Forest Whitaker To Be Honored For Charity Work At Critics Choice Movie

first_imgThe Broadcast Film Critics Association (BFCA) has announced that it will be honoring Forest Whitaker with the Joel Siegel Award at the 19th annual Critics’ Choice Movie Awards, to be presented to him by his co-star in “Lee Daniels’ The Butler,” Oprah Winfrey.The Joel Siegel Award is a special honor given by the BFCA in the name of “Good Morning America” film critic and founding BFCA member Joel Siegel, who lost his long struggle with cancer in June, 2007. The Joel Siegel Award is special to the BFCA, honoring its namesake’s legacy and his belief that the true value of celebrity is as an enhanced platform to do good works for others. It spotlights the leadership role so many great stars undertake to help solve the world’s most pressing problems. Previous recipients include Sean Penn, Matt Damon and Don Cheadle.Forest Whitaker is an exceptional actor. He won an Academy Award and a Critics’ Choice award for his work in “The Last King of Scotland,” and he was acclaimed this past year for his performance as Cecil Gaines in “Lee Daniels’ The Butler.” But he is also an exceptional humanitarian who has worked to raise awareness about youth and violence. In 2012, he founded the Whitaker Peace and Development Initiative, dedicated to helping people affected by violence regardless of age, gender, nationality or faith. Its mission is simple: empower individuals by creating a space for them to be heard, and inspire youth, women and men to promote peace everywhere.The rest of the night’s winners will be announced live at the Critics’ Choice Movie Awards ceremony on Thursday, January 16, 2014 from the Barker Hangar in Santa Monica, Calif. Hosted by Aisha Tyler, the star-studded awards gala will be broadcast live on The CW Network at 8:00 PM ET/PT.last_img read more

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Duchess Of Cornwall Pays Tribute To Elephant Family Founder

first_imgThe Duchess of Cornwall has penned an article for The Times about her brother – Elephant Family founder Mark Shand – who passed away earlier this year.“Mark’s ultimate goal was to secure elephant corridors in India and Thailand, where people and wildlife are fighting for the same space,” she wrote. “The reality of living in a basic home, close to the world’s largest wild and starving species, poses a daily threat to people and their livelihoods. Mark discovered a solution that would work for both; the project would build safe new homes and secure agricultural land for the families living there. In 2011 he secured the Kerala corridor.“Last year, when we were visiting India, he took my husband to see it. In monsoon-like conditions and, much to Mark’s fury, in the absence of any elephants at all (for every living creature, except for two cows, had been frightened off by the hoards of police) my husband was at last able to meet some of the people who had helped with, and benefitted from, Mark’s extraordinary legacy; a legacy which as co-Presidents of the Elephant Family, my husband and I will strive to fulfill.”To read the full article, click here.Source:www.princeofwales.gov.uklast_img read more

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Smokey Robinson To Be Honored At Multiple Myeloma Research Foundation Gala

