Tuesday, April 26, 2016

San Francisco: I Left The BART, in San Franciscoooooo....

"...The loveliness of Paris seems somehow sadly gray
The glory that was Rome is of another day
I've been terribly alone and forgotten in Manhattan
I'm going home to my city by the Bay..."

A more successful trip to San Francisco than my previous two brief ventures leaving me thinking San Francisco was "just a Seattle with palm trees". Challenging terain in some areas (hence the cable cars) so not stroller friendly, high heels friendly or running friendly (neither of which impacted me).  The outer edges by the water are much more forgiving.  Everything seemed to be the same prices; however, in US$ (versus our Trudeau Trinkettes) with exception of the nearby Nordstrom Rack.  Drivers are aggressive and do not cross the street if you see anything less than "5" on the pedestrian countdown.  Shuttle services are great and only $15 per person to or from airport. 

One of the popular attractions, Market St., shall satisfy most with its collection of brand name stores and Starbucks at every corner (hence my mistaking for a warmer Seattle); however, the main attractions are the assortment of colourful old streetcars from years gone by (I even saw one from Toronto, a gleaming "Red Rocket" that looked better than any piece of transit equipment the TTC has ever owned, and a smoother ride too!).  If staying in or near union Square, these street cars will take you straight to the piers by the waterfront for an enjoyable US $2.25 (or less than a C$ TTC fare).

The piers offer many options for dining, patios and drinking a sunny afternoon away.  One restaurant to go to in the early evening for a sunset is Tarantino's, although a drink and an appetizer is about all you need as this place is stuck in the 80s, but the location must have been strategically chosen by ancient Mayans.  The staff are friendly, the local Anchor Steam is a decent beer and the appetizers are of a healthy size.  Next you want to go to Boudin, famous for its sourdough bread and the bread bowl chowder (carb loading Heaven).  Although more famous, the seals are available to watch as they crowd some nearby docks and make their low octave growls while most are just sleeping.  Do not feed them. 

Another well known instituition of San Francisco is Lori's, a cheap and cheerful diner establishment, it was a welcomed destination after a 6am arrival into San Francisco from Kauai.  Three locations are in town and there is no award for conquering all three. As I found out. 

San Francisco is a happy hour friendly city and with Napa and Sonoma close by, good thing it is!  Many are offered along Hyde Street which is also a cable car street with many stops. However, if walking Hyde Street just remember it is a cable car steet for a reaon so just make sure your have planned the right route....that is, downhill!

A bike ride around town is one way to appreciate the city (and its hills!).  There are a few bike rental companies in town, all offering a similar deal: US$8 to 9 per hour or US$ 32 to 36 per day. Included usually are free ferry tickets to return once you've crossed the Golden Gate Bridge into Sausalito and Tiburon.  I'm not sure if this typical but can be a windy ride as some of the route is along the ocean front (that included sand and a free exfoliation). Before that is a good portion of the route stretching through Golden Gate Park, a cruising cyclist's paradise. Nevertheless, plan at least half a day (likely the better part of a full day) to explore and take in all the sights with restaurant options in Sausalito and Tiburon as a destination before returning on the ferry.  Most of the bike rental companies have a few locations so you can drop at a different area if your plans change....for US $10 extra. Another option is the local bike share.  Or for a more attention grabbing transportation method try "GOCar", a two seater, yellow monster driven almost like a motor bike.  Helmets provided and looks guaranteed.  En (recommended) route to the Golden Gate Bridge while on the bike, you will pass the "Painted Ladies" near Alamo Square, a row of familiar Victorian homes from several movies and  television programs. View from the park across the street along with other tourists was more "tree-ish" than my memory.

