Sex work is (NOT) work!
I saw a trend on Twitter the other day that said sex work is work! I of course, had to check into why this was trending and what was being said because, I have to strongly disagree that sex work is work.
I don't care how long being a sex worker aka hooker, prostitute, etc... has been around. It's NOT
work! It's not a career or a "job." I don't know how anyone can say that it is. It's not like your child wakes up one day and says I want to be a hooker when I grow up like they do wanting to be a doctor, lawyer, firefighter, etc... Most people who end up in the sex worker trade do so because they're forced into it one way or another; either because they're homeless, runaways, addicted to some kind of drug, forced into the sex trade, or something else. It's not something someone wakes up and decides they want to do for a living. Here is a history of prostitutes: Italian courtesans knew freedom like no other prostitutes of the Renaissance period. While most women during this time were only truly able to educate themselves if they were sent to a convent, courtesans were able to study freely.Furthermore, courtesans were able to obtain the same security and stability as married women, and, unlike married women, they were actually able to embrace their sexuality.Widely considered the best educated and most cultured women of their time, these women were able to hold philosophical conversations and discuss poetry with their clients, in addition to providing sex services. Their influence became so great that they were actually able to affect politics by sharing their views with the politicians among their clientele.Contrary to popular belief, Japanese geishas were not actually solicited for sex (instead, they were entertainers and hostesses). To mistake a geisha for a prostitute was thought to be an incredibly shameful and dishonourable transgression. On the other hand, oiran, or “play women,” were in fact sex workers.Oiran were the highest ranked prostitutes during Japan’s Edo period (early 1600s-mid 1800s)—during which time prostitution was allowed. Considered skilled enough to entertain nobles, oiran often used extremely formal language and utilized elaborate costuming for their entertainment.Since they were able to escape the heavy patriarchal hand that often affected married women, these prostitutes were able to maintain their own power and influence without any hindrance.Throughout history, prostitutes have not exclusively been women–as seen, for example, in the Turkish bathhouses of the Ottoman Empire. With the rise of these bathhouses in the 15th century, young boys known as tellaks would help to bathe and massage their male clients, and even service them sexually.Even though sodomy was illegal during this time, tellaks would find other ways to pleasure their customers and sometimes form close relationships with them. They were even allowed to keep all the money they earned and would be well compensated for any services they provided.India’s complex history of prostitution
has, at one time or another, featured around nine different tiers of sex workers. At the bottom, you’d find devadasis, originating from the untouchable caste.Unwillingly sold by their parents at ages as low as four, these women are forever pledged to the goddess of fertility, Yellamma. As they’re unable to marry mortal men, they work until they’re no longer considered young and attractive, and are cast out to live the remainder of their lives as beggars.At the highest tier were the ganika. Masters of 64 types of performing arts, ganika had an extensive knowledge of music, painting, theatre, and poetry.Whereas common prostitutes found themselves residing within overcrowded brothels, these elite courtesans took residence in well-furnished homes and even had their own servants. Since they stood as women of not just beauty, but refined intellect and skill, they were respected enough to be brought to public functions, such as festivals and parties.Of all the women in Greece’s long history of prostitution, none were held to such high standards as the auletrides. During a time when sex services were taxed by the state, auletrides were skilled in more than just the art of sexual pleasure. Many proved themselves to be not only accomplished singers and dancers, but even gymnasts and fencers.When hired out to entertain private parties and meetings, these women could end up earning the modern equivalent of several thousand dollars with just a single evening’s worth of work. Overall, they were able to find a respectable place within their culture and even found themselves featured in countless works of art and literature.In present-day America, Nevada is the only state that legally allows prostitution, within designated locations. One such brothel, the Moonlite BunnyRanch, has proven to be a fair and decent place for sex workers to earn their living.Not only are there strict rules stating that men must be using latex condoms during any sexual activity, STD tests are administered weekly to each of the 500 women licensed to work at the brothel.Drug use is strictly forbidden within the premises and any sexual limits set by the women are to be strictly followed by their customers. On top of it all, many of the women are in charge of creating their own marketing databases and even handle promoting themselves online.Prostitution in present day, Canada; Current laws on sex work
, introduced by the Conservative government in 2014, make it illegal to purchase or advertise sexual services and illegal to live on the material benefits from sex work
). Although it is legal to sell sexual services, in some cases it is illegal to solicit in public areas.It is the first time in Canadian history that the exchange of sexual services for money is made illegal. The Canadian Department of Justice
, claims that the new legal framework "reflects a significant paradigm shift away from the treatment of prostitution as 'nuisance', as found by the Supreme Court of Canada in Bedford
, toward treatment of prostitution as a form of sexual exploitation that disproportionately and negatively impacts on women and girls". Many sex workers' rights organisations, however, argue that the new law entrenches and maintains harm against sex workers since sex workers are still committing a crime, albeit there is an immunity from arrest for material benefits and advertising.The new laws came in response to the Canada (AG) v Bedford
_v_Bedford) ruling of the Supreme Court of Canada
, which found to be unconstitutional the laws prohibiting brothels
, public communication for the purpose of prostitution and living on the profits of prostitution. The ruling gave the Canadian parliament
12 months to rewrite the prostitution laws with a stay of effect so that the current laws remain in force. Amending legislation came into effect on December 6, 2014, which made the purchase of sexual services illegal. There has long been a general agreement that the status quo
was problematic, but there has been little consensus on what should be done. There is an ideological
disagreement between those who want to see prostitution eliminated (prohibitionism), generally because they view it either as an exploitative or unacceptable part of society, and those advocating decriminalisation
because they view sex workers as having agency and prostitution as a transaction; they also believe prohibition encourages the exploitation of sex workers by denying them legal and regulatory protections. The term "sex work" is used interchangeably with "prostitution" in this article, in accordance with the World Health Organisation (WHO 2001; WHO 2005) and the United Nations (UN 2006; UNAIDS 2002). The Conservative majority Government of Canada, however, was committed to a prohibitionist position, as was laid out in its new legislation introduced in 2014.While the act of exchanging sex for money has been legal for most of Canada's history, the prohibition of the activities surrounding the sex trade
has made it difficult to practise prostitution without breaking any law. This is the first time that the exchange of sexual services for money is made illegal.Canada inherited laws from the United Kingdom
. The first recorded laws dealing with prostitution were in Nova Scotia
in 1759. Following Canadian Confederation
in 1867, the laws were consolidated in the Criminal Code
) in 1892. These dealt principally with pimping, procuring, operating brothels and soliciting. Most amendments to date have dealt with the latter; originally classified as a vagrancy
offence, this was amended to soliciting
in 1972, and communicating
in 1985. Since the Charter of Rights and Freedoms became law, the constitutionality of Canada's prostitution laws have been challenged on a number of occasions, successfully so in 2013, leading to a new legislative approach introduced in 2014.Before the provisions were struck down, the Criminal Code made the following unlawful:
- owning, managing, leasing, occupying, or being found in a bawdy house, as defined in Section 197 (Section 210) declared invalid by the Ontario Court of Appeal, March 2012.
