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I am a business economist with interests in international trade worldwide through politics, money, banking and VOIP Communications. The author of RG Richardson City Guides has over 300 guides, including restaurants and finance.

eComTechnology Posts

The Court That Let Democracy Bleed

The Court That Let Democracy Bleed MeidasTouch Network and Michael Cohen Jul 15, 2025 Guest article by Michael Cohen In a chilling, unsigne...

Freedom Convoy Class Action clears hurdle

 Freedom Convoy: Proposed class-action lawsuit clears hurdle

Published: 

A proposed class action lawsuit against those who allegedly organized and funded the "Freedom Convoy" protests cleared another hurdle on Thursday when the Ontario Court of Appeal refused to dismiss the case. A person walks among trucks on Wellington Street during a protest against COVID-19 measures that grew into a broader anti-government protest in Ottawa on Monday, Feb. 14, 2022. THE CANADIAN PRESS/Justin Tang

A proposed class action lawsuit against those who allegedly organized and funded the “Freedom Convoy” protests cleared another hurdle on Thursday when the Ontario Court of Appeal refused to dismiss the case.

Some downtown Ottawa residents and businesses are suing for $290 million, alleging personal suffering and business losses from the 2022 protest.

The lawsuit has not yet been certified as a class action.

The defendants tried to get the case thrown out of court by arguing that their protest was in the public interest, but the Court of Appeal upheld a lower court’s ruling allowing the lawsuit to proceed.

In court documents, the defendants say they plan to argue they were following police direction when they parked their trucks in Ottawa’s downtown core.

The Court of Appeal panel said it saw no evidence to suggest that “police directed the truckers to remain parked on public streets” for as long as they did, or to “honk their horns with the frequency and intensity they did.”

“(The motion judge) understood the political motivation and goals of the convoy protest, and he understood the harm the residents and businesses in the protest zone contended they had suffered as a result of how the protest was conducted,” Justice David Brown wrote on behalf of the three-judge panel.

Brown said he saw no error in how the lower court weighed the harm to the residents and businesses against the public interest element of the protest.

This report by The Canadian Press was first published March 6, 2025.

The Canadian Press

Quantum teleportation has been achieved

 Quantum teleportation has been achieved, scientists say. Like magic, quantum computers that weren’t hooked up to one another in any conventional way just ran an algorithm together—a crucial breakthrough that could make it easier to build quantum supercomputers. A team of Oxford researchers engineered interactions between computers that were six-and-a-half feet apart by transmitting information via photons, aka light, instead of using electrical signals. Getting the computers to work together across their physical distance showed that “network-distributed quantum information processing is feasible with current technology,” the lead investigator, David Lucas, said. Though some experts think we’re still decades away from quantum computers going mainstream, Bill Gates recently said he thinks it could happen in the next five years.

Meet Canada’s central banker turned Prime Minister

Photo of Mark Carney

Dave Chan/Getty Images

Who said economics majors are unpopular? Canada elected central banker extraordinaire Mark Carney as the leader of the Liberal Party on Sunday, making him Justin Trudeau’s successor as Prime Minister.

When he’s sworn in this week, Carney will inherit a country in the midst of an economic hailstorm brought on by US tariffs. But he knows a thing or two about tough economic climates, and he’s regarded by economists as a rock star central banker.

Who is this guy? Carney is like a living Patagonia vest—he studied at Harvard and Oxford before a 13-year stint at Goldman Sachs. Despite having no political experience, he made his way into the spotlight after years of successfully piloting countries through the economic equivalents of Scylla and Charybdis as the head of two central banks.

  • Carney ran the Bank of Canada from 2008–2013, helping stabilize the country through the aftermath of the Great Financial Crisis.
  • The Bank of England recruited him in 2013 to steer the country through Brexit. He was the first non-Brit to hold the position since the bank’s founding in 1694.

He already came out swingin’. In his acceptance speech, Carney said that President Trump is “attacking Canadian workers, families, and businesses.” He also indicated that he plans to keep reciprocal tariffs on US goods until the US starts to show some “respect.”—CC

Elected Republicans are AFRAID TRUMP WILL HARM THEM & THEIR FAMILIES!!!

