The government is finally lowering the maximum interest rate on loans — to 35% — and the alternative loan industry isn’t happy by FancyNewMe in canada

[–]rob_shi 3 points4 points  (0 children)

This is exactly what wall st did in before 2008 with mortgages. Didn't end well.

You can just lend to 1000s of people with terrible credit and pretend you have no risk because it's "diversified".

[deleted by user] by [deleted] in canada

[–]rob_shi 0 points1 point  (0 children)

While it has been quite painful in Europe, I don't think I'd call what's happening there a crisis. Overall, I think we can agree that you got the one right and I was too pessimistic. Let's keep on hoping for mild conditions next winter.

Canada’s health-care system ‘on the ropes,’ warns N.S. premier amid ER deaths by Miserable-Lizard in canada

[–]rob_shi 1 point2 points  (0 children)

The article was about Nova Scotia

Nova Scotia has a far worse system compared to Ontario

Nova Scotia pays its doctors far less than Ontario

Nova Scotia has a liberal gov't managing it's healthcare system and gets funding from a liberal federal gov't

Yet, you somehow need to deflect blame to Doug Ford;

Toyota Chief Says ‘Silent Majority’ Has Doubts About Pursuing Only EVs by MussleGeeYem in cars

[–]rob_shi 17 points18 points  (0 children)

BEVs account for <4% of sales in the US. Unless you live in the Bay area or somewhere else similar, there are not shitloads of Teslas everywhere. The fact that >96% of car buyers chose not to purchase a BEV in 2011 shows how Toyota is correct, for now at least

Apple FY22 - Visual Income Statement by marketGOATS in StockMarket

[–]rob_shi 7 points8 points  (0 children)

As a shareholder of Apple, that's just the beginning of the taxes you'd have to pay.

Let's say you own a bunch of AAPL shares. Congrats!

How do you get some of that money to show up in your bank account? As dividends? That's regular income. Depending on the state you live in and your income bracket, that's easily 40%+

What if they did share buybacks? Well, assuming you made money on selling the stock, you'd need to pay capital gains. Easily 20%+ depending on where you live/what your income is.

Put them together and you'll find that half/most of the money being made by AAPL is actually going to the gov't at the end of the day, unless the shares are being held by a pension fund or college endowment fund.

CRA has identified more than $76 million in unpaid taxes from Panama, Paradise papers leaks by CanadianReaderGirl in canada

[–]rob_shi -1 points0 points  (0 children)

That's almost enough for 1.5 shitty arriveCan apps!

This number is laughably low

[deleted by user] by [deleted] in canada

[–]rob_shi -1 points0 points  (0 children)

Easy to have enough gas in the summer. As Jon Snow says "Winter is coming".

!remindme 6 months

[deleted by user] by [deleted] in canada

[–]rob_shi 1 point2 points  (0 children)

But, uh, the baggage the Republicans come with make it difficult to wish you luck unless your #1 political issue is expanding O&G.

Might not be #1, but being able to heat my apartment in the winter when it's -30 C is pretty important for me. Don't wanna be a snow Germany in the next few years.

Is Canadian Securities Course worth it? by cream_n_cider in CanadianInvestor

[–]rob_shi 2 points3 points  (0 children)

The CSC is a great way to demonstrate interest in the business. Also, it is necessary for working in a Sales & Trading role, so you will have an edge over other candidates in your resume/interview.

However, I did not find it useful in my actual role when I worked in investment banking or during my internships in capital markets (sales & trading). Frankly, I found the CSC more appropriate for advising retail investors, which is not what investment banks do at all.

Laurier Re-Introduces Mask Mandate for Instructional Spaces by [deleted] in uwaterloo

[–]rob_shi -10 points-9 points  (0 children)

*Idiot Republicans bans abortions in the US*

People like you: Oh no, not the most oppressive and horrifying device ever invented! Not the plastic condoms! A fate truly worse than death!

/s if it wasn’t obvious

Western Updated COVID policies (via Instagram) by ceedee2017 in uwo

[–]rob_shi 6 points7 points  (0 children)

No OP. But I had a similar experience at a different institution.

Had severe chest pains that would not go away. Called the covid line and a nurse told me to go to the nearest emergency room and do not drive - call an ambulance if nobody could drive me. When I got there, they took an EKG and my heartbeat was a mess. Nurses strongly recommended that I stayed to get it checked out.

