15991
May 24, 2013, 07:39:02 PM
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
15992
Technical Support / Re: Does this forum have an RSS feed?
« on: October 04, 2006, 12:04:55 PM »
Tallman, and how does having a RSS link help a some time poster like myself to have a more enhanced surfing experience......
in other words where can i read about the benefits of an RSS feed
Thanks man
in other words where can i read about the benefits of an RSS feed
Thanks man
15993
Football / Re: Hey TRINI's
« on: October 04, 2006, 11:44:35 AM »
sorry fellas................buh
15994
General Discussion / Re: House prices falling?
« on: October 04, 2006, 11:41:21 AM »
"The fraud is easy to commit. Once a crook sees a house he wants, he simply files transfer of ownership papers at the provincial Land Titles Office. Much of the time, no one there will even verify the signature."
day have ah house here dat i real like....uuummmm
it dat simple..........oh gawd......wha de arse man......dem tief ent easy atall
day have ah house here dat i real like....uuummmm
it dat simple..........oh gawd......wha de arse man......dem tief ent easy atall
15995
Football / Re: Football talk about again Gally on I9.95 local vs foreign
« on: October 04, 2006, 11:33:56 AM »
ok respect
15996
General Discussion / Re: House prices falling?
« on: October 04, 2006, 11:28:16 AM »
allya ever hear bout dis scam...not me 
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20060908/real_estate_fraud_060908/20060908/
Ontario moves to crack down on mortgage fraud
CTV News
Updated: Fri. Sep. 8 2006 11:10 PM ET
Ontario announced plans Friday to increase mortgage fraud penalties and urged Ottawa to amend the federal criminal code to protect homeowners.
The Liberal government is tabling legislation this fall that raises the maximum penalty for real estate fraud convictions from $1,000 to $50,000, said Government Services Minister Gerry Phillips.
Phillips said that the province is also seeking the creation of a national database of real estate fraud cases and urged Ottawa to re-classify the fraud as a separate offence under the federal Criminal Code.
"Our proposed legislative amendment, if approved by the legislature, will ensure that mortgages, transfers, powers of attorney and other instruments obtained falsely will be nullified," Phillips said Friday.
Ontario has taken steps to make the province's driver licences more difficult to counterfeit so false identification can't be used to get the fraudulent deals. The province has also created a land title insurance fund.
NDP MPP Peter Kormos told CTV's Newsnet that the proposed legislation doesn't address the deficiencies in the system.
The land title system is not capable of protecting itself from the registration of fraudulent documents, he said, "and those documents will continue to be used to defraud people of millions of dollars over the course of years to come."
Kormos said the government should have offered victims immediate financial assistance through the land title insurance fund.
There is no central registry in this country, and it's a crime the banks don't like to talk about. However, one estimate by the Quebec Association of Real Estate Agents and Brokers says mortgage fraud could be worth $1.5 billion a year.
There may be only 10 claims a year against the fund out of two million real estate transactions in Ontario, Philips conceded. But police and homeowners say title and mortgage fraud is growing.
Conservative leader John Tory said the courts should be going after lawyers who are sometimes involved in the fraudulent transactions.
If adopted, the proposed legislation would prevent a homeowner from losing ownership when someone registers a falsified mortgage, makes fraudulent sale or counterfeits power of attorney. The title would be restored to the victim and the falsified document revoked.
A provincial government task force was set up after several cases of title fraud came to light.
In one case, two years after Toronto dentist Dr. Ramin Dehmoubed bought his home he discovered there was a lien on the property and his house was for sale.
The courts had enforced the lien by handing the house over to the con man to cover the phony debt. Dehmoubed didn't find out until the con man put the house on the market and a "for sale" sign went up on his on his lawn.
In another case that involved identity theft, Jennifer Fiddian-Green got a call from a mortgage company telling her she was behind in her payments. Without her knowledge, a fourplex and a house in Brantford, Ont. had been bought in her name and Fiddean-Green owed nearly half a million dollars for properties she had never seen, and for a mortgage she had never applied for.
The fraud is easy to commit. Once a crook sees a house he wants, he simply files transfer of ownership papers at the provincial Land Titles Office. Much of the time, no one there will even verify the signature.
Susan Lawrence, North York homeowner, had her house was sold without her knowledge.
"People actually took the MLS listing of my house, forged a sale to two fraudsters, went into one lawyer, gave ID (and) said she was Susan Lawrence."
Lawrence has spent $32,000 and seven months trying to get her home back.
While the courts usually return the houses to the victims, they have also ruled that the victims are responsible for the mortgages that were taken out fraudulently.
With files from The Canadian Press
© Copyright 2006 CTV Inc.
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20060908/real_estate_fraud_060908/20060908/
Ontario moves to crack down on mortgage fraud
CTV News
Updated: Fri. Sep. 8 2006 11:10 PM ET
Ontario announced plans Friday to increase mortgage fraud penalties and urged Ottawa to amend the federal criminal code to protect homeowners.
The Liberal government is tabling legislation this fall that raises the maximum penalty for real estate fraud convictions from $1,000 to $50,000, said Government Services Minister Gerry Phillips.
Phillips said that the province is also seeking the creation of a national database of real estate fraud cases and urged Ottawa to re-classify the fraud as a separate offence under the federal Criminal Code.
"Our proposed legislative amendment, if approved by the legislature, will ensure that mortgages, transfers, powers of attorney and other instruments obtained falsely will be nullified," Phillips said Friday.
Ontario has taken steps to make the province's driver licences more difficult to counterfeit so false identification can't be used to get the fraudulent deals. The province has also created a land title insurance fund.
NDP MPP Peter Kormos told CTV's Newsnet that the proposed legislation doesn't address the deficiencies in the system.
The land title system is not capable of protecting itself from the registration of fraudulent documents, he said, "and those documents will continue to be used to defraud people of millions of dollars over the course of years to come."
Kormos said the government should have offered victims immediate financial assistance through the land title insurance fund.
There is no central registry in this country, and it's a crime the banks don't like to talk about. However, one estimate by the Quebec Association of Real Estate Agents and Brokers says mortgage fraud could be worth $1.5 billion a year.
There may be only 10 claims a year against the fund out of two million real estate transactions in Ontario, Philips conceded. But police and homeowners say title and mortgage fraud is growing.