American scientists say their work is under attack and ask Canadians for help

American scientists say their work is under attack and ask Canadians for help While fielding questions at the front of a packed conference room in Boston, Gretchen Goldman checks her phone. She's waiting to find out if her husband will be fired in the latest round of layoffs of federal scientists under U.S. President Donald Trump. A month ago, Goldman voluntarily left her own government job in D.C. as climate change research and technology director at the Department of Transportation. She saw the writing on the wall. Goldman is now the president of an advocacy group, the Union of Concerned Scientists, and can speak out while many of her former colleagues cannot over fear of losing their jobs. "Science is under attack in the United States," she said in an interview after the panel. "I think we're seeing a lot of fear and people not feeling they can speak up." American and international scientists from various fields across government, academic, industry and research institutions gathered in Boston for the three-day annual conference hosted by the American Association for the Advancement of Science. Some of the scientists were guarded around media, afraid to say too much. Others were still processing the breakneck speed of widespread layoffs, slashing of research-funding, data purges and new restrictions imposed on U.S. scientific institutions like the Environmental Protection Agency (EPA), the National Oceanic and Atmospheric Administration (NOAA), the Centers for Disease Control and Prevention (CDC) and the National Institutes of Health (NIH). AAAS program organizers had to scramble for last-minute substitutions to replace federal scientists who dropped out because they'd suddenly been banned from travelling.

Trump White House seeks tighter grip on message with new limits/censorship on press

Trump White House seeks tighter grip on message with new limits on press 
In the White House briefing room Tuesday, the Trump administration announced its latest steps to tighten its grip on the message it sends out and the news coverage it receives. This is a Regime not democratic republicans!

Energy Transfer Partners lawsuit could bankrupt Greenpeace

 

Dakota Access Pipeline protesters

Pacific Press/Getty Images

One of the biggest environmental advocacy networks in the world says it might have to shut down if it loses a lawsuit brought by Energy Transfer Partners, the owner of the Dakota Access Pipeline, that went to trial yesterday.

The suit accuses Greenpeace, its grant-making arm, and Greenpeace International of trespassing, defamation, and financial harm over their support for the Standing Rock Sioux Tribe’s 2016/2017 nonviolent protests against the Dakota Access Pipeline’s construction.

Energy Transfer is seeking $300 million from Greenpeace USA, more than 10x the nonprofit’s annual budget, according to the New York Times. Energy Transfer is worth almost $70 billion.

Constitutional rights experts are watching closely:

  • More than 430+ organizations including Amnesty International and the American Federation of Teachers have signed an open letter condemning the lawsuit as an attempt to suppress free speech and peaceful protest.
  • Energy Transfer has denied the anti-free speech allegations, saying the suit is about “them not following the law.”

SLAPP in the face: Legal experts told The Guardian and NPR that they agree with Greenpeace that the case amounts to a Strategic Lawsuit Against Public Participation, aka litigation that aims to silence a corporation’s critic with expensive court proceedings. North Dakota, where the trial is taking place over the next five weeks, is one of 15 states without anti-SLAPP laws, which can help defendants get cases dismissed and recover legal costs.—ML

