A
new leaf - only important stuff now
by
Robert LaFrance
I have resolved that, from now on, I
shall only write about important stuff in this column. No more frivolous
paragraphs and attempted humour. From now on I will only deal with serious
topics.
Inflation for example. This is a
subject we are all interested in and should be dealt with in a serious manner,
and part of that topic is the Bank of Canada and its interest rate.
As far as inflation goes, it’s all
rather silly anyway, isn’t it? We go to the grocery store one week and a big
bag of dog food is $8.99 and the next week it’s $13.99. Bacon is $5.49 a pound,
up from $3.00 or so a year ago. And so it goes. Turn on the financial news and
someone in a suit is telling me that the annual inflation rate is only 1.1%.
Really?
The price of everything I see or
touch – bacon, gasoline, tuition, vehicles - rises a lot faster than that, so
where do they get their figures? I can picture some men with ties and women with
severe suits all in a small room in Ottawa and saying: “What shall we say the
inflation rate is this month? George? Alice?” George says 1.4% and Alice says
1.1%. They flip a coin. Alice wins. Meanwhile, from the back corner, is a
little voice that says: “But my rent went up twenty percent since Tuesday!” He
is ignored.
The Bank of Canada’s ‘benchmark’
(whatever that might mean in the real world) interest rate continues at the
same place it has been – low – to avoid that inflation. Just last week the Bank’s
Governor, Stephen S. Poloz, said they might lower it even more. I have almost a
hundred dollars in a savings account, so I’m going to lose big. What if they
placed the central interest rate (that the Bank of Canada charges chartered
banks) at minus 2 percent? Then the banks could just take our money until we
don’t have any more.
Wait a minute. They already do that.
******************************
Continuing to be serious about
things, I refer you to some television commercials you recently saw. On that
commercial was a brand new medicine to cure an illness you never knew existed.
If you tend to get nervous when skydiving, there’s a pill for that. The
disease, by the way, isn’t common fear of death, but it could be called
Vertical Apprehension Syndrome. You just take their little pill called
Agamemnon-FX and you don’t feel a bit nervous, or conscious
What I am saying of course – in a
very serious way because, remember my resolution – is that drug companies
manufacture illnesses where none existed before and then come up with a drug to
cure it. Hitchhiker’s thumb? Could that be a disease? Okay, drug companies, I
have come up with the name of the disease; now all you have to do is come up
with a drug that cures HT whose symptoms are fatigue, a tendency to swear, and
a general cynicism about people who drive on highways.
New subject: Are we finding that we
are continually having to settle for second best in the products we buy? Just
yesterday a guy in a suit told me (he was in Toronto so it must be true) that
the Blackberry device, which from all accounts is a wonderful social tool, may
soon be gone, buried under the many other companies’ products that don’t work
anywhere near as well.
It all comes down to advertising. If
Company A has a better product than company B, but Company B’s advertising is
far better (more money spent), then people will choose Company B. Back in the
1980s companies had to make a choice whether they wanted to sell the
videocassette recorders called Beta or the ones called VHS. Someone in Japan
decided that, for marketing reasons, the standard would be VHS. So Panasonic,
Toshiba, etc. all switched to VHS and soon Beta didn’t exist. Ask somebody who
has used both which one was better and they will almost always say Beta.
The very machine I am typing this
serious column on is using a Microsoft Windows operating system. Also back in
the 1980s and the 1990s, Macintosh operating systems were left in the dust by
Microsoft because of the latter’s fantastic salesmanship. However, Microsoft
systems were far more prone to viruses and still are, and Macintosh machines
were much easier to use in some areas. The reason we (almost) all have PCs and
not Mac computers? Advertising, but there may be justice in this case; Apple
products have finally pushed aside Microsoft ones and they’re making billions.
-end-
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