The Great Liberal Revamp: Justin Trudeau Unveils Details of Cabinet Shuffle Ahead of Next Election
In what is the biggest reorganization of Trudeau’s cabinet since taking office in 2015, Prime Minister Justin Trudeau of Canada appointed seven newcomers, demoted seven existing members, and reassigned the majority of other roles. In the shuffle, a total of seven ministers were phased out, as Trudeau looks to elevate several backbench Liberal MPs from […]
Is Alberta Mulling an Exit From the Canada Pension Plan?
Alberta premier Danielle Smith is once again touting ideas to make the province even less dependent on Ottawa, this time reigniting a plan to withdraw from the Canada Pension Plan and enroll Albertans in a unique provincial plan instead. The idea of an Alberta Pension Plan (APP) has been contemplated for more than 20 years; […]
Businesses Are Closing As Syria Devalues Its Pound Again
The Syrian economy is facing a severe crisis as the Central Bank of Syria recently devalued the Syrian pound by nearly 30% against the US dollar. This move highlights the country’s growing economic distress, with the exchange rate now at 8,542 Syrian pounds per dollar, a significant jump from the previous rate of 6,532. The […]
Is Big Oil Moving To Big Lithium?
Major US oil companies are shifting their focus to lithium, a crucial component in electric vehicle (EV) batteries. Chevron (NYSE: CVX) CEO Mike Wirth recently revealed the company’s interest in lithium production, citing it as a natural fit for a company with a strong background in oil and gas extraction. Although specific plans were not […]
The Rise And Fall Of Canopy Growth
“I believe every gram produced in Canada for the next five years will be sold. So it’s who can produce the most grams.” That’s a quote from Chuck Rifici, one of the founders of what turned into – at least for a time – the largest cannabis company in the world. Flash forward a few […]
Jerome Powell Raises Rates by Another 25 Basis Points
As was widely expected, Federal Reserve Chair Jerome Powell raised borrowing costs by another 25 basis points, bringing the Federal Funds rate to 5.5%. July’s rate increase marks the eleventh such consecutive hike, bringing the Feds funds rate higher than the tightening cycle of 2006 to 2008, when borrowing costs sat at 5.25%. According to […]
US Carbon Emissions Are Lower Than WWII Levels… Now What?
Carbon emissions remain a critical factor in the accelerating climate change crisis, but the narrative of these emissions is often misunderstood. As pointed out by scientific journalist Charles Mann, US per-capita CO2 emissions have dropped below World War II levels. However, the idea that America has made no progress in reducing carbon emissions is pervasive, […]
DeSantis Staffer Allegedly Fired Over Video Featuring Nazi Imagery
Prominent Ron DeSantis campaign staffer Nate Hochman was among those who have been let go from the team, according to three sources familiar with the situation. Hochman, who had previously left the National Review to join DeSantis’ campaign, came under media scrutiny for retweeting several pro-DeSantis videos from the DeSantisCams Twitter account. The controversy surrounding […]
Bipartisan Group of US Senators Introduce New Bill Banning Stock Trading by Lawmakers and Executive Branch Officials
In a(nother) bid to address concerns of insider trading, a bipartisan group of US Senators has introduced the “Ban Stock Trading for Government Officials Act.” The legislation aims to expand upon the existing Stop Trading on Congressional Knowledge (STOCK) law, which targets insider trading among members of Congress and their employees. The new bill, spearheaded […]
Yellow Reduces Ops Following Strike Threat
Yellow, a major freight company, is facing significant disruptions in its pickup operations according to a leaked memo and anonymous sources who spoke to FreightWaves. The memo, which was sent to all Yellow employees, reveals that the company is “limiting” pickup operations across all terminals nationwide. The situation was triggered by the threat of a […]