VANCOUVER — When Liu Chuang landed in Vancouver in 2013, he noticed that most of the Chinese immigrants he met were heavily invested in residential real estate and hungry to diversify.
Flipping houses didn’t appeal to the 39-year-old entrepreneur, who is launching a Vancouver-based tech incubator to help his Chinese-born friends invest in local startups.
That was quite a revealing moment, at the end of Stephen Harper’s campaign stop in Markham, Ont., Tuesday. The questions from reporters had finished, but — uncharacteristically — Harper was still ready to answer them.
By now, the only people in the world who are not aware that Vancouver has been overrun by Chinese "hot money-parking" oligarchs, who rush to buy any and every available real estate leading to such grotesque charts as the following showing the ridiculous surge in Vancouver real estate prices...
Given major delays in retirement plans, 80 is the new 65 says CNN Money.
A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until they are at least 80 years old -- two years longer than the average person is even expected to live.
British Columbia’s premier has formally apologized for racist policies that started more than 140 years ago against Chinese immigrants, calling the regulations a stain on the province’s history.
“While the governments which passed these laws and polices acted in a manner that was lawful at the time, today this racist discrimination is seen by British Columbians — represented by all members in this legislative assembly — as unacceptable and intolerable,” Christy Clark said in the legislature.
Many marketers work overtime to confuse us about money. They take advantage of our misunderstanding of the time value of money, of our aversion to reading the fine print, of our childish need for instant gratification and most of all, our conflicted emotional connection to money.
For many pre-retirees, the prospect of life without a paycheck is scary. There are no more biweekly checks, raises, bonuses or promotions. Then experts from financial firms come along and stoke our anxiety with their sometimes unrealistic recommendations about how much money we need to have in our retirement plans (which they will be happy to manage, for a fee) to guarantee a comfortable retirement lifestyle.