- transporting anyone to a bawdy house (Section 211)
- procuring (Section 212)
- Living on the avails of prostitution declared invalid by the Ontario Court of Appeal, March 2012, except in circumstances of exploitation
- paying for sex with anyone under the age of 18 (Section 212)
- communication in a public place for the purposes of prostitution (Section 213)
- and transporting someone for the purpose of exploiting them or facilitating their exploitation (Section 279). This does not specify for any particular purpose, such as sexual exploitation
On March 26, 2012, the Ontario Court of Appeal struck down part of two provisions, subject to appeal, and the declaration is not in effect. An appeal was lodged with the Supreme Court of Canada
on April 25, 2012, including an extension of the stay in effect. Lawyers for the respondents pointed out that the last minute appeal left them little time to respond. The activities related to sex work that are prohibited by law include operating a premises (sexual services establishment or brothel
) where such activities take place, being found in such an establishment, procuring
) for such purposes, and communicating such services (soliciting
) in a public place, making it difficult to engage in prostitution without breaking any law. Automobiles are considered public spaces if they can be seen. On the other hand, working as an independent sex worker and private communication for such purposes (telephone, internet, e-mail, etc.) is legal. This ambivalence can cause confusion leading to one judge referring to the laws as 'Alice-in-Wonderland' and the Chief Justice of the Supreme Court referred to the situation as "bizarre":
We find ourselves in an anomalous, some would say bizarre, situation where almost everything related to prostitution has been regulated by the criminal law except the transaction itself. The appellants' argument then, more precisely stated, is that in criminalizing so many activities surrounding the act itself, Parliament has made prostitution de facto illegal if not de jure illegal., per Dickson CJ at page 44
The legal situation has also been challenged in the rulings of two courts in Ontario in Bedford v. Canada
are sex worker activists Terri-Jean Bedford, Amy Lebovitch, and Valerie Scott—which described the laws as 'ancient' and emphasised that the purpose of the laws was not to eradicate prostitution but to mitigate harms emanating from it: "We are satisfied that the challenged provisions are not aimed at eradicating prostitution, but only some of the consequences associated with it, such as disruption of neighbourhoods and the exploitation of vulnerable women by pimps." OCA at 169In a dissenting opinion (2:3) regarding the potential harm of the laws, the appellate justices wrote:
The 1985 addition of the communicating provision to the existing bawdy-house and living on the avails provisions created an almost perfect storm of danger for prostitutes. Prostitutes were first driven to the streets, and then denied the one defence, communication, that allowed them to evaluate prospective clients) in real time. OCA at 364
'Prostitution' is not defined in Canadian statute law
, but is based on case law
which deems that three elements are necessary to establish that prostitution is taking place: (i) provision of sexual services, (ii) the indiscriminate nature of the act (soliciting rather than choosing clients), and (iii) the necessity for some form of payment.On October 25, 2012, the Supreme Court of Canada granted leave to appeal and cross-appeal the Ontario Court of Appeal Bedford decision. The court also granted the motion to stay the Ontario Court of Appeal decision until judgement is passed, meaning that the Criminal Code sections at stake were still in force in Ontario. Chief Justice Beverley McLachlan wrote:
These appeals and the cross-appeal are not about whether prostitution should be legal or not. They are about whether the laws Parliament has enacted on how prostitution may be carried out pass constitutional muster. I conclude that they do not. I would therefore make a suspended declaration of invalidity, returning the question of how to deal with prostitution to Parliament.
In a decision dated December 20, 2013, the Supreme Court of Canada struck down the laws in question. They delayed the enforcement of their decision for one year—also applicable to the Ontario sections—to give the government a chance to write new laws. Following the announcement of the decision, Valerie Scott stated in the media that, regardless of the decision, sex workers must be involved in the process of constructing the new legislation: "The thing here is politicians, though they may know us as clients, they do not understand how sex work works. They won't be able to write a half-decent law. It will fail. That's why you must bring sex workers to the table in a meaningful way." In response, Peter MacKay
, the Minister of Justice, introduced amending legislation, C-36, the "Protection of Communities and Exploited Persons Act
" on June 4, 2014, which received first reading
. It came into effect on December 6, 2014.The act is criticized by sex workers who believe that it is worse for their safety than the previous law because it forces the sex industry further underground.
Constitutional and case law
The passage of the Canadian Charter of Rights and Freedoms
in 1982 allowed for the provision of challenging the constitutionality of laws governing prostitution in Canada
in addition to interpretative case law. Other legal proceedings have dealt with ultra vires
issues (whether a jurisdiction, such as a Provincial Government or municipality, has the powers to legislate on the matter).In 1990, the Supreme Court of Canada
upheld the law which bans public solicitation of prostitution, arguing that the law had the goal to abolish prostitution, which was a valid goal. Reference re ss. 193 and 195.1 of Criminal Code, (the Prostitution Reference
),  1 S.C.R. 1123 is a decision of the Supreme Court of Canada on the right to freedom of expression
under section 2(b)
of the Canadian Charter of Rights and Freedoms
, and on prostitution
. The Court held that, although the Criminal Code provision that prohibited communication for the purpose of engaging in prostitution was in violation of the right to freedom of expression
, it could be justified under section 1
of the Charter
and so it was upheld. The majority found, with a 5:2 split and both women dissenting, that the purpose of eliminating prostitution was a valid goal, and that the provision was rationally connected and proportional to that goal. Accordingly, the provision was upheld.In 2010, a decision of the Ontario Superior Court in Bedford v. Canada
_v_Bedford) held that the key provisions of the Criminal Code dealing with prostitution (Keeping a bawdy house; Living off the avails; Soliciting or Communicating for the purpose) were invalid, but a stay of effect was put in place. This was appealed by the crown resulting in a decision by the Ontario Court of Appeal
on March 26, 2012. That court upheld the lower court's ruling on bawdy houses, modified the ruling on living on the avails to make exploitation a criminal offence, but reversed the decision on soliciting, holding that the effect on communities justified the limitation. Two of the five judges dissented from the last ruling, stating that the law on solicitation was not justifiable. The court continued a stay of effect of a further twelve months on the first provision, and thirty days on the second.Both parties had up to sixty days to appeal this decision to the Supreme Court of Canada and on April 25, the federal government stated it would do so. On October 25, 2012, the Supreme Court of Canada agreed to hear the appeal.The Supreme Court also agreed to hear a cross-appeal by sex-trade workers on the Court of Appeal for Ontario's decision to ban solicitation. The Supreme Court of Canada heard the case on June 13, 2013, and overturned all restrictions on sex work, ruling that a ban on solicitation and brothels violated prostitutes' rights to safety.Meanwhile, a related challenge was mounted in British Columbia in 2007, but did not proceed due to a procedural motion by the Attorney General of Canada
seeking dismissal on the grounds of lack of standing
) by the litigants. This was upheld by the BC Supreme Court
in 2008, but successfully appealed in 2010. The Attorney General then appealed this decision of the British Columbia Court of Appeal
to the Supreme Court of Canada who released their decision on September 21, 2012. They dismissed the appeal enabling the case to once again proceed in the court of first instance.The Canadian Centre for Justice Statistics
report Street Prostitution in Canada
(1993) stated that police activity is mainly directed at the street level. Over 10,000 prostitution-related incidents were reported in 1992; 95% communicating offences and 5% bawdy-house and pimping offences.In 1997, they reported a sharp increase in the number of prostitution-related incidents recorded by police for 1995, following two years of decline. Since these are police figures they are just as likely to reflect enforcement rather than actual activity.
The report also stated that in the period 1991-5, 63 known prostitutes were murdered (5% of all women killed in Canada).
Separate reports have not been published since, but included in Crime Statistics in Canada
. Data from the 2007 report show 5,679 offences in 2006 (17/100,000 population), and 4,724 in 2007 (14). This translates into a change in -17.6% between 2006 and 2007, and -27.6% between 1998 and 2007.
