Buffett on Berkshire getting in bed with AIG

AIG is paying Berkshire Hathaway $10.2 billion up front to reinsure up to 80% of a $25 billion AIG portfolio. Warren Buffett explains his thinking on the deal to his shareholders.

  • Forget tourism: Pyeongchang's legacy probably debt and anger
    News
    The Canadian Press

    Forget tourism: Pyeongchang's legacy probably debt and anger

    The equation was supposed to be simple. To build a world-class ski destination, simply add the Olympics and wait. With the close of the games this weekend approaching, some worry that the Olympics will instead saddle the region with a legacy of massive debt and the perpetual maintenance of a handful of hugely expensive venues that no one knows what to do with.

  • Court: Pardoned Peru strongman Fujimori can be tried again
    News
    The Canadian Press

    Court: Pardoned Peru strongman Fujimori can be tried again

    A court in Peru has ruled that former strongman Alberto Fujimori can be tried in connection with a 1992 massacre despite his recent pardon from a 25-year jail sentence. The decision Monday paves the way for Fujimori to stand trial again for crimes committed during his decade-long rule. President Pedro Pablo Kuczynski pardoned Fujimori in December from a lengthy prison sentence for his role in the deaths of 25 Peruvians and sanctioning the use of military death squads.

  • Black Panther screening hosted for 100 Edmonton youths
    News
    CBC

    Black Panther screening hosted for 100 Edmonton youths

    As Black Panther roared into the box office this weekend, Black Lives Matter Edmonton partnered with an African-Canadian youth non-profit organization to send 100 Edmonton youths to see the blockbuster film at a private screening Monday evening. Black Lives Matter raised $3,100 through a GoFundMe campaign in less than 24 hours, covering the ticket cost for people who might not have the means to go and see the movie. Black Panther is a rare opportunity for black youths to see themselves represented as a protagonist, especially in a superhero franchise.

  • A blood test for autism
?
    Global News

    A blood test for autism ?

    In Health Matters, European scientists say they've taken the first steps towards finding a blood test for autism. Today's Global News Hour at 6 Health Matters is brought to you by Pharmasave.

  • Downtown Vancouver shelter runs out of space, forced to turn away at least 25 seeking warmth
    News
    CBC

    Downtown Vancouver shelter runs out of space, forced to turn away at least 25 seeking warmth

    Staff at the Union Gospel Mission in Vancouver's Downtown Eastside say the facility had to turn away at least 25 people on Sunday night after it hit capacity. 

  • 'He has a big heart': cross-continent kindness could save Syrian man from blindness
    News
    CBC

    'He has a big heart': cross-continent kindness could save Syrian man from blindness

    It's a race against time for a Syrian family who is struggling to bring to Canada their brother, who has been told he will go blind without medical intervention. Hayfa Sehmus and her sister Serin arrived in Canada two years ago. Anais Sehmus fled Syria's war and is living in Erbil, in northern Iraq.

  • Tessa Virtue, Scott Moir Win Gold In Ice Dance At PyeongChang Olympics
    News
    HuffPost CA

    Tessa Virtue, Scott Moir Win Gold In Ice Dance At PyeongChang Olympics

    Canadian ice dance darlings Tessa Virtue and Scott Moir are going out on top, ending their illustrious career as the most decorated figure skaters in Olympic history. In what was likely their final competitive performance, Virtue and Moir won ice dance gold at the Pyeongchang Winter Games after scoring 122.40 points in Tuesday's free skate for a world-best combined score of 206.07. "I think it's a nice end to our Olympic career here," Virtue said to CBC moments after the venue ceremony.

  • Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei
    News
    Reuters

    Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei

    Samsung Electronics Co will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc's decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday. Samsung Display, the panel-making unit of Samsung Electronics, now plans to make OLED panels for 20 million or fewer iPhones at the South Chungcheong plant in the January-March quarter, significantly lower than its initial goal of supplying panels for 45 million to 50 million iPhones, the Nikkei reported.

