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KFRCanuk

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    Off Topic: Heiress to the Johnson & Johnson Fortune Arrested

    in General Discussion

    Posted

    She passed away....

     

    http://www.tmz.com/2010/01/04/johnson-and-jCasey Johnson, an heiress to the Johnson & Johnson fortune, has died .. TMZ has learned.

     

    She died in L.A. We're told the body was discovered this morning.

     

    She was 30 years old. Her father is Woody Johnson -- owner of the New York Jets.

     

    Johnson was arrested in November for grand theft -- the alleged victim was a former girlfriend.

     

    Johnson was reportedly engaged to Tila Tequila. We spoke with Tila a few minutes ago. She says they were fighting last week and that Casey stayed at Tila's house on the 28th. Tila tried contacting Casey on the 29th because Casey had left her dogs behind. Tila says Casey's phone has been shut off since the 29th and she was not able to make contact.

     

    Johnson -- who tweeted frequently -- last tweeted on December 29 at 1:13 AM.

     

    The cause of death is undetermined.

    Should be getting a presser some time soon - Annual Dividend

    in Fairfax Financial

    Posted

    Lets have some fun as this usually becomes a colourful topic ;D

     

    Im going to guess not much higher than last year - meaning dont expect the same % jump as previous years.

    Smazz

     

    These were the dates and amounts of the dividend payouts in past years

     

    Jan 8, 2002 $1.00

    Jan 9. 2003 $1.50

    Jan 12, 2004 $1.40

    Jan 12, 2005 $1.40

    Jan 3, 2006 $1.40

    Jan 23, 2007 $2.75

    Jan 5, 2008 $5.00

    Jan 16, 2009 $8.00

    Domino's Pizza

    in General Discussion

    Posted

    Anyone following Domino's Pizza?

     

    I find two things interesting in the recent past.

     

    1) There was a youtube video of employees doing disgusting things to the ingredients. see http://www.businessweek.com/the_thread/brandnewday/archives/2009/04/dominos_pizza_y.html for more info. The company dealt with the issue immediately and used social networking to get the word out.

     

    2) They have overhauled their pizza recipe in all their locations in the USA.

    http://www.usatoday.com/money/industries/food/2009-12-16-dominos16_ST_N.htm

     

    It could be all marketing saying that their old product was crap but it will be interesting to see if there  is a turn around story there.

     

    I can't remember if DPZ was discussed on the old board ir not.

    Looks Like TARP Will Be Profitable!

    in General Discussion

    Posted

    Looks like Munger was right afterall  ;D

     

    My congressman ran on the platform to oppose TARP and won. I am going to send him this article  ::)

     

    I was watching a PBS documentary a couple of months back. I found it fascinating to watch Paulson progression from inflexible conservative at the beginning of the subprime mortgage crisis to his total reversal and capitulation to bailouts.

     

    I wonder what would have happened to society in the USA when all credit remained frozen. Would there be riots or a revolution? How would Canada have been affected? What steps would the Canadian government have taken? We will never know.

    Facebook's New Privacy Changes: The Good, The Bad, and The Ugly

    in General Discussion

    Posted

    I don't have a facebook account and I'm glad I don't.

     

    Those who do, may might find this Electronic Frontier Foundation on the December 2009 privacy policy change interesting.

    http://www.eff.org/deeplinks/2009/12/facebooks-new-privacy-changes-good-bad-and-ugly

     

    Jason Calacanis thinks that the recent facebook changes were deliberate

    http://calacanis.com/2009/12/13/is-facebook-unethical-clueless-or-unlucky/

     

    Also, You may want to try the ACLU facebook quiz to find out how locked down your information is.

    http://apps.facebook.com/aclunc_privacy_quiz

    Who would have guess that when someone completes a quiz all their friends private information is transfered to the quiz master no matter what the privacy policy is.

    Buffett article in WSJ

    in Berkshire Hathaway

    Posted

    I liked the following quote from the article

     

    By this point, Mr. Buffett was beginning to worry about the entire financial system. In phone conversations, the normally loquacious Mr. Buffett was less talkative and sounded nervous, according to one person who was speaking with him regularly at the time.

    Off Topic: Heiress to the Johnson & Johnson Fortune Arrested

    in General Discussion

    Posted

    I have a brother-in-law that sits on his ass and does nothing.  Oh wait, no that's not entirely fair.  He works as a bartender in Big Sky during ski season -- his shift is only 3 nights a week.  Then he skis the rest of the time.  He lives on an income from a trust but it's only a couple of million.  He is 40 yr old and I think the money will run out but I think he's too stoned to do anything about it.  The trust is invested in mutual funds that charge more than 1% in fees, and on top of that there's a 0.5% trust management fee.  So let's say the fund is invested in 3% dividend payers... right there fully 1/2 of his dividend income go to the fund managers for doing pretty much nothing (it's basically no different from an index fund).  He didn't finish high school -- forget about college.  Just party party party.  The money is 3rd generation, so he is blowing it right on cue.

     

     

    Only 2 million?  That's a butt load of money to most people.  I would retire on that amount if I had it right now.

     

    I think it boils out to 60K/year for 25 years.

    Off Topic: Heiress to the Johnson & Johnson Fortune Arrested

    in General Discussion

    Posted

    Kinda off topic

     

    http://www.nypost.com/p/news/national/heiress_in_theft_scandal_wpIr6Dz4lDG2USQpMGqz0K

    The 30-year-old socialite has been linked to several high-profile girlfriends, including Semel, the daughter of Yahoo! CEO Terry Semel.

     

    Semel allegedly beat Johnson up and lit her hair on fire during a catfight at Semel's home. But they apparently reconciled and were seen together earlier this year.

     

    So if I buy JNJ for my 1 year old son's RESP, I guess I'm supporting her lifestyle in some small respect?

     

     

     

     

    Canadian banks question

    in General Discussion

    Posted

    and the CMHC funding sketchy loans.

     

    Maybe you were specifically mentioning Vancouver in this case.

     

    You go to the bank, ask for a mortgage.

     

    If you don't have 20% down, the bank will require that you have your mortgage insured with cmhc. You can see the schedule cost here: http://www.cmhc-schl.gc.ca/en/co/buho/hostst/hostst_002.cfm#premium

    It's also worth noting that the federal government has reduced the requirement of having 5% down to 0% down in recent years for 1st time home buyers.

     

    If you are dealing with a well funded credit union, they may not require you to have your mortgage insured. The credit union will self insure the mortgage.

     

    Anyway, that is my 2 cents.

    FFH-u.to skeleton now set up on Yahoo Finance.

    in Fairfax Financial

    Posted

    I think a better way of handling this would have been for Fairfax to give us all more time to arrange our affairs.  Why the rush?

     

    I agree. Although, I'm not affected. I wonder if they will ever explain why.

     

    I have a work related problem with one of our largest suppliers websites. Trying to get in contact with the person that is responsible(and can help me) for the particular flash application is tough. It can be a hard these days.

     

    I truly hope that you are able to exchange your ffh.nyse for ffh.u.tsx or someone will point you to the FFH expert at TD Ameritrade.

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