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1 Article
Source: CTV

NEB gives Trans Mountain pipeline expansion its endorsement

Today 06:59 GMT

The National Energy Board has endorsed an expansion of the Trans Mountain pipeline following a reconsideration of its impact on marine life off the B.C. coast.

She said a 60-member consultation team in British Columbia and Alberta has met with more than 85 of 117 Indigenous groups that would be affected by a Trans Mountain expansion and more meetings are taking place daily.

1 Article
Source: Reuters

Fed eyes end to balance sheet reductions later this year

Today 02:24 GMT

Despite apparently competing views on why they need a balance sheet permanently bigger than what they had envisioned only a few months ago, they also agree on a secondary aim: to make the Fed’s balance sheet boring again.

Federal Reserve policymakers are coalescing around a plan to stop trimming their $4 trillion balance sheet later this year, remarks from three U.S. central bankers showed on Friday.

1 Article
Source: Common Domain

Stock-index futures point higher on optimism over U.S.-China trade talks

Today 06:59 GMT

Stock-index futures pointed to a positive start for Wall Street on Friday, buoyed by optimism over U.S.-China trade talks, with President Donald Trump reportedly set to meet China’s top trade negotiator in the White House.

The economic calendar is light on data but features remarks from a number of Fed officials who are attending a monetary policy forum in New York, including Vice Chairman Richard Clarida, Gov. Randal Quarles, New York Fed President John Williams, San Francisco Fed President Mary Daly, St.Louis Fed President James Bullard and Philadelphia Fed President Patrick Harker.

1 Article
Source: Common Domain

The $1 tip is dead and how married couples should file their taxes

Today 06:59 GMT

Turn to an adviser for help with when to take Social Security, what’s the most efficient way to tap your retirement savings and how to pay for long-term care.

It was unusual in how the write-down of its Kraft natural cheese business, Oscar Mayer cold cuts business and Canada retail business was carried out. President Donald Trump on Friday said a deal with China on currency has been reached as he said he may meet his counterpart in Florida next month to try to wrap up talks.

1 Article
Source: BBC

Pipeline project gets regulator support

Today 06:58 GMT

In August a federal appellate court decision quashed Canada's 2016 approval of the project, saying regulators failed to adequately consult First Nations along the pipeline route and to fully account for the project's impact on the region's endangered killer whales.

The regulator was asked last year to revisit its recommendations of the controversial project after a federal court quashed an earlier approval.

1 Article
Source: Common Domain

Fed’s Clarida says central bank may adopt ‘makeup’ strategy after inflation undershoots

Friday 23:40 GMT

Richard Clarida, the vice chairman of the Fed and its highest-ranking economist, laid out the possible inflation strategy as he described the communications review the central bank is undertaking.

Speaking at a monetary policy conference sponsored by the University of Chicago Booth School of Business, Clarida contrasted what amounts to the current strategy — treating persistent shortfalls of inflation from the 2% target as “bygones” — to “makeup” strategies, where the Fed could target average inflation over a multiyear period or target price levels.

1 Article
Source: DW

Germany closed 2018 with record budget surplus

Today 06:59 GMT

A record budget surplus totaling €58 billion was made by Germany's federal, regional and communal governments last year.

It was the fifth year in succession that Germany had notched up a record surplus, said the Wiesbaden-based Destatis, with total revenue in 2018 amounting to a 4.7 percent gain on 2017. Offset against expenditures of €1,485.6 that left coffers €58 billion in surplus - an overhang of  1.7 percent in terms of gross domestic product (GDP).

1 Article
Source: The Guradian

Federally funded clinics barred from offering abortion help under new rule

Today 06:58 GMT

The Trump administration has issued a rule that bars federally funded family planning programs from referring women for abortions.

“The Title X program was not intended to be a slush fund for abortion businesses like Planned Parenthood,” said Marjorie Dannenfelser, president of the anti-abortion group Susan B Anthony List.

