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ST. JOHN’S, N.L. — Two former premiers of Newfoundland and Labrador say a draft energy agreement signed Thursday with Quebec shattered a political standoff that leaders had been trying to end for decades. Brian Tobin, a Liberal premier from 1996 to 2000, said the shift in political alignment will be good for the provinces, and for the entire country. “I think it is a long-awaited breaking of a gridlock in the relationship between Newfoundland and Labrador and Quebec,” he said in an interview Friday. “I think that this is really important.” The tensions stem from a contract signed by the two provinces in 1969, which allowed Quebec to buy hydroelectric power from the Churchill Falls plant in Labrador for just 0.2 cents per kilowatt hour. The contract was set to expire in 2041, and there was no allowance for the price to change with the market. On Thursday, Newfoundland and Labrador Liberal Premier Andrew Furey literally tore up a copy of that contract as he sat beside Quebec Premier François Legault in St. John’s, N.L. They inked a new agreement in principle stipulating that Quebec will pay more, beginning with one cent per kilowatt hour in 2025, and increasing in subsequent years. The province will also shell out an average of $1 billion a year until 2041, with increases to follow, and pay a $3.5-billion fee to partner on new energy projects in the Churchill River. Ultimately, Quebec will pay an average of 5.9 cents per kilowatt hour for energy from all Labrador sources over the 50-year contract. The deal comes with stipulations that prices can change along with the market, officials said Thursday. Tobin dismissed questions about whether one cent per kilowatt hour in the first year was enough of an improvement. He pointed to Newfoundland and Labrador’s past unsuccessful attempts to challenge the 1969 deal in court, including in the Supreme Court of Canada. Under those rulings, Quebec has a legal right to continue paying next to nothing for Churchill Falls energy until 2041, Tobin said. Instead, after decades of bickering, they’ve chosen to turn the page. “One of the things that’s important in this agreement is that it was not done with Newfoundland and Labrador’s back to the wall,” he said. “Many other premiers, myself included, tried to address this issue. In my case, there was still 42 or 43 years left in the agreement. So not much incentive for Quebec to become too creative in trying to address our needs.” But Quebec needs energy, and new power projects take at least 10 years to build, so it was time for the province to act, he said. Former Newfoundland and Labrador Liberal premier Roger Grimes was also impressed by the end of the deal that has haunted the province since it was signed in 1969. “Every premier since then wished that they had found a partner in Quebec, like Premier Legault, who was willing to give some redress for (Churchill Falls),” said Grimes, who governed from 2001 to 2003. “And Premier Furey did. And thank God that he seized the moment.” The 1969 contract isn’t the only hydroelectric black eye in Newfoundland and Labrador’s past. The province is still deep in debt because of the Muskrat Falls development, which is also on the Churchill River. The project was approved in 2012 with a price tag of about $7.4 billion, but by the time it was finally commissioned last year after years of delay, the price had nearly doubled. Grimes said the agreement signed Thursday not only rights the wrongs of 1969, but it reflects lessons learned from Muskrat Falls. Under the deal, Quebec will manage the construction of the two new projects and it will absorb all cost overruns while Newfoundland and Labrador will be the majority owner, he said. The Progressive Conservative government under Danny Williams pushed for Muskrat Falls, and Grimes believes Williams was driven by an anger toward Quebec and a need to prove that Newfoundland and Labrador didn’t need them. Now, after Thursday’s agreement, the two provinces are willing partners, in an arrangement that benefits them both, he said. This report by The Canadian Press was first published Dec. 13, 2024. Sarah Smellie, The Canadian PressTaylor Swift, Travis Kelce hosted Jason Kelce’s family for Thanksgiving, report saysThe much-hyped Mike Tyson fight against YouTuber-turned-boxer Jake Paul showed the potential power of Netflix to create live, global sports events on streaming video. For many people though, it also demonstrated the limitations of the technology. Thousands of Netflix users reported technical difficulties while trying to watch the fight. Frustrated viewers contended with buffering and blurry video, a result of tens of millions of households trying to watch the bout at once. It’s the kind of thing that, if the event were aired on a traditional network, would have provoked angry calls to cable companies. Live sports is considered one of the great opportunities for streamers, including Netflix, which need mass audiences tuning in to please advertisers. Companies including Amazon and Apple are spending big, driving up the price of live sports rights and encroaching further on the turf of legacy network rivals. But sports are also a challenge for tech firms. Even without buffering or