Channel 9 Forums - Coffeehouse - Canadian to the rescue of the UK http://mschnlnine.vo.llnwd.net/d1/Dev/App_Themes/C9/images/feedimage.png Channel 9 Forums - Coffeehouse - Canadian to the rescue of the UK http://channel9.msdn.com/Forums Channel 9 keeps you up to date with the latest news and behind the scenes info from Microsoft that developers love to keep up with. From LINQ to SilverLight – Watch videos and hear about all the cool technologies coming and the people behind them. http://channel9.msdn.com/Forums en Sat, 25 May 2013 20:32:17 GMT Sat, 25 May 2013 20:32:17 GMT Rev9 25 -25 -1 Coffeehouse - Canadian to the rescue of the UK No, not me silly. It's Mark Carney, governor of the Bank of Canada, who will be Bank of England governor starting July 1.

What's a Canadian doing with the second most powerful job in the UK?

http://news.ca.msn.com/top-stories/mark-carney-named-bank-of-england-governor

 

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/58819bbc2f6d4e20ab11a11600ff8238#58819bbc2f6d4e20ab11a11600ff8238 Tue, 27 Nov 2012 15:30:16 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/58819bbc2f6d4e20ab11a11600ff8238#58819bbc2f6d4e20ab11a11600ff8238 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK Ex Goldman Sachs no?

The plot thickens.

Now, where is my tinfoil hat?

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/4fdb50d6bf754ae2a191a1160100df3a#4fdb50d6bf754ae2a191a1160100df3a Tue, 27 Nov 2012 15:35:14 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/4fdb50d6bf754ae2a191a1160100df3a#4fdb50d6bf754ae2a191a1160100df3a Maddus Mattus 25 http://channel9.msdn.com/Niners/Maddus Mattus/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK Damn, I was hoping Shatner would get it.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/60f877503d8648d68d89a1160102ae30#60f877503d8648d68d89a1160102ae30 Tue, 27 Nov 2012 15:41:49 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/60f877503d8648d68d89a1160102ae30#60f877503d8648d68d89a1160102ae30 Ian Walker 25 http://channel9.msdn.com/Niners/Ian2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK I read about this one last night -- this was the first time the post was 'open' to job applicants answering an advert, rather than just chosen from a hand-picked shortlist.  Carney was widely agreed to be the best candidate for the job (Canada hasn't been as badly affected by the recession as most other countries) and so was hired -- sounds like an improvement on the 'old boy network' that seems to dominate these positions in the UK.

Carney has links to the UK (British wife, spent a few years working here), so he already has some contacts in the UK banking industry.

Herbie

 

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/04984ba8ecf04ca9b6cea11601030876#04984ba8ecf04ca9b6cea11601030876 Tue, 27 Nov 2012 15:43:06 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/04984ba8ecf04ca9b6cea11601030876#04984ba8ecf04ca9b6cea11601030876 Herbie Smith 25 http://channel9.msdn.com/Niners/Dr Herbie/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK Second most powerful job after what? The Archbishop of Canterbury?

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/e40641463e594e8796fca1160109111b#e40641463e594e8796fca1160109111b Tue, 27 Nov 2012 16:05:04 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/e40641463e594e8796fca1160109111b#e40641463e594e8796fca1160109111b evildictaitor 25 http://channel9.msdn.com/Niners/evildictaitor/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK Does the Bank of England job have the ability to help write laws? Canada survived the global meltdown because of it's banking laws.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/f30bf3c6d63241e79148a116010b7bc1#f30bf3c6d63241e79148a116010b7bc1 Tue, 27 Nov 2012 16:13:52 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/f30bf3c6d63241e79148a116010b7bc1#f30bf3c6d63241e79148a116010b7bc1 Harlequin 25 http://channel9.msdn.com/Niners/Harlequin/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Harlequin wrote

Does the Bank of England job have the ability to help write laws? Canada survived the global meltdown because of it's banking laws.

Those laws are so good, that the government felt the need to bail the banks out.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/eda47c9e338c4b36b583a116010d63ea#eda47c9e338c4b36b583a116010d63ea Tue, 27 Nov 2012 16:20:49 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/eda47c9e338c4b36b583a116010d63ea#eda47c9e338c4b36b583a116010d63ea Maddus Mattus 25 http://channel9.msdn.com/Niners/Maddus Mattus/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK OK right. Just no. No damned thread drift. I'm getting fed up with certain folks initiating thread drift and repeating the same statements over and over and over and over again.