The exact number of people in sex work is not known, since this cannot be collected reliably. Estimates vary widely, and should be interpreted with caution.About 10% to 33% of all prostitutes have been estimated to work primarily outside, and are thus more visible.
The 2006 Subcommittee on Solicitation estimated 5-20%.
According to some estimates, most sex workers are young women (average 22-25), who began working between 16 and 20, most are single, and estimates of the number of prostitutes who have children suggest this is between 30-70%. In some field studies, 62% of prostitutes in Vancouver, 50% in Toronto, and 69% in Montréal claimed that they worked for themselves, while the presence and influence of pimps was more extensive in the Maritimes
and on the Prairies. Drug use has been found to vary substantially by region and gender: it is highest in the Atlantic provinces
, lowest in Québec, and appears to be a problem for the men more than the women. However, all these figures need to be interpreted with caution and compared to the general population.
A 1998 poll suggested 7% of Canadian men have paid for sex at least once in their life.
This is much lower than in the United States
, where in 1994, 18% of men stated they had paid for sex
and 15% in 2004.
However, these polls cannot be directly compared because the questions asked in each were not identical.
Nearly all law enforcement of the anti-prostitution laws concerns the people involved in street prostitution, with the other forms of prostitution being virtually ignored. The enforcement generally focuses on the prostitutes, and not on their customers.
Effects of section 213 (communicating)
More than 90% of prosecutions are under section 213 (communicating). Consequently, it has become the target of criticism that, while designed to prevent public nuisance, it ignores public safety. In practice, the communication law has not altered the extent of street-based sex work, but merely displaced it, often to more dangerous locations.
The STAR project showed that relocation to poorly-lit, underpopulated areas reduced unwelcome attention by police and residents but increased the likelihood of 'bad dates'.
Prostitution issues by province
While sex work exists in all cities, one that has received a large amount of publicity is Vancouver
due to poor socio-economic conditions in the Downtown Eastside
, and the murder of a large number of women working in the sex trade, a disproportionate number of whom were aboriginal
. "Body rub parlours" may be establishments in which sex work takes place, which would be illegal under bawdy house and communicating laws. Vancouver's milder climate may favour street prostitution. However sex workers and their support services in Vancouver have been very organised and vocal in responding to media criticisms.
They have an uneasy relationship with the police.
British Columbia has also been the area of Canada where most research has been carried out.The murders of 60+ sex workers, most of whom were Indigenous, from the downtown eastside of Vancouver in the 1990s and subsequent trials focussed national attention on the safety of sex workers under current legislation, which eventually led to court cases
) challenging the constitutionality of those laws. These trials did not focus on the overrepresentation of Indigenous women and girls in street sex and trafficking trade which has been largely attributed to three main root causes: gender inequality, a subordinate place in settler-colonial society, and targeted violence; thus when paired with the racism aimed at the Indigenous population by the settler-colonial society, a violent attitude towards the bodies of Indigenous street workers is accepted. In 2011, a public inquiry into missing and murdered women again drew attention to the interaction between safety and legislation.
It is most likely that Pickton was able to kill those women, specifically because they'd been displaced from the Downtown core in the "stroll" bounded by Helmcken Street north Seymour to Nelson, east to Richards and south to Helmcken Street to the industrial area in the Downtown Eastside.In 2012, a young Victoria
man was convicted on charges relating to the prostitution of a child
online. He was sentenced
) to three years in prison
Prostitution and health
A study was reported as showing that 26% of Vancouver's female sex workers were infected with HIV
, and that Vancouver's overall prevalence of HIV was about 1.21%, six times higher than the national rate. Dr. Patricia Daly, chief medical health officer for Vancouver Coastal Health
, was quoted as saying "Our message has always been that you should assume sex trade workers are HIV positive". This remark was criticised as offensive and inaccurate. Subsequent correspondence showed this figure to be misleading. The data actually represented injectable drug users
attending health services. With more health related problems in middle age groupsSaskatchewan
's HIV problems have received some publicity when health authorities blamed injectable drug users (IDU) and street sex workers in 2009. However HIV is uncommon amongst sex workers unless they are also IDUs and the Regina Street Workers Advocacy Project
was critical of statements that demonised one group.
Prostitution and minors Child prostitution
is illegal, but there are community concerns that it is a growing problem. While expansive claims have been made as to its extent, expert reports conclude that such estimates cannot be relied upon. For instance, a 2002 report of the Justice Institute of British Columbia states that "Because of the illicit nature of commercial sexual exploitation, there is no way to accurately measure the number of children and youth being commercially sexually exploited. Estimates of the number of commercially sexually exploited children and youth in Canada vary greatly."
The Criminal Code was amended in 1988 to include child sexual abuse
, and linking juvenile prostitution to the “procuring” section. In 1995, the Federal-Provincial-Territorial Working Group on Prostitution
stated that these provisions “have been ineffective in bringing customers and pimps of youths involved in prostitution to justice.” They reported that charges under these provisions were rare, and that juvenile prostitutes and their clients continued to be charged under the general summary conviction offence prohibiting street prostitution, as with adults. Enforcement problems resulted from the reluctance of youths to testify against pimps
, and the difficulty of apprehending clients.
📷Entrance of the Queen's Bench of Alberta building (Calgary)Alberta's Child Welfare Act (1997) added the purchase of sex from someone under 18 as child abuse, with fines up to $2,000 and/or six months in jail in addition to Criminal Code penalties. The Protection of Children Involved in Prostitution Act (February 1999) provided that a child wanting to exit prostitution may access community support programs, but if not could be apprehended by police. They could then be confined for up to 72 hours in a protective safe house
, where they can receive emergency care, treatment, assessment and planning. Customers and pimps can be charged with child sexual abuse and fined up to $25,000, 2 years jail or both.However, in July 2000, the law was ruled unconstitutional
. The Provincial Court
determined that it did not respect a child’s legal rights because it lacked the “procedural safeguards” to allow youth the right to answer allegations or seek judicial appeal. But in December the Court of Queen’s Bench
quashed this. Nevertheless, the government had already introduced amendments ensuring that when a child is confined they be informed in writing as to why they were being confined, its duration, court dates and the right to legal representation. The child is also given an opportunity to contact Legal Aid
and that they may request court review of the confinement.Amendments were also made to enable children to receive additional care and support, including extending the confinement period for up to five days and allowing for authorities to apply for a maximum of two additional confinement periods of up to 21 days each.
A 2002 British Columbia Government report
stated that some children end up in prostitution after running away from home, where they may have been victims of physical and/or sexual abuse
. The report cited as causes of commercial sexual exploitation of children
factors such as social isolation; low self-esteem; a dysfunctional family where violence and substance misuse were common; neglect; early sexual abuse or other traumatizing experience; dropping out of school; hidden disabilities, including Fetal Alcohol Syndrome—factors which pushed children into prostitution. Many children had a history of provincial care in a foster or group home, or living on their own, but some youth from well-functioning families had left home after a traumatic event becoming at risk of sexual exploitation once on the street. Some children came from families where prostitution was practised by other members, or from communities where prostitution was common.They found that some children were preyed upon by pimps who may slowly gain their trust, befriend them and provide them with food, accommodation and clothes before hooking them on drugs and alcohol and forcing them into sexual service. However, only a small proportion were found to be controlled in this manner, and older girls frequently introduced younger ones into the trade. Some pimps were considered as boyfriends, the report found. Pimps may use romantic techniques to seduce young girls. Where pimps appeared to be involved in recruitment, they worked in areas where young people congregate such as food courts in malls, community centres and schools, preferring unsupervised venues including fast food restaurants and bus stops but also supervised locations including drop-in programs, group homes, juvenile detention centres, youth shelters and treatment centres.