grainy feeds, live streams are typically delayed compared with cable and satellite broadcasts, which means streaming audiences risk seeing spoilers on social media if the events are simulcast. For Netflix, the stakes are high. The company will host its first live NFL games on Christmas, including one featuring a halftime show from Beyoncé. Netflix is also preparing to air WWE’s “Raw” pro-wrestling franchise starting next year. Brandon Riegg, Netflix’s vice president of nonfiction series and sports, said he has “full faith” in the company’s engineering team, which learned much from the Paul vs. Tyson live match and will adjust before the NFL games. Netflix said it worked quickly to stabilize the viewing for a majority of its subscribers during the boxing event, in which the 27-year-old Paul defeated the 58-year-old Tyson. “We were overwhelmed in the sense of the expectation — it far exceeded our expectations in terms of how many people came to the fight,” Riegg told The Los Angeles Times. “It’s as simple as that. As much as we forecast how many people would come, many, many more people came. It’s impossible for our engineering team to test that magnitude of traffic and viewership unless they have a real, live thing, which is what happened.” On the bright side, Netflix showed that it can be a big draw for sports fans, with an average audience of 108 million live viewers globally tuning in for the fight. Netflix said there were 65 million live concurrent streams, calling it the “most-streamed global sporting event ever.” Industry observers say the day is coming when streamers could place their own bid to host the Super Bowl on their platforms, as long as they can handle the traffic. “Once they prove that they’re capable of delivering a consistent, robust, top-of-the-line, premium experience for these events that consumers have grown to expect, then I have no doubt that we’re going to get there,” said Rob Rosenberg, a former Showtime Networks executive and founder of New York-based Telluride Legal Strategies. The technological challenges aren’t unique to Netflix. Glitches have arisen during other live events streamed on competitors’ platforms, including on YouTube during an NFL game last year and on Amazon’s Prime Video during a Thursday Night Football game in 2022. There are various reasons why buffering occurs, particularly with a highly-anticipated program. When a sporting event is being live streamed, the captured video is released in smaller segments of a few seconds in length that are then transmitted to streaming subscribers and decoded by the users’ devices. If too many devices are seeking those video segments at the same time, it can cause a backlog. Streamers can try to solve the problem by rerouting traffic, but even that sometimes isn’t enough. Streaming services can try to prepare ahead of time by buying more bandwidth capacity from the internet service providers, but it can be difficult to guess how many people will watch, especially if the streamer is new to a particular type of content. There may be limits on how much bandwidth companies can buy. For example, Australia has much less available bandwidth compared with the United States, said Simon Wistow, a co-founder and vice president of strategic initiatives at cloud computing company Fastly. Wistow added that if streamers buy too much capacity and it isn’t used, that’s wasted money. “There’s a lot of complexities, a lot of things go on,” Wistow said. “The scale of internet traffic just gets bigger and bigger every year.” Netflix said it will improve its systems to better handle live events at unprecedented scale and work with ISPS to continue increasing its capacity. The company has been steadily putting on more live events, such as a hot dog eating competition, Screen Actors Guild Awards and a tennis exhibition match. The company’s first live event was a Chris Rock comedy special last year, which has drawn 23.5 million views. An early effort at live streaming, a “Love Is Blind” reunion special, encountered technical trouble due to a bug that went unnoticed until people tried to watch the program. The Paul vs. Tyson event was a new milestone for Netflix’s live streaming efforts. For some viewers, like Florida resident Malcolm Scott, the streamer’s issues were unacceptable. Scott even sued Netflix for breach of contract last week, alleging that Netflix viewers missed large portions of the fight. Netflix declined to comment on the lawsuit. Brian Comiskey, a futurist at the trade group Consumer Technology Assn., chalked Netflix’s problems up to technological growing pains. “At the end of the day this is content being delivered from thousands of miles away via files,” said Comiskey, calling himself a millennial who remembers what it was like pre-smartphone. “This is a tremendous step in technology, but it only gets better from there.” Brian Rolapp, the NFL’s chief media and business officer said he believes Netflix will be ready to stream its games. “I think it shows the power of their global platform, their international reach, which is one reason why we did this deal,” Rolapp said during the Sports Business Journal Media Innovators Conference. “So, I think what they did was pretty extraordinary.” Get local news delivered to your inbox!
