CBC Faces Backlash Over Directive to Avoid Labeling Hamas as Terrorists
The Canadian Broadcasting Corporation recently drew sharp criticism following the leak of an internal memo directing its journalists to avoid the term “terrorist” when referring to Hamas fighters in the Israel-Gaza conflict. George Achi, the Director of Journalistic Standards at CBC, emphasized in the memo that “The notion of terrorism remains heavily politicized,” advising reporters […]
Biden Endorses FTC Proposed Rule To Ban Junk Fees
US President Joe Biden unveiled a significant move on Wednesday, as the Federal Trade Commission (FTC) introduced a proposed rule aimed at eradicating hidden and deceptive junk fees that often obscure the true expenses associated with concert tickets, hotel stays, and utility bills. Eliminating these sneaky charges has been a top priority for the Biden […]
South Korea On Guard Against North Korea After Israel-Hamas War Breaks Out
Experts are cautioning South Korea to closely observe the ongoing conflict between Israel and Hamas, emphasizing the potential vulnerability of advanced defense systems against a massive barrage of simpler, cheaper weapons. The recent rain of rockets fired by Hamas serves as a stark illustration of this concern, raising questions about South Korea’s ability to counter […]
Bank Of Canada Is Studying Mortgage Relief And Bankruptcy On Unsecured Debt Policies
A research paper written by Soyoung Lee of the Financial Stability Department of Bank of Canada has conducted a quantitative analysis of the effects of debt relief as a stimulus policy during economic recessions. Using a dynamic stochastic general equilibrium (DGSE) model that considers the diversity of households’ financial situations, this research looks on the […]
Royal Helium Begins Start-Up Of Helium Processing Facility
Royal Helium (TSXV: RHC) has completed a major milestone with the completion of commissioning of the Steveville helium purification facility. Start-up is now said to be underway for the plant, which has been designed to process 15,000 mcf per day of raw gas. The facility will be fed gas from two helium wells wholly owned […]
U.S. Consumer Price Index Rises 0.4% in September
The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in September, after a rise of 0.6% in August. Over the last 12 months, the all items index has seen an uptick of 3.7% before seasonal adjustments. Major contributors to the monthly increase include […]
Canada Nickel Reports After-Tax NPV(8%) Of $2.5 Billion For Crawford Project
Canada Nickel Company (TSXV: CNC) released a much-awaited feasibility study this morning for its Crawford Nickel Sulphide Project, outlining an after-tax net present discount (8%) of $2.5 billion for the project and an internal rate of return of 17.1%. The Crawford project, found near Timmins, Ontario, is now being referred to as the world’s second […]
Uber Mulls Taking Toronto To Court After City Votes To Cap Ride-Hail Licences
Toronto’s battle with its congested road network’s contribution to climate change has led to a new policy passed by local officials, generating a mixed response from various stakeholders. On Wednesday, city councillors voted in favor of freezing the registration of new ride-hail drivers, including those working for companies like Uber (NYSE: UBER) and Lyft (NASDAQ: […]
Highlights Of Caroline Ellison’s Testimony Against Sam Bankman-Fried
Caroline Ellison, a prominent adviser and former partner of Sam Bankman-Fried, revealed during her testimony on Wednesday that she had repeatedly misled the public and disseminated deceptive financial documents to crypto lenders at his behest. These actions were in service of concealing the true state of his businesses, FTX, a digital currency exchange, and Alameda […]
Reminder: EVs Aren’t Cheap to Repair
In the latest incident of high repair costs for new electric vehicles, a Rivian owner recently faced a $41,000 estimate for a rear-end collision. To put that in perspective, the base price for the 2023 Rivian R1T Adventure model is $73,000, making the rear-end dent repair nearly 60% of the price of the vehicle. Related: […]