The clash

It’s probably not what he bargained for, but there he was nonetheless. The Vancouver Crown prosecutor, also a senior lawyer for the federal Justice Department, was this day actually representing Donald Trump and the US government, as he argued the Chinese woman at the back of the room should be locked up.

The lady in the chair Friday was Meng Wanzhou, a big cheese at Chinese tech darling Huawei. Her adversary was one of our blog dogs – doing his job at the request of Ottawa. He argued she’s too rich to be granted bail. No decision was reached, but Meng today is cooling her heels in a Van cell.

Beats me if this episode was justified or not. There are clearly things we all do not know. But Meng, the chief financial officer of a $90-billion company operating in 170 countries (and the daughter of the founder) was nabbed in YVR as she changed planes, on a business trip to Mexico. The arrest by our RCMP was made at the request of the White House, alleging Hauwei did some trading with Iran – in contravention to American sanctions.

In response, China is enraged with Canada. There will be consequences, we are told. The US ambassador has been summoned to Beijing for a dressing-down. If no release, then strong action. And it all comes exactly a week after Trump sat with President Xi to make nice, calm a trade war and improve relations between the two biggest economies.

So much for that. Huawei is China’s Apple. Its equipment is integrated into 45 of the world’s 50 biggest telecom companies. This group of almost 200,000 employees is at the leading edge of China’s stunningly successful barge into the global coms business. Huawei matters. Messing with it, is screwing with China. Grabbing one of the highest-profile women business leaders on the planet and locking her up for something a corporate subsidiary may have done seems like overkill. Obsessive. A vindictive Trumpian-style personal assault. At least that’s how Beijing is seeing this.

But our blog dog colleague argued otherwise. For five years, he said. Huawei used an ‘unofficial’ subsidiary to supply equipment to an Iranian telecom company, in violation of US sanctions. When news of that broke (five years ago) Meng argued there was no connection. Based on that banks financed the transactions. Now the US (and our guy in the Vancouver court) claims this was misrepresentation amounting to bank fraud. So Meng was nabbed and will be shipped off to taste American justice – after some Canadian penal hospitality.

So why does this matter, other than the fact this blog, like Kevin Bacon, is actually only six degrees of separation from every human alive?

Well, watch what stock markets do Monday morning. It won’t be pretty. Futures are down about 2% as I write this, atop the 4.6% decline for US equities last week (Update: futures down .3% by 5 am. Phew). In fact, the market’s off 10% from the record high level set way back in September. Half of that happened since last weekend’s Trump-Xi meeting, which markets now think was a sham, with the US leader coming out of it trying to polish a turd (technical international trade term).

So not only did the US leader say one thing after the dinner (“we made incredible progress”) then tweet something entirely different a day later (“I’m a tariff man”), but Americans told the Mounties to scoop up China’s female Steve Jobs between flights as her Jimmy Choos touched Canadian tarmac.

Investors, markets and most of the world do not want a trade war between these two bohemoths. The consequences of increased tariffs and protectionism are just too high for international commerce. Outfits lik Huawei, along with Apple, Samsung, Microsoft, Foxcon and Hitachi are everywhere across the planet, shipping product, building national infrastructures, employing millions and earning billions. Walls, borders, duties, non-tariff barriers and nationalist politicians are their enemies. They curb growth, reduce profits, shrink opportunity and make investors unhappy.

So here we are on the cusp of something. The economy’s okay. Corporate profits have been robust. Unemployment has crumbled. Inflation is subdued. Stocks are cheaper. Technology is galloping. There’s lots for markets to cheer. So many Wall Street poohbahs are calling for a hot 2019.

But incarcerated in Vancouver is a woman who can change a lot. The trade war now has a face. Meng Wanzhou, at the head of China’s largest public company, was treated at the airport the same as a fugitive drug lord or arms dealer. Our blog pal told the judge she is a flight risk. No bail. Her defence argued to flee would be dishonourable. We have a clash.

202 comments ↓

#1 unbalanced on 12.09.18 at 4:40 pm

Thank the Donald for that. We crater to his calls

#2 Mean Gene on 12.09.18 at 4:41 pm

I guess Meng is facing Trumped up charges?

#3 mogulrider on 12.09.18 at 4:42 pm

For 10 years bad news ws good news
Now bad news is bad news

Its called the end of the business cycle

#4 Dave on 12.09.18 at 4:43 pm

This can not end well, tweets and threats from Trump is one thing. Locking up Meng even short term is unforgivable.
This will be a long process and China will respond financially or if possible lock up a Canadian. Hence cancelled meeting by our BC govt to ho to China.
This will end badly.

#5 mogulrider on 12.09.18 at 4:45 pm

BTW its not the end of the world
cyclical slowdowns are normal part of secular bull markets

#6 Paul on 12.09.18 at 4:47 pm

She is a billionaire.

BILLIONAIRE

Has there ever been a billionaire successfully convicted of anything….ever?

She will walk.

Or maybe we could incarcerate the president’s son in law Kushner (rumour has it he is chilling in Canada until the Mueller BS blows over) and piss off two of the worlds most powerful countries.

#7 prairie person on 12.09.18 at 4:50 pm

At an early age, I learned not to fight other people’s battles. Not only is there no reward but they quickly forget the risks and troubles you accumulate on their behalf. If the PM, as he has said, didn’t know this was going to happen, then there is something seriously wrong in the way his staff is organized. They should have known where this woman was, who she was, what the risks were, including her getting out of one plane for another. She should have been sent on her way to Mexico lickety split, even if it was in a private jet. I’m afraid that the world powers do not share JT’s priorities and that includes what he thinks isn’t important. More and more I feel like we have an undergraduate in charge.

#8 Blair on 12.09.18 at 4:50 pm

Will I ever be able to retire, Garth?

#9 Bucky on 12.09.18 at 4:57 pm

Messy indeed, with little Canada stuck between a rock and a hard place. American versus Chinese exceptionalism, both can’t get a pass. Modern day Suez crisis coming up for one of them?

Buckle up!

#10 Flamen Lupanares on 12.09.18 at 5:01 pm

The Freedom Roll Standard Committee is urging all gold, bitcoin and oil, gas and mining investors to stop stating their networth in fiat money. This defeats our purpose to educate ignorant masses to move away from a fiat money economy into a Freedom Roll economy. You should state your networth in hygienic paper rolls, which for our purposes are to be named Freedom Rolls. State your networth in the universal Freedom Roll currency! Tenants: insist to pay your rent in Freedom Rolls! Landlords: only accept rent paid in Freedom Rolls! Start the Revolution now! Freedom Rolls are our only escape to freedom from the NWO communistic climate change agenda!

#11 Smelly on 12.09.18 at 5:04 pm

One thing about the Chinese oligarchs, they are a tight group who don’t like gweilos messing with there businesses and money. That’s a redline for them.

They’ll retaliate for this, once diplomacy fails, and it will. The US is looking for a fight. I suspect they’ll retaliate in kind, probably dumping US bonds or snatching some US businesses.

Going to be an interesting 2019!

#12 David McDonald on 12.09.18 at 5:08 pm

I wish the Mounties had just passed this little problem on to the Mexicans. The Chinese will want to punish somebody and unfortunately we are an easy target. Canadian high tech businesspeople beware.

#13 It Begins on 12.09.18 at 5:08 pm

The BC government had to cancel its Trade Mission with China because of the detention, but perhaps at another time in regards to forestry products.

#14 islander on 12.09.18 at 5:09 pm

My prediction is:
1. Some official(s) at HSBC – HK will receive a slap on the wrist for sloppiness regarding transactions between Skycom HK and Iran. Apparently Skycom UK has been dissolved.
https://www.straitstimes.com/asia/east-asia/hk-firm-skycom-accused-of-helping-huawei

http://www.privatebanking.com/directory/middle-east-iran-tehran/banks-rep-offices/hsbc-bank-middle-east-3

2. Meng Wanzhou ( Liu ) will be granted bail and join her husband and 10-year-old daughter at one of their Vancouver homes. Meng’s normal 2-3 week annual stay in Vancouver will, this year, be extended.
Vancouver houses: Matthews Ave. in Shaughnessy, and West 28th Avenue in Dunbar, “are registered to Xiaozong Liu — according to B.C. Land Title registry records — the same name as Meng’s husband, who is identified in Chinese media.”
https://vancouversun.com/news/local-news/huawei-executive-arrested-at-yvr-appears-to-have-family-ties-to-vancouver-homes

Life will go on….

#15 Fluorine on 12.09.18 at 5:13 pm

You can delete this, Garth.

It’s HUAwei… hua means flower in Mandarin

#16 gfd on 12.09.18 at 5:26 pm

On another note, and only if Garth will allow for this to be posted, is the link for a PETITION TO THE GOVERNMENT OF CANADA regarding Migrants and Immigration and legality/regularity surrounding this issue.

Not a chance. – Garth

#17 Doc on 12.09.18 at 5:26 pm

I think we need to act lawfully despite the political and economic risks. I expect my dwindling portfolio will suffer and I depend on it in my now senior years. Trudeau is following a globalist socialist agenda which I loathe and whoever is pulling his strings will have him under pressure to back off but we need to let this lady have her day in court and have a judge make a decision after a transparent process when he or she has all the facts. We do need to make judgements based on reason and evidence. The reality may be quite unpleasant for us but if we have lost impartiality of judges we’re in bigger trouble.Truth/reality matters so lets deal with that and stop pretending we live in a nice safe world.

#18 Linda on 12.09.18 at 5:27 pm

I sincerely trust the USA has solid proof of misdeeds to justify the arrest of Huawei’s CFO. ‘Alleged’ does not fill me with confidence for a number of reasons, including the whole ‘guilty, must prove innocence’ scenario. Some earlier comments when this story broke asked if Canada should ‘turn a blind eye’ when the rule of law if being flouted. My answer is no, but if this turns out to be some political maneuver to put pressure on China & Ms. Wenzhou’s arrest was not justified, Canada will have been a party to that. What action should Canada take then?

#19 old gringo on 12.09.18 at 5:30 pm

Well, if Meng does spend time in prison, lets hope she shares a cell with D. Trump, who really should do a lie detector test to settle how many lies he’s told and crimes he’s committed.
That would determine his sentence!!!
Lets see those tax returns he’s avoided showing for 2 years.
What a sham!

#20 For those about to flop... on 12.09.18 at 5:30 pm

Pink Pumpkins being carved in Burnaby.

These guys just pulled out the lightsaber and slashed another 60k off of this house in Burnaby.

They have been at it since April and this is their third reduction in this speculation attempt that is threatening to take them to the dark side of people who have lost money on Vancouver real estate.

The details…

9160 Wilberforce st,Burnaby.

Paid 1.36 July 2017

Originally asking 1.62

Now asking 1.43

Assessment 1.33

The realtors in this city need to step up their game.

Sometimes unlocking doors and turning on lights is not enough,you need to go that extra mile now that things are returning to some sort of balance.

People don’t care what shoes you’re wearing.

Don’t care about the car you drive.

They are there to look at,and possibly by that property.

It’s not about you,it’s about them.

You need them more than they need you, now that the fighting is being fought on a different battleground.

Treat them as you would wish to be treated.

Listen to your conscience.