first_imgGrammy Award-Winning singers Smokey Robinson and CeeLo Green, along with NBC’s America’s Got Talent host Nick Cannon will join the Multiple Myeloma Research Foundation (MMRF) at its Annual Fall Gala on Saturday, October 29, 2016 in Old Greenwich, Connecticut.Philanthropists and Greenwich residents Anne and David Ogilvy will be presented with the MMRF Spirit of Hope Award. This award is presented annually to patients, caregivers, family members or advocates who inspire hope through their resilience, perseverance and dedication to the MMRF and its mission.“Anne and I are honored and humbled to receive this accolade. As a patient, I am immensely grateful to the MMRF for shifting the paradigm of cancer research and for revolutionizing the way myeloma is treated. Caregivers are the true spirt of hope and I am inspired by my caregiver, my amazing wife, Anne, for her unflappable bravery and strength, as well as my entire family. Without my doctors and the MMRF, I would not be here today,” said David Ogilvy, the president and owner of David Ogilvy & Associates Realtors.The renowned Grammy Award-Winning singer, songwriter and record producer Smokey Robinson will be presented with the MMRF Courage and Commitment Award. Mr. Robinson is a Rock ‘n’ Roll Hall of Fame inductee and has received numerous awards including the Grammy Living Legend Award, NARAS Lifetime Achievement Award, Howard University Honorary Doctorate, Kennedy Center Honors and the National Medal of Arts Award from the President of the United States.Both of these awards are presented to people in recognition of their extraordinary contributions and inspiration of hope through their life’s work.Grammy Award-Winning singer, songwriter and record producer CeeLo Green will serve as the evening’s headliner. The evening’s Master of Ceremonies will be Nick Cannon, the host of NBC’s America’s Got Talent and an entrepreneur, philanthropist and entertainer.Janssen Oncology and Takeda Oncology are the evening’s presenting sponsors.“The MMRF Gala allows us to publicly thank individuals who support our efforts to find a cure for multiple myeloma. We are excited this year to recognize longtime friends and supporters Anne and David Ogilvy as well as musical legend Smokey Robinson,” stated MMRF President and Chief Executive Officer Paul Giusti. “The awareness that we generate and the funds that we raise supports the MMRF’s unique Precision Medicine Model – the promise of delivering tailored cancer treatments based on a patient’s specific genetic profile. This is the future of cancer research.”The MMRF Fall Gala is the largest philanthropic event in Fairfield County and is attended by over 1,000 supporters including patients, family members, healthcare leaders and business executives – all with a mission to find a cure. The evening includes a cocktail reception, dinner, premier silent and live auctions as well as world-class entertainment. It is always an uplifting, moving event.The Multiple Myeloma Research Foundation (MMRF) is one of the leading cancer research organizations worldwide. MMRF’s groundbreaking precision medicine model is the only end-to-end solution in cancer research today and the foundation is leading the way in the fight against all cancers with a goal of finding a cure.For more information for table/ticket or sponsorship opportunities, please contact:
(888) 584-5463 or visit www.themmrf.org/FallGala.last_img read more

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New Maison de RadioCanada Its Official

first_imgCBC/Radio-Canada is transferring the eastern part of its lot to Broccolini Group for one dollar, as part of an overall transaction for the construction and leasing of the new MRC on this parcel of land. The agreement ensures that CBC/Radio-Canada can lease its new facility for the next 30 years at a stable annual cost equivalent to its current maintenance costs, which amount to $21 million per year. The public broadcaster can thus avoid the risks inherent in managing real estate assets. Preliminary work for the construction of the new MRC will begin on August 7, with the new facility due to open in 2020.Redevelopment of the tower and siteCBC/Radio-Canada is also selling its existing building and the western part of its lot to Groupe Mach for $42 million, after adjustment. This allows the public broadcaster to offload an accumulated maintenance deficit on the tower equivalent to $170 million. The agreement also contributes to the site’s redevelopment in line with the priorities that emerged from consultations with the community. Work on the tower and site will not begin until after the move into the new facility is completed in 2020.“Today’s announcement is the culmination of months of hard work by a large number of people both within CBC/Radio-Canada and our promoter partners,” added Hubert T. Lacroix. “I sincerely thank them for their effort.” MONTREAL, July 28, 2017 – Yesterday, CBC/Radio-Canada and its partners officially signed agreements for the two main components of the Maison de Radio-Canada (MRC) redevelopment project: the construction of the new broadcast centre in Montreal; and the sale of the existing building and lot, enabling the revitalization of the site in the city’s Centre-Sud neighbourhood.“This marks yet another milestone in the plan to equip CBC/Radio-Canada Montreal with optimal facilities that will turn it into an unparalleled creative and production space for its teams – at no additional cost to the government or taxpayers,” said CBC/Radio-Canada’s President and CEO Hubert T. Lacroix.New Maison de Radio-Canada Advertisement Facebook Advertisement Login/Register With: Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Twitterlast_img read more

