Accommodations
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Thursday April 25, 2013

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Ted Talks

How much does a video weigh?

What color is a mirror? How much does a video weigh? Michael Stevens, creator of the popular educational YouTube channel Vsauce, spends his day asking quirky questions like these. In this talk he shows how asking the right -- seemingly silly -- questions can make incredibly effective lessons.

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Xquarterly

Open Text Announces Quarterly Dividend Program

WATERLOO - Open Text Corporation announced its financial results for the third quarter ended March 31, 2013. • Total revenue for the period was $337.7 million, up 16% Y/Y
• License revenue was $69.0 million, up 13% Y/Y
• Cloud services revenue was $44.4 million
• Non-GAAP-based EPS, diluted was $1.26 compared to $1.01 Y/Y, up 25% Y/Y; GAAP-based EPS, diluted was $0.44 compared to $0.59 Y/Y (2)
• Non-GAAP-based income from operations was $90.4 million and 27% of revenues; GAAP-based income from operations was $40.9 million and 12% of revenues (2)
Operating cash flow was $116.8 million compared to $96.6 million Y/Y, up 21% Y/Y, with an ending cash balance of $446.9 million.

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Wage Gap

Study Reveals How Men and Women Stack Up in Highest Paid Occupations

CHICAGO – A new study from CareerBuilder and Economic Modeling Specialists Intl (EMSI) underscores the continued wage gap in the U.S. On average, men earn $68,300 annually compared to $44,400 for women, and there continues to be a lower percentage of women in the nation’s highest-paying occupations.

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Unions Disrupt our Quality of Life

LCBO long weekend strike threat shows it's time for modernized alcohol retailing in Ontario

TORONTO - The Victoria Day long weekend strike deadline by LCBO workers is prompting Ontarians to take a closer look at expanding alcohol retailing in the province, says the Ontario Convenience Stores Association (OCSA). The strike would effectively shut down much of the retail sale of alcohol in the province.

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Xquarterly

Brick Brewing Momentum and Performance Continues Resulting in Record EBITDA

KITCHENER - Brick Brewing Co. Limited released its financial results for the fourth quarter and year ended January 31, 2013. The Company achieved a record annual EBITDA of $4.49 million on revenue of $35.8 million.

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Skill and Ability

It's Who You Know

Quality Trumps Quantity for IT Professionals When Networking

TORONTO - The more business acquaintances you have, the merrier you might be. But the quality of those contacts has a bigger impact on your career success, a new Robert Half Technology survey of information technology (IT) professionals suggests. Sixty-three percent of IT workers polled recently rated the quality of their professional network as "very important" to their overall career success, compared to 46 percent who felt the same way about the size of their network.

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Bird Flu

Study finds that H7N9 flu virus transmits from birds to humans, but no evidence of person-to-person transmission

New York - Scientists in China have confirmed for the first time that the influenza A H7N9 virus has transmitted from birds—specifically, chicken at a wet poultry market—to humans, according to an Article published Online First in The Lancet.

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Recognition

8th Annual County of Wellington Volunteer Appreciation Awards Recipients

Guelph - The Volunteer Centre of Guelph/Wellington, in partnership with the County of Wellington, announced the recipients of the eighth annual County of Wellington Volunteer Appreciation Awards.

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Pension

Ontario Teachers' Pension Plan completes acquisition of SeaCube Container Leasing Ltd.

TORONTO - Ontario Teachers' Pension Plan (Teachers') announced it has completed the acquisition of SeaCube Container Leasing Ltd. (SeaCube) following approval of the transaction by shareholders of SeaCube at a special general meeting held on April 23, 2013.

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Rates Extended

Linamar Extends Credit Facility

GUELPH - Linamar Corporation announced that it has amended and restated its revolving credit facility to take advantage of current market pricing and to extend the facility a further three years.


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Competition

National science competition for kids at Waterloo this week

WATERLOO - More than 200 grade-school students from across Waterloo Region will test their scientific knowledge in an annual national science competition at the University of Waterloo this Friday.

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Growth

Canadian Manufacturers Optimistic About Business Growth in 2013

Manufacturers cite skilled workforce shortage, cost control and investing in new equipment as top challenges for the year ahead

Toronto – Canadian manufacturers are expecting business activity to increase in 2013 despite some uncertainty in the economy, reports a recent survey by the Society of Manufacturing Engineers (SME), producer of the Canadian Manufacturing Technology Show (CMTS) 2013, to be held at The International Centre, September 30 to October 3.

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Health

Study shows drinking one 12oz sugar-sweetened soft drink a day can increase the risk of type 2 diabetes by 22%

New York - Drinking one (or one extra)* 12oz serving size of sugar-sweetened soft drink a day can be enough to increase the risk of developing type 2 diabetes by 22%, a new study suggests. The research is published in Diabetologia (the journal of the European Association for the Study of Diabetes) and comes from data in the InterAct consortium**. The research is by Dr Dora Romaguera, Dr Petra Wark and Dr Teresa Norat, Imperial College London, UK, and colleagues.

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Outside

Three Grand River Parks ready for trout season

GRand River - Trout fishing season opens on Saturday and three Grand River Parks are ready for anglers.

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Arts & Culture

Bugs Bunny at the Symphony returns to the KWS

Kitchener/Waterloo - Back by popular demand, Bugs Bunny at the Symphony is a spectacular fusion of classic Warner Bros. Looney Tunes projected on the big screen accompanied by the Kitchener-Waterloo Symphony (KWS) performing live. Creator George Daugherty conducts the KWS in this 20th Anniversary concert featuring Carl Stalling and Milt Franklin’s exhilarating original scores on Thursday, May 16 at 7 pm at the Centre In The Square in Kitchener.

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First Nations

Western researchers confirm pine bark extract could reduce cataract risk

London - A winter after discovering Canada for France, Jacques Cartier's exploration crew started suffering and dying from the dreadful scurvy disease in 1535. But thanks to an Iroquoian healer, they were miraculously cured by a tea made from pine bark.

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Community

Youth Forum 2013: An Opportunity for Kitchener Youth to Create Positive Change in the Community

KITCHENER – Members of Kitchener City Council and volunteers from Compass Kitchener and the Rotary Club of Kitchener welcomed over 60 students from Resurrection Secondary School’s civics classes to the 2013 Youth Forum at Kitchener City Hall.

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Associations

CGA-Canada Re-Enters Unification Talks with CPA Canada

Significant majority of CGA affiliates signal intention to unite the Canadian accounting profession

VANCOUVER - The Certified General Accountants Association of Canada (CGA-Canada) has returned to talks aimed at unifying the accounting profession in Canada under the Chartered Professional Accountants (CPA) banner.

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Alert News

Humanitarian Headlines

Thomson Reuters - The top humanitarian headlines this week include: earthquake kills nearly 200 people in China, Myanmar authorities accused of aiding killings of Muslims and WHO to adopt an action plan to address mental health disorders

EVENTS

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Family Business

Two Approaching Events for the Centre for Family Business

Waterloo Region - CFFB’s April Breakfast Seminar Collaborative Innovation: New Value Creation for Competitive Advantage—Join us for this educational session as Brett Richards of Connective Intelligence shares many thoughts and insights into the critical link between thinking, leadership and collaborative innovation.For more information and to register go to www.cffb.ca.

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