While in San Francisco a trip to Alcatraz (US $33) and the Cable Car Museum (free!) is necessary.  Even if you think silly cable cars are for boys and that the history of crime should not intrigue anyone, you will regret not investigating both.  Due to the luck of a sunny yet cool, breezy day, the 15 minute ferry ride was very pleasant and provided fantastic camera angles for photos of "The Rock" (cue up Sean Connery accent).  The first room visited is the main shower room where inmates received their new clothing  While there, everyone is handed an audio set with which to tour around the various cells, blocks, rooms, offices, quarters, etc.  This audio tour highlights the cells where the men were staying that escaped and were never found, another yet botched incident where a guard was overpowered, locked in a cell then later shot and another event during a riot where the Marines were called in and the markings of grenades dropped through the roof are still evident in the floor.  You can shuffle along from place to place as per the audio instructions of the audio guide (this includes voices from previous guards, inmates and even children of families that lived and worked on the island).  An interesting talk was given that afternoon on Al Capone right in the dining hall where inmates were given only 20 minutes to eat their meals. 

After a visit to the Cable Car Museum a whole new appreciation for the transit system and the technology of the time will be instilled within you.  Despite the name, a eureka moment was had after discovering the cables run under the street, around corners, both up and down hill covering the entire routes of the two remaining lines.  It is well worth the visit (free). 

For views of the city, San Francisco is host to several hotels with top level restaurants, lounges and bars.  After a few attempts at the Westin, Hilton , Fairmont unfortunately the anticipated views were met with views of private parties and weddings (mid April must be a popular time in San Francisco).  If unsuccessful the lobby of the Hilton is a good place to have a drink.  However, one excellent find was "The Top of the Mark" in the Intercontinental Mark Hopkins hotel.  An old style lounge/bar with a fantastic band that played the right mix of 70s with the latest top 40 overlooking various angles of the city.  I've never seen a dance floor so populated within the first few notes from the band.  For something out of the ordinary visit the Tonga tiki bar surprisingly located in the Fairmont.  As luck would have it there was a private event...after having tried the two previous evenings!  A for effort.

After all of that, sadly no run in with Tony Bennett ("I left my heart....in San Franciscoooooooooo"), but a trip back would definitely be worth it 

Friday, April 22, 2016

Demographic Myths busted for Vancouver Millennials Leaving Town, Yet no Clarity on Foreign Real Estate Buyer Demographics?

Interesting that this level of detail and specific demographic has been identified, studied and the conclusion is this clear and with precision.  Yet the range of estimates related to the demographics of foreign real estate purchasers in Toronto and Vancouver you could drive a bus through.  This has resulted in warring conclusions from i) Canadians looking to buy real estate versus ii) Asian purchasers/families looking to be Permanent Residents, Immigrant Investors or residents for tax purposes, and iii) the real estate agents in the middle, holding all the facts and information but not looking to spill the beans to either side. 

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/personal-finance/mortgages-real-estate/the-myth-of-vancouver-millennials-leaving-town-because-of-high-cost-of-housing&pubdate=2016-04-22

"Social License" for Canada's Resource Projects - Who's Definition?

(Never thought this day would come but here I am updating a blog on a flight from Hawaii to San Francisco...and it's a United flight!)

Interesting article. No matter what die hard side of the argument you have chosen to be on, it is worth the read. 

Discuss...

http://business.financialpost.com/fp-comment/ross-mckitrick-lets-stop-pretending-social-licence-is-an-actual-thing

Finally, an out-of-the-box tax tip from a financial advisor

G'day, eh.  Have been vacationing in Hawaii so posting has been light

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/personal-finance/retirement/if-youve-got-losing-stocks-in-your-rrsp-now-might-be-the-time-to-set-them-free&pubdate=2016-04-21

Sunday, April 10, 2016

Liberal Deficit Decade Ahead? With Ousted Mulcair and Resigned Harper, Fearful Election and House of Commons Times Ahead

While stretching before a run Saturday morning I actually tuned into this, yes the NDP federal convention.  More to practice my French listening (politicians typically speak clear and easily when trying to win over voters, or in this case a party wide crisis and leadership uncertainty). But then again, I do have this affinity for Canadian politics, CFL, Trailer Park Boys and all things maple.  Yes, guilty. I'm a proud Canadian and this one isn't saying sorry.  Regardless, I was curious what would be presented, and shocked to discover it was actually held in Edmonton, AB of all places!