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Heritage Minister Joly says Netflix money is new for full Canadian productions

first_imgAdvertisement OTTAWA – Heritage Minister Melanie Joly says the marquee $500 million Netflix investment rolled out as part of the government’s just-announced vision for cultural policy is new money that’ll be spent on fully Canadian creations.After days of questioning, Joly finally filled out details of the controversial Netflix deal, and what it means in terms of new Canadian content and production.“This is not supporting service production… This is new money for Canadian productions,” said Joly in an interview with Evan Solomon, host of CTV’s Question Period. Twitter Advertisement Advertisement On Thursday, Joly unveiled the federal government’s new vision for cultural policy in Canada. The marquee portion of the “Creative Canada” announcement was a $500 million agreement with Netflix to set up a Netflix Canada production house that, over five years, will invest in original Canadian productions, as well as $25 million for French-language content.In the interview, Joly said that Netflix will be expected to produce fully Canadian shows with members of Canada’s creative sector, like filmmakers, writers, and actors, and not just supporting service production, which is what’s common now—American shows shooting content in Canada, using Canadian crews.“Of course Netflix has been present in our landscape because they’ve been shooting American films in Vancouver and Toronto, but now they will be investing in Canadian productions,” she said.“That’s why it’s great. It’s $500 million of new money,” she said, explaining that, although the company told the government in 2016 it commissioned “hundreds of millions of dollars of original programming produced in Canada,” this is different, and will help the creators that were never really assisted by American shows being shot here.Joly said that the government took this investment approach instead of a Netflix tax, to make sure there was money to spend in the sector while insuring that Canadians’ internet bills weren’t bigger at the end of the month.It’s a model Joly said she’d like to see replicated by other digital producers.Also part of the agreement, Netflix will help viewers find Canadian shows by including “vignette of Canadian content” on its site, Joly said.The specifics on how the deal and Netflix’s investment will be monitored have yet to come forward, but Joly says that the government will be able to enforce fines, if needed, through the Investment Canada Act.BY Rachel Aiello, Ottawa News Bureau Online Producer Login/Register With: Facebook LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more

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PUBLIC ENEMYS CHUCK D HEADLINES THIS YEARS VANCOUVER INTERNATIONAL FILM FESTIVAL

first_imgAdvertisement LEAVE A REPLY Cancel replyLog in to leave a comment The appearance is part of the festival’s expanded VIFF Live program, which this year also includes a live episode of Tim Heidecker and Gregg Turkington’s AdultSwim.com series On Cinema at the Cinema Live!“VIFF Live has created a platform to push the boundaries of festival programming, exploring how a multitude of artistic genres intersect with cinema to create unique once-in-a-lifetime experiences for VIFF audiences,” said VIFF programmer and curator Ken Tsui. Advertisement Login/Register With: Facebookcenter_img Advertisement Public Enemy’s Chuck D will be in Vancouver this fall for Song Exploder Live during this year’s Vancouver International Film Festival. Photo Dplanet/Flickr Twitter Vancouver International Film Festival released this year’s lineup and it includes a live appearance from hip hop icon Chuck D.The Public Enemy founder will dissect “Fight the Power” during a live edition of the Song Exploder podcast. The song was specially commissioned for Spike Lee’s Do The Right Thing, which celebrates its 30th anniversary this year.last_img read more

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Mohawk woman taking her place among the saints

first_imgAPTN National NewsOTTAWA–A Mohawk woman buried in Kahnawake is taking her place among the saints.Pope Benedict XVI on Monday signed a decree approving a miracle attributed to Kateri Tekakwitha, also known as the Lily of the Mohawks, clearing the way for her canonization.The Vatican received evidence of Tekakwitha’s miracle in 2009 from Monsignor Paul Lenz, who sent the documentation to Rome through the Vatican embassy in Washington D.C.Tekakwitha is credited with healing a child in the U.S. from flesh-eating disease.The Pope also approved the miracles of six others who will also ascend to the pantheon of the Catholic Church’s saints.The official Vatican Information Service identifies Tekakwitha as simply an “American laywoman.”But she is much more than that to her numerous followers.Tekakwitha died at the age of 24 in 1680 and is entombed inside the St. Francis-Xavier Church in Kahnawake, a Mohawk community near Montreal.The Vatican has been receiving requests to canonize Tekakwitha for more than a hundred years.She has followers throughout the Americas and in parts of Europe. Tekakwitha is celebrated every year during a festival held in her honour in Fonda, N.Y., which is about 65 kilometres northwest of Albany, the state capital.In 1980, she was beatified by Pope John Paul II, the final stage before sainthood.Tekakwitha was born in 1656 in a Mohawk village near Fonda. Her mother was an Algonquin who was captured around Trois-Rivieres, Que., and then married a Mohawk chief.Her village was burned by the French and her mother, father and younger brother all died during the smallpox epidemic.Tekakwitha survived the disease, but it left its mark on her, leaving her body weak and her face scarred.She was baptized Catholic in 1676 and was taken to a village around what is now Kahnawake and Ville Sainte-Catherine after she faced pressure from her family to give up the religion.Tekakwitha stood only about 4 and-a-half feet tall and frequently fasted. It is said Tekakwitha once scattered thorns on her bed and lay on them for three nights.When she died, it was reported her face lost its scars and she became beautiful. Her crucifix, pieces of her garments and dirt from her grave were said to have healing powers.last_img read more

