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We really only have ourselves to blame for China's corrupt money. We have demanded cheaper prices and we, as shareholders of some of the world's largest companies, have demanded higher returns. It's coming home to roost, unfortunately. Since we're on the topic of electric vehicle charging stations, the new condo development in Langley that people were lining up for actually has charging stations assigned to each unit: Condo & Penthouse Features - Yorkson Creek There's no mention if the strata will be on the hook for the power, or if the power will be bundled in the billing for each suite. |
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To be fair, we've dealt with many types of china students/families in our building. There was one girl who was raised in a boarding school in England so she was able to take care of herself and spoke very good english. We've also met the poor ones who didn't want strata to go through with the building being repainted cause they like to live in a dive. Some of these kids are living on their own for the very first time so they have no concept of what we deem as acceptable or not acceptable behaviour. |
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Retired couple who spends their winters in Mexico and rented out their unit while they were away. The couple they rented to seemed nice at first. Then after the moved in, they got a puppy and let the dog poop and pee everywhere. They left rotting garbage in the sink till the unit was full of fruit flies. Fast forward to last week, the couple that rented had broken up sometime in the past 6 months and all that was left was the girl and her dog plus another female room mate. They claimed they hired a professional cleaner to clean the place before returning the keys. The owners went into the unit and found dried doogy doo everywhere as well as the furniture was all chewed up from the puppy. |
I seriously don't understand how people can live like that. |
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Just one example is Vancouver city council and list goes on. Only difference between corruption in North America vs. Asia is it's not as obvious. It most places in Asia it's a known fact that you need to pay off certain individuals to get stuff done, here it's more hush hush and favors are usually done at a smaller scale e.g get me a permit and I'll fix your house or give you a donation next time around, etc... |
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Hell, put a $20 in your palm and shake the bouncer's hand to get into the club faster. |
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Vancouver's Real Estate Market Vancouver realtor accused of making threats http://www.theglobeandmail.com/news/...ticle30024457/ Sent from my iPhone using Tapatalk |
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I don't think i could say the same for developing nations. a lot of this comes down to government regulation too. in china, for example, there are no regulations against dumping chemicals in streams and rivers (i was there once and told that, couldn't believe it). |
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http://www.revscene.net/forums/70753...ml#post8755082 |
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#thuglyfe |
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Businesses take advantage/abuse loopholes all the same, which is really what this is, a loophole that is being abused. And you can also bet that these students and their families who 'live' here are collecting welfare cheques, free MSP, subsidized/free education. |
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It's just so frustrating when those who have lived in Vancouver their entire lives are witnessing their city going to shit, as a result of these greedy politicians who know nothing more but to continuously shovel money into their pockets. For young families who are looking to purchase a home for a first time, having to compete with foreign criminals trying to launder their corrupted money out from another country, must be a terrible experience. |
These foreigners have cold hard cash and laundering it through. How does the government stop it when its the canadian relatives and fake business that are purchasing it. |
i know it may seem cool to be anti corporate, saying all companies are corrupt, just consider this for western companies: A company has to act within guidelines, financial, regulatory, sector specific, etc. A company will have rules that must be complied with, and if not complied with, will be found out and those breaking the rules will be held accountable (having said that, white collar crime isn't heavily enough hit). Sarbanes Oxley rules are just one to prevent issues stemming from the Enron/Worldcom accounting cluster fuck. There have been issues, of course, but we learn from them and move on. Corporate entities being used by individuals to skirt the laws (panama papers style) is not anything to do with companies. Companies and corporations are not interchangeable. Any corporate entity used is just an extension of the person utilizing said entity to avoid tax, hide money, etc. I know CIC will just say i'm brainwashed, uneducated, rat racer, etc. but in the end of the day, it is humans that are corrupt, company guidelines, governmental regulations, etc. prevent much more fraud and unethical behaviour occurring. The problem is, people like CIC have probably never worked a real job, or has no actual experience seeing how companies work. Regulations in the western world are so much more strict than in the developing world. Corruption and unethical behaviour, whilst still alive in the western world (and will always be to some degree), is significantly greater in developing economics and markets due to a lack of regulation and a greater focus on growth than morality. |
Kareem Serageldin, its his fault clearly |
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In my industry we deal with Cable and Telephone companies where there is a strong focus on ethical business. Look at Telus' corporate statement on corruption. Quote:
So yes, unethical practices still exist. But not even close to the extent that bribery and scandals happen in Asia and South America. Quote:
However I would like to see bankers and fraudsters actually get jail time for what they've done. People manipulating the markets, banks profiting off drugs or arms. Then there are situations like the Mike Duffy trial make me wonder if justice is really blind, or just inconsistent. |
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It's not uncommon to take people out on business lunches/dinners I've also heard stories of after dinner events in the name of building better customer/supplier relationships. Like my example. Tickets to the Canucks in someone's private box. I've heard of stories where drug companies take pharmacist/doctors to info seminars + golf and dinner to introduce them to new medications that they can prescribe for certain illnesses. Of course, all this doesn't compare to the amount of corruption there is in other developing countries. |
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So it looks like if you're into grey market, under the table, or straight up bribery, get into a trade or politics. :lol |
building repore or getting to know your customers via hockey suites or playing golf is normal business practices to me. Heck, the stuff the pharma guys do is borderline unethical. However, for most part, North American business is competitive as heck where everyone is looking for an edge, but for the most part, play pretty above board. Asian business seems to start with the corrupt route or "how can I benefit personally Vs the company" mentality first. It is a huge difference imo. |
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Spoiler! |
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