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jerryking : budgets   32

Hard sell for the ad men
| Financial Times |

Consumer goods groups are cutting costs amid slowing growth – the advertising industry is first to feel the pinch
CPG  cost-cutting  shareholder_activism  advertising  Big_Food  advertising_agencies  P&G  bots  marketing  budgets  Unilever  ABInBev  Mondelez  WPP  Interpublic  brands  Nestlé  slow_growth 
august 2017 by jerryking
The Money Letter That Every Parent Should Write - The New York Times

"....consider the old-fashioned letter. It’s long enough to tell some tales to bolster your advice, and if it’s written with enough soul, there’s a good chance the recipient will keep it for a long time. Plus, it’s a literal conversation piece, since the good letters will inspire more curiosity about how the writers oversee their own financial affairs....A good letter, according to Ms. Palmer, should include at least one story about a large financial challenge and another one about a big money triumph. Then, include a list of crucial habits and the tangible things they have helped the family achieve.

HEED YOUR IGNORANCE Quite often, the best stories and takeaways come from the biggest mistakes.
BEWARE OF GENIUS: Don’t trust the person who claims to be omniscient either.
STICK TO YOUR SELLING PLANS We can be blinded by flattery from the seats of power,” “Be aware of this in your business lives.” Selling something that is still valuable is the hardest part of any trade, he added. So if you can’t name three good reasons to continue owning something, then it’s time to sell.
BUDGETS ARE ABOUT VALUES. What you spend says a lot about what you stand for, and if you don’t like what your own notebook says about you, try to make it look different next month.
personal_finance  parenting  Communicating_&_Connecting  writing  investing  investors  mentoring  values  budgets  advice  self-discipline  lessons_learned  wisdom  habits  financial_planning  ownership  ignorance  origin_story  takeaways  family  storytelling  financial_challenges  family_office  generational_wealth  soul-enriching  coverletters  unsentimental 
june 2016 by jerryking
Mark Saunders to be named as Toronto’s chief of police: sources - The Globe and Mail
TORONTO — The Globe and Mail
Published Sunday, Apr. 19 2015,

The new chief will take over the force at a time of high public pressure on two points: cost and race relations.

After years of quickly escalating costs, the province’s Sunshine List showed this year that more than half of all Toronto officers made at least $100,000. The police board stressed in their job ad for the new chief that limiting spending would be key. Board members said they were looking for pitches of how to reorganize the force, and for someone willing to make unpopular changes.

A police practice that has long drawn anger from Toronto’s black communities has drawn a new wave of public debate in the past few months. Police have been criticized for “carding,” or questioning people who aren’t suspected of a crime, with many saying they’re more likely to stop non-white Torontonians.
appointments  CEOs  Toronto_Police_Service  carding  Mark_Saunders  racial_profiling  Toronto_Police_Services_Board  budgets  cutbacks 
april 2015 by jerryking
In the push to get back to black, don’t ignore the economy - The Globe and Mail
Jan. 19 2015 | The Globe and Mail | KONRAD YAKABUSKI.

Rather than worrying about whether Ottawa will be slightly in the red or slightly in the black over the next few years, the questions Canadians should be asking are the following: Is a smaller federal government good for the country if it means reduced services and the gutting of federal institutions? And do the Tories have an economic action plan that does not rely on a global commodities supercycle to underwrite growth?
cutbacks  Konrad_Yakabuski  Jim_Flaherty  Ottawa  public_sector  policy  budgets  Joe_Oliver  commodities_supercycle  austerity 
january 2015 by jerryking
Mayor Ford’s dubious budget claims don’t stand up - The Globe and Mail
The Globe and Mail
Published Thursday, Aug. 14 2014

A summary of the report from the University of Toronto’s Institute on Municipal Finance and Governance says flatly that “Toronto does not have a ‘spending problem’ – with expenditures roughly the same as they were a decade ago, when inflation and population growth are taken into account.”....To put it another way, the authors believe that the city has a revenue problem, not a spending problem. The mayor did not mention that “interesting point” when he used the report to tout his record.
Marcus_Gee  Rob_Ford  Toronto  cost-cutting  uToronto  expenditures  budgets 
august 2014 by jerryking
Blair’s ouster is a chance to pursue real change in policing - The Globe and Mail
The Globe and Mail
Published Friday, Aug. 08 2014

