Investing

Dead Broke in a Beamer

Christmas came early for my kids this year … Daddy finally got a job. (Well, to be accurate, 220 hours of community service as part of my Financial Counselling qualification.) On my first day, the three of them surprised me by getting up really early and having a celebratory breakfast with me (possibly with the […]

Stock

ISM Non-Manufacturing Index decreased to 53.9% in November

The October ISM Non-manufacturing index was at 53.9%, down from 54.7% in October. The employment index increased to 55.5%, from 53.7%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: November 2019 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in November for the 118th consecutive […]

Tax

The latest guide to sustainable cost accounting

Sustainable cost accounting is the idea that I am promoting through the Corporate Accountability Network. The aim is to do what no one has yet achieved, which is to bring the impact of climate change onto corporate balance sheets. The latest guide to sustainable cost accounting is now out, incorporating feedback from recent meetings at which the issue […]

Stock

ADP: Private Employment increased 67,000 in November

From ADP: Private sector employment increased by 67,000 jobs from October to November according to the November ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.…“In November, the labor market showed signs of slowing,” said […]

Real Estate

Redfin Unveils the Best Canadian Cities for Biking

Redfin releases its inaugural Bike Score ratings of Canadian cities, neighborhoods and addresses. Victoria, Vancouver and Montréal are the most bike-friendly cities in Canada.  That’s according to rankings from Redfin, which for the first time ever has used its Bike Score® tool to rate Canadian cities, neighborhoods and addresses. Scores are based on several factors […]

Tax

Markets are failing

One of the great myths of modern capitalism is that markets work. Moreover, the supposedly work on the way that economists like to think they do. The Conservative Party is built on that myth. So too is the American Dream. The myth suggests that anyone can build a Company from scratch, entering a market of […]

Tax

The debt delusion

I have been reading Prof John Weeks’ book ‘The Debt Delusion‘. I should say, upfront, that I know John, and enjoy his company: he is a fellow member of the Progressive Economy Forum. The book would be worth reading without that association. In essence, John uses the book to tackle six myths, which he identifies […]

Tax

Are we heading for a hung parliament?

People have little more than a week left to make up their minds in this election. If they are voting by post, it is somewhat less.  The good news is patterns are emerging. The increase in Tory support has flattened as the Brexit Party ceases to play any effective role. The LibDems look to be […]

Stock

Wednesday: ADP Employment, ISM Non-Mfg

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for November. This report is for private payrolls only (no government).  The consensus is for 140,000 jobs added, up from 125,000 in October. • At 10:00 AM, […]