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Cohen inquiry wraps up amid virus controversy

first_imgAPTN National NewsRobert Brown went from jail to the streets and back again for many years, until an incident late last year made him realize that something had to change.Brown took the next step and enrolled in the Housing First program. And thanks to Housing First, he’s now off the street, working, and successfully dealing with his issues.APTN National News reporter Meagan Fiddler has the story on Housing First and what it’s meant to many of the country’s homeless.last_img

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Kashtin reunites for Aboriginal Day Live bash

first_imgAPTN National NewsThe line up for APTN‘s Aboriginal Day Live broadcast and celebration was announced Wednesday.This is the sixth year for the event held at the Forks in Winnipeg.APTN National News reporter Meagan Fiddler has the details.last_img

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Chiefs not happy Atleo met with Duncan

first_imgAPTN National NewsChiefs from across the country are still sharing a sense of empowerment after they protested on Parliament Hill last week.But news of Assembly of First Nations National Chief Shawn Atleo meeting with Aboriginal Affairs Minister John Duncan dampened some of their spirits.Some were quick to voice their displeasure.APTN National News reporter Meagan Fiddler has more on the story.last_img

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InFocus Kids with disabilities onreserve still getting less

first_imgAPTN InFocus with Cheryl McKenzie:If a motion passes unanimously in the House of Commons, does anybody hear it?That’s the question advocates of equal access to health care are asking.Jordan’s Principle was adopted in 2007.It was a motion vowing that children with disabilities who live on reserve, would be treated the same as all children who live off reserve.But eight years later a McGill University study reports that those on-reserve kids still have poorer access to health care services.last_img

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Northern Saskatchewan communities hope to expand fishing industry

first_imgAPTN National NewsCommercial fishing in northern Saskatchewan has been a way of life for many people for generations.Now, some communities are banding together in the hopes of expanding the industry and making it more profitable.APTN’s Larissa Burnouf has the story.last_img

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Kenora riding up for grabs

first_imgAPTN National NewsThere is a lot of attention being paid to the Kenora riding in this federal election.The Conservative-held riding is home to 40 First Nation communities and many of them go without clean water to drink.The race has some high profile candidates running, including the former leader of the provincial NDP and a former Liberal federal Aboriginal Affairs minister.APTN’s Dennis Ward has a look at this so-called swing riding.last_img

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Inuk designer says not everyone informed about Canada Goose program

first_imgSophie-Claude MillerAPTN NewsAn Inuk designer is skeptical about a new “social entrepreneurship” program being run by winter clothing giant Canada Goose.As part of its, ‘’honouring the north” initiative, Canada goose ordered an exclusive collection from 14 Inuit seamstresses.The company recently announced their Atigi collection that includes anoraks, parkas and the famous traditional Inuit amauti.But Victoria Okpik, a professional Inuk designer from Kangirsujuaq, says she wasn’t aware of project Atigi and according to her, neither were most Inuit.“Most of the people I think didn’t know about this project and it should have been well publicized and people that wanted to try should have had a chance,” said Okpik.Okpik said she’s happy for the people who took part in the project, but is concerned about the amauti patterns being shared with a big company such as Canada Goose.“I was really worried about our traditional amauti,” she said. “I know Pauktuutit Women’s Association of Canada, they have intellectual property rights, they worked on it for a long time and I was just worried about that part because a big company like Canada Goose, if it gets a hold of the pattern, I was really worried.”The Toronto based company said in a statement that all proceeds from the sale of the collection will go to Inuit Tapiriit Kanatami (ITK).The national Inuit organization is responsible for protecting and advancing the rights and interests of 60,000 Inuit.In an email, ITK was not involved in the planning, but said it will administer the proceeds of the sales.“’ITK will collect the proceeds and we will bring them forward to our board of directors, which is made up of the elected leaders of each of the four Inuit regions, to determine how to best use these funds in Inuit communities,” the email said.But Okpik still has concerns about the project.“I think Inuit should be the one that benefits from that and have the total right and not big companies like Canada Goose to gain anything out of it, out of amauti,” said OkpikAPTN asked Canada goose numerous times for an interview but they did not make anyone available.smiller@aptn.ca@sophieclaudelast_img read more