The foundations of America’s prosperity are being dismantled

The foundations of America’s prosperity are being dismantled Ever since World War II, the US has been the global leader in science and technology—and benefited immensely from it. Research fuels American innovation and the economy in turn. Scientists around the world want to study in the US and collaborate with American scientists to produce more of that research. These international collaborations play a critical role in American soft power and diplomacy. The products Americans can buy, the drugs they have access to, the diseases they’re at risk of catching—are all directly related to the strength of American research and its connections to the world’s scientists. That scientific leadership is now being dismantled, according to more than 10 federal workers who spoke to MIT Technology Review, as the Trump administration—spearheaded by Elon Musk’s Department of Government Efficiency (DOGE)—slashes personnel, programs, and agencies. Meanwhile, the president himself has gone after relationships with US allies. These workers come from several agencies, including the Departments of State, Defense, and Commerce, the US Agency for International Development, and the National Science Foundation. All of them occupy scientific and technical roles, many of which the average American has never heard of but which are nevertheless critical, coordinating research, distributing funding, supporting policymaking, or advising diplomacy. They warn that dismantling the behind-the-scenes scientific research programs that backstop American life could lead to long-lasting, perhaps irreparable damage to everything from the quality of health care to the public’s access to next-generation consumer technologies. The US took nearly a century to craft its rich scientific ecosystem; if the unraveling that has taken place over the past month continues, Americans will feel the effects for decades to come. Most of the federal workers spoke on condition of anonymity because they were not authorized to talk or for fear of being targeted. Many are completely stunned and terrified by the scope and totality of the actions. While every administration brings its changes, keeping the US a science and technology leader has never been a partisan issue. No one predicted the wholesale assault on these foundations of American prosperity. “If you believe that innovation is important to economic development, then throwing a wrench in one of the most sophisticated and productive innovation machines in world history is not a good idea,” says Deborah Seligsohn, an assistant professor of political science at Villanova University who worked for two decades in the State Department on science issues. “They’re setting us up for economic decline.” The biggest funder of innovation The US currently has the most top-quality research institutes in the world. This includes world-class universities like MIT (which publishes MIT Technology Review) and the University of California, Berkeley; national labs like Oak Ridge and Los Alamos; and federal research facilities run by agencies like the National Oceanic and Atmospheric Administration and the Department of Defense. Much of this network was developed by the federal government after World War II to bolster the US position as a global superpower. Before the Trump administration’s wide-ranging actions, which now threaten to slash federal research funding, the government remained by far the largest supporter of scientific progress. Outside of its own labs and facilities, it funded more than 50% of research and development across higher education, according to data from the National Science Foundation. In 2023, that came to nearly $60 billion out of the $109 billion that universities spent on basic science and engineering. The return on these investments is difficult to measure. It can often take years or decades for this kind of basic science research to have tangible effects on the lives of Americans and people globally, and on the US’s place in the world. But history is littered with examples of the transformative effect that this funding produces over time. The internet and GPS were first developed through research backed by the Department of Defense, as was the quantum dot technology behind high-resolution QLED television screens. Well before they were useful or commercially relevant, the development of neural networks that underpin nearly all modern AI systems was substantially supported by the National Science Foundation. The decades-long drug discovery process that led to Ozempic was incubated by the Department of Veterans Affairs and the National Institutes of Health. Microchips. Self-driving cars. MRIs. The flu shot. The list goes on and on. In her 2013 book The Entrepreneurial State, Mariana Mazzucato, a leading economist studying innovation at University College London, found that every major technological transformation in the US, from electric cars to Google to the iPhone, can trace its roots back to basic science research once funded by the federal government. If the past offers any lesson, that means every major transformation in the future could be shortchanged with the destruction of that support. The Trump administration’s distaste for regulation will arguably be a boon in the short term for some parts of the tech industry, including crypto and AI. But the federal workers said the president’s and Musk’s undermining of basic science research will hurt American innovation in the long run. “Rather than investing in the future, you’re burning through scientific capital,” an employee at the State Department said. “You can build off the things you already know, but you’re not learning anything new. Twenty years later, you fall behind because you stopped making new discoveries.” A global currency The government doesn’t just give money, either. It supports American science in numerous other ways, and the US reaps the returns. The Department of State helps attract the best students from around the world to American universities. Amid stagnating growth in the number of homegrown STEM PhD graduates, recruiting foreign students remains one of the strongest pathways for the US to expand its pool of technical talent, especially in strategic areas like batteries and semiconductors. Many of those students stay for years, if not the rest of their lives; even if they leave the country, they’ve already spent some of their most productive years in the US and will retain a wealth of professional connections with whom they’ll collaborate, thereby continuing to contribute to US science. The State Department also establishes agreements between the US and other countries and helps broker partnerships between American and international universities. That helps scientists collaborate across borders on everything from global issues like climate change to research that requires equipment on opposite sides of the world, such as the measurement of gravitational waves. The international development work of USAID in global health, poverty reduction, and conflict alleviation—now virtually shut down in its entirety—was designed to build up goodwill toward the US globally; it improved regional stability for decades. In addition to its inherent benefits, this allowed American scientists to safely access diverse geographies and populations, as well as plant and animal species not found in the US. Such international interchange played just as critical a role as government funding in many crucial inventions. Several federal agencies, including the Centers for Disease Control and Prevention, the Environmental Protection Agency, and the National Oceanic and Atmospheric Administration, also help collect and aggregate critical data on disease, health trends, air quality, weather, and more from disparate sources that feed into the work of scientists across the country. The National Institutes of Health, for example, has since 2015 been running the Precision Medicine Initiative, the only effort of its kind to collect extensive and granular health data from over 1 million Americans who volunteer their medical records, genetic history, and even Fitbit data to help researchers understand health disparities and develop personalized and more effective treatments for disorders from heart and lung disease to cancer. The data set, which is too expensive for any one university to assemble and maintain, has already been used in hundreds of papers that will lay the foundation for the next generation of life-saving pharmaceuticals. Beyond fueling innovation, a well-supported science and technology ecosystem bolsters US national security and global influence. When people want to study at American universities, attend international conferences hosted on American soil, or move to the US to work or to found their own companies, the US stays the center of global innovation activity. This ensures that the country continues to get access to the best people and ideas, and gives it an outsize role in setting global scientific practices and priorities. US research norms, including academic freedom and a robust peer review system, become global research norms that lift the overall quality of science. International agencies like the World Health Organization take