| Goods and Services Tax - GST |
| A Canadian value-added tax levied on most goods and services sold for domestic consumption. The tax is levied in order to provide revenue for the federal government. The Goods and Services Tax is paid by consumers, but it is levied and remitted to the government by businesses. |
Does management know their staff?
On walking into the factory, the MD noticed a young guy leaning against a wall, doing nothing. He approached the young man and calmly said to him, "How much do you earn?"
The young man was quite amazed that he was asked such a personal question, he replied none the less, "I earn $2000 a month, Sir. Why?"
Without answering, the MD took out his wallet and removed $ 6000 cash and gave it to the young man and said, "Around here I pay people for working, not for standing around looking pretty! Here is 3 months' salary, now GET OUT and don't come back".
The young man turned around and was quickly out of sight.
Noticing a few onlookers, the MD said in a very upset manner, "And that applies for everybody in this company".
He approached one of the onlookers and asked him, "Who's the young man that I just fired?"
To which an amazing reply came of,
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"He was the pizza delivery man, Sir!!!"
A lecturer was giving a lecture to his student on stress management.
He raised a glass of water and asked the audience, "How heavy do you think this glass of water is?" The students' answers ranged from 20g to 500gm.
“It does not matter on the absolute weight. It depends on how long you hold it. If I hold it for a minute, it is alright. If I hold it for an hour, I will have an ache in my right arm. If I hold it for a day, you will have to call an ambulance.
It is the exact same weight, but the longer I hold it, the heavier it becomes. If we carry our burdens all the time, sooner or later, we will not be able to carry on, the burden becoming increasingly heavier.
What you have to do is to put the glass down, rest for a while before holding it up again. We have to put down the burden periodically, so that we can be refreshed and are ! able to carry on.
So before you return home from work tonight, put the burden of work down. Don't carry it back home. You can pick it up tomorrow. Whatever burden you are having now on your shoulders, let it down for a moment if you can. Pick it up again later when you have rested.”
Rest and relax, enjoy life !
| Producer Price Index - PPI |
| A family of indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller. |
| Wealth Added Index |
| A metric designed by Stern Stewart & Co consulting firm that attempts to measure wealth created (or destroyed) for shareholders by a company. The WAI takes into account more variables than just the profits or share growth of a company. According to this theory, wealth is created only if the returns of a company exceed its cost of equity. |
| Value Added Monthly Index - VAMI |
| The value-added monthly index charts the total return gained by an investor from reinvestment of any dividends and additional interest gained through compounding. The VAMI index is sometimes used to evaluate the performance of a fund manager. An index that tracks the monthly performance of a hypothetical investment. |
| Yupcap |
| A slang term for a young urban professional who cannot afford property. Yupcaps are individuals in their late twenties or early thirties with a post secondary educations and a well-paying jobs who are unable to purchase a property due to factors such as high real estate prices, limited personal savings and limited credit history, all of which can make it difficult to get approved for a mortgage |
| Index |
| The 12-month moving average of the one-year constant maturity treasury (CMT) used as an index for adjustable rate mortgages. The index is calculated by adding the 12 most recent monthly CMT values and dividing by 12. Since the MTA index is a moving average it has a lag effect. In other words, when the 12 monthly CMT values used to calculate the average are sequentially increasing, the current MTA value will not be as high as the current CMT value, and visa versa when the CMT values are sequentially falling. |
| Spot Trade |
| The purchase or sale of a foreign currency or commodity for immediate delivery. Spot trades are settled "on the spot", as opposed to at a set date in the future. Futures transactions that expire in the current month are also considered spot trades. |
| Transportation Sector |
| A category of stocks relating to the transportation of goods or customers. The transportation sector is made up of airlines, railroads and trucking companies. |