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European rail manufacturers announce deal leaving Bombardier out in cold

first_imgMONTREAL – European railway manufacturers Siemens Mobility and Alstom announced a merger Tuesday that leaves Montreal-based Bombardier Transportation facing a new “European champion” and a substantially larger rival.The memorandum of understanding announced Tuesday is described as a merger of equals with each owning half the shares of the new company to be headquartered in Paris. The Mobility Solutions business will be run out of Berlin.The combined company to be called Siemens Alstom will have US$18 billion in revenues — about double that of Bombardier Transportation — and US$1.4 billion in adjusted EBIT. Annual cost savings of US$554.2 million are expected four years after closing.The new European company with 62,300 employees in more than 60 countries will have an order backlog of US$72 billion and an adjusted margin of eight per cent.“We put the European idea to work and together with our friends at Alstom, we are creating a new European champion in the rail industry for the long-term,” Siemens CEO Joe Kaeser said in a news release.He added that the global market has changed with the creation of a dominant competitor in China and digitalization.Bombardier (TSX:BBD.B) didn’t immediately respond to the merger of its rivals. It is also believed to have talked to Siemens.Mergers in China and Europe leave Bombardier “still looking for a dance partner,” said David Tyerman of Cormark Securities.“They lost out this time but there’s presumably going to be more consolidation,” he said, noting competitors of varying sizes remain around the world.Bombardier’s shares closed up more than six per cent to C$2.27 in Tuesday trading even though the transportation giant was expected to face bad news affecting both its commercial aircraft and railway businesses.The shares surged more than 13 per cent after a report out of China said Bombardier is close to signing orders for commercial aircraft.Walter Spracklin of RBC Capital Markets said he expects Bombardier will remain a key player in a growing transit market.“An overall modernization of infrastructure in developed countries, and a rapid urbanization coupled with environmental concerns in developing countries will prop up rail demand for decades to come in our view,” he wrote in a report.Analyst Cameron Doerksen of National Bank Financial said Bombardier Transportation can still succeed as a standalone company.Bombardier Transportation would be the world’s third-largest railway company with a strong presence in France, Germany and Britain. It has a four-year backlog of orders and is moving towards an eight per cent EBIT margin.Under a proposed merger with Siemens, Bombardier would have reportedly ceded control of signalling and maintained only marginal control over a separate rolling stock joint venture.“Given the cyclicality of Bombardier’s Aerospace operations, in our view, it was important that Bombardier maintained control of Bombardier Transportation,” he wrote in a note before the Siemens-Alstom merger was announced.The industry is undergoing consolidation to compete with the state-backed rival Chinese railway manufacturer CRRC that is growing its global reach.Doerksen added that the near-to-medium-term threat from the state-owned CRRC Chinese railway is exaggerated since only about 8.5 per cent of its revenues last year were outside of China and it has little presence in Western Europe.China’s cost advantage may also be limited since most buyers require significant local content, forcing CRRC to build new manufacturing facilities in major markets.last_img read more

