First Nations vs. Harper Government over megaproject

A First Nation delegations group, including Indian Chiefs leader Stewart Phillip, challenge the Harper government to reject a hydroelectric megaproject, which will flood 83 kilometres of the Peace River Valley, destroying farmland and wildlife habit.  The First Nations are confident that it should be a slam dunk case that it is expected to see the opposition of the megaproject.  Moreover, Stewart Phillip declared that “B.C. is Indian land” at First Nations leaders’ summit.

According to a landmard Jue decision made by Canada’s hiegest court, “said the Crown can only justify infringing on Aboriginal title lands by “demonstrating both a compelling and substantial governmental objective,” and that the broader benefits “must not be outweighed by adverse effects on the Aboriginal interest.””

From personal perspective, First Nations’ rights were deprived before.  Their lands, property were taken by the government.  I tend to agree with the Indian Chief, Stewart Phillip, that B.C. is Indian land.  In addition, the major business activities for First Nations are fishing and farming.  Taking away their rights to maintain their lifestyle is unfair.

Warren Buffett: Tesco shares ‘a huge mistake’

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Tesco has witnessed consistent decline in sales over the past few years, which drastically disappointed one of the most integral investors, Waren Buffet, who has referred his investment in Tesco as “a huge mistake”.

For Tesco, the mis-statement of its August profit forecast by as much as £250m just became a whole lot more serious.” (Ahmed). Two enforcement agencies are keeping a close tab on Tesco due to this incident. Namely, the Serious Fraud Office (which will investigate if there is evidence of fraudulent behaviour) and the Financial Reporting Council (which governs accounting rules). 

Mr Bailey, the chairman of the Parliamentary Business Committee, told the BBC that his reaction when he heard the news of the accounting error was of “disbelief”.He added he was not happy with Tesco’s response. “They should never have got themselves into this mess and it may be too little too late.”

From personal perspective, it is obvious that investing in Tesco is a mistake as the firm has absolutely no sign of growth and progress in sales and with huge competition through 7 Eleven, Tesco would not be able to survive in the market very long especially with the accounting errors occurring from within the firm itself.

 

Facebook given green light to buy WhatsApp

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Whatsapp has been known as one of the greatest messaging apps worldwide.  With is change in leadership and ownership to Facebook, one could only hope an improvement in the app instead of drastic changes.  According to the article, Facebook finally got the green signal to purchase whatsapp for 19 billion dollars, issued on 3rd October, 2014.  European competition commissioner Joaquin Almunia said: “We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps.”

The telecom companies have begun to fear the growing power of US technology.  “The deal is the largest in Facebook’s 10-year history and will give the most popular social networking site a foothold in mobile messaging.” (BBC)

I beg to differ the fear from telecom companies as messaging apps consume a considerable amount of data.  As there’s a growing trend for using messaging apps over making phone calls, telecom companies can focus their resources towards providing better data plans and an opportunity to grow.  As a loyal user of whatsapp, I fear whatsapp being priced out by Facebook as there is a huge possibility of  more than a couple of changes in the app just the way blackberry messenger for an android was much more different from the one on the blackberry smartphone.  Most users still preferred the original version of BBM.

The loonie: Who wins, who loses when it takes a beating

The article demonstrates the Loonie and how the value of the Loonie has been declining since the beginning of the year 2013 with professionals predicting signs of consistent drop in the value of it in the future. With that in mind, it further elaborates on who the winners and losers of this price fluctuations.  With consumers and travellers being the obvious losers and the winners being the exporters to the US or those possessing a lot of international sales benefit from the weakening of the dollar. Conversely, the manufacturers are the losers when the price of dollar grows stronger and encourages more imports of machinery from the US into Canada in order to improve productivity in the country.

This article caught my eye for its informative display from two distinct perspective of potential winners and losers form the weak and strong value of the Loonie and takes into consideration of both the groups rather than an article focusing mainly from one groups point of view and expressing their thoughts.  In addition, traveller and manufacturers are not the only ones thats affected by the fluctuation in the value of the loonies.  International investors would also be the influenced.

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