You must learn to use the force…

M44BC

https://www.zolo.ca/burnaby-real-estate/9160-wilberforce-street

#21 broader mind on 12.09.18 at 5:32 pm

Pretty sure the real clash is between Trump and the world. What you are really seeing in the market’s is trouble brewing from Mueller …….

#22 Thank you US on 12.09.18 at 5:34 pm

I just want to say that I am embarrassed to be a Canadian.

And very unlucky to be living in Vancouver. Ground zero of this stuff. Vancouver is the gateway of dirty money that funds very bad stuff throughout the world.

Let’s talk facts:

Owns multiple Vancouver homes close to 30 million. Mostly mortgaged (like she can’t afford it) with the second home 100% financed (different bank rules for different people I guess).

Telus boss said we should have let her slip away. Go Telus and your 5G network. Other countries like US, OZ are banning their tech. It has kill switches that can shut us down at will once fully utilized. Duh. Telus don’t mind though.

SkyCom is the subsiduary at the center of with ties to a South Vancouver address.

It is also registered in the BVI of the Panama Papers Databased registered to a Li Mei Zhu.

Canada would not have made an arrest if not for the US here and people like miss criminal Clark here in the province would have actually setup a meeting to try and encourage more business of such.

Oh Banana Republic Canada!

#23 SoggyShorts on 12.09.18 at 5:35 pm

#96 Stan Brooks on 12.09.18 at 8:54 am
#82 SoggyShorts on 12.09.18 at 2:26 am
I know that driverless trucks are coming, but your timeline for when truckers become “obsolete” is just too far fetched.
Remember, you said “5-10 years max, maybe less”
That means you think it might happen in 4 years.
Not. Going. To. Happen.

We barely have any unsupervised trains yet. Think about that- A train is a vehicle that always has the right of way, never has to make a turn, and always runs the same route, and yet still we have a human in ultimate control. We don’t even trust a robot with a 2 command vehicle “stop” “go”.

To make truckers “obsolete” you’d need “dock to dock” AI transport, and that is way beyond what they are thinking about in 5-10 years. Highway only? Sure, that is possible but won’t make truckers obsolete.
Almost every dock in NA and many gas stations are totally unique, and often have line-ups which aren’t realistic for a robot to navigate. I don’t see a trillion dollar upgrade to infrastructure just to support this happening in your time-frame either.

BTW when you link articles, they should at least support your position, the Guardian article you linked says nothing of the sort.

Even UBER projections max out at 15-45% by 2028, but with an increase in trucker jobs.
https://www.theatlantic.com/technology/archive/2018/02/uber-says-its-self-driving-trucks-will-be-good-for-truckers/551879/

PS. Gas is $0.92 at every gas station in Edmonton not just Costco, remember those other lessons we talked about?
1. Toronto =/= Canada
2. https://en.wikipedia.org/wiki/Average

#24 Oakville Sucks on 12.09.18 at 5:35 pm

The law is the law and nobody should be above it. Lock her up!!!!

#25 gfd on 12.09.18 at 5:36 pm

On another note, and only if Garth will allow for this to be posted, is the link for a PETITION TO THE GOVERNMENT OF CANADA regarding Migrants and Immigration and legality/regularity surrounding this issue.

Not a chance. – Garth

==========================

Hint is cool. Cheers.

#26 cecil1 on 12.09.18 at 5:37 pm

The Chinese have been stealing American technology and undermining patent laws for decades.

Americans are rightly angry. That’s what this is about.

Its been an issue in trade negotiations and continues to be. Its a problem that needs a solution beyond promises from the Chinese.

#27 TheDood on 12.09.18 at 5:38 pm

There is no way Canada should have touched this. What a bunch of buffoons we have running this country. No matter which way you look at it, this is not our problem. It’s between US and China, and by sticking our noses into it, the country is going to suffer. We could have easily let her board a plane for Mexico and acted like incompetent morons – like our glorious leadership – and nobody would have been the wiser.

OMG the stupidity in this country is amazing! WOW.

#28 Huawei = dead company walking on 12.09.18 at 5:39 pm

You want to mess with US and the flagship Apple product competitiveness through stealing your ideas from Nortel and causing the Nortel collapse and shutting down of it via hacks?

Chickens coming home to roost now. Start dumping China stock ASAP. This could tip an already fragile economic situation in China. I’m ready for it.

#29 Rexx Rock on 12.09.18 at 5:40 pm

Here’s a thought.Macron is really T2 twin brother.There doing the same thing,open borders,high immigration,carbon gas tax,total disconnect from the working class people.T2 was brought up a income trust kid.He travelled the world like a rockstar playboy,his only worry if he has a bad hair day and now he’s our prime minister.

#30 The Great JT on 12.09.18 at 5:46 pm

Trudeau: “ah,ah,ah it would be inappropriate for me to comment on this matter before the courts” with that nice little globalist smirk that is the equivalent of of laughing while giving the middle finger.

Here is hoping China dumps Canadian real estate assets and we might see that 80% drop in housing prices in Vancouver that the NDP will get blamed for.

It is time for the public inquiry and a registry of all existing homes to see who is who.

Get the cartels out of the shelter business.

#31 The Real Mark on 12.09.18 at 5:47 pm

Highly highly doubt they took her to the ‘normal’ jail, or even put her in a CBSA cell at YVR. Most likely what happened was that she was met at the airport by the CBSA/RCMP officers at the gate, who whisked her, right on the tarmac, to the Fairmont where she more than likely is under guard at the moment. With access to all the room service she wants.

Yes, still an arrest. Still detention nonetheless. But probably not a typical “Canadian penal experience”.

#32 Shawn Allen on 12.09.18 at 5:49 pm

The Intrusive United States of America

The United States of America is by far the most intrusive nation on the planet.

It deigns to tell Chinese companies, and all the world, if they can trade with Iran or not.

It occasionally orchestrates “regime change” in various countries around the world.

It sends its armed forces hither and thither about the globe.

Meanwhile, this so-called land of the free was highly outraged that Russia may have tried to convince U.S. voters who to vote for. This was not Russians hacking a voting machine, merely Russians stating their case trying to convince voters via social media. Perhaps using false information. (Like everyone else involved). Much ado over not much. THAT they call an outrageous intrusion.

The United States is NOTHING if not hypocritical.

#33 Impressed on 12.09.18 at 5:50 pm

I’m very impressed that the prosecutor comments on your blog.

That’s quite some celebrity crowd in here!

#34 Alberta Ed on 12.09.18 at 5:50 pm

No winners in this situation. Let’s hope cooler heads prevail.

#35 Shawn Allen on 12.09.18 at 5:51 pm

The Huawei arrest.

Was Canada obligated to act on the international warrant under some international agreement? I suspect so.

#36 pathcontrolmonk on 12.09.18 at 5:51 pm

Lock her up!

#37 Ace Goodheart on 12.09.18 at 5:52 pm

In other news, a groundswell of industry backed State governments are quietly putting into process the works to start grabbing Trump’s assets one foundation at a time.

If you think the Huuwai hullabaloo is big give these determined State prosecutors six months.

Trump is not going to like it when he starts losing all of his stuff.

And he caused this for himself when he declined to separate his business interests from his Presidency.

#38 Lost...but not leased on 12.09.18 at 5:53 pm

I texted my protege’ Elon Musk on what Canadians should wear as in- sync with Frances’ ” Yellow Vest ” movement..

Will let you know what IPO is….so far its an amalgam of poutine….. whinney Easterners(redundant) and Drake…

#39 crowdedelevatorfartz on 12.09.18 at 5:54 pm

Canada is being Merciless to Meng!
The solution?

Allow the Billionaire to post bail for several million $$$$.(chicken feed)

Take her one passport away( because she couldnt possibly hold another one).

Accept her promise to stay in Canada while the deportation proceedings grind on for years (12 years for a known Triad member).

Express outrage and shock when the Chinese govt whisks her away in the dead of night back to the P.R.C….

Watch Vancouver’s foreign ownership( and housing prices) dwindle to zero over the next 12 months as P.R.C. money flees the ensuing $hit$torm

Several Problems solved……

#40 Gramps on 12.09.18 at 5:57 pm

Things must be different in a dogs world.
Looks like the older dog wants what the moister has..

#41 Terry on 12.09.18 at 5:57 pm

I think it’s best to remind everyone here that China is still a COMMUNIST country and we should never allow China or any of it’s copycat, lying and outright fraudulent companies to take over or get ahead of the free western world!

Never China…..never…….good job RCMP and good job Canada! It’s good to see that our top cops are supporting the rule of law and backing our U.S. allies with her arrest and detention.

#42 Slim on 12.09.18 at 6:07 pm

Was Meng flying commercial? I would have thought, someone with her status would be travelling by private jet. This could get ugly.

#43 Canada law is a like a box of chocolates on 12.09.18 at 6:08 pm

I have this buddy who I found on Twitter. His name is Marc Cohodes. This is what he openly tweets about Canada often. He is an example: “Joe Six Pack has no chance in Canada..NONE..The entire Financial System is Corrupt and truly a Banana Republic… One day I will devote 3 Chapters in a Book and Name Names.. The Whistleblower program is a Complete Farce”

Here is Carson Block. Block on Canadian regulators/policy makers: “We tend to think of Canada as being first world, but in some ways they’re a little more ‘clubby’ than we’re used to”

Here Kyle Bass: “Canada allows Chinese criminals to wash billions in Vancouver real estate. Great reporting by scoopercooper”

Seriously? These are public twitter comments. What is going on in Canada?

#44 Missing Link on 12.09.18 at 6:10 pm

We all know that Meng was arrested in Vancouver because the US authorities exercised an extradition, based on a criminal act of sorts. She flew from Hong Kong to exchange flights in Vancouver heading to Mexico. Why and how did the USA know her exact flight plan causing problems for Canada? Could it be just a coincidence or was it because Canada had yet to join the 5 eyes in this endeavour?

#45 KLNR on 12.09.18 at 6:11 pm

@#18 Linda on 12.09.18 at 5:27 pm
I sincerely trust the USA has solid proof of misdeeds to justify the arrest of Huawei’s CFO. ‘Alleged’ does not fill me with confidence for a number of reasons, including the whole ‘guilty, must prove innocence’ scenario. Some earlier comments when this story broke asked if Canada should ‘turn a blind eye’ when the rule of law if being flouted. My answer is no, but if this turns out to be some political maneuver to put pressure on China & Ms. Wenzhou’s arrest was not justified, Canada will have been a party to that. What action should Canada take then?
_______________________________

The US does whatever they want, whenever they want.
Remember the weapons of mass destruction in Iraq?
No need for proof lol

#46 HAM R Us on 12.09.18 at 6:12 pm

According to People’s Daily, she was iron-shackled both hands and feet at the airport.

Why self-claimed nice, polite Canadians treat this woman like a proven, hard core criminal?

#47 JVR on 12.09.18 at 6:18 pm

Too bad we were too chicken for not going after Huawei for stealing Canadian IP. Now our major telcos like Bell and Telus buy it from them.

#48 HAM R Us on 12.09.18 at 6:18 pm

This whole incident is about the dominance of 5 G.

Canadian government claims this is pure legal process, and this is about “rule of Law”?

How many people here really think this is an application of ” rule of law”? I want to hear blog dogs opinion.

