Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs that financial conditions are easing even as the Federal Reserve continues to wage war on 40-year-high inflation. But unlike this past summer, when Fed Chair Jerome Powell pushed back hard in the face of a similar set of market moves, U.S. central bankers may this time be mostly okay with it. The Fed next week is expected to slow what's been a blistering pace of interest rate increases this year, with Powell telegraphing a half-of-a-percentage point increase in the policy rate, to a range of 4.25%-4.5%.
BATON ROUGE, La. (AP) — The election for a seat on a typically obscure regulatory commission in Louisiana, a state with a front row seat to the effects of climate change, has gained national attention as major utility companies and outside political action committees pour hundreds of thousands of dollars into the race. Saturday's runoff election for a seat on Louisiana's Public Service Commission pits Davante Lewis, a 30-year-old progressive policy advocate who wants to require utilities to reac
Conspiracy theorist Alex Jones on Wednesday said he has less than $12 million of the $1.5 billion he owes the families of Sandy Hook school shooting victims, but they immediately questioned the accuracy of his statements. In the first hearing of Jones' bankruptcy in a Houston court, his attorney Vickie Driver said Jones wanted to settle with the Sandy Hook families. Jones said in a court filing that it would be "functionally impossible" for him to pay the defamation verdicts in full.
VICTORIA — At least five children died last month in British Columbia from influenza as a rise of early season respiratory illnesses added strain to the beleaguered health-care system. The figure marks a departure from the average of two to three annual flu deaths among children in the province between 2015 and 2019, data from the BC Coroners Service shows. "Public health is monitoring the situation closely and is reminding people of the steps they can take to protect themselves, their children
SAN JOSE, Calif. (AP) — Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role in the company’s blood-testing hoax — a punishment slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals. Balwani, 57, was convicted in July of fraud and conspiracy connected to the company’s bogus medical technology that duped investors and endangered patients. His sentencing came less than t
There is limited supply left on P.E.I. of the high-dose influenza vaccine for those in the 65 plus age bracket, according to the Island's chief public health officer. Dr. Heather Morrison said 22,300 high-dose influenza vaccines arrived on P.E.I. this fall and some pharmacies have now exhausted their supply. No new supply has been ordered. "If it's not available, a standard dose vaccine is still important to get and is a very good vaccine," Morrison said. "I would be very happy with the regular
Raheem Younes is freshly motivated to build his new contracting business in his hometown of Windsor, knowing now that he is part of a larger network of Black entrepreneurs in the region. The Southwestern Ontario Black Entrepreneurship Network (SWOBEN) was launched in Windsor Tuesday at Art Windsor-Essex. More than 100 entrepreneurs and business owners, along with students, community members and organizations gathered for the launch of the program, which was made possible through a non-repayable
SAVANNAH, Ga. (AP) — A member of President Joe Biden's Cabinet is urging Georgia officials to deny permits for a proposed mine near the edge of the famed Okefenokee Swamp and its vast wildlife refuge, saying the plan poses “unacceptable risk” to the swamp's fragile ecology. “I write to express serious concerns regarding proposed mining activities that have the potential to negatively impact the Okefenokee Swamp ecosystem and Okefenokee National Wildlife Refuge,” Interior Secretary Deb Haaland sa
BRATISLAVA, Slovakia (AP) — Lawmakers in Slovakia began to debate a parliamentary no-confidence vote against the country's coalition government on Thursday in a move that could threaten Prime Minister Eduard Heger’s minority Cabinet. The opposition liberal Freedom and Solidarity party, which requested the vote, withdrew from the coalition government in September. Freedom and Solidarity head Richard Sulik accused the government of incompetence and losing its anti-corruption drive. The opposition
Are you noticing the lights going out more often — and staying out for longer? If you answered yes, it's not just you. Power outages have become more common in Quebec over the last decade, and they are lasting longer than ever. That was one of the findings revealed this week in Quebec's auditor general's annual report, which was presented to the National Assembly on Wednesday. The report unveiled how Hydro-Québec, the province's state-owned energy provider, is struggling to maintain its aging in
A man is in custody after a double stabbing at a Toronto subway station on Thursday afternoon that left one woman dead and another woman injured. The injured woman is listed in stable condition in hospital, police told reporters at a news conference outside the station in the city's west end. Police said officers responded to calls about a person assaulting and stabbing people on the eastbound subway platform shortly after 2 p.m. They said two women were found with stab wounds and were taken to
ATLANTA, Ga (AP) — Just in time for the holidays, Ludacris and Mercedes-Benz have surprised schoolchildren in Atlanta with more than 500 new pairs of shoes. “It’s all about giving kids moments that they’re going to remember for the rest of their lives,” Ludacris said Wednesday at Miles Elementary School. “And I think today is one of those days that just coming here and seeing the smiles on their faces and making sure that, you know, everything is just given to them and knowing that we’re here to
A deep chill is lurking on the horizon that could boost your odds of waking up to snow on the ground come Christmas morning.