So keep it on topic, and stop highjacking threads to push your own political agenda.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/d549f02b897f4b128343a116011f7afe#d549f02b897f4b128343a116011f7afe Tue, 27 Nov 2012 17:26:41 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/d549f02b897f4b128343a116011f7afe#d549f02b897f4b128343a116011f7afe blowdart 25 http://channel9.msdn.com/Niners/blowdart/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, evildictait​or wrote

Second most powerful job after what? The Archbishop of Canterbury?

 

Prime Minister.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/72acb0be59c343c391aea11700175118#72acb0be59c343c391aea11700175118 Wed, 28 Nov 2012 01:24:53 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/72acb0be59c343c391aea11700175118#72acb0be59c343c391aea11700175118 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Proton2 wrote

*snip*

 

Prime Minister.

It's a plot. He'll be so enamoured with Her Majesty's head on the notes and coins when he goes back to Canada he'll start a campaign to get it back on Canadian notes. After all, the queen still owns Canada. Except for Quebec, but who would want that bunch of weirdos anyway?

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/3e21204084364acf98e0a1170024c569#3e21204084364acf98e0a1170024c569 Wed, 28 Nov 2012 02:13:52 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/3e21204084364acf98e0a1170024c569#3e21204084364acf98e0a1170024c569 blowdart 25 http://channel9.msdn.com/Niners/blowdart/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK @blowdart: I want to try poutine.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/951e8c1c9e0f42e9a575a117003ae1fe#951e8c1c9e0f42e9a575a117003ae1fe Wed, 28 Nov 2012 03:34:23 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/951e8c1c9e0f42e9a575a117003ae1fe#951e8c1c9e0f42e9a575a117003ae1fe cbae 25 http://channel9.msdn.com/Niners/cbae/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Harlequin wrote

Does the Bank of England job have the ability to help write laws? Canada survived the global meltdown because of it's banking laws.

A couple of main points with regards to Canada (I don't know how similar it is to England):

1. Who is responsible for monetary policy?                   

The inflation-control target — one of the two cornerstones of Canada's monetary policy — is set jointly by the Bank and federal government. However, the day-to-day administration of monetary policy is the responsibility of the Bank's Governing Council, composed of the Governor, Senior Deputy Governor, and Deputy Governors.

The Bank of Canada Act requires regular consultations between the Governor and the Minister of Finance on the direction of monetary policy. If a profound disagreement were to occur between the Bank and the government, the Minister of Finance could issue a written directive to the Governor specifying a change in policy. This would most likely result in the Governor's resignation. However, such a directive has never been issued.

2. How does the Bank of Canada implement monetary policy?                   

The Bank implements monetary policy by influencing short-term interest rates. It does this by raising and lowering the target for the overnight rate (also known as the key policy rate.) This is the interest rate at which major financial institutions borrow and lend one-day (or overnight) funds among themselves.

http://www.bankofcanada.ca/about/faq/

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/0357302f546e498fba38a117003b5ad7#0357302f546e498fba38a117003b5ad7 Wed, 28 Nov 2012 03:36:06 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/0357302f546e498fba38a117003b5ad7#0357302f546e498fba38a117003b5ad7 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, cbae wrote

@blowdart: I want to try poutine.

Poutine, for better or worse, is found throughout Canada now, not just in Quebec.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/cf7465241a3b4e13bd4fa117003bbeba#cf7465241a3b4e13bd4fa117003bbeba Wed, 28 Nov 2012 03:37:31 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/cf7465241a3b4e13bd4fa117003bbeba#cf7465241a3b4e13bd4fa117003bbeba Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, blowdart wrote

*snip*

It's a plot. He'll be so enamoured with Her Majesty's head on the notes and coins when he goes back to Canada he'll start a campaign to get it back on Canadian notes. After all, the queen still owns Canada. Except for Quebec, but who would want that bunch of weirdos anyway?

"He will be a youthful 53 when he's done and could yet return in triumph (presuming he saves the world in the meantime) to run for the Liberals — or conceivably, even the Conservatives."

http://fullcomment.nationalpost.com/2012/11/26/john-ivison-on-mark-carney-canada-just-lost-one-of-its-best-and-brightest/

 

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/043d2f376ab94b7d9657a117003c8525#043d2f376ab94b7d9657a117003c8525 Wed, 28 Nov 2012 03:40:20 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/043d2f376ab94b7d9657a117003c8525#043d2f376ab94b7d9657a117003c8525 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Proton2 wrote
 

The inflation-control target — one of the two cornerstones of Canada's monetary policy — is set jointly by the Bank and federal government. However, the day-to-day administration of monetary policy is the responsibility of the Bank's Governing Council, composed of the Governor, Senior Deputy Governor, and Deputy Governors.