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Shoppers find deals at Sears Canada liquidation sales underwhelming

first_imgTORONTO – Sears Canada began its liquidation sales at its remaining stores across the country Thursday, but many shoppers found the deals to be underwhelming.While signs suggested discounts of 20 to 50 per cent off — with a note that exceptions apply — relatively few items at a Toronto store appeared to be offered at half off. Some big ticket items such as snowblowers and treadmills were only 10 per cent off.“For a close-out deal, I would have thought the sale would be a bit higher. And maybe it will be, as closing time approaches. And maybe by that time everything will be gone!” said 86-year-old Madeline Cameron, who said she had been shopping at Sears for 60 or 70 years.After looking at the dozens of shoppers braving long, slow check-out lines she decided to leave without buying anything.“I can’t stand in lineups for a long time … I might come early tomorrow morning. I’d say the lineups are maybe half an hour, an hour long.”A joint-venture group — which includes Hilco Global, Gordon Brothers Canada, Tiger Capital Group and Great American Group — is running the liquidation sales at 74 remaining department stores and eight Home stores, a step towards Sears Canada closing its doors for good after 65 years in business.Sears Canada gift cards will be honoured throughout the sale, but the company stopped honouring extended warranties as of Wednesday.“It’s rather sad. Sears could always be counted on to be a good competitor, and certainly I think the Kenmore brand is very reliable, and has been a staple in the Canadian market. It’s going to be a loss,” said shopper Karen Ottmann.At the Toronto Fairview Mall location, the appliance department was among the busiest, with many shoppers picking up vaccuums, microwaves, blenders and other kitchen equipment.Some shoppers, like stay-at-home mom Elana Iordan, were happy to get a head start on Christmas shopping. But many, Iordan included, expressed regret about the company’s imminent closure.“We always came at Christmas. It was affordable,” Iordan said, noting there aren’t any similar stores in locations convenient for her. “We don’t have anything around us anymore.”Another shopper, Joan Challis, said she was angry at the way the closure has been handled by the company’s management.“It’s nasty, what happened here … I’m not happy about it. Neighbours of mine have extended warranties on appliances, so that’s going to hurt them,” she said.“The employees and the public, they’re all going to lose out. But head office, management, they’re not going to lose out, I don’t think. I think they’ll end out coming out fairly clean.”Liquidation sales at 49 Sears Hometown stores were expected to start Thursday, or sometime soon, but discounts there will vary, according to Sears Canada spokesman Joel Shaffer.Some items are also listed for clearance on the Sears Canada website, including a four-piece outdoor furniture set discounted from $499.99 to $299.95. However, not everything online has been marked down just yet.The sales are expected to last between 10 to 14 weeks. Sears Canada timed its liquidation sales to take advantage of the busy holiday shopping season to maximize the value it could attain for the inventory.The retailer has been in creditor protection since June, but was unable to find a buyer which would allow it to keep operating.Sears Canada received court approval to proceed with its liquidation sales last week. A group led by its executive chairman Brandon Stranzl had been in weeks-long discussions with Sears Canada to purchase the retailer and continue to operate it. However, no deal was reached.Stranzl resigned from Sears Canada’s board of directors on Monday.last_img read more

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Powell taking over as Fed chairman at time of economic calm