Conservative leader John Tory said the courts should be going after lawyers who are sometimes involved in the fraudulent transactions.
If adopted, the proposed legislation would prevent a homeowner from losing ownership when someone registers a falsified mortgage, makes fraudulent sale or counterfeits power of attorney. The title would be restored to the victim and the falsified document revoked.
A provincial government task force was set up after several cases of title fraud came to light.
In one case, two years after Toronto dentist Dr. Ramin Dehmoubed bought his home he discovered there was a lien on the property and his house was for sale.
The courts had enforced the lien by handing the house over to the con man to cover the phony debt. Dehmoubed didn't find out until the con man put the house on the market and a "for sale" sign went up on his on his lawn.
In another case that involved identity theft, Jennifer Fiddian-Green got a call from a mortgage company telling her she was behind in her payments. Without her knowledge, a fourplex and a house in Brantford, Ont. had been bought in her name and Fiddean-Green owed nearly half a million dollars for properties she had never seen, and for a mortgage she had never applied for.
The fraud is easy to commit. Once a crook sees a house he wants, he simply files transfer of ownership papers at the provincial Land Titles Office. Much of the time, no one there will even verify the signature.
Susan Lawrence, North York homeowner, had her house was sold without her knowledge.
"People actually took the MLS listing of my house, forged a sale to two fraudsters, went into one lawyer, gave ID (and) said she was Susan Lawrence."
Lawrence has spent $32,000 and seven months trying to get her home back.
While the courts usually return the houses to the victims, they have also ruled that the victims are responsible for the mortgages that were taken out fraudulently.
With files from The Canadian Press
© Copyright 2006 CTV Inc.
15997
Football / Re: Football talk about again Gally on I9.95 local vs foreign
« on: October 04, 2006, 10:55:21 AM »If you all find Jack doing then he is doing because he is only doing what Jack tells him to do,that's jack mouth piece,as far as i'm concerned he is the best President T&T ever had because they made the WC while he was in charge.ok
buh if 1974, and de Strike squad had as many spots as the Soca Warriors I sure we would have gorn to the WC way back then. wha ya think
15998
Football / Re: Dundee United heading for T&T conflict.
« on: October 04, 2006, 10:51:55 AM »
dese fellas (head coaches) does always keep day cards close to day chest, so some may have different ways of getting their points across than others and the difference may be what tying up some people. it could just be his way of dealing with the head coaching situation
15999
Football / Re: Jack wants $40M for Soca Warriors.
« on: October 04, 2006, 10:46:49 AM »
10 fa you (TD)
10 fa you (Coach) and
20 fa de special advisor
10 fa you (Coach) and
20 fa de special advisor
16000
General Discussion / Re: Video: World's Worst Intersection?
« on: October 04, 2006, 10:42:16 AM »
nah i sure day must be wasa traffic dan dese 
16001
General Discussion / Re: Video: World's Worst Intersection?
« on: October 04, 2006, 10:33:50 AM »
pecan ya ever went Arc de Triomphe in Paris..dat is one maco big rong da bout to go rong oh gawd
dis is just 1/4 of the ting oui
http://www.youtube.com/watch?v=H5o3qSkcPA4&search=traffic%20paris
and check dis one
http://www.youtube.com/watch?v=vgT3u5aUYEg&mode=related&search=traffic%20paris
dis is just 1/4 of the ting oui
http://www.youtube.com/watch?v=H5o3qSkcPA4&search=traffic%20paris
and check dis one
http://www.youtube.com/watch?v=vgT3u5aUYEg&mode=related&search=traffic%20paris
16002
General Discussion / Re: Earthquake in Trinidad
« on: October 04, 2006, 10:28:18 AM »Wait nuh! Why San Juan in central Trinidad? The government move it and eh tell nobody or what? I sure the maxi drive past the Croisse this afternoon.dem ent easy eh
san juan dong by ato stadium
16003
General Discussion / Re: Sampson Nanton
« on: October 04, 2006, 10:25:25 AM »which one is dey catholic, dey baptist, dey pentecostal and dey anti christde catholic is de one dat just lyin day quiet quiet on she back
de baptist is de one bawlin and screamin
de pentecostal is de one sayin oh gawd oh gawd
and de antichrist is de one spinnin she head rong
16004
General Discussion / Re: Contract for billion-dollar rail system by September.
« on: October 04, 2006, 10:21:35 AM »
anudda set ah money belng spent where it is not needed
give de money to the police, and NOT for no Blimp
give de money to the police, and NOT for no Blimp
16005
Other Sports / Re: Baseball World Series Thread..
« on: October 04, 2006, 10:17:57 AM »
Look to me like Yankees
A L L T H E W A Y
Derek slap dem 5 for 5
an my man Johnny still lookin civilised heh heh
http://newyork.yankees.mlb.com/NASApp/mlb/content/printer_friendly/nyy/y2006/m10/d03/c1697656.jsp
Jeter adds to postseason legend
10/04/2006 2:18 AM ET
By Ian Browne / MLB.com
NEW YORK -- There was no easing into this postseason for Derek Jeter. His October reputation already set for the ages, Jeter somehow managed to add another chapter to his legend in Game 1 of this Division Series against the Tigers.
By the end of the night, the Yankees captain had once again awed everyone from teammates to opponents to fans.
All Jeter did was go 5-for-5, tying the record for most hits in a postseason game. The feat had only been done five times before, so naturally, Jeter had to do it. He did it in the flow of the game, helping the Yankees to an 8-4 victory over the Tigers.
"It's easy to fall into the trap of, 'Oh, it's just Derek being unbelievable in the postseason.' To him, it's just another game," said Yankees slugger Jason Giambi. "I don't know if it's because he started his career young and has been in the playoffs, but he's definitely a special talent, no doubt about it. He's unbelievable. He just gets into those games and bears down and just starts throwing hits all over the place."
Jeter capped off the magical night by belting a solo homer to left-center in the bottom the eighth. Deafening roars cascaded from the packed house at Yankee Stadium. A curtain call followed.
Just another night at the office for one of the great clutch players of the last decade. Jeter extended his postseason hits record to 147 and his Division Series hits record to 64.
Per usual, the least impressed person at Yankee Stadium seemed to be Jeter, who was interested in the win and not much else.