Runaway children are easily spotted by pimps at the bus and train stations of major Canadian cities.
Human trafficking in persons
In the early 1990s, pressure was building for action on the sexual exploitation of foreign children by Canadian tourists travelling abroad, even though the extent was unknown, leading to the introduction of a number of private member's bills.C-27 (1996) amended s. 7 of the Criminal Code to address this. s. 7(4.1) extended its extraterritorial provisions to 11 sexual and sex-related offences against minors (but does not specify purchase of sex), and applies Canadian law to foreign jurisdictions.Following enactment of C-27 in 1997, the Department of Justice was involved in the development of the United Nations
’ Optional Protocol to the Convention on the Rights of the Child
on the sale of children, child prostitution and child pornography
, and Canada became a signatory in November 2001 (in force as of January 2002). At the same time C-15 simplified such prosecutions which had previously distinguished between prostitution and other forms of sexual abuse.
In 2009, Joy Smith
introduced Bill C-268, An Act to amend the Criminal Code (minimum sentence for offences involving trafficking of persons under the age of eighteen years)
). This Bill amended Section 279.01 of Canada’s Criminal Code to create a new offence for child trafficking with a five-year mandatory penalty. Bill C-268 has received broad support from stakeholders concerned with human trafficking including law enforcement, victims’ services, First Nations representatives, and religious and secular non-governmental organizations. MP Joy Smith worked with her colleagues across party lines to gain support for the legislation. On September 30, 2009, Bill C-268 received near unanimous support from Conservative, Liberal and NDP parties and was passed by the House of Commons, although opposed by the Bloc Québécois. On June 29, 2010, Bill C-268 was granted Royal Assent and became law. The successful passage of a Private Members Bill is rare and it is only the 15th time in the history of the Canada that a Private Members Bill amended the Criminal Code.
Welcome to the first all-time team with former ABA players, the All-Time Brooklyn Nets. The rules are simple as there are only two rules to make this All-Time team. I have to have 2-4 players at each position (no more, no less) and all the players who make these All-Time teams are included for their tenure with that said team. Anyways, onto the All-Time Nets squad! Head Coach: Kevin Loughery (1973-81)
Accolades w/Team: 297-318 Regular Season Record, 21-13 Playoff Record, 2 Finals Appearances, 2x ABA Champion Assistant Coach: Lawrence Frank (2004-09)
Accolades w/Team: 225-241 Regular Season Record, 18-20 Playoff Record Assistant Coach: Byron Scott (2000-04)
Accolades w/Team: 149-139 Regular Season Record, 25-15 Playoff Record, 2 Finals Appearances
PG1: Jason Kidd (2001-08)
Accolades w/Team: 2 Finals Appearances, 5x All-Star, 2x All-NBA 1st Team, 1x All-NBA 2nd Team, 2x All-Defensive 1st Team, 4x All-Defensive 2nd Team
Stats: 14.6 PPG, 7.2 RPG, 9.1 APG, 1.9 SPG, 0.3 BPG
The Nets acquired all-star point guard Jason Kidd in a 2001 trade, which is arguably the greatest trade in Nets history, that sent fellow all-star point guard Stephon Marbury to the Phoenix Suns. During Kidd’s first season as a Net, he took a 26-win team from the previous year and doubled their win total for the 2001-02 season. Kidd thrived as the Nets’ floor general as he averaged 14.7 PPG, 7.3 RPG, 9.9 APG, 2.1 SPG, and placed in second during that year’s MVP voting. Not only did Kidd improve the Nets’ win totals but he also took them to the NBA Finals in 2002 and 2003 as he averaged 19.8 PPG, 8 RPG, and 8.6 APG throughout those two postseasons. Although Kidd and the Nets never reached the NBA Finals after 2003, he still thrived over the next four seasons as he averaged 14 PPG, 7.3 RPG, and 8.8 APG during that period. Even though Kidd was traded to Dallas during the 2007-08 season, he was an exceptional playmaker and all-around point guard with the Nets as he was almost always among the leaders in assists during his seven seasons with the team.
PG2: Bill Melchionni (1969-76)
Accolades w/Team: 3 Finals Appearances, 2x ABA Champion, 3x All-Star, 1x All-ABA First Team
Stats: 12.4 PPG, 2.2 RPG, 6.1 APG, 0.9 SPG, 0.1 BPG
It took a good 11 teams but Bill Melchionni is the first player on any all-time team who spent his tenure with his team while it was still in the ABA. After receiving limited playing time on the 76ers for two seasons and playing in the EPBL, the New York Nets signed Melchionni as a free agent in 1969. Melchionni was such an excellent floor general with the Nets as he placed in second in APG with 5.7 during his first season with the team and led the ABA in APG during each of the next three seasons, averaging 8.1 APG during that span. Melchionni was even named an All-Star in each of the three seasons he led the league in APG as he averaged 17.4 PPG and 2.8 RPG in addition to those 8.1 APG I mentioned earlier. Although he didn’t get a lot of playing time during the championship runs of the Nets in 1974 and 1976, Melchionni was still a very good player in Nets history.
PG3: Kenny Anderson (1991-96)
Accolades w/Team: 1x All-Star
Stats: 15.3 PPG, 3.4 RPG, 7.8 APG, 1.6 SPG, 0.2 BPG
After being drafted second overall by the Nets in the 1991 NBA Draft, Kenny Anderson was drafted to be the future point guard for the franchise. After playing just 17 MPG and scoring 7 PPG as a rookie, Anderson showed improvement in his second season averaging 16.9 PPG and 8.2 APG before a wrist injury ended his season after 55 games. In his third season, Anderson, with teammate Derrick Coleman, made the All-Star team after the Nets tragically lost rising star Drazen Petrovic to an automobile accident in June of 1993, as he averaged 18.8 PPG, 3.9 RPG, 9.6 APG, and 1.9 SPG and helped the Nets win 45 games that season. While he averaged similar stats the next season, Anderson clashed with his coaches along with Coleman as the Nets won 30 games, and Anderson would be traded to the Hornets during the 1995-96 season.
PG4: Brian Taylor (1972-76)
Accolades w/Team: 2 Finals Appearances, 2x ABA Champion, 2x All-Star, 1972-73 ABA Rookie of the Year, 1x All-ABA 2nd Team, 2x All-Defensive 1st Team
Stats: 14 PPG, 3 RPG, 3.7 APG, 2.4 SPG, 0.3 BPG
The second Princeton alumni to make any all-time team, Brian Taylor was drafted by the Nets in the 1972 ABA Draft and thrived in his rookie season with the team as he averaged 15.3 PPG, 3.2 RPG, 2.8 APG, and won that year’s Rookie of the Year award. Taylor was a really good 3-and-D player during his 4-year stint with the Nets as made 2 All-Defensive teams in 1975 and 1976, led the ABA in steals in 1975, and led the ABA in three-point percentage at 42.1% in 1976. Taylor was also a key contributor to two ABA championships with the Nets as he averaged 14.9 PPG, 3.5 RPG, 4 APG, and 2.2 SPG during both championship runs in 1974 and 1976. After the NBA-ABA merger, the Nets sent Taylor with a package to the Kansas City Kings for star point guard Nate Archibald. Although this next fact has nothing to do with Taylor’s time with the Nets, it’s worth noting that he led the NBA in three-point field goals during the first year the three-point line was instituted in the NBA with 90.
