Winnipeg Free Press Newspaper Archives May 4 2015, Page 17

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Winnipeg Free Press (Newspaper) - May 4, 2015, Winnipeg, Manitoba C M Y K PAGE B5 winnipegfreepress. com BUSINESS WINNIPEG FREE PRESS, MONDAY, MAY 4, 2015 B 5 In the heart of the new Exchange Waterfront District! These brand new customizable, concrete commercial spaces, range from 800- 3050 sq. ft. and are the perfect home for your business! 204- 770- 6455 Claude Davis or Frank Cianflone Royal Lepage Dynamic Real Estate 25 AMY STREET COMMERCIAL SPACES OWN YOURS NOW STARTING AT $ 159K MySky. ca .. LEASE/ SALE 8 3 6 E L L I C E ( West of Arlington) 5568 sq ft on 3 floors, Includes finished basement Brenlee Werner -- 204- 943- 2244 Or Hart Mallin -- 204- 999- 8168 Joe Pereira COLDWELL BANKER REALTY www. joepereira. com joe. pereira@ shaw. ca 204.227.4756 COMMERCIAL SERVICES Call Today for a Courtesy Evaluation • Over 22 years as a Realtor • M. L. S. Member • Commercial Division Member • M. L. S. Gold Award Winner New listings weekly @ www. joepereira. com www. colliers. com Colliers International Chris Cleverley ccleverley@ colliers. mb. ca Gary Goodman ggoodman@ colliers. mb. ca 204.943.1600 .. Entire building available ( 25,600 SF) .. Beautifully developed modern office space with abundant natural light .. 30 + private offices, 18 work stations, large boardroom .. Meeting rooms, fully equipped kitchen, gym .. Excellent on- site parking .. Very attractive sublease rates FOR SUBLEASE 50 FULTZ BOULEVARD WWW. DTZWINNIPEG. COM 204 928 5000 • (+/-) 1,110 sf & 2,088 sq ft • New construction • Beautiful lobby area • Pylon signage available & excellent exposure • Large windows and plenty of natural light • Main floor units Lease Rate: $ 22.00 psf net Cam& Tax: $ 8.99 psf ( est. 2015) 600 ST. ANNE’S ROAD, WINNIPEG, MB Tyson Preisentanz tyson. preisentanz@ dtzwinnipeg. com 204 928 5002 OFFICE SPACE FOR SUB- LEASE TWO UNITS AVAILABLE Prime Locations FOR LEASE Details at www. DAAD. CA Call Cell 204- 996- 1545 or 204- 788- 1545 Agents Welcome Polo Park Area MADISON ST. & ST. MATHEWS AVE. Great Location at affordable rates in Winnipeg’s largest destination district Multiple office/ warehouse/ retail spaces From 2,400 sq. ft. to 5,000 sq. ft. Commercial Properties & Investments Commercial Properties & Investments An example of this effect can be seen in Winnipeg’s Waverley West area. As the development has grown, larger roads and more infrastructure has been built to accommodate rising traffic levels. The faster commute times have spurred development to sprawl even farther out with more suburbs and growing bedroom communities beyond the Perimeter Highway. The result has been an increase in traffic volumes and driving distances to the point where there is now pressure to spend billions of dollars to once again increase capacity in response. The proposed Kenaston and Waverley projects are a product of this demand. If the roads are enlarged, development will spread even farther out and the unwinnable, never- ending cycle will continue. The detrimental effects of this lower density, sprawling growth goes well beyond traffic congestion and is the cause of our rising taxes and lower civic services. The law of congestion is a counterintuitive idea that is easy to dismiss, but the concept has gained acceptance in many cities that have successfully enacted policies to limit road expansion. Cities such as New York, San Francisco, Portland, Ore., Milwaukee and Seattle have all begun demolishing freeways, replacing them with smaller, more human- scale streets. They are finding the resulting traffic congestion is no worse than it was previously and in many cases, it is better. Smaller streets have been found to provide even greater capacity, as slower speeds allow a higher vehicle concentration on the roads. A common lament is if only Winnipeg had freeways such as in American cities, all our traffic problems would be solved, yet the most intense traffic congestion most of us have ever experienced has been on one of those freeways in another city. Lewis Mumford, a prominent American urban theorist, said in 1955, “ People, it seems, find it hard to believe that the cure for congestion is not more facilities for congestion.” Six decades later, cities such as Vancouver are taking this idea to heart and redesigning their traffic systems in more progressive ways by prioritizing pedestrians, cyclists, public transit and smaller street systems. These choices are resulting in cities that are less dependent on cars, safer, healthier, more economically sustainable with less urban sprawl and more vibrant neighbourhoods. Before we in Winnipeg spend billions of dollars on new road construction, we might look to the experience of larger, faster- growing cities, consider it may not be possible to build our way out of traffic congestion and ask ourselves whether bigger roads and sprawling suburbs create the type of city we want in the future. Brent Bellamy is senior design architect for Number Ten Architectural Group. bbellamy@ numberten. com Roads Continued from B 4 WINNIPEG CHEAP SKATE As Winnipeg’s self- proclaimed biggest cheapskate, Jeremy Bradley has been cutting costs and looking for creative ways to save money. Bradley, a syndicated radio host and entertainment reporter, is author of The Official Guide to Being a Winnipeg Cheapskate . He joins the Free Press Business section as an occasional video columnist. THIS WEEK’S TIP: Our lives are consumed by gadgets and technology, but they are likely to have issues and glitches that can really mess up your day. Sometimes it is an easy — and free — fix. Other times, it could mean you need to pay to get things straightened out. Is paying for technical support always worth it? Depending on the problem, the answer could be as simple as doing a search online. But there are other ways to get around paying for technical support. In this week’s Winnipeg Cheapskate video, I give you some tricks to free fixes for your favourite devices. Check out the video at winnipegfreepress. com. . Check out the rest of