significant cues from American guidance. US scientific leadership has long been one of the country’s purest tools of soft power and diplomacy as well. Countries keen to learn from the American innovation ecosystem and to have access to American researchers and universities have been more prone to partner with the US and align with its strategic priorities. Just one example: Science diplomacy has long played an important role in maintaining the US’s strong relationship with the Netherlands, which is home to ASML, the only company in the world that can produce the extreme ultraviolet lithography machines needed to produce the most advanced semiconductors. These are critical for both AI development and national security. International science cooperation has also served as a stabilizing force in otherwise difficult relationships. During the Cold War, the US and USSR continued to collaborate on the International Space Station; during the recent heightened economic competition between the US and China, the countries have remained each other’s top scientific partners. “Actively working together to solve problems that we both care about helps maintain the connections and the context but also helps build respect,” Seligsohn says. The federal government itself is a significant beneficiary of the country’s convening power for technical expertise. Among other things, experts both inside and outside the government support its sound policymaking in science and technology. During the US Senate AI Insight Forums, co-organized by Senator Chuck Schumer through the fall of 2023, for example, the Senate heard from more than 150 experts, many of whom were born abroad and studying at American universities, working at or advising American companies, or living permanently in the US as naturalized American citizens. Federal scientists and technical experts at government agencies also work on wide-ranging goals critical to the US, including building resilience in the face of an increasingly erratic climate; researching strategic technologies such as next-generation battery technology to reduce the country’s reliance on minerals not found in the US; and monitoring global infectious diseases to prevent the next pandemic. “Every issue that the US faces, there are people that are trying to do research on it and there are partnerships that have to happen,” the State Department employee said. A system in jeopardy Now the breadth and velocity of the Trump administration’s actions has led to an unprecedented assault on every pillar upholding American scientific leadership. For starters, the purging of tens of thousands—and perhaps soon hundreds of thousands—of federal workers is removing scientists and technologists from the government and paralyzing the ability of critical agencies to function. Across multiple agencies, science and technology fellowship programs, designed to bring in talented early-career staff with advanced STEM degrees, have shuttered. Many other federal scientists were among the thousands who were terminated as probationary employees, a status they held because of the way scientific roles are often contractually structured. Some agencies that were supporting or conducting their own research, including the National Institutes of Health and the National Science Foundation, are no longer functionally operational. USAID has effectively shuttered, eliminating a bastion of US expertise, influence, and credibility overnight. “Diplomacy is built on relationships. If we’ve closed all these clinics and gotten rid of technical experts in our knowledge base inside the government, why would any foreign government have respect for the US in our ability to hold our word and in our ability to actually be knowledgeable?” a terminated USAID worker said. “I really hope America can save itself.” Now the Trump administration has sought to reverse some terminations after discovering that many were key to national security, including nuclear safety employees responsible for designing, building, and maintaining the country’s nuclear weapons arsenal. But many federal workers I spoke to can no longer imagine staying in the public sector. Some are considering going into industry. Others are wondering whether it will be better to move abroad. “It’s just such a waste of American talent,” said Fiona Coleman, a terminated federal scientist, her voice cracking with emotion as she described the long years of schooling and training she and her colleagues went through to serve the government. Many fear the US has also singlehandedly kneecapped its own ability to attract talent from abroad. Over the last 10 years, even as American universities have continued to lead the world, many universities in other countries have rapidly leveled up. That includes those in Canada, where liberal immigration policies and lower tuition fees have driven a 200% increase in international student enrollment over the last decade, according to Anna Esaki-Smith, cofounder of a higher-education research consultancy called Education Rethink and author of Make College Your Superpower. Germany has also seen an influx, thanks to a growing number of English-taught programs and strong connections between universities and German industry. Chinese students, who once represented the largest share of foreign students in the US, are increasingly staying at home or opting to study in places like Hong Kong, Singapore, and the UK. During the first Trump administration, many international students were already more reluctant to come to the US because of the president’s hostile rhetoric. With the return and rapid escalation of that rhetoric, Esaki-Smith is hearing from some universities that international students are declining their admissions offers. Add to that the other recent developments—the potential dramatic cuts in federal research funding, the deletion of scores of rich public data sets on health and the environment, the clampdown on academic freedom for research that appears related to diversity, equity, and inclusion and the fear that these restrictions could ultimately encompass other politically charged topics like climate change or vaccines—and many more international science and engineering students could decide to head elsewhere. “I’ve been hearing this increasingly from several postdocs and early-career professors, fearing the cuts in NIH or NSF grants, that they’re starting to look for funding or job opportunities in other countries,” Coleman told me. “And then we’re going to be training up the US’s competitors.” The attacks could similarly weaken the productivity of those who stay at American universities. While many of the Trump administration’s actions are now being halted and scrutinized by US judges, the chaos has weakened a critical prerequisite for tackling the toughest research problems: a long-term stable environment. With reports that the NSF is combing through research grants for words like “women,” “diverse,” and “institutional” to determine whether they violate President Trump’s executive order on DEIA programs, a chilling effect is also setting in among federally funded academics uncertain whether they’ll get caught in the dragnet. To scientists abroad, the situation in the US government has marked American institutions and researchers as potentially unreliable partners, several federal workers told me. If international researchers think collaborations with the US can end at any moment when funds are abruptly pulled or certain topics or keywords are suddenly blacklisted, many of them could steer clear and look to other countries. “I’m really concerned about the instability we’re showing,” another employee at the State Department said. “What’s the point in even engaging? Because science is a long-term initiative and process that outlasts administrations and political cycles.” Meanwhile, international scientists have far more options these days for high-caliber colleagues to collaborate with outside America. In recent years, for example, China has made a remarkable ascent to become a global peer in scientific discoveries. By some metrics, it has even surpassed the US; it started accounting for more of the top 1% of most-cited papers globally, often called the Nobel Prize tier, back in 2019 and has continued to improve the quality of the rest of its research. Where Chinese universities can also entice international collaborators with substantial resources, the US is more limited in its ability to offer tangible funding, the State employee said. Until now, the US has maintained its advantage in part through the prestige of its institutions and its more open cultural norms, including stronger academic freedom. But several federal scientists warn that this advantage is dissipating. “America is made up of so many different people contributing to it. There’s such a powerful global community that makes this country what it is, especially in science and technology and academia and research. We’re going to lose that; there’s not a chance in the world that we’re not going to lose that through stuff like this,” says Brigid Cakouros, a federal scientist who was also terminated from USAID. “I have no doubt that the international science community will ultimately be okay. It’ll just be a shame for the US to isolate themselves from it.”