"Not necessarily when I have a night like this, [but] when the team has a night like this, you're able to relax a little bit," said Jeter. "But it's a short series. You can't relax in this series. You come right back [Wednesday]. You want to win the first game, especially at home."
It was as if Jeter was on a mission to get a win. Before he had reached full throttle with the bat, Jeter made a brilliant play with the glove in the top of the third inning. He went into the hole to field a grounder by Placido Polanco, swiftly got it to second base for the force, and watched Robinson Cano complete the 6-4-3 double play.
Then, in the bottom of the third inning, Jeter grabbed a big piece of momentum by smashing a basehit into center and stretching it into a double with all-out hustle. A game that was scoreless up to that point suddenly had Yankees at second and third with nobody out. From there, the Yankees wouldn't be stopped. Bobby Abreu hammered a two-run double. Gary Sheffield slapped an RBI single. Giambi roped a two-run homer and it was 5-0, Yankees.
Jeter had set the tone.
Most hits in a postseason game
Paul Blair, Bal, 10/6/69, ALCS vs. Min.
Paul Molitor, Mil, 10/12/82, WS vs. Stl.
Marquis Grissom, Atl, 10/7/95, NLDS vs. Col.
Mike Stanley, Bos, 10/10/99 ALDS vs. Cle.
Hideki Matsui, NY, 10/16/04, ALCS vs. Bos.
Derek Jeter, NY, 10/3/06, ALDS vs. Det.
"The thing is, every at-bat means something," said Jeter.
Just as the Tigers crept back into it at 5-3, Jeter helped spread it back out. His double in the sixth once again set up runners at second and third with nobody out. And Abreu came through with another two-run hit, this one a single.
"He was awesome as usual," said Sheffield. "He stepped up for us big today, and once we got up big, he kept pouring it on for the rest of the game."
Coming off a regular season that just might win him his first Most Valuable Player Award, Jeter again reinforced that the postseason is what counts most for him.
"Derek is a special player," said Yankees third baseman Alex Rodriguez. "I'm very proud to be his teammate."
Of course, the Yankee who is linked most often to Jeter is the manager. Joe Torre and Jeter planted roots together in New York in 1996. Ten years later, Torre still shakes his head in disbelief when asked to recap another heroic night by his shortstop.
"I don't want to say he has a plan, but he just seems to relish this atmosphere," said Torre. "He's been so big for us for 11 years here and, you know, again, I can't say I'm surprised. Everything worked well for him tonight. Starting that double play was not an easy play. Swinging the bat tonight, he was on everything."
This was what Abreu saw on television for all those Octobers he was a spectator. Tuesday night, he got to witness the Jeter legend up close.
"That guy is amazing," said Abreu. "Right now, being behind him, watching him play, it's amazing. That guy, he's a gamer, he's a leader and you can learn a lot of things from him. Like I say, it's amazing. That's amazing, watching him play."
Most amazing of all is that such a performance was not entirely unexpected when you consider who produced it.
"He doesn't amaze me at all," said Yankees closer Mariano Rivera. "I've seen it before, and he'll keep doing it as long as he's here."
A L L T H E W A Y
Derek slap dem 5 for 5
an my man Johnny still
lookin civilised heh hehhttp://newyork.yankees.mlb.com/NASApp/mlb/content/printer_friendly/nyy/y2006/m10/d03/c1697656.jsp
Jeter adds to postseason legend
10/04/2006 2:18 AM ET
By Ian Browne / MLB.com
NEW YORK -- There was no easing into this postseason for Derek Jeter. His October reputation already set for the ages, Jeter somehow managed to add another chapter to his legend in Game 1 of this Division Series against the Tigers.
By the end of the night, the Yankees captain had once again awed everyone from teammates to opponents to fans.
All Jeter did was go 5-for-5, tying the record for most hits in a postseason game. The feat had only been done five times before, so naturally, Jeter had to do it. He did it in the flow of the game, helping the Yankees to an 8-4 victory over the Tigers.
"It's easy to fall into the trap of, 'Oh, it's just Derek being unbelievable in the postseason.' To him, it's just another game," said Yankees slugger Jason Giambi. "I don't know if it's because he started his career young and has been in the playoffs, but he's definitely a special talent, no doubt about it. He's unbelievable. He just gets into those games and bears down and just starts throwing hits all over the place."
Jeter capped off the magical night by belting a solo homer to left-center in the bottom the eighth. Deafening roars cascaded from the packed house at Yankee Stadium. A curtain call followed.
Just another night at the office for one of the great clutch players of the last decade. Jeter extended his postseason hits record to 147 and his Division Series hits record to 64.
Per usual, the least impressed person at Yankee Stadium seemed to be Jeter, who was interested in the win and not much else.
"Not necessarily when I have a night like this, [but] when the team has a night like this, you're able to relax a little bit," said Jeter. "But it's a short series. You can't relax in this series. You come right back [Wednesday]. You want to win the first game, especially at home."
It was as if Jeter was on a mission to get a win. Before he had reached full throttle with the bat, Jeter made a brilliant play with the glove in the top of the third inning. He went into the hole to field a grounder by Placido Polanco, swiftly got it to second base for the force, and watched Robinson Cano complete the 6-4-3 double play.
Then, in the bottom of the third inning, Jeter grabbed a big piece of momentum by smashing a basehit into center and stretching it into a double with all-out hustle. A game that was scoreless up to that point suddenly had Yankees at second and third with nobody out. From there, the Yankees wouldn't be stopped. Bobby Abreu hammered a two-run double. Gary Sheffield slapped an RBI single. Giambi roped a two-run homer and it was 5-0, Yankees.
Jeter had set the tone.
Most hits in a postseason game
Paul Blair, Bal, 10/6/69, ALCS vs. Min.
Paul Molitor, Mil, 10/12/82, WS vs. Stl.
Marquis Grissom, Atl, 10/7/95, NLDS vs. Col.
Mike Stanley, Bos, 10/10/99 ALDS vs. Cle.
Hideki Matsui, NY, 10/16/04, ALCS vs. Bos.
Derek Jeter, NY, 10/3/06, ALDS vs. Det.
"The thing is, every at-bat means something," said Jeter.
Just as the Tigers crept back into it at 5-3, Jeter helped spread it back out. His double in the sixth once again set up runners at second and third with nobody out. And Abreu came through with another two-run hit, this one a single.
