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The Nanaimo Confessions facebook page had a great post today. Text only because I'm lazy.Some anonymous guy on facebook posted:i confess that i laughed out loud at the cbc news story about suicide rate going up by 30% in alberta since the layoffs in the oilfields hahahaha still cracks me up thinking about it.... Reaction seems split right down the middle between "yeah gently caress those oil-patch grunts" and "you're a monster for thinking this way!"
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Dec 11, 2015 21:13
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Diamato posted:The Nanaimo Confessions facebook page had a great post today. Text only because I'm lazy. It wasn't me, but I agree with every word of it.
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Dec 11, 2015 21:15
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What the gently caress a nanaimo confessions Facebook group
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Dec 11, 2015 21:22
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desperately seeking a way out of nanaimo
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Dec 11, 2015 21:26
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Cultural Imperial posted:What the gently caress a nanaimo confessions Facebook group Stop the misdirection, we know you posted that.
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Dec 11, 2015 21:44
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I hope there's a Abbots can't afford to live in Vancouver facebook group
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Dec 11, 2015 21:47
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Nanaimo confessions: I visited nanaimo for a couple days and had a really good time but I only briefly wandered around "downtown" and spent most of the time on Newcastle Island and the floating pub (which I got to and from repeatedly for free because some dude gave me a bunch of passes to some event that was going on in the evening). I thought their downtown waterfront was fairly impressive for a lovely town their size, good work pirate mayor.
Baronjutter fucked around with this message at 22:01 on Dec 11, 2015 |
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Dec 11, 2015 21:48
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Baronjutter posted:Nanaimo confessions: I visited nanaimo for a couple days and had a really good time but I only briefly wandered around "downtown" and spent most of the time on Newcastle Island and the floating pub. I thought their downtown waterfront was fairly impressive for a lovely town their size, good work pirate mayor. floating pub sucks, its a huge gimmick to take the short ferry
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Dec 11, 2015 21:58
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Nanaimo is basically like a terrible suburb but without a good city a thirty minute drive away to get away to.
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Dec 11, 2015 22:10
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Is the hells angels clubhouse still there
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Dec 11, 2015 22:12
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Cultural Imperial posted:Is the hells angels clubhouse still there No, it and the bitchin' tudor whorehouse up in Courtenay both burnt down ages ago. 
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Dec 11, 2015 23:49
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peter banana posted:How does that work? How are those skills transferable? Banks will pretty much hire anyone who is an engineer. If you just have an engineering degree you can gross about 70-90k working various analyst jobs. With an MBA from a good target school you can find yourself on a trading floor or in some kind of capital markets job as mentioned by CI. Walking in with an MBA, good grades and being reasonably young (less than 30) gets you a nice Investment Banking Associate job at direct entry in most bulge bracket firms. The secret is that anyone can do a banking job. It's not hard. They have excel templates you work with to do financial modeling and you basically make projections of what mergers and acquisitions will look like or what company net worth will look like after a certain amount of time and then create long power point presentations called "Pitchbooks" on short notice. The entire purpose is to basically provide the backup for more senior bankers to close major multi million/billion dollar deals. It's high stress, lots of work and people have very little tolerance for failure. Most people lost their job after about 1-2 years. A select few survive into the long run to become managing directors and major big shots (at the price of literally everything including their health and marriages). It's a LOT of grunt work. You're an on-demand source of statistics and figures for your senior staff. So going back to skills and education. No amount of education can really prepare you that well for ibanking. The real education is the 2-4 week training process they put you through before you start your job. The only reason engineers are so represented in this field is because its a really difficult degree to get so there are less of them than humanities majors. Here is the ranking for who gets into ibanking: 1. Undergrads from "target" schools (Ivy League + some of the nicer schools) 2. Engineers 3. Finance majors with extremely high grades and really good connections + social skills who pound the pavement and suck a lot of dick to get the job. 4. MBAs younger than 30 who skip the entry-level tier for an IB Associate position. These are less about your skills and more about how exclusive or difficult it is thus limiting the supply of qualified candidates. Plus the amount of effort it takes to get an Engineering degree or high grades in another degree often involves working 12 hour days anyway so it gets you into the mindset required to excel at this job (100+ hour work weeks). I could never do it. I gave up on banking ages ago because I hosed up my undergrad and would have to retake a 4 year undergrad just to qualify for an MBA. My only real upward mobility at this point is if I took all the requisite courses required for a CPA designation and written the exam. But at 28 years of age I think I'm too late for that too. So being a salesman who tops out at low tier sales director is about all I can hope for if I play my cards right. Kraftwerk fucked around with this message at 00:07 on Dec 12, 2015 |