'Til Death Do Us Part

 

Background

Marriage is a legally or socially binding union between two or more people, often—but not always, depending on cultural and historical context—between a woman and a man. It is accompanied by complex cultural obligations in terms of property ownership, child-rearing, social roles, emotional support, sexual access, and kinship.

 

Social scientists have advanced theories explaining this elaborate bonding process. A functionalist view suggests that marriages supply social stability, a sexual outlet for adults, domestic labor, legitimate offspring, and a foundation for socializing children. A simpler argument suggests it was invented to recognize the pairing of adults and their children.

 

History of the Institution

The oldest recorded marriage occurred in Mesopotamia around 2350 BCE. Scholars believe that early marriages were primarily patriarchal and revolved around political alliances and owning property, including (sometimes multiple) wives and children, rather than affection.

 

Early recorded instances of marriage in Asia occurred much later, between 402 and 221 BCE in China. Ceremonies consisted of elaborate exchanges of gifts, astrological readings, and feasts. The bride and groom might not meet until the wedding day, and some reluctant brides were locked in wooden sedan chairs and carried to the groom’s family estates.

 

Historical African marital relationships are harder to generalize. Matrilineal societies, where lineage and inheritance are passed through the female line, exist across parts of central Africa. While monogamy is widely practiced, polygyny—the practice of marrying multiple wives, and polyandry, or multiple husbands per wife—has been permitted across large swaths of the continent.

 

The linkage of love and marriage arose during the 18th-century Enlightenment and the search for individual happiness. Industrialization led to widespread urban migration, helping to decouple marriage from economic alliances and giving more people opportunities to seek love and fortune. Today, almost 90% of Americans see love as the key component of a successful marriage.