SG1: Vince Carter (2004-09)
Accolades w/Team: 3x All-Star
Stats: 23.6 PPG, 5.8 RPG, 4.7 APG, 1.2 SPG, 0.5 BPG
The Nets were off the slow start during the 2004-05 season before they traded for superstar Vince Carter from the Toronto Raptors. In the 57 games he played with the Nets that season, Carter averaged 27.5 PPG, 5.9 RPG, 4.7 APG, 1.5 SPG, and 0.6 BPG and helped the Nets sneak into the playoffs after being ten games under .500 at some point during the season. After that first season with the Nets, Carter continued to make the All-Star team in each of those next two seasons with the team as he averaged 24.7 PPG, 5.9 RPG, 4.5 APG, 1.1 SPG, and 0.5 BPG, and helped lead the Nets to the second round of the postseason in both 2006 and 2007. Although he didn’t make the All-Star team once in his final two seasons with the Nets, Carter still posted averages of 21.1 PPG, 5.5 RPG, 4.9 APG, 1.1 SPG, and 0.5 BPG over that span. Unfortunately, Carter’s production wasn’t enough to help the Nets win many games and they traded him to the Magic in June of 2009.
SG2: Drazen Petrovic (1991-93)
Accolades w/Team: 1x All-NBA 3rd Team
Stats: 19.5 PPG, 2.8 RPG, 2.9 APG, 1.2 SPG, 0.1 BPG
Despite only two-and-a-half seasons with the Nets, the late Drazen Petrovic’s time with the Nets will always be remembered among their fanbase. When the Nets acquired Petrovic in 1991, he was just averaging 11.6 MPG over the past year-and-a-half with the Trail Blazers. During the 1991-92 season, which was Petrovic’s first full season as a Net, he broke out and averaged 20.6 PPG, 3.1 RPG, 3.1 APG, and 1.3 SPG while shooting 44.4% from the three-point line. Petrovic improved even more during his second and final full season with the Nets as he averaged 22.3 PPG, 2.7 RPG, 3.5 APG, and 1.3 SPG while making the All-NBA 3rd Team and 44.9% of his three-point attempts before tragically getting killed in a car accident during June of 1993.
SG3: John Williamson (1973-77, 1978-80)
Accolades w/Team: 2 Finals Appearances, 2x ABA Champion
Stats: 17.8 PPG, 2.5 RPG, 2.8 APG, 1.1 SPG, 0.3 BPG
“Super John” Williamson is often forgotten among the lore of the Nets franchise. After drafted and being waived by the Atlanta Hawks in 1973, the Nets signed him as a free agent and he was solid during his rookie season as he averaged 14.5 PPG, 2.8 RPG, and 3.2 APG, which helped the Nets win their first ABA championship. Williamson was also important during the Nets’ 1976 ABA championship run as he scored 24 in the second half of the series-clinching Game 6 of the ABA Finals which helped them win the whole thing. After the Nets traded Julius Erving before the 1976-77 season, Williamson thrived in his new role with the team, averaging 20.8 PPG, 2.8 RPG, and 2.1 APG, before being traded to the Pacers in the middle of the season. However, he was traded back to the Nets during the 1977-78 season and he averaged 29.5 PPG, 3.2 RPG, and 2.5 APG during the 33 games he played with them that season. He even led the Nets to the playoffs in 1979 as he averaged 22.2 PPG, 2.6 RPG, and 3.4 APG during the 1978-79 season before being traded to the Bullets during the next season.
SF1: Julius Erving (1973-76)
Accolades w/Team: 2 Finals Appearances, 2x ABA Champion, 2x Playoffs MVP, 3x ABA MVP, 3x All-Star, 3x All-ABA 1st Team, 1x All-Defensive 1st Team
Stats: 28.2 PPG, 10.9 RPG, 5.2 APG, 2.3 SPG, 2.1 BPG
Even though we remember Julius Erving as a member of the 76ers, Dr. J is probably the most decorated Nets player in their franchise’s history despite only playing three seasons with the team. Erving was a superstar in the ABA, averaging 29.4 PPG, 14.1 RPG, 4.1 APG, 2.5 SPG, and 1.8 BPG when he was acquired by the New York Nets in a trade during the summer of 1973. The flashy and exciting superstar thrived in his first season with the Nets as he averaged 27.4 PPG, 10.7 RPG, 5.2 APG, 2.3 SPG, and 2.4 BPG, won the ABA MVP, and led the Nets to their first ABA championship in 1974 where he averaged 27.9 PPG, 9.6 RPG, 4.8 APG, 1.6 SPG, and 1.4 BPG during that postseason. Erving’s stats improved in each of the next two seasons as he averaged 28.6 PPG, 10.9 RPG, 5.3 APG, 2.3 SPG, and 1.9 BPG from 1974-76 which would help him win the ABA’s MVP again in 1975 and 1976. During Erving’s final playoff run as a Net in 1976, he had the greatest forgotten playoff performance as he averaged 34.7 PPG, 12.6 RPG, 4.9 APG, 1.9 SPG, and 2 BPG in 13 playoff games. This included a stat line of 37.7 PPG, 14.2 RPG, and 5.3 APG during the 1976 ABA Finals, where he helped the Nets win in six games over the Denver Nuggets during the ABA’s final few games. Although Erving was traded to the 76ers after the NBA-ABA merger in 1976, he was still basketball’s biggest star from 1973-76 as a member of the Nets, and I should also mention that he won the first-ever Slam Dunk Contest at the halftime of the 1976 ABA All-Star game.
SF2: Richard Jefferson (2001-08)
Accolades w/Team: 2 Finals Appearances
Stats: 17.4 PPG, 5.4 RPG, 3 APG, 0.9 SPG, 0.4 BPG
After being traded to the New Jersey Nets in a draft-day trade with the Houston Rockets, Richard Jefferson was a solid player from the jump as he averaged 9.4 PPG, 3.7 RPG, and 1.8 APG off the bench on the Nets, who were the best team in the Eastern Conference, as a rookie. After Van Horn was traded to Philadelphia, Jefferson was a starter in his second season and averaged 15.5 PPG, 6.4 RPG, and 2.5 APG as he helped the Nets return to the NBA Finals where they’d lose to the Spurs in six games. Jefferson continued to show improvement on the Nets as the second scoring option as he averaged 18.8 PPG, 6 RPG, 3.6 APG, 0.9 SPG, and 0.3 BPG over the next four seasons combined although he only played in 33 and 55 games during the 2004-05 and 2006-07 season respectively due to injuries. During the next season, which would happen to be his last with the Nets before being traded to Milwaukee, Jefferson had his best season as he averaged 22.6 PPG, 4.2 RPG, and 3.1 APG despite the Nets only winning 34 games that season.
SF3: Rick Barry (1970-72)
Accolades w/Team: 1 Finals Appearance, 2x All-Star, 2x All-ABA 1st Team
Stats: 30.6 PPG, 7.2 RPG, 4.5 APG
Like Julius Erving, Rick Barry was a Hall of Famer known for playing with a different team and spending only a few years with the Nets. However, like Erving, Barry had a good number of accolades with the Nets despite only spending two years in New York. After being acquired by the Nets from the Washington Capitals, Barry, despite missing 25 games, averaged 29.4 PPG, 6.8 RPG, and 5 APG during his first season with the Nets which helped him make the All-Star team as well as the All-ABA 1st Team. Barry improved in his second season with the Nets averaging 31.5 PPG, 7.5 RPG, and 4.1 APG, made the All-Star team as well as the All-ABA 1st Team yet again. Although Barry’s Nets only won 44 games in the regular season, the team still made a shocking run to the ABA Finals before losing to the Pacers in six games. However, Barry was forced to return to the Warriors after that season, so Barry never played another game for the Nets after that run to the ABA Finals.