"He was awesome as usual," said Sheffield. "He stepped up for us big today, and once we got up big, he kept pouring it on for the rest of the game."
Coming off a regular season that just might win him his first Most Valuable Player Award, Jeter again reinforced that the postseason is what counts most for him.
"Derek is a special player," said Yankees third baseman Alex Rodriguez. "I'm very proud to be his teammate."
Of course, the Yankee who is linked most often to Jeter is the manager. Joe Torre and Jeter planted roots together in New York in 1996. Ten years later, Torre still shakes his head in disbelief when asked to recap another heroic night by his shortstop.
"I don't want to say he has a plan, but he just seems to relish this atmosphere," said Torre. "He's been so big for us for 11 years here and, you know, again, I can't say I'm surprised. Everything worked well for him tonight. Starting that double play was not an easy play. Swinging the bat tonight, he was on everything."
This was what Abreu saw on television for all those Octobers he was a spectator. Tuesday night, he got to witness the Jeter legend up close.
"That guy is amazing," said Abreu. "Right now, being behind him, watching him play, it's amazing. That guy, he's a gamer, he's a leader and you can learn a lot of things from him. Like I say, it's amazing. That's amazing, watching him play."
Most amazing of all is that such a performance was not entirely unexpected when you consider who produced it.
"He doesn't amaze me at all," said Yankees closer Mariano Rivera. "I've seen it before, and he'll keep doing it as long as he's here."
16006
Football / Re: Thread for the T&T v St Vincent game.
« on: October 03, 2006, 09:36:49 PM »Where everybody sitting for the game, Is there a section that WN meeting up, like for the Peru Game...check wha Tallman have to say here
eh Kandi, Oconnor anybody?
http://www.socawarriors.net/forum/index.php?topic=21407.msg226289#msg226289
16007
Football / Re: Vincentians coming to face Soca Warriors now.
« on: October 03, 2006, 09:00:14 PM »By tomorrow T'dad go be playin T'bgo. This is real nonesense
<------ ya know who I cheering for den
16008
Football / Re: Lawrence joins the charges in first session
« on: October 03, 2006, 08:38:45 PM »yeah sure look so, he not half slab no mo
Stern lose weight ?
dat is a new tattoo on "me mum"?
16009
Football / Re: we playing st vincent instead of nicaragua
« on: October 03, 2006, 06:49:18 PM »
so if we beat dem does that mean we betta dan de ReggaBoyz?
16010
General Discussion / Re: Allya ole farts planned Good?
« on: October 03, 2006, 04:10:15 PM »
well according to Wikipedia gen x is (I know I like meh Wikipedia 
)
Generation X is a term for a cohort of people born following the peak of the post-World War II baby boom, especially in Canada and the United States. While all sources agree the group includes at least some people born in the 1960s, the exact demographic boundaries vary depending on whether each source means people born just before the end of the boom, or just after, or just whoever happens to be twentysomething at the time.
http://en.wikipedia.org/wiki/Generation_X#_note-0
dem eh kno nuh
)Generation X is a term for a cohort of people born following the peak of the post-World War II baby boom, especially in Canada and the United States. While all sources agree the group includes at least some people born in the 1960s, the exact demographic boundaries vary depending on whether each source means people born just before the end of the boom, or just after, or just whoever happens to be twentysomething at the time.
http://en.wikipedia.org/wiki/Generation_X#_note-0
dem eh kno nuh
16011
Football / Re: Collision course
« on: October 03, 2006, 02:19:43 PM »
sooo
dis sort ah ting ent in anyone contract?
I know FIFA say day have to go buh havin it in de contract would stop all dis bullTaTa
dis sort ah ting ent in anyone contract?
I know FIFA say day have to go buh havin it in de contract would stop all dis bullTaTa
16012
Football / Re: What's Yorke Immigration Status?
« on: October 03, 2006, 02:16:46 PM »
aye Dutty he could buy one ah dese titles
Lordship of Studley #13
or
Barony of Cainhoe #2 ( I feel since Caroni shut dong dis one ent go wuk )
http://www.nobility.co.uk/titles37.html
Lordship of Studley #13
or
Barony of Cainhoe #2 ( I feel since Caroni shut dong dis one ent go wuk
)http://www.nobility.co.uk/titles37.html
16013
Football / Re: Pre Game Lime - Nicaragua Vs TnT October 7th 2006
« on: October 03, 2006, 12:40:44 PM »leh we see....roll call....
Kandi_tt, Ann3boys, Ato, Patriot, Cowen, Andre, Girl Warrior, Morvant, Mohun Biswass, KND2, G, Troy Piloy, Weary 1969, Warrior King,
who ah missin???
ya betta include Organic, he start dis thread
http://www.socawarriors.net/forum/index.php?topic=21407.msg224399#msg224399
16014
Football / Re: David Beckham Enters Coaching
« on: October 03, 2006, 12:08:27 PM »
she husband hope becks doh score doh
16015
General Discussion / Allya ole farts planned Good?
« on: October 03, 2006, 12:04:05 PM »
all de ole farts, I hope allya planned good eh
http://www.canada.com/nationalpost/financialpost/story.html?id=04365d6f-2f9b-46af-821c-388327c1279c&k=89958
Will stocks go Boom?
The first wave of Baby Boomers turned 60 this year and the impact this generation is having, and will have, on the Canadian economy will be profound and long-lasting. In the second instalment of a week-long series, the Financial Post looks at the potentially sweeping changes retiring Baby Boomers could bring to North American stock markets. As well, Jonathan Chevreau finds that the worst thing Boomers can do is run out of money before they run out of life.
David Berman
Financial Post
Monday, October 02, 2006
Retiring Baby Boomers may be a boon for golf courses, cruise ships and leisure wear sales. But according to some observers, they could also blow a big hole in the stock market.
The fear? As Boomers retire, they'll either liquidate their equity portfolios in order to fund their retirement years or they'll move into less volatile assets, such as bonds.
Either way, the impact could be huge, and by no means confined to Canada. Since Boomers represent a bulge in the population in most of the developed world, there will be fewer active investors picking up the slack as they exit the workforce -- and the stock market.
In the United States, for example, the ratio of workers to retirees is expected to fall to just 2.6 in 30 years, from 4.9 today. In Japan, the ratio of retirees to active workers is expected to fall even further, to one to one by about 2050.