 

Same-sex marriage, legalized in the US in 2015, was recorded in Rome around the first century, with the Roman emperor Nero marrying an unconsenting male slave in a public ceremony. In what is now known as the Americas, alternative partnerships were common before colonization.

 

Divorce has likely always existed alongside marriage. Historian Stephanie Coontz reports that divorce rates among hunter-gatherer groups and early agriculturalists resemble those of modern times.

 

Rules and Rituals

In the US and many other countries, marriage is a legal institution regulated by state authorities with rules around marriage licenses, ceremonial authorities, and age limits. US states only recognize legal unions between two people.

 

States have been stripped of some rights to regulate marriage. Those that previously prohibited interracial marriage had their antimiscegenation laws struck down by the Supreme Court in 1967.

 

Ritual practices are an inextricable part of courtship and weddings. From Ghana came the practice of sweeping away past strife with a broom and then jumping over it, which is still observed by African couples in numerous countries.

 

Does the couple even need to be alive? Ghost weddings are practiced in China and other countries to ensure dead family members aren’t alone in the afterlife. They can unite two deceased partners or one living and one dead.

 

Modern Marriage

The marriage rate in the US has plummeted by almost 60% since the 1970s. More than half of Americans believe marriage is important but not essential to leading a fulfilling life. On average, Americans are marrying later while women, now more financially independent, are more than twice as likely as men to file for divorce.

 

Social and economic factors, including higher costs of living, may be contributing to falling marriage rates. While rates among higher-income groups have remained steady, fewer middle- and working-class people, particularly men, have the financial means to marry and support a family.

 

Contemporary divorce rates in the US hover between 40% and 50% for first marriages. Subsequent marriages are even more likely to lead to divorce, with partners in around 60% of second marriages and over 70% of third marriages separating. The rate of “gray divorces” involving spouses over 50 has roughly doubled since the 1990s.

 

While marriage isn’t going away, some are content to explore alternative arrangements. As of 2021, one-quarter of US 40-year-olds had never been married (up from 6% in 1980), while around one in five cohabited with a partner.

 

Roughly 40% of Americans are pessimistic about the future of marriage. Many factors have driven a rise in couples therapy, which attempts to salvage broken relationships.

List Of Blue States And Red States In The United States (2025)

 List Of Blue States And Red States In The United States (2025)

The use of the term Blue or Red has been expanded to differentiate between states being perceived as Liberal and those perceived as Conservative. It is now seen that the “Democratic Blue” and “Republican Red” color scheme is now part of the lexicon of American journalism.

However, the fun fact is that neither of the party national committees has officially accepted these color designations, though informal use by each party is becoming common.

Nevertheless, both parties have adopted logos that use their respective colors i.e., a blue “D” for Democrats and a white “GOP” with a red elephant for Republicans.


Friedrich Merz is poised to become Germany’s next chancellor - MAGA?

Friedrich Merz is poised to become Germany’s next chancellor in a government led by the Christian Democratic Union and its sister party, the Christian Social Union. Merz has previously worked as a judge and lawyer and has served as the chairman of BlackRock Germany’s supervisory board. He is seen as a center-right, pro-business politician. Joachim-Friedrich Martin Josef Merz is a German politician who has served as Leader of the Christian Democratic Union (CDU) since January 2022 and led the CDU/CSU (Union) parliamentary group as well as being Leader of the Opposition in the Bundestag since February 2022. In September 2024, he became the Union's candidate for Chancellor of Germany ahead of the 2025 federal election. This to me is MAGA Right Wing parading Christianity just like they do in the U.S.

Quebec’s private long-term care homes risk closing 1,200 beds

 By William Crooks

Local Journalism Initiative

Quebec’s long-term care system is facing a funding crisis that could force the closure of 1,200 beds in private subsidized CHSLDs, exacerbating an already strained healthcare network. Annick Lavoie, Director General of the Association des établissements privés conventionnés (AEPC), warns that without immediate government action, seniors will bear the brunt of the financial shortfall.

Lavoie explained in an interview that the issue stems from years of inadequate budget indexation for essential goods such as food and cleaning supplies. “Over the past five years, our budget for essentials like food and cleaning supplies has fallen behind by about 12 per cent,” she said. While funding for direct healthcare services remains stable, facilities are struggling to maintain day-to-day operational standards.