#49 BC Doc on 12.09.18 at 6:18 pm

A Vancouver connection— two houses for sake soon?!

https://www.bloomberg.com/news/articles/2018-12-09/for-huawei-cfo-an-idyllic-summer-playground-turns-into-a-prison?srnd=premium-canada

#50 april on 12.09.18 at 6:19 pm

#27 – One report said that Canada was ordered by the US to detain this person?

#51 acdel on 12.09.18 at 6:21 pm

At first I read a story that T2 was aware that the American’s requested her arrest, then I read that both T2 and Trump were not aware of the requests.

The rule of law is the rule of law but if the accusations are correct towards her then should not all that are doing the exact same thing in many different countries be arrested as well??

This whole thing stinks and T2 just got played once again. Perhaps he can tweet President XI and give him 50 million to forget about it..

Meanwhile millions of people in yellow vests are fighting against this style of corruption that is killing the middle class. What a bloody farce this all is…..

#52 Ex-Cowtown on 12.09.18 at 6:21 pm

Too big to jail apparently. Nowhere in the Chinese objections are statements that she’s innocent, just that the Beijing demi-gods want her back now.

You’d think she was a Clinton or something.

#53 [email protected] on 12.09.18 at 6:23 pm

all this over embargoed Hewlett-Packard computer equipment?

https://www.reuters.com/article/us-iran-huawei-hp/exclusive-huawei-partner-offered-embargoed-hp-gear-to-iran-idUSBRE8BT0BF20121230

The proposed new HP equipment, which totaled 1.3 million euros, included one server, 20 disk arrays, 22 switches and software. The existing HP equipment included 22 servers, 8 disk arrays and 13 switches, with accompanying prices.

need more info? any references?

#54 HAM R Us on 12.09.18 at 6:24 pm

Sorry to be provocative to some readers here, but:

Rest assured, this act of war from some elements of US society will, can, shall do nothing to the rise of China!

#55 Vampire studies on 12.09.18 at 6:25 pm

Am I understanding some of these comments? we should have just let her pass through? We are supposed to ignore the law and terms of treaties?
What would THAT say about Canada?

https://www.cbc.ca/news/politics/meng-huawei-extradition-1.4937146

#56 KLNR on 12.09.18 at 6:25 pm

@#27 TheDood on 12.09.18 at 5:38 pm
There is no way Canada should have touched this. What a bunch of buffoons we have running this country….

OMG the stupidity in this country is amazing! WOW.

___________________________

you being a prime example lol

#57 Karma on 12.09.18 at 6:33 pm

DELETED

#58 IHCTD9 on 12.09.18 at 6:40 pm

I’m sure Canada and the US have a treaty regarding extradition of wanted persons. I doubt we would have fared better defying this agreement.

#59 Ed Bingham on 12.09.18 at 6:45 pm

If I am reading between the lines here properly I see one big thing from this blog today, Preferred Shares will undoubtedly and relentlessly be sold heavily tomorrow. Crumb.

#60 Harry Bertram on 12.09.18 at 6:47 pm

Trudeau should have said..ohh so you want us to arrest her Donald?..How about you remove those steel tariffs first eh!

#61 Shelly Green on 12.09.18 at 6:52 pm

If we had let her pass, would the Mexicans have stopped and arrested her?

also

Does this mean Trudeau won’t be visiting China now and playing dressup and dancing around with Xi?

#62 When Will They Raise Rates? on 12.09.18 at 6:53 pm

Of course Canada would cooperate with the US on this issue… Huawei phones block back door hacks that the five eyes use to spy on people.

#63 The Real Mark on 12.09.18 at 6:55 pm

“This whole incident is about the dominance of 5 G. “

I shake my head every time I hear the media “talking heads” claim that this has anything to do with 5G. Huawei 4G equipment is ubiquitously installed in Canadian mobile telecom networks, base stations. Any sort of attack or spying that would theoretically be possible with 5G equipment, would also be possible with 4G equipment.

So if Canada were to require Huawei equipment to be withdrawn, the government most likely would have to compensate Canada’s mobile network operators (Telus, Bell, SaskTel, Rogers) for their substantial costs. Additionally there’s no guarantees, short of an extensive proprietary source code audit process, that competitors’ 4G products are similarly free of the sort of back doors that are alleged of the Huawei equipment.

The extent that the media (especially Canada’s fake news, Glow-Bull, which has been caught misleading the public about Chinese participation in Canada’s RE) has exaggerated the issue and the ‘5G’ nature of such really leaves a lot of questions that should be answered. Such as whether there is a commercial agenda against Huawei by competitive (Western) equipment manufacturers, or a desire by western intelligence agencies to have their own undocumented back-doors into the network equipment.

#64 acdel on 12.09.18 at 7:00 pm

#60 Harry Bertram

Great comment but did he or did he not know?? Hmm!! Sure yeah, sarc!

I swear all of our world leaders have less intelligence then a grade 4 class; I bet these kids could teach them a thing or two. Go elementary kids go! :)

#65 Timmy on 12.09.18 at 7:01 pm

DELETED

#66 Trumpocalypse2018 on 12.09.18 at 7:03 pm

I am declaring a RED ALERT at midnight tonight.

This, combined with Mueller is about to escalate horrifically.

PREPARE.

#67 HAM R Us on 12.09.18 at 7:07 pm

WTF when China got ahead, it is because of stolen technology? Why Huawei is way ahead in 5 G then every one else in the US if they just steal and copy? Yeh, they must have stolen from us!!!

For those who hate China, for your own good, Chinese land rover is going to land on far side of the moon this week!!! Yeh, this must be from stolen technology!!!

STFU!

#68 akashic record on 12.09.18 at 7:12 pm

“There is no way Canada should have touched this.”

Once you sign a treaty, you are no longer a sovereign decision maker.

“Outfits lik Huawei, along with Apple, Samsung, Microsoft, Foxcon and Hitachi are everywhere across the planet, shipping product, building national infrastructures, employing millions and earning billions. Walls, borders, duties, non-tariff barriers and nationalist politicians are their enemies. They curb growth, reduce profits, shrink opportunity and make investors unhappy.”

At the age when a petty issue of publishing a link to an official petition, hosted on the government website is a “not a chance”, people seem to be surprized by the fight that who and how controls the Internet, wireless infrastructure, backdoors, nationally and internationally.

The world was naive and lacked proper technology when Cisco, Microsoft, Google, Facebook, chipmakers could go global, deeply integrated into economies around the world. It was powered by the militarily, technological uni-polar power of the US.

This has been coming to an end. Over the years China managed to catch up and being able to produce cheaper competing technology, by gaining near monopoly in production. Thanks to Western corporate greed and shortsighted politicians, who thought they could defeat Communism by consumerism and who were too idiot to comprehend the most basic security concepts. Or too evil, to cover their business on private server, that had zero chance to withstand state sanctioned hacking.

China is trying to pull the same trick what the US did, placing Trojan horse devices that can control, snoop information at the core infrastructure level, with the convenience of cheaper price, around the world.

“Not a chance” is the response from growing number of waking Western governments, including the US.

Their measures curb growth, reduce profits, shrink opportunity and make investors unhappy.

They don’t care.

For a state, when it comes to who controls the ultimate political, military power, growth, opportunity, unhappy investors, eventually the entire idea of globalism is low on the totem pole.

Globalism naturally hits the wall when it ends the uni-polar world of American and Western economic, military dominance.

This is what this “incident” is all about. It was just a matter of time.

The anti-refugee petition will not be promoted here. Don’t like that? Leave. – Garth

#69 KLNR on 12.09.18 at 7:13 pm

#55 Vampire studies on 12.09.18 at 6:25 pm
Am I understanding some of these comments? we should have just let her pass through? We are supposed to ignore the law and terms of treaties?
What would THAT say about Canada?
__________________________________
The venom towards T2 on here is so strong that some would cut off their nose to spite their face LOL

#70 HAM R Us on 12.09.18 at 7:14 pm

For those China haters, let me wake you up:

Hate can only get you so far. You need hard work, intelligence to move ahead. China is already a $12 Trillion GDP economy. It will not collapse as you so wish!

Give it up.

#71 Funky on 12.09.18 at 7:14 pm

#28 – My thoughts exactly.Thanks. Where is Ali Baba?

#72 When Will They Raise Rates? on 12.09.18 at 7:17 pm

Not sure why you didn’t post that comment, it’s well documented… many, many governments use Huaweu phones exclusively for this very reason.

#73 Yukon Elvis on 12.09.18 at 7:18 pm

Big trouble in little Canada.

#74 The American Pattern on 12.09.18 at 7:20 pm

This is nothing new and has been going on for many decades. If there is no enemy to fight, one is created; if there is no evidence, the evidence will be created; and if someone is guilty of a crime, we will create evidence to the contrary, and he or she can leave in peace free once again.

#75 majik on 12.09.18 at 7:22 pm

Unfortunately your blog dog friend is being played, much like Trump and T2 were. John Bolton knew about the arrest but didn’t tell Trump even as they all sat down to dinner with Xi. There is coup going on the Whitehouse.

#76 When Will They Raise Rates? on 12.09.18 at 7:22 pm

This should shed some light on the underlying issue:

http://www.voltairenet.org/article204264.html

#77 Doug t on 12.09.18 at 7:22 pm

Easy Peasy – if guilty then jail – huff said

RATM

#78 Long-Time Lurker on 12.09.18 at 7:25 pm

>The Chinese Communist Party: The new oligarchy replaced the old oligarchy.

https://www.nydailynews.com/news/national/ny-news-us-china-meng-wanzhou-arrest-20181206-story.html

…Meng’s father is a retired officer with the Chinese army who serves as a member of the National Congress of China’s Communist Party. Meng is his only child. She holds a master’s degree in management from Huazhong University of Science and Technology…

https://www.reuters.com/article/us-alibaba-jack-ma-idUSKCN1NW073

Alibaba’s Jack Ma is a Communist Party member, China state paper reveals

SHANGHAI (Reuters) – Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

The People’s Daily revealed Ma’s Party membership in a list of 100 people it said had helped drive the country “reform and opening up” process. Ma is China’s richest man with a fortune of $35.8 billion, according to Forbes….

——–

>Chinese Communists’ infinite hypocrisy on “human rights”.

https://www.newsweek.com/who-meng-wanzhou-china-accuses-us-canada-harming-human-rights-arrested-huawei-1246848

… “The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim,” its statement read. Beijing had “lodged stern representations with the U.S. and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou.”….

https://www.theguardian.com/world/2018/dec/07/uighur-leaders-warn-chinas-actions-could-be-precursors-to-genocide

Uighur leaders have called on democratic governments to confront China over its treatment of ethnic minority Uighur Muslims, saying the government’s actions against the ethnic minority group are “precursors to genocide”.

On a visit to Australia, leaders of the Uyghur Human Rights Project (UHRP), based in Washington, said governments, businesses, academics and thinktanks all had a responsibility to stop “business as usual” relations with China.

They also warned of China’s “extra-territorial reach”, which saw coercion and threats against Australian Uighurs, who were unable to escape the reach of the Chinese state.

“It’s time for action, something horrific is happening on our watch,” said Nury Turkel, chair of the board for the UHRP.

An estimated one million Muslims are being held in detention camps in Xinjiang by the Chinese government as part of a sweeping crackdown on the rights of the minority group….