In other words, the number of potential stock buyers will soon begin a steep decline. Stock-selling Boomers will drive down share prices, just as they drove prices higher in their younger, stock-buying years. Between 1970 and 2000, U.S. mutual fund assets soared from US$48-billion to US$6.9-trillion, a startling statistic that could soon start reversing itself.
No less an authority than Jeremy Siegel, the famous Wharton finance professor and author of Stocks For The Long Run, has sounded the alarm, calling the ageing population the most critical issue facing the developed world.
Mr. Siegel believes that unless Indian and Chinese investors start buying developed-world stocks in big numbers or workers postpone retirement until their mid-70s, share prices in the United States, Canada and elsewhere will suffer from a bear-market mauling.
Sure, the United States could open the doors to young immigrants to help assuage the problem. But he estimates that the country would have to welcome an astounding 500 million people to its shores to make a big difference in its demographic bulge.
He's not alone with his concerns. Bill Gross, managing director of Newport Beach, Calif.-based Pacific Investment Management Co., said in a note to clients last month that house prices must adjust downward if there is more supply than demand.
"Similar logic applies to holdings of domestic stocks, bonds, or any other 'asset' which Boomers count on individually to fund their retirement needs, but which collectively must be unloaded to a smaller demographic of tentative buyers," Mr. Gross said.
With the eldest Baby Boomers turning 60 this year and contemplating early retirement, should investors be shifting their assets to avoid a demographically inspired stock market meltdown over the next 20 to 40 years?
Concerns about what exactly will unfold over the coming decades has inspired more debating than panic selling so far, with a number of observers suggesting that worries over the impact of retiring Boomers are vastly overstated.
"The evidence suggests only modest effects, if any, of demographics on returns," said James Poterba, an economics professor at the Massachusetts Institute of Technology, in a 2004 working paper on the subject.
He argued that people certainly ramp up their wealth when they are in their 30s and 40s, and the Boomers are no exception. However, they tend not to dump their financial assets upon retirement. Rather, they sell their assets only gradually, creating few waves in the market.
This summer, the U.S. Government Accountability Office released an exhaustive report on the subject of Boomer retirement and came to a similar conclusion.
"Our analysis of data on current retirees' saving and investment behaviour reveals that most retirees slowly spend down their assets in retirement, with many actually continuing to accumulate assets," the report said.
Part of their argument hinges on the fact that U.S. financial assets are not distributed evenly. About a third of all Boomers do not own any stocks, bonds or mutual funds. As a result, they have few financial assets to sell when they retire.
Conversely, a small minority of U.S. Boomers -- just 10% -- own more than two-thirds of financial assets, excluding assets in defined-benefit pensions. Clearly, they already have enough wealth to fund their retirement, which means they are unlikely to sell many stocks or bonds during their retirement years.
According to the GAO report, 65% of wealthy retirees said that their income in 2003 exceeded their spending.
"Research on current retirees indicates that the wealthiest of these individuals tend to not sell their financial assets, contrary to what the life-cycle model would predict; instead, they choose to live from the income these assets generate," the report said.
Wendy Brodkin, Central Canada practice leader at Watson Wyatt Worldwide, expects the Canadian reaction to retiring Boomers will be a similar non-event.
"A good chunk of the money is going to still be retained in defined-benefit plans," she said. "Even though these plans are closing, they're going to be there for quite some time to keep making payments," thereby keeping Boomers in the stock market for at least the next 10 or 20 years.
But she adds that the biggest issue relates to the increased lifespan of retirees. Boomers will likely live longer in retirement than previous generations, which means they'll be watching their stock holdings well beyond the age of 60.
"They're going to be holding on to their money a lot longer," Ms. Brodkin said. "Any impact on the equity market will be -- to use our term -- 'muted.' "
dberman@nationalpost.com
http://www.canada.com/nationalpost/financialpost/story.html?id=04365d6f-2f9b-46af-821c-388327c1279c&k=89958
Will stocks go Boom?
The first wave of Baby Boomers turned 60 this year and the impact this generation is having, and will have, on the Canadian economy will be profound and long-lasting. In the second instalment of a week-long series, the Financial Post looks at the potentially sweeping changes retiring Baby Boomers could bring to North American stock markets. As well, Jonathan Chevreau finds that the worst thing Boomers can do is run out of money before they run out of life.
David Berman
Financial Post
Monday, October 02, 2006
Retiring Baby Boomers may be a boon for golf courses, cruise ships and leisure wear sales. But according to some observers, they could also blow a big hole in the stock market.
The fear? As Boomers retire, they'll either liquidate their equity portfolios in order to fund their retirement years or they'll move into less volatile assets, such as bonds.
Either way, the impact could be huge, and by no means confined to Canada. Since Boomers represent a bulge in the population in most of the developed world, there will be fewer active investors picking up the slack as they exit the workforce -- and the stock market.
In the United States, for example, the ratio of workers to retirees is expected to fall to just 2.6 in 30 years, from 4.9 today. In Japan, the ratio of retirees to active workers is expected to fall even further, to one to one by about 2050.
In other words, the number of potential stock buyers will soon begin a steep decline. Stock-selling Boomers will drive down share prices, just as they drove prices higher in their younger, stock-buying years. Between 1970 and 2000, U.S. mutual fund assets soared from US$48-billion to US$6.9-trillion, a startling statistic that could soon start reversing itself.
No less an authority than Jeremy Siegel, the famous Wharton finance professor and author of Stocks For The Long Run, has sounded the alarm, calling the ageing population the most critical issue facing the developed world.
Mr. Siegel believes that unless Indian and Chinese investors start buying developed-world stocks in big numbers or workers postpone retirement until their mid-70s, share prices in the United States, Canada and elsewhere will suffer from a bear-market mauling.
Sure, the United States could open the doors to young immigrants to help assuage the problem. But he estimates that the country would have to welcome an astounding 500 million people to its shores to make a big difference in its demographic bulge.
He's not alone with his concerns. Bill Gross, managing director of Newport Beach, Calif.-based Pacific Investment Management Co., said in a note to clients last month that house prices must adjust downward if there is more supply than demand.
"Similar logic applies to holdings of domestic stocks, bonds, or any other 'asset' which Boomers count on individually to fund their retirement needs, but which collectively must be unloaded to a smaller demographic of tentative buyers," Mr. Gross said.
