The real real-estate roller coaster

A mezmerizing video of a virtual roller coaster designed with gradients from US home prices since 1890.   You have to watch this to the end when you get to see a view all the way down to the ground  (~4 minutes)...   http://video.google.ca/videoplay?docid=-2757699799528285056

Categories: Economics, Finance | Leave a comment

Portfolio theory explained from the ground up

I've long admired the lifestyle of university professors, and this site just stokes my desire for such perks of the occupation. Campbell R. Harvey, Ph.D., is a professor of finance at Duke University who has posted a series of video lectures on asset management. From portfolio theory to short selling to option pricing, the material gets quite specific. Harvey gets so involved in his material that he is actually entertaining to watch! He even throws in a bit of economics to make it complete. I downloaded the series on Global Financial Management, extracted the audio, and now I listen to it on my MP3 player while I eat lunch. Fascinating stuff...

http://faculty.fuqua.duke.edu/~charvey/Video/Digital_video.htm

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Lake Superior: The worlds largest fresh water hot tub

A story today in the globe about Lake Superior getting warmer. Apparently the temperature of the world's largest fresh water lake is rising at a yearly rate faster than the environment around it. Yes, this is happening because of Global Warming, and the National Oceanic & Atmospheric Administration - a US government organization that did the study - certainly doesn't dance around the issue. According to the study, in another 30 years you will never see another piece of ice on Lake Superior again.

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Categories: Environment | Leave a comment

Annual spring snow is here

OK, every April we get a nice hit of warm weather here in Toronto, and every April I always warn everybody that every year it always snows at least once before the end of the month. It looks like this year is no exception. According to theweathernetwork.com we have a snow fall on the horizon as early as tomorrow. As an avid cyclist I hope it is our last of the year, even though I did ride every day this winter. By the way, the 14 day trend is probably the best feature on theweathernetwork.com. It's actually accurate most of the time and is great for planning outdoor events.

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Water is the new oil.

If you're old enough to remember the 70's, you will probably recall a decade of both cheap and abundant gasoline, except for one year that saw an 'oil shortage' that produced long lineups at gas stations and inflated prices.

While stronger geopolitical American ties can be thanked for keeping the taps open (along with a couple of strategic wars), how soon we can forget how fragile our economy really is... For as long as it is dependent on limited natural resources that are in worldwide demand.

Another one of these precious resources is water, and it has been in the same under supply over demand situation as oil for some time now.

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Categories: Business, Economics, Environment | Leave a comment

High gas prices: inconvenient for some of us, good for all of us

Torontonians are in a moral dilemma. They all think there are too many cars on the road, but they shudder at the thought of giving up their own car to save the environment. Too much of their prosperity is riding on their tires for them to bear giving up their automobiles.

So why spend a lot of ad dollars in trying to convince the general populace to ride bikes and use public transit, when the message will likely fall on deaf ears? Any why are there so many cars on the road in the first place?

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Categories: Environment | Leave a comment

The pressure cooker approach to building wealth

A good friend of mine and I share a similar value - the ongoing search for value. We both hate overpaying for anything, and cherish those moments when we find or negotiate a good deal. For us it's all about the repect and appreciation for our hard earned assets.

This week he told me about a recent value strategy he has deployed at home: the pressure cooker. What does this have to do with value? Well, with a pressure cooker he can just throw in a bunch of vegetables and other items he bought at the discount grocery store, set it to cook before he goes to work, and when he arrives home dinner is magically made for the whole family (value of time spent). Vegetables contain more nutrients per pound than meats or processed foods such as pastas (nutritional value).

At first I teased him about how he is compromising his family's right to meal diversity for the sake of saving money, but really this is not the case. The pressure cooker is merely one symptom of a mindset for building wealth. If you are constantly seeking value for your money or your time, you too would probably feed your family stewed vegetables for dinner 5 times a week.

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Hello, I'm Progress. You can't stop me.

Riding home one night I was captivated by this scene on Temperance Street: Tearing down the big concrete wall - along with a charming turn of the century building - to build the Bay/Adelaide Centre. Shot by me in 3 separate photos and stitched together January 16, 2007, 9:26:32 PM. (click the image for a full-size picture)

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What baboons can teach us about stress

An absolutely fascinating video by Robert Saplosky - an anthropologist who spent over a decade studying wildlife in Kenya. In this lecture he connects the behaviour of baboons to how us modern day societal humans treat each other.  It really explains why we do the things we do in life and in business as a result of the pressures we face each day. Found on the Stanford health video library.

http://irt-video.stanford.edu/ramgen/healthlibrary/baboons.rm

Categories: Health | Leave a comment

In the discount airline industry, everything's an extra

Recently my mother flew into town on Tango for some routine surgery. She recovered for a day, then I drove her to the airport for her trip back. I parked the car, escorted her over to the Air Canada counter and made sure she got a wheel chair and special assistance on to the flight.

We actually arrived an hour and a half before the flight, and the ticket was booked 3 months in advance, so I was quite shocked when the Air Canada service agent lady at the counter said that the flight had been oversold.

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