PF1: Buck Williams (1981-89)
Accolades w/Team: 3x All-Star, 1981-82 Rookie of the Year, 1x All-NBA 2nd Team, 1x All-Defensive 2nd Team
Stats: 16.4 PPG, 11.9 RPG, 1.5 APG, 0.9 SPG, 1.1 BPG
All three of the Nets’ power forwards were high draft picks and Buck Williams bucks this trend off as he was the third selection of the 1981 NBA Draft by the New Jersey Nets. Williams thrived immediately as he averaged 15.5 PPG and 12.3 RPG in his first season which helped him win that year’s Rookie of the Year award. Williams improved in his second season as a pro as all his averages went up as he now posted a stat line of 17 PPG, 12.5 RPG, 1.5 APG, 1.1 SPG, and 1.3 BPG and even made the All-NBA 2nd Team. Also, Buck Williams was frequently on the league’s leaders in rebounding as he placed in the Top 3 in total rebounds in each of his first six seasons with the Nets. After his second season, Buck Williams only made one more All-Star team with the Nets but his six seasons after that were still pretty good as he averaged 16.5 PPG, 11.8 RPG, and 1.6 APG during that span before being shipped to Portland in 1989.
PF2: Derrick Coleman (1990-95)
Accolades w/Team: 1x All-Star, 1990-91 Rookie of the Year, 2x All-NBA 3rd Team
Stats: 19.9 PPG, 10.6 RPG, 3.1 APG, 0.9 SPG, 1.6 BPG
Derrick Coleman continues the trend I mentioned with the power forwards for the All-Time Nets being selected high up in the draft as he was selected first overall in the 1990 NBA Draft. Coleman, like Buck Williams, won Rookie of the Year with the Nets as he posted averages of 18.4 PPG and 10.3 RPG during his rookie season. Coleman improved his scoring in his second season, from 18.4 PPG to 19.8 PPG, as well as his assists numbers which went from 2.2 APG to 3.2 APG despite his rebounding numbers decreasing a little bit. Coleman was among the league’s best power forwards during the next three seasons as he made an All-Star team, two All-NBA teams, and averaged 20.5 PPG, 11.1 RPG, 3.5 APG, and 1.7 BPG during that span. However, like Anderson, tensions with coaches hurt Coleman’s relationship with the team, and he was traded to the 76ers in November of 1995.
PF3: Kenyon Martin (2000-04)
Accolades w/Team: 2 Finals Appearances, 1x All-Star
Stats: 15.1 PPG, 7.6 RPG, 2.4 APG, 1.3 SPG, 1.4 BPG
Ten years after the Nets selected Derrick Coleman with the first overall pick in the 1990 NBA Draft, the Nets had the number one draft choice once again. After averaging around 19 PPG and 10 RPG at the University of Cincinnati, Martin was drafted first overall by the Nets in the historically underwhelming 2000 NBA Draft. Martin played four seasons with the Nets, and in each of those four seasons, he improved not only his stat line but also his field-goal percentage. Martin wasn’t the most accomplished player with the Nets as he only made one All-Star team, but he was a key contributor to the Nets’ two runs to the NBA Finals in the early 2000s. Speaking of the postseason, Martin was a better player in the playoffs than he was in the regular season as he averaged 18.1 PPG, 8.3 RPG, 2.5 APG, 1.3 SPG, and 1.4 BPG in 51 playoff games with the Nets.
C1: Brook Lopez (2008-17)
Accolades w/Team: 1x All-Star
Stats: 18.6 PPG, 7.1 RPG, 1.5 APG, 0.6 SPG, 1.7 BPG
Drafted tenth overall in 2008 NBA Draft by the Nets, Brook Lopez played in more seasons than any other Nets player in franchise history. Lopez had a solid rookie season, averaging 13 PPG, 8.1 RPG, and 1.8 BPG and improved in his sophomore season with averages of 18.8 PPG, 8.6 RPG, 2.3 APG, and 1.7 BPG despite the Nets only winning 12 games that season. Although he played in all 82 games in each of his first three seasons, Lopez missed a majority of two of the next three seasons due to foot injuries with his only All-Star selection, which was in 2012-13, sandwiched in between. Even though the foot injuries caused him to miss so many games in those two seasons, Lopez remained healthy in his final three years with the Nets with over 70 games played in each of those seasons as well as averages of 19.4 PPG, 6.9 RPG, 1.7 APG, and 1.7 BPG during that span. He even began to shoot three-pointers in his final season with the team, shooting 34.6% from three-point range on 5.2 attempts per game. Despite being traded to the L.A. Lakers after the 2016-17 season, he has changed his playstyle from a dominant scoring big with the Nets to a stretch five in Milwaukee as a role player today.
C2: Billy Paultz (1970-75)
Accolades w/Team: 2 Finals Appearances, 1x ABA Champion, 2x All-Star
Stats: 15.6 PPG, 11.2 RPG, 2 APG, 0.8 SPG, 2.1 BPG
Billy Paultz or “The Whopper” was a 6’11” center who could score, grab rebounds, and block shots. During his first two seasons with the Nets, Paultz averaged 14.6 PPG, 11.9 RPG, and 1.7 APG in that span. His playoff performance during those two years was even better as he averaged 18.3 PPG, 15.1 RPG, and 1.9 APG in 25 postseason games during both years. Paultz was even better during his next and last three seasons with the Nets as he made two All-Star teams and averaged 16.3 PPG, 10.8 RPG, 2.2 APG, 0.8 SPG, and 2.1 BPG during that period. Paultz was a solid player on a playoff team and helped the Nets win their first ABA championship in 1974 as he averaged 14.8 PPG and 9.4 RPG during that postseason. After the 1974-75 season, he was traded to the Spurs and was still among the leaders in rebounds and blocks during the next and final ABA season. TL;DR All-Time Nets Roster
| ||Starters ||Reserves |
|PG ||Jason Kidd ||Bill Melchionni, Kenny Anderson, Brian Taylor |
|SG ||Vince Carter ||Drazen Petrovic, John Williamson |
|SF ||Julius Erving ||Richard Jefferson, Rick Barry |
|PF ||Buck Williams ||Derrick Coleman, Kenyon Martin |
|C ||Brook Lopez ||Billy Paultz |
| ||Head Coach ||Assistant Coaches |
|Coaching Staff ||Kevin Loughery ||Lawrence Frank, Byron Scott |
- This is going to be a fun team to watch like the past two all-time teams. If you get a floor general like Jason Kidd and you pair him up with two of the game's greatest dunkers of all-time in Vince Carter and Julius Erving, you're automatically one of the funnest all-time teams to watch. I can just imagine Kidd throwing lobs to Carter and Erving for some sick slam dunks as all three guys by themselves were highlight reels of their own. Not only were Carter and Erving high-flyers but both could score in other ways too as Carter had the mid-range and three-point game while Julius was capable of shooting a lot of mid-range jumpers during his time.
- Buck Williams and Brook Lopez form a solid frontcourt for the All-Time Nets starting lineup and both could rebound well and score inside which is helpful for Kidd in case he can't find Carter or Erving. Heck, you don't even have to score inside with the bigs. Brook Lopez was a very good three-point shooter during his final season in Brooklyn, so don't be surprised if you see Brook outside the three-point line waiting for a shot.