With the eldest Baby Boomers turning 60 this year and contemplating early retirement, should investors be shifting their assets to avoid a demographically inspired stock market meltdown over the next 20 to 40 years?
Concerns about what exactly will unfold over the coming decades has inspired more debating than panic selling so far, with a number of observers suggesting that worries over the impact of retiring Boomers are vastly overstated.
"The evidence suggests only modest effects, if any, of demographics on returns," said James Poterba, an economics professor at the Massachusetts Institute of Technology, in a 2004 working paper on the subject.
He argued that people certainly ramp up their wealth when they are in their 30s and 40s, and the Boomers are no exception. However, they tend not to dump their financial assets upon retirement. Rather, they sell their assets only gradually, creating few waves in the market.
This summer, the U.S. Government Accountability Office released an exhaustive report on the subject of Boomer retirement and came to a similar conclusion.
"Our analysis of data on current retirees' saving and investment behaviour reveals that most retirees slowly spend down their assets in retirement, with many actually continuing to accumulate assets," the report said.
Part of their argument hinges on the fact that U.S. financial assets are not distributed evenly. About a third of all Boomers do not own any stocks, bonds or mutual funds. As a result, they have few financial assets to sell when they retire.
Conversely, a small minority of U.S. Boomers -- just 10% -- own more than two-thirds of financial assets, excluding assets in defined-benefit pensions. Clearly, they already have enough wealth to fund their retirement, which means they are unlikely to sell many stocks or bonds during their retirement years.
According to the GAO report, 65% of wealthy retirees said that their income in 2003 exceeded their spending.
"Research on current retirees indicates that the wealthiest of these individuals tend to not sell their financial assets, contrary to what the life-cycle model would predict; instead, they choose to live from the income these assets generate," the report said.
Wendy Brodkin, Central Canada practice leader at Watson Wyatt Worldwide, expects the Canadian reaction to retiring Boomers will be a similar non-event.
"A good chunk of the money is going to still be retained in defined-benefit plans," she said. "Even though these plans are closing, they're going to be there for quite some time to keep making payments," thereby keeping Boomers in the stock market for at least the next 10 or 20 years.
But she adds that the biggest issue relates to the increased lifespan of retirees. Boomers will likely live longer in retirement than previous generations, which means they'll be watching their stock holdings well beyond the age of 60.
"They're going to be holding on to their money a lot longer," Ms. Brodkin said. "Any impact on the equity market will be -- to use our term -- 'muted.' "
dberman@nationalpost.com
16016
Football / Re: What's Yorke Immigration Status?
« on: October 03, 2006, 11:42:35 AM »
dats our capt who tek we to our first world cup
he cool to play for TnT anytime, man
I believe he also has a UK passport
he cool to play for TnT anytime, man
I believe he also has a UK passport
16017
General Discussion / Re: T.O. tried to kill himself last night
« on: October 03, 2006, 09:59:51 AM »
there is no doubt about it, He bounce back real GOOD
http://sports.espn.go.com/nfl/columns/story?columnist=clayton_john&id=2609757
Sunday, October 1, 2006
Updated: October 2, 1:15 PM ET
'Nothing other than the usual' for Owens
--------------------------------------------------------------------------------
By John Clayton
ESPN.com
NASHVILLE -- At 8 p.m. last Tuesday in Dallas, Cowboys owner Jerry Jones had a sick feeling in his stomach, perhaps his worst feelings as owner of the team.
Terrell Owens was hospitalized and initial police reports indicated a possible suicide attempt. An hour later, Jones learned Owens' health was fine, but the salesman and businessman in him knew what was to follow -- the most intense week of media scrutiny he's ever experienced. So the last forecast on his mind was a Sunday laugher of a football game in Tennessee, a 45-14 destruction of the Titans.
"On balance, at Tuesday night at 8 o'clock, if I thought I would be standing here under these circumstances, I'd take it," Jones said.
After a long week, Terrell Owens nothing if not playful on Sunday, celebrating the Cowboys' easy win in Tennessee.
What started as a tragedy ended as a joke. Owens caught five passes for 88 yards wearing a hard shell to protect his surgically-fixed right ring finger and brushed off his weirdest week in the pros as if nothing happened. In a week in which he broke up with his fiancée, fired his trainer of seven years, needed emergency room treatment for mixing pain pills with supplements and had networks going live with his blurry medical reports, Owens treated everything as if nothing had happen.
"It's nothing other than the usual," Owens described his Sunday. "Go out there and play and try to give the team a lift, a spark."
As strange as it sounded, though, that's how Owens treated this crystal clear, warm Sunday in Nashville. He's used to living a Grand Ole Soap Opera. That's the life he's chosen.
Five days after putting a football nation on medic alert, Owens was a bit player in a 31-point blowout of the Titans and thought nothing of it. In the final two minutes, responding to cheers of "T.O., T.O." Owens looked like a conductor leading an orchestra. He waved his hands like wands and had a good time.
After the game, he took off his shoes and gave them to Titans cornerback Adam (Pacman) Jones. Why? Jones asked for them.
"I know Pacman; he's a great guy," Owens said. "He asked for my shoes and I gave them to him. He's going to have to put some tissues in those shoes. Those are some big shoes to fill."
Owens wasn't intentionally trying to make light of the situation. To him, it was just a normal Sunday. He was playing football. Privately, he'll admit to the emotions of a wild sports life that seems to be getting wilder by the year. Last year's Philadelphia Eagles experience taught him the game could be taken away from him temporarily, but Jerry Jones gave him $25 million reasons to feel his act hasn't worn thin in the NFL.
He's circled his friends this week. Former teammate Jimmy Farris, who was on the 49ers practice squad in 2001, is staying with him. He has the services of his publicist, Kim Etheredge. Owens has to be credited for playing so well despite the distractions of the week. He didn't miss a game for an injury that usually derails a receiver for about a month.
Owens said this week he took extra natural supplements to help the healing process. He had a physician visit his house to work on the right hand. Though the right hand was very swollen early in the week, the hand looked close to normal by the weekend and he impressed teammates with how well he was catching the ball under the circumstances.
"Throwing the ball to him this week, he caught the ball very well with his hands, which was very surprising to me," Drew Bledsoe said. "It really didn't look like there were any ill effects from the hand. The question mark was whether he had gotten enough practice time to really be on top of his game, but he was great."