#79 Sydneysider on 12.09.18 at 7:29 pm

#44 Missing Link

“Why and how did the USA know her exact flight plan causing problems for Canada?”

Any non-PR/citizen travelling to Canada by air must file this information nowadays, which is then sent to the US.

#80 acdel on 12.09.18 at 7:31 pm

#61 Shelly Green

Nope; Mexico would not have acted, they know exactly what is going on.
Nothing will happen to Meng Wanzhou, a little publicity, the usual from T2, he might tweet her 50 million but all is good in his world! Sunny ways!

#81 Sam the Sham on 12.09.18 at 7:31 pm

At the heart of this issue is the US governments belief that it can force the rest of the world to enforce its sanctions on Iran. Why should Canada be a part of this? The arrest of Meng Wanzhou was a travesty of justice and an affront to Canada’s sovereignty. This just demonstrates that Canada is in reality a vassal state to the US. Sure everyone thinks it’s cute when incompetent Chrystia Freeland badmouthed Trump during NAFTA negoations, but in reality Canada through NATO and the “Five Eyes” security agreement is the United States’ vassal.

#82 S.Bby on 12.09.18 at 7:32 pm

Canada should have let her leave for Mexico then the Americans would have forced the plane to land in Seattle or San Fran and nabbed her on American soil.

#83 Victoria Tea Party on 12.09.18 at 7:33 pm

#7 and #39

INSCRUTIBLE VS BOMBASTIC: CLASH OF TWO EMPIRES.

WHO WILL WIN?

And what will happen to Canada as this battle between the world’s two largest economic/military empires “use” a Vancouver court room to hash out the next step…before the step that WILL occur AFTER that.

And what, exactly, will be THAT next step?

It won’t benefit BC and Canada, as far as I can see. There will be a winner and a loser, and then there will be us.

If the US gets the girl, China will be on our back. If she “escapes” back to China, the Trumpster will become our Thumpster.

Possibly with that in mind, the Yanks “instructed” its ever-obedient colonial forelock tuggers to rope in that lady, whose father–Huawei’s founder–apparently has deep roots in the Chinese intel establishment. I guess Washington wanted Canada to get some blowback for whatever distractive reason.

BTW, I wonder how many Beijing spooks are casing the joint (Vancouver) and just what may they have up their sleeves?

Dont’ wanna think about it.

After Canada’s royal shafting, by the US and Mexico, with the signing of the USMCA trade deal I guess one more “request”, from Big Daddy in DC, seemed the “right” thing for us to carry out. Mais Oui, mon President.

Already the Chinese government has canned a planned BC government trade tour to China.

So, I’m with the collective comments of #7 and #39. But I’m not sure this lady will be going to the US.

For us to be the squishy “meat” within the two “pieces” of the world’s biggest geopolitical sandwich (pass the mustard and relish) will be darned-near unprecedented for us. Uncomfortable.

My hope is that someone somewhere will sort this out so that all sides can “see the light” and determine whether sending this lady to American judicial purgatory wll actually change a thing.

Meanwhile the powerless get even less so; falling stock markets, ravaged RRSPs. TFSAs, battered pension plans.

The risks are monumental and life threatening.

#84 crowdedelevatorfartz on 12.09.18 at 7:33 pm

One wonders if it was one of the famously short “mini Mounties” ( standing tall at less than 5ft 7inches) that seem to thrive everywhere at YVR airport who got to “slap the cuffs” on Merciless Meng.
Did she go quietly or did she drop names like Xi and Putin as her dads’ best friends to try and intimidate our vertically challenged boys in blue?
And now that she’s in temporary Lock Up does she get to knit Mailbags with the other criminals awaiting trial?
Or is she kept isolated from other chained desperados wanting to earn some “cred” and another 1%’er tattoo for punching out a billionaires progeny.
Top bunk or bottom bunk?
Rolex or Patek Philippe for cigarettes?
One can only imagine the conversations after “lights out”.
Inquiring minds want to know……

#85 Capt. Serious on 12.09.18 at 7:34 pm

Sure, this looks ugly on Canada, but it’s completely expected that if there is a warrant for the arrest of a person and said person shows up at your border that you arrest said person. Just in this case the person is very high profile.
About Huawei. Not really Apple. Sure, they make phones, but Huawei also makes all the backbone infrastructure for modern communications networks. Everything from wireless base stations to routers to optical networking equipment. And they are pretty ruthless in business, despite the nice shiny marketing images. I have no idea if they actually ran afoul of export rules involving Iran, but I do know you basically are not allowed to export any encryption related technology there. Especially if some of that technology was developed in the USA.

#86 Jan Corbinski on 12.09.18 at 7:35 pm

They lock up Ghosn who did far more for a business alliance than this little princess from the-east-is-red.

#87 crowdedelevatorfartz on 12.09.18 at 7:36 pm

Apparently Merciless Ms Meng forgot the golden rule in BC…….Bring Cash………lots and lots of cash……..

#88 Shawn Allen on 12.09.18 at 7:39 pm

Predicting the Futures…

Many times the market opens far different than what the futures “saw” 12 or 16 hours previous.

Right now S&P 500 futures indicating down 0.8%.

#89 Yukon Elvis on 12.09.18 at 7:41 pm

#46 HAM R Us on 12.09.18 at 6:12 pm
According to People’s Daily, she was iron-shackled both hands and feet at the airport.
……………………

She also had a sack over her head. And a rubber ball in her mouth.

#90 mogulrider on 12.09.18 at 7:43 pm

Canada will have to pay dearly

DOes tye mean that Laundered Chinese money won’t come here anymore?

They already wiped us out

#91 AK on 12.09.18 at 7:43 pm

“In response, China is enraged with Canada. ”
=====================================
Does that mean no more knock offs sent to the Pacific Mall ??

#92 TurnerNation on 12.09.18 at 7:45 pm

#6 Paul yes – two billionaires got the final penalty here in Toronto last year. Police will never utter another peep, been told to stand down I imagine. The family had to take over investigating.
I cannot imagine many at that level are allowed to keep clean. Deals get done. Debts get sealed – or unsealed.

#93 dakkie on 12.09.18 at 7:47 pm

The World Is Nearing The Point Where Global Central Banks Would Inject A Bunch Of Credit Into The Global Economy – If That Does Not Happen – Then Hard Landing Is Likely

http://www.investmentwatchblog.com/the-world-is-nearing-the-point-where-global-central-banks-would-inject-a-bunch-of-credit-into-the-global-economy-if-that-does-not-happen-then-hard-landing-is-likely/

#94 AK on 12.09.18 at 7:49 pm

Exclusive: Police called to attempted break in at Vancouver property linked to Huawei CFO

#95 n1tro on 12.09.18 at 7:49 pm

I’m shorting the Canadian dollar and silver tonight.

Rule of law….bahaahaha!

#96 the Jaguar on 12.09.18 at 7:53 pm

Canada did what it was required to do under established international agreements. Not our accusation nor our court case. If the judicial system goes through its paces and she is to be surrendered to the US authorities I think we can be sure that the judicial process will have been followed in minute detail. No nation should blame Canada. What we do know, and the Chinese know, as the world knows, is that once a person finds themselves on US soil and in the hands of the US justice system it is a different ball game. Just ask Edward Snowden who knew he had to flee to the far regions of the world and remains today a fugitive from his country, resident in Russia. To my mind the US would never have raised this request without significant and substantial evidence of guilt. While ‘loss of face’ may be more culturally associated with the Chinese, in no way can the USA afford to make any error in calculation on this matter. Too much at stake. They better have the hard evidence and I suspect they do.
The real danger to Canada and our reputation would be if she makes bail and then disappears into thin air. Hope that scenario isn’t being worked on as it would really cast a humiliating light on Canada.
Fishman…get your 1976 Cadillac Eldorado out of mothballs and organize a stake out in West Van. Never mind, make that the Dunbar residence. Easier for one to ‘disappear’ from that neighbourhood. Lay out a spike belt. Somewhere in Hollywood a screenplay is underway.

#97 Joe on 12.09.18 at 7:54 pm

Can Canada brush aside the request by the US to put Meng in jail? of course not, how can they refuse if they want Trump to not impose tarrifs on steel and aluminum

This Meng debacle will also help Trump in negotiating with China, so he thinks

Trump loves to have any kind of upper hand created anyhow to give him an edge in negotiating

#98 IHCTD9 on 12.09.18 at 7:56 pm

#60 Harry Bertram on 12.09.18 at 6:47 pm

Trudeau should have said..ohh so you want us to arrest her Donald?..How about you remove those steel tariffs first eh!
———-

Hahaha – LIKE!

#99 Burnaby Boy on 12.09.18 at 8:03 pm

A few years back a United Nations local gang member was arrested by American authorities in Los Angeles on an Air Canada non stop flyover flight from Canada to Mexico. We learned that Air Canada has to provide American authorities with a copy of the flight manifesto of any passenger plane entering American air space . This suggests that the American authorities have some strategy in mind by having Meng Wanzhou arrested in Canada rather than in the States where they could have ordered her plane to land.

#100 Wallflower on 12.09.18 at 8:05 pm

The face of Pacific Mall writ large.
China cheats. Chinese cheats.
(Even the Chinese will tell you that…)
But then, so does everyone else!

#101 Howard on 12.09.18 at 8:09 pm

I wonder what this will do to offshore demand for Canadian RE?

#102 Sam the Sham on 12.09.18 at 8:14 pm

#10 Flamen Lupanares

You should state your networth in hygienic paper rolls

—————————————–
Is that single ply or two ply?

#103 Kelly on 12.09.18 at 8:15 pm

Markets will be just fine tomorrow.

There is so much political “noise” these days that by the end of the trading day, the DOW will be up.

Bigger and better political events ahead in the USA.

No such luck with the trust fund twins running Canada.

#104 isuckless on 12.09.18 at 8:18 pm

#19 – everyoycan pass lie detector test (especially after minimal instructions what to do)
#28 – sometime ago, Huawei was known for copying Cisco switches and was front end for Red Army

Select one: Chinese or American overlords. This is the time to make this choice
BTW, by signing new NAFTA we have to ask US if we want new contracts with China (non Market country)

#105 Drill Baby Drill on 12.09.18 at 8:28 pm

Listen Blog the best way for China to get us is this; Up until a very few days ago China agreed to make FENTANYL a restricted export. After today no more. Canada watch out for FENTANYL overload.

#106 Drill Baby Drill on 12.09.18 at 8:32 pm

Please remember Macron and Trudeau are one in the same. Both are the darlings of the Euro crowd. They are both Toast. The Liberals will have a different leader come 2019.

#107 Drill Baby Drill on 12.09.18 at 8:34 pm

#60 Harry Bertram
Your idea is great except you forget Trudeau is a ………
well you know.

#108 fishman on 12.09.18 at 8:37 pm

Jeez “lil potato” didn’t anybody clue you in? If you go to these fund raisers with the local Chicoms & take the money you gotta deliver. Where was the heads up for telephone girl. The extradition papers must have went through Ottawa. Thats what political fixers & bag men are for. The peons out west are too low level to affect change.
I’m betting Constable Wu after serving the arrest warrant sat down to this dinner conversation: How did your day go dear? Pretty quiet, we picked up Princess Leia at the airport, took her downtown & processed her for the hand over to Darth Vader.
OK, I’ll cancel our plane tickets to China to visit your grandparents.

