By Heather Scoffield Economics Columnist Sat., March 16, 2019 On a sunny afternoon two years ago, as panic about the overheated housing market in Canada’s big cities was spreading, three key policy-makers hunkered down in Toronto to figure out what to do. Federal Finance Minister Bill Morneau, Toronto Mayor John Tory and then-provincial finance minister Charles Sousa emerged with an acknowledgement that the housing market was indeed in a precarious state. They made a vow: they would try to take some action, but they would certainly not do anything that would make matters worse. Morneau put a finer point on it. Government measures that would bolster the demand for housing were verboten. That’s because government helping out buyers would only drive prices up further, exacerbating the problem. That vow hasn’t aged well, and now the federal government is thinking of jumping into the fray with budget measures on Tuesday to help young people to … [Read more...] about Are Liberals ready to take on the risk of shared equity mortgages?
Risk of shares
Philippine economy at risk of overheating, World Bank says Audrey Morallo (philstar.com) - April 16, 2018 - 9:08pm MANILA, Philippines — Although the Philippine economy is one of the top three growth performers in the region, it faces several domestic risks such as overheating, higher inflation and climbing fiscal deficits, the World Bank warned on Monday. In its Philippines Economic Update, the World Bank said that the risk of an overheating economy is increasing in an environment of growing fiscal spending and continued high credit growth. “There are several domestic risks facing the Philippines, including higher inflation, an overheating of the economy and high fiscal deficits,” said the report. Despite these risks, the medium-term economic outlook for the Philippines remains positive as the economy is expected to grow at an annual rate of 6.7 percent in 2018 and in 2019, the report said. The report … [Read more...] about Philippine economy at risk of overheating, World Bank says
caption Me, submitting a sample of my spit for a DNA test. I didn’t have to submit new saliva to get the updated results. source Hollis Johnson Back in 2015, I decided to send my spit to 23andMe, the personal genetics company that sells direct-to-consumer tests. The test gave me information on everything from how much DNA I share with our Neanderthal ancestors, to how much caffeine I likely consume, to whether or not I might have a unibrow. It also let me know if I’m carrying certain genetic variations related to diseases that could be passed on to kids. Then in April 2017, the FDA told 23andMe it could start providing genetic health risk reports, which reveal whether you have an increased risk of developing certain diseases, including Parkinson’s disease and Alzheimer’s disease. A year later, the FDA gave 23andMe clearance to tell consumers about their risk of cancer – specifically about three BRCA1/BRCA2 gene mutations that are … [Read more...] about I revisited my 23andMe results that can now tell if you’re at an increased risk of certain cancers — here’s what it was like
By Armina Ligaya The Canadian Press Fri., April 6, 2018 Banks are at risk of being pushed to the sidelines in the age of social media and big data, Royal Bank of Canada’s chief executive David McKay said Friday. Customers are increasingly leaving a digital trail of their financial plans on social media or search histories, such as buying a house, allowing technology giants to not only capitalize on that information, but potentially get into banking themselves, McKay said. “As these technology players realize their digital dividend there is a risk that our visibility with clients will diminish in the networked economies — or ecosystems — of the future,” he told shareholders at RBC’s annual meeting on Friday. Technology continues to reshape the financial services landscape as more consumers do their banking online or via smartphone rather than in physical branches. McKay said Friday that mobile is now RBC’s number one digital … [Read more...] about Banks at risk of being pushed to sidelines in age of social media and big data, RBC CEO warns
WATCH: NCRPO warns public vs risks of social media use during Holy Week break Rosette Adel (philstar.com) - March 29, 2018 - 6:30pm MANILA, Philippines — The National Capital Region Police Office recently advised the public to be mindful of their posts on social media to avoid being targets for crimes during the Holy Week break. Chief Inspector Kim Molitas of the NCRPO Public Information Office on Tuesday reminded the public to avoid posting their whereabouts as they head out for vacation during the religious holiday. Molitas particularly mentioned the use of hashtag #ATM or “at the moment” used by netizens to share their current whereabouts. Watch what NCRPO said regarding the dangers of sharing whereabouts on social media: … [Read more...] about WATCH: NCRPO warns public vs risks of social media use during Holy Week break