his tips and tricks. Have you ever wondered why “ cheap” isn’t on the Welcome to Winnipeg sign? It should be. IT’S WHAT WE’RE KNOWN FOR. ¥ See video at winnipegfreepress. com L ONDON — During a lifespan of 321 years, the Old Lady of Threadneedle Street has treasured her dignity. So at the Bank of England, to use her proper title, where the doormen still wear pink tailcoats and top hats, traditionalists can be excused for raising an eyebrow at the antics of Mark Carney. “ Nespresso. What else?” the governor joked to staff in an internal video at the end of 2014, as he sipped coffee and joked about his resemblance to the actor George Clooney, who fronts ads for the brand. Carney stands out from his 119 predecessors in other ways: He’s the first foreigner to run the BOE, and previously led Canada’s central bank. The former Goldman Sachs investment banker was hired on a salary of 480,000 pounds ( C$ 900,000), plus a 250,000- pound ( C$ 460,000) housing allowance, compensation prior governors could only dream of. Now, after spending almost two years revamping every corner of the organization, the task for Carney, 50, is increasingly becoming one of securing his legacy. That entails navigating the political minefield of a likely inconclusive election, ending six years of record- low interest rates and protecting the BOE’s reputation amid a criminal probe. He has until mid- 2018 to do all that, having said he’ll serve just five years out of the eight offered with the role. “ It’s probably a good thing that from time to time, every 10 to 20 years, a senior outsider is brought in and the tree is given a good shake,” said Tony Yates, a former BOE official who left shortly before Carney joined in July 2013. “ He’s done all this institutional reform, but one of the biggest risks is that the monetary policy committee leaves interest rates too low for too long, or raises them too early.” Hired after a cloak- and- dagger courtship by Chancellor of the Exchequer George Osborne, Carney’s arrival stirred a media buzz: His ride on the tube on his first day and attendance at a music festival with his wife, Diana, were newspaper fodder. But on monetary policy, Carney initially stumbled. He persuaded colleagues to employ a tool he first used in Canada, to link a pledge for low interest rates with labour- market data. Too soon, a jobs recovery was underway that required the BOE to recast his so- called forward guidance policy or risk stoking expectations of higher borrowing costs. Yates, who teaches economics at Bristol University in England, found the whole episode “ horribly botched.” “ Having decided that unemployment was a good thing to look at, unemployment behaved in a different way, as things do,” says Kate Barker, who was a BOE policy- maker until 2010. A BOE spokesman said Carney’s policy gave clarity on interest- rate prospects to both consumers and businesses. Less publicly controversial was Carney’s approach to institutional change. Taking over the BOE shortly after it regained a role as a banking supervisor, he soon discovered an organization described by its own staff as “ hierarchical” and “ slow- moving,” with more than 70 decision- making committees. In March 2014, he unveiled a shakeup assisted by a consulting firm that fused departments, created a new management layer and came up with a slogan that was soon on computer screen savers throughout BOE offices: “ One Bank.” Little has been left untouched in his whirlwind of change, from market operations to rate- meeting schedules. Last summer, the unthinkable happened at the BOE’s annual staff sports day: There was no cricket match. Officials at the BOE, speaking anonymously, describe Carney as bringing a more private- sector approach to management, combined with an openness to opinions — as he showed on whether or not to play cricket. Easing the blow for the old guard has been his trademark charm. “ He has managed the transition from the Bank of Canada to the Bank of England remarkably well and he has a good understanding of political processes,” says Bundesbank president Jens Weidmann, a colleague at the Financial Stability Board and at Group of Seven meetings. “ On top of that, he is a very sympathetic and humorous person.” Observers of Carney also note a flip side: a temper that can come out of the blue. What Carney’s changes at the BOE haven’t done is erode the governor’s central role. The bank’s structure now concentrates decision- making on four deputy governors and Charlotte Hogg, the chief operating officer. That structure is known internally as GovCo, and was reflected in another part of the end- of- year video: the deputies’ heads superimposed on a sing- along to Pharrell Williams’s Happy . Less happy for Carney have been legal distractions. Last year, the BOE fired its chief currency dealer, Martin Mallett, for internal policy violations amid a review into currency rigging, and it now faces a criminal probe into moneymarket auctions during the financial crisis. Neither the BOE nor Carney commented on this story. Carney raised more than C$ 125,000 in sponsorship for the London Marathon April 26. Even his result illustrates a man in a hurry: He finished the 26.2- mile course in just 3 ½ hours, coming 6,500th out of more than 37,500 runners. One European central banker who knows Carney well says his mistake so far has been to limit his tenure. When the time comes, Carney may decide to stay at the BOE, Charles Goodhart said. “ He initially said five years because he had at the back of his mind perhaps returning to Canada, but I think the likelihood of him being able to step into a major role in Canada after five years in the U. K. may be less easy for him than he may hope.” — Bloomberg News Carney’s charm rattles stodgy Bank of England Former Canadian governor shakes up institution By Scott Hamilton KIRSTY WIGGLESWORTH / THE ASSOCIATED PRESS Mark Carney, governor of the Bank of England, holds his medal after finishing the London Marathon on April 26. B_ 05_ May- 04- 15_ FP_ 01. indd B5 5/ 3/ 15 8: 15: 10 PM

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