Post Tagged with: "money"

The CBC logo is recognized throughout all of Canada. Image: Radio-Canada:

CBC To Cut 657 Jobs

The CBC announced last week that it plans to cut 657 jobs over the next two years.

The CBC (Radio-Canada in Quebec) had to drastically cut the amount of money it can spend (its budget). Because it had to cut more than $130 million, it had to let go of many people’s jobs because it would not be able to afford to pay their salaries.

by · April 14, 2014 · News
Image: LaurMG.

Is It Okay To Work For No Money?

Many companies train young people through an “internship.”

An unpaid internship is when someone (usually a student) learns a job by working at a company, but doesn’t get paid. Instead of money, they get training and experience.

Two popular Canadian magazines have been told by the government that they must stop offering unpaid internships.

by · March 30, 2014 · News
Saddle Ridge Hoard coins and dirt. Image: Wikipedia

Couple Finds Buried Treasure–In Their Backyard

A husband and wife struck gold last month… in their backyard.

The man and woman were walking their dog on their property in California when the woman noticed a strange looking, rusty can in the ground.

They started digging, and eventually uncovered eight metal cans. The cans were full of gold coins–1,427 of them.

It turns out that the coins are very valuable. In fact, they’re worth more than $10-million.

by · March 23, 2014 · Lighter, News
Tom Crist. Image: WCLC

Man Donates Entire $40-Million Lottery Prize To Charity

If you hit the jackpot in a lottery, what would you do?

Last May Tom Crist, from Calgary, Alberta, was on the golf course with some friends when he got a phone call from the Western Canada Lottery organization.

They told him he had the winning ticket, and he’d won a lot of money.

He’d won $40 million.

Crist ended the call and he went right back to playing golf.

He didn’t tell anyone what had happened. He put it out of his mind.

by · December 18, 2013 · News
Image: Jazzbobrown

Bad Manners Will Cost You Extra In This French Café

A café in France has found a way to encourage politeness.

The more polite you are, the less you have to pay for your coffee.

A cup of coffee at La Petite Syrah cafe costs a whopping €7 (seven Euros, or more than $10).

However, you can bring the price down if you’re nice to the server.

If you say please when you order (or s’il vous plait in French) the price comes down to €4,25 (about $6.18).

And if you say hello as well (“bonjour, un café, s’il vous plait”) the price comes down to a much more reasonable €1,40 (just over $2).

by · December 17, 2013 · Lighter
The Amazon Prime Air Drone. Image: Chris Demorro

Amazon Testing “Octocopters” For Half-Hour Delivery Times (But Not Anytime Soon)

Lots of people buy books and products from Amazon, an online seller.

They order and pay over the Internet and the books are shipped through the mail or a delivery service like FedEx.

One day, people could get their Amazon deliveries from an “unmanned aerial vehicle” — a tiny flying vehicle that looks like a toy helicopter.

And instead of waiting days to get the parcel, it could be at the buyer’s home in half an hour or less.

The company is working on a fleet of tiny vehicles they call “Prime Air.”

The vehicles are also known as “octocopters.”

by · December 3, 2013 · Lighter, News
Image: Richard Mather, John Elliot

Rare Book Sells For $14.2-Million

How much would you pay for a book? $15? $20?

How about more than $14-million?

That’s what businessman David Rubenstein paid for one on Tuesday.

It’s the most expensive book ever purchased in an auction.

It is believed to be the first book ever printed in what is now the United States of America.

It’s called the Whole Book of Psalmes, or the Bay Psalm Book for short.

by · November 27, 2013 · Lighter, News
If they can afford it, people in Kenya are upgrading their roofs to steel. Image: CPL Bryant V. Cox, U.S. Marine Corps

Charity Gives Money Directly To World’s Poorest People

What would you do with a thousand dollars? You can probably think of a lot of fun ways to spend that much money.

But what if your family didn’t always have enough to eat? Or what if you lived in a house with a dirt floor and a thatched roof? A thousand dollars could change your life.

That’s the idea behind a charity called GiveDirectly, which puts money in the hands of poor people and lets them spend it however they choose.

GiveDirectly was founded in 2008 by four American university students. Paul Niehaus, Michael Faye, Rohit Wanchoo and Jeremy Shapiro were studying economics in the developing world. They wanted to find the best way to help the poorest people.

Traditional charities work by raising money from donors and spending it where they think it can do the most good. Charities often support major projects like building schools, hospitals, roads, wells and irrigation pipes, or providing medical care for people in need.

by · November 7, 2013 · News
Image: Adrian Scottow

Toronto Landmark, Honest Ed’s, Has Been Sold

A Toronto landmark has been sold to a builder in Vancouver.

Honest Ed’s discount store, at the corner of Bloor and Bathurst, will close down in two to three years.

Since 1948, the store has grown to take up almost a whole block.

Over the years, the decorations all over the building have become more and more extravagant.

The public can see the store’s neon signs and colourful lights from two blocks away.

The founder of Honest Ed’s was Ed Mirvish.

by · October 29, 2013 · News
Image: Ssolbergj

Canada Makes A New Trade Deal With The EU

Canada has a new deal with the European Union. The agreement is expected to increase the amount of trade between Canada and many countries in Europe.

Trade, in this case, is when one country buys something from another country and vice-versa.

Prime Minister Stephen Harper has said the new deal could increase trade by 20 per cent, beginning in 2015, and add $12-billion to Canada’s income (the money it makes) each year.

The new trade deal is called CETA, which stands for Comprehensive Economic and Trade Agreement.

It is expected to create 80,000 new jobs in Canada.

Canada and the European Union have been working on the new trade deal for the past four years.

Canada’s largest trading partner is the United States, but increased trade with other partners is good so Canada is not as dependent on any single country.

by · October 28, 2013 · News, Politics