The impact is already being felt in CHSLDs, where cleaning protocols and food quality have been affected. “During COVID-19, we cleaned three times a day,” Lavoie noted. “Now, we may only be able to do it once because we simply don’t have the budget for the supplies and manpower.”

Food services are another area being compromised. With the rising cost of fresh produce, some homes may have to turn to canned alternatives. “Instead of fresh vegetables and fruit, we may have to rely on canned goods,” Lavoie said. “It’s unfortunate because fresh food is more nutritious and tastes better.”

According to a press release signed by Lavoie and AEPC board president Stéphane Roy, the financial instability is the result of a long-standing underfunding issue. The organization has been urging the Quebec government to revise its funding model for years, warning that failure to act will lead to serious consequences for both seniors and the broader healthcare system. The AEPC argues that private subsidized CHSLDs provide the same services as public facilities, employing unionized staff under identical conditions, yet they are being left to struggle financially.

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L’article Quebec’s private long-term care homes risk closing 1,200 beds est apparu en premier sur Sherbrooke Record.

Bitcoin in the dumps

 

A bitcoin falling downward

Anna Kim

This isn’t what decentralized coin enthusiasts expected in the first 100 days of the new crypto-friendly administration: After President Donald Trump reaffirmed his tariff plans Thursday, Bitcoin traded below $80,000 yesterday for the first time since November, stoking fears that a crypto winter could be coming amid a broader pullback in risky investments.

BTC reached 28% below its high of ~$109k from Inauguration Day yesterday before recovering from a ~7% dive by the afternoon.

  • Still, Bitcoin shed more than 20% in February, marking its worst month since June 2022.
  • Spooked crypto traders offloaded their BTC at a realized loss of ~$1 billion/day for three consecutive days this week, the biggest wipeout since August, CoinDesk reported.
  • Spot Bitcoin ETFs have also lost more than $3 billion since Feb. 18. Traders pulled out $1 billion on Tuesday alone—the biggest single-day outflow since Bitcoin ETFs hit Wall Street.

In total…the crypto market has lost $1 trillion since peaking at $3.72 trillion in mid-December.

What’s driving the rout

Tariff certainty and inflation uncertainty are making investors feel more cautious about turbulent assets, especially crypto.

  • Trade tensions triggered yesterday’s Bitcoin selloff and broader market declines—tariffs of 25% on Canada and Mexico plus another 10% on China will take effect next week, Trump affirmed Thursday.
  • Inflation has also stayed higher than the Federal Reserve would like, so hopes for more interest rate cuts in the near future have largely fizzled, causing traders to pull back.

Undercutting crypto trust, digital currency exchange Bybit lost $1.5 billion ethereum to hackers in the biggest crypto theft ever last week, which contributed to the Bitcoin sell-off.

But in good news for crypto…the SEC delivered on Trump’s campaign promises and decided to drop investigations into crypto exchanges Robinhood and Coinbase over the past week. The agency then declared memecoins like $DOGE—the sixth-largest cryptocurrency—to be collectibles and not securities, putting them outside its regulatory purview.—ML

Canadian food USA imports need a serious look!

Canadian food USA imports need a serious look! Jim Jones, head of the food division at the Food and Drug Administration, has resigned, according to a source familiar with the matter. The division is tasked with ensuring that the country's food supply is safe, overseeing inspections and recalls. Jones' resignation comes after the Trump administration last week cut thousands of federal workers, including some who worked at the FDA. The source didn’t provide a reason for Jones' resignation.

Crypto exchange Bybit Theft

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known theft of crypto in history. The previous highest crypto breaches were the hacks against the Ronin Network and Poly Network, which resulted in the loss of $624 million and $611 million, respectively, according to data collected by Rekt, a site that tracks web3 and crypto breaches. “In fact, it may even be the largest single theft of all time,” Tom Robinson, Elliptic’s co-founder and chief scientist told TechCrunch, referring to any kind of theft, not just data breaches. Prior to Bybit’s breach, the withdrawal of around $1 billion from the Central Bank of Iraq is said to be the largest bank robbery of all time, according to the financial news site World Finance. Zhou wrote on X that the hacker “took control” of one of the company’s cold wallets, referring to a digital wallet that stores cryptocurrency but in theory isn’t connected to the internet, and transferred funds to a “warm” wallet, which is online. When reached for comment, Bybit spokesperson Tony Au referred to Zhou’s public posts. In one post, Zhou wrote that the company is “solvent” and “can cover the loss” even if it can’t recover the stolen funds.