#109 Drill Baby Drill on 12.09.18 at 8:39 pm

The Chinese love to gamble. Anyone who has spent time with them will tell you this. They play the long game which North Americans do not understand. If you want to win a game then this is the perfect opponent to have. Check Mate Canada.

#110 acdel on 12.09.18 at 8:40 pm

#105 Drill Baby Drill

Probably will get deleted for this but one is stupid enough to buy or use Fentanyl without a prescription; then, what the hell does one expect??

How just how; without payola does this much product enter this country with todays’ technology; not possible!

I love the show “Bad Blood”, it sure does educate (although fictional or maybe not) on how this system works. You take one, then you take the chance of what is going to happen to you. Billions in health spent for ??????

#111 Leo Trollstoy on 12.09.18 at 8:48 pm

Trump playing chess while everybody else is playing checkers

#MAGA!

Liberals perpetually #Triggered

Trump wins. Again. Now scramble and figure it out lol

#112 Sex Lies & Videotape on 12.09.18 at 8:50 pm

A stupid rumor has it that the leading technology at HW was funded by US and CDN taxpayers. Most of the primary research was done at north american universities funded by all you happy ratepayers and that one way or another that work made it over there. Just a stupid rumor.

#113 HELOCer on 12.09.18 at 8:51 pm

So I am thinking of taking out a HELOC to invest in solid Canadian companies that pay dividends (to take advantage of the tax breaks). With the recent stock market decline, dividend percentages are getting juicy.

LOL, I realize I am asking random internet people for advice, but when do you suppose the market bleeding will stop? I am of the thinking that early 2019 will still see volatility due to tariff talks.

I’d love to do the impossible and time the market relatively correctly (within a half year window).

#114 Neo on 12.09.18 at 9:14 pm

#6 Paul on 12.09.18 at 4:47 pm
She is a billionaire.

BILLIONAIRE

Has there ever been a billionaire successfully convicted of anything….ever?
************************
You ever heard of Martha Stewart?

#115 Another Problem on 12.09.18 at 9:18 pm

#79 Sydneysider – She knew to stay away from the USA, and could have gone to Mexico in other ways. For example just take a flight from Hong Kong to Amsterdam, and stay a day, and book a flight to Mexico. The lady also had two passports and had a couple of different names. Money buys anything in Mexico, so why not use a private jet?

#116 Yuus bin Haad on 12.09.18 at 9:19 pm

@HonJohnnyMac – I think my P20’s been hacked!

#117 MF on 12.09.18 at 9:20 pm

#109 Drill Baby Drill on 12.09.18 at 8:39 pm

“09 Drill Baby Drill on 12.09.18 at 8:39 pm
The Chinese love to gamble. Anyone who has spent time with them will tell you this. They play the long game which North Americans do not understand. If you want to win a game then this is the perfect opponent to have. Check Mate Canada.”

-Umm gambling is the polar opposite of the long game.

Democracy: every four years we decide if we are on the right track. Sometimes we do well, sometimes we don’t. Still the best system that will ever exist though, don’t kid yourself.

MF

#118 NoName on 12.09.18 at 9:21 pm

#63 The Real Mark on 12.09.18 at 6:55 pm

The extent that the media (especially Canada’s fake news, Glow-Bull, which has been caught misleading the public about Chinese participation in Canada’s RE) has exaggerated the issue and the ‘5G’ nature of such really leaves a lot of questions that should be answered. Such as whether there is a commercial agenda against Huawei by competitive (Western) equipment manufacturers, or a desire by western intelligence agencies to have their own undocumented back-doors into the network equipment.

Only immediate comparators in 5g to huawei that might benefit greatly from all this are eriksson from sweden and nokia from finland and maybe qualicom fro usa, everyone else is behind those 3 when it come to 5g.

#119 tkid on 12.09.18 at 9:22 pm

How many people here really think this is an application of ” rule of law”?

Do I think Huawei did the deed? Yes.
Do I think this is why the US arrested her? No.
Why did the US arrest her? To exert dominance over Canada.

The US has upset a great many Canadians with Trump’s behaviour, the tariffs, calling Canada a security threat, etc. This means other countries, like China, can win influence here unless some event occurs that causes a rift between Canadian and Chinese relations.

It’s an added bonus if it means Huawei tech is removed from Canadian infrastructure.

#120 Smoking Man on 12.09.18 at 9:25 pm

The story behind the story.

It’s all about the chips in the phones. Back door to everything.
China has hacked western civilization.

That’s what she’s in trouble for..

#121 tkid on 12.09.18 at 9:26 pm

Garth, I won’t be surprised if the markets lose 5 to 10% tomorrow. It’s rapidly going past a point of no return, particularly with the US and China heading towards a war. How in God’s Green Earth do we invest for this?

Extreme. Just ignore the noise. It will pass. – Garth

#122 MF on 12.09.18 at 9:31 pm

#96 the Jaguar on 12.09.18 at 7:53 pm

“Canada did what it was required to do under established international agreements. Not our accusation nor our court case. ”

-The best comment tonight. Like Garth mentioned in today’s post, no one wants a trade war but none of us have the full story. Lots of competing forces here: international law, judicial/national sovereignty, business interests, US Canada relationship etc.

The coming weeks will shed some light on the US accusations and determine if the arrest was justified or not.

For the rest of us, life goes on.

MF

#123 Lee on 12.09.18 at 9:53 pm

If the market drops 10% Monday – if you an afford it: buy.

Not happening. – Garth

#124 akashic record on 12.09.18 at 9:59 pm

The anti-refugee petition will not be promoted here. Don’t like that? Leave. – Garth

It is about the UN Global Compact For Safe, Orderly and Regular Migration, that Canada is about to join.

https://refugeesmigrants.un.org/sites/default/files/180711_final_draft_0.pdf

There is discussion about this UN plan around the world, including not to join it.

“On Tuesday, Conservative Leader Andrew Scheer rose in the House of Commons and stated that signing on would mean that “foreign entities” would be able to dictate Canadian immigration policies.

“Canadians and Canadians alone should make decisions on who comes into our country and under what circumstances,” Scheer said.”

https://globalnews.ca/news/4731612/un-international-agreements-legally-binding/

There is lots of discussion tonight whether Canada was required to arrest Meng Wanzhou to comply with international treaty obligation, even if it seems to be at odds of the national interest.

Discuss it all you want. But not here. – Garth

#125 We Need Holmes on 12.09.18 at 10:03 pm

This makes no sense because Meng was not stupid, and had money. A US Federal Judge issued that arrest warrant last August, and she was aware of it. This lady had advisors explaining what to do under the current circumstances, and to avoid USA. Why then did she fly into Vancouver? She would have been fully aware with any checking systems in place between Canada and USA.

#126 I'm Voting PeePee on 12.09.18 at 10:07 pm

Interesting that she is reported to own multiple BC properties as well, part of a huge problem in this province. This is part of the reason there will be a big backlash against status quo politicians in 2019. Maxime is on to something. The Canadian housing market and the domestic economy in general should be for Canadians, nuff said.

Another related story aired on CBC today. Shocking revelation that at just one hospital in Richmond, BC some 20% of all babies born are from ‘birth tourists’.

CBC predicts this will be a “hot button issue” in the next election. And boy, are they right.

https://www.cbc.ca/radio/thesundayedition/birth-tourism-may-become-a-hot-button-issue-in-the-next-federal-election-1.4928501

Immigrants are welcome. But Canada is for Canadians, existing or aspiring, who come from many backgrounds, who share a desire to be part of our nation and its values. Not for opportunistic 1%ers and birth tourists.

#127 Dolce Vita on 12.09.18 at 10:13 pm

Much ado about…

You sure do know how to rile the masses Garth with apocalyptic outcomes.

Makes for some entertaining reading. Thank you.

#128 Bloomberg on 12.09.18 at 10:13 pm

Did you know that Justin Trudeau pressured many foreign governments to release only female Canadians for CRIMES that they committed on foreign soil?
The countries so far who were contacted by the Canadian government to release accused Canadians were:
Thailand, Asia [vandalism]
Guyana, South America [murder]
Trinidad & Tobago, West Indies [conspiracy murder]
Indonesia, Asia [blasphemy]
Malaysia [blasphemy]
Cambodia [desecration of religious site]
United States, North America [anti-semitism]
France [false report to police]

Why did this feminist government arrest a decent woman using shackles. The Canadian government wouldn’t shackle a convicted female child molester for fear of offending Canadian women, but they would treat a Chinese woman like a terrorist because of hearsay.

SHAME ON CANADA!
China should send some soldiers to Canada and teach the SJW government a lesson!

#129 Terry on 12.09.18 at 10:18 pm

Settle down everyone and buy the dip! This Huawei tech take down is progressing as planned. This is all about removing your competition so that our western tech companies will dominate the 5G network NOT China! You are all being given a gift of lower and lower stock, fund and ETF prices to load up on. Santa is here early…………buy more investments right now, I am!

Ka Ching!

#130 Rodney Bacon on 12.09.18 at 10:20 pm

@#121
Invest slowly and average in from the big emergency fund you’ve been holding the past 5-7 years because the markets have been over-valued. For those fully invested, ride the volatility because you made that bed so lay in it.
For those heavily invested in preferreds, nibble a bit here and there if you dare.

#131 Unhinged Trader on 12.09.18 at 10:21 pm

Oh nice, will pick-up some sweet deals over the next two days for an easy 5-10% rebound.

The more ominous question is why has Canada capitulated to the illegitimate sanctions against Iran, which are the product of 3 Billionaire investors who backed Trump early on in his campaign with millions of dollars, without which he would not have succeeded.

These 3 billionaires share an affinity for Israel, and have expended considerable resources to draw the US into neutralizing Iran via economic and conventional warfare.

Europe has wisely chosen to ignore these frivolous sanctions. So why is the dumb, servile lapdog Canada dancing to the incoherent tune from this White House? We’re going to get rewarded once more when they decide to close the Ford plant in Oakville.

#132 Huawei Mexico on 12.09.18 at 10:33 pm

She wouldn’t have a problem landing there, because AMLO would personally escort her through the immigration process with no questions asked. The largest Chinese investment in history was made by her in the form of several Tech centers employing over 1000 people with more business to come.

#133 TheDood on 12.09.18 at 10:37 pm

#56 KLNR on 12.09.18 at 6:25 pm
@#27 TheDood on 12.09.18 at 5:38 pm
There is no way Canada should have touched this. What a bunch of buffoons we have running this country….

OMG the stupidity in this country is amazing! WOW.

___________________________

you being a prime example lol
___________________________

Am I? You’re OK with our already stretched tax dollars used and wasted arresting, jailing, and extraditing this person? Not to mention the eventual cost to the economy? What laws has she broken in Canada? By playing dumb and letting her slip through the cracks, we’d have lost nothing.

And for those referencing the “rule of law”, please……there are twice, thrice, four times convicted pedophiles wandering our streets. There are persons with 10 DUI’s still allowed to drive. Rule of law my a__!

#134 millmech on 12.09.18 at 10:44 pm

#69

Just turn around T2s statements that he has publicly said about men and instead of men use women and ethnic minorities, especially about male construction workers and business”mens” acumen.
Leaves a bad taste in your mouth that this is the type of small minded, narrow thinking person we have representing us on the world stage.