1 Article
Source: Common Domain

Advocates slam new Trump administration plan to fight sexual assault on flights

Today 06:59 GMT

“No in-flight sexual assault victims or advocates [were] appointed to the 14-member DOT Inflight Sexual Assault Task Force by Secretary Chao,” said Paul Hudson, president of flyers rights group FlyersRights.org. “The parties responsible for the current deplorable situation will be in charge of fixing it.”

DOT secretary Elaine Chao has assembled a 14-member National In-Flight Sexual Misconduct Task Force to “review and evaluate current practices, protocols, and requirements of U.S. airlines in responding to and reporting allegations by passengers of sexual misconduct on board commercial aircraft,” she said in a statement this month.

1 Article
Source: Reuters

A Fed pivot, born of volatility, missteps, and new economic reality

Today 06:59 GMT

The January statement, JP Morgan analyst Michael Feroli wrote recently, showed the Fed “subtly but profoundly evolving” to a new view of the world where a variety of forces have changed the way inflation and interest rates work, and have now changed how the central bank responds.

Along with Powell’s public comments, Fed minutes, and other documents, the picture emerges of a central bank edging towards a period of potentially difficult change as it reviews how to do business in light of that new reality.

1 Article
Source: Common Domain

Fed sees steady but slower growth and stable inflation for U.S. economy in 2019

Today 06:59 GMT

The Federal Reserve said it will stick to its “patient” approach toward guiding the U.S. economy owing to somewhat slower growth in 2019 and mild inflation, according to the central bank’s annual report to Congress.

The Fed pointed to slower consumer spending and business investment, softer home sales, trade tensions with China and a weaker global economy. Worries about the economy ignited a stock-market DJIA, +0.61% SPX, +0.49%  meltdown in December, though prices have mostly recovered.

1 Article
Source: Fox News

Kamala Harris reacts to Jussie Smollett arrest: 'Sad, frustrated, and disappointed'

Today 01:29 GMT

Sen. Kamala Harris, who once labeled the Jussie Smollet attack claim an "attempted modern day lynching," spoke out on Thursday after Smollett was charged and arrested with disorderly conduct for allegedly filing a false police report.

CHICAGO POLICE BLAST JUSSIE SMOLLETT ‘PHONY ATTACK’: ‘BOGUS POLICE REPORTS CAUSE REAL HARM’. Smollett, who is openly gay and black, reported that on Jan. 29 he was attacked by two masked men as he was walking home from a Subway restaurant.

1 Article
Source: Fox News

McCabe: Rosenstein thought 2 Cabinet members could support bid to oust Trump

Friday 19:05 GMT

Former Deputy FBI Director Andrew McCabe said Thursday that Deputy Attorney General Rod Rosenstein told him during a 2017 meeting that he thought two Cabinet members might support efforts to invoke the 25th Amendment to remove President Trump from office.

In a previous interview promoting his new book, McCabe said Rosenstein discussed the possibility of Cabinet members supporting the 25th Amendment idea, without getting into specifics.

1 Article
Source: Global News

Cat Lake First Nation chief to meet with federal minister amid housing, mould crisis

Friday 19:05 GMT

Remote Cat Lake, a fly-in Ojibway community of about 450 people, is about 180 kilometres north of Sioux Lookout, Ont. Cat Lake First Nation crisis spotlights health-care struggles of remote communities. One major issue is ensuring the existing ice road – the community’s only land access – is capable of supporting the loads required to get portables and building supplies to Cat Lake.

The Canadian government is promising more than $10 million to build new homes, repair others, and put portables in place for a remote Indigenous community in northern Ontario where substandard mould-infested housing has sparked a health crisis, according to a framework agreement signed on Thursday.

1 Article
Source: Reuters

Johnson & Johnson receives federal subpoenas related to baby powder...

Friday 16:20 GMT

(Reuters) - Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line.

The disclosure in Johnson & Johnson’s annual report on Wednesday is the first time that the company disclosed it had received subpoenas from federal agencies regarding its talc powder products.


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