London?

In Hu Ke’s blog, we could see that London has replaced Hong Kong become the most expensive city now. People are less capable to afford costly houses. Many of them choose to rent property or even move out of London.

It says there are two possible solutions, and the first one is that building more houses. I don’t think that is a efficient solution neither, as a glut of houses for sale along with foreclosures, tight credit and weak demand have kept the housing market on the ropes, then the economy structure can easily collapse as Ke said in her blog. On the other hand, decreasing sale of houses also harms the economy. Estate developers have more leverage and a better shot at getting an offer close to their asking price, which results in housing shortage for most of people and the price becomes higher.

The second solution is that firms are encouraged work with banks to offer their employees better mortgage credit service. I agree with this solution but I am not sure if it’s can solve it. After all, both banks and companies need to evaluate if individuals have rights to mortgage. I do not think many people would be benefited form this.

However, it is reliable that the government intervene the housing market? I don’t think so. It is a super complex economy system, so even the government needs to be very careful about that and have everything under control. Unfortunately, I haven’t got a good idea for government on solving this problem. What governments can do is just try to make the price increases slowly like “house purchase quota policy”to cool prices.

High housing price becomes a global topic nowadays; so many things stimulate the price that goes crazily high. For now, I think we’d best wait and see what happens next.

Attached link:

Hu Ke’s blog

https://connect.ubc.ca/webapps/portal/frameset.jsp?tab_tab_group_id=_2_1&url=%2Fwebapps%2Fblackboard%2Fexecute%2Flauncher%3Ftype%3DCourse%26id%3D_45362_1%26url%3D

The threats and opportunities for Alibaba after going public

I have just read Feiran’s blog about that Alibaba goes public in American recently. I am very interested in this topic because as a Chinese, Taobao, as the most crucial businesses of its, is closely related to me.

In the blog, it said that going public helps Ali to explore the abroad market, in my opinion, going public also helps to enlarge its market shares in order to become the leader of that. According to the interviews of Jack Ma, I can see his great ambition. He said the future of Ali is full of challenges as well as opportunities. However, although Ali succeeds in China’s e-markets, it still has a long way to go. There are many locally mature businesses like eBay or Amazon, so it Ali therefore needs more effort to enter the existing market that is gradually mature. Thus, I agree with Feiran at this point that Ali should not be so optimistic about the international market.

Moreover, as a Chinese, I know how Ali has influence peoples’ life. It’s like Ali has totally changed the way of shopping. The online market also promotes express service directly to an extremely extent. Ten years ago, no one could imagine that one day Ali would achieve success like that. So I do not think Jack Ma worries a lot about that. I feel so proud that Ali led by Jack Ma is reaching out to the world.

 

Attached link:

Bao Feiran’s blog

https://connect.ubc.ca/webapps/portal/frameset.jsp?tab_tab_group_id=_2_1&url=%2Fwebapps%2Fblackboard%2Fexecute%2Flauncher%3Ftype%3DCourse%26id%3D_45362_1%26url%3D