The Bank of Canada Act requires regular consultations between the Governor and the Minister of Finance on the direction of monetary policy. If a profound disagreement were to occur between the Bank and the government, the Minister of Finance could issue a written directive to the Governor specifying a change in policy. This would most likely result in the Governor's resignation. However, such a directive has never been issued.

Pretty much the same. If the Bank fails to keep inflation under a set rate they have to go explain it to the government

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/92233d00b97e4c51b092a11700412a87#92233d00b97e4c51b092a11700412a87 Wed, 28 Nov 2012 03:57:15 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/92233d00b97e4c51b092a11700412a87#92233d00b97e4c51b092a11700412a87 blowdart 25 http://channel9.msdn.com/Niners/blowdart/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, cbae wrote

@blowdart: I want to try poutine.

Poutine is a Quebec dish, made with french fries, topped with brown gravy and curd cheese. Sometimes additional ingredients are added.

Big Smile

In these parts, we give these type dishes local names: "Cardiac Arrest", "Heart Stopper", "Artery Cement"...

?? How can the Queen own non-French Canada? What's that angle? I realize Canada was territory once...

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/56e924114de2473ab76ba11700de1622#56e924114de2473ab76ba11700de1622 Wed, 28 Nov 2012 13:28:35 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/56e924114de2473ab76ba11700de1622#56e924114de2473ab76ba11700de1622 JohnAskew 25 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Proton2 wrote

*snip*

"He will be a youthful 53 when he's done and could yet return in triumph (presuming he saves the world in the meantime) to run for the Liberals — or conceivably, even the Conservatives."

Expressionless     What does that mean? Isn't Two-Face one of Batman's villans? I'm so confused.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/7e1207fb1d454983be89a11700def79c#7e1207fb1d454983be89a11700def79c Wed, 28 Nov 2012 13:31:47 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/7e1207fb1d454983be89a11700def79c#7e1207fb1d454983be89a11700def79c JohnAskew 25 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK @JohnAskew: First question: The Queen (monarch) is the symbolic head of Canada and has no real powers and doesn't really own any part of Canada.

 

Second Question: Currently there is no leader of the Liberal party, just an interm leader until one is selected sometime later this year. Before the son of Pierre Trudeau entered the race, there was some speculation that Mark Carney might run for leader. Since liberal and Conservative parties in Canada are close to the center, Carney could fit in to either party.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/93e4ff88450d44869a14a11700e35e62#93e4ff88450d44869a14a11700e35e62 Wed, 28 Nov 2012 13:47:49 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/93e4ff88450d44869a14a11700e35e62#93e4ff88450d44869a14a11700e35e62 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Proton2 wrote

@JohnAskew: First question: The Queen (monarch) is the symbolic head of Canada and has no real powers and doesn't really own any part of Canada.

 

Second Question: Currently there is no leader of the Liberal party, just an interm leader until one is selected sometime later this year. Before the son of Pierre Trudeau entered the race, there was some speculation that Mark Carney might run for leader. Since liberal and Conservative parties in Canada are close to the center, Carney could fit in to either party.

Then I am a jealous neighbor to the south. But there may be more than 2 parties back up in there...

We have setup an anti-gravity field around the political center in the USA, so that no one can meet and work anything out. It's flawless so far...

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/1612518840ce4c268c8fa11700e78f64#1612518840ce4c268c8fa11700e78f64 Wed, 28 Nov 2012 14:03:05 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/1612518840ce4c268c8fa11700e78f64#1612518840ce4c268c8fa11700e78f64 JohnAskew 25 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Maddus Mattus wrote

Ex Goldman Sachs no?

 

Indeed, you are correct.

 

"Carney is also a Goldman  Sachs alum.  He spent thirteen years (1988 to 2003) there working in  the London, Tokyo, New York and Toronto offices."

Read more:  http://www.businessinsider.com/current-goldman-alumni-in-key-public-positions-2012-11#ixzz2DWfntqnm

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/bfb9d788b747420398fca11700e7c124#bfb9d788b747420398fca11700e7c124 Wed, 28 Nov 2012 14:03:47 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/bfb9d788b747420398fca11700e7c124#bfb9d788b747420398fca11700e7c124 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, Proton2 wrote

*snip*

 

Prime Minister.

