Currency Sleeves Canada

Even Better Than The Real Subsidy

Their unquestionable success makes one wonder why some Canadian musicians, arts groups and pro sports teams think they don’t have to roll up their own respective sleeves and do the same?

Many special interest groups seem to think the government should simply cut them a cheque for their start-up costs.

That’s called taking the easy way out. Let’s take a look at U2’s case and some other examples, both big and small, where people have done the heavy lifting themselves, leaving government out of the equation.

To begin, go on YouTube and search for U2’s live performance of their song “ Out of Control ” at Slane Castle. When you watch the clip, you’ll hear lead singer Bono tell the story of the band’s origins. It turns out each band member asked their respective families for a loan of 500 pounds (Ireland’s former currency) decades ago to help get the band off the ground.

Thankfully for U2 fans, each family believed in the band and loaned them the money. The rest is history. Given U2’s current tour is expected to pull in over $700 million , we’ll assume each family member has long since been paid back.

Another great example of a privately funded arts initiative is the new giant banana statue in Melita, Manitoba .

Back in 2007, the small town’s tourism committee decided to come up with the idea of building a giant banana statue as a promotional idea for the town. A banana was chosen as the town adoringly refers to itself as being in Manitoba’s “banana belt,” due to its warm weather.

Proponents of the statue in the small town of 1,100 people rolled up their sleeves and spent a few years fundraising $106,000 in donations to pay for the statue; not a cent came from government sources.

There are many pro sports facilities that are entirely built with private sector funds as well.

For example, the Chicago Cubs’ Wrigley Field got its start when businessman Charles Weegham spent $250,000 of his own funds to build the stadium back in 1914. The current homes of the Toronto Maple Leafs, Montreal Canadiens and Vancouver Canucks were also entirely paid for by the private sector.

Clearly, if there’s a good business model, pro sports teams don’t need any government handouts.

The problem is, players’ salaries have skyrocketed and owners often can’t afford the team’s payroll and the cost of the facility in which they play. As a result, weak-kneed politicians often give in, helping to subsidize the operation.

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Needless to say that the distincation between EB2 and EB3 has become so meaniningless now. How many positions really satisfy the EB2 requirements? From what I heard that most people just try to get around the system to get an EB2. One of the persons who filed EB2 told me that a high school graduate would probably be able to work in that position too. This is EB immigration and it is hierarchial. That is quite simply a fact not an opinion. The sooner people understand that, the better, and then everyone can channel their frustrations into broader fixes. Unless that can be done we will see these less than well planned, less than well coordinated, fitful efforts, and an internecine warfare that will make us a laughing stock and undermine the heroic efforts of IV core.[/QUOTE] I am just stating the fact. The position was not my position. So I can't speak too much about it. But that was the person who worked there told me. The most important point is that a lot of EB2s do not deserve it at all. This is especially true for smaller companies including those body shops, where a lot of wiggle room exist on how you describe the job requirements. In large companies, they tend to have more strigent requirments on what category to file. A lot of people filed under EB3 before the retrogression starting in late 2004 and 2005 because they did not pay too much attention on this issue (that's their bad - lessons learned). here is the latest from Wachovia ..(I know it is a repeat ..but to answer the original thread question for others who may want opinions) ..These economists are generally optimistic even when the situation is bad (since it hurts their own stock prices) ..the fact that they are pessimistic shows the real situation. In other words (my thoughts) - if your 485 is pending, then there is no hurry to buy a house ..deals will get better in the next 18 months. (after that house prices will be stagnant for a longer time -- this is for most locations or around 95% of US cities/towns) As average house prices plummet – declining at a 23% annual rate over the three months ending in January – lenders are sharply curtailing access to mortgage-based, home-equity loans. The 15% of U.S. mortgage holders with negative equity in their homes have no access to credit, and 20% with marginal equity have limited access at best.Overall access to credit is contracting: Ask Americans trying to utilize home-equity lines or arrange student loans. Let's do a little math.

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