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Dec 12, 2015 00:05
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Yeah fewer and fewer Engineers these days actually do Engineering when they graduate, unless they're in one of the"traditional" subfields like Civil. A big chunk of my class ended up in some sort of position at a consulting firm (management or technical), some in finance, sales, a couple went into public policy, etc... Maybe half ended up in a coding gig or something else people would consider "Engineering" work. I did three and a half years at a technical consulting firm after I graduated because it pays pretty good and they're really just looking for people with good general problem solving skills. I knew almost nothing about the field I was consulting in until they trained me. I'd imagine IBanking is similar except the hours are even more insane. However going from a really technical/design undergrad that lets you flex creativity into something like that is pretty draining and that's why a lot of those people (myself included) end up going back for grad school after a few years. Mr Luxury Yacht fucked around with this message at 00:36 on Dec 12, 2015 |
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Dec 12, 2015 00:27
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Guillotine all finance workers imo
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Dec 12, 2015 00:45
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All this being said, there's still money in the factory if you are the person who owns the product rather than the machines. Example: guy designed these plastic things you slap down on dikes during flood season, just a flat plastic with spikes on both sides. Fuckers clearing $1m/yr in profit selling them to the Albertan government and municipalities in the USA. Another guy came up with an odor-locked weed container, making insane money selling it in Washington and Colorado. So yeah, just design something really really generic and you'll make tons of cash, guaranteed. Also, applying for jobs and I came across this gem: quote:- In order to work together, it is very important that our values match. Please review our values here http://screencast.com/t/w7BMMeqyVc and discuss how your personal values align with ours in your cover letter. You know what would really improve your ROI, company? Hiring HR people who don't huff paint. Rime fucked around with this message at 01:03 on Dec 12, 2015 |
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Dec 12, 2015 00:47
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It's almost like innovation will drive economic growth!! How can this beeeee????!? gently caress it lets go back to seizing the means of production with our collectivist farms and eventually we'll be able to pay bus drivers and teachers $500k/year
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Dec 12, 2015 01:03
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Rime posted:All this being said, there's still money in the factory if you are the person who owns the product rather than the machines. Intellectual property is really where the money is. Even if you didn't move manufacturing offshore, it's been my experience that a lot of companies still depend on companies like Sanmina, Foxconn, Celestica etc for manufacturing. I've called on companies who basically took the entire shop floor of their building and gave it to a contract manufacturer to manage and control. Basically two companies operating in the same building. Almost every electronics product you see these days is no longer made in house by the company you see on the label. If it is, it's usually a limited run or a high value product that they need direct control over. By the way you're either an idiot or extremely dedicated if you studied engineering and then went to work in your field. People scrape engineers off the bottom of their boots. They start between 50 to 60k which is garbage money for the amount of effort involved in becoming one. In some cases it can go as low as 45k. You're way better off just working for a bank and racking in the big bux. Or if you're truly talented in design just make up a startup and start an app or something.
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Dec 12, 2015 01:05
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Nobody is "better off" working for a bank, unless they are a sociopath.
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Dec 12, 2015 01:13
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RBC posted:Nobody is "better off" working for a bank, unless they are a sociopath. Oh dear good pay, relative job security,and minimal overtime (although from what I've heard banks actually pay overtime which is more than most Engineering or software jobs lol get hosed exemptions from the labour act). The horror. But no you're right the guy doing UX design for CIBC's iPhone app is an utter monster. Some kind of SuperHitler. Mr Luxury Yacht fucked around with this message at 01:25 on Dec 12, 2015 |
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Dec 12, 2015 01:21
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I don't know what position you are referring to but we were talking about investment banking.
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Dec 12, 2015 01:25
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If you work in the financial services industry in any capacity you are a worthless human. Worse than worthless. You make the world a worse place just by existing.