- I like the bench offensively. Bill Melchionni is a very good floor general and there will be very good spacing with the second unit as you have a solid three-point shooter in Coleman, a very good three-point shooter in Jefferson as well as one of the game's best three-point shooters of all-time in Drazen Petrovic. You don't just have to score outside on the bench as Billy Paultz as the backup center gives Melchionni a solid scoring option inside the paint.
That is all for the All-Time Nets squad. Tomorrow, the All-Time Seattle SuperSonics/Oklahoma City Thunder will be posted. If you want to check out the hub post/calendar for this series, the link is here
. Anyways, thank you for the support in this series and have an excellent day! :)
"I wish I was part of the Illuminati. Don't they run the World? I'm just selling ice cream."—The owner of a Toronto ice cream shop who has been targeted and harassed by far-right conspiracy theorists submitted by
John McCain Sen. John McCain (R-AZ), who died of brain cancer on Saturday at age 81, will be memorialized in Washington this week. McCain will lie in state in the Capitol Rotunda and receive a full dress funeral at the Washington National Cathedral.
Such a ceremony is fairly standard for politicians of McCain’s stature, but because Donald Trump is an irredeemable person, the whole thing is playing out as an extended critique of him. And, also because he’s an irredeemable person, Trump is already proving the critique correct. In a farewell statement, McCain described America as a “nation of ideals, not blood and soil,”
which we weaken “when we hide behind walls, rather than tear them down.” Under normal circumstances, the statement would read as a fairly ordinary invocation of American ideals, but because Trump is contemptuous of those ideals, it reads (intentionally!) as a criticism of the president. Trump underscored how deserving he is of the critique by, at first, refusing to fly White House flags at half staff until McCain’s burial
and declining to issue a formal proclamation
about his death. After intense internal and external pressure, including an open letter from the American Legion
, Trump reversed himself, but the whole week promises to be a test of whether Trump can restrain his inner, petty asshole.
Thanks for the Suggestions, GOP Republicans are making their willingness to help President Trump cover up his crimes and corruption
a part of their campaign strategy coming midterm elections. House Republicans have compiled a list, which Axios published over the weekend,
of issues they expect Democrats to investigate if they claim control of the House in November. It’s based on inquiries and requests Democrats have already made in the minority, without subpoena power. Democrats should take the list and say well, fuck yeah this is what we’ll investigate. It’s a compilation of Trump’s corrupt acts, and the ethical scandals
that have consumed his White House and most of his cabinet. It also includes huge governing failures—the travel ban, family separation, the abandonment of hurricane-ravaged Puerto Rico, failure to secure U.S. elections. Republicans in Congress have wilfully ignored all of these abuses. The thought of Congress investigating these issues has “churned Republican stomachs,”
according to Axios
, because they believe thorough oversight is “among the greatest threats to [Trump’s] presidency.” It’s seems Republicans have left themselves little choice
other than to lean into their collective decision to protect Trump at all cost. The GOP Congress has been historically ineffectual, and its largest achievement—a multi-trillion dollar corporate tax cut—is wildly unpopular.
And so, having completely ceded the center, their best hope for avoiding electoral defeat is to turn Trump loyalists out to the polls in large numbers. Trump will only help turn them out if he realize how severe the threat to his presidency is, and Trump loyalists might even turn themselves out if they realize House Republicans are the last firewall between Trump and accountability to the broader public. From Brian:
Republicans are right about two things. They have nothing to offer the public other than capitulation to Trump, and they can’t complete the coverup on his behalf if they don’t retain the House in November. It’s our job to prove them right—win and provide oversight. Otherwise, Trump will get away with his bad deeds and be emboldened to commit more of them.
What Else President Trump’s former campaign manager Paul Manafort nearly cut a deal with prosecutors
to avoid a second trial next month, but negotiations reportedly fell apart during jury deliberations. Message to Trump: Pardon me now or never. According to Trump, the U.S. and Mexico have reached an agreement to reform NAFTA
to require manufacturers of tariff-exempt automobile parts to pay workers higher wages. However, the framework does not yet include Canada—the third country in the North American Free Trade Agreement—and may amount to nothing, which is weird coming from the guy who single-handedly denuclearized the Korean peninsula. A gunman killed two people at a video game tournament in Jacksonville, FL on Sunday,
before fatally shooting himself. Eleven others were injured. Trump has refused to publicly acknowledge the shooting. Archbishop Carlo Maria Viganò, the former top Vatican diplomat in the United States, is accusing Pope Francis of covering up sexual abuse allegations
against the Catholic Church and is calling on him to step down. Michael Cohen’s attorney Lanny Davis says he’s no longer certain about his previous claim
that Cohen has information about Trump’s knowledge of Russian efforts to hack the 2016 election. Seems like something you should double check before saying out loud. On Saturday the DNC agreed to new rules drastically limiting the power of superdelegates in presidential nominating process.
Under the new rules, superdelegates, who are traditionally party insiders, keep their power to back any candidate, regardless of how the public votes, but they will not be allowed to participate in the first ballot at the Democratic National Convention. Congratulations President Avenatti. The top student loan official at the Consumer Financial Protection Bureau resigned in protest today,
saying "the damage [CFPB head Mick Mulvaney has] done to the Bureau betrays… families and sacrifices the financial futures of millions of Americans in communities across the country.” According to a new Inspector General report, President Trump personally intervened in plans to rebuild the FBI headquarters, located across from his D.C. hotel,
which would’ve turned the site into a construction zone. Republicans should add this one to that list their stomachs are all churned about. Tesla isn’t going private anymore, said Elon Musk in a classic Friday night news dump. Happy belated 100th birthday to Katherine Johnson,
the African American woman who hand-calculated the trajectory for America’s first space mission.
Look No Further than the Crooked Media On The Wilderness:
In Chapter 11, “The Filter,” Jon Favreau asks how Democrats can break through in today’s media environment and discusses a strategy for rethinking the way we communicate with the public. Listen
→ On Crooked.com:
Jon Lovett grapples with mourning a patriot whose politics you hate. Read
Under the Radar Lawmakers in 16 states have introduced bills to restrict private employers’ use of nondisclosure agreements
in sexual harassment suits, and in Arizona, Maryland, New York, Tennessee, Vermont, and Washington, they have become law. The #MeToo movement is accomplishing much more than bringing accountability to high-profile abusers.
Did You See That Thing? Bloomberg removed reporter Shahien Nasiripour from the Wells Fargo beat after the CEO of the bank called the organization’s editor-in-chief to complain about him.
Earlier this year, he wrote an article detailing Wells Fargo’s relationship with the NRA, and described the bank as the "preferred financier for the U.S. gun industry,” setting off a dispute between him and Wells Fargo’s public relations team. Bloomberg
’s business model makes Wells Fargo both a reporting subject and a lucrative business client, the potential loss of which could have cost the company millions in revenue. The silver lining here is that Nasiripour will now be covering the Trump Organization.
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You've Gotta Be Fucking Kidding Me This man has been shooting women drivers in Texas because he thinks they’re “incompetent.”
Enjoy Mike Drucker on Twitter: "Young Medical Bill That I Thought I Had Already Paid So I Called Them on Friday But It Turns Out I Was Being Charged By the Same Doctor for the Exam and the Blood Work Separately Which, I Think We Can All Agree, is Frustrating"
One of my goals for this year is to make $50k in addition to my income. Having a goal is nice, but like most people if you don’t have a plan you are not going to get there.
There is only two ways I believe that I can get there. Starting a company or investing. I believe I don’t have enough passion to start a company. After spending some time understanding entrepreneurs and what drives them to start companies I don’t have what it takes. I don’t want to solve anyone’s problem, there isn’t an idea I passionately believe in. I simply want to make money and prove to myself that I can. That is probably my passion.