“Canada’s police are pricing themselves out of business,” writes analyst Christian Leuprecht in a recent paper for the Macdonald-Laurier Institute. “Police budgets have increased at a rate double that of GDP over the last decade, while calls from the public for service have remained stable.” Nearly 40 per cent of Toronto Police Service’s work force shows up on the “sunshine list” of public employees making over $100,000.

He notes that many of the duties performed by police do not require an armed, highly trained uniformed officer. One U.S. study he cites showed that only 5 per cent of calls required police to use some kind of force to ensure the safety of the public or the officer.

“Many of the duties that police perform,” Prof. Leuprecht writes, “can be performed as effectively and efficiently by non-sworn members, special constables, community safety officers, or private security companies.” In Britain, where the law now allows police to send community-support officers to escort prisoners and even investigate minor crimes, civilians outnumber sworn officers in some police forces.

Introducing such sharp change in Toronto would not be easy. Police commanders and union leaders naturally resist seeing their duties handed to other, less-trained workers. Although much police work these days may indeed by a kind of social work, those like Mr. McCormack argue that police often find themselves in dangerous situations and that shootings and stabbings are still unfortunately commonplace on the streets of the city.
Marcus_Gee  Bill_Blair  civilian_oversight  budgets  cost-cutting  Toronto_Police_Service  Toronto_Police_Services_Board 
august 2014 by jerryking
Wynne’s Ontario can no longer afford to ignore fiscal reality - The Globe and Mail
The Globe and Mail
Published Saturday, Jul. 05 2014,

Now, having systematically fled from reality before and during the election, and having been rewarded handsomely for this evasion, Ms. Wynne and her government face the difficult task of beginning to tell the truth. This volte-face is always hard for a government that lives and dies by what pollsters tell politicians that voters want to hear, rather than by what they need to hear.

Squaring the circle of Ontario’s deteriorating fiscal situation with the expansionist Liberal budget will require spending restraint of a kind for which the party did not prepare the electorate, because the spending restraint will have to be tighter than anything the Liberals imagined.
Jeffrey_Simpson  Kathleen_Wynne  Ontario  deficits  budgets  credit-analysis  credit-ratings 
july 2014 by jerryking
Where are the jobs? Without good stats, it’s bad data in, bad policy out - The Globe and Mail
The Globe and Mail
Published Wednesday, Jun. 11 2014

The latest revelations of Ottawa’s cost-cutting on labour market data come as no surprise. This Conservative government has a solid track record of sacrificing information for budget cuts. The long-form census, Statistics Canada and Canada’s environmental libraries have all fallen victim to the government’s red pen. Frustratingly, these funding cuts only seem to come to light after they’ve been carried out.
data  budgets  Conservative_Party  Canada  Don_Drummond  cost-cutting  labour_markets  Statistics_Canada  policymaking  budget_cuts 
june 2014 by jerryking
Subways for riders, not voters - The Globe and Mail
The Globe and Mail

Published Tuesday, Oct. 29 2013,

To govern is to choose, and to choose poorly is to govern badly. A public dollar spent in one place means a dollar less to spend anywhere else. Money squandered over here spells belt-tightening over there. Welcome, friends, to the saga of Toronto public transit....Some of the transit problems have to do with a simple lack of public spending on transit. But a lot of what’s ailing the GTA is about what’s been done within the budget envelope. There have been so many completely wrongheaded spending decisions. And they’ve been motivated by transit politics, not transit economics....

