Tag Archives: investment

Geroge Bush blames the financial crisis substaintial foreign investment and a subsequent increase on bad consumer credit from greedy Wall Street bankers


 

 

President George Bush

President George Bush

A state of the afairs to squash fears amongst citizens in the United States of Amerca is sure to send ripple affects around the world; as we are all intertwined in this financial mess. President George Bush tonight spoke directly to U.S citizens, and candidly explained the situation in America. 

 

  • Housing prices that were valued more than they were actually worth
  • Banks that borrowed too much money
  • The decline in the housing market
  • Securities became unreliable leaving companies stuck with unsellable products
  • Banks began holding on to their money and dening credit to the everyday American citizen

President Bush said that the “irresponsible actions of some…bad decisions” is causing “the market is not functioning properly”. He warned that if action is held up by congress “the stock market could drop even more”. We could end up with “more expensive for credit, even with good credit history”. However he was optimistic and said that there is a spirit of cooperation betweens Democrates and Republicans. This bill will commit a large amount of tax payers money. But given the situtation, if the bill is not passed, it will cost more later for the American economy and the world. His key points to the ballout was to (1) remove risk possed by mortgage back securities, (2) protect tax payers and (3) ensure that there will be no winfall for “Wall Street” executives.

     

George Bush beleives that the plan will solve the financial problem and allow the “flow of credit” to Americans. He beleives that the vast majority of Americians will pay off their mortgages. But what does this mean for the future of America? The first part is to safeguard the financial system. He promised that every savings account will continue to be insured for up to $100, 000. In addition, he said that the laws governing the American financial system are outdated; needing change and modernization. The government should be able to observe, control and ensure that “Wall Street” will never put the system or the American people at risk again. He still beleives that the democratic financial system is the best system one available. His final quote stated that “together we will show the world what kind of country America is”. The world will definately wonder! The question you may ask, if it is the best system, than what makes the U.S different than any other socialist system now that they are essentially owning these companies? Is the problem with America greed? Did they simply learn from history and the depression and wanted to make sure to avoid a global depression?

 

American Wall Street Greed

American Wall Street Greed

One has to wonder, although America is only a portion of the worlds population, they consume the largest amount per-capita basis. Is America’s excess caused by world greed and foreign investment? Is it time for America to learn to live with less? Or is it time for America to embrace a more socialist style of financial system? Has republican or conservative styled economics failed? Or are Western societies just too credit happy, beleiving that they “deserve” to have all of the luxuries of life? Will we ever learn?

 

By Andy MJ
a.k.a. The G.T.A Patriot

Before You Move: Where Are The Next Transit Hubs?


Toronto Light Rail NetworkHere’s an easy question: where do you live?

Now here’s a much harder one: where should you live to ensure you’re near a GTA transit hub and how will the TTC’s plans for expansion impact the value of your home?

The answer to both queries can be worth thousands of dollars because the old real estate axiom about location, location, location has a well-known addendum: being near a subway or major transit route can instantly increase what your home is worth without you having to do anything at all.

But can you tell where they’re going to build or if the place you’re looking to buy will one day find itself on a subway or major transit line? The answer is yes, if you believe government plans about where officials hope to put the new routes.

Adding transit takes years of planning and a commitment of millions of dollars and all of it has to be done well in advance. That means the powers-that-be know where they’ll be putting the new tracks and trains as much as a decade or more before a shovel actually hits the ground.

One of those locations could be along waterfront-adjacent Cherry Street, which would make the folks on Condo Row lick their collective chops at the thought of bulging resale values.

“Streetcar access is phenomenal in terms of adding to value and presence … people want to be on a streetcar line,” said David Jackson, a Toronto urban planner.

Plans for the new tracks could start as early as spring 2009, while the underground expansion of the Don Mills subway line all the way to Morningside could have homeowners on the north side of town dreaming of dollars, though there’s no official date for that project to commence.

So just how much of a bottom line difference are we talking about here?

“Easily thirty to fifty thousand dollars,” confirmed Toronto realtor Janice Mackie. “Thirty thousand dollars is a parking spot … you don’t have to purchase that.”

What’s more, given the constant rise in gas prices and the GTA’s traffic volume, the Better Way may soon be looking even better still.

And while the two mentioned above are among the more central and immediate transit expansion schemes in the works, there are dozens of others being hatched around the GTA and Ontario as well.

Toronto Transit City

Here’s where you can check out the best laid plans that are being laid out right now.

Transit City: Can tell you about planned expansions in the city of Toronto.

Transit City map: Have a peek at what a future light rapid transit system might look like.

Move Ontario 2020: See the plans for the rest of the GTA here.

Move Ontario 2020: See a map for the GTA

Waterfront Toronto: The downtown core may soon look a lot different than it currently does.

Metrolinx: Transforming transit in the GTHA

See original CityTV News video and read more | digg story