Keeping that in mind and keeping in mind that already a month has passed in the current year , I decided to get started on my investing goals.
I am lucky enough to have access to research material on stocks, macro-economic trends, investing ideas etc. One such document had a list of 30 stocks that it highlighted as good ideas for the year. I read through the document and picked stocks that I believe will do well for the year given my understanding of the world economy and the Canadian economy.
A large percentage of my investing capital is currently in Canadian Currency. As such I don’t want to pick a stock that only trades on the US exchange. I simply don’t want to convert my CAD to $ at the current exchange rate.As such my picks are stocks that trades on a CAD exchange.
There are 6 Canadian companies recommended in the report I read.
Alimentation Couche – Tard Inc (TSX:ALD.B)
“Alimentation Couche-Tard Inc. operates convenience stores. The Company is engaged in the sale of goods for immediate consumption, road transportation fuel and other products through corporate stores and franchise operations. “
The analyst has a price target of 69$ . Current price is $60.98 . That is a gain of 13% if it is able to reach that price.
Personally, I am not interested in the convenience store market. So this stock is a no for me. Also I am not too sure if this sector will fair will if our economy struggles.
For this stock I placed an order for $5000 at market price in my TMX simulator so I can keep an eye on this stock. Based on how this stock does this year, I would know how valuable this analyst’s recommendations are.
Canadian National Railway Company (TSX:CNR)
“Canadian National Railway Company is engaged in the rail and related transportation business. It transports goods for business sectors, ranging from resource products to manufactured products to consumer goods. “
I have a soft place in my heart for CN. Our final year MBA project was on CN. This is an 8 month project that looks at the industry the company operates in, the suppliers, customers, the upcoming trends that will impact the company, the competition, and the internal financials and culture of the company. All this analyses is to help determine the future strategy for the company. Our group did a presentation to the senior management team of CN, including the CEO.
Based on the current price of CN stock and the target price of the analyst of $82 the return on this investment would be around 7%.
One of the things that is always highlighted about CN is its efficiency ratio. It has the best efficiency ratio in North America. This is an important ratio for railroads. It helps track how much a rail road is utilizing its assets. The better this ratio is the lower the cost of operating for a rail road. This will be helpful in tough economic times when it is a struggle to increase top line growth.
CN’s revenue is dependent on the money it makes transporting various goods such as oil, commodities, automobiles, lumber etc. When different industries are struggling such as oil there will be a reduction in CN’s business. Based on review of last year’s financial numbers CN was able to do well regardless of the struggles from Oil because it had an increase in business from other sectors such as automobiles.
For this year I believe there will be challenges because of dropping oil prices, decrease in demand for commodities from emerging markets , but I also believe it may be able to offset the drops from increase in demand for automobiles ( US Economy is expected to do well) , and increase in lumber from the housing industry in the US.
I also believe CN is a good stock to hold for long term, and is a stable stock. Its return is about 7%, good to hold in a portfolio if you have other more volatile stocks.
I am going to buy some for my RRSP and leave it in for now.
Enbridge Inc. (TSX:ENB)
“Enbridge is an energy transportation and distribution company. Enbridge conducts its business through five business segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments and Corporate.”
From the research list Enbridge has the highest forecasted increase in the Canadian company categories. It is expected to increase 30% within the next year.
I am not familiar with the energy sector. I found the projected return profitable, so I did some research.
Here are my findings:
Enbridge owns the pipelines which Oil flow through. It has set contracts with Oil companies, regardless of Oil Volume. As long as a specific company has some traffic it will get paid. However, if Oil prices are depressed for a long time, new contracts will be at risk. Enbridge does a good job acquiring other companies to expand its growth. Recent acquisition of Tupper Main and Tupper West gas plants is one such example. My personal believe is that Oil will move backup near the $50 per barrel toward the end of the year. Enbridge will benefit from rising oil price. Will be sharing my analysis on Oil prices in a future post. Enbridge has a history of paying dividends and Canadians looking for income producing stock typically purchases Enbridge. A good portion of its return will be from dividends.
One of the complaints about Enbridge is that it raises dividends while going out to the equity market for more funding for growth. Companies normally have three sources to invest, either use the income they have earned, go to the debt or equity markets. Using the income they have earned is the cheapest source of investing. It can also be argued that paying out dividends forces a company to return cash that it does not have a good use for. As a result when it finds a good oppourtunity it may not have enough cash on hand, and may need to go to the capital markets.
Based on my findings I purchased 103 shares at the start of February 2016 at a price of $46.54 per share. My goal is to keep this till end of 2016 and reassess at that point. I may re-evaluate my stock holdings if any major events occur.
The Toronto-Dominion Bank (TSX:TD)
“The Toronto-Dominion Bank and its subsidiaries provide Canadian Personal and Commercial Banking, U.S. Personal and Commercial Banking, Wealth Management, Insurance and Wholesale Banking. “
TD has been recommended by the analyst among the big Banks in Canada for the following reasons: Less exposure to Oil in comparison to its peers Less exposure to Western Canada 25% of its earnings coming from the US retail business, which will benefit from US rising interest rate. Risks: Td has a law suit pending from the Stanford Ponzi Scheme Mortgage loan risks in Canada, which will affect every bank in Canada Overall economy deterioration, which will affect most stocks
The expected return from TD is approximately 14%. For now, I am not going to invest in TD or any of the big banks. I may reconsider, but at the moment it is a no. I worry that if the Canadian Economy struggles due to weak Oil Prices and falling currency the effects may be seen by the bank stocks. I have placed an order for $5000 worth of TD stocks in my TMX Simulation program to monitor the stock.
Intact Financial Corporation (TSX:IFC)
“Intact Financial Corporation is the largest provider of property and casualty insurance in Canada. Intact offers home, auto and business insurance through Intact Insurance, belairdirect, Grey Power, BrokerLink and Jevco. “
I will purchase some IFC shares as a defensive measure against upcoming challenging macro-economic climate. General theory of portfolio management dictates that you hold a balanced portfolio to minimize risks. It is considered a defensive buy because insurance industry premium growth is not related to economic growth, this stock will not suffer from a bad economy like a bank or other financial stocks, and it has a long track record of growth and profitability.
The stock has an average volume of about 200k which is smaller than the trade volume of companies I normally trade on. I am not too worried, since this company is Canada’s largest property and casualty insurer.
Based on the analyst estimate of a price possibility of $104, if I set a market order to buy shares tomorrow morning (Feb 2nd, 2016) at a price of around $83.43, I stand to gain around 17% to 19% if the price target is met.
I have also added this stock to my TMX simulator to monitor its performance.
Cenovus Energy Inc. (TSX:CVE)
“Cenovus Energy Inc. and its subsidiaries, are in the business of the development, production and marketing of crude oil, natural gas liquids (“NGLs”) and natural gas in Canada with refining operations in the United States. “
The last company on the top pick list is an oil company with a very strong balance sheet. This company has a price target of $23 with its current price it will yield over 27% in return if it is able to reach its price target. I believe Oil prices will be getting better toward the end of this year, however it may drop more before it gets there. As such I will monitor this stock by buying it in my TMX simulator.
Based on the 6 recommendations, I have invested in two of the companies, and is targeting to invest in CN Rail in the near future. I will post updates as I readjust my portfolio and move some other cash holdings into securities. Good luck with your investing.
Originally posted @ http://financegirltoronto.blogspot.ca
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