UrtheCast is an incredible business venture that will commence in the next year.

After listening to Wade Larson, the Co-Founder of UrtheCast, a lot of  interesting question arise. Firstly, will UrtheCast start a new market  of commercial space photography? How beneficial will UrtheCast’s  contract with Russia be for the nation’s interest? And will it cause  other countries to create partnerships with UrtheCast? I speculate a  positive response to all my questions; but we’ll have to wait and see the results after UrtheCast’s inauguration.

Sources: http://www.urthecast.com/blog/about/

Wade Larson talk at Sauder School of Business on November 8th

http://www.404techsupport.com/2012/08/urthecast-247-live-hd-streaming-video-of-earth-from-the-iss-coming-next-year/

Unfortunately, it seems Canada isn’t quite yet in the clear. According to TransUnion, Canadian debt is increasing at a rate 400% higher than inflation over the last five years, and non-mortgage debt increased in the second quarter of this year. Experts speculate that this is due to a lack of alarming headlines; Europe’s bad news have started to dissipate, and the U.S. is reporting job growth. So people have to started to buy new cars and luxuries again, but if the spending doesn’t stop soon, Canada will face an economic downturn again.

Source:  http://business.financialpost.com/2012/11/14/canadians-debt-loads-grew-at-fastest-pace-in-two-years-during-summer-spending-spree/

Soundcloud has an amazing point of difference. It is the first social media website which succesfully allows individuals to share their own musical creations, much like Youtube allows its users to share their experiences through video, Soundcloud allows its users to share their experiences and interests through music files. Unlike the other social media websites like Facebook, Youtube and others, Soundcloud doesn’t create its revenue through advertisement, it lets users interact and use the website for free and also offers a premium service at a cost. Soundcloud has grown steadily since inception and will clearly continue to do so because since it already has millions of users, it will be very difficult for a new competitor to dislodge Soundcloud from its current position.

Sources: http://www.fastcompany.com/most-innovative-companies/2012/soundcloud

http://www.sonicscoop.com/2012/06/24/inside-soundcloud-how-it-integrates-with-other-apps-and-why-that-matters-to-music-creators/

In my opinion, this is yet another clear indicator of the economy`s direction. Since the rate of young Canadians living at home has been rising steadily since at least 1981, It`s fairly clear that young Canadians are having less and less opportunities in the past 30 years. Coupled with the ever rising price of real estate it`s easy to understand why this trend is happening. Hopefully Jim Flaherty`s initiative to decrease the price of real estate will actually drive the prices down, and housing will become more accessible. That way the Sauder class of 2016 won`t be living with their parents until they`re 30.

Sources: http://business.financialpost.com/2012/10/06/letting-your-adult-kids-move-back-home-comes-at-a-price/

http://gawker.com/5581481/being-young-and-unemployed-sure-is-trendy