Canada’s Housing Affordability Crisis Intensifies As Q1 2024 Immigration Jumps 47%
Canada is facing a worsening housing affordability crisis as the country experiences an unprecedented surge in population growth. According to Statistics Canada labor force data, the working-age population has increased by a staggering 411,400 people in the first four months of 2024, a 47% increase compared to the same period in 2023. National Bank economists […]
Return to Nuclear: Italy Considers SMRs as Key to Achieving 2030 Energy Goals
Italy’s Minister for the Environment and Energy Security, Gilberto Pichetto, has expressed support for the inclusion of nuclear power in the country’s energy mix during an Atlantic Council event in late April. Speaking ahead of the G7 ministerial meeting in Italy, Pichetto emphasized the potential of small modular reactors (SMRs) in helping Italy achieve its […]
BREAKING: Iran’s President, Foreign Minister Dies in Helicopter Crash
Iran’s President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian were confirmed dead after their helicopter crashed in poor weather conditions in Iran’s northwestern region, state media reported on Monday. The crash occurred on Sunday, and rescuers located the bodies and wreckage early Monday morning in the mountainous East Azerbaijan province. The Iranian Red Crescent faced […]
Copper Prices Surge As China Stockpiles Amid Supply Concerns
China, the world’s largest copper importer, has been actively stockpiling the industrial metal in response to the growing demand driven by renewable energy, electric vehicles, and the rapidly expanding artificial intelligence sector. The recent surge in copper prices, which have risen by 38% year-over-year and reached a 14-month high of $5.20 per pound, can be […]
Silver Hits 11-Year High, Crosses $31 Mark
Silver prices have reached their highest level since 2013 recently, crossing the $30-mark, as investors reacted to mixed economic data from the United States. Industrial production in the country unexpectedly stalled, while initial jobless claims fell largely as expected. Additionally, export and import prices rose more than anticipated. Compounding the mixed data, Federal Reserve Bank […]
Trudeau’s Capital Gains Tax Proposal “Is Deeply Misleading”
Columnist Andrew Coyne has voiced strong criticisms against Prime Minister Justin Trudeau’s proposed changes to capital gains taxes. In his remarks, Coyne expressed support for a two-thirds inclusion rate on capital gains as part of a broader tax reform. However, he condemned the proposal as “deeply misleading” for several reasons. The Globe And Mail columnist […]
Georgia’s Parliament Passes Controversial “Foreign Agents” Law Amidst Violent Protests
Georgia’s parliament has voted in favor of a controversial “foreign agent” law, sparking weeks of mass street protests and widespread unrest in the capital city, Tbilisi. The bill, which passed its third and final reading with 84 votes against 30 on Tuesday, faces a likely veto by President Salome Zourabichvili, though the parliament has enough […]
Russian Court Seizes Over €700M From Western Banks
A Russian court has seized assets worth over €700 million from three major Western banks, namely UniCredit, Deutsche Bank, and Commerzbank, marking one of the biggest moves against international lenders since the invasion of Ukraine. The seizures, first reported on by the Financial Times, follow the European Central Bank urging eurozone banks to accelerate their […]
Senate Passes Resolution Condemning SEC’s Crypto Accounting Rule, White House Likely to Veto
The US Congress passed a resolution condemning the Securities and Exchange Commission’s (SEC) staff accounting bulletin 121 (SAB 121), which imposes strict rules on how financial institutions should account for cryptocurrency assets. The resolution passed in the Senate with a 60-38 vote, following its passage in the House. This was all symbolic, it seems, as […]
Houston ISD Superintendent Under Scrutiny for Allegedly Funneling Money To Schools He Started
A local education advocacy group and Harris County Commissioner Rodney Ellis are calling for an investigation into Houston ISD’s state-appointed superintendent, Mike Miles, and the charter school network he founded, Third Future Schools. This comes after a report by Spectrum News alleged that a Texas charter school sent public funds to an affiliated school in […]