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Canada’s highest court upholds ruling that Donald Trump did mislead investors

Posted on March 11th, 2017 at 15:59 by John Sinteur in category: News

[Quote:]

The “cornerstone” of the plantiffs’ claims, Justice Rouleau said, was a document that was presented to each of them outlining the “estimated return on investment”.

Both Mr Singh and Ms Lee said they relied heavily on the estimates provided to them in making their individual decisions to purchase their respective properties.

But “as it turned out, the estimates bore no relation to financial reality. The motions judge found as a fact that the estimates were ‘deceptive documents’ and ‘replete with misrepresentations of commission, of omission, and of half-truth’,”Justice Rouleau said.

The Ontario Court of Appeal ruled in favour of the investors, ordering that the sale of the unit must be rescinded for Singh and damages must be paid to Lee for “negligent misrepresentation”.


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Comments:

  1. This is not an unusual story in Canada, I’m sorry to say. People with relatively small incomes are borrowing way too much in the hope of a get-rich-quick scheme that won’t blow up. I am not saying that the Trump franchisees are blameless (clearly not) but parts of Canada are consumed with the idea that speculating on real estate is going to make them rich…we didn’t learn anything from the US housing bust, it appears…

    Vancouver’s market may already be in meltdown. Toronto’s is still going up exponentially. Here’s Garth Turner last week:
    http://www.greaterfool.ca/2017/03/10/balls-2/

  2. If the most valuable element on Earth is water, Canada is indeed rich.

  3. @will: Have you taken a look at the oceans? There’s a lot of water!
    A solar powered RO filter and you can even drink it 🙂

Inside the cruellest RollerCoaster Tycoon park ever created

Posted on March 11th, 2017 at 14:32 by John Sinteur in category: News

[Quote:]

Beverley P is stuck in a maze. She’s spent the last 50 years toiling away near its entrance. Starving, thirsty and exhausted, Beverley ekes out a desperate, endless existence, alone and without hope. If she were able to talk, she might whisper: “kill me”.

Regina F. managed to make it past Checkpoint 1, and is currently circling Checkpoint 2. 47 years after she began her journey through the maze, there is a sliver of hope that she may find the exit. But she still has a long way to go; there are five checkpoints in total. Miserable, exhausted and desperate for a drink, Regina soldiers on. Maybe, in another 50 years, she’ll have reached the half-way point.

Is this the most evil RollerCoaster Tycoon creation ever? Probably.


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This sign has a sign that says this sign has RFID and GPS tracking

Posted on March 11th, 2017 at 14:23 by John Sinteur in category: News


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Star Wars

Posted on March 11th, 2017 at 9:52 by John Sinteur in category: News


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Trump adviser admits to contact with DNC hacker

Posted on March 11th, 2017 at 9:43 by John Sinteur in category: News

[Quote:]

Roger Stone, President Trump’s former campaign adviser, on Friday admitted to having private conversations with a hacker who helped leak information from the Democratic National Committee (DNC) during last year’s campaign.

Stone insisted to The Washington Times that the conversations were “completely innocuous.”


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Comments:

  1. The truth is described as a “leak” like it’s unintended, an accident. What a strange political system we have. How can you have a democracy without the truth?

  2. In spite of the voluminous evidence that Trump et al colluded with the Russians, they still deny everything with ludicrous alternative facts. We are in a post Occam Razor’s world.

  3. Maybe Hillary should have had Putin as an advisor.