first_imgWASHINGTON – It would seem like a pretty good time to take over as chairman of the Federal Reserve.Jerome Powell has won Senate confirmation to head the U.S. central bank, inheriting an economy on a roll, a booming stock market and unemployment at a 17-year low.He will succeed Janet Yellen, the first woman to serve as Fed chairman, when her term ends on Feb. 3. The position is considered the government’s most power economic job.But while the immediate horizon appears clear, Powell faces the risk that today’s sturdy economy, low inflation and rising stock market could reverse course in the coming months or years, forcing him to come up with the right remedies.One of the biggest threats could come from inflation, which over the past six years has been extremely low. Some forecasters, however, worry that the days of benign inflation readings could be coming to an end, especially if tight labour markets lead to accelerating wage gains.There is also the concern that the stock market, which has been soaring to record highs, could get thrown into reverse if investors begin to worry about rising interest rates.Yellen and other Fed officials have emphasized that they hope to remain on a course of gradual rate hikes but they have warned that if inflation does start to accelerate, they may be forced to apply the brakes more forcefully by raising interest rates more quickly.That is the type of scenario that in the past has brought an end to economic recoveries. And this expansion is already the third longest in U.S. history. But for the moment, those threats remain just that — threats. In fact, some Fed officials are not convinced that inflation is on the verge of picking up steam and in fact, they have argued that the central bank may need to slow down rather than accelerate its rate hikes.That is the economic landscape that Powell inherits following his confirmation for the chairman’s job by a Senate vote of 84-13 on Tuesday.President Donald Trump tapped Powell for the job after deciding against offering Yellen a second four-year term as chair despite widespread praise for her performance since succeeding Ben Bernanke.Powell, 64, has served for 5 1/2 years on the Fed’s board. A lawyer and investment manager by training, he will be the first Fed leader in 40 years without an advanced degree in economics. Many expect him to follow Yellen’s cautious approach to interest rates.Powell, viewed as a centrist, enjoyed support from Republicans and Democrats.The 13 senators who voted against Powell’s nomination included four Republicans, eight Democrats and Sen. Bernie Sanders, an independent who votes with the Democrats.One of the dissenters, Sen. Elizabeth Warren, D-Mass., said she was concerned that Powell “will roll back critical rules that help guard against another financial crisis.”During the presidential race, Trump was critical of the role the Fed played in implementing the Dodd-Frank Act, the 2010 law that tightened banking regulations after the 2008 financial crisis. Trump and many Republicans in Congress contended that the stricter regulations were too burdensome for financial institutions and were a key reason why economic growth since the Great Recession ended in 2009 had been lacklustre.Powell has signalled that he favours ways to make bank regulations less onerous, especially for smaller community banks.Trump will be able to essentially remake the Fed’s board during his first two years in office. He has already filled the key post of vice chairman for regulation with Randal Quarles. The president has also nominated Marvin Goodfriend, a conservative economist, for another vacancy on the board.In addition, he can fill three more vacancies on the seven-member board, including the key spot of Fed vice chairman, which has been vacant since Stanley Fischer left in October.All told, the vacancies will have given Trump the ability to fill six of the seven board positions with his own choices. Lael Brainard will remain the lone board member not to have been chosen by Trump.Powell, known as a collegial consensus-builder, could help serve as a steadying force for the U.S. economy as well as a unifying figure among the central bank’s policymakers. As a Fed governor, Powell has never dissented from a central bank decision.Educated at Princeton University with a law degree from Georgetown, Powell, known as Jay, spent many years in investment management — at Dillon Read and then at the Carlyle Group. His work there made him one of the wealthiest figures to serve on the Fed board: His most recent financial disclosure form places his wealth at between $19.7 million and $55 million. And based on how government disclosures are drafted, his wealth may actually be closer to $100 million.___Associated Press Business Writer Marcy Gordon contributed to this report.last_img read more

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WestJet says system outage partially resolved experiencing some delays

first_imgCALGARY – WestJet Airlines Ltd. says it has partially resolved a computer system outage and has started to resume regular operations.The airline says some flights have been delayed and it is experiencing longer lines at check-in because of the issue.WestJet recommended passengers arrive early at the airport and check their flight status ahead of time because of the problems.Travellers had reported on Twitter that there were long lines and kiosks off-line at some airports, as well as issues with booking on the company’s website.Last October, the airline said computer problems caused delays for dozens of flights.last_img

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Activists detained after boarding palm oil tanker off Spain

first_imgJAKARTA, Indonesia — Greenpeace says six of its activists boarded a tanker transporting Indonesian palm oil in the Gulf of Cadiz and were detained by its captain after unfurling “Save our Rainforest” and “Drop Dirty Palm Oil” banners.A ship tracking website shows the Stolt Tenacity, which Greenpeace says is carrying palm oil from Wilmar International linked to tropical forest destruction in Indonesia, was bound for Rotterdam.Greenpeace says the activists from Indonesia, Germany, Britain, France, Canada and the U.S. are being detained in a cabin on the ship.Palm oil is used in a huge array of consumer goods from makeup to snacks. Wilmar supplies Mondelez, the maker of Oreo cookies and Cadbury chocolate.Greenpeace said the Stolt Tenacity’s captain was informed in advance that the protest, staged Saturday, would be peaceful.The Associated Presslast_img read more

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