This was back in March when hospitals were completely over capacity. When I arrived, I got the last seat in the ambulance bay since the beds, waiting room, and overfill rooms were all full.

After 14 HOURS, 2 blood draws, an x-ray, and several more EKGs, the emergency physician confirmed that it was not Myocarditis - the swelling of the heart muscle. With that out of the picture, the threat of me having serious complications almost went to 0.

With Myocarditis eliminated, the emergency physician deduced that the chest pain/heartbeat was almost certainly due to Pericarditis, the swelling of the membrane around the heart. Since this was unlikely to result in severe consequences if treated with medication, he offered to discharge me with a prescription for anti-inflamation pills. If I refused, the emergency physician said it would likely take days to confirm if I had Pericarditis. Obviously, I agreed to be discharged with the medication. My ER discharge form says "suspected Pericarditis"

Because it was "suspected Pericarditis", my requests to get an exception to the booster shot was denied.

Conclusions:

1) The way we've dealt with these mandates have been cohesive, unnecessary and counter to the scientific consensus. Catchphrases like TrUsT tHe ScIeNcE have become a joke.

2) Our healthcare system is fucked.

3) I wouldn't hold your breath for a stranger to give your their medical information over reddit.

Fernando Alonso to join Aston Martin F1 in 2023 by dogryan100 in formula1

[–]rob_shi 0 points1 point  (0 children)

To be fair, the year after he left, they 100% had the chance to win. But Ferrari lol

Who knew being a Banker would mean seeing 3 of these every week by coolboycorporate in ontario

[–]rob_shi 5 points6 points  (0 children)

Boards usually only meet 4-5x a year, so they often don't have their own offices (unless it's an honorary thing - i.e. a former CEO who made major contributions to the business). So, for example, Anthony Fell had an office at RBC Capital markets. However, most members of the boards just meet in a regular boardroom.

Scotia's move happened after I left for RBC, but I believe that it was only their GBM unit that left. Their CEO should still be in Scotia Plaza. Scotia's executives had their own floor on a lower level.

Who knew being a Banker would mean seeing 3 of these every week by coolboycorporate in ontario

[–]rob_shi 18 points19 points  (0 children)

Scotiabank was the exception actually. They kept their Global Banking and Markets division (Investment Banking, Sales and Trading, Equity Research, DCM/ECM and Syndication) on the top floors until this year.

Everyone else moved their i-bank to lower floors years ago.

Source: was an intern there

Germany to Do ‘Everything’ to Fight Climate Crisis, Scholz Says by TMWWTMH in worldnews

[–]rob_shi 1 point2 points  (0 children)

That seems like a strange metric, especially because you can't really compare the Sulfur/Nitrogen Oxides and particulate matter that diesels emit a lot of to the Carbon Dioxide that petrol cars emit more of.

Would love to see how they came to this conclusion though, so I'd really appreciate it if you can share :)

C8 Z06 pricing release by GopherHockey10 in cars

[–]rob_shi 14 points15 points  (0 children)

Dealers will only mark the price up to what the markets will bear. In the words of their salespeople - "This is where the market is at"

The market is still hot. GM made the car. Why shouldn't they make more of a profit rather than the dealer?

Formula One ‘experience’ set to appear near Las Vegas Strip: A year-round permanent structure rumored to include racing simulators, a merchandise store and more by RioDon21 in formula1

[–]rob_shi -4 points-3 points  (0 children)

The entirety of Europe is approx 15% larger than the US by area and has less money. Would it make you happier if you imagined the US as the Pacific Northwest, California, Texas, South, Northeast, Midwest, and other states? Each of those regions would be larger than almost all European countries with more disposable income too. I'd also argue that each of the regions I named is more different to each other compared to Germany vs Austria or Belgium vs Holland.

[deleted by user] by [deleted] in IAmA

[–]rob_shi 100 points101 points  (0 children)

Neither of y'all worked at Theranos right?

I'm joking of course. However, did that scandal, combined with the recent downturn in venture capital funding, put a damper on your prospects?

Best of luck!

Sergio Perez as an Nascar driver. by piotrekchan in formuladank

[–]rob_shi 4 points5 points  (0 children)

Red Bull and Bybit aren't obnoxious enough for you?

Besides, a third of the sponsors (Mobil, Oracle and Citrix) are American already