We live in an era of celebrity athletes, judges, CEOs - even celebrity chefs.But there are few geologists who've become household names.Except Charles "Chuck" Fipke. He's one person who seems to have reached celebrityhood in the mining industry. Indeed, his accomplishments are legendary, according to Mike Kachanovsky, a Lindsay, Ontario-based writer specializing in junior mining stocks.Mr. Fipke w...Read More
Yes, Stocks Could Drop 50% … After meandering higher for most of the year, the stock market is now sputtering. That's triggering chatter about a minor "correction," which many people believe is long overdue. And maybe that's what we're at the start of, a minor correction. Or maybe this is just a blip, and the brilliant and prudent Jeremy Grantham is right that we're...Read More
Government's poll shows Canadians want marijuana laws changed … More than two-thirds of Canadians want this country's marijuana laws to be softened, according to an opinion poll conducted for the federal government earlier this year. And while a small majority of the public believes companies should not be permitted to sell marijuana just as they sell alcohol and cigarettes, it's...Read More
Yes, Stocks Could Drop 50% … After meandering higher for most of the year, the stock market is now sputtering. That's triggering chatter about a minor "correction," which many people believe is long overdue. And maybe that's what we're at the start of, a minor correction. Or maybe this is just a blip, and the brilliant and prudent Jeremy Grantham is right that we're...Read More
Government's poll shows Canadians want marijuana laws changed … More than two-thirds of Canadians want this country's marijuana laws to be softened, according to an opinion poll conducted for the federal government earlier this year. And while a small majority of the public believes companies should not be permitted to sell marijuana just as they sell alcohol and cigarettes, it's...Read More
Federal Reserve stays on cruise control … The U.S. economy is strengthening but the Federal Reserve remains in cruise control. The Fed decided to once again reduce its monthly bond purchases by $10 billion, as expected. The central bank has been gradually reducing, or tapering, its monthly bond purchases since January. It will now buy just $25 billion a month. That's down from a peak of...Read More
Why Voters Aren't Angrier About Economic Inequality … Why don't governments in democratic societies do more to combat income inequality? Scholars have grappled with this question for years. The median voter theory, a longstanding workhorse of political science, predicts that politicians hoping to get elected will seek to close a growing income gap to woo the big bulk of voters in the...Read More
Federal Reserve stays on cruise control … The U.S. economy is strengthening but the Federal Reserve remains in cruise control. The Fed decided to once again reduce its monthly bond purchases by $10 billion, as expected. The central bank has been gradually reducing, or tapering, its monthly bond purchases since January. It will now buy just $25 billion a month. That's down from a peak of...Read More
Why Voters Aren't Angrier About Economic Inequality … Why don't governments in democratic societies do more to combat income inequality? Scholars have grappled with this question for years. The median voter theory, a longstanding workhorse of political science, predicts that politicians hoping to get elected will seek to close a growing income gap to woo the big bulk of voters in the...Read More
Nomura Profit Slump Signals End of Abenomics … Nomura Holdings Inc. (8604)'s lowest profit in seven quarters signals the boost from Prime Minister Shinzo Abe's economic stimulus policies for Japanese brokerages is over. Japan's largest securities firm yesterday posted a 70 percent drop in net income to 19.9 billion yen ($195 million) in the three months ended June, missing analys...Read More
The Federal Marijuana Ban Is Rooted in Myth and Xenophobia … The federal law that makes possession of marijuana a crime has its origins in legislation that was passed in an atmosphere of hysteria during the 1930s and that was firmly rooted in prejudices against Mexican immigrants and African-Americans, who were associated with marijuana use at the time. This racially freighted history lives...Read More
Nomura Profit Slump Signals End of Abenomics … Nomura Holdings Inc. (8604)'s lowest profit in seven quarters signals the boost from Prime Minister Shinzo Abe's economic stimulus policies for Japanese brokerages is over. Japan's largest securities firm yesterday posted a 70 percent drop in net income to 19.9 billion yen ($195 million) in the three months ended June, missing analys...Read More
The Federal Marijuana Ban Is Rooted in Myth and Xenophobia … The federal law that makes possession of marijuana a crime has its origins in legislation that was passed in an atmosphere of hysteria during the 1930s and that was firmly rooted in prejudices against Mexican immigrants and African-Americans, who were associated with marijuana use at the time. This racially freighted history lives...Read More
Heads or Tails? Either Way, You Might Beat a Stock Picker … Imagine a world where investors in the stock market have no skill whatsoever. The investors themselves don't understand this, however, and many truly believe that they are good at what they do. But in this thought experiment, there's no doubt about the underlying reasons for fund managers' success: When they turn in an o...Read More
Companies proclaim water the next oil in a rush to turn resources into profit … Mammoth companies are trying to collect water that all life needs and charge for it as they would for other natural resources … "Is now the time to buy water?" enquired the email that showed up in my inbox earlier this week. Its authors weren't worrying about my dehydration levels. Rather, the...Read More
Heads or Tails? Either Way, You Might Beat a Stock Picker … Imagine a world where investors in the stock market have no skill whatsoever. The investors themselves don't understand this, however, and many truly believe that they are good at what they do. But in this thought experiment, there's no doubt about the underlying reasons for fund managers' success: When they turn in an o...Read More
Companies proclaim water the next oil in a rush to turn resources into profit … Mammoth companies are trying to collect water that all life needs and charge for it as they would for other natural resources … "Is now the time to buy water?" enquired the email that showed up in my inbox earlier this week. Its authors weren't worrying about my dehydration levels. Rather, the...Read More
Is the Fed fueling a giant stock market bubble? … Not only has the S&P 500 fully recovered from the financial crisis, it's a staggering 30% higher than the peaks of the Internet and housing bull markets. But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn't investors and analysts learn...Read More
Chief Ebola doctor in Sierra Leone has contracted the deadly disease … The "national hero" chief doctor leading the fight against the deadly Ebola virus outbreak in Sierra Leone has himself been infected with the disease, the president's office has announced …The virus has mortality rates of up to 90 per cent. – UK IndependentDominant Social Theme: Ebola is spreadin...Read More
Is the Fed fueling a giant stock market bubble? … Not only has the S&P 500 fully recovered from the financial crisis, it's a staggering 30% higher than the peaks of the Internet and housing bull markets. But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn't investors and analysts learn...Read More