Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
The Kennedy Family Honors Ethel Kennedy at Arlington National Cemetery
WINNIPEG - The Manitoba government is looking to bring in tougher penalties for people who are convicted of impaired driving offences that cause injury or death. A bill introduced in the legislature Thursday would impose a lifetime licence suspension on a driver convicted of two such offences within a 10-year period. That’s an increase from the current 10-year suspension. The bill would also prohibit people convicted of these offences from driving with any alcohol in their blood for seven years for a first offence. “The consequences of driving impaired are tragic — for the victims for the families and the survivors,” Justice Minister Matt Wiebe said Thursday. “Ten per cent of collisions in Manitoba have impaired driving as a contributing factor, and enough is enough.” The bill was introduced on the last day of the fall legislature sitting and is expected to be debated after politicians reconvene March 5. The bill was welcomed by Mothers Against Drunk Driving, known as MADD. “We recognize that there is no one single piece of legislation that will solve impaired driving, and we welcome the government taking steps to deal with those offenders who cause the most serious harm,” said Tanya Hansen Pratt, president of MADD Canada. Pratt’s mother was killed by an impaired driver. The bill was introduced on the last day of a three-week session that frequently saw tensions rise between the governing New Democrats and Opposition Progressive Conservatives. Tom Lindsey, the legislature Speaker, scolded both sides of the house Thursday for over-the-top heckling and other behaviour. On Thursday, just after proceedings recessed for lunch, New Democrat cabinet minister Tracy Schmidt crossed the floor and confronted the Tories. The Tories accused her of aggressively accosting one member, standing over him and pointing her finger down at him while telling him he should not be in the chamber. “The language that was used, from a minister of the Crown, I’ve never seen anything like it. It was awful,” said Grant Jackson, the Tory education critic. He did not provide details or identify which of his colleagues was confronted by Schmidt. Schmidt, the environment minister who is also temporarily filling in as acting education minister, told reporters she went over to the Tory side because she had heard what she considered a racist comment toward the end of the morning debate. “I walked over to the member ... and said to the member that I felt that his comments were racist and I encouraged him sincerely to apologize,” Schmidt told reporters. Schmidt did not say what the comments were or identify the Tory she confronted. “I was immediately surrounded by several male members of their caucus who started shouting at me and telling me to get out of there, and so I got out of there.” Mark Wasyliw, an independent legislature member who was kicked out of the NDP caucus earlier this year, posted on social media that an NDP cabinet minister “lost control” and had a “face-to-face rage-filled direct confrontation” with a Tory. There have been other signs in recent weeks that the Tories and NDP are not getting along. The Tories did not support an attempt by the NDP to quickly set up an all-party committee to examine public support for journalism, saying that the NDP idea has many unanswered questions. The New Democrats have not supported a Tory call for an all-party committee on the issue of trade with the United States and tariff threats by president-elect Donald Trump. This report by The Canadian Press was first published Dec. 5, 2024.Regional Notebook: Dec. 2, 2024ARLINGTON, Va. , Nov. 26, 2024 /PRNewswire/ -- Yesterday, the family of Ethel Kennedy gathered at Arlington National Cemetery to honor and celebrate the extraordinary life of their matriarch. Surrounded by loved ones, Mrs. Kennedy was laid to rest alongside her husband, Senator Robert F. Kennedy , in a solemn ceremony that reflected her profound legacy of faith, compassion, and dedication to public service. Mrs. Kennedy, who passed away at the age of 96, was a beloved figure who left an indelible mark on her family and the world. As the mother of 11 children, grandmother to dozens, and a fierce advocate for social justice, she inspired generations with her tireless work for human rights and her unwavering belief in the power of community. She founded Robert F. Kennedy Human Rights in 1968. A moving video released by the Kennedy family today captures intimate moments from the gathering, showing family members united in remembrance and gratitude. In the video, members of the family share reflections on Mrs. Kennedy's lifelong commitment to carrying forward the ideals of equality and compassion. "We are deeply grateful for the outpouring of love and support during this time," the Kennedy family said in a statement yesterday. "Today, we come together to honor her extraordinary life and the enduring legacy she leaves behind. Her example will continue to guide and inspire us." As Mrs. Kennedy is laid to rest, the Kennedy family invites those who knew and admired her to reflect on her remarkable life and to honor her memory through acts of kindness and service. About Ethel Kennedy Ethel Skakel Kennedy (1928–2024) was a trailblazing advocate for social justice and the wife of Senator Robert F. Kennedy . Known for her enduring commitment to human rights and her devotion to family, she played a pivotal role in advancing causes related to civil rights, poverty, and education. SOURCE Robert F. Kennedy Human Rights
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TORONTO - Canada’s main stock index gained more than 150 points Wednesday after the Bank of Canada cut interest rates, while U.S. stock markets were mixed, led by a 1.8 per cent gain on the Nasdaq after the latest inflation report. The Bank of Canada cut its key interest rate by half a percentage point to 3.25 per cent. The outsized interest rate cut didn’t come as a surprise, but was welcomed by markets, said Brian Madden, chief investment officer with First Avenue Investment Counsel. On the TSX, “the leadership seems to be a combination of rate-sensitive areas like real estate and financials, and then pro-growth cyclicals like tech, indicating the strength in the U.S.,” he said. The S&P/TSX composite index closed up 153.37 points at 25,657.70. “With the policy rate now substantially lower, we anticipate a more gradual approach to monetary policy if the economy evolves broadly as expected,” he said. It was noteworthy that the Bank of Canada gave such a strong indication of what’s to come, said Madden. In New York, the Dow Jones industrial average was down 