This wasn't vintage T.O. In pre-game warmups, he had to juggle the longer throws to be able to secure receptions. That carried into the game. On the slants and screens, however, he was able to snatch the ball out of the air like normal.
He wasn't completely smooth on his best catch of the day, a 36-yarder down the Titans sideline. With 5:23 left in the second quarter, Bledsoe spotted Reynaldo Hill lined up against Owens in man coverage. In fact, Owens was rarely doubled at all Sunday. He'd get press coverage from Jones when Owens lined up right. Hill might have had some safety help behind him, but he tried to man up against Owens.
On a second-and-8 with the Cowboys leading, 14-3, Owens went down the sidelines and caught a 36-yard pass on Hill. He juggled the ball enough to get the completion before he was knocked down. To prevent a replay challenge, Bledsoe lined up in a no-huddle to get the next play off and keep the reception intact.
"It doesn't bother me," Owens said of his hand. "I ran a route on the sideline and I heard the coaches say, 'Slap his hand, slap his hand,' and I agree with it, slap my hand. Other than that, it didn't bother me at all."
With less two minutes remaining in the half, Owens burned Jones with a crossing route on what should have been an easy 7-yard touchdown in the back of the end zone. Twice, Owens juggled the ball in trying to make a two-handed catch. When the ball hit the ground, officials ruled an incompletion and replay officials in the booth didn't challenge it.
"I felt like it was a situation where I felt like I caught it," Owens said. "I feel like under two minutes, I think it was something they should have reviewed. Other than that, we won the game. That's all that matters."
Overall, Owens was on the field for 49 plays and had eight passes thrown his way. Though he wasn't physical with his run blocks, he tried to get a body on a body and push a defensive back when needed. On outside runs to his side, he would run hard on decoy routes downfield to clear out running room.
All in all, it was a solid game.
"He caught a couple of balls," Parcells said to reporters after the game. "You were there. What do you think? I was pleased with the offense."
From Jerry Jones' view from the owners box, Owens did all he expected of him. Owens' presence creates problems for secondaries because he's so big, so fast and so strong.
"I thought that Terrell would add a dimension, a release valve to drew Bledsoe's play," Jones said. "Drew would have more confidence in getting the ball out there with Terrell on the field. It's really getting the ball out quicker apart from the run after the catch and apart from making the big plays. It's a given, defenses adjust to him. When Terrell is on the field, defenses adjust, period. When they adjust, it gives more opportunities to our overall offense. He's done that in three games."
Though it might be early in the relationship, Bledsoe is getting along just fine with Owens. Of course, he's not consulting Donovan McNabb or Jeff Garcia. They'll check in next week when the Cowboys visit the Eagles.
"I like the guy," Bledsoe said of Owens. "I appreciate his professionalism on the field and the way he approaches the game. I'm going to keep throwing the ball his way because good things tend to happen."
What makes it easier for Bledsoe to like Owens is that Owens doesn't have to be his go-to receiver. That job belongs to Terry Glenn. Having Owens on one side of the field and Glenn on the other creates more man-to-man coverages.
Glenn caught five passes for 54 yards and two touchdowns thanks to the single coverage.
"This is the best one-two punch that I've had and I've had some good ones," Bledsoe said. "Terry is the guy I've said numerous times that's the best receiver I've ever thrown to and that's Pro Bowl or otherwise. He's a great receiver. He's always open. With one-on-one coverage, he's almost impossible to cover. With Terrell out there, Terry gets a lot more one-on-one coverage because they have to respect Terrell's ability."
So, believe it or not, this week's chapter of the Terrell Owens' story has a happy ending. But don't go away. It's Eagles Week. Jones and Co. is ready for another round of the Big Hype.
But this week it wasn't that dramatic.
John Clayton is a senior writer for ESPN.com.
http://sports.espn.go.com/nfl/columns/story?columnist=clayton_john&id=2609757
Sunday, October 1, 2006
Updated: October 2, 1:15 PM ET
'Nothing other than the usual' for Owens
--------------------------------------------------------------------------------
By John Clayton
ESPN.com
NASHVILLE -- At 8 p.m. last Tuesday in Dallas, Cowboys owner Jerry Jones had a sick feeling in his stomach, perhaps his worst feelings as owner of the team.
Terrell Owens was hospitalized and initial police reports indicated a possible suicide attempt. An hour later, Jones learned Owens' health was fine, but the salesman and businessman in him knew what was to follow -- the most intense week of media scrutiny he's ever experienced. So the last forecast on his mind was a Sunday laugher of a football game in Tennessee, a 45-14 destruction of the Titans.
"On balance, at Tuesday night at 8 o'clock, if I thought I would be standing here under these circumstances, I'd take it," Jones said.
After a long week, Terrell Owens nothing if not playful on Sunday, celebrating the Cowboys' easy win in Tennessee.
What started as a tragedy ended as a joke. Owens caught five passes for 88 yards wearing a hard shell to protect his surgically-fixed right ring finger and brushed off his weirdest week in the pros as if nothing happened. In a week in which he broke up with his fiancée, fired his trainer of seven years, needed emergency room treatment for mixing pain pills with supplements and had networks going live with his blurry medical reports, Owens treated everything as if nothing had happen.
"It's nothing other than the usual," Owens described his Sunday. "Go out there and play and try to give the team a lift, a spark."
As strange as it sounded, though, that's how Owens treated this crystal clear, warm Sunday in Nashville. He's used to living a Grand Ole Soap Opera. That's the life he's chosen.
Five days after putting a football nation on medic alert, Owens was a bit player in a 31-point blowout of the Titans and thought nothing of it. In the final two minutes, responding to cheers of "T.O., T.O." Owens looked like a conductor leading an orchestra. He waved his hands like wands and had a good time.
After the game, he took off his shoes and gave them to Titans cornerback Adam (Pacman) Jones. Why? Jones asked for them.
"I know Pacman; he's a great guy," Owens said. "He asked for my shoes and I gave them to him. He's going to have to put some tissues in those shoes. Those are some big shoes to fill."
Owens wasn't intentionally trying to make light of the situation. To him, it was just a normal Sunday. He was playing football. Privately, he'll admit to the emotions of a wild sports life that seems to be getting wilder by the year. Last year's Philadelphia Eagles experience taught him the game could be taken away from him temporarily, but Jerry Jones gave him $25 million reasons to feel his act hasn't worn thin in the NFL.