Having listened to one partifular long serving member and read the following transcript, it appears it is time to pack up the NDP party or at the very least a necessary reinvention.  The organization is nothing more than a complaining, finger pointing, fund wasting farce that consumes too much time in the House of Commons and provides little benefit to Canadians and tax paying residents living in Canada. Effectively, Canada is a two party system and the "political system" along with the media have been generous enough to the likes of the NDP. 

If the NDP actually wanted to help the working class guy it would cease spreading misinformation about compensation from options and suppress a culture of "do no more than working 40 hours a week with scheduled breaks", do not work more efficiently than the guy next to you or Heaven forbid even suggest a simple yet innovative idea to those "rich" management members or CEOs. With the latest Liberal landslide victory, one of the latest buzz terms is "innovation", and for Canada that's a good thing to strive toward. However, the Liberals have yet to define what that means or how it is measured.  No matter what it is,  the NDP are killing all potential innovation with their vision of what Canada should be.

In a world where anyone can start an online business or blog and if successful even monetize this into a livelihood, where much larger companies are willing to pay aggressive multiples and premia for  unique blogs, online businesses, YouTube channels, etc. Mulcair would rather have all Canadians "working for the man"....and tolerating it.  In Mulcair's world there would be no Canadian bank leaders, nor the next innovative employer like BlackBerry, nor the next Thompson, Bronfman, Eaton, Irving or Molson family.

My father and mother, both retired, worked hard ALL of their working years, and thanks in part to a union provided a livelihood to our family (for which I can never be grateful enough to both).  Yes there are elements of the kind of working environments, wage standards, working conditions that are important and good thanks to unions and labour focused groups like the NDP.  But it is 2016 now. To call out a bank CEO for working 100 hour work weeks and travelling most of his career, away from family, etc. as a crime or even as a strong case of an individual "beating the system" is well offside. 

In fairness to the NDP it is positive to see the roots of bilingualism from two Montréal Anglos entrenched in to the party leadership (unlike my riding where in fact it has been a stronghold NDP riding with the torch recently passed from "The Libby" to Jenny Kwan, neither of which have demonstrsted any French skills or openness despite several emails to the MP's office, nor provide any in their updates that include up to four languages that are not part of official languages of Canada).  Although at the next English and French federal debates the next NDP leader is  likely to be mopped up off the floor as I do not know of any upcoming candidates that have the necessary bilingual fluency.  Especially since the party's stronghold and recent gains have been made in Quebec.

With the resigning of Stephen Harper and Mulcair now ousted, the opposition in total will now be leaderless for another year or two.  And  thanks to Canadians' complacency when they vote, opposition parties may find it difficult to launch any serious push no matter how many mountains will be moved or how obvious it is that any party would be better at Finance 101 than "the Justin" and Morneau.  Regardless, the Liberals are salivating.  As such, we may be in a for a long Liberal Deficit Decade and an ailing Loonie.

As it appeared from the National Post Wire Services, Sunday, Apr. 10, 2016...(towards the end it starts to sound like a bilingual Iron Maiden's  "The Trooper")

http://www.nationalpost.com/m/wp/news/blog.html?b=news.nationalpost.com/news/canada/canadian-politics/the-full-text-of-tom-mulcairs-speech-at-the-ndp-convention&pubdate=2016-04-10

"Bonjour tout le monde — good morning fellow New Democrats.

It’s always great to be back here in Edmonton, where Rachel Notley’s NDP government is building a stronger, fairer Alberta.
Laissez-moi commencer en disant à quel point je suis fier de notre parti.

...no foreign, economic, military policies......just environment, environment, environment, social programs, social programs, Marcia, Marcia, Marcia (see "Brady Bunch" zip born after 1980)

J’ai été impressionné et profondément inspiré ce matin par la qualité des échanges que nous avons eus sur la protection de l’environnement.