99.27 points at 44,148.56.The S&P 500 index was up 49.28 points at 6,084.19, while the Nasdaq composite was up 347.65 points at 20,034.89. Governor Tiff Macklem said the central bank will likely take a more cautious tack after December. In the U.S., the latest report on consumer inflation showed price growth ticked higher in November to 2.7 per cent. The “hotly anticipated” report came in exactly as expected, said Madden, and markets took it largely as good news. The U.S. Federal Reserve is still “all but certain” to cut its own rate by a quarter of a percentage point next week, said Madden. Also helping markets Wednesday were tech stocks, with Google continuing its gains from the day before after announcing its new quantum computing chip. The tech giant’s stock rose 5.5 per cent. Another tech name in the news was Broadcom, which saw its stock rise 6.6 per cent after an announcement that it’s working with Apple to develop an AI chip, noted Madden. Broadcom’s stock rose 6.6 per cent Wednesday. Broadly, Tuesday saw a continuation of the momentum markets have enjoyed since the U.S. election, said Madden. The Canadian dollar traded for 70.65 cents UScompared with 70.59 cents US on Tuesday. The January crude oil contract was up US$1.70 at US$70.29 per barrel and the January natural gas contract was up 22 cents at US$3.38 per mmBTU. The February gold contract was up US$38.30 at US$2,756.70 an ounce and the March copper contract was down a penny at US$4.26 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 11, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Ana Siucho returns to Peru and sends emotional publications: she shared photos with her brotherHouse approves $895B defense bill with military pay raise, ban on transgender care for minorsWarren Buffett reveals brutal rule all parents must follow to keep their family together READ MORE: Warren Buffett says why he won't leave his money to his children By LAUREN ACTON-TAYLOR FOR DAILYMAIL.COM Published: 21:25 GMT, 26 November 2024 | Updated: 21:28 GMT, 26 November 2024 e-mail 5 View comments America's most famous investor has given advice for all parents - regardless of wealth - to let kids read their will. Warren Buffett said parents of either 'modest or staggering wealth' should let their children read their will before they sign it . The father of three, who has amassed a $150 billion personal fortune, advised parents in a letter on Monday that each child should 'understand the logic for your decisions and the responsibilities they will encounter upon your death'. 'If you have any questions or suggestions, listen carefully and adopt those found sensible,' Buffet said. 'You don't want your children asking 'Why?' in respect to testamentary decisions when you are no longer able to respond.' A certified financial planner, Douglas Boneparth, told CNBC that he agreed with Buffett's advice. 'These are tough conversations to have, but they're meaningful and when approached correctly, can strengthen relationships,' he said. 'You want your children to have realistic expectations about their inheritance.' Boneparth, founder and president of Bone Fide Wealth in New York City , added: 'Kids' imagination can run wild with what they think they should be getting.' Billionaire Warren Buffett told parents to let their kids read their will before they sign it He added that parents should be as clear and thorough as possible about who will receive what and why, so that any tensions or hurt feelings can be addressed while you're there to answer. 94-year-old Buffett recalled in his letter that over the years he has witnessed 'many families driven apart after the posthumous dictates of the will left beneficiaries confused and sometimes angry. 'Jealousies, along with actual or imagined slights during childhood, became magnified.' Boneparth added that it's important to explain why certain inheritance may not be split equally and why. For example, one child might be more financially stable and another might need more help. Carolyn McClanahan, founder of Life Planning Partners in Florida, said that parents should also be mindful of their child's financial situation and history when deciding to discuss their inheritance. She said that in rare cases, it might be advisable for parents to be more cautious with a child who has exploited them financially or if a child is irresponsible with jobs or money. Learning that they stand to inherit a large sum could deflate their ambitions and any drive to succeed on their own even further. Buffett also talked about why he will not be leaving his large fortune to his children , but instead giving away 99 percent of the money he's made through his company Berkshire Hathaway. 'These are tough conversations to have, but they're meaningful and when approached correctly, can strengthen relationships,' said certified financial planner Douglas Boneparth Buffett recalled in his letter that over the years he witnessed 'many families driven apart after the posthumous dictates of the will left beneficiaries confused and sometimes angry' This comes after the 94-year-old billionaire announced why he wouldn't be leaving his large fortune to his children (pictured with Buffett), but instead giving away 99 percent of the money he's made through his company Berkshire Hathaway Read More Warren Buffett's surprising move should send shivers down investors' spines Buffett wrote: 'I've never wished to create a dynasty or pursue any plan that extended beyond the children. 'I know the three well and trust them completely. Future generations are another matter. Who can foresee the priorities, intelligence and fidelity of successive generations to deal with the distribution of extraordinary wealth amid what may be a far different philanthropic landscape?' He named three independent trustees to oversee his philanthropy following his three children, anticipating that his wealth may take longer to disburse than his children live. Alongside the appointment of trustees, Buffett also donated an additional $1.1 billion in Berkshire Hathaway stock to his family's four charitable foundations. The identity of the trustees is not known, but he said each is well known to his children. 'They are also somewhat younger than my children,' Buffett wrote. 'But these successors are on the wait list. I hope Susie, Howie and Peter themselves disburse all of my assets.' Buffett has been making yearly donation to the four family foundations since 2006. These are The Susan Thompson Buffett Foundation - which is named after his late wife - The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation. Share or comment on this article: Warren Buffett reveals brutal rule all parents must follow to keep their family together e-mail Add comment