danshao

OTTAWA (Reuters) – Canada’s construction sector showed more weakness than expected in August, with a sharp decrease in plans for commercial and institutional buildings while housing showed a more modest decline, according to Statistics Canada data on Monday.

http://ca.news.yahoo.com/canada-building-permits-fall-august-housing-cools-123944458–business.html

The building permits in Canada is not so stable at all. In August, it  fell 21.2 percent after jumping 21.4 percent in July to a record high. This may results in many issues.

Just like what Finance Minister Jim Flaherty  comments “the housing sector is ‘calming’ after a period of worry that a post-recession housing boom would turn into a bubble”

I have only been to Vancouver, where the housing price is comparative high among the cities in Canada. I used to think the situation should be blamed to the real estate speculators and the rich people from the world. Then I notice that the housing market here is not so friendly to normal people. The fact that the price for building permits is not stable may lead to wait and see  mentality and panic because no one knows what time the housing price would go up and down. Right now the housing market becomes cool, which is a common phenomena but really should be paid attention to its deep reasons

NEW YORK (Reuters) – U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous.

http://ca.news.yahoo.com/stock-futures-down-washington-stalemate-continues-113551834–sector.html

The U.S government partial shutdown due to the fact that the politicians on Capitol Hill have failed to agree a new budget for the 2013-2014 financial year. Therefore, there’s no legal agreement to pay non-essential staff.At the beginning of the shutdown of U.S government, both American and people in other country treated the event as a farce cause it happened  for several times before.

Right now the things changed. Up to a million workers being furloughed. Investors are also looking ahead to the upcoming debate over the debt ceiling, which could result in a default on U.S. debt if a deal isn’t reached cause then America would run out of borrowing room in the mid-October.

Another fact is that about 70 percent of Nasdaq-listed shares closed lower while more than three-fourths of stocks traded on the New York Stock Exchange ended down.

We always compliment the combination of free-market and government control. Then we notice that the legislation is another vital factor in economics. What I mean is that how the government works and what the works based on really make a difference in the real world. The things should catch up and fit the modern pace rather than stick to the tradition. Even though America is the world largest economics. Now that we see the negative impact.

http://www.theguardian.com/world/2013/sep/30/us-shutdown-explainer-non-americans

It’s not just about the second-quarter earnings which showed a near $1 billion write-down for unsold Blackberry Z10 phones. It’s not about the fact that the BlackBerry PlayBook, the company’s first and only tablet offering, failed. It’s not about the fact that CEO Thorsten Heins, who took over Jim Balsillie and Mike Lazaridis, was stiff and never resonated with consumers, the media or investors. BlackBerry’s downfall stems from much more than that, going back six years.

http://bgr.com/2013/09/30/blackberry-downfall-analysis-iphone/

One day the professor in COMM101 asked that how a company may lost 1 billion dollars, which let me lost in thought.In 2007, BlackBerry was the leader of the tech industry even though in that year Apple announced the iPhone, with then CEO Steve Jobs introducing the revolutionary phone.

But things changed right now. Millions of crowded forward to buy a iPhone5s in the midnight while BlackBerry is seldom to be seen on the street.

In the past, BlackBerry was known for its well-designed system and the friendly control method. However, when  iphone leads whole world with touch screen and modern larger one, and sooner became what customers really prefer.

At that time, BlackBerry didn’t catch up with the fashion and still sticked to its keyboard. Even though BlackBerry tried their best to renew its system and developed new phones with touch screen, it seems that the things  didn’t go well at all. In the contrary, siri, google voice and the fantastic outlooking of products from other companies make people feel that BlackBerry is poor in producing smart phone, which leads to the result that BlackBerry is no longer preferred by the most of customers. It could be a mass with marketing failure, accounting failure and many other troubles happen together that make a company lost 1 billion in a quarter year.