#135 Not So New guy on 12.09.18 at 10:44 pm

I don’t believe this is THE black swan but I do think it is lurking just offstage somewhere and sending out the occasional trial balloon

#136 yvr_lurker on 12.09.18 at 10:46 pm

There is no way we should have detained her at the border. There are loads of real overseas criminals here in YVR pedalling fentanyl, laundering money, and running all sorts of scams that it takes years for the police and RCMP to investigate and try to toss out of the country. Very strange to me why we single out this particular woman and make it a priority to arrest her on behalf of the americans. The U.S. is not doing any favours for us these days, and having a too close connection with them in world affairs is bad for us.

#137 millmech on 12.09.18 at 11:01 pm

#54
Apparently the Chinese government is busily working out the wrinkles on how to run a “re-education ” camp on a very large population of people, starting with their own minority Muslims.
Eighty years there was a different name for those types of camps and systems but “re-education” sounds so much more politically correct.

#138 AGW on 12.09.18 at 11:03 pm

Listen up

Two things:

From a well placed former executive at Microsoft in a private conversation. The most popular software in China is Office. More than 300 million copies. Number of registered copies, fewer than 1,000. Software piracy.

Personal experience last year. Software startup, highly profitable. Toured 6 Palo Alto VC companies for third truanch financing. I know all of these guys well.

In each case we were told we would get zero dollars if we employed any person with any family no matter how distantly related who lived in China. We are software guys, most of our engineers and programmers are Asian.

The reason they all gave was that there was no way to protect our intellectual property. Which is all they invest in. Others have told me the same thing from other VC groups around the world.

Inadvertently our government did exactly the correct thing.

#139 The real Kip on 12.09.18 at 11:03 pm

DELETED

#140 Grabbing Evidence on 12.09.18 at 11:26 pm

Looks like someone – or some government – is trying to recover incriminating evidence as this likely goes to trial. Too predictable by the most obvious government agent.

https://www.msn.com/en-ca/news/crimeincanada/exclusive-police-called-to-attempted-break-in-at-vancouver-property-linked-to-huawei-cfo/ar-BBQI6f5?li=AAggNb9&ocid=mailsignout

#141 joblo on 12.09.18 at 11:31 pm

Perfect play for T2 and Butz.
China refuses to buy CDN oil.
No need for pipelines.
Ice Transmountain.

#142 Bob Dog on 12.09.18 at 11:48 pm

Oh my.. wouldn’t it be terrible if the Chinese stopped “investing” in Canadian real estate.

She ownes 2 houses here. I own a bicycle and a strong desire not to live here.

#143 Sunlite Mortgage on 12.09.18 at 11:56 pm

The business war between USA and China could be a great opportunity for Canada but we won’t grab it. We are also involving this war. A few days ago we clash with KSA and now clash with China.
I think Canada lose reputation gradually. If we follow D. Trump then it will be our destroying cause.

#144 macroman on 12.10.18 at 12:08 am

There is something hinkey going on here. If Garth doesn’t delete me, perhaps a little chew on the bone…

1. Interpol chief, Chinese Meng missing for 2 months

2. Arrest in YVR through Interpol warrant, as US no jurisdiction for said kidnapping. Canada can’t implement/enforce US sanctions against Iran

3. The only way Canada would upset the global trade apple cart is if Huawei actually had criminal intent, say fostering the Chinese fentanyl trade killing a bunch of North Americans and laundering through Van/San Fran real estate.

4.With Meng’s father being a high up PLA officer, is this a way to conduct a revenge/reverse opium war with added bonus of 5G surveillance from their smartphones?

This arrest is so affront to juris prudence, there is something big under the surface to rock the trade boat.

#145 Government stooge on 12.10.18 at 12:15 am

DELETED

#146 DON on 12.10.18 at 12:17 am

#58 IHCTD9 on 12.09.18 at 6:40 pm

I’m sure Canada and the US have a treaty regarding extradition of wanted persons. I doubt we would have fared better defying this agreement.
***************
That’s my take as well. Saying no to the US at this point in the game would be economic/political suicide. Those who disagree should cool their jets and think about it for a moment.

Isn’t this a question of international law, which no one seems to respect lately.

Was Canada on the fence with China, and now we are perfectly ensared…or is Canada getting back at China for Nortel? What’s done is done? Relations are damaged and whatever level of trust that existed has diminished. Who knows, maybe this is why the charges were dropped in the biggest money laundering case in Canada (just recently)…Bigger fish to fry?

As for Mark Cohodes et al’s opinions of the Canadian Financial systems…Yikes! Marc has been chatting with Sam Cooper (journalist) and Sam has been producing some great work lately on money laundering, real estate, drug (fentanyl etc) and the connection to China (gangs, government officials). Wasn’t it the British empire who pushed opium on China as a way to infiltrate. Is this payback? Something is going on. This is economic warefare, China knows it can topple real estate is Canada and they are threatening to do so. Is all foreign nationals are ordered to liquidate they will abide.

Canada of course (in the last couple weeks) has warned of foreign influence in certain public institutions and several investigations are said to be underway. The New York Times was chatting about money laundering in BC almost three years ago, under the BC Liberals. Christy Clark and her merry band also met with executives from Huawei on trade trips and in Vancouver.

If China does decide to blow the top off our real estate those politicians currently in power can blame it on the Chinese.

I guess we will have to wait and see. At least, they have to avert war at all costs…don’t they?

#147 diharv on 12.10.18 at 12:36 am

Any time Canada can horn in on an international story in order to get “there is a Canada connection ” on Global News , it does . Look at little us ! We were involved !

#148 Big Surprise on 12.10.18 at 1:08 am

So she owns not one, but TWO under-used properties in Vancouver? Houses that could belong to people who actually live here and make a community. The Empty Homes Tax is nothing to these billionaires. We need to get them out.

#149 dog's brunch on 12.10.18 at 1:12 am

#21 broader mind, #37 Ace Goodheart

I asked a friend who travels afar and negotiates deals between parties what their opinion was, and they echoed both your comments. Likely a backroom deal went awry.

https://www.scmp.com/news/asia/southeast-asia/article/2145808/trump-indonesia-project-latest-stop-chinas-belt-and-road

#150 Dominion Minion on 12.10.18 at 1:48 am

I hope the “Canadian Penal Experience” lasts at least 20 minutes….. good for the brand…..

#151 Scotty New Wester on 12.10.18 at 2:57 am

So, I wonder if all this is going to have an impact on little Johnny Horgan’s bright, shiny LNG plants? China promised there would be repercussions… Maybe BC LNG might be one of the many pawns in the political chess game we are witnessing. So what if they break the contact, what`s a few millions to a 13 trillion dollar GDP economy. As already stated buckle up!

#152 Nonplused on 12.10.18 at 3:48 am

Why on earth does the US think they can tell China who to trade with???? Sure, they can chose not to trade themselves, they can decide whatever they wish to do. But telling the Chinese they can’t trade with Iran? How do they think it’s their business? Over phones? I’ll admit there could be a lot of other technology involved, after all I am sure an iPhone 8 has better computers than an F-35, but still. What business is it of the US?

It is a sign of the decline of the empire. Prepare for it. There is nothing left at this point but force. And force will be employed sooner rather than later. The US will not wait until they perceive it’s too late. In the same way that Buffet funds anti-pipeline organizations so he can ship the same oil by rail, the US will attempt sabotage. It’s what they do.

Next stop, the US and Israel attempt a massive attack on Syria to prove they can defeat the S-300. Let’s hope it goes well for them. Otherwise all hell will break loose. Even if Israel and the US take out the S-300, if they do so at considerable cost to their own weaponry it’s game over. The S-300 only has to kill 4 planes to be cost effective. This is what you watch next. Not stupid stock market fluctuations. And there are S-400’s and 500’s. Planes are no longer useful even if they are invisible to 70’s technology.

The world has changed, but it’s still not different. If you have the gun power you win, but only until they do too.

#153 Hawk on 12.10.18 at 5:26 am

In general I’m far more on the Trumpian side of the equation than the Sino side, particularly as of late with the Chinese conduct in the South China Sea.

But on this one Id have to depart and say the opposite.A America’s high handed behaviour is absurd and Canada’s participation in it idiotic. It amounts pretty much to kidnapping since the idea that the US can enforce sanctions on any country dealing with any other country itself is BS. And moreover enforced on Canadian soil. This sets a very bad precedent and gives the Chinese and Russians a very valid case for retaliation and kidnapping of western business people. It’s nuts.

#154 Howard on 12.10.18 at 5:52 am

#148 Big Surprise on 12.10.18 at 1:08 am

So she owns not one, but TWO under-used properties in Vancouver? Houses that could belong to people who actually live here and make a community. The Empty Homes Tax is nothing to these billionaires. We need to get them out.

—————————————-

Canadian homes for Canadians. Period.

It’s time. The world is moving in that direction. Abusive globalism is in decline. France is the latest country to say NON to the globalists. 18% approval rating for Macron – he is finished, lame duck for the rest of his term. New Zealand led the way by banning foreign ownership. Canada must do the same and I believe eventually it will.

And no, I couldn’t give a rat’s behind if Florida bans Canadian ownership. Go right ahead.

Viva insularity and parochialism! – Garth

#155 MF on 12.10.18 at 7:08 am

#131 Unhinged Trader on 12.09.18 at 10:21 pm

Where is Saudi Arabia is your overly simplistic analysis? Egypt? Jordan?

Oh right, everything is Israel’s fault according to you.

And the Europeans, aside from Russia, have a history of bowing to dictators because they are weak and spineless. No surprises there.

Thank G*d for the USA.

I’d stick to gambling/trading and forget geo politics.

MF

Thankfully your ill informed bias opinion on geo politics is worthless.

#156 Tater on 12.10.18 at 7:46 am

#6 Paul on 12.09.18 at 4:47 pm
She is a billionaire.

BILLIONAIRE

Has there ever been a billionaire successfully convicted of anything….ever?

She will walk.

Or maybe we could incarcerate the president’s son in law Kushner (rumour has it he is chilling in Canada until the Mueller BS blows over) and piss off two of the worlds most powerful countries.

————————————————————-
Jeff Epstein, Allen Stanford, Raj Rajarnatham, Michael Milken, Madoff was close. Those are just the American’s in the last 20 years.

A better question is, has a billionaire ever been charged with trading with a sanctioned company? And the answer is Yes! Marc Rich for trading oil with Iran. He fled and avoided US soil until he could secure a pardon.

#157 Howard on 12.10.18 at 7:49 am

#123 Lee on 12.09.18 at 9:53 pm

If the market drops 10% Monday – if you an afford it: buy.

————————————-

They will not allow even a 5% fall let alone 10%.

The Plunge Protection Team will kick into high gear, rest assured.

Surely you do not believe such a myth. – Garth

#158 Tater on 12.10.18 at 7:50 am

#28 Huawei = dead company walking on 12.09.18 at 5:39 pm
You want to mess with US and the flagship Apple product competitiveness through stealing your ideas from Nortel and causing the Nortel collapse and shutting down of it via hacks?

Chickens coming home to roost now. Start dumping China stock ASAP. This could tip an already fragile economic situation in China. I’m ready for it.
—————————————————————–
Nortel collapsed because they convinced idiots (you sound like one) to buy their stock based on metrics that painted a wonderful picture of the company and glossed over the very real financial distress. Chinese hacking had nothing to do with it.