And it goes on....
(I have deleted previously posted text of his speech and replaced with the link above, too much real estate given up, but the low lights are below...)

...then more lies about tax avoidance due to our capital gains tax approved by Canada Revenue Agency that is open and available to all Canadians, residents and those working/investing here....

CEOs in Canada make, 200 times the wage of the average worker. And those same CEOs can use their stock options to avoid paying fair taxes, 
while over a million Canadian kids go to school hungry. That’s not right.

....then more whining (with more lies) like a spoiled kid in the school yard....

According to a report from the Broadbent Institute, 9 million votes cast during the last electon effectively didn’t count — because of Canada’s antiquated first-past-the-post system.

Of course, Conservatives believe the unfair status quo is just fine. Liberals, on the other hand, promised change, but they are already starting to backtrack on that as well.

...and this is where it starts to sound like a bilingual Iron Maiden's  "The Trooper"...

We can’t let them down. We can’t get distracted. We have to push forward.

If you keep standing with me, then together, we will never stop fighting.

So – stand with me … On va se tenir debout ensemble.

Stand if you want to fight to grow our party and strengthen our movement. Debout contre l’inégalité.

Stand if you want to unite progressives in Quebec with those in the rest of the country … Debout pour la paix.

Stand if you want to fight to build a country that generations of New Democrats, young and old, have dreamed of and organized for …
A Canada that is loving, hopeful and optimistic.

Thursday, April 7, 2016

"Sunny Ways" or "Spiteful Ways": Another Example of "Governing by Undoing"

With regards to a $30B deficit versus a platform of (unnecessary)  $10B deficit

Joe Oliver,  the former Minister of Finance: "... That’s quite a feat of spending, but I suspect the government is up to it. You see, it has three reasons it wants to deliberately run a deficit for fiscal 2015–16. First, to conceal the fact that the Conservatives left behind a surplus. Second, to blur the sharp contrast between an inherited surplus and four years of large deficits. And third, to move some of this year’s spending into the last month of the just-ended year, making the deficit seem a bit smaller for 2016–17, which will be seen as the start of this government’s fiscal legacy."

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/fp-comment/joe-oliver-now-we-have-proof-the-economy-is-no-excuse-for-deficit-spending&pubdate=2016-04-07

"That Hurts": Angus Reid Says It Best

At the end of the day I doubt the data will be this severe.  I think the average Canadian will tune in starting after the first round after some unlikely team or unsung hero rises to the occasion and becomes the go to underdog.  However, I'm still on the market for buying RCI.b puts.

Wednesday, April 6, 2016

No Playoff Night In Canada, Watch Rogers Shares

Hard to believe no Canadian teams made it this year.  Other than growing up during an era of the Bobby Orr Boston Bruins (and how have those days have changed) I have no affinity for any US teams with exception of course for Sidney Crosby and the Penguins. 
You would think the NHL is loving this guaranteed all American final for ratings etc.  However, there is too much apathy from fans now and that is the biggest risk for a professional sports league.  Especially where it sits behind NFL (SuperLetDownBowl), MLB (is anyone fit in this league?), NBA (shorts are too long, too many tattoos) and NASCAR (dizzy car driving). 
With the last furious round of expansion and some recent rightings of past wrongs (the Jets are back), the rivalries are diluted and fans don't really care much or at all for the next time Columbus or a Phoenix rolls into town. 
Let's hope a Canadian team can elevate itself through the acquisition of this year's first  overall pick (as long as it isn't the Habs!).
And that's your unbiased view...
In the meantime, I'll be watching my Rogers, Boston Pizza shares for any price weakness. 
http://web.tmxmoney.com/quote.php?qm_symbol=rci.b

2016 Federal Dudget: Drumroll Please.... $29.4B!

Noticed this was in "Draft" section the whole time.  Oh well, posting it anyway...