Families, Children and Social Development Minister Karina Gould said Thursday that new legislation aimed at enshrining the Trudeau government’s child-care program into federal law would prevent Conservatives from dismantling the system. She said it would require them to “publicly tell Canadians they do not believe in affordable child-care.”
MONTREAL — A Quebec coroner is questioning why people who saw a drunk driver get behind the wheel failed to call police before he got into a crash that killed four members of a family north of Quebec City last year. The report by coroner Donald Nicole dated Nov. 28 said that multiple witnesses saw Éric Légaré drinking at a bar all afternoon and driving erratically, but only one of them reported him about four minutes before the crash. “Why did only one person contact the police after witnessing
Three teens have been charged after stabbings at an Oakville high school, Halton police say, while an arrest warrant has gone out for an adult also wanted in connection to the incident. Officers were initially called to Garth Webb Secondary School at about 4 p.m. Wednesday after a fight erupted between a "group of youths" in the building's foyer, police said in a news release Thursday. They found three 15-year-olds with injuries. Two had stab wounds to their bodies, while a third had a bloody no
The federal government will spend up to $800 million on four Indigenous-led conservation projects, including projects in the N.W.T. and Nunavut. Prime Minister Justin Trudeau, who made the announcement Wednesday, said each of the projects is unique because they are designed by the communities themselves. Trudeau told reporters the exact details of the agreements have yet to be worked out, including which portions of the lands will be shielded from resource extraction. The Indigenous partners, he
The RCMP has charged a CBC News journalist in P.E.I. with disobeying a court order, after an investigation into an alleged breach of a publication ban. The investigation related to the publication of a "news article," the P.E.I. RCMP said in a news release Wednesday, but did not specify where it was published, or in what form. The RCMP identified Jesara Sinclair as the person facing the charge, which has not been proven in court. Sinclair is a CBC journalist. According to the news release, the a
Another 149 migrants, including 17 minors, arrived in Lampedusa after being rescued by a patrol boat. Egyptians, Syrians, Bengalis, Palestinians, and Pakistanis traveled on an 11-metre vessel that set sail from Sfax, Tunisia. View on euronews
Monkeys are one of the most amusing and fascinating animals. Perhaps their faces, or their behaviours remind us of ourselves. They have an uncanny resemblance to humans that strikes a chord with us. This monkey lives in Ubud Monkey Forest in Bali, Indonesia. It's a sanctuary where the monkey troop roams freely, enjoying a very natural life in many ways. Tourists are welcome to wander the paths of the forest and watch the monkeys. Occasionally, the monkeys take a serious interest in the tourists. This lucky visitor was taking a break from the walking and she took a seat on a wall. The cheeky monkey was quick to run out of the trees and climb up on her shoulder. It was hard to decide if the little fellow was looking for an opportunity to groom her hair, or hoping for a treat out of her pocket. This sanctuary guest was thrilled to have such an encounter with such a friendly little monkey. Although these animals are still wild, they are well acquainted with people visiting and they can be trusted enough to allow such an interaction. Guides wander the paths as well and they keep a close eye the animals to make sure that everything remains friendly. Visitors are able to see monkeys close up here. The monkey troop thrives in a sanctuary that is protected and funded by tourism, and the village itself profits from the tourism funds that the forest brings. This is a win for all concerned. And it was a huge win for this Canadian guest who described this as a bucket list item for her.