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U.S. investment banks’ trading slump could head north to Canada + MORE Jul 18th
Wall Street performance strengthens analysts’ expectations that Canadian firms will report lower results at end of current quarter
.... More »
Who is Emmanuel Macron and what is his plan for France? + MORE May 4th
Emmanuel Macron, head of the political movement En Marche !, or Onwards !, and candidate for the 2017 French presidential election, gestures to supporters after the first round of 2017 French presidential election in Paris, France, April 23, 2017. REUTERS/Benoit Tessier – RTS13LN5
PARIS – Fr.... More »
Nvidia teams up with Intel in $5B deal to shape AI future Sep 25th
Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and will collaborate with the struggling semiconductor company. Nvidia said it will spend $5 billion to buy Intel common stock at $23.28 a share. The investment, which is subject to regul.... More »
Poilievre flogs enhanced child care benefit as boost to the economy + MORE Jul 13th
OTTAWA – Employment Minister Pierre Poilievre is touting the Conservative government’s enhanced child care benefit as boost for the economy while warning that Canadians should take heed of offshore financial chaos.
He used an event on Sunday at an Ottawa-based department store chain to f.... More »
Weekend Reading – Dead simple investing, selling Berkshire, household expenses, and #money stuff + MORE Mar 31st
Save, invest, prosper with My Own Advisor.
Weekend Reading
Welcome to my latest Weekend Reading edition. I hope you’ve had a good week. As I write this post, we’re bracing for yet another winter storm in Ottawa. I suppose it could be worse – our friends down east in St. John&.... More »
Interior Secretary announces federal permit for SunZia transmission during New Mexico visit
– canadianbusiness.com
ALBUQUERQUE, N.M. – A proposed $2 billion transmission line that would carry electricity generated by renewable resources in New Mexico and Arizona to markets across the West is one step closer to being in service after clearing its final federal hurdle.
U.S. Interior Secretary Sally Jewell was joined Saturday by members of New Mexico’s congressional delegation and other federal officials to announce the government’s approval of the SunZia project.
Jewell told The Associated Press in a telephone interview that New Mexico is blessed with sunshine and wind, but those resources will remain stranded unless investments are made in transmission infrastructure.
SunZia represents a win for the environment and for the economy, Jewell said.
“This is a sustainable industry that will create jobs,” she said. “It’s an opportunity really for the state to make an investment in a future that is not tied to commodity prices, the vagaries of oil and gas prices and the boom-and-bust cycle that is so prevalent in that industry…
U.S. Interior Secretary Sally Jewell was joined Saturday by members of New Mexico’s congressional delegation and other federal officials to announce the government’s approval of the SunZia project.
Jewell told The Associated Press in a telephone interview that New Mexico is blessed with sunshine and wind, but those resources will remain stranded unless investments are made in transmission infrastructure.
SunZia represents a win for the environment and for the economy, Jewell said.
“This is a sustainable industry that will create jobs,” she said. “It’s an opportunity really for the state to make an investment in a future that is not tied to commodity prices, the vagaries of oil and gas prices and the boom-and-bust cycle that is so prevalent in that industry…
Poles take to the streets to demand govt help after their Swiss-franc mortgage payments soar
– canadianbusiness.com
WARSAW, Poland – Poles who have taken out mortgages in Swiss francs are protesting in a number of cities, demanding government help after the franc soared in recent weeks, making their monthly payments significantly higher.
It’s a pressing issue in Poland, where there’s more than 500,000 outstanding Swiss-franc loans in this nation of 38 million people. It threatens to become a serious problem for the government ahead of parliamentary elections later this year.
About 200 people gathered in front of the presidential palace in Warsaw on Saturday, and similar protests were also held in Krakow, Lodz, Gdansk and Wroclaw.
Many Poles took out such loans several years ago, lured by Swiss interest rates that were much lower than those on Polish zloty loans. After the financial crisis, the Swiss-franc loans were virtually banned.
The post Poles take to the streets to demand govt help after their Swiss-franc mortgage payments soar appeared first on Canadian Business.
It’s a pressing issue in Poland, where there’s more than 500,000 outstanding Swiss-franc loans in this nation of 38 million people. It threatens to become a serious problem for the government ahead of parliamentary elections later this year.
About 200 people gathered in front of the presidential palace in Warsaw on Saturday, and similar protests were also held in Krakow, Lodz, Gdansk and Wroclaw.
Many Poles took out such loans several years ago, lured by Swiss interest rates that were much lower than those on Polish zloty loans. After the financial crisis, the Swiss-franc loans were virtually banned.
The post Poles take to the streets to demand govt help after their Swiss-franc mortgage payments soar appeared first on Canadian Business.
Grand Strategy in the Real World
– online.wsj.com
When the Cold War order broke down, and Iraq invaded Kuwait, Brent Scowcroft served as an ‘honest broker’ among factions, though his own cautious realism often won the day.Ocwen Financial to pay $2.5 million, submit to audit to keep California mortgage license
– canadianbusiness.com
SACRAMENTO, Calif. – Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California.
The settlement announced late Friday by California’s Department of Business Oversight stems from Ocwen’s refusal to turn over records sought by state regulators as part of an examination of its lending practices.
The standoff prompted California to initiate proceedings to suspend Ocwen’s license, an action that now will be dropped as part of the agreement.
Ocwen won’t be able to take on any new customers in California until state regulators are satisfied the Atlanta company will promptly respond to future demands for business records.
Ocwen didn’t immediately respond to a Saturday request for comment about the settlement.
The post Ocwen Financial to pay $2.5 million, submit to audit to keep California mortgage license appeared first on Canadian Business.
The settlement announced late Friday by California’s Department of Business Oversight stems from Ocwen’s refusal to turn over records sought by state regulators as part of an examination of its lending practices.
The standoff prompted California to initiate proceedings to suspend Ocwen’s license, an action that now will be dropped as part of the agreement.
Ocwen won’t be able to take on any new customers in California until state regulators are satisfied the Atlanta company will promptly respond to future demands for business records.
Ocwen didn’t immediately respond to a Saturday request for comment about the settlement.
The post Ocwen Financial to pay $2.5 million, submit to audit to keep California mortgage license appeared first on Canadian Business.
