Big Banks shrink staff to enhance obscene profit margins · Monday February 5, 2007 by colin newell
Bank of Montreal, Canada’s fourth- largest bank, plans to cut about 1,000 jobs, or almost 3 percent of its workforce, to reduce costs as profit growth slows.
I hate big banks.
The bank will post a one-time cost of C$88 million ($74.8 million) in the fiscal first quarter to cover the job cuts, the Toronto-based lender said today in a statement. Bank of Montreal reports earnings on March 1.
We owe it to our customers, our employees and our shareholders to have lean, efficient support functions, simplified processes, fewer layers and to eliminate duplication across our enterprise,’‘ Chief Executive Officer Anthony Comper said today in the statement. Comper, 61, is stepping down as CEO in March.
Right. I hate banks.
The job cuts would be the biggest by a Canadian lender since Royal Bank of Canada, the country’s biggest bank, eliminated 1,660 jobs in 2004. A year later, Canadian Imperial Bank of Commerce, the No. 5 bank, cut 950 jobs.
Hate banks. hate banks.
Bank of Montreal will cut head office positions and fire support staff who don’t deal directly with customers in cities including Toronto, Montreal and Chicago, spokesman Ralph Marranca said in an interview. Most of the cuts will happen by November.
Reminds me of two experiences with the Bank of Montreal.
BMO closed a branch in the Okanagon region of B.C. and forced thousands of seniors to drive the extra 75 miles (one-way) to the remaining branch in the region.
When asked (by CBC radio), the regional manager of BMO said they closed the branch to better serve the seniors.
I hate banks.
I had a BMO account from the time I was 11 years old… 20+ years in the same location. I had over-draft protection on my account and all my retirement investments with them. When they closed my branch to serve me better, I got a collections notice within 5 days for the 250$ of over-draft on my account.
When the biddie manager of this soon-to-close branch asked why I was pulling all my investments, I replied…
To serve you better!
I hate banks. Hate ‘em.
Downsize me... [1]
Tech to the rescue · Friday February 2, 2007 by colin newell
I work as a technician at a local University. Sometimes I need to parachute into tense situations where technology has failed…
Yesterday I was sent me into a classroom (in session) with
specific instructions to cut into a cable
and replace the DC Plug with an Audio Plug.
Anyone with any electrical or electronics knowledge knows that cutting into anything live is usually a bad idea.
I advised my contact person that it was probably not a good idea
but I went anyway –
Off I went to a lecture in the Womens Studies faculty
...in full swing. Trust me. Facing 35 or 350 sets of eyes with the clear intention of solving a tech problem in less than 5 minutes is challenging at the best of time.
Sure enough, there was some kind of power cable on the top of the counter that I could not identify.
The room was near dark as the class was in progress
with the Video Data Projector on and about 3 or 4 people talking to a class of about 35 ladies.
As I fumbled around the a/v cabinet, I realised that this
cable on the counter top was indeed NOT an audio
cable. I had no idea what it was or what kind of voltage was waiting to bite my ass.
Annoyingly, every 2 minutes or so, someone in the group would
introject: WHEN the audio problem is solved, we
will continue with the AUDIO presentation…”
Within about 15 minutes I was able to find and isolate
the audio cable in question (it had been stuffed into the
tech cabinet and force plugged into the back of the DVD player
RCA input!) The class was back in business and I quietly excused myself to limit the interuption to the learning process.
I think in the future, under circumstances like these, I will put off these kind of re-wiring tasks til the classroom is illuminated and safely cleared out. It is just better for everyone. We used to do service to VDP’s while classes were in progress – but it is just too dangerous. The very thought of dropping a VDP 15 to 30 feet from the ceiling to the floor or onto the head of a student is just too much of a risk to take.
Anyway. I got the job done today.
Ironically, the classroom topic being discussed was
about how useless men are and how poorly they treat
women.
Sometimes you win. Sometimes you lose.
Owning a fully automatic home coffee machine · Thursday February 1, 2007 by colin newell
Super-Auto or fully automatic coffee makers are all the rage now. But you have to ask yourself one question: “Can you control yourself?”
Upside With a standard Super-Auto machine, you add coffee beans and water. You push a button. That’s it. Really. That’s it.
Downside Buy one of these units and you will drown in great coffee. On the evolutionary scale, there are few genetic upticks between the human and, say… the gerbil.
Or a hamster. You know what a hamster is, yes? My point: It takes very little stimulus to cascade from civilized beings to caffeine-pellet gobbling rodents.
Anyway – a true story: A wealthy uncle of mine bought a swiss made fully-auto coffee maker.. about 1700$
for his kitchen. A Solis Master 5000 digital.
He loved it. Perhaps a little too much. Heck, I borrowed it for 5 days for use in my lab. And the 4 normally adult male techs in my shop quickly morphed into human/hummingbird hybrids. The more they buzzed around the Solis for yet another shot the more hummingbird-like they became. Go figure.
The Solis is a good machine and the after-sales support is top notch. So, after a year, the sales/service centre that
sold it to him suggested a free check-up.
They were so amazed when they got it in the
shop… and they called me. I can remember the call…
Within 365 days of us, he has clocked in 14,000
servings of coffee. They thought he was running
a restaurant.
This Uncle, who is in his 60’s has a wife who is 32.
He has (or had at the time…) a 3 year old.
He claims: “I put my coffee maker on at 5AM and
I make one or two Americanos coffee every hour til
when I turn it off at 10 PM!”
Do the math. He pressed the brew button over 10,000
times in the space of one year.
Now THAT is coffee drinking!
Personally, I drink about 8 fluid ounces of coffee a day.
Not 8 fluid litres. If I drank coffee like this, my head would explode. Or maybe my bladder would go first.
Either way, if you think you can handle one of these units, go ahead an try. But keep a support group handy… or a life-line or something.
You have been warned.
50 years, 26 countries World Tour... · Wednesday January 31, 2007 by colin newell
There is talk starting to circulate that the U.S.A. may use nuclear weapons against Iran. Anyway you slice it, this is utter insanity. Knowing that, you are probably thinking that America would never just come out and drop bombs on just anybody. Well, lemme jog your memory about American foreign policy over the last 50 years.Read a good report here
The following is a list of countries the U.S. has bombed since WWII. Now I know what you are thinking: These countries needed to be bombed to protect the World from terrorism, fascism, communism and socialism. You know, to keep the World free from tyranny and opression. Right. Maintain World Peace through perpetual War. So. Here you are. 26 countries. Millions of lives snuffed out. Enjoy.
* China (1945-46)
* Korea and China (1950-53--Korean War)
* Guatemala (1954)
* Indonesia (1958)
* Cuba (1959-61)
* Guatemala (1960)
* Congo (1964)
* Peru (1965)
* Laos (1964-73)
* Vietnam (1961-73)
* Cambodia (1969-70)
* Guatemala (1967-69)
* Grenada (1983)
* Lebanon (1983, 1984 -- both Lebanese and Syrian targets)
* Libya (1986)
* El Salvador (1980s)
* Nicaragua (1980s)
* Iran (1987)
* Panama (1989)
* Iraq (1991 to present)
* Kuwait (1991)
* Somalia (1993)
* Bosnia (1994, 1995)
* Sudan 1998
* Afghanistan (1998, 2001-02)
* Yugoslavia (1999)
* Iran (200?)
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