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Showing posts with the label money

Volkswagen Emissions, and Big Pharma

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You know the basic story at this point - the emission control system was programmed to detect when emissions were being checked (brakes, steering, gear, etc.), and then, and only then , have the system work properly . Why do this? Well, costs, most likely (or , "costs, of course! ").  By minimizing the operating time and conditions, you can save gobs of money per car, and money is good. <sarcasm> Besides, its only emissions y'know? I mean, what difference does that make?  Its not like it actually hurts anybody, not to mention "clean air" is just one of those liberal things that nobody except a bunch of tree huggers actually cares about </sarcasm> Which, to my mind, is exactly what Big Pharma does.  Y'know how Pfizer / Merck / J&J / Glaxo / ... have paid over $13 Billion over the last few years in fines ? Its almost always over them actively promoting "off-label" uses of their drugs - which basically consisted of the...

And in the end, its all about...

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Please, *please* stop with the "$200K/yr is not wealthy" stories.

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The latest is from Toronto Life - which brings you the story of Jonathan Kay who makes only $196K/yr. Poor him. The exact meaning of prosperous, of course, depends entirely on one’s perspective. Last fall’s Occupy protesters were keen to demonize the so-called One Per Cent—the monocled, yacht-owning multi-millionaires who are now greed personified. However, the threshold for the top one per cent of income earners is much lower than you’d expect: $196,000, in the latest Statistics Canada numbers. That’s no small amount of money, but hardly the means for a life of leisure. In an increasingly pricy city like Toronto, where we pay a premium for everything from milk to car insurance, $196,000 can seem positively middle-class. Break it down, and it translates to roughly $10,400 a month, after taxes. For many Torontonians, that $10,400 disappears fast. Thousands go to the mortgage. For those with young kids, daycare can cost upwards of $1,500 a month. There are the car and RSP paym...