But what about the Chancellor of the Exchequer, who actually hired the guy in the first place? Or the Permanant Secretary to the Treasury, who tells the Chancellor of the Exchequer things like how to tie his shoelaces and not to swear at journalists?

And what about the CEOs of banks? The board of RBS have made more of an impact to the country's economy over the past ten years (both up and down) than the head of the BoE.

Or how about the head of the department for Work and Pensions? His department gets people back to work and runs the job centres, or the head of the department for Business Innovation and Skills, who encourages Business Growth? Or the CEO of the CBI? Or the head of the Chambers of Commerce? Or the Chairman of the Chinese Sovereign Wealth Fund? Or the Foreign Secretary who encourages external businesses to start in the UK and buy UK exports? Or frankly any single member of the Cabinet or their Permanent Secretaries? Or the chairman of the Conservative Party? Or the Deputy Prime Minister?

Methinks you have assumed too quickly that the head of the BoE is important. Or that he can change the economy at will.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/01435ac79ba0487aabc8a11700e7e645#01435ac79ba0487aabc8a11700e7e645 Wed, 28 Nov 2012 14:04:19 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/01435ac79ba0487aabc8a11700e7e645#01435ac79ba0487aabc8a11700e7e645 evildictaitor 25 http://channel9.msdn.com/Niners/evildictaitor/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, JohnAskew wrote

?? How can the Queen own non-French Canada? What's that angle? I realize Canada was territory once...

The queen is on all $20 and $1000 notes in Canada, and hence owns all of Canada using the long established tradition of it belongs to you if their currency has your face on it*.

* not actually a tradition. Terms and conditions apply.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/27a23d554a19480caa1ba11700e93241#27a23d554a19480caa1ba11700e93241 Wed, 28 Nov 2012 14:09:02 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/27a23d554a19480caa1ba11700e93241#27a23d554a19480caa1ba11700e93241 evildictaitor 25 http://channel9.msdn.com/Niners/evildictaitor/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK

, JohnAskew wrote

*snip*

Then I am a jealous neighbor to the south. But there may be more than 2 parties back up in there...

We have setup an anti-gravity field around the political center in the USA, so that no one can meet and work anything out. It's flawless so far...

 

There are 2 other parties that have elected members. The Greens with 1 seat, and the New Democrat Party (NDP) sometimes incorrectly called National by outsiders. The NDP have enough seats to form the opposition, which just means they are in second place. There is also a Quebec Independence party that only have members from Quebec, and not that long ago was the official opposition. I'm not even sure if they have any seats at all, and I'm to lazy to Bing it. The NDP is considered a far left party, whose popular leader recently died from cancer.

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/09689861613d439080daa11700eb808e#09689861613d439080daa11700eb808e Wed, 28 Nov 2012 14:17:26 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/09689861613d439080daa11700eb808e#09689861613d439080daa11700eb808e Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK @evildictaitor: My mistake, he is the second most influential bank head, behind the US Fed. (once he starts the job). Sorry for the confusion, I read the article to quickly.

 

Rest assured on other "controversial" topics, I read very carefully and often. Wink

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/ca40ab31475e436aa30ba11700ecffa8#ca40ab31475e436aa30ba11700ecffa8 Wed, 28 Nov 2012 14:22:53 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/ca40ab31475e436aa30ba11700ecffa8#ca40ab31475e436aa30ba11700ecffa8 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS Coffeehouse - Canadian to the rescue of the UK @evildictaitor:The hunt for Canada's $1,000 bills: There are nearly a million left, most in the hands of criminal elites.

http://news.nationalpost.com/2012/11/15/the-hunt-for-canadas-1000-bills-there-are-nearly-a-million-left-most-in-the-hands-of-criminal-elites/

 

]]> http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/d09de5e8a56642b9a4e0a11700ee4d78#d09de5e8a56642b9a4e0a11700ee4d78 Wed, 28 Nov 2012 14:27:37 GMT http://channel9.msdn.com/Forums/Coffeehouse/Canadian-to-the-rescue-of-the-UK/d09de5e8a56642b9a4e0a11700ee4d78#d09de5e8a56642b9a4e0a11700ee4d78 Proton2 25 http://channel9.msdn.com/Niners/Proton2/Discussions/RSS