In the 1970s, a subway was driven up the centre of the low-density Allen Expressway. A few years later, provincial industrial policy foisted an overpriced, rickety, made-in-Ontario technology onto the Scarborough Rapid Transit line. The nineties brought the Sheppard subway; transit in the centre of Toronto groans from an excess of demand, in part because so many precious public dollars were sunk into a subway whose ridership is lower than the busiest downtown streetcar route. Governments – municipal, provincial and even federal – time and again pushed for big-ticket projects that impress a desired group of voters far more than they serve real transit users.
editorials  Toronto  politics  transit  policy  misrule  mismanagement  decision_making  Octothorpe_Software  public_transit  public_spending  budgets  budgeting  choices  transit_politics  transit_economics 
october 2013 by jerryking
Forget the budget numbers. Tell a story - The Globe and Mail

The Globe and Mail

Published Wednesday, Mar. 13 2013
Don_Drummond  storytelling  budgets 
march 2013 by jerryking
Five key questions for assessing your consultants
May 2, 2011 | Hill & Knowlton Canada | Daniel Goodwin.

1. How have you helped me achieve my business objectives?
2. How have you helped me manage my budget?
3. What did you teach me to help me do my job better?
4. What did you learn from me so you can serve me better in future?

5. What can we do to improve working together?
management_consulting  budgets  assessments_&_evaluations 
october 2011 by jerryking
Report proposes $17-million in cuts for libraries -
Oct. 13, 2011 | The Globe and Mail | elizabeth church AND patrick wh

Less than a month after Toronto city council spared library branches from the chopping block, more than $17-million in cuts are on the table, including reduced Sunday openings, fewer weekday hours, less spending on collections and the elimination 100 full-time jobs.

The money-saving measures are in a report by Toronto’s head librarian in response to a demand for a 10-per-cent reduction in all city operations for next year. The report will be considered next week at the first meeting of the library board since the appointment of eight new members. It stops short of recommending all the cuts, instead proposing the board back $9.7-million in savings, or about 5.7 per cent of the amount requested.
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To meet the 10-per-cent target, the chief librarian says in the report that the board would have to consider an additional $7.3-million in added belt-tightening, which would include eliminating Sunday service at eight branches, and summer closings at the remaining 19.
libraries  cutbacks  austerity  Toronto  Elizabeth_Church  budgets 
october 2011 by jerryking
Toronto takes tough service cuts off the table after all-night meeting - The Globe and Mail
adrian morrow AND elizabeth church
Globe and Mail Update
Published Monday, Sep. 19, 2011
cutbacks  austerity  Toronto  Rob_Ford  budgets 
september 2011 by jerryking
Toronto’s 22-hour council meeting ends with one message: don’t cut anything - The Globe and Mail
Globe and Mail Update
Published Friday, Jul. 29, 2011
Toronto  cutbacks  budgets 
july 2011 by jerryking
String of deputants address Toronto budget-cuts meeting - The Globe and Mail
Adrian Morrow AND Elizabeth Church
Globe and Mail Update
Published Thursday, Jul. 28, 2011
Toronto  Rob_Ford  cutbacks  KPMG  budgets 
july 2011 by jerryking
Why We're Fasting -
March 29, 2011 | NYT | by MARK BITTMAN who stopped eating on
Monday and joined around 4,000 other people in a fast to call attention
to Congressional budget proposals that would make huge cuts in programs
for the poor and hungry.
poverty  Mark_Bittman  solidarity  fasting  budgets 
march 2011 by jerryking
A Night's Sleep, Ultracheap
JANUARY 23, 2006 | Business Week | Pete Engardio
Tata  C.K._Prahalad  hotels  budgets  low-income 
december 2009 by jerryking
Cut $25-million, city managers told
Friday, Oct. 23, 2009 | The Globe & Mail | by Jennifer
Lewington. "In a move that signals tough budget choices ahead for
Toronto in 2010, city officials have been told to trim up to $25-million
in spending before the end of this year,"
Toronto  city  cutbacks  Jennifer_Lewington  budgets 
october 2009 by jerryking Welfare costs muddy Toronto's economic forecast
February 10, 2009 G&M article by Jennifer Lewington on the
negative role that the escalating welfare caseload is playing on
Toronto's budget.
Toronto  economic_development  welfare  economic_downturn  Jennifer_Lewington  budgets 
february 2009 by jerryking

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