He's circled his friends this week. Former teammate Jimmy Farris, who was on the 49ers practice squad in 2001, is staying with him. He has the services of his publicist, Kim Etheredge. Owens has to be credited for playing so well despite the distractions of the week. He didn't miss a game for an injury that usually derails a receiver for about a month.
Owens said this week he took extra natural supplements to help the healing process. He had a physician visit his house to work on the right hand. Though the right hand was very swollen early in the week, the hand looked close to normal by the weekend and he impressed teammates with how well he was catching the ball under the circumstances.
"Throwing the ball to him this week, he caught the ball very well with his hands, which was very surprising to me," Drew Bledsoe said. "It really didn't look like there were any ill effects from the hand. The question mark was whether he had gotten enough practice time to really be on top of his game, but he was great."
This wasn't vintage T.O. In pre-game warmups, he had to juggle the longer throws to be able to secure receptions. That carried into the game. On the slants and screens, however, he was able to snatch the ball out of the air like normal.
He wasn't completely smooth on his best catch of the day, a 36-yarder down the Titans sideline. With 5:23 left in the second quarter, Bledsoe spotted Reynaldo Hill lined up against Owens in man coverage. In fact, Owens was rarely doubled at all Sunday. He'd get press coverage from Jones when Owens lined up right. Hill might have had some safety help behind him, but he tried to man up against Owens.
On a second-and-8 with the Cowboys leading, 14-3, Owens went down the sidelines and caught a 36-yard pass on Hill. He juggled the ball enough to get the completion before he was knocked down. To prevent a replay challenge, Bledsoe lined up in a no-huddle to get the next play off and keep the reception intact.
"It doesn't bother me," Owens said of his hand. "I ran a route on the sideline and I heard the coaches say, 'Slap his hand, slap his hand,' and I agree with it, slap my hand. Other than that, it didn't bother me at all."
With less two minutes remaining in the half, Owens burned Jones with a crossing route on what should have been an easy 7-yard touchdown in the back of the end zone. Twice, Owens juggled the ball in trying to make a two-handed catch. When the ball hit the ground, officials ruled an incompletion and replay officials in the booth didn't challenge it.
"I felt like it was a situation where I felt like I caught it," Owens said. "I feel like under two minutes, I think it was something they should have reviewed. Other than that, we won the game. That's all that matters."
Overall, Owens was on the field for 49 plays and had eight passes thrown his way. Though he wasn't physical with his run blocks, he tried to get a body on a body and push a defensive back when needed. On outside runs to his side, he would run hard on decoy routes downfield to clear out running room.
All in all, it was a solid game.
"He caught a couple of balls," Parcells said to reporters after the game. "You were there. What do you think? I was pleased with the offense."
From Jerry Jones' view from the owners box, Owens did all he expected of him. Owens' presence creates problems for secondaries because he's so big, so fast and so strong.
"I thought that Terrell would add a dimension, a release valve to drew Bledsoe's play," Jones said. "Drew would have more confidence in getting the ball out there with Terrell on the field. It's really getting the ball out quicker apart from the run after the catch and apart from making the big plays. It's a given, defenses adjust to him. When Terrell is on the field, defenses adjust, period. When they adjust, it gives more opportunities to our overall offense. He's done that in three games."
Though it might be early in the relationship, Bledsoe is getting along just fine with Owens. Of course, he's not consulting Donovan McNabb or Jeff Garcia. They'll check in next week when the Cowboys visit the Eagles.
"I like the guy," Bledsoe said of Owens. "I appreciate his professionalism on the field and the way he approaches the game. I'm going to keep throwing the ball his way because good things tend to happen."
What makes it easier for Bledsoe to like Owens is that Owens doesn't have to be his go-to receiver. That job belongs to Terry Glenn. Having Owens on one side of the field and Glenn on the other creates more man-to-man coverages.
Glenn caught five passes for 54 yards and two touchdowns thanks to the single coverage.
"This is the best one-two punch that I've had and I've had some good ones," Bledsoe said. "Terry is the guy I've said numerous times that's the best receiver I've ever thrown to and that's Pro Bowl or otherwise. He's a great receiver. He's always open. With one-on-one coverage, he's almost impossible to cover. With Terrell out there, Terry gets a lot more one-on-one coverage because they have to respect Terrell's ability."
So, believe it or not, this week's chapter of the Terrell Owens' story has a happy ending. But don't go away. It's Eagles Week. Jones and Co. is ready for another round of the Big Hype.
But this week it wasn't that dramatic.
John Clayton is a senior writer for ESPN.com.
16018
Football / Re: White long sleeve TnT shirt?
« on: October 03, 2006, 09:49:30 AM »
anybody check out stores in TrinCity Mall for jerseys
may NOT be Addidas original buh dey did look close
an cheaper dan wha I paid from http://www.subside.us.com/us/store/index.jsp?portal=UK_SITE
may NOT be Addidas original buh dey did look close
an cheaper dan wha I paid from http://www.subside.us.com/us/store/index.jsp?portal=UK_SITE
16019
General Discussion / Re: 'Death wish' gang out to settle scores
« on: October 02, 2006, 09:18:57 PM »
dis reminds me of a movie i see recently
"Gangs of New York"
dat is how some people stop
de government and de senate (hint: Mr Ato Boldon or anyone else in de government or senate) HAVE to do something
make sure money is put into crime fighting
NOT any kissahmeass BLIMP...dat is waste ah money ting
PRIORITIES mr Prime Minister
get our house in order PLEASE
"Gangs of New York"
dat is how some people stop
de government and de senate (hint: Mr Ato Boldon or anyone else in de government or senate) HAVE to do something
make sure money is put into crime fighting
NOT any kissahmeass BLIMP...dat is waste ah money ting
PRIORITIES mr Prime Minister
get our house in order PLEASE
16020
Football / Re: Pro League Magazine
« on: October 02, 2006, 09:05:21 PM »
tanks for de info Gurl Warrior,
the site is definitly goin in the right direction,
a few links doh have content yet, like de magazine buh say wha it still lookin real good
I doh have to geh ah copy of the magazine from TnT now
the site is definitly goin in the right direction,
a few links doh have content yet, like de magazine buh say wha it still lookin real good
I doh have to geh ah copy of the magazine from TnT now