  • From Mexico to Kelowna: Childhood friends reconnect, start cooking together
    News
    CBC

    From Mexico to Kelowna: Childhood friends reconnect, start cooking together

    Childhood friends Israel Camarillo and Edmundo Espinosa hadn't seen each other in over thirty years, but after reconnecting on social media Camarillo decided to help his old friend start a new life in B.C. Camarillo, who owns El Taquero in Kelowna, has always strived to make his business a family restaurant, so when his friendship with Espinosa rekindled, he offered him a job. "I love him and I trust him with my business and more importantly I trust him with my family," said Camarillo, 40, the same age as Espinosa.

  • Actor Michael Keaton to give Kent State commencement address
    News
    The Canadian Press

    Actor Michael Keaton to give Kent State commencement address

    Actor Michael Keaton is slated to give the commencement address at Ohio's Kent State University. Keaton enrolled at Kent State in 1971, intending to major in journalism and speech. Keaton spoke at Kent State in 1985 and said then that he would like to return someday.

  • News
    Reuters

    Malaysian firm adds Islamic certification to cryptocurrency

    By Bernardo Vizcaino SYDNEY (Reuters) - Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said. Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year and has now received certification from Amanie Advisors, a Malaysia-based Islamic finance consultancy, said chief marketing officer Manuel Ho. Unlike other cryptocurrencies, GOLDX involves the issuance of a token backed by physical gold stored in a Singapore vault, and transactions must be completed within a defined time period, Ho said.

  • News
    CBC

    'It is very troubling': microplastics, other pollutants to be focus of studies funded by Ottawa

    "It's been a long time since governments have paid much attention to ocean and freshwater environments," Ross told On The Coast guest host Michelle Eliot. Ocean Wise is one of the beneficiaries and will use the funds to study microplastics in the Pacific Ocean. Ross says the issue of microplastics is "front and centre" for the organization, which has 12 staff and graduate student researchers devoted to studying it.

  • Uber CEO sees commercialization of flying taxis in 5-10 years
    News
    Reuters

    Uber CEO sees commercialization of flying taxis in 5-10 years

    TOKYO (Reuters) - Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years. The U.S. ride-hailing app maker has said it expects flying vehicles to eventually become an affordable method of mass transportation. Khosrowshahi was speaking at an investor forum in Tokyo on his first visit to Asia as Uber CEO. Ride-hailing firms such as Uber see populous Japan as a potentially lucrative market and are pressing regulators to ease stringent rules governing the taxi industry. ...

  • News
    The Canadian Press

    Funerals: Grieving teens, raw emotions after school shooting

    Each funeral for the victims of the Marjory Stoneman Douglas High massacre is different, yet the same: the mourning relatives, teens walking in clutches wearing black, politicians paying their respects, media cameras pointing at the entrance from across the parking lot. Services for 14 Stoneman Douglas students, the athletic director, a coach and a geography teacher began Friday, two days after the shooting, and will end in the next few days. Erica Sparrow, a 17-year-old senior, said Monday that she went to her first funeral a couple of weeks ago, "now I have one every day." She and her friend, Lauren Kuperman, also 17, began ticking off names — Meadow Pollack from Friday, Joaquin Oliver from Saturday and Alaina Petty's on Monday.

  • Japan's Sony Corp to form alliance to build taxi-hailing system: Nikkei
    News
    Reuters

    Japan's Sony Corp to form alliance to build taxi-hailing system: Nikkei

    (Reuters) - Japan's Sony Corp plans to form a joint venture to develop an artificial intelligence-based taxi-hailing system in Japan, the Nikkei Asian Review reported on Tuesday. Partners for the joint venture include Daiwa Motor Transportation, Hinomaru Kotsu, Kokusai Motorcars, Green Cab and the Checker Cab group to build the platform, it said. Japanese companies have been aiming to roll out ride-hailing services amid a global battle to control the technology increasingly central to urban transport, the latest being a venture between China's Didi Chuxing and SoftBank Group Corp. ...

  • Cree leaders show public support for LGBTQ, 2-spirited community
    News
    CBC

    Cree leaders show public support for LGBTQ, 2-spirited community

    Several key leaders of the Cree Nation, including Grand Chief Abel Bosum, came together Saturday to deliver a powerful public message of acceptance to two-spirited members of their communities. "We all know that people of different sexual and gender identities have always been part of our story," Bosum told attendees at the Cree-organized conference. The Two-Spirited Community Support Conference was held in Montreal on February 16 and 17.

