Starbucks, Hacked Government Folk and #BestMoneyStories
Starbucks and it’s payment system has been hacked many times, and I have been the victim of it a few times, and other financial stories.
Starbucks and it’s payment system has been hacked many times, and I have been the victim of it a few times, and other financial stories.
On Wednesday the Bank of Canada decided that the Canadian Economy is still in need of stimulus, so there was no change in the key overnight rate (which remains at 3/4% for now). The decision is nicely summed up in the final paragraph of the short statement:
Although a number of complex adjustments are under way, the Bank’s assessment of risks to the inflation profile has not materially changed. Risks to financial stability remain elevated, but appear to be evolving as expected. Weighing all of these risks, the Bank judges that the current degree of monetary policy stimulus remains appropriate and therefore the target for the overnight rate remains at 3/4 per cent.
It seems like the Canadian economy is like our kids, hooked on a high sugar (stimulant) diet. There is a statement about the “Bond Backup” so again, we shall see where this all might lead.
As of next Wednesday (June 3rd), the new CRTC guidelines in terms of contract length will be law. This means folks (like me) who signed any contract before June 3rd, 2013, can walk away from the contract with no penalties (no penalties are allowed after 24 months of the contract), so there may be a whole bunch of great new deals coming up in the near future.
How much is this great new plan for Sick Leave for Civil Servants going to cost? We may never know since the Feds don’t seem obliged to publish the price points for their new plans. Yes, the abolition of the current system is going to allegedly save $900M but the savings going forward with the new system being proposed is not as clear.
Dirty Football? No, I am not talking about Deflate-gate, it seems 7 FIFA officials have been arrested in Switzerland, and charged with receiving bribes. Doesn’t seem that surprising to me, how else can you justify having the Football World Cup in Qatar? Corruption in FIFA? The next thing you’ll be telling me is there are corrupt politicians!
Hockey continues to linger, as does the NBA, but the CFL will start soon, as will the NFL. Plenty of things to enjoy on TV, but maybe I should be outside enjoying the sunny weather:
I understand that you want me to help you rewrite the text to make it sound more assertive. Here is the rewritten text:The Blue team did a fantastic job by hiring a top-class coach for the NHL. But let’s face it, paying over $50 million for an 8-year contract is ridiculous. I sincerely hope that the new coach can prove his worth and lead the team to victory in 2017, which marks the 50th anniversary of the last Blue team’s cup victory. As for the other coaches, they better step up their game if they want to compete. Who will be coaching the Red Wings now that Mike Babcock has left? Perhaps, Paul MacLean will come out of hiding? I remember the likes of Pat Quinn and Pat Burns, who were the last coaching greats. In any case, Mr. Babcock has a lot to live up to, and he must hire an experienced assistant to help him in his endeavors.
In other hockey money news, the Sens rewarded the Hamburglar Andrew Hammond with a 3-year one-way deal as well for about $4 Million dollars. Seems like the Sens now have a glut of goalies, someone will be taking the Via Train out of town soon (is my guess). Hope these folks have some solid financial plans to save this money.
Glad to hear that CPP is now worth $246 Billion dollars, that means I can live on low ash cat food when I finally retire (OK, I have a real pension, but I am allowed a little dramatic effect sometimes).
If you thought you were having a bad day, think of poor Li Hejun who lost $15 Billion on Wednesday, are they somehow implying that the stock market goes down? I suppose this means he had to be worth at least $15B before Wednesday ?
The Mad Men finale was fine by me, it wrapped things up nicely, and I got to sleep in the next day because it was a holiday, so there was nothing to be grumpy about there, either. A short week for me, but I did manage to get two articles done:
Looks like Starbucks payment app for “smart” phones, has fallen victim to hackers, where they are able to hack the app, to steal banking info and then attack the customers banking or payment accounts. I have been having issues with my Starbucks account, and noticed many attempts to re-load (which is associated with a lightly used credit card, so it is easy to see it happening), so I assume I am a victim of this as well. Whatever has been trying, this has been unsuccessful as my credit card company simply refuses everything from Starbucks right now (not a bad response). Guess I’ll go back to paying cash from now on.
I’m not sure what the fate will be of my favourite evil billionaire, Montgomery Burns, given that Harry Shearer (his voice on the Simpsons) will be leaving the show. Will I ever hear him say those tender words, “Release the hounds!”? I have always wanted to hear Mr. Burns ask, “Smithers! Who is this saucy Blogologist?”, about me, but I guess that is not to be. Given Shearer now has free time does this mean a possible Spinal Tap reunion? All they need to ask is to “Gimme some Money”, and I will be at their concert.
I wonder if I wrote a long, winded, not-funny story if I could claim I was tired like the Green Party Leader and plead for forgiveness. HA! I fooled you. I do that all the time (without the forgiving part, of course).
I have always said that Football (soccer) was a gentleman’s game, played by hooligans, but it seems their fans are at the hooligan level too (what rude and clueless prat thought #FHRITP was a clever thing to yell?) . Bad behavior at sporting events is one of the reasons I don’t take my kids to them (that and the LUDICROUS price of the events). Explain to me how a hot dog can cost $7.50 ?
Mad Men is over this weekend, at least the Series Finale is this Sunday night, and I must say I did enjoy the show, but you would have guessed that from the man who wrote about the Financial Zen of Roger Sterling, wouldn’t you ?
All you can say after the NDP took over Alberta in 2015, OK eveyone take a valium, and calm down! Wasn’t 2015 weird?