SANTA CLARA, Calif. — Once-promising seasons hit new lows for the Chicago Bears and San Francisco 49ers last week. Another late-game meltdown sent the Bears to their sixth straight loss and led to the firing of coach Matt Eberflus. The 49ers suffered their second straight blowout loss and more crushing injuries to go from Super Bowl contenders to outside the playoff picture in a matter of weeks. The two reeling teams will try to get back on track on Sunday when the Bears (4-8) visit the 49ers (5-7) in Chicago's first game under interim coach Thomas Brown . “I told them there is no confidence loss at all as far as what I think about them,” Brown said. “I don’t care what anybody else thinks about them. I think we have a very talented football team. It’s about just putting the work in every single day to give us an opportunity to win.” The Bears are hoping to get an emotional boost from the first in-season firing of a head coach in franchise history. Over the last 10 seasons, teams with interim coaches are 13-11 in their first game with the new coach. Those teams had a .284 winning percentage at the time they fired their coaches. “I wouldn’t say a new voice was needed. I would say there was change that was needed," rookie quarterback Caleb Williams said, pointing to a need for more accountability and better communication. The Niners came into the season as the favorites to get back to the Super Bowl from the NFC after losing the title game to Kansas City last season. But a series of key injuries, bad losses and spotty play have left them in last place in the NFC West with only slim hopes of even reaching the postseason. San Francisco lost 38-10 to Green Bay and 35-10 to Buffalo in back-to-back weeks and lost star running back Christian McCaffrey to a knee injury last week that will sideline him for at least the rest of the regular season. The Niners already lost key players Brandon Aiyuk and Javon Hargrave to season-ending injuries and are preparing to be without stars Nick Bosa and Trent Williams for a third straight week. “It’s just been a rocky mountain for real with the injuries and other stuff we’ve had to go through this season,” receiver Deebo Samuel said. “Our record don’t show how really good we are as a team. We're still believing in this locker room.” Williams described Eberflus’ firing as “interesting” and “tough” and vowed to “roll with the punches” while insisting the chaos and turnover of the past few weeks could help him handle similar situations in the future. Just 12 games into his NFL career, the prized quarterback is on his second head coach and third offensive coordinator, though Brown will continue to call plays. How does he keep the faith that his career is in good hands with this organization? “The first part is understanding I can’t control,” Williams said. “Even if I understand or don’t understand, that doesn’t matter. I have to roll with the punches like I said before. I don’t control everything.” With McCaffrey and Jordan Mason injured, the Niners running game will turn to rookie Isaac Guerendo . The fourth-round pick has 42 carries for 246 yards and two TDs this season and will be making his second start in either college or the pros. Coach Kyle Shanahan said the progress Guerendo has made since training camp makes him ready for his new role as he sees him running with more “urgency.” “I think it takes guys some time,” Shanahan said. “You start to get a feel for it the more, if you’ve got the right stuff, the more you get reps, the more you can adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how when there is a hole how you have to hit it full-speed and can’t hesitate at all or it closes like that. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” San Francisco's usually stout run defense has been anything but that this season. The Niners have struggled to slow down the opposition on the ground all year with the problem getting worse recently. The 49ers allowed 389 yards rushing the past two weeks. “It’s been so frustrating because I know what is supposed to look like,” linebacker Fred Warner said. “That’s not it.” Stopping the run also continues to be a sore spot for Chicago. The Bears rank 25th overall against the run and 29th in yards allowed per rush after another difficult outing last week. They gave up 194 yards, including 144 in the first half as the Lions grabbed a 16-0 lead. Losing veteran defensive tackle Andrew Billings to a torn pectoral muscle last month did not help. He was injured in a Week 9 loss at Arizona and is expected to miss the remainder of the season after having surgery. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!
Ohio State to host Tennessee in first-round showdown to determine No. 1 Oregon's Rose Bowl matchupAST SpaceMobile ( ASTS 12.48% ) stock posted big gains in Friday's trading. The company's share price ended the day up 12.5% and had been up as much as 13.9% earlier in the daily session. The S&P 500 index closed out the day up roughly 0.2%, and the Nasdaq Composite index ended the day up 0.8%. AST SpaceMobile stock gained ground today as investors reacted to President-elect Trump's selection of Jared Isaacman to head NASA. The pick has investors feeling even more bullish about the already red-hot space industry . Trump's NASA pick pushes space stocks higher On Thursday, president-elect Trump nominated Jared Isaacman to lead NASA under his incoming administration. Isaacman has accepted Trump's nomination and said that he foresees a "thriving space economy" and hopes to make major progress on spacefaring capabilities during his anticipated tenure at NASA. Isaacman is a tech billionaire and the CEO of Shift4 Payments and has flown on two private space flights. He is also an associate of Tesla and SpaceX CEO Elon Musk. The pick is being broadly interpreted as a sign that the Trump administration will be supportive of space commercialization efforts and that NASA will expand on its already strengthening relationships with private-sector service providers. Is Musk's influence in the new Trump administration a risk for AST SpaceMobile? Elon Musk's SpaceX company has already been becoming an increasingly central partner and service provider for NASA, and the tech executive is poised to have even greater influence under the incoming Trump administration. As a provider of satellite-based telecommunications services through its Starlink platform, SpaceX is a competitor of AST SpaceMobile. However, Musk's influence and the appointment of Jared Isaacman as head of NASA could actually wind up being a net benefit for AST. There's room for more than one winner in the space-based telecom category, and increased space-commercialization efforts are likely to benefit early leaders in the category. While it's far too early to bake in major performance improvements due to the incoming presidential administration, new NASA leadership, and other politically adjacent factors, the overall operating backdrop appears to be shifting in ways that have the potential to be bullish catalysts for AST stock.