  • Canada province readies housing plan amid affordability crisis
    News
    Reuters

    Canada province readies housing plan amid affordability crisis

    By Julie Gordon VANCOUVER (Reuters) - The British Columbia government will unveil its long-awaited housing strategy on Tuesday, taking aim at skyrocketing real estate prices and soaring rents that have crippled affordability in the West Coast Canadian province, particularly in Vancouver. The left-leaning New Democratic Party (NDP) came to power last year with a pledge to improve housing affordability and its first full budget is expected to include measures to curb speculative demand, crack down on tax cheats and money laundering, and stabilize housing markets. Foreign buyers have been largely blamed for Vancouver's red hot property market, where the gap between home values and incomes has widened rapidly in the last five years, hitting levels well above any other major Canadian city, according to data analyzed for Reuters.

  • News
    CBC

    Chinese hospital won't release body of Melfort woman to family until $250K bill paid

    Remi Garlock-Cisna remembers her mother as "very smart, very stubborn." Thirty-eight-year-old Alicia Garlock of Melfort, Sask., died overseas last week after a battle with a mysterious illness. Garlock had been working as a teacher in China when she fell ill.

  • News
    CBC

    Appeal board sides with property owner in Mill Creek dispute

    The owner of a prime piece of property in Mill Creek ravine will be able to build a 4,300 square-foot house despite outcry from local residents and river valley trail users. The city's subdivision and development appeal board heard pleas from more than 15 presenters at a public hearing Thursday. Dozens more, including Mill Creek residents and people living as far away as Edmonton's west end, showed up to oppose the development.

  • Becca Schofield's life and memory a lasting 'legacy' of kindness
    News
    CBC

    Becca Schofield's life and memory a lasting 'legacy' of kindness

    It was one that inspired hope, kindness, and sincerity and all started with a simple ask: for people on social media to do something kind for someone else. Becca Schofield started the campaign, titled #BeccaToldMeTo, after she found out her brain cancer was terminal in December 2016. Schofield died on Saturday at the age of 18.

  • Around-the-clock policing left small detachments 'stretched pretty thin': RCMP
    News
    CBC

    Around-the-clock policing left small detachments 'stretched pretty thin': RCMP

    A pilot project that saw RCMP detachments staffed around the clock has come to an end in Marystown and Clarenville, but continues in Grand Falls-Windsor, where the RCMP detachment is larger.. Superintendent Archie Thompson said his experience with the program suggests there's a benefit, but it's hard to manage in a small detachment. "Clarenville, for example, we were constantly running short, we just didn't have enough members to run that, so as a consequence we'd have to bring in members to cover off the shift," he told CBC Radio's Central Morning Show.

  • Experts: Underwater archaeology site imperiled in Mexico
    News
    The Canadian Press

    Experts: Underwater archaeology site imperiled in Mexico

    Pollution is threatening the recently mapped Sac Actun cave system in the Yucatan Peninsula, a vast underground network that experts in Mexico say could be the most important underwater archaeological site in the world. Subaquatic archaeologist Guillermo de Anda said the cave system's historical span is likely unrivaled. Some of the oldest human remains on the continent have been found there, dating back more than 12,000 years, and now-extinct animal remains push the horizon back to 15,000 years.

  • Jagmeet Singh Gives Canadians Sneak Peek At NDP Platform In Policy Convention
    News
    HuffPost CA

    Jagmeet Singh Gives Canadians Sneak Peek At NDP Platform In Policy Convention

    The NDP took a hard turn to the left at its bi-annual policy convention this week, as Jagmeet Singh gave Canadians a sneak peek at the party's much-anticipated platform. Floating universal pharmacare, dental care, and even eye care, how left can the NDP go?

  • School board to create task force after parents complain about assault, sexual harassment
    News
    CBC

    School board to create task force after parents complain about assault, sexual harassment

    The Kamloops-Thompson School District is creating a student safety task force after superintendent Alison Sidow says she heard complaints from two parents over the handling of schoolyard incidents of sexual harassment and abuse.

  • 'Why are you burying them alive?'
    BBC News

    'Why are you burying them alive?'

    Relatives of passengers on board the missing plane that crashed in Iran are questioning the rescue efforts. All 66 people on the flight are feared dead. This footage was posted to social media. The BBC has not been able to verify the claims.