#159 Tater on 12.10.18 at 7:55 am

#32 Shawn Allen on 12.09.18 at 5:49 pm
The Intrusive United States of America

The United States of America is by far the most intrusive nation on the planet.

It deigns to tell Chinese companies, and all the world, if they can trade with Iran or not.

It occasionally orchestrates “regime change” in various countries around the world.

It sends its armed forces hither and thither about the globe.

Meanwhile, this so-called land of the free was highly outraged that Russia may have tried to convince U.S. voters who to vote for. This was not Russians hacking a voting machine, merely Russians stating their case trying to convince voters via social media. Perhaps using false information. (Like everyone else involved). Much ado over not much. THAT they call an outrageous intrusion.

The United States is NOTHING if not hypocritical.
—————————————————————-

No. The US tells financial institutions, licensed to do business in the US, who they can do business with. Can you agree that is within their rights?

From that, if you lie to a US institution to facilitate business with a sanctioned regime, you’ve committed a crime. It’s really very simple. And in the great pantheon of examples of American intrusion this simply isn’t a case.

#160 crowdedelevatorfartz on 12.10.18 at 8:14 am

@#96 The jag
“The real danger to Canada and our reputation would be if she makes bail and then disappears into thin air. Hope that scenario isn’t being worked on as it would really cast a humiliating light on Canada.”
+++++

I’m quite sure that Canada’s “rep” for treating criminals with velvet gloves IF and WHEN they are actually convicted of anything after years of appeals……is very well known….world wide.

https://globalnews.ca/video/4156589/new-details-on-the-vancouver-method-of-gangland-money-laundering

#161 MF on 12.10.18 at 8:20 am

Futures down so expect a big drop at the open. There will be wailing and complaining. Then expect a mini rally. That seems to be the pattern when futures are down a lot. Only predicts the very open.

MF

Nope. An hour before opening futures are ahead. Mr. Market is coping. – Garth

#162 Howard on 12.10.18 at 8:41 am

#157 Howard on 12.10.18 at 7:49 am

#123 Lee on 12.09.18 at 9:53 pm

If the market drops 10% Monday – if you an afford it: buy.

————————————-

They will not allow even a 5% fall let alone 10%.

The Plunge Protection Team will kick into high gear, rest assured.

Surely you do not believe such a myth. – Garth

——————————————–

The PPT is just a colloquialism for the President’s Working Group.

Do I believe they act covertly to manipulate the market? Yes I do.

Eventually they will let the debt-inflated market fall but I couldn’t hazard a guess as to when that might be or what will trigger it.

https://nypost.com/2018/02/05/dc-plunge-team-may-have-halted-unprecedented-dow-jones-spiral/

Pure myth. But put your tinfoil hat on and tap your heels three times. The sun will then rise tomorrow. – Garth

#163 dharma bum on 12.10.18 at 8:57 am

Meng:

“Bring Lawyers, Guns, and Money…The Shit Has Hit The Fan.”

https://www.youtube.com/watch?v=lP5Xv7QqXiM

By the way, the real problem that caused this whole mess is Iran.

Now THAT’s a place that needs to be seriously spanked by the U.S., big time.

#164 Y. Knott on 12.10.18 at 9:25 am

#45 KLNR on 12.09.18 at 6:11 pm
The US does whatever they want, whenever they want. Remember the weapons of mass destruction in Iraq?
No need for proof lol

– You mean, like the ‘non-existent’ weapons of mass destruction that “Chemical Ali” used to kill ~5,000 Kurds in Halabja, along with lots of others? The ones they hanged him for? THOSE non-existent weapons of mass destruction?

#165 HAM R Us on 12.10.18 at 9:40 am

https://www.bloomberg.com/opinion/articles/2018-12-10/scientist-s-death-adds-to-china-tech-setbacks-after-huawei?srnd=premium-asia

Suspicious death of a Chinese scientist

#166 Unhinged Trader on 12.10.18 at 9:42 am

@MF

These are not my opinions but well documented and published facts, developed by people with far more credibility than some gremlin in the comments cesspit.

In fact, striking down Obama’s JCPOA is probably one of the few things Trump has ever been consistent about, and this is widely regarded as a pay-off to Sheldon Adelson, his biggest donor and staunch backer of Israel’s extremist Likud party.

He’s publicly declared that America should “nuke Iran”.

These are the people Trump has surrounded himself which shows in the so-called foreign policy.

#167 crowdedelevatorfartz on 12.10.18 at 9:44 am

@#67 Ham on Rye
“Chinese land rover is going to land on far side of the moon this week!!!”

++++

The Germans did it 75 years ago….

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=2ahUKEwiaiJjVv5XfAhVlFTQIHTEdDdYQyCkwAHoECAYQBA&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DPy_IndUbcxc&usg=AOvVaw19wJT7AniQvxUBNXSDsBYR

And the Americans were “4 wheelin’ ” on the Moon 45 years ago………

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=2ahUKEwjrrbf3v5XfAhWpFjQIHcp3CzEQFjAAegQICRAB&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FLunar_Roving_Vehicle&usg=AOvVaw3CHaj8KLiSgp6fusEHtNw-

Any other “original” ideas you want to tell us about before we STFU?

#168 KLNR on 12.10.18 at 9:55 am

@#164 Y. Knott on 12.10.18 at 9:25 am
#45 KLNR on 12.09.18 at 6:11 pm
The US does whatever they want, whenever they want. Remember the weapons of mass destruction in Iraq?
No need for proof lol

– You mean, like the ‘non-existent’ weapons of mass destruction that “Chemical Ali” used to kill ~5,000 Kurds in Halabja, along with lots of others? The ones they hanged him for? THOSE non-existent weapons of mass destruction?
__________________

LOL, quit being wilfully ignorant.

#169 Lee on 12.10.18 at 9:57 am

Looks like the sky hasn’t fallen. Too bad.

#170 HAM R Us on 12.10.18 at 10:00 am

#167 crowdedelevatorfartz on 12.10.18 at 9:44 am

You fart too much, too often

#171 KLNR on 12.10.18 at 10:00 am

@#128 Bloomberg on 12.09.18 at 10:13 pm

SHAME ON CANADA!
China should send some soldiers to Canada and teach the SJW government a lesson!
__________________________

LOL, if you say so.

#172 IHCTD9 on 12.10.18 at 10:07 am

#137 millmech on 12.09.18 at 11:01 pm
#54
Apparently the Chinese government is busily working out the wrinkles on how to run a “re-education ” camp on a very large population of people, starting with their own minority Muslims.
Eighty years there was a different name for those types of camps and systems but “re-education” sounds so much more politically correct.
____

China’s leadership is one airhead leader away from a burning country. I guess we should not expect a commie dictatorship like they have to remain focused on the economy forever. Someday, everything will look acceptable on that front, while other long “neglected” tasks will be taken hold of…

#173 For those about to flop... on 12.10.18 at 10:11 am

I’m not up-to-date with treaties regarding extradition of wanted people, so hey,I’ll just keep on focusing on helping out the common person…

M44BC

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There are lots of ways to compare cities against each other.

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Money combed through hundreds of cities and focused on three main categories: earning potential, the cost of living and quality of life. Researchers focused on racially diverse places with reasonable crime rates and more than 50,000 people. They ranked each city across a variety of different factors, including the weather, high school graduation rates, the length of an average worker’s commute and the ratio of income to home prices.

We wanted to create a simpler visual breaking down the main categories that people care most about, so we concentrated only on median family income, home prices and projected job growth (2017-2022). The resulting visualization lets you quickly compare different locations depending on what matters most to you.

The first piece to consider is the relative size of an average worker’s paycheck. 30 out of the 50 cities boast median family income levels over $100,000, led by Bethesda, MD at $179,478. To keep that in perspective, median household income across the country sits just under $76,000. Places like Bethesda and Brookline are actually suburbs of much larger metro areas, notably New York City, Boston and Washington, DC. In other words, a key ingredient to high wages is proximity to a competitive job market with lots of employers.

But income is only one factor to consider when comparing cities. Home prices provide another critical angle because housing costs are typically the single biggest expense in any family’s budget, and a high salary might not go very far if your mortgage is outrageously expensive. Unfortunately, median home prices for the cities on our list are quite expensive. Brookline, MA tops the charts at an eye-popping $996,550, or about 7 times the median family income for that area. At the opposite end of the spectrum, Rock Hill, SC has the most affordable housing market on our list at just $175,000, roughly 3 times median income. This suggests that workers stand a much better chance totally paying off their mortgages in cities outside the Northeast

In fact, many of the places with the highest median incomes also have the lowest projected job growth. The top 10 highest median incomes have a combined projected job growth rate of 6.5%, compared with the bottom 10 at 8.0%. After all, why would employers dramatically expand payrolls in already crowded markets with workers expecting high salaries?

All of which goes to say that there are lots of factors that go into ranking cities, and in turn, determining the best place to spend one’s career. If you’re interested in relocating for a job, there’s a lot more to think about than just your baseline salary. Consider a variety of different factors instead, and use our cost of living calculator to paint a complete picture.”

Click on link to see all 50.

https://howmuch.net/articles/top-50-places-live-america

#174 under the radar on 12.10.18 at 10:18 am

She will most likely be released from custody to contest her extradition as the posting of her homes equity in Vancouver and surrendering her passports will , I suspect be persuasive. The presumption is to release unless the crime alleged is a reverse onus offense.

#175 Ace Goodheart on 12.10.18 at 10:19 am

Remember folks as we enter a period of market decline and uncertainty, the most common mistake the amateur investor makes is to liquidate their portfolios and try another investment method. This results in locked in losses and emotional decision making when structuring their “new” portfolio, often leading to more losses.

Best thing to do? Stay the course, and if possible, add to the crew.

Cheers!

#176 Iconoclast on 12.10.18 at 10:29 am

I’d like to know the origin of notion that Huawei had anything to do with the collapse of Nortel.
Nortel was in freefall before anyone had ever heard of Huawei, when they were still known in NA as Futurewei.

Nortel’s chief antagonist was Nortel.

When Nortel’s optical gear was the best in the world, and everyone was lined up at the door to get it, they were selling it far too cheaply. When times were good, the spending got out of control. When times turned bad, they were f***ked.

After that it was a disastrously managed multi-year decline with a constant drip-drip-drip of morale-destorying layoffs. New product after new product was developed, deployed, and then cancelled as the “corporate strategy” changed. It was sad to watch.

The execs always got their bonuses though. We can all celebrate that, at least.

The Nortel labs were built before China was any kind of technological power. The notion that they were bugged by China is ridiculous to me. I suspect these spook stories were invented by civil servants who wanted to justify delaying the move from downtown Ottawa all the way to … western Ottawa. (A tremendous trek, worthy of empathy)

#177 dosouth on 12.10.18 at 10:33 am

Dad never taught JT how to deal with this type of photo op. He is obvious by his absence. I am a-political because real politicians have since disappeared being replaced with photo-ops and spending spree’s.

The world keeps moving regardless and China’s bully stance you know, the country that jails anyone is espousing unfairness and tripe about rights, is beyond reproach and ridicule.