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Dec 12, 2015 01:31
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To summarize the last two posts: 
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Dec 12, 2015 02:32
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When I worked for TD bank they were the only company I ever worked for that not only did more than the absolute bare minimum they legally had to for employees, but actually went above and beyond by paying overtime before they legally had to, etc. I'm not going to deny that banks are scum, but they're not a lovely place to work by any means.
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Dec 12, 2015 02:58
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"It was worth it for the benefits!" he gasped as he was thrown against a bloodied wall, hands and feet trussed
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Dec 12, 2015 03:42
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THC posted:"It was worth it for the benefits!" he gasped as he was thrown against a bloodied wall, hands and feet trussed Banks according to Corporate Knights are the top 20 best places to work in Canada. Even better then the much loved Canadian Govt. for inclusion, gender/ethnic hiring standards and corporate governance. Stick that in your pipe and smoke it. On a more relevant note, did anyone catch the Financial Post editorial on how the new loan requirements will crush the Alberta homebuilder/developer business model ? Good times. CIBC, Western and BMO are going to get loving smoked on non performing loans.
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Dec 12, 2015 05:48
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The federal minister acknowledged the new measure will affect fewer than 10,000 home purchasers, or one per cent of the total market. “We see that the market in general is stable. Canadians should feel comfortable with their home purchases and we recognize that our job is to ensure that remains the case,” he said.
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Dec 12, 2015 05:56
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etalian posted:The federal minister acknowledged the new measure will affect fewer than 10,000 home purchasers, or one per cent of the total market. hahahahahahaha
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Dec 12, 2015 05:58
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HookShot posted:hahahahahahaha Yeah, its not like small sections of the market have no bearing on debt/loan portfolios. I mean, ABCP was only 2% of the entire paper market in Canada (2005). ~~sarc (im laughing with you, those numbers are for each year's loan origination. how many home owners have them since 2008 in Alberta and that number gets even more hilarious).
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Dec 12, 2015 06:05
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etalian posted:The federal minister acknowledged the new measure will affect fewer than 10,000 home purchasers, or one per cent of the total market. This is from the same government that does not track foreign purchases of Canadian real estate, they have no meaningful metrics to base that statement on.
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Dec 12, 2015 06:08
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etalian posted:The federal minister acknowledged the new measure will affect fewer than 10,000 home purchasers, or one per cent of the total market. I'm so mad at our government. This mess was avoidable, but someone just had to goose the economy with real estate and hope that the oil bet paid off.
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Dec 12, 2015 07:00
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Hal_2005 posted:Stick that in your pipe and smoke it.
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Dec 12, 2015 07:33
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HookShot posted:hahahahahahaha In politics it's sort of a red flag when someone says trust me everything will be ok don't worry.
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Dec 12, 2015 07:35
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It should actually be the government's job to make sure house prices and rental rates aren't sky high.
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Dec 12, 2015 07:35
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All levels of government basically all across the country have shown basically zero interest in really addressing housing affordability and it's insane.
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Dec 12, 2015 07:57
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rrrrrrrrrrrt posted:All levels of government basically all across the country have shown basically zero interest in really addressing housing affordability and it's insane. It's mainly because the canadian economy is now FIRE and commodities.
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Dec 12, 2015 08:04
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The reality is that the government at this point simply exists to move capital from people to the oligarchs.
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Dec 12, 2015 08:13
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cowofwar posted:The reality is that the government
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Dec 12, 2015 08:33
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Would rather have low rents than sky high house and rent price. Also a house isn't a liquid asset so it's not like home appreciation is putting more real money in your pocket each month (Unless you go the HELOC to Cancun and truck equity plan)
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Dec 12, 2015 09:22
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quote:Free rent for a month? Calgary, Edmonton landlords try to woo renters as prices fall http://business.financialpost.com/news/energy/free-rent-for-a-month-calgary-edmonton-landlords-try-to-woo-renters-as-prices-fall
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Dec 12, 2015 10:24
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etalian posted:It's mainly because the canadian economy is now FIRE and commodities. It's because the baby boomers who actually elect all our governments don't want to be told that the HELOCs that are funding their unsustainable lifestyles are going to collapse.
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Dec 12, 2015 14:49
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