Guess even if you are a billionaire there is one BIG lesson in this ….use your own damn plane! BBWWWAAHH

#178 n1tro on 12.10.18 at 10:52 am

CAD short paid off. Now for silver…

#179 I'm Here To Help on 12.10.18 at 10:53 am

My name is Sherlock Holmes. It is my business to know what other people don’t know. Eliminate the impossible, and whatever remains, however improbable, must be the truth. Carry on!

#180 Long Time Lurker on 12.10.18 at 11:05 am

I think there are other measurement that could’ve been implemented instead of arresting the CFO of the company. There are enough companies all over the world doing business with Iran, the usual way is to sanction the company so that they can no longer operate in US or do business with any company that wants to do business in the US.

Just for shi+ and giggles, what if one day China detains Justin Trudeau for smoking weed in canada, which is a crime in china?

#181 Remembrancer on 12.10.18 at 11:07 am

#172 IHCTD9 on 12.10.18 at 10:07 am
China’s leadership is one airhead leader away from a burning country. I guess we should not expect a commie dictatorship like they have to remain focused on the economy forever. Someday, everything will look acceptable on that front, while other long “neglected” tasks will be taken hold of…
————————————————————–
China has been playing this game for a few thousand years – little gets neglected, some games are just longer than others, and the system is built to expunge airheads before they become leader… The commie part is the latest trappings of a ruling elite / system to govern what was essentially a closed water empire as it emerges into a global actor… Airheads aren’t the problem, the balancing act between young and old conservative views will be with a large rural and cranky middle class if the growth train slows or reverses and outside entities that start to wonder if they are being invested in or occupied… China, between 19th and 20th century learned lessons from preeminent empires of their times including British, Japanese and American…

#182 David Pylyp on 12.10.18 at 11:12 am

My First POWER OF SALE notice was (email) received today.

Just Listed! 3.81 Acres in King! MLS#:19757 Power Of Sale! The One You’ve Been Waiting For Your Clients!
Hurry It May be gone!

And so it begins/……..

David Pylyp
Toronto ON

#183 Frank Givens on 12.10.18 at 11:15 am

#126 Bloomberg, you left out one important country where murderers have been welcomed with open arms and, protected and even paid millions of dollars.

Canada.

Under Justin Trudeau a steady stream of ISIS murderers, rapists, child killers, slavers and beheaders have been repatriated to Canada, to be powerful voices for the community.

Trudeau is even badgering Kurdish police to release a British cirizen accused of multiple murder and rape into Canada even though Britain refuses to take him.

#184 young & foolish on 12.10.18 at 11:21 am

I’m with Goodheart … stay the course and learn to love the colour red. The sentiment is, and will probably stay negative, for some time. Resist the impulse to buy until there is a clear reversal of the trend.

#185 Figure it Out on 12.10.18 at 11:22 am

#32 Shawn Allen — “The United States of America is by far the most intrusive nation on the planet. It deigns to tell Chinese companies, and all the world, if they can trade with Iran or not.”

To be fair, I don’t think the US has ever told China it couldn’t trade with Iran. The US has said that if any country wants to trade with the US, including using US dollars and the international payment systems anchored by US banks and banks with US subsidiaries, that country could not also trade with Iran.

Does China have a right to trade with the US, and to use the dollar based banking system? I don’t think so.

I could go on for days about US government actions that I don’t like. But I always remember two things:
1) It’s usually much better to live in a time of a hegemon (e.g. Rome, the British Empire, post-WWI USA) than in the periods in between.
2) I’d much rather live with a US Hegemon than China or Russia, even if I have to put up with The Great Pumpkin as POTUS for a while.

#186 n1tro on 12.10.18 at 11:32 am

Instead of speculating, how about everyone read up on the extradition process here

http://www.treaty-accord.gc.ca/text-texte.aspx?id=101323

If the US has charged Meng prior, they are well within their rights to have Canada extradite her as per the treaty. However, Canada should be careful though. Canada let France extradite the Ottawa professor who happened to be Muslim and he spent 3 years in jail and was later released because their was no proof of him being a terrorist. Good thing he isn’t suing like Omar Kadr to become the next Canadian millionaire.

As for people bemoaning about no one respecting international law, do you mean examples like:

Invading a sovereign country like Iraq to overthrow the government? Or violating international air space of Pakistan to assassinate Osama in his pyjamas instead of having him tried in international court for his crimes?

^ Those are the international laws you are referring to?

#187 Smarrtalox on 12.10.18 at 11:33 am

Attention all amateur landlords and mortgage-helper enthusiasts:

Better get square with the CRA right quick, or you may find yourself living in Federally-owned ‘social housing’.

You won’t have to move, though. New today is an announcement by CRA that they’ll be using ‘proceeds of crime’ legislation to freeze and seize assets related to tax evasion. SO, if you haven’t been declaring the income from your little ‘mortgage helper’, or those properties you’ve been speculating on, you’d better be treating your tenants right!

One bad move, and you could lose it all – and then spend everything else you own, trying to get it back.

https://www.cbc.ca/news/politics/tax-evasion-proceeds-of-crime-1.4937176

#188 isuckless on 12.10.18 at 12:10 pm

#176 Nortel was very good in optical transport. In ’90s they were operating like a government and got an idea to battle with Cisco on IP front. Chinese were spying on everyone (like everyone else) and Nortel was one of the targets but that did not cause its fall.
BTW, “western Ottawa” is not in vocabulary of Ottawa’s public servants, they fight tooth and nail against any move to the west (Kanata is off limits for them).

#189 Guy in Calgary on 12.10.18 at 12:54 pm

#27 TheDood on 12.09.18 at 5:38 pm
There is no way Canada should have touched this. What a bunch of buffoons we have running this country. No matter which way you look at it, this is not our problem. It’s between US and China, and by sticking our noses into it, the country is going to suffer. We could have easily let her board a plane for Mexico and acted like incompetent morons – like our glorious leadership – and nobody would have been the wiser.

OMG the stupidity in this country is amazing! WOW.
—————————————————————–

“If the application from the requesting state is in order, then Canada is legally obliged to arrest her”

Canada did not have a choice but to arrest her. You are showing some of that Canadian stupidity you mentioned.

#190 Franco on 12.10.18 at 1:10 pm

There goes my plan for an early retirement, could be worse.

#191 Guy in Calgary on 12.10.18 at 1:15 pm

114 Neo on 12.09.18 at 9:14 pm
#6 Paul on 12.09.18 at 4:47 pm
She is a billionaire.

BILLIONAIRE

Has there ever been a billionaire successfully convicted of anything….ever?
—————————————————————–

El Chapo seems to be having a tough time. Man I have to stop commenting on these.

#192 CalgaryGuy on 12.10.18 at 1:36 pm

It is entirely possible that Trump didn’t order the arrest but was ordered by one of his “deep state” opponents to embarrass Trump after his meeting with Xi. I haven’t seen anyone reporting that Trump ordered the arrest.

#193 Yuus bin Haad on 12.10.18 at 2:10 pm

@WhoIsJohnRoth – OMG! My P20 has been hacked too!

#194 Need To Be Smarter on 12.10.18 at 2:32 pm

Well if I was the PM would have discreetly informed the RCMP to back down on the arrest allowing her to get on the passenger jet flying to Mexico. Then would have my Foreign Minister (actress) to call DC telling them she got away on us, and be sure to apologize because she outran our officer who fell down hard. In this way Mexico would be holding the bag.

#195 Robert on 12.10.18 at 3:05 pm

Is this just ramping the “wag the dog” war with Iran? How does antagonizing China over their middle east policy really benefit Canadians? Who is pulling the strings and why are we going along with it? Hmmmm..

#196 crowdedelevatorfartz on 12.10.18 at 3:06 pm

@#170 HAM on Rye
“You fart too much, too often…”
++++
Beauty is in the eye ( or in this case… nose) of the beholder.
:)

#197 AA on 12.10.18 at 3:29 pm

#194 Need To Be Smarter on 12.10.18 at 2:32 pm
Well if I was the PM would have discreetly informed the RCMP to back down on the arrest allowing her to get on the passenger jet flying to Mexico. Then would have my Foreign Minister (actress) to call DC telling them she got away on us, and be sure to apologize because she outran our officer who fell down hard. In this way Mexico would be holding the bag.

_____________________________

Awesome Netflix movie concept…JT is played by the Bieber..nah scratch that JT plays himself a role he is very familiar with..

#198 David on 12.10.18 at 4:29 pm

I’ve got a trip to China planned for April and can cancel with minimal penalties until mid February. Hopefully, all will be resolved by then. Forty years ago Justin’s father Pierre rejected US efforts to blockade Cuba. Why are we kowtowing to US efforts to blockade Iran today? It’s a disgrace and my sympathies are with the Chinese.

#199 crowdedelevatorfartz on 12.10.18 at 5:02 pm

@ HAM on Rye

The US just landed ANOTHER probe on Mars….to join the autonomous robotic ROVER on Mars that’s been there several YEARS…..

Hows that “original” Moon Rover making out?
Landed yet?

#200 TheDood on 12.10.18 at 5:41 pm

#189 Guy in Calgary on 12.10.18 at 12:54 pm
#27 TheDood on 12.09.18 at 5:38 pm
There is no way Canada should have touched this. What a bunch of buffoons we have running this country. No matter which way you look at it, this is not our problem. It’s between US and China, and by sticking our noses into it, the country is going to suffer. We could have easily let her board a plane for Mexico and acted like incompetent morons – like our glorious leadership – and nobody would have been the wiser.

OMG the stupidity in this country is amazing! WOW.
—————————————————————–

“If the application from the requesting state is in order, then Canada is legally obliged to arrest her”

Canada did not have a choice but to arrest her. You are showing some of that Canadian stupidity you mentioned.
____________________________________

Right…….spoken like a true lap dog. Jump when the master looks your way.

#201 Evangeline on 12.10.18 at 7:37 pm

#192 V#192 CalgaryGuy on 12.10.18 at 1:36 pm
“I haven’t seen anyone reporting that Trump ordered the arrest.”

The US Dept of Justice has been going after intellectual property thefts lately. In past weeks there have been several well publicized arrests made of intellectual property “spies” within the USA. Perhaps this incident is related to that focus.

There have been some comments above about the USA charging Canada tariffs on steel. AFAIK, the tariffs do not apply to Canadian steel, only to steel manufactured elsewhere. One of the biggest problems that the USA had with NAFTA was that other countries used Mexico and Canada as a way to get their goods into the USA through the “back door”. The USMCA plugged that hole.

#202 Y. Knott on 12.11.18 at 4:56 am

@#164 Y. Knott on 12.10.18 at 9:25 am
#45 KLNR on 12.09.18 at 6:11 pm
The US does whatever they want, whenever they want. Remember the weapons of mass destruction in Iraq?
No need for proof lol

– You mean, like the ‘non-existent’ weapons of mass destruction that “Chemical Ali” used to kill ~5,000 Kurds in Halabja, along with lots of others? The ones they hanged him for? THOSE non-existent weapons of mass destruction?
__________________

LOL, quit being wilfully ignorant.

– Oh, I see. You don’t believe it, so it never happened. Foolish of me to object, really – I apologize.

As Lord Melbourne said of Thomas Babington Macaulay, ‘I wish I was as cocksure of